Not a chance! Do you know why I am in this business at the first place ?
To become my own bank, that is what bitcoin has promised me, to be my own bank. I do not like banks, I actually HATE banks and this is why I was interested in bitcoin early on as well, I have been around longer than most people because I was literally searching ways to live my life without having to worry about any banks.
Banks are deceitful and scammers and they will do anything and everything in their power to make even a single cent from you. Banks like HSBC is literally the reason why people are suffering today. They go out and make deals with drug dealers to make their money legit however at the same time they call you and tell you to pay your 1.13 dollar "debt". That is not a freaking debt thats chump change and if you do not pay (who cares about 1.13 dollars) than they will call every single family member telling them to tell you to pay.
I fully agree with you, but we're not the only one in this space. Crypto related services with a banking license means more money that will flow into this ecosystem, where on top of that, now these services are a bank themselves, they don't have to deal with other shitty banks out of nothing freezing their bank accounts. Just look at how exchanges currently suffer from how stupid and paranoid banks are; they freeze bank accounts left and right for no reason. Coinbase is working on its license as well, and it will be granted to them for sure, and when that happens, it will significantly increase investor's confidence in that platform, and it might even attract more fiat than ever before. If there is one thing we need, it's more fiat flowing into this system, and like it or not, the far majority of the people here buy themselves into Bitcoin through a centralized service. |
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I would imagine this will have to do with the US debts anyway, but all the same, it is really absurd to see China in the news every time for things like this.
It has been known that they are pulling off these dirty tricks and cheats for a long time now, but what people overlook is how there are way more countries doing the exact same thing. It's easy for us to hammer down on China, while in reality every country has the incentive to do the same for their own benefit. The only difference is that we don't hear/read about it; silence in that field doesn't mean it's not happening. In the end, all this public political nonsense is a mud throwing battle between the most corrupted economies in the world, all trying to make the opposite side look as bad as possible. The US isn't any better than China and Russia. They are all out to nurse their hunger for power and economical progress. |
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Arthur should refrain from commenting on these sort of things, because he's making himself look like an idiot. First he said that the price would reach $50,000 before the end of the year, and now we're at a point he thinks the bear market could last 18 more months.  He doesn't give a damn about what direction we're heading into, he just want people to lose their mind on greed and fear, because volatility is the money maker for him. We only need one spark to get the market to pump, and it can happen at any time. Just make sure you buy in and patiently wait. What else is there do to? |
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As far as we know he did not sell any coins after price go up to 20 000$, and as he said, he does not intend to sell.
I wouldn't take that for granted. He has been in this market long enough to know that certain opportunities (such as last year's peak) are too good to pass on. It also makes sense to sell peaks based on nothing but speculation, because you end up with more coins in the end, and let Bitcoin stacking be what we are here for. He surely won't be selling a whole lot of his stash, but 5-10% is a fantastic amount to hedge a correction with, which I did last year as well. Looking at how many coins suddenly woke up during last year's bull run, it's safe to say that more hodlers have done the same. More coins flowing into the pockets of strong hands is always a plus for future growth.  |
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So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$
It could very well have been someone genuinely trying to sell some coins. That sale might have triggered some bots to follow and to unload some coins as well. Bots don't know whether or not someone is genuinely trying to sell coins or that it is a manipulation attempt, they just follow what's being presented to them and react as how they are programmed to react. The lack of volatility makes $50-$100 movements look like huge candles, but they are peanuts in reality. We're still below $6400 which seemed to be main support level this month with how stable it was around that price. I think the only positive aspect of that tiny bit of action today was the slight increase in volume for exchanges. |
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As such, even though lightning is compatible, it's still up to the browsers and merchants to actually add lightning support.
I'm sure that when everything is up and running, browsers will add LN support in an attempt to attract more users with how it gives them a unique selling feature over the rest of the browser market. In the same way, merchants will follow as well, it's only a matter of time. No network congestion to worry about, no outrageous fees over transactions consisting of multiple inputs, instant transactions, etc. People only need to have an open channel with the payment gateway in order to use Bitcoin to pay for their goods in thousands and thousands of stores. By the time LN is gaining more and more traction, people will refrain from cashing out to the main chain again, and that's the ultimate goal in my opinion. |
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It can be a great time, a very good time, or a good time, depending on how much and how fast you'll be able to profit from it, but it's never a bad time. It's the same with BTC.
The thing with investing in general is that the majority of the people always end up being disappointed. If they buy at the peak and the price goes down, they are upset. If they cash out profits but the price keeps going up after that, people again are upset. It's close to impossible for people to be satisfied with their investment decisions when money is involved. People overestimate their capabilities, but very much underestimate the psychological aspect of it. Imagine how people must have felt last year when the price just didn't want to stop going up. According to people's lovely TA $10,000 was the ultimate peak to short; yeah right, up we went further and shorters got rekt badly. I have yet to find people actually being happy with the outcome of their investments and trades. |
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Maybe some of the people who are getting exposed to Bitcoin through centralized services will eventually move toward trustlessness over time. (Though maybe only after getting repeatedly burned by the costs of trust...)
