Read above opinions about dogecoin but my opinion is different on dogecoin i dont think dogecoin is going to die . it has been among one of the mainstream coins for payments (as the transaction is pretty fast) there is not much to talk about features of dogecoin but it has been here from a long time and its going to stay here for a long time in future too. recently many good coins have seen their bottom and dogecoi is one of them . additionaly its founder made some comments on cryptocurrency which did not went down well for dogecoin i think .
I don't think doge is going to die either. Part of the reason the gambling websites all accept doge is because people are happy to spend it. And they're happy to spend it because it is an inflationary coin. People hoard bitcoin and spend doge. |
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Tomorrow Catalonia will try to vote for independence, and Spain will try to stop them (looks like they might get violent).
IF the Catalans vote to leave and declare independence, then all hell will break loose, and we might see a flight to safety towards bitcoin. It depends entirely on how ugly it gets.
This could be possible... But i don't think that political instability alone is enough to make people flood in bitcoin. However as i've said, when financial situations get real bad, so bad that people cannot transact on a daily basis for their basic needs since their national currency is in a hyperinflationary mess, they will look for an alternative. An alternative that is a store of value. So it's really only either bitcoin or preciosu metals. Bitcoin is gaining popularity as a safe haven like this. Bitcoin's price has jumped today. It was about $4200 yesterday morning, and it's now $4435. If I was a Catalan I'd be buying bitcoin especially as the Catalan govt has announced it will declare independence on Oct 6th. The financial markets are going to be roiled, so it makes sense for Spanish and Catalans alike to put some money in bitcoin to preserve their savings. I very much doubt that Catalonia will ever be recognized as an independent state. The world does not recognize and to be independent in isolation is unrealistic. Bitcoin you won't help you. Now the world really is a crisis of democracy.This leads to the fact that the influence of uneducated people and the world plunged into chaos. Well the United States said they won't recognise Catalonia. But Brexit Britain might, especially if the brexit negotiations go badly, we'd have nothing to lose by recognising them and it would piss off the Spanish royally. |
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Bitcoin's price has jumped today. It was about $4200 yesterday morning, and it's now $4435.
If I was a Catalan I'd be buying bitcoin especially as the Catalan govt has announced it will declare independence on Oct 6th. The financial markets are going to be roiled, so it makes sense for Spanish and Catalans alike to put some money in bitcoin to preserve their savings.
Seriously? I doubt Bitcoin is on anyone's radar in Catalan right now. It's barely scratching the surface of mainstream investment in general. Cryptocurrency may be one of the hottest investments of the year, but it's obviously one of the riskiest asset classes available on the markets from looking at volatility. If I was worried that my savings were in danger due to economic collapse/disruption, I would put them into safe assets like gold and US dollars. Especially considering the recent gains in crypto. Sure, we could see new highs soon, but the price could also drop in half in a few days. It all depends on how easy it is to buy US dollars or gold, isn't it? For the Catalans, not at all - they won't be able to open US dollar bank accounts. Buying gold is hard too - not may places sell gold coins, mostly it is jewelry that is marked up. Some might just withdraw euros and keep them at home in case something happens to the banking system. Buying bitcoin by contrast is easy and quick, and you can simply hide your wallet.dat on a USB stick. |
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Maybe it's not a problem for some people, but lot's of people aren't comfortable handing over all their personal info to an exchange.
Decentralized exchanges are the future.
This. When you consider how often exchanges are hacked, and then people's details sold on the dark web, it really doesn't inspire confidence, and it's a great risk uploading your id. Thanks for posting OP - looks like the only way to be safe if you have just basic verification is to regularly withdraw coins so that you are always under $1000. |
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Tomorrow Catalonia will try to vote for independence, and Spain will try to stop them (looks like they might get violent).
IF the Catalans vote to leave and declare independence, then all hell will break loose, and we might see a flight to safety towards bitcoin. It depends entirely on how ugly it gets.
This could be possible... But i don't think that political instability alone is enough to make people flood in bitcoin. However as i've said, when financial situations get real bad, so bad that people cannot transact on a daily basis for their basic needs since their national currency is in a hyperinflationary mess, they will look for an alternative. An alternative that is a store of value. So it's really only either bitcoin or preciosu metals. Bitcoin is gaining popularity as a safe haven like this. Bitcoin's price has jumped today. It was about $4200 yesterday morning, and it's now $4435. If I was a Catalan I'd be buying bitcoin especially as the Catalan govt has announced it will declare independence on Oct 6th. The financial markets are going to be roiled, so it makes sense for Spanish and Catalans alike to put some money in bitcoin to preserve their savings. |
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Tomorrow Catalonia will try to vote for independence, and Spain will try to stop them (looks like they might get violent).
