Yes, Enjoying the crazy Bitcoin price rise, I have earned a great profit from it. I had some Bitcoins saved in my wallet, which I don't even know are in my wallet. One day I just logged into my wallet, I found that I have received my payment for my work and the amount to be sent to me was 135$ but from the rise in Bitcoin price I had 173.3$ isn't that great?
That's the best - receiving/earning coins when they're cheap and then suddenly discovering they have increased in value. I hope very much that the price consolidates at this point, before it makes another leg up. |
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I think when you first opened this thread, Golos was at about 2000 satoshis - it's now at 5700 satoshis. So you've almost tripled your money. Well done!
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As of a few days ago, coinbase support recommended people move their coins off coinbase prior to August 1: Eric - Coinbase support: When Ether forked into ETH and ETC, we provided a way for our customers to withdraw ETC for a limited time--as a courtesy. But we only supported one chain moving forward.
There is no guarantee that we will do the same for future forks, as we consider each fork individually. A decision on BIP148 has not been made yet.
As @Gleezy said, the best advice is to withdraw your coins before the fork to your own wallet. Then you have complete freedom with your coins after the fork occurs.
https://community.coinbase.com/t/what-is-coinbases-plan-regarding-bip148/15391What might happen is that people sell for fiat and hold, waiting to see how things play out, rather than hold coins. |
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13 days later, my withdraw has been processed. I made a 2nd withdraw and that was processed right away. I am glad it was resolved but I am still wary. No real explanation for the delay was offered.
Am glad it is resolved. I think they had a huge influx of new users and were manually approving withdrawals for them till they developed enough of a track record for their algo to take over. |
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i am sure that there are many big whales that put their money in dogecoin and playing with the dogecoin because when we see in the market, the order buy and order sell is really in big amount and i think its the biggest one of the coins that is supported by many orders. dogecoin will have a future and will still remain in the market exchange. many traders is like to trade dogecoin or doing another purpose like playing gambling with the dogecoin.
Yes - traders love doge because it is liquid and traded across most of the exchanges. The other factor people need to consider, is that on the biggest exchage, Poloniex, there are only a few coins to trade (because they delisted a while bunch). So if you are a professional trader, you are essentially cycling in and out of a few coins, and when there is new money, it gets funnelled into teh few coins listed on Poloniex, which is why they are all surging. |
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Last year there was that Bitfinex hack that caused the July price dump.
I don`t want to search for patterns in the bitcoin price charts.Anything can happen.
Some big platform might be hacked and the price might return back to 1000 USD or even lower.
This. Bitcoin is still very new and not as liquid as other asset markets. Bitfinex shouldn't have affected the bitcoin price, but it did because of the lack of liquidity and strong market makers. That means that any attempts to find patterns from previous trading will likely be useless. |
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I'd say Dump.
Here is my reasoning: they stopped withdrawals because they were afraid people were using btc for capital flight. Suppose they were right and once withdrawals are allowed, people will send the bitcoin to a western exchange where they can exchange them for dollars or euros. Or use localbitcoins to cash out in dollars or euros.
Either way, that means selling and hence a dump.
I think the capital flight thing was overblown, just as Cypriots and Greeks queued up in their, er, tens to convert to Bitcoin. I assume withdrawals won't be enabled until they figure how to stop the possibility. It can't be stopped so perhaps there never will be withdrawals again. If it was overblown, why on earth would they pause withdrawals? It must be because they looked at where the coins were being sent, and if they were being sent to western exchanges, then capital flight was definitely taking place. |
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I'd say Dump.
Here is my reasoning: they stopped withdrawals because they were afraid people were using btc for capital flight. Suppose they were right and once withdrawals are allowed, people will send the bitcoin to a western exchange where they can exchange them for dollars or euros. Or use localbitcoins to cash out in dollars or euros.
Either way, that means selling and hence a dump.
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Can you Guys tell me where GOLOS is traded and if there is an OP for it even though it's a Russian coin? I wouldn't mind buying a little stash and forgetting about it for a year or so. I am more of a person who likes to baghold something for long term.  Do you think there will be an English interface added also? It's traded on Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-GOLOS |
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I hear a lot of you saying I should spread my money and not to keep big amounts on any exchanges. Did anyone here actually lost any coins or money on a exchange?
Yes, me. Mintpal and Cryptsy went bust in 2015/2016, and took everyone's coins with them. The biggest risk in crypto is exchanges disappearing with your money. |
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I had used Bter.com to trade Dogecoin to Bitcoin quite some time ago. Low fees, and safe transactions. Pretty good for altcoins. Quite some time has passed since I last used them though, I'd do a research around the forum if I were you.
