I posted another bearish article 1 month ago which made some people here annoyed, because according to them, those Wall Street analysts are biased against the cryptospace, are not cryptocoin traders and know only about forex, commodities and stocks, and that technical analysis does not work in bitcoin plus all sorts of silly reasons. But now that the bear market has fully established itself, do you agree with them now? The joke is on us, I reckon. he total value of digital currencies fell below $300 billion overnight as more broad-based selling pushed some major digital currencies to multimonth lows.
The No. 1 digital currency, bitcoin BTCUSD, -2.43% spent most of Tuesday trading below $8,000, nearing long-term support, which will have the eye of many traders. Bitcoin was last traded at $7,882.64, down 3.1% on the day.
“The declining overall market cap is a reflection that people are withdrawing capital from the space,” said Craig Erlam, senior market analyst at Oanda.
“After steadying we are not seeing the same optimism as before and the path of least resistance is lower not higher.”
Tuesday marks bitcoin’s sixth losing day in the last seven as the mid-March rally continues to unwind.
The fall in bitcoin has wiped out many short- and long-term support levels. In addition, each relief rally has met resistance at key moving averages. The current selloff has bitcoin is nearing a further long-term trendline that, if broken, could leave it vulnerable for to retest the Feb. 6 lower under $6,000.Source https://www.marketwatch.com/story/crypto-market-cap-dips-below-300-billion-as-bitcoin-nears-long-term-support-2018-03-27
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My first reaction upon reading this article was, this is not cool. It would have been cooler if Monero took over the the drug market places in the darknet, and from there revive that dying community while giving law enforcement a hard time hehehe. But seeing violent, neo nazi, white supremacists using Monero is not cool. Far-right podcast host Christopher Cantwell had already been denied one source of funding even before his name became synonymous with the deadly Unite the Right rally in Charlottesville, Virginia, on August 12 last year. The crowdfunding platform Patreon would be far from the last revenue stream to become off limits.
After the infamous rally, the Hitler aficionado was turned away by essentially everyone else: He was banned from accessing PayPal, Stripe, and MakerSupport for promoting racism and a hatred of Jews—eliminating the ways that independent content creators typically solicit donations from their fans.
Cantwell has been using Bitcoin since 2013 but has more recently been promoting Monero, a controversial, decentralized cryptocurrency that promises total anonymity in its transactions. He views it as an alternative way for his white supremacist fan base to give him handouts, but also as a tool that can be used by purveyors of his extremist lifestyle in a more general sense. Monero is growing in popularity among men like Cantwell for the same reason that it's being used among members of the criminal underworld—it enables them to keep their business dealings hidden from the eyes of the law.Source http://www.newsweek.com/white-supremacists-cryptocurrency-monero-bitcoin-861104
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@jjacob. Yes, yes and yes hehe. Circle - Poloniex is only the beginning.
But for the sake of discussion, what company, do you reckon, would be willing to acquire Bittrex? Would it be Coinbase or maybe a Chinese exchange thinking of expanding their operations in America?
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Hello Yahoo. I humbly request to enter the campaign if there are vacant slots available for Hero members. Thank you.
Btctalk name: bbc.reporter Rank: Hero Member Current post count: 3782 GBYTE address: 6A452NCUWBG6JWAQ3UEXEIOC4W4RWCNY Wear appropriate signature: Yes Wear avatar: Yes
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@aTriz. Final payment received, thank you!
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@samovarul. Does that mean Ethereum is really an ICO and that the SEC can go after Vitalik and imprison him for selling illegal and unlicensed securities?
There was some news circulating maybe 2 weeks ago that said that the SEC has sent scores of subpoenas to issuers and advisors tied to the cryptospace.
Be extra careful in choosing your investments.
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@SaShiRaJaVu. I speculate that Dana is already setting up his storyboard for one of the biggest fights for 2019. If Joanna wins her belt back and Valentina wins the women's flyweight championship, then we might see a champion versus champion match up for both.
Also, from what I have seen from Joanna, she might want to get 1 win back hehehe.
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Hello Ethereum community. Is the platform still scheduled to make the switch to Casper this year? If not this year, then when? I reckon it would be in the interest of Vitalik for Ethereum to stay as a proof of work coin or not, depending on what his stance on ASICs is. Bitmain is coming for Ethereum. Susquehanna reduced its rating to negative from neutral and lowered its price target for AMD shares, citing impending competition from cryptocurrency mining company Bitmain.
"During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC [application-specific integrated circuit] for mining Ethereum, and is readying the supply chain for shipments in 2Q18," analyst Christopher Rolland wrote in a note to clients Monday. "While Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development."Source https://www.cnbc.com/2018/03/26/analyst-slashes-amd-nvidia-price-targets-on-new-cryptocurrency-mining-chip-from-china.html
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On the other side of the world, I reckon we would be seeing more mergers and acquisitions same as the Circle - Poloniex deal. There is another US based exchange out there that I would assume to be very ripe for acquisition. Bittrex.
If an online payments company like Paypal wanted to enter the cryptospace, then buying Bittrex or Kraken might be a good move in my opinion.
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Guess its all about the policy that is why it has not added any new cryptocurrencies into their mix. But, probably it's also because they are just keeping things simple as their company policy. Adding new crypto into their exchange will mean it will be just like every other cryptocurrency exchange which includes all cryptocurrencies into their trading platform which probably is not something they want to do.
