OTC trades (and large ones at that) probably make up the majority of the net bitcoin worth transacted everyday. The magic happens off the books, usually. If you were making a substantial investment, and you didn't 'grow up' in this janky environment of exchanges, would you send 100k worth of value to Poloniex or Yobit? We take alot for granted because a lot of us have been in this ecosystem for a few years now, and we have come to accept things as they are, not how they should be. Traditional finance doesn't share these blinders with us, they have their own  |
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Usually I'm the main person to not suggest taking a bitcoin salary for logistical reasons, like conversion fees and the inability to pay most companies directly. However, I'm in the process of opening a food truck and I'm considering taking 30% of my salary as bitcoin (we plan to accept btc, among a few other cryptos). I'll most likely have to purchase it, I will be pleasantly surprised if we make enough bitcoin otherwise. I figure we are probably headed up from here, but gradually. It's still years before these coin prices hit their stride. They are still virtually unknown.
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invest in crypto jacks
It's interesting to me why are you saying so. CJ is down more than 50% since your post, so do you still think it's worth investing? Investing in all those altcoins is too risky IMO, so OP you better just hold your 0.1 and try to make more of BTC. Yeah investing in alt coin is very risky as its difficult to predict how long it will last and what value it would be holding in future, safest way to grow your coins is to save it for future. You can hold your bitcoin , and you can collecting more btc for better profit in the future. But , indeed you must use your mind and make a planning to have a goal You have made it a tenth of the way towards a whole bitcoin! I would strongly suggest putting this in a secure wallet, holding it, and doing whatever you did to get the .1 til you get to .25, then .5, and finally, that whole coin. Congratulations man |
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Not really. Although Coinbase does a ton of transactions via its platform everyday, unless the merchant is actually accepting ETH, which I haven't seen that much of, bitcoin will still be the dominant coin. As slim as bitcoin adoption is, ETH adoption is arguably worse. Coinbase may increase the trading volume on ETH a bit, but that's all.
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no problem mate , in the meantime im still looking for people who tried HashOcean.co to recover their accounts , If it worked or not.
Do you have a way to recover the account can not be used inside HashOcean.co ..?? . How many people you help and if it works fine.? . Because I see that many people who need help. I think you should make a thread that describes your findings Please, for all of those that lost money to this, all of the supposed 'recovery' or 'refund' services offered in relation to this event have been proven fraudulent. If you have lost funds, treat them as gone, and contact your local authorities to make a complaint. DO NOT spend money in an attempt to recover account access/funds, this will compound your misery. Repeat, there has not been a single report (confirmed,) of someone regaining account access post hack, or receiving a refund. Be careful, and beware. |
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I'm irritated at this coin atm. Lazy indeed. Stuck a few days earnings in DOGE thinking we were close to the bottom. Surprised the Bitcoin price movement didn't help the sitch.
When an asset is this cheap, satoshis matter. I do think it's about to pop back up again pretty soon, ESP if we see a sustained downtrend in bitcoin for more then a few days in the near future.
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Dead cat is alive, well maybe not technically, more like a zombie. BTC decline helped ETH no question, I wonder if this is a huge manipulation/exit strategy. I don't have the balls to short ETH but if this is the case it should be EPIC.
Hehe, zombie-cat lurch, I like that. Agreeing with you the btc downtrend is inversely correlated with the ETH spike, wondering still if this weekend we are going to see a huge correction or not. Forgive my paranoia, but something about this just doesn't seem right. I can't put my finger on it. But I have to give ETH its props, or the Navy Seal elite level pump team that is supporting ETH. I publically called a crash. I've been eating my hat the last few days. Even if it is disgenuine, it's happening according to the chart. This reaffirms some of my conclusions about investors in this asset class, and disappoints me at the same time  but I'm not a dick, I love to see people make money. C.R.E.A.M. I smell something fishy, but I can't figure out what it is. |
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Was still thinking about this. Why don't you mail yourself the paper wallet? Or have a trusted mail it to you at the end of the month? Essentially, have someone hold it for and send it via post at the designated time? You could probably get an escrow guy here to assist.
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No. I don't believe that in the slightest. Bitcoin is a speculative plaything and a luxury curio.
If your local currency collapsed and it looked like you weren't going to be able to buy food a la Greece or Venezuela you're going to be scrabbling for dollars or euros, not something that one person in ten thousand on the street has the slightest understanding of.
For more generalised worries I don't believe it's reactive to real world events in any way other than inspiration for a fun pump carried out by the same people every single time.
