I am watching the price on both bitstamp and bitfinex (have no money nor bitcoin in either  ) and i see bitfinex is pulling up towards the $1200 meanwhile bitstamp is pulling it down towards the $1150 so what the hell is going on over on these two excahnges! and why nobody is doing any arbitrage trading. BullFinex: $1191 bearstamp: $1147-$1159 Bitfinex is having problems with fiat withdrawals. Wells Fargo blocked them, then bitfinex announced they were suing Wells Fargo, then they announced they were withdrawing the suit. The price is rising on bitfinex because people are buying bitcoin in order to withdraw. My advice: don't arb, don't put any money in bitfinex - this is how the Mt Gox problems started (they couldn't process fiat withdrawals). |
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by now I think everyone knows perfectly well that this is a clear spam attack against bitcoin network and there is no hiding the facts.
Huh? People using the network is "spam" now? This is why bitcoin won't ever handle as many transactions as VISA - how could it, when people have the attitude that just using the network constitutes "spamming"? |
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1-2 month could be 50$
I doubt it. More likely they've activate segwit and find no-one uses it and that will be the end of that. |
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Would you trade DASH in Kraken exchange?
Yes, because you can trade your dash directly for euros or dollars on kraken. It means you don't have to mess around trading on an alt exchange, and then transfering your bitcoin to kraken (or coinbase or wherever) in order to sell for fiat. |
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thanks for the share, i just saw this and came to share this same thing here. Charlie Lee has been really hard at work for the past few weeks, always ready and always watching. he even replies to the major tweets right away, right the one he did to bw.com and convinced them to activate SegWit. the developers are also working on the integration of Litecoin with OpenBazzar platform. I'm looking forward to how quickly this is all going to happen. It will be interesting to watch. The price seems to have stalled though. And the number of transactions is still low, see: https://bitinfocharts.com/comparison/litecoin-transactions.htmlOnly 4,539 transactions in the last 24 hours. It is worth developers working on the lightning network on a coin that hardly anyone uses? |
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Doesn't change the fact that that positive segwit news/rumors make the price go up and negative segwit news/rumors make the price go down.
When Charlie Lee confirmed that Wang would not stop signaling segwit, price went back again.
Now if Jihan confirms that he will drop that amount of hash rate against segwit, the price will go down too.
Rumors have to contain information and depending on what the rumor says market reacts.
TL;DR: segwit news/rumors make the price go up and negative segwit news/rumors make the price go down. This is a fact.
Speculators always trade off "news", doesn't matter what the news is. And that is what we are seeing. I actually hope Litecoin does adopt Segwit, because afterwards it will prove no-one uses it and no-one wants it. |
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BTC has been rising on declining volume. That indicates to me that this rise will not make it to a new ATH before it falters. I am sticking with my theory that BTC is range bound until Litecoin gets SegWit. I think we are going to see another leg up on LTC as the SegWit signaling has climbed back up to 68%. This pullback has brought us back to the uptrend line, which I expected we would come back to test one more time and especially given BTC is up today. Given the steepness of that uptrend line (on the right chart quoted below) we either have to fail and crash or start another leg up soon. Failing and crashing seems to not be very likely. So I say load up now on the LTC you want for the next run up. If that uptrend line holds, we have to be back above 0.009 within 6 days 0.011 within 2 weeks. So that is a minimum 40% increase in your BTC within 2 weeks if the uptrend line holds (which it has thus far throughout this crazy volatile rise). Also today we broke out above that downward blue channel in the left chart quoted below! Thoughts? Not really: We are rather in the blue channel right now :  So in terms of the right chart, we are still within an upward channel, barely. Insane volatility due to the hashrate/signaling manipulation. 40% increase!? That's a big call. I think there might be a pump to coincide with the news that Segwit is activated on litecoin, cause that's what pumpers so (make sure their pump coincides with news) - but it will be short-lived, as people simply won't use litecoin for anything. |
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Because most get delisted eventually and THEN no one wants to buy them for any price.
Since the only use these have is trading for profits on exchanges then it means when they get delisted they are pretty much dead.. unless they get back onto an exchange (VERY RARE)
Your money would be better spent playing the lottery or buying scratch & wins at the gas station.
Or..
Simply putting it into a basic savings account at any bank and leaving it there for 5 years.
The value in that is you WILL get a profit guaranteed.
Bank accounts pay zero interest, where have you been?! IF people go down the route of investing in all the alts, you need to treat it the way venture capitalists do. They know that most of their investments will be losers, about 5% will break even, about 5% will make a modest profit, and 1% will be blow-out gains. |
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It is really up to the developers of those coins to contact Yobit and ask them what the problem is, and offer to help. If the developers can't be bothered, then the conclusion is that teh coin is dead.
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I like it when it is stable! It needs to consolidate at this level before it tries to push upwards. Otherwise you just gpo straight up and back down again within a few days.
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It's horrid to have to think that someone who says they support the Bitcoin community, in this case Jihan is the same person who is just blocking the best solution out their based on the pure motive of greed and eyes of profits. I do understand it though, as money is usually the motive for many decisions being made when it comes to big decisions in the world.
This would also be the reason that they'd be losing around 30 percent in the leg up they have on everybody else so I guess that would mean 30 percent less profit and such?
Segwit does have its own problems but I really see it as the only viable solution that would really be following what Satoshi would've wanted. As I do highly doubt Satoshi would've wanted a centralized system run by King Ver.
The "best solution" is in the eye of the beholder. If Core really believe their solution is best, then they should invest in some mining pools in order to get them over the activation threshold. If they arn't prepared to put their money on the line like that, chances are, segwit is not the best solution. |
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Why do coins have to be a store of value? All that does is lead to hoarding. How much bitcoin gets spent? Very little, people think of it like gold, or stocks.
The value of doge is that it can be used as a currency - in other words, to buy and sell real things in the real world. The inflationary side is a plus because it means people spend and tip instead of hoarding.
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I am interested in learning how identify opportunities for swing trading these currencies by using research in conjunction with discussion on forums like these.
You need to use more than just this forum! A lot of info here has an agenda - you have people pushing coins, you have bagholders trying to get others to buy so they can sell, and you have well-meaning people who don't know what they are talking about. You need to read more than one source to get a true picture of things. I recommend reading reddit as well (they have loads of subreddits devoted to specific coins). You might also want to follow the daily threads in the bitcoinmarkets subreddit: https://www.reddit.com/r/BitcoinMarkets/ |
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For all we know, Satoshi is already influencing things under an alter ego/another name.
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everyone's thinking only in terms of segwit = scaling. that's cool but not the main reason for it. it allows tons of new possibilities. if segwit is activated on there it's also gonna attract an influx of bitcoin developers. why ignore the only game in town?
Bitcoin developers will only move to Litecoin if they think their work on it will get rewarded. But if no-one uses the coin, they won't get rewarded... You need to build the community first, and then everything follows. |
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You do not have to be expecting too much LTC. The transaction volume is high because it is just an old coin.
Or transaction volume is high because old bag-holders are taking the opportunity to cash out... |
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