Feel sorry for that person, but it just shows how important it is to buy a brand new device from the original source. I am so paranoid about everything, that I would never ever purchase a second hand hardware wallet, even knowing that I can just wipe out everything and have it reset to a brand new state. I am not using hardware wallets at all, and will definitely not do so when it comes to the majority of my cold wallet coins (has nothing to do with this article). The only reason I might end up buying a hardware wallet, is for some other wallets that I regularly spend from. But the only thing that is a bit confusing here, is till what extend does the value of the stolen crypto funds account for his life savings? 50%? 75%? 100%? If 100%, then it's an utter stupid move.
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Oh no, this means one thing, and that's genesis mining gaining a whole lot more empty headed chickens as "investors". Genesis mining is exempt from all the drama unfolding in China due to the potential mining ban, because they aren't mining anything. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) This however is just a temporary action, because once the farms are relocated, they will be back in the game. The only thing I like about this is that China will no longer be the central point of the majority of all the network power, and that we should all be happy about.
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In the near future, the technology of atomic swaps will solve this problem. P2P payments will replace exchanges, as well as lead to a decrease in the amount of crypto currency.
Nah. Point is that there is enough room for both centralized and decentralized exchanges in this market. Institutions and other professional parties are tied to very strict regulations, and for that reason will never be able to trade outside a centralized environment. People will have the freedom to choose whatever option they feel comfortable with. The majority of the simple minded average joes not caring about decentralization, will always stick to the centralized exchanges, and those who care about decentralization, will know what to look for and where to go. I think that's a fair enough market offering place to all sorts of people. As much as certain people don't like the centralized exchanges, they are here to stay.
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If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.
It won't do that much for the price. Thing is that Microsoft has done the same more than a year ago, where people were worried about why they did remove Bitcoin as payment option, but Microsoft then stated that it was a mistake from their side after many complaints. It would only have had an impact if people were actually using Bitcoin to pay for things on a massive scale, and that's not really the case, otherwise Microsoft wouldn't even consider to *temporarily* remove Bitcoin as payment option. What doesn't contribute towards growth, can't be missed when removed. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Bitcoin’s dominance on cryptos is as low as %33. Big rocket is coming...
Correction, Bitcoin's market cap dominance. Let me tell you something, it will keep dropping as long as altcoins get pumped while Bitcoin remains relatively stagnant within a certain range. People act like it's Bitcoin losing here, but it's just a normal reaction of the market. Money flows into that what is moving. In other words, altcoins are in the spotlights right now, which is why they are growing in market cap. Once Bitcoin is moving again, altcoins will start getting dumped to the ground, like what happened last year when Bitcoin was pumping.
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Wealth distribution will never be fair. People with an average income, and even those who live below the minimum standard, will always end up selling their coins, and buy them back at higher rates. It all comes down to their financial position. Bitcoin won't stand still to wait for people to buy back their coins at the same levels, the past has been the perfect example of that. In other words, the price will only increase further. The aforementioned category of people will always face situations in life where they have to cash out their coins to fill up the financial gap in their personal life. People with enough money already on the bank don't have these problems, and thus have enough time and patience to keep holding everything for long periods of time. When we're like ten years away from now, there will be a supreme elite in terms of Bitcoin holders. I wouldn't be surprised if we come close to current fiat wealth distrubution in terms of percentages.
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I have already seen some local news sites report that Bitcoin had to suffer yet another major disappointment due to Microsoft "stopping" with accepting Bitcoin. It's funny how they constantly are looking for negative things so they will be able to hammer down on Bitcoin. Are they really that frustrated that Bitcoin is doing so well? Are they frustrated that they know they missed a major opportunity to buy at sub $1000 levels when they had the chance? Is it pure hate towards something that isn't issued or controlled by whatever government? I seriously can't wait for LN to become ready, because that will make Bitcoin such an ultimate payment/transacting tool, that they will then start to realize how superior Bitcoin is to their shitty centralized payment platforms.
