I already imagine how those people who sold bitcoin at 1900$, with the scare of the August the 1st, how they must be regret now How about those who bought at $1900? They (we) must be pretty happy now. I'm full of regret that I didn't scoop up more! Either way I don't think we're done yet and will revisit the sub 2000s again soon, although I don't expect that discount to last for long. Sub 1800s seem out of reach as well.
|
|
|
Hello
what will happened with cripto currency if it was world crisis? wha do yu think?
As much as I would love to believe that people would flock to crypto currencies like to gold during an economic crisis, I'm afraid we still haven't reached that point yet. To be more precise, I currently would expect Bitcoin in the context of a global economy crisis to behave pretty much like alt coins in the context of a Bitcoin dump. But who knows, maybe in a few years Bitcoin (or its successor) will have the trust level of gold. At least to me that trust level is already reached...
|
|
|
I hate to break it to you guys, but I think we may be nerds.
In all seriousness though, I guess it's merely a reflection of how few women are in tech, amplified by cryptocurrencies being on the fringe of the fringe. The question of why so few women are in tech to begin with would probably be worth a debate on its own.
|
|
|
That was too jumpy a recovery, I think we'll be seeing lower prices again before the 31st. Maybe not a full on 1850 retest, but I don't think the summer sale is over yet. On the other hand my magic 8 ball may be broken, which would mean that now is a good a time as ever to enter the market. Just know the risk and keep your calm should shit hit the fan after all.
|
|
|
Alright, alright, I see your point Trading volume by itself does indeed say very little about how much money went into the market. I just find it problematic to argue against money entering the alt coin market solely based on the fact that the most commonly used metrics are imperfect. Especially since you could argue pretty much the same about money entering Bitcoin. But then again I guess that wasn't what you were trying to say in the first place My point was in fact rather simple The money which entered the altcoin bubble could not possibly fuel the Bitcoin bubble as well simply because the Bitcoin market is by far greater and vaster than any altcoin market taken separately or even all altcoin markets taken together (if we throw away that bullshit metric called "market cap"). I'd rather say it is the money that went into Bitcoin first that made altocoins grow too since some of this money got poured into them as well (minor part of it, obviously). The fact that major altcoins grew a lot more than Bitcoin (in relative terms) proves how tiny their respective markets are in comparison with that of Bitcoin. In other words, it doesn't take a lot to see them hurt And here is where I disagree with you, because while we don't know exactly how much money went into alt coins, we still know that a lot of trade is taking place. Anecdotally people are using Bitcoin as a gateway to the alt coin market as that's often the easiest way to get money on exchanges. This too, drives the Bitcoin price, albeit admittedly to an unknown extent.
|
|
|
Well I saw the recent additions to chip mixer and how they fused with gambling. I like the thought of the idea but I am not sure how it worked out. I feel like you guys are sending a message to your customers like “Hey anonymize your bitcoin and then gamble it away” It kind of doesn’t fit with your guy’s entire business idea. But hey, credit where credit is due, and I can see that even though you guys are pretty young, I can see how you guys are not just doing to be doing basic mixing but you guys are offering more functions to your mixing.
The gambling part is optional. And it's just an extra way of anonymizing your Bitcoins. Imagine if you want to mix BTC 0.5, gambled on the website and withdrew BTC 1.0; You sent an amount and received another totally different. That makes your mixing activities a lot more anonymous. That's actually pretty clever. I concur that the gambling option may send a mixed message, but as long as it's not detrimental to the core functionality it's a nice add on. Especially if it improves on it.
|
|
|
nur dass die Zeitspanne bei BTC deutlich kürzer ist und der Kurs höher liegt Kurs ja, market cap nein (... noch nicht )
|
|
|
I think we are in the early days and Bitcoin is just an opening shot for the evolution. We'll have second generation of cryptos that are much more simpler, more anonymous and more scalable.
That would be incredibly nice, but I'm afraid that simplicity / anonymity / scalability will be at odds with each other for a pretty long time, especially when combined with decentralization / trustlessness / security. It already took a paradigm shift to bring the latter 3 together, not sure what it will take for the next step to occur. Have a look at this. That's... surprisingly concise. Thanks for the link! It raises some questions (or rather I still need to wrap my head around cut-through blocks) but seeing how there's a concrete implementation in the works you just gave me a new rabbit hole to dive into. I think bitcoin was born beautiful and difficult to use for over 80% of the people. To average person the biggest complication comes when they want to transfer a fraction of bitcoin. People are used with un divisible units of fiat, the smallest 1/100(cent) Now inagine you ask them to send you 0.000974123 Btc. I am saying this because I tried to convince someone to use btc. He couldn’t get it, let alone volatility Could we have a wallet were it shows and send/receive satoshies. it will be good for the eye too.
