This is a very classic example of a clearly manipulated pump and dump style. I am sure a group of people can be behind this sudden rise and immediate fall. Good thing that you were able to liquidate your MDAB tokens into Bitcoin or maybe Eth, for that matter. Had you waited for more hours thinking that the tokens can go higher then you could have ended with almost nothing in your hands. This is one of the problems in the cryptocurrency industry almost all coins and tokens can be subjected to manipulations. Anyway, in this scenario there will be people who can gain benefits and there are those who lose. Which side you will be depends on how lucky you are.

I am just curious with your mutual fund idea and its connection to the blockchain. When you say "blockchaining the fund" is that referring to tokenizing the whole mutual fund project? Actually I have seen  similar projects before when ICOs were in the rage but I am not anymore sure  where are those projects now if they are still alive or already dead. But they were then dealing with cryptocurrencies and tokens that an investor can invest in like a portfolio.  Here in my country, we can access mutual funds since they are already available in the market and one can even start with just $125 so maybe you can base your project here if you want.

You know that even with the recent rise of Bitcoin, mining is a loss of money maybe due to high cost of power but if Bitcoin can be reaching more than $30K then it can be churning out some profits. That can be a gamble already and no more an investment because even if we are all awaiting the possible bull run there remains no guarantee that this time it can go higher than the previous almost $20K run. Now, it might be a little different story if you gonna be mining altcoins. But tell us what specific coin you are planning to mine again. I am sure you can now determine if there can really be a good profit to be made here or is the profitability really hinges on Bitcoin doing a big bull run?

I am sure they are coming from the many whales just waiting for the opportunity to "manipulate" the whole Bitcoin market. However, there is nothing wrong with that. Had it not been to them, we would not have this flash rise of Bitcoin. Large investors and institutional money can be part of the "whaling industry" (just kidding). I am doubting on banks, though (but this is also debatable).



Bitcoin is considered to be the Mother of Them All and where the mother is going, the sons and daughters can be following. There is a strong correlation between Bitcoin and the alts that is when Bitcoin jump high a corresponding reaction became visible in the whole cryptocurrency market. Of course, this is not all the case but this is what happened with that "bull run" labeled as Bitcoin's 4th largest so far.



All big exchanges can handle such big volume of transactions, I think. Just go ahead and search for them and since the top exchanges are all well-known you can easily get which are the whales' favorite play ground.



This is the first time that it happened nor will be the last. Just search for the history of Bitcoin's trading and you can analyze in there. Next year, we are preparing for a much bigger and the real bull run, hopefully. We are all hoping 2020 can be another 2017.

I would assume that no single mistake happened in all transactions so there must be something on the receiving end which is on the Poloniex side. The only way this problem can resolved and have your 4 BCH appear in your Polo account is to, of course, contact the support of the site and be always ready with your proofs of the transactions because I am they are going to ask for it. Now, I heard many bad things on this exchange, a friend of mine who has a polo account for the past many years told me last week that he is not recommending Poloniex to me as he can sense that the platform has deteriorated a lot in many facets of its operation. Well, I am hoping that all is well with Poloniex. I hope that a new and empowered team can be taking over the exchange and make it a great again.

The same history can be repeated because the many big lessons of the past and the recommended changes that should have taken place in the banking are largely ignored in the name of making more profits. Instead of getting stricter, the whole banking industry decided to relax and enjoy the sunshine. Now, the shadow of the past (the great 20018 economic crisis that started in the USA and which circled around the globe) is now starting to be showing up. We are hoping that the banking industry will be listening to this urgent warning and will be decisive enough to patch up possible leaks of the boat they are in. This around, it would be a great catastrophe to affect all countries especially those economies which are not resilient and not prepared.

I guess all them can be contributing factors why a national fiat currency can be heading to oblivion or being worthless because of the hyperinflation affecting the whole economy. Money is all about value and when that value is constantly degrading itself then people using that specific money can really have a very big problem. We witnessed this phenomenon happened (and still happening) in  Zimbabwe and Venezuela.

By mid-July 2019 inflation had increased to 175% in Zimbabwe sparking concerns that the country was entering a new period of hyperinflation. In April 2019, the International Monetary Fund estimated that inflation would reach 10,000,000% by the end of 2019 in Venezuela.

These two countries have become the most popular poster kids when it comes to hyperinflation. There so many factors that lead to their present predicament. Wrong and misguided economic policies in the past that failed miserably can be the number and mots important contributing factor. Political and economic instability can be the best recipe that can lead the country's fiat money to go on a massive slide.

And this is where Bitcoin can help, somehow.