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What a greedy bastard the government there is. It looks more like a project that is meant to attract capital, than serving as actual payment tool for people in the country there. People there shouldn't want to get involved in such a shitty "project" reeking of greed. I seriously wish Bitcoin had LN enabled, which would be a tremendous help for the people there. They need a reliable and non governmental currency to work with, and not something issued by a government only out to nurse its own greed. It's again ME ME ME ME what Maduro is doing, which I am afraid of will push people there even in deeper problems when everything collapses.
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If this time trade you will probably lose a loss of money, and that is not wise at all. In my view, you should calm down, control your emotions and continue holding until the Bitcoin rate increases again before trading, thus avoiding losses. I believe the Bitcoin exchange rate will increase rapidly over the next 3 months.
Trading just requires at least some volatility, and as long as that aspect of this market is there, trading can always turn out to be a profitable practice. Funny thing is that people always believe their own theories are the right one to follow, where they completely overestimate themselves, and thus get eaten by whales. Holding, if you are mentally capable of withstanding this market's fluctuations and drama, is basically the easiest thing to do. It feels incredibly well seeing your wealth increase year after year, and that without doing anything. Seriously, having money in your savings account costs money, while if you dump that garbage in Bitcoin, you'll gain in purchasing power. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Yes, some idiots have mortgaged their house to buy BTC.. idiots gonna lose their house, are you gonna cry for them? Maybe the BTC will go through the roof and they will get richer than you, and won't cry for you.
The problem isn't really Bitcoin itself, but the unstable nature of the human being. I am confident that Bitcoin at some point will break through $100,000, but how will these noobs react when we go through a massive selloff? It must be tough for them to watch how just in a matter of days, the market goes down with 20%, where they will probably try to cut losses before it tanks all the way back to zero. If I listen to what average joes say about Bitcoin, then the one thing that's always returning is their 'believe' that Bitcoin can become worthless overnight. For that reason they will sell at a loss in an attempt to prevent further losses, and buy back when the price is going back up again, where the cycle continues. People have to suffer for their own wrongdoings, I seriously don't feel sorry for them.
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A website affecting bitcoin prices? Sure, anything but bitcoin being overbought.
It's a poor market reaction if such a shitty noob site has so much impact, but the market in its entirity is overbought. Just look at Ethereum for example, a coin with nearly 100 million in total supply, it's worth nearly $1300, which shows the insanity of the market. It is just over a year ago that Bitcoin itself was still a sub $1000 coin. Either way, the drop was nothing more than peanuts looking back at how this market has gone up, so a lot of drama on social media and on crypto news sites for nothing - they have to attract people to click on their rubbish articles.
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I think there have to come some solutions in the future.
Blockchain.info has been known to be reluctant to implement fixes, and this concerns their entire site/platform. People have had to suffer from all sorts of annoyances, that even till this day haven't been dealt with, and that means the bugs/glitches and whatnot have been there for plenty of years now. Looking at their past behavior, I seriously doubt they will do anything to fix these "minor" issues, especially with how they allocate more time to 'important' stuff due to the insane user demand. It's perhaps not what you want to hear, but they don't care about you.
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This ecosystem experienced a level of growth that usually should take two or three years, in just a single year, which explains the problems we are suffering from. That however doesn't mean that we should grant services in this market too much slack, because in some cases I have the impression that they use the high demand as excuse to cover up their own incompetence when it comes to running an exchange in a professional manner. That especially goes up for exchanges as Bittrex, which has been messing up big time in the last months with thousands and thousands of accounts being blocked. If you want to get your account active again, it takes longer than a month in some cases, and when you ask for status updates in the meantime, they even ignore you further. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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For the pass five days we have been find indecision in bitcoin pricing and I hope this is to the holders favour! I have started having a little panic as most of us may have the same feeling and I did not expect bitcoin to fall below $13,000 as this is going to push many to loss. What happen next?
