|
For alts, the price tends to move to coincide with news.
Therefore subscribe to all the subreddits, and keep an eye out for news relating to the alt you are tracking. Most coin developers try to pump their coins to coincide with news, in order to gain attention and draw in new users to the coin.
|
|
|
|
https://www.ft.com/content/7c025b17-beba-36cc-9145-26db83a838d2Goldman Sachs has answered the question many commodities investors are asking. And it’s a No, bitcoin is not sapping demand for gold, despite its explosive trajectory.
Jeffrey Currie, global head of commodities research for Goldman, argues that the investor pools for gold and bitcoin are “vastly different”. For starters, gold investors are automatically covered by anti-money laundering and counter-terrorist financing regulations when they use ETFs, futures or commodity indices. Bitcoin trading, however, is not regulated in the same way, throwing up regulatory hurdles for professional investors.
Bitcoin surged to a record high of $17,270 on Monday, according to Reuters data, up from around $1,000 at the beginning of the year as Cboe Global Markets launched bitcoin futures trading. Gold, on the other hand, slipped to its lowest level since mid-July on Monday, ending the day at $1,242 an ounce.
He added that there has been “no evidence of a mass exodus from gold”:
Second, there has been no discernible outflow of gold from ETFs. Indeed, total known gold ETF holdings recently reached their highest level since mid-2013 (currently up 12% YTD)
|
|
|
|
why there is no doge in this vote, transfer faster and low fee. I always use it to transfer my asset between any exchange. I hope you will use doge in you website too.
That's what I was going to say! I use doge to move coins from exchange to exchange. The wallets always work, there are never any mempool backlogs, and the fees are 2 doge (30 satoshis). It's the only coin that works without problems (probably because they haven't messed with it since 2015). |
|
|
|
Now the price of bitcoin move towards 16800,so I think the price of bitcoin will move towards 25,000$ at this year end.
The price of bitcoin will reach 20k$ at this year end or 25k$ ??
So what is your opinion about this?
It's tried to break resistence at $17,000 several times. My guess is that it won't manage it. The mempool is still full, which means lots of people who sent coins to exchanges hoping to sell, haven't yet sold. Lets see what happens when the mempool clears. |
|
|
|
Correction is over. Now to 20k and beyond.
I too have the thinking that price correction has got over. Now it's heading towards the next targeted price of $20k,and now the price has crossed the $16500 mark. By the start or at least by the first quarter I believe bitcoin will go above $20000 to make the price reach as speculated by most people. Still not over I guess. We have CME also coming up so who knows. I just don't like these Wall Street manipulators. I am confident though that Bitcoin reaches $20,000 this month. Will the futures on CME be any different from the futures on CBOE? The thing about the mainstream traders is they have no experience at all with an asset as volatile as bitcoin. And they have no experience in trading something where the exchanges are open 24/7. They also don't have experience of trading something that is on multiple exchanges around the world - most of the stuff they trade is on just one exchange. They're going to get a shock. |
|
|
|
Who cares about making transactions via cryptocurrencies, really?
Quite a lot of people, which is why silicon valley poured money into creating apps that interfaced with business checkouts. The whole fee debacle caused Steam to stop bitcoi payment because of the fees: http://www.bbc.co.uk/news/technology-42264622The race is now on for Bitpay to enable BCH (and perhaps other alts) - and if they can then win Steam back as a customer, we are set for bitcoin being excluded in payments but alts being enabled. Which should boost alts a lot. |
|
|
|
The rest of my bitcoins I intend to hodl. They are currenctly on an exchange, and I want to move them out of that exchange and hold for a year++ (unless hell breaks lose). So that's why I wonder if there's any point in buying a harware wallet for storage, since it would also need a paper backup... In other words, it isn't really safer to store.
The reason people tell you to get a hardware wallet, is because of bitter experience of holding coins on exchanges. In the time I've been in bitcoin I have seen MtGox crash because of hacking. Cryptsy and Mintpal disappear with people's coins because insiders in those exchanges decided to steal them. BTC-E got closed down by the FBI because it turned out they were shady mafia and it was them who hacked MtGox. Bitfinex has been hacked several times, as has Bitstamp and Poloniex. Bitstamp and Poloniex made good the coins - but what happens next time when the heist is bigger and they simply haven't got either the reserves or insurance to compensate people? Remember that all these exchanges are un-regulated, with the exception of Gemini which has a NY State licence. |
|
|
|
my speculation about dogecoin? is just a shitcoin dont expect lot of it while this litecoin try holding some of it in 2018 expect some higher price of litecoin
Doge will be around after most other coins are dead! Because people use it to move money from exchange to exchange to save on fees. The doge price is currently sitting on support of about 15 satoshis. The dollar price tends to be steady, which means the price in satoshis tends to move up when btc is down against the dollar, and it moves down when btc moves up against the dollar. It's good for hedging. |
|
|
|
Those are good resources to explain to anyone that isn't aware with what Bittrex is doing currently. STAY AWAY from it, it's looking very dangerous to health of any of your money. To bad most people ignore it. I know a few people who have lost more than a couple of Bitcoins to thier nonsense. A couple of them even tried to verify themselves but it was rejected. And some says that it takes weeks/months just to get an answer to a verification attempt. There's a massive conflict of interest because Bittrex is pretty much incentivized to deny verifications so they can essentially steal people's funds. The fact that they didn1T have a grace period for people to withdraw funds before they enforce the new withdraw limits belongs on the top 5 list of the scammiest shit that has ever happened in crypto, right along with gox, cryptsy, josh garza, etc. The whole situation is utterly ridiculous and I'm kind of shocked how ignored the issue is. I think the issue is that there arn't many altcoin exchanges. There are some decent decentralised exchanges - but because not many people have joined, they arn't very liquid, which in turn puts people off joining. The community needs to make an effort to make these decentralised exchanges work, instead of hoping someone else will provide the liquidity. |
|
|
|
|
Well far from going short, the opening of futures on the Chicago Board Options Exchange (CBOE) has made the price jump back up by 17%.
