Out of curiosity did anyone get any funds back at all? Even any alts?
In the immediate aftermath of Mintpal closing and before Moolah was exposed as a scammer, Mintpal was open for some alts to be withdrawn, and I managed to withdraw some RDD and others. But BTC was not open for withdrawal - it was supposed to follow. Then Moolah got exposed and nothing more happened. So if you had BTC or Litecoin in there, you lost it. |
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It is a great development. Pretty much all these countries have to import coal or gas to generate electricty, so if they can generate via renewables, it should start to improve their trade deficits. Sucks for those countries who export coal or gas though.
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Google had some kind of sneaky spy shit that got urls from my browser that did not exist yet anywhere else. I'd create a page and mysteriously google would crawl it almost the moment it was created.
It's to do with the safe-browse feature on most browsers. It is owned by Google and basically everytime your browser tries to look up an url, it checks it against a database of urls, and if it is something it doesn't recognise, it crawls it to check. |
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Poloniex allows short selling only against bitcoin. You might want to try Kraken - they have ETH pairs against USD and EUR, and margin trading as well.
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In your opinion maybe. But others may disagree - if fees are too much when moving bitcoin, then the rational economic thing to do is to switch to an alt with a lower fee. It is the price mechanism at work. There is no monopoly in cryptocurrency, that is the beauty, instead there is plenty of choice. If there is a failure point in bitcoin, the market will simply move to the next best alt.
If you want to be a cheap person and need fees that are < 5 cents, sure. Otherwise, no. Besides, you probably pay a fee at converting so you lose out most of the benefit anyways. Altcoins are not even worth my time as a means of transfer. The only thing that could be useful are the rare features such as found in Monero (some of the anonymity). You are assuming that people only do one transaction a year - in which case 5 cents is indeed cheap. If you do thousands or tens of thousands of transactions (or millions like a normal business), then it becomes expensive. |
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People can always use alts to move money, they don't have to use BTC. For example the fee when using doge is 1 Doge which is about 50 satoshis. I expect this development will hasten the move into alts.
I do prefere Litecoin for exactly that reason. Fast, unexpensive, does the job. That's true, but what if that altcoin price suddenly raise/drop in short time or you want to exchange it to bitcoin or other altcoin? It would be complicated unless you only use that altcoin. You can just use an alt that is stable. Doge moves within a narrow range - about 49-52 sats. Litecoin moves within a fairly narrow range. And there are always alts like Nubits which are pegged to the $. |
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People don't have to use Facebook - there are plenty of other social media they can use (or even resort to old fashioned email and texting to keep up with friends).
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I expect this development will hasten the move into alts.
This is not any kind of development. There is no reason to use alts. In your opinion maybe. But others may disagree - if fees are too much when moving bitcoin, then the rational economic thing to do is to switch to an alt with a lower fee. It is the price mechanism at work. There is no monopoly in cryptocurrency, that is the beauty, instead there is plenty of choice. If there is a failure point in bitcoin, the market will simply move to the next best alt. |
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People can always use alts to move money, they don't have to use BTC. For example the fee when using doge is 1 Doge which is about 50 satoshis. I expect this development will hasten the move into alts.
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I got my paypal account years before I stumbled upon bitcoin, and still use it for things you can't use BTC for. It's a payment processor not a currency, and bitcoin is shifting from a payment processor to a commodity. Businesses are no longer very interested in allowing purchases via bitcoin, BTC is now more a store of value than anything else.
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Cameron might not even be Prime Minister in July - remember that the EU referendum is in June and if Leave wins, there will be pressure on him to resign.
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People all around the world already interested in buying bitcoin easily with their usual visa or mastercard from long time. And cex.io created that platform and also quite trusted platform. Now may be localbitcoin sellers will lower their price.  Localbitcoins will not lower their prices because their risk is higher. CEX.io are probably using an algorithm to make sure that they arn't selling to dodgy people, plus they probably have blacklisted cards and so on. Whereas localbitcoins don't have any of these risk management tools, so they need a higher price to compensate. |
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https://www.cryptocoinsnews.com/bitcoin-exchange-cex-io-sees-40-million-visa-mastercard-deposits/London-based CEX.IO has announced that it has seen over $40 million in fiat currency deposits made toward its exchange for buying bitcoins from credit cards.