That's key. We all need to be faced with the consequences of our actions to realize what we are doing is wrong. If centralized services do everything the right way, offer people exactly that what they are asking for, why should people not (yet) caring about decentralization value trustlessness? In the same way, the regular system kept pushing the buttons of most hardcore Bitcoiners long enough till they started to develop an anti government sentiment, which is why Bitcoin is the alternative of choice for them. The only reason Bitcoin is a thing is because of how rotten the current system is, and I'm glad to say that more people start to figure that out. The far majority of the crypto enthusiasts will always prefer gains over decentralization, but that's their choice. They will eventually find out why Bitcoin is something worth looking into. It just takes time. |
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Bitcoin will rise regardless of what you think it will do based on past movements. Institutional presence is a factor to take into consideration, because where in the previous years it was largely a retail driven orgy, we're now marching towards a market with much more professional parties that are involved.
They value the $100 billion market cap, and it's no surprise that the main support is very close to that number, and will likely remain that.
Main support is around ~$5800 x 17.35 million circulating coins = ~$100 billion.
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If its anything like 2015 then it will most likely keep trading sideways and then some exchange will get "hacked" and it will cause support to break and then a few hours later it will end up closing as a long doji or wick.
Nah. People should stop looking at 2015 because of how it was MtGox largely responsible for the horrible sentiment. If you add that most people involved in this space weren't sure if Bitcoin was here to stay, it only further accelerated the sales going on back then. We are way past that stage, and I'm sure that most people finally have come to the point of acknowledging that Bitcoin isn't going anywhere. Another bullish factor is that we're in the process of sucking market share out of USDT, which is slowly but surely flowing into other (more reputable) stablecoins. By the time USDT implodes, it will be a fart instead of a nuclear explosion. Life is good here, more so than ever before. Stacking BTC's is what people should be doing now, not waste time worrying about 1-5% movements. |
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When any crypto exchange or platform raises to higher levels like Coinbase did, then that kind of raise impacts all of the crypto-world positively.
As always, the larger businesses grow, the less they start to care about their users. The only thing that matters for them is to book positive results with growth in mind, and that's being done by cutting on staff expenses, which is exactly what Coinbase seems to be doing right now, all to please their dear shareholders. Definitely expect this to become worse rather than less. Binance must be laughing its socks off with how its closest competitors are screwing up badly in terms of staff allocation. People nowadays are specifically looking for exchanges with reponsive staff departments, and this is where you can seperate yourself from the rest as exchange. Binance is the only exchange who figured that out it seems. |
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Seems like my tx cant reach to Bitmain for 3 hours... Have anyone experienced such delays?
LhnpaPGvcqGVpmGqmwvg8oxgJXfXtniV6r
Does it depend on crypto or what?
It's definitely not Litecoin's fault since the network isn't congested, nor is it experiencing any other difficulties. Did you send the funds manually or did you withdraw them from an exchange straight to that address? In case of the latter, it might very well be that the withdrawal (for whatever reason) hasn't been processed yet. I haven't ordered anything from Bitmain, but I assume there is some sort of a time limit within you are required to conduct the transaction. In order to avoid inconveniences like this, withdraw the funds to a wallet of your own, and then conduct the same transaction. If above doesn't apply to you situation, then it could very well be that your node needs to catch up with the most recent network state in order to publish that transaction. https://live.blockcypher.com/ltc/address/LhnpaPGvcqGVpmGqmwvg8oxgJXfXtniV6r/ |
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However, there are experimental coins which are serious projects, but aren't full time developed and lack the capital to do marketing to be able to reach some adoption. So they have difficulties to demonstrate an "use case", and thus it's much harder to get listed by an exchange - even if there are no listing fees.
What these coins could do, however, is to adopt measures to be able to be traded via atomic swaps (e.g. on BarterDex and similar platforms) or on Bisq.
Atomic swaps are too futuristic still, and not really what the mainstream audience is looking for. Exchanges as Binance want you to have decent volume and liquidity coverage throughout various exchanges, a popping community, and some form of utility. The only way to please Binance is to have yourself be listed on low tier exchanges most people consider to be scams and shitholes. If even these exchanges start to play hard to get, the majority of the projects will not be able to put themselves in the market anymore. It's sad that we have gone that way, but there isn't much that we can do about it. People themselves have ruined more than they can imagine with their greed, and this is the price they pay for it. |
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I think that two things make bitcoin not very user-friendly for the average Joe,who is completely new to the crypto world.
1.All those 0.001btc type of transactions and payments are confusing for people that use $5,$12 or $250 payments.
2.The 34-characters bitcoin addresses can be confusing as well.It's way simpler to just use your Paypal email.
