Lol!! Without going to the controversy whether Google has achieved quantum process of 53 Qubit power or not, I think there is no correlation at all! Quantum computer will have much larger scope for mankind, why would it be used to break the encryption of bitcoin only?? That's dumb thinking!

I would rather think, Google will use its quantum computer very cautiously without hurting anyone or anything, even after having the capability of doing so! I am sure bitcoin users have at least that much gray matter in their brain!

May I please ask, how do you plan to earn revenue? If there is no house edge, how do you pay for the hosting or other stuffs? Or is it just during the beta period? The concern that Darkstar raised, is very valid and that's the first thing came to my mind just after reading the announcement thread!

Excellent decision!! I wish I could have done the same! The market is stabilizing at 8.5 grand now but I don't think it will even hold this price by the end of the day! Many people fail to understand an opportunity period and then they lose the chance to make the most out of it! It's a psychological factor indeed!

In reality, the market has decreased by around 15% from the day bakkt launched! While majority of the community members including me are bullish about Bakkt because they offers the first physically settled bitcoin future contract, but everything seems move to the different way!

Do you think it is a mere correction or there is a correlation?

No one knows! All major cryptos are facing the downfall inclusding stable coins like TUSD or USDT. These stablecoins usually show an upward trend during any downfall, but this time it is somewhat different! Even the bitcoin hash rate has decreased by a big percentage from 22 September. So something is going on to the market which we have no idea about!


Given the fact, that bitcoin's market dominance is around 69%, it is possible for other cryptos to see a rally along with bitcoin. But no one knows about the time! How can you claim that all cryptos will see a new ATH in and around 2020?? What substancial proof you have to prove this claim?

You may want to try the below link,

https://www.blockchain.com/charts/hash-rate?timespan=60days

The hash rate drop is pretty visible! It was standing at 98,120,057 TH/s on September 22nd at 5:30 AM, which then dropped to 67,383,654 TH/s within just 24 hours! For the same period, the median transaction confirmation time has increased to 13 minutes which is highest as compared to the last two month's statistics! I wouldn't wonder if it has direct relation with the market price! 

I must admit your digital marketing capability is great! You indeed researched a lot about an exchange and drawn out every negative points about it, then redirected us to the paybis exchange with a greatly written comparison so that everyone understands the benefit of using Paybis over other exchanges. You should start your own blog and start providing ratings to the exchanges. You are good at it!

For me, Binance is best! Let me know if any other exchange has "SAFU"?

It's great if the number of bitcoin ATMs are increasing globally! But that certainly doesn't mean the adoption of bitcoin is also increasing! The kind of premium every ATM charges, is astronomical! I personally prefer p2p transaction over crypto ATM!

However, the increasing number of crypto ATMs are actually good for bitcoin promotion. It will make a lot of local people intrigued about bitcoin and some of them will actually go ahead to search about it or ask others which in turn increase the awareness about bitcoin!

Firstly, it is NOT "repro", it's "repo". It's a market controlled by the central banks from where banks borrow money for short/long term. It is an effective tool to fight inflation. When the inflation rises, central bank increases the repo rate to drain out the excess money supply from the hands of people to banks and vice versa!

Now coming back to the money printing business! In no way, repo rate reduction calls for money printing. When a central bank needs to increase the money supply in the market, it comes for their reserve! New money is not printed because it further devalues the currency. No central bank would risk that during the time of cash crunch. It's suicidal!!

Now coming to the correlation! There's none at all! 10% ups and downs are very very normal to the crypto market. If there was a correlation, the price of bitcoin would have jumped after both extra cash supply and interest rate reduction. It wouldn't have decreased!

That's why the article clearly wrote,


Ciphertrace is the pioneer company in the market of blockchain analytics and global compliance. However, it is highly unlikely to see a lot of different solutions being adopted by the crypto businesses worldwide to comply with the FATF guidelines. Moving into an unified solution will be less confusing and more market friendly!

Lol!! If any of these predictions become true, I would also become a rich man!! I wouldn't need to work my ass off for 9 hours everyday!

These are mere speculations. While I really want these to become a reality, but these speculators don't have substance to prove their speculations. So we must be using our own brain before cheering!

