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It is because you can short sell BTS on Poliniex (it is one of the few alts that are available for margin trading). Alts that can be short-sold struggle to enjoy huge pumps.
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A house.
You need to live somewhere - so if you are not paying a mortgage, you are paying rent.
The feeling you get when you have paid off your mortgage is fantastic - suddenly you have your shelter sorted, which means your disposable income rises (no mortgage or rent to pay) and you can take more risks (work part time, and so on).
Always sort your shelter first, and then move on to other investments.
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Despite the hype about segwit on litecoin, nobody is using it.
You haven't read my hypothesis. I have. You said that the scaling would go to Litecoin. But it hasn't, as evidenced by their pitiful transactions. It's no point having a feature that no-one uses. |
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I think you guys are getting ahead of yourselves. I looked up Litecoin on bitinfocharts: https://bitinfocharts.com/Transactions were only 5552 in the last 24 hours, compared to 82378 for Ethereum and 265,345 for bitcoin. Despite the hype about segwit on litecoin, nobody is using it. |
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You could lend it out on Poloniex - you'd make more than 1% monthly, especially when pumps are on and the interest rates soar.
For poloniex lending, other than risk of exchange getting hack There's no other risk imply right? If i am not mistaken those lending funds is use for margin trading, therefore if it goes below an amount of loss it will auto close the deal so lenders are safe for this? Yes - Poloniex handles the lending, and acts like a middleman, and takes a 15% fee. They auto-close trades to return the loan if the borrower is too far underwater and hasn't met their margin calls. I've been lending there for a year and have had no problems. You can see the lending rates on the following: https://poloniex.com/lending#BTCYou just place your loan offers, and then the borrower takes them. The rates quoted there are per day. |
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I would say Litecoin.
1) It's a seasoned genesis crypto (i.e its been around forever!)
2) It's so damn cheap ($4 a coin, wtf).
3) Huge upside potential (segwit @ 1/3rd the way there, and will more than likely be adopted as soon as f2pool signals)
4) The charts are showing this thing is ready to pump as soon news breaks on segwit approval. Its moving in such a tight price range. The buy pressure is building, BIG TIME and we all now know more buy's (demand) and less sells (supply) = LTC @ $220 before January 2018.
I agree that Litecoin and Doge are actually used to money money around (particularly from exchange to exchange). I don't think LTC will hit $220 though. That's extreme wishful thinking!/ |
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Hashpower = voting rightsIf you don't mine, you don't matter except as a weathervane for miners to observe in their goal to maximise the Bitcoin price. It's not really complicated guys  This. And what is more people like him have spent a fortune building their mining rigs, so I doubt he would be complaining about Core unless he thought they were choking bitcoin's future. |
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There was a rumour a few days ago that the PBOC wanted in person verification: http://bitcoin.xyz/pboc-proposes-person-verification-account-opening-exchanges-withdrawals-still-hold/An article in the China Business Journal reportedly claims that the PBOC has sent a 4-page draft proposal to Chinese bitcoin exchanges. The bank is asking them if the requirements outlined in its proposal, including one involving a mandatory in-person verification, are feasible.
An exchange insider, Lu, told the Chinese publication that one of the items listed is the requirement for all new users to go through on-site verification before they can open an account. Bitcoin.com previously reported on the PBOC potentially requiring on-site verification in order to deposit or withdraw 50,000 yuan when using a Chinese bitcoin trading platform, but doing so to open an account was not mentioned.
Lu commented that this requirement is not feasible and does not follow the trends of the internet, citing that even stock market trading accounts allow remote video verification. We shall have to wait and see if a) they accept viseo verification and b) how many of the customers of those exchanges agree to video verification. I suppose b) depends on how much money is involved and whether they can afford to walk away to keep a low profile from the Chinese govt. |
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Pick up cheap alts? What, after they've been inflated past all rational valuations? Nah, I think it would be a great idea to sell and take your profit off the table now (if you made one). I definitely wouldn't be buying right now. Bitcoin maybe, but NOT any altcoins.