IF the Catalans vote to leave and declare independence, then all hell will break loose, and we might see a flight to safety towards bitcoin. It depends entirely on how ugly it gets.
Im surprised to not see any threads about this. If they actually go through with it and declare Independence unilaterally, it could cause a lot of problems. If it becomes an international problem outside of Spain, it could escalate quickly to an European crisis, in this sense, BTC could become a very strong safe haven, as it always is thanks to Bitcoin being a neutral store of value/currency. Have you seen the news? The Spanish police are attacking civilians, and the Catalan firemen have come out to try to protect civilians from the Spanish police. Rubber bullets have been fired and over 300 injured. Because ballot boxes are being snatched by the police, they'll probably not be able to count the ballot - but I wouldn't be surprised if the Catalans just said, "Eff this, we're declaring independence". If they do, they are out of the EU and the euro might be in trouble (as Spain is a eurozone member). It should in theory make the bitcoin price rise as it is an independent store of value. |
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Looks like the Chinese are not against cryptos after all; they just want their share of all the money being made. I think this is the first of many countries to start regulating cryptocurrencies. I also believe this is a good thing. This will help get rid of the scams, and the regulation legitimizes cryptocurrencies which will help it to become mainstream. This will also help accelerate the price of Bitcoin along with the legitimate alt-coins. https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/They are CLOSING DOWN THE EXCHANGES with effect from today. That's not "regulation". That's a plain ban. FYI regulation would be them simply saying, exchanges can stay open as long as they follow KYC rules. |
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If – and, according to Harker, when – things go wrong, the Federal Reserve and other state agencies will likely be asked to get involved anyway.
I wonder what he means, does this guy have enough knowledge about Bitcoin to understand in what ways the federal reserve could actually get involved. Sometimes I think some of these reps believe they or the gov or any entity can just take over bitcoin when they want. I think he means that in the case of severe international strife or a recession, people would turn to their govt and the dollar instead of bitcoin. (Remember that bitcoin was released AFTER the great financial crash and became mainstream in 2013 when the economy had recovered). Whether he is right or not is another question. I think middle america does trust the dollar, but in the rest of the world, people might prefer bitcoin. |
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Tomorrow Catalonia will try to vote for independence, and Spain will try to stop them (looks like they might get violent).
IF the Catalans vote to leave and declare independence, then all hell will break loose, and we might see a flight to safety towards bitcoin. It depends entirely on how ugly it gets.
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https://www.coindesk.com/philadelphia-fed-chief-bitcoin-yet-tested/he went so far as to contend that bitcoin has yet to be tested by a real catastrophe, but that when one happens, people will be more likely to flock to government-backed money.
Harker went on to acknowledge that while citizens have put varying degrees of trust in what he called the "sovereign states" that stand behind currencies today, other currency models might be possible. This includes, he said, ways in which trust might come from another "large player," or as in the case of bitcoin, an algorithm.
But his most pertinent critique was perhaps that cryptocurrencies have not been significantly tested enough to ensure confidence.
Despite issues such as the collapse of Mt. Gox, once the bitcoin's network's largest exchange, or the ongoing bitcoin scaling debate, Harker argued that cryptocurrency has been largely insulated from "bad times."
"Everything can work in good times," he added.
This leads to the second reason Harker said he's not concerned about cryptocurrency hamstringing the Fed's monetary influence: If – and, according to Harker, when – things go wrong, the Federal Reserve and other state agencies will likely be asked to get involved anyway.
"When things really go bad, where do Americans turn?" he asked "Well, they're going to come back to the government. That's the history of the country."
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My journey started on Sep 21, from Boston to NYC, flight to Egypt then Turkey, back to Boston! Carrying $100 just in case and 3 bitcoins in my wallet! Fuck If I will ever carry credit card, or cash any more: 1- I used Localbitcoins for cash! Search for best local currency rate! 2- How much I save from credit card fees and Fiat exchanges: $305.
3- Is it save to deal with Localbitcoins in person overseas? Yes, so amazing nice guys, you are making friends  You should try it! & $100 stayed with me! and I spent less than 1.9 btc in both countries!!! Sorry to say so, but you must have a shitty credit card deal if that's the case. My debit card has zero fees for international withdrawals, I can't imagine one that has worse fees than the deviation localbitcoins has from actual bitcoin exchange rates. I think he's referring to forex fees. If you are using a dollar based credit card and spending in say pounds, you usually get charged a 5% forex fee (they bump up the exchange rate by 5%). And if you are travelling to places like Egypt, they can bump up the exchange rate by as much as 10%. You might not even be aware this is happening unless you check the real exchange rates. |
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Hi Guys, I am trying to do some fundamental research on Steem but there is one thing I don't understand and that i'm not finding the answer on. Who does actually pay for this whole project. They say that they pay the posters of valuable content, by the more likes, and they pay the people who recognize this valuable content. They pay them in Steem, and you can sell your Steem for dollars, but to who? Who wants to get Steem instead of dollars? Does Steemit buy it back from you? With witch money? Or can you sell it to people who want to have more voting power? Or?
