Until the next China ban comes. How many times will they do this?
nobody cares anymore! the Chinese never really had any real effect despite have a big market over there. their real volumes have always been like the USD markets if not less but people always used them for their FUDing purposes to hype up the price or cause panic sells. them coming back will bring that real volume back and a considerable size of demand, nothing more. right now as others have said the Japanese volume exceeds all of them. the adoption there is exploding to the moon
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adding silly memes to a screenshot of a chart when you zoomed out too much that each candle is representing one week doesn't make it correct! zoom in that get rekt under Leo's pic and see the fact that price went up nearly 500% in 1 month. and then zoom in the current rise and see all the corrections that is happening each day!
I am not saying price won't fall down, there is a good chance of a correction happening the bigger price gets. but your topic doesn't make any sense.
I can show you the same thing you are saying in at least a dozen other topics with the same memes on them saying this is 2013 back when price reached $1100 for the first time!
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0:00 5.23.17 LTC buy signal. 0:00 5.24.17 DGB buy signal. 12:00 5.24.17 DOGE/BTC buy signal 0:00 5.25.17 Move from primaries BTC/ETH to small alts. 5.26.17 enjoy your holiday weekend.
I don't understand what the point of sharing something like this after their deadline is! you may as well opened up a chart and looked at which coin has gone up and posted it here this topic would have been valuable if it was posted here on 22nd not today after 48+ hours has passed.
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we cant say it will or won't because it depends on a couple of things at least. there are a couple of forces that are increasing the demand and with it the price, such as Japanese mainstream adoption and other smaller news similar to it. and then the good news about Chinese finally making a move has led them to come back and have the same price as the rest of the markets.
but we still have the scaling war/debate thing going. and that is hurting us. if them kids finally stop only seeing in front of their noses and start compromising we can see $5000 and above easily.
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so in short, you have decided to give up using a buggy web wallet which at least you controlled the private keys so you could also control the money and instead chose a third party which will control your money and you have 0 control or power in the matter.
good luck. and just have what happened to Cryptsy and Mt gox and similar exchanges in the back of your mind.
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even though <<< whoever you think is to blame >>> almost totally fucked up and killed bitcoin, it seems like we'll be able to move forward. Great days are ahead. Main stream hasn't even gotten on board yet. I'm thinking Bitcoin will be $100k within 10 years.
HODL!!!
actually nothing is clear now! price has been rising for a long time now with the need for a bigger correction, and in bitcoin the bull runs never last forever. and as far as the rest of the drama goes, nothing is yet solved or cleared. there is only talk.
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I go alt to alt if the platform lets me for example many exchanges have this feature that you can trade altcoins with each other, they have the markets. for example in cryptopia you can exchange any altcoin with bitcoin, dogecoin, litecoin, dotcoin, feathercoin, and USDT. bittrex also added this recently where you can exchange some altcoins with ETH and obviously the base BTC market. and they have a couple of USDT markets. and if the rout is there I would take it, because that would save me on extra trading fees.
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ETH's normal fee is about 4-5 cents per transaction. However, if you think that's much, you can chose to pay a very low fee, like <1cent, and wait for a few mins instead (1-2).
I don't know who to believe, you (a known ethereum advertiser who is known for spreading misleading information) or what I see on block explorers! here is poloniex ethereum wallet: https://etherscan.io/address/0x32be343b94f860124dc4fee278fdcbd38c102d88none of the tx fees seem to be anything lower than $0.12 to $0.16 and when I search more on blockexplorers with more information such as average tx fee per transaction in a longer period they say of fees around $0.45
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I am worry about that BTC is not being used for the porpouse of is creation, that is being used as a currency, instead is being used as an investment, and is going to crash if is just saved and not used, so the BTC will crash to zero very soon if that does´t change soon.
being used as a currency is like the boost bitcoin can get to reach much higher prices such as $5000+ and stay there not just reach and come back. but if it weren't used for anything other than being an investment the adoption and rise will encounter some problems, some slow downs, but it won't crash. people are still going to invest in it and price will rise and stay up in the long term. and remember bitcoin is still being used as a currency whether you see it or not!
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when you don't understand how ethereum lacks the main and the most important factor in cryptocurrncies, and that being the lack of a decentralized decision-making mechanism, there is nothing anybody can say to make you understand how literary any other altcoin has a much bigger chance than ETH has!
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OK with all the posts about transactions fees and transaction holds etc .. thought I'd post my experience ..
