The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move?  There's still a lot of FUD around previous things, mostly around the tether/bitfinex situation and then facebook ban on crypto ads. Couple that then with new FUD today about India BANNING crypto (India is not banning crypto, please read the news yourself to see this is true). |
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The printing ratio of tether to US dollars were supposed to be 1:1. But the current rumor circulating around is that the standards is not maintained and may have enormous effect on the price of bitcoin.
Tether were founded in 2015, and were connected to Bitfinex exchange which are in charge of printing this tether. A recent report on 24 January alleges that tether may not be minted independently of bitcoin price and may be created when bitcoin price is falling (only printing in response to market conditions). But from the rumor that this condition is not maintained. What do you think about tether printing effect on bitcoin price?
My understanding is this, it could be incorrect but it's what I landed on when thinking about it. So let's say initially BTC was at $1000 and then tether was introduced. USDT/USD is 1:1 and so BTC price in USDT is also $1000. Then you begin to print Tether and suddenly given the supply of Tether has increased, its value should fall. Therefore you must offer more USDT to receive 1 BTC, then we may see a price of $1500 USDT per BTC. Given that it is told or accepted that tether is pegged to USD and there is a reserve, the price of USD/BTC in turn will increase. Effectively meaning the BTC price can be inflated by printing more and more tether, essentially creating demand out of thin air. So if that has been going on then the price could have been artificially inflated, Tether's market cap is only about $2bn but it doesn't take a huge sum of money to move the market. |
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Just a few days ago, Mark Zuckerberg said about Blockchain Technology:
I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.
and now we see the result of it :
Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook. We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.
Banning cryptocurrency-related ads will affect lots of legitimate businesses in crypto space and Mark Zuckerberg knows that, So I think that Facebook by taking this action is showing no interested in Blockchain technology. These are two completely independent things. Mark Zuckerberg or facebook in fact, believe that they should not allow people to advertise using their service with the intention of misleading people in to investing. This is what many ICOs did and many investors lose out because of it. Rightly or wrongly that is their choice but it has nothing to do with believing in blockchain technology or not. My personal opinion is that they should let the ads run and it's the consumers responsibility to do their due diligence and make well informed decisions but evidently at Facebook they feel it's their responsibility to try and protect their user base from their own stupidity or naivety. |
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Verge is a big one for me too and I've done similar in trading the volatility to grow my holding, it's always a good strategy for the coins you believe in. I like the look of TRON also and have done a similar thing. Both coins I got in to a little late for my liking but fortunately not right at the top and I have high hopes.
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All the fud and whales taking profit,slowing down progress in crypto.no wonder new money is not coming into market .perfect opportunity to short the market. I don't need new money to come in to profit, I'll just take a chunk of what's already there . In my opinion this is very healthy. Lots of weak hands exited crypto lately. Serious investors and hodlers remain.
Absolutely correct and people who are there right now does has complete knowledge of cryptoworld. Though this has created lots of panic in the market and will take lots of time to recover but still has created opportunity for new investors to create some money from this market.At the same time it is a reality check for those who blindly followed bitcoin. This is what always happens in the market, within reason the price and direction is decided by a few whales, they can spread FUD and push prices lower or higher than they should be so as to fuel their own profits. It's not something you can change, but you can learn to recognise it and exploit it in your own way. |
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Hello,
I read several messages on the internet and I heard from several people I spoke that if you want a quick / big ROI from an ICO it is better to invest in an ICO project with a low hard cap.
What is considered as a low hardcap? Is it 10 mil, 20 mil?
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I also heard about to look at the total supply of tokens if you want a big ROI.
What are your thoughts on this?
Thankx.
Total supply of tokens is used when calculating market cap and that's why it's considered. I'll just go to talking about market cap now. There can be no fixed definition of low or high, it all depends on the function and potential of the project. The best way to consider it is to look towards the competition. Generally anything under 10m would be quite low in terms of an ICO goal, under 1m-2m would be really quite low. |
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Trying to work out what bitcoin's total market cap is as a % of the total dollar plus bitcoin monetary base (for my dissertation). Have read it was 0.14% in 2015 when the total market cap was roughly $5.5bn but now at $191bn it's increased.
The dollar monetary base is 1,606,695 million (1,606,695,000,000)
Bitcoins current market cap is $191bn.
I keep getting an answer of circa 10% which seems like far too much.
Any help much appreciated!
Thanks
Well the numbers add up, so unless you've got incorrect data then you're correct. If you say it was 0.14% when the whole crypto market cap was 5.5bn then I would guess bitcoin alone was at maybe 4.5bn-5bn, it would mean it's increased by about 40 times since then, assuming money supply has stayed the same, giving you about a 6% answer. Perhaps you should look in to what definitions were used when considering the monetary base. |
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im withdrawing my BTC in mercatox, and its almost 4 days pending. but in the transaction in sending token is almost a minute to send. what is the cause of this slow and pending transaction of BTC in MERCATOX??
They may have a backlog of withdrawals and need to process them all manually or something like that. So often exchanges are very slow with withdrawals, it's nothing to do with the blockchain it's just a delay in them releasing your funds. |
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My portfolio is:
PRL
WAVES
VEN
POWR
XSPEC
AIX
BNTY
MRT
CAPP
Any improvements?
You need security and strength, that you'll get from the major coins, add in some Ethereum and some Bitcoin, these will greatly reduce the riskiness of your portfolio. |
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Cool video, copytrading is something we'll see more and more of in the future if some people can successfully make a name for themselves as being successful traders and they're willing to allow people to jump on the back of that. I don't think we'll see any day traders or such doing it but people looking to trade medium term or in other words invest will always benefit from increasing awareness about the coins they are holding.
