The unknown individual brought bitcoin which was worth more than on billions, i.e., 96000 bitcoins during the recent crash Check out here: Price Was SlumpThis article has been covered numerous times and has spread all across social media. Here's an example of the same writing, but on a different site: https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16I think this is just the ideal of buy low sell high. There's nothing stopping people from buying the dips. We (at least most of this forum) knew that bitcoin would rebound eventually, and this 400 million US dollar purchase has definitely impacted the market. The rebound has been intense, and I think there's more support to come. There may be a few corrections on the way, but I think we could be setting in on a new ATH later this year. Just have to see how the technology improves and what governments end up saying about bitcoin. |
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I couldn't help but wonder if this was a murder or just something else. It seems like it's possible that this was a murder just due to how people have been reacting to the market.
Can you name one death of a politician or member of government who has not raised suspicion?  I've always wonder why those people can't die without raising a fuss. In these days you can't even have a damn heart attack without something or someone to be blamed for. Given the furious pace at which South Korea has been taking action against crypto, him being stressed is no surprise at all to me. There must be a lot of pressure coming from all sides.
South Korea ranks second in suicides, and stress is one of the factors involved, not to mention health problems due to it. Besides, Koreans and Japaneses are known to die from overwork. It's true that politicians and people in power have a lot of buzz around things that happen to them, but that's just a part of living that life in my opinion. There will always be some suspicion, especially if they were opting for an unpopular position. I wasn't actually aware of the information you shared about South Korea here. If I knew more about that, I'm sure the thought of this being a sort of "inside job" would be much more dampened. Numerous articles have claimed that it was stress-induced, so the idea of this being a murder are pretty much past me. |
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It is obvious that the crypto currency must drastically step out of the sandbox into real life. Otherwise, it will remain an isolated thing and degrade. Many investments are at risk of being lost. Therefore, it's time for all enthusiasts to concentrate on creating a single platform for everyday operations. Everyone should contribute by promoting this idea. Only by joining forces we will be able to defeat the fiat currencies. What do you think about it?
Are you talking about more people getting to know about cryptocurrencies? If so, I think that problem has pretty much been solved in terms of general public knowledge through the large gains that many coins have had recently (and drops too!). The issue, in my opinion, comes in when people actually try to get into cryptocurrency. They don't know about fees, how they can range, nor do the know about where to even buy crypto safely. I'm sure many people see the investment opportunity, but just don't want or don't have the time to jump into the entire information pool about what they're trying to get into. One really cool technology that's pretty related to this situation is WAVES. They're trying to create a multi-currency wallet and support tokens and assets that are verified by themselves. https://wavesplatform.com/ |
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Blockchain does not require a lot of time to understand it's princliples and to start to create your own. Same applies for smartcontracts and dapps on popular blockchains. The crutial point is to learn them how to write secure code, because this is what matters. Everybody can learn few principles and how we create something and some basics of programming languages. I agree. Once the basic principles of how to think when coding are already there, blockchain is just like a different language. With blockchain (that can effectively be used without actually having a coin), we get a new database system which can optimize and hold histories of practically unlimited tasks. I think it's important for students to be learning about this material, because it could easily be the next push in the tech future. If students get a head start on it now, they'll be able to work with it later. |
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I have observed that most ICOs does not make it to the exchage. Meaning that investors will lose fund.
Is it not better to trade on extablished coins instead of dealing with icos?
Real coins ideally have a more significant standing than ICOs. If you're trying to play it "safe" with your money, I would say that you should stick to investing in actual coins. ICOs on the other hand are extremely risky, but in the case that the project takes off, you can end up with much larger gains. Overall, if you're just getting into investing, diversifying across ICOs that you research could be a good idea. Otherwise, I would stick to actual coins just because of how many ico scams have been popping up. |
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I have 20$ of bitcoin. What should i do with it instead of spending all.Tell me Pls.  With a small amount, I would recommend either holding it or buying altcoins with it. Don't spend it now in the case that Bitcoin goes up. You'll end up losing your money and your time will be wasted. Instead, if you hold, there's potential of multiplying your money. There's a few altcoins out there that you can probably get a lot of money out of too. If you're interested in investing in altcoins, checking out a few upcoming projects and ico's wouldn't be a bad idea. They can be found here on these forums in the altcoin section. |
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If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).
