I canīt really see bitcoin breaking the $2000 barrier, not in the short term. First theres some things we have to solve, like the blocks sizes and time per block.
I can't see it either. It hasn't even topped the 2013 high, which is a bad sign. |
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It's been a long since DOGE get pumped on 2016 early and the price going down rapidly and DOGE is like sleeping giant, many people still using DOGE for play dice or storing on wallet see the price up and a couple merchant use DOGE as payment method so with the fact DOGE still possible to get pumped again, i hope the DOGE price will rise again same as first DOGE launch but this is quite hard.
The price has stayed pretty steady in dollar terms. It is going down against bitcoin because bitcoin rose against the dollar. As to whether it will pump again - it might as the sell walls on the exchanges arn't that strong. |
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The Chinese are not bothered with all these Western opinions on anti-competitive regulations and so forth..
Yeah, but western people are concerned about it, hence this thread. China is holding back bitcoin adoption because the more people read about Chinese domination of bitcoin, Chinese market manipulation, Chinese government interference etc etc, the less likely they are to adopt it. It is only worth getting into cryptocurrency if it is genuinely decentralised. If it is going to be centralised, then you are better off with a centralised currency controlled by your OWN govt, whom you can vote out, rather than a centralised currency controlled by an opaque authoritarian govt on the other side of the world over which you have no control at all. |
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I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?
It is when there isn't a single exchange that will trade the coin. It means you can't use it to do anything, not even convert it to bitcoin. At that point it is dead. If no-one mines it, it is dead too - if you can't get transactions confirmed, then it's dead. |
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Post a thread about your problem in Coinbase's subreddit: https://www.reddit.com/r/CoinBase/Their staff actively monitor that sub and you should get a quicket response than if you opened a ticket. |
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Waiting for them to enable XCN withdrawals before I regain my full trust in that exchange.
XCN? what coin that? Is that coin ever listed on Poloniex before? you can see my img on here and there is not any coins which called XCN -snip- If that coin already delisted from Poloniex (assuming you did typo),i don't think poloniex will re-enable its withdrawals again. Yes it is called XCN, I don't even know why you asked that question  And if Poloniex don't enable withdrawals, that means they literally stole people's money  Because as you can see from my img above, i already listed all of coins in Poloniex started with X.., but i'm not found any coin which calle XCN. Is it got delisted before? Yes it got delisted just on January 4th with a number of other coins. And Poloniex admins promised to enable the withdrawals for this coin. Still waiting though... Why didn't you withdraw before it got delisted? They delisted RDD as well, but I withdrew before the deadline and got my coins out without problem. |
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How many times have we seen people say that Bitcoin won't go below this or that level, while it happened every time? I say a plenty of dozen times. Current situation is definitely not an exception. Great example is the all time high of around $1200 back in 2013, where after that the price tanked to prices far below the $200 level. It's a decrease of more than $1000!! It was a combination of a massively overbought-manipulated price, and the MtGox debacle. But remember, there were far less coins in circulation than is the case right now. I can't say when since it's something we can't predict, but it will go below $700 again, it will go below $600 again, and at some point it will go below $500 again. It's just a matter of time, but the price always recovered so far, so that's something you guys can hold on to.
This. The problem with bitcoin is that it is such a small market in the grand scheme of things, and small markets are easy to manipulate. Then add in that the Chinese speculators like to gamble, so they pile in when the price is rising and dump in a panic when it is falling. They don't seem to practice contrarian investing, and they don't do risk management either. The idea of only investing 1/10th of your assets at a time is foreign. They like to go all in, which can pay off occasionally, but most of the time wipes you out. |
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For me altcoin are only for trading purposes, I don't hold them for long since I have seen that almost none of the altcoin lasts for more than few months. Bitcoin as such doesn't need an altcoin, but bitcoin community profits from having altcoins.
I use alts sometimes to move money from one exchange to another. Saves on fees, confirms very quickly, it's quick and safe. Doge is particularly good for this. |
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http://mobile.reuters.com/article/technologyNews/idUSKBN1570EZBTCC, Huobi and OkCoin said in separate statements on their websites late on Sunday that they will charge traders a flat fee of 0.2 percent per transaction. Exactly how does three independent exchange entities all pen on their respective websites Sunday night that ALL will be charging the same exact trader fee of 0.2%/transaction come Tuesday when formally ALL three formerly had a 0% fee in place sans communicating with one another? TBC, I already have a reply at the ready if the answer is that they communicated with one another. Think about it! It is not market manipulation, it is government manipulation. They've all been ordered by the PBOC to stop margin trading, stop making margin loans and to have fees of 0.2% on trading, and they have all complied in order, in Bobby Lee's words, to "appease" the PBOC. The China thing is holding bitcoin back. We have mining centralisation, what appears to be trading centralisation combined with heavy handed government instructions on how to operate the exchanges. The sooner an alt comes up that solves the China problem, the better. |
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Dollar is going down again..
Is this positive for bitcoin price?
MOON ?
I think is a temporary movement. The plans of FED for this year about dollar are its increase of value and its equalization with euro. Then I think that the value of bitcoin is independent from the value of the fiat money. Have to do mainly with the spread of it or the desire of its community to have more. Maybe is affected a little but not to make possible the "moon" for bitcoin. +1 The Fed has spotted inflation and is intent on raising interest rates three times this year. If Trump's budget is expansionary, they'll raise rates even faster. Other countries arn't raising rates, so the dollar will strengthen. It is as simple as parking your money where the interest rates are high but also secure. |
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I think Cryptocurrency is here to stay.
So if bitcoin has a disaster, it really means that an alt has taken over the #1 spot, and money will be moving into that. Which alt will win though is a whole other thing. I don't think any of the alts on your list have what it takes.
