|
We are still far from being safe from price going down to sub-$10k.
It's safe to say that short term speaking BTC isn't going anywhere below $9k, but can't say the same with the psychological barrier of $10k which is a huge support level for the traders. It'll depend a lot on the events that follows in the next few days.
I would say that if BTC can get its price up to $11k+, then we're most likely going to see this pattern forming. I wouldn't say that it's going to be an all time high, but if BTC does get pumped to $11k+ in a short period of time, expect some FOMO buying.
|
|
|
|
https://imgur.com/a/c2PwXI made the error of sending ETH to ETC address on Yobit which is a real kick in the nuts. No reply from support, so we do the 0.02btc send there so I can use the chat box. When typing the phrase, "Will Yobit help if i have sent ETC to a ETH address" It spat out the text as you see in the screenshot above, LOL WTF hey and then bans me from chat. A scam of a exchange and I wouldn't make the mistake of putting my money there .. well a third time after having to send .02 to chat. What do people make of this? ** I just received today a message titled "Support" from "Yomailer" Stating that if I send .02 btc or .25eth to the address this problem can be solved by the technical staff.. Just a shame they asked for .02 and .25 otherwise I probably would have fell for that, not realizing you can PM anyone on yobit once you have there user name which is visible in that image. I find it almost unbelievable that your message for help was converted to that automatically. Even though Yobit is pretty much a verified scam site, I'd still ask for more testimonials of the same thing happening. It makes sense though, they don't want people to know about their problems in chat to increase their public image(if you're telling the truth, of course), so they make up an excuse to ban someone automatically. Don't send anyone money to solve an issue, whether it's to unban or to process one of your transactions. Firstly you should get their best service for free since you're paying them in commissions anyways, secondly it's most likely a scammer trying to impersonate yobit support. |
|
|
|
Sorry if I'm mistaken, TA is not my forte, but you did not state what the current Mayer multiple is?
The theory is that anything under 1 is oversold and anything over 1 is overbought, would that not mean then that with an average of 1.47 that bitcoin has historically been very overbought?
I guess that I assumed that many here would have heard of the Mayer Multiple. You can do a search for Trace Mayer who has been a BTC advocate for quite some time. (At the start of his podcast Bitcoin Knowledge, it states he was purchasing when it was .25) What he is doing is just taking the price of BTC and comparing it to the price of the 200 day moving average. Based on the history of BTC, the average is 1.47. He finds potential buying opportunities when the price is lower than 1 which is was on Feb 6th. It has been as high as 8.2, once. There is a chart with all of the data on a excel spreadsheet on the investor podcast website. You can do a search for it. There are color codes next to the ratios where green is a potential buy and orange/red is overbought and a sell. If the price is a little over 1.47, it does not mean that it is overbought. It is just trading higher than the average historical price based on the 200 dma. I think the reason the Mayer Multiple is above 1 (at 1.47) is because we have primarily seen the price appreciating over the long term. It would be interesting to see what the Mayer multiple was during the period between 2014 and 2016. After reaching the $20k peak in December 2017, we might be in for a long period of stagnant / low growth. Yep. Since bitcoin isn't inflationary in nature, in fact potentially deflationary as an asset, and that the adopters are only going to increase over time and the fact that we have experienced multiple big pumps over the past few years, there is no surprise in that average being so high(if it's calculated by the relation of current price and 200 day moving averages). 1.23 seems like a very fair point to buy BTC, although you do have to take into account that 2017, especially the latter part of it, could be a historical anomaly and the moving average was artificially high. Regardless of this excellent piece of TA, bitcoin seems to be extremely attractive to buy right now. We have found a bottom at around $9-10k that will recover every time it hits, and we're not that far up yet. Could be profitable to accumulate now if you have the patience to hold for a few months and wait for the best opportunity. |
|
|
|
I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .
Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.
