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1  Economy / Speculation / The power of Bitcoin HODLing on: March 29, 2021, 10:44:10 AM

Imagine, $1 invested in Bitcoin in July 2010 is worth $800,000 today.




Twitter: https://twitter.com/michaelbatnick/status/1348071853617782784


Look at the value of $1,000 invested in bitcoin five years ago




Twitter: https://twitter.com/JonErlichman/status/1373638414227156992


Not HODLing can be hazardous!




Twitter: https://twitter.com/adam3us/status/907404159179268096


A lesson for a lifetime. I learned my lessons, how about you? are you?
2  Economy / Speculation / Damn, I should've bought bitcoin earlier! on: March 28, 2021, 02:36:03 PM
Don't miss the next bitcoin cycle! Don't miss the next bitcoin bullrun! A lot of people are missing the best time to invest in bitcoin because they are focussing on other things, not the bitcoin market. You have to stay FOCUS on the bitcoin market all the time to get the maximum leverage. You need to stay FOCUS for the next bitcoin cycle to come.





Twitter: https://twitter.com/misir_mahmudov/status/1118243131584065537
3  Economy / Currency exchange / PP $500 For BTC or BCH on: March 19, 2020, 09:18:54 PM
Hi guys,

I have PP $500 for BTC or BCH.

I'll trade with only Legendary
4  Economy / Currency exchange / [H] $100 PayPal [W] Bitcoin on: June 27, 2019, 01:56:40 AM
If you are interested just PM

I'm looking for someone that we can do business for a long time.

We can use escrow if necessary. thanks

5  Economy / Economics / The market started looking green today. on: March 31, 2018, 02:15:36 PM
It appears the market started recovering today from one of the worse long-lasted corrections in bitcoin history.
The bitcoin now secure the 45% of the cryptocurrency market dominance. what you have to say about that?


6  Bitcoin / Press / [2018-02-28] Marshall Islands Plans To Launch National Cryptocurrency And ICO on: March 01, 2018, 12:00:27 AM
Another country is planning to create its own cryptocurrency.

The Republic of the Marshall Islands intends to issue the Sovereign, or SOV, to supplement the U.S. dollar as its  legal tender.

Legislators for the Pacific island nation (2011 population: 53,158) passed the Declaration and Issuance of the Sovereign Currency Act 2018 on February 26th.

"The purpose of this Act is to declare and issue a digital decentralized currency based on blockchain technology as legal tender of the Republic of Marshall Islands," reads the bill, posted in the Sovereign's official Telegram channel. The bill goes on to say that the currency will be issued by the nation's Ministry of Finance and introduced via an initial coin offering (ICO).

more: https://www.coindesk.com/meet-sovereign-marshall-islands-government-issue-crypto-token/
7  Bitcoin / Press / [2018-02-28] Genesis Trading Launches Crypto Lending Service for Investors on: February 28, 2018, 11:45:00 PM
Genesis Global Trading Inc., a big institutional market maker for digital currencies, has started a lending business.

The new subsidiary, Genesis Global Capital, will allow investors and businesses to borrow cryptocurrencies in quantities of $100,000 or more for fixed terms ranging from two weeks to six months. Loans will be issued in bitcoin, ether, ether classic, XRP, bitcoin cash and zcash among others.

"We believe now is a great time to offer an institutional-focused lending service because it will increase general liquidity in the marketplace, encourage new financial institutions to participate in a two-sided market and increase the working capital that companies use to scale their digital currency-centric businesses," Genesis Capital said in a press release.

More: https://www.coindesk.com/genesis-trading-launches-crypto-lending-service-investors/
8  Bitcoin / Press / [2018-02-28] UK Bank HSBC Might Soon Pilot Live Blockchain Payments on: February 28, 2018, 11:41:34 PM
International banking giant HSBC is reportedly close to testing blockchain in live transactions.

Global Trade Review reports that the bank could launch several pilot programs based on existing proof-of-concept (PoC) projects in an effort to begin transitioning to live blockchain transactions. The move was announced during a private media call earlier this week.

