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If it didn't go to zero in the vicious bear market of 2014-2015 (when it went from $1000 to $170), it won't now. We're just back to the prices that existed last September/October, that's all.
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Amount of btc volume did not change much but the amount of fiat money traded differs by a lot.
Demand for btc with fiat is definitely going down.
Of course. If bitcoin volumes are staying the same, but fiat volume is drastically decreasing, that literally means that the price of BTC is going down. And indeed it has. If the price of bitcoin is going down, doesn't that literally mean that demand for bitcoin has reduced? So what's your point here?  I honestly don't think that there is as much correlation between volume and price as some people think. I disagree. Remember that new coins are minted every day and get dumped in the market to pay for electricity, taxes and whatnot. So you need a certain amount of volume to absorb all those coins. Volume matters more in the bitcoin markert than in say stocks where the number of issued shares is fixed and they don't need continual buying just to stand still. |
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He is talking about Bitcoin, maybe they intend to ban other cryptocurrencies because of scam projects.
Such projects can harm the reputation of their company and they should ban them to protect their users.
Maybe the decisions of countries from the G20 summit changed their opinion about cryptocurrencies and they decided to change their strategies.
I even wonder if the news about twitter banning cryptos is real and not just a fake rumor.
This, Bitcoin doesn't need advertising. Most adverts are for scam ICOs, or they are for phishing sites. |
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when trading volume decreases what information can you get? whether you can see where the price moves from trading volume? up or down? I'm very confused.
Take a look at the following website: https://coinalyze.net/It pulls in live prices and volumes from all the exchanges. And does this for loads of alts as well as bitcoin. |
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Two Australian politicians have disclosed they own bitcoin: https://www.newsbtc.com/2018/03/26/australian-politicians-invest-in-bitcoin-possibly-due-to-pro-crypto-legislature/According to the Brisbane Times, two of Queensland’s legislators have publicly declared their cryptocurrency trading history as part of the register of members’ interests.
The register of members’ interests is a required listing of all properties, trusts, gifts as well as Union and party affiliations by members of Parliament. Newly elected Katter’s Australian Party Member Nick Damatto may be the first MP ever to list Bitcoin among his assets.
From the other side of the aisle, Labor MP Bart Mellish also declared a Bitcoin account among his assets in the registry. |
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It's because there isn't any new money coming in.
Last year, people saw the price climbing and thought, this is easy money, I'll buy and double my investment. Now that has more than halved from it's ATH, instead of saying, "bargain", they're saying, "oh noes, the price may go down even further and I'll lose my investment". So they hold back.
We have to wait till all the sellers are exhausted before the price starts climbing again.
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He's telling the truth. a) He has no reason to lie and b) the amounts he sold are less than the amounts being mined in a month.
The crash was down to loads of hodlers thinking, "the price is going up too fast, it's not sustainable, I'd better sell before it crshes". That's why the mempool was suddenly so full - loads of people decided to send coins to the exchanges at the same time.
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Wouldnt that be a threat to a manufacturer like Bitmain? I think it is in their interest to pump BTC than give up and lose their billion dollar company. I know this is shocking, but Bitmain is already earning billions from ASIC miners.
We have seen this kind of pump done by them during the halving of mining rewards.
Yes - though Bitmain is insulated by the fact there are now so many bitcoin forks for miners to mine - bitcoincash, bitcoingold, etc etc. |
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Some of them will switch to mining some of the forked coins with easier hashrate - bitcoincash, bitcoingold etc. Some will simply go bust and bitcoin's overall hashrate will reduce. Itr's just market forces in play, we've seen this before. |
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Probably not, it can only hit $6000s again and it seems it is going to do it. There is really no buy pressure, no one wants to buy bitcoin now  There are actually a lot of buy orders around the $6000 point. Lots of people missed out the last time it hit $6000 and bounced, so have set up orders in advance. I don't think it will go below $6000 as a result. |
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Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges  but no worry we have great dex OAX developing There are loads of decentralised exchanges built on top of the Bitshares, Waves and Ethereum platforms. The problem is that most users don't want to use them (including those who advocate decentralised exchanges). |
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Bitcoin's profitability wasn’t a problem when the cryptocurrency was heading “to the Moon,” as enthusiasts were fond of putting it, but since late last year, Bitcoin has largely been heading in the other direction.
