I don't know where you get the numbers. On my exchange bitcoin price to $ 10,250. This is within the average price. I am sure that the price will go up. Why would you be nervous? Keep calm. The longer you pause the faster the price will go up. The biggest enemy of the users of cryptocurrencies is to panic. Always remember that.
Only one exchange is showing bitcoin above $10,000 and that is Coinfloor. See the following site which pulls in prices from all the exchanges: https://coinalyze.net/ |
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Yesterday, bitcoin, which is the most popular and valuable coin has dropped 6.15% so as a result of this, bitcoin is now $10,256. Earlier, in a one hour trading, bitcoin's value become $9,481.45. What's happening? What was the issue of binance because they're saying that they'll investigate because users are having issues with their funds?
That's not a crash, that's a correction. You need to understand that there are bots out there that trade on keywords, so as soon as the news wires were saying the word "hack" in connection to Binance, they sold. |
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Volume is very very thin. Hardly anyone is trading apart from some hard core speculators and day traders.
IMO the price won't improve till we get new money into the market - either the general public or the big institutional investors. Both are absent at the moment...
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https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cashThe MT Gox trustee has sold 35,841 BTC for $362 million and 34,008 BCH for $45 million according to reports coming out of a creditors meeting held earlier today.
Mark Karpeles, MT Gox’s former CEO, said the sums were “sold between December 2017 and February 2018 with the assistance of a bitcoin exchange.”
Little further detail is provided at this stage with a full report by the trustee providing no explanation why the funds were sold or why they were sold at this precise point. A big sale like that could be the reason for bitcoin's downward pressure between Dec 2017 and Feb 2018.
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I don't understand why you consider this to be theft. Exchanges have always had a difference between buying and selling prices ( the spread ). Banks do it with fiat transactions, and they often charge an additional commission on the trrade.
Yes. It's how market makers make their profit, and without market makers, liquidity would dry up. |
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Do you think they are now on the offensive because suddenly bitcoin is on the rise and they want to put the price to dip again and stop the hype train on its track?
They'e on the offensive because they are control freaks and have been trying for a year to get the Chinese to stop holding crypto. The whole thing is compounded by Xi Jingping becoming a defacto dictator who has been arresting opponents and seizing their money. That's why Chinese have been buying property abroad, and getting into crypto - it's a way of hiding their money from him. |
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Recessions are usually caused by FRIGHT. Everyone stops spending at the same time. Or in the case of the banking crisis, all the banks stopped lending to each other at the same time because they didn't trust each other.
In a normal economy, different sectors will move up and down at different times, and as long as they are all not correlated, there shouldn't be a recession.
I can't see a recession happening this year myself, unless we get some sort of shock like a war.
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https://www.coindesk.com/fujitsu-touts-new-tech-to-detect-ethereum-smart-contract-bugs/Japanese IT giant Fujitsu has revealed a new technology that it says could help to mitigate problems with ethereum's smart contracts.
In a statement released Wednesday, Fujitsu said the new system aims to detect in advance the risks associated with a smart contract source code on ethereum. In effect, the tech helps the blockchain authenticate the source call that triggers smart contract transactions.
Smart contracts are a primary feature differentiating ethereum from bitcoin, enabling developers to build applications on top of the ethereum blockchain to automatically execute programming orders (or contracts).
However, Fujitsu said that, currently, there are six common risks associated with the platform. While existing technologies are capable of solving most of those issues, the authenticity of the source call still remains problematic.
For instance, as the firm explained, since multiple smart contracts could have been built indirectly into a blockchain, there's a risk that the system may not correctly execute the original intention of a source call.
To that end, the new system, a result from joint efforts by Fujitsu's laboratory and its R&D center, is claimed to alert developers of any source code vulnerability that could be exploited to abuse the language of ethereum, and which could ultimately "fake the origin of a transaction."
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Ask yourself what would be the incentive to move a country-issued fiat to blockchain. One of the incentives would be that blockchain-based currency is less anonymous than cash. It would be easier to track its users than it is with cash. Obviously, it would be centralized, it is issued by the governament after all. I think you can forget the "anonymous and decentralized" part. I am not sure if it will affect bitcoin in any way. Already, there are a lot of altcoins. Bitcoin doesn't seem to care  Also, cash costs a lot to print and issue, so they may wish to save money on that. And if they are a small country without a decent payment processor and are being ripped off by VISA, they might want a crypto to help local retailers. It's hard to say whether these country cryptos will be successful or not - it depends on whether you trust the country or not. |
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I think is not very big difference, because of different encryption monetary market and stock market, stock market make money money most of day traders, however, encryption money market a good way to make money is hold for a long time.
There is actually a huge difference. The pump and dump schemes that you see in crypto are illegal on the stock market, and lots of market manipulation goes on in crypto that is also banned in the stock market. |
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The key words are "pressure from governments".
Some governments are undoubtedly hostile, but others arn't. Some will have realised that this is the big tech breakthrough of this century and putting "pressure" on it will just leave your country behind.
It's a bit like the European Union banning genetically modified foods in the 1990's. We now have thirty years data that it is safe, but all the best biotech companies are located outside the EU - by banning it they crushed the industry in Europe and fell behind.
