Perfect! I like the swift reaction of the FSA in this matter, because this exchange definitely has some explaining to do, and especially because of the fact that there was half a billion worth of funds (just from one single coin) in hot wallet storage. I seriously hope that if this exchange turns out to be robbed from inside, which is quite a likely scenario, that the people operating that exchange will suffer badly. It's too easy to blame hackers for something that has been planned and executed from inside. --- i`m tired of all the fake news in the media around this hack.I saw about 10 TV shows mentioning Coincheck,saying that this is a 500mln USD BITCOIN theft.What`s wrong with all the journalists?Can`t they make the difference between bitcoin and NEM coin?
People don't know NEM, so the media has to use something with more potential impact, which is Bitcoin. The bad thing is that this hack will force the Japanese authorities to increase the regulations over exchange platforms.
It's actually good. Exchanges by law should be prohibited from having that much in capital sitting in hot wallets, because it only leads to problems as the past has taught us. If this leads to stricter exchange regulations, then I am happy to see it happen, because these hacks aren't anything new (i.e a cycle that needs to stop), and they might scare off potential investors, so something has to be done.
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$10,000 is the ultimate bottom.
..... price tanks below that level.
$9500 seem to be a level with major market support.
..... price tanks below that level.
$9000 is the real bottom, analysis shows.
..... price tanks below that level.
$8000 is going to be it for real, because this or that line has not been broken before.
..... price tanks below that level.
$7500 is the next support level.
..... people, just give it up already, there is no support and analysis proves to be worthless time on time again. The market stops when it wants to stop.
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I cant wait to see that guy eat his testicles on live TV or whatever.
McAfee will just claim it was a 1:1 impersonator having said that, just like he claimed that his account got compromised when promoting utter shitcoins. We just have to accept the fact that the market has gone up too fast, and that the (understandable from that perspective) incompetence of this ecosystem mirrors exactly that. Important words to point out is that if we were to touch $5000 today as all time high, everyone would be jumping a hole in the sky from happiness, but now we have gone down back to $8000 levels, the market makes people feel bad. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) It's the pscychological nature of people that makes them feel bad. Great example is when people make like 500% in profits by selling at $10,000, they will feel very bad when they see that the market keeps increasing to $12,000 and beyond, and that while they made massive profits. The only bit of satisfaction comes from selling at the top, where people then see the price keeps tanking.
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I just think that people need to be aware first of where they're placing their money in by doing studying instead of just riding hypes. If you believe in btc, then you can just close your eyes and breath until this crash competes its course
People don't care to do proper research before they invest into something, that we have seen plenty of times already. The problem with people is that they don't know Bitcoin, and don't know how hostile this market from time to time can be. For that reason people will keep selling during a crash, and buy back their coins at near peak levels at a later point to repeat the cycle. No need to close your eyes. If people can't handle this market, they shouldn't be here. I am happily looking forward to a further decline as this allows me to buy back more coins with the funds that came from securing profits at +$15,000 levels.
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I pay enough tax already outside the crypto field, so I am definitely not letting to government eat off any of my crypto holdings. The downside of this is that my freedom to have it converted back to fiat gets drastically limited by doing so. It doesn't mean that I can't have it sent to my bank account, but these bastards register and report everything, which is forming quite an obstacle. Good thing however is that I am not a fiat centric person, which means that I gladly keep holding on to my coins for plenty of more years, just like I have always been doing. Don't get me wrong, I don't mind paying tax, but it has to be reasonable and limited - it's pure theft to require people to have them pay tax endlessly over the same amount of money.
It's a system based on debt that will drain your wealth bit by bit throughout the years till you have nothing left. Seriously, the majority of people only see their wealth shrink and shrink, where they will end up broke at whatever point in time. I am glad that Bitcoin allows me to outrule this poverty stimulating rubbish system.
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What a rubbish. Bitcoin has grown badly throughout the years, and that with the loads and loads of fud we have had to deal with back then. Point is that fud most of the times comes at well timed moments, and current situation isn't an exception. People have to accept that the crypto market in its entirity has grown way too much and way too fast. It shouldn't come as a surprise that this ecosystem is badly struggling with the increased demand, which clearly shows that we are not ready for this growth, and that the market is bound to fall back down after being insanely overbought. People expect too much from this market, and that shows. Smart people have taken their profits at +$15,000 levels, and are slowly buying back in right now.
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the sell pressure is too much for now to have any kind of rise in my opinion. it doesn't seem to be coming from normal sources either. i'm afraid we might have a longer downtime than previously anticipated.
The thing is that without anything bullish events or happenings to focus on, the market gets bored, and if the situation doesn't change, traders either cash out, or move their funds over to the altcoin market. In this case the majority of the altcoins are bleeding too, except for Ethereum. It perfectly shows how the majority of the people involved in this market are purely chasing quick profits. I however can't complain because I am offered the opportunity to buy at these lower levels. THIS is time where you enter the market, and people don't see how much of a fantastic opportunity it is due to their panic and fear. Buying the market down in smaller chunks is the best option as it will allow you to lower your overall buying price.
