these days i keep seeing people saying without stop that there will be a dump, crash and all the other synonym words in the dictionary.
all of you who are saying these things, instead of saying them just go get some cash to buy bitcoin in case your prediction happened. unless you don't even believe what you are saying is true and just spamming it in hope of a dip so that you can buy 5% lower than the current market price.
Most people already bought - and have already taken profits. Now they are sitting on the sidelines waiting and watching. There are a number of risks ahead: The ETF decision which comes at the latest on March 13th. The other ETF decision comes March 30th. Then the PBOC is due to say whether the Chinese exchanges OKCoin and Huobi have done their AMLs satisfactorily and can allow withdrawals. Withdrawls were paused on 9th Feb and were supposed to be paused for a month only - so we're due to hear whether they will be allowed on around the 9th March. Then the Federal Reserve meets on the 14th/15th March and is likely to raise interest rates. That usually strengthens the dollar. Sometimes taking profits and sitting on your hands till events pass is the right thing to do. |
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I'd say no. There are too many coins for that to happen. Doge is worth about $0.0002 and has been for some time. It might go up to $0.0005, but I don't think it will reach a single cent, let alone a dollar.
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It was obvious that the speculators would take some profits off the table, in case the ETF was rejected. I was expecting it on the 8th/9th, but it came early, LOL.
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Bitstamp tested $1298 some hours ago. Interestingly for some reason, it's higher than the Bitfinex peak at $1294 (bitfinex always has the higher price for some reason)
In any case, looks like we will test the barrier again, we'll see what happens.
if ETF will receive a negative response probably we can see again a value below 1000$, and I don't get surprised if price start to climb some days before SEC reply. I hope a bad news doesn't lead to a large dump... it means we can forget another pump for at least a couple of years. Bad news always leads to a large dump! You would think people would be sensible and take small profits on the way up, so they have enough banked not to panic when bad news comes out, but lots of speculators go all in, hold to the last moment, and then panic sell at the slightest problem because they've created too much stress for themselves. |
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I don't think Coinbase is responsible for your bank's fees...
Most banks charge a fee if they are forced to convert a foreign currency. So if you are sending dollars, and your country (and bank uses pounds), then you are going to get charged. Use a country specific exchange next time, there are plenty of UK exchanges like Coincorner.
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What kind of an idiot buys at $1500 when the price is more than $200 below that?
I think the more important question is if we could sell coins to those desperate chaps in India and how do we do it? That is the difficulty - India operates capital controls. So you can send your bitcoin there and sell it for fiat, but you won't be able to get your fiat out again. |
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There are actually three ETFs pending aproval: https://fintechlab.com.br/index.php/2017/02/07/will-the-sec-approve-a-bitcoin-etf-cryptocoinsnews/After New York venture capitalists the Winklevoss brothers filed for the first listed Bitcoin ETF with the SEC back in July 2013, two others have done so: finance and technology firm SolidX Partners in July 2016, and Grayscale Investments as recently as the third week of January 2017.
The SEC designated March 11 2017, some three years after the Winklevoss brothers first put the ETF in registration, as the date it should either approve or disapprove the proposed rule change; March 30 for SolidX. Given the delay patterns seen for the first two, the deadline for the Grayscale ETF could similarly be drawn out. The SEC has typically 45 days to approve a measure from the time an application is filed in the federal register. As we’ve seen, this can be considerably prolonged.
As previously mentioned, there are a few reasons the SEC could refrain from approving the new form of investment in its bid to protect consumers and markets:
Past volatility
The SEC could be unnerved by the by the volatility of Bitcoin as an asset. Adam White, General Manager at digital currency platform Coinbase, tracked the volatility of Bitcoin from roughly 2011 in a recent white paper in conjunction with investment firm ARK Invest. The report found daily per cent price changes of 50 per cent. “In contrast, on any given day, stocks and bonds rarely fluctuate by 50 per cent in the absence of a severe financial crisis,” said the report.
A Shady Reputation
Bitcoin prices tended to drop as negative headlines appeared, creating further uncertainty for investors. Such negativity surrounding Bitcoin included:
numerous Bitcoin gambling sites operate with anonymity and minimal to no regulation. The cryptocurrency’s decentralised status means there is little protection of player funds.
according to a Reuters report, Anthony Murgio, former operator of coin.mx, this month pleaded guilty to Bitcoin related cybercrimes. These included conspiracy to operate an unlicensed money transmitting business, wire fraud and bank fraud.
earlier this month, Italian politician Lucrezia Ricchiuti went as far as connecting Bitcoin to money laundering through mafia-controlled gambling sites (during the recent debate in Italian senate on its anti-mafia commission report).
there have been a number of accounts of Bitcoin exchanges being hacked, one being the story of Bitfinex, a major Bitcoin exchange provider that lost 119,756 in Bitcoins (currently the equivalent of more than $110 million), following a breach in August 2016.
Chinese influence
More than 90 percent of Bitcoin trading activities occur on Chinese shores according to Reuters; the SEC could be wary of approving a new ETF product where prices were indirectly controlled by China |
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The market has to some extent priced in approval of the ETF. Not very wise but that is how markets work. If COIN is denied you can count on a correction, probably an ABC correction to $900 - $1000 which presents a buying opportunity. Anyone who thinks traders will shrug off disapproval is naive.
C'mon. Bitcoin crashes at the slightest little thing. Chinese rumours, PBOC visiting exchanges, DDOS attacks on exchanges. Pretty much any bad news is used to dump coins, and I don't think it will be different this time if the ETF is rejected. |
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I didnt think it was as high as 80 to balance their budget, hardly struggling exactly but Saudi Arabia is also issuing their own bonds. I do think to do such things they might be better to demand payment in their own currency and if Trump continues his alteration of long term policies who knows. I know Iran has big problems with higher costs, lack of investment for many decades. BP is moving into Iran despite losing half their company there in the seventies, must be extreme.
Actually I was wrong. Saudi Arabia needs a crude oil price of $104 per barrel to balance its budget (perhaps they can adjust slightly by increasing the production). There is not a single oil producing country, which can survive at $55 per barrel in the long term. Check this:  But this is a two-dimensional view of a multi-dimensional issue. This looks solely at oil as the changing factor in a balanced budget without regard to all of the other variables which determine whether or not a budget is balanced. For example, it ignores all other sources of revenue and budget cuts and focuses solely on a static budget that doesn't change, and all other sources of revenue are assumed not to change as well. It's far less important if the country can "balance the budget with the current price of oil" than if the country can produce oil at a profit at a particular price. Then, by definition, all oil production decreases the budget deficit. Concluding that a country cannot sell oil at a particular price because it doesn't allow them to balance the budget is not a sound conclusion. It's only an issue if they can't make a profit at the price. The bolded bit is very true. The issue with Saudi is that it doesn't have a balanced economy, it is entirely oil driven. Whereas Iran's economy is much more diverse - they export Caviar for example, plus Persian carpets, they have good agricultural land, so they can export food as well. I'm pretty sure Iran will win it's battle for domination against the Saudis because their economy is more diversified. The figures you have for the level of oil price needed to balance Iran's economy are from before the sanctions were lifted. Now sanctions are lifted, they can export lots of other stuff too, which helps them cope. |
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I think it will be rejected. The SEC will play safe this time around.
PS - The decision will come only on March 13, which is a Monday.
I voted for rejected as well. But there are two other Bitcoin ETFs in the pipeline, so this will start all over again in a few months! |
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I heard polo was hacked back in the day... Kinda risky to keep your coins sitting there long periods of time making only small revenue.
Poloniex was hacked in 2014, but they compensated everyone, so people using the exchange didn't lose money. |
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When you set up a coinbase account and want to move your bitcoins to a gambling site or vice versa. 1. Create a desktop wallet on your computer. I use Multibit. 2. Send your bitcoins from coinbase to your desktop wallet 3. Then from your desktop wallet to the gambling site. Withdraw your winnings  from the gambling site and send them to your desktop wallet, then back to coinbase. That way coinbase sees the deposit from your desktop wallet rather than your gambling site wallet. , exchange your bitcoin for an altcoin then reverse the same process to get bitcoin to coinbase directly. This. Lots of gambling sites accept altcoins. Find one that accepts alts, and then send your coins to the gambler using shapeshift in the middle to purchase the alt. |
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Is there a reason DASH suddenly started to pump? The rise seems steep and out of the blue...
