I think a lot of people are using Bitcoin as a store of their wealth and not as a digital currency and that's why we are seeing such abnormal jumps in the price.
Yes - the consensus now is that bitcoin is an asset not a currency, and as a result it is behaving very similarly to gold. |
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Thanks. How can open-source code get over-written like that? Was there no peer review to make it robust? I thought the whole point of making code open source was that everyone could look at it and find flaws? |
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Can someone explain HOW Ether was hacked? Is this an exchange problem?
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So the DAO is getting drained as we speak. 150 million investment into crypto gone just like that.
So how will this effect the bitcoin price?
It won't help the bitcoin price. Bitcoin needs other coins to remain high and then sold into bitcoin. Also, any mention of hacking puts off members of the general public off all cryptos. |
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Read the news about Ethereum and DAO hack, all trade has stoped, plus network is being spammed to prevent further thefts.
What news - can you enlighten those of us who don't have any Ether or DAO? |
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At these prices a lot of people who bought in the 2014 pump will be sending coins to the exchanges to finally cash out. It is only once all those people have cleared, that a fresh run up can start.
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The bitcoin daily interest is just 0.0190% now. It is lowest for a few months. There are only 1800 bitcoins available .
The only time it is profitable to lend is when a pump is going on. At that point all the low rate loans get taken up, and the rates start to climb. |
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In theory, the higher the fees are paid, your transaction will have higher priority over the network.
Priority is based on the age of the inputs and the number of inputs. So if your output is made up of loads of small inputs, and the result is a big kilobyte transaction, you are going to struggle. People need to enable coin control, and only send the oldest coins. That way their priority increases. |
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http://seekingalpha.com/article/3982134-lowest-risk-way-make-killing-brexitThe Brexit vote is an extraordinary opportunity to make a huge sum of money. This also opens up the possibility of a huge loss if you bet on the wrong outcome though. At least that's what you would expect the risk/reward ratio to be in an efficient market.
There is a market, though, with significant Brexit exposure and a strongly lopsided risk/reward ratio. This market is young and so many of the inefficiencies have yet to be weeded out - making it easier to predict future price action. Specifically, the market is strongly momentum based.
This market is the Bitcoin (BTC) market. Considered to be a possible replacement for gold in the global economy, Bitcoin and gold prices are strongly correlated with both being seen as "safe haven" investments. Of course, the possibility of a Brexit has sent both higher and a "Leave" vote would lead to significantly higher re-pricing .
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I use Kraken, and withdraw to my Halifax account and have had no problems.
My advice - keep the withdrawals small (under £100) and infrequent (only once a week) to ensure you stay under the radar. It is a pain and means you can't withdraw lump sums, but it is safe.
I would open a second account with say Halifax and Barclays, so you can withdraw small amounts to each in turn. That way you won't trip any algorithms.
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A vote for Brexit is a vote against The New World Order!!!!!
Well it is a vote against Goldman Sachs and JP Morgan, both of whom are financing the Remain campaign. Has Big Money ever felt so vulnerable? |
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The answer is No.
From what we've seen the only people turning to bitcoin en masse are poor countries with high inflation (Argentina, Venezuela) or people in authoritarian countries where there is real danger of your govt confiscating savings e.g. China which doesn't even recognise the concept of private property in law apart from real estate.
Are Americans afraid their savings and land will be confiscated? No. Which means they have no incentive to use bitcoin. It is for the poor countries...
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this week i read 2 news same news 1. Bank of Tokyo-Mitsubishi says testing its own digital currency ( source) 2. Canada Has Been Experimenting With A Digital Fiat Currency ( source) so in future each country will have his own altcoin, what do you think about bitcoin ? bitcoin still be 1st crypto currency ? or the new altcoin from biggest country will replace it ? Both the UK (Bank of England) also started developing it's own crypto coin, and from what i heard more countries are behind them. There will come more countries but none of them will really succeed. They don't realize what the people want I don't think these countries are experimenting with digital fiat because they want to replace bitcoin. It is because they want people to be able to use cash online without dealing with a third party like VISA, which charges fees. Plus, the whole reason the banks were bailed out in 2008 was because they controlled the payment network - if you allowed the banks to fail, how would people receive their salaries, buy their groceries, pay their mortgages and taxes. However if you have digital fiat, you can do all of that on the blockchain, it won't fail because it is managed by the central bank's miners. Once they have digital fiat, they can safely allow banks to go bust without affecting commerce. That is what is behind this. Digital fiat isn't a threat to bitcoin any more than fiat is a threat to bitcoin. It is a threat to banks. |
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It is really hard to say because it changes from time to time. You need a coin with low difficulty (otherwise you need huge amounts to be able to stake), you need a coin that has a stable price - most POS coins are very volatile, apart from Peercoin. Then you need to look in to the minimum and maximum times to staking - for holders, coins with no max are great, but they are few and far between.
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You could try using Circle - they accept VISA credit or debit cards. Just note that the prices will be higher than on the standard exchanges. The same thing goes for localbitcoins - if you want to use cards to buy, you end up paying a bigger premium.
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If Walmart was willing to adopt Bitcoin, how greatly do you guys think this would impact the price of Bitcoin?
It would be huge, but it is never going to happen as long as bitcoin transaction fees keep rising. They want lower costs, not increasing costs. |
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Bitfinex, Kraken, Coinbase, Bitstamp all charge fees. It is too expensive to manipulate volume on those exchanges as every trade will cost you money.
The only exchanges where the volume may be suspect are the ones that don't charge fees - Huobi and the other Chinese ones. But some of their trade is definitely real.
This is nonsense - if the bots are run by the exchange then the fees "cost nothing" (as it is coming from their own profits). You can't trust *any* exchanges volume in Bitcoin (and never have been able to). People seem to confuse Bitcoin exchanges with things like regulated stock exchanges - a very naive thing to be doing. It depends on where they are based. In the western world, an exchange with that kind of volume and which is charging fees on every trade, is expected to show revenue in line with that and pay tax on the profits generated. There is no benefit in pretending you are making more than you really are because you only attract the attention of the taxman who wants his share. Tax authorities: keeping business from over stating revenue since the dawn of time. |
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I think Circle allowed you to attach VISA debit and credit cards to your account and pay for bitcoin that way - though I have heard reports of people having difficulties getting their cards accepted by Circle's algo system.
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Bitfinex, Kraken, Coinbase, Bitstamp all charge fees. It is too expensive to manipulate volume on those exchanges as every trade will cost you money.
The only exchanges where the volume may be suspect are the ones that don't charge fees - Huobi and the other Chinese ones. But some of their trade is definitely real.
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http://motherboard.vice.com/read/blockchain-of-love-someone-proposed-using-bitcoinThe only thing more uncomfortable for friends and close relations than filming your marriage proposal and putting it online is being really, really into bitcoin.
On Tuesday, somebody decided to go all-in on both of these modern horrors and became the latest person to propose using the bitcoin blockchain, the publicly viewable ledger that’s stored on every bitcoin user’s computer forever and ever.
This decision could have very easily ended up being nothing more than a permanent digital reminder of one of life’s more depressing failures, but thankfully for everyone involved she said yes, god help both of these people.
The initial message was added to the block reward (a handsome 25 bitcoins, or $17,182 USD by today’s price) sent to Chinese bitcoin company HaoBTC because they’d successfully “mined” a block of bitcoin transaction data and uploaded it to the blockchain. It read: “Sun Chun Yu: Zhuang Yuan, will you marry me?” The response, which came in the next block mined by HaoBTC, was: “Zhuang Yuan: YES!”
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