I don't even think you could consider it too convining, cause they're not really doing much to prove anything. I just think it's peoples greed and ambition to prove that they're going to be the ones to make it and they couldn't be someone who would get scammed. People always want to think that they couldn't be the one who would get scammed, it's like anything else when it comes to greed.
Plus once these people are invested in cloud mining they want to get other people in so they ensure that they're able to keep the scam going JUST long enough so that they're paid as well.
Pretty much. It's the same logic that people had with bitconnect who eventually lost the majority of their investment. Cloud mining is seen like a way to passive income, and honestly, who doesn't want passive income and when we were newbies we would have all searched for ways for earning money at home, risk free. So in a sense, yes, it is the greed that is gripping the investors. Keep in mind, we're talking about cloud mining that does not have a verified fleet of miners. Genesis mining is different, you have a chance of making money but it's not that big. The reason why a lot of people even make money from genesis is through its affiliate program, and anything that has an affiliate program should be treated cautiously. |
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Hallo,
As i wrote in many discussion, 10.000 $ still remain a strong support, and only after 4-5 close under 10k we could reconsider the trend. Also each failed attemp to broke 10.000$ make this support stronger, because most traders take the belief that this is indeed a very important level and ther starting to buy every time the price is close to $ 10,000 because they expect a rebound just like happened in the past. Obviously buying on support levels is very risky, but in the crypto world every consideration must be taken with due caution. Personally if I had to go in a bullish point of view, I would buy only in over 11.200 $ or, speculatively I would try to enter around $ 9500.
Agreed. As I've said in my other thread, $10k is the definite support right now, and it wouldn't change unless bitcoin stays under $10k for at least a full 24 hours. And it definitely hasn't happened yet, since when bitcoin went near $10k it rebounded back up to $11k every time. In the event of bitcoin crashing to around $9000, I would definitely buy in, since an adjustment is very likely after the FUD. There is a bunch of whales waiting to buy up cheap coins under $10k as well, which is why as you said as well, every time $10k is near, price has gone up. Right now I'm just patiently holding my coins. We could see $12k being broken soon, and after that the market will turn pretty bullish. |
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halving 2012/peak late 2013
halving 2016/peak late 2017
halving 2020/peak late 2021
That's right. According to all of the previous available market data, you can probably safely say that the year of the halving and the year after the halving are the most active years for bitcoin price, and bitcoin price has always scaled higher in these years. For this year, we're going to see some movement upwards to around $20k or so. Price shouldn't rise too much like last year, we won't be seeing anything crazy like a 6 figure bitcoin price or anything near that yet. I expect bitcoin enter a period of cooling down. I wouldn't call it bearish though since as I just mentioned, price should be continuing to go up, at least in the short run. 2021 would be a real treat for all bitcoin holders imo. |
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Lunar year is on 16 feb, will the market start rising on this date?
Or do you guys think it will rise earlier or later.
Bitcoin's price probably won't have a big correlation with the occurrence of Chinese new year. In fact if anything, bitcoin traders will sell bitcoin to get cash just before the Lunar new year so that they can buy gifts for their family and give out red packets. But the amounts involved are going to be completely irrelevant when compared to the size of the Chinese whales' portfolios. My guess would be that the price will break out in the first or second week of February, if not in the next few days. But then, it could be much later. Bitcoin is very unpredictable. We're already at $12k right now, and if we can hold price up above $12k for a while, then it wouldn't be a surprise to see bitcoin at $15k very soon. |
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I think 2018 will be a bit like 2015 - we will rise a little, but not without a lot of time just treading water wondering whether bitcoin will meet it's challenges in scalingn and mass adoption. The jury is out on the latter - many of the companies that adopted bitcoin in 2014 have reversed their decision as bitcoin became unusable. This year will determine whether bitcoin makes it or is replaced by an alt.
Agreed. 2018 is definitely not going to be a 20x year like 2017, but it's still probably going to make small gains. Right now, the price is only a thousand or two over $10k, and people are still wondering if we'll make a comeback or nah. I think that from 2018 to 2020 we'll see price just go up to around $15-20k and stabilize. We'll see a reduction in the amount of crypto news that we saw from 2017, but still a lot more than say 2015. It's just a natural part of the cycle. It seems like that the year after each halving is where the most gains are being made. My money's going to be on bitcoin going to at least $40k by 2021, but before that I really don't see too much more gains happening. OP, great analysis. I think that $20k as a floor could well happen by April, by the looks of it. |
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Novaexchange announced on its site, that they are not closing. That is great, because it was one of my favorite exchangers for buying ne/exotic coins. Withdrawals work like usual and are fair, except Bitcoin withdraw fee: It is over 0.002 BTC. But that is no problem, because we just can exchange to another coin.
