If people wants to choose more advanced coins, I have heard that there are much better technically advanced currencies. Why people don't buy those coins instead of BCH ?

And second, if we assume this increase of BCH as a pump, then possibility comes to my mind that, could we think that unusual increase of transactions in BTC also an attack by those pumpers ?

Will BTC lose its reputation ?

To be honest, his reasoning doesn't make any sense to me.

Him owning LTC means he will always be vastly interested in making LTC grow. I just don't get it, sounds stupid.

Hello Guys, is there any legit btc accelerator platform working right now apart from viabtc
Viabtc seem to be over crowded right now, is close to impossible to to queue in a transaction.
Confirmtx seems to have stopped working, there are so many complaints from users who paid and there transaction hasn't been confirmed for days now.

Bitcoin cash got a lot of infrastructure support this week from several different facets. For instance, BCH will have two exchanges that will only deal in bitcoin cash pairs from the companies Okex, and Viabtc. BCH got more automated teller support from the ATM manufacturer Lamassu who integrated the codebase into their software. The wallet company ‘Edge‘, formerly known as Airbitz, announced future integration with BCH, and the most downloaded wallet in the globe, Blockchain Wallet, launched full bitcoin cash support on December 14.

so someone else noticed how dogecoine tripled in 1 week time?
sunday 10 december it was 0.0025 dollar, today exactly 1 week later it hit 0.0075 dollar lmao
I put in 30 euro 2 weeks back which is 90 euro now

Ffs if someone put 1k in both dogecoin and bitcoin 1 week ago, the dogecoin would've given him 3k by now vs the barely 700 dollars bitcoin would've given him

With bitcoin at the moment u need massive initial investment to profit since it became such a huge number; it can move by the thousands and if u invested just 1k for example u would barely make some profit while many other altcoins will give u a much bigger profit; then why is everybody so hyped by bitcoin lol they get of only because they see it as such a big number? forgetting that how bigger the number how smaller the % increase?

especially if u add the drawbacks of bitcoin (expensive fees, slow time etc) and the advantages of alt coins it really makes one wonder why people keep investing so much in bitcoin and forget about the other coins

This altcoin needs a new developer to improve the development of Dogecoin.

Because of it's sudden surge, my friend and I have bought $500 and $50 worth of DOGE, respectively. I have never expected this to happen. Dogecoin is one of the oldest cryptocurrencies that exists up to date, but the growth is slow for many years. For this sudden surge, I'm surprised and thinking it would become a "BIG DOG" coin in the crypto world.

doge coin has a pretty interesting day growth. It has increased 60% what is happening to coin doge this. I have seen it as a coin waste now its price is rising quite unexpectedly.

I have noticed a huge increase in the value of Bitcoin within last two weeks. Before two weeks it was on 12000$ while today's current value of a bitcoin is 19407.69 US Dollars. What do you think that a the end of Dec 2017 what will be the price of a Bitcoin?

ARE WE GONNA BE SEEING BITCOIN @ $20,000 A PIECE BEFORE 2017 ENDS???

So I have paper wallets from 2014 and I really don't want to move them to segwit addresses. I made them with Armory and I am quite happy.

What are you doing with your older paper wallets? Are you happy to keep them on legacy addresses? What do you think the fees will be in a couple of years for legacy addresses? Admittedly 30-60 dollars is not that much for a largish transaction today. But what will the fees be later? Any guesses??

Things are not that simple, CME launch could mean BTC exposure to the bunch of classical economics experts, loaded with money, most of them thinking that BTC is a bubble and it would be a great opportunity for them to short BTC.

With the Bitcoin revolution in full force, the cryptocurrency market is also booming. Actually, ‘booming’ might be an understatement—exploding like a supernova is more like it. The crypto-economy is comprised of more than a thousand different digital currencies, many of which are essentially offered as a way to buy what amounts to shares in a company that uses blockchain technology. Every day dozens of coins see price gains at rates that are extremely rare in the traditional stock market. Each month there are at least two or three that really surge in value and capture the attention of the online crypto-community at large. When these surges happen, word spreads quickly across the global infosphere, through social media platforms like Reddit, Twitter, and Facebook, creating a tidal wave of people rushing in to buy out of fear of missing out—or ‘FOMO’ in slang. Consequently, many of those investors become evangelists for their chosen coin, since one’s financial success then becomes dependent on that coin’s continued growth.

