it is funny to see this topic be bumped again. everyone has forgotten about this news specially the shitthy news sites such as cryptocoinnews! PBOC has never stopped investigating Chinese exchanges and right now they are investigating them even more. but as we can all see price is rising non stop and everyone is trying to sweep news like this under the rug because it is not in their favor right now that they are all buying.
but after they bought and wanted to shake out the weak hands PBOC news becomes big again, but nothing really changes they will continue like yesterday and today and tomorrow.
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I wonder if someone still should get into trading Bitcoin at this point? There was a time with incredible aggresive swings so that daytrading was interesting, but now the movements appear but much slower. Is it still worth it to trade?
the smaller the swings get the better it is to trade, it actually becomes easier because the changes become more predictable and logical. whereas in highly volatile market nothing is certain and you can never make successful trades in day trading. besides bitcoin is not yet like that. as you can see there has been a nearly 7% rise in the last day alone and it has not yet stopped.
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i agree but not with removing them from the list. at least not until it is 100% proven scam and by that time the coin itself dies, and it is automatically removed.
my reason is because calling a coin scam is too biased, i am not talking about a particular coin here obviously coins like what you mentioned is scam. but saying something is scam is most of the time have more hidden reasons like FUD, competition,... then who is to decide? i'd say they should add something like a warning on them saying it is shady.
and in the end coinmarketcap and any other site like this are just lists with information on them and are always open to interpretation.
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I guess what will happen now since the price is rising again will be panic buying, why not? The price movement will probably gonna hit to $1,000 again and I know some would love to sell at the current selling price to cash out a bit, but I tell you, if you don't badly need money you could hold longer for better profit.
we are not expecting any panic selling in near future, i am hopeful that this time the price of bitcoin is going to increase smoothly, and hope that this time the price id going to cross the historical high price of bitcoin and after that we can expect a little bit correction in the market, but the market has to continue growing for next few months. anyone currently may be panic buying because they think prices will going to $1000, I also think like that and I also become fomo. but never thought this moment to panic selling before prices go over $1000. maybe but the rising speed doesn't show this, we are still at $980 after nearly two days. if there was a panic buying (fear of missing out or FOMO) we would have seen $1000+ already. i think most of them will join in and start buying after the $1000 is broken, right now they are still afraid
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I am very afraid about that 30 min confirmation, it is that still a problem? how can be solved?
in short term it is solved as soon as the attackers stop spamming the network. if you look at this chart https://blockchain.info/charts/mempool-count?timespan=60days you can see what i mean. if it was genuine number of txs we would have experienced 50k+ every day not temporarily. in long term block size must be increased and there is no escaping that.
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In case you are wondering why price of bitcoin is increasing, here are some possible factors:
1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions. 2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens. 3. After banning high denomination banknotes India is seeking how to generate higher tax revenue - further fiat restrictions imminent = price of Bitcoin soaring in India.
1. Chinese traders never had any trouble with PBOC or the fact that they were investigating their exchange, it was the FUD that caused the drop. 2. this sounds mostly like news about banks and blockchain (not bitcoin). 3. India didn't have much effect back in the first time, i don't see them having much effect this time either. i say the reason is simple, the price is rising due to increasing demand. this demand comes from all of the above reasons too but in trading there are down times where they use FUD to push it further down, and then there is an accumulation phase and then a rise. all three periods happened here.
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means 1 BTC is worth $ 3,571,428.57 meaning 1 satoshi is worth ~4 cents
Fees to withdrawal BTC from an exchange is Fee: 0.00040000 at 4 cents each , that comes out to $1600
you have officially stopped trolling and now you are spreading FUD. here you are using an imaginary future price but use current real fees in your math and pretend it is correct. your whole comment is full of flaws. Todaybitcoin price is $980 fees are ~100 satoshi/byte or 0.0002 per tx even if we assume it is 0.0004 means it is $0.39 A couple of years backprice was $5-$20 fee was 0.01 BTC per tx in the futureif price were 3.5 billion fee would be 10 satoshi per tx fees have changed multiple times in the past and will change in the future also.