I think lots of people who badly want some bitcoin action but don't want the hassle of dealing with unregulated exchanges are piling in. The only problem is that these futures are five week futures, so in about 5 weeks time, some people are going to see losses!
|
|
|
|
|
Monero is being used much more than litecoin. Exchanges like poloniex allow you to trade other alts against Monero (exchanges used to allow you to trade against LTC, but dropped them).
Monero is also used heavily in the dark markets.
|
|
|
|
https://cointelegraph.com/news/bitcoin-has-less-environmental-impact-than-fiat-currenciesThe risks of environmental impact because of Bitcoin mining have been widely touted, but a recent report indicates that the actual damage from Bitcoin mining may well be far less than that associated with fiat currencies and other industries.
Data centers, gold mining and cash production all consume substantially more energy than Bitcoin mining.
The report indicates that the annual consumption of power from Bitcoin mining is 8.27 terawatt-hours per year, more than Ireland and other small nations. Nevertheless, this number is actually only an eighth of what data centers in the US consume annually, and the global production of fiat currencies stands at 11 terawatt-hours per year.
Gold mining burns a staggering 132 terawatt-hours per year. What’s more, these numbers don’t even include the massive amount spent on vaults, banks, security systems and more to keep the physical cash and precious metal safe.
|
|
|
|
Good God, I've had enough. You will all lose your shirts when bitcoin hits the markets. You are not smarter than the big boys that run the financial industry.
SELL NOW YOU BLIND SHEEP!!!!!!!!!!!!
They say the bull market only turns when the last bear capitulates. You are still a bear, and thus haven't capitulated. Which means the bull market continues! |
|
|
|
Is it logical to pay $19 for $1500 transfer? No! Then why are you blaming us?
You are right with that, and we must think about those guys who are earning $2 a day in the poorest countries. How the hell are they going to afford twenty dollars just for a single fee? It makes no sense, that is why it needs to get back to normality, and that is the ONLY reason of why we need the Lightning network as soon as possible.
Once that it gets implemented in almost all the wallets, we are going to be able to send bitcoins with fees with about ten times lower of the actual price. Just be patient, it will get implemented soonThey've been saying this for three years now... |
|
|
|
Litecoin has gone recently and today it reached 150 a major milestone.
Any big news of it that caused the momentum or is it the bull run for the al coins since BItcoin had a correction.
It's the bull run that is causing it. Coinbase (which is where most noobs sign up) only offers bitcoin, litecoin and ethereum. If you are a noob just looking at price, litecoin seems "cheap". Bitcoin is about $14,000, Ethereum is at $462. Litecoin is at $144 - therefore it is the "cheapest" and people are buying. I expect if coinbase offered Doge, all the noobs would buy that thinking they got a fantastic bargain! |
|
|
|
It the opposite mate i.e the bitcoin unconfirmed transaction will cause the dump in price of bitcoin because people will choose to use altcoin in other to get their transaction confirm which the reason behind Ethereum bullish lately.
If you are sending coins from your own hardware wallet, you can't use alts to by-pass the bitcoin mempool problem. It's only people with coins on exchanges that have the option to switch into alts. |
|
|
|
|
It has crashed by over 90% before. In 2011, the price went from $32 to $2 - a 93% crash - and a lot of people who bought at teh top were very upset. I believe there were some suicides because people had borrowed to buy, and then when it fell genuinely believed bitcoin was over.
So yes it can happen. And yes there is no guarantee that bitcoin will be the coin to win in the end, especially with the scaling issues (you can no longer buy stuff on Steam because of the fee issues for example).
|
|
|
|
Is that right:
1. Basic account does not longer support any withdraws.
2. You need enhanced account to withdraw but this does not work properly for most users
3. Ouside of the US You cannot get an enhanced account anyway?
You should be able to withdraw 0.4btc with basic account. With enhanced account limit is 100btc per day. You know what is funny? I've just read ToS and I couldn't find anywhere that you need to verify account and give personal information if you want to withdraw, or it is well hidden. If someone new comes to bittrex and read tos he will deposit money and will be very surprised when they don't allow him to withdraw. Their verifications arn't working at all, either basic or enhanced. Not sure what is going on at that exchange, but it seems very shady indeed. |
|
|
|
|
Show Posts
