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The strategy that is the most basic and yet works the best is probably just buying the dips, and hold.
I agree with you, why would anyone be stupid enough to short bitcoin? Even in a bear market, pumps like this happen all the time and if you're shorting then honestly you're just asking for your position to be liquidated. Seriously, just buy and hold. Shorting is way too much risk for not a whole lot of return.
We seem to be settling in at around $7600-7700 after the price eclipsed $8000.
I can't believe how many people were shorting bitcoin just on that subreddit alone, and hell, all of their positions are being liquidated now which is one of the factors in BTC rising so high.
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What the hell just happened just now when BTC prices went up $1000?
$30b just came into the market suddenly.
Can anyone give me a reasonable explanation for these CANDLES!!!!
It seems to me to just be a pump. I don't think that there were any articles in the news that would have justified this pump, so it could just be traders seeing that $6500 support is strong, and buying in, which caused a huge short squeeze. I was surprised when I saw the price as well this morning. I agree with kolesozw. a $800 jump in price for now is just something short term. Whether this will actually translate to some sort of long lasting trend is a different question, and to be honest, I think we may correct down even further after this pump is over. Though I do expect this bullishness to last at least a week for now. |
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The idea is interesting. I like the fact hat it does not deal with fiat at all during this process of depositing and investing the funds, and it is supposed to end up as an alternative to traditional banking/Swiss offshore accounts. But, it's not without flaws.
However, the main problems are that it's not perfectly trustless, it would most likely be unlicensed and is prone to getting restricted by governments, and it'll be hard to convince anyone to invest in these funds when it's not a regulated/licensed investment business and you don't even know where exactly the service is located. You have to trust them with your BTC investment after all, and also trust that they will actually keep 50% in reserve as well as paying it out.
I'd much rather just invest myself into ICOs or other crypto investments if that's how the cryptobank is profiting. I don't have any counterparty risk in that case.
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As a matter of fact, you cannot live without using fiat currency because all countries are using it, and even if you have bitcoin, you eventually will transfer it into fiat money. I am not saying it because I support it, but we have to be realistic and honest with this reality.
You cannot live without fiat money, and there is no fiat money without bitcoin. You just need to have some coins in order to have fiat money.
What are you saying? Bitcoin can exist without fiat currency. Only reason why people are trading fiat with bitcoin is because bitcoin is not yet completely mainstream. The discussion here is about the depreciative nature of fiat, and how they always end up being valueless. I completely agree with that, as you simply can't find any successful fiat currencies at holding value for the long term. Bitcoin/gold/silver/other decentralised currencies can not only exist without fiat, it can also hold its value in the long term. |
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Anyone knows how much exchanges ask for new coin to be listed ?
I would like to see some list or link please,
if anyone made it so far.
Binance ?
Bitfinex ?
Poloniex ?
Kucoin ?
Others ?
Thanks
It's honestly not about the costs, especially for Bitfinex, and Poloniex. They are going to only list your coin if they deem it to have some sort of merit, and actually has a lot of volume on other exchanges. For Kucoin, the cost of getting a coin seems to be is $50k-1 million which is a lot. Binance has a voting system. Not sure if you can privately settle without a voting system, and no idea how much they charge either. C-cex again has a voting system, but apart from free votes you also can pay to vote. And based on this( https://c-cex.com/?id=vote) you would be looking at around 3-5 BTC to list your coin if you were to pay. Basically either you have a lot of support for your project and you can win coin list voting, or be prepared to pay anything up to 50 BTC or even more to get your coins listed. HitBTC has some sort of shady 1 month listing, I recall it being a few BTC to get listed and you only get a month of trading before you get delisted: https://bitcointalk.org/index.php?topic=2378223.0. The image is down, somehow. You could ask OP of that thread to give you accurate figures. |
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Well accusing is a different thing, but to me atleast this whole thing smells miles away. They also took the rule of 100 characters per post away, so you could basically wear the signature, and write a bot which spams the whole forum with nonsense bullshit.
