DO you know that even some of the so called politicians have secret investments in Bitcoin and cryptocurrencies that no one may be aware of? I believe this is one of the reasons why some of them have double stand when it comes to taking decisions on the adoption or regulation of cryptocurrency. Some of them are scared of publicly supporting crypto. What do you think?
I have no facts but its possible that some politicians might have secretly invested on Bitcoin and cryptos. Is a double edge sword, other politicians wages war against crypto but behind they have stash huge amount in wallet. I think not only politicians though, but there might be people lurking here trying to put down bitcoin but at the back side, once the price fall, they secretly accumulating more and they love to spread FUD around so that they can buy more when the price is at a discount. https://cointelegraph.com/news/us-republican-democrat-officials-calling-for-crypto-regulation-in-rare-show-of-unityMaybe some of those supporters have bitcoin stash already.  |
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Back in 2017 it was published that certain powers will crack down on cryptocurrency in 2018. Comments by institutional representatives like "oh there just kids playing in the sand box. They'll lose interest soon." leave some wondering what they meant by these statements. Some say that the moment BTC Futures came online, the market just started tanking, and never really stopped. The double, or is it triple dip that happened here in mid Sept seemed odd to many. Commentators claimed that "unusual market activity" occurred just before it tanked. Many chalked it up to a decision by Goldman Sachs but do their choices really matter THAT much to average traders? Do you feel this market just flows naturally and it's just weak hands throwing money into the wind again and again? Or do you feel that there is a more sinister hand at work here?
As for the Bitcoin future contracts, I still have mix emotions if they are the cause of the bearish trend and the free fall of bitcoin price. Maybe when they entered the picture there are a lot of noob investor who don't know what Bitcoin future contracts is and just FOMO the hell out of it. So it bubbled and 2018 was the year it was burst. This market is prone to manipulation because crypto is a speculative market. I believed that the market will take its natural course just like prior years, it will bubble the pop, then go on a bearish or hibernation phase and then go up again. As for the weak hands, we might see them getting smarter as time goes by but there's are a lot of people waiting and willing to throw their money so the cycle continues. |
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When? And what is on the agenda?
Next one is in 7 September (Bitwise). Then 21 September (Direxion), and only after that it's the 30 September VanEck / SolidX, which is causing a lot of hype. But all of them can be postponed afaik. Thanks. I didn't know that there's still three meetings about ETF like I thought it's just one.  Seems many of us are anticipating the probability of postponed approval, this will entirely affect everything, I mean were more than used to it now and no more panic thing will happen and so the market will just be stable. And the least we're expecting nothing. There are a lot of ETF's prior to this one.Other's though are not well publicized. There are 9 prior ETF proposal and the media put a hype around the Winklevoss ETF's which we all know have been denied. I also think that the VanEck/SolidX proposal will also be postponed but I believe that with all the past and current proposals, this proposal has the likelihood to be accepted. Anyways, approval or not, bitcoin will remain in the next coming years and this proposal can either bring new influx of cash or just another tool for big players to sort of "manipulate" the price. That's why there's still a big debate whether if we really needed ETF's or not. |
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When is the best time to invest in cryptocurrency?many people do ask this question and at time I do crack my brain to give right answer. Pls what is the best time to invest in cryptocurrency?
In theory, the best time to invest is when a certain coin is down or in dip, for example, ETH for example have suffered from as high as $1200 to <$200, so that's a huge dip and it looks like it has bottom already. So today is the right time to jump in and accumulate because its very cheap. The only problem though is that its hard to see when the price will bottom. That's why I always try to bough (if I have funds), to buy coins every time there's a crash. Then waited for several days if the coins continue to go down and buy more. So when people sell, I buy and when they buy I started to buy even more. |
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14000$ is a goal I see it can go up in 2018. Many post and people are hoping for a historic pump that makes the price go up more than 20k usd and in fact it is impossible.
