We may not know it fully but these guys are already heavily invested in bitcoin and the blockchain technology as well. It started with the fqinancial institutions, and who knows maybe some of the big companies are secretly investing so as not to rock the momentum of the market and cause an early FOMO. Those who have invested early are the ones who will reap the benefits fully in time, and it's a smart move to have invested as early as now.
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This essentially narrows the avenues for money launderers to take their money to and effectively use CipherTrace (finally) into some good application. Good thing that the Japanese are keen into doing such innovations and spearheading developments in the crypto world. The Japanese cryptomarket is growing every day, and with Rakuten pledging to accept crypto in their stores, it just keeps on getting better. Not only are they interested on profits but also on the welfare of their users which is pretty rare for big companies nowadays.
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Normal pump and dump games to condition the mind of people into getting them hooked with BSV. Whoever is behind the said pump is obviously trying to trigger a FOMO event for BSV before they dump right into their faces. Not that I'm saying that all those rise were artificial, but seeing how fast the rise is for a relatively small market is beyond comprehension (at least on this instance). They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.
A small conference doesn't ensure a FOMO, and with today's age, announcements from third-party services dealing with such coins are more sought after and anticipated than any announcements concerning the said coins directly, so yeah, hard to attribute it purely to that conference.
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Local exchanges started doing the same for them to know whether an individual trader's funds come from a clean source or not. Personally, I have opted out of the said KYC procedure and perhaps I would too on my Bitstamp account (which remained inactive for months now). What right do exchanges have to know such details anyway? If a trader has the capacity to trade, then let them be. They already know the details of the person. Just chase after the said person should something shady occur with that person's account, no need to learn all these unnecessary stuff.
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Used both Cloudbet and Fortunejack for a long time, and I must say that both are legitimate platforms, albeit the former having some issues regarding scams and customer funds. As for being provably fair, both claims to be one, and I'm sure there are ways to do that for yourself, too. and a question about live dealer, it seems that on every site i try to get a seat at a table, its nearly impossible, the low minimum bet are ALWAYS full, so i end up playing first person blackjack, which makes me a bit anxious since after all im playing against a machine, which who knows if rigged or not ?
Not entirely sure about live dealer games. They are always full oftentimes so it might be that you have played during peak hours which explains why you can't get a seat.
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SSDs are becoming cheaper as years go by, and the storage capacities are also increasing too, so I don't think it'll be much of a problem in the future. But yeah, if the blockchain continues to expand at a rapid pace in terms of size, the miners have to increase their storage capacities as well, and so the cost of mining will effectively increase too. Then again, technological developments on that area isn't stagnating, so I think we're still okay. Just 40 or so years ago, we managed to get by with very little storage spaces compared to what we have today for very important events for Mankind, so we're good, I think.
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Truth be told, no one really knows the real and exact reason for every market movement. One can always only guess what the real reason for every movement but no one can really tell the exact reason for each movement. I believe that coincidence really plays a big role for major market movements, and the reaction of the market only follows only to be aligned with something *significant* happening at the same time.
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6, 7, 8, 10 are the things which I think bitcoin will fail to deliver as it just doesn't fit the whole picture for the said crypto in its current state. Sending money using bitcoin is expensive more often than not. Governments wouldn't allow a one-world currency, let alone a single, world government unless something bad happens to the world and a central authority is really needed. People still need traditional bank accounts for most of the time if they happen to want to use that bitcoin as fiat. Btc loans are primarily honeypot for scammers in the making, and in general not a good business model.
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At some point, almost is perhaps the term because I couldn't remember any instance that such an attack was successful. Well back in 2014-2016, people were concerned about the growing number of miners in China, and also their hash rate at one time exceeded 50% which was near the said attack. Thankfully though these Chinese miners don't want to ruin the network and it has been clear since then that they have no intention to do so, given that A: they are different miners controlled by different operators and B: mining back then was so profitable that destroying the network is literally closing the gold mine away.
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With that thinking, are we sure that the godly purpose of bitcoin is the only factor which made it as successful as where it is today? I think not. The moment people started trading it with fiat is IMO what really drove it to the success it is getting right now. Admit it or not, that fact alone help cement bitcoin's legacy status in the financial world, and perhaps without it bitcoin is still within mailing lists and close circles of cypherpunks and enthusiasts wanting to make a change.
