Do you think it is a coincidence that someone would transfer $1.2 Billion worth of bitcoin on a exchange for everyone to see? Normally such large transactions are done on OTC platforms, because people know what these kinds of dumps are doing to the price.  The end result was a total of $5.3 Billion transacted in 24 hours <Triggered panic sell behaviour> Source : https://www.reddit.com/r/Bitcoin/comments/d8znbv/12_billion_transferred_at_3pm_bst_yesterday/My observation was that this was done on purpose to trigger a drop in the price and it was done to discourage traders on Bakkt to buy Bitcoin futures contracts on the much publicized Bakkt platform. Whoever did this, knew exactly how institutional traders would react and they timed it perfectly with the launch of this platform. Are we seeing yet another attack from the Fiat masters to extinguish the Bitcoin wildfire  You raise an excellent question, now let's be thankful the real financial whales of the world don't come pouring into our little crypto economy, the damage of having the 1% investing in crypto would be devestating. Imagine when they dump their coins, the market would really fall flat on its face. Just think if Badass Billy Gates decided to let his nuts hangout and go balls deep into investing in crypto, you don't think he would dump if the volatility of the market negatively impacts his investment? The manipulation of the markets is the reason why the ETF's wont pass. We're really at the mercy of the whales. They can make or break this entire sector, of course, they won't because it will stifle the innovation. I believe in my heart, crypto will be front and center stage in the world to come. |
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After the long time anticipation of most traders on the result of Bakkt's rally, unfortunately it was not positive, critical observations and analysis has revealed that bitcoin has broken below both the symmetrical triangle and the descending which has resulted in a declination below the 200day EMA now. This will automatically extend the bearish market.
What a painful condition. The big investors sponsored the failure by selling out the news. How else/how well can we manage this moment,to get the best.
By continuing to stay positive and push forward, because 5 or years ago, nobody could have dreamed it would move this far about did. Believe it or not, we have come a long way. I'm still kicking myself for not buying in durring the Mt. GOX days.  Then when the whitepaper for Ethereum came along, I passed it by, opportunities are usually once in a lifetime, but its it's incredibly foolish to miss out on them when they return again (lesson learned). Looks like we might be going through a rough patch for a while. We'll get over it, I mean look, we've come this far! |
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Dangers inside crypto investing People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!” First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments. Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/Sounds like people are mistaking Cryptocurrency for a get rich quick scheme. Now, I don't think anybody has gotten rich over night from crypto, but have certainly gotten wealthier much quicker than by most means. When I was a noob here, people always told me to never go all in on an investment, instead, to practice my Due Diligence and only risk what I could afford to lose (disposable income), less you're willing to lose the shirt off your back. |
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Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.
I agree with you 100% brother, with the rise of innovation (especially within the blockchain community) there is sure to be just as many scams, if not more than legitimate campaigns. The best thing one can do is practice their Due Diligence in order to prevent themselves from being scammed. There were always scams here on the forum, but since crypto is a lot more mainstream than it has ever been, there are a lot of newbies coming to the forums in order to join in the crypto revolution, which makes them targets for seasoned vet scammers. I shameful have been scammed by a bounty before and even an airdrop. It happens to many of us, novices and veterans. |
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Money changed its shape through the history. As from non-monetary exchange to the need of having money. Fast forward to our current banknotes which are in my opinion slowly dying with bitcoin taking over. Many discussions are being held if bitcoin can be the primary currency in the world. Let's assume it can be. Everything has an end so what do you think will come after bitcoin? What will money look like hundreds of years from now? I predict its gonna be digital of course but I'm interested if its going to be a cryptocurrency or something else.
This is a really good question, but I'm afraid it's too far into the future to make an accurate enough prediction. I'm sure that Bitcoin is just a catalyst for the next evolution within the bartering system, because I'm pretty sure the world would collapse without some form of money in place. In the movie "Demolition Man" Tacobell wins the franchise wars and toilet paper is replaced with 3 sea shells, but money? Most likely money will be completely digital, a cashless future. Who really knows though, I don't write the scripts, I just do my best to follow them. I know physical cash will disappear, so most likely it will be a virtual alternative to crypto. If they ever create A.I and robotics that replicate everything humans can do, then I'm sure crypto will probably die, and be replaced with a basic universal monetary income based off merit, probably similar to China's merit system. Just my opinion of course, I couldn't imagine a world without currency, it would be terrible. I mean we live in a "material world".  |
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So Warren Buffet is anti-cryptocurrency because he is the single most invested person in the current system. (One reason I think Justin Sun is an idiot.. Buffet isn't going to change his mind)
But just found it very interesting watching the Bill Gates netflix tutorial and Buffet is saying that they are good friends AND that the bill gates foundation is heavily invested into Berkshire Hathaway since they own roughly half of Buffet's stock in the company...
