The source seems to be an ESL source so is difficult to understand. As above, if you search for bitcoin etf, you will likely find some sources that are more useful. Often decisions and things such as earnings are announced pre or post market in order to give everyone (supposedly) an equal opportunity to react and digest. Depending on if that is what you are asking. Can this be an indication of the end of the Cryptocurrency trade? Also, In the article, it's mentioned The decision was announced unplanned for the financial markets, as this was communicated to the public after the closure of Wall Street. Is this normal? Source - https://ospreyfx.com/the-sec-rejects-another-bitcoin-based-etf/ |
|
|
|
It seems like the people of Hong Kong are trying to safeguard their wealth where no government can intervene!
Something they should have done years ago already because these problems aren't new to them. It was only a matter of time before the bomb would explode the way it did in recent times, and they can only blame themselves for not having taken any precautions sooner. I really hope that they will keep hoarding Bitcoin and not unload it when the situation there calms down, because there is enough empirical evidence that nothing will change and the same will happen over and over again. Too bad common joes are easily convinced that the situation this time will be different. This is how they burn themselves time on time again.  This is THE time to hoard Bitcoin because it won't take long before China will find a way to subject HK to such strict financial rules, that people won't even be able to move a penny out of the country or to any entity they deem to be a potential threat. You are exactly right. And it isn't just China either. There are countries all over the world who have politicians who are looking to rob Peter to pay Paul and buy Paul's votes in the process. People who are smart the world over should prepare for them to come for your assets. Just look at Warren, Bernie, Biden et al. |
|
|
|
The topic describes the issue for us. For us to become a decentralized, we should focus more on mass adoption. I know these may provide some mass adoption but with centralized adoption, it is useless and contradiction for bitcoin itself.
When people decide to stay in bitcoin for much of the time and only rarely convert a portion to fiat, the goal of mass decentralization will be much closer. That will only occur when people are confident that they can hold bitcoin and use it to purchase what they need. The higher the fiat price per bitcoin the better for that to occur. |
|
|
|
Rejected. However, the good news is no one might be caring anymore. Bitcoin is up regardless of this bad news hehehe. The hype behind it, approved or rejected, has clearly gone. The U.S. Securities and Exchange Commission (SEC) has rejected the latest attempt at creating a bitcoin exchange-traded fund (ETF).
The SEC announced Wednesday that the ETF proposal, filed by Bitwise Asset Management in conjunction with NYSE Arca, did not meet legal requirements to prevent market manipulation or other illicit activities. The SEC placed the burden on NYSE Arca, rather than Bitwise’s proposal itself.
To date, the SEC has rejected all bitcoin ETF proposals, citing market manipulation and fraudulent activity concerns.Source https://www.coindesk.com/sec-rejects-bitwises-latest-bitcoin-etf-proposalThe rejection by SEC on the Bitwise Investments ETF proposal is not surprising to me as the odds are really against it. I think that SEC for now is not inclined in any way to approve of such a platform due to the many grounds cited in the decision which had been the same reasons for the rejections of other ETF applications in the past. To the SEC commissioners, this is not the right time, the market is not really ready for ETF and there is no adequate infrastructure and parameters in placed to counteract possible manipulations and frauds. Surprisingly, there seems to be no pull on Bitcoin by this negative decision and this means that we are all past waiting for any ETF approval and in reality ETF does not matter at all as the whole industry has already moved on without it. The reasons cited seem to be merely excuses for rejection, not the main reasons. At root I think the main reason is that it is not controlled by any governmental agencies and that alone is enough for rejection in the short term. |
|
|
|
There can be no adoption without regulations, so that's the first step. After that, the companies need to study the blockchain and see its advantages over old tech. And then, they need to feel the need to actually start using them to stay ahead of the competition, and ensure that they won't be left behind. Many are already exploring the technology and thinking about different use cases and its potential, but I don't expect many would actually implement it without it being properly regulated. They risk too much otherwise.
There was plenty of adoption without regulations. Decreasing regulation is one key to adoption Adding more regulation will only slow adoption. Adding more anonymity will be helpful to adoption. |
|
|
|
|
Why? It is in the name. "Fiat" is created at whim by some powerful organization and backed by the force of that group. Hence the value can be inflated away at whim also. You go to sleep with X value in your currency, by morning it is worth one-half X. Bitcoin is not corruptible that way.