$4k is still possible. Nobody says that it's not. 2018 is still relatively bearish when compared to 2017. We're seeing some small pumps here and there and pretty solid recoveries after dumps such as the one we saw just a few days ago (and now we're over $10k once again). The fact that pumps are not as big as last year definitely has a mental impact on traders, especially the inexperienced ones. That's why I think there is a POTENTIAL but not guarantee of price going to $4k. However, if it does happen then it's going to be temporary. Probably going to last a few months at worst and then make a recovery back up to $8-9k. I would recommend starting to accumulate BTC at anything below $12k. |
|
|
|
Upon investigation, alia == favours via IP evidence and a now-deleted mistaken bump of one of alia's threads. Info in favours' posts disproves alia's claimed identity.
My neutral rating was intended only as a statement of fact. alia was verified on /r/GirlsGoneBitcoin. Here are the GirlsGoneBitcoin verification procedures: https://www.reddit.com/r/GirlsGoneBitcoin/wiki/verification . It's intended to verify that the user is not just giving out random images found online and calling them their own, not to actually verify their identity. The person in the verification photos is definitely female, and is extremely unlikely to be 15. Furthermore, alia has had a number of customers for her camgirl stuff on this forum who were apparently mostly satisfied. Therefore, it is most likely that the person behind the alia account was hiring a camgirl to do their camgirl-related work. Alia was immediately on my radar when they appeared out of nowhere with a clever way to get a trust rating (even neutral) from me. And then they went on to invade every forum trading industry. I was hoping that it was just an impressively ambitious person, but as I kind of feared, I guess it was a setup for a long con or something. Not surprisingly. I have long suspected that alia = favours because of a gut feeling, but didn't have the evidence to build a case. https://bitcointalk.org/index.php?topic=1924604.msg19096078#msg19096078 -> Favours offering a gambling service. Alia was offering the exact same service, and both act in the same manner completely. I asked in Skype whether she would be able to do a live stream for the gambling service that supposedly "she doesn't lose, ever", and the first response was no, and said that she may be able to do it tomorrow but I was apparently still able to deposit funds with her. I asked her the day after with no response when I asked whether she was available for video. Also, favours' only merit was sent to alia's post for no reason: https://bitcointalk.org/index.php?action=merit;u=974658. Hopefully nobody got scammed by his gambling service.. |
|
|
|
The fact that price lacks the momentum to decline further after the bounce starting from the support at $9,200 indicates that price will remain in an oscillating move pattern within the range from $9,200 to $10,000 in the short term. Since price fails to dip below the support at $9,200 in the past 2 sessions, support at $9,200 is effective, meaning that price will mainly focus on a small-range bounce in the next session with weak strength. Feel free to leave your comments below See more news here: https://www.aicoin.comBitcoin seems to have a solid support level at $9k. Today we tested $10k and went straight through. Price shot upwards of $10.7k as we speak. I don't think that we're going to be firmly above water in terms of $10k yet. Especially with such a drastic change of 12 percentage points, I personally expect a correction down to the $10k region once this bull run is over, and for it to move sideways and consolidate until the next pump comes around. |
|
|
|
Thank you for the feedback.
The issue with just posting a bitcoin address is that the fundraiser has no way of knowing who is giving them a gift or what amount/transaction is associated with each person giving them a gift. With Bitfundify, the fundraiser receives a notification of each gift pledge and can see a list of funders on their personal fund page.
Right now, transactions are processed off-line, directly between the two parties. Payment instructions are sent via email.
Once there is more clarity on some regulations, the site may include credit card processing and other automated payment services.
Ah, I understand. So there are no third parties, right? So you are just providing a platform for keeping track of who has donated, and payments are actually directly sent to the person conducting the fundraiser on your site without you ever touching the funds? Makes sense. But I still don't see much potential in your site if you don't add some meaningfulness by adding credit card payments via a third party provider, because not everyone invited will have bitcoin to donate and not everyone will be abel to go through the hassle of buying BTC. If you can do that, then there is definitely potential here. |
|
|
|
That's how I feel also... If there was no bonus involved then they should pay the OP their winnings. But to keep their deposits is alright thievery. What's to stop this casino was doing this to anyone they choose and steal everything from them?