But deposits are disabled on all coins. And trollbox seems still not to be very active.
Nova never was closing. Even when people said that they were closing, what they did in reality was actually send out an email saying that they will be pausing and handing over operations to a new administration team. And all the steps they took was basically in preparation of the handover and user funds should not have been tampered with and carried over fully. Seems like they've already re-enabled it. Novaexchange was one of favs also, I especially enjoyed the trollbox which after poloniex closed its own, was probably one of the best on exchanges. Once the handover is complete, then deposits should be functional again. Great news for all who lurked around on nova before its operations paused. |
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Ok I created a wallet on myetherwallet.com and have my private key... I was wondering if I somehow lose access to the myetherwallet.com website or its unreachable can I use my private key generated by this website to transfer my coins (ETH) to for example the Blockchain.info website?
Im not sure if thats how private keys work, I tried searching but couldn't find an answer.
If you have the unencrypted private key then you'll basically have access to your coins forever. You'll be able to access your ethereum in your wallet no matter what happens to your wallet file or even myetherwallet, whether you accidentally clean your cookies or not. You'll be able to use that private key to access your funds, even if myetherwallet is down, essentially. And once you get access to your wallet, you can then send your ETH to blockchain.info, sign other transactions/messages, etc. You just need to find a wallet that is capable of doing it, like the official eth client or something. Make sure you back up your private keys securely though, you don't want it to be stolen. |
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I fail to understand how it's hard to notice that people aren't just going to give you access to their rigs and ASIC miners and pay you profit from it (without it being a scam) or that these lifetimes contracts are actually going to lead to profits, as companies like gensis mining are only going to pay out if its PROFITABLE FOR THEM AS WELL.
What's so hard to understand here and why are people, joining into this cloud mining scam?
Logically, nobody should be falling for this but realistically, the promoters of these cloud mining sites are just too convincing for newbies. Most experienced bitcoiners won't even look at any advertisement that has the words cloud mining in it. People think that they can make a passive income from cloud mining, build their portfolio with "strategies" that are drawn up by random nobodies on microsoft excel. In reality it's never that easy, you have to earn your income. There is just no way that you're going to get the promised profits on your investment without the site being a ponzi or bitcoin price going up many times in a year. Look, to all newbies out there, cloud mining is only consistently profitable for the website, not you. Otherwise, why are they offering this at all?? |
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As I understand it, merit is supposed to be a way to reward high quality posts that benefit the community, not a currency with which to pay for private services. But there's already evidence that merit is being abused, if that's the right word for unintended use cases. I guess it's a matter of opinion. In a free economy, people will do whatever appears profitable.
Now that I received my precious first merits, I've thought hard about how to use them. The easiest way would be to hand them out one at a time in response to individual high quality posts. But I apprently received mine (first 4, then 6) because the people who gave them to me thought I deserved to make member. So I've also given thought to reciprocating that by specifically meriting junior members whom I'd like to see reach the next level. I realise this isn't exactly what theymos intended, either. But those 'post here if you think you deserve merit' discussions, as well as those seeking merit source status, currently take up a lot of space in Meta, so maybe they would need a sub-forum.
Your merits and sMerits are 2 separate things, so even though you have 10 merits in reality you only have 5 sMerits that you can send to other people. And when you send those 5 sMerits, your actual merit score will not be affected. You're completely right. Merits are not supposed to be used as a currency, it's supposed to a symbol of quality and potentially even a secondary trust score. For it to become a medium of exchange on a free market would be unfit. We've already got bitcoin for that. Plus, if OP's idea was really carried out, then the merit sources can basically do anything they want including selling off their merits. This obviously isn't what anyone intended the new system to be. |
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It would make things a lot easier for people. People could agree to do jobs, etc. in exchange for an increase in merit. It would help users find a predictable and reliable supply of merit, and it could help encourage rapid distribution of merit throughout the forum.
