well keeping a dying shitcoin (ie. bcash) takes a lot of money. they need to throw man power, hashing power, money at exchanges for pumping purposes,... and it may not look it but all of these things cost a lot of money. and they have been doing it for over a year now and with bitcoin price declining their main source of revenue has also been decreasing so they didn't have as much money to cover those costs.
Too early to blame everything on BCH. That coin is getting so insignificant nowadays.. It pumped from 300 to 4000 dollars at one point. Somebody had to lead that pump and it probably was Bitmain that switched to mine it at that time. This was combined with Roger's smart move to call the original bitcoin "core" on his site and make their wallet the default when you visited bitcoin.com. They spent a lot of money and did a lot of dirty moves to pump BCH and in the end lost a lot of money. I'd be happy if Bitmain went bankrupt because of it but they won't. They will still be here next year. |
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Those people that doesn't have bitcoin make it hard for themselves to buy bitcoin, in reality buying bitcoin is an easy thing to do. There's a lot of method if they really wish to get even just one of it. Making bitcoin more approachable is a task that everyone can do.
They need to be educated first on what bitcoin really is. There's a lot of wrong information that circulates on the web telling on how bad bitcoin is. Telling people on how volatile it is will make them understand that this is the reason why it has no exact price.
How can someone who isn't interested in bitcoin and does not own any can make it hard for himself to buy? He doesn't care and he doesn't want it. I don't understand what you're trying to say here but from the looks of it it's really complicated  To make it approachable you have to make it easy to understand. People don't know how their banks work but they do know how to insert a card into a terminal. |
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I am using Coinbase just for the purpose of storing and I haven't had any problem so far, But I never had a chance in using Coinbase Pro I thought I can have a problem in using it so I'd used Binance instead, But after seeing this news I had a second thought of really using Coinbase, But in my perspective I think all Exchange have a hidden agenda and we as humans surely have something that might come up in violating their authority over something or someone which that is a decision we as human make, And If Coinbase would turn to be that way then I think there is karma that will punish them in the End,
People who used Cryptopia also haven't had any problems until the bitter end. I had some BCH on Coinbase because they lured me in by saying they will fork it for me and add SV to my balance but we all know how it went. There are much better exchanges with much less KYC. I went to Binance and were able to trade SV for BTC without having to fill any forms or give them my ID. It's a much better exchange than Coinbase. |
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I think it will be best way to promote crypto currencies
For many people with zero knowledge cryptocurrency is kind of fraud or even criminal
Now thanks FB coin they will most likely to learn what crypto currencies really is
And we will have yet another stable coin that time with use cases
If people see Bitcoin as a scam or money of the criminals they in fact have some knowledge. They had to get this idea from somewhere and didn't do the research. Instead they were pumped full of lies by negative media and they believed it. FB coin isn't progress. It's not a good way to promote cryptocurrencies. I doubt that it's even going to be a cryptocurrency. It's going to be a worthless token that fails and makes it look like all cryptocurrencies are useless and will die just like some shitcoins are dying every month. |
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What insider info? The fall at 20000 wasn't started by some news an insider could have. There were no negative news at the time. I also don't think that he sold exactly at 20000. In most exchanges the price never reached that price. On Bitstamp the peak was at 19600. The level where the price was just below the top at 18000 can also be considered top and I think most people who now way they sold at the top have in mind everything at and above 17000 dollars.
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Coinbase is becoming more and more centralized. They are trying to track users and support tokens that aren't even cryptocurrencies like XRP while denying people the right to claim some of their Bitcoin forks like BTG. It took months before they gave people BSV and they announced their support for the project before the fork.
My guess is they were trying to gather up as many people as possible to have as much BSV as possible and traded it for a month. They are doing the same thing with other forks.
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I used to have hopes for it but not anymore because they are deliberately taking their time and delaying it. It wasn't denied and there were no additional requests for paperwork or anything from the SEC. You really don't need more than a month to review a proposal and doing this for a year is a joke. Especially with the paychecks those commissioners are getting.
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No, it is not! I think Bitcoin's price should come under 3K USD to hit its bottom level! The crypto market is now pumping slightly but it is just a normal pump. We have seen these types of short pump and dump in every month. Anytime its price can come to 3100 USD or more lower. and it can go to 6100 USD too. By following the chart, personally I think BTC price will hit its bottom very soon, and then we can see a real pump in the crypto market!
I hope you do realize that if most people have the same idea that Bitcoin has to go below 3000 to reach the bottom and then it's pump time it will never happen. They will get ready with their money belo 3000 and then when it doesn't happen for a month they will move to 3000 then above 3000 and their buying will keep the price from going down. The market never does what most people want. If it did we'd have thousands of Bitcoin millionaires. |
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This market will probably end in double bottom so we will go back to 3000 but won't go lower. Usually bear markets have an extended period of sideways trading and we are probably in this moment. If you're looking to buy lower you probably will have a chance but you won't make a lot on it. How much lower can we go? 10%? If that's a lot to you and worth waiting you're free to do it. I'm holding because I don't have time to wait for a lower bottom for weeks or months.
