thats what i dont really get about this. if they are going to ban exchange trade, but for a limited time, why panic? at the very least, look at it as though your coins might be locked for x period of time. but why sell, when obviously the price would surge when they do legitimately open the markets again? the demand that China generates is proven at this point, we have had two bubbles popped at this point.

i think the media ran with the fud, to depress the price. we all knew it would/will be temporary

Some of the same here. I literally woke up to 200 ETH/3000 BTC, but I wasnt sure if that was indeed the bottom, so I held my nuts on the trade. Huge mistake. I could have gotten an easy 20% in the next few hours, and taken additional profit on the dips. but thats half the problem of this space. the volatility of this makes for great profits if you can ride the waves successfully. but this isnt something you can build a stable budget on, its purely a speculative asset at these prices.

Amen. This ecosphere is still in its infancy, compared to traditional financial products. If only for the sake of decentralization, we want this as global as we can possibly get it; we don't want a monopoly by any given culture. but for the sake of liquidity, we should want more of the same. if this gets largely confined to a particular border, you get exactly what the fuck just literally happened with the markets. We need China, but we need a smaller China, or a China with stronger hands.

Exactomundo. Bitcoin is already overvalued for right now, in my opinion. there is no clear reason why we have experienced all this growth as of late, but im not complaining (until it crashes and there is global butthurt, at least). there is infinitely more growth potential with ethereum. remember, bitcoin was this cheap at one point; compared to that, we are beyond the moon, so to speak.

with that being said, there is even more potential in some of  the lower price, high cap coins

Franky says relax.

pun·dit



let me rephrase my question (hit a nerve apparently):

why do rush limbaugh, ann coulter, and donald trump have primary residences in florida?

answer: its a red state, bo.

yes, I am making a joke. i am not responsible for Irma, so I will have a light heart. i may be in the path myself, LOL.

And I was effected by Matthews for weeks, and I am from Baton Rouge LA, so my family ate Rita and Katrina, and I rode out Andrews in my closet as a kid. fucked up weather doesnt ring my bells, its old hat. i grew up on the gulf coast.

Im qualified to joke

edit: with that being said, it takes a certain kind of special, given all the hooplah, if you live in florida, were advised to evacuate, and failed to heed. if you didnt have the resources to evacuate, you get a pass and my condolences. but its plainly retarded to have ignored all.. this.. concerning the severity of the weather.

but after clicking my tongue, I hope no one perishes, and that they receive timely aid and succor. i have prayers, but more effectually, I have mammon, to donate to those in need after this reconciles.

this doesnt forgive the stupidity, but i do have empathy. just pointing out the full retards

on another bit of grim lightheartedness, its making a bee line straight at the fucking inlaws

can you buy partial orders, or do you have to buy the entire order in one go? i actually would pick up a few more shares of this; its a long shot but  at those prices, i feel like its much better odds than a lottery ticket, with a much higher rate of return on a "win". im of the mind that this might take a while, but I dont really see a reason for him to return if he isnt serious about actually making good on this. hes opened himself up to additional liability but undertaking this next step. we will see, however.

I'll give a definition no one, blue or red, liberal or conservative, can refute:



He is the exact opposite of Barack Obama

take that however you will, whoever would read. there are so many fucking layers of meaning there, my tiny liberal mind would explode.

i have another sagely question; why does the whole of conservative pundits reside in the path of Hurricane Irma?

they dont offer this everywhere anymore, and I may sound loony, but a degree in home economics is absolutely fucking great for this. i shit you not, they exist, and used to be a thing among the wives of wealthy dudes back when females werent so represented in the work force. dont let that deter you; managing money is for anyone that actually wants to keep it in this day and age.

