We might be for another rollercoaster ride again. Does everyone remember the bitcoin futures pump of December? It was approved but the price also crashed after the hype. I reckon it does not matter what the decision will be on the ETF's application because there will be many whales selling on the news as a trading strategy.  Bitcoin on Tuesday surged above the $8,000 mark for the first time since May, giving renewed hope to cryptocurrency bulls looking for strength from the market's bellwether coin.
Bitcoin's latest surge comes shortly after a positive stretch of trading which was inspired by encouraging regulatory development around the world, as well as news that established financial industry behemoths were looking to develop crypto businesses.
This week, bitcoin bulls are getting excited about the expected approval of a bitcoin ETF sponsored by VanEck and blockchain platform SolidX. The U.S. Securities and Exchange Commission is currently reviewing the application of this fund, and a source cited by ICO Journal said its chances of approval were "90% at this point."Read in full https://www.nasdaq.com/article/heres-why-bitcoin-has-gained-15-this-week-cm995927 |
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I reckon the speculators in the forum are not convinced that bitcoin's price has bottomed. Also, maybe we are not that persuaded yet that the pump is sustainable at the same time hehehe.
The absence of comments and advice might be showing that we are in a stage of confusion.
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India or any other country might not have the correct laws in their present system to regulate the cryptospace. If they wanted to make it regulable, then they might have to change their constitution. Remember that bitcoin is not a currency at its core, but a software message passing system. If the supreme court of India makes a bad precedent, then that might affect how they regulate other software message passing systems like Whatsapp hehehe.  Solving the uncertainty surrounding India’s cryptocurrency situation has been challenging. The domestic Supreme Court aims to hold a final hearing regarding the RBI’s ban on crypto. While enforced by the Supreme Court at first, the situation can still change. For cryptocurrency companies and enthusiasts, the final hearing will not happen until mid-September.
This is another setback for the cryptocurrency industry in the country. The final verdict was to be rendered on July 20th. However, the Supreme Court decided to push back its verdict by another seven weeks. Why that decision was made remains unclear to all participants. Deciding the fate of Bitcoin and altcoins is a very big decision. Weighing the pros and cons needs to be done in a careful and unbiased manner.
Domestic cryptocurrency operators aren’t pleased with this added delay. Every day without a solution cripples the Indian crypto industry even further. Given the success these exchanges have seen over the years, the decision by the RBI makes virtually no sense. Cryptocurrency brings a lot of investment and jobs to India. As such, the ecosystem should be cherished and nurtured, rather than outlawed.Read in full https://www.livebitcoinnews.com/indias-supreme-court-postpones-verdict-on-cryptocurrency-ban-again/ |
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I also reckon that the subject of fungibility will have more importance and will not be taken for granted as it is today in the cryptospace.
And the upcoming Schnorr signatures and Confidential Transactions technologies will close the fungibility chapter, more or less. I reckon it will take 3 or 4 more years before we can see an implementation worthy of another softfork for Schnorr, then another round of miners taking their time to signal that they're ready to fork because of politics. Maybe 5 or 6 years before we can enjoy optional privacy. |
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I like this! Is there a trusted bitcoiner in here from America? Let's form a lottery freeroll group hehehe. Also, is there a way to personally participate in the lottery from the outside? I reckon winning the $500 million is a very easy exit scam hehehe.
Degen Hedge – Bet both on no jackpot winner and on the lottery itself. For example, if you bet 100$ at 1.339 then take the 33$ you will win if there is not a jackpot winner and buy lottery tickets. If there is no jackpot winner then you have a lottery freeroll.
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How and why is 1xbit still a D? I reckon there were many unpaid players that complained last year while the sportsbook was continually accepting deposits at the same time.
Were those complaints verified as true or were they exaggerated by people who cannot wait for their coins to be sent to their wallet?
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I reckon many of you have started accepting the possibility that bitcoin has reached the bottom, versus 2 weeks ago, when all of you were always ready to throw rotten tomatoes at me. But I understand. The mood 2 weeks ago was very in denial and pessimistic. Also, any bullish article shared was taken as trolling hehehe.  CEO of Galaxy Investment Partners Mike Novogratz expressed his optimism for the future of Bitcoin to CNBC’s Crypto Trader in an interview at the Beyond Blocks Conference in Seoul, South Korea.
