According to the latest information from Bitcoin.com, they have reported on this. I don't know if this is a bad effect or a good effect on the market? Everyone can make a point here.
So you think that bitcoin.com is a legit source of information that posts real news?I think this is fake news. Wasn't bitcoin.com ruled by Roger Ver and the BCH supporters? If this is really true,good for the central bank of Venezuela,but I doubt they will buy and hold bitcoins. |
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Major impact on what?K-pop music?Don't make me laugh.  We know that South Korea is one of the crypto-friendly countries,where the corporations show interest in blockchain technology and cryptocurrency adoption.Anyway,I really doubt that K-POP coin or token will be really successful.Building a new blockchain from scratch is pointless. |
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The veteran investor of hedge fund, Mark Yusko has said that it is not the right time for sell and Bitcoin (BTC) is only showing a buy signal. Yusko gave this statement in an interview with CNBC on 27th September.Read More: TheCoinRepublic It's sad to see that the confused newbies rely on such news in order to make buying/selling decisions. Unfortunately that's how market capitalism works.The people,who don't know how to manage their money(or coins)usually lose them and the money goes to the people,who do know how to properly manage them. I don't care what Mark Yusko says.Panic selling is always a bad decision. |
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Why are people obsessed with doubling and tripling their money?If you make a consistent 20% profit,you can double your money in 4 months.This is the so called "rule 72".If you want to double your money immediately,just forget about trading and go gamble(you will lose everything eventually).
ICO trading and 4-5times return?Is it 2017 again?I thought that ICOs are dead.
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The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
Most of the underdeveloped countries have populist governments,that spend a lot more money than they can gather from taxation.This creates more debt and weakens their national currencies even more. Another problem is the "poverty trap".There are too many young people and not enough money for education,so most of the young people grow up uneducated and therefore poor. I don't believe that anything positive can happen in the underdeveloped countries. |
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I like it when people consider normal market behaviour "a conspiracy". The bitcoin price was staying at 10K USD for too long.It was obvious that there wasn't any support coming from new buyers to push the price up.Everyone was waiting for Bakkt to bring the new bull run,but that didn't happen so everyone is selling.That was explained many times on the forum,but the newbies don't understand it and they keep searching for a conspiracy theory. |
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My favorite youtube channels about finance and economics are:
1.Graham Stephan-Real estate,financial advise,saving,making money(nothing about crypto).
2.Economy Explained-It's more about macroeconomics and why some countries are wealthier than others.
Which ones are your favorite Youtube channels about economics and finance?
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rump banning bitcoin..common, let's be serious. He has no reason why, nothing to gain from and I'm 99% sure he doesn't really have a clue how it works.
His actions against the petro are only because the moron in Caracas managed to draw all attention on it and labeled it as the 128121721th dollar killer. It's not Trump.It's his team of advisors or some congressmen in the US congress.They could easily pass the bill of banning bitcoin and all cryptocurrencies,if Wall Street or FED tell them to do so. Even Trump can ban bitcoin.He's unpredictable,if he sees any minor benefit of a cryptocurrency ban,he would definitely go for it. |
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This Question is for all members who understand Crypto-currency Tax in the United Kingdom:
What TAX do you pay when you withdraw your crypto-currency earnings in Pound Sterling (£), using your UK bank account?
- Is is Capital Gains Tax OR Income tax?
I'm not an expert in the UK legislation law,but capital gains tax is paid on savings that you've invested,while income tax is paid on the money(or crypto) that you have earned,while working online(freelance or something else).Do you see the difference?I guess that profits from long term crypto trading should be considered capital gains.I'm not sure though. |
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I can relate to people,who say "blockchain is awesome,but bitcoin isn't".I really do understand them.
Even Andreas Antonopolus is in that "tribe".Many financial experts/advisors don't want to say "I like bitcoin",because it's still too blurry,manipulated,risky,volatile,etc..
This mentality might change after 10 years,if bitcoin survives until then.
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Seeing that bitcoin has long been impossible to mine on a regular computer began to ponder the question of why the development team does not seek to switch to another algorithm to stop the mining of coins by large corporations and return to the canons that bequeathed Satoshi. It may be worth switching to the pos algorithm, you will not need to spend a huge amount of electricity and investors will be able to receive passive income for storing coins. There will also be no need to be afraid of the quantum computer. Interested in everyone's opinion.