Bter has paused withdrawals (though bizarely they are allowing deposits). Stay clear, they are a Chinese exchange that is currently being investigated by the PBOC for money laundering. |
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Poloniex allows shorting but only for a few coins: bitshares, clams, doge, dash, ltc, maid, str, xmr, xrp, eth and fct.
You borrow the coins using their margin trading facility, and then sell them. You close the trade out by buying the coin back at a lower price, you then repay what you borrowed, and what is left over is your profit..
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I can tell you the same from personal experience, Adsense is just not worth it for blogs and niche websites. If your website is about cryptocurrencies, then switch to related advertising platforms and integrate an affiliation program which will always pay more than both the alternatives.
The problem is that teh ad networks that pay in bitcoin pay even worse than adsense does. IMO advertising is dead. |
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I would avoid Poloniex for the moment - noob accounts have their withdrawals manually approved, and Polo has a massive backlog, which means some people wait weeks for withdrawals.
Instead try Bittrex and Hitbtc. Try both exchanges for safety (in that you are spreading your money) - don't leave too much on any one exchange.
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Then it happened, a cutesy little dump was made from $2700 to $2000. Surprisingly it didn't pushed down a little further which I see would possibly happen considering the rise that we have had. Anyhow, it's good that it held the $2000 ranges and if anything, we are headed to a nice bullish trend soon.
It is surprising that doesn't push down a little further I see would be likely to happen given the rise we had. However, it is good that it held ranged from $2000 and if there are, we're heading to a nice trend bullish soon. Yeah, I was expecting it to go to $1500. I'll be happy if it consolidates for a while in the $2000 to $2500 range. |
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xrp is not even a crypto... why trust a coin which isnt even mineable... ltc all the way
This. Pretty much most of the big alts (ltc ether, monero, doge, dash) are better than Ripple. No-one uses ripple, it's been around now for three years where they claim they are going to do this and that, and nothing has come of it. |
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I'd say wait, this dump still has further to go (because a lot of margin longs will get closed, increasing the selling pressure).
There is a support line at around $1500, so place your buy orders there.
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Make a reddit account and then send a private message to Mike-Poloniex, with details of your ticket and problem: https://www.reddit.com/user/Mike-Poloniex/He is a Poloniex employee and usually sorts things out if you complain directly to him. Thanks for your advice, but is there any poloniex employee in bitcointalk forum? I don't think there is. I have PM Mike at reddit and waiting for the reply. but His Last Reply at forum 2 days ago If you don't get a reply, start a thread about your problem in the following subreddit: https://www.reddit.com/r/BitcoinMarkets/They tend not to like bad publicity so always respond. |
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It's a possibility. According to the following article, we could either see a correction of 47%, or the price will jump to about $6000: http://www.cnbc.com/2017/05/25/bitcoin-price-correction-record-high.htmlBitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs.
On Thursday, bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date.bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date.
Meanwhile, the number of long positions – those betting on bitcoin to rise – has risen 18.2 percent, while short positions – those thinking the cryptocurrency will fall – have declined 10 percent since the start of the week, showing that traders are getting more bullish on the cryptocurrency, according to data from Bitfinex.
One technical analyst, who looks at historical trading patterns to determine future price moves, told CNBC that the $2,800 could mark a level of resistance where the bitcoin pulls back . The article then goes into stuff about fibonacci waves. The dump has started, Bitcoin is below $2000. According to the article above, it could go to $1470: Currently, the bitcoin world is in "wave three" and according to Duke's analysis, $2,800 could be the level at which bitcoin begins its fall. The price is likely to hit $1,780, but could even fall as far as $1,470, Duke told CNBC. This would mark a 46.5 percent decline from Thursday's high. |
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Great. Thanks for sharing your thoughts about Steem's profitability. I've seen many people make money from Steem by making good articles, thus it encourages me to get started writing good quality posts on this revolutionary platform. I know that it would take quite some effort to get to the point where I could earn a living out of it, but I think that it would be worth it. Now, I'm trying to figure out the estimated interest earnings you would get by holding Steem Power. If you, or anybody else could help me with this, then I would greatly appreciate it. It takes a while to build a following on steemit, but if you produce quality articles, you do end up getting some high value votes. It's not really a social media platform in that you won't earn more than pennies for posting social-media type stuff. It's more a blogging platform, and if you produce a decent quality article, you are more likely to earn the big bucks. |
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