In a previous interview during December of last year, Novogratz stated that he was not interested in investing in Bitcoin due to the looming uncertainty to follow Bitcoin’s 2017 boom. However, Novogratz has since become bullish on the prospects of Bitcoin, stating that he thinks the price of Bitcoin has finally hit bottom.
“I think we’ve pretty much bottomed,” says Novogratz.
Novogratz also suspects a “tipping point” is coming and all it takes is for one large financial institution to come into the cryptospace for the rest to follow. Novograts believes this tipping point will come within the next 6-18 months.Read in full https://unhashed.com/cryptocurrency-news/mike-novogratz-cnbc-bitcoin-bottomed/ |
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I don't know about you guys but I struggle to come up with an objective range for what's "fair value". I mean, say it however you want, but the market price right now is always going to be the real price. How do you measure fair value? According to the side of the coin you're on, it's anything from $0 to $1million. But what people are willing to pay for it in the here and now? That's the value we've got to deal with in dollars. I'm so weak, fell for it and I've clicked the the link.
Anyways, the article focuses more on charts and the rumor about CoinBase's hidden actions. (no spoilers)
I've seen a lot of related rumors around here in the speculations board and there aren't much of a difference except of the enthralling format.
Probably this was just posted here to gain more traffic, but who am I to judge, there's nothing wrong with it.
You and me both. And I learnt nothing new, except my brain's right side is flickering a little. I disagree. Yes, the article itself might be rubbish but you can still learn by reading the comments of the people and determine their mood towards the market. In any case, I learned that if I showed that article 2 weeks ago we would see the same group of people comment more negatively and would not be as open to the thought that there is hope hehehe. |
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Then I reckon investing, or as Warren Buffet would make us say, speculating in anonymous and privacy cryptocoins will be the next natural step. I also reckon that the subject of fungibility will have more importance and will not be taken for granted as it is today in the cryptospace.
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Was Lewis Hamilton's move on the grass, when he was on his way to go into the pitstop and then ordered to stay out at the last second, a legal move? I reckon it was unfair because there was the same incident that happened to Kimi and the FIA gave him a 10 second penalty for it.
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Will saying that bitcoin's fair value is above $10,000 be a more realistic statement on the price of bitcoin? I reckon it is. But wouldn't it then make Tom Lee's price prediction of $25,000 on December of 2018 more of a surety than a slight possibility? That is only a 2.5x gain for bitcoin, which it can easily make.  Over the weekend, Bitcoin prices remained pretty stable with buyers jumping at $7,100 rejecting depreciation below $7,000. In any case, what we have is a nice bullish engulfing candlestick bouncing off a key support line at $6,000 following last week’s rapid gains. Even though our Bitcoin (BTC) longs are active in line with our trade plan, adding more with stops at $7,000 and first bull targets at $10,000 will be a nice trading plan.
From the news, Institutional involvement is and shall continue to be the lifeline of tradable assets irrespective of the exchange’s location or size.Read in full https://www.banklesstimes.com/2018/07/22/bitcoin-btc-technical-analysis-with-institutional-involvement-btc-fair-value-above-10000/amp/ |
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Central bank issued digital currencies will not reshape its competitors in the cryptospace. Its competitors, and I would assume they are implying it is bitcoin and altcoins, have reshaped them. So what is there response? A centralized, supervised digital fiat that will neither bring anything new or any disruption. Maybe they have not yet deeply understood what a real cryptocoin is.  A research on problems with competitors in fintech, commissioned by the European Parliament Committee on Financial and Financial Affairs (ECON), was revealed July 20. It discovered that central bank-issued digital currencies could possibly be a “treatment” for an absence of competitors coverage within the crypto sector:
“The arrival of permissioned cryptocurrencies promoted by banks, even by central banks, will reshape the present competitors degree within the cryptocurrency market, broadening the variety of rivals.”
Personal digital currencies are outlined individually from central bank-issued digital currencies (CBDC), noting that the CBDCs differ by being based mostly on a “typical bilateral settlement with a trusted central celebration.”