HSBC senior innovation manager Joshua Kroeker said at the time that the launch would mark the fruition of trials conducted over the course of two years, including one announced in August 2016 that tests the use of a blockchain in replicating letters of credit.

At the time, the trial aimed to develop trust between two or more entities by creating a system to authenticate data, as previously reported.

More: https://www.coindesk.com/uk-bank-hsbc-might-soon-pilot-live-blockchain-payments/
9  Bitcoin / Press / [2018-02-28] Germany Won't Tax You for Buying a Cup of Coffee With Bitcoin on: February 28, 2018, 11:39:33 PM
Germany won't tax bitcoin users for using the cryptocurrency as a means of payment, the Ministry of Finance has said.

The guidance, published Tuesday, sets Germany apart from the U.S., where the Internal Revenue Service treats bitcoin as property for tax purposes - which means that if an American buys a cup of coffee with bitcoin, it's technically considered a sale of property and potentially subject to capital gains tax.

Instead, Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as a means of payment, according to a new document.

More: https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

10  Alternate cryptocurrencies / Altcoin Discussion / [2018-02-27] The Telegram ICO: What We Know (And Don't) About 2018's Biggest on: February 27, 2018, 11:52:16 PM
So far in 2018, Telegram's rumored initial coin offering (ICO) has been the talk of the industry - a remarkable feat given the global messaging platform's executives have yet to utter those three letters together or confirm the company is, in fact, raising money via a sale of tokens called "grams."

Yet, the story's popularity stems not only from Telegram's tight-lipped CEO Pavel Durov, but also from the billions of dollars his team reportedly plans to raise through the sale.

Despite the company's efforts and strict non-disclosure agreements, which are keeping most news about the largest crowdsale in history under wraps, things have leaked here and there.

continue reading - https://www.coindesk.com/telegram-ico-know-dont-2018s-biggest-token-sale/

11  Alternate cryptocurrencies / Altcoin Discussion / [2018-02-27] Venezuelan Leader Claims Big Demand for Petro Cryptocurrency on: February 27, 2018, 11:43:57 PM
Venezuela president Nicolas Maduro said the government has received more than 171,000 certified purchase orders for the petro, the country's forthcoming cryptocurrency.

In a Twitter post, the country's leader claimed that 40.8 percent of the purchase orders were in U.S. dollars, 6.5 percent were in euros, 18.4 percent were in ethereum and 33.8 percent were in bitcoin.

He further claimed that more than 3,500 companies placed bids for petro tokens. The remaining 82,000 purchasers are individuals, according to Venezuela-based news group teleSUR.

continue reading - https://www.coindesk.com/maduro-claims-171k-purchase-orders-for-petro/
12  Bitcoin / Press / [2018-02-27] Goldman Sachs Exec: Central Bank Cryptos Could Be Incredibly Useful on: February 27, 2018, 11:38:06 PM
A senior executive for Goldman Sachs believes that cryptocurrencies - at least those that might one day be created by central banks - could be "incredibly useful."

Sharmin Mossavar-Rahmani, chief investment officer for Goldman's Private Wealth Management unit, spoke with Business Insider in an interview published Tuesday. During the conversation, Rahmani notably remarked that "we think cryptocurrencies in their current format, meaning that in the current incarnation, are in a bubble."

"The bitcoin prices are astronomical. Then we compare that to ether, and ether is even more astronomical," she went on to say. "So clearly, these valuations don't make sense to us."


continue reading - https://www.coindesk.com/goldman-sachs-exec-central-bank-cryptos-incredibly-useful/
13  Bitcoin / Press / [2018-02-27] China’s Top Retailer Launches Startup Incubator To Lure Foreign Blo on: February 27, 2018, 11:36:11 PM
China’s largest online and brick and mortar retailer JD.com announced the first four startups for its Al Catapult Blockchain incubation program in a press release published Tuesday, Feb. 27.