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I am a happy Euro buyer. Euro value versus the US dollar has been increasing significantly lately, and now the Bitcoin price is decreasing as well. It basically means that it's a winning situation on top of another winning situation for me. I am buying in smaller parts on the way down, and will continue doing so till the bottom is reached. It's impossible to guess what the bottom will be, but I'll just let the market surprise me. If the $9000 level holds, we might be up for another bounce up, but if not, then we will *probably* have our next target at lower $8000's.
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Hacking and robbery are the big problem to solve in the future regarding crypto. The recent news about robberies are alarmimg. If we think that each person with crypto is a bank with legs, than the robbery market increased a lot, because today is no longer need to rob a bank, better know who owns crypto and steal that person, less dangerous and risky to thiefs and equally if not more profitable.
If you refer to the latest articles, then it's obviously the stupidity of people feeling the need to brag about their crypto holdings that puts them in such situations. People are not willing to talk about their fiat wealth, and find it even rude if someone is asking how much they have on their bank account, but when it comes to crypto, they are all open about it. Some are even so stupid, that they mention how much they have made in the last years on social media platforms as Facebook, where in their picture gallery there are pictures of their house, family, location-tied posts, etc. If you are looking for problems, then this is definitely the path to follow. How hard is to keep your mouth SHUT?! ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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This is probably just the beginning. I have a feeling that we will see more traditional parties start aquiring businesses related to crypto, just to get that growth exposure. Advantage is that in comparison to traditional businesses, the crypto industry is rather small, and for that reason offers entities a much lower entry point in return for something with a much higher potential return value. On the other hand, throughout the years it has been proven that investments in whatevery crypto businesses have never been able to provide the returns that Bitcoin or any other coin can provide you. From that perspective one is technically better off just buying crypto directly, but their main goal is to strengthen their business portfolio and thus their own core business value.
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These articles should be featured and put in the spotlight by the mainstream media, and not all the rubbish fud articles regarding South Korea and whatnot. I have (yet again) seen yesterday that the mainstream media takes everything out of context, where they even blow it up in such a way, that according to them, the Facebook crypto "ban" is another 'major blow' for cryptos after so much bad news already. Great thing is that the video itself, and other videos with this hidden agenda journalism, are being downvoted and disliked a lot, thankfully. It shows that the majority of the people don't like their way of acting. Japan is THE front leader when it comes to how a country should allow new technologies to grow.
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The good news is bitcoin has crashed and now we can return to non-silly valuation. I'd be happy to see a fall to $6k, then no growth for a year.
Can't agree more. People have become so used to close-peak prices, that every level we see today and tomorrow leaves a bad taste in people's mouth, and that while we still are up almost 1000% compared to last year's price. If it's up to me, I would want it to drop significantly lower than $6k, but that doesn't seem all to realistic right now. That would help our cause. Not your "cause" of getting rich. Our cause of disrupting banking.
That's exactly what I am waiting for to happen, but we are unfortunately an extreme minority. If we really want to initiate a revolution to at least attempt to disrupt the banking system, we need the mass, or at least a good percentage of the mass to follow as well. At the end of the day, it's the numbers (the mass) that count, and as long as we don't have the numbers on our side, the banking system keeps thriving as strong as they have always been. No mass = no gas to fuel the revolution.
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I was really shocked when I see withdrawel fess!!!! omg... Most of Xapo users are using it because of faucet claiming... So people are working on faucets just to pay xapo withdrawel fees?
You are shocked because you are probably a faucet farmer as well. When the price was like $1000 faucets were already an utter waste of time, which is far worse now due to how the price has gone up. People shouldn't blame Xapo for charging network fees. People should blame themselves for putting a lot time into something that won't even cover the transaction fee of Xapo or any other wallet service. It's probably a good time for anyone to quit making use of faucets, because faucets and other few satoshi earning options only clutter the network with their garbage. If you don't want to quit, you are obviously free to keep wasting your time further, but at least don't complain - again, it's not Xapo's fault.
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Friends do you think whether the bitcoin of the $ 100,000 course in 2018 will reach. I ask your opinion to justify why you think so. My answer is, yes, I think that bitcoin will be worth or at least will affect this price, because the crypt is now in the growth phase, technology blockchain will be introduced everywhere in different industries.
You just think that the market will reach $100,000 without at least providing one valid reason to back up your claim. People for once need to get rid of the thought that this market will shoot up like there is no tomorrow. Seriously, nothing at this point justifies a $100,000 price for this year, with how limited Bitcoin at this point in time still is. I don't even think that Ligntning Network will be able to get the market to reach such levels this year. Last year's percentage growth (almost 2000%) was insane, and will likely not be replicated in the same manner again. One more fact, Winklevoss Brothers will not sell their bitcoins even at $ 380,000, and I'm just talking about a $ 100,000 price. I think that soon we will only dream about the price of $ 10,000!