Umm... you can actually do that already. Bitcoin Core: Settings > Options > Display > Unit to show amounts in: BTC / mBTC / μBTC I'm pretty sure most other modern software and hardware wallets have similar settings available.
|
|
|
Of course, there is a little bit of risked involved in buying now... But I think it will be okay. And if you really want to gain a lot, you can't run with the herd. You have to buy when people are shitting their pants. Which is right now...
Amen to that. I'm still not sure whether I'm extremely confident or extremely stupid, but I'm pretty sure that things will turn out better than expected - even with a hardfork looming in the near future. Yet I still wouldn't touch the markets on July 31st, mostly because I don't trust exchanges to handle potential upcoming clusterfucks properly. Regardless of that I would expect the best prices to be from today until maybe the 28th of July. I don't expect the price to go much lower than 1800 / 1700 however. If you absolutely want to enter the market try to ease yourself in.
|
|
|
Trading volumes are even less relevant to the matter discussed
They basically show how many times a certain number of coins changed hands at trading but this itself tells us nothing about the absolute amount of money that a coin received within a certain period of time. If you sold and bought 1 coin worth 1 dollar 1 million times, you would get 1 million dollar trading volume (actually, 2 million dollars), while in reality you have been trading just 1 dollar, and the same 1 dollar at that. To really see the amount of cash invested, we should know the number of coins being traded (i.e. not the volume of trades) and the change in price. For example, if there is 1M litecoins actively traded (the number is entirely random), and we want to raise the price from 20 dollars to 30 dollars per coin, then it would require us, say, 10M dollars to make this rise possible. This is a very rough estimate, of course (it would require more than that), but it shows the logic behind the correct reasoning
Assuming that BTC trading volume is calculated the same as alt coin trading volume, you can still extract useful information if you look at the trading volumes in relation to each other (assuming the volumes are not artificially inflated due to missing trading fees like in China before the PBOC intervened). ETH is trading at about the same USD volume as BTC. XRP, LTC and ETC are behind with quite some distance, but still at about 1/5th of BTC's USD volume each. That's a lot of coins changing hands, even under the assumption that alts are more heavily affected by daytraders than BTC. It's not a perfect metric, but I don't think any metric is And what does it change? In respect to the question raised? Yes, you likely can compare real trading volumes, but these figures still won't tell you anything about how much cash every coin got injected, say, during the last half a year. If someone bought 1 million bitcoins today (just an arbitrary number) with 2 billion dollars and then packed these coins in his wallet for a few years, this won't seriously affect trading volume figures. Tomorrow they will be the same as they were yesterday. This may be a useful metric but it is utterly useless regarding estimation of how much fiat got invested in a certain coin (this is what the question is about) Alright, alright, I see your point Trading volume by itself does indeed say very little about how much money went into the market. I just find it problematic to argue against money entering the alt coin market solely based on the fact that the most commonly used metrics are imperfect. Especially since you could argue pretty much the same about money entering Bitcoin. But then again I guess that wasn't what you were trying to say in the first place.
|
|
|
Hi,
I really miss a secondary password from Core. Right now you can start up the app and it just shows all your addresses and balances. You can't spend any (assuming your encrypted your wallet), but you can still see.
This is pretty bad IMHO. It opens up an avenue for "3rd party" to extort you knowing how much you have by simply firing up the exe (I know you can encrypt the drive, etc. but this should be in the client).
It would be great to add an optional secondary password.
Assuming you didn't get the idea from hardware wallets in the first place, you should look into Trezor and / or Ledger. Trezor already covers this use case, Ledger AFAIK as well (I have no firsthand experience with the latter, but at least according to their documentation they do).
|
|
|
I think we are in the early days and Bitcoin is just an opening shot for the evolution. We'll have second generation of cryptos that are much more simpler, more anonymous and more scalable.