The Beijing-based program, which has seen candidates from as far afield as Australia and the UK, aims to use the company’s vast Chinese infrastructure to arrive at new applications of Blockchain and artificial intelligence (AI), according to the press release.

continue reading - https://cointelegraph.com/news/chinas-top-retailer-launches-startup-incubator-to-lure-foreign-blockchain-projects
14  Bitcoin / Press / [2017-12-20] Bitcoin Price Has a $400,000 ‘End-game’: Research Analyst Ronnie Mo on: December 20, 2017, 02:08:19 PM
Bitcoin Price Has a $400,000 ‘End-game’: Research Analyst Ronnie Moas



Independent market research analyst Ronnie Moas said that he believes the bitcoin price has the potential to reach a long-term target of $400,000.

Bitcoin Price Has Six-Figure Potential

Moas, the founder of Standpoint Research, has been recommending bitcoin since July when it was trading at $2,600. At that time, Moas set his 2018 bitcoin price target at $5,000. That may have seemed like a bullish target at the time, but bitcoin has exceeded it — several times over — causing Moas to revise his forecast upwards multiple times.


Source: CoinMarketCap

Over the weekend, the bitcoin price briefly touched a global average of $20,000 — a mark Moas had originally believed the flagship cryptocurrency would not reach until 2020. At the time of writing, the bitcoin price was trading at $18,612, according to the CCN price index.

However, despite its breakneck pace in 2017, Moas believes the bitcoin bull market has the legs to continue into the six-figure range, even if it does encounter temporary dips along the way.

“The end-game on bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world,” Moas told CNBC’s “The Rundown.

“I don’t know how much gold there is in the ground, but I know how much bitcoin there is, and in two years there will be 300 million people in the world trying to get their hands on a few million bitcoin,” Moas added, explaining the justification for this optimistic outlook.

Bitcoin Futures a ‘Celebrity Endorsement’

As CCN has reported, much of the recent rally can be attributed to the introduction of bitcoin futures on U.S. exchanges CBOE and CME, which should help cryptocurrency shed its taboo status among Wall Street investors. Some analysts, though, predicted that institutional investors could trigger a bitcoin price crash by shorting the futures. Nevertheless, that has not happened — at least during the futures contracts’ debut phase.

In any case, however, Moas said that he was “really not too concerned” about the nascent bitcoin futures markets, arguing that they serve as a “celebrity endorsement” of bitcoin but will not have a significant impact on the asset’s price over the long-term.

URL: https://www.ccn.com/bitcoin-price-400000-end-game-research-analyst-ronnie-moas/
15  Bitcoin / Press / [2017-12-20] $600 Billion: Cryptocurrencies Now Worth More than Amazon on: December 20, 2017, 02:03:20 PM
$600 Billion: Cryptocurrencies Now Worth More than Amazon



The cryptocurrency market cap surpassed $600 billion over the weekend, launching the combined value of all cryptocurrencies past that of e-commerce behemoth Amazon.

Cryptocurrency Market Cap Hits $600 Billion

The introduction of bitcoin futures contracts on regulated U.S. exchanges CBOE and CME has, as expected, facilitated a comprehensive market rally, even as the futures products have been thinly-traded relative to the global cryptocurrency ecosystem.

Last week, the cryptocurrency market cap rose to $440 billion after CBOE launched the first regulated bitcoin futures. That represented a seven-day gain of $100 billion — an astonishing feat — but the rapidity of this week’s rally has been even more meteoric.

Since last Monday, the cryptocurrency market cap has soared by $160 billion, or 36 percent, to reach a new all-time high just above $600 billion.


Source: CoinMarketCap

Although bitcoin led the rally for much of the week, it was altcoins that carried the cryptocurrency market cap across the historic threshold. As of Monday morning, there were 29 cryptocurrencies with individual market caps exceeding $1 billion; on January 1, there was one.


Cryptocurrencies More Valuable Than Amazon

At its present level, the cryptocurrency ecosystem is more valuable than Amazon.  Like cryptocurrencies, the $568 billion tech giant has experienced a remarkable year-to-date rally, although its 60 percent advance has been eclipsed by the 3,400 percent explosion boasted by the cryptocurrency market cap.