No, exchanges want to make the most profit as much as they can on any high volume cryptocoin. But what is stopping Coinbase are the regulators as mentioned in the article. That means don't expect your favorite ICO token to be listed over there hehehe. But expect proof of work coins like Monero, Ethereum Classic or company backed tokens like Ripple or Stellar.
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@BitcoinSupremo. You mean Fernando Alonso hehehe.
How much were the odds when you made that bet on the safety car's track time? That might be a good indicator if there is rain coming.
If there is a chance of rain, then I like your Fernando finishes in the top 5 bet. But for me, I like the Valterri finishes ahead of Daniel Ricciardo bet on +160 in some sportsbooks.
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@Hydrogen. I agree that Rose has come a long way since the Ultimate Fighter, but I highly disagree that Joanna is overrated.
Joanna may not have the power to knock out her opponents, but her skills are very exceptional, not only in her division, but as a pound for pound comparison against the rest. Including the men's divisions.
Also, I like Rose but Joanna will get her belt back.
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@bbc.reporter yes this is #crypto vs $crypto debate unfortunately. I'm in favor of CPUs over a quick pump.
I'm not saying my suggestions are the best i just suggested an alternative solution. And it's just my personal views and preferences, nothing more.
But it is not a quick pump. If you think about it more closely, an ASIC manufacturing industry behind a coin might be beneficial to its value and survivability for the long term. ASIC manufacturing companies like Bitmain will only enter a market if they profit big. Once they do they will do everything they can to maintain that state of profitability. But yes, I am aware of the centralization side effects. I reckon that might be a necessary gambit if we want to Aeon to develop further and become a top 20 cryptocoin.
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@Hydrogen. Yes, I reckon Felice Herrig will win that fight too. She is one tough mama hehehe.
@Baofeng. You have it wrong. Khabib is the more basic fighter, but has the best wrestling in all of MMA today. While Tony has more tools than Khabib, and the more acrobatic fighter doing flips and other strange technics on the mat.
But would that be enough to beat Khabib? I reckon, no. I base this from the Micheal Johnson and the Edson Barboza fights.
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This will not end well for President Maduro. He will either be shot or impeached if the US will have its way. Another possibility is maybe the US will go to war to protect its interests. There is an unspoken rule among countries. All transactions concerning crude oil should be in US dollars. If the Petro becomes a threat to this, then expect US warships to start patrolling near Venezuela's coasts.
The last president who wanted to back off from using the US dollar for crude oil transactions was Saddam Hussien.
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I knew his shilling for Zcash was coming right before I started reading the article. This shows that Edward Snowden is not to be trusted when it comes to which privacy cryptocoin to choose and support. Has anyone of you really used Zcash's z addresses for private transactions? I reckon none really uses it because it takes longer and requires large amount of RAM and CPU resources. Why shill it? Speaking via webcam in an interview with Coin Center director of research Peter Van Valkenburgh at the Blockstack Berlin 2018 conference, Snowden agreed Bitcoin’s ledger was “devastatingly public.”
Not just Bitcoin came in for questioning, but altcoins as well; Snowden confirmed he had used Monero, while reiterating his support for ZCash as the “most interesting” altcoin currently on the market due to its “unique” privacy setup.Read the full article https://cointelegraph.com/news/edward-snowden-on-bitcoin-world-needs-better-option-to-avoid-govt-coercion
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Atleast January 9th this year, my crypto investment was $50,000. I checked it today and it has dropped low to $9860. I am very sad. Please is there any chance the market will recover and i will get my $50,000 back?
Welcome to the world of bagholding hehehe. Everyone here in Bitcointalk has experienced it one way or another. Also, if you see any Legendary member with an account made on 2012 - 2013 and still shilling altcoins, then there is a good chance that person is still bagholding hehe. So that would be 5 - 6 or more years for some coins to go back to breakeven. What coins are you holding?
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@Hiyatus. I may risk sounding like a greedy person but ASIC manufacturers and professional miners are driven by profit. If a manufacturer like Bitmain enters Aeon mining then it would be in their interest that Aeon becomes one of the top 10 cryptocoins in the world.
If we don't embrace ASICs, another Cryptonote project will.
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If Ncash is another ICO then I reckon it would have a hard time getting listed in a US based exchange like Bittrex or Poloniex. The SEC is coming after projects that have been issuing and selling their own tokens to raise funding.
Also, expect more ICO tokens to be delisted from Bittrex this year. I speculate not one will be spared, including the big ones.
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The ICO world has all these short-term projects that are new ways to pay for things with crypto currencies: Reddcoin, WAX, Eroiy, and a bunch of gaming tokens...
And then theres big long-term projects who created new ecosystems for doing business and moving money: like Kora Network, WeAre, and Denaro
Who will win the financial/economic revolution that crypto is bringing?? The single-use tokens or the new payment ecosystems?
Sorry but none of those tokens are longterm projects. If they run out of money collected from their ICO, how will they get new funding? Do another ICO? That would saturate their distribution further. I reckon the right way to do it is like what Cryptokitties did. Create the project first, make it work, then look for angel investors for funding. If in case they run out of money, they could look for another funding round from professional investors, without saturating the distribution.
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