You're correct in my opinion. Bitcoin has been under the $4000 level for way too long now and it is only a matter of time before it goes back up to $4000+, and the time is right now. It can happen in the next few days, or even today. I would generally expect the bullish trend to continue into October as well. This means that potentially, we could be seeing another all time high here. Great time to load up. |
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I heard the news that currently 90% launched projects in ICO platforms have been basically checked and returned in Shanghai, relevant Bitcoin virtual currency exchanges also proposed plan for quitting and started related work for customers’ funds and assets.
SO ,what do you think about Bitcoin' future in china?
I would like go hear some opinions
I honestly expect that the chinese government is simply going to continue the persecution of bitcoin and they may even start targeting individual bitcoin users inside the country. That's just my feelings based on how things are going right now with new bans and stuff. Though, the more one tries to persecute something, the more attention it will get. Plus, bitcoin can't be shut down like PayPal, because of its decentralized nature. Bitcoin in China is far from over. It may seem like it is because of chinese government banning exchanges, but chinese bitcoin users will continue to use bitcoin just like they did before, just without exchanges(they can always trade in private). |
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If some people has lots of bitcoin in their offline wallets and they die or lose memory.
Then those coins will be out of circulation right? Or is there any way to recover them?
There is no way to recover them, unless there was a way to brute force the entire private key of the address containing these funds(next to impossible, many times more impossible than hacking into a bank account). This is why even though bitcoin is technically inflationary, the supply of bitcoin will actually drop once block rewards become less than the amount of bitcoin just lost through losing the recovery seed or private keys. And this is why it's so important to always keep backups of your recovery phrase/keys. You don't want to be in that situation, trust me. |
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Hi Friends, I am new here. So I apologise if the question is already answered. I have few bit coins in Payeer BTC wallet and my plan is to hold it for long term. Do you think it will be OK to hold up in payeer btc wallet so do I need to think about something else? Thanks  You really have to put a lot of trust into payer to store funds with them, especially when the amounts are big in your case. Heck, they could close shop because the FBI has caught up to their shady business tomorrow for all i know. It's not worth the risk, man. All there is to identify payeer is their site and an unknown location that they call their address. Other than that, if they go scam, you'd be out of pocket thousands of bucks. Don't use them as a wallet. They are not supposed to be. They are a payment processor, not a bitcoin wallet. You should use web wallets like coin.space at least. |
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A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?
The price has stabilized, instead of crashing as soon as it reached the peak. It has pulled back from the high by around $50 but that is quite a small amount anyways. Plus, the chinese FUD seems to be gone now and people are genuinely interested in accumulating cheap coins below $5000. Of course this could be a bull trap, but, looking from right now i don't think it is one because of that. I have quite a positive prediction, i think that price is going to be at least $4300 by the end of the week, potentially even more. |
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Hi Guys,
There are many topics about VCC and CC for Bitcoin. However I had to ask that what company is the best to load VCC or CC with Bitcoin? Lower fees etc.... Or ideally works with big exchanges.
I would prefer to convert the coin with a good rate and the load it into the card.
What do you suggest? and why?
Cheers,
Recently Wirex has removed their blockchain fees in converting between bitcoin and fiat balances(aka funding your virtual credit card with balance), so now their rates are actually pretty respectable compared to other cards. Their virtual card is completely free to get. Overall, they are an okay company, definitely not the best but probably a lot more convenient since they allow anonymous users. They were complete horsecrap before they removed the fees, though. |
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So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german) Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance. So what do you think about that statement? I definitely agree with him. I mean, the Chinese government is known for trying to maintain power over its citizens and it really comes as no surprise that they are trying to ban bitcoin exchanges. And it's not just the Chinese government, it's governments all over the world, even the US government. Bitcoin could potentially be a threat to not only the fiat currency the government are issuing themselves but commercial banking systems that has close links to the government. My guess is that they want to prevent bitcoin becoming mainstream at all, but even if they ban bitcoin exchanges bitcoin will only keep growing. |
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would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
Bitcoin really does not need to be said to be the national currency for it to be used widely in a country, since it is decentralized as we all know. However it will definitely be nice in a country where i know that everyone else is also transacting with bitcoin and bitcoin is fully legal and a part of our economy, meaning that there will be no debt problems or periodic economic crises. Though i really doubt there are any of these countries out there or at least right now. Most governments seem to be quite hostile to bitcoin with of course a few exceptions. |
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Jamie Dimon's attack on bitcoin and China FUD will be a thing of the past and by the end of this month we expect to resume another bullish momentum.The news that Amazon will start to use bitcoin as a mode of payment before the end of this year will definitely going to pump the price. I see bitcoin at $10000 before end of this year, what is your thoughts.