Yep, if no bonuses are involved then there is literally nothing for FortuneJack to lose by refunding these deposits... Yes, if someone from the dorm has claimed the bonus but Op did not, it's still the same thing. In other words, the terms of FJ has been broken and they have the right to block the accounts.
It will be a tough case for op and Fj to solve and I'm also wondering how OP will prove all this out to make himself innocent. I hope the amount is not big enough and op can digest the consequences.
Well, yeah. He will needs to prove that he indeed was using a public PC to do this and he had dormmates that also used FortuneJack. It'll be a tough story to tell to FortuneJack support especially if they do not have the direct power to act upon this case. I don't know how this can be resolved, it'll be all luck based honestly. FJ conditions are obviously in favor for themselves and not the users, and they do not tell you until your account actually gets blocked. Another reason not to gamble on public computers, and always skim through the terms. |
|
|
|
I think you are getting me wrong somehow.
I need funds in Neteller. And I am giving my BTC as collateral
I understand. However I said before in my post that you’re unlikely to find a lender who is willing to deal with neteller due to its fees and potential ability to chargeback transactions. Also it’s reltively unpopular. What I’m saying is that I can offer you a bitcoin loan in which everything is pegged to fiat. You’re giving bitcoin as collateral and in the process of doing that you’re essentially going long on bitcoin and shorting fiat. You can do whatever you want with the loan, aka you can buy neteller funds or whatnot. But I can only send and receive the loan in bitcoin. Anything you don’t understand still? Hey Magneto, I understood your point now. I have plenty of funds in BTC. There is no point of taking BTC loan since I have , I got your point on going long on BTC, But at the time of return I need to return you in BTC with intersted. So whats the benefit here? How can I short Fiat, if I am paying interest in BTC to get back my BTC ? best regards If you just want neteller funds then just exchange that your BTC to neteller. You're going long with BTC because I'm fixing the loan repayment in USD. So we're just using bitcoin as a payment gateway, if you like. You're not going to be repay in bitcoin terms but in fiat terms at the current spot rate. So if BTC goes up to $20k, you will only need to pay $550/20000 instead of $550/10500 which is the current spot rate. But if you just want neteller and not an arrangement like this because you actually need neteller funds and is not going long on BTC, then just go with an exchanger such as sardasa. |
|
|
|
I think you are getting me wrong somehow.
I need funds in Neteller. And I am giving my BTC as collateral
I understand. However I said before in my post that you’re unlikely to find a lender who is willing to deal with neteller due to its fees and potential ability to chargeback transactions. Also it’s reltively unpopular. What I’m saying is that I can offer you a bitcoin loan in which everything is pegged to fiat. You’re giving bitcoin as collateral and in the process of doing that you’re essentially going long on bitcoin and shorting fiat. You can do whatever you want with the loan, aka you can buy neteller funds or whatnot. But I can only send and receive the loan in bitcoin. Anything you don’t understand still? |
|
|
|
The thing is that people dont feel like it’s worth it to deal with neteller.
Even though you are offering sufficient amount of collateral the reward in this case for the lender is just way too little. Pretty sure that the transfer fees with neteller is something along the lines of 2% per transaction. If you deduct that two times from the interest, there is really only around 4% interest.
I’d be interested in filling this if you can offer 10% flat rate interest over 60 days, with transactions kept on the btc network except the loan is pegged to usd.
Let me know if you’re interested in this proposal.