I am fairly sure the market will end in 2018 and Bitcoin will reach a price of 14k usd or less
$14k would be a pretty good achievement if we are able to get luck on our side in this market as nothing really warrants it unless the whales and manipulators feel they want to drive it all that way up anyway to their advantage and then continue with the downtrend thereafter. Like you mentioned, and with the huge bearish sentiment in the market, I really do not see this market having a serious movement upward that could shoot us as high as $14k but at the same time, no one knows what the future holds. Definitely $14K will be a good achievement, actually the range of $10K-$14K will be a good incentive for everyone at the end of the year. We have suffered from this bear market so its about time to get at least even in 2018. But I see that we are going to struggle and we might not get the chance to see the price hitting $10K. SEC will keep delaying their decision and this will have a huge impact on the market. Because everyone is waiting for that decision because they know that once it gets approved fresh cash will pump the ecosystem again. |
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One advantage of DOGX is that is it can be mined using GPU so that's one incentives for everyone and it could be the main contributing factor that can make this coins go to the top 10 list easily.
I see that its possible that the price could 'moon', once it hits trading exchanges. Investors are willing to pour their cash on anything new and besides, DOGE has withstood the test of time like ETH so I'm not suprise if the fork coins will go better than the original, just saying.
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Bitcoin Cash Hash Rate Drops By 37 Percent in One Day Bitcoin Cash (BCH), the third largest cryptocurrency in the world, has suffered from an enormous drop in hash rate over the last 24 hours, making a widely feared 51 percent attack a reality. After plunging by 36 percent in a single day, the BCH current hash rate is sitting at 3.372 Ehash/s. BCH miners are moving to Bitcoin again because there's no incentive mining BCH now? And the article also mentions the possibility of double-spending attack since hash rash is so low? |
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things like this sound good in the news but in the end in my opinion, they do not matter at all because their target customer is extremely limited. for example in this case luxury cars already have limited customers and on top of it this is just one dealer that is accepting bitcoin which limits it even further.
It might set a precedence in the future. Crypto investors are shouting "Lambo", so most likely buyers of this sort of luxury cars are either millionaires or bought crypto early. Limited customers with unlimited amount of money, still good news in my opinion. what we want is more adoption in places where average people have access to. like grocery stores, retailers, online shops,... for instance we need Amazon to start accepting bitcoin or instead (even better) we need Open Bazaar to be adopted more replacing Amazon.
I agree. Casual people like us should used crypto like buying stuffs offline and online. May not be happening today, but we all know that sooner or later it will be. Japan for instance has been in crypto for more than a year now and continues at a rapid phase. Bitcoin ATM"s are also slowly increasing year-to-year. Crypto adoption is just around the corner. |
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What looks to me like a bull run also appears like a bull trap, however studying the pattern of growth shows a gradual and consistent growth unlike what we have seen previously in the growth patterns, but I am of the opinion that if btc happens to get above $9000,then the obvious bull run has returned
$10K would like a good price to say that we are out of the woods and its time for the bulls to take over the market. We are not there and growth patterns every day is very slow, so we should not be too excited for now. I tend to believed that is not yet a bull run, although the price is moving up pretty nicely in that last couple of days, I see trading volumes still weak to say that this is a bull run. So I would not not want to jump into conclusions here because 90% I don't get it right. LMAO.
The thing with this market though is that is really fragile and volatile, when everyone is singing that we are in a bull run, suddenly something happened, like whales dumping bitcoins and taking profits or negative news cooling the market off. So let's see how it will turn out in the last couple of months so see whether we are out of the woods or the bearish sentiments will extend till the end of the year.
Volatility is part of the ecosystem, and its really prone to manipulation from whales or other institutional investors. But most of the time is they see a bull run they tend to fuel it more and set a trap so its really hard to see the situation right now. Besides everyone is still on the SEC's decision at the end of the month, that could make or break this so called break out runs in the last 2 weeks or so. EDIT: After I post this, it looks like the bull run is over as bitcoin dramatically fell to $6900-$7000 range. So its confirmed that what we have seen in the last 2 weeks is just a bull trap set up by manipulators again. |
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No, of course not. I assume that the Bullish market runs if the Bitcoin price reaches around $ 10,000-$ 11,000. While for now, Bitcoin can only reach around $ 7,000. I am afraid it's just a trap, don't you think it?