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Is the PBOC really auditing them or just saying they are?
I think they are auditing, but it's nothing big. Have you seen the interview with Bobby Lee? He said the government is just making sure the exchanges are willing to comply and are aware of all the rules and regulations. It's just a show of force, they are not trying to shut them down or they would have done it already. They are definitely checking that no more margin trading is taking place, because the exchanges didn't have a licence to lend money. Volumes are bound to come down if there is no margin trading and fees are applied on every trade. We should find out by the end of the week what real volume looks like on those exchanges. |
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Bitcoin has a lot of problems:
1. centralization of mining behind the great firewall of China
2. centralization of trading in China (which is an authoritarian state with capital controls)
3. small block size means it can't handle more than 250,000 transactions a day, whereas the VISA network manages to cope with billions
4. slow confirmation times - you sometimes wait 40 minutes or longer for your transaction to confirm
5. high fees, the fees are now bigger than banks or credit cards
Alts are an attempt to solve all these problems.One day one will, and will overtake bitcoin.
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How many of you have visited some merchant with your card, and when the teller swipes your card, the magnetic strip is damaged? Some cards still make use of the magnetic strip and not the chip. I had this problem last week, and I had to wait 3 hours for it to be replaced. You first have to phone the customer care at the "Head Office" branch to verify your identity, before the shop assistant can replace your card. This is VERY frustrating, if you are in a hurry. Bitcoin eliminate all the hassles with physical cards and the fraud associated with this.   In Britain never, because all cards have chip and pin... |
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Aren't you interested in doing something else then trading with altcoins ?
You can create so much elaborated applications, scripts, websites ...
I am just pointing to fact that most of the people here who are following altcoins are doing it for profit, trading, dumping, pumping, you know, there are lots of things that can be achieved by altcoins, you should give it a try.
The trouble is you can create all the apps you want, but communities will just not use them. For most alts, trading and lending is literally all you can don with them. |
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Now china exchanges had the biggest volume trading, one of the possibilities its that these exchanges has 0 fees on trading. Some of them announced that they will start charging fees on trading, we will see if volumen falls and witch is the real trading volume on these exchanges.
As I and many who followed that topic have expected...chinese exchanges will introduce trade fees!! Will be interesting to watch how their trading volume will develop over the next couple of weeks.  It will definitely change the way they trade - be very interesting to see how they respond. We will find out whether bots were painting the tape, or whether trades were real. |
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Trump was quite unambiguous about his plans to weaken the US dollar. In fact, he already sent the dollar spiraling down a little when he told in his WSJ interview last Friday that the dollar had been "too strong". I don't know how that can be possibly misconstrued toward "a much stronger dollar". If Trump is actually going to "make America great again", he should first make American goods competitive in the world markets, but the only American good that was competitive as of late was the American dollar itself
It is not up to Trump though, is it The Federal Reserve is independent and reports to Congress not the President. Nothing is going to stop them from raising interest rates - if anyone questions them they will use the magic words "we see inflation building" and Congress will roll over and let them raise interest rates. If American interest rates rise but rates in the rest of the world don't, then the dollar will strengthen. Obviously, you are pretty much wrong on this The chair of the Fed is chosen by the President of the US, so in practice the latter does have control over the Fed. Trump will evidently appoint his man to this post. Presently, this office is taken by Janet Yellen, and she was not appointed by Trump. Therefore, she may indeed choose to silently ignore his decisions (and many in Washington seem to be going to sabotage his orders anyway), but her term ends in a year, in February 2018. Further, the majority of seats in Congress (both houses of it) right now belongs to the Republicans and Trump is one of them. Ultimately, Trump as a genuine demagogue may appeal directly to the nation, and then Congress will have tough time explaining their objections to simple guys from Texas and Nebraska if its members choose to dispute his will (of making America great again or something to that tune) Monetary policy isn't decided by the Chairman of the Fed alone. All the regional Feds have a vote and the Regional Fed leaders are appointed by the states. There is no way that Trump can prevent the rising of interest rates. Not if there is a build up of inflationary pressure. |
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Trump said he would bring dollars and industries back to USA.
If he does so, the chinese will be affected and the yuan will fall, and most other currencies will fall too.
Then people will go Bitcoin to protect their wealth, and BTC price will rise
There already is a correlaction between the devaluation of the chinese money
Yes. Americans will still trust in the dollar, and with the Fed raising interest rates, will be happy to keep their savings in dollars. But people in other countries, especially autocracies like China, will be looking to get their money out, especially as they devalue. Lol, like they have a choice xD Let's get real, btc isn't gonna replace dollars... Not now, not tomorrow. It just won't. They have plenty of choice, it is not like bitcoin is banned in the US, and the Americans don't apply capital controls like the Chinese, Americans are free to take their money out of the country and put it into any currency they want. But they just don't want to, they have confidence in their democracy and their system and their money. It is people in authoritarian countries like China where people are scared and are spiriting their money out. |
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What is the bubble in the economical sense?
The usual definition of a bubble is when prices move but there are no changes in fundamentals to justify the move. The rise from $700 to $1100 in December was a bubble because during that point there was no big adoption of bitcoin, no sudden uptake in using it, no resolution to the blocksize debate, nothing real behind it at all. |
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Trump said he would bring dollars and industries back to USA.
If he does so, the chinese will be affected and the yuan will fall, and most other currencies will fall too.
Then people will go Bitcoin to protect their wealth, and BTC price will rise
There already is a correlaction between the devaluation of the chinese money
Yes. Americans will still trust in the dollar, and with the Fed raising interest rates, will be happy to keep their savings in dollars. But people in other countries, especially autocracies like China, will be looking to get their money out, especially as they devalue. |
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