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Are you American? If so, your best bet is to open a Coinbase account. They will allow you to sell your bitcoin for USD and then withdraw the USD straight into your bank account by direct deposit.
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I've been in crypto since 2013, and the only alt that has had genuine long term potential has been Ethereum.
All the others are a flash in the pan - good for short-term trading but that is it. Maybe Monero has a bit of potential because the dark markets are switching to it from bitcoin. But that's about it.
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It's a good idea - it might be worth writing a scrypt to pull in news from around the web about each ICOs as well.
People may have written stuff on this site, reddit, steemit, medium and if you pull in a feed based on the ICO name as keyword, users of your site will have all the info they need in one place.
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There are other miners other than Chinese miners. I am sure we can survive it even if the miners in china closes their operation. Miners from other countries will pick up the slack.
This. Mining was manly outside of China before 2013 and the ASIC revolution. If China bans mining, mining rigs outside of China will take up the slack (remember that the difficulty will simply adjust down after 2016 blocks, so it only involves a bit of pain for a month or so. |
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But notice something very important: In the last period, the search volume has gone down, yet, the high price has been maintained. Look at how the gap from the search volume line (blue) to the price one (orange) has increased. This means that even if people stop googling it, they don't sell, the price is maintained.
I can imagine search volume and price will skyrocket once we get lightning network and sidechains. That will be the ultimate gamechanger.
Yes - and that probably means we will either tread water, or go below $4000 till new money comes into cryptocurrency. |
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That chart is brilliant.
It looks like the percentage declines are getting smaller, and the duration of the declines are getting smaller. The only reason bitcoin moves as much as it does is because the marketcap is still pretty small, so easy for a few players to move it. Once it becomes truly gargantuan, it will only move by a few percent.
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With most alts, there is no intrinsic value, so you make your money catching pumps, where you accumulate some cheap coins, wait for a pump and then cash out. Most coins on Poloniex and Bittrex end up getting pumped at some point. The trick is to not fall in love with your coin and think it is a bitcoin killer, and cash out when you have made your profit.
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http://uk.businessinsider.com/bitcoin-price-correlation-google-search-2017-9The current price of Bitcoin has a 91% correlation with the volume of Google search requests for Bitcoin-related terms, according to a study by SEMrush, a search engine marketing agency.
The study used a database of 120 million US keyword searches linked to the cryptocurrency. It showed that the price of Bitcoin in US dollars rose and fell largely in tandem with the number of search requests for terms like "Bitcoin," "Bitcoin price" and "Bitcoin value."
At one level, the study merely confirms the obvious: As Bitcoin becomes more expensive, and thus more exciting, more people search online to find out how it is doing. On the other hand, it is nice to see statistics confirm your hunches. While the study looked at the correlation between searches and prices, it did not — sadly — say whether searches predicted or trailed the Bitcoin/dollar exchange rate.
Bitcoin searches have gone up 450% since April 2017, SEMrush says. The data in the sample is about a week old.
Since June 2017, online searches for the price of Ethereum, another digital cryptocurrency, have almost equaled Bitcoin searches, SEMrush says. Here is the Bitcoin chart: 
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lucky for me I had changed all coin to usdt and wait
Well be careful, USDT is not properly backed by dollars, and can be sold down to worthless levels. You'd have been better off buying bitcoin, transferring it to a cold wallet and holding. |
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What would you suggest? I want to buy some Waves. Is it better to wait for the Chinese to close the exchanges and hoping for another drop or buy it later when it calms down?
Anybody knows what is happening in China? Can they access to foreign exchanges or not?
I had a look at coinmarketcap - https://coinmarketcap.com/currencies/waves/#marketsIt doesn't look like the Chinese exchanges have waves listed at all. And Chinese investors can't trade on the western exchanges because of the Great Firewall. So the only effect China will have on this coin is "sympathy selling" where western investors sell all sorts of coins in a blind panic "Beacuse China". |
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today's bitcoin prices have started up again about $ 3850, what would you do with this?