You can buy and sell steem on exchanges like Bittrex. As to why buy Steem? Because if you power up you can make quite a nice return from curating, so it's a pretty good investment. And of course some people buy it for speculative purposes just like any other alt. And some people buy and sell digital goods and other stuff with it too on Peerhub https://www.peerhub.com/ |
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I wonder if all their users were able to withdraw everything without problems?
A few weeks back there was a rumour that they were operating a fractional reserve and wouldn't be able to pay everyone. Any Chinese users here who can confirm whether everyone got their money out?
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This news looks quite better than what we are getting from Korea and China lately.
Issuing license or monitoring every transactions might be necessary to stop money laundering because most of the country take it seriously. I think it is better to get monitored than losing chance of investing and trading cryptos completely.
Yes. The Japanese have decided to licence and regulate cryptocurrency instead of banning it. And one of the consequences of legalising it is that lots of big Japanese businesses are looking to get into mining and FinTech. In the years to come, legalisation will prove to have been a masterstroke. |
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You can try to make contact on localbitcoins.com and negotiate to buy at undervaluated price.
Localbitcoins usually sell at a Premium to the exchanges, because they experience the risk of people swindling them (doing chargebacks once they've received coins and whatnot). The only people selling at a discount would be miners who don't have access to an exchange - so perhaps Veneuelan miners or perhaps Chinese miners after 30th September. |
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Johnson, herself is a huge proponent of the digital currency and has mined roughly 200,000 satoshis, according to the FT report. So she has mined 1/500 of BTC that roughly translates to 8$. There are two posilibilities: a) the guy that made the article is a complete moron b) Johnson is herself a moron. LE Seems like it's b. Original ft article (paywall) I think you are confusing the mining going on in Fidelity's asset management company with some experimental mining that Ms Johnson did herself. The personal mining is unimportant. But the mining done by the asset manager is very important - for one thing it's profitable, meaning that they're making more than the cost of the miners and the electricity. |
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https://techcrunch.com/2017/09/28/fidelity-ceo-abigail-johnson-says-the-company-is-mining-cryptocurrencies/Fidelity Investments, one of the world’s largest investment firms with $2.3 trillion in managed assets, is taking a long look at cryptocurrencies.
The firm has been experimenting internally with bitcoin, but is now bringing some of those features out to its broad customer base.
According to reports in Quartz and The Financial Times, Fidelity’s chief executive, Abigail Johnson, spoke at length about the company’s commitment to cryptocurrency at Consensus, a bitcoin-themed conference in New York.
Johnson said that the company had made several venture investments in bitcoin-related businesses and that the company was looking at applications of blockchain technologies alongside several leading universities.
According to Quartz, Fidelity has also set up a small mining operation inside the asset manager — one that’s making money for the company.
From Quartz:
One of Fidelity’s projects is mining bitcoin and ethereum, which Johnson said was started for educational purposes, but now turns a tidy profit. “We set up a small bitcoin and ethereum mining operation…that miraculously now is actually making a lot of money,” she said.
The FT reported that the company had bought its mining hardware from the now-pivoted 21 Inc. (whose chief executive appeared onstage at TechCrunch’s Disrupt conference in San Francisco last week).
Johnson, herself is a huge proponent of the digital currency and has mined roughly 200,000 satoshis, according to the FT report.
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https://bitsonline.com/japanese-exchanges-licenses/Japanese exchanges have begun to receive formal operating licenses from local regulator the Financial Services Agency (FSA). Major trading platforms QUOINE and bitFlyer were among the first to get the formal certificate of approval.
CEO Mike Kayamori of QUOINE looked pleased and relieved to get the license — certificate number #00002. Certification, he said, meant companies would have to take the business a lot more seriously, operating more like traditional financial institutions.
“There’s all kinds of fiduciary responsibilities — monthly reports, quarterly reports, transaction reports, suspicious activity statements, etc,” he said.
QUOINE has been doing all this since first applying in April, though. “You don’t just start complying after you get your license,” Kayamori added, “The laws took effect on 1st April; they’ve been watching us for the past six months.”
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