Hey magneto, Thank you for your reply. Do you meant the following? - 10% interest for $500 = $50 - 60 days term - interest paid weekly Let me know, regards No, what I mean is that we’ll keep everything in bitcoin. The loan amount and repayment however, is pegged to USD and you won’t be affected by fluctuations in bitcoin pricing. So for example at current prices if I send you $500 worth of btc, you will need to pay back $550 worth of btc at spot price within 60 days. You can buy neteller funds with the btc that you get or whatever but repayment has to be in btc as well. Escrow will be used to hold collateral. Interest and principal will be rapid in one at the end of the 60 day loan term. Lmk |
|
|
|
Doing another loan .0175 for .0215 back by Wednesday 2/28 to 1LSyFTwD1AK91noaC74YGCPh9u93wBAmMR
Thanks
As discussed in private, loan has been lowered to 0.0169 BTC for 0.021 BTC repayment since BTC went up and I had my BTC in a hedge account. Please confirm that this is the case by quoting my message, thanks. EDIT: Loan has been funded. TXID can be viewed here: https://blockchain.info/tx/3b2ba5f03710544661a85a2e558131119c3ceaa146a3fd401ae1026e55202cb0Please repay by Wednesday ET to 1PpC85nn2JxTDxfN8E1fnqQS4GWqSK7XWC(same address as last time). Also for reference last loan was repaid early. Thanks! Doing another loan .0175 for .0215 back by Wednesday 2/28 to 1LSyFTwD1AK91noaC74YGCPh9u93wBAmMR
Thanks
As discussed in private, loan has been lowered to 0.0169 BTC for 0.021 BTC repayment since BTC went up and I had my BTC in a hedge account. Please confirm that this is the case by quoting my message, thanks. Confirmed |
|
|
|
I am a new user of this, still learning on how it works and not sure how to start buying.
Now, just after the drop, will be a good time?
Expect some panic dumps after bitcoin price continues to stay under $10k. Buying some now isn't really about what the price is. It's more about what your personal strategy is. I would recommend doing some dollar cost averaging when buying coins, aka buying in equal chunks regardless of the price, as long as the price is below $9-10k. That way, you're not getting the best deal, but at least you're not getting the worst either. It's a good strategy to start buying coins for the long term. If you're speculating short term, buy when prices drop to $8-8.5k and buy there, wait for the recovery back up to $10k+ and go from there. Just my opinion though. |
|
|
|
“As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of $2,161 and $687 respectively. To value BTC as a currency, we estimated its utilisation for both legal, retail transaction payments, as well as payments in the black market. After significant testing, we calculated the price of BTC to be $1,780.”
‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility https://btcmanager.com/quinlan-associates-bitcoin-price-will-crash-1800-2018/Who are these people? I’ve never heard of them before. I've never heard of them either. But it's opinionated nonetheless. What they are saying could make sense. A crypto bloodbath could happen this year since usually the performance of bitcoin is very poor after a year of huge pumps, such as last year. Just like 2014 was pretty much only doom and gloom. And what they are saying about the rebound when market matures again and halving cycle comes round again is true as well. The only thing I disagree with is the pricing. $1.8k is way too low. I'd say $4k is the rock bottom for this year, and it may not be hit for the entire year. |
|
|
|
The writer raised some great concerns. I don't think the assumption that Bitcoin will outright replace fiat is correct though. There are, and always will be advantages in using fiat over Bitcoin, even once most of Bitcoin's issues have been addressed. I also want to note that Satoshi never mentioned wanting to replace fiat with Bitcoin; he simply wanted a peer-to-peer electronic cash system that foregoes the need for middlemen to process payments.
At best, I'd say Bitcoin will exist alongside fiat as an alternative, just like there will always be altcoins that serve as alternatives to Bitcoin. Mass adoption shouldn't have to mean erase all competitors.