With such a system, news of major company developments, partnerships, or events, or simply rumors of such news, can create self-amplifying crypto-crazes that swing coin prices in ways that make both blockchain companies and investors a lot of money. When the news is big enough to capture the attention of mainstream media reporters, freshly published articles become shilling tools for online investors who are eager to spread the word, and in their minds, the wealth. These people, or at least most of them, aren’t trying to be dishonest with their promotions; they have been seduced by the potential of the coin and the promises of its creators. But it’s not only investors spreading the FOMO. Crypto bloggers, YouTubers, and financial advisors who want to take credit for predicting the next hit coin also end up inadvertently contributing to the hysteria. As a result, prices quickly go through the roof, whether or not the coin has the fundamentals or the real-world use cases to live up to the hype.

But when this sort of thing happens in the crypto world, don’t expect it to last long. No matter how sound the coin or the company or the news about it, after a FOMO-driven surge the price will always come down. It’s become a predictable cycle to crypto traders and enthusiasts. As hype grows, and FOMO rapidly spreads, it is eventually met by a wave of fear, uncertainty, and doubt, or ‘FUD’ in crypto-speak. Buzz will inevitably fizzle out due to an advisory campaign that starts out as skepticism, evolves into criticism, and if that doesn’t serve to calm the price down, misinformation and personal attacks that defame the character of a coin or company often enter the game. Let us call this fear-fueled pattern the “FOMO-FUD cycle.” Fear drives the price up in one form and down in another.

It’s collective psychology in action, and the rise and fall of a given coin-hysteria can be traced visually in the charts displayed on market analysis websites and exchanges that plot crypto prices against time.

The FOMO-FUD cycle isn’t just something that happens entirely on its own. While part of it is organic, there’s no denying that some cryptocurrency influencers and investors orchestrate or at least fan the flames of strategic FOMO and FUD initiatives that have been intentionally designed to manipulate cryptocurrency prices. It’s pretty simple to understand why this happens. The FOMO-spreading crowd wants to make more money and the FUD-spreaders are generally those who missed the boat and are hoping their social engineering cyber-tactics can temporarily bring the coin’s price down enough to allow them to buy in at a discount. Of course, not every FUDster is trying to make a quick buck at the expense of other investors—some are voices of reason genuinely trying to advise caution to naïve investors. And some are simply trolls indulging in schadenfreude, who derive pleasure from contributing to the financial misfortune of others.

During this cycle, spreaders of FOMO and FUD are engaged in psychological and information warfare as they compete for the attention of the curious investor, who is intrinsically vulnerable owing to being always on the lookout for insightful opinions that could inform better investment decisions. It’s a bit ironic that in the crypto-world, taking the time to hear the opinions of others can actually hurt more than it helps.

The crypto-flavor of the week starting off the month of December was a currency called IOTA, which, despite all it has going for it, still fell victim to the FOMO-FUD cycle. IOTA’s price climbed from just over a dollar to well over five in less than a week’s time. This surge was attributed to newly published articles from major news outlets like Forbes, Reuters, and CNBC, which announced that the IOTA Foundation, a non-profit organization based in Berlin, had teamed up with corporate giants like Microsoft, Fujitsu, Bosch, and Samsung.

