I'd say it depends on how strict their AML rules are and whether the old players on those exchanges decide they want to comply. If it's too much for them, the action might stay where it is (in Japan).
however strict their AML is going to be, it won't be stricter than AML they have on their Forex markets or other markets they have. and all the fines, etc are going to be on the exchange not the traders. but obviously many may not be active or as active as before in China because of this, but at the same time Chinese are known to be big traders, it doesn't matter if it is USD, EUR, Gold, Stocks, ... they are trading or it is bitcoin! |
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well there are a couple of things that i agree.
fees have gone up a lot, and with price rising the value of the fees we are paying in USD is a lot. there are a lot more transactions that there used to be and that makes the network "crowded" and block size issue is still there!
but you need to also know some stuff too.
amount of fee you keep repeating is meaningless without telling us how big (in bytes) your transaction is. or tell us the fee per byte. 0.0005 can be big or tiny considering the size.
also there is a possibility that your fee is high enough but your transaction was spending an unconfirmed transaction output. and this has been happening all week. people only look at the "big fee" and think it should confirm but their transaction is spending another transaction that has practically no fee and will never confirm.
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a month ago if you asked me what the price will be in mid May, i would have told you that it will be somewhere around $1400 if things are good and $1200 if they are bad.
and here we are now! bitcoin has finally hit mainstream with Japan. everyone is talking about it and it is widespread.
all that said, we can be sure about one thing: $6000 until the end of this year woud be a big bubble if it happens.
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Even if they come back, which i don't expect since an all out ban on crypto is in the works, they will not help us to the moon, the chinese want out.
lol, you are too active these days as when there was a price rise... hmm... and only an idiot would leave a $400 discount on bitcoin (30% off) and leaves. and only an idiot thinks Chinese which still have the highest total trading volume compared to USD market want out. with their withdrawals disabled their exchanges are still showing a high volume and that is not even considering the huge volume coming from localbitcoins. |
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Load of crap, Duang Honbin's views need to be put in the bin. So much wrong wth those views I don't know where to start.
i couldn't agree more. these days 8btc seems to be publishing a lot of these low value articles about so called "investors" who are repeating practically the same thing about bitcoin and call it an investment which is not good! and apparently none of them even know that bitcoin is a currency first then an investment. specially these days that big countries are adopting it as a currency, not calling it as an investment. |
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- bitcoin and the technology it introduced is open source, and under a free to use license so anybody can copy and use it.
- many started doing exactly that, copy the code and start a new coin.
- many also started doing different but with same general idea, that is when different new features were born. things like what Monero offers, things like Proof of Stake and many more.
- soon these coins started being listed on altcoin exchange platforms and became traders playthings. that is when everyone realized this market is small and can be manipulated and they can make a lot of money out of it.
- now we fast forward to today. developers (aka anybody who knows a little bit of programming) started making a lot of new coins, they used tricks such as premining the coin themselves, using ICO funds to fill their pockets with a lot of money. now the purpose of altcoins (answer to your question) is to make money. for both the developers and everyone who is a trader.
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There is a high chance that we will see $2000 even by end of this month (finger crossed).
A 10% increase in price at $400 is only $40; but with current price of $1750, 10% is a whooping $175 and a 14% increase will give us $2000!
