You should bring this project to China. With Alipay and Wechatpay we still cannot buy crypto in 7-Eleven. Or I should travel to Bali to buy since it's not expensive to fly there these days  ))  We would love to, and China will proof to be very challenging market, if not the most Integrating it with Alipay might serve alot of sense too, though we are not sure if Chinese regulators will be happy given what happen lately. Our focus is really to encourage mass usage first in South East Asia. And please visit Bali Just a heads up - China has banned ICOs, starting from 30th September. Do your business in the far east countries outside China. |
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I used Bittrex for some time just because it was recommended to me by a friend and continued to use for some time. To withdraw btc there they took 0.001 BTC from the total amount. I thought it was normal and then I came by poloniex. Their fees if only 0.0001 BTC. What makes bittrex have ten times higher withdrawal fees  I have no idea. But I'm still used more to bittrex. There are other services as well such as Cryptopia. These are the best ones I know. Well , what about deposit and bid ask fees ? Bittrex doesn't charge to deposit and their trading fees are 0.25%. They also don't have maker/taker fees (where the market maker aka the person who places all the orders has a lower fee than the taker aka the person who executes a trade). Polo has 0.16% for makers and 0.24% for takers. Kraken is similar. |
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There were two shocks - MtGox went bust and the people who had coins there felt burned and took a step back from cryptocurrency (i.e. they decided not to buy any more).
And Silk Road got closed down by the FBI. This was probably a bigger deal, because at the time there wasn't much natural demand for bitcoin, merchants weren't accepting it and the big investors thought it was a fad, so the price was being supported by people who bought bitcoin in order to either buy stuff on Silk Road or to gamble.
The closure of Silk Road removed a lot of buying pressure.
It took two years for other souces of buying pressure to come online (Overstock, Microsoft, and some hedge fund guys who were buying on their own account because they thought it would go big).
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Well I've ridden many waves with BTC (yes check my bitcointalk account joining date) but have recently sold down (not completely out). Here's my reasoning. 1. The Roger Ver vs Core discussions - I think he's right and would rather move to BCH than stay in BTC (this was nice watching https://www.youtube.com/watch?v=3R8ckM-TDHI). I get some of Cores arguments but it took way too long for me to move coins recently (and I paid a 'high priority' fee)... and that's just a crap user experience that i wouldn't get with other coins. I've been in application development for approx 20 years and have seen many discussions between tech geeks and business users... this just seems like another variant. Personality wise the core team seem very geeky (just look at the photos) and I'm guessing they all share very similar personality traits so they fail to see or identify with a diverse range of opinions (disclaimer - i don't know them personally so i may be wrong) . 2. The uncertainty in November with another fork. I'm guessing it won't go smoothly but difficult to know what will happen. 3. The china issues... there's enough threads on it but difficult to tell which way it will go in the long run. 4. I wanted some money, always comes in handy 5. My gut feel - Since inception BTC has always followed a trend of a really high jump in price, followed by a few dead cats bouncing, followed by carnage... which i believe is still to come in the next month or so. If BTC drops to less that 2K, i might buy back in... but I'll probably only buy BCH or see what other BTC fork comes out of November. good/bad decision? Goodluck, The Fajman I like your reasoning. I agree with your point about the poor user experience - on one of the ethtrader subreddits, someone joked that their coin would be in trouble if it didn't work as advertised, you couldn't make transactions and the cultists declared that this was a design feature to make it more like gold. They were of couse laughing at Bitcoin Core. Segwit doesn't seem to have had much adoption, the blocks seem to have occasionally hit 1.3mg with some segwit transactions in them, but this is rare. Bitcoincash is undervalued at the moment and is a good hedge. |
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BCC is going up because there is a rumor it will rebrand as Bitcoin China with Chinese government support. There has also been a rumor since last month that BCC might partner up with Alibaba Group.
