what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
Thereotically, this is possible. The government could potentially just issue a huge load of fiat currency and buy into bitcoin. But then not only is this driving bitcoin prices up substantially which is good for holders of bitcoin, it will also mean that the monetary base becomes heavily inflated. There is only so much bitcoin that people are willing to sell. The government can only buay bitcoin off these people and it's a finite amount and probably won't affect bitcoin much even if they did buy it. |
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A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?
Probably not a bull trap. Otherwise price wouldn't be stable right now but instead be crashing down already. But it is still holding up at a price level above $3900 quite nicely it seems, which makes me think that this is most likely a legit pump and demand for bitcoin is up once again. Still though, price seems to be stuck at the resistance level of $4k. I'm confident it'll break it sooner or later this week, though. |
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 Hey Speculators, I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this. I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move. In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves. It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop. It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far. However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming. Whenever there is a stability of price, the price is most likely going to go up directly afterwards. Just like your chart in the OP has speculated. Even after the current pump i think it's still a great time to load up on coins before the end of the month. I'm fairly confident that the price is going to rise more as the end of the month approaches and have a real good crack at the $4000 resistance level this week. Right now we are stabilizing at $3900 again, which means that it's probably going to shoot up to $4300 or even more for the short term. |
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http://fortune.com/2017/09/25/japan-bitcoin-exchanges-fsa-financial-regulation/Japan's financial watchdog will soon pay very close attention to the internal systems of exchanges for virtual currencies such as bitcoin.
The country's Financial Services Agency (FSA) said Sunday that it would be putting exchanges under what The Japan Times called "full surveillance" from next month.
That means monitoring internal systems, such as those used for protecting customers' assets, and possibly on-site inspections.
The scrutiny is a big deal because—thanks to the Chinese authorities cracking down on bitcoin trading in that country—Japan has recently become the largest bitcoin exchange market in the world. It is still too early to tell what the japanese government's real intentions are. "pay very close attention to the internal systems of exchanges" could literally mean anything if you know what i mean. However it seems like maybe they are trying to prevent money laundering be done with bitcoin, and potentially tighten up its regulations accordingly. Just hopefully they won't follow the tracks of the Chinese government of banning the bitcoin exchanges outright. And i'm 90% sure it's not since Japan has only recently announced they will legalize btc. |
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"And are you 100% sure that you used the link you quoted above?" That's the one I'm using now and communicating with support through. It's good to know I've got the right one now. The problem is I can't be sure what url I used when I made the deposit that has gone missing. I'm embarrassed to say I got it off a search for bitcoin blender. Pretty stupid, I know  If you clicked on one of the google ads then you defintiely went to a phishing site. Clicking on anything from a search without cross checking is basically asking for this sort of thing to happen. But don't be embarrassed, everyone makes this mistake, even i did. However, you did provide us with the right link. So your chances of going on the right site is significantly higher. Did you have any luck contacting their support? Lutpin is managing the Bitblender sig campaign so you should probably PM him as well. |
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Don't think so. Price is nearly $3800 again but we have stayed below $3800 for quite a while now with no apparent crash coming up. There is a lot of support at both the $3.5k level and the $3k level. If we were going to go down to less than $3k then it would have happened in the panic dump that happened last week. The fact that it didn't happen meant that there is still sizeable demand for btc and price is holding up strong. In fact, i think that by the end of the month we should see $4k once again. |
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They may be fucked but frankly it wouldn't impact bitcoin much.
All there will be is an adjustment period where the blocks are very slow, just like when bitcoin cash first split from bitcoin. After that bitcoin will run as usual.
Actually if China banned all mining then it's actually better for decentralization of bitcoin, and that's the main reason why i think price of bitcoin won't actually be affected much. If it happened now i doubt btc will even drop to under $3k. Plus, this is all rumor and nothing to back it up tangibly. Take it with a grain of salt.
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If i were running a signature campaign i believe this is going to make everyone's life easier. The campaign manager/administrator of the site can not have to look through all posts of every single user and can semi-automate the process.
