-- Experts have cited worries over tighter regulation and concern that a digital coin called tether could destabilize the cryptocurrency market.[2]
Experts from CNBC.com? I didn't read the article fully but CNBC.com is one of the last media to listen to. I mean seriously. As I said yesterday you can become homeless if you listen to them.  Well said there since all they care about is their money, no more, no less. That's why anyone shouldn't listen to financial experts as they are just setting the hype. It's nothing new, that's the whole point. The longer we allow Tether to grow, the larger it grows, and the more damage it delivers once it starts imploding, that's something everyone seeing Tether as a threat was aware of already. It's a logical happening after such event, and thus pretty easily to calculate its forward growing pattern. It's like a virus infecting this market slowly but surely.
So long as bitfinex have lots of volume and is running, tether would continue to grow. Nevertheless, Don't care about the damage it delivers once it starts imploding because there is nothing we can do about it besides not using it. |
|
|
|
Among the variety of coins, I would make at least these groups:
- One is sh*tcoins (no innovation, should not even be there)
- Privacy aimed coins - Monero, ZCash, Electroneum, Onion, Verge,...
- Non really anonymous - Bitcoin,...
- Non-anonymous token and code coins - Ethereum, Neo, Xem, ...
- Not really cryptos - Ripple
What do you think will do the governments as far as regulations or even bans with each of the groups? How may the value be affected?
I am not sure to what the government would do for each and every one of them but what I am sure of is that they will try to regulate them all, not just ripple. For shitcoins though, I think they will decide sooner or later to ban it's usage since it has no real world use after all. If government started regulating most of the cryptoworld, I am sure that the volatility will be affected. |
|
|
|
Source: https://steemit.com/remedcu/@remedcu/india-budget-2018-19-or-arun-jaitley-finance-minister-of-india-on-cryptocurrencyAs quoted by Arun Jaitley, Finance Minister of India about Blockchain & Cryptocurrency in India's budget 2018-19: "Distributed Ledger System on the Blockchain Technology, allows organisation of any chain of records or transactions without the need of intermediateries. The government does not consider Cryptocurrencies as legal tender or coin. And will take all measures to eliminate the use of these crypto assets in financing illegitamate activities or as a part of the payment system. The government will explore use of blockchain technology proactively for ushering in a digital economy." Interesting reading because I was wondering why they banned all coins. Seems they want to control it all and I'm pretty sure that India's government will run crypto-Rupee in 2018. They will not only run crypto-Rupee, they will also try to harness the power of blockchain for their benefit, maybe they would use it as a backbone to their banks and more. For now, what's certain is that I'd they will explore blockchain tech, I am sure that by the time they finished their exploration they will have a centralized product with it. |
|
|
|
I started trading crypto last year on October 25, and for almost 4 months in trading, this is my biggest profit I Made $2000 in BitcoinWhite(BTW) for just using the buy low and sell high method, I bought some on bitflip at $0.15 did not expect that this coin will reach $0.93 for just 24hrs and sold it at $0.90 I made a big profit on this coin and until now I'm doing the same method, and today earned another $500  BTW current price is at $0.5 at the moment. Congrats then. Just remember to not hodl it too much because greed is what makes traders lose money. Judging by your way of posting, you have only held that for a short period of time. You should also try to do long term hodl, you can profit more by hodling long term. Always remember that short term trades are not always profitable although at times it is the best so whatever happens, use that knowledge you got from short trading to the full extent. |
|
|
|
It will not affect ICO's not even one bit but for bounty programs, social media campaigns would only be available to Twitter since Facebook will also ban those promotions on Facebook. Nevertheless, it is only one channel to promote ICO's anyway and here is nothing to worry about. It will also not affect cryptocurrencies as a whole. There are many more sites that have cryptocurrency related adds in them. |
|
|
|
If the government accepts сrypto then it wants to get benefits from this. For example get taxes from operations at the market. Each state wants to fully control the incomes of its citizens.
Of course all state wants full control to the incomes of it's citizens it is what makes them prosper after all. For this reason they want to regulate crypto which is impossible at the moment unless all citizens comply. Still, every country that didn't ban Bitcoin and crypto is now reaping it's benefits because their financial status has been improved since some of their citizens gains profit from crypto. |
|
|
|
I love this coin, it's so funny. Yesterday I found I out about this token called 'Mad Stacks' it's sorta a pyramid scheme people say but it's called profit on profit! This thing will take off imo, ethereum is pouring in already, what do you think? Madstackscoin.comI think it won't because it is an obvious pyramid scheme so why would people specially whales would invest on it? The description of profit on profit is already a red flag for investors since it is too good to be true, that thing won't take off and go to the moon. Instead it will dump later on and turn into a shitcoin. Why also correlate it with ethereum? Even if eth goes up or down that coin won't. |
|
|
|
Well you guys and gals many predicted that we would shoot up on the 26th, well I'm still waiting and I checked a few minutes ago and BTC is now in the $10k range... I'm starting to think we'll continue down in this bear trend to around $8-$9k and then many will buy in there and end all this lolly gagin around, come on BTC let's go to the moon already! Any educated opinions on why we haven't shot up yet? And are we gonna experience a bigger pullback than 50%?
The reason why btc price haven't shot up to the moon is because people thends to hold now and changes would only happen after CAME expires. For sure it will dump for a while but it will go up in price again. I also expect that after CME expiration, fees will significantly go down and transactions might be faster than ever. Still, it needs to be faster and better after that to be able to accommodate more investors. |
|
|
|
Nothing is impossible, but it is looking like we are finding a lot of support around the $10k level.
