Litecoin is still an extremely strong coin and this is why:
[snip]
It was the #2 coin for ages but is now #3. Poloniex doesn't feature it as a second trading pair (instead they feature Monero). Bittrex doesn't bother with a second trading pair at all. The only people still into LTC appear to be the Chinese, but how long till they get bored and move onto something else? |
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I think they sell them over the counter to the Chinese exchanges for a discount, and then those (fee free exchanges) sell them for market value to their speculators. Some of them are starting their own trading platforms to shift the coins: http://www.coindesk.com/bitkan-1-6-million-series-a-bitmain/Beijing-based mining giant Bitmain has invested $1.6m in bitcoin-focused data and trading services provider BitKan. |
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Well Bernie got shellacked. And all the upcoming primaries are closed as well. If he had any sense he'd concede - but there is a lot of money involved. For example his family are being paid to be on the campaign staff, his campaign managers are getting commission for all the television ads they place (which is why he is outspending Clinton by vast amounts even though he knows it's a waste). They're going to milk the election train till the very end.
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Try the following: https://bitinfocharts.com/I like it for monitoring transactions in the last 24 hours. If a competitor to BTC shows up it will be in the transaction data first. Coingecko is good for monitoring the social reach of an alt (though some of their stats can be manipulated, eg fake tweets, fake reddit subscribers and so on) |
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It's very, very expensive to maintain a financial license. You need a lot of money monthly for salaries,accountant, due diligence shit, taxes, compliance, rent, lobby expenses, advertising and many, many other things. It's a legit business and the legit businesses in the financial field are costing A LOT Coinbase is doing the same. They have licences in almost all USA...much more expensive than Gemini.  . IMO, they will go bankrupt if nobody will pump money in them(no stupids to "invest" in a black hole from where they will never see any money back). You need massive volume to make it work. Which is why Coinbase is so upset about the blocksize limits - they cap the amount BTC is used and are therefore a threat to their business model. |
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If I remember correctly, their volume was slowly growing and one day somebody fat fingered a sell order at really really low prices, others had some buy orders ready to scoop up the super cheap bitcoins and thought they had made a killer deal. Somebody sent a message to the admins of the site and they reversed the transaction! Obviously this scared off everyone and now very few people want to use it.
This. It started off successful but the fat-fingered client got his trades reversed, and the counterparties lost money and exited the exchange. That's totally a shitty thing to do, and it's crap like that that tarnishes bitcoin's reputation--as unjust as that is. I'll have to read more about this. Here you go: https://www.reddit.com/r/Bitcoin/comments/3ss945/just_got_this_email_from_gemini_about_the_2200/https://www.reddit.com/r/btc/comments/3ss6kr/gemini_is_reversing_trades_wtf/There's 192 comments on the first thread and 132 on the second... |
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When these are your out-goings : 22,000 EUR per month for C++ development (down by ~75%)
65,000 EUR per month for Go development (down by ~10%)
5,000 EUR per month for Python development (down by ~50%)
13,000 EUR per month for IT, hosting, maintaining build servers, release coordination, etc (down by ~35% with more cuts likely coming soon)
6,000 EUR per month for communications (down by ~85%)
20,000 EUR per month for research (roughly unchanged)
40,000 EUR per month for top-level administrative and executive staff, accounting, office management, legal and other expenses (down by ~50% with more cuts likely coming soon)
( Taken from the latest blog post https://blog.ethereum.org/2016/01/07/2394/ ) ..It is impossible that they are shutting the forums down due to financial reasons. Certainly not because of a pissy $300 a month. There is obviously more to it. Just don't know what.. .. ps.. That is some serious cash they are burning through.. That is serious cash they are burning. It's a bit like what went on in the dot com era when start-up capital was burned through extravagantly and then they all crashed and burned when the money ran out. I wonder if the real cost of the forum was the 13000 EUR listed for "IT hosting" etc - in other words they are paying over the odds for someone to manage the forum. |
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If I remember correctly, their volume was slowly growing and one day somebody fat fingered a sell order at really really low prices, others had some buy orders ready to scoop up the super cheap bitcoins and thought they had made a killer deal. Somebody sent a message to the admins of the site and they reversed the transaction! Obviously this scared off everyone and now very few people want to use it.