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Altcoin can never challenge bitcoin, it's too late. No matter how the famous guy will promote it, it doesn't matter. There are so many interest group behind the bitcoin, so it will always be No.1.
yes mate just in case they really wanted to chase btc i think they needed a lot of time and money to start since btc already created its popularity so it would be hard to surpass or to compete with it, even celebrities or big names will introduce another project maybe some crypo followers will ride but for sure they will still trust btc and continue following btc. Come on guys. Bitcoin has 15 mil wallet accounts. We have not exactly become mainstream. It's been 8 years and we have only 15 mil. accounts. Very slow adoption if you ask me. I wouldn't be so sure that nothing can dethrone the old grandpa :-) accounts? wallet accounts? seriously! there is no such term. and there is no possible way that you or anybody can tell how many people are using bitcoin. which makes your 15 mil only a pure random guess. but the point about adoption is somewhat true. it has been slow and there have been some obstacles on the way, such as the volatile price and not being regulated. but at least bitcoin has some adoption and that adoption is growing every day. which i say is more than enough to call it success.
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Hi Everyone i know many people here is want to learn bitcoin trading and 80% of users here in bitcointalk doesn't know or beginners in trading bitcoins all of these people who you are talking about don't know the basics of trading which means they have to learn those basics topics. and they are not going to learn anything from a facebook group. there are multiple good resources out there for that matter. I want to make a facebook group chat for pro traders and beginners to easy to communicate and learn about trading and what time to buy or sell the altcoins lets us join force our power traders well i wish you good luck and no offense but it sounds to me more like a pump group wannabe, and some people who want to gather some newbies to tell them what to buy and what to sell (buy after they bought and sell when they want to buy again or when they are done making profit)
if you want to teach anybody anything, here you go! this forum is open to you in order to make topics and ask others join in and discuss them and teach newbies everything you want to teach them on facebook! not everyone has facebook or even willing to make a facebook account. but here is public and available to "all" bitcoin users.
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$1000 is right around the corner, this time with a real solid rise accompanies by a strong buy support, although it may take a short time for the traders and whales accumulate again why they sold at the top. and whenever you see a silent market and then some users around here start crying about price and say it will fall it shows their desperation and a rise in the future We are close to that mark, finally it seems we are close to reach a stable 1000 mark, I think we are going to see it in this year and I agree with you I think this is the calm before the storm, I think we are going to see a huge pump in this year and surpass the maximum historical price of bitcoin. yes still we are not too far from 1000 USD level. although we cross the level in previous days but after that people start selling which cause the price fell down again. i think a strong support of the people can let the price to cross 1000 USD level again. not this time they won't. or at least i can tell you that the possibility of a big sale and coming below $1000 is very low now. it is pretty simple. bitcoin price is rising and it has been rising over the past 8 years. the only difference is that it had some pumps, at least 2 major ones and after them there were corrections making things slow down. also people who sell like crazy are weak hands who always gets flushed fast and this time they are out of the market and bottom is $900 and after accumulation by the whales we are rising. they weak hands will join in around $980 and $1000+ and after a rise to $1050+ they get flushed out again and new bottom (possibly around $1000) will shape up.
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But you should also expect the opposite to happen!
why? if you are just guessing then it is worth nothing at all! I wouldn't wonder if we go down back where we were two days ago.
i would wonder and i would wonder a lot because there is not possible reason for going down at this point. we saw down after the rise which was the result of a correction. now it is time to continue to rise. Until nothing big is getting announced, like an ETF getting approved, or Blocksize debate finally peaceful solved and everybody is hugging each other, I don't see a reason why we should shoot up now without dropping again.
people are investing in bitcoin and they buy and hold it like stocks or shares. the investors don't care about these things! and these things help the adoption and a huge rise which means going from $920 to $3000 not $920 to $1100 Don't get me wrong.I love when the price moves up and I believe in Bitcoin on long term as well. But the volume is still very low and therefore some guys can play the market very easily at the moment. Therefore I'm not getting too excited, especially short term.
the volume is actually very high if you take a look at it. and it is continuously rising each year with more adoption. what you say is no volume but the size of the orderbook which is not big enough yet.