Yeah, it does. I would personally never use their site/service just solely because they have demonstrated their incompetency in managing a simple marketing project. @Nexybit, it's not about the rates. If people are fine with accepting those rates, then so be it. But you're accepting spammers and some people who are merit abusers. Of course that's not every single person, but the first person that I saw on your payroll was https://bitcointalk.org/index.php?action=merit;u=1385913, and he's clearly a merit abuser receiving 30 merits from the same person. Tighten the rules at least, for gods sake. But at least you have come out and given your side of the story instead of dodging the questions. I appreciate that. Sellingaccs have valid points that you should definitely think about reforming. |
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This is 100% bullishit.
Their business model is literally to provide a service to people who don't want to conduct the KYC on big exchanges. Otherwise, people would just use the exchanges themselves instead of changelly. They're even asking for proof of the funds being legitimately obtained or something based on the reddit topics? That's crazy.
You don't see shapeshift asking for ID, at least I'm not aware of.
IMO that just takes away the only reason you would use Changelly. Not the first time they've done something shady(previously they held up deposits for ages before actually releasing the altcoins). It seems to be just a way to get free money for them.
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I like the idea of a score given to each coin based on all those factors.
However, what's the actual formula that goes into calculating the safety score? Is it just an average of the 6 indicators that you guys use, or is it something else? Also just wondering why is the "volume ratio" always so low? Is it a measure of pure market volume, or is it perhaps market volume divided by market capitalization?
I would like to see average spread across exchanges be put into the safety score as well.
The roadmap looks promising. This project has a lot of potential imo.
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Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?
This is pretty much happening all over the globe already at this stage. However, it does have some negative implications, especially when the cashless society is mainly integrated with the traditional banking system. All of your transactions are viewable to a third party, and they can track exactly what you spend on. Without cash, your account can be frozen, payments denied to a merchant because the central bank does not support its purposes, etc. It essentially takes away the fungibility and anonymity of cash, which are two basic functions of currency. Bitcoin can definitely help avoid all of this, but mass adoption still seem relatively far away. I stay optimistic though. |
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As a newbie i am so hype knowing that Bitcoin will go up again, like last year? Who knows? maybe next moth  As soon as this bear market comes to a conclusion, then the markets will recover. It's a matter of time before people start hyping about bitcoin again and FOMO buying is rampant across the entire market. But that time isn't know. Nobody seems to be interested in bitcoin at the moment, because of the big dump. I don't think that the market has consolidated yet enough to be "out of this bear market". So, bitcoin actually climbing up next month on a major scale is most likely not yet happening. But there could be a temporary trend going upwards that lasts a week or two, it's quite normal to have that even in a falling market, though it's pretty much unpredictable when adjustments like that happen. |
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Bitcoin will never have something that we can consider being the true value, just like Gold or any other asset in the world doesn't have anything like that. I personally base my 'actual' Bitcoin price on the bottoms that we mark in the charts, because these bottoms throughout the years have proven to be solid support levels, and that likely applies to the $6000 level in current times as well.
I personally don't even bother thinking about what the actual value of Bitcoin per its unit is, because it doesn't even make sense. It's personal for everyone what he considers Bitcoin to be worth, which depends on the needs of the buying party as well. Short term speaking, you might not consider current levels to be that much of an interesting entry point, but what if you need to quickly to put wealth into Bitcoin because banks are making life difficult for you? You'll gladly pay that specific price, which at that point means that need overrules the aspect of whatever Bitcoin's true value may be. If you take into consideration that everyone has its own needs and motives to buy Bitcoin, the 'true' price doesn't even matter.
Exactly. The thing is, bitcoin's prices can be way over the cost of mining one and still be sustainable. Also the cost of mining a single bitcoin varies from the country you are located, electricity cost, how much your miners cost and how much hashrate they are able to produce compared to electricity output, etc. So I don't know how you're going to accurately measure that 'true value'. If there is enough demand for bitcoin, then prices will go up regardless of how much cost it is to mine a single bitcoin at the time. It'll be very rare to have bitcoin ever sit at its true value, so what's the point of trying to base it off how much it costs to mine? You don't ever hear people talk about gold's true value in terms of how much it costs to extract, because you know that miners need to make a profit, and they can only mine so much at a time. |
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https://cointelegraph.com/news/2018-mature-crypto-market-will-draw-more-investment-see-less-volatility-analyst-saysObviously as an investor you understand there are risks but out of all the exchanges out there, i can think of 2-3 that I would personally trust with my money and in my case we are only talking about thousands, imagine a big player with millions using etherdelta or some other retarded exchange, no way that will ever happen. Even big exchanges like bittrex, not long ago, they fucked up and made everyone wait months and months to get your account enabled or verified. Why would any big player invest in crypto when the risk is so huge, there is literally zero safety, any exchange can run away with your money and you can barely do anything. Yes, regulation means that there is more room for control for the government, and more interest from big investors. But it's not needed. Even if there aren't institutional investors from traditional investment banks or whatnot investing in crypto, there is no problem. Whatever they want to do is out of our reach. They could invest in the current crypto market, even without sufficient regulation. But the thing is, neither big investors nor regulation from the government is needed for bitcoin or other crypto to succeed. Big investors are most likely not going to invest directly into cryptocurrencies anyways. Instead, they may invest in crypto Fintech startups as angel investors, etc. |
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There is a similar drop off in search interest for bitcoin. It means nothing about bitcoin's long term.