Bitcoin also is censorship resistant so it is much more difficult to stop you from using it. Your credit card and bank account denominated in fiat can be frozen or stolen (seized) by the thugs in government (e.g. Cyprus, Venezuela, etc).
Bitcoin is able to be transported across borders easily, unlike bars of gold or wads of cash which can (and probably will) be seized by the authorities.
And I will say that many of these benefits are NOT related to "cryptocurrencies", but bitcoin specific given the centralized nature of many of the other ones.
|
|
|
|
Bitcoin is uncensorable and incredibly easy to move around, so oppressive governments cannot block holders from doing what they want with their money.
But the government can block miners, exchanger, and banks to facilitate transactions so that people can't convert their bitcoin into cash.
If governments really ban bitcoin, there is nothing people can do to avoid that, even bitcoin can't help citizens in authoritarian regimes. Luckily in some countries ruled by dictatorship like in north Korean and Vietnam don't ban bitcoin. Don't convert to fiat then. That is the long term solution. |
|
|
|
It’s a make-or-break moment for bitcoin ETFs.
The Securities and Exchange Commission has set an Oct. 13 deadline for approving a bitcoin-based exchange-traded fund from Bitwise Investments, a move that could mark a meaningful milestone in bitcoin’s long-term growth story.
...
“We’re closer than we’ve ever been before to getting a bitcoin ETF approved,” Hougan, former CEO of Inside ETFs, said Monday on CNBC’s “ETF Edge.”
“Sometime before Monday, the SEC has to give its decision: yes or no. They have no more ways to postpone it at this point,” Hougan said. “We will hear clearly between now and Monday what they think, and then, depending on what we hear, we’ll go forward from there. But it should be a very exciting week.”
. I'm not holding my breath, so would be pleasantly surprised if approved. https://www.cnbc.com/2019/10/07/on-bitcoin-etf-approval-closer-than-weve-ever-been-says-bitwise.html |
|
|
|
Why not start a competing exchange that is lower priced, without all the overhead. You'd clean up if indeed all this greed is accurate - and you'd easily be able to find investors to fund it if it is just about them being greedy. I agree about extraneous overhead in colleges etc, perhaps here too, but that just means opportunity to do it better and cheaper. This stuff is getting boring.
Coinbase Pro recently raised it's fees so high as to block out ordinary traders. Binance kicked out USA traders. Bakkt is not going to be too much different as they just keep raising the bar and implementing more rules and regulations, making crypto boring. Gemini is just a greed machine too, while the people who own Gemini are already ultra ultra wealthy, and they just want to keep becoming more and more greedy.
It is just one thing after another everyday and it is all really boring news too. Bitcoin is all just a bunch of greediness and politics now a days. This is not a fun environment anymore. It is taken over by greedy exchanges that are already rich, and they do not have to be greedy either, but the people who run the shows just sorta stuck on creating this stuff I guess. It is taken over by people who's entire focus is just being greedy.
The actual cryptocurrency businesses out there that employ people are starting to get overloaded with pointless HR style jobs and soon half the industry will just be grouchy HR people, or grouchy bank people. Also the crypto businesses all require college degrees, which basically guarantees that less creative people will be in there doing anything interesting. It will be similar to how college administration departments became over run by tons of interns who are paid to just push paper and it makes college diplomas too expensive for anybody to obtain without going broke and into debt.
I also do not like all of the female-only cryptocurrency conventions and meet ups. Why are they female-only? Those are like giant planning committees that are planning to just take over and then add more and more worthless HR jobs into cryptocurrency company structure. It really sucks. It is like the whole industry is being taken over by lamo's who really do not have much interest in crypto but they can get jobs related to this stuff, and they can get in on some greedy level making everything unsustainable for everyone else.
Interesting. There is negativity in the whole community too. Try talking to anybody about your entrepreneurship concepts and everybody just throws mud on it like a bunch of Negative Ninnys.
