I see there is a strong correlation between SPY and Bitcoin prices. BTC has a higher beta, however. Whenever SPY tanks, BTC tanks twiiiiiice as hard, (as it was the first time, I said good byeeee) In March, BTC dropped from $10k to $5k. I am calling for another BitCoin wipeout when the market crashes.
At first, I am also thinking this, that there are correlation with some stocks like SPY with Bitcoin. When coronavirus started to spread all over the world last March, yes a huge dump in stock market and Bitcoin too. But what is the different with Bitcoin last time was, the bounce back of Bitcoin is fast compare to some stocks.
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I am surprised on what I saw in Forbes article lately. " Chris Larsen, Executive Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions" - READ MOREAccording to Larsen, “…at least 65 percent of cryptocurrency mining is concentrated in China, which means the Chinese government has the majority needed to wield control over those protocols and can effectively block or reverse transactions”
My question is, is this really possible? Does it mean if 65% of cryptocurrency mining is located in China then they can possible to reverse Bitcoin transactions? Unless if they will all cooperate. This is kinda bit scary since when I started to own and use Bitcoin, I haven't saw or experience reversing some Bitcoin transaction. So, if this will ever happen, what could be possible effects or downsides in Bitcoin or in whole cryptocurrency?
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First time to hear Lorem ipsum? Or you already heard but don't have an idea what is this? Here is short definition of Lorem ipsum from Wikipedia; In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form of a document or a typeface without relying on meaningful content.If you are use to create some graphic designs or somehow developer of websites or any software that using some dummy text for demonstration first of what you are working, you probably already know what is Lorem ipsum. I am amazed on what I found recently, it is a lorem ipsum that is about cryptocurrency. It's called placehodler. It's just amazing since you can copy it by plain text, markdown or html ready. P.S. I don't own this website or somehow connected.
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I don't have lot knowledge about different things about legalities or some government things.
I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet. Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.
I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet. Is this method is not foul on the government? Or it is legal? Especially on the department of government that is about the labor or employment.
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I also experienced this way of downloading android applications before on my android phones. Just like APKPure website or something like that. By the way, I also tried to use some website that you will only copy the link of the app from playstore and paste it in another website, what I am using before is this : https://apps.evozi.com/apk-downloader/Is this still not safe for some reason or it's still the same with some APKPure or like websites?
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We don't know what will happen, you can't tell those numbers when we haven't yet experienced or reach those. It's really difficult. Compare to me, when I first bought my Bitcoin I am hoping a very huge returns or hold it for a long time to reserve for my next generation. Owning Bitcoin makes me proud, even no one knows I am holding some. But what I treat on my Bitcoin bought on different prices are kinda my emergency funds, if ever there are some urgent needs or whatever happens, I have my Bitcoin and use it.
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You got a point. It kinda has similarity back on 2017. But for me, if ever we really in sell off point and become a bear trap, I don't see any below $6, 000 anymore here. It's still difficult for now, we already fall below $10, 000 few days ago. Are we bouncing back on top again to make short trades? Let's hope not, bears are really pathetic now. More liquidations will come these days.
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2020 - 2021 will be an interesting year for cryptocurrencies, because the Pandemic is still not over and a vaccine is still not produced, making cryptocurrencies one of the best assets so far, maybe 2021 will be a big surprise.
Let's skip the 2020. I'll be more curious on 2021-2023. And about the pandemic, it's still normal, why when pandemic started to spread all over the world, we saw a huge drop on all the markets, not only on cryptocurrencies but in stocks too. But what I am amazed and surprised was the stock market, lot of stocks made another all-time-highs.
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Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.
For me, Ethereum got much lower impact when Bitcoin is dumping, compare to other altcoins like around top 10 and so on, the dumps on them are really insane. On last price action run when Bitcoin reach around $12, 000 and Ethereum is on around $460, Ethereum got the more gains here. I am glad now the Bitcoin dominance is back around 60%, for sure, we will make another support here for Bitcoin dominance.
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(....) Never heard of the coin mentioned by the OP. More than likely, it is one of those substandard alts out there and he heard it from somewhere because someone is spreading fomo on it. Since the OP is still a newbie, he should read more here in the forum especially the beginners section. He can learn a lot from that section alone and slowly read other sections that will be of interest to him. This forum will help him in his crypto journey.
The altcoin mentioned by OP was started around year 2015, as what I saw on the chart of Pinkoin, it's already dead. Even if you will see in the trading volume, it's extremely low compare to some altcoins that is still here for how many years already. And I also noticed is, the coin as of the moment is only listed on 2 exchanges and they also got a very low trading volume, which is already a red flag for me.