Source: Yahoo Finance

Lest one attempt to downplay this achievement by remarking that Amazon is just one company, while cryptocurrencies represent an entire asset class, remember that — just six months ago — critics circulated this chart as evidence that cryptocurrency’s role in the economy had been overstated.


Source: HowMuch.net

While cryptocurrency — and bitcoin in particular — still represents a very small percentage of the global money supply, its economic status is rapidly swelling. Bitcoin is currently the world’s 14th most-valuable liquid currency, as measured by notes in circulation and bank deposits, and cryptocurrencies as a whole would rank 11th.


Source: CIA World Factbook/Jameson Lopp

If the bull market continues, it would not be at all surprising if the cryptocurrency ecosystem hits the $1 trillion mark before Apple, whose $893 billion market cap makes it the world’s most valuable company, can accomplish the same feat.


URL: https://www.ccn.com/600-billion-cryptocurrencies-now-worth-amazon/
16  Bitcoin / Press / [2017-12-20] Bitcoin Dominance Drops Below 50%, Litecoin and Other Altcoins Surg on: December 20, 2017, 01:47:29 PM
Bitcoin Dominance Drops Below 50%, Litecoin and Other Altcoins Surge Rapidly




The bitcoin dominance index has fallen below 50 percent for the first time since October, as alternative cryptocurrencies in the market such as Ethereum, Litecoin, and Ripple demonstrated strong performance over the past week.

After a week-long rally, Ethereum, Litecoin, Ripple, Cardano, IOTA, Dash, NEM, and EOS, all of the top 10 cryptocurrencies with the exception of bitcoin and Bitcoin Cash, have recorded a daily gain of over 10 percent.

Earlier this week, CCN reported that Litecoin and Cardano have both demonstrated more than 150 percent increase in value within a seven-day period. Since then, both Cardano and Litecoin have surged by nearly 20 percent.

Why are Alternative Cryptocurrencies on the Rise?

Throughout this week, many analysts have provided contrastic viewpoints in regards to the rise of altcoins. Some have claimed that the entrance of institutional money and hedge funds in the cryptocurrency market initially by bitcoin futures have led investors to explore other cryptocurrencies in the market.

Others have attributed the success of altcoins to the scalability issues of bitcoin and the lack of Segregated Witness (SegWit) integration by businesses. Leading wallet platforms like Blockchain and Coinbase, along with bitcoin transaction fee prediction platforms have been recommending a transaction fee in the range of $10 to $30, due to the state of the bitcoin mempool, the holding area of unconfirmed transactions.

Willy Woo, a highly regarded cryptocurrency analyst and researcher, noted that while SegWit has improved the Bitcoin blockchain in terms of scalability and block size expansion, SegWit will need to reach a high adoption rate to substantially lower the transaction fees of bitcoin. Woo wrote:

“Now that Segwit is out, bitcoin blew past the 4 transactions per second ceiling and tipping 5.5 transactions per second. But judging on past organic growth, the true demand is over 10 transactions per second right now. If Segwit was fully adopted, the network would be able to handle this estimated 10 transactions per second of demand easily. Hardly any of the major exchanges have adopted Segwit. IMO they have the biggest power right now to quickly alleviate congestion.”

However, only a few major bitcoin platforms including Trezor, Ledger, ShapeShift, and BitGo have integrated SegWit, and larger wallet platforms such as Coinbase and Blockchain are yet to implement SegWit.

In the short-term, the lack of a scaling solution and slow adoption rate of SegWit will continuously lead to high transaction fees, unless the mempool clears.

Public Interested in Tokens


The public and investors in the cryptocurrency sector have begun to take interest in tokens and cryptocurrencies that are able to carry operations and process transactions bitcoin is not capable of.

For instance, Litecoin’s faster confirmation times allow the facilitation of small payments with lower fees. Dash, Monero, Zcash, and Verge’s privacy measures enable users to process anonymous transactions that cannot be tracked through public blockchain explorers.