We're already seeing the bullish momentum come back and if we can sustain this till the end of the year, then we do have a pretty good shot at $10000 this year. It's only around a 2-3 times increase in price, less than the increase we experienced from the start of the year till now. Though i think that this current bullishness is going to probably end at around December and slow down significantly at around November. I do expect price to go above $6000. But $10000 i'm unsure of. |
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I think we are already experiencing the initial pump. People seem to be back at it trying to get as much bitcoin below $4000 as they can and that helps the market establish $4000 as a cushion for a higher pump eventually.
So your analysis was spot on.
I think we may stabilize at the current level, for a bit, or even experience a correction before another pump of +10% or so.
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Hi I cant seem to navigate sending money from luno to bittrex. i'll reach the page till bittrex gives me an address to send money however when i am back at luno and enter the address, it says invalid. are there any steps that i am missing? i am very new to cryprocurrency  Highly likely that there is some sort of problem with the formatting of the address. Bittrex will never give you invalid addresses because otherwise they'd be responsible for any lost amount that is deposited to that address. Simplest way to check if it is something to do with formatting: copy the address into the address bar of a browser, and then copy that into Luno's sending page. It should now work as normal. If not, then it is something wrong with Luno and you should email their support about it. |
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is it safe?
or trusted escrow provider?
Well it is not the most trusted site but i have made some purchases on it and it has always went well. I have not experienced any problems with the sellers on the site, which means that i don't know how escrow works. It's very similar to localbitcoins. Except i think their timeframe for refunds is a bit longer. They have a lot of positive reviews. I would not hesitate to use them especially if you are being forced to send first - nothing to lose and everything to gain. |
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Hello, can you please give me advice where i can start trading bitcoin, electrum, litecoin, ethereum and other?
I would like simple good trading platform with indicators, maybe leverage??, then i want minimal fees and spread, i dont want to trade and with my profit only fund exchange account.
I tried markets.com - very good but very bad reviews
bitstamp - fees are very high, even if you buy at 3850 and sell at 3880 you made no profit.
Is it possible to have good platform that dont have problems with payouts and withdrawals and with profitable players for example?
What whould you recommend?
My second question-
Is there any good trusted fund with all cryptocurrency? Something like bit20? What are u using?
THanks a lot! have a nice day
If you are looking for a altcoin only exchange then definitely go for bittrex. Poloniex could work but they are currently very very unpredictable and you could be stuck waiting for a withdrawal or a deposit. Both have pretty low fees and spreads. However, if you want a fiat exchange as well, then go for bitfinex or kraken. Bitfinex and poloniex both have leverage available. If you want to trade derivatives with leverage use either deribit or bitmex. Regarding the fund, i'm not aware of any. The closest you can get is cryptomerian which is still considered to be untrusted and also invest in bankrolls apart from ICOs and alts. |
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South African Reserve Bank says bitcoin is not a legal tender because only the banks are capable and authorized by the South African Government to issue a legal tender. Continuous regulatory governments involvement in bitcoin keeps on spiking up, due to the huge popularity that the cryptocurrency has gotten and went extremely mainstream. The bank thinks that there are huge risks on cryptocurrencies, like for money laundering and legal uncertainty caused by lack of regulation. Read More => https://zycrypto.com/south-african-reserve-bank-bitcoin-not-legal-tender/Of course bitcoin is not legal tender. it is not issued by a government and nobody is forced to use it as a currency. You are able to use it when you want to where you want to, nobody ever claimed that bitcoin is legal tender. This seems to be to be an excuse for the South African government to start restricting access to bitcoin. I'm all for regulation, if it is healthy. However, recently the Chinese government has come out with some pretty limiting and restrictive regulations that i personally don't agree with. Hopefully the SA government knows better. |
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Hello, I'm currently using Bitstamp as a mean for exchange. But because they don't record profit/loss for my order I want to change to another exchange. That have the feature to record the profit/loss
