Israeli court has ordered such temporary injunction because Israel government legalized crypto business in their soil and imposed taxes on it. This. Once a legislature has legalised bitcoin, then a bank refusing to provide services to a crypto business is acting discriminatorily, and is breaking the law. And teh courts are there to enforce the law. The courts can't help those in countries where the govt has not legalised bitcoin. And in places like China which is a dictatorship that hasn't got independent courts, good luck with getting the courts to do anything Xi doesn't want. |
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The first wave of adoption happened in 2013, during the Cyprus crisis, when the EU insisted that bank deposits be confiscated to bail out teh banks. Some people lost everything.
There are loads of dodgy banks in Europe, especially in Italy - so if they have another banking crisis, expect people to switch their money to bitcoin to keep it safe.
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As soon as Silicon Valley started to get excited about cryptocurrency in 2013, and plowed money into start-ups like Coinbase, Bitpay and others, it was clear that the US govt would not ban crypto.
Silicon Valley has a very powerful lobby and they hate the idea of being blocked from future tech. What's more, since the financial crisis, the Silicon Valley lobby has been way stronger than the Wall Street lobby.
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OK, Poloniex has now woken up and released a press release: https://poloniex.com/press-releases/2018.02.26-Poloniex-joins-Circle/We are excited to announce that as of today, February 26, Poloniex will be joining the Circle team and building on our foundations to further scale our platform, grow our global reach, and accelerate the token ecosystem in the months and years ahead.
What happens next?
We're looking forward to joining forces with Circle, and would like to take this opportunity to reassure the Poloniex community that we remain committed to preserving the features and functionality that first drew interest to our platform. Any updates we make in the course of this transition will be behind-the-scenes and focused on strengthening user experience, platform performance, and security. Your funds will remain safe and access to account functionality uninterrupted throughout.
Circle will immediately begin working alongside the Poloniex team to address customer support and expand operations so that we can continue to scale effectively going forward. We recognize that our extraordinary growth these past few years has not come without some growing pains for our users. We look forward to bringing Circle's experience to increase the scalability and reliability of our platform and operations. User experience is paramount. If we aspire to build a token marketplace that will change the fundamentals of global value exchange, we cannot settle for anything less than excellence in our product.
Looking to the future, we are excited to work with Circle to localize our product in more geographies, to explore options for fiat connectivity across major world currencies, and to continue providing our users with access to innovative token projects that extend cryptocurrency protocols to new use cases. Participating in this evolving industry has been an incredible adventure that we've shared with our users, and times are only getting more exciting. Please take a look at this blog post from the Circle team for more thoughts on the acquisition and what lies ahead. |
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Looking forward to seeing the results after six months.
In my experience, no automatic trading bot works long term in the alt space, because alts behave so oddly, there are all the pump and dump teams, the exchanges listing and delisting, the scandals. All of which make the market incredibly hard to predict automatically.
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https://www.bitwala.com/bitwala-bank-account-coming-soon/We are excited to announce that we are building a German online bank account for the blockchain generation, enabling a seamless transition between the crypto and fiat worlds. We aim to introduce the new Bitwala accounts to the world within the next few months.
In the next few months, we will be building a full-fledged German bank account that will come with a German IBAN, BIC along with a real debit card from MasterCard. Bitwala accounts will be fully regulated by The Federal Financial Supervisory Authority of Germany (BaFin) (current application pending), meaning your funds up to €100,000 will be guaranteed, in our case by the deposit guarantee scheme of German banks.
Bitwala accounts will be the perfect solution for those seeking secure and crypto-friendly banking services. We’re hard at work to launch an online bank account that combines all features of traditional banking that you are familiar with an entirely new crypto-first current account.
You will be able to buy and sell cryptocurrencies alongside managing your daily expenses and setting up direct debits.The best of both worlds, all in one place.
The new Bitwala account will come with a debit card that is linked to your account (no more bitcoin prepaid cards!). This means that the balance on your Bitwala account will be immediately available on your Bitwala contactless debit card as well. Having the new card will also mean that you will have much lower fees and higher spending limits. No more top-ups or card loads necessary!
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Let me get this straight...
Steve Wozniak, with a net worth of 100 million $ sold 7 bitcoins online to an unknown guy using a credit card.....
