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Excerpt from ccn dot com: Politicians won't stop being funny. The government is basically trying to Centralize Cryptocurrencies it wishes to control. It is probably an attempt to get rid of transparency and other important features of decentralized Cryptocurrency in order to manipulate the Cryptocurrencies as they wish and possibly destroy them like the national fiat that currently has no value. Not necessarily,Venezuela is known for it's current inflation crisis.It may be just a legit step to fight against their problem by generalizing the use of cryptocurrencies.I mean,yeah it may destroy decentralization at some point,but they don't have much of choice actually. This is their last attempt, grasping at straws. They've kind of backed themselves into a corner with the hyperinflation as money can't hold the value of the paper it's being printed on anymore. Is it necessarily a bad thing though? I'd say it's a step forward because they are moving crypto into the mainstream. However, the centralized nature of it will be a signal to other countries as well: we can still control our money even if it is digital. You'll probably see Sweden or Norway try something similar next. This is where the market is heading. Crypto is becoming controlled by the banks. |
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If you can do any work with Bitcoin, then Bitcoin will be tracked financially easily, which does any work But it is planned for other times related to police blockbay technology and transactions.If a portion of them gets sent to an exchange or any service which does AML/KYC, those coins can be traced to a person.
Can be traced, but will be traced? Not necessarily. They don't freely exchange information with tax services at this point, but they could be doing this sometime soon. If they do give this information to the government, it would probably be only the US IRA. That might be shared with EU countries, UK, CA, NZ, AU, etc. but if you are in an emerging economy they probably wouldn't send that information over. Unless of course, you are a "person of interest". Everything can be traced nowadays, but there is no time. So just don't be interesting. |
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You have no right to be punished, if you are punished because you have bitcoin, then you should ask them, "If I have bitcoin, what is the negative impact on this country (venezuela)?
surely they will be confused. Is the bitcoin in venezuela banned 100% (although only have it)
Defense your self cause you are not criminal you are only bitcoin user .There's no right to punished you. I think your fellow mens are not open minded in this kind of business. There's no such definite rules that bitcoin will link to crime as well. Only ways that government could trace your bitcoin was through banking transfer transactions. The bank is always there to have transparency to become more effective in through blockchain and fiat transfers. I think there must stronger rules against the right of bitcoin users to become protected, due to it's a decentralized currency. The bank is transparent? In which universe are you living? Or do you mean in disclosing information to the governments? All this talk of anonymity of bitcoin doesn't reassure me. If someone wants to find you these days, it's not hard. People recklessly leaving behind cookie trails that can be tracked if the issue is serious enough. There were even a few high profile arrests of criminals a while ago who were using bitcoin for something illegal which eventually caught up with them. But if you're just going to use it to avoid paying taxes and protect yourself from a currency that is turning into toilet paper, I'm sure they can't afford to waste the energy to track you down. |
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Nice down here, bull + bulls + bullss = a right place to watch as a bitcoiner  The castle of the bulls over here our bull brother  Lots of really nice stories coming in through here but we haven't seen much of a reaction yet in the price. What's going on? Why is bitcoin still slumping, even after all of that positivity?
You'd think that people would be rushing out to buy it with these kinds of events. Are they just not that exciting anymore, that people don't take them seriously? I know the EFT news is getting a little bit old, but these kinds of events about the NYSE and Starbucks are really something. Those are major signals towards the advancement of the coin and more widespread use.
There have been so many bullish news about bitcoin recently and more upcoming but prices are still declining which is very disappointing to see, personally i cannot wait to see btc going parabolic like it did last year and i hope this year the peak will be double the size we seen last year.
In simple words, price manipulation. You Just cannot simply put everything around BTC (whats bullish news...) and reflect iT only in price.... its all happening but iT all takes time as well....
Well said, like the springboard, coiling and coiling till the moment of the takeoff. yes and with all the good news it would be nice to see an instant BULL run but it just needs time so very good for us LONG TERM BULLS that we are patientoffcourse its normal that many daytraders As those just for quick money are getting rekt from time to time but yeah thats the case in everything there will always be those that get burned I'm willing to sit down and lock down my bitcoins until the ivory towers that those white golf shoe wearing dirtbag bankers fester in come crumbling down among them. They can sit and take as many short positions as they want on bitcoin but it's still not going to stop it. There's enough reason for it to get rolling again. People are getting sick and tired of getting raped by central bankers so they will learn to make the change soon. They know that bitcoin exists, they just need to recognize that they can trust it. |
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We don't know how effective the futures are on this market. After the peak in 2013 there was a perfectly similar correction dragging the market down for quite a long period of time, especially for crypto standards, and that without futures. We need at least a year or two to see the real effect of these futures markets, and eventually I do believe that they will heavily weigh on Bitcoin's market with how institutions will gain an upper hand.
