This is not manipulation. If someone owns 18K in bitcoin and wants to sell, that is their choice and there is nothing anyone can do to stop them. If there was a way to stop a sale then I would be selling all my coins as well. If you want to see a higher valuation of bitcoin then you are going to have to do something other than trading crypto for fiat, back and forth again and again. All that does is create wild swings in price and favor the person with a lot of coins. This is the economic model WE built and it is not unfair for someone to profit from that model. This. In a free market you can sell your coins if you want. We have no idea why the owner of the coins is selling - perhaps they're buying house. |
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If the SEC approves do you think it will have a global impact on other financial regulators? Will this possibly pave the way for an explosion in bitcoin value? Please share your thoughts. Thanks!
Short answer is No. When the declined the Winklevoss ETF last year they said that the reason was because most trades were happening on unregulated exchanges where prices were being manipulated. At the time the Chinese exchanges dominated. The Chinese exchanges have gone, but the majority of trades still happen on place like BitMex, Bitfinex and so on. The regulated exchanges like Coinbase and Gemini don't do that much business. Untill the regulated exchanges start dominating bitcoin trading, the SEC is going to keep denying permission for bitcoin ETFs. |
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The $6,000 support is broken now and it's dumping like crazy. It just keeps going down. I hope there are willing buyers out there that would push the price higher and keep the $6,000 support for the daily candle. Stoch RSI is already oversold and it seems that there are buyers out there because it is pushing the price now but we have yet to see if the bulls would be able to push the price up and beat the bears for the day. After all, there is still more than 20 hours left for the day candle to close. I do hope that the $1,000 price would not be reach too.
It's back up to $6400. The "dumping like crazy" that happened when $6000 broke was just stop losses being triggered on longs. (Because they were long, they had to sell to close the trade). I think there are a lot of institutional buyers who sit just below $6000 hoping to pick up cheap coins, which is why we have bounced back up. |
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$8,000 - $6,500 it's not a crash.
Forget about August 10, ETF was delayed.
Whatever drives this plummeting simply means that we're not yet in bull run.
Then what is it? A normal adjustment? A small dip?  It's a crash, stop trying to cover it in honey, it still stinks!! It's just normal profit-taking. People are trading within a range - so when it gets to $6000 - $6300, it encounters a lot of buy orders. When it nears $8000 a lot of sell orders kick in. As long as we don't dip below $6000 we're good. If we do dip below $6000 for more than a day, then we're in bear market territory. |
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I would never buy and hold USDT.The tether bubble scam might burst at any time.
"trade only what is stable"What do you mean?Most traders buy/sell cryptocurrencies mostly because their prices are not stable.It they were stable the market woul be dead.
This. I can't believe after all this time people are still buying or holding tether. If you don't want to hold BTC, then find an exchange that allows you to trade it for dollars or euros and hold those currencies while you wait for your opportunity to get back into btc. |
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Is it practical to expect tenfold jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?
It happens only after protracted bear markets. So the jump in 2013 was after a two year bear market from 2011 to 2013. The jump in 2017 came after a three year bear market from 2014 - 2017. We have a lot of sideways movement to go before bitcoin gains the confidence to push for another big surge. |
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https://cointelegraph.com/news/new-gallup-poll-shows-only-2-of-us-investors-own-bitcoin-but-26-are-intriguedThe results of a Wells Fargo/Gallup poll published July 27 finds that only two percent of U.S. investors own Bitcoin, but 26 percent are intrigued by it.
The online survey was conducted May 7-14, 2018 amongst U.S. investors with more than $10,000 in stocks, bonds or mutual funds. The results show that the overwhelming majority of investors who have already heard of Bitcoin will not be investing in the leading cryptocurrency any time soon, with 72 percent saying they “have no interest in ever buying Bitcoin.”
According to the data from the poll, even though 96 percent of investors had heard of Bitcoin, “only about three in 10 investors (29%) say they know something about digital currencies,” with 67 percent saying they have heard of them but don’t know much about them.
Even though the initial intention behind Bitcoin involves its use as a means of payment, or “electronic cash”, it’s high volatility has made it “more popular as a high-risk/high-reward investment than as an online currency — although acceptance of Bitcoin for electronic payments is growing.” The results of the survey show that 75 percent of respondents view an investment in Bitcoin to be “very risky,” with 23 percent saying it was “somewhat risky.” There is potential for a lot of new money to come into cryptocurrency.
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Well the two year bitcoin bull run actually ended in December 2017. We're in a bear market - the question is whether events of the last few weeks mean we have bottomed out and are edging back up again. We can't say we're back in a bull market until we get past $10,000. |
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Actually I asked that before, and what if all of us sell our bitcoin? But the price of bitcoin is more than the real money how we can get that? Well I don't think bitcoin has backed up by real money because bitcoin is a digital currency that can change in fiat.