Merits afaik aren't supposed to be traded for monetary rewards and what you're doing here is pretty much that. I doubt that DT members will consider this an unethical way of gaining merits, as someone could easily offer either bitcoins or goods in exchange for their merit score being topped up. I don't know exactly what others stances are on this but I think that merits should only be obtained from good posts and not be associated with a price. Perhaps a subforum could be developed that allows users to blog their ideas, and users have the option to subscribe to their blogs using their merit points... Instead of trading merits for services/goods. I don't think it's necessary though, what it is right now is enough in terms of preventing spam imo. |
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Bitcoin has just broken $12000 on coinmarketcap. That level has been the primary resistance for around 1 week right now. Whenever the price has came close to $12k(high $11k's) the price has dropped to under $11k.  What we consolidate from the above chart is 1. Bitcoin price is slowly stabilizing from the fall. 2. $10k support is very strong, if bitcoin heads that way then it'll naturally go up as a result to pre-correction levels. 3. A move seems likely soon, either way. The price shouldn't stay within this thin bracket of $10-12k for long. I personally think that it's a great time to buy bitcoin, because considering all of these facts, the worst that is going to happen for this and next month is bitcoin going down to a little over or around $10k and no upward momentum builds up. You would be taking a 17-20% loss if that happens. If bitcoin does break out, however, then we shall be looking at $14k as a short term target, potentially $15k. After that though we could be looking at getting to $20k finally. What we will have to see over the next few days is that whether this $12k level can stand the test of time. If $12k's resistance becomes support, then $15k per BTC is just a matter of time. |
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That's what I agree with the most. When everyone is saying that bitcoin's rise is probably over and when the haters are out roaming again, you know that the price is low and you can start to buy some bitcoins again. That time is now. The price is barely over $10k with a lot of potential to grow still. You don't buy when the bulls are saying bitcoin is going to 10x in a year again, because that means the market is overhyped. It should be obvious to the rational player in this market, but some people are too scared of bitcoin going downhill from now. Just think of this - it has already went downhill around 50%. If it was supposed to go down even further, then why has there been stability over the past week? |
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Yes it is. probability by 98%
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant ? there will be no reason to have the fiat currencies?―Tim Draper, billionaire investor and Bitcoin owner.
And here is one way why hold bitcoin, Its price has surged to about 583,170,000% of its May 2010 value. That?s when Laszlo Hanyecz paid 10,000 Bitcoins for two large pizzas, which were worth about $30. That puts Bitcoin?s 2010 valuation at around $0.003 per coin (about one-third of a penny each). History may repeat itself and the price may continue to surge. So shall we buy more?
We will definitely not see rises in the hundreds of millions of percent anymore, but I think that the short term target for this year being set at $20k is pretty reasonable. We can safely say that we can within an inch of that target last year and the markets just experienced a huge downturn, but this year I've got my money on bitcoin hitting $20k by May. There is really no reason to have fiat currency anymore, when bitcoin really goes mainstream. And it hasn't, yet. So when it does you can really expect the prices to soar. People are so worried about bitcoin crashing right now that many are actually missing the point here. Bitcoin is a revolution and a revolution just simply cannot be valued by price alone. If you look into the long term, you'll find that $10k will be a dirt cheap figure. |
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No wonder why NEM is getting dumped so much today. Around a 15% loss, i would have expected more though. I still surprises me every single time an exchange gets hacked, because they are earning so much through trading fees and potentially interest from deposits that you would think they have the resources to completely secure user funds from outside intruders. But apparently that's not the case. Exchanges gets hacked every single year. Just a valuable lesson for anyone. You should never store coins on an exchange, otherwise when it gets hacked your funds could be in jeopardy. |
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Snip
Also take a look at the September crash.  China shut down a few exchanges and the bitcoin markets flash crashed. The price was close to breaking $5k before going down to $3-4k and it was sticking there for a while. We're already at $10k+ right now, even though it's technically bearish atm. It's important to not panic in these situations. The worst case situation is that bitcoin will not make another ATH (which I highly doubt, by the way), but will still make a move upwards before anything catastrophic happens. Selling now is an idiotic move. You're right. Be patient, nothing happens overnight. This recovery is no different. |
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Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.
Isn't that exactly what everyone wants? Bitcoin stability is one of the things that is seriously affecting the practicality of bitcoin for some merchants. The only reason why they are not willing to use bitcoin at this point is the fact that the price can be extremely unstable at times, and if a downward move happens it'll severely damage their business's cash flow. If bitcoin held steady for months, then it would be awesome and it'll prove to people that bitcoin has matured as a store of value. Though, i don't think that the period of volatility is over yet. It is much more probable bitcoin goes up around at least $5-10k before stabilizing, or correcting and stabilizing. Right now, the price is still undervalued. |
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Some positive news Cex have finally updated there situation and have stopped bank wire transfer until they resolve the back log. Also people have been getting refunds to withdraw via alternative methods.