According to the below article, the first day trading volume in Bakkt is little over $290,000. Not a great start indeed! Especially with the huge hype they enjoyed before the launch whereas CME had managed to get over few hundred millions within the first week!

https://www.coinspeaker.com/bitcoin-ices-bakkt-futures-250000-barrier/

However, I am still very optimistic about bakkt because it has the capability of turn the tide in favor of crypto as it is physically settled contract unlike any other contracts available in the market!

XRP is not entirely a cryptocurrency! It is more like a digital version of Western Union who is trying to gain some prominence in the digital remittance market. XRP team has been pitching their products to a lot of money exchanger, Banks since a long time now.

If I am not mistaken, ripple has already struck partnerships with Unionbank or Philippines and Moneygram at the beginning of 2018. But it didn't help ripple in any way. Don't even think that Ripple has the capacity to compete with bitcoin.

I don't entirely agree with your viewpoint here! South Korea is the third largest country in terms of transaction volume, just behind Japan and USA. If (in worst case) South Korean government decides to ban all crypto exchanges and declare it illegal, a huge impact will be seen in the market during the exit period. Even though the impact will be temporary, there's no way we can escape that! No matter how decentralized the market is!

Bitcoin is still a controversial currency to a lot of traders, especially to the conventional ones! Today is the first day of bakkt I don't know from where did you get the figure of 7 btc only. The instagram link you have shared, did not talk about the volume!

I am still very optimistic about Bakkt because no other exchange offers physically settled bitcoin future contracts! It may take its own sweet time but eventually Bakkt will become a major volume driver in the crypto market.

No! Unless the ATM companies give up the premium they are taking from each transaction! I personally wouldn't prefer to use a crypto ATM unless I have some emergency! I would always prefer p2p route because it provide a lot better pricing!

However, there's a positive side of crypto ATMs as well. An increasing number of crypto ATMs would make a lot of people intrigued about cryptos! Especially those, who are not exposed to it yet! Probably some of them would inquire about it, would probably do some google search and try to understand the cryptos. So such ATMs can make some indirect impact. But the chance of direct impact on adoption looks really feeble!

Tron is a highly centralized cryptocurrency! It's not my word, this sentence was said by the co-founder and ex-CTO of Tron, Lucien Chen! So it is possible for them to remove the scam project off their network. But the same is not technically possible for ETH. It would have been great if ETH can do the same but there's no way!

The only weapon for us against scammers is the "Awareness"! Stop visiting some non-sense ICO listing websites because these websites are getting paid for listing ICO projects so they wouldn't mind in listing few scam projects that looks great and sounds high-tech! But our self awareness is something that these scammers can never beat! So trust your own instinct!

Spot on! People have to remember, that Bakkt is gearing up to offer physically settled bitcoin future contracts! That means, if Bakkts receives an order for a future contract from an investor, they will have to buy equivalent amount of bitcoins from the market. If a buyer of the contract is willing, they can take delivery of the equivalent amount of bitcoins to their personal wallet. This is indeed going to help the bitcoin market because the demand is going to increase.

However, I don't expect any immediate effect to be seen in the market. We may see some spikes or downtrends in the market depending on the demand, but it requires a lot of money to manipulate a $180 billion market! But Bakkt is definitely a plus! 

It seems like IBM has also achieved a similar milestone. Read the news below,

https://www.cnet.com/news/ibm-new-53-qubit-quantum-computer-is-its-biggest-yet/

Bitcoin is protected by 256 bit encrypted architecture so I don't see any rrason to worry right at this moment. Even if 256 qubit is achieved by 2022, not necessarily bitcoin will be their target!

BTW, what is Lantern signature? I am clueless about it and also didn't get any details through Google! Can you please explain?

What point you are trying to establish exactly?

$600 plunge means around 6% dip! It is pretty normal in crypto market and provides excellent profit making opportunity for swing traders! I agree that there's nothing to celebrate, but I don't see anything to worry as well! It's very very much normal crypto market to see 10%-12% ups and downs! While I post this reply, the market has already started rebounding and recovered half of its losses!