It's a game of musical chairs. We don't need 30 privacy coins. Maybe we just need 4 or 5.
I agree with this. But the big difference between crypto in 2018 and dot.com shares in 1996 is that crypto is unregulated. That means it is worth it for pump and dump groups to keep thousands of coins alive (the more obscure the better they are able to pump it). Whereas the pumper-dumpers couldn't do that for stocks because that type of activity is illegal. |
|
|
|
Are you sure?  ? Yes. The trustee needed $400,000000 to meet the MtGox liability as at August 2014. He now has that in cash (the bankruptcy proceedings say that people have to be paid the cash value in Yen as at August 2014). Regarding the rest of the coins - that depends on the Japanese court. Some people think they will go back to Karpeles as MtGox doesn't legally owe anything more than $400,000,000 to it's users. |
|
|
|
Looks like a decent cast. I wonder how this will affect people's views on bitcoin or cryptocurrencies in general though. Movies about money laundering and heists through bitcoin doesn't sound too positive. But then again, I really don't know if there's a way to make a sort of "positive" movie about bitcoin. And also, publicity is publicity I guess. I'll take it.
All publicity is good publicity. The movie comes out in 2019. And the halvening is in 2020. So I'd say the movie will help lift bitcoin's price in the run up to the halvening. |
|
|
|
|
The price usually falls when exchanges get hacked because people KNOW that coins will be dumped by the hacker, so they try to sell ahead of that.
After a bit the market then stabalises as the hacked coins are absorbed, and life then carries on.
|
|
|
|
https://www.ccn.com/gilmore-girls-alexis-bledel-to-star-in-bitcoin-thriller-crypto/Alexis Bledel, known for her performance in the hit television show Gilmore Girls, has signed on to star in a cryptocurrency money laundering thriller titled Crypto. The film will also start Beau Knapp (Seven Seconds), Kurt Russell (The Hateful Eight), Luke Hemsworth (Westworld), Jeremie Harris (Legion) and Vincent Kartheiser (Mad Men).
Directed by John Stalberg Jr., the movie is in its filming stages and set to come out in 2019, according to IMDB. The film is written by Carlyle Eubank and David Frigerio based on an original story by Jeffrey Ingber.
According to The Hollywood Reporter, the film enters on a young anti-money laundering agent, played by Beau Knapp to investigate a case. Before he knows, he is deep inside a dangerous underworld with a mysterious art dealer played by Alexis Bledel and a crypto enthusiast, played by Jeremie Harris. The film is currently shooting in New York.
|
|
|
|
Bloomberg says the press is misinterpreting the professor: https://www.bloomberg.com/view/articles/2018-06-15/bitcoin-manipulation-study-is-less-than-it-seemsUniversity of Texas at Austin finance professor John Griffin and graduate student Amin Shams just posted a paper suggesting that cryptocurrency prices are manipulated. The paper has received a great deal of attention in the media, but there is a disconnect between the paper and the press coverage in terms of quantification.
For example:
The authors suggest the cryptocurrency exchange Bitfinex buys bitcoin with another cryptocurrency -- tether -- to push up Bitcoin prices. How much? Four basis points per 100 bitcoin. With Bitcoin at $10,000, for example, that means Bitfinex spends $1 million to push the price up to $10,004.
The authors assert that the purchases are not random in that they occur more often after Bitcoin prices have fallen. How much? After the biggest drops in Bitcoin price, 1 Bitfinex buys 72 extra bitcoin. More than 100,000 Bitcoin frequently trade in an hour, and often much more during periods of high volatility.
The authors examined the 87 hours with the largest flows of bitcoin and tether and found that the hours following them accounted for 50 percent of the "meteoric rise" in bitcoin. That sounds impressive, but the rise over the period discussed was from about $1,000 to $8,000. The authors used compounded returns, which mean returns in those 87 hours averaged 1.2 percent. For the S&P 500 Index, a 1.2 percent move is a big hour. For Bitcoin, not so much. |
|
|
|
Latest on Bitgrail: https://cointelegraph.com/news/italian-authorities-seize-bitcoin-from-bitgrail-wallets-following-court-orderItalian cryptocurrency exchange BitGrail has announced that bitcoins (BTC) stored in the firm’s wallets have been seized by Italian authorities, according to official announcement published June 15.
The statement says that authorities removed the funds from the exchange’s wallets following a court order by the Tribunal of Florence on June 5, but did not mention the current worth of the seized assets:
“On June 5, 2018, pursuant to the Tribunal of Florence orders, the bitcoins contained in the company’s wallets were seized and brought under control of the judicial authorities pending further Court decisions in the pre-bankruptcy proceeding.”
