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However, it also shows that the halving is not an immediate solution to end a bear market.
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~
If in reality you can buy USD in Venezuela for a price that is higher than the official rate, then maybe when talking about how much is BTC in Venezuela we should take the real price into account?
I have an impression that in articles regarding the Bitcoin price in those countries with hyperinflation they are always making the same mistake: they take the current price of BTC in local currency and then divide it by the official exchange rate of that currency to USD. If they were using the real exchange rate instead of the official one for their calculations, maybe they'd get the same USD/BTC rate as anywhere else.
I do not know who or how the rates are calculated in Venezuela, however, what I know is these types of articles are clickbait. Should we be happy that you can sell your bitcoin for a higher rate in a sanctioned country with hyperinflation? Idk, I think it would be interesting information if it were true. I mean 33% difference in price for BTC between Venezuela and the rest of the world could be something I personally wouldn't ignore, even if it were a sanctioned country with hyperinflation, like you said. But the thing is that it's most likely not true. They simply calculated the rate in the way I described in my previous post. Will you accept Venezuela's currency for payment or American dollars? How much did those Venezualans pay for American dollars? Also much above the regular rate, I reckon. American dollars demand intensifies. |
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I haven't heard any of the major exchanges, or anywhere really, mention this. Presumably that means they've taken it in their stride? If it's that onerous and that soon I expect to have heard a great deal more about it than I have.
They might be taking it in stride not to hesitate in giving their users' private data to anyone that demands it under law hehe. |
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@posi. I did not say a promising result is certain not to occur. I am only saying to prepare for disappointment because it might also occur similar to litecoin's halving.
I understood your statement and I'm also aware some people are comparing the result of litecoin halving with bitcoin upcoming halving was the reason some people believe the result won't lift up to our expectations whereas the project which a lot of investors have lost confidence in ever it creator declared to have sold all his holding can't be used to justify the crypto which is widely used. Are you telling me that a pump after halving is certain to come simply because it is bitcoin, it is different. The only sure things in this world are death and taxes hehehe. @figmentofmyass. Litecoin's last halving was on August 4, 2019. |
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@posi. I did not say a promising result is certain not to occur. I am only saying to prepare for disappointment because it might also occur similar to litecoin's halving.
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@Febo. I reckon it is the maximum for that price. If all the 0.05 is bought, a new higher price will be listed.
Also, $350 is not that big per price limit. The price can be pumped instantly.
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I can't see the Patriots making it to the SB this year. I don't think they have enough offensive weapons to compete against the other top AFC teams. But it is hard to count out Brady and Belichick.
Whether NE will make it to the SB or not will depend on several factors. They need to finish 13-3 and get a bye week since I believe that if you give Belichick a home game and two weeks of preparation he will find a way to exploit any weakness KC and Houston may have, if they do not and have to win two games on the road then you can count them out, this means their game against the Bills this Saturday is crucial for their aspirations. Another Factor is Lamar Jackson’s health, if he is healthy then I do not think he can be stopped by the NE’s defence, but if he is not as mobile he will need to beat the NE’s defence with his arm and NE’s secondary is one of the best of the league. I saw a list of players for this season's probowl. Casual fan's question, are the players who are going to play in the superbowl always going to risk injury to play in the probowl? |
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@Febo. Is aeon.to owned by the same people who operate xmr.to?
In any case, the small maximum transaction allowed on the site on a certain price is showing my argument for me.
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Also, no one can predict how long the market is to be affected by this. It might be long, it might be short hehehe.
It can't be too long with the block halving approaching quickly. I'm confident that it hasn't been priced in yet, and I'm confident that we'll get the price to start calculating it in a month or two before the actual event. I'm putting my money where my mouth is by doing everything I can to stack up more coins because it could very well be the last ever time we see these levels again. In terms of the sentiment, it's horrible, and that's actually a good thing because the market tends to move in the opposite direction of the dumb money herd. This doesn't mean that we're completely out of the woods yet, but buying at today's prices is a whole lot more rewarding than fomo'ing into the market at +$10,000 levels. I can only say thank you for this opportunity.  I hope so for all cryptospace. However, my advice would be to learn from litecoin's halving and to prepare for disappointment. It will make acceptance quicker hehehe. |
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Usual cherry picking on news/article, nothing to see here. Maybe they make similar article with title "Heard of bitcoin's 'halving'? It's set to destroy mining industry"  It will not destroy, however, it might shutdown some miners similar to litecoin's halving. I reckon everyone should be ready and prepare to be disappointed on bitcoin after its halving to be safe and avoid a wallet breaking experience hehehe. |
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@romero121. However, there might also not be an increase in demand after the halving. This is not automatic. Do you not see the argument that it might occur similar to litecoin? It will reduce miners' earnings and it might cause some of them to shutdown.