And anyone who thinks Bitcoin's position at the top of the crypto heap is secured is dangerously naive. It's going to need another 5-10 years before anyone can be sure about anything. In the meantime there's going to be ever more competition.
Amen. I love the ambition on the forum, for the future of btc, but guys around here have very high expectations/hopes. Fiat rules this world, and it takes fiat to survive. In many years, bitcoin may still be around and most likely will have risen in value, but bitcoin is still, after all these years, 'too new'. People invest money in things that are truly safe. Like, I have worked for this money my entire life and will self destruct if I lose it safe. |
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Noobs with too much money pump garbage, they don't know better. Their pride tells them to do so. They can't start at the bottom and work the way up, they are so proud, they need to start at the top and work their way to the bottom. They'll learn later this was money to the wind. If i want swiss cheese i order it directly from swizerland.
Pumping in and out money doesn't give it value.
in case of ethereum those pumping it are no newbies, they are big whales that did a very long term investment from the very beginning of things and they have been changing the price up and down so many times to fill their pockets before they dump the project and move on to the next. That is right. The Chinese are big investors now for the Ethereum. They also have about 35% of the pool hash. Starting to think that it has to be quite a well capitalized group of traders to spoof support for this long. The volume isn't even indicative of a pump IMO, it's like people forgot they had eth in wallets post fork. ETH is a long term hodl so why would they not just forget about their ETH and get on with their lives? Because literally one of the largest clusterfucks in crypto history just unfolded over a very protracted month. I'm not even trolling you, just offering perspective. It would be like forgetting you shouldn't read a book while driving a Tesla. It should still be 'too soon'. |
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Noobs with too much money pump garbage, they don't know better. Their pride tells them to do so. They can't start at the bottom and work the way up, they are so proud, they need to start at the top and work their way to the bottom. They'll learn later this was money to the wind. If i want swiss cheese i order it directly from swizerland.
Pumping in and out money doesn't give it value.
in case of ethereum those pumping it are no newbies, they are big whales that did a very long term investment from the very beginning of things and they have been changing the price up and down so many times to fill their pockets before they dump the project and move on to the next. That is right. The Chinese are big investors now for the Ethereum. They also have about 35% of the pool hash. Starting to think that it has to be quite a well capitalized group of traders to spoof support for this long. The volume isn't even indicative of a pump IMO, it's like people forgot they had eth in wallets post fork. |
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The hard fork happened yesterday. The Ethereum price did not crash below $10. So that might be a good sign.
The Ethereum price is stable around $12 at the moment, the trading volume is also not big. The market is quite calm. If I don't see any major price movement downward by the weekend, I'm going to call this one over and done. Hard to believe, but I'm still sitting here watching all this. |
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Would think that this would be one of the primary features of the bitcoin, least as far as use cases go. It's simply perfect for setting up a virtual deposit box anyone could access to fund. But instead of charities, we get icos. If BitcoinsNotBombs, or the btc food for homeless dude here had gotten 1% of the DAO funding, lives would have actually been changed.
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Used to be 50/50 back when I had a btc salary, but now a days I only keep 10% or less in crypto, unless I am speculating on a particular market event.
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You need a government, or at least a corporate entity acting as a government, in order to issue fiat. Bitcoin is a currency, but it is not fiat.
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Bitcoin is definitely a safe asset, it will only appreciate not depreciate with time. Store it in a paper wallet and keep your private key, no one will steal it and you can always sell a coin anytime you are low on cash.
While bitcoin is much safer now than it was, it is still relatively volatile compared to more traditional assets, and subsequently carries more risk than an investment in say, Apple or Google. |
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I guess I would be confused, trying to figure out how a virtual construct managed to actually collapse. Seeing as this is data, and not bricks and mortar, there can be not 'collapse'. Copies of the ledger are stored all over the world on millions of devices; until every single one of those records is destroyed, the blockchain will continue to persist. This is the core of the technology, decentralization.
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Bitcoin is too user unfriendly in its present form. Webwallets and payment services will change that, look how far coinbase has come in popularizing bitcoin (because it's relatively simple to use). Security is the other half. Bitcoin is too permanent for the average user, once it's gone, it's gone.
One story about someone's retirement wallet getting emptied by hackers, and the msm will be all over it.
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All the people, "time to sell your GPU's, the HF is a gameover man! Game over!"
So what happened guize?
Coin is manipulated by whales since the start Nooby. It's called Price fixing.. so how would you know then ? Any other questions ? When is it all going to come tumbling down? Big mammals like whales need to eat There will be a weeping and a moaning and a gnashing of teeth. |
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