Cex could you please resolve my withdrawal which has been a month now.
up110944236
Ticket 603878
I heard that everyone who has an active pending wire withdrawal has been refunded. If you have then you can just sell the USD funds on their exchange and get BTC to withdraw automatically, or you could file another withdrawal request and wait as much time as it'll take for them to sort this out. They have been pretty responsive over this matter, so if your withdrawal hasn't been reversed yet, then PM them on forum. I think you'll get better results PMing the CEX user on bitcointalk than using their actual support. Good luck, i've listed out your options and it's up to you to decide. But first you'll need to get your USD balance back. |
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Every day I see, more and more, post about cloud mining services. So as someone who invested in various cloud mining services back in the day, and still checking out some here and there, I wanted to write a post about that.
As we all know, huge amount of investments is needed for bitcoin mining and with mining difficulty going up, that power is needed to be upgraded or simply discontinued because of the lack of profit.
Now I'll be speaking from my point of view and my experiences with it. I've invested first time, in cloudmining, in CEX.IO service and actually little by little got a ROI after a few months (was also trading Gh/s but they've stopped selling gh/s now due to unprofitability) also I've made ROI with some russian cloud mining service as well (think it's closed down now) and I've barely invested 20-30$ to start with at both.
Today, most are scams simply because bitcoin cloud mining isn't viable because of fees and rising difficulty and hence the whole concept gained bad reputation, even tho there may be some legit ones besides genesis.
I've stopped investing in cloud mining today but still like to check out new services that come out and see what are they offering and how realistic it is. So here's how I throw away some services as scams, that's if they're:
- offering huge ROI for a small investment
- website that has nothing but a dashboard and buying power pages (poorly made)
- is solely mining bitcoin, none of the alt-coins (huge red flag for me)
- offers lifetime contracts (can depend)
- their FAQ is only about how much are they charging and how to deposit (nothing about who/where they are or equipment they're using)
- everything about their business is 100% good, working and just merry.
That's why I tend to trust businesses more that actually discontinue the selling of mining power due to it not being profitable (cex.io) and actually putting a disclaimer about investing that it might not be profitable and should not be considered as a primary source of income (EoBot).
Again, this is not me telling you to go and invest in cloud mining and vice versa, just saying that there still may be some legit ones that are actually focusing on various profitable alt-coins rather than just bitcoin. Do you own research before investing and DO NOT invest more than you can cover.
Any feedback would be appreciated. Thank you.
The problem with most newbies these days is that they think cloud mining is an easy and profitable way of making quick bitcoins. There's a whole lot of youtubers out there that are affiliated with cloud mining networks, and newbies will obviously see their profits and think that it's reliable, passive income. There are defintiely legit and profitable opportunities out there, but they depend on altcoin prices. SHA-256 mining is definitely not that profitable anymore, and that is if you get any profit to start with. And even if you make profit off altcoin mining, it is unlikely that you would have made a lot less from just investing in the altcoin itself. Other than it being a way for newbies to get to know how the business works, I just don't see anyone making a long term profit off just cloud mining. |
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https://imgur.com/fksWvpKthe photo says it all..does it seem like those signal groups(P&D) asking u not to put sell walls so it could moon? The devs/telegram admins are asking investors not to sell their coins because it could moon to $1.. another "lending platform". Can't believe how many newbies have been conned into this scam. look at their ann thread, admin shilling their own coin https://bitcointalk.org/index.php?topic=2349849.0I hereby warn everyone here not to get in or you will be the one holding their huge bags. There's a reason why they couldn't get their coin listed on coinmarketcap. Because it's simply not worth it. Even shitcoins like eBTC have been listed on coinmarketcap, and i think that demonstrate just how bad a project they are leading. if your screenshot is real and the person saying this is indeed the admin then there is no doubt this project is going to be a scam/complete and utter shitcoin. The admin is promising a price that will be reached, when it should be known even to the newbie that that is impossible. And these pump and dump groups are just full of shitcoins as well. They make money off promoting shitcoins, and any coins that are being promoted there should be discarded off your investments asap. |
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Momentum is definitely weak right now but i do think bitcoin will rise to $14k this month or the next. Simply a matter of time. People are paranoid that this may be a bull trap and the whole thing comes crashing down after this small adjustment, but as time goes on and bitcoin just stays at around the current value, they'll realize that bitcoin isn't going anywhere downwards, at all.
The support has been raised from $10k to $11k, it seems. But the first barrier that bitcoin will need to break on the way up is $12k, and turn that into the floor. Yes, we've broken $12k multiple times but it just never stuck.
My personal strategy right now is to buy when you still can, and not sell when the price is low. I'm holding through this.
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