I hear news everyday that people are getting hacked their coinbase account and loss coins. Is it true? Is it safe to keep coins in Coinbase?
Coinbase has it's hot wallets insured, which means that if they get hacked, the insurer will pay up so they can ensure no customer loses coins. I think they also have FDIC insurance for their fiat balances. It's pretty much one of the safest exchanges out there. |
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https://www.coindesk.com/swiss-firms-let-traders-short-bitcoin-new-futures-products/Swiss asset management firm Vontobel will launch a new futures product designed to let customers bet against the price of bitcoin.
To be launched on SIX Exchange this Friday, the offering will enable investors to reap gains even if the bitcoin price plunges. According to Reuters, the company will release two mini futures, a type of derivatives instrument that represents a fraction of the value of standard futures.
According to Eric Blattmann, head of public distribution of financial products at Vontobel, the news comes at a time when traditional traders are simply looking for more options when it comes to trading cryptocurrencies.
He said in statements:
"We have seen big demand for our long tracker certificate from investors interested in playing the upside potential of bitcoin and now they have also the possibility to hedge their position or go short."
Along with Vontobel, Swiss investment solutions provider Leonteq Securities AG also announced the launch of a separate product that has a two-month maturity, Bloomberg reported today.
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Coins that shows an uptrend are the one who gets an organic increase of price and not by those pump and dump groups who just feed themselves. Ripple (XRP) is one of those gainers whos price increased in the last 24 hours because of their recent announcement that Amex that they tied up with Ripple for Blockchain payments. BCC or Bitcoin Cash is one of those losers who slowly losing its ground day by day after being pumped in an attempt to dethrone Bitcoin.
XRP's price rise was also an obvious pump due to that news. It went down and back under .00003 BTC a day after the pump. And don't hate on Bcash too much. Instead, try to make some BTC from its movements. I think there's still some potential profit making moves left. Agree with the bit in bold. The Amex deal looks like it will use Ripple's underlying technology but not their coin - so there is no demand for the coin and no reason for it to rise at all. It was pumped based on investors misunderstanding what the Amex deal was all about. |
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Bitcoin is facing a lot of resistence at the $8000 level.
And in about a week the bitcoin difficulty retargets, and is likely to go up, which means we will again see pressure on the network (mempool backlogs, mining fees going up etc).
I think basically this formidable bull run we've seen since the summer is running out of steam.
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https://twitter.com/pierre_rochard/status/931543204687765504it's proven itself to be a miserable goddamn failure and it would've been a true danger to bitcoin's functionality, not that anyone in their right mind was ever gonna make the switch anyway. it's incredible it got as far as it did. it ain't going any further for now. Obviously they weren't actually serious about segwit2x (unlike BCH which was properly planned and executed). So why did they leave it so late to announce that segwit2x wasn't happening? To entice people into buying bitcoin (and pushing up the price) to get their "free coins"? |
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They don't have to replace each other, they can coexist and serve different needs. If anything Bitcoin Cash just put some much needed urgency back into Bitcoin development. The scaling is just getting worse and worse the more popular crypto becomes.
This. I also think that if bitcoin doesn't solve it's scaling problems, and focuses on it's feud with bitcoincash, another alt will surge up and defeat them both. |
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Yes, It was a major pump and dump for BCH. Bitcoin also seems to have bottomed
but we will know for sure in coming weeks.
Not only major pump and dump but this is the battle of the bitcoin itself. To attract the more miner to help run its network. In another way as you can see about the bitcoin this time gets massive pending tx in the network. That's why they are trying to choose another way to send their money and the bitcoin cash as an alternatives way. But this was relating to the political drama in the crypto. I just stay away from there and still believe on my ethereum. If bitcoin was genuinely anti-fragile, it wouldn't be threatened at all. Regarding the miners - scrypt coins have had to deal with miners switching hashrate for years, and some coins have become very resilient to this. It's bitcoin's turn to show us what it's made of. If it can be hurt this easily, best we find out now rather than later. |
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Currently you can see btc price is increasing and now 1 Bitcoin equals upto 7.9k US Dollar. Bitcoin price is now increasing so fast that i think it will be 2x of its price within the middle of next year
Bitcoin is back down to about $7700. It looks to me like it has made a double top and will head down to about $6000. |
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Zcash is being adopted by unlikely websites. For example, here is teh donation page of the internet archive (way back machine): https://archive.org/donate/bitcoin.phpIt allows you to donate in bitcoin, bitcoincash, and zcash! I've no idea why they included zcash, but there it is! |
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https://www.reuters.com/article/us-investment-summit-man-group/man-group-says-bitcoin-futures-would-draw-it-toward-cryptocurrencies-idUSKBN1DE232British hedge fund firm Man Group (EMG.L) will add cryptocurrencies to its investment universe if the Chicago Mercantile Exchange launches a bitcoin futures contract as planned, CEO Luke Ellis told Reuters on Tuesday.
Speaking at the Reuters Global Investment Outlook Summit in London, Ellis said there are a number of challenges with cryptocurrencies but that doesn’t mean they’re not investable.
“Conceptually digital currencies are an interesting thing,” he said. “It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be.”
Futures market operator CME Group announced on Oct. 31 it would launch bitcoin futures in the fourth quarter.