I think right now it's safe to say that those dealing with futures are just as afraid as most people here are. In other words, futures traders are afraid of Bitcoin manipulation, and Bitcoiners are afraid of futures traders manipulation.
It's all too much of a coincidence to me. I mean the price had to crash eventually, but it turns out it basically started around exactly when CME launched the futures... it could have been exactly the same without the futures launch and $20k was the legit, organic peak for that run, or perhaps it was just getting started and they cut it... who knows? we can never know since there is only one timeline that we can perceive at least. I have no doubts that the theory weights at least some value. I mean look at the charts, how come these other assets also peaked right when the CME launched their futures? looks like manipulation to me. They keep these assets low while they keep fiat-friendly stocks and bonds up. Our job is to amass as much BTC as possible during this bear market as noobs get kicked out by them, we must be ready because next time it starts rising it will dwarf previous highs and they will not be able to control it anymore. Real money always win in the long term. Bitcoin, gold, silver, all good to go, but biggest massive gains on BTC obviously. Those charts are scary. Hahaha. What then would it mean for the miners on the next halving coming on 2020? If "Wall Street cartel" keeps pushing the price down, that would threaten the miners incentives to keep mining. What would happen to Jihan Wu? Will he be pushed out and replaced by the Wall Street cartel's preferred chip maker, making "them" control Bitcoin? Bitcoin does have very unique features that these other assets didn't have. It moves much much faster, and the halvening causes bull runs because of the nature of mining. I don't think that they can keep down that momentum very easily, and if they did, they'd lose millions of dollars in the process. Not that it would be a problem, they could just dump the costs on a bank to bankrupt it and have the taxpayers bail it out. There were a lot of other people waiting anxiously to short Bitcoin when it went past 10k last year. It wasn't just institutional investors; a lot of retail investors thought it was a huge bubble at that time too. The general market sentiment was too high too quickly in Dec. |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
if the government does not allow bitcoin to be accessed, there is certainly a strict sanction and certainly the government can track that possibility, but if it does not prohibit, the government cannot do anything. Yeah keep in mind your government's access to information as well. The US government can find almost everything it wants because it's in Google and Facebook's pockets, but most other governments will have a much harder time getting that kind of info out of an exchange, or even finding out that you are a part of that exchange in the first place. Now the KYC process enables these exchanges to give over that info, but they don't necessarily do it for everyone. Only the ones who are big problems. And like said above, if you are careful about your conversions (cash only or offshore accounts) then no one will know where it came from. |
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This is big, very big, similar to an ETF approved. You will be able to buy Bitcoin easily, all the computer illiterate boomers that just can't get their heads around downloading a wallet and securing the coins, will be able to get Bitcoin exposure. And they seem to be serious: No shitcoins, only Bitcoin.
meh, this sounds like more empty hype (just like the ETFs). "if you build it, they will come!" you assume there is all this latent demand for bitcoin exposure that is waiting on the sidelines---why? it's not how the human mind (and therefore markets) work. people and institutions who want bitcoin exposure because of its astronomical gains don't say to themselves, "no problem, i'll just wait 2 years or 6 years for the right derivative security product to be approved by the SEC!" lol. and there isn't much volume in the regulated swaps and futures markets. what makes this so different? also, it's not all good news. like you said, all this latent demand you think exists is from people who don't understand the point of BTC anyway. we like to think people understand the difference between "real assets" and "paper assets" but most don't. and if there is so much latent demand for paper bitcoins, as you suggest, that opens big opportunities for spot market manipulation, just like the gold markets: https://bitcointalk.org/index.php?topic=4826941.msg43553439#msg43553439Most people are missing this point and I don't understand why. Putting Bitcoin into the mainstream for mass adoption is the worst thing we could do next to allowing the banks to write papers on thin air and call them Bitcoin. These rascals are just trying to get their hands into the asset so they can create an infinitive supply of it. The whole principle of Bitcoin depends on its limited supply! Also, just because it is implemented in November doesn't necessarily mean that it will start going on a monstrous bull run at that time. If speculators really believed it, it would be moving already. Im not sure what you are talking about. Excuse me but how the fuck is the government able to create an infinite supply out of it? just because they can issue whatever-government-backed scam as Bitcoin doesn't mean it's actual Bitcoin therefore as far as real Bitcoin is concerned the supply remains the same. My point is, we CANNOT avoid the government doing whatever they want to do about it. So why not profit from their price manipulation? Long term physics remain: There are 21 million Bitcoins top, and fiat has unpayable debt clusterfuck sitting on top of it