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If I had USD and lived in the US I'd be worried. It's not a good idea to keep all your money in one currency even if it's the most popular currency in the world. It's not immune to crashes and inflation so it's a good idea to get an offshore account. It's even a better one to keep some of your money in a different currency like Euros or Pounds.
The point with higher interest rates is also very good.
Well let's just say I am rich and I have $50,000USD in a bank account. --I don't by the way, but theoretically... How are you going to split that $50 around? I'd be interested to hear what you think. Is there a $15,000 limit where the government starts watching? ? In the EU banks check and report to your tax authorities transfers of 10000 EUR. It differs in some countries. In Germany it's 12000 if the transaction is local. I would have to check foreign transactions but you can read about it in the banking regulations. If I wanted to split my USD I'd buy crypto, move it to a country where I have a foreign bank account and sell it on their local exchange. Then I'd move my money ffrom the exchange to my offshore bank account making sure there's less than 10000 EUR per transaction. |
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This must be the reason why he got angry at Bitcoin for stealing their clients. Ex paypal coo must be the EX for that reason. Maybe he finally was able to share his positive attitude when he was kicked out of the company. Maybe they have policies that forbid praising cryptos? Paypal is losing this battle. I'm sure CEO sees the numbers and knows where this is heading. It's not the fault of Bitcoin. It's the fault of Paypal's high fees. |
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Does any of you really believe Wozniak when he says he's in for the technology? He was in it for the money that's why he sold early when we went into the bear market and didn't buy back, even when we were scraping the bottom at 3000.
Wozniak is launching his own project with the money he got from trading. It's all to make more money not to make the financial sector decentralized.
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This means, that if Satoshi was an ordinary person instead of a government agent, he would've been found by now (even experts have been careless sometimes).
You're wrong about that. Ross was found only because he had a routine where he went to the same place every day at the same time and worked on his site. Satoshi was online when nobody cared and nobody was looking for him. Bitcoin was worthless at the time. When he disappeared it took months if not years before agencies and governments became involved. What if he died in one of the big disasters like the Philippines typhoon? |
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We are all in the same situation. Obscurity turns work into gambling. Our hope was increasing in the last increase, but its life lasted for a day or two. All the weak upward movements make it even closer to the bottom.  It's only been 2 hours since the massive dip occured. Now it has recovered about 68% up from where it fell down to... so I will just wait and see how the charts look tomorrow morning. PS/ I did reduce my sell points so that I will basically break-even. I'd be Cool with an Even Steven. On Bitstamp it's back to where it started. It's like it never happened. I guess some whale got tired of waiting and sold everything into the buy walls like a newbie. He was hoping to start something and failed. He must be proud of his achievement now but it was a good try. A point for his effort. |
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but sometimes that is not what we expected, we have done a lot of research and their ico is running well but after that they have very low value when listing on market and many of them sometimes don't pay bounty participants
So why don't you do something about it. If you're afraid of them not paying make sure you get guarantees. Ask them to get escrow and you'll be safe. Nothing will save you from low value of tokens. You can ask them to pay you in another cryptocurrency but then they'll lower the rates and you'll get much less. Your choice. |
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The boxes OP used are wrong. In the last bear market there was a visible reversal much earlier and you can see it in the red box. This bear market is already longer from the one in 2017. I'm not stressed at all. I'm still holding and the price would have to go back to 1000 for me to be on a loss. Or maybe I wouldn't be because I'm earning Bitcoins every week? |
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We can all see that governments did the math. If they are buying gold it means they are afraid many fiat currencies will be killed by inflation in the next decade. They need something to store their wealth in and be able to trade with other countries in a monetary crisis. What do you do as a government when nobody wants your fiat or when a bank that held a lot of your money goes bankrupt? You have an option of selling your companies and land or let people starve.
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If I had USD and lived in the US I'd be worried. It's not a good idea to keep all your money in one currency even if it's the most popular currency in the world. It's not immune to crashes and inflation so it's a good idea to get an offshore account. It's even a better one to keep some of your money in a different currency like Euros or Pounds.
The point with higher interest rates is also very good.
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The most important factor is the number of exchanged coins. Not many coins are sold on exchanges and it's usually the same coins. Take total supply and subtract lost and abandoned coins, coins traded OTC, coins owned by hodlers, and you're left with 50% or less. The price is based on that amount. If somebody sells 10 thousand coins on exchange there's not enough liquidity for it not to start a cascade and panic and this isn't a big part of total supply. It shouldn't move the price that much.
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First you must establish, what do you want to do? Speculate or Invest?
For each of these options there are different ways of operating.
If you decide on what temporary you want to get benefits, you can give me an idea
Because for the money figures you want to take, I can not understand yet ...
This is good advice. You need to know your goals. If you want to have more fiat fast, more fiat and you don't care if it takes a year or two, or more cryptocurrency because you're a believer. I am holding now and I intend to still hold if we go to 10000 dollars. We were at 20 thousand when many people didn't even hear about Bitcoin and in some countries only 1% of people have cryptocurrencies. We can do much better. |
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