It is such an immature market when rumours of hacks can cause a flash crash.

Can you imagine reports saying "The Dow dropped on rumours that the NYSE was hacked". It is silly stuff.

Me too. People also need to prepare for those who bought at $1000+ selling in relief (the drop from $1000 to $800 will have spooked them and they will be glad to get out).

The dollar price of the altcoin has an effect. Sometimes the alt will decrease against bitcoin as bitcoin increases against the dollar, to keep the alt's dollar price steady.

Yup. Better to just promote a normal coin and stay under the radar.

Monero's price doesn't seem to have moved on this news though. 

To be fair the move in December from $700 to over $1000 was a pump.

The current move is a rally, and should prove that now that the Chinese are not main players, bitcoin should start behaving more normally.

Ummm..

The issue is not changing your CHF into bitcoin. It is the person on the other side having to change their bitcoin into their local currency.

Are there bitcoin ATMs in South Africa, Philippenes or Brazil? If there are not, it doesn't work for remittances.

In dollar terms doge is staying steady at around $0.0002 and has been for months.

The correct answer is the difficulty in converting the bitcoin in the target country.

Say someone is sending money from the United States to Zimbabwe. There is a Western Union shop in both countries. But how would they convert bitcoin in Zimbabwe currency?

Bitcoin either needs to be adopted everywhere so people don't need to convert it, they can just use it to pay their bills. Or it needs exchanges in every part of the world so the recipient can sell it for local currency.

Send a private message to Yobit:

https://bitcointalk.org/index.php?action=profile;u=406594

It should generate an email alert to the Yobit administrator to read your message, and hopefully they check their email regularly.

Well we shall get a decision on the Winklevoss ETF on March 11th:

http://www.etf.com/sections/features-and-news/decision-bitcoin-etf-coming-march-11

Lets hope it is favourable.

In 2014 the Saudis had reserves of about $750bn, and it is safe to say much of that was held in US bonds. However, since the oil price collapsed from $130 to about $40, the Saudis have been selling their bonds. It is estimated that it dropped to $555bn by August 2016

It has probably dropped further since then. But their sales arn't having any effect on the dollar which has strengthened since 2014. It goes to prove that the big Wall Street bond funds are more important than overseas sovereign funds.

No wonder people weren't using the bitcoin payment system!

Why do merchants add these charges when the whole point of BTC is to reduce costs?

I'm not sure Yobit monitor this sub-forum.

You could try sending them a private message:

https://bitcointalk.org/index.php?action=profile;u=406594

It should trigger an email alert to prompt them to read it.

The answer is: It is too soon to tell.

First we need to see what a Trump budget has to tell us. If it is expansionary, then the Fed may raise rates faster than they were going to.

If interest rates rise in the US but not elsewhere, then the dollar will strengthen. People like holding their money in currencies where you can get interest.

So it all hinges on Trump's first budget, but he hasn't even got his Commerce secretaruy confirmed yet, so we have a while to wait.

Sometimes.

Steem brought a lot of people into the crypto space who were writers and came from Medium (a blog platform). Many had never ever used cryptocurrency before. Steem was easy for them in that it uses usernames to move money instead of long addresses - but many of them then went on to learn how bitcoin worked and so on.

Doge also brought in a whole bunch of people who simply liked memes, and who also liked the whole Jamaican bob-sled sponsorship, the Nascar sponsorship and so on. The big innovation from Doge was to abandon the limited coin thing and embrace inflation (which meant that people didn't hoard and happily tipped and spent).

So yes, sometimes alts bring in people who bitcoin couldn't reach, and some innovations really do help adoption.

You can buy gift vouchers with your bitcoin, and then spend the vouchers.

See

https://www.cryptodechange.com/gift-cards/

if you are in the UK (and they accept some alts as well)

Or use https://www.gyft.com/ if you are in the US

The main reason Litecoin is still alive is that the Chinese exchanges only list bitcoin and litecoin (no other alts).

Now that volume has reduced on the Chinese exchanges, the jury is out as to whether Litecoin will continue to thrive.

According to the following article it is because hardly anyone was using bitcoin:

http://www.coindesk.com/freelance-market-fiverr-drops-bitcoin/


We shall see this more and more - people hoard bitcoin instead of using it, because of it's deflationary model.

Mintpal died and then Cryptsy died and lots of traders then migrated to Poloniex because was one of two big exchanges still standing (the other was Bittrex). Poloniex had a slight edge over Bittrex in that it allowed margin trading for some coins.

This. People are just resting and having a think. There arn't any new developments that can move the price, and until something happens (either breakthrough on blocksizes, breakthrough on the Winklevii ETF, or perhaps an economic crisis in some part of the world), the price won't move much.