Having trouble even imagining this
He's a trusting guy. He made his millions because he was good at tech and trusted Steve Jobs to run the business. He didn't get there through financial wizardy, but through trusting someone with his tech and trusting they wouldn't rip him off his fair share (and lets face it, he did get ripped off, he should have been worth billions but still ended up with 100 million). |
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according to the following article: https://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/On Monday Circle will announce, as Fortune can confirm for the first time, that it has bought Poloniex, one of the world’s most active cryptocurrency exchanges. A person familiar with the terms of the deal who was not authorized to speak about it tells Fortune that the price tag comes in around $400 million.
The acquisition will instantly make Circle a rising threat to Coinbase, the biggest cryptocurrency exchange in the U.S., as well as Bittrex and Kraken, the runner-ups. Counting contributions from Poloniex, Circle’s revenues over the past three months, excluding February, exceeded $250 million, placing the company on an annual run rate greater than $1 billion. Not bad for a 5-year-old upstart.
With the expansion, Circle is laying the groundwork for a day when cryptocurrencies become pervasive, prices grow less volatile, and the utility of digital tokens goes undisputed. If most of the dozens of exchanges competing today are just places to buy and sell coins, Circle has loftier ambitions: It wants to eventually help consumers turn their trading profits into a Tesla, a mortgage, or a portfolio of blue chips. Circle has ample funds, mainstream investors, sophisticated tech, a new network of customers annexed from Poloniex—and, with some luck, a legitimate chance at building the bank of the next century around crypto-finance. I had a look on Poloniex's website, but there was no announcement - but perhaps they haven't yet woken up in that part of the world. |
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I don't know why the hodling meme spread to altcoins. Only about 1 in a hundred alts will make you any money. Therefore, if they get pumped, and you are in profit, take that profit before the dump happens. At least that way you end up ahead.
If you hold through thick and thin, you will end up a bagholder.
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Well no one claimed that ICOs were magical endeavors and all of them would succeed. They are pretty much no different than other, standard business: If you don't have a working product or are not addressing a specific need, you are not going to make money selling that product. Even if you succeed initially (off of hype or whatever), eventually you will fall down on your face.
The same applies to ICOs, and I'm surprised the ratio of failed ICOs is not higher, to be honest.
The way they were being advertised, I wouldn't be surprised if lots of investors thought they were a sure thing to get rich. You are right that ICOs are no different to other businesses raising money. But the savvy venture capitalists that usually invest in businesses are a world away from the guillble Joe Blogs seeing an ad for an ICO on Facebook or Twitter and thinking this is their ticket to riches. |
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https://economictimes.indiatimes.com/magazines/panache/would-you-believe-this-steve-wozniaks-bitcoins-actually-got-stolen/articleshow/63075377.cmsSteve Wozniak has an inventive mind, so it comes as no surprise that he’s a fan of Bitcoin. The Apple cofounder spoke at the ET GBS about what made him a fan of the cryptocurrency. “Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can’t be altered,” he said.
Unfortunately, all of this doesn’t safeguard Bitcoin from fraud. The American inventor and philanthropist told a full house at the summit how his own Bitcoins got stolen. “The blockchain identifies who has bitcoins… that doesn’t mean there can’t be fraud though. I had seven bitcoins stolen from me through fraud. Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy! And it was from a stolen credit card number so you can never get it back. This is the danger of credit cards. And I believe that this is the reason many banks have banned purchasing bitcoin with credit cards - users scammed them by cancelling the purchase while keeping the coins. If you want to sell, do it on a proper exchange.
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If you haven't sold in to bitcoin yet, just wait for the next rebound.
I am holding my alts as I am more of a long-term investor. I have picked up coins from a very low point like ICX VEN SUB AION so for me to be at a loss it will require the market to crash badly. Yes, I could have doubled up my position by selling them high's and picking up again at a low point. But if you believe in the coin then holding it for long-term helps for maximising gains. Careful. These last six months have been unusual in that all the alts went up substantially. However, if we're in a bear market, they all have further to fall, and alts tend to plunge much more than bitcoin in percentage terms. |
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How to differenciate a dead cat bounce from the end of the correction?
This is exactly my question.
Is there someone with experience in Technical Analyses who can answer this?
Very relevant at this moment!
Cheers an Goodluck to all!
JJ
Trading volume. If the rise up is accompanied by big trading volume, then it's real, there are substantial buyers. If the volