yea ; today bitcoin prices fall below 8000$ ( about -8.0% in 24 hours) this give another chance for test 7300 again in short term Bears still in control ; so i expect even further downside may continue to 4000$ the price is still in good value to sell compared to 2017 or 2016 when was 10k per btc a dream for everyone for this people do that
Looks like we are still holding around $7800 and trading sideways, I guess bears are still on top controlling the market for more than 3 months now and I don't see any bull run happening anytime soon. Of course the price is still good but the problem with investors is that they already set the bar high that bitcoin will not go and fall below 5 figures, however it did so now they are very reluctant to at least try to enter the picture with the current price. If they did, just for short, once bitcoin rose to $9K, selling occurs pushing the price to go below $8K again. This trend will continue unless something big happens that will renewed their interest again, but I don't know what major event that could swayed them to get back at the ecosystem again. I agree to this. Bears are controlling the market right now. The price still seems good because if bears try to bring down the price below $5k levels, the major fud will take place and the whole market can get rekt. They play with the market but never on the cost of ruining the market. Right now everyone is involved in shorting and longing bitcoins and thus bitcoin is hovering between $7k-$9k. Bulls aren't at all in the scenario at present since, Bitcoin is repeatedly coming back from $9k support. The dollar inflow has reduced significantly after December's rage and thus, market is suffering.
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You can never have one strategy for all the market situation. Trading Bitcoin or altcoins or going for long term investment, is all dependent upon the market condition.
In Q1 of 2017, a long term (a year) hodl was profitable. In Q2, short term trade (1-2 months) was profitable. Q3 was good for shorting bitcoin and altcoins equally. Q4 was amazing for short term trading for bitcoin and altcoins. Thus, having the same approach for trading and investing is never advisable. You need to change your strategy for maximizing the profit in the given market situation.
The Q1 of 2018, is so far good for day trading with the profit margin of 10%-50% or one can go long term investment that is for a year from the present price be it for Bitcoin or altcoins. Right now, I am preferring Bitmex futures trading to short and long Bitcoins because of the high volatility in the present price.
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Where is the damn article? You are only trying to get some views and members in your telegram and twitter accounts. I searched for this famous scholar "Dong Yang", but no luck there. Stop spreading rumors and fake news. Already there is a lot mess in crypto sphere due to fake news and rumors, stop spreading more.
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I think it's too early to draw conclusions about the G20 summit, since they postponed the results for July. We can expect a few more such postponement of terms, and a few surprises that will affect the price of bitcoin.
The FSB has clearly stated that right now cryptocurrencies aren't that big enough that it need to be regulated. Thus, the postponing of the verdict was inevitable. Acording to FSB, the crypto-assets do not pose a risk to global financial stability and asked countries to actively support it. I believe cryptocurrencies with a mcap of approx $300 Billion, isn't big enough to be of major concern at economic scale. Thus, a neutral verdict from G20 summit as came was expected. After that it is on discrete of countries to formulate any law for cryptocurrencies which they think will be apt for their financial landscape. Cryptocurrencies won't be a matter of concern at global level such as G20 until the market capitalization is under trillion dollars. We are only gonna get neutral verdicts.
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The same stands true for my country as well. On a famous portal called Zebpay, the fee has been reduced significantly. Both taker and maker fee have come down to around 0.20% mark. This is of course a good news since I used to find alternate exchanges to sell my BTC before this. Now, I can make use of the reduced rates and sell my coins on local exchange. I am sure there would a lot of users in my country like me who were initially hesitant about trading on this portal because of the high fee but would now re consider it.
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We are in crypto bubble right now!
Exactly same as internet bubble. Every stock had $$$ story. But when the inflow of $ stopped, things went bad. Same is happening in the cryptocurrencies. Right now inflow of $ is getting low.
Utility and use case is what matter in long term. We have tons of shit coins in the market at the moment with practically no utility or value. The winner in this space might be a cryptocurrency that hasn’t even launched yet.
95% of cryptocurrencies are worth basically zero by any reasonable measure. But I believe one - possibly more - of them might change the world. The best cyrptocurrencies meet an unmet need.
I am bullish on cryptocurrencies long term. But most of the coins at present will not exist.
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Supply will gradually decrease with every four year halving and will ultimately become zero when 21 million coins are mined. But that figure will reach in 2140. After that Bitcoin will have negative inflation. A deflationary currency will naturally has positive price movement. Since, demand is expected to increase in future, the limited and no supply will give the positive price curve. There won't be a collapse due to 21 million bitcoins being mined, but it might happens because of the no utility or intrinsic value.
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With $315 Billion mcap, cryptocurrencies aren't a concern yet that such a manipulation is required to drive the market. Market is mainly being manipulated by the exchanges who have all the detail about sell and buy order and the bots which manage the bulk trade for the big holders and traders. Those bots run on algorithms that are tough to crack and are quite fast. Right now, manipulation at the level of Cambridge Analytica is quite absurd. snip But my dear friend, audience these days is not as stupid as you think!! They use their own minds and brains, then come at some conclusion. If not all then I would say more than 50% of the people would try to analyze the situation then would come at a rational decision!! It's not only about the social media that you've been emphasizing, there are hell lot of other methods to grab attention of people. But yes, nothing is as reliable n faster as social media is!! But manipulating people is not that easy these days. It requires a great deal of thought and effort to make people believe certain matter! Crypto market is highly amateur at the moment. Manipulation is indeed easy and that domino effect can be created by just a single piece of rumor not even a news is required. There might be people who think or analyse the news. But when the majority traders are selling or buying, market suffers.
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I feel unable to do daily trading in market bitcoin / cryptocurrency, I want to invest my money. please give me advise on what you think is good about:
1. bank deposits 2. Lending cryptocurrency 3. Mining 4. Gold assets 5. Property 6. other ideas ...
your response will be very useful for me, and maybe some visitors who read this thread. and thank you for your comments.
With bank deposit, the ROI is minimal but is least risky. Mining is profitable if you have the apt resources and skills. Gold assets can be a good option as the risk involved is less. In last 15 years gold has given return of 315%. Property investment depends upon country to country. Now, comes cryptocurrencies. Last year, Bitcoin has given return of 1800% and Ethereum has given the return of 10000%. Cryptocurrency trading is indeed risky. But a long term investment reduces the risk. The Q1 is the best time to go long on cryptocurrency and Q4 is the best time to short profit. You can invest in large cap coins at the moment and can withdraw tour money by year end.
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With cryptocurrencies becoming famous and have a potential to have trillion dollar marketcap, Malta is playing smartly by taking the lead and acquiring biggest exchanges and thus can play a dominant role in cryptocurrency landscape in near future. With approx $11 Billion GDP, this cryptocurrency friendly country can give a boost to their economy.
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-Private key security: The user's private key is regarded as the identity and security credential when using blockchain. It’s generated and maintained by the user instead of third-party agencies. An attacker could "recover the user's private key because it does not generate enough randomness during the signature process. Since the blockchain is not dependent on any centralized third-party trusted institutions, if the user's private key is stolen, it is difficult to track the criminal's behaviors and recover the modified blockchain information.
Many security experts wonder if SHA-256, which contains the same mathematical weaknesses as its shorter, very much related SHA-1 precedent, is a concern for bitcoin and blockchain (both usually use SHA-256). The answer is not right now. SHA-256 is strong enough for the foreseeable future. More importantly, since most of the world’s financial transactions and HTTPS transactions are protected by SHA-256, when someone breaks it, we’ll have far bigger things to worry about than just bitcoin and blockchains.
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With appointing Ajeet Khurana, the CEO at Zebpay, as the head of Blockchain and Cryptocurrency Committee, government has indicated that they aren't going to ban cryptocurrencies in India. But are in the process of formulating the regulations for the same. Recently Zebpay joined hands with ClearTax to help investors file tax on Bitcoin gains. This shows that there ain't any ban coming in future, but a proper framework to tax and regulate cryptocurrencies. Also, the recent G20 verdict regarding pushing the use of cryptocurrencies and giving them a boost also indicates towards a positive conclusion from the Blockchain and Cryptocurrency Committee.
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When it comes to internet and worldwide connectivity, China has been playing safely and smartly be it websites getting banned or content being heavily censored and now cryptocurrencies.
The Chinese government that heavily restrict internet access find it easier to prevent information from flowing in and out of the country. Data safety is a major concern nowadays for countries. Crytpocurrency landscape which is highly interrelated and anonymous is an expected matter of concern for a country like China. So banning the exchanges which are prone to hacking and hence in turn can risk the data, is something which is expected out of Chinese way of handling things related to global network.
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The article itself started with the word "RUMOR". I hate when journalist make a fuss out of nothing.
If there is a registration problem with Binance in Japan, then they might look for the valid registration and can go on legally in Japan itself. Japan had been welcoming to fintech firms. It is stated in the article only that the FSA has given 16 licenses to digital currency exchanges. With Binance being the topmost, it won't have a problem with license approval. They might weren't registered before, but that issue can be verywell resolved. Regarding shifting to Malta, that ain't a big deal for a cryptocurrency exchange as big as Binance. But that might halt the operations for a period and they will try to avoid it. Shifting to Malta is a worst case scenario.
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Received the payment for this week. Now i would like to leave the campaign.
Thank you
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Bitcointalk username: iram1011 Rank: hero Member Current post count: 990 Bitcoin address: 18rKgXnuFQ8CdQ34Wf3HyYezBmWLrQfFzP
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According to this guy, there are only 174,225 Satoshis/per person for every person on this planet. https://steemit.com/bitcoin/@infidel1258/satoshis-for-everyone-but-how-manyWe have a lot of work to distribute these Satoshis to their owners. Do you want to see that Satoshis should be distributed more evenly or should we hoard these coins like the Scrooge McDucks we are? How many of you are going "My Precious" like Sméagol < Lord of the Rings > now? Let's discuss what kind of Bitcoiner you are... A Sméagol or a Bill Gates. Why not enjoy the early adoption phase? I ll go with hoarding and HODL! An equal distribution of wealth isn't a viable model at all. That kills the demand which is the driving force of Bitcoin since it lacks and intrinsic value and utility. An unequal distribution makes the trading and investing profitable. An equal distribution will end all the risk, profit, curiosity, loss, margins etc etc in crypto market.
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ETH, being the second best cryptocurrency on the basis of the market cap, plus, a basis to most of the ICOs, has potential to revive. Most of the ICO take ETH as an investment and most of the exchanges have ETH trading pair, these both things will maintain the demand. The growth of ETH from $300 to $1200 in a short period was ridiculous. The massive pump had to end in a correction which coupled with the negative sentiments in the market. But, according to chart analysis, Bitcoin has touched the bottom and is expected to recover from these levels.
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Seriously though, who's that Tokyo whale everyone has been talking about. I don't think there's a credible source to prove anything like that. The selling pressure has been coming from all around and pretending that the price drop could be attributed to a single source is silly in my opinion. I don't know what people trying to spread such misinterpretations of current market sentiments.
You should know by now that the media needs to hype up everything in order to sell its articles. It's no fun reading titles stating that what's actually happening, so they need to spice things up, and they did. It has dropped a bomb that affected people's mindsets, and perhaps even contributed towards a further decline, and that while there might not have been any sales going on after what was known and documented already. In a market heavily depending on hype and speculation, messing with people mentally is enough to get what you need. Just another sign that this market has a long way to go before it becomes even remotely interesting for the major professional parties of this world to allocate a certain percentage of their portfolio to Bitcoin. Actually that media hype had lead to negative sentiment in the market that might have triggered the panic selling among the small investors. Crypto market highly runs upon speculation and news. That hefty Bitcoin sell off by Kobayaschi was enough to spread a negative sentiment in the market. But since the news is positive now and g20 summit's verdict is positive too, market is expected to remain bullish. Altcoins as well as bitcoin has already started recovering with major alts growing with more than 10% leaving ETH which is experiencing a slower growth due to SEC.
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Given the scope and future of this field, I think it is a really good thing. People must be educated so that they know where exactly the world is heading and what is in the store for them. The major pros that I can see are: 1. Proper education, so people can make informed trading choices. 2. People would not get scammed as they would know what precautions to take while transacting. 3. It would help the cryptocurrency community as more people would enter the market.
I don't really see many cons with this idea and I strongly feel that this should be introduced by the government in the near future.
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