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
when you make a withdrawal from a service, like what you did and withdrawn from your exchange Kraken, the service takes a fee from you and pays a different amount of fee on the transition. you paid 0.0005 BTC to Kraken, your transaction fee may have been different depending on the size of it, it may have even been bigger. for example when I make a withdrawal from bittrex they still take 0.0002 BTC from me but they pay a much higher fee on transactions like 0.0007 BTC
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my gut tells me a new wave of FUD is going to hit us pretty soon.
oh I forgot to update this one I would like to thank my gut once again for alerting me about FUD, I wish it was correct about the bottom but nonetheless the FUD came and gave us the $888 bottom to get ready for the $2000 rise. my gut is silent right now though, I will keep my ears to the ground though
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instead of asking a bunch of random people on the internet, go educate yourself about bitcoin. take a look at how it works, what it offers, the security, the decentralization, go find out what these mean. then try to get a feeling of how scarce bitcoin really is. don't let the big number fool you, it is scarce.
and finally learn what supply and demand means. and figure out how demand is changing over time. is it increasing? decreasing? no change?
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altcoin mining have always been much more profitable, and bitcoin miners are also doing it already. you may not know it but they are doing it. go check out coinwarz and find a lot of profitable altcoins to mine which are much more profitable than mining bitcoin! and besides everyone knows there is a lot of profit in pumping altcoins. the inflation rates you are coming up with proves this
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I don't think the idea will work well, first of all it is not safe to let everyone know that you have a bitcoin, it may makes you become the criminal's target, and let say you tattoo it in your private area, then how are able to used it? if I want to keep my wallet safe I will choose different method not a tattoo in my skin and not implant anything in my skin
First of all, how will everyone know that? Unless you did it and post it on a social media, obviously, the one who did your tatoo will not say anything about it. You can always disguise that waklet into a normal tattoo right? And why will you do it on your private area? You are not that stupid to do that right? Obviously, how will you use that if you wil be putting it there? when people are talking about tattooing their bitcoin related stuff on themselves they are referring to a QR code representing their bitcoin address, it is not really the private key as you can see from the pictures that are posted. it is a weird idea but again many do so many weird stuff to themselves!
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Only poor people think about dollars and pennies. Rich people, like us that hodl Bitcoin for some years, think only in multiples of thousands, the hundreds and below being insignificant. So for now bitcoins is the best for us.
Maybe some day the thousands dollars could be counted in smaller fractions of Bitcoins
not everyone is an early adopter like us so many are just finding out about bitcoin, and they are from so many different countries and you may think bitcoin is worth 2000 units in USD but in some other currency it is worth millions units and 1 satoshi is actually worth something not just a fraction. and when these people want to invest they usually think about buying 1 whole bitcoin, they still don't get how bitcoin is divisible like gold for instance.
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bittrex exchange used to have a tab called "distribution" or something like that which showed how much of an altcoin anyone holds in their bittrex wallet. they sadly removed it what you want usually is found on altcoin block explorers. it can be only for one coin and they have the "rich list" the only thing that I have in my bookmarks is this: https://chainz.cryptoid.info/xmg/#!wallets if the link didn't work because of the # tag go to the "largest wallet" tab and there you can see the list you want. this explorer has multiple coins too.
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I think the balance showed up after some time. That was causing the confusion. But I still don't know if I am in a trade or not. I don't know how to tell.
JH
it may be because poloniex has some problems lately since they can not handle the traffic of large number of traders with their small servers. so their API (which this site is using) will be slow and might have some delays. you should start to your trading job with yobit.net , this exchange is really cool and simple for the beginners when I started the Bitcoin trading then I started with this action because I don't understand the basic system in the trading and got confused in the Poloniex exchange . So it will be more better that start with simple and if you get much experienced then start with big exchange like poloniex and bitrex etc .
this is a terrible advice. first of all Yobit is a shady business that may very well run away at any moment. secondly it is a terrible service, they lack support, they don't manage the platform well, it has a lot of bugs, the wallets are all dead apart from bitcoin and a couple of others. the orderbooks are so thin, the orders are fake, they fake pump the coins every hour and you can not do anything because the orders are fake or you will lose money, and a lot more. even as a beginner there is no different between choosing a trading platform.
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I'm just bumping this to thank Mr. Hearn for his contributions to my bitcoin stash. without him I couldn't have as much bitcoin as I have now. I bought a lot of bitcoin back when he said what he said and caused the dip. it was a really good day, that day. and now we are about 350% higher than the price of that time. I just wish bitcoin could die more often back in the $300-$500 range
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here is the big problem with this strategy of yours: 1) Find a newer exchange that doesn't have a lot of people.
this means when the exchange doesn't have enough people, it doesn't have enough volume. in cryptopia that you mentioned the minimum order that you can make is as small as 500 satoshi and these two means the orderbook is filled with small orders, sometimes it is so small that it can not even cover the transaction fees. and most of the time the profit is so small it doesn't worth the time and risk to even try this. and worst part is that many of these small exchanges, for example Yobit are scam. or their wallets are empty, out of work, ... and I have tried this, you go buy some altcoin there and when you want to withdraw you hit a brick wall. your funds will be blocked in limbo because you can not cancel the withdrawal and support doesn't reply and the price keeps falling on both places so when your withdrawal is finally canceled you sell at the same place at a much lower price and lose big time.
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