Nothing is happening that requires people to get worried. If you do get worried, you're probably not home in this market. We just have to accept that this market reacts on bullish signals such as future markets going live, Lightning Network being close to activation, etc. If we don't have any of that all to look forward to, the market simply doesn't know how to behave. If we look at things a bit further, it seems that the market, despite the wide range movements, is somewhat consolidating, which is a good thing. People should just relax and understand that the price moving up to $17,000 doesn't mean we're continuing the previous bull run, and that when we fall down to $12,000/$13,000 levels, it doesn't mean we're entering a bear market.
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Now clients connected to his bank are investing in Bitcoin, it's suddenly time for regrets, smart mainstream media move. I from the very first moment didn't believe his 'Bitcoin is a fraud' claim. It was nothing more than him abusing his position in the financial world to get Bitcoin to tank, which it somewhat did, but I am sure that he was hoping for more. I however find it a bit embarrassing that he used his position as backup, where I am also inclined to think that his action is very much related to insider trader. I think he can thank Bitcoin's unregulated nature for going out free in this case, because usually when institutions do something like this, it has severe consequences for them.
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Japan has been the front driver of the initial boost of this market last year, where South Korea started to contribute heavily with growth as well after that. Bitcoin's utility will grow beyond what people think is possible right now, when we finally have LN on board. Bitcoin in its current form is an odd way of conducting payments on local level, especially when it comes to smaller purchases people need on a daily basis. If on top of that also the entire ecosystem steps up, and not constantly choke on the increasing demand, we'll be able to experience a much better and healthier form of growth. It's pretty annoying that half of this ecosystem isn't ready for all the people flowing into this market, including the fees that form an obstacle for those who are looking to spend their coins.
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Are you kidding us? The services board is full of suggestions of free bitcoin transaction accelerators! The first transaction is actually for free and if you want more you will need to use services of another guy or to pay the first one. The prices are different here, the one who's help I have used asked for 0.0001BTC which is actually not so much, but then I have added to that the transaction fee and I decided that it doesn't worth such costs, I better wait a bit more for the confirmation.
Free doesn't exist in this world. If someone is offering transaction accelerations for free, he hopes to get tips or perhaps positive trust, even when that person isn't explicitly stating it. It's well known that someone who is desperate to get something done (in this case getting a transaction confirmed), will feel the need to give something back, and in case there are no funds, the easiest thing to do is to leave trust since it's free. With some logical thinking, there is basically no need to use these accelerators, where you can also just accept the fact that you have to wait a few hours.
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As Exchanges Stop Accepting New Registrants and Require More Identity Verification — A Great Number of Fully Verified Accounts Are Being Sold for Bitcoin
Only desperate idiots buy these accounts. If for whatever reason you're forced to show a time and date stamped selfie, you're busted. You can show as many ID card scans as you want, it won't be of any use. On top of that, you are committing a crime called identity theft, which in most countries results in severe penalties. But as always, this forum is so free and open, that basically anything is somewhat tolerated to be put up for sale here. And the argument that prohibiting these sales on this forum has no use because account sales will then be held elsewhere, isn't a good one. The forum should act accordingly and ban all this nonsense once and for ever.
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Coinmarket cap is a noob site anyway. But I can somewhat understand the reason for them to remove South Korean prices, mainly because of how they are showing similar patterns to how the Chinese exchange giants were in full operating glory. They at some point have been taken out of various statistical sites later on, and rightfully so. South Korean exchanges were looking more like a circus than actual legitimately volume generating exchanges. I always look at Bitstamp or GDAX for exchange rates, and all other exchanges don't have much value for me. Bitstamp has always been a reliable exchange in terms of its price, and that consistently throughout the years, and it's still like that today.
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Hahahha... Many are loss...
How so? People only lose if they end up selling at a loss. If you just keep holding your coins, which is the only right thing to do, then you won't experience any actual losses. People for once need to take distance from being so fiat centric - losses on paper in terms of USD value isn't a loss. If you bought 1BTC, regardless of the price, you'll always have that 1BTC. People were laughing at others for having bought at $10,000 when we reached that level for the first time, and look at who's laughing now?
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