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china has never banned btc before....ever.
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BTC is going to get very expensive in CNY
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with this sort of dip, I see the possibility of a 10K in the near future
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Dividing the money of the investors is really a difficult thing with bitcoin rising.
They are growing and so is the money needed by them through their ICO's but it will be the investors choice and we cant stop that.
Remember bitcoin is a free money and we might as well be free too when it comes to choices to what we want to invest with.
If bitcoin will really rise to a price that is almost at the moon, then it shall be.
Bitcoin is not free money you had to spend time investing it and securing it, and understanding that, its not insignificant. |
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If you had x% of the whole market cap in 2013 peak, and just held BTC, you would now have captured a fraction of the growth if you diversified into some alts, true knowing the ones to pick is the issue but as a whole the alts are really pulling the growth multiples out of BTC....how do you all feel about this?
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Ha ha. They have a very good idea about how Bitcoin works and how banks work. It is in their interest to keep up the fud and scare common people away from Bitcoin. I see no other reason why statements like this should be made. That guy is just looking for some attention and since Bitcoin is relatively new any statement like that and when coming from a trader of a good bank will certainly attract some space and attention. But the big question is this: How authoritative he is on Bitcoin? It has been a fashionable these days to talk about Bitcoin and then say anything about it even if the knowledge the person got is just some dust lying around (and ready to be blown away). We should be listening with people who got the knowledge and the expertise on Bitcoin and not just another guy waving his hands as if lacking some attention. Now, that he got the attention he needed, I am sure it is time for him to just shut up and do whatever job assigned to him. Not even the whole of China can stop Bitcoin...that we should remember and this guy is just nothing. This is not a personal attack though since I was not privileged to know him on that level. Jamie Dimon is big in the world of finance. He doesn't need to trash talk Bitcoin and grab the headlines. He has also sounded a warning to his employees. They would be fired if they got involved in trading Bitcoin, not just because it is against the rules but because they are stupid. If Jamie Dimon "big in the world of finance" that's a cutting indictment on the world of finance. I mean how can he not know that fiat is always made out of thin air, and in fact via QE /FRB that's exactly what is going on. He demonstrates a total lack of understanding of money creation. Then again he probably can't wrap his head around the fact that no one ever made money in the stock market, your just swapping around amounts already in the fiat ledgers. Anyway...I have never heard of him, but I will tell you someone I have heard of ..... satoshi (who by the way by the shear force of his ideas) had his product had evaluated 1~2 million times or more since launch. which is .... 100, 000,000 % +. I would love to see Dimon's returns on his products as a ratio to bitcoin evaluation. I wonder if Dimons would even register? Here's a shout out to you Mr. Dimon, See you at 21T market cap, by which time your entire organization will be loose change for satoshi to buy |
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if 2x does not go ahead I have to begin to wonder if the accusation against core by BCH do not hold more water.
why would you not at least increase the block size a little. Tech has clearly increased since 2009. BCH has not collapsed technically or otherwise so it shows its feasible.
I wish BCH would activate segwit, so you can have LN and larger blocks, it may also finish the issue of once and for all.
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Ha ha. They have a very good idea about how Bitcoin works and how banks work. It is in their interest to keep up the fud and scare common people away from Bitcoin. I see no other reason why statements like this should be made. That guy is just looking for some attention and since Bitcoin is relatively new any statement like that and when coming from a trader of a good bank will certainly attract some space and attention. But the big question is this: How authoritative he is on Bitcoin? It has been a fashionable these days to talk about Bitcoin and then say anything about it even if the knowledge the person got is just some dust lying around (and ready to be blown away). We should be listening with people who got the knowledge and the expertise on Bitcoin and not just another guy waving his hands as if lacking some attention. Now, that he got the attention he needed, I am sure it is time for him to just shut up and do whatever job assigned to him. Not even the whole of China can stop Bitcoin...that we should remember and this guy is just nothing. This is not a personal attack though since I was not privileged to know him on that level. I am not takeing anything he says as authoritative, I am just amazed at the depth of his ignorance in all dimensions, asymptotically approaching infinity. [I hope they read this one out in his offices on Friday.] I mean do they even bother to read the white paper, do they know what the Byzantines generals problem is? Do they understand even a fraction of the implications of a decentralized ledger, and why old corporate structures cannot make blockchain work en masse (hint no one would trust their money with them). Do they realise what happens when you can instantiate a good part of government, law and the financial sector into code with no central actor needed? Can they not see their functions will be arbitraged to near zero. With his sort of ideas JP is going out of business within a few years as their zimbUSD goes to zero an BTC goes the 1M each, and everyone will only accept it a hard payment. |
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if it goes parabolic for too long, then I feel it makes take longer to recover in the longer term after the correction. This kind of dip or down, makes me think we have not see an all time high yet, and that the price has a higher floor.
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1 mil no worries but.......10 million will be the cost of a house.
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bitcoin probably can not technically die or be killed.
If you refer to price, well maybe, this would have some effect on alts, but cryptos as an invention 1 or more will take the majority of the market, maybe 5 of them?
And they will not "die".
I feel, the killer app of BTC is store of value, or more likely.....Access to the Blockspace. Without access to block space you maybe a sort of second class economic citizen or country.
Sovereign countries credit worthiness can easily be established by signing a transaction to show how many BTC they control, which then would make them a better credit risk.