Calculating mining costs is not so hard, the cost of the computers themselves, as the mathematical problems get progressively harder over time, miners need to keep upgrading their rigs, another issue is energy, making loads of incorrect guesses uses a lot of it. And then there’s cooling ... all that energy use throws off a lot of heat.
The current break-even point for Bitcoin mining is $8,038.
That said, whether or not mining still makes sense, depends a lot on where you are.
And let's not forget that Bitcoin is terrible for the environment.
If it is genuinely uneconomic, we should start to see miners drop out and the hash rate drop. But the hashrate is still pretty high. |
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Price remains stable on daily chart, the market seems to be preparing itself for next storm, will G20 summit be the igniter?
I don't see how. Japan and the USA are both members of the G20 and have both taken the decision to legalise bitcoin (that's why it's being traded on the American futures exchanges for example). Some of the other countries might be anti-bitcoin (China, Russia etc) but they're not that important. |
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I came across an article recently. Google is joining Facebook and Twitter to ban all crypto related ads. Why does everyone seem to want to frustrate crytocurrency?
They're not "frustrating cryptocurrency". They're just trying to block scams. There are loads of places where you can get free accurate info about bitcoin and other cryptocurrences. So no-one needs to take out ads, apart from the phishing sites... |
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Well yes - the stock market has been having a bull run since 2011.
As for bitcoin - it WAS a bubble back in December, but no-one can say it's a bubble now. The price is hovering around $8,400, and that's definitely npot bubble territory.
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Blockstream is already owned by big mainstream corporations like AXA.
That's why bitcoincash broke away - they felt the development line was being pushed into a direction that companies like AXA would benefit from (for example i wouldn't be surprised if AXA opened a lightning network node to handle transactions offline for a fee).
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The Virtual Commodity Association will have regulations about information sharing, cybersecurity and fiscal responsibility. Members will have to comply to these regulations to remain members. The two brothers see it as the next step in the maturation of crypto markets Read More here: Cryptocurrency Self-RegulationIt's a good idea. If self-regulation works well, the government tends to stay out of the way. They only intervene when markets clearly get taken over by scammers. |
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This is just a temporary moratorium and the reason is the supply of power available that can be jeopardized if mining will be allowed openly. This is not actually because of mining itself but the problem of power. In my view, a Bitcoin mining operation should not be venturing in places where there is no excess of power available as it can certainly not be helping the locality. They should be looking for areas where the power is very much available, cheaper and will not be competing with the needs of other businesses and residents.
Agree. Bitcoin should either go to places where they have excess power (Iceland), or perhaps set up farms in places like New Mexico powered by their own solar panels, so they arn't dependent on a local power station. |
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It is really bad news. Only staying twitter. If twitter banned crypto, then it will so much sad news for cryptocurrency.
People disappointed day by day for that type news. Facebook ban and then google banned all crypto related news.
It's not bad news at all. Most of the ads were for scams. Scams don't help bitcoin, they hurt it. |
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Mt. Gox Trustee thing is starting to turn into a boogeyman and it is used to scare off children at night.
yes it might have contributed to the drop a little bit but everyone seems to ignore the facts such as the dates which started months ago, and during the rise. and everyone was happy during the rise that ignored this sell off and continued ignoring it for at least 3 more months since price was still rising while the sell off was happening. then as soon as the drop started everyone started talking about the sell off and the market drop was assigned to it!!!
Yup. The MtGox trustee hadn't sold anything since early Feb. So how can "the MtGox sell off continues" be the headline? |
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