Look, the search interest of bitcoin related terms will only reflect bitcoin's price movements. It's as simple as that. The more bitcoin price goes up, the more people will search for bitcoin related terms on google. It doesn't actually predict whether people will start selling bitcoin or whatever.
Holding bitcoin imo is the safest strategy for profiting in bitcoin in the long term. It's not the most profitable. It's ultimately up to you to decide what you want to do with your investment, don't let the amount of people searching for a term influence you that much.
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What are the factor to consider that would affect the price changes or price elasticity of the Bitcoin? This is what I have read: 1. Bitcoin supply and increasing/decreasing demand 2. Bitcoin in news: Influence of media on garnering negative and positive publicity 3.Bitcoin users and developers influence the rise and fall of price. 4.New technological changes to Bitcoin For discussion for the above mentioned. You can check this link: https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894How about you? can you add more factor that can affect the price of the bitcoin? Comment below. You have missed out a huge one. Government regulations is currently one of the factors that is affecting the price of bitcoin the most. Even though I don't think it's entirely rational, it's happening. When new regulations and bans come out, the price of BTC usually jumps to a lower point. Also, just the natural cycles of boom/bust in bitcoin price is going to affect bitcoin prices greatly. For example, from historic values, BTC usually performs the best in the year following halvings, like 2013 and 2017. After those years, there will be huge corrections just like 2014 or this year. |
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I've been waiting on a "Pending Approval" withdraw for 13 days now.
I've had a support ticket open for 13 days without a single reply.
Super frustrating. You would think with Circle buying Poloniex out, that Poloniex would start to suck a little less.
Fucking trash. Canceling my whole account once I receive my coins.
Completely agreed. Especially if you don't have 2fa enabled, you are especially prone at this pending approval BS. I had the same issue last year with a bitcoin withdrawal. Took them around 3 weeks to 1 month to actually get their stuff together, and finally make the withdrawal go through. This is unacceptable. I do hope that the circle buyout helps them somewhat but looking at this point, it's not helping their reputation get any better if old problems persist. They used to be one of the top exchanges, but now they are just trash. I don't know how else you could describe them, honestly. |
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Bitcoin price is around $7,000 right now. People are asking me if this is a good time to invest. A couple of days ago the price was around $6,500. That will be a better price to buy Bitcoins: Bitcoin Price. Nevertheless $7,500 is in my opinium still a low price to invest. Over the long term I'd say that anything below $8000 should turn out to be a good buy. However, I don't think that the current dips are over yet. So if you expect to profit straightaway, don't enter the market now as the bear market is probably not yet over at the moment. There is a chance that bitcoin will only hit rock bottom once the price reaches as low as $4k or so. If you're looking to accumulate right now, then you're already making a really smart decision compared to most others, as you're not panic selling or buying into the hype. I would recommend buying some at or below the $7k level as it is decently cheap, but hold onto some investment funds for future dips, so that you don't buy at one price point and get yourself locked into a potentially disadvantageous position. |
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I follow a bitcoin price prediction forum that says that within the next week the bitcoin price will fall on the $ 6k price range
this is based on the graph of bitcoin price fluctuations
What is your opinion
BTC's uptrend was limited as it tried to break the $7k resistance definitively. It could due to the RBI's new regulations, but depends on how the markets hold up at the $6.5k support level. Currently we're seeing a small rebound of about 1% gain from yesterday, which is nice to see. If this current increase in price does not continue and the price stagnates, there is definitely a potential of the price going down further during the week. I don't think that we're out of this bear market yet, which means that most likely we're going to see lower levels sooner or later. $6k will happen at some point in my opinion, as markets try to adjust and consolidate at lower prices during the year. Just not sure if that's going to happen this week. |
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Hi I'm sort of new to the whole Bitcoin world and I was just wondering if I could get opinions on these two platforms: Coinbase and Paxful? After asking a bunch of my friends, these are the two I'd hear the most. So I figured I'd search the web for the pros and cons of both? Any suggestions?