That a big part of the trading volume reported by exchanges are actually just manufactured can be a cause of concern because this will have many repercussions as to the future of this expanding cryptocurrency industry. Many exchanges can indeed be involved in wash trading and that is something that can really be discouraging. It is ironic to realize that in that first article, the report was submitted by Bitwise the same firm whose ETF application was recently denied by SEC. They must have a victim of their own truthful reporting. The biggest problem is concentrated on unregulated exchanges as they seem to be thinking that they can do anything with the data without facing legal consequences, though we could not for sure that regulated outfits are not also doing the same thing to a certain degree. Now, I am wondering: What can we do about this sham and what should regulators do to stop this non-sense?

I am not alarmed with these Bitcoin addresses suddenly waking up after years of being dormant, me thinks this is just another natural occurrence in this industry. Whatever reason/s the holders may have for this decision, it is only them that knows. This is just plainly strange as 8 years is a long period of time and why the holder/s did take advantage of the bull run in 2017 is another mystery.

On the other hand, can this be connected with the recent soar of the Bitcoin price? Maybe holders realized that it is time to let go of these coins and convert them into fiat money. I would be interested if there can be more wallets waking up and suddenly doing some transactions and not just these few enumerated above.

To attribute the recent rise of Bitcoin to that powerful man in China is actually tantamount to sacrilege. Why would he be getting the credit when we know for a fact that Bitcoin is still not recognized in the entirety of China and there seems to be no chance that the country's official stand on this matter can be reversed. President Xi Jinping was talking about the blockchain technology and that the country must be taking advantage of the innovations it can bring.



Clearly, the market was just looking for anything that the flash upward movement of Bitcoin can be attributed, now they found nothing that anybody can easily recognize, so they used the China's blockchain technology statement. Yes, some quarters are now seeing that somehow this can just be another manipulation from the whales, and most likely because they are already bored for lack of real market actions, they must have decided that it was time to do something to stimulate the Bitcoin market which can be serving them well in the first place.

Definitely, that can be the best statement that can fully described your recent bad experience with Poloniex and can also be a prophecy for what will happen with this once-popular cryptocurrency exchange soon. Poloniex is destined to be just another footnote in the colorful history of cryptocurrency.

I remember that in 2016, this was truly a known and trusted exchange and many of my friends who got into cryptocurrency had their fist taste of trading in this platform. I am sad to see that it has deteriorated a lot and will not have a good chance of getting back the glory it lost to overeager and more innovative competitors.

We can say that Poloniex is already dead. Unless, of course, a big miracle save it from eventual oblivion.

This is a big testament on how China can be an influential with almost anything happening in the world right now. However, I don't really believe that the recent hike in Bitcoin price is directly linked to the statement of China's President on the blockchain because we already know long time ago that China is very much interested with using the blockchain technology but will not be touching on the issue of Bitcoin. There is nothing new there, and am sure that some analysts are just looking for some reasons of the flash upward movement and since they could not find one really credible they pick up that Xi Jinping thing.

Bitcoin has been known to be very volatile and I think this is its one major feature and as such the sudden rise and also sudden fall has no meaning attached to it anymore. As far as I know this will never damage anything of this coin but will further strengthen what we know of it, that it can be very volatile anytime.

China under the leadership of the great President Xi Jinping is now starting to show to the world of the things it is capable of and it is so willing to adopt any technology that can help in its overarching ambition of global domination, one day kicking USA out of its throne. Soon we will see that China is already the center of the blockchain technology and its many applications. Certainly, the possibility of China having its own successful cryptocurrency is part of the package though they are right now very careful with this as they don't want to debit something that will just be receiving a flat response. Up to now, there is no definite say if one day the China market can be opened to Bitcoin again so we will just wait on developments on this issue.

Yes, of course, projects which are already listed and traded on some exchanges can be considered as valuable and joining their promotional bounties can be a good decision. I used to be joining projects like that but at the end of the campaign I just received a minimal amount of remuneration all because the projects attracted a horde of people like me. You can say that projects like these can be solid and since they are already on exchanges, once you get your share then it can immediately be liquidated...but what can be its advantage if you will be  receiving only $10 worth of tokens?

In other words, everything can be a risky proposition. One may choose which can be the best among the list of available options. The fact is nobody can really predict which coin/token will make it to the real world. In my experience, there were projects I personally rejected which turn out to be big winners in different exchanges.

Now, it can not be denied that there are bounties and their team who are good at marketing their project even to the point of using hypes and half-lies just to attract people into their respective sphere. Some can really be good at presenting things in different ways and varying views with the ultimate goal of persuading us to join them. Many of these slick talkers are just that and nothing more so we have to be careful.

I am predicting that five years from now, the whole world will be looking to China as the world's capital for blockchain innovations and development. This country is already very much ahead of USA, japan, South Korea, India and Russia as far as applications of the blockchain technology is concerned. Indeed, President Xi Jinping made the right assessment that it is the blockchain technology that can be able to transform and influence many industries for good and bring them to the modern and data and info driven economy.