In response to the research, since closed cryptocurrency methods require a supervisory authority, central banks could possibly be contemplating utilizing “permissioned cryptocurrency methods” to “complement or substitute” the currencies already used.Read in full https://maplecoins.org/central-financial-institution-digital-currencies-will-reshape-competitors-in-crypto-market/
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I reckon we should start speculating on the same cryptocoins listed in Coinbase because billions in fresh capital will be quietly going into them. Also, be careful because those institutional investors will dump them to the new bagholders during the next bull market hehehe.  Coinbase Prime, a crypto trading service targeted at institutional investors, has reportedly found a $20 billion client, according to Business Insider:
“Already, the firm has onboarded a $20 billion hedge fund through its prime business, [people familiar with the matter] said, declining to specify which fund.”
This latest news comes as institutional investments into crypto are becoming increasingly commonplace. Just yesterday, Peter Smith, the CEO of Blockchain Ltd, noted that although individual investment is falling, institutional investors have been attracted to crypto investing due to clearer regulations.
Despite all this publicity around institutional investment, it’s not yet known who the big investor is. Earlier this month, Bloomberg reported that Polychain Capital put assets into Coinbase Custody, making it one of the few institutional investors known to be a Coinbase customer. But Polychain only has a little over $1 billion in assets—needless to say, this hedge fund’s investment is likely much larger by comparison.Read in full https://unhashed.com/cryptocurrency-news/coinbase-prime-snags-20-billion-institutional-investor/ |
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I am surprised that they don't go beyond the top 10 coins in market cap to find hidden gems.
They haven't proven anything yet. In this space hidden gems can just as easily become hidden dump holes since utility doesn't matter. I know enough coins with pretty decent utility that actually deserve to be up higher in the overall list, but they don't get any serious exposure because the hype only concerns a few top coins. What other than the listed coins have proven to be worthwhile according to you? In my opinion Monero has been decent, Byteball and Digibyte. These coins however won't ever be able to climb up the crypto ladder due to how this space works. Bitcoin and Ethereum will probably be the only main coins.... I reckon Monero is more than decent. It might be the cryptocoin that has learned from bitcoin's past mistakes and might show that their way might be the right way. Which are onchain private transactions, Asic resistance and no miner signaling before forks. The purpose of signaling in bitcoin has been abused by miners by making it a political tool, instead of a tool for showing readiness to fork. |
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How high is the possibility that Aeon might be delisted from Bittrex because of low volume and lack of interest from traders? I am fearful that we are depending too much on one centralized exchange for the success of Aeon in the market.
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@sportsbet.io. There is politics betting on the site, are you open on listing Game of Thrones betting to compete versus Nitrogensports? I have noticed that their campaign members have opened a few threads in the gambling discussion subforum promoting Game of Thrones betting.
Also, it will be its final season. It might be good to use as a promotional tool for the site hehe.
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What were the crazy predictions before the Mtgox pump 5 years ago? Were there crazy analysts that said bitcoin would reach $10,000 or more? There was a video compilation somewhere but I cannot find it anymore.
In any case, the point is some of those predictions are not as crazy sounding as it was 5 years ago. I reckon $40,000 is a normal sounding price prediction these days hehehe.
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Payments have been submitted for: July 13 @ 3:00am EST ----- July 20 @ 3:00am ESTPayments will be sent out on Monday!  Keep up the good work guys! Thank you, you keep up the good work also. |
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News update. Bancor responded to critics and have aired their view on why the exchange is not decentralized. In a medium post, the founder said this.
So long as the existence and use of emergency control functions are fully transparent to the world, and users have the ability to easily fork networks if they disagree with their governance structures or execution, networks remain decentralized and censorship-resistant — a tremendous leap forward from the systems that dominate our online and offline worlds today.
That does not stop the exchange from being open to abuse, to freeze funds as they see fit or the ban a user from using the exchange. The Medium post also made weak reasons using opensource code, a transparent database and sovereign authentication.
Would those 3 stop my funds from being frozen?
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@NitrogenSports. Are you adding more betting offers like, who will die first?, on the Game of Thrones when the series is finally aired on television?
I reckon your campaign is also very excited on the show hehehe.
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