Everyone keeps saying stuff like "coins are on sale right now", "look at the price, it's a bargain", etc..
But every single one of these coins was at least valued 5x lower just a few week ago. There is a correction now, but most of these coins are still ridiculously overvalued in my opinion.
Thoughts?
Instead of buying into these coins I feel it would be smarter to look for promising project that still have a low market cap instead.
You are right. Check out the charts on coinmarket cap. It might be worth placing really low buy orders just in case there is a flash crash however - that way you enter at a good price and don't overpay. |
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Stellar has had a write-up in Time magazine: http://time.com/money/5104082/meet-stellar-the-cryptocurrency-poised-to-be-the-next-bitcoin-and-ripple/Fintech experts speaking with the personal finance website Finder.com predicted recently that Stellar’s market cap would rise to $183 billion by the end of the year. To put that in perspective, bitcoin currently has a $233 billion market cap.
And if that prediction comes to pass, it would mean that the value of lumens would climb more than 1,700% in 2018, far outpacing forecasts for a near 140% rise for Bitcoin and 170% climb Ethereum. |
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Jan 2014, China bans bitcoin trading https://www.reuters.com/article/us-china-bitcoin/alibaba-division-bans-bitcoin-after-china-crackdown-as-ipo-looms-idUSBREA070F620140108Apr 2014, China won't ban bitcoin https://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoinMay 2015, bitcoin supposedly banned in china https://www.ccn.com/top-10-countries-bitcoin-banned/Nov 2015, bitcoin not banned in China https://www.coindesk.com/taiwan-finance-regulation-bitcoin-ban/Jan 2016, China wants to release their own coin with potential threats of btc ban again: http://bitcoinchaser.com/crypto-currency-chinaJune 2016, bitcoin not banned in China https://news.bitcoin.com/china-recognize-bitcoin-peoples-rights/Jan 6 2017, china threatens to ban bitcoin https://themerkle.com/how-the-peoples-bank-of-china-denied-bitcoins-ath/Oh, but a week later, Jan 13 2017, China isn’t banning bitcoin https://themerkle.com/why-china-isnt-interested-in-banning-bitcoin-importance-of-regulationSep 2017, again China bitcoin FUD due to ICO ban https://www.forbes.com/sites/panosmourdoukoutas/2017/09/09/why-china-crushed-bitcoinAnd crypto exchanges were dead in China by early nov 2017 https://www.forbes.com/sites/kenrapoza/2017/11/02/cryptocurrency-exchanges-officially-dead-in-china/#19938f52a839JUST BEFORE the BOOM to nearly $20,000! currently, Jan 2018, china threatens to ban bitcoin causing btc decline http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-china-exchange-ban-cryptocurrency-trading-government-a8161721.htmlThis is just a tip of the iceberg, this Asian BTC-FUD has probably happened a dozen or more times over the last 4-5 years. And now we are going to see another BTC all-time high in the coming months! Only the old-timers are aware of the China FUD. Lots of the new bitcoiners only got into it in the summer, so all these bans seem scary to them. |
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What caught me a bit off-guard is that when it dipped below $10.000 there was no huge amount of StopLoss orders getting triggered (which I expected) nor huge panic. It bounced very quickly back, most likely because it had tanked so hard already. Not sure what to do now, I've closed my shorts for the moment. We've crashed hard already, made some good profits, now I'm going to wait what happens first.
There are a lot of new investors desperate for cheap coins and who have set buy orders just below $10,000. And there are some hedge funds trying to diversify out of stocks and into assets uncorrelated with stocks. If bitcoin can hold above $10,000. it will probably move sideways until February. |
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Well so far for the notorious ponzi bitconnect, it crashed after repeated cease and desist orders to which it responded by closing down the exchange and lending platform.
Price crashed from mid 200 to 29 dollars, up for a bit in the high 30s.. but I expect to see this at 0 tomorrow
So many Bitconnect threads being posted today. Did you invest in it and get your coins out from it or are you just giving us information on it? Didnt see any threads and I thought it was worth a thread. But no I didn't put any money into this, I told some people specifically not to put money into it but they didn't listen. People get greedy. It didn't help that some exchanges designated Bitcoincash as BCC, so some people got confused between Bitcoincash and Bitconnect. |
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Hello
I looked at BTC, ETH, XRP and BCH on coinmarketcap. At around 7:30 UTC their prices dropped dramatically.
How could one have known in advance or at the same time or at least as soon as possible?
You couldn't have known in advance. It was triggered by comments from the Korean finance minister hitting the news sites. The only people who would have known in advance were those working for the Korean finance ministry. That said, Bitcoin rose too fast and many people were looking for an excuse to take profits. |
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looks like Yes. but no need to panic and to taken dizziness. wait first because it was all there time including for altcoin to be able to ride again. may take a few more months.
Currently the whole cryptocurrency market is falling deeply. This is an opportunity for smart investors to get the cheapest coin, get the chance right now. I think a whole bunch of stop losses got triggered, which has plunged the market down. Lets wait and see what happens in the next few days. I expect the market will bounce from it's lows. |
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OMG! reversal confirmed!
