Dont trust any signal group its better to built your own strategy on trading in that case you will not blame people if you lose on your trade, sorry to hear that your friend lose a lot of money atleast your friend learn from mistake now if their comeback on trading its better to plan there trade.
This. By the time they broadcast their signals they already have their positions in place, and their strategy is to sell to an idiot (the person blindly obeying the signals). |
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He's anti bitcoin. He's basically saying it's useless as a payment processor and that's why he is proposing Libra. |
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how can rallying DOGE price correlate with backing altcoin trader? what is the reason?
DOGE is just small part of altcoin, there are many coins which are better than DOGE, so if one coin can be correlate with altcoin, why it must be DOGE?
i think traders are back just when most of all coin can be up simultaneously.
Which ones? There are a lot of alts with hype - and then they usually crash and burn. Doge has this advantage: it's easy to understand, easy to use, low fees and the most crucial point of all, it's on most exchanges. Whereas lots of other alts are on a couple of exchanges and are always in danger of getting delisted. |
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There is a big hype around staking coins on exchange platforms. Why they didn´t launch the staking program before? Binance also launched staking and lending platform few months ago. It is a cool way how to earn cryptocurrencies passively, but I am afraid that this is pretty dangerous. People will store their cryptocurrencies on exchanges and with this come many problems.
I think most of these exchanges were staking the coins privately already and have just decided to share the proceeds with the users who actually own teh coins. Anyone who thinks that stakable coins deposited with the exchanges haven't privately been staked by those exchanges is naive. |
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On the other hand, it doesn't really take much to start a hedge fund, and I do believe they're less regulated than things like mutual funds because they generally attract high net worth investors who presumably know the risks before they invest.
The only regulation is that they can't market themselves to ordinary people. I think they have to accept investments of $500,000 or larger. The thinking being that people with that kind of money don't need the protection of the government, and if they lose money, tough. As to their strategy - it's similar to the one venture capitalists use: throw money at loads of projects, and you find the one diamond that makes you big money. |
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Exchanges have always been the weak point in the crypto universe, whether it's data sharing or being hacked. That's why we urgently need to build an ecommerce system that accepts crypto directly so you can just pay in bitcoin or doge or whatever and not have to use an exchange to convert your coins into fiat first. |
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Facebook is now trying to trashtalk bitcoin: https://www.cnbc.com/2019/11/06/facebook-executive-david-marcus-says-bitcoin-is-an-investment-not-currency.htmlDavid Marcus, the head of Facebook’s cryptocurrency projects, on Wednesday said that Bitcoin is digital gold, but it’s not a good currency for transactions.
“I don’t think of Bitcoin as a currency. It’s actually not a great medium of exchange because of it’s volatility,” Marcus said speaking at the New York Times DealBook Conference in New York. “I see it as digital gold.”
Marcus said Bitcoin is like gold because you can hold on to it as an investment just as people do with actual gold, but the drastic upswings and dips that Bitcoin goes through makes it a bad option for people who need a system to send remittances across borders.
That is a key market that Facebook is targeting with its Libra cryptocurrency and Calibra digital wallet. Unlike Bitcoin, libra’s value will be tied to currencies like the U.S. dollar and the Euro, which will help it remain stable.
Marcus said a key reason that Bitcoin has not been regulated out of existence is because it is not perceived to be a medium of exchange.
“It’s an investment class that’s decorrelated from the rest of the market,” Marcus said. “Why feel threatened by that?” |
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I don't think that it's necessarily a trend.
Steemit has been around for a long time now and we don't really see it blooming into anything major any time soon. It is way past its previous identity as one of the top altcoins, and the hype has died down very much.
I think that the reason why people used to hype up this kind of project so much is due to the fact that it generated profit for those who used it. But right now, there is no more free money to be had in crypto winter.
Honestly many people hyped steemit because publishing articles on it wayback was profitable, but not right now. Steemit now has too many ads, well I think it's a means to generate funds to support the project. However, I'm yet to see a very successful social network crypto project with mainstream acceptance. They decided to enable ads because they didn't want to continue selling steem to fund the development team. Having ads means there is less selling pressure on steem than there was last year. |
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why?! Doge coin has nothing going on for it to do a comeback. it is a joke coin that is always that way and since there is nothing new going on like any kind of big change or anything, then you can not expect any comebacks.
there is also the pumps, and the problem with them is that you can not predict them because it is a choice by the pumpers to pick it up and pump it or not.