http://www.huffingtonpost.com/2014/10/01/home-economics-major_n_5906476.html



besides teaching trades at a collegiate level, there is a core curriculum based around personal finance management and asset management for the home and individual, not the business. this inward focus on budgeting is what the majority of folks lack nowadays; financial discipline. sure, wages could use a nice kick in that ass, for some industries, but the main problem is that people spend their hard earned bread on ignorant, non utilitarian shit, that they throw away in a few years because it was poorly manufactured/ not all that useful. to learn viable personal finance skills, beats getting a business degree any day, as if you cannot budget for yourself, you cannot budget for others, in my opinion

China was reacting to the crazy amount of speculation its citizens were pouring money into. this money could be going to traditional, regulated markets, instead of unregulated exchanges and companies. although its lame, I actually understand why china would do this, and while I dont agree with the way its going down, I think this is a valid move (of course they were going to crack down on this, any sane government would. Now Russia, on the other hand, is the dubious one with its coin offering. there is a reason no sane major government has offered a crypto; it would completely undermine the fiat already in place. that they are willing to look at something even remotely resembling a national cryptocurrency, means to me this may be a ploy to get around international sanctions, or assist with government sponsored capital flight ( a common accusation against the Putin administration).


Deflation would actually be a bad idea, in that particular case. Govs need inflation to survive

Internet-related crime, like any other crime, should be reported to appropriate law enforcement investigative authorities at the local, state, federal, or international levels, depending on the scope of the crime. Try to report unbordered crime in both locales; in a ideal case, both agencies will have to communicate in order to share details/evidence in the case, and it should be easier for the agency to obtain records in its own locale. Citizens who are aware of federal crimes (you really dont have to worry about this, but it will save you the time of getting interviewed by more than one agency) should report them to local offices of federal law enforcement instead. If you go to the lowest man on the totem pole with this, then understand they will pass the case up the chain of command, and you will be subject to presenting your case every time it switches agencies.

just because it involves bitcoin, doesnt make it a cyber crime. if you got robbed, or had a paper wallet stolen or snatched, the regular cops work just fine

this is often overlooked, but id say Estonia. they are seemingly the most crypto integrated/ technological country at the moment. one sec, let me dig something up:



with that much blockchain adoption, you feel they would be permissive, even if you had o actually go through regulatory process. you still may not want to offer a security, per se, but there are plenty of ways around that

also, according to this source, you wouldnt do too bad with Denmark.



Denmark had pretty much given everyone the green light, if you have a decent lawyer. you would really want to offer a coin with a unique functionality in this case; a dumb token really doesnt do much except be a token. but a foldingcoin, a significant improvement over bitcoin; they most likely would let you alone, especially given that no oone is prolifically offering ICOs out of these countries. it only seems to become a problem when everyone starts doing it

it is a bit beyond this. the market reacted to the ico news with the initial dip. then, as we were just about to recover from that debacle, the so far unsubstantiated rumor about the Chinese exchanges closing brought the price down AGAIN. we still only have a single source of this rumor, someone over at viabtc that made a doomsday tweet, i believe.

if the rumors are true, this is total shit. notice the price has been hovering in a narrow range, people across all markets are still kind of unsure about all this, and it is showing. at least we arent deadcat bouncing anymore, but we are far from out of the woods yet.

hang tight. worse case scenario, it will flash crash, instead of listing downward slowly. anything is possible, but the market is already poised to react, so this should be quick, if it does happen.

pretty much 75% of the hosted wallets that have existed, have been hacked/went scam.

never store coins on a hosted wallet for a second longer than you absolutely need to, you are opening yourself up to an additional attack vector. offline wallets, or even wallets located on your operating system of choice, dont suffer this additional risk. its ok to use exchanges to trade, there arent a lot of dexs at the moment with decent volume. but understand, if you dont control the key solely, you dont control the coins

i will reccomend coinbase, however; they are insured to an extent.

seems to be, at least so far. as I was saying in another thread, he didnt really have an incentive to come back; everybody had pretty much written this off at this point. apparently they recovered some funds, or are able to liquidate some assets soon. he said, via reddit, that he would release more information in the upcoming weeks. i say, let the man cook. if we get anything at this point, it was more than anybody expected.