That would be incredibly nice, but I'm afraid that simplicity / anonymity / scalability will be at odds with each other for a pretty long time, especially when combined with decentralization / trustlessness / security. It already took a paradigm shift to bring the latter 3 together, not sure what it will take for the next step to occur.
|
|
|
Bitcoin resistance around 1814-1840 reached = STRONG support
If segwit2x activated and fully operational this weekend = back to 3,000 $ +++++
If not = hard fork = bitcoin will be traded around 900 $
What do you think ?
A hardfork may result in a short term blood path, but I'm pretty positive that one of the resulting Bitcoin networks will soon enough dominate the other, resulting in a recovering market. Just don't get caught on the wrong side of blockchain-history. I also wouldn't be surprised by a silk-road-shutdown-like scenario: Short term panic, quickly followed by an upward bump because everyone already expected the worst but it actually didn't happen. (or as the saying goes: what if there's a crash but nobody sells?)
|
|
|
I cannot support this view
And I guess I know what made you come to this erroneous conclusion (i.e. that "Bitcoin rise was fueled by the alt bubble"). I think you looked at the total market cap figures of altcoins and got tricked into thinking that there was something real behind this rise, i.e. real money. As to me, this was nowhere near the case. These market cap figures were bullshit, since the amount of fiat that it took to pump this seeming bubble was miserable (in Bitcoin terms). In other words, it is Bitcoin that got pumped with the bulk of money which made it rise, and only some dust ended up in altcoins. But since altcoins are dwarfs beside Bitcoin even this dust was sufficient to inflate the altocoin bubble and make it look enormous and intimidating
While I agree with you that the market cap figures are a bad metric, I still wouldn't dismiss the impact of alt coin speculation on the Bitcoin price. The volume of ETH, XRP, LTC and ETC show that there's indeed quite a lot of trading going on. Sure, a lot of the volume is driven by pumps and herd mentality, but it's still nothing to scoff at, especially for such a young market Trading volumes are even less relevant to the matter discussed They basically show how many times a certain number of coins changed hands at trading but this itself tells us nothing about the absolute amount of money that a coin received within a certain period of time. If you sold and bought 1 coin worth 1 dollar 1 million times, you would get 1 million dollar trading volume (actually, 2 million dollars), while in reality you have been trading just 1 dollar, and the same 1 dollar at that. To really see the amount of cash invested, we should know the number of coins being traded (i.e. not the volume of trades) and the change in price. For example, if there is 1M litecoins actively traded (the number is entirely random), and we want to raise the price from 20 dollars to 30 dollars per coin, then it would require us, say, 10M dollars to make this rise possible. This is a very rough estimate, of course (it would require more than that), but it shows the logic behind the correct reasoning Assuming that BTC trading volume is calculated the same as alt coin trading volume, you can still extract useful information if you look at the trading volumes in relation to each other (assuming the volumes are not artificially inflated due to missing trading fees like in China before the PBOC intervened). ETH is trading at about the same USD volume as BTC. XRP, LTC and ETC are behind with quite some distance, but still at about 1/5th of BTC's USD volume each. That's a lot of coins changing hands, even under the assumption that alts are more heavily affected by daytraders than BTC. It's not a perfect metric, but I don't think any metric is.
|
|
|
the bitcoin rise was fuelled by the alt bubble past a certain point. the alt bubble was the biggest and the emptiest yet. none of them got within a million miles of earning their valuations I cannot support this view And I guess I know what made you come to this erroneous conclusion (i.e. that "Bitcoin rise was fueled by the alt bubble"). I think you looked at the total market cap figures of altcoins and got tricked into thinking that there was something real behind this rise, i.e. real money. As to me, this was nowhere near the case. These market cap figures were bullshit, since the amount of fiat that it took to pump this seeming bubble was miserable (in Bitcoin terms). In other words, it is Bitcoin that got pumped with the bulk of money which made it rise, and only some dust ended up in altcoins. But since altcoins are dwarfs beside Bitcoin even this dust was sufficient to inflate the altocoin bubble and make it look enormous and intimidating While I agree with you that the market cap figures are a bad metric, I still wouldn't dismiss the impact of alt coin speculation on the Bitcoin price. The volume of ETH, XRP, LTC and ETC show that there's indeed quite a lot of trading going on. Sure, a lot of the volume is driven by pumps and herd mentality, but it's still nothing to scoff at, especially for such a young market.
|
|
|
1) Your function call poloniex("buy","USDT_ZEC",100,0.01) includes 4 arguments, your function poloniex(command,parameter,subparam) only accepts 3.