I read up to your thread about campaign managers asking for crazy pay - don't hire them if you think the rates are ridiculously high. You can do tihs yourself, as long as you keep to the standards of the forum.
Obviously it's recommended that you get a campaign manager, though. But 900% increase in your running costs is pretty ridiculous.
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This is entirely your choice and nobody can and should influence your decision on it. However this is what I think:
Prices probably not going to fall below $2,000 even weather November hard fork, and people are uncertain. We have a lot of support at the 3000 level already, to breach 2000 would need some major factors being irrational and dumping when they are panicking.
however the price is a lot of room to grow in both this month and the coming months I believe that we will first recover to $4,000 per Bitcoin and potentially more. but as you said you needed the cash, and the price is still decently high so it's not a bad decision at all.
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Please make a prediction for BTC, not a preference:
$1,800
If the current Bull market is over, history says it will take years to rise again and the bottom will be well below $1,800.
Of course, well established patterns can be broken, but the collective behavior of "Real People" tends to be predicable.
or $7,000
A solid blast above $5,000 will signal the "trend-followers" that the party is still going and $7,000+ should come within a short time.
This could take a while, so unedited posts are entered to win the huge prize that comes from knowing you were correct.
$1,800 or $7,000: Which comes first as we go forward?
Personally, I think that Bitcoin is still going to go up this year even though we are not probably going to make $7,000 to Bitcoin this year. It is much more likely that we experience a pretty full on adjustment to the price before the next halving takes Bitcoin to the Moon once again. So therefore your sub $2,000 prediction is probably going to come first before $7,000 Bitcoin is seen. Anyways I am still extremely bullish with a Bitcoin price and I believe that it is only a matter of time before mass adoption it goes and the price goes to the moon. |
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I felt like I missed a great opportunity at selling high and buying low when it reached 5k and drop to 4k a couple of days ago. Now it happened again from 4k to 3k. You think it will happen a third time, from 3k to 2k?
Very likely that Bitcoin is going to go down to that level perhaps next year however this is probably not going to happen this year or this month. The bull market is by no means over right now and is still going despite the sideways movement generated in the past few days. I expect the price to go up to at least $4,000 per Bitcoin by the end of the month this is because right now with on the verge of recovery and we're already in the green for today. The floor is pretty much firmly set at $3,000 right now we don't think we're going to achieve a level that is less than that. |
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Just to clarify some points that have been made here:
1). Your browser is mining monero and we are auto-converting it into bitcoin at the current prices
2). We are giving 100% of what we make back to users, we are taking a 0% cut.
3). The mining is completely optional, we are not running the miner automatically or forcing anyone to use it. If you feel it is profitable for you, then use it. If not, then don't.
If there is enough interest, I might try to reverse-engineer the miner so that we can keep 100% of the revenue and share all of it with the users. We do not expect to make any profit for this, it's only an additional revenue stream for faucet users.
Nice of you to give back 100% of the revenue to the actual users. This makes more sense to use you guys for the convenience, rather than downloading the actual monero GUI or coinhive yourself. However, have you considered the fact that it is likely not going to get much hash rate in total to even pay for the monero transaction fees considering most people don't have special rigs(unless you pay with low fees)? I'd be interested to see a similar web miner except for dogecoin, which has a very low tx fee. |
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Seems like he has set up a bot to instantly claim whatever deposit people put into this address. This is why he is able to do it so fast i think. As soon as the bot detects a deposit, he takes it straightaway and sends it to address 36f9dsGq4sw1xy44ZAuMQ1AAiAyHZxBagF. For you to send counterparty tokens you need to wait for 1 conf, but for him he can send it straightaway without any confs. Well at least you only lost like less than .0001 BTC, which is no big deal at all. He is also an alt of this person here: https://bitcointalk.org/index.php?action=profile;u=197593;sa=showPosts. |
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Hi I cant seem to navigate sending money from luno to bittrex. i'll reach the page till bittrex gives me an address to send money however when i am back at luno and enter the address, it says invalid. are there any steps that i am missing? i am very new to cryprocurrency What is the adderss that bittrex is giving you to deposit? you can always copy that address and paste it into a block explorer such as blockchain.info to verify if the address is valid or not. Bittrex should always give you valid addresses, i have not had a single instance where the deposit address was invalid. Sometimes, copying the address into a .txt file and disabling all formatting solves the issue. Lmk if that works. BTW, move this to exchanges instead of web wallets. |
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This could definitely be possible. Amazon has expressed interest in the past in accepting btc if i'm not mistaken as well.