the havelock guys are fucked, I hear. i apparently sold all my neobee on havelock before the shit hit the fan; it was why i had shares on the lmb platform when it all shut down. but havelock wont confirm their share counts, so that number of shares wont be included in the calculations/cant be redeemed. i fortunately avoided holding neobeeq, the derivative asset.

but to answer your question, the redemption portal seems legit. we will see what happens

exactly. we might not like what china is doing at the moment, or historically for that matter, but they are an integral part of the ecosystem at this point. they ARE the mining for all practical purposes, and while the volume is inflated ( i wonder what the actual, not manipulated market cap is, we will see LOL) they still compose a substantial portion of the market (the chinese icos go pretty quickly) .

even if the rumors are true, this should be a temporary thing. i dont know how long it will take, but once the regulatory framework is in place, coins will be brought up in abundance, like every time

finally, a second confirm on this news. edit: nevermind

http://news.8btc.com/game-over-bitcoin-exchanges

I copy pasted that, it may be because it is not an https

anywho, it is rehashing the original article from Caixin. simply restates the initial claim and speculates on the exchanges that will survive the chaos. not that it is a bad quality article, it just doesnt advance any new information or sources.

this is still FUD (the situation, not the article), but i will admit this is some damned powerful FUD, we are deadcatting, folks. pray we come out of this deadcat.

writer is Asian article rewriter; you would think if there was a new development she would be immediately privy to it

You are just being a smart investor. dont feel bad about this

the meteoric rise in value is not sustainable, imo. bitcoin cant go up forever; eventually, it will correct, even if it does continue up. i take sooo much flack about this from some of my crypto bros. i have advised people against purchasing new bitcoin for the last 6 months or so. i wont be responsible for suggesting an asset that goes south a month after i mention it so those same people, have been like 'fuck you man, i could have made 20%" and to this day, i would still tell them. wait.

and now im waiting to see if ths china rumor bullshit has any teeth to it, and what that will mean for the price and the altcoin markets. all these recent developments may prove me right; bitcoin might be considerably cheaper in the near future, for a limited time

the generation of the transaction is handled onboard the wallet. the only information exposed to memory, to the best of my knowledge, is the transaction itself, which is encrypted. the virus would have to hijack the device itself to compromise the transaction. this is why the transaction details are confirmed via interface. if those details are correct, then the transaction broadcasted to the network would be composed of those details.

the best a mitm attack could do is change a copy/paste address by hijacking the ram and subverting things sent to the clipboard. if you simply confirm the details, you should be able to detect the change in address, and move the device to a stable/secure environment

hardware wallets ftw.

technical analysis is almost useless in this sphere. it works the longer term the graph reflects, but for short term charts, it really is rubbish. markets dont follow trends here; they follow the immature investing attitudes/disciplines of the myriad 24-40 esque males that never went to school for trading, and dominate this space. also remember that these markets are very heavily manipulated due to the relatively small market caps. it only takes one or two whales, maybe 10 total to address all the exchanges at once. they could move the price in a serious way, and it wouldnt be that easy to detect if they were smart about it (gradual buying selling pressure over a week or so, instead of a huge dump/pump). this is pretty much the reason for the volatility, besides the fact that 90% of the market is weak hands

fundamentals work, but not all the time. the news is so important in this space, like forex. it pretty much completely drives the price, because the price is borne purely on speculation

OP, Bitcoin does not fit the definition of Ponzi scheme for various reasons:

There are no paid dividends to any investors.
The purpose of using bitcoin isn’t to recruit new participants. 
There’s no centralized body that funnels money up to the top.
Unlike Ponzi schemes, Bitcoin will still have value and continue to function even if no new participants join the ecosystem.

you are conflating the "greater fool theory" with "ponzi scheme". let me define;

https://en.wikipedia.org/wiki/Greater_fool_theory


but a ponzi scheme? nah