It has broken the $4k level today, even though it was quite brief. I think that the resistance is still at $4000 or so and traders seem to be hesistant to buy at any level that is above that. I do think though that the price is going to come up again after this short adjustment down to $3900, to perhaps around $4200-4400. It could be the start of another bull run that gets us over $5k. This. If it could stay above $4000, then we could certainly end the year in style. If it can't break $4000 though, then it's heading south to about $2500. |
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The Japanese can accommodate all exchanges. But China's actions is just the beginning of the struggle against crypto currencies. I think that soon this struggle will join US. Then the problems will intensify, but if not to lose faith in the future of crypto currency we can win.
The United States has legalised bitcoin, as have most western countries. China is an autocracy, and those types of places are usually terrified of things like bitcoins. I predict that the dictatorships of the world will ban bitcoin and the free countries will use it, and the gap between the two will become larger. |
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Bitcoin has now broken back over $4000, people!
It's $4045 on Bitstamp. Hopefully it will hold over the $4000 mark. I hope the people who bought at $3000 are feeling very happy.
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https://www.cnbc.com/2017/09/18/cryptocurrencies-major-bitcoin-conference-flees-as-china-cracks-down.htmlA major bitcoin conference has suddenly jumped from China's capital to Hong Kong — which has greater freedoms than Beijing — in the face of a Chinese government crackdown on cryptocurrencies.
The Blockchain Global Summit hosted by BitKan, a company specializing in bitcoin trading and services, was set for Sept. 10 in Beijing, but it was postponed just a few days before it was set to kick off. The conference was then quickly rescheduled to begin Sept. 20 in Hong Kong.
Chinese authorities, including its central bank, early this month banned the new issuance of digital tokens to raise money for a project or company. China has displayed much greater mistrust of cryptocurrencies — computer-generated assets that aren't tied to government authority — than other countries.
BitKan responded to that ruling on "initial coin offerings" (ICOs) in explaining its decision to move the conference.
"As the summit host, the event team in BitKan carefully balanced the pros and cons of the risks of Beijing's city security updates and the ICO supervision from the central bank. Though we have reported to the local enforcement and there will be no ICO related contents on the summit, we decided to change the time and location of the summit to lower the risks of being cancelled," a notice on BitKan's website said.
The company added that "most" of the people scheduled to give lectures and speeches at the event would be able to attend the new Hong Kong version.
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Don't forget soft cheese! China even banned soft cheese. http://money.cnn.com/2017/09/08/news/china-soft-cheese-import-ban/index.htmlThe future of bitcoin is in the west - western govts like it because they can track payments and therefore collect tax, and if the banks fail AGAIN, they don't need to bail them out this time, just direct people to the bitcoin network instead (an option they didn't have in 2008). That last bit is pretty much the reason why the USA legalised bitcoin. |
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Most trading engines have a minimum amount of about 50,000 satoshis worth (with some it's higher) per trade.
Just google the different trading platforms, they should list the minimum trade amounts in their FAQs.
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So its probably a scam ?
Nobody knows. If it turns out to be a legit exchange with decent volume, then those WCX tokens will be worth something. It's hard to launch an exchange though, especially these days when you need licences to trade in certain areas. |
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Nah... if Bitcoin loses China it will be put back a few years, but nothing it can't handle in the long run. The world market is big enough without China. Ofc not! if its banned in China maybe the time of mining at our basement would be profitable again even the average joe can earn by mining again.
See, China banning Bitcoin mining is one of the worst case scenarios and it would actually improve network decentralization. We'd lose a lot of hashpower, but it wouldn't really matter as there's a lot of old mining rigs just waiting to be re-activated. And the difficulty will adjust downwards anyway, so all those old mining rigs will easily cope. China is just shooting itself in the foot. Bitcoin was one of the few areas where they led rather than followed, in teh devlopment of ASICs etc, and they've just gone and trashed their advantage. |
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I would HOLD.
The real test is whether bitcoin does a second hard fork in November, and that drama will likely make people rush into bitcoincash. Plus there is bound to be a pump of BCH at some point (the backers of the coin will ensure it).
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Actually at the moment I am wondering on what has changed.
Are there any new developements during the past two days that I am not aware of?
Or is the recent increase just a consequence because we had no bad news, and bitcoin follows the upwards trend it had before the rumors?
Just short-covering. People went short last week on the China news, and now they are closing out those trades by buying back lower. But if everyone does this at the same time, you get a surge of buying that pushes up the price. |
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