The article criticises Coinbase and praises Poloniex for having zero fees. The only problem with this: Coinbase is a solid exchange and Poloniex is crap. The move from Poloniex to have zero fees is similar to what Cryptsy did before they did a runner. Zero trading fees (to encourage volume) and high withdrawal fees (to discourage withdrawals and make a profit from those who do take their money out). It's not a good sign. You should always ask yourself how these exchanges make profits. Some are upfront by charging fees. Others are dodgier and are using your coins to trade while trying to discourage you from withdrawing. |
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Anti-cash does not mean pro-bitcoin.
From what the Italian minister said, it looks like they want people to use debit and credit cards where all payments can be tracked (and thus taxed). Italy has a real problem with a mafia economy where everything is done in cash. It also has a problem with small businesses operating in cash and not declaring all profits, in order to evade paying tax.
Once you insist on electronic payments, it's easier to track actual revenue and tax it.
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I just googled and there is absolutely nothing about this in the American press at all.
And there are no announcements from the American regulators - which means the US government isn't doing anything at all.
Also: there is nothing to "review" yet as Facebook hasn't launched Libra yet and may not launch it at all given how many high-profile payment processors have walked away from the project.
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How did they get that number in the first place? Is it from transaction fees or there are a lot of people who keep their assets on Coinbase? It's hard to believe for me.
Well, hopefully, it won't get hacked. The market will suffer like hell if all of those get dumped.
Loads of people keep their assets on Coinbase. It's because the bitcoin blockchain is now so large, people who just access the net via their phones prefer to use an online wallet, rather than set up their own wallet on a dedicated laptop. I just hope Coinbase have good security installed. |
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Swiss financial startup Amun has won an approval from the Swedish Financial Supervisory Authority (SFSA) to widen its offering of crypto-based financial products to retail investors in the European Union.
How it will effect crypto community, what do you guys think? It's difficult to say. Approval to sell cryptocurrency ETPs basically to all European retail investors sounds great, but the devil is in the details. Based on their prospectus, it looks to me like Amun's products are open-ended and operate similar to ETFs. That means that if there is significant demand for the ETPs on the Swiss SIX and Boerse Stuttgart exchanges, that demand could spill over into the overall market, driving prices higher.I suppose that's a big if, though. There's no telling how much interest there is in these products yet. It also means that if there is significant selling, it will also spill into the overall market... |
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The answer is "only if it results in inflation".
Traditionally once inflation gets going, people switch their money into a hedge for inflation: gold. Bitcoin acts like digital gold.
BTW - I wouldn't look for inflation in the US where it is fairly low, but in Germany, where inflation keeps coming in higher than expected, but the ECB has negative interest rates and QE because other economies in the eurozone are experiencing disinflation.
Germany is the stress point if they can be persuaded to take their money out of the bank and put it in cryptocurrency instead.
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it was 3k at the beginning of 2019, Bitcoin is currently 2x higher than 10 months ago, that's bearish? Ok.
This is what I'm considering for myself if ever I see the price under $8k, $7k or even $6k. I'm still on the winning side if I look into that part but we can't force people to look into that part if they are mostly looking only to the higher side. And whenever the price goes down by $500 or more, they all think that bitcoin will find it difficult to recover. The people who think we're in a bear market are the unfortunate people who bought at the top in early 2018. For them it's been disappointing that bitcoin couldn't hold above the $10,000 achieved in the middle of the year. For everyone else, this year has been very encouraging indeed. Let's hope next year is as good. |
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Digital currency /= cryptocurrency.
Digital payments include things like Faster Payments in the UK (where money is sent instantly), or country coins controlled by the central bank.
The Deutsche Bank prediction is just a rehash of the old "cash will become obsolete" thing that everyone has been predicting for decades.
In order for cryptocurrency to dominate, there needs to be a big eco-system around it, and that has stalled since 2018. Hopefully next year will see improvements in that space.
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Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.
So what to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?
Some people are cutting their losses in the altcoin market. There are too many coins, and most of them are doing badly, so it makes sense to sell before they get to zero. I think next year it would be better to concentrate on a few alts and build their eco-system instead of chasing new coins that last for a few months and then start tanking. |
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The advice from the Rockerfellers is also good: "Nobody ever got poor from taking profits".
The trouble some traders have is they get too greedy.
How many people held on when bitcoin was at $20,000, thinking it would go to $30,000? They'd have been better off selling, then waiting for the inevitable crach (inevitable because the move upwards had been too fast to be sustainable) and then buying back a lot more bitcoin when the price dropped.
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Is this the norm now! Countries are creating their own cryptocurrency this days, am wondering how this is going to benefit the crypto space, at least, this government of this country's are recognizing the importance of digital currency, if this is a good thing i hope other countries will emulate them.
It's not going to benefit the cryptocurrency space. They are creating these coins in order to adopt one of bitcoin's benefits (ease of payment across the internet with lowish fees) in order to kill bitcoin. Their thinking is that if you can get bitcoin's benefits from an official coin, why would anyone use bitcoin. |
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We are more focused on bitcoin than ever as most of the users wants to invest into bitcoin assuming a bull run post halving but nit many are planning to invest into altcoins, I think we need to focus on altcoins as well as there are coins like Tron, ADA and all which can pump anytime and priced extremely less as of now and even if bitcoin pumps it will have positive affect on altcoins as well so I think we should invest into reputed altcoins as well.