It doesn't have to have something "going on". It just needs to be on loads of exchanges, and to barely move in dollar terms, which makes it super convenient to use it to move money. It's working as a payment processor rather than as a store of value. |
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It is possible to mine even with your laptop , it doesn't mean that it is efficient or wise
in this case , supercomputer used to mine bitcoins is like using nuclear weapons to clear rat infestation
will you clear it? probably yes
is it worth it? probably not
the problem is people are asking questions like that think in different categories
supercomputers provide something way greater than money , they provide knowledge and knowledge is power
whoever controls information controls the world
LOL. There is indeed a cost v benefit element to all this. Yes a supercomputer could be used to mine bitcoin - but the cost of the supercomputer likely exceeds the benefits of mining the coins. So supercomputers will be put to other more important uses. |
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kraken doesn't accept sepa instant transfer.. only normal sepa transfer.. are you really sure that the other 2 accept instant?
Why do you have a problem with normal sepa transfer? If you initiate a transfer on Kraken in the evening, it's usually in your bank account the next day after 3 p.m. Which is pretty quick. |
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Update: I found another very interesting (long) article about problems using cryptocurrencies in remittences: https://www.saveonsend.com/blog/bitcoin-blockchain-money-transfer/It had this little gem about Ripple: Here is how HelloBit’s co-founder and CEO Ali Goss summarizes this conundrum in the insightful article by Bitcoin Magazine: “With bitcoin, you’re adding a third currency,” Goss said. “You go from U.S. dollar to bitcoin, and then from bitcoin to whatever the local currency is. You’re adding an extra FX move right there alone. That increases friction. On top of that, small startups don’t have a big FX department, and they don’t have the big abilities that come with such a department … they’re generating more costs for themselves, not less.” The spreads are so high that even die-hard crypto cross-border players are using non-blockchain rails to complete transfers for those destinations. Yeap, you heard this right, EVERY so-called Bitcoin/blockchain money transfer startup pays banks to process a large portion, sometimes a majority, of its cross-border transfers. Here is ZipZap in this interview to CoinDesk: “ZipZap uses a combination of traditional (Swift) bank payment rails and blockchain technologies to find the least expensive and most efficient transfer option…” But why would MoneyGram use Ripple/XRP and lose money on a double & more expensive conversion? Because Ripple now owns 10% of MoneyGram equity, because “scaling Blockchain” might fool some investors, and because it gets paid by Ripple to create an XRP liquidity in Mexico:  Therefore, rather than disrupt cross-border players or at least help them to serve unbanked, Blockchain players are using those firms to prop up their own printing press – any PR is a good PR as long as more naive consumers buy the made-up currency with otherwise no intrinsic value. Now you also understand why Facebook folks and their Silicon Valley friends were looking at this scheme and wanted in on the action with launching Libra. At some point Ripple is going to get found out, and that will be the end of their centralised currency. |
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About diversification:
Diversifying your crypto-investments in form of other cryptocurrency, is no diversification at all.
This market is strongly entangled with bitcoin alone, if the king goes down, so must the others and we saw that multiple times.
"Investor" should be a way of thinking for all possible spectrums. Have some of this and some of that, just in case.
If anyone bother about my opinion, I say focus on bitcoin and it's counterpart that is gold, litecoin and silver and so on.
This is real diversification and only this way you are somewhat securing semi-stable future for yourself.
This. All the cryptocurrencies are highly correlelated. If you want to diversify your investments, buy property or hold bonds - those things are not correlated with cryptocurrency/bitcoin. |
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Here is a neat article about doge: https://cryptonews.com/news/this-is-why-dogecoin-is-better-than-altcoins-degenerators-5026.htmMost coins are "degenerators": The vast majority of alt-coins are Degens. Their price chart has a measurable half-life, like radioactive decay. Plotted on a log chart, it's a straight line down. Doge on the other hand is an oscillator: On the other hand, there are only a few Oscillators, and one of the most surprising examples is Dogecoin (DOGE), initially made as a joke and now ranked 30th by its market capitalization (USD 326 million). How is a coin an Oscillator, I hear you ask. Woo says that Oscillators are proving SoV properties. “To qualify,” he adds, the coins “need to keep up with Bitcoin (BTC)/USD gains.” In order to find oscillators, plot a coin’s BTC value. It must oscillate around a horizontal line, for at least one full bull-bear cycle, which is around four years, but more than one cycle is better, the analyst explains.
One doesn’t need innovation and cutting edge technology to build value in their coin, says Woo. “These are monetary instruments, they build value with economic network effects.” He finds Dogecoin as an example of an altcoin with no particularly significant technology or smart contracts, nor has it solved some of the major issues in the crypto and blockchain world. If we look at its GitHub, we see the last activity recorded 5 months ago.
