Whether or not you think this run is a bubble or not, there will be a correction. Right now though, with $2000 well in sight, FOMO is in full effect. Just have your fiat ready on deck so that when that correction comes, you'll be prepared for the opportunity.
Yes. The SEC is reviewing the winklevoss etf again, and will have a decision by 15th May. I think the current pump is aimed at that date (there may be a sell-off as the etf is rejected again). |
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I don't think so. The price of Bitcoin is still travelling upwards. It is simply the fact that Litecoin and a few other altcoins have gained popularity. This means that money and interest I'd going into the crypto industry, which will indirectly benefit Bitcoin. A competition of coins is good.
There are two issues. One is which coin will be used as a store of value, like gold. Bitcoin is way ahead here and I think it will stay ahead. The second is which coin will be used as a currency, to buy and sell stuff. Here the jury is out: the blocksize issue, the length of time it takes for transactions to confirm, the fees for sending, all these thngs mean that bitcoin is not likely to be used as a currency any time soon. But if not bitcoin which alt? The only coin that has a rising number of transactions per 24 hours is Ether. |
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Looks like they have security in place in case you a) log in from VPNs or b) withdraw to an address that you haven't withdrawn to before.
I know someone said they tried to withdraw to their polo deposit address - but if you haven't withdrawn to it before, i think they manually verify things.
Also: make sure you check the entire string when you paste your withdrawal addresses - there was a scam a few months ago where these addresses were being overwritten because people had a virus on their computers.
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If people don't like poloniex, there are other exchanges you can use:
bittrex, kraken, hitbtc, cexio and so on.
It's a good idea to spread your coins and trading around - don't keep everything on one exchange.
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Can anyone confirm being able to take out over 1 BTC from Polo in the last 24 hours?
Everywhere people waiting, no one is getting his money. I will commit suicide if Poloniex stole my money, I swear. People are telling me they managed to withdraw money.. Just calm down i'm sure this will all be ok :/ Trollbox is 30% "where is my money" "deposit not arriving" "withdrawal approving" And you are sure this will all be ok?? Ok now that is strange. Are you withdrawing to the same address as previously, or is this a new address ( I ask because i think they whitelist previous addresses as OK and problem free in their algos). |
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Can anyone confirm being able to take out over 1 BTC from Polo in the last 24 hours?
Everywhere people waiting, no one is getting his money. I will commit suicide if Poloniex stole my money, I swear. Nothing is worth commiting suicide over! If they have stolen your money, then simply lawyer up and sue them, so much more satisfying! I think what is happening is that withdrawals below 1btc are going through automatically but anything higher than that need manual approval and there is a backlog. If your funds are returned to your account, try withdrawing an amount less than 1 bitcoin, and see if that goes through. |
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What is the critical market cap / event(s) / non-event (eg failure to adapt) that will see a terminal decline or marginalization of btc and over what time scale?
I feel an alt, say eth having a larger cap and volume than BTC for about 2 months will be hard for BTC to recover from.
If BTC moves to Number 3 or 4 by market cap even harder.
I know market cap is massively misleading, but its populist nature is alot of its power.
If BTC does not scale within 2 years is my time frame.
I wonder what the miners will be doing with all their paper weights at that point, particularly the highly leveraged ones?
It's not just market cap that matters. Other metrics come into play as well, such as the number of transactions in the last 24 hours. Bitcoin leads by far with 360,636 transactions in the last 24 hours. The next is ETH with 117,551 transactions and then Doge with 17,038. See the following for details: https://bitinfocharts.com/As you can see bitcoin is still the most used crypto and will retain it's #1 status as long as that remains true. |
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I withdrew some bitcoins today from polo and had no problems.
Are you sure that you got your withdrawal address correct? there was a scam going where people had downloaded a virus that was amending the address they were copying.
If your withdrawal address is correct (check the whole string), then raise a ticket and they'll sort it withon 24 hours.
How much bitcoin did you transfer ? Was it over 1 BTC?No less than that. Perhaps break up your withdrawals into smaller units, so that it automatically processes |
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I withdrew some bitcoins today from polo and had no problems.
