|
Looking for evidence to back it up might be something unachievable because its what exist that can be found and since they are not coming out officially to declare their position, every other source becomes unverified which is not what should be relied upon but at the same time, banks are audited, file their returns, submit reports to regulatory authorities among other things they do which I am sure they would be flagged should in case they put large amount of investors money in something so volatile only if they will be doing it without disclosing its purpose.
|
|
|
|
Dear Bitcointalk community, we all love Bitcoin because it has some great features, but what will happen when another cryptocurrency will be used as much as Bitcoin? Mainly because it has all the things Bitcoin offers but better? I wrote an article about this idea on Steemit and I would like to hear the opinion of some Bitcoinveterans. Please tell me what you think and don't hold back your criticism. https://steemit.com/crypto/@lumining/the-next-bitcoinWe have seen several alt coins coming out to say they are better than bitcoin but unfortunately they have not been able to live up to expectation. Let's just hope we see that one which I am sire everybody will know but until then, there is no point going beyond the time and predicting the future. |
|
|
|
The post is still very much relevant even at this present day and no one can dispute the fact that even the political class who are saddled with the responsibility of turning things around have not been able to do much in the last five years and those category of people have equally not been banked from my point of view as the increase is just those people who are already banked are increasing the number of banks accounts they are holding. |
|
|
|
OMG you are so proud of BTC and promoting it in this thread. Why dont you buy? You can even buy at the price of $5. If Bitcoin reached $10000 your 5usd worth of btc will become worth $10 I'm waiting for this to happened! I'll record myself and do the (fake) seizure thing and upload it to YouTube to get views for $$$, I hope this will (not  ) happened, 2017 will be the best Year of Bitcoin History. "BTW, I still have 0 bitcoin since I live" I still don't understand what people always think that bitcoin will just jump to $10000 simply by them looking at how things unfolds but unfortunately if that's how it works, bitcoin would have been $100000 but because someone people are taking active participation, that's why its what it is and its equally on us to do same thing. |
|
|
|
If you don't know, insider trading is a practice on stock markets when people buy or sell assets while having access to some nonpublic information about the asset. The question is - is there non-public information about Bitcoin, and are some traders using it to their advantage?
My list of suspects:
Developers. They can tell about upcoming updates to some limited group of people at first, which will give them and edge over traders who don't know that information. Some bull runs might be caused by leaks about major updates. For example, we might see Lightning Network go live soon, and this might have been priced in already.
Miners. Miners have their bluff card called hard fork. It can really scare the market, allowing them to buy cheap coins, because the price will bounce back as soon as it will become clear that there won't be any fork. For example, there was a big crash before SegWit signalling period, as BTC dropped to $1,800 because of fears that the voting will fail.
Regulators. Remember "China will ban Bitcoin" FUD? People from regulating offices can use or leak information that will have a significant impact on the price.
Exchanges - they see deposit and withdrawal flows and can react to them. If exchange operator notices a huge incoming BTC deposit, they might assume that those coins will be dumped, so they might try to open short position before that big deposit gets confirmed. Exchanges can also have some influence on the market in chain split situations.
I think "buy the rumors, sell the news" is a much better method of trading than watching on charts and applying technical analysis, which is essentially gambling with some small positive EV if you do it right.
Insider trading has always been a potent part of the game and even in the fiat world that can be tracked not to talk of the crypto world where anonymity is the other of business and those people are not the only ones guilty, you didn't mention the admin sites of pump groups who has a lot of followers and knows before hand the coin to be pumped even before announcing to the group that's also an element or insider trading when looked at intuitively. |
|
|
|
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
All these you have mentioned is actually not compulsory that its to be made because of the checklist, I am actually guilty of say 1 and that was during my early days of trying to get my feet in the crypto world in which I regret greatly but for others I didn't wait to make the mistake before I learn it. |
|
|
|
i think it will be more than $5000 and this is good,this year bitcoin really increase significantly,from about $1000 to $4400,nothing is impossible.
Well, I also think the price of bitcoin will increase in the future and it will result to high income. In addition to that, I agree that the price of bitcoin will hit $5000 and I hope it would happen. As of now the price of bitcoin is totally high and I hope it will continue in the near future. Hoping that it will increase won't by any chance happen because it not magic and not faith that will happen without our effort. The issue is that the currency price increase is being pushed by some factors and if we want to see the level of price we desire, we should also either increase our holdings or increase the spread of bitcoin and with that the forces of demand and supply will come into play to give our desired end result. |
|
|
|
First time I was thinking that in December btc will go about 5k usd.