Eventually there will be a time where people look back at the $10,000 level (has also been the case with $1000, $2000, etc), and blame themselves for not having bought at that time, that I agree with, but that doesn't mean we will reach $100,000 this year. Let the market grow in its own manner, and focus on more realistic targets for this year. Also, Winklevoss twins are insanely wealthy already, so for them it's peanuts to keep holding their coins for the very long term without selling any. The more you have already, the less urge there will be to sell any of your coins, that's a fact.
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With all these negative news around Bitcoin and crypto (tether, bitnifex, facebook ban, XEM hack, general downtrend, etc.) I would not be surprised if the price of BTC could only grow after a couple of months around June/July. If we will get more bad news about the market, for example Tether crash, I can easily imagine that we barely touch the range of 20.000 USD at the end of the year.
1) Bitfinex and Tether have been a potential problem far before the bull run last year even started. 2) Facebook ban? Try harder. Facebook got rid of crypto ads because of how scams were given the freedom to grow larger and larger. Great move! 3) XEM hack didn't had any impact on the market aside from the XEM market itself. The stolen coins are pretty much worthless in current tainted form. It seems that people start to believe everything that pops up in the media is negative news, which quite embarassing to be honest. Seriously, how old are you guys? This market isn't a playing ground for noobs and other immature gamblers who are here solely to get rich quick. You guys are absolutely not ready to handle a market like this.
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Seriously. Just stop! You are making people sell and lose their effing money.
Naah. Calm down. I was going hard against kwukduck in the past as well, but he is just one big troll laughing hard seeing how people here go nuts on him. If you noticed his trend throughout the years, then it's clear that as long as he remains acting like an ultra bear (which in reality he isn't) thinking that Bitcoin will crash and whatnot, the market will keep going up. Seriously, I would start to get worried when kwukduck suddenly turns into a perma bull - that probably would be a good moment to start selling big time. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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But last month when bitcoin network was crowded that time their standard fee was around $100. Now bitcoin prices also came down so we see less fee in terms of dollars.
Huh? Bitcoin's highest network fee was just over 0.0025BTC which basically means like $50-$60 in fiat at the highest point, so I'm not sure whether you have miscalculated something, or that Xapo itself thought it would need to ask for that much in fees. Either way, good thing is that they make use of dynamic fees that change based on how congested the network is. It should prevent people from having any sort of legitimate complaints towards Xapo regarding network fees. Xapo however is infested with small scale users and faucet/bounty farmers (especially in their free external transactions period), so these unfunded complaints will likely remain chasing after Xapo for ever.
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What do you think about the use of cryptocurrency in the money laundering?
Nothing. I don't care whether or not people use crypto currencies to do money laundering. I don't even care if they buy drugs and weapons with Bitcoin. It's not fair to just point at crypto currencies since basically anything can be used to get rid of 'dirty money' or to settle illegal transactions. People quite often tend to exaggerate in thinking that Bitcoin allows criminals to do this or that, while they completely discard the fact that all illegal things done with fiat, are far (like really far) beyond that what's happening with Bitcoin. People thinking that Bitcoin is being used by criminals should start questioning how the USD is being used to finance wars, terrorism, human trafficking, etc. I even believe that Bitcoin is a pretty bad tool to do illegal things with, due to how transparent everything is. Can Bitcoin be used to quickly move wealth from one country to another? Yes, but that's all up to the people themselves, and this is nothing illegal. Governments should look in the mirror and ask themselves why people want to take their capital away from their own country.
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Is it true that bitcoin is like a bubble ?
Yes, Bitcoin is a bubble that will be reaching $100,000 at some later point, so sell your coins right now and buy back at $100,000.
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I wouldnt sell my bitcoins and altcoins at this price, it is insane. Nobody is selling, that is why the price is stucked at 11k. I think that in the second week of february, all the coins will start to grow again, and they will reach its value within two weeks. You have to be strong and hold all your coins or you will regret in less than a mounth.
You're not selling your Bitcoin? Good choice. You're not selling your altcoins? Horrible choice. Altcoins are pumped up badly as we speak, and that was mainly due to the fact that Bitcoin made room for altcoins to grow by taking a step or two back. As soon as Bitcoin jumps up, altcoins will start tanking again, where we also have to take the possible effect of Lightning Network on the altcoin market into consideration. With LN on board, people now sitting in altcoins due to Bitcoin's incompetence will flow back into Bitcoin, causing the altcoin market to bleed badly. In other words, use the current pumped up altcoin prices to convert them to Bitcoin, which basically means that you're getting more bang for your buck.
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