IOTA stands out in a sea of cryptocurrencies because it uses a distributed ledger technology that is a variant of the blockchain, known as Tangle, which supposedly solves the scaling issues associated with Bitcoin and allows transactions to be made for free. IOTA wants to use the Tangle network not only to exchange money back and forth like Bitcoin but also as a way for data to be shared and sold instantly and securely across the globe. To jump-start this effort, IOTA started the data marketplace project in 2015, but it wasn’t until recently that this initiative became newsworthy, thanks to bigger collaborators

When the CNBC article hit the web last Monday morning with the headline “Little-known digital currency surges 90% after teaming up with firms like Microsoft,” the FOMO cycle took off like a spaceship. The FOMO spreaders didn’t have to work hard this time. No need to engineer dank memes when you can simply post quotes from mainstream news stories that cited a slew of new partnerships with corporations that are household names. Since the word “partnership” can apparently mean very different things to different people in the context of business, it became easy to portray the relationship between IOTA and its data marketplace participants—both current and tentative—as something much bigger than a collaboration as part of a “comprehensive pilot study,” as it is unambiguously described on the IOTA blog. 

But those who worried that provocative headlines and sensational wording might have exaggerated the scope of these collaborations didn’t have to wait long for the FUD to kick in—and man, did it kick in hard. If FOMO made it rain for investors, FUD caused a drought.

In 24 hours, the price of IOTA tanked from a high of $5.50 to a low of around $3, beginning just after a vitriolic tweet brought up an old security vulnerability in the Tangle network that was discovered by an MIT lab. Of course, the tweet conveniently failed to mention that the vulnerability had since been removed and confirmed as such by the same lab. This may have started the descent, but the price really crashed after the publication of an article on a little-known website called Squawker, titled “PROOF: IOTA Is Falsifying Partnerships With Big Tech.”

As its title suggests, the report casts serious doubt on the legitimacy of the news reported by Reuters and CNBC:

    “Everyone is excited over the promise of what these partnerships may bring to IOTA and data decentralization overall. The only problem is, several of these partnerships are not real.”


While the original version of the article directly blamed IOTA for the partnership announcements that Squawker was claiming was “fake news,” they later changed the title to “Proof: IOTA’s Partnerships With Big Tech Not Real,” and added a disclaimer that stated that the author now believes the ‘fake news’ should be attributed to misreporting by the media and not IOTA itself.

The only problem with this revision—which likely made the Squawker article’s fake news claim appear more legitimate in the eyes of readers—is that the collaborations between IOTA and these companies are, in fact, entirely real.

With some investigation, one can easily find clear evidence that Microsoft and IOTA had begun discussing how they could establish a working relationship. In the IOTA blog post that introduced the data marketplace project, there is a direct quote from Microsoft’s blockchain specialist Omkar Naik:

    “We (Microsoft) are excited to partner with IOTA foundation and proud to be associated with its new data marketplace initiative.

It seems that the word partnership was being used casually here, and was not intended to imply a strategic partnership involving contracts and joint business ventures. While it may not have been the most suitable word to describe the relationship between Naik and IOTA, fault can hardly be attributed to the members of the IOTA foundation. In Squawker’s defense, it was noble of them to state that fact unequivocally in the revised version.

In fact, the final revision of the Squawker article actually displays tangible evidence for relationships between IOTA and all the aforementioned companies. It seems that the reporter simply chose to focus on a semantic issue rather than trying to clarify the nature of the relationship between IOTA and its data marketplace participants. 

Reuters did in fact incorrectly report that Cisco was an active participant in the data marketplace project, but the mix-up was an honest and easy one to make. The founder of IOTA, David Sønstebø, clarified on Reddit that IOTA cofounded the Trusted IoT Alliance along with Cisco, but that they are not data marketplace participants at present. Reuters swiftly updated their article to reflect this inaccuracy.

I will go ahead and assume the best intentions when I say the Squawker article was a public service announcement and a cautionary word to investors, not an intentional smear campaign. Nonetheless, it was unabashed, grade-A, FUD fodder. The fact that the article appears to be well-investigated on the surface gave FUD spreaders the ultimate weapon to add to their arsenal. In no time, hundreds and maybe even thousands of tweets, posts, and comments spread across the web that expressed sentiments like, “IOTA lied about partnerships,” “Scam,” “Fake news,” and with a daring confidence, statements like, “I knew it” and “Told ya so.”

But the FUD cycle didn’t stop there. The Squawker article had spawned numerous newsletters and blogs summarizing it, warning investors to be wary of IOTA, creating a psychological atmosphere of doubt and causing further dumping of IOTA coins due solely to miscommunications and misinformation. 