In an emailed release to CCN, the European bitcoin exchange was among the earliest ones to add payment cards as a means to deposit funds. VISA and Mastercard payment cards are the most commonly used payment means by users to buy the cryptocurrency.
More recently, virtual cards such as Payoneer, Neteller and Netspend are also among the payment methods accepted by the exchange. Altogether, the bitcoin exchange has processed deposits in excess of $40 million so far.
In a statement, Oleksandr Lutskevych, CEO and Co-Founder of CEX.IO said:
We operate as a broad and reliable bridge between people who are willing to buy Bitcoin and the blockchain industry. As credit cards are still the most common thing in users’ pockets, no matter what country they come from, we decided to direct our efforts on user-friendly, fast and cheap Bitcoin purchases using payment cards.
The exchange expects the aggressive growth to carry on, with its claim of 600,000 registered users – all of whom will also be enabled with instant withdrawals to payment cards in USD, EUR and RUB.
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I have been in Bitcoin long enough to know that the price has to go down heavily at some point, but I don't think it will be as severe as OP is talking about. If the price goes up to $500-$550 this year, then the the lowest point it may reach is just over $400 if it indeed happens to go down that much. That's the worst case scenario.
This has happened already. Twice in the last 12 months. Nov 4, 2015 --- $408.74 Nov 11, 2015 --- $312.58 Jan 7, 2016 --- $458.28 Jan 15, 2016 --- $358.77 (The first was a bubble burst after parabolic rise, the second was Mike Hearn's ragequit.) Currently, we are not in a bubble. Not even in start of a bubble. We are in bearish stability instead, waiting possible good news (but not here yet) from SegWit patch, Lightning, etc. In fact a possible slow, smooth rise from $460 to $500 can't be regarded a bubble either. That is a good analysis. But don't underestimate how many people are hodling because of the halving. They are providing the floor. If there arn't any positive developments by July, they'll sell and down we go again. |
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Liberty Reserve was done for laundering drug money. That is a criminal offense in the US. What has ETH trading got to do with laundering drug money? |
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People will just become more careful - make their Facebook pages private, be more careful about what they upload and share. It has always been foolish to expose so much of your life online - lots of people do it only because they are exhibitionists.
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They've probably already bought them extremely quietly. These kind of announcements only come after the effect, to entice noobs to buy to push up the price so that the original investors end up sitting on a nice profit. |
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"The SEC" won't be investigating anyone one in the crypto currency market. It's not their jurisdiction The Securities Act of 1933 describes securities as things we all understand to be securities: notes, bonds, stocks, etc. Bitcoin, it's clones and virtually ALL alternative digital currencies are initially generated not by an investment of money, but by expending computer resources or (mining) Therefore all cryptographic currencies are commodities. When digital currrency derivatives begin to surface, this will give "the SEC" some jurisdiction. Until then, they're absolutely powerless in this market. An example would be the attempted BTC shakeout a week ago on BitFinex where someone used around $3 million to try and break the price below $450, but Bitstamp, Coinbase, and others refused to follow their manipulation.
It was not an "attempted shakeout," actually it's funny that you think someone would execute a $3mill transaction with the sole intent of "shaking someone out" of the market. Hilarious  Someone sold $3mill worth of coin on Finex.. That's it. It happens... I'm not saying that there isn't manipulation taking place, because there clearly is. But there are many individuals holding $1mill+ worth of BTC who aren't part of this manipulation ring. That "shakeout" that you make reference to, was merely a single actor who decided to cash out. Hence why there wasn't a universal move across the rest of the exchanges Nailed it. Cryptocurrencies arn't regulated by the SEC. Bitcoin in New York, is regulated by the BitLicence - but Poloniex is not based in New York and doesn't accept NY customers (this is why they brought in all that FYC stuff last year - to make sure they weren't dealing with New Yorkers). |
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