The seizure of BitGrail’s BTC follows a petition to the court filed by victims of the BitGrail hack, asserting that the exchange is bankrupt under article 6 of Italian bankruptcy law. The petition was filed on behalf of a BitGrail creditor, Espen Enger, whom over 3,000 claimants have allegedly contacted so far. |
|
|
|
Yes a bot but I'haven't time to spend in specification and developpment. I just want to pay and use the service  Maybe google Alerts with concatenation between Token and HF/listing could be an alternative. Thanks Davis. I'll try it Try creating a reddit account with ONLY subscriptions to the subreddits devoted to your coins. That way, when you log in, only the feeds from those coin subreddits appears on your home page. |
|
|
|
Thank you in advance for any updates on this.
They won't unload any more. Basically when MtGox went bankrupt, the value of the coins were fixed in the yen price at the time of the bankruptcy (August 2014). The trustee of the MtGox coins knew he needed to pay the members in yen, so when he saw the price rise above the August 2014 level, he took the opportunity to sell exactly what he needed to, to get the yen amount equal to the August 2014 valuation. He did that at an average price of $10,000. What happens to the rest of the coins depends on the courts. They can give them all to Karpeles, or distribute them to the members in proportion. But no more needs to be sold because the Trustee has got the yen amount needed to distribute to the members that will satisfy the bankruptcy courts. |
|
|
|
there is still plenty of time to reach new high prices this year, anything can still happen within 6 months. if you remember in 2017 bitcoin prices reached the highest price at the end of the year. I'm sure the same thing will happen this year.
It needs a catalyst for people to buy. Do you remember a few months ago when Trump pulled out of the Iran deal and some people speculated that there would be a middle east war? Both bitcoin and gold rose in price. Now that there is no middle east war and even north korea looks safe, both gold and bitcoin have fallen back. Bitcoin is a safe haven. and when things are going well people don't need it. |
|
|
|
My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.
In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.
So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.
It's true that there are now a lot of other coins, but they haven't really made much progress, so the chances of them overtaking bitcoin is slim to none. |
|
|
|
|
Remember that there are a lot of buy orders sitting around $6600, from institutional investors waiting to get into crypto (they want to get in fairly cheaply).
So the price will bounce back up, if the $8000 level is breached. And life will go on!
|
|
|
|
Among other notable finds made by Morgan Stanley’s team is the fact that the United Kingdom, despite being the country that currently hosts the largest number of exchanges, only accounts for one percent of the global trading volume.
Which exchanges are in the UK? Maybe volume is so low because no-one even knows these exchanges exist? |
|
|
|
do you think bitcoin is out of the bear pocket.. ?
No, not yet. We need to break past the $10,000 mark decisively before we can breathe a sigh of relief. (Remember that $10k is still 50% down from bitcoin's all time highs). |
|
|
|
BTC is not gold but have some features that is the same comparing with gold. BTC was also the 1st criptocurrency as it was gold a lot of years ago. At the same time BTC is the main criptocurrency as gold in fiat world (all countries have gold funds).
It's definitely behaving like digital gold. As soon as the Syria business happened, both gold and bitcoin started rising. It's clear that some investors think it's a hedge against geopolitical risk. |
|
|
|
...  Anyone have any idea why? BCH turned out to be a nice airdrop. Maybe time to sell/trade it? BCH spiked up a bit, but it's now treading water. I think the community are working on getting it accepted for payments, and it's long term success will depend on that. |
|
|
|
"Hello, Your account was permanently suspended due to multiple or repeat violations of the Twitter Rules: https://twitter.com/rules. This account will not be restored. Please do not respond to this email as replies and new appeals for this account will not be monitored. Thanks, Twitter Support" Totally fucking random. We have never received a warning or a temp ban. Just all of a sudden today... permabanned. It seems like some other Bitcoin related Twitter handles have been closed this month as well. https://twitter.com/freeb1tc01nsIt's probably because their algorithms indicated that the use of the word "free" was implicated in phishing scams. It doesn't matter that you yourself have never scammed - the algo decides. There is pretty much nothing you can do about it either - their site, so they can decide who gets to use it. |
|
|
|
I think it will take a lot more than those fairly small rises to make people come back in to Bitcoin. Because the only way it's going to go up is by people rushing in because of fomo. And I don't think anybody's missing very much just now. It's such a big risk when the price is so high and you have to pay so much for just one coin or even a tiny part of a coin. Can't see it doing a lot in the near future.
People will come back to bitcoin when it's featured heavily in the press. And the press won't start talking about BTC again until we're over the $10,000 mark. |
|
|
|
Bitcoincash is being pumped today. See the following graph: https://poloniex.com/exchange#btc_bchIt's at 0.125 btc, so about a 15% rise over the last few days. I wouldn't be surprised if it pumped further - all the alts seem to be pumping at the moment. |
|
|
|
- Bitcoin is very close to the possibility of money laundering and terrorism financing.
This has been proved to be false. Bitcoin is the worst thing you can use for money laundering because the blockchain tracks everything, and the ledger is PUBLIC (which means law enforcement don't even have to get a warrant to examine it the way they would have to do with your private bank statement). The amount of money laundering done with crypto is low - cash is still best if you are a crook. |
|
|
|
|
Show Posts
