Is Korea banning cryptocurrencies or issueing tighter controls? Some say tighter control. others say ban. Which is the correct one?
Korea is just issuing tighter controls - and that's normal, no govt minister wants angry people shouting at them for not regulating, once they have lost money. |
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https://www.bloomberg.com/news/articles/2018-01-02/criminal-underworld-is-dropping-bitcoin-for-another-currencyBitcoin is losing its luster with some of its earliest and most avid fans -- criminals -- giving rise to a new breed of virtual currency. Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A slew of analytic firms such as Chainalysis are getting better at flagging digital hoards linked to crime or money laundering, alerting exchanges and preventing conversion into traditional cash.
The European Union’s law-enforcement agency, Europol, raised alarms three months ago, writing in a report that “other cryptocurrencies such as monero, ethereum and Zcash are gaining popularity within the digital underground.” Online extortionists, who use ransomware to lock victims’ computers until they fork over a payment, have begun demanding those currencies instead. On Dec. 18 hackers attacked up to 190,000 WordPress sites per hour to get them to produce monero, according to security company Wordfence.
For ransomware attacks, monero is now “one of the favorites, if not the favorite,” Matt Suiche, founder of Dubai-based security firm Comae Technologies, said in a phone interview.
...Princeton University researchers recently developed a tool that helps them analyze Zcash transactions at least to some extent -- but they haven’t been able to crack monero. And Zcash high-security features can’t be used on disposable burner phones, a favorite of criminals eager to stay anonymous.
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$40,000 transactions fees, I cant wait
Lol by that time the lightning network should be in full operation, imagine being able to move that much money and pay a dollar or even less as a fee, right now that seems impossible with the current fees but that maybe the reality in the future of bitcoin in just a few years. The Lightning Network won't be in full operation. Consider that people have been talking about Segwit for three years, the miners activated it five months ago - but the Core developers have been too lazy to activate it on the bitcoin qt wallet. So nobody uses it to send coins from their wallets to the exchanges. What makes you think they'll be more efficient when it comes to Lightning? |
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Hey guys, I have a company bank account and I would like to cash out around 150 BTCs to that bank account. Which exchange would you recommend for that action? Important should be the liquidity, I don't want to move the market with my sell. And the duration of the verification process and what they want to know for KYC. Is Bitfinex good? And I would like to know, if possible, from which country the wire will come. Thanks in advance  Bitfinex is having withdrawal problems as regards fiat. I don't think they've managed to enable withdrawals for months. Stick to exchanges like GDAX or Gemini (if you are American) or Kraken or Bitstamp (if you are in Europe). |
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Reduce the number of payments and only send/receive large amounts. Also, check the mempool before you send: https://dedi.jochen-hoenicke.de/queue/#24hWait till it has dropped before sending, and you increase the chances that you receive your coins quickly. The other option is to use another coin. Ask the people who are sending the coins whether they can use litecoin or doge instead. It's cheaper and quicker. |
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His excuse was that so whatever he says doesn't influence the price any more but that is stupid.
He sold because the price was at an all time high and he doesn't see any future in Litecoin so there was no point holding on to the coins. |
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https://poloniex.com/press-releases/2017.12.27-Notice-to-legacy-account-holders/We have recently completed a major upgrade to our customer identification and verification systems. As a result, we will soon require legacy accounts to become verified through the latest version of our verification portal. The exact date for this deadline will be announced in Q1 2018. While you will be given advance notice before this requirement goes into effect, we encourage you to verify your legacy account now to avoid any potential interruptions in your ability to trade on the platform.
Check your profile to determine if your account is Legacy or Verified:
As with any change, we understand you may have concerns about how this requirement impacts you and the consequences of not meeting this verification deadline. Here are further details on what to expect.
On the date of the deadline, legacy accounts will be placed in a state where:
Trading and lending will be disabled;
Open orders will be closed;
Loans will have auto-renew switched off;
Margin positions will be given an 8 week wind-down period where they can only be diminished or closed. After the 8 week wind-down period, they will be closed;
Deposit addresses will be revoked. Any deposits sent to a revoked address will not be recoverable until the account is fully verified;
Withdrawals will remain enabled at the daily withdrawal limits prior to the deadline.
If at any point you verify your legacy account, full functionality will be restored and your daily withdrawal limit will be increased to $25K USD equivalent.
As a registered money services business, Poloniex is committed to compliance with all applicable law requiring identification and verification of its customers. If you have questions about these or any other Poloniex terms, we encourage a careful and thorough review of our terms of service and privacy policy. If people don't want to be part of this verification process, they need to start moving coins off Poloniex NOW. Don't wait and then find you have got caught up in delays/sudden changes.
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Funny how every time the market is in a recession and losers keep holding on to their losses they magically become "long term" holders.
God damn it, "long term" is such a stupid meme. Admit it, you wanted to get rich quick and once you realised you are too dumb to swing trade you suddenly became a "long term" loser.
Such idiocity.
You think Dan Balzerian held anything "long term"?
Long term is for losers.