Anything suggestion all? my preferred trading is USD/ETH or USD/BTC
Hope the suggestion is the one you had experience with
I've traded with Bitfinex many times and haven't had any issues with them, apart from the hack that happened last year(everyone was reimbursed in full, though). You could check them out if you are not in the US(they recently banned US citizens from using their services). There is also Kraken, which i'm pretty sure you are able to look at your trade history and see profit/loss. Bittrex and poloniex could work if you are able to get your hands on USDT which is pegged to USD, and they have features which allow you to analysis individual coins and your profit/loss levels. |
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This is pretty much the whole story right here... " NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.” " Bitcoin is the mortal enemy of ' tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that. Well said. Bitcoin gives people their right of not being spied on by governments and not being controlled by governments back to them. Obviously governments don't want that to happen, especially when they can't regulate the bitcoin network and is operating globally. And it's not just China... It's basically every single world government. But China is recently introducing a lot more regulations and laws. But, the beauty of bitcoin as i said is that government can't just sign an order to shut it down. It is a distributed network - as long as people are using it, it'll exist. |
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Hi guys,
Looking for opinion on the CoinPouch app as a mobile wallet. Anyone using or has thoughts?
They have just added Verge/XVG to their app, so they now offer wallets for all
of my holdings, which would be ideal if they stack up.
On paper look good, but as a new(ish) product I can't find a great deal of feedback on the service and security.
Any feedback welcome
They claim that your private keys are "natively encrypted on your device". If this is true and the private key is not shared to anyone else but you then sure, it could potentially be a multi coin good wallet to use. They are a young company without much publicity and could turn out to be a scam, though. Be careful, just don't send too much money to your wallet. Plus, you can always use exodus on your laptop. |
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which exchanger is better? safer? faster?
bittrex, poloniex, c-cex?
I personally go with bittrex. I used to be a huge fan of poloniex but recently their customer support is just too crappy for anyone to actually use them and deposit and withdrawal issues are common, it's almost on the level of shittiness yboit is on. I've seen some complaints about c-cex, and plus they do not have a lot of volume which means that you wouldn't be getting the best rates there. If i were you, i would definitely use bittrex right now. BTW, please move this to service discussions -> exchanges. It does not belong here. |
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Hi, I am new to trading but not new to bitcoin. I want to purchase some btc and trade them on www.Bitstamp.net. They have been around for few years and is one of the oldest in the field as I gather. But before I proceed to buy btcs(planning to get about 3btc) from them. I want to see some feedback from the community here. Please give me some heads up about bitstamp on their efficiency and integrity. All feedback are appreciated Thanks in advance. I've heard some negative feedback regarding the speed of their support system, and sometimes deposits and withdrawals can be delayed. But apart from that, they are a licensed exchange in Britain i believe(definitely in Europe though) so there is little risk of them scamming you. It's not going to be the fastest process to deposit and get coins. Bank transfers can take a few days to hit your account. However, once it does the spreads on the site are among the lowest in the industry. |
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People usually speculate about the future price, but maybe to predict the future we must first understand the past to see if there are any patters and mechanism that might drive the price. To me the most mysterious period of Bitcoin market is the bear market of 2014-2015, when Bitcoin was sitting at $230 for almost 2 years. So, what caused such a low price? Was is solely an effect of Mt.Gox or something else? I'm especially interested to hear responses from people who were into Bitcoin during those times and were involved in trading discussions. Thanks!
Usually the price of bitcoin cools down dramatically in between the years of halving. 2012 was the halving year when the block rewards went down to 25 BTC per block and 2013 was when the price rose dramatically. 2014-2015 were pretty quiet years. Similar trend this year, it's a year from the halving and price is going nuts. This is why i think next year, price could cool down just like it did in 2014, potentially to $2k or less. |
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