This is what happens when plans are poorly made and are based only on current FOMO that aren't going to last long. Just like Masayoshi Son who bought in 2017, and lost $130 million thinking that the price would continue rising forever. They already have a good business model that delivers profits to their doorstep yet they became greedy just like everyone else with the intention to collect quick profits which, sadly, didn't happen at all. I feel sorry for them, but then again, this is business and people should be ready to lose money.
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Was quite a bit skeptic about price surges for the wee part of this day but upon checking tx/s alongside the 'golden cross' I'm somewhat baffled. True that the last time the network has been this active is already a long time now, Q3 2017 onwards to be exact, and it seems that not only the price has been stimulated but also the usage as evidenced by a lot of transactions. If this continues, we might see ourselves taking on $6000 before May ends and push forward to higher highs of 2019, perhaps $10k by the end of the year.
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It could be, it could be not. Anyone can be Satoshi and claim to be the persona until someone comes along and move even a single satoshi from one of his known addresses, or just sign a message from those addresses. Idk what shrooms John McAfee is on but I'm pretty sure that's one hell of a drug he's smoking right now, and I want a taste of it. Anyway, anything is possible, and be it Indians or any other race, knowledge does not discriminate.
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Highly possible, though I don't think we should be elated this early knowing that this is yet another pattern that could go unfulfilled for the next few months. We have seen bullish signs and indicators even in 2018 but we have failed to stay our footing on $6000 levels and dropped down to $3000. Anyway, hopefully this is something positive and true this time, as we are due for gains for quite some time now.
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It's one of those lessons which cost a lot and makes you stay away fron something ever again. Whatever your relative's mindset regarding investments, don't budge in or make them place money on something they don't fully understand. That right there is FOMO done wrong because you may have only explained the trading aspects and not the entirety of what he/she needs to know about bitcoin. Should you go for the latter approach, he/she may have reconsidered and profited a hefty sum.
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They have always been intertwined. People are investing in bitcoin due to a number of reasons, one of them being the technology behind this creation. Due to bitcoin's security and uniqueness, it has gained value over time and that is what started the speculative aspect of the said coin. Moreover, without the tech, I don't think anyone would ever want to invest in bitcoin since security would be lacking, thus unable to help investors gain confidence over the coin.
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Highly depends on the minimum fee being accepted by the miners at a given time, though that doesn't give you a direct knowledge of how long would the said transaction take before confirmation. There are cases in which a 1 sat/byte takes only a few minutes to confirm and there are cases in which it takes a tad longer--and that's normal and is to be expected anyway. To find out, you can always try 1 tx and should it take really long for your tx to confirm, RBF Is a thing and just bump your tx with new fees.
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The thing is, bitcoin ATMs do have high fees in them whenever one wants to create transactions and OP is looking for ways to sell bitcoin with low fees. The first thing that comes to my mind are DEX platforms though it's a bit hard to see that's reliable and trustworthy. Another thing is this very forum on the currency exchange section which isn't that active compared to its heydays in 2017. The last option you have is to register on an exchange and read carefully on how to sell your bitcoins in order to not make the same mistake ever again.
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Rookie mistakes for someone who can be considered as a veteran in investing. I don't blame him if he has to bail out and just bear the losses since he has a lot of ventures to put his time and money to, as others have surely done that before especially those who are stuck on levels that they can't seem to get out of without losing money. Anyways, Masayoshi Son is a prime example of FOMO done wrong. A short scan of the graphs would already show you things that will tell you that it isn't going to hold, yet he still continued to release the trigger anyways, resulting to losses on his part.
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Bitcoin is still up by a huge percentage since its inception, and it's no doubt that it still outperforms a lot of assets that are in existence right now. The recent run-ups to where it's at right now cannot be ignored though, knowing full well that 2018 was a bad year and it is only now that we are regaining strength which started on the first of April. The short-term future is appearing very bright for bitcoin and I just hope that it continues its momentum until the end of 2019 and we might even see ourselves conquering $10k all over again.
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I guess this is a hard debate: perhaps the first nation who would send a successful manned mission to the red planet would have the full rights to establish a colony there and use their own national currency for trades should Mars colonization be ever a thing. I for one think that China and the US would be battling it out on who sends the first mission in there, though with Trump still the POTUS with no plans in making scientific advancements, I guess China will have the edge in here and CNY/RMB would possibly be the official Mars currency (hopefully not.)