Yes, most alts should have been dumped already by hodlers, the rise was unsustainable, but some got smaller pumps such as LTC, which only doubled. I sold half of my LTC and made profits, but i'll keep half of it there to hedge against the risk of a potential 51% BU mining support. I think LTC and ETH are decent bets to profit from such an scenario. Good call. Litecoin held it's dollar value well, through the bitcoin pump as well. When people look at alts, they tend to only look at their bitcoin value. Get into the habit of checking their dollar value - it gives a better indication of where things are going. |
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Maybe some people should have commented on this, some mistakes that should be avoided:
Do not believe in yobit chat conversation
Dont believe in polo trollbox
I had my lesson.
Last year when I started trading, I put together my money + the little subscription campaign and decided to start holding the trade.
Guess the place where I chose to start making trade? Yobit.
I bought some coins that just fell in value and many turned scam.
I lost all my bitcoin and my precious time
Yes - most coins are shitcoins, and they pump once, the developers cash out, and lots of bagholders are created who have worthless coins. If you want to trade alts, then stick to the top ten coins by market cap, which will usually survive for several years. |
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You could lend it out on Poloniex - you'd make more than 1% monthly, especially when pumps are on and the interest rates soar.
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I recently built a list of the best altcoin exchanges https://www.bestbitcoinexchange.io/ which includes the most trustworthy places to trade bitcoin and cryptocurrency. In my opinion, these are the best platforms for serious altcoin traders: 1. Poloniex - solid community reputation, great volumes, excellent interface, good compliance standards, margin trading on major altcoins, fully refunded users after small theft in 2013. 2. Bittrex - good user trust, located in Vegas USA, nice daily volume, trading interface is good, not as many cryptocurrencies listed though. 3. Yobit - a huge range of coins to trade, good for pump & dumpers, professional trading interface, but too many deadcoins can make things confusing. 4. Bitsquare - decentralized & p2p - I can only repeat how amazing it would be if all exchanges were decentralized. 5. Hitbtc - Copenhagen-based, plenty of users, fees remain low. 6. Changelly - Czech cryptocurrency exchange with serious admins, user following is growing but some way to go still. 7. Kraken - not yet there, but slowly becoming a full-on cryptocurrency exchange. Recent listing of Tether (USDT) make it their 10th alcoin available to trade. Excellent community trust for buying/selling BTC. 8. Shapeshift - different from traditional altcoin exchanges, no account needed to swap coins, based in Switzerland, not a custodial platform so less risk though I know many of you hate yobit in terms of accepting many coins in their trading platform From what I have seen this feature has actually contributed to their recent growth. Now that Cryptsy is gone, Yobit are the only proactive exchange accepting all new interesting coins. That's a good list. One thing people should look at is trading fees - if you trade a lot, high fees can hurt you. Also, as a veteran who has lost money when two exchanges got closed through fraud (Mintpal and Cryptsy), beware when they increase the withdrawal fees. That's usually a sign that something is wrong and they are trying to deter people from withdrawing coins. |
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...
the Chinese news is old stuff and more importantly i don't think the timing of it is right. if it were any other time there may have been some effects and price tanking but now is the time for rise, specially with the altcoin pumps nearing an end a lot of money is coming back into bitcoin these days. It isn't old stuff - it is unresolved stuff. Suppose they decide not to permit withdrawls after all. What happens to those coins? Do they get auctioned off? Do the exchanges keep them? Do they get suddenly dumped on the western exchanges by shady characters? |
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There will always be another time. It always happens. All it takes is just a new FUD and the price will plummet down again and there is your opening to buy cheap coins. You just have to wait again for it.