Funny how most of the anti-cryptocurrency people are heavily invested in the current system if you look closely...
Not everyone will be on board for the financial instruments of the future. Crypto-currency really disrupts the financial sector. Imagine if someone like Buffet or Gates decides to go all in on buying crypto, it would create a massive pump for the market, now imagine them selling there load to offset any loss, the markets would crash from the dumps. It might be a good thing these big wigs aren't investing right away. Take it or leave it! |
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Are coins and tokens that have good value like 0.02 or even 0.2cent on exchanges with no volume the same bad news as coins that haven't made it to an exchange yet? what do you guys have to say about this? i am currently holding two different tokens with good value but no trading volume, any hope for such projects?
I have to agree, when you're right you're right! If there is no trading volume on any of the available exchanges, it usually means one of two things, either the coin is new and has yet to been listed anywhere making the coin seem dead, or it is listed but people have abandoned the coin meaning it's most likely dead. |
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Do you know if this is a follow up to the coinbase subpoena that requested information regarding customers who have transactions over $20,000 or more?
Yes. As far as I know, the IRS hasn't said where they are getting their info from, and I'd be surprised if they ever did since people would then know to avoid those methods. However, there have been loads of users on this forum and on reddit who have confirmed that Coinbase shared their details and they also received the tax letters. The IRS are likely receiving similar information from a number of exchanges, and will continue to push harder and harder until all exchanges hand over all customer details. If you have ever completed KYC on any exchange, at some point in the future the IRS will likely find out your trading history. I knew this would happen eventually, due to regulatory bodies cracking down on crypto. It also explains why Huobi Global and Binance have taken the initiative to open American based exchanges, while blocking further access from new account signups for U.S citizens. |
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10k+ taxpayers are receiving warning letters from the IRS. there are 3 types of letters---one is just a "soft notice" that is information-only, not alleging any misreporting. the other two are a bit more threatening. this is how one user on reddit described them:6174: Basically means they know you have crypto
6174-A: Basically means they think you broke the law and haven't paid your taxes, and may or may not start enforcement actions on you soon
6173: Means they are sure you broke the law, and are coming after you now. here's the article from CNBC. an excerpt: If you own bitcoin or other cryptocurrencies, you might want to check your mailbox.
The Internal Revenue Service is in the process of sending letters to U.S. citizens who own virtual currency and potentially failed to pay the necessary taxes and to those who improperly reported taxes on digital assets last year, the agency announced Friday.
“Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties,” IRS Commissioner Chuck Rettig said in a news release. “The IRS is expanding our efforts involving virtual currency, including increased use of data analytics.”
The agency said it started sending out letters last week that by the end of August will reach 10,000 taxpayers. The list of names was obtained through “various ongoing IRS compliance efforts.” In some cases, the IRS said taxpayers could be subject to criminal prosecution.
Last year, popular trading platform Coinbase alerted 13,000 customers that it was complying with a court order to provide the IRS with information on accounts worth at least $20,000 from the years 2013 to 2015. The IRS did not say whether its mailing list was a result of the Coinbase disclosures. and also an insightful article written by a tax attorney on the subject: Crypto Investors Don't Need To Panic About IRS Letter 6174-A, Here's WhyDo you know if this is a follow up to the coinbase subpoena that requested information regarding customers who have transactions over $20,000 or more? |
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I was surfing coinmarketcap website for new added projects just to stay on point but i saw few projects that was listed on CMC with ridiculous trading volume, imagine a project having only 3k traing volume get listed on CMC, my question is why did CMC list such project in the first place?
Coinmarketcap has been cleaning up lately, their android app is simply lovely, it really makes things convenient, like having the baked in crypto price converter. I believe that exaggerated exchange volumes are one of the reasons an Bitcoin ETF hasn't been approved. Too much market manipulation and uncertainty. |
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Having multiple exchanges is good, it drives the innovation by forcing competition, in the end only the exchanges who offer the best features and customer service, as well as remaining compliant, will be the victor.
