I think the worst enemy is the bankers, crypto will be the end of banking, as there will be no need for them, thank God for that, The bankers are the biggest criminals in the world.
Nah. The banks plan on co-opting bitcoin and setting up Lightning Hubs to operate the Lightning network on top of Bitcoin. That's why big financial firms like AXA poured money into Blockstream. Basically everything will end up going through a bank middleman, and they will take a cut, just like before. |
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I use www.bitfinex.com because I really like their trading platform and website layout/design. You can do Limit, Market, Stop, Stop-Limit, Trailing Stop, and Fill or Kill trades. They have most of the main alt coins so I trade there and transfer my BTC/LTC/ETH to Coinbase when I want to cash out (I live in the US). Bitfinex is based in Hong Kong (I believe) and doesn't do transfers to US banks any more (because the US rules and regulations mean it costs far too much) so just use Coinbase to withdraw like I do. Bitfinex have banned all American users. OP - have a look at the following list, which shows all the exchanges that trade Ether: https://coinmarketcap.com/currencies/ethereum/#marketsThere are American exchanges on there like Gemini (which is owned by the Winklevoss twins and is licenced and regulated). |
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It's just a bit of profit taking. Cryptocurrencies are way more volatile than stocks and shares, and sell offs happen for the most trivial reasons (because no-one is sure which alt will be a success, which means selling quickly is often the right strategy).
I'd advise you to go to Coinmarketcap and take a look at the historic charts for all the alts. This is 6486th time this has happened, or something close to that!
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Ir's not a crash until it's a 15% move down.
Even if the price turns out to decrease with 15% from current levels it can't really be seen as a crash. In my book, a crash would be when we see the price decrease with a minimum of 25% in value. We simply shouldn't discard the fact that even though the sentiment is hovering at record highs, the market was severely overbought, and for that reason people were expecting a correction to happen. From here we'll find out how strong the support for the $4000 mark is in the coming days. It will be a great moment to buy back for those cashed out profits, or a great moment to enter the ship for the waiters. It's going to tread water for a few days till the next difficulty adjustment, which should kick in 4 days time. It should adjust the difficulty upwards - whether this means the miners still to it or decamp to BCH causing backlogs in the mempool is anyone's guess. But we're still in a very unstable period where no-one knows which chain will prevail. |
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HitBTC have a huge number of coins listed. according to Coinmarketcap, they have about 148 pairs to trade: https://coinmarketcap.com/exchanges/hitbtc/You don't need verification to use their exchange - just an email and password. |
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In dollar terms, doge is at a pretty good value (higher than it's been for several years).
It's never going to die - that's because it's low fee and fast confirmation make it ideal to move coins from exchange to exchange without being stung by fees.
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Well guys, is it still a correction?  Yes - it's only a 5% move. Ir's not a crash until it's a 15% move down. |
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Kraken Support refuses to either credit the coins or return them back to me, even though they have the key to access the wallet.
You've got that in writing from them? Or is it just that they haven't yet got round to responding to your support ticket? On Kraken, when you go to the funding page, you have to click a button saying that you understand that you have to deposit to the correct address and they are not liable for your mistakes. Pretty sure that's in their terms and conditions too. |
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Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.
However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?
The pumps shouldn't be over just yet. Bubble is going to keep going as it seems because if it were crash, it would have crashed completely at this dump. But the floor couldn't be broken at $4600 so now we are back up to $4700. Definitely going to retest the $5000 later this month, probably next week actually.
But i sense that people are being a lot more cautious right now than before. The profit takers are acting pretty fast, they don't seem to believe that the bubble is going to last much longer. This should be an indication that the bubble MAY be coming to an end soon. Nah. I think it's going to retest the resistence lines at $4400 and $4200 in the next week. And only if it manages to stay above $4000 will it try to retest $5000 again. |
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what do people think the long term future of this coin will be though??? what is the ceiling and the floor for this coin, i hear some people thinking the floor can be under $100..... also do we think BTC will fork off again into more coins in the future ?? This crypto currency market is crazy, BTC at all time highs now dipping too, gotta be prepared for these up and downs
It depends on the take-up of segwit. And also who runs the lightning hubs. If they're run by banks, then we've just got the existing financial system grafted onto bitcoin so they can take their cut. Which then means that if you want the original bitcoin, you need BCH. I'd hold your BCH, "just in case". |
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You practically mentioned every shitcoin which only are here to do one thing> to make their bag holders rich, of course there are some among them with ICO distribution, investors are running the show I don't know why devs take initial money. lol
I'll have to hand it to you, the level of sophistication is taking me by an awe, last lol.