We've been having this discussion since bitcoin first started trading back in 2011. I guess it depends. Some of the early bitcoiners thought like you and when they sold the coins they bought for $2 for $32, that they were making a smart move. But the guys who held till $15,000 were smarter. The question is, will we ever see gains like we have seen in the last 9 years. If you think the answer is No, then selling is the right thing to do. If teh answer is yes, then holding is the right thing to do. My personal view is that while holding worked well in the past, if bitcoin can't fix it's fee problem, it will get bypassed and we've therefore seen the highs and it's downhill from here. |
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Also wondering this.
Should I move my BTC to YoBit or leave it in Bittrex?
I think they're distrubuting only to those who had btc on their exchanges in November when segwit2x activated. |
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Arb trading is grossly impractical, network congestion is at an all-time high with an insane amount of fees-- so you're never going to get your trancation to the person that you want to as you're going to lose a shit ton of profit and be forced to sit around waiting for confirmations. Plus in your time of waiting, you're going to lose out on a ton of money as the bitcoin price is just jumping all over the place
Volatility is too high as well as congestion. Can't make money in this sort marketplace.
I don't think there is any congestion on the Ether network - at least, not as bad as on the bitcoin network |
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Unless the massive selling (below the current price) still taking place is stopping, i don't see bitcoin reaching 20K by the end of this year.
And the massive selling won't stop till the mempool is cleared. Lots of the sellers are people who sent their coins a week ago and the watched as the price dropped. They're usually so relieved that the price has nudged back over $15,000 by the time their coins arrive on the exchanges, they sell immediately. |
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What do you think is the next coin to be added to coinbase and why? I think its either Ripple or Monero. Ripple has great connects to banks, which coinbase likes and Monero is the most popular private coin out there.
From what I know, it will be Ripple. Ver even made some inside trades with XRP. I think they will never add Monero. It is too anonymous coins for mainstream business like Coinbase.This. Coinbase has a New York bitlicence, and they will be very careful not to do anything that jeopardizes that. |
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There are significant differences in pricing on various exchanges. What is to stop someone from buying at a low rate on one exchange, sending it across into another exchange and dumping it for a profit? https://coinmarketcap.com/currencies/bitcoin/#marketsCan someone please explain the catch? If there is a significant price difference it's because it's hard to move fiat back and forth. For example the Korean exchanges won't let westerners sign up, so it's impossible to send fiat there. Bitfinex has no dollar bank accounts at all (people have been waiting months to withdraw dollars from them). You can do arbitrage on the western exchanges, but you need to have planned ahead and become verified on all of them in advance. That takes time because they all have lengthy backlogs. |
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ahoy! fairly new to all of this, so feel free to ask a question if i don't give the information needed. i have a couple transactions that were sent to my bitpay wallet from mining altcoins on zpool. zpool sent me .003 btc, but in my bitpay wallet it shows this transaction is too low to spend. i know the fee's are quite high right now. if all that dies down again in a week or month, will it be cheap to send again? am i making a high co-pay (lots of transactions that will ultimately result in a high fee) by getting paid in roughly .003 payments from mining pools? if i save this amount up in my offline wallet, is that the best idea? just mine and save? then hope it keeps going up, and sell / re-invest in a year or so? thanks. kind of confused.  was mining about a week or two ago and could buy a $50 gift card no problem using btc. now TX fee's are just too high for my small transactions. (excited to read about proposed solutions and i have faith something will work out eventually) It's possible that the mining fees don't drop for a while. Do they allow you to get paid in another coin? (You could save up all your inputs, and then spend them, but the more inputs in a transaction the higher the fee you need to pay - the fees are based on the total bytes you send. Bitcoin is broken for small amounts, so I really recommend being paid in another coin if that is possible). |
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It's a free market. As soon as bitcoin started having problems in 2013, the alt market exploded.
You can try to force bitcoin to be the "One True Coin" by ensuring it's not on the exchanges etc - but you can only succeed if you have a Soviet style system where they ban everything else. In a free market, if people want an alt, and your exchange has banned it, they'll just go to another exchange, or start an exchange themselves to list their alt.
I get why some bitcoiners are alarmed about how many alts there are. But people are buying them because they offer stuff bitcoin doesn't.
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Yes. It can happen until mid-January. People are cashing out for holidays.
People are also cashing in because of year-end accounting and tax issues. Also - the mempool is still stressed, which means that people who sent their coins a few days ago, wanting to sell are still waiting for them to appear on the exchanges. |
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this is big game bigger than Roger ver bitcoin cash also down.
many big players start to make this game
This. It's nothing to do with Roger, he's not powerful enough - it's people cashing out once their coins finally reached the exchanges after being stuck for a week in the mempool. Profit taking is normal - and remember we're still above where we were on Nov 28th. |
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Is it insider trading when people have known since August that bitcoincash would be enabled on Coinbase and GDAX. And that everytime there is a difficulty adjustment for bitcoin, BCH pumps?
It's possible to predict all this in advance and set your sell orders ready to take advantage of the situation...
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