Even though I don't really believe in the comparison you're making (I think there are a lot more benefits to cryptocurrencies that you leave out as well as some downsides), I wouldn't really consider the dollar to be a bitcoin equivalent. With fiat currencies, there isn't one "central hub currency" that you can always use to get all the other currencies. If that was the case, that main currency would be worth way more. Bitcoin is like the major currency that you can use to buy other currencies and that often can drive the price up. |
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I wander if in the near future some tokens or coins can fusion together...like for example in the stock markets or acquisitions, when big holdings buy other companies or when there's a fusion of 2 companies into a bigger one...
Do you think it is going to happen also in the crypto ecosystem?
This is a really interesting thought because the way I see it, crypto is at such an early stage that we don't see many coins that are targeting the same audience. Soon enough, given that crypto currency gets big enough, if there's competition for the same markets, then it makes sense that one coin can aquire the other. The only issue is that there will have to be some type of technology to make sure that people get the amount of the merged coin too. The issue comes from the fact that exchanges don't carry every coin, they carry some coins each. |
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Most people are buying very small amounts of bitcoin as an investment. A lot of people are not familiar with Stock markets and they just dump their savings into fixed deposit savings accounts. Why do you think people are more reluctant to trade in Penny stocks, but they risk buying bitcoins?
I have spoken to some of my friends and they say there are less barrier to entry into Bitcoin trading than any other trading methods. How many average people are trading Fiat currencies at their home, compared to people trading Crypto currencies?
If you were a informal trader before you were introduced to Bitcoin, please mention that in your comment. I just want to see how many people are virgin traders, when they entered Bitcoin.
Did we, without even thinking about it, open up the global trading arena to the general public, with the introduction of Bitcoin?
I think there's a certain stigma around penny stocks that comes from the more prominent investors. Those who invest long term, actually research into the stocks that they put their money into, and in general who want to find the safe way to increase their money end up shunning shorting traders. They see it as a gamble, like a get-rich-quick. I assume that most of them have a similar mindset about Bitcoin. I didn't trade much before bitcoin, but I also haven't looked at bitcoin as a major trading asset. I look at it more like a currency. Yes, with cryptocurrency we introduced a new market for people to put their money into. However, many people don't know enough about what they get into with crypto, and that's the major issue. |
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That's huge news I wish I was a citizen of that country but it won't he possible.
I just hope other world leaders also realize this and start accepting bitcoin as it's really hard for me to decide what do I do with my coins the only problem with this would be they might find out about our holdings and trouble us later
Arizona is a state, not a country, so this isn't as big as you might be thinking it is. The news is definitely big, but of course, it needs to be carried through with. Just having a consideration isn't good enough these days... I see a lot of issues that could arise for the state if they go along with this plan. If there's a pretty big fluctuation, there's a good chance that they either end up with less money than they should have for their taxes (in terms of USD), or they could end up with people who paid for their taxes with bitcoin and ended up missing out on a big rise, which would make the people not very happy. This article is pretty good, I suggest reading through it if you want to learn more about Arizona and its involvement in the blockchain space: https://www.newsbtc.com/2018/02/08/arizona-may-become-first-state-accept-bitcoin-tax-bill/ |
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I'm about to use crypto exchange for my new business, the work load contains lots of buy orders (USD to other crypto) that should be automated using API, ideally I'd like it to allow withdrawing to different addresses without having to validate every and each one of them.
I've already looked into Kraken, Gemini, and Coinmama, and have few concerns (still didn't look into their API tho), Gemini seems good but I'll end up with the 0.002BTC withdrawal fees group, so I'd like to know is that 0.002 per transaction? or per month? and do they support withdrawing directly to different address?
Also, do you guys have better suggestions?
I found this on gemini's site: https://gemini.com/transfer-fees/They note that the fee is only if you're dealing with more than 10 btc a month, which I think you are. Based on that, and the size of the fee that they have on their site, I think it might be per withdrawal. Fees are just the sad truth about using exchanges on a large scale, unfortunately. You could also look into Binance and maybe keep an eye on how Robinhood is doing with their crypto exchange implementation coming up. They're only going to support BTC and Ether (I think), but it's possible that in the near future they'll consider more coins. |
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That indeed is worrying, and this is why Bitcoin will always be a safe. If those people had gold, they would have no faith, but Bitcoin actually permits to track the bitcoins. Yes I have to agree it will be hard, but always possible.