This is all actually beyond the expectations of predictors of bitcoin users. I still do not understand where the current bitcoin price increases. Every day seems bitcoin prices do not stop to keep on increasing. It's like a dream come true. It's very simple, the Alt market reached a top ! and there are not as many new buyers as before. Meaning there's no real floor below the prices ! The prices don't have real support. Any one who is skeptical about what I'm saying go look at the volume on the Alt charts and then look at the Volume on Bitcoin's chart. You'll find that Bitcoin has real volume supporting it's price. Alts do not have real volume supporting the price and there volume is decreasing day after day. This is because there is a bear market in Alt coins. People have realized this and are moving into Bitcoin ! The Altcoin Bubble is deflating. There is a ways to go before the bubble has been reached imo. ICO's are still getting fully funded and prices are still climbing. that is the funny thing about altcoin market, it runs on hype and hype alone. there is no usefulness for any of them. some try so hard to reach some real world applications but they are just fooling themselves. and ICOs are one of the most obvious ways of scamming, and when prices rise because of ICOs that means they will get dumped extremely hard when the ICOs show their scamy faces. |
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What I want to understand is if there's a new money flow towards Bitcoin and alts, or it's just the same people trading for higher prices  it is both. the same old people have gained a lot of money from previous altcoin pump and dumps. for example those who started participating in the altcoin pump and dump game with 1 BTC could have had 10 BTC in a short time last year during the same pumping season. so now they are again coming back in with the previous profit + some more money out of their pocket since last time it was successful. also obviously bitcoin growth and all the adoption and all the media coverage has attracted a lot of new people. many of which are investing only. and when they get familiar with bitcoin they also find out about another market which is rising at the moment they found out about bitcoin. so without knowing they invest in altcoins too. and many end up losing a lot because they don't know what the pump and dump games in altcoins are. |
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not worth it at all. using a rotator or not you are still going through each of them wasting your time filling in a captcha to receive something really small like 50 satoshi or at best 200! and that takes a lot of time. there are a lot of better things you can do with your time to make money. by the way there is a Micro Earning board for these kind of stuff: https://bitcointalk.org/index.php?board=212.0This is basic thing which many repeating over and over,but can you tell me do I waste my time when I claim 300-500k satoshi daily in time when BTCprice was around 200-250$?I think I have made nice profit in very short time-so even today you can claim some free satoshi and one day they can worth xx time more. Certainly there are much better ways to waste time,this is just one of them  well if you think it is a profitable way of spending your time then who am i to judge, by all means go for it. i am just expressing my opinion, and say spending a couple of hours each day to only gain so small is not such a good way in my experience. i prefer going to an exchange and start staring at some charts for the same couple of hours instead. because even if i don't make money from starting, i can learn a lot of things  |
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I am a newbie in trading but during the pump of all aitcoin,I 've bought some decent coins hoping for more pumping but I am trying to be patient to wait as all my coins price keep falling,at this time I can't sell and re-buy but to keep waiting for the price to bounce back,but I am beginning to think if I can sell off and buy back some aitcoin with a great loss ,is this a good strategy or what should I do?I invested in ETH,ETC,LTC and some other coins
this is the classic definition of what we call a "bag holder" you buy after the pump has happened and then hold the coins for a long time after you missed the chance to sell and keep losing money. you either lost a lot of money before you give up and sell or have to wait a very long time for that coin to get pumped again and you can make your exit with your money being stuck in orders for months even. what you need to do is to learn what a "stop loss" is. put simply, you sell when price goes down, lower than a level that you think you are not willing to lose more. and then buy back if and when you think the bottom is reached. a good strategy is always buying when prices are low not after they are already high |
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If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.
Do you agree with this?
I DON'T AGREE TO THIS! Why would an exchange not allow you to sell your bitcoins? On what grounds will the hold your funds? They should know better how bitcoin can be volatile at times and payout even when its a loss on their side. I guess I have misread the post of the author last time. But there are also points to what he mentioned in his post but it is not about not be able to sell bitcoin but rather you cannot withdraw your bitcoin from the exchanges during the increase of value. As experience maintenance always occurs and there is delay in the withdrawals but I dont know if its because the exchanges doesnt want to let us withdraw or there is problem on the blockchainWhat blockchain problem do you refer to? The only problems that have happened so far are stuck transactions (long confirmation times), but these are irrelevant both to blockchain and exchanges. Bitcoin is not your fiat with which banks can block payment channels, freeze your funds (as an option, outright seize them), or just announce banking holidays whenever they see appropriate (I don't even speak about usual weekends and holidays). On the other hand, blockchain is open 24/7/365(366) with no weekends or holidays as well as maintenance hours So you mean this mainly the common situation which could happen when price pump is happening in the blockchain and exchanges. Yes most of us think that it's the reason, but all of those certain happening was not only the basis of what is actually happening here. Blockchain network really is the liable of how transactions delays and even sending confirmations is concerned, and yet price will normally rises up and also decreases, so we must be patient enough of this kind of problems and I know staffs were doing their best to resolve this issues. things you are saying are nearly irrelevant to each other! price rise is based on supply and demand. and demand is rising with more adoption and it has nothing to do with confirmation time or more accurately, enforcing higher fees. and what are these "staff" that you are referring to! there are no staff, you must be thinking bitcoin is some kind of centralized banking system that some people are processing transactions by hand |
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Guys I sold out and sold my soul, not sure if I should buy back in now or wait for some consolidation ? Any advice would be appreciated. Is there even going to be correction ?