like a grey cloud. Long term it doesn't matter, short term it does because you can profit from it by buying and selling at the right times to increase your BTC count which is all that matters.Simple: Futures contracts. They've been doing it with gold for years. If an investor takes a position on the market with gold, there is no impact on the supply because the bank simply hands over a paper (not even that anymore) and has no obligation to back it physically. But it directly impacts the price. So traders from Deutsche bank, Citi, Credit Suisse, JP Morgans, etc. can get together and take massive short positions. Then, despite there being 21 million bitcoins that should be expanding in value, there is now a very heavy ceiling pushing them down. https://www.bloomberg.com/news/articles/2018-07-25/ex-deutsche-bank-traders-charged-in-expanding-spoofing-probeOh and fiat's debt clusterfuck certainly seems bad, but it's (attempting) to be balanced by the GDP. In the US a 21 trillion debt vs an 18.57 trillion GDP isn't as bad as it seems, although it most certainly is unsustainable in the long run. So yes, we should be buying the dips. |
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This is big, very big, similar to an ETF approved. You will be able to buy Bitcoin easily, all the computer illiterate boomers that just can't get their heads around downloading a wallet and securing the coins, will be able to get Bitcoin exposure. And they seem to be serious: No shitcoins, only Bitcoin.
meh, this sounds like more empty hype (just like the ETFs). "if you build it, they will come!" you assume there is all this latent demand for bitcoin exposure that is waiting on the sidelines---why? it's not how the human mind (and therefore markets) work. people and institutions who want bitcoin exposure because of its astronomical gains don't say to themselves, "no problem, i'll just wait 2 years or 6 years for the right derivative security product to be approved by the SEC!" lol. and there isn't much volume in the regulated swaps and futures markets. what makes this so different? also, it's not all good news. like you said, all this latent demand you think exists is from people who don't understand the point of BTC anyway. we like to think people understand the difference between "real assets" and "paper assets" but most don't. and if there is so much latent demand for paper bitcoins, as you suggest, that opens big opportunities for spot market manipulation, just like the gold markets: https://bitcointalk.org/index.php?topic=4826941.msg43553439#msg43553439Most people are missing this point and I don't understand why. Putting Bitcoin into the mainstream for mass adoption is the worst thing we could do next to allowing the banks to write papers on thin air and call them Bitcoin. These rascals are just trying to get their hands into the asset so they can create an infinitive supply of it. The whole principle of Bitcoin depends on its limited supply! Also, just because it is implemented in November doesn't necessarily mean that it will start going on a monstrous bull run at that time. If speculators really believed it, it would be moving already. |
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According to the document: “[The ETF], under normal market conditions, will use available offering proceeds to purchase bitcoin primarily in the OTC markets, without being leveraged or exceeding relevant position limits.” So it's not like they are going to start buying chunks of 25 BTC in exchanges driving the price up (25 BTC is the minimum amount you can get per share with this ETF so it's aimed at well off investors). The speculation will be what drives on-exchange price due the fact the ETF passed. Other than that, it's just irrelevant for Bitcoin. You aren't holding Bitcoin unless you are holding the keys yourself in cold storage. But whatever helps pump the price I guess. 25 BTC per share?? That's $175,000 per share! This is going to get absolutely nowhere as far as I'm concerned. That's a ridiculous investment, even if I had several million sitting around. No institution is going to think about getting into that either. now there are only newbies, whales and high risk takers in the market. it is not just bots!
Maybe you need to open your eyes and analyze the trading activity that's going on, which has been going on for months to put it more precisely. It all (at least the far majority of the activity) reeks of algorithmic trades not caring about anything other than the fundamentals the chart is offering them. Bots don't care if we're in a downtrend or uptrend, they just try to squeeze out every possible penny if they see an opportunity. Charts don't offer fundamentals. Those are called technicals. No one with any sense would be trading in a sideways market like this. Wall St turning up and ejaculating everywhere is a form of adoption in itself and absolutely inevitable for any monetary instrument once it grows beyond a certain size.
For them to never express interest would necessitate eternal worthlessness
That's a sign that there's value. But it's also a warning sign for us. Same thing for that NYSE thing that got announced last week, they want to get their dirty little hands in our pot |
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Lots of really nice stories coming in through here but we haven't seen much of a reaction yet in the price. What's going on? Why is bitcoin still slumping, even after all of that positivity?
You'd think that people would be rushing out to buy it with these kinds of events. Are they just not that exciting anymore, that people don't take them seriously? I know the EFT news is getting a little bit old, but these kinds of events about the NYSE and Starbucks are really something. Those are major signals towards the advancement of the coin and more widespread use.
