Hi,
Just wondering if you guys will stay in crypto (aka hold or sell your BTC holdings) if the price does not recover.
Lets say we are still around 6k-7k by December 2018 => Will you wait it out or give up and say "OK, we had a nice ride but we are not going up again"?
What about if in 2019 price is still hovering around 6k-7k and there is no sign of recovery to 10k+ (or even a new ATH)
I would not be surprised at all if prices are still this low by the end of the year. Bitcoin will recover, eventually. There will be people who sell out earlier because they get impatient on waiting for that. I believe in bitcoin as a long term monetary store of value, and I'd rather hold bitcoin for the long term than government issued fiat, which is why I have no problems with holding bitcoin for as long as it takes for the next bull market to get under way or even indefinitely. But, as I've said, nobody really expects bitcoin to start its recovery this year. This year is going to be bearish in general and probably isn't going to be that great for short term traders that are going long on BTC. That's why I said if bitcoin stays at below $7000 by the end of the year, or even next year, I wouldn't be surprised and I'm fully prepared to hold it through. That's the right attitude towards investing in bitcoin, i believe. |
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As i see now, we wil get a up trend (7K+ is possible) , until
Saturday late than the down trend will be start and Sunday can be the day with the lowst buy option. i exect sunday
evening we will get a new up trend again!
Nice weekend!
BREAKOUT COMING OVER THE LINE 6836 ( bitfinex rate)!!
Prices are staying put for the moment. I don't think we'll see huge swings in price. Even if prices do go over $7000 I don't even think that should be classified as a pump. It's a rebound from the support of $6500. But right now, I don't see that happening since it's been around 2 consecutive days now with bitcoin staying under $7000 with the sentiment being bearish. Chances are quite low. But with the amount of shorters in the market at the moment, if we do have a sudden breakout in price to at least $8000 then there should be a pretty big short squeeze causing prices to go up even further. But both $7000 and $8000 resistance levels have proved to be quite strong at this time, so it's unlikely that this would happen within this week or even the month. |
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I'm about to receive 15k in Bitcoin.
I'm.looking to receive them into my Coinbase account and was wondering whether I can send and receive BTC on there without them wanting a scan of my ID, a request that is insane given the security risk.
Can I do that over Coinbase? Is there a better service, if Coinbase won't let me do it?
Thank you!
I've used coinbase for a god one or two years and only stopped mid last year. I was able to receive and send BTC without any ID provided. The worst case scenario that I've seen with people using coinbase is that their transactions were linked to gambling websites that coinbase prohibits in their terms and conditions, and their accounts suspended. But they were still able to withdraw funds from it. But just because that was the case in the past, doesn't mean that they can't request ID docs for you. I think the best bet for you right now is to probably use electrum or if you don't want to download anything, even blockchain.info would work. Coinbase is technically an exchange. It's too much money at risk. |
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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
Governments using blockchain tech is literally just trying to gain more control. There is no point in having a crypto that is not decentralised. Because if someone can still control over the money supply and interest rate, then it's just the same as fiat currency. It's worthless because someone can get more into circulation with a press of a button. There is no point either in having national cryptos for each country, when bitcoin is already a global crypto that doesn't have any borders. I'd rather hang onto my bitcoin(real money) rather than buy into governments crypto fiat, thanks. |
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I have a website that charges $1 - $5 a year for a subscription. Until now I used a simple crypto payment facility - cheap and easy to setup.
The problem is that many of my potential users (about 95%) don't really know anything about crypto, and even if they do, they don't want to create a wallet and purchase some coins at an exchange.
I still want to continue accepting crypto, but want to allow people to pay with a credit card and/or PayPal.
Does anyone know of a payment gateway that accepts CC/PayPal (and possibly crypto itself) and pays out in crypto? I basically don't want to handle any CC or PayPal accounts, all that should be done by the gateway, I simply want to get the income paid into by BTC/BCH wallet on a monthly basis.
I'm not aware of any that have shapeshift level automation in their service, and is able to provide their services without any hassle of KYC. You could integrate coinbase, but AFAIK the user still needs to set up his account before he actually can process any fiat deposits. The coinpayments one is pretty much accepting paypal directly, isn't it? It doesn't convert to crypto for you. I would stick to having credit card or paypal payments as well as an option for bitcoin payments with a tutorial of how to get bitcoins. But I doubt that anyone will sell that low of an amount to buyers anyways since fees eat up everything and on p2p trading platforms, there is a minimum of around 10 USD usually. Basically, my advice is to offer bitcoin as an alternative for now, if majority of your users still pay via credit card or paypal there is nothing you can do but put out some tutorials to hopefully get them to convert to using BTC. Then if you want to buy BTC, do it on localbitcoins and you can do that anonymously using cash deposit/bank transfer. There are just no services available right now that fulfills all of your purposes. |
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Prices plunged below $7000 today following a strong day yesterday.
As I expect, this rally is short-lived. There is really no momentum for a bull market to break out at the moment, so it's just a short term adjustment. The resistance at $7500 was pretty strong, as expected as profit takers seem to be selling as soon as market picks up a bit.
There will be some more dips in the following months, followed by small rallies following those dips, but in general it is safe to say that we still have some space to go down before consolidation at the bear market's bottom can fully occur.
I agree with almost everything you said, except the the profit-taking part. It looks like the whole market switched into a day-trading mode of operation, but it is not necessarily profit takers who don't allow the price to rise higher. The swings are too small, and it may be an artificial resistance created by someone who doesn't want the price to rise. Today, when the market sentiment is all doom and gloom, it won't take a lot of financial resource to keep prices contained and constrained, especially to the upside. It could be. However with any sort of pump there is going to be profit takers, whether that constitutes a small or large percentage. I suspect that most big players now are probably trading bitcoin for the short term movements, either shorting or going long for a few days/weeks at a time with margin, otherwise they would not be selling as soon as there is 8-10% rise in price. The artificial resistance that you mentioned could be possible through a group of shorters, or just someone with a huge stash of BTC bought earlier. But overall as I've said, unless a sizable short squeeze happens due to a sudden reversal in the market sentiment, we're not going to see any major bullish activity for the time being. And even if a bull run starts occurring, there is reason to suspect that it's a bull trap if prices have not plunged further and consolidated there before making its way up. |
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Before he went down as a famewhore seeking for someone to extort money from, I always believed whatever that guy has been saying. But now, seeing that he has been using his short-lived fame to get money from starting ICOs and services, I wouldn't trust him one bit. Obviously he will be trying to work his way out of whatever the hell he said when he was hyping bitcoin to reach $1M in 2020. He's nothing but a scammer and a complete asshole right now. He might not eat his own dick on live TV, but the trust he garnered had already been lost during the process.
Agreed. He seems to just be abusing his fame and celebrity status for money now. I have also read an article saying that he charges $105k for promo tweets. Basically a paid to promote type of guy. And these outrageous predictions that make eye catching headlines just make his publicity even more well known, and newbies think that he is a real crypto expert. The truth is that he is most likely wrong, even in the most bullish scenario I wouldn't see bitcoin going to $1 million by 2020. The least it'll take is at least a decade, in my opinion, and that'll depend on if hyperinflation strikes or not. I used to think that he was pro-bitcoin, but now I think he's just trying to make a quick buck out of this bitcoin bull market. His predictions are not helping bitcoin grow in any way, in fact it's just going to reinforce the idea that bitcoin is some sort of money making machine. |
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Financial freedom doesn't necessarily mean you will be a millionaire or super wealthy, it means that you will not need to work anymore and if yes then by choice. You also don't have to run a business, build a company or to make a startup (ICOs in our case). It's less about income and more about an outcome, saving is a really important factor in the whole financial freedom. The sooner you want to be free and live by choice, the more money you need to save.
Investment is playing two parts in this economic game, investment is a one way to gain profits for the long-term and take your 1 million dollars and make it 2 million dollars in ten years, which might be slow but safe and influencing part in your life. The second part is that investment is also a way to store your value and in the good case to raise it naturally, let's say each month you can save $1,000 so you add this to your investment and in that way you collect more and more money towards the amount goal, so while you are saving your money you are also growing this up with the time. If you cut your expenses and increase your savings while storing in a smart investment, you are on the right path to financial freedom. It's simple but definitely not easy.
People, especially old people tend to save their wealth in the bank. But 0.5% interest a year and not even this, it's not a saving way. It's a wasted money.
If you are going to hold your savings let's say 100,000 USD in your bank for ten years, then you literally just spent thousands of dollars. How? You simply could put it in the safest investments and make it through and once you want to take this out, you could have above 150,000 instead of 105,000. Your bank is your enemy for savings, they can't give you what you really want. Holding money is valuable and can be used for more money in a very safe way. Every moment that your money doesn't have a purpose, you are losing money, you are losing time, you are masking a mistake!
Yeah, if you are holding your money in a bank, you're probably better off making investments into store of values such as bitcoin, silver, or gold. They can provide way higher returns in the long term than bank deposits and you actually have something tangible that you can hold onto. For me, investing isn't really about making a profit all the time. More of the time it's just to protect the value of my savings against inflation and the debt based fiat economy. Holding onto any sort of fiat currency for the long term, whether in an interest bearing account or not, is pretty dumb. You're just not utilising your investments to its full potential at all. You're relying on someone to set an interest rate for you and accepting it. The goal of investing isn't that, it's to keep your savings growing in real terms(inflation adjusted). |
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We've not really been that volatile recently. From my point of view, we been hanging around $6-8k for around a month now with bottom currently being at $6.5k. The price rallied up as the bottom was established, but it was a bull trap as I expected. But why the prices have been falling eer since January this year is quite simply because of the huge rallies from last year ending, hype around bitcoin drying up, and regulations tightening which is causing a panic. This is what happens during a bear market, and it's honestly all quite normal. Now that it's below $7000 watch the support at $6.5k, if that is broken then there is a possibility that we may be going below $6k in the short term. Also watch for buying opportunities when price dips. |
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I think it's safe to provide ID to them too. However one of the big attractions of localbitcoins was indeed that you could trade anonymously, and that's a big downside now that you need to get verified to create an ad. As a trading platform that deals with bitcoin you clearly do not want to be under the scrutiny of any regulators that could shut you down.
Even though this came out in January my existing active advertisements continued to run well into February or March, I believe. That's when I noticed the new rules.
You can still be the "taker" of an advertisement though and you don't need to be verified to do that, so if you want to buy bitcoin or sell bitcoin it's still possible through Localbitcoins, only thing is that you'll get worse rates. Most pro traders on LBC are already verified anyways.
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No idea why they have increased the fees for users so much.
1% maker/taker fee is pretty much the highest that I've seen in recent years on big exchanges. You can easily get better trading fees on other exchanges under 0.25%. It's a huge difference and it piles up if your volume isn't much daily but you trade consistently, and is unable to fall under a higher bracket on their fee division tables.
So yes, even without the BNB discounts Binance seems to be a better option at the moment.
No idea why you would trade with Gemini after this fee update if there is a difference by a factor of 10-20x of the trading fees, compared to better sites.
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Prices plunged below $7000 today following a strong day yesterday.
As I expect, this rally is short-lived. There is really no momentum for a bull market to break out at the moment, so it's just a short term adjustment. The resistance at $7500 was pretty strong, as expected as profit takers seem to be selling as soon as market picks up a bit.
There will be some more dips in the following months, followed by small rallies following those dips, but in general it is safe to say that we still have some space to go down before consolidation at the bear market's bottom can fully occur.
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Recently read the news that the volumes are growing at localbicoins in Canada and Europe. The news is really true, as I have checked this information through a special service.
What do you think? Is this a bull market signal or another trick?
Definitely not a bull market. Prices have only recovered slightly when the $6.6k bottom was found earlier on in the wee. I think there will still be some distance to go before we find the true bottom for this bear market and a real bull market starts emerging. Should be a bull trap, it's not a trick of any kind. It's just normal market movements. No idea why Localbitcoins volume is relevant because it could just be any whale dumping/selling coins or even wash trading. Who knows. But as I said, we're still in this bear market. Unless BTC can rise above $10k(which will most likely be at least the end of the year when that happens), I would not call this a start of a real bull market. |
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BTC has been rallying since the bottom at $6,600 is confirmed. Now that price has moved to above $7,300 with strong expansion in volumes, we may say that an effective counterattack has been initiated, making it mostly likely for bulls to challenge the resistance at $7,700 in the short term as price holds great chances to continue moving upwards. If you take a close look at how price moves on daily chart you will find that a minor floor will be formed during a certain period, besides, price will continue dipping after rallying to the resistance provided by last floor whether rally receives support from volumes or not.  That’s the reason why I believe $7,700 will be the ceiling after price has been forming another floor in the past 4 sessions, now it’s easier to tell how BTC will move in the short term. We believe price will correct higher to $7,700 to $8,000, selling on surges is recommended if the overall trend remains intact. We may also say that bounces are the root cause for lengthening bear circle as price will continue dipping after every rally during overall downtrend. Original by Kuang Ren, translated by AICoin Jami. Based on the trend that has been observed with the last few months, I think this is a spot on analysis. I think that bitcoin may well stay above $7k for some more weeks before another dip comes. There is a possibility of a complete disruption of trend from bearish to bullish, but I don't think that we're back at the "return to norm" stage yet, nor does the market look ready for that at all. The bear market should and probably will last for some months longer in my opinion instead of ending now. So yes, if you're trading short term, then selling if BTC reaches $8k+ would be my recommendation as well. But for all the long term bulls out there like me, just wait for the next dip to come by to fill up with even cheaper coins. |
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Awareness of bitcoin has been growing over the last few years, however most of it has happened in developed or close to developed countries. And even if that is the case, most people that hear of bitcoin don't actively try to pursue buying it or anything like that. Also, developing countries is where a lot of the population don't even know about bitcoin.
I think your calculations are close, probably give or take 0.5% of the entire adult population.
I'd say that at the absolute maximum we are the first 1-2% adopters. There is a reason why bitcoin has been rising so much over the 10 years its been in existence, it's because more and more demand start piling up for a restricted amount of coins. And this demand is only going to continue to grow in the future, which is why I'm so confident in BTC's performance in the long run.
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Very comprehensive list. I think it'll be help a lot of people for sure.
Instead of just posting a short introduction for each of the exchanges, I think it'll make more sense to have a review section for each exchange as well. Perhaps have a rank for the exchanges as well. People then can get a better idea of which exchange to use if they do have the tools to get the required referrals.
But to be honest, unless you own a popular crypto related website or have a lot of friends and family who are interested in trading cryptos, you're probably not going to make anything worthwhile from these affiliate programs. Not saying that you can't, it's just really hard to do it and could waste a lot of your time & effort trying to recruit people.
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A company cannot just say that we lost your money and say that we're not liable to pay you back. How crazy does that sound if put outside of this case? Just say that lent me a hundred bucks, I accidentally lose it and say that I don't need to refund you now.
That's literally what this team seems to be doing.
There is no doubt that they are a scam. Even if the error is legitimate, doesn't make them not liable for losses. Plus it could have been deliberate as well, nobody knows. As long as they deny they owe old investors any money, they are scammers.
Jeez, and they are still launching new bounty programs or whatnot. They are clearly not ashamed at all.
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I heard this site is now accepting payments thru cryptos and I was wondering if anyone ever tried it with them? They have some good stuff on sale and I wanted to know if anyone tried it using crypto? https://www.peddler.com/The site looks pretty legit and I searched up some reviews, most of them suggest that they are a legitimate business. However, you never know what it's like dealing with a specific business until you actually deal with them. Same with this, even if it does look trustworthy, you should probably start by placing a small order with your credit card/paypal which you can charge back if something goes wrong or they dispatch fake goods, etc. Then, place a small order in crypto. See if it goes through without hiccups. If everything goes well, then you can proceed to use crypto safely on the site. Always good to hear about actual online businesses accepting crypto, btw. |
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You can't simply create a coin (specially a fork) and expect it to be listed in exchange when there is not even a solid userbase. I'm personally not aware of any exchanges that doesn't require paying a fee, which is very understandable because otherwise, people would abuse the system and list shitcoins.
Hmm ... And what should I do? People ask: - On which exchange can we change our merecoins? - and I do not know what to answer them  Do I have to make a stock exchange myself now? But it's a lot of work  Or is there some simpler solution to this problem? C-cex has a coin voting program: https://c-cex.com/?id=vote. It'll only work if you have a)tons of money to spend on it getting listed or b) tons of grassroot support for your coin. For you, it has to be b. I don't think that it's feasible to open your own exchange for the sole purpose of trading your coin against BTC. It'll be way too expensive and hard to set up that you're probably better off just paying for your coin to be listed. There's probably a few other small exchanges that have coin voting programs. You could email individual exchanges, however to get your coin listed especially on bigger exchanges, most of the times you will have to pay a fee or have a huge supporter base for your coin. |
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It's just going to be one step closer to a "cashless" society, but not a decentralised one.
As the article says, it's just going to make the government's actions have a more direct impact on the economy if they do use blockchain technology in the future. To be honest, it won't even be competition for the current crypto market because it's just completely different. One is decentralised, the other is centralised. It's just fiat money in blockchain form, it's still controllable by governments.
It's not a good thing, but it's not a bad thing. Governments aren't promoting existing cryptos but rather trying to get people to use their version of cryptocurrency, it's not going to push price of BTC up at all.
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