I feel like all it really takes to make it untraceable is a mixer. I don't know if I'm wrong about that, but it seems like mixers would just keep the anonymity for whatever the small transaction fee is. After that, the coins are basically untraceable and that defeats most of your point. Like taking gold and leaving with it, a robber can take bitcoin, make the transactions anonymous through a mixer, and leave with the money. |
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GOLDIATH is the online name of the mentioned businessman which has been robbed. He has a famous name and his real name was probably spotted by some well-organized criminal group. They can even be his close friends to whom he discovered his crypto wealth. All is relative right now and the police of the UK can only give positive interviews about their closing to the criminal hideout ( actually they will never catch the thief).
This is actually not the first physical robbery that includes the cryptocurrencies. Goverment gives us the information over the media that they can not suppress and hide. By my opinion there had already been many physical robberies of the cryptocurrencies in the criminal circles that cannot be revealed to the public (reveal can only lead to the prolongation of the investigation that the authorities are conduting). We are all victims of the false media publishment that the government uses for the manipulation.
Wasn't the whole silk road being taken down a pretty famous "robbery" of cryptocurrency? The government seized all of the operator's bitcoin. I guess this could be one of the dangers of bitcoin. There are a lot of self-made millionares, people that have made a lot of money off of the coin. If criminals get the right information about these people, it's likely that the investors won't have much protection. It's not like they're stars that have bodyguards and whatnot. All it takes is a criminal, a gun, the investor, and his private key. After that, the rest is history. |
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The head of the World Bank compared cryptocurrencies to “Ponzi schemes,” the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin. “In terms of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I’m told the vast majority of cryptocurrencies are basically Ponzi schemes,” World Bank Group President Jim Yong Kim said Wednesday at an event in Washington. “It’s still not really clear how it’s going to work.” https://www.msn.com/en-in/moneyWell, the World Bank Chief didn't technically say that they are for sure. He said that was the evidence provided to him by maybe someone else. I don't blame him or whoever told him that cryptocurrencies are like ponzi scams. If you're looking at it from the outside, all you know is that there are these projects that create tokens that don't really have any true backing and people still put their money into it. Then when people pull out, there's drops. To me, that sounds like a ponzi scheme too. However, what they're missing is that there's a full technology behind it that has unlimited applications in the future and that's a major part of the entire crypto scene too. It's clear that the guy didn't do much looking into bitcoin and crypto in general. |
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It feels like (and I think this is a pretty popular opinion) Bitcoin price fluctuations are extremely cyclical. It goes with the good rise, then a correction/drop, people see that the price is low and have always wanted to get into bitcoin, so they put their money in, the rise goes back up. For the past year, we've seen the rise phase exaggerated and the drops not as much. In the past few weeks, we've seen the drop stage take a stronger stand. Just based on these observations from my own side, since Bitcoin is still on an overall rise, I think there's a good chance that those rise stages will be exaggerated again. I don't know if it'll happen this month or even this quarter, but I believe that the rise is bound to happen soon. |
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If I make a start up company for bitcoin gift cards, do you guys think there is enough interest for it?
I have a friend working on a nice design for the card, probably will include multiple designs to fit all customer's occasions (x-mas, birthday, daily gift, promo event, etc.), and I'm working on the technical part to make it require absolutely no trust between us (the company) and the buyers. It should be a nice way to give a gift to your family and friend, regardless if they're still getting into crypto, or already are working with it.
I do have some nice use cases that I can use for marketing later, but I'm a bit concerned about the start point.
Therefore, I'm asking you all guys, if there is such a thing (for BTC or whatever other crypto currency), would you guys be interested in buying/using it? and why?
Thanks in advance for you all.
--Edit:
Here are some questions that we'd like you to answer in order to help us better shape the service:
1- Do you prefer a preset amount for each card? or would you like to charge it up to your liking?