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The value of a currency is simply what people want to pay for it.
Bitcoin does have real value, as people in Venezuela and Zimbabwe will tell you - those who bought bitcoin in the last few years saw their wealth preserved.
However, you do pose good questions about how to value cryptocurrencies in general. Some have big communities, some are easy to spend, some have an economy developing around them - and you can attach a value to all those things. Most those are pure hype and hope and arn't really worth much.
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actually what he said make a sense,
but it will affect the entire economy ? i doubt that it will.
Bitcoin has not prove its usability wholly because there're a lot of problems that we will face when people starting to adopt it in their real life.
for example the transaction and the fees itself,
what make it so special compared to other is its usability,but if the hype continue while nothing change i believe it'll be bad for Bitcoin itself in the future.
also CME listing is a bad move for Bitcoin right now but at the same time,
it's the trigger for people to know about it.
everything is like double edge sword for Bitcoin,they have their own advantage and disadvantage.
The thing about derivatives, is that they allow you to go short - and the losses could be unlimited because bitcoin is on a tear right now. If the people who go short are borrowing to do so, and they default, then the lenders are in trouble. And that's where the trouble comes for teh banking system - bad debts. If big investors want to invest, they'd be better off using an ETF, rather than derivatives. It'll be interesting to see how this plays out. |
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In my opinion, just hold equal quantities of both coins. You have effectively bought yourself insurance. If by chance the large blockers are successful, then you don't miss out on making a fortune. The cost of acquiring BCH (if you didn't get free coins in August) is any way low.
This is the correct answer. Bitcoin is unusable at teh moment, and I can see a lot of payment providers enabling BCH and other alts to ensure that money can still move around. BTC will then be just a speculative coin. |
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That chart looks good and I have seen it here for many times. However, Bitcoin is a different animal and there are some points in that chart which are not really accurate if we have to look at what really happened in Bitcoin's history. But then again, that chart can still help us to get inspired to continue on holding to what we got. And that is the most important thing for now.
Nothing is as different as that! These markets make no sense at the moment, especially in view of teh mempool issue and the lack of adoption by merchants. Take a little bit of profit folks, not your whole stash, but a bit, just in case. |
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Ever, fuck you guys!  And I hope you realize as soon as Bitcoin cash fails to overthrow Bitcoin in this insane attack. It's going to get beat back down so hard. *sorry for the low quality post. It's not an "attack", it's pure competition in a free market. If bitcoin fails to scale (and it now looks like it will NEVER scale), then it must expect that investors and users move to other coins. |
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Golix is the Zimbabwean exchange. I found the following article on it: https://www.bloomberg.com/news/articles/2017-11-15/bitcoin-surges-in-zimbabwe-after-military-moves-to-seize-powerAnd it says the following: Golix, an unregulated platform that also trades other cryptocurrencies including bitcoin cash, has been in operation since 2014. Prices for bitcoin are set by supply and demand, according to Taurai Chinyamakobvu, co-owner of the exchange. Sellers are paid in U.S. dollars deposited electronically, which can only be converted into hard cash at a steep discount on the black market. Looks like you need a Zimbabwean bank account - and it's not clear that these bank accounts are able to transfer dollars abroad. |
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Looks like this is being driven by teh coup in Zimbabwe: https://www.bloomberg.com/news/articles/2017-11-15/bitcoin-surges-in-zimbabwe-after-military-moves-to-seize-powerBitcoin climbed as much as 10 percent on Zimbabwe’s Golix exchange on Wednesday after the country’s armed forces seized power.
The price of the cryptocurrency in the Southern African nation jumped as high as $13,499, almost double the rate at which it trades in international markets, according to prices cited on Golix’s website.
Demand for Bitcoin in Zimbabwe has surged amid a shortage of hard currency. Golix processed more than $1 million of transactions in the past 30 days, compared with turnover of $100,000 for the whole of 2016, according to data on the exchange’s website. Zimbabwe doesn’t have its own currency, with the government adopting the U.S. dollar and South African rand, among others, as legal tender in 2009 after hyperinflation rendered the local dollar worthless.
Golix, an unregulated platform that also trades other cryptocurrencies, has been in operation since 2014. Prices for Bitcoin are set by supply and demand, according to Taurai Chinyamakobvu, co-owner of the exchange. Sellers are paid in U.S. dollars deposited electronically, which can only be converted at a steep discount on the black market.
Zimbabwe’s army moved into the capital, Harare, on Tuesday after a week of confrontation with President Robert Mugabe’s government and said the action was needed to stave off violent conflict in the southern African nation that he has ruled since 1980.
While most major currencies are legal tender in Zimbabwe, cash-strapped importers and retailers buy dollars -- or any currency easily converted to dollars -- at premium prices by paying the seller electronically. A dollar buys about 8 South African rand, compared with the market exchange rate of 14.36 on Wednesday. Zimbabwe’s unpopular “bond notes” -- promissory notes issued by the central bank and officially pegged to the dollar, are worth as little as 50 U.S. cents on the black market. |
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From bitcoin's point of view, it might get listed on the Chicago Mercantile Exchange for futures trading in December. This in turn will affect the price of Bitcoincash, because the two coins seem to move in response to each other.
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