Sadly, the USA is not a big leader on this field and seems to be complacent in using the technology for its economy. Although USA has not banned Bitcoin, it must set its eyes on the benefits that one can derive from its use and application. All other countries should follow the lead of China on this aspect, otherwise they will just be the markets of the products/services that will come out of the blockchain-based innovations.

I am not a big fan of this great leader President Xi Jinping but i admire his strong and deep understanding of the blockchain and the impact that it can bring to many industries and people. As to why there are many analysts who attributed his statement on the blockchain for the recent flash rise of the price of Bitcoin, that I do not understand perfectly. Maybe Bitcoin is just looking for anything it can find on the news and this statement of China's President is the one available so there is no choice. Just my opinion, my dear.

There is no question that Craig Wright is a certified and convicted liar (according to a court case) and he is claiming to be the real Satoshi Nakamoto so he can gain the fame, recognition and riches that he has been aiming for all his life. He already got what he wanted and now he is bent to make sure that all people in the Bitcoin community will bow to him and look at him as the genuine one. That will never happen because here in this community we are not all for deciets and we are not that idiots.

As for your proposition that Hal Finney was actually the real Satoshi Nakamoto based on some grounds which you just enumerated, I think that can need more investigations and I think this has been talked a lot here and in other platforms too. From what I read somewhere (or is it here in this forum?), Hal denied being the Satoshi and for now barring concrete evidence I would prefer to believe his own words.

The bitcoin price is now at over $9,000 per bitcoin after dropping to lows of almost $7,000 on Thursday–and heading fast towards the psychological $10,000 mark, according to the latest prices from Luxembourg-based exchange Bitstamp.

Many bitcoin and cryptocurrency market analysts pointed to comments made by China's president President Xi Jinping that the country should "seize the opportunity" of bitcoin's blockchain technology as the reason behind bitcoin's rally.

Xi's comments, which referred only to blockchain technology and not to bitcoin and cryptocurrencies, might not have been the driver behind bitcoin's recovery. When the bitcoin price recovered a couple of hundred dollars per bitcoin in just a few minutes, some $150 million worth of short positions on the Seychelles-based BitMEX crypto exchange were liquidated.

This triggered what's known as a "short squeeze," where an asset rapidly increases in value due to short sellers trying to cover their positions, resulting in buying volume that drives the price up.

More of this news here...



While maybe the comment by the supreme leader of China did contribute something to the increased demand of Bitcoin, attributing this flash rise to him can make Bitcoin really in a weak position because we know that they guy was not talking about Bitcoin but the blockchain technology which has long been adopted, modified and exploited by China for years. In fact, soon China can be the blockchain capital of the world but still not a chance that Bitcoin can recognized and be openly traded in that big country and market.

Something else must be trigger and now we know how it came about. Are you in agreement with the article above or maybe you have your own and contrary idea and opinion?

Bitcoin just made a sudden reversal and is now almost at $10,000. This has been a very amazing run and I am considering it as a mini bull run before the year ends. While there had been many people telling us that Bitcoin will be touching the $6000 before it can go back growing again, Bitcoin proved them wrong with this abrupt upward movement.

Of course, there is no guarantee that it can hold on to this current level but this can be a very encouraging move from Bitcoin and the message is quite clear: Don't just give up on your Bitcoin, it got many secrets under its sleeves. Those people who bought Bitcoin when ti touched $7400 are now happy and satisfied.

Yes, Bitcoin is very unpredictable that even credible analysts sometimes can have a hard time deciphering its movement. Bitcoin's volatility can be an amazing thing to study. Of course, the media and some personalities who are into cryptocurrency will have a lot of hours to think as to what to they can attribute the flash rise which occurred after the flash crash just a day or two. Anyway, that is their job to talk about it because they are actually content producers but we don't have to believe the garbage they are pushing to us. Sometimes I realize that some people involved with cryptocurrency news have less understand with Bitcoin compared to me, and that is a very modest assessment. Unlike forex and stocks which most likely can be affected with news and developments in different areas of the world, Bitcoin can go up and can go down on its own and will not care the world outside its own ecosystem. I am not sure though if we can say this is good or bad, as a whole.

I am at a loss what is happening right now with Bitcoin. Just hours ago, I was watching at the preev site and it was at the $7400 zone and then suddenly when I came back it jumped to the $8500 level and then now we are almost touching $10000. Just unbelievable. This is really the Bitcoin that I know of in 2017 when you can watch the figures changing right before your eyes. It is amazing how it got back with a big vengeance. But knowing the real score with Bitcoin, I would not also be surprised if a cold water will suddenly drop on the price and another dip can follow. Oh, well. But I am so excited today and that matters for now.