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Coinbase has never used paypal and using paypal to buy bitcoin and digital currencies as they put it is not allowed according to their terms of services.
the only thing Coinbase offered (and i only heard the news and never used it) is withdrawal to Paypal account, nothing more.
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what do you guys see that i don't see the site is just fetching tweets from different twitter accounts and lists them in the website! adds an advertisement in the middle and shows it to you. which part of it is "good information"? the URL seems like a free one, probably on a free hosting too. OP should at least put a little effort and adds some analysis or at the very least a couple of lines to what he is showing there!
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i don't think it is over yet. but things are obviously very bad these days. i keep seeing new altcoins pop up and when you check the project you find absolutely nothing new! it is the same old code copied and only with a new name! if things continue this way, we either will see a million of them all at 1 satoshi and less or at some point they give up and leave the market alone to real development.
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You can only know this if you have insider information like you are close with dev or whales. Other than that, you are only speculating and can never pin point exactly when a coin is going to be pumped. What you can do os keep a close market watch of all the coins you want to trade. That way, you can see trends or be able to pick up news that can lead to a pump.
Inside information says it all. The pump on bitcoin is different from other altcoins. The factors are still obvious, still predictable and follow trends. pumps in like 99% of the times, will leave a trace which you can find. there are many indications that lets you see them. and in case you could find anyone in a good time (meaning before they happen in larger scale) you can get in and make a good profit. but things in bitcoin are very different and they become more and more complicated like other markets like Gold as size of the market grows.
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for a thousand years the best thing anybody could do with money to make money is to run his own business. and that is what anybody should do. but this doesn't mean if you start any business it will make you money and make you rich. the business has to be a good one which people need, not any random business and most certainly not copying what other people do. it has to be unique. then by spending time on it, you can make it grow and over time make profit.
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Yep. They dont look at bitcoin like they do gold (generational wealth). They play with BTC like chips in a casino.
That's the best reasoning I've heard not really! it mostly comes from someone who has been shouting $725 and $655 prices for a while. and also it comes from this belief that since bitcoin price is volatile it means it is a gamble. but there has always been clear patters but with a bit larger swings that you normally see. ... then bitfinex same volume means no more fake volume in Chinese exchanges also.
that may be. but you can never say there is no fake volume! these exchanges have to compete with each other, for example if bitfinex wasn't on top, bitstamp could have gotten more volume, same goes for Chinese. that is why i believe they will always report some extra fake volume when they are sending out their results.
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Instead of creating a faucet that gives away satoshis per captcha it is much better to create an exchange site. If you establish an exchange site you will really earn from fees that the traders make. Even small exchangers earn big amount of bitcoin daily and all you need is the technology and the website and also best promotion materials to encourage users to use your site.
starting a real business is not as easy as you may think and it certainly would need a lot more than $50 that OP doesn't even have yet. and when you want to start a business that already exists, such as an exchange service then things become even harder because of the competition, anyone who is trading anything already is using an exchange that they trust. in other words they won't switch over to a new service without trust.
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I am seeing that the marketcap of Monero is much higher and in the list of top 10 cryptocoins. Can I know what are the factors which are making its demand higher and what are the factors which is making it competitive with bitcoin, litecoin and etherum?
ethereum is a new and a bad coin you shouldn't even put it in the same list with these coins. let it be around for a couple of years at least and then. but the main reason for monero's success in my opinion is the privacy and anonymity features that it is offering, it was explained rather decent in a couple of comments above. also it has been around for a long time, it has been developed by a good developing team, and also it has some adoption which mean you can actually use it as currency and that is a big edge in my opinion. But I want to know that is there any company or business which have adopted it for their business? Or there any service started with that currency or it is just used for trade and storing our money? I actually want to know about the secrete of its demand.
company an business?!! these are cryptocurrencies and they don't need companies and anything centralized to become successful. only people (peers) to be using them P2P and it is happening but mostly in darknet.
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making 0.01BTC into a 0.1BTC is a 10x rise and that is a common thing with altcoins mostly but the problem here is that you can not possibly know anything about them as a novice trader to make that much and if you just go in by chance you will never make that much consistently, maybe once or twice but that can never last. instead of wanting to earn big profits such as 900-1000% try to learn to trade and make 5% for now and then move on to bigger objects.
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