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ETF's are not the answer to all of the bear problems that persist in the bitcoin market. They will certainly help, and they add some hype to it, but I wouldn't bet the house on it.
There are many ETF's scheduled but nobody knows which one will be approved. Probably not this one, but maybe the next one. There's absolutely no certainty about these things so don't spend too much energy on researching them. Better off learning about trading or technical analysis.
The best thing that can happen to Bitcoin is that we lose all the noobs that think things like Futures and ETFs matter, no matter if they are from Winklevii or CBOE or anyone else. As long as we have these people on board we'll have these very sharp speculative moments of people looking at whatever news to make a move. In the long term all of these will not make it because they will be holding 0 BTC by the time Bitcoin resets the clock. Meanwhile let them have fun with the pump and dumps, just focus on increasing your BTC holdings and not your USD, or long term you will pay for not doing so. As far as this ETF goes, it will not pass, there's like a 10% chance, so we will have another dump. Once the "bitcoin is dead" comments begin, smart money will start coming through and we'll continue the rise to ATH. Exactly! That's why we should stop worrying about these small time events and look at the bigger picture. An ETF is just another attempt at price manipulation as far as I'm concerned. The only thing that matters is that you can get another opportunity to buy into Bitcoin on the cheap if it doesn't get passed and there's another dump. It looks like these events will keep coming to drive the price down until people get so sick and tired of the bluffs that it doesn't cause any reaction anymore (kind of like market reactions to Trump's tweets). These events are just more attempts by central bankers to discredit Bitcoin. |
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ETF's are not the answer to all of the bear problems that persist in the bitcoin market. They will certainly help, and they add some hype to it, but I wouldn't bet the house on it.
There are many ETF's scheduled but nobody knows which one will be approved. Probably not this one, but maybe the next one. There's absolutely no certainty about these things so don't spend too much energy on researching them. Better off learning about trading or technical analysis.
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Yeah, it's always too good to be true. A lot of people don't actually notice once they've passed the point of no return, that being the money leaving the wallet, that they're not actually getting anything in the end. That's why escrows are so important. We can never really trust someone completely unless there is a central mediator to hold the rulebook. Without some kind of power in the middle, either party can easily stand up and walk away without informing the other, without leaving a trace. Especially in the digital age.
So it is about common sense, like mentioned above. You need to understand how something must come in return for your payment.
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Obviously that is what the blockchain technology is. What do you think MasterCard recently did? They created another use of it by winning the patent of transacting through blockchain technology. They are now taking this to the real world and thus made another milestone for their own firm. Who knew that they will do it before the bitcoin can even scale up to little more speedy networks.  Blockchain is just a stage and an open source where anyone can make changes, have tricks and tips and make whole knew dimension running over it. So its pretty normal that blockchain can be used anywhere. It looks like there's a race to apply blockchain and the first one to the finishline will get the pot of gold. Everyone knows that it's the most reliable and secure form of transacting online these days, but no one has been able to apply it in the real world--yet. Wouldn't that just be terribly ironic if MasterCard patents a blockchain technology that makes people adopt it as the main payment system? Using the anti-fiat technology for more fiat payments. We'd better get cracking on that lightening network |
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The Chinese holiday has been over since February but until now bitcoin and others cryptocurrencies has not recovered. We might need to get to July before seeing fully recovering. I have been following this market since 2016 and as a traders I have find out that this is how this market has been behaving and we just has to understand that this is a bearish market time and bull will resume soonest.
We have seen how bitcoin climb again up in the market. We have witnessed the rise of bitcoin in such a short time or just few day. But now we are seeing again bitcoin to fall in massive way in just a short time. I dont know what is the reason now as many people are jumping again in bitcoin. I hope sooner or later the wall on the bitcoin price hike will be gone.
What about the Yuan losing value? That might have something to do with it these days too. The Chinese are pretty fast to get their money out when their government starts devaluing their currency. But now it's starting to fall again, and really quickly. I don't know what's causing it, but it dropped quite fast in the last hour or so. Maybe they're cashing out to buy cars? The new year in China is always a good time to buy things. That might have been a stimulus for bitcoin as they sent their money to relatives overseas as well. |
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Such lists differ from one person to another but as far as I know these countries:
1. Amsterdam: I like the quiet European cities where you can think about your projects, as the society is open to pluralism, there are some successful projects launched from that city like BitFury.
2. Dubai: You can find everything you want in this city, an excellent place for all projects, although I do not see incentives for [Suspicious link removed]pared to other projects.