This. It started off successful but the fat-fingered client got his trades reversed, and the counterparties lost money and exited the exchange. |
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I have only used them once, the fees are horrendous!
that's really normal for instant exchanger to take a "little bit higher" fee than any other exchanger which require you to verify your ID by uploading so many important identifier thing and it's really disturbing i'd say Every time I read a story like this, I'm happy that I don't keep the majority of my funds on exchanges. But it's still negative press for Bitcoin sadly..
i don't think you can save your btc on shapeshift,it'll exchange your coin and send the selected coin directly to your address That's what I assumed how it works. The model business is that hey offered a way to exchange coins without having to deposit them, which would make the risk of getting your coins stolen impossible. The profit they would make, is from the fees of the transaction. Now, what I assume that was stolen, is this amount of fee money they made (their money) and not anyone's elses money. In case im wrong then someone please explain it better. You are correct - it was their profits from fees that were stolen. Props to Voorhees for sharing the detail of the story - that way other exchanges can improve security - such as getting an external security expert to audit weaknesses and sweep the servers for trojans such as the one "Bob" placed in the Shapeshift set up. |
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Hy all
Some time ago my wallet at BLOCKCHAIN was hacked (AND THEY DON'T WANT TO HELP ME IN ANY WAY) - partially by my fault not turning 2FA on and there was a hacked phissing site of blockchain rooming around (FOR WHAT I THINK IS THE BLOCKCHAIN RESPONSIBLE),
Blockchain isn't responsible for phishing sites. They're only responsible for their own site. Where did you see the phishing site? If it was on a Google ad, you could try contacting them (with proof) as their own terms and conditions prevent them advertising scams. If you haven't got any proof, then you've lost your coins, sorry. |
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It has become clear in the past few months that you cannot rely on the bitcoin network, specially if you want speed.
Until some scaling solution is adopted you should abstain from transact on the network.
Yup. I've taken to converting to doge to move things around. It's quick and low fees too. the BTC network is just too congested (though people will deny this till they are blue in the face). |
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no one mentions the real value
microtransacts
RDD has consistent solid supports
and social media platform which all the new new ICO of the week flout
Most microtransactions are done via Doge. What does redd offer that doge does not? i guess alt_Doge +plus easier to acquire blockchain [if you use pain of downloading measures] +you get paid to stake, whereas Doge is you pay the ASIC network (so choice) The stake is low. More importantly, for a "social coin" that has been going for two years, not many people use it. See https://bitinfocharts.com/In the last 24 hours there were 13,343 doge transactions but only 2,781 RDD transactions. That's poor. |
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A pseudonym for the thief - I guess they can't release his name until he is charged with theft. That is, if the libertarians at Shapeshift believe in getting govts and law enforcement involved. P.S. That article was a good read |
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If you are American you are restricted to those sites that comply with the US money laundering rules. You could try bitstamp which accepts dollars and allows you to trade. As others have said, Circle makes it's money by a "spread" - charging slightly more than the market rate for your BTC.
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also you should add another step, maybe between #1 and #2 step 1.5: hire shills, pay idiots also set up a lot of bots and tell all of them to start spamming all over each social media that is remotely related to crypto currencies. The spamming definitely worked because the price rose after pretty much everyone who had ever posted on the bitcoin subreddit was spammed with a private message promoting Ether. You have to give them credit for understanding the psychology of marketing. |
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That's interesting - it tends to mainly be countries in Asia that have banned BTC. Not a single African country has bothered - so I guess that is where we'll see growth, especially with the m-Pesa network. Wouldn't it be funny if African leapfrogged Asia simply because they took the decision to accept bitcoin's ground-breaking technology but the Asians didn't? History is full of small decisions like this having massive repercussions. |
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Oh wow. I guess they arn't going to take over the #1 crypto spot any time soon.
I don't understand why they didn't just ask the forum users to donate a few coins to keep the forums going.
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You don't have to use Google you know. You can use Mozilla Firefox for a browser instead of Chrome. You can use yahoo mail or microsoft mail instead of Gmail. You can use DuckDuckGo as a search engine instead of the Google search engine. For those who don't know, DuckDuckGo doesn't track you. Here's the link: https://duckduckgo.com/Google has its scripts on about 80% of every page on the internet. Even if you use a script blocker, a lot of sites like Cloudflare + Captcha REQUIRE you allow Google to even access the site. Even so - the more you block them (and don't use their services) the more difficulty they have tracking you. Do you know why they have such a dominant position? Because people say, oh well they are everywhere so no point using any other search engines. These other search engines basically redirect to Google for answers and queries and search tabs. I don't really see any point in it. But yea, thanks for the note. DuckDuckGo doesn't redirect to Google. It really is a separate stand alone search engine with it's own search engineers. But I guess people don't want to try it out because if the mighty Google fell, who would they have to moan about? |
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Well Justin Trudeau was a Math teacher. The press focus on how he spent his time doing ski instruction in his vacations as a student, and on the fact that he did a bit of drama teaching on the side - but his degree was in engineering, so yes, an aptitude for math and science. |
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You don't have to use Google you know. You can use Mozilla Firefox for a browser instead of Chrome. You can use yahoo mail or microsoft mail instead of Gmail. You can use DuckDuckGo as a search engine instead of the Google search engine. For those who don't know, DuckDuckGo doesn't track you. Here's the link: https://duckduckgo.com/Google has its scripts on about 80% of every page on the internet. Even if you use a script blocker, a lot of sites like Cloudflare + Captcha REQUIRE you allow Google to even access the site. Even so - the more you block them (and don't use their services) the more difficulty they have tracking you. Do you know why they have such a dominant position? Because people say, oh well they are everywhere so no point using any other search engines. |
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