Even crypto-celeb Charlie Lee, the high-profile founder of Litecoin—the fifth biggest cryptocurrency by market cap (it was temporarily supplanted by IOTA before the FUD)—even joined in on the fun by tweeting, “The Microsoft partnership is fake?” It doesn't seem quite fair to label something "fake," since it implies deception and not miscommunication. If anything is to blame for the terminology mix-up, it is the fact that sometimes information gets distorted when it’s turned into headlines.

Charlie's tweet received a reply that went as far as to imply that IOTA actually paid Microsoft for the partnership. The FUD avalanche was striking to watch in real time, but also baffling, as it was hard to fathom how anyone could actually believe a company of the size and stature of Microsoft would engage in such an agreement. 

And with that climax, the FOMO-FUD cycle had run most of its course. Of course, it never truly stops for any coin that has a lot going for it; the FOMO-FUD war wages on closer to equilibrium until new rumors or news surface and the cycle starts again.

While the FOMO-FUD cycle might be entertaining to watch, it is important to remember that this isn’t a game, even though it’s being played like one. These fear campaigns have real financial consequences for investors. Those who bought in at IOTA’s peak price and sold when the FUD hit hardest lost almost half their investment. For some crypto ‘whales,’ this would have been hundreds of thousands or potentially millions of dollars; for average Joes, only thousands or hundreds. But for all, it was almost half—and almost half is a lot. 

What might be most troubling about the FOMO-FUD cycle is that when it has subsided, what remains is an ocean of conflicting information and exaggerations on both ends of the spectrum, making it almost impossible to distinguish fact from fiction. For example, IOTA founders Dominik Schiener and David Sønstebø tried to set the record straight numerous times in places like the comments section of the Squawker article and on Reddit, but almost no one saw these explanations, as it had become virtually impossible to find the signal amid the noise:

    “Many of the companies that we on-boarded to the data marketplace usually require 2 - 4 weeks to approve official press releases internally. Exactly due this reason we on-boarded these companies first, and they are now starting to work on official press releases on their end (in fact, several are going to be announced before the end of the year, where we will showcase how the data marketplace can be applied to their respective industries).”

It seems that we are entering into a “post-truth” world with cryptocurrencies like we’ve recently seen in the world of politics. First, fake news became a problem when then-presidential candidate Donald Trump referenced bogus articles from right-wing extremist sites that were literally complete fabrications. Then, when reputable media outlets like the New York Times and CNN put a spotlight on the fake news problem, Trump chose to flip the script on them and label all their stories as “fake news”. As ridiculous as the strategy sounds, it worked, and the fear, uncertainty, and doubt Trump instilled in his supporters has them confused about the facts to this day.

The crypto world has seen a similar trajectory. In November, the crypto community at large became aware of a fake news problem when a strategically engineered FOMO campaign spread false rumors that the Chinese blockchain company and cryptocurrency NEO had partnered with the Chinese government, causing a sharp price surge before a crash when the truth came out. Now, with the case of IOTA, we have seen FUDsters use Trumpian tactics whereby legitimate news is called fake or a legitimate company called a scam. It makes me strongly suspect that we are seeing such dishonest FOMO and FUD, at least partially, because Trump has legitimized truth denial and baseless accusations, empowering swindlers and gaslighters who have found their way into the world of crypto. 

A post-truth state of affairs has been damaging to politics and society, and it will also damage the crypto-economy if it is allowed to persist. Similarly, the widespread psychological manipulation of investors through fear campaigns does not help the community grow.

Cryptocurrencies aren’t just a vehicle for increasing one's wealth. They fund blockchain companies that are creating a technological revolution, which will transform the economy and benefit humanity as a whole. They also educate the public by forcing investors to read technical papers and watch interviews that describe how these innovations will impact the world potentially as much as the Internet and artificial intelligence—possibly more. 

If we want to see a transformative technology take off and a crypto-economy flourish, those who participate must resist the urge to join in exclusively on one side of the FOMO-FUD cycle. It is fine for someone to be enthusiastic about their investments and the companies they support—it should even be encouraged—but that can be done while remaining realistic about the serious challenges and uncertainties that any new start-up in a nascent industry will inevitably face. IOTA is no exception.

