DEXex are gradually coming up to fill the gap for high fee, but at the moment, traders and investors alike will still continue to patronize centralized exchanges for some reasons, which decentralized exchanges cannot for now fulfill. Coinbase has high traffic caused by traders and investors on their exchange, so it is likely that they would have generated such huge amount of money.
There are too many Dex's and all of them have very low liquidity - you can place an order and wait a week for it to be filled. Rationally some Dex's ought to close and the remaining ought to consolidate, but that doesn't seem to be happening. |
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i was waiting for doge to go under 20 - ouch it never happened
wanted to buy at 17 and sell at 70 but seems like it started the rally now
doge is always a sign before other alts rally
I like dogecoin simply because it is the cheapest coin in the market which can be trusted in the long run, if you are able to invest your money in dogecoin during the bear market and wait for the market to completely recover you can multiply your portfolio ten fold if the market goes that high, so basically it is a poor mans coin and sure the altcoin rally begins with dogecoin rally. You're right but I would add DOGE is very stable most of the time. So it's a pretty sure investment. Now it is still at 28 sats and it doesnt want to go down more. I have an order at 26sats, but I think I will have to wait more. Doge is particularly stable in dollar terms. It ranges from about $000235 to $0.0028, no matter what is happening to the rest of the crypto space. |
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if at the end of the year there is a pump, maybe Litecoin will be one of the altcoins that will experience a high increase. After halving Litecoin yesterday, LTC has not yet increased in price, but there are still many people who believe in this coin. So it means if there is a pump, there will be many people who will go back to buy LTC because ltc looks profitable.
I don't expect Litecoin's price to go up much from now till the end of the year. Litecoin has had its time. Thanks to the Litcoin block reward halving event that took place on Aug. 5, 2019, It reached a high of about $141. And there's no any "big" news about Litecoin coming soon. The only big cap with pending mega updates are ETH, Bitcoin and TRX. The price might increase though. But I don't think It'll be much. Say a $5 increase. It doesn't really need any big news. It just needs to start to be used more and more and it will automatically start to gain in value. If you look at coins like Ethereum - it gained valued because it had a unique use case - people had to buy it in order to invest in the smart contracts built on top of it. Litecoin just needs to find a use case of that kind. |
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The claim is already being refuted: https://www.newsbtc.com/2019/11/04/bitcoin-all-time-high-organic-not-single-whale-manipulation-says-vaneck-analyst/However, Gabor Gurbacs, an analyst at fund management firm VanEck, refutes the study. He alleges that those behind it do not understand the Bitcoin market structure. Instead, he believes that no such manipulation took place and the epic price run that took Bitcoin just short of $20,000 was “organic”. In late 2017, the mainstream media was going nuts for bitcoin, and the google searches for bitcoin also went crazy - indicating that a lot of ordinary people were interested. Coinbase had a huge surge of people opening accounts, as did the other exchanges - and all that interest is likely to be what pushed bitcoin from around $10,000 to $20,000 |
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Of course not. Most of those debts are denominated in yuan or dollars, and they would need to earn yuan or dollars to pay them off. Most Chinese have no way of earning bitcoin in order to convert it to yuan or dollars to pay their debts off. |
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i haven't really been following Dogecoin but if this is true and it is no longer being developed then it means that the project is dead and abandoned by everyone.
otherwise when you see new versions of the wallet released and you have to upgrade it means the developers are still improving the project. in other words regular upgrades is a good sign.
for example think of any other project, windows, Ubuntu, browsers like Firefox,... they are all constantly releasing new updates because their projects are being actively developed.
Constantly tinkering with something that works can break it. A currency is different to something like a web browser or an operating system. Those things are services. A currency is a means of exchange and a store of value. If you constantly "improve" a coin - arbitarily changing say the amount in issue, the inflation rate and so on, you destroy trust in it because no-one knows what the rules are. Why would you invest in something where the rules governing it may change in the future? Bitcoin doesn't change much either - and that's a good thing. Imagine if you had activist developers who changed the amount of coins issued per block constantly because they thought it was "development" or "improvement"!!!!! Part of what destroyed the dollar is people arbitarily deciding to do QE and print loads of it. Thus devaluing the dollars of people who already held them. |
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[quote iauthor=audaciousbeing link=topic=5197526.msg52980281#msg52980281 date=1572879524]
The margin here is something an Argentina citizen can take advantage of or contact a friend outside Argentina to make a deal and since bitcoin breaks the barrier that comes with location or nationality, it becomes super easy to carry out such transaction.