But now I see that is just In this month..
So BTC Increasing Very Fast and go to December more Than 6k or more..
Then, need to hold and wait the most result
Waiting for the most result will mean waiting forever and the reason is that by the time the price reaches $6000 there will be prospects of it going higher and when that happens, you will be pushed to still wait and wait and wait. But the most or the best time you should sell is at the time you will be at peace with yourself to be able to live with whatever happens afterwards to price and that is the time of most results. |
|
|
|
Hi, I have heard that one of the good things about bitcoins is that it is free to transfer bitcoins between accounts/wallets with no fee and it is free to pay with it.
Now I have made deposited a small amount 10 euros to Copay and i want to move it to another wallet or buy something with it. I get this information when I try: Amount too low to spend, spending this balance will need significant bitcoin network fees!
Why is that? Are there a better way to store bitcoins?
Whichever way you store bitcoin there will always be network fees, so my suggestion is to use a wallet that allows you to customize your fee. Always check what the number of transactions that are in the mempool when you want to transact and check the amount of fee required for the transaction size: https://bitcoinfees.21.co/ So wait for a time (if you can) where the number of Txs in mempool is low. Fees should also be lower. On the bolded part, there is actually a way to transfer without having to pay fees and this is applicable in some exchange sites where you generate a code and the other user can redeem such on that same exchange but transferring out will mean payment of fees. Aside this option there is no other way as you have rightly alluded as you must pay a particular fee but you can only control it in wallets such as electrum and blockchain.info and that's it. |
|
|
|
The IRS is in no way cracking down on the exchanges. Now they are going to do their job and go after tax cheats who want to stick their neighbors with the bill. That is what the IRS does. Pay your taxes and ignore the IRS. Or cheat on your taxes and pay the price. Plus interest and penalties, and jail time.
The clear message with this is this: DO NOT MESS UP WITH IRS or else you can experience what it means to be in hell while still here on Earth! Now going back to the main story. IRS demanded from Coinbase to hand to them all their customer data (if am not mistaken) but Coinbase insisted that it should be limited to those members who are US citizens as they also have many clients abroad. I think later on IRS retreated their position and would just accept those from the US citizens. Fortunately for Coinbase, there are politicians expressing an alarm about the request and so it became a pressure for IRS to reconsider their demand and position. If this is exactly what happen then I will believe that IRS is only bouyant when it comes to ordinary citizens who have no clouts in the corridors of power and they are not as dreadful as being portrayed by American movies which is complete opposite to what I am reading here. But looking at it when they wake up from their slumber, Coinbase will have no option than to give in because by the time they have court order, disobeying will be contempt which could mean more trouble for the business. |
|
|
|
These is a publicity that could literally fuel BTC to the moon   Actually, in my opinion all these celebrity crypto endorsements are hurting us. The people that prop up bitcoin never explain it, and there is seemingly no interest beyond a paid endorsement. Why is this the first time we are hearing about crypto from Cena? Take Mayweather as another example. Was cool when he promoted STOX. When he promoted the second ICO, it became obvious he was getting paid to tweet The TenX promotion on the Simpsons, however, was epic. It was actually funny  Celebrities that comes and endorse a project, we all know they are being paid to do that because I am sure they would have no idea of what bitcoin is but just have to do what they have been told by their advisers and if it will mean more money in their bank account just by endorsing. But for Cena if that is from his account, then I would reckon with it because it didn't come with form of endorsement. |
|
|
|
Three brief questions:
a.) Do you merely follow your own ideas?
b.) Do you follow some pundits?
c.) Who are these pundits?
--------------------------
I do trust my own knowledge in linkage with the information posted / written / said by reliable persons such as Fred Ehrsam, Linda Xie, Naval Ravikant, Gav Would, Joseph Poon...
All the best
B.D.
All of the above are the valid sources of information for me, I have followed my instincts in the past and it paid of so also I have listened to suggestions that had either paid of or worse off. Its part of the risk of the game. For those I relied upon, it has been based on personal relationships and sometimes from someone comments in a thread right here on the forum. |
|
|
|
|
[quote author=rhamzter link=topic=2133359.msg21397578#msg21397578
If the bitcoin hit the $5000 it was a new record in cryto currency history. However we never know when bitcoin reach the $5000, because if we review the fluctuation of bitcoin now seems a little bit increasing will happen.