End of rant. I am thinking of taking up a new hobby.
|
|
|
|
Why does this always get brought up when discussing privacy? Privacy is a right and we should not limit our privacy just because criminals can use it to do what they do. The member above rightly said that cash also allows criminals to do things anonymously but that never gets brought to light.
This. And the block chain does not guarantee anonymity. And I don't know where the person who thinks you can't have more than $10,000 in cash lives, but that it not true in the US. |
|
|
|
A bunch of garbage. If the headline is "most widely used" then it does NOT include merely trading. Bitcoin is obviously more widely used (however you define that) given the market cap is much larger. Just because you don't move your bitcoins daily doesn't mean you aren't using them. You may be using them for investment gains, protection of governments, purchases, savings or anything else. Of course, what do you expect from Bloomberg, they like fake news. If you think Bitcoin is the world's most widely used cryptocurrency, you're probably wrong. What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. While concrete figures on trading volumes are hard to come by in this often murky corner of finance, data from CoinMarketCap.com show that the token with the highest daily and monthly trading volume is Tether, whose market capitalization is more than 30 times smaller. Tether’s volume surpassed that of Bitcoin’s for the first time in April and has consistently exceeded it since early August at about $21 billion per day, the data provider says. With Tether’s monthly trading volume about 18% higher than that of Bitcoin, it’s arguably the most important coin in the crypto ecosystem. Tether’s also one of the main reasons why regulators regard cryptocurrencies with a wary eye, and have put the breaks on crypto exchange-traded funds amid concern of market manipulation. “If there is no Tether, we lose a massive amount of daily volume -- around $1 billion or more depending on the data source,” said Lex Sokolin, global financial technology co-head at ConsenSys, which offers blockchain technology. “Some of the concerning potential patters of trading in the market may start to fall away.” https://www.bloomberg.com/news/articles/2019-10-01/tether-not-bitcoin-likely-the-world-s-most-used-cryptocurrency |
|
|
|
You know this question is unavoidable...
DID I MAKE A MISTAKE INVESTING IN BITCOIN?
A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...
What will be your response to this question?
Give it time - years. This isn't some get-rich-quick thing. See where things are a year from now when we are nearly 5 months past the halving. Anyone who expects a straight upward trajectory is delusional. |
|
|
|
Dude, you should stop spreading FUD.
It was the same type of person who was here in July 2010 (right after the slashdot article) saying it would never reach a dollar and be under $ 0.01. And then it would drop back below $1 soon. And then it would never stay about 10, 30, 100 etc. |
|
|
|
The number of confirmation does not make sense once they exceed safe limits but the definition of safe limits is different from one transaction to another: - If you trust the other party and the transaction value up to $100 worth, 0/unconfirmed may be sufficient once the transaction is broadcast. - For trades between people who are unknown or do not expect to meet again, 3 confirmations are considered safe. - 6 confirmations are sufficient for many transactions but even this number of confirmations are not considered 100% safe. Read more ---> A successful DOUBLE SPEND US$10000 against OKPAY this morning.Generally, these safe limits varies from one cryptocurrency to another. The double spend from March 2013 was a particularly odd case with an accidental hard fork due to the 0.7 and 0.8 upgrade. If you want to read more, there is a lot out there, but barring something like this, 6 confirmations is usually sufficient, but if you are running a service like OKPAY, then monitoring the network status is important. And perhaps keeping at least two different versions of Bitcoin Core running on different nodes to ensure they are in agreement. |
|
|
|
The odds of any official government entity embracing Venezuela is essentially zero for their domestic use. Maduro and his ilk (the Chavez disciples) have no desire to lose control of their money supply. Regardless of what they have said about helping the little guy, they have only cared about their own power and the riches it brings. It has been demonstrated repeatedly that while they want to equalize income, these policies only equalize suffering with the degree of suffering being proportional to the degree to which their policies are implemented. Venezuela has gone full socialist and has reaped the consequences of doing so - going from the richest country in South America to the poorest in just a few decades. It should be a lesson to socialists everywhere, but they see that those in power succeeded in enriching themselves for a decade or two and so are willing to give it a try by promising "free" stuff to people to get their votes, e.g. an advanced auction on stolen goods. Venezuela could use it for trade in order to avoid international payments networks so as to avoid having to attempt to smuggle $5 million in gold into the US like was reported they did last week. ( https://www.miamiherald.com/news/local/article235417622.html). Individuals would be smart to buy some insurance against authoritarians (socialists, fascists, totalitarians, communists) with a bitcoin or two in case it is ever needed. |