[/quote]
If it was that easy to do, the premium would have disappeared already. In most markets pricing anomalies are eliminated within days by speculators taking advantage of the arbitrage opportunity.
If a premium persists it's because it's too difficult to take advantage of it. In this case the person outside Argentina buys the bitcoin, sends it to the Argentinian who then sells it for dollars at a premium - but cannot withdraw more than $100. So it only works on really small amounts.
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Dont you guys think its kinda funny though for people in economically volatile countries to try to find stability using such a volatile currency like BTC?...At least if they convert it to tether or something.
Whats cooler to me is the fact that its a world currency and it can benefit people in countries where the value of their money is really low compared to the USD or EUR. People in less developed countries can work online for higher wages paid in crypto.
Tether may be worthless if the investigations into it prove they have no reserves. Bitcoin is way more valuable because you can exchange it for real dollars, rather than the fake dollar that is Tether. |
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It won't have any effect. "Blockchain" is just a buzzword being used by politicians, leaders and start-ups to burnish their tech credentials. The essentials for a successful cryptocurrency are a) can you trust it and b) is it liquid enough for you to be able to either use it in commerce or cash out into fiat to pay bills. I doubt anyone outside China will trust a coin issued by the Chinese govt and I doubt such a coin would get listed on western exchanges. |
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Of course, when a particular bank is creating their own coin, it is completely centralized.
That's how they can fully control its distribution.
But the thought that banks are creating their own crypto coin, means a lot already.
It translates to the fact that they do believe the advantages of blockchain technology to improve their system.
It's expensive for banks to create their own currencies - and there is the problem getting people to adopt their proprietary currency rather than other decentralised currencies. I think what will happen is that banks will use existing cryptocurrencies and even mine existing cryptocurrencies. They'll use whatever has maximum adoption - remember banks make their money on fees and on lending - it doesn't matter too much to them what currency they're using. |
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I wonder why traders on those argentinian exchange don't just switch to internation exchanges like Binance. If bitcoin is trading at a premium of $10k++ when it's only around ~$9k+ on the global market, why buy premium? I think arbitrage can't be done if they're limiting exchanges users to argentinians but on the flip side why don't they just buy cheaper from global markets.  Because Binance doesn't accept the argentinian peso. They'd have to somehow buy dollars FIRST before using Binance. And the problem in Argentina is that you can't get hold of dollars. |
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dogecoin is real a part of altcoin that has very high popularity ,meme are basically but dogecoin is very popular with all people who do not want this altcoin to disappear from trading ,so that some defenses will always be at the lowest price of dogecoin
we never guess doge coin could survive meanwhile much coins that launched in same time die now.doge now be an alternative coins that often used to send in other exchanges due its fee relatively low if compared with other coins.and maybe doge coin included in altcoin that its price stable.traders never thinking its history when it launched in first time. No one actually expected for dogecoin to last until today. It actually makes me wonder what makes dogecoin to keep being alive until now. slow improvements, developments, etc. Dogecoin is one of the oldest coins, and we have never seen any price changes. There are still a lot of holders of dogecoin, I think they are still waiting if the bull run will influence its price. It's convenient and easy to use. The lack of development is actually a plus - it means exchanges (and users) don't have to constantly upgrade their wallets. It's a case of "install it once and you are good to go". Super low fees for moving doge, quick confirmations. There is no problem with the mining as it is merge mined with litecoin. It's listed on most exchanges, so if you are moving money from one end of the world to the other, it's easy. Doge is also not volatile - the price hovers between $0.0023 and $0.0027 and has maintained this for years. That makes it good to use as a hedge against bitcoin volatility. |
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I noticed that there are quite a number of crypto-powered social media popping out in recent years. I believe the most successful one is Steemit, which most of us can agreed on. There are also other social network platforms like Appics, Uhive and etc. I am curious to know if anyone of you is willing to switch from the daily social network app like Facebook, Twitter and Instagram to crypto-powered social network. And if you could, do share your reasons for doing so.