This. We are still awaiting the outcome of the PBOC block on withdrawals from the Chinese exchanges. That was six weeks ago. We keep hearing stuff about "in person verification" on the Chinese exchanges: http://bitcoin.xyz/pboc-proposes-person-verification-account-opening-exchanges-withdrawals-still-hold/An article in the China Business Journal reportedly claims that the PBOC has sent a 4-page draft proposal to Chinese bitcoin exchanges. The bank is asking them if the requirements outlined in its proposal, including one involving a mandatory in-person verification, are feasible.
An exchange insider, Lu, told the Chinese publication that one of the items listed is the requirement for all new users to go through on-site verification before they can open an account. Bitcoin.com previously reported on the PBOC potentially requiring on-site verification in order to deposit or withdraw 50,000 yuan when using a Chinese bitcoin trading platform, but doing so to open an account was not mentioned.
Lu commented that this requirement is not feasible and does not follow the trends of the internet, citing that even stock market trading accounts allow remote video verification. The chinese saga isn't over and may yet tank the bitcoin price. |
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Good news,about KYC fiat money market is regulated it means btc=money in Japan,there is a lot of interesting in btc from japanise financial companys,so it is all good in long term
Agree The more regulated exchanges, the more likely the final ETF will get approved (they want to see the majority of bitcoin trading volume on regulated exchanges before they giove the go-ahead). |
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1150 boys! Seems you've posted at the wrong time since we've just started to go back up again. BU is losing ground and people are finally realizing this and together with the price increase hopefully this BTC-BTU debate will end. 2017 isn't halfway through yet, remember that!
Seems to have pulled back a bit. I expect all those who bought at a price over $1100 in Jan will be taking profits as it goes above, and only once they have departed, will the price then move higher. |
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Actually, the steadiness of Doge's dollar value is what makes it a really useful coin. You can use it to move money from exchange to exchange without really losing through fluctuations of price.
Having a steady value means it is more likely to be used as a currency than as an asset. If more online retailers accepted doge, I think it would be used more than bitcoin (people tend to hoard bitcoins).
True. That is why I think that Dogecoin might become more useful for everyday payments than Bitcoin itself. Having the convenience of speed and price stability, would help the cryptocurrency become used in the mainstream world. I noticed a while back that because it is such a fun little coin, people are happy to tip with it. Which means they'll be happy to spend it too, if online wallets allowed them to. |
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Hmm. I see absolutely nothing to support this statement. So do they mean because they are cheating on their taxes? That is a completely different topic. Those people are stealing and should be charged. Yeah. read the article (I didn't want to copy paste the entire thing). But the long and short of it is that they did a search for bitcoin trades declared in tax returns, and found very few, compared to the number of trades on CoinBase. So they've essentially supoenaed the whole of Coinbase to check for trades that haven't been declared. |
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https://www.forbes.com/sites/jasonbloomberg/2017/03/28/bitcoin-blood-diamonds-of-the-digital-era/#72915253492aBitcoin has long been the transaction currency of choice for drug dealers and extortionists, but this month, the IRS has upped the game. Just as tax evasion finally took down Al Capone, now the IRS is looking for tax evaders and other tax cheats who have been using Bitcoin in an attempt to hide their tracks.
The IRS recently subpoenaed customer records from Coinbase, a leading Bitcoin exchange. However, the subpoena is but the latest skirmish in a years-long war against criminals who have been leveraging Bitcoin for a wide variety of nefarious purposes.
The specifics of the IRS subpoena, however, make one thing clear: the majority of Americans who trade in Bitcoin are likely breaking the law.
Coupled with Bitcoin’s popularity among ransomware extortionists and all manner of other cybercriminals, we must now face a chilling realization: the underlying value of Bitcoin really has little if nothing to do with its artificial scarcity or popularity as a medium of speculation.
On the contrary – the only reason Bitcoin has value to anyone is because of the underlying value as a medium of exchange for lawbreakers. If we could flip a switch and eliminate all illegal uses of Bitcoin, there would be nothing left of the cybercurrency.
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Google is your friend.
Put the alt name + scam into google and see what comes up. When people are upset about a coin, they usually blog about it somewhere and list all the grievences.
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