Coinbase and paxful are completely different things. Coinbase is an exchange that will facilitate your transactions with the spread in their favor, and paxful is just a platform that facilitates transactions between people who use paxful as a escrow. I would recommend coinbase for a quick purchase of coins if you are able to follow through with their KYC procedure. If you have payment methods such as AGCs then you might want to look at paxful, but generally the rates you get are terrible and their withdrawal fee is quite high as well. |
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Will South Korean exchanges close or will try to circumvent the law by moving offshore to stay trading and open?
I think China closed its crypto exchanges so where did all their customers go?
I'm not sure about South Korean exchanges, but Chinese exchanges after the ban have definitely moved overseas. Huobi moved to Singapore as their headquarters if I'm not mistaken, and okcoin to Hong Kong when both of them were initially operating within China. Some traders have moved to p2p platforms like Localbitcoins to make their trades, as demonstrated by the charts at https://coin.dance/volume/localbitcoins/CNY that show the huge increase of volume on LBC in the Chinese market sector since the exchange ban. For crypto trades there are essentially a ton of exchanges available. I've seen Chinese people use exchanges such as Binance, Kucoin, even Bitmex. These international exchanges have be used anywhere. Not sure about the popularity of Huobi but they are definitely still used by some Chinese traders. Great information, thanks. So it seems some Chinese exchanges have moved their websites out of the country but are still owned by Chinese companies - I thought that was still a problem. Maybe they still have logistical operations based from China but are otherwise inplaces such as Singapore and elsewhere. Localbitcoins does seem to have risen in popularity. It is wonderful how people move forward and continue to find ways buying and selling crypto when various regulations and bans are enforced. It is indeed. This is the beauty of bitcoin as well. If governments decide to ban exchanges which is essentially the most they can do effectively, trading will still happen privately, either on a p2p trading platform such as localbitcoins and paxful, or even through trading groups or even in real life. If more regulations roll in then I think current exchanges will lose a lot of popularity due to over the top KYC and AML measures, as well as batrading ns imposed by regulators. This is why I think decentralised exchanges will become more popular in the near future, if they can be effectively implemented. |
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My queastion is when wallet status is Maintenance (deposit and withdraw), how long it takes?
Thanks
P.S. It's been over two weeks
Indefinitely until they actually make it active again. If you have any money in the wallets that are in maintenance then you are in a pretty sticky situation. There is really no way of getting your money out until they decide that it's time to fix their wallet. IIRC you cannot exchange any of the coins that are in maintenance either (i could be wrong since I haven't used yobit in a year). Wallet in maintenance is one of the most complained about yobit problems. Even if you write a support ticket to the support, they will not give you an answer and will just ignore you. Just avoid the yobit exchange. They offer no advantages and do not respect their customers, period. The problem is, currently there are no good exchanges that list shitcoins. Cryptopia is awful. NovaExchange was good enough but they don't operate currently, probably will re-open next month. Cryptobridge and Coinexchange just don't have any volume. Have you not noticed that literally all exchanges that do trade shitcoins one way or another have problems in their deposits/withdrawals/trading or just their exchange platform in general? Just don't trade these intrinsically worthless coins in the first place. Exchanges who rely on profiting from coins that nobody else wants to list tells a lot about how their business and profit model runs. With so many coins being listed, and as long as you pay you can get yours listed too (in the case of yobit), there is absolutely no wonder why they can't attend to support efficiently. They are already making bank from people paying them money to get their coins on their exchange. Cryptopia and Yobit are both exchanges to be avoided. But to be fair, nova was actually a great exchange. But yeah, they are still restructuring. |
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