Them being interested in accepting bitcoin and announcing acceptance of bitcoin is going to prove to be a very positive piece for the traders and they are likely going to open up long positions. I'd say as soon as they announce it we can expect at least $300 increase in btc price.
Though the timing is still unknown, but end of October seems likely.
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They've done a lot of advertising for their ICO it seems.
Paying 5 ETH minimum($1k+) just for a bitcoin debit card that has no real advantages apart from 0 fees isn't worth it in my opinion. I'm not even sure what their main selling point is, but it seems to me like a rewards program that probably not a lot of people will use anyways.
Site design looks sketchy af as well. Tbh, i would not recommend anyone go near them.
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Hey everyone, first real post here! I wanted to give a heads up about a case study I've been doing for a month now. its a 50TH Bitcoin contract with Genesis Mining and the objective is to see if I will ever reach ROI on it. If you want to check it out the link below will take you to the one month review. Let me know if you have any questions! https://www.youtube.com/watch?v=33-ZeujnJ1g Interesting video. I would have thought that the ROI would be much lower than what you achieved in the first month(which was actually decent), or maybe i just bought my own genesis contract at a very bad time. You should see a pretty big decrease in your profits later on, though. 5 month ROI seems pretty unlikely. I actually invested the bare minimum into genesis mining a year ago(0.05 BTC back then) and wasn't close to making all of my investment back. But then i'm interested to see whether now genesis mining is a worthwhile investment or not - after all, it's been a year! BTW, welcome to bitcointalk  |
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Hi all,
Being quite new to Bitcoin, I'm wondering which websites and apps you use for info and to keep track of cryptos. I've been trying to learn and so far I like:
1) CoinMarketCap.com for the charts on the main page
2) CryptoCompare.com/coins/ for the easy-to-track price changes
3) Investing.com for their alert system (the analysis section also helps)
Any other recommendations for helpful sites and apps?
Thanks!
I use Coingecko as well because it has more detailed statistics and analysis such as the breakdown of community, developer, general interest of the coin you are looking for and you can rank your coins with these specific categories. It doesn't just look at the market cap alone. I get my news from coindesk mainly, but there's also cointelegraph and actually a bunch of other sites. Blockfolio is a good portfolio tracker for all cryptos and fiats as Zocadas said, but they know what they hold and how much you are holding of each coin you list in your portfolio. So be careful if you were going to use it. |
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This should be pretty obvious to anyone. There is a small possibility that the rumors are true but i think it is completely unfeasible for the Chinese government to even try to restrict access to bitcoin and bitcoin mining. It is just impossible to regulate and enforce. I mean it could happen. But there is no indication that it will. Why would they tell chinese exchanges to give back customer funds before they shut down if they were planning on banning the bitcoin network anyways? It seems like a bunch of people holding short positions are using media to make their profit. |
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I just started trading crypto currency. This is my first time to trade. What I did is just a self study. I read everything about crypto and trading and watch videos on youtube. Some did not makes sense One question in my mind is , is it safe to just store my bitcoins and other coins that I bought on BITTREX? I have a blockchain account but the fee when sending and requesting withdrawal is quiet high. So I decided to just store it on bittrex. For the other crypto currency, I only have ETH Wallet. Thanks for the help. It is not safe. However sometimes the convenience is just worth it for hte risk especially if you are storing a coin that has no official lite wallet and you'd have to run a full node on your computer to access your balance(which is a hassle). In that case, and if your balance is low, then sure, go ahead and store your coin on bittrex or other exchanges if you trust the exchange enough and is able to take the risk. But if you are storing bitcoin, ethereum, litecoin, all the major coins which already have light wallets, then no it's not worth the risk. |
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