To be very honest, that sounds painful and yeah, fees, charges, taxes and all sort of deductions that we have to pay for services we avail, are a pain. No one can run away from them and all of us want to pay as less as possible. Therefore, platform with low charges are preferred over the expensive ones. In trading, no one wants to give huge amounts of money that he made by putting some real efforts.
I don't like taxes either, but exchange's fee is a different thing since fees are exchanges main source of income, we can't argue about it due to services they have to provide for us. Any fee below 1% is considered fair and below it is cheap for me, most of the exchanges offer trading fees (maker-taker) 0.1% and max 1%. Furthermore, there are some exchanges offer free deposit and withdraw fess which is convenient for traders. |
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China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene. China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works. I thought that was a link to article/news regarding CCTV.com segment breaking down bitcoin, but apparently only you are promoting your website. Sighs if there is any source to provide more info about it, maybe someone who lives in China. It's always gonna be better if there's a link provided to validate this claim about China's involvement in the recent price pump. If this news is true, I still dont see any relevance from this news to the price. Not unless, Chinese government will remove the restrictions and bans against bitcoin and other Cryptocurrency, including exchanges. That way people could easily accumulate Bitcoin without being bothered against the authorities, thus, this will surely will make a positive impact in the market due to massive buy out.
Agreed, I don't think China announcement will adopt blockchain has something to do with recent pump, they didn't say anything about bitcoin, but Xi Jinping mentioned how blockchain can be useful in many aspects to develop economics. Everything to do with it? Basically you said, Chinese and people around the world were flocking to buy bitcoin because of that announcement? I prefer this one more than China reasons; " crypto analytics provide, Eskew uncovered that some investors were shorting their positions by $150 million worth. The $150m were liquidated from Seychelles-based crypto exchange, BitMEX.
The short sales triggered what is called a “short squeeze.” A short squeeze can increase the value of an asset rapidly when sellers attempt to cover their positions. This result in temporary increase of prices due to increased buying volume." |
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4) We may delay the mass adoption thoughts until we fix some centralization issues
4) We, asap, want mass adoption so that the price can reach ATH. Let's not think that simple and work on some issues we have as I stated on 3rd. How to delay it? Well, we may not spread much about bitcoin and cryptocurrencies before we clear the scam ICOs or scale issues or centralization issues. Otherwise, we will lose them forever if they come to a system which is not set yet.
So, what is the centralization issues? 51% attack or what? we can't delay mass adoption, it's flow with time and bitcoin doesn't mean to be scale, segwit and lightning network should be enough for now. 5) This forum needs to be decentralized too
5) We may have a voting system, decentralization means dividing the power.
The decentralized forum was satoshi's idea too or just yours? You can say this forum more or less decentralized as the founder left bitcointalk, and Theymos as the only one administrator left has the management rights, until Cyrus became another administrator. No one owns the forum on his name. Theymos said;
Cobra also owns the bitcointalk.org domain name. I consider the forum to be basically owned by or at least dedicated to the Bitcoin community, though; I don't call anyone an owner of the forum. Link
Bitcointalk.org:
- Cobra has ultimate control over the domain name. I have access to the domain name settings.
- I run the server. Cobra has no access to the database or server.
- The BTC is held by myself and the treasurers. Cobra has no access.
bitcointalk.org. Fun fact: The name "bitcointalk" was invented by Jeff Garzik, and he's the one who bought the domain.So, I assume Cobra is Jeff Garzik. |
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 I make a point that today and tomorrow are the last days of cheap bitcoin. bitcoin is forming a falling wedge pattern which means that when the downtrend line is broken the btc will likely return to the price of 8500 - 9500. What do you think? Looks more like a weak slow bleed than a falling wedge to me. The way price is sticking to the floor implies real weakness. We need to go down (new lows) before we can go up. I do see a case for $9K+, something along the lines of this: https://bitcointalk.org/index.php?topic=5140701.msg52813750#msg52813750I just think we need to go lower first. A test of $7K at least...... It turns out to be true, bitcoin dip to $7200 before a bounce back to $8500 and then rise to over $10,300 I have bought btc several times when it drops below $8K until $7500 but failed to catch the lowest price, however that was a good price to buy bitcoin. Bitcoin seems to persist at current price and still trying to breakout $10K level, some TA predict will raise over $12K next month, any thought? |
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Bakkt reach new ATH 2 days ago coincides with bitcoin pump, it means something to the market although not significant but there are plans within the contract traders, they can manipulate the market by accumulating bitcoin to their wallet and can dump it at the end of the contract. But I really doubt china adopts blockchain technology really encourage whales to invest massively in bitcoin, simply because China has banned bitcoin, exchanges, and miners. They just want to utilize blockchain technology to develop the country's economy but not related to bitcoin at all.
