Bankers is mafia. They afraid bitcoin like hell!
All we need in crytpoworld - is to build decentralised exchanges! So nobody can close them!
Decentralized exchange is local bitcoins. I see at least in my country number of people using them decrease in last years. Centralized exchanges, ATMs or "prepaid BTC coupons" taking it over. You have not heard of Bitsquare? https://bisq.network/It is a decentralized exchange but what I have not figured out is, how does it store fiat? Who holds them and are they to be trusted? I am not using it now, but it may be where everyone is going if the bans on exchanges continue in other countries. |
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I want to apply for hero member if it is still available. Thanks.
Bitcointalk username: Wind_FURY
Rank: Hero Member
Current post count: 2030
BTC Address: 14BmfHiqg1jN7jeL6eswVDjEjqNG8UJkmg
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I would like to apply if you are hiring for more participants. Thanks.
Btctalk name: Wind_FURY
Rank: Hero Member
Current post count: 2028
BTC Address: 14BmfHiqg1jN7jeL6eswVDjEjqNG8UJkmg
Wear appropriate signature: Yes
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Do not listen to any high profile banker talking about things they do not know about. The future of Bitcoin is still bright as a decentralized, censorship resistant payment system. The technology is still a "breakthrough" in case you have forgotten.
The price of course will fluctuate and Bitcoin is well known for its volatility, we already witnessed this many times. What changed? Nothing.
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Because of banning or rumours about banning of Bitcoin and/or Bitcoin Exchanges in and by China. China is around 25% of the Bitcoinmarket and most of the Chinese are rumoured to panicsell for lower prices because they are afraid of the ban having an even more devastating affect on the price.
They are not rumors or FUD. BTCC, one of China's largest exchanges, have already announced that they will be closing their operations on September 30, 2017 after reading a Chinese regulator's statement made 2 weeks ago. After taking everything into account, they decided to do the unexpected. Close down. Now the whole market is in panic. |
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OP, if you are unsure on what to do and at what price to buy, just make a very low bid and do not worry about it. Like Sjonnebonbon01 said, $3000 is a psychological barrier. If that breaks, await all the "Bitcoin is dead" threads once again.
But I would not place my bids at $2500 - $2600. I would go lower to $2000 - $2300. The "Chinese Bitcoin Crisis" will not be over in a week. It will take a while until the PBOC has announced what their intentions are.
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Can upcoming Segwit2x destabilize BTC in the long run? And do you expect some price volatility with that?
I think the worst case scenario would happen when 3rd Bitcoin will emerge. I don't think it will be healthy for our crypto ecosystem. What would most likely happen, and my hope, is the miners will "follow the money". Meaning if the users are not willing to adopt it, then the miners will not follow too. You are right. Another split in the blockchain is possible. But the worst case scenario would be caused by the fact that there is no replay protection coded in Segwit2x. People like to spread FUD saying that there will be some sort of crash with price. Similar things have been said before 1st August and BTC actually went bullish up to 5k.
Do you believe this upgrade will push Bitcoin to 10.000$ levels?
It depends. |
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I agree with the OP on buying the dips but buying and holding Bitcoin for only $100? Do you people have real jobs? If you have no job, then do yourself and your family a favor and go out of your house and look for one. You cannot be rich with a $100 investment. What you should be doing is work and save some of your monthly salary to buy the dips.
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Jaime Dimon, of all people, has no right to call Bitcoin a "fraud". JP Morgan was among the leading financial institutions that caused the housing bubble that caused the crisis of 2008.
It is an irresponsible statement, coming from someone of his stature. It also shows his ignorance. If he was to call anything or anyone a fraud, maybe he should first look in the mirror.
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Seems like it's time for Bitcoin to ban China.
Hahaha. That would certainly be good to see in the headlines. But you really cannot blame China's move though. They are feeling threatened by the all the disruption the cryptocurrencies are bringing in finance. There must be powerful people out there who are are trying to put the pressure back on Bitcoin by making threats of their own. |
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"[it is]“not appropriate to confiscate Bitcoins as they cannot assume an objective standard value.”