If it gets easy to mine bitcoins on a PC,bitcoin will lose it's most valuable feature-it's scarcity. If you are such a big fan of the POS algorithm,just buy and HODL one of the altcoins that use POS algorithm. No need to try to advocate bitcoin core changing it's algorithm(POW vs.POS is a pretty old topic).It won't happen anyway.We can't just change what works. |
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Could it that a big group of miners agreed to each to suddenly stop their operations in unison so that they can create a market scare? Of course it is one of the big possibilities out their since I don't see any good explanation how it would dropped that fast, I don't see any notable calamities that had struck any major countries that are big on crypto mining so that couldn't explain the drop. Other thing I see is that a lot of miners are the first ones to bail out on the industry when they think it was bearish, when they are the ones who have triggered it in the first place. It did took a way a lot of market confidence from a lot of people given the price on what we have now.
The possibility of a crypto miner market cartel is always there.Maybe the miners want to create panic or maybe some big miner was struck by some secret attack. Anyway,there's no room for panic or drama. Like many other forum members have posted before:"if the hashrate does down,difficulty goes down as well". There's nothing to worry about. |
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651 million USD can't cause a price drop that would lead to billions of the global bitcoin market cap disappearing.I forgot about the investigation against Bitmex,thanks for reminding me.
The traders "sold the news" and now,we have the opportunity to buy some cheap btc.
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Thanks for explaining how options trading works.It might be useful for some newbie traders,but I already know how they work.The risk is less,but it's still there.If the bitcoin price collapses and the option expires,you lose the price paid for the option-$100.Not bad,but if you bought bitcoins directly,there's still a chance that bitcoin price might recover and you could get profit in the long term.
By the way,where are you trading bitcoin options?
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The piece of news from google was a couple days ago, there's no connection between that and todays 'dip'. The price was going sideways for too long, expectations for Bakkt were too high, and we're seeing a large decrease in price following weeks of stability. We might go back to ~$10k but it may 'dip' again.
I agree with that.By the way,I am constantly seeing this "Google's major quantum computing breakthrough" everywhere in my newsfeed.Every rumor about the big G is always exaggerated.I don't think that the vast majority of the crypto users and traders are so naive to believe such news.The reason behind this BTC price drop is somewhere else. |
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Hello,
I've been shocked by the drop of ETH price today. So,I checked CMC and found that all coins dropped. I don't know what happened or why.
So, what happened today? Is this related to some news? where can I follow this kind of stuff?
Thnx
Well,I guess that the 2018 price pattern might repeat.The bitcoin price might crash back to 4K USD and stay at that level during the entire winter.I think that many bitcoin hodlers and traders were waiting for Bakkt to cause a bull run,but that didn't happen so they are just selling.Don't worry,the price will recover next year. |
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It's kinda funny to think that FED has reserves.They can print all the money they want and the short term inflation will be minimal.There's no point of holding reserves.Anyway,the US economy is heading towards a recession and increased money supply,lower interest rates and money injections in the repo market won't solve the problem.I don't think that this has something to do with the current bitcoin price.
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I was right that the Bakkt hype was existing only in some crypto news websites and not on the markets. The institutional investors aren't waiting for any "bottom price",because there aren't any institutional investors.The good news is that this expectation is finally over and the crypto community should move on to the next big expectation(the next year halving). |
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No.Right now I'm not buying bitcoins.I don't have enough fiat money.I sold lots of bitcoins in the last 2 months,because I needed fiat money to run my other businesses.I'm just hodling the rest of my bitcoins,which is a small amount(around 0.1147 btc).I think there might be a bull run somewhere around December,but it won't be due to the Bakkt launch.
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OP,you should ask this question in the r/ExplainlikeI'mfive subreddit or Reddit. Most people here fail to explain it so simplistic.I'm not the biggest Bakkt believer,but all those threads related to Bakkt are flooding the forum again for no reason(the Bakkt launch tomorrow isn't a big deal). I hope that Bakkt will the bitcoin price to hit the moon,but I'm skeptic(or realistic) about it. |
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