It is no doubt that bitcoin's value and purpose is important in getting its success, but there are other factors at play, too.
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Funny how most web wallets won't be liable for such, and it's just in good will that some are reimbursing their customers in the event of a hack e.g. Binance with their SAFU fund. Perhaps it's time that exchanges and web wallet services be held liable for the losses their users incur in the event of a hack directly targeted towards an exchange as a whole, but if it's only on a single, isolated account, exchanges don't need to pay anything to the user as it is on the negligence of the user himself.
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Most interesting application would be logistics and planning. Companies with a strict sense of compliance to due dates and deliveries employing the blockchain tech would get a somewhat fool-proof and system with little to no room for failure--that is if they configured it optimally to their operations. It will also increase security and efficiency of the system, together with the people working on it as anyone can see what everyone is doing in order to complete tasks.
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Roger Ver has always been the lesser evil between the two, and rightfully so has more credibility over Craig Wright at any day. I'm not even fond of Ver knowing that he himself has a fair share of nefariousness in the crypto world but he's somewhat tolerable than the fraud Wright is. Anyhow, I'm rooting for Ver for the lawsuit, and it seems that day by day, CSW is nearing jail time due to him being caught lying in courts (hopefully.)
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April 1st movement was purely a pump from the side of the bulls. Everything else that followed was pure FOMO and a bit of a market manipulation on the side. Add to that the on-going trade war between China and the US, only igniting even harder with Huawei's ban. The turn of events after the April 1st pump was complementary with the market, and I can only say that these are perfect recipes for an insane push from the bottom that we were stuck in for the past 5 months or so.
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Hard to imagine if they are really telling the truth. Most exchanges nowadays are kinda propping up the numbers for volumes in order to attract traders and customers for liquidity, and it doesn't matter even if the market as a whole is really active at a given time. Also, if this is indeed true, gold doesn't really move that much AFAIK, and the disparity in trading volume is understandable. But if you look in their total market cap, that's where things get really interesting.
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Easy call, and with the recent run-ups made by the market in the past 2 days, it's possible breaching $9000 within the next week and march towards $10000 mark. $11500 is a bit daring target IMO and $10000-$10500 is somewhat the most conservative bet one could have if we take a look at the current market conditions. Price often falls short of the actual resistance level by a little bit. Sort of like when BTC topped out at $9,950 last year, just shy of the $10K psychological level.
True that. There are really some tough guys on resistance levels causing the actual price to fall short of the actual projected target.
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Don't get me wrong, Cuba is a lovely place and is basically one good visit in the Carribean, but the island is literally lacking on infrastructure focusing on the internet and other telecoms for the outside world. I don't think there are any legal stance on Cuba regarding bitcoin and crypto just yet, and perhaps they are focusing on things other than a new asset/currency (internal politics, societal development etc.) Always slow news on the said country, and for months I haven't seen any article regarding this lovely island apart from travel guides and whatnot.
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Real hardcore FOMO hasn't kicked in just yet, so I don't think there will be a lot of newbies worrying about investing at the wrong time for the market. Those who are investing at the market right now are probably the ones who have failed to collect profits during the 2017 ATH and the older people. Most newbies are still gauging the market at this point in time and are carefully calculating the risks over the reward that's for sure, as evidenced by a lot of newbies posting here and also the searches on google trends as well. As always, DYOR and asking is better than blindly throwing money on things one cannot fully understand.
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In one point perhaps crypto would experience and head that way, though I don't think that it will be completely going that way. Only those who wish to trade their crypto to fiat are at risk and are offering being data mined by companies, and for the rest of the community who doesn't use centralized exchanges on their dealings, I guess they are safe from such surveillance--but then again we know at some point they are going to have to exchange that crypto to some fiat.
Perhaps it's a compromise we must accept in order to see bitcoin and crypto grow and have some of that acceptance from the masses.
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I was so confident that we will be stagnating in the low $8000 prices for a long while and so I have removed my sells for $8700 (my target sell price) knowing that it will just be in vain. Right now, I have sold any holdings that I have and gained a good profit, and am just waiting for the price to come down, perhaps back to $7000 ranges and buy back, wait again and do the same thing. June will be exciting IMO for bitcoin, as historically, this is the month for pushes and also for retraces, only for the market to come alive August up to higher highs (hopefully).
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