What's the point of registering on this exchange just for the sake of finding out their 'hidden act'? It makes more sense to avoid something people complain about.

If user warnings here aren't enough, look at this; https://coinmarketcap.com/exchanges/bitebtc/

That message comes from Coinmarketcap.

I honestly haven't even heard of this exchange yet, and they are generating over $100 million in daily volume? Wash trade heaven. Also note how their coin prices are insanely inflated, which is another bad sign.

I think people tend to underestimate the human nature in this case. People, regardless of what coin they own or want to buy into, need some sort of a trigger to actually start buying. In this case, Litecoin's significant gains tempted Bitcoiners to start buying too, and it's actually a welcome buying trigger. If it weren't altcoins pushing Bitcoin up, what else would?

I have the feeling that we're going through a mild altcoin season, which is quite positive for Bitcoin actually. It means more demand for Bitcoin and thus less dumps because altcoin traders need Bitcoin to trade against the 1001 different shitcoins. People prefer Binance as exchange, and shitcoins. What coin do you need to trade shitcoins on Binance without going through KYC? Bitcoin.

Perhaps that altcoins will return the favor for once and prevent Bitcoin from sinking deeper. We'll see how things go.

Of course it is a crime. It doesn't matter how it happens, and how stupid the ATM operator is, they purposely took someone's money.

It's quite sad that these things are happening, but they're a welcome wake-up call, because this will stimulate other operators of ATM's to at least wait for that confirmation. It legit surprises me how stupid this whole zero-fee ATM setup is in the crypto world with how it's quite easy for con artists to figure out how to game the system.

BitPay for example only allows $25 worth of payments to be accepted instantly, which is tolerable. The fact that they still offer that option means that there is little to no abuse worth taking it down for.

It could also be that the maker(s) of the movie were just showing love for the coins they hold, but that's of course pure speculation too. On the other hand, the negative tint around the movie could also work against the cryptos listed, so I'm not sure what to think in this case. 

I've seen the trailer and it honestly is rather boring. I always need the trailer to grab my attention right from the very first moment, and that's not the case here. Thus far even most of the documentaries related to Bitcoin have been quite boring. It's either that my expectations are too high, or that it's legit not worthwhile content.

Generally speaking, I honestly don't care about the blockchain as technology either. I got bored of it because it's just one big buzzword hype businesses try to exploit in order to raise capital. It's obviously their right to do so, and actually a smart move businesswise, but that doesn't make the blockchain as technology any better.

The only thing of value that blockchains offer is their decentralization, and Bitcoin absolutely mastered the art of being a useful blockchain. Corporate and private entities don't need a blockchain, just a well configured database. It's more scalable and has been an option well before Bitcoin even existed.

If it isn't for the decentralization, the only thing left here is gains, and considering that the majority of the people don't care about decentralization, they're here for the gains. It's ok, they bring in liquidity, so there is at least one positive aspect to their speculative journey in crypto.

Nope, just basic event -> date linking that people here tend to do.

Every coin goes through these sort of sudden tx dumps that no one can explain. Ethereum had like 40-50% corrections in transaction volume more than once and no one gave a damn. Bitcoin on the other hand as big dog is what everyone focuses on as metric. It's understandable, but quite irrelevant.

The good thing here is that if there is organic growth, we'll see it increase the transaction count again. If not, we'll know it too. For now I'm more happy about the lower fees.

For actual use, the current stable range is perfect. Bitcoin being stable right now means that it allows people to comfortably utilize its currency utility. It's amazing when you receive $100 worth of Bitcoin and the next day the value is more or less still the same. This is what Bitcoin needs in order to be money.

Volatility and an increasing market are elements just speculators and investors care about, and they aren't here to actually use Bitcoin. They just wait for the right moment to buy and sell. People in Venezuela looking for an alternative to their rubbish fiat currency for only seek stability and something that works as a currency. Bitcoin. 

The experts you're referring to are experts within their own field, but have no clue about what the market will be doing, and in most cases they don't even care. Gambling is still gambling, regardless of Bitcoin's value, so Doog, Rhavar and Stunna are fine either way. Erik Voorhees runs Shapeshift and he benefits from the pumps and dumps that are happening within crypto.

What people are interested in is what the price will be doing. They just want to see their bags pump hard as soon as possible, and that's why a lot of these so called experts keep gaining exposure on news outlets.

Nothing wrong with that. It offers more utility to those who already own Bitcoin. It feels good knowing that more and more places start to accept Bitcoin.

If Bitcoin wants to be a currency, we need to be able to use it as such, and the first and most important step is to have whatever entity accept it. It's not our problem that they use a third party for the conversion. The volatile nature of this market is too much of a concern for those who aren't willing to swallow a hit.

The brutal selloff from $6000 to $3000 once more points out that it makes sense for merchants to convert to fiat.

Coinbase's ecosystem solves the issue of waiting for confirmations too. Bitrefill allows people to pay for their products with their Coinbase balance. It has nothing to do with Bitcoin this, pretty useless so to speak, and that applies to what Bakkt offers too. People can instantly use their debit card, PayPal, Google Pay, etc, in any of the Starbucks shops within the US, and that without worrying about taxation.