Whether the trend of alternative cryptocurrencies rising and bitcoin sustaining its value will continue in the mid-term remains uncertain. In July, bitcoin’s dominance index was also below 50 percent, as the popularity of Ethereum surged. Throughout August and September, bitcoin’s dominance index recovered, peaking to 62 percent.

URL: https://www.ccn.com/bitcoin-dominance-drops-50-litecoin-altcoins-surge-rapidly/
17  Bitcoin / Press / [2017-12-20] Bitcoin Price Falls Below $16,400, Loses Nearly 15% in Major Correc on: December 20, 2017, 01:37:39 PM
Bitcoin Price Falls Below $16,400, Loses Nearly 15% in Major Correction




Bitcoin price has declined from $19,000 to $16,390 over the past 24 hours, as the bitcoin dominance index dipped dropped to 47 percent and alternative cryptocurrencies in the market surged in value.




On December 20, the bitcoin price decreased by more than 10 percent, and its market valuation dropped from a weekly high of $331 billion to $283 billion. Still, on a weekly basis, the bitcoin price has still recorded a slight gain, since the price of bitcoin on December 13 was mere $16,090.

Bitcoin has already started to demonstrate signs of recovery and within several hours after dipping below $16,400, the price of bitcoin has recovered to $17,000 and is en route to entering the $18,000 region.


Factors of Bitcoin Price Decline


Analysts have offered contrasting explanations to justify the recent major price correction of bitcoin. Some analysts have claimed that the price of bitcoin declined primarily due to the strong performance of alternative cryptocurrencies and the frustration of bitcoin users with high transaction fees. At the time of reporting, bitcoin wallet platforms such as Blockchain and Coinbase are recommending transaction fees in the range of $15 to $30.

The sudden increase in the value of Bitcoin Cash could also have had an impact on the short-term price trend of bitcoin, given that the price of Bitcoin Cash has increased by nearly 50 percent within the past 24 hours.

Bittrex and its Bitcoin Cash-to-Bitcoin trading pair have accounted for more than 5 percent of global bitcoin trades, processing around a billion dollars in Bitcoin Cash-to-Bitcoin trades.

Currently, the Bitcoin-to-USD trading pair of Bitfinex accounts for over $1.5 billion in global bitcoin trades. Bittrex and its Bitcoin Cash-to-Bitcoin trading pair fall behind Bitfinex, with $965 million daily trading volume. Bitfinex, HitBTC, OKEx, and Poloniex have been processing large volumes of Bitcoin Cash-to-Bitcoin trades throughout the day, processing more than $2 billion in Bitcoin Cash-to-Bitcoin trades within 24 hours. Historically, the price trend of bitcoin has had an inverse relationship with the short-term performance of alternative cryptocurrencies. As the price of other cryptocurrencies in the market surged, the price of bitcoin declined.

A similar trend has occurred over the past two days, as the bitcoin dominance index dropped to 47 percent and the demand for cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash significantly increased.

Raita Yamaguchi, a senior consultant at Nomura Research Institute, noted that the recent security breach and bankruptcy of a South Korean bitcoin exchange could have had a negative effect on the price of bitcoin in Asia.

“Both the news of South Korea’s exchange having been hacked and position adjustment following recent rallies affected the market today,” adding that South Korea market is a minor market compared to the US and Japan. “The weight of South Korea as a Bitcoin market is not that big.”


December Price Trend

Despite today’s major price correction, investors and the market remain optimistic in bitcoin’s short-term performance throughout December, as bitcoin has historically prospered during holiday seasons during which bitcoin and cryptocurrency investment become the hot topics at family meetups.

Market’s optimism in regards to bitcoin’s performance throughout Christmas, New Years, and the integration of bitcoin by Cboe and CME could allow bitcoin to achieve a new all-time high by the year’s end.

Source: https://www.ccn.com/bitcoin-price-dips-below-16400-loses-15-in-major-correction/
18  Alternate cryptocurrencies / Altcoin Discussion / Bitcoin is draining the altcoins on: December 01, 2017, 12:59:26 PM
Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?  
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