It's one of the few ways of earning cryptocurrency - and if you are in say Venezuela or the Philippines, then these kind of sites are useful. However, most of them don't take the next step which is to build an ecommerce network around them where people can spend the coins they earn. Hopefully one of these sites will end up doing it. |
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Here is an interesting article about why cryptocurrency hasn't been adopted more: https://dashnews.org/why-buying-coffee-with-bitcoin-wont-get-cryptocurreny-mass-adoption/Now, using cryptocurrencies such as payments, and particularly Dash, does improve the payment experience from higher security to lower fees, and eventually the superior money and payment system will prove more attractive than legacy options. However, in the interim the difference between the two experiences is simply not great enough to provide a compelling reason to switch, and in many cases can provide disincentives due to the additional effort and costs associated with acquiring and offloading cryptocurrency.
What is needed for cryptocurrencies to build real adoption and regular economic use is to identify strong deficiencies in the current economic system and target them aggressively. These can be any of the situations where the paying experience is poor, from high-chargeback and expensive fee industries such as online gaming and remittances to areas with currency problems such as hyperinflation-plagued nations in South America, Africa and elsewhere. In these areas, there exists a significant enough gap between the experience of paying with fiat currency and legacy systems and using cryptocurrency to warrant a change.
However, a compelling use case alone isn’t enough. An industrious entrepreneur must find a way to turn an opportunity to use this particular tool into an all-in-one product that’s easily accessible to the targeted customer. For example, taking the use case of remittances, a potential user must be able to acquire and send funds via cryptocurrency cheaply and easily, with a one-stop shop approach where they can visit a single vendor and be walked through the entire process without complications. Distilling the rather complicated process of buying, sending, receiving, and selling digital funds all into a neat, easy to understand, and cost-effective user flow is a tricky business, and in particular may require the creation of specific liquidity providers and other tools to facilitate this process. But make no mistake, it’s necessary to make this whole adoption thing work. In the early days bitcoin was used for gambling - but this has stalled, in part because wallets like the one operated by Coinbase close you down if you transfer your coins to a gambling website. |
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I dont know where you learned this but is very wrong. China is peoples republic. Ruled by its citizens. It is not a dictatorship. How much capital have influence on government I have no ideas. But for sure much less then in most other countries.
China is not only a dictatorship, but it is going BACKWARDS. Prior to 2012, at least the President changed every ten years, as mandated by the Senior Communist Party Politburo. Now Xi Jingping is president for life and anyone who criticises him ends up in a concentration camp. The repression is having an effect on China's economy - people are too scared to take risks and don't know what will land them in trouble, so they're keeping their heads down. That's fine for surviving in a dictatorship, but not great for promoting progress and growth. |
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Who is right? Devs or users?
I'm new to Lisk. Thought about investing as I like the idea behind it and as its price is super low. But the more I read about it, the more doubts I have.
Users of course. Developers are like cheer leaders hyping their coin so the price rises and they can cash out. But the long term success of a coin depends on the users. Do they find it useful, do they use it for commerce, are the daily transactions growing, do they feel it is a store of value. |
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In the end, nothing goes above dollar bills in countries amidst financial chaos. Bitcoin is a great option if you want to secure a part of your wealth, but too much exposure isn't something I would recommend because you want stability, not volatility. The benefit of the dollar is that it is stable and you can spend it pretty easily because there is plenty of demand from local folks and businesses to accept it.
Bitcoin has never really been stress tested in such scenario, hence the reason for me to not follow the herd and say it will help a lot of people. I don't think it will at this stage.
True - but bitcoin is attractive in places here dollar bills are scarce. And dollars are scare in many developing countries. To get hold them, they need to sell goods in return for dollars and that's not easy given the global competition. So changing your local currency into bitcoin is easier. You can then change the bitcoin into dollars at a later date. |
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Basic attention token also allows to tip content creators. But it offers much more than Dogecoin (e.g. a new advertising system).
What do you guys think? Can DOGE and BAT coexist (e.g. due to different user groups) or will BAT make DOGE obsolete?
Nothing can kill doge. That little coin has developed a life all it's own, independent of the original developers. It's going to be listed on Binance soon, and the daily transaction numbers are still healthy. |
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Wait, so you can only withdraw 100 dollars worth of physical cash? That's crazy...
They're trying to prevent capital flight (because capital flight tanks their currency even more and makes their dollar loans even harder to pay). Lots of countries have capital controls - for example China, which really shouldn't given they claim to be a superpower. |
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I would not be surprised if people were getting into Bitcoin so that they can buy USDT in those countries. Especially Hong Kong in this case. At least USDT doesn't really lose its value in comparison to Hong Kong Dollars. Bitcoin, however, may.
The Hong Kong dollar is pegged to the US dollar - so the people of Hong Kong have no use for tether. |
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