Come now - we are in a bear market. $11,000 is 42% down from the all time high of around $19,000. By any definition it's a bear market. With a bit of luck it will go sideways for a time, but we could go as low as $8000. |
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I believe that this man has lost all credibility by corrupting himself and selling his opinion to the highest bidder. I think if he is trying to encourage the naive to believe that bitcoin can reach that price in the medium term, it is because he has to have thousands of treasured bitcoins thanks to the dirty businesses that have recently been known, and he has to be very worried to see that the price of bitcoin is collapsing, and his personal wealth too.
At one point he was pushing Reddcoin and other minor alts that got delisted from Poloniex. It's hard to take a word he says seriously. |
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Now all we need is the end of Chinese mining and the most toxic player in Bitcoin history will be gone forever. I will dance on its poorly constructed grave. China has been nothing but a cancer on every aspect since minute one. I hope it never comes back in any capacity whatsoever.
You might get your wish! See https://www.forbes.com/sites/sarahsu/2018/01/15/chinas-shutdown-of-bitcoin-miners-isnt-just-about-electricity/#216bb457369bChina’s government is planning to shut down Bitcoin miners in its latest crackdown on the cryptocurrency. The Leading Group of Internet Financial Risks Remediation has requested that local governments make an “orderly exit” from the industry. China produces the most Bitcoin in the world using Bitcoin mining , which involves an energy-intensive process of solving complex math problems to add transactions to the Blockchain, a public ledger. But the crackdown is about more than the high levels of energy required to mine Bitcoin.
China is planning to limit electricity to Bitcoin miners, and government bodies have expressed concern about energy usage. Bitcoin mining is estimated to use up to 4 gigawatts of electricity, equivalent to three nuclear reactors' production levels.
However, this move isn’t just about the electricity. In fact, it is telling that it was China's central bank that met on the issue of Bitcoin mining, underscoring the fact that the issue is not only, or even primarily, an energy issue. It’s about clamping down on perceived risks of the cryptocurrency, which regulators have associated with malicious acts like fraud and money laundering. Authorities have already cracked down on thousands of criminal cases associated with alternative cryptocurrencies, including Onecoin and Ticcoin. These cryptocurrencies were viewed as Ponzi schemes used to raise illicit funds. Later, officials shut down cryptocurrency exchanges and banned fundraising through initial coin offerings (ICOs). On Monday, it was reported that Chinese authorities would block cryptocurrency platforms that permit centralized trading. |
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Some analyst says who predicted last year's price rise.
an analyst who correctly predicted the cryptocurrency's rally at the start of last year told CNBC.
Kay Van-Petersen is one of them, In this year they also predict .
What will be the market ?
I think the best we can hope for from bitcoin this year is some sideways movement. The move upwards was so quick there will be some profit taking. And bitcoin still has to resolve it's scaling issues - there won't be a big movement up till the Lightning Network has been released and proves to be a success. |
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Hi,
I am looking for alternatives to Coinbase to buy Bitcoin from fiat currency (USD) that better transaction fees than Coinbase. Is there any that accepts Amex too?
Thanks
Stephane
I think coinbase is the only place that accepts credit cards. If you are in the US and are willing to make a wire transfer, try Gemini. If you are in Europe and can make a SEPA deposit, try Bitstamp. |
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These are difficult time for crypto market!
What do you think about Korean's news? Will crypto prices rise up again? Or this is the beginning of the end?
If they do ban cryptocurrencies in Korea, they'll just open accounts in Japan and carry on. Japan explicitly legallised bitcoin last year... |
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I want to buy a coin that is only on these two markets at the moment. I have read quite a bit of bad publicity about HitBTC and I don´t now much about livecoin. Which one is more reliable and which one has better rates? Is livecoin better??
I've used Livecoin and I can confirm they are reliable in that my withdrawals worked instantly (I was withdrawing doge). |
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Do anybody knows the reason why this big marketcap crashed even after south korean issue almost resolved then also market moving towards 5 billion from 8 billion . Is there any particular reason??
It's just profit taking. Lots of traders work off TA and when the charts tell them to sell, they sell regardless of what "news" is around. |
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Very few cryptocurrencies actually go extinct. There is always someone either using it (like Doge) or it's a tempting currency to pump.
The only thing that makes a coin go extinct is if the exchanges delist it, and that only happens if trades dry up for that coin.
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 I love DOGE because of low fee (1-2 DOGE), but 100 DOGE for fee it is to high. When I send DOGE on YoBit I pay only 1.90 DOGE for fee... That was too high, this what happens when there's a big demand to a coin that people are using. And as far as I know, there are too many bitcoin traders that are converting their btc's to DOGE for lesser transaction fee and withdrawals but what's happening now with yobit is expected. Don't use them anymore and if you can avail to pay that 100 DOGE for withdrawal take it already. Edit: I tried to check it out, it only says 0.002 LTC for withdrawal fee and the same goes with other altcoins except BTC. That's probably what happened - people stopped withdrawing bitcoin (because Yobit's btc withdrawal fee was sky-high, higher than most other exchanges) and switched to Doge. They've probably had a run on their doge wallet so have raised the fee to discourage people. I guess folks will use another alt to move money. |
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The bitcoin price is correlated with the Google Trends chart.
When bitcoin is in the press and people are talking about how high the price is, you get a lot of new users and that pushes the price up further.
At the moment the press interest has died down and lots of the exchanges are closed to new users because they can't cope with the growth. The bitcoin price won't march upwards again until the exchanges re-open to new users so they can actually buy the coins.
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