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I'd say Yes. I sent some coins to the exchange with a $3 fee over 24 hours ago, but they haven't been confirmed.
And yes, I sent them to sell and take some profits (because I'm not sure this level of price will get sustained once the futures trading opens). I just hope my coins arrive before Sunday!
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What's happening on Dec 10?
Futures trading starts on the CBOE on Monday 11th December. And futures trading on the CME starts on December 18th. There is a feeling that the banks and hedge funds will start shorting in order to make the BTC price go down. Money may then rotate into alts. |
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here is a colourful fellow illustrating the above...  That's one scary chart! I agree with you, we're now in Mania phase, which means the blow out is close. And then a bear market for two years, because that's the pattern bitcoin has previously had. |
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My Bittrex account withdrawal has been disabled!
I have submitted ticket to support but with no reply!
Bittrex Request Ticket: #548004
Please help! #bittrex #bittrextrouble #bittrexexchange
Has anyone spoken to a lawyer or something?
Does anyone know where we can complain Bittrex LLC?
Anyone has contact for Bill Shihara, Richie Lai, Rami Kawach, and Ryan Hentz?
Some people are talking about a class action suit against Bittrex. See the following thread: https://bitcointalk.org/index.php?topic=2271749.0 |
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BCH is temporary and BTC is permanent as there is no guarantee that BCH will survive in future or will take over bitcoin and in long run only BTC will be ultimate winner and will achieve higher and higher price.
It's the opposite. Yesterday Bitpay (a bitcoin payment processor) lost a big client, Steam, because of bitcoin transaction fees. Bitpay's mistake was not to enable alts, so when it became too expensive to use bitcoin to buy stuff on Steam, people simply stopped and they lost the contract. They're now enabling bitcoincash moving forward, so that they don't lose any more customers. |
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What are the fees when you want to withdraw btc to your own wallet? I heard its a flat 0.001 btc ... is that true? So it cost over 10 dollars to withdraw?
Yes - that withdrawal fee is right. And it's now $14 to withdraw. In my opinion that's a big red flag - it sounds like they're trying to discourage withdrawals. |
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BTW, before any short-selling whales try to manipulate prices, there *must* be a large price increase (maybe like the one we are seeing now, although I doubt it, since it seems like everyone is just excited and enthusiastic) to pump up the Bitcoin price before executing the short, which CME futures has made easy.
It is very risky to short bitcoin without manipulation, because especially in times like these, you could lose everything you put up. It is pretty stupid in fact, unless you are pulling the strings.
This. I'm pretty sure that what is happening is a bunch of whales are buying coins in order to be able to sell and force the market down once the futures trading comes in. |
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I think lots of people will be trying to short bitcoin using futures - but because that is a cash settled market, it shouldn't have an effect on the underlying asset. Unless some people have loaded up on bitcoins to sell on the bitcoin exchanges at the same time as they arrange the shorts.
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There may be a dip or flash crash - but there are so many people buying on the dip, that it always seems to bounce back up.
I personally think there are lots of hedge funds loading up, prior to the CME futures being released. Then they'll go short on ythe CME, and simultaneously sell their bitcoins in the actual exchanges, to force the price down...
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Bloomberg has an article about hedge funds itching to short bitcoin: https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoinA bitcoin big short is building.
The planned introduction of bitcoin futures contracts at CME Group Inc., Cboe Global Markets Inc. and Nasdaq Inc. will make it much easier to bet on a decline. Hedge funds, which have largely stayed on the sidelines, are waiting for the Chicago Mercantile Exchange’s futures market to open for a fresh opportunity to bet against the cryptocurrency, according to more than a half dozen people trading the assets.
“The futures reduce the frictions of going short more than they do of going long, so it’s probably net bearish,” said Craig Pirrong, a business professor at the University of Houston. “Having this instrument that makes it easier to short might keep the bitcoin price a little closer to reality.” |
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It's the power of Tether. If you're able to obtain basically an unlimited number of Tethers, and people just blindly assume that they actually have that much in actual USD in reserve, you'll be up for a shocking surprise at some point.
I strongly believe that Bitfinex is up to something that the market will at some point pay the price for. Everything around that exchange just reeks of shady behavior, and this is something that more people start to notice.
There are so many solid exchanges to choose from, and yet people go for Bitfinex for whatever reason. They should never been granted a second chance after their staged hack that gained them hundreds of millions.
This. Tether is dodgy and so is bitfinex. What's more, the mainstream press is starting to notice, see this article from Bloomberg: https://www.bloomberg.com/news/articles/2017-12-05/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchangeI'd advise people to get their money off that exchange, just in case. Keep your coins safe in your own wallets. |
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The only way they can affect the price is if the hedge funds buy bitcoins themselves and dump it when gambling for low prices in futures. But then theres the whales, and most whales are holders, and some of them just hate the centralized financial system.
I'm pretty sure that they're accumulating bitcoins for that purpose. And the hedge funds are bigger than any bitcoin whale -they're bigger than the Winklevoss brothers. |
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Bittrex is one that i've used and that I can say is easy to use.
Not used any others really just found that one and stuck with it due to it being simple/easy to use.
There might be better exchanges and i'll read the other comments people post and try those ones they mention.
Be careful with bittrex - they suddenly locked a bunch of accounts, from the developing world, their verification doesn't work, they changed legacy accounts to "new" with no wiothdrawal with no notice, and they have high fees for withdrawal. It's odd behaviour and they may be in trouble behind the scenes. |
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BCH seems to have support at about 0.01btc. As to whether there will be a pump - I think there might be, some of the big backers of bitcoincash tend to pump everytime there is news relating to the coin. |
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I am also confused, what happened to bittrex, until now my funds can not be taken, it's been a month more. make a headache, already complain with email but its zero
I think they're in trouble. It's not just that they are closing down random accounts and have set legacy accounts to new. Or that their verification is broken to ensure people can't withdraw. It's that their withdrawal fees are among the highest of all the exchanges - which means they are desperately trying to stop bitcoin from leaving their site. If you are still able to withdraw, I would do so - perhaps convert to an alt to get around the withdrawal fees. I think the writing is on the wall for them, they are following the same pattern as Cryptsy. |
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They're only doing this because of the frenzy people went into to get their bitcoincash and bitcoingold coins.
Bitcoincash was a legit fork, bitcoingold was pre-mined and their official site linked to a wallet that stole bitcoins when you put your seeds in.
People need to ask themselves whether these freebies are worth getting their bitcoins stolen.
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It's to do with percentage gains. It's easier to get a high percentage gain with an alt than with bitcoin at the moment - some alts even have the potential of a 100% gain.
And if you are trading volatility is everything - and alts have very high volatility.
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Futures only indirectly affect the cost of bitcoin.
Billions will not flow into the bitcoin market, but into the created financial instruments. It's like a parasite on the body of bitcoin.
Perhaps in the long term they will draw investors from bitcoin.
This is true - but I suspect many hedge funds have accumulated bitcoins in the lead up to the CME launch so that they can affect the underlying market. The amounts traded on the CME will dwarf the amounts traded in bitcoin. So easy to put a gigantic short on the CME, then sell your actual coins to push the market down, which is doable because it's not a huge market. Close your CME short. Profit. |
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I personally think the price will keep going up leading to the launch of the CME futures on 18th december. Because the hedge funds are stocking up with bitcoins (to be fullyhedged, they need to own the underlying asset before they short).
After that, we'll see a correction. I personally think the support is going tobe $10,000.
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