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I'll go with Binance, KuCoin, BitFinex tandem although I didn't yet tried to use BitFinex but on the second choice which is the Poloniex, Bittrex, Kraken is the Kraken is also I didn't yet tried to use. I am really comfortable using the Binance especially before and Kucoin too, they got mobile applications for android and IOS which some beginners are starting to explore trading by their only on their mobile phones, they may find it comfortable at first.
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Hi,
Can anyone suggest a good mining website without having to purchase some hardware equipment? Thank you in advance.
Hi, proscatcher. I think this is different kind of mining, some people called this before a "cloud mining" when there are some website offer to pay them and you deposited Bitcoin will earn revenue per hour/day/month. This is kinda passive earning which is also RISKY, I don't really trust this kind of service. It's difficult to trust your money on some random people or services online and thinking that they will mine Bitcoins for you.
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I saw this amazing website that visualizes the transaction on a blockchain network. As of the moment, the website got only for Bitcoin, Ethereum, and Bitcoin Cash. It really shows some important information about the network, just like the difficulty, blockchain size, current price, total circulating supply, market cap, volume, etc. The animation is really cool. P.S. I don't own or connected with this website, I just saw this on the internet and wanted to share it here. Enjoy!
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For my basic understanding: "What goes up, goes down, what goes down, goes up". It's something like that. A lot of people really underestimated Bitcoin, especially when Bitcoin is still young before, around 3 digits price. As time goes by, multiple huge dumps and losses before and a lot of huge pumps too. But Bitcoin is still here. We really can't force some people to believe on something they don't want to believe or even to understand.
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What I am thinking is some traders are taking profits when we reach $11,000 - $12, 000. But it's just surprising it didn't happen immediately after we touch $12, 000. But it's still ok. For me, it is a healthy correction as long as we don't drop below $10, 000 - $9, 000.
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Do you think guys that this was the reason why Chainlink dumped too hard these last few days? Chainlink drops almost 40% from it's all-time-high price. It's too devastating for those people who bought Chainlink the peak, hoping it will do a parabolic move again. But if you guys check the chart of Chainlink, it's kinda dropping again to another horizontal support.
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Here's boxing records of these two boxers. Duke Micah got more flawless records, with 0 losses. And if you can see the age of this boxer, he is still young compare to John Riel Casimero. Height also favor on Duke Micah. But still, I am rooting with John Riel Casimero here, power of Pinoy. He was able to win with Zolani Tete before by TKO.
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Decentralized exchanges are safer because we have full access to our wallets, but the transaction speeds provided are very slow compared to exchange platforms like Binance.
You mean the execution of trading orders as transaction speed? I think what AakZaki mean is the transaction since as far as I know when you do trades in some decentralized exchange, you need to pay a transaction fee to the network and the network will create a transaction for that trade of yours, and if the network got too high traffic, then for sure the transaction fee is kinda huge compare to some centralized exchange that is very low transaction fees.
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(....) I did understand for a fact that due to Coronavirus people will gamble less!! Since there is literally no jobs and money for a common man right now.
(....) And what I also thought is people will use their savings to gamble, since some of them started to lose their job then some of them will think that gamble will generate profits. But, it's still luck. (....) And about those people who lost their job? For a man with enough savings, yes they will gamble but for someone who only have enough salary that suddenly lost their job, I doubt that they will think of using gambling to gain profit. That is the question, a man without a job or any work that generate money to feed their family is difficult, then when you got some money and use it to gamble, it's really a bad idea for me to gamble the money that should be for the family, it's kinda bad since you have obligation, unless you have some lot of extra money. Some peope really think that it's only their last choice, but if you will think 10 times, it's not that good.
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Please do check the dominance level before shilling Eth it's not what half of what Bitcoin has I am also a big supporter of Ethereum but to say that Bitcoin is losing it's dominance and Ethereum is fast moving and big threat is not true. Dominance: BTC 55.6% ETH 12.6% USDT 4.04%
These numbers are great, watching in market dominance is quite good. I am not a supported of Ethereum, since I am a trader, I am more on technical analysis part. I tried to compare the recent drop of Bitcoin and also Ethereum when Ethereum reach around $470+ and now we are now below $400. The recent drop is quite good. And you got some point especially in the market dominance of Ethereum, it is rising but what I am worried about tis the volume of Ethereum, I am not satisfied, it's still quite low.
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