2) Your function poloniex doesn't actually do anything with the arguments you receive. You're only sending the command parameter (and the nonce), no currency pair, rate or total. You need to add those to the payload object.
I tried to add those to the payload, but it even cannot run. Can you help me to get this run? I will be very happy to send you money just to say thank. (If you offer a service to do that, pls give me the price ). Try the following (code changes in green): // work in progress // you need a poloniex API key and secret with trading option enabled // you can test it with: // = poloniex ("returnBalances","BTC") // or // = poloniex ("returnBalances") function poloniex(command,options) { // I assume that all the keys are in the "keys" spreadsheet. The key is in cell A1 and the secret in cell A2 var sheet = SpreadsheetApp.getActiveSpreadsheet().getSheetByName("keys"); var key = sheet.getRange("A1").getValue(); var secret = sheet.getRange("A2").getValue(); var nonce = 1495932972127042 + new Date().getTime(); var payload = options || {}; payload.nonce = nonce; payload.command = command; var payloadEncoded = Object.keys(payload).map(function(param) { return encodeURIComponent(param) + '=' + encodeURIComponent(payload[param]); }).join('&'); var uri = " https://poloniex.com/tradingApi"; var signature = Utilities.computeHmacSignature(Utilities.MacAlgorithm.HMAC_SHA_512, payloadEncoded, secret); var stringSignature = ""; for (i = 0; i < signature.length; i++) { var byte = signature; if (byte < 0) byte += 256; var byteStr = byte.toString(16); if (byteStr.length == 1) byteStr = '0'+byteStr; stringSignature += byteStr; } var headers = { "key": key, "sign": stringSignature } var params = { "method": "post", "headers": headers, "payload": payloadEncoded } var response = UrlFetchApp.fetch(uri, params); var dataAll = JSON.parse(response.getContentText()); //Edited return JSON.stringify(dataAll) } //end edited} Note that you now have to call buy, sell, differently. eg. you should now be able to call buy like this: poloniex("buy", { currencyPair: "USDT_ZEC", amount: 100, rate: 0.01 }); The parameter names within the object {} correspond directly to the expected poloniex API POST parameters. I haven't actually run it, but send me a PM if it works and you feel like tipping me.
|
|
|
Username: HeRetiK Post Count: 525 BTC Address: 14wcruSDsiwSyHSRoC4cAb4UqTAJdGSJ5V
|
|
|
Exactly, Bitcoin need fix issue in Blockchain about time confirm transaction if want become to digital cash for purcharse everywhere. Not only still confirm slow, use Bitcoin for purcharse at now with small amount very difficult, sometime the fees can high than the price to buy one thing.
The fee market is problematic, but the 10 minute block time is a non-issue. If the buyer paid a sufficient miner fee, in 99% of the cases it will be sufficient to just wait for the transaction to show up on the network, no need to wait for the first confirmation. For larger amounts it would still be recommendable to wait at least for the first confirmation, but for everyday grocery shopping etc. this would not be necessary.
|
|
|
Ist dann beim Mining bereits der Gegenwert vom Bitcoin steuerpflichtig oder erst, wenn man ihn verkauft? Gleiche Frage auch für Signaturkampagnen.
Meines Wissens ist jeweils der Gegenwert zum Zeitpunkt der Zahlung steuerpflichtig, ähnlich wie wenn du in USD oder JPY bezahlt werden würdest. Setzt natürlich voraus dass du genug eingenommen hast um steuerpflichtig zu werden. Kann ich jetzt allerdings nur aus Österreich-Perspektive sagen, in Deutschland wirds aber wahrscheinlich nicht viel anders sein.
|
|
|
I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country? At one point of view bitcoin is an instrument for investment so ppl buy it willing to get income in their currency. At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.
Luckily no. In Austria and Germany there's the following approach on Bitcoin's currency / commodity dichotomy: You only have to pay income taxes on Bitcoin if you get paid with it (ie. Bitcoin being used as a currency to pay for your goods and services), make profit as a day trader or sell it as a product (ie. you're a company / broker offering Bitcoins). If used as a commodity / store of value, there's a minimum holding time of one year after which you can sell Bitcoin without any taxations on the profits (akin to gold).
|
|
|
|