It's getting harder and harder to pump altcoins because a) you need a lot of money and b) you need others on the same exchange to follow, and usually they just don't. It's different from the olden days when there were really only three main alt exchanges (Cryptsy, Mintpal and Poloniex) and it was easy to organise a pump across them all. |
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I understand places like Venezuela is due to hyperinflation, anywhere else where this use case thrives?
I’m not talking about the crypto communities by the way.
A lot of hedge funds are getting into cryptocurrency, because it's the only space left where you can make decent returns now that zero interest rates have depressed returns everywhere else. If you have time, read the following report on hedge funds and cryptocurrency: https://www.pwc.com/gx/en/financial-services/fintech/assets/pwc-elwood-2019-annual-crypto-hedge-fund-report.pdfIt's by Price Waterhouse Coopers, and is 18 pages long, but if gives you an idea of what is going on. They seem to be really keen on alts and ICOs (if you were wondering who want putting money into ICOs, it was them! They were just scaterring money around in the hopes that one of them would be a unicorn Ethereum-style). |
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The problem has always been the glaring lack of adoption from the people and from the business community. So why there is that lack of adoption in the first place? Aside from the usual volatility of the digital assets, people are feeling that in this industry there is a lack of security. And it is not the fault of the government. In the first place, if people in cryptocurrency especially with Bitcoin are heavily using the assets in the P2P manner, we would not have any government and its regulatory power coming into the scene that much. But this is not what is happening. Many people are not feeling secured in this industry partly because of the many scams and hacks going on. And that is not the fault of the government. We usually have a distrust with the government because of what happened a decade ago but that concern is now fading, and we could not use that kind of fear anymore these days. Partly the government can be a reason but the biggest reason why bull run is having a hard time to happen is the market itself. When there is an avalanche demand for cryptocurrency no government can do something about it. But when the demand is not that attractive, we usually survey the horizon and just pick up anything to lay the blame for.
It's not just people feeling the lack of security. It's the problems with slow blocks, mempool backlogs and rising fees. I feel the episode in late 2017/early 2018 when transactions were waitin 3 weeks to be confirmed, really hurt bitcoin. Steam removed their bitcoin payment option and has never reinstated it. And other retailers stopped additing bitcoin. Bitcoin has become a speculative asset. |
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That's a interesting development. France is part of the euro (which is a currency shared across 19 countries). If it is developing it's own digital currency on it's own, then we may be looking at them building the infrastructure for them to exit the euro and go back to the franc (or a digital franc). |
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As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.
I'm actually shocked that Tether is at number4. What are people thinking? USDT is not real dollars, it's not backed by any reserves, you can't withdraw to dollars in your bank account. It's a scam and a con. |
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It seems to me that China is a synonym for everything innovative and experimental. And i don't doubt they'll be the first to adopt crypto fully
They won't adopt cryptocurrency that is decentralised. China's big weakness is that it still has capital controls. And it has capital controls because chinese people don't trust their own government and try to move money out the first chance they get. Unless they lift capital controls, they won't adopt cryptocurrency, and the yuan won't become a global currency either. |
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First of all, I would like to say congratulations to Bakkt CEO for successfully becoming a US senator in Georgia!
She only been temporarily appointed to the senate as the incumbent had to step down due to health problems. She's now the Republican candidate for the US senate race that will take place in November 2020. She still has to get elected to carry on after 2020... For more on the senate race, see the following: https://www.politico.com/news/2019/12/04/kelly-loeffler-georgia-senate-special-election-075218 |
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recently i have been seeing a lot of trading bot advertisement, not just on bitcointalk but elsewhere too. most of them are either crappy or scam but anyways it made me think about different strategies that a trading bot could implement.
there are two things that i am already aware of and also have implemented:
- basic trading, market watchers, stop loss and pump watchers, showing charts,...
- different arbitrage strategies.
i am also aware of some high rate and ping pong strategies which i really hate.
what else can you give me, maybe strategies you have seen in a bot you used before or strategies you think go well with a trading bot?
There seems to be a trend in keyword trading. As in selling when you see the words "china bans..." in news items, and buying when you see the words "bitcoin approved" in news items. You get the picture. They're trading on news items and using the bots to scan for certain keywords in the text. |
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This system is working fine, but it needs third party applications that could scan bitcoin QR code. I know QR code could not be the secured and there are possible other options I could add. But my intention with this system is to help people recognize cryptocurrency especially bitcoin, and to use cryptocurrencies as an alternative payment option for seamless transactions.
What you need to do is connect your site with a cryptocurrency payment processor. Like bitpay for bitcoin or bitcoin cash. Or coinpayments, which accept bitcoin and ethereum: https://www.coinpayments.net/They will have a shopping cart plugin that you incorporate into your website. And then their plugin does all the work of scanning qr codes etc etc. |
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