Agreed. Although there is a chance that bitcoin becomes the single most dominant global currency around the world, it is unlikely to think that governments will cease to exist or central banks will cease to develop their national fiat currency. Even if it means that it's in crypto such as in Venezuela and Russia's case(it's not decentralized since if governments issue it, it's still up to them to control it). Bitcoin is more of a store of value and medium of exchange without any need for third parties. Adoption is strictly voluntary but looking at the price growth in the past few years we can see a lot of people putting their confidence into bitcoin for sure. |
|
|
|
I think that the first option seems likely to me. Bitcoin has been under $10k for a few days now and the $10k support seems very far away at this point. Really depends on whether $9k decides to hold up or not. If it doesn't then prepare for a bear market and panic dumping people. Similar to January, but definitely not going to be down to $6000. Most likely the minimum we'll see during this bearish market will be around $7.5-8k. Or we could consolidate at $9k or so and then make our way up to 5 figures again. Which I think has almost an even chance of happening. |
|
|
|
Hey,
Can anyone explain to me why there is a such a dump just now? I don't see any big reasons why this is happening. I thought we were on the up. I bought in very recently, so i'm starting to get a bit nervous. Trying to hold fast!
Well guess what... It's not going to be all the way uphill for bitcoin. Sometimes bitcoin does go down, and it does so because of natural volatility in the market. There is no news this time. Not a single government coming out and saying that bitcoin is going to be banished in their country or whatever. It's just that people are selling because they've got enough profit and feel like this bull market needs a temporary rest and consolidation. Nothing else to it than that, really. And that sell off has led to others to sell off theirs as well. Just that simple. |
|
|
|
One of the biggest reasons that I love the idea of BTC and crypto in general is because I hate the unpredictability and inflationary nature of fiat money supply. If it were up to me, we would get rid of the US Federal Reserve and go back to a gold standard or completely adopt crypto. But one of the other big reasons that people seem to gravitate towards crypto is the hatred of big banks. I'm wondering why that is. I use Chase and I never have to pay any fees to wire money, move money around my accounts. Yeah, the bank pays out only tiny bits of interest but I don't feel like I'm getting robbed by these banks in any way. When I need to transfer money, I use PayPal, when I have to buy stuff I use my credit card and I get points for it. I just don't see why this community has this hatred towards big banks so I'd love to understand some of the reasons people have.
Well, the thing is the process of transferring money to other countries is extremely difficult. And that's what bitcoin essentially aims to curb. There are no borders with international remittances and you sending bitcoins to other countries consists of the exact same process as transferring bitcoins to someone in front of you, with the exact same fees. Plus, there are no cases of frozen accounts, or suspended accounts. It's not rare to see crypto transactions being flagged by banks that later on suspend these users accounts. Bitcoin is just more simple to use and probably more efficient as well. Plus it doesn't involve fiat, which is a huge plus. |
|
|
|
Hello,
This is my first post here in Lending sub - section. I need some Neteller Funds- $500
- 1% interest weekly
- BTC will be given as Collateral.
- 60 days Loan - If I can pay early, We settle it early - with 5% early settlement fees.
- Will deal through trusted escrow provider.
Best regards
The thing is that people dont feel like it’s worth it to deal with neteller. Even though you are offering sufficient amount of collateral the reward in this case for the lender is just way too little. Pretty sure that the transfer fees with neteller is something along the lines of 2% per transaction. If you deduct that two times from the interest, there is really only around 4% interest. I’d be interested in filling this if you can offer 10% flat rate interest over 60 days, with transactions kept on the btc network except the loan is pegged to usd. Let me know if you’re interested in this proposal. |
|
|
|
Doing another loan .0175 for .0215 back by Wednesday 2/28 to 1LSyFTwD1AK91noaC74YGCPh9u93wBAmMR
Thanks
Confirming that previous loan has repaid in full. Thanks for the early repayment. Give me a second while I send this current loan request out from my wallet. Will do so within an hour and post the txid here. Sent, you can check the txid here: https://blockchain.info/tx/603b9e6ec52c09ebdbcc3d935755fba3e2023e4fd312616371058a1ae26cf139. Please repay by Wednesday ET. Please repay to a new address: 1PpC85nn2JxTDxfN8E1fnqQS4GWqSK7XWC this time. Thanks! |
|
|
|
|
Show Posts