This. Too many ICO coins in there, and precious little innovation. |
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Why should users realize that Litecoin is the same as Bitcoin? Litecoin is a different coin and has been so for over 5 years already. In fact, Litecoin is better in utility than Bitcoin (cheap and fast transactions and now higher profitability) but its adoption still sucks. And, in my opinion, it sucks specifically because people always thought that Litecoin is (was) essentially nothing but a clone of Bitcoin. If anything, Litecoin is a lot better than Bitcoin, and it is better if only because for it being heavily underpriced and undervalued presently (read its profit potential is way higher)
Adoption is increasing though. A week ago litecoin was only doing 20,000 transactions a day, now it's up to 42,000 transactions: https://bitinfocharts.com/comparison/litecoin-transactions.htmlThat said, I doubt anyone is going to use segwit or atomic chain swap with litecoin. They've only added these features to give the speculators some "news" to hang a pump onto. |
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https://www.coindesk.com/btc-es-big-claim-bitcoin-withdrawals-begin-tomorrow/BTC-e, the long-running and controversial bitcoin exchange targeted by US authorities last month, has claimed that users will be able to withdraw their funds beginning Saturday.
As previously reported, BTC-e – after its original domain had been seized by law enforcement following the arrest of a Russian national and the levying of a $110 million fine for money laundering violations – said it had secured "55 [percent] of the funds" originally held by the exchange, with the rest being confiscated. Yesterday, BTC-e renewed access through a new domain, allowing users to check their balances and communicate through the chat box.
In an update, the exchange said that users would be able to withdraw the portion of their funds still available – provided that they accept a deal which would see BTC-e issue a debt token aimed at making up for the confiscated funds.
The statement reads:
"On September 2, 2017, it will be possible to withdraw 55% of the funds from the account...on the condition that our debt obligations are abandoned to the remaining 45% of funds in the form of tokens. More details about the conditions, the principle of calculation and the form of output will be available tomorrow."
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When you don't deliver what you promised to deliver in lieu of value received, you are a fraudster. If your website advertises The easiest place to buy, use, and accept bitcoin, ethereum, and litecoin. Using digital currency has never been so safe and easy. and yet you have terms and conditions which negate that, you are a fraudster.
Complaints will keep soaring for as long as people don't realize that they are dealing with a tolerated fraudster. A fraudster with FinCEN credentials and the government's blessings to operate with impunity. Doesn't it surprise anyone how easy and fast it is to inject funds into the Coinbase system and how difficult and cumbersome it is to remove those very same funds or coins from their coffers?
And of course their spokewoman declined to comment on the CFPB complaints. Silence is the best defense.
It's a combination of several things - yes, Coinbase should have forseen the jump in interest from the public and should have added capacity and made their systems more robust. But they've also had to cope with mempool problems and delays in transactions being confirmed. Just prior to the August 1st fork, they actually warned people to withdraw in advance because of this, and STILL had problems because some people left it too late, plus everyone and their dog was withdrawing from all over the place, which meant serious mempool backlogs. That's why I'm surprised they haven't embraced bitcoincash - the 8mg blocks solve the problem and eat up the mempool very quickly. |
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Don't want to scare anyone, but here is what Goldman Sachs wrote on 14th August: http://uk.businessinsider.com/bitcoin-price-technical-analysis-goldman-sachs-top-2017-8Sheba Jafari, the head of technical strategy at Goldman Sachs, wrote in a note sent to clients on Sunday that because bitcoin was approaching her target of $3,691 (which it has since passed), an extension wave five of this move could take bitcoin all the way up $4,827 before a correction pushes it all the way down to about $2,221. She was right in the first part of her prediction in that bitcoin blasted up to $4827+. Whether she is right about the correction following that is anyone's guess. I dont think that it will go to that level of downward we can see some correction and going till 4200+ level but below that it will start the panic selling and then we cannot see how much low we can see because now 5k is the sentimental price which once crossed it will move more 400 to 500 usd upward. Nothing will surprise me about crypto anymore. My feeling is that the push towards $5k happened just too fast, and people started getting cold feet and cashing in. Also, the next difficulty retarget for bitcoin is in about 5 days time according to the following site: http://fork.lol/pow/retargetI expect the difficulty to increase, as btc has been doing blocks every 7 mins. If a difficulty increase is combined with a drop in price, we might see miners switch to the other chain causing backlogs again. |
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Don't want to scare anyone, but here is what Goldman Sachs wrote on 14th August: http://uk.businessinsider.com/bitcoin-price-technical-analysis-goldman-sachs-top-2017-8Sheba Jafari, the head of technical strategy at Goldman Sachs, wrote in a note sent to clients on Sunday that because bitcoin was approaching her target of $3,691 (which it has since passed), an extension wave five of this move could take bitcoin all the way up $4,827 before a correction pushes it all the way down to about $2,221. She was right in the first part of her prediction in that bitcoin blasted up to $4827+. Whether she is right about the correction following that is anyone's guess. |
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Yes, we had to pay for the license. We were the first and the last people to do so. As it does not exist anymore (the license).
Are you sure the licence system doesn't exist anymore? |
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