However, the researcher believes that Dogecoin achieved SoV due to the Lindy Effect. The Lindy Effect is one of the more interesting things you’ll come across in your daily life wherever you turn. It basically means that future life expectancy of a non-perishable thing is proportional to its current age – its mortality rate decreases with time. So, if a technology is six years old, like DOGE is, it’s expected to last six more. Next year it’ll be seven years old, and if the effect persists, its life expectancy will be that much longer. “An oscillator can always breakdown. Due to Lindy Effect, it becomes harder the longer it stays an oscillator,” Woo writes. The key thing about oscillators is that there is eventually always a pump. Whereas degenerators keep going down (which really hurts the bag holders) |
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I am genuinely interested on how this will be handled, if something like that happened now.  There are a lot more transactions being done now and I wonder if miners would all work together to "rewind" the Blockchain, if it happened again. I think it is in everyone's interest to do this again, because losing a few coins with a "rewind" is better than losing the value of every other coin you own, if miners did not want to participate. Fortunately for us, a lot more eyes are currently on the Open source code and also on what is happening on the Blockchain, so it will even be spotted a lot quicker now.  The only way it would happen again is if they did a soft fork that had mistakes. Most forks carry some mistakes - the last steem fork had so many bugs they had to rapidly release fixes - luckily in the steem universe the top twenty witnesses decide what version to run, so it's easy to correct. With bitcoin it would be much harder given that the miners are numerous and you'd have to persuade them one by one to run the corrected version - that's kind of why the devlopers are so resistent to "improvements" and are so conservative about soft forks. Forks carry loads of risks. |
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Full text here: https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-tax-for-businesses#trading-in-exchange-tokensA few things besides the whole trade exchange tax stuff is interesting and I do like it, one is about home (hobby) mining For example, using a home computer while it has spare capacity to mine tokens would not normally amount to a trade. However, purchasing a bank of dedicated computers to mine tokens for an expected net profit (taking account the cost of equipment and electricity) would probably constitute trading activity. If the mining activity does not amount to a trade, the value (at the time of receipt) of any cryptoassets awarded for successful mining will generally be taxable as miscellaneous income, with any appropriate expenses reducing the amount chargeable.
If the miner keeps the awarded assets, they may have to pay Capital Gains Tax or Corporation Tax on chargeable gains when they later dispose of them. So, there is a room for a bit of mining avoiding taxes while keeping a low profile, especially since there will be no VAT on crypto sales. Also, there is a paragraph of allowable costs: Certain costs can be allowed as a deduction when calculating if there’s a gain or loss, which include:
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advertising for a purchaser or a vendor Does this mean you can deduct localbitcoin fees? In all, it seems like they've done their homework quite diligently, they are covering everything, even hard and soft forks and airdrop. As for the whole crypto is not money, nobody really gives a damn about semantics as long as they are making it legal to buy/sell/mine/use. This was pretty interesting and I almost knew that they won't be able to tax the income still not realised by miners in Fiat because it's pretty hard to trace such income for authorities unless they go on to subpoena it. Coming to the case of expenses. It's always been a very subjective issue for most of the business about what expenses to claim. In general I advise my clients to claim all expenses which they have used until they have realized the income in their account as Expenses. This may include any transaction fees any local bitcoin fees. Infact i recommend people to take turnover on the basis of actual receipts in the bank. British tax authorities like to make things easy for themselves - so taxing only when converting into fiat makes sense. Also, the govt would quite like the City of London to become a cryptocurrency hub as well, so it's important not to squelch a new industry at birth. Especially if the EU goes in the opposite direction. |
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That's a big possibility and we can't discounted it. All the infrastructure is already there, no need to create to support their own crypto, so that's a good move for them.
And remember that Binance a key player in crypto is expanding its business in China so there's a lot of thing going on behind that we might not be aware of, hence China softening their stance.
So we might see this as a positive news for us, but I don't see this as a catalyst though, it might affect the price positively but it won't be sufficient to say that bitcoin will be bullish because of this news.
If they're going to switch all their mining from bitcoin to their new coin, it's not positive for bitcoin at all. It will mean that until the hashrate adjusts there will be horrendous backlogs in the mempool as the miners in the rest of the world struggle to mine blocks. I wish miners in the rest of the world would step up so bitcoin (and other cryptocurrencies) are less dependent on China. |
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I wouldn't trust any if it were that amount. Too big. Unless for an emergency, i'd sell it little by little. Though big exchanges like binance, im sure, have insurances to make their users feel more secure. But as much as possible, i wouldn't want to create a stir by processing that kind of transaction. Well, that's just me since i haven't had that much amount before lol. I don't know if there's anyone here who had that kind of amount to give tips by experience.
This. Patience is the key with selling big amounts. Not least because you don't want to tank the price and not get the best value out of your coins. Set your limit sell orders in advance, at an upwards cascading level of prices, and then be patient and allow the market to come to you. Don't just dump your coins on a market order and crash through all the existing buy orders. |
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I think the issue is that they have surplus electricity, and with their economy slowing down, they have even more surplus electricity than usual. So it makes sense to allow the bitcoin miners to use that electricity so that it doesn't go to waste.
I wonder if they're also allowing them to continue because they want the mining infrastructure to remain in place for when they launch their own coin.
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