Furthermore, the indication is that Bitcoin, as a cryptocurrency, has no physical representation, and thus there is essentially nothing to be confiscated, according to the courts." It is a simple case of there are no laws made for Bitcoin yet. Some countries have not even decided if it is a commodity or a currency yet. It depends from judge to judge which should not be. They are right. But sooner or later it will be misused by criminals, and the whole finantial system is based on virtual stuff that doesn't even exist. Banks can create money out of nothing and lend it. Maybe they should consider illegal confiscation of bank accounts, since bank accounts are virtual nowadays  This does not make any sense. Please do not tell me you are doing this to reach your 275 character limit. |
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Ive heard it all before... china ban is harmless, nothing will happen. everyone thinks so.  It is bs and its all going down I would not say harmless. If the Chinese government comes after the exchanges themselves, it would be a big blow on not only Bitcoin but the whole cryptocurrency ecosystem. I know nothing has happened, but I would not be one to laugh and taking it lightly. |
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[...]
The good that comes with regulation is that you are protected by the government in case the exchange gets hacked and you have your coins stolen. They could help you recover all of your coins or the government pays you part of it. In America it might the same as the Federal Deposit Insurance Corporation.
I doubt that even with regulation the governments will be able to recover stolen coins. They can shake their fists angrily at whoever hacked the exchange but that would probably be it. Nonetheless it would make it easier to prosecute "hacked" exchanges. With regulation exchanges have to operate more transparently, making it easier to get to the heart of the matter. Insuring Bitcoin exchange deposits is an interesting problem. Given BTC's tendency to heavily appreciate insuring BTC deposits won't come cheaply and would probably lead to higher trading fees. I would never say that the government would have no way of recovering hacked coins. Maybe in some situations they will, with the cooperation of other exchanges, Bitcoin mixers and some concerned Bitcoiners. With regulations, it is the responsibility of the government to put hackers or thieves behind bars. We do not have that kind of protection today. |
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The people are also wiser now. Think about the times when they believed in all those bans manipulating them to sell their coins and lose money while doing it. No more. The people now buy the dips whenever there is bad news.
Is everyone now becoming permabulls? I believe so.
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If you live in a country where Bitcoin is regulated and if the exchanges become regulated, I believe the government will have the right to look at your records if they think you are evading taxes.
The good that comes with regulation is that you are protected by the government in case the exchange gets hacked and you have your coins stolen. They could help you recover all of your coins or the government pays you part of it. In America it might the same as the Federal Deposit Insurance Corporation.
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there is no November split, stop spreading FUD. there is talk of a hard fork to increase the block size to 2 MB. it may or may not happen. currently more than 95% of the miners are signalling for SegWit2x or NYA, which means if it happens there may not even be a split! unless these 95% change their mind. Also, do you guys think BTC Cash is a good long term investment? Seeing rises of around 25% in just 2 days, quite impressive.
no it is not a good "long" term investment. but it can have a very good potential IF things get out of hand before this upcoming S2X drama. they can potentially take advantage and pump BCH, which means a good profit in a short time and then followed by dump. But how does the majority in the community think about Segwit2x? If it does cause another split then I believe it could impact the price negatively. We cannot have 3 Bitcoins in the market, it is stating to look ridiculous. Why not make their own altcoin if they are not happy. |
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I have none and am thinking about hedging. Why do you HODL?
Because I got them for free and I am waiting for the great pump from Roger Ver and the Chinese miners. I believe the flooding of the mempool will coincide with BCC's pump that should be happening in 2 or 3 months. |
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OP, yes we all hope so! I am a Core supporter but I do not mind it replacing Ethereum as the 2nd placer in the market. BCC supporters do not have a choice but to pump it or the miners will take advantage and keep pulling off from mining it to activate the EDA.
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I understand what some of you are saying that ICOs have become the new outlet for scams. But do you not agree that it is also a new way of funding real projects without having the government and banks involved in the process? Everything is done directly and peer to peer. Was it not this the whole idea of Bitcoin and blockchains?
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