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TA is somewhat useless in highly volatile markets like bitcoin whereas in Forex and stocks, TA is an amazing tool, yet even then one shouldn't rely fully on such analysis. Anyway, I think TA has its own merits given that most traders are using it for their positions in the market, creating a hive-mind that makes normal market movements seem like a pattern that is followed by most people resulting into some predictions being correct. Since someone have started keeping 'patterns' of the market, anyone who reads it will take note of it and when that pattern appears, they'll know what to do and how to react. But yeah, it could work on relatively stable markets but not in cryptocurrencies at all time, given that the said market is young and a lot of people are doing different things at a given time.
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We may have created a single prototype for a quantum computer but we are millions of miles away from a working one that can break the algorithms involved in cryptocurrencies. 'Hacked in seconds' is an overstatement, and we know that we would need to employ a large computing power just to satisfy that phrase and for it to come into realization. Until then, that phrase claimed by Dr. Liu holds no weight until a working model is crafted, or is observed by people who knows what the capacity of the blockchains and cryptocurrencies are.
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Printing excessive amounts of money without any economical progress is certainly putting the country's economy in peril. For a short time, this could have saved banks but the government would have to pay a hefty price since by that time, I'm sure their currency would be so undervalued and has been hit by inflation pretty hard. Bitcoin and crypto can only do so much, but in order to really help the people and the country as well in the long run, they should take it easy on QE or perhaps limit their budget in order to not get huge debts at all.
But then again, they won't listen, and their economic and financial advisers would have urged the QE to commence for sure.
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Highly risky position with not even a definite short-term goal. This is a pure gamble IMO though it is doable and I have seen some traders got extremely lucky by pulling the said strategy. Given the high volatility of bitcoin and its market always engaged in a fast-paced environment, I'm not sure whether I'll be able to pull off such a feat and come out victorious, nor will I ever have the guts to freely give away my money with my full consent of it. If this is slow moving markets with low volatility, I guess it is possible, but crypto? Highly improbable.
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Even if it's a small-time P2P currency exchange service, Mr. Powers is still subjected to FinCEN regulations and laws for AML and KYC, so I'm not surprised that he got nabbed by law enforcement the second they had the chance. This should serve as a concrete example that today, anyone dealing with illegal transactions are susceptible to spending time behind bars for going against the law. He was already acting and dealing with people like a normal money exchanger does, so I think it's about time for him to get the paper works and legal matters declared and filed if he really wanted to pursue his activities.
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It depends on what country are we talking about. Here in the Philippines, the development of regulations and legislation regarding bitcoin and other cryptocurrencies (which are aptly termed as 'digital currencies' by the SEC) has been somewhat warm and receiving, with just a few notices here and there regarding potential scams and other things related to money laundering and other illicit activities. While the spread of information regarding cryptocurrencies here is somewhat slow, the framework is being built, and rightfully so with the government and private entities cooperating with each other.
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This is good, though we know that they are probably gonna get the reimbursement in terms of USD equivalent of whatever their BTC balances were during the hack, or perhaps just a portion of what was lost to the creditors back then. I'm not so certain whether this is true or not as there haven't been any official statements released from the side of Mt. Gox or any of their legal counsel as of late, so it's still too early to call it 'quits' for the creditors until it is really confirmed that they will be repaid any time soon.
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Well, someone who first took the handle should have rights all over the handle, and I don't think there should be any problem with it for as long as people know that not one CEO controls bitcoin in its entirety (though of course the intent to spread misinformation could easily come to fruition with the said handle). Twitter should not step in on this, and just let things be since once they use admin powers to remove the rights of whoever controls the handle now, that would be another case of censorship which bitcoin detractors love to linger all over in.
Just let things be and just inform people that @bitcoin is not a company, a single entity, or anyone acting in behalf of the whole community.
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That is because a lot of companies and organizations wanting to use blockchain for their own systems don't really need one, and if they do they don't know how to integrate it just yet. The blockchain technology per se has a lot of potential up its sleeves, but sadly that is being overlooked by a lot of people and organizations who are in it just to ride the hype and not really use it for what it's worth. For sure, banking and finance would make good use of the said tech if it's developed and understood fully, and they might even ditch the old system which are still susceptible to hacks and MITM attacks even up to this day.
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