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I really think that we might be able to cross 1300$ once ETF gets approved in my opinion. I was lucky this present pumps unlike on 2013 where I have less bitcoin now I have more, maybe 10X or 40X more of what I have way back 2013 and I don't ever regret holding them and selling them little by little then rebuying at dips because I profit by doing so. I only rebuy at dumps the same amount of bitcoin I have dumped when the price was higher.  You mean IF it gets aproved. Though even if it is rejected, there are two other ETFs in the pipeline that might get approval if their prospectuses are sound. |
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http://www.nasdaq.com/article/something-odd-is-happening-at-bitcoins-largest-mining-pool-cm756139Something Odd Is Happening at Bitcoin's Largest Mining Pool
Blocks on the Bitcoin network have been increasingly full lately , except for some of the ones mined by AntPool , which is the largest mining pool on the network . In the past 24 hours from the time this article was written, every non- empty block mined by someone other than AntPool was practically full of transactions, nearly up to the 1 MB limit.
Let's take a closer look at the details regarding these smaller blocks.
Recently, AntPool has been mining a number of blocks with sizes of around 99 KB, 369 KB and 860 KB. There were dozens of blocks mined around these specific sizes during the month of February. During the times these blocks were mined, everyone else on the network was filling blocks with transactions up to the 1 MB capacity limit.
In addition to the non-full blocks mined by AntPool, the mining pool also created 16 empty blocks in the month of February. The total amount of transaction capacity lost by the network during this time as a result of AntPool's small blocks is not difficult to estimate. Numbers shared by BitFury's Alex Petrov show AntPool's average mined block size in February was around 100 KB less than other mining pools of comparable size.
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That's right bitcoin has an ability to bounce back in quick time which is never possible with gold and if you compare the price then bitcoin will be much higher in future as the supply of bitcoin is limited and when demand will go higher in future it will directly contribute to the higher price of bitcoins.
That is only because bitcoin has a very thin small market. The market for gold is about 1000 x. It is very hard to move big markets by more than a few percentage points. |
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How do Bitcoin traders know when it's the best moment to sell and then buy again?
How to get that moment just before the crash?
How do experienced traders keep holding and predict the best sell time just before the crash?
Nobody times it exactly and nobody knows the exact moment "just before the crash". The smart traders usually take some money off the table in stages - they set themselves targets and obey those targets and don't cry if the price goes up after they sell. I think it was the Rockerfellers who said that they got rich by "selling too early". What they meant was they were not too greedy and understood that it is impossible to predict the exact highs and lows, so you look for reasonable profits and book them. |
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The real correction is on 11 march
It will happen before that date - nobody waits till the last minute to take profits. Here are some events coming up: On 9th March it will be one month since OKCoin and Huobi suspended bitcoin withdrawals for Chinese members, pending AML checks. Here is the latest info on this: https://cointelegraph.com/news/bitcoin-price-pushed-by-okcoin-getting-ready-for-relaunch-china-money-supply-increaseOn March 1, OKCoin told their users that the exchange is approving the transfer of user funds stored on the global OKCoin trading platform to their Chinese site because the company’s .CN platform is nearly ready for approval by the PBoC and relaunch.
Earlier in January, the PBoC asked OKCoin and Huobi, two of the largest Bitcoin exchanges in China, to suspend trading until their Know Your Customer (KYC) and Anti-Money Laundering (AML) systems are overhauled. The abrupt termination of OKCoin Bitcoin withdrawals stemmed from the PBoC’s initial warning sent out to Huobi and OKCoin on Jan. 18.
At the time, OKCoin operators announced a time frame of one month for the completion of their KYC and AML system update, which meant that users would not be able to withdraw their funds in Bitcoin or Litecoin for 31 days.
However, OKCoin emphasized that the one month period could be either shortened or delayed depending on the development of their new industry-compliant AML and KYC systems. Since an AML and KYC update essentially led to the renovation of the entire platform, OKCoin and Huobi weren’t capable of providing a fixed date of withdrawal approval. The ETF decision is going to be on March 11th The Federal Reserve will meet on March 14th-15th and is likely to raise US interest rates. the dollar usually strengthens when they do this. So a lot happening in the next week or so. |
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Gold tends to respond negatively to interest rate rises from the Fed.
I'm pretty sure that the Fed is going to raise interest rates again in March, and gold will take a dive (and the dollar will rise).
BTC doesn't seem to respond to interest rate rises at all, it seems to respond to utility - whenever a new use for it comes, it jumps in price (as we are seeing with the potential for it to be included in the ETF).
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BTCJam was being used by scammers. If you want to lend, do it on Poloniex, at least they stand between you and the borrower.
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