This is a new sector within finance so the sector is constantly evolving, I believe we're still in the infancy stages of crypto-currency innovation, just imagine what 10 years from now will look, chances are there will be a new Blockchain that's better than All the current ones out now, or being developed.
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It obviously involves offline syncing somehow, maybe an alternative way to sync using phones or some other network of sorts? Possibly a universal ledger that syncs with other chains somehow? Sounds pretty interesting and I can't wait till they unveil exactly how it works. I'm guessing if a startup has figured it out, there are certainly other who are working on similar projects.
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It was only a matter of time before identification tools would be developed. I guess it is a gift and a curse. I can only imagine what they really have out there, or what is being developed as we speak, however it comes with the territory so i'm not surprised. The article claims that the tool is for tracking the dark-net users purchases or other illicit activities involving crypto-currencies, but my sneaking suspicion says otherwise.  |
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Proof of Authentication
Campaign: Signature, Telegram
ERC-20 Wallet Address: 0xb9c9F5B14619041337F747D4Af3A636CD44f30e6
I'm wearing the avatar but it's not showing up yet due to the cache I assume?
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 I'm not going to lie, I never had enough disposable income to invest in real stocks and bonds, but I've always wanted to learn how. Cryptocurrency made that possible. Just like a newb, I didn't do my "Due Diligence" and jumped right into trading on exchanges. Lost 75% of my money, then panic sold just for the market to go way way up. Now I go here https://www.investopedia.com/. I swear it changed everything that day when I found it. Also, practice trading with simulators and paper can really help. You can still learn something new every day in the world of crypto. 
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I think I've heard people mention it here on the forums before, that the volume has been on some exchanges, greatly exaggerated, one of the many reasons why I believe there hasn't been an official Bitcoincoin ETF yet, due to the market manipulation. It seems like things are slowly improving over time, it's going to be slow but if you look at how far the scene has come up to this point, I'd say it's we're making some progress.
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Hey, in this vast ecosystem of opportunity that we call "crypto-currencies", being that this is a relatively new field within the financial sector, there are bound to be just as many scams as there are legitimate dealings. Practice you're "DUE DILIGENCE" and make you're self aware of any potential flim-flams (scams).  |
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Hello.
I used to have a bitcoin wallet at crypto-markets.com. I can't find her now. Do you have any information about this wallet?
Thank you for your help
Disclaimer: "This is not investment advice, I am not a legal representative or financial adviser and for the record, I'm here just to post my opinion. For such advice, please consult with you're local professional"It would seem that you may have been scammed. I can't find the website anywhere. I figured that perhaps it might have moved domains but alas, my search has come up cold. You may have been a victim of an exit scam. The only thing that you can logical do for now is to swallow you're pride and take the loss. It happens to the best of us. I too have been scammed in one way or the other when dealing with crypto-currencies. You have no choice but to suck it up, lift you're head up and charge it to the game. The next step is to take preventive measures so the same mistake doesn't happen twice. For a few words of wisdom, "Fool me once, shame on you! If you fool me twice, shame on me!" Take pre-caution next time when choosing where to store you're digital assets. The best way to stop these atrocities is by preventing them from happening further. Only store you're money in places where you have access to you're private keys. Even then, make sure no one else has access to them but you my friend. Conclusion: Pick you're head up and move along, do some more research on the site where you stored you're funds in order to educate you're self so it does't happen again. Then you will be able to recognize potential pitfalls in the future! Amen brother/sister/etc!
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Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market. Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive? So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this? I think there is alot more awareness of cryptocurrencies today than there's ever been before. People are slowly starting to catch on and it couldn't be at a more perfect time. Bitcoin is still in it's infancy stages, I mean, hell, we haven't even recieved any official guidance besides from the IRS, and even they are being obscure about a few things, because it is a recently new sector within finance. I don't think that altcoins will become independent from Bitcoins until there is more regulatory guidance issued. People are kind of playing it safe. Bitcoin is the foundation of today's modern cryptocurrencies, so if it rises or falls, others coins will follow concordantly. At least that's how it has been up to now. In given time, hopefully all other coins will become Stabley independent. I see it as an advantage for now. It depends on how you look at the situation, whereas others may see discord, some will see an opportunity. Word to the wise! |
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