You can only sell if there is a buyer... The price will only go to zero if no-one is willing to buy. But as we have seen with alts, there are always buyers, even for the most obscure alts. |
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The below politicians are accepting money in bitcoin in order to run for a government position and are accepting donations in bitcoin
1. Greg Abbott, Candidate for Governor, Texas
2. Bob Barr, Candidate for US Representative, Georgia
3. Paul Dietzel, Candidate for US Representative, Louisiana
4. Jared Polis, US Representative, Colorado
5. Gavin Newsom, Lieutenant Governor, California
6. Bryan Parker, Candidate for Mayor, Oakland, California
7. Steve Stockman, Candidate for Senator, Texas
What do you think about the future of bitcoin, looking at how these people are accepting bitcoin in order to raise money to run for an election
It's not "bribery" if it is a publicly recorded political donation. Anyone hoping to bribe anyone with bitcoin is an idiot - bitcoin has a public ledger and everything is trackable. |
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http://cryptocoinjunky.com/wall-street-traded-572-million-in-bitcoin-futures-during-tuesdays-bull-run/As noted by Mati Greenspan, a senior market analyst at eToro, this rally was fueled in the spot markets by the usual suspects — traders in Japan and South Korea — who provided a surge of volume to help push the bitcoin price past key levels.
“According to the volume on exchanges, it seems clear that the rally is being led by East Asia,” Greenspan wrote, “The US Dollar had a spike as well but it was much more focused. Meaning that the Americans only participated during the extreme part of the surge and less in the before and after party.”
That’s not to say that the U.S. was absent from the rally. In fact, Greenspan said, trading data from Chicago-based. derivatives exchanges CME and CBOE — the only two regulated U.S. exchanges to list bitcoin futures — suggests that Wall Street wants a piece of the action.
Tuesday trading volume on CME reached 12,878 contracts across all expiration dates, worth an equivalent 64,390 BTC (each contract represents 5 BTC). CBOE traders exchanged 7,138 contracts, each equivalent to 1 BTC, bringing total U.S. bitcoin futures volume to 71,528 BTC. At $8,000 per coin — the mean of Tuesday’s opening and settlement price in CME’s August futures market — this translates into a daily volume of $572.2 million. 
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The following has come to my attention:
-Someone in a youtube comment mentioned that bitcointalk is full of third worlders who post gibberish replies in threads in order to gain post counts but I'm afraid that it's worse than that. I believe it is fully automated forum bots that is operated by either governments or wealthy private citizens or possibly criminal enterprises. In my own thread, Burianchain, several mysterious nonsensical replies followed after my post and I am now sure that it is bots.
-The very same bot networks are used to leverage pump and dumps on exchanges and create social media fomo. My experience on an exchange where the Museum Token is trading is that they suffer constant fraudulent account registrations and voting fraud.
-I recently registered on one of the biggest freelance sites as a freelancer to do some charitable work for the crypto community and while scrolling through job listings it is full of offers like "i need 300 professional linkedin accounts that can bypass telephone registration".
So the takeaway here is be very mindful that there is large scale, possibly government scale, astroturfing going on in this forum and on prolific social media sites such as linkedin.
Of course this is not a new phenomena with bought followers and so on, but it is quite sophisticated and deeply deceptive.
I am aware that counter measures are in production to verify online activity.
Be mindful.
That's why the merit system was introduced - the nonsensical posters won't really accrue any merit at all. |
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/r/CryptoCurrency/ is such a weird place, you can't really expect to have any sort of serious discussion there.
When you look at that sub, it seems as though it's full of children. Some of the comments are just atrocious.
The Daily Thread on https://reddit.com/r/BitcoinMarkets/ is the best place for intelligent discussion on bitcoin. They moderate it well, so the silly/scammy stuff is absent. |
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I'm quite sure that the increase we started recently will last till next month, and probably stagnates just before the ETF decision.
If the SEC comes up with good news, we might see a mild pump, but don't expect any fireworks because the ETF market won't go live this year.
If the SEC comes up with bad news, we can be nearly sure that the price will tank back and people will instantly turn into ultra bears, because that's how this market works.
My plan is this;
Short Bitcoin one day before 'deadline'.
Positive news = liquidate my position directly with a small loss and go long.
Negative news = profit for me.
The risk in my case is just a few % at most, and for that reason perfectly doable. The profit potential is far greater.
Be careful about being whipsawed on the decision day. Take a look at the bitcoinmarkets thread for the last time there was an SEC decision. The market made wild swings, taking out everyone's stops on the upside and downside - and it was deliberate. Also, many exchanges were unable to cope with the volume and went down at crucial points. |
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The biggest risk to Ethereum is all those ICOs being banned, because most of them were built on top of Ether's platform.
Looking at ethereum's chart, it's fallen less than other altcoins. So a 36% drop isn't that bad. I wonder whether Tetras Capital have gone public with their short to encourage other investors to sell...
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Sometimes many people try to manipulate the market and buy precious tokens cheap and selling high later.They intentionally cause fear and panic in the inexperienced members and take advantage to perpetrate their greed activities.
Yes it has now become a regular phenomenon and it was higher when Chinese dominated the bitcoin market earlier. Ha-Ha, yeah. We used to get "China has banned bitcoin" stories practically every month. Then they actually banned bitcoin and we got "China has changed it's mind on the ban" stories for a while. Thankfully they've died down. |
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I don't think the ETF will get approved. All the same problems that existed last year (the unregulated and manipulated exchanges setting prices) still exist.
Volumes at the regulated exchange arn't yet big enough for the SEC to feel that the regulated exchanges are setting the prices.
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Remember ladies and gentlemen, these types of stories only come out AFTER the big boys have invested.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
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Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin. And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin). Will the impact be positive or negative? The rule of thumb is, if the country has capital controls it won't legalise crypto, because bitcoin can be used to get round capital controls. |
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An average sized solar panel has 20 grams Silver. That 20 kilometers x 15 kilometers long solar farm in China  A cruise missile has 16 kilos Silver. Interesting - demand for silver should start to soar as more and more warmer countries go solar. |
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