Anyway,we can't change this.
A lot people (and it only increases further towards mobile payments) pay with their mobile phones nowadays, so the only thing for them to do is to scan the QR code that's presented to them and to either approve or reject the transaction. What's so difficult about it? Most of the things people think are an obstacle can be worked out by upgrading software solutions and mobile clients. The main obstacle is that people aren't keen on replacing the coins they spend, which is understandable as well, because money is meant to be convenient and not require additional steps. Bitcoin's upwards potential gets people hooked to their coins more so than anything else. |
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If you will ask me if what is my ideal transaction fees then it is 5% or fixed amount. Many of us here are not enough profit because of there ranks and having a hard time to have a merit so they are stock up in a lower positions. Some transaction fees are 10 to 20 percent which is give us burdensome and I think it is not fair especially to those bitcoinist that has a little income.
You do realize that the world doesn't only evolve around people moving small values back and forth, right? I conduct transactions almost on a daily basis, and in the last couple of months I haven't had to include more than $0.02 in transaction fees to get first/second block confirmations. You're either wasting your time on faucets and whatnot, or you are trying to consolidate an x number of inputs resulting in a higher than average fee. Tip; In case of the latter, before you go to bed, try to consolidate your inputs in an as efficient manner as possible, add a below average fee, and when you wake up your transaction is confirmed. I absolutely love the current fee structure, because I can buy myself priority by simply adding a higher fee. |
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They probably hired people based on a zero hours contract. So they can have more staff during the busy bull runs and cut the numbers when he work dries up
Hiring capable people for crypto related businesses (especially for large corporations as Coinbase) is a very time consuming process. By the time they finally hired enough staff to be ready to handle the increase in use, it's no longer needed because the use is already going down again. Coinbase has the money, just not the will to utilize it properly, because their shareholders don't want to throw around with money left and right "unnecessarily". Binance is the only exchange actually putting its capital to work by employing full time staff, which means that they can handle any sort of usage without much problems. In a presentation Binance CEO said that they scaled their operation to handle a 100x increase in use, and there is no reason to doubt that statement. No surprise they have grown that quickly; they do right what others do wrong. |
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Bitstamp always seemed to me a solid exchange and with great organization. Their site is one of the best and most fluid. I hope they continue to operate independently. I also hope that this purchase has not occurred due to cash flow problems since it is a giant in the market and many use the price of it as a reference.
Can't agree more. I have been using Bitstamp since 2013 and they never did anything to piss me off, or to make me lose confidence in their functioning as exchange. It has also been one of the very few exchanges people use as benchmark exchange in terms of pricing. I'm not into spot trading anymore, but I still use Bitstamp as my fiat entry point. Curious about the possible value of 100 million speculated. It is spoken in dollars, but I imagined that such an operation would be negotiated in Bitcoins.
Value speculations are all over the place. This article talks about a $400 million buyout, which if we think back a while, was also the amount that popped up months ago. Regardless of what the amount actually is, this is by far a better deal than what Circle has got itself into with buying a shithole exchange for $400 million. If they wait long enough, Poloniex might not even be worth 10% of what they paid for it anymore. |
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It may sound odd, but I honestly don't care about it. I have done enough to significantly lower my exposure to fiat by having around 75% of my net worth in Bitcoin, so whatever happens, I can sleep well without having to worry about lower EUR value or forced haircuts. I advice anyone here to do the same right now rather than tomorrow, especially with how there simply isn't a way to time these events.
I started converting my EUR net worth to Bitcoin years ago already, where the exchange rate was €1>$1.4 which has come down to €1>$1.14 today. It wouldn't surprise me at all to see EUR sink under USD in the next 10 or so years. It's a currency worth dumping for something with more stability, which is Bitcoin, Gold, or even USD is better. Don't hold a falling knife.
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It's part of the revolution we're going through. I remember back in the very early internet days that datacenters were just as much subject to energy waste/consumption nonsense with how the internet was said to be an environmental disaster. Now that people are using the internet and actually experience the usefulness they came to the conclusion that new developments force energy hungry entities to look for alternative (clean) sources of energy, and here we are.
I think that Bitcoin will be going through the same shit but a little bit longer since it's going against that what the majority of the sheeples have been programmed to think. If it isn't energy consumption, something else will be used as an excuse to talk down on Bitcoin.
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the dude decided to dilute the forum a little with his humorous topic) how can you say that bitcoin will collapse this week ... will be excused.
When troll bears decide it's more important to create a thread than to actually short the market in order to back up their claims, you know that they aren't serious. I like it though, it's always fun reading through these threads with how people immediately get triggered to respond in an opposing manner. I think that this newcomer just wants to buy cryptocurrency cheaper than now.
How? Just think about it, if thousands of members here want the price to go up but don't get what they want, how is one single 'bear' going to get the price to decrease? |
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