3. Ljubljana: Small town and Bitstamp exchange headquartered in that town.
for others ASK GOOGLE
Ljubljana is a quaint little city with so much going on in terms of tech. They're less heard of but the people there are quite forward thinking and adaptable to new things. I'd say Tallinn might be along the same path as well, but I haven't been there in a while. More and more cities are starting to get bitcoin shops selling coins for cash, so I imagine that projects wouldn't be so hard to get going. Check out Berlin, Istanbul, Amsterdam, and ask around there a bit. I think the best thing you can do is get on the ground level and then go to these shops and ask people what they've been up to lately. |
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No idea whether that figure is accurate. To me at least it seems ridiculously high. I wouldn't have expected more than 5-10% as a pure guess. Most people are parking for the long term or playing shitcoins.
Actually buying stuff looks low down the order unless you want to get rid of some free profit. And merchant options are contracting. If you take payment processors into account Coinbase have basically told merchants to sod off by making them handle their own keys and Bitpay wants to turn everyone onto shitcash.
Looks unbelievable for me too. What kind of goods are they referring to? People still hate the fees that are deducted to them everytime they use bitcoin to buy or transfer their funds. Bitcoin users prefer making a transactions once every few months or a year so I'm really curious. Yeah that's true, and I think that's why we don't see as much widespread usage of it as everyone hopes for. It's hard to transfer such small amounts on a regular basis when the fees are that high. If you compare it to other ways of buying things, like cash or card, there is no point in using bitcoin for such small purchases. Otherwise people can use it for keeping their money in one place and then just bring out spending cash every month or something. It seems a bit more reasonable that way because even if you pay fees, theoretically, you would gain more in the increase in value of the coin. |
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Eloncity is an ICO who claims that they could solve electricity distribution, many want electricity to incorporate the blockchain technology. Some have failed but there is already one who made it! They already have 25 years of experience in the industry, and they already have a working product.
TBH, I honestly do not understand why would Eloncity use the name Elon, and Tesla's idea of giving power to the world for free. Their platform will be included on the list of free-energy supression if they are true to their words.
That's a bit strange for sure. I wonder if it's a strange coincidence or if he's got his hand in it somehow. There's something about Tesla that seems a bit off, but I'm not exactly sure what it is just yet. We'll have to wait and see. But I'm certainly not against the idea of free electricity or cars that don't pollute. Does this have any relation to those free energy projects that have been popping up all over the place for the last century? I've heard all kinds of stories about this, some borderline conspiracy, about how people have discovered a way to generate electricity using magnetic fields (similar to those of the earth), but the elite have been shutting them down because the petrol industry would be destroyed. |
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Is there an encouragement towards consumerism amongst bitcoin users? Like we are not using it for the correct purpose, and that we should be buying things that we don't actually need?
Bitcoin has intrinsic value in that it is a decentralized system of exchange. But it is also a store of value. It contains value in terms of (US$) that is isolated from the most violent system of manipulation: central banks. There is no central authority that can print more of it or raise interest rates because they need to "stimulate the economy". It is what it is. Pure and simple. Maybe people aren't buying and selling with it right now, but that might just be because it's a little bit slow, and not many merchants accept it.
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If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
Where do you get this figure from? Bitcoin has the basic characteristics of a store of value, the main one being a limited supply. It will need to have some utility for it to be trusted as a store of value so it must succeed in some form as a currency. Why does it need to have utility apart from its capacity to move wealth easily avoiding bank charges. If by utility it needs to be easy to buy a cup of coffee with it I disagree. Although it's egalitarian in nature, avoiding brokers, it isn't simple and it relies on faith. Faith that their money won't just go poof or that its value won't drop like a blimp with a hole where the naysayers are sucking out value making money betting against. It is not going to happen, future contacts are being used precisely to keep the price of bitcoin down in a very similar way in which future contracts are being used to keep down the price of gold and silver, the big advantage that we have over those markets is that many prefer future contracts for gold and silver since moving so much gold and silver is a problem but with bitcoin this is not the case, since we can move a huge mount of bitcoin to the other side of the world without any effort. Yeah, like that case where the major investment bankers were all in a chat trying to plan what time of day they'd smash down the price of gold. They'd coordinate the selling of millions of dollars worth of contracts all at once just to set the avalanche down. Gold bugs speculate that the actual price per ounce in the 10's of thousands but the futures contracts, which a bank can write freely without having any physical gold, keep the price capped around 1 thousand. They have a point--if there weren't so many shorts, the price of physical gold would be much higher. The same could very well happen with bitcoin (and already is as forex platforms allow CFD's) |
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