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"Take the leading position in the emerging field of blockchain"
Doesn't mean China will create a cryptocurrency to compete with bitcoin, blockchain technology can be useful in many ways such as technological innovation, industrial transformation, innovation programs, and investment. In short, they want to be number 1 in economics using blockchain technology.
Xi said blockchain technology could be applied to many different fields, including finance, education, employment, elderly care, poverty alleviation, health care and food security, infrastructure management and public services.
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Or at least bitfinex can learn from its mistakes and not entrust funds to any one entity... Why wouldn't they multisig those funds with a few other parties.
It'll be interesting to see if they get that 350 million credited back to them though.
Bitfinex has been cooperated with crypto capital for several years, even crypto capital provide banking service for some major exchanges such as Binance, Kraken, and BitMEX. If you cooperate with someone for years, the trust will thrive between two parties especially when it comes to millions of dollars in stake. It just the mistake driven by the greediness of Ivan Manuel Molina being a part of a drug cartel money-laundering using cryptocurreny. Bitfinex is just unlucky. |
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We should react to the market fluctuations, I've bought at $7500 and satisfy sold it at $9250, still profitable.
Because a pump will lead to another dump, if the price can hold a new persistence level about $9K, it's a good thing for us, just wait for a chance to buy after analyzing where the market heading next. Usually, I'll wait several days until a week before making a conclusion.
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The hold is the oldest way in the bitcoin community, but it less attractive for most people due to the volatility of bitcoin which makes it possible to gain profits. The profits that could be used to buy more bitcoin, if there is a chance to get more bitcoin, why just watching the opportunity just passed by. That's why we should worry about bitcoin price  |
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I am not sure how do you use the three candle set-up, but to me I only take it seriously when it shows reversal of trend direction, the three white soldiers you show in your chart were present in a natural trend direction (up) so they are kind of irrelevant, the real three white soldiers were the candles of Feb,March and April , and they worked out very well, the market went up more than 150% after April candle closed, these three black crows I am pointing out has every characteristic that determines a trend reversal 1-They came up after about a movement of 315% to the upside 2-The wicks show strong rejection to the down side 3-RSI was very close to critical a resistance on the monthly (67) and by the way, the best way to use the three set-up candle is along side with RSI , at least based on my personal experience. I have been taking the cloud very seriously, and guess where we at now?  According to history, we must test the top of the cloud before making any higher highs, and guess where at is ?6500$ , does that match your Fib 0.705? The cloud also tells another story , it says , bear/sideways market till 11/11/2019 , this is based on the fact that until we pass the ichimoku resistance, there should no movement to the upside, check 2016 you will get a better clue. Again out of all these analysis, I still stand by the 20SMA on the weekly , and I still take this as a bear market until it's broken to the upside. @mikeywith, you should continue to give us your TA prediction, it's a good thing to see some perspectives regarding market charts . Since bitcoin has a bullish movement two days ago, what do you think about the next movement? will it still drop to $6500 or so? or bitcoin will reach over $10K by next month 11/11/2019? |
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Hodling is just for people who don't want to sell bitcoin, even doesn't count as a trader.
Usually, breakout trading is the safest way to earn higher profits especially those who follow the "trend strategy"
Pay attention to support level and price action formed in the breakout area to avoid fake signals.
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Bitcoin is definitely affected by news that affects the blockchain technology industry in one way or another. We can safely assume that the current growth of Bitcoin was associated with the statements of the President of China on the introduction of blockchain technology in the infrastructure of this country. Of course there is a difference between the concept of Bitcoin and blockchain technology, but the mere fact that Bitcoin is simply based on blockchain technology has given the market a huge bullish leap.
China adopts blockchain technology has nothing to do with the latest pump. Chinese people even find it difficult to trade bitcoin. The recent price surge mostly caused by whales, probably institutional investors buy the dip and stockpiling bitcoin into their stash. as we're approaching the end of the year and bitcoin halving might give a boost to investors, although there will be chances for whales to dump their coins again before halving take place. |
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Do we all have to reach a ground ZERO, such as a situation like Venezuela. For everyone to trash their FIAT and accept a crypto system?
What do you think would it take for a switch to happen?
What happens in Venezuela is a snowball effect for years due to Maduro regime's economic mismanagement and corruption, his dictatorship brought the country to the brink of collapse. However, it's not happening in westerns countries, the government still trying to save the country's economy without political problems like in Venezuela. The economic crisis will make things difficult, including the growth of bitcoin, because people will try to invest their money into basic things such as foods and water. Cryptocurrencies meant to be alternative payment methods but the transition from fiat currencies to bitcoin will never happen as long as a country still stands. In this case, if a country fails, they can try to adopt cryptocurrency but the volatility can't help to escape the crisis. |
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But are we really that excited of the prospect of this getting approved or has this become just another routine and a boring one? And in the first place, do we really need an ETF?
The SEC have perfectly reasonable doubts about the market itself that no application can ever address. It's an objection that goes to the entire foundations of how the market rolls. In future there should be less overtly crooked or amateurish operations. There may also be some proper decentralised exchanges which would probably turn the SEC off even more. No one and nothing needs an ETF. It might be a neat bonus but I don't think it'll ever happen. They will always try to submit bitcoin ETF proposals even it was and will be rejected again. Since there are many proposals now and several denials, ETF becomes a common thing in the market, no more hype unless one is accepted. Yeah, we know bitcoin ETF has no chance of being accepted as long as the bitcoin market capitalization is still relatively small and prone to be manipulated. |
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This time I'll take
35 - error08
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At least it has the word "bitcoin" and he has a goal by the end of the year. He should find out yesterday when bitcoin price suddenly spike up over $10,000 Bch and bsv seem to have good prices following bitcoin movement although it just forks coins, I don't mind to buy cheaper coins like those to increase my capital. But at the end of the day, we will buy more bitcoin for the future. |
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The market is always "manipulated" long and short. Usually with longs and shorts. The idea that the price can easily be moved 20% in a day with a single pump or dump, two days in a row even, should make it obvious to anyone by now. This isn't the first time and it won't be the last. Bitcoin futures exchange Bakkt also reported the highest daily volume today. Bakkt saw a trading volume of 1131 BTC. The sudden pump could be a clear sign of market manipulation as bitcoin surged through all technical resistance in no time at all. Indeed, but to have such huge tide in a short time really intrigue our curiosity, what happens? who did it? who brought millions of dollars to the market? Manipulation like this will end with another massive dump, "they" will wait until the price reaches a certain point to dump it like happened in last month when bitcoin tumbled $1000 in a few hours. Look at this; https://twitter.com/whale_alert/status/1188023888346783747 https://twitter.com/whale_alert/status/1188006277936570371Since whales keep moving their funds in and out, we can't be so sure when they will make another "action". |
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Bitcoin adoption and blockchain adoption are two different things, but is it really China was the reason behind this surge? Hmmm, I don't think so. China has banned bitcoin and they just want to adopt blockchain technology. But this may contribute to recent bulls run > Bitmex exchange saw around $9 billion worth of Bitcoin futures exchange as reported by SKEW statistics. This has further created an increase in price. This meme describe it...  |
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I'm not sure what caused this movement but it does show how far there is to go until it starts to act sensibly.
We no doubt find this arousing but it sends something of a mixed signal - we're open for business but still off the fucking wall.
The percentages are similar to when it was sub 1 dollar.
seriously. it took months for the market to drill down to the $7000s, and all those losses were just erased in a day! madness...... in 24 hours, we went from $7389 to $10540---42.6% from low to high. that's enough to liquidate bitfinex shorts (which were chopped in half). usually we're just talking about bitmex. speaking of which:  I was watching the price chart yesterday, bitcoin was $7400 at 10.00 am (UTC) and reach $7700 at 15.30 pm, then the pump started, reach $8500 in an hour. Bitcoin still fluctuates around $8500-$8600 until midnight 00.00 and be able to hit $10,300 at 01.40 am, less than 24 hours approximately 14 hours bitcoin pump from $7400 to $10,300 according to bitstamp chart. No doubt there is a huge influx of money into the bitcoin market but who did it? I believe it was entities responsible for bitcoin dump to $7280 a few days ago. |
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Nobody cares about Bakkt. This was a simple case of seller exhaustion. See this little dip below $7,700 and how short-lived it was?  Typically when a month-long trading range breaks down, one would expect strong selling momentum as panic sets in and price gets marked down. But when that doesn't happen, it's time to pay attention because reversal is close. That immediate reversal back above $7,700 is called a "Wyckoff spring." A bear trap, essentially. It's a massive warning sign that there's no supply left at these levels, and that price is about to be marked up. And that's exactly what happened. Finally, it stops around $9570 level The bitcoin market has been in the same situation many times but rarely had such a pump situation, $7400 to $10,200 > bitcoin price increase $2800 or 30% within 12 hours, there must be something happen than just "Wyckoff spring", simply to blame whales group who plans all of it, or institutional investors buying a lot of bitcoin due to bitcoin futures contract. |
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