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I'm not an Arsenal fan but have to admit this could be absolutely HUGE for Crypto. Arsenal may be a push over right now for clubs like City, Utd, Barca etc but you can't win against the Arsenal internet brigade. Their fan base is massive. Now we'll see Robbie , DT and Troopz making videos about Crypto for ArsenalFanTV, haha  That would be really great to see! Troopz giving it the massive one on ArsenalFanTV about bitcoin and cryptos. Arsenal have a massive global reach and this can only be a good thing, as more and more people see cryptos starting to be accepted the interest will only grow. |
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Do you an experience of investing in ICO? Was it a good experience? Have you raised anything?
I have invested in a few ICOs, so far I've had mixed results but overall they have been strong and positive results, the success stories have greatly outweighed the negative stories. Always take your time and look for something you believe in instead of just following what others do. |
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I wasn't investing in Cryptos back during 2017, only started by investing into IOTA in early December 2017, and now also in ITC coin (the Chinese IOTA) 2days ago.
During 2017 basically every single crypto coin rose thousands of percent though, with the majority of that surge coming during the Autumn.
But so what was going on in the crypto galaxy during 2017 (and especially the autumn) that caused those huge constant up moves, which is now missing from the crypto world??
Quite simply, hype. Bitcoin price broke various levels in 5k and then 10k and that really put a lot of publicity out in to the world and brought in a lot of new money. There was also a good period with no negative news in terms of regulation etc and bitcoin fees were low. Generally when bitcoin performs well the rest of the crypto market performs well. |
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~2024 BTC reached 21M BTC, the miners will now be receiving the transaction fees without the generated BTC.
Will this be enough for the large scale miners to operate profitably? We do not know the energy costs in the future, but a guess is that they will not be lower than today. (Maybe some of the mining farms will have solar panels on the roofs?)
On Dec 22nd, 2017, the mempool size was at it's largest level which sent the average transaction fees to a all time high. The people that were on the bottom of the mempool needed to wait quite some time to have their BTC transaction completed. Will this be the scenario in 2024? High transaction fees which will incentivise the miners to continue operations?
Or will it be unprofitable to run a mining farm with low transaction fees? If that is the case, BTC will just have smaller mining operations which may slow down transactions?
With all of the 'alt' coins around, maybe they will be the choice for transactions? (Anonymity, low transaction fees and fast confirmations)
We are a long way away from 2024, the market will always lend somewhere that works in one way, and by that I mean miners will feel fairly rewarded and transaction costs will be fair as well. Often times we stray from that but ultimately we come back to it and that's in large parts thanks to the great developers who are always innovating when it comes to bitcoin. |
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I do not know the problems with internet technology. But the blockchain has been around for a long time. I think this is not far away. At least in my lifetime can be seen. What do you think?
It is beginning to do so more and more, more and more new coins will have real world uses that extend beyond just payment options. I think we'll see a major breakthrough in the market in the next year or two. |
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i think bitcoin will rise again,up to 1M in december hahaha,because last year bitcoin rised to 1M in december.
1M is the price of beyond common sense. If this year, the amount of bitcoin left is just hundreds of pieces, maybe 1M will come true. No, no, December 2017 bitcoin only reaches 20k instead of 1M. Majority has already predicted 2018 to be the death of BTC and rise of altcoins. BTC at this stage won't go beyond the previous peak (19-20k) anytime soon before the transaction speed and fees are fixed. This is also why 3rd and 4th gen currency coins (instant transfer and zero transaction fees) are currently gaining a lot of momentum as well.
Maybe this is true, and by that time Ethereum will advance as The King Of Crypto shifts the position of bitcoin. As said, $1m this year is just pure fairytale thinking, best case scenario it can reach something around $100k and $1m in a few years. Even then it's really a very optimistic outlook. Altcoins can really begin to harm bitcoin as people become more and more knowledgeable of them. |
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It clearly depends on how are you trading after all, and if you are doing your trade during a good day when everything is on green numbers. If you are trading RIGHT NOW, your balance will be a bloodbath. I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?
I think that's the skill of it and I feel as though many of the responses are people who get carried away in the good times. I think you'll really struggle to find someone who has made 5% daily over a year or more and especially if it's compounded. By that I mean say you start with $1000, next day you make 5% on $1050. 5% on an initial amount is possible but I don't feel like it is on your starting daily balance. |
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Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.
It's probably a good step, it reduces the possibility of multiple accounts being used and it also protects the ICO in terms of legality. From my understanding it's a bit of a grey area legally because bounty hunters are not investors so shouldn't technically need to give up their info, I think many ICOs now are just doing it to be extra safe. |
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I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?
Maybe with small amounts yes, with larger amounts probably not, 5% a day would be an absolutely monumental return if you were to achieve that consistently over a year or so. |
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Yeah, BTC breaks above 12K today, though I don't buy it when it' around 10K, I don't regret it since I'm not quite so sure if price has touched the real bottom, whnt do you think? Also, today I brought an original analysis from a Chinese analyst Kuang Ren, you're free to leave your comments below: BTC:As you can see, lower end of the range is around $13,000, which seems difficult to be broken though we’ve seen an expansion in volumes. Such wave of uptrend opens a window for us to dump chips after a sharp dip with expanding volumes. Do Not chase high as we’ve seen no signs of weakening momentum from bears. Decision on further operation can be made when price re-tests the bottom. Original by Kuang Ren, translated and posted by AICoin Jami. You can find the real-time price information and news here: https://www.aicoin.net.cn/chart/D331D4E2I feel as though the bottom has been and gone and we won't retest 10k. In fact soon I think we'll be back above 15k and at worst be testing similar levels to where we are now (13k), as was the case just around a week ago before the FUD storm. |
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