Some of us are just optimistic, and we have every right to be. Demand doesn't need to increase, it's enough to stay the same and the price will rise with decreasing the supply. Deep inside every person on this forum have some optimistic prediction for the price of Bitcoin after the halving. We are accumulating satoshis and we hope for the best outcome. The halving is getting closer, so in 6 months we will see what will happen after the halving. I disagree. Decreasing supply also might cause some miners to shutdown, leaving bitcoin with less hashrate without increasing the price. I reckon that we should stop and analyze the situation without following the permabull echo chamber blindly. |
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@estenity. No. Read their response. They appeared to be saying we will contact you for further details, please do not disturb us anymore hehehe.
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I contacted them (and submitted listing application) on 04/9/2019. On Tue, Apr 9, 2019 at 8:50 AM, Poloniex < support@poloniex.freshdesk.com> wrote: Hi, Thanks for your application. We unfortunately aren't able to respond to every listing request, and reach out when we are ready to move to the next stage. We've reopened the Aeon application and we are not able to list your project on Poloniex at this particular moment. Our team applies an asset listing framework to process and prioritize the requests that come in to us. Now that we've learned more about Aeon, we are holding onto the information that you've submitted for our own future reference so that we can revisit this at a future date. We will get back in touch with you if and when there are updates to provide. Thank you again, Best, Poloniex Support Team I'll respond to the response again and see if it reaches past their filters. I reckon that Poloniex certainly made it very clear that we should not write a response to their response hehehe. We should change our strategy. Have Aeon listed and be the king of the smallest of exchanges. This might make it more noticed. |
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However, it was reported that the Moneygram CEO revealed that they immediately dump the XRP given to them by Ripple because of regulatory issues. It might be good news for Ripple and their partners because they earn from the sale of XRP, however, bad for the holders. How many more does Ripple hold? |
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@romero121. However, there might also not be an increase in demand after the halving. This is not automatic. Do you not see the argument that it might occur similar to litecoin? It will reduce miners' earnings and it might cause some of them to shutdown.
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@Betwrong. It certainly appears that way. However, it is very understandable for most of us to be in denial of the bad news during bitcoin's pump when the news was beginning to be discovered on August.
Also, no one can predict how long the market is to be affected by this. It might be long, it might be short hehehe.
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This dump on XRP is partly because of the immediate selling made by the companies where Ripple is giving XRP. Moneygram was one of them. What are the other financial services is Ripple giving XRP to? MoneyGram CEO Alex Holmes reveals that his company instantly sells all XRP its receives due to regulatory issues.
When asked whether he holds any XRP, Holmes said he personally didn't own any. The same pertains to Money Gram -- the company sells its tokens as soon as it receives it.
"Any XRP that we receive we tend to sell about as real-time as possible"
Holmes explains that MoneyGram cannot hold any crypto due to regulatory roadblocks.
"We do not hold any crypto assets for any period of time on our books."Read in full https://u.today/ripples-partner-moneygram-doesnt-hold-any-xrp |
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If the analysis were that easy...
We are all aware of the different nature of BTC. So we do not know what will happen until or after halving. Maybe the price will go down as it does today, maybe it will increase as unexpected. The previous ones had an impact on the price, and I hope we will get the same result from the next halving. For now, the important thing is whether the price will reach $6900 level and the next moves.
Well, we just reached $6900. Curious how it will go from here. It might also occur similar to litecoin after its halving where some of the miners shutdown and the hashrate went down. I reckon it might begin the question if fees alone can secure bitcoin. |
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