Just you wait that support around 10,000$ level will crumble once there are many bad news concerning Bitcoin in the next coming days. Also it would be broken when expensive fees and slow transaction confirmation times are not solved this year. Another spam in the network will cause panic and for this reason you are right for saying that it is possible. |
|
|
|
What exactly does he have to back up his claims? This isn't technical analysis. It's just a wild guess out of nowhere in my opinion. It's just him, conveying what his opinion is of the market's direction. Nothing is guaranteed in this world, especially cryptos.
You are right but guesses are one possible scenario to happen in the future. Like what the one who posted above me said, he predicted 2014/2015 bear market and he might succeed in predicting the future again. Since technical analysis can't be applied to crypto most of the time, all analysis we share about it specially Bitcoin are mere speculations. It is as clear as day that Bitcoin is in a bubble but the get rich quick in Bitcoin hype by new users is still not yet over and for this reason his analysis is highly likely to come true. |
|
|
|
Buy low, sell high everyday and you'll be fine.
Easier said than done since no one can predict when it will be low and when will it go up on a daily basis and trying to follow the same strategy everyday can get one fucked up when opposite is done. Lol but there is no any invention with which we can hybernate for 100 years without getting old without dying. If you want than you can go-to coma for 10 years and come back to see yourself as new Bitcoin millionaire.  Don't take it seriously OP is just joking but even if he wasn't he can't do it. Instead he might just hold and sell his bitcoin's when he have had enough profit. |
|
|
|
I think that it really is a healthy pull back since Bitcoin is being more stable to used atm albeit not being that stable but when compared to last December, it was better and faster for transactions to get a confirmation in blockchain today. Also the price dip is just a normal retracement for it to prevent Bitcoin having an unhealthy market. For now I think there aren't any crash to expect in the next coming weeks. |
|
|
|
So, as many are well aware, Bitcoin saw a huge rise in 2017, peaking over $20,000 in some regions; Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before. With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?  Because of the huge rise in 2017, I think Bitcoin price rise this year would not be that big but I am sure this year would probably be one of the most significant for Bitcoin because if lightning network really fixed slow transactions, then Bitcoin investors as well as users will have more confidence in it. Overall I think Bitcoin would not perform badly this year but it won't perform greatly in terms of price rise. |
|
|
|
Tether is the only thing that really worry me, but bitcoin have already shown to be pretty resilient, so even if it turns out they are running a fractional reserve scheme at the end bitcoin won't give a fuck.
There is nothing to worry about because this and that are two different things. There is also no evidence that someone is buying bitcoin up using the tether printed. Even if that is the case, you are right that bitcoin won't give a fuck to whatever scheme is going on with tether to bring down bitcoin. I hope that some rumors here becomes a fact afterwards, I think it would be fun to see bitcoin go down a little again. |
|
|
|
Actually people don’t know so much about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency without doubt is so much important and interrelated to blockchain world.
Well people only have strong feeling for blockchain though not bitcoin since most use bitcoin merely for SPECULATION PURPOSES. Although that is the case, bitcoin will forever be relevant in the blockchain world because it is the first to use blockchain tech and implement it. No matter what coin pops out, even if it is dethroned, it will be important and will be written in the history as the pioneer of cryptocurrencies and blockchain. |
|
|
|
Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?
Why stop? It is the best time to stock up on altcoins since almost everything is in sale right now because of bloodbath. This moment is a very crticial one for all traders as this event can help most gain and for some is loss. Nevertheless buying up alts right now is the wisest choice just choose those with potential left for growth. Dire situations like this ain't time for rest but time to accumulate to gain profit afterwards. |
|
|
|
What is everybody thinking about the fact that the total market cap of crypto is about 1% of the worldwide stock market cap. I would argue that viewing it that way, it’s hard to avoid talking about a bubble. I would suspect a huge correction at some point. Do you guys share that view or do you think I am missing something?
1% of worldwide stock market cap is still big but like you I also suspect a huge correction at some point since bitcoin will not go on a bullish trend forever. I am sure that someday it will show a bearish trend and I think this way because right now bitcoin is not really being used mainly as a currency but people use it for speculative purposes in order for them to profit. If that is the case, at some point they will dump their coins they hold. |
|
|
|
lets give your comment...................
It is hard to predict what price Bitcoin will sit into by the end of 2018 because it might or might not do the same pattern again like what happened to it in the past year. If that is the case, I am sure that Bitcoin price will go above 20000$ if what happened last year will repeat again. If not and btc becomes bearish, then I expect btc price to sit below 10000$ by the end of the year. |
|
|
|
Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?
Even if bitcoin is there it cannot reduce their corruption. Instead of banning bitcoin government might try to create their own cryptocurrency to use in their own respective countries and they will make a law so that citizens will be forced to use their country's crypto. Either way I think bitcoin itself would not be a competitor in terms of currencies as of the moment as it is used purely for speculative purposes now. |
|
|
|
I don't think govt will ever open such a exchange as BTC in their country as it will create a competition for fiat which any govt does not want to be happen in their country
That is true but as far as I know in the Philippines there is a government regulated exchange site from btc to fiat called coins.ph. I don't know how they can tax users that way since they don't charge much but I am sure it is regulated by banko sentral ng pilipinas which is a government agency in charge of regulating banks and others related to fiat currency. |
|
|
|
|
Show Posts