my balls are large full of juice...and i wont blame anybody...reinvest it is...thanks
dude stop gambling. this market is not going to be kind to gamblers at all. you will definitely lose a lot of money if you continue gambling with price instead of making logical decisions for trading. and stop asking others, we will always tell you what we like to happen not what will happen ... true story! |
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not worth it at all. using a rotator or not you are still going through each of them wasting your time filling in a captcha to receive something really small like 50 satoshi or at best 200! and that takes a lot of time. there are a lot of better things you can do with your time to make money. by the way there is a Micro Earning board for these kind of stuff: https://bitcointalk.org/index.php?board=212.0 |
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because an SPV client does not have the whole blockchain. so they can not do the verification on themselves. they need to rely on Full nodes to give them honest answers. the reason why many use them is because it is easier to use a light wallet which will only take minimum of 30-40 MB of your Hard Disk and nearly no bandwidth compared to running a Full node which will require at least 100 GB (i think 2 GB in prune mode) of your hard disk and requires a lot of your network traffic also. read more here: https://en.bitcoin.it/wiki/Thin_Client_Security |
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for now we are in the dipping phase. and that is happening in most of the market. even bitcoin. price is dropping in a correction move. my guess is LTC may even drop to 0.015BTC range before it continues up we have already seen a dump down to 0.0159BTC yesterday.
then my speculation becomes unsure.
i say two things can happen. either this dip is short and we are going to see a rise soon, but the rise will be small.
or the dip continues as i said and stays like that for a couple of days of accumulation in the dip and then the rise starts and 0.02BTC is broken.
if you want long term speculation, then buy now and sell at 0.05BTC to 0.1BTC
Yeah I share your view, fully. On long term I don't have a big vision for LTC (don't know why) But midterm I would say 0.05 to 0.1 is possible. seems like my short term speculation was not completely right. the first thing happened while i was mostly expecting the bigger dip before the rise. price took a small dip and then went up. but i am still on my long term speculation though. i say price will at least be 0.05 BTC in long term. |
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^^ - PayPal was established in 1998, not to mention it is working with "fiat" which people know and understand.
- the concept of credit cards was introduced in 1887 (yeah that's right). the first issued cards were from 1921.
- gold has been considered a valuable asset and was being traded in form of real coins back in 600 BC!
- world physical currencies is coming from 2000 BC.
- now bitcoin was introduced back in 2008. i say we are making excellent timing compared to all these assets in that list above.
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there is always a lot of factors contributing to bitcoin price rise. most of all is traders (in other words speculators) buying more bitcoin because they expect price rise because of other factors and that leads to higher price.
now all the other factors usually include some sort of adoption. for example as it was mentioned the adoption in Japan is one of the main reasons. also there is a hot news about bitcoin ETF which can potentially show bitcoin as a reliable and legit investment and can lead to more people investing in ETF and alternatively in bitcoin directly too.
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for now we are in the dipping phase. and that is happening in most of the market. even bitcoin. price is dropping in a correction move. my guess is LTC may even drop to 0.015BTC range before it continues up we have already seen a dump down to 0.0159BTC yesterday.
then my speculation becomes unsure.
i say two things can happen. either this dip is short and we are going to see a rise soon, but the rise will be small.
or the dip continues as i said and stays like that for a couple of days of accumulation in the dip and then the rise starts and 0.02BTC is broken.
if you want long term speculation, then buy now and sell at 0.05BTC to 0.1BTC
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