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No is the straightforward answer. Twtter is too brief for anything but shills saying "but" or "sell". You can't get a good idea of what a coin is about, or about the fundamentals driving bitcoin. Or even TA (which needs decent charts and some commentary).
Twitter is completely useless as a souce of quality info, and you would be best avoiding it. The best source of info is a) threads on this forum b) subreddits like bitcoinmarkets, and also the individual coin subreddits c) podcasts like Letstalkbitcoin d) some of the cryptocurrency news sites which break news about anything crypto-related.
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I would much rather trust an EU exchange than an American one, Kraken has good track record. EU is crypto friendly to say the least.
Kraken is not an EU exchange, it's an American exchange based in San Francisco that caters to Europeans and Canadians as well as Americans. Amazingly they have the biggest market share for bitcoin/euro trading even though they are American. |
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Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.
0.08% is barely any movement at all. Are you seriously fussing about a movement of $0.000016? Even a 1 satoshi movement would be at least 2.2% |
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Stick with Coinbase and Kraken. Coinbase is insured for it's hot wallets. And as far as I know Kraken has never been hacked because they spent loads of their venture capital money on security.
Most of the other exchanges have been hacked, including Binance earlier this year when they lost 7000 bitcoins.
If you do use the other exchanges, the rule is go in and out quick - do your trade, and then withdraw your coins or fiat. Don't use exchanges like wallets.
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Oh, before now I came across a post that says there have been a lot of people buying bitcoin in Argentina, and I thought that was not true, and now here's this post to verify that he was saying the truth. Well, that's good to see that a lot of people are now buying bitcoin and especially people in Venezuela; I hope that bitcoin is going to help a lot of them escape the poverty they are facing in that country. It is true that the demand for Bitcoin in many of these countries are showing a small uptick. But if you compare the volumes from these countries to the global volumes, then you will find that these are still minuscule numbers. Venezuelans and Argentines are using the US Dollar and gold as the store of value. Bitcoin is much lower in priority. The numbers are minuscule because the Argentinian peso has already devalued. Basically you could get a lot more bitcoin if you moved to purchase it BEFORE the crisis hit than after. Same goes for Venezuela - if you try to buy after the crisis you struggle - 1 Venezuelan peso only equals 180 satoshi, so you would need to do a lot of work just to get a few satoshi. This is always the trouble - people move to buy bitcoin too late, after a crisis has hit, instead of pre-planning and acting before. |
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Firstly, Malaysia is not the first country to make this statement and the last time i checked most of the country later don't proceed with the process but if the government actually push this through it will definitely boost the use of crypto currency there.
Will it boost cryptocurrency use? Or the use of Visa and Mastercard (with nice fat fees for both of them)? |
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It's been 5 months since Poloniex stole millions from its customers. That was a big step on the way of its downfall, and the Poloniex team has just moved even further to the end of the cliff. Poloniex was famously headquartered in Boston, Massachusetts, which is a good place to do business, with serious regulations, it has moved to the Seychelles islands. Of all offshore centers, the Seychelles are probably the worst. Sure, it's one of the easiest. Anyone can create a company or open a bank account there, and make big deposits with no question asked, but it's impossible to get the money back afterwards. If you're a freelance programmer working in Europe, nobody will give you any kind of work if you want payments made to a bank in the Seychelles. Also, if you have money in the Seychelles and you want to buy property in Europe, it won't work either. Money coming from the Seychelles is seen as money coming from drug dealers or the like. The Seychelles are known worldwide as a money laundering place. If you want to stay clean, there's only one thing to do: avoid doing any business or investment there. So, avoid Poloniex... Not wanting to be all negative, the Seychelles is probably a good place for a vacation. Poloniex has been dumped by Circle (presumably to protect Circle's US business): https://www.coindesk.com/circle-to-spin-out-poloniex-exchange-less-than-2-years-after-400-million-takeoverCrypto exchange Poloniex is spinning out from its parent firm Circle, the companies announced Friday.
According to a pair of blog posts, Poloniex will now become Polo Digital Assets, Ltd., an “independent international company” backed by an unnamed Asian investment firm. The trading platform will not serve U.S. customers after this year.
U.S. residents have until Dec. 15, 2019 to withdraw their assets, with all trades being suspended on Nov. 1, 2019, the blog post said. If you have coins there, move them. |
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...only 6.2% of a highly developed country like the US of America own Bitcoin, which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world.
I thought people were relying on the unstable parts of the world for mass adoption. There isn't any need for Americans to adopt bitcoin - they still trust the dollar (which has been gaining value against other fiat currencies since 2014), they have a solid economy and low unemployment. And their banking system is sound (it got fixed properly after the 2008 crash). Adoption is more likely to happen in Europe due to problems with their banking system and the potential break-up of the euro. (If the euro looks like breaking up, watch for money to flow into dollars, yen, pounds, swiss franc and yes, bitcoin). |
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All your points are valid and I'm happy to see that there are users who understand the fundamentals of cryptocurrency instead of parroting the narratives created by altcoins' marketing teams.
I think that there are 2 kinds of altcoins that currently have some uses and as the result hold some value. The first type is privacy coins - Bitcoin's privacy is pretty bad, and the most common solution to it - mixers, requires some trust. If Bitcoin will solve privacy, privacycoins will become obsolete.
The second kind is coins with relatively good security and adoption. They can be used as a plan B when Bitcoin's fees temporarily skyrocket. They can be used for small transactions or for moving value between services to save on fees. But again, when Bitcoin will solve scalability, these coins will become useless too.