BCC는 중국정부의 지지하에 Bitcoin China로 리브랜딩을 할 수있다는 루머에 상승세입니다. 또한 알리바바그룹과 파트너쉽을 구축한다는 루머는 저번달 부터 있었습니다. Are you talking about BitcoinConnect (BCC) or BitcoinCash (BCH)? BitcoinCash won't become bitcoin china - too many people outside china mining it (especially as it has a low hashrate compared to bitcoincore). |
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These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?
edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.
anyone putting absolute bottom below 2200?
The Chinese exchanges don't close till 30th september. So expect their users to continue to sell for yuan in order to withdraw ahead of time. Because a lot of trading bots still reference the prices on those exchanges, the sales will drag down the whole market. Just be patient and wait till the end of the month. |
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Are you aiming to accumulate USD or Bitcoin?
If it's USD, then trade against USD (trading against bitcoin will introduce an additional complication as bitcoin moves independently against the USD as well).
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This is not to trash the guy! I am just wondering how much money he made, and still making as they issues new tokens each year?
You all know that Russian central bank is backing him up as loyalist of Putin ( I am not against it, just mentioning facts)
I hates how Techcrunch, and other media is looking down at him.
Vitalik is not Russian. He is Canadian. |
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They will be affected and the only solution for it is to find another country where they can continue their operation. I don't they will just agree to the government by saying "hey, mining is ban and almost everything in bitcoin is ban." Possibly that they have Plan B on it now and looking for possibilities where they can continue their full operation, they are worried as they know the consequences but not totally for all of us.
If china suddenly declares mining as illegal,then there will be a huge problem in confirmation of transactions since most of mining pools and mining farms are located in china.We might face a huge volume of transactions unconfirmed.It may take even week for a transaction to get confirmed.But it would not exist for a long time.New mining farms might get set up in other countries thus decentralizing the mining industry.Then,every thing would get normal but we might have to remain patience for some time.But,it would be good for bitcoin progress on a long run. If that happened the mining difficulty would adjust downwards in just 2016 blocks. So at most there will be problems with transactions confirming for a month. Then things go back to normal. It only adjusts slowly though. Look at Bitcoin Cash when it split off, it took quite a long time before it got back to 10 minutes per block.China is a powerhouse in mining, if they are banned it would be a nightmare for Bitcoin short term. If it is banned, I can imagine other countries doing the same at some point too. If bitcoin got so big that it threatened national currencies, they could just ban mining. Even western countries could just slap a big tax on it, that would end that. It only took a few weeks. Anyway, I'm sure all these Chinese mining operations are looking to shift their business abroad in order to continue - there are other places in the world with cheap electricity. |
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They will be affected and the only solution for it is to find another country where they can continue their operation. I don't they will just agree to the government by saying "hey, mining is ban and almost everything in bitcoin is ban." Possibly that they have Plan B on it now and looking for possibilities where they can continue their full operation, they are worried as they know the consequences but not totally for all of us.
If china suddenly declares mining as illegal,then there will be a huge problem in confirmation of transactions since most of mining pools and mining farms are located in china.We might face a huge volume of transactions unconfirmed.It may take even week for a transaction to get confirmed.But it would not exist for a long time.New mining farms might get set up in other countries thus decentralizing the mining industry.Then,every thing would get normal but we might have to remain patience for some time.But,it would be good for bitcoin progress on a long run. If that happened the mining difficulty would adjust downwards in just 2016 blocks. So at most there will be problems with transactions confirming for a month. Then things go back to normal. |
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Shapeshift charge a miners fee - but their miners fees vary considerably: https://info.shapeshift.io/aboutSo basically open both platforms and test to see which would give you the most in the particular transaction, before proceeding. |
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4. Ripple - Yes I said it. RIPPLE. There are several banks in talks with Ripple as we speak. 3 counties are going to be creating their own digital currency in 2018-2019 and (yet to be spoken about. THEY ALL ARE GOING OT USE RIPPLE) They have the potential for a 6 Trillion market cap. Boring. Yes. True Altcoin, not really. But hey - its gonna make you money.