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https://www.reuters.com/article/us-crypto-currencies-japan/japan-to-punish-several-cryptocurrency-exchanges-halt-operations-at-others-nikkei-idUSKCN1GJ1AETOKYO (Reuters) - Japan’s financial regulator will this week slap several cryptocurrency exchanges with administrative punishment notices and is considering forcing some to suspend their business, the Nikkei business daily reported on Wednesday.
The Financial Services Agency may also tell Coincheck Inc - the exchange targeted by hackers in a $530 million theft of digital money in January - to raise its standards, in what would be the second such order to the exchange, the Nikkei said.
The FSA will mete out the punishments after uncovering flaws in customer protection and anti-money laundering measures during on-site checks at the exchanges, the Nikkei said, without citing the source of the information or specifying what the punishments would entail.
It did not specify which exchanges would be targeted.
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https://www.bloomberg.com/news/articles/2018-03-06/grayscale-doubles-offerings-with-four-new-cryptocurrency-fundsGrayscale Investments Inc. announced four new funds Tuesday, each focused on a separate cryptocurrency, effectively doubling the number of its offerings. And there may be more on the way.
Qualified accredited investors will be able to put money into Bitcoin Cash, Ether, Litecoin and Ripple, the investment firm said in a statement. Each fund will operate as a trust, and the shares will be subject to a one-year holding period before they can be resold without restriction.
Grayscale, which manages $2.1 billion in assets, started out in 2013 with Bitcoin Investment Trust, focused on the best-known cryptocurrency. The added funds could broaden the New York-based company’s geographic reach. There’s a lot of interest in Ripple in Japan, for example, according to Michael Sonnenshein, managing director at Grayscale.
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New development: the Venezuelan legislators have declared the Petro to be illegal! https://www.coindesk.com/venezuelas-national-assembly-declares-petro-cryptocurrency-illegal/One of Venezuela's two opposing lawmaking bodies has ruled that the country's issuance of a national cryptocurrency is illegal under domestic law.
Announced Tuesday, Venezuela's Asamblea Nacional, a group of politicians largely at odds with President Nicolas Maduro and his policies, declared it believes the petro cryptocurrency is unconstitutional, using harsh rhetoric that denounced the project as not only a fraud, but a threat to potential investors.
In a public statement, the group's members lashed out against the sale, which is said to have already raised $735 million, arguing it's simply a symptom of the country's ongoing political crisis.
At issue, the legislature said, are claims by the government that businesses and retirement accounts would need to accept the cryptocurrency, which if issued, would mark the first time any nation-state has issued a blockchain-based form of payment. The president says it's legal, the legislature says it's illegal... Hope nobody invested. |
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I don't like the idea, because people will start investing in the Index, but if it have mid-cap coins, it will be too easy to manipulate.
IMO Indexes must stay out of crypto-currencies.
There is no way to keep them out. People love investing in indexes because they think they are "safe". Pretty soon we're going to see an ETF based around this index as well. |
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No one knows - but you could easily spend say $100 on ALL the coins worth 2 cents, and then wait and see which ones do well and make you money.
The law of averages says there should be a couple of big hits in there, the rest will probably go nowhere and a few will die entirely.
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https://www.cnbc.com/2018/03/07/cryptocurrencies-like-bitcoin-are-commodities-us-judge-rules.htmlVirtual currencies like bitcoin can be regulated as commodities by the U.S. Commodity Futures Trading Commission, a federal judge ruled.
U.S. District Judge Jack Weinstein in Brooklyn ruled that the CFTC had standing to bring a fraud lawsuit against New York resident Patrick McDonnell and his company Coin Drop Markets.
The CFTC, which is tasked with regulating commodity, futures and derivatives markets, first determined that virtual currencies, also known as cryptocurrencies, are commodities in 2015.
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I invested in Neo. But from last week after ONT airdrop, its keep on sinking.
Any news???
Chinese FUD. Neo being a primarily a Chinese coin it is very easily affect by the bullshit Chinese FUD, like right now Chinese regulators are allegedly blocking social media accounts of cryptocurrency exchange. Not to mention China banned cryptocurrencies and tokens last summer - so there is no point to Neo. How can you have a Chinese coin without the Chinese allowed to buy it? |
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http://www.bbc.co.uk/news/technology-43291026A UK company has been linked to the laundering of 650,000 stolen bitcoins worth £4.5bn, a BBC Radio 4 investigation has found.
The coins were taken by hackers from Tokyo-based Bitcoin exchange Mt Gox, leaving tens of thousands of customers out of pocket.
It's not clear who is in control of the London-based firm Always Efficient LLP.
Always Efficient's registered office is in east London, but the address is shared by several other firms, some of which are thought to be involved in money laundering.
Duncan Hames, of anti-corruption group Transparency International, said it's likely to be a shell company.
Mt Gox operator Mark Karpeles apologised to investors and said he was co-operating with the investigation.
The FBI has charged a Russian national with laundering the stolen bitcoins. Looks like the company is registered in Britain and they are now trying to find out who owns it.
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