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1  Alternate cryptocurrencies / Altcoin Discussion / We expect bitcoin to find footing after April [17], tax day [USA] - Tom Lee said on: April 06, 2018, 02:31:37 PM
The famous analyst of Tom Lee considers that the cryptomarket will fall till April 17. This day in the USA - day of payment of taxes for 2017.
According to him, owners of cryptocurrencies who performed trading activities with cryptocurrency and the crypto-exchanges which are under jurisdiction of the USA received in 2017 in an income type for cryptocurrency transactions about one trillion dollars.
Respectively they shall pay about 25 billion dollars in a type of tax. But as most of them continues to keep the equity in cryptocurrency, for payments of a tax they should sell in large quantities the cryptocurrency till April 17.
Such sale, according to the analyst, creates and will create the additional pressure upon the market of cryptocurrencies to the middle of April.

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Ultimately, we expect bitcoin to find footing after April [17], tax day," Lee said.

U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings, which could result in "massive" selling of the digital currencies into U.S. dollars by the mid-April tax filing deadline, one Wall Street analyst said.

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"Additionally, we believe there is selling pressure by crypto exchanges who are subject to income tax in U.S. jurisdictions," Lee said. "Many exchanges have net income in 2017 [of more than] $1 billion and keep working capital in [bitcoin]/[ethereum], not USD — hence, to meet these tax liabilities, are selling BTC/ETH."

Lee estimates cryptocurrency investors have a tax liability of $25 billion for 2017, based on the historical tendency of U.S. households to realize about 52 percent of capital gains in any single year.

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Investors likely realized a record $1.04 trillion in capital gains for cryptocurrencies and stocks in 2017, Lee said. He added the combined figure is the most since reaching $924 million in 2007, just as the financial crisis was getting started and shortly before bitcoin was invented.

However, selling around tax season could abate in less than two weeks.

Source: https://www.cnbc.com/2018/04/05/wall-streets-tom-lee-predicts-massive-outflow-from-cryptocurrencies-ahead-of-tax-day.html


2  Alternate cryptocurrencies / Altcoin Discussion / STOP Selling Bitcoin to Cartel on: March 31, 2018, 05:32:59 PM
The quite good analysis from the author of Super Crypto. He conducts a research about the market fall reasons. Carries out the comparative analysis with the markets of precious metals and futures. Useful long-read as information for reflection.

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4th Dimension: Bitcoin-Manipulation-Cartel — Price-Suppression is their Goal

Every market has three major dimensions and everyone knows that
1) Technical Analysis 2) Fundamental Analysis 3) Manipulation.

Cartel — The 4th dimension of the market

There is 4th dimension that exist in FEW Markets, Its called “Cartel”. Its primary Goal is “Price-suppression”. Please note — it IS NOT “Manipulation”.
Is Cartel Active in Crypto Space?
Absolutely, YES.
I called for Bitcoin correction of 95% before CME opened its doors. Check my Twitter account @Super_Crypto So far 70% of it is already in place. (But don’t expect 95% correction to happen in one shot. We will see many Rallies and Dumps in between. Nothing goes in a straight line. 20K is just the first inning. We are in for a long ride of a few years.)
Since When Cartel Is Active?
Cartel entered Crypto space somewhere in Oct-2017. Their presence started showing the HOUR CME-Futures Market Opened it doors for Crypto.
Bitcoin DUMP started exactly at the moment CME opened Doors at 5PM on Dec-17–2017. It still continues (image last updated Mar-10–2018)

Read more: https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

Twitter: @Super_Crypto

Medium: https://medium.com/@super.crypto1

I in many respects agree the author of article.
There are several moments which are difficult for explaining with simple combination of circumstances.
1) The moment of an entrance of Big money matches with the pumping of the crypto market.
2) A prohibition simultaneous (almost) on advertizing ICO and cryptocurrencies in the leading Internet giant.
3) The fall in the market does not coincide with a multiple increase in investments in blockchain-projects. Investments continue to increase despite the fact that 80% of projects in 2017 failed
4) 30% of investments - money of venture funds or rich private investors. And it besides, in spite of the fact that 80% of projects of 2017 failed
More than a half of investments into ICO in 2018 were collected at a stage of the closed sales and Pre-Sale. TokenData statistics demonstrates to it.
Total amount of the funds raised in 2018 constituted about $2 billion, at the same time $1,63 billion were invested by private investors during the closed rounds.

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More than half of all investors in 2017 invested no more than 1 ETH.

But all the small investors invested barely 1 % of the total amount invested. This is a sign that ICO was not as public as it looks. Also, a large number of small investors might be considered a potential part of the ICO investments market. I assume small investors who were successful could have invested more. The main impact was made by mainly medium and big investors.

All this doesn't correlate with fall of the crypto market in any way


https://medium.com/@fisherinfo/what-is-common-among-best-icos-58913928e38

https://www.reddit.com/r/ICOAnalysis/comments/7t2xdg/ico_analysis_financial_approach/
3  Alternate cryptocurrencies / Altcoin Discussion / How CoinMarketCap (CMC) manipulates the market on: March 31, 2018, 05:00:58 PM
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It has come to our attention that CoinMarketCap.com, the Number 1 website in the crypto-currency industry, is showing immensely fraudulent and scam information (on purpose) to its users. As a site that is used frequently for reference points by many news organisations, trading outlets, companies, informational sites and individuals, we thought it would be in the best interest of the community to write about what has been really going on with this “trusted resource”.

Please note, our research indicates that multiple attempts to fix information by many coins on CoinMarketCap.com through contacting them through their support requests or online social media sites such as BitcoinTalk.org, reddit.com and other places has gone unanswered, ignored and/or explicitly overlooked/denied. By explicitly overlooked/denied, we mean that after contacting their support with up-to date and obviously correct information, they refuse to update the data. Many hundreds of coins on CMC are affected very negatively (or positively) by this. A lot of them have given up trying to get CMC to put correct data on their site, and have made sticky posts in their own respective forums as to this issue instead.

We also believe that there is massive insider trading going on with the employees, owners and others involved with CoinMarketCap. Our research, including talking to multiple coin creators, shows anomalous buying of coins between times that the coin creators asked CMC to list their coin (through their google form) and between when it actually gets listed on the site. This could mean that CMC insiders know that certain coins will pump, and go on a buying spree to front-run the listing of the coin and the public market sentiment. This can be seen over and over again when analysing the action on coins when being listed.

Pump and dumps are also being actively allowed and managed by the team at CMC without the knowledge of the coin creators or coin communities themselves. This can be seen by the direct manipulation of the circulating supply of some coins. CMC puts the circulating supply as very high at certain points (increasing the market cap), then drops it down to a much lower number later (lowering the market cap). This moves these coins up or down their numbered list causing massive buys and sell offs at the whim of CMC. Luckily this fraud can only be made to happen once or twice with each coin as the public outcry from the coin communities (sometimes) usually puts an end to it one way or other.


Source: https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144

Greed spoils people. When they try to obtain a large income, some begin to go crazy, and they want even more money. And under the influence of greed they for this purpose use any methods, including dirty. The cryptocommunity needs to rally and boycott similar doubtful resources on the Internet.

There are alternate resources: https://news.bitcoin.com/8-alternatives-to-coinmarketcap/
4  Economy / Speculation / Bitcoin already more than 7200. When to wait for correction? on: November 04, 2017, 07:42:51 AM
Bitcoin already reached more than 7200. When to wait for correction and it will be how strong?
Everyone understand that correction surely will be. Guys, your forecasts: when and how there is a lot of?
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