Ugh. Ripple has been promising things forever and not delivering, It launched in 2013, when there were only about five other altcoins (litecoin, peercoin, namecoin, devcoin and ixcoin), and they STILL haven't managed to make much headway. And that's because the banks have decided they don't need ripple, they can simply use the opensource bitcoin protocol to make their own internal blockchains to move money around. |
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Bitpay acts as an interface to merchants who want to accept bitcoin, and so far they have only accepted bitcoin and not other alts. Theyve now decided to enable bitcoincash as well: https://blog.bitpay.com/bitcoin-cash-wallet-beta/This is big for bitcoincash - it means it now piggybacks on the merchant networks established by bitcoin. |
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Here is an interesting article about why bitcoin is coping: https://www.businessinsider.nl/bitcoin-price-stable-despite-china-crackdown-2017-9/?international=true&r=UKThe cryptocurrency market appears to be unconcerned about a Chinese crackdown on bitcoin, the largest digital coin by market cap.
On Thursday reports that Chinese regulators would require exchanges to shut down bitcoin trading triggered a sell-off of nearly $1,000, bringing the price of the coin below $3,000 for the first time in over a month. Within hours, however, bitcoin recouped most of those losses.
Since then, some of China’s largest cryptocurrency exchanges, including OKCoin and Huobi, have announced they will voluntarily halt trading between bitcoin and yuan and reports of further government intervention have emerged.
Still, bitcoin has nudged up near .72% over the past week, as traders brush off recent headlines as peripheral to the future of the digital coin.
Josh Olszwicz, a bitcoin trader, told Business Insider the markets are ignoring news out of China because it has zero impact on the coin’s actual blockchain technology.
“If it doesn’t affect the protocol, then it’s not a real problem,” he told Business Insider.”The bitcoin cash shakeup was much more worrisome from my perspective, but even then the core bitcoin protocol remained unaffected.”
The decline of Chinese dominance over the cryptocurrency market could also be playing into the muted reaction by the markets about recent regulatory news. According to data from CoinDesk, the cryptocurrency news site, bitcoin trading against the Chinese yuan dropped off from a near 90% at the end of 2016 to around 10% to 20% for much of 2017. |
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In last week bitcoin price because of Chines police regarding BTC and made affect for rate so here China have higher rate it's rights or not
Bitcoin was trading at a premium in China compared to global exchanges, prior to the government's crackdown. But all that changed once the government took action. If you check coinmarketcap.com Now, you will find Bitcoin trading at a significant discount in China.It's because they are desperately trying to sell for fiat and withdraw from the exchanges before Seot 30th. (I don't think they can withdraw bitcoin - pretty sure the Chinese banned that in Feb while they were investigating the exchanges). |
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China is a holder of a great reserve of bitcoin. The crypto currency crisis in China has a big effect in the movement of the price of bitcoin. Bitcoin wouldn't die but it would have a great decline because of China. We cannot control these things from happening but I believe that bitcoin can survive these problems.
Where do you get that idea from? Most bitcoin is held by the early adopters (and satoshi). And the exchanges have the next biggest holdings. All evidence is that the chinese miners sell their coins regularly to pay overheads and to get fiat, which is the main reason they bother to mine in the first place |
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It appears very much that his investors are asking him why his hedge fund hasn't got a bitcoin holding (the best investment performer this year, remember, even with the pullback), and he is trying to justify why he hasn't bothered.
I think we'll see a bit of stealth buying by hedge funds to ensure that they do have some exposure in the future.
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Well the price went over $4000, but has fallen back to test the $3850 line. It's $3888 as I write. Fingers crossed that it can hold, because if it breaks, we go down to $2500.
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There is so many people involved in bitcoin from China that it has been reflected on bitcoin price directly. So my answer is Yes on the pol.
And there are so many people manipulating bitcoin from China, that is a good thing they are "controlled" at this time. There are hundreds of countries, billions of people outside China, so my answer is no. This. We've been plagued with "China bans bitcoin" stories since 2014. It will be lovely when the ban finally comes into effect and the world can move on! |
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