Are you sure that you got your withdrawal address correct? there was a scam going where people had downloaded a virus that was amending the address they were copying.
If your withdrawal address is correct (check the whole string), then raise a ticket and they'll sort it withon 24 hours.
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ETH dropped because someone did a very large sell on Kraken.
As for litecoin - I would say normal profit taking, it's had a nice run up, and people tend to cash out after that.
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Tim Draper seems to be interested: http://www.cnbc.com/2017/05/05/billionaire-investor-tim-draper-backs-new-cryptocurrency.htmlBillionaire venture capitalist Tim Draper soon plans to take a step that even he, a long-time bitcoin aficionado, has eschewed until now: Buying a new digital currency offered by a technology start-up.
Draper, an early supporter of bitcoin and its underlying blockchain financial ledger technology, told Reuters in an interview he will for the first time participate in a so-called "initial coin offering" (ICO) of Tezos slated later this month.
Tezos, a new blockchain platform launched by a husband-and-wife team with extensive Wall Street and hedge fund backgrounds, will launch the ICO on May 22. Draper will also invest in U.S.-based Dynamic Ledger Solutions Inc., the creator of Tezos, but did not disclose details. |
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Has it been confirmed they ve halted withdrawals as well? I ve read only about wire deposits not working.
They only halted deposits/withdrawals in FIAT. Not sure why people keep pushing the idea that this is affecting coins as well -- it isn't, hasn't, and they've said it won't. I think some people are getting the situation confused with what is happening on the Chinese exchanges. Bitfinex (based in Taiwan): have halted all deposits and withdrawals in Fiat OKCoin and all the Chinese exchanges: have halted all deposits and withdrawals in cryptocurrency (and this has been the case since mid February). The western exchanges (bitstamp, GDAX, Gemini, Kraken) are all fine and you can deposit and withdraw both fiat and cryptocurrency. |
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I'd sell most of them, they're in bubble territory. Look at their charts - if they've risen by more than 10% in the last 24 hours, you can bet they're about to do a big fat dump.
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Bitstamp is known for tight security (if you can call that closing people's accounts). About 2 years ago they went on a rampage and terminated all unverified account. More info here: https://www.bitstamp.net/article/final-notice-to-unverified-account-holders/So it seems they introduced next level of this strategy. This time they will close accounts for selected users who are not 100% flawless according to their system. It is probably due to some new AML or other KYC policy. They're in Slovenia, and the Slovenian banks all needed bailouts back in 2011, and then again in 2013. So I expect this is down to some tightening of bank criteria. P.S. I found the following very interesting article from 2016: http://www.intellinews.com/ecb-threatens-legal-action-after-raid-on-slovenian-central-bank-101451/According to a July 6 statement from the Slovenian police, there are suspicions concerning an assessment of one of the banks rescued by the state in 2013, which meant that that bank could gain financial benefits and scrap its obligations towards holders of subordinated bonds and subordinated debt worth €257mn, due to decisions taken by "official persons".
As part of the banks' overhaul a total of around €600mn of subordinated bonds were scrapped at five banks. The Slovenian Association of Small Shareholders responded by filing several court cases against the central bank and local banks, claiming the subordinated bonds and shareholders' capital in rescued banks should not have been erased.
The Slovenian central bank had repeatedly rejected allegations that it mishandled data used when putting together a rescue package for Slovenia's banks, Reuters reported. The whole Slovenian banking system is in trouble when it's Central Bank gets raided by the European Central Bank. |
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Probably using dozens of bot/script controlled accounts.
This. They probably have multiple accounts where they can cash out at below $2000 a day and be beneath the radar. |
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It's a sweet little coin. It doesn't cost much to move it (fee is 1 doge), people don't mind spending it and tipping with it.
I'd say that if you wanted to do everyday stuff, like buying coffee, doge would be a better option than bitcoin. The problem is that most vendors don't accept it, which is what is holding it back as a coin that can actually be used in real life.
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I wouldn't worry about it. Lots of alts are just speculative devices and it's perfectly possible that when several alts are being pumped at the same time, bitcoins share of crypto might be less than 50%.
The time to worry is if an alt's market share exceeds bitcoins - that is the only scenario where bitcoin is under threat.
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