[/quote]
The day this will happen is closer than where we were last week its also possible that a set back is witnessed but what is happening now is a testimony to the fact that its possible to get to see $5000 and even surpass it and there are several indices to back this up even by forecasters and the traders.
|
|
|
|
The newly implemented atomic chain swap between btc and ltc means basically ltc = btc in terms of usage right? Anywhere that accept btc, I could just use ltc and it gets auto swapped to btc.
So I'm thinking since ltc=btc now, shouldn't ltc price actually become 25% of btc price given that ltc max cap is 4x of btc?
Not exactly. It only means that once deployed you'll be able to securely exchange BTC for LTC (and the other way round) without any middle man (eg. exchanges). The same will most likely apply to other SegWit enabled cryptocurrencies. The exchange rate will still be up to market forces, presumably either via a public history of recent atomic cross-chain swaps or based on the exchange rates of traditional centralized exchanges. If I get this correctly, it then means that I can just send my ltc to my btc wallet and it will appear as btc but at the currently prevailing rate which then means that there won't be any thing like mistakenly sending ltc to btc address? But the issue what will be the conversion rate? |
|
|
|
There are two things a user can do right now to reduce fees. One is convert to a Segwit wallet, of which there aren't very many of course. The second is to use a wallet with manual fee control, again there aren't too many.
People scream about $5 fees when a decent amount of the time a 50c or 20c fee is sufficient. It's their wallet forcing those stupid high fees because they're not reactive enough.
I didn't realize I was overpaying so much until recently. When I use my Electrum wallet now, I slide the fee slider all the way down to "within 25 blocks" and I still generally get confirmed in the next block. I could probably switch to manual fees and cut that in half and not experience any issues, if I were to guess. But the reality is, the vast majority of the time, I don't mind paying a couple bucks if it means I can get a transaction confirmed quickly. But I also gave up on microtransactions a long time ago. I think the issue was during the pre August 1 when the fee was too high the wallet providers had to implement the option of either going for the priority confirmation or not and this is what blockchain.info also did and that is what is still being done without any update and won't even make any difference if one choose 1hr+ or within the 1hr and the fee disparity is so very high. |
|
|
|
They forked BTC and made BCC. This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it. Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing. This raises some questions. - Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
- How much BCC immediately got converted back into BTC?
- What's to stop people forking again, just to make a killing like this?
Was BCC good or bad in this respect? The market will continue to grow because that which you see as a big money that is paid to you is a form of investment to another person who is making it as a way to reap higher benefit. Money is always in the crypto economy because without that, the market will be deserted with nobody to practice in it. Nothing is stopping people from forking and another one is proposed to come in August and many more to come after that. |
|
|
|
This is one key thing every country will still come to accept and those who are going on the negative in the case of bitcoin, are just living in self denial which I know won't last for long if they are prepared to feature in the future of money because so far they cannot stop civilisation and the quest for freedom, ignoring bitcoin or against it won't last long and will equally not hold for a long time. Its better they take the route Vietnam is taking and design a master plan or road map for such. |
|
|
|
We say, Bitcoin will never have more than 21 000 000 coins, but with every hard fork, we technically add coins to the 21 000 000 total, even if this new fork is defined as a new coin. If you had X amount of coins at the time of the fork, it gets added to the coins you already have on the new fork.
I know the forks compete to be the longest chain and coins should be duplicated on both forks, but should people not be faced by the question to sell or use those coins on only one side of the fork. You get coins on both forks, but if you sell, say 5 BTC, then the same amount of BCC should be subtracted on the other fork.
If the new fork is a new coin, then nobody should get free tokens on the new coin, based on their previous ownership of the legacy coins?
Just a thought, let's discuss. ^smile^
You have made a valid point based on the way you see it because with several forks coming the it means 21,000,000* number of forks but at the same time, the market capitalization from the beginning was not designed to take care of forks maybe another form of capitalization for that coin can be pushed. Also, forked coins are treated as alt and we don't do alt capitalization with bitcoin. |
|
|
|
Bitcoin's price briefly passed above the $4,800 mark for the first time today.
According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.
Courtesy: CoinDesk
Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.
Although we saw it coming and I didn't see it as a surprise and its bound to continue with that trend in the near coming days but at the same time, we should not be unweary of the challenges ahead as well because that is another factor to consider in the face of several opposition both from the crypto community and the entire government as well. |
|
|
|
|
Show Posts