Will bitcoin ever solve scalability? It's now nearly two years since the fee and mempool problems of 2017 and still the mempool gets full even with much reduced transactions. If bitcoin can't solve scalability, either cryptocurrency as a whole dies a death, or another scalable alt will take it's place. |
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Overall Outcome: If the future expected price of Bitcoin is higher, lower will be the use of Bitcoin for payment purpose. On the contrary, lower the future expected price, higher will be the use of Bitcoin for payment purpose.
This is why I think an alt like Doge or litecoin will get used for payment purposes. They can both scale because the blocks are found so quickly, and their value is pretty stable in dollar amounts. |
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Since I do not use Facebook’s paid services probably I will not use Libra as well. As a crypto educated person, I’d rather use other Bitcoin alternative and not Libra. Libra is only good for beginners but no doubt it could bring more adopters once the project is compliant.
Same here. Those of us who are wary of our privacy being breached never use Facebook in the first place. Whether people already on Facebook would use is it is another question. There is some evidence that young people (the kind most into cryptocurrency) are deserting facebook: https://tech.co/news/facebook-lost-young-people-forever-2018-06Older people who just use it to keep up with family are unlikely to use it to move money. |
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I don't think it is possible for XLM to hit 100$! It's far far away man, and if XLM hit 100$ then it will surpass the Ethereum rank, which is not gonna happen. Stellar is a very good altcoin, recently their coin burning plan was great, the price has increased too. But that doesn't mean it can go that high which is hasn't achieved by the Binance, or EOS coin!
In my opinion i would say yes. 1. Because anything is quite possible and attainable in cryptocurrency (did anyone forsaw the burning of huge supply of xlm to the tune of 55b. This will definitely have a long term positive impact) 2. The SDF is still hard at work to improve its technology and services Who on earth would be buying stellar for it to get that high, and why would they bother? There is nothing special about this coin. |
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I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?
It's not the fees that get you when margin trading. It's the whipsaw movements - like when bitcoin suddenly dumped by $1000 last month, and then pumped back up again a few weeks later. These movements are usually designed to shake out the margin traders and transfer profit from you to them. Most margin traders lose money as a result - don't do it. |
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Expansive and bountiful Jupiter moving into Capricorn, bitcoin's sun sign, on the 2nd of Dec 2019 to stay for a year ahead, should be good for a few new ATHs & 15th Dec 2019 looks like being a rosy day for a stroke of good fortune
According to your original chart, it's the Jupiter return in late 2020 as well, isn't it? |
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Let's hope the hedge funds continue to invest in crypto (allowing ordinary users to cash out). It's a great transfer of wealth from the extremely rich to the ordinary geek!
They seem to have slowed down their investments and enthusiasm for cryptocurrency - probably because they've made serious losses, and some of the bitcoin start-ups they've invested in haven't done that well (even Coinbase has had to raise it's fees to cover it's costs). |
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In order for an alt to replace bitcoin everyone has to coalesce and rally behind a single alt.
We're not seeing that. Instead new alts are launched every day and people jump onto the bandwagon hoping that this is "the one". But they usually fizzle out and then the mob moves to the next thing.
As a result none gains much traction because the crypto community is too fickle (and too eager for get-rich-quick schemes).
This. The problem is the cryptocurrency community that is so obsessed with trying to find the next ethereum and doesn't like the hard work required over several years to ensure an alt succeeds. |
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because with instant i can move money in 2 minutes from my bank account to the exchanger, that is really better than 24h of kraken.. if i see a good opportunity i want to get in instantly. Of course i don't want to leave money on an exchanger for more than few hours
If you want to deposit money within few minutes consider using some of the exchanges that allow you to deposit with either a credit or debit card. Or use BitPanda which allows you to deposit with either paypal or skrill. |
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Perhaps we have overlook this factors, and that's why coins like Ethereum, Litecoin, Dogecoin are still in the top despite no marketing at all because they have been here first, and even though others have said that Ethereum has a lot of competition now, they can't even come close to it because it has gain a reputation already.
Part of it is early mover advantage (though plenty of early coins have died like ixcoin and devcoin). People overlook the amount of promotion that went into them. Charles Lee was relentless in promoting Litecoin as "silver to bitcoin's gold". Ethereum spammed hundreds of people on reddit in the run up to it's launch and even persuaded a journalist at the New York times to give them a favourable write-up. Doge of course was a complete fluke - a genuinely viral coin that took off because people were enjoying the memes so much. |
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Also ability to stand the test of time coz most crypto has failed to that, constant innovation is also important, everybody want something new
many projects die because they stop to innovate, the viability of the project can continue when the innovation continues but some developers forget it which makes the project can reduce demand. It's not really lack of innovation that kills coins. It's lack of investors. You need new investors to come into a project, and for that to happen you need to be listed on lots of exchanges. If you are on just one small exchange and your existing coin holders are constantly selling, you are doomed. |
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I think the halloween theme with some skeletons or a grim reaper outfit is the outfit to wear when considering price generally, just start from that stance and let the chart try to convince you its not the doomed man set to a lower price. Thats my general idea anywhere, even after the whole China we love you crypto spiel that came out and really was just politics. I still was waiting for the negative to show and its done as much so now it has to convince its not in a negative trend. However saying that, I do think we have a positive space for the weekend and thats my guess. Just a return to roughly where it was not that long ago, no big deal. Call it buoyancy, it helps to throw off the coffin chasers but I dont expect more especially beyond a brief reversion.  Bitcoin's plunge down came after gold plunged down. And gold plunged because the markets are expecting the US and China to de-escalate the trade war and cut tariffs. Remember that both gold and bitcoin are meant to be hedges against bad times. If tariffs are being cut, then good times are ahead. |
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