The only positive thing about Starbucks "enabling" Bitcoin payments is the free publicity that comes with it, but it ends the moment people actually walk into Starbucks and ask why Bitcoin isn't an option.

You can use your exchange's API to have the sales be an automated process. It's less convenient than what payment processors offer as service, but a great alternative.

CoinGate is a great alternative, and they allow merchants to ultilize Lightning Network too. The only downside is that they don't offer their services in the USA. And then we also have OpenNode trying to kick BitPay off its throne. Give it some time. BitPay has the network effect, a monopoly within the US, and still the best SEO. Not easy to fight it at this stage.

For now, but I wouldn't take their word for it since they make the rules and can change them at any time of the day.

I remember how Bittrex suddenly started to lower my max withdrawal amount. The lowest point was 0.4BTC, and then after a while my legacy account was blocked and I couldn't use it for anything anymore without verifying myself, which I obviously didn't do, and looking at how their volumes tanked, thousands of others didn't proceed either.

Are you kidding me? Algorithmic activity has exploded in the last 12 months and that for a good reason.

People have only themselves to blame for when it comes to having high expectations with shitty bots that aren't built from scratch to do whatever you want. It really seems that people think that a bot should guarantee them x percentage of passive income on a daily basis. That's not how things work, not even on wall street. The best bots could lose for days straight, but scoop up enough profits to end the month well in the green.

Don't forget that if you buy your bot from whatever site, that the same bot is being used by thousands of other traders. A small number of these bots will end up making profits, while the majority of these will continue to be too late because there just isn't enough depth in the books to also profit.

Bitcoin all the way.

What you could do to reduce the risk is to hold 75% and short 25% with a very mild leverage boost as a form of insurance, but then again, you do need a Bitmex account for that and understand how it works. Obviously, that's more of a way to retain your paper value during times that can still be seen as uncertain.

If you don't care about your paper value but want to be somewhat conservative, then use 50% of your funds right now, and from there use the rest in 10-25% increments to buy lower.

Don't expect immediate profits though. It could very well turn out that we end up moving sideways for plenty of more months.

Nothing is perfect. If things were to be perfect, they wouldn't be replaced after whatever period of time. Good thing about Bitcoin is that it's pretty much software, so it can be upgraded when needed, but I would say that it is one of the more perfect coins within crypto. It's not for nothing that there are billions of dollars moved on-chain every single day. This doesn't happen on any altcoin.

In the end, I do actually like that people here are challenged by nocoiners. Most of their arguments are invalid and meant to target this space as a whole, but in some cases they do have valid arguments and we need to acknowledge them instead of bouncing it off as being nocoiner fud.

I doubt they will increase the difficulty, unless a lot of new machines are being put to work, but that's unlikely at current levels. If you look at the current hashrate charts, you'll see that there are swings from sub 40eh/s to over 50eh/s, but around the time the difficulty resets, it's artificially being lowered to not have the difficulty eat up too much of their profits.

If the situation within the mining space was as rosy as news outlets are pointing out, we would see that reflect in the hashrate charts, but it isn't.

Facebook doesn't want to solve anything related to people's privacy. It's money in their bank to have people's info be sold to whatever party willing to pay for it. In other words, Facebook has all the incentive they need to not give people any tools to have better privacy management.

The best way to deal with this situation is to have your Facebook account deleted. Sure, they will very likely have your info still, but that's only up to a certain time frame. I have never registered myself on Facebook's platform, and never will. It feels good knowing that they haven't made a penny selling my preferences for food, traveling, etc.

These fuckers sell your info to insurance companies that will very likely treat you differently based on your lifestyle. No thank you.

That's going to be a fascinating event for sure. I'm afraid that if a global ecomical depression hits the world too soon, Bitcoin will be sold just as hard as anything else that's speculative, which is why I am perfectly happy with relatively strong economies right now. Bitcoin really needs time to actually become Gold 2.0 and it seems that it has all the time it needs to do so.

Sure, one could say that even Gold might be sold off hard, but Bitcoin being accepted as Gold 2.0 severely increases the odds of it to outperform everything around it instead of being dumped without a second thought.

The mass has always been quite a solid indicator. The mass was overly bullish last year, and today's prices is what we got. Currently it does seem that people are overly bearish and expect an even lower low, so by the same logic, this would be a great entry point. Time will tell whether it is or not, but it's much better buying today than where we were last year.

On the other hand, it doesn't hurt to wait for an uptrend either. The trend is your friend, so if the trend is up, it will likely hold on for a long while.

Are you referring to banks offering fx brokerage services?

I don't know of any regulated or unregulated broker that isn't a bank that offers fund insurance. Can you name me one that does?

In the end, the insurance banks do offer is a far cry from the reality where people tend to lose whatever they put into trading. It's orders of magnitude more likely that people rekt themselves using too much leverage or other high risk features such as options. On top of that, getting your money back that you think is guaranteed can take years. It's nothing to be excited about.