|
|
|
Bitcoin is not just a hedge against bad governments, it is a hedge against bad economic decisions made by private financial institutions like Banks and investment firms. These institutions are directly linked to bad economic and political decisions that are made by government officials and it influences everyone when these people make these bad decisions.  You have to exit this system and use alternative investment tools and currencies to hedge against their impact when they fail. Bitcoin was meant to be that alternative for people who wanted to exit that system. Unfortunately 3rd party services pulled many of those people back into that regulated system. I'd also add it is not just a hedge for bad government or bad economic decisions by private financial institutions, but it is even more so a hedge against bad governing philosophies that overarch all these things, specifically anti-liberty, authoritarian philosophies (socialism, fascism, communism, dictatorships etc). These anti-freedom philosophies enable both bad government and public backstopping bad private decisions. This goes from corporations like Countrywide making bad loans, to individuals making bad economic decisions (e.g. picking political science as a major vs accounting, engineering, medicine or law) and going into a lot of debt, then these corporations or people expect someone else to pay the bills for their own poor decisions. Socialization of risk and bad decisions under any type of authoritarian system that forces one person to pay for another is evil and something that bitcoin can help to end via the bitcoin hedge. This explains why many in government do not like it because it begins to remove people and their money from the control of the power-hungry politicians. |
|
|
|
Warning this OP is a high-level troll.
Even tagged red for being a silly troll. Don't you have anything better to do? Is this your only method of attention? For someone who believes bitcoin is for idiots you sure do spend a lot of time around these "idiots" so I guess it makes you an idiot by your own definition then.
If you don't like bitcoin fine. Sell your bitcoin and go live your life. Why are you still here?
It looks like the OP troll left last December and hasn't come back. Holding is a long term prospect, not for weeks or months and if you have done so you've been well rewarded. The same type of troll thought bitcoin couldn't sustain dollar parity, or $10 or $30 or $100 or $1000 etc. It hasn't ever been straight up, and has been a bumpy road. Everyone who listened to the trolls and sold out at those points lost out on tremendous gains. People who mined (or bought) and held have done great. Anyone selling now is ignoring the upcoming halving which -in the past- has had big gains in the year after. Will it happen this time? No one knows for sure, but a halving of new supply with constant or growing demand is simple economics. If you sell now, it is a poor gamble. |
|
|
|
I was studying a little about PGP. I am a total newbie at it.
But there are so many similarities to PGP and Bitcoin. Is it possible to encrypt a message using my public key, and decrypt it using my private key? Like PGP does. It would be something very nice to do, as Bitcoin clients are much more common and widespread than PGP related software (also easier to use).
I would like to be able to encrypt my messages using bitcoin key pairs. It would be really useful.
Maybe in future Bitcoin signatures could even replace PGP signatures? Is there any discussion about this? Or is it technically impossible ? I searched but couldn't find any.
This will probably answer your question, in short it is possible, but not recommended as it encourages address reuse, could have privacy implications and could have interactions between protocols using the same key pairs. https://bitcoin.stackexchange.com/questions/80638/how-would-one-encrypt-a-message-using-a-bitcoin-public-key-and-use-its-privaYou might want to check out bitmessage for something similar to what you are asking if you wish to see how it could be implemented: https://github.com/Bitmessage/PyBitmessage |
|
|
|
Libra will never launch. Ever.
If a 15-20% fall is chaos then we have been in a permanent state of it for several years. If the fresh meat that arrives can't handle it then I'm sure there'll be others who'll be delighted to purchase their losses from them.
One certainly hopes it never does. A centralized crypto controlled by that group is worse than useless. And you are right if this is chaos there has been chaos since 2010. |
|
|
|
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
Much also depends on your timeframe. If you are talking about weeks or months vs years, your perspective will be different. Anyone who is buying/selling with the week or month perspective will probably be disappointed at some point. |
|
|
|
|
Show Posts