The same goes for journalists, who should disclose if they’ve invested significantly in crypto or have any other conflicts of interest that would reasonably be expected to be divulged. This is certainly not to say that journalists who want to cover crypto should not invest in it—quite the contrary, as I firmly believe that many journalists beginning to cover Bitcoin and cryptocurrencies today have a superficial understanding of the space precisely because they haven’t invested. An investment, even a tiny one, forces one to delve deeper into the weeds of the tech and its practical applications. Being part of the community naturally exposes one to so many discussions and differing points of view that it creates a context around cryptocurrencies that could not come from casual observation alone. Personally, making a small investment in cryptocurrency set me on a journey into a technological realm I didn’t even know existed and opened my mind to new ideas and possibilities that I would not have imagined otherwise.

To ensure the cryptocurrency movement moves along the right path, we who participate in it must teach ourselves to be skeptical not only of sensationalized statements, but also of skeptical statements themselves. We must be aware of how easily we are manipulated when our fear systems are triggered, and adjust our investing behavior accordingly. Those who have the time should actively try to bring clarity to the discussion when they have reliable information or insight.

If the crypto-community can make these efforts collectively, order will emerge from all the chaos, and a body of more reliable and consistent information regarding distributed digital currencies will attract new investors and enthusiasts who are eager to help bring about the impending global blockchain revolution.

One of the world's leading bitcoin advocates has joined regulators in warning that investors could be left empty-handed if a "straightforward grassroots bubble" bursts because the technology underpinning it could buckle in a sudden rush for the exit.

Regulators said they were watching on in horror as unprotected investors continued pouring money into the cryptocurrency, which traded above $25,000 on Friday, and were powerless to to do anything about it.

This was despite four central bank governors this week describing the soaring bitcoin price a bubble, interventions that made virtually no difference to the price.

In the last month the price of bitcoin has risen 77 per cent to $US17,191 a coin; up 1,671 per cent so far in 2017.

"What we're seeing is a straightforward grassroots bubble driven by speculation and greed," said Andreas M. Antonopoulos, author of Mastering Bitcoin and The Internet of Money, on Friday afternoon.

"Given so many new participants know very little about the technology, that's even more dangerous as they are taking on a serious amount of risk.

"And as such, the added congestion means bitcoin is not currently functioning as originally designed."

The head of the UK’s financial regulator has said he currently sees no systemic risk in bitcoin and is not pushing government to make the cryptocurrency part of his remit.

Andrew Bailey, the head of the Financial Conduct Authority, repeated calls that investors should be prepared to lose everything if they buy bitcoin, the value of which has spiked upwards from under $1,000 per unit at the start of the year to a high of $17,578 this week.

But he told BBC’s Newsnight on Thursday that as long as people understood the risks of what he termed “a very volatile commodity”, he would not press government to legislate that the FCA regulate it. The FCA in general cannot start overseeing new markets without legislation from parliament or Brussels.

“I don’t think bitcoin is prevalent enough at the moment to be a systemic threat in the way we experienced during the financial crisis other threats; it needs watching carefully but I don’t think we’re there yet,” said Mr Bailey. “If I thought there was evidence of people saying: ‘You know what I’m going to put my pension into? bitcoin!’ I’d be very concerned, but we don’t see that at the moment.”

Mr Bailey rejected bitcoin’s description as a currency, stressing it is a commodity — which the FCA does not regulate.

It does, however, oversee instruments underpinned by bitcoin, and has already sounded the alarm over contracts-for-difference that are underpinned by the cryptocurrency. He also conceded during the interview that retail customers could be confused by its label as such.

Mr Bailey’s counterparts in the United States on Thursday pledged to be more vigilant about the risks to the system that cryptocurrencies could pose. They also said, however, that at present their impact on financial stability was “likely limited”.

December 15

Exit: 17600

Size: 10 btc (20x leverage. 0.5 btc margin)

Profit: $12,000 (after fees)