It's already blown past 7,000 within the last couple of days... Right. As I have said in previous threads, this is a bullish pattern that we are seeing after trading sideways in 2nd-4th weeks of August. it blew past $7K and now above the $7200 mark. So its really exciting because all indications is green, alts already suffering which means more money is moving to bitcoin market. Perhaps a good run above $8K, but then again there's the looming ETF decision at the end of the month that might make a big difference in the price in the this last quarter of the year. |
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Russia's involvement is not provable.
Russia's Putin have gone publicly that he supported Maduro even after all global nations rejected Maduro re-election. Russia even have a debt re-structuring scheme to help Venezuela because of the US led sanctions. So I'm assuming and most probable that they will also back him up with his Petro scheme, however, it looks like its not the case. And in Feb this year alone, Maduro claims he raised more than $700 million in one day.  . So where is that money?  |
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Venezuela’s Cryptocurrency Petro Has No Users, No Investors and No Oil to Back It Up
The petro has stirred up a lot of debate among the cryptocurrency community. Some believe it is a successful example of using the technology to create resource-backed assets and bypassing financial sanctions. Others see it as a scam by a corrupt government that already inflicted economic calamities such as hyperinflation against its own citizens. A new report is unlikely to end this debate but it does help shed light on what is really going on, as reported by Reuters. https://news.bitcoin.com/reuters-venezuelas-petro-has-no-users-no-investors-and-no-oil-to-back-it-up/Is anyone surprise by this news? I really thought that the the only investors they can get is the Russians, or this is just Maduro's fantasy coin? with no one to really back it up but failed promises to help uplift their economy? |
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Bitcoin price is not controlled it is just moving with the buyers and sellers trend some walls are helping to cross the limits of different prices but an accidentally or intentionally not compulsory things and does not matter.
I tend to disagree. Whales can really 'influence' the price. If you try to closely look at the so called buy and sell walls, manipulation can happen by cancelling such orders after it looks like that a large buyer or seller was in action. Sort of deceiving traders and most of the time noobs are swayed by those orders, and panic sells. And specially in alt-coin market, you can sense that someone is playing from behind when you see prices go up and spike without any sensible news that will really push the price to the next levels. So accidentally or intentionally this market is prone to price manipulation, just saying. |
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Dogecoin price has soared nearly 60% possibly on reports that an alpha release of Dogethereum has been made available.
The meme-spawned, inflationary-friendly cryptocurrency Dogecoin $0.00587 +2.93% has potentially benefitted from the recent release of Dogethereum, confirming previous rumors Bitcoinist reported in February.
Daily trading volume has also risen to a whopping $144 million from just $5 million days before, according to data from Coinmarketcap, an increase of 2800 percent.
https://bitcoinist.com/dogecoin-price-soars-dogetherum-launch/Anyone able to take advantage of the situation? To be honest, I don't followed Doge, because I though that the coins will simply exist without any development from behind. I hope that those bagholders are taking the profits now as it might not sustain this rapid rise. Interesting to note that they decided not to split the chain through hard fork, good moved. |
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Just follow the cryptocurrency news and speculation mate I think those things affect the cryptocurrency market very well
Any news aggregator? i mean, not a single portal but a platform showing news from different news portals, twitter, redit and more. A few on my lists: My favorite is faws.com. I find it very easy to used and like what you are looking, if gives you the current state of crypto sphere. If I'm not mistaken they pull or aggregates around 40 news portals. So very handy, specially if you are looking to invest on a coin and wanted to follow and get a accurate price listing. |
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Its no big deal. Eminem isn't the first to mention bitcoin in his song!
~ snip ~
Lol. Perhaps you didn't know how influential Eminem is. He is the "Rap God", so anyone listening to his song would be interested on what "Bitcoin" is. So the potential to go the next level is there and thanks to celebs like Eminem.
@Patatas - YO DAWG! Thanks for the share. |
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Thanks for the share. I too was a fan of Bruno specially the way he busted scams around here. Although I never conversed personally, I always follows his post around, and most of the time its a good laugh reading his comments. I recall he connected a scams with some Russian dude or something and the way the connected the dot is amazing.
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