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Not anymore, now each BTC cost 4k, that's a big risk.
not really its not that much different to buy 4k worth of btc at any point....I admit that there must be less up side in multiples of gains, but more in absolute gains. Eg bitcoins has already gone up 1 million times or more, However a 4k BTC today can easily be worth 100K in 5 years, theres 96K thank you very much. investing 4K in 2010 would be a huge risk, most people would have said no, never, don't throw your money away. |
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Ok so I am really impressed that despite the USA money grab and destruction of property rights it looks like btc-e is coming back. Truly they are the good guys.
So when I log in I can see all my funds....how do you withdraw...has anyone has success?
I am not sure I will withdraw as I want to support them, but i would like to know I could withdraw
As I understand it we take a 45% hair cut also I can not see the /refund page can anyone screen shot it an put it here? or copy paste the text?
Here is the text of the terms from the refund page. Can't seem to upload a screenshot at the moment: This page is made for an immediate return of funds for those who do not want to wait, or do not believe in us.
You can receive 55% of your funds immediately, without verification, provided by your consent to refuse to receive the other 45% of funds.
All funds will be returned in coins only. That is why if you had funds in fiat currencies (USD, RUR, EUR), first they will be converted into USD at the exchange rate of Central Bank of Russian Federation, after that USD will be converted into liquid coins(50% BTC, 25% LTC, 25% ETH) at the exchange rate of other cryptocurrency exchanges and returned to them. If you can't reach the refund page while logged in, that's very strange. It was not clear how long of a window users would have to take the refund (up until the 15th?), so hopefully you still have the ability. I'm tempted to log in when I get home to see what the deal is. There are reports of people receiving refunds over the past week or so. If you take the refund now, you will lose 45%. If you stay, supposedly you will receive > 55% in liquid funds and the rest in tradable debt tokens. do you know if we will have to verify after the 15th to withdraw funds? |
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Also Are they requiring ID verification after the 15th launch date for withdrawals?
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Ok so I am really impressed that despite the USA money grab and destruction of property rights it looks like btc-e is coming back. Truly they are the good guys.
So when I log in I can see all my funds....how do you withdraw...has anyone has success?
I am not sure I will withdraw as I want to support them, but i would like to know I could withdraw
As I understand it we take a 45% hair cut also I can not see the /refund page can anyone screen shot it an put it here? or copy paste the text?
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Regarding Bubbles, here is an interesting article: https://qz.com/1067557/robert-shiller-wrote-the-book-on-bubbles-he-says-the-best-example-right-now-is-bitcoin/Yale economics professor Robert Shiller won the Nobel prize for his work on bubbles. He wrote a seminal book on speculative manias, Irrational Exuberance, a deep analysis of the dramas over the centuries when otherwise sane people drove prices for tulips, stocks, and houses to inexplicable heights.
Shiller developed some of the tools that are considered vital for taking a sober look at markets. He helped create indexes for measuring real estate prices and his stock market valuation indicator, the cyclically adjusted price-earnings ratio, or CAPE ratio, is seen as one of the best forecasting models for stock returns.
As Shiller sees it, “big things happen if someone invents the right story and promulgates it.” Quartz spoke with him about some of the frothiest assets today, from bitcoin to tech stocks.
Quartz: What are the best examples now of irrational exuberance or speculative bubbles?
Shiller: The best example right now is bitcoin. And I think that has to do with the motivating quality of the bitcoin story. And I’ve seen it in my students at Yale. You start talking about bitcoin and they’re excited! And I think, what’s so exciting? You have to think like humanities people. What is this bitcoin story?
It starts with Satoshi Nakamoto—remember him? The mysterious figure who may or may not be real. He’s never been found. That has a nice mystery quality to it. And then he has this clever idea about encryption and blockchain and public ledgers, and somehow the idea is so powerful that governments can’t even stop it. You can’t regulate this. It kind of fits in with the angst of this time in history.
If you look at the third edition of Irrational Exuberance, I’m arguing that there’s a fundamental deep angst of our digitization and computers, that people wonder what their place is in this new world. What’s it going to be like in 10, 20, or 30 years, and will I have a job? Will I have anything?
Somehow bitcoin fits into that and it gives a sense of empowerment: I understand what’s happening! I can speculate and I can be rich from understanding this! That kind of is a solution to the fundamental angst.
So I’m trying to deconstruct the bitcoin story. Big things happen if someone invents the right story and promulgates it. People trying to looks at crpto tech / BTC as a stock or any preceding fin instrument. Wow no idea. Here a hint look at the uptake of new tech graphs......you don't see the mobile phone bubble "pop", or the connecting to the internet "pop", sure they get displaced eg VHS, CD, USB stick etc, but its not a "pop" or a bubble. Get back to me when MR. Shiller gets a grip on the byzantene generals problem and the implications of its solutions, for government and society, banks etc. Tulips could not function as government, contracts, be teleported, server as a permanent ledger etc etc etc. |
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feels dead cat bouncy.....i think another few days of 5~15% off would make it better in the long run.
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I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right? I'm not sure how it's all done. Please advise.
If you want to secure your bitcoins, the best way to do is store it in trusted wallets like coinbase. My bitcoins are in coinbase because I know that all of my bitcoins will become safe in coinbase. you cannot trust any service that is amenable to a writ. On any day your coins can be taken. Even if you only have the private key, when you log in to their service, they can fake the receiving address and you would unlikely know. They can key catch and more. |
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using any online service is unsafe, they can fake where you are sending coins to as once happened.
Air gapped computer, that signs transactions is your best bet.
I would never use trezor or other hardware solution, you cannot see their OS hardware.
open source air gaped
consider electrum....
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