2- Would you prefer a complete online order (even if it costs you slight privacy? specially when paying non-crypto like PP) or would you prefer to complete the deal at a shop with cash in hand and no personal info required?
3- If you answered 2 with completing at a shop, would you consider being a local distributor? why? and what would you expect in return?
4- Would you plan on buying larger quantities? continuous supply? or you just buy couple cards on special occasions and forget the service for the rest of the year? as this can affect the way to get local distributor.
5- Would you trust me/us/company to have the private keys in order to make things a bit easier at your end? or would you prefer spending extra couple minutes at your end to complete the deal without me/us/company having any way of touching the money in the card? note that this choice will affect the ability to recover the funds in case the card is lost, at the expense of storing some of your personal info, so this isn't for everyone.
6- Do you have expected shape/size/dimensions for the card? it might end up a bit larger than normal cards, but will make sure the space is well used.
7- What special occasions would you like to have the cards for? I'm not that cheerful person who remembers all occasions, the ones I have in mind right now are birthdays, x-mas and new year, not sure if you'd give bitcoin in valentine (there are more suitable coins for that Wink Wink)
What does this bring in terms of new functionality? Can't people just gift paper wallets on a nice card to another bitcoin enthusiast? I'm not discrediting your idea, but I think it's the major competitor you'll have if you go down this route. I don't think the idea is bad at all. 1) Definitely charge it up to liking. 2) If it's a gift to another crypto user, I'm sure that anonymity would be very useful. I think there can be a better way to keep anonymity rather than a shop, but I'm not too sure. Maybe some from of ATM type machine? 3) N/A 4) I'm sure I would much rather do special occasions, like the birthday of a tech enthusiast maybe. 5) That's where it gets a little icky. I think a lot of crypto users would be split on this point. Most people who use bitcoin avidly would want anonymity, that's for sure. For others, I don't think they would care much. 6) Normal gift card size / ID card size. You could do a couple of cooler designed cards like the bitcoin logo ( BTC) 7) Probably birthdays and national holidays as you said. Maybe if I need to pay for something with complete anonymity. |
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Hey guys just curious to know, what do you all use for tracking your portfolio on daily basis without having to log into exchanges?
I use the android Blockfolio app, it's not that great in my opinion. I've been having a lot of issues with it recently and I'm sure others do too. I'm just doing a bit if R&D on any alternatives.
I try not to be too invested into tracking my crypto investments. If you spend your time looking at the app every other minute, then each fluctuation will look like it's changing your portfolio a lot more than it actually is. Instead, I use an app called "Crypto Market" on Android that I believe uses the CoinMarketCap data to relay information to your phone. I never keep track of how much of each coin I have, I just watch the markets see what's looking good and invest if I want to. Fluctuations and variation is scary and really time consuming for me, so I try to stay away from portfolio tracking apps and keep up with the general market instead. |
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Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?
This takes a pretty big toll on all projects really. Advertisement is huge and has a pretty big impact on the investors who are planning on getting in. The only thing I can see that might not make this as bad is that a lot of average users on Facebook probably barely know about bitcoin, much less ICO's. So it's possible that the lack of advertisement on facebook isn't as big as it seems, but I think that theory is a pretty big stretch myself. ICO's need to get out and let people know about their projects as much as possible if they plan on being successful. It's the way start-ups make it big, and I see ICO's as nothing more than a start-up, albeit in a more developmental stage. |
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Many would have had a dream of owning atleast one bitcoin and just before two months,they would have thought their dream may never come true due to ATH price of bitcoin reaching almost $20,000.But now with the sudden downfall in price,atleast bitcoin had made some of their dreams come true.
Now even more people are owners of atlest one bitcoin.
But they would not satisfy and would expect to hold another bitcoin but bitcoin may not help it to become true as its price has started to recover.
While the prices have come down, I want to say that a lot of people are all talk and no play. They say that they'll hop in when the price drops and such, but when the opportunity provides itself, people don't really hop in like they said they would because they're too scared that the price will drop even more. I'm not saying that's a bad mentality -- no one wants to lose money. However, I think that for the people that are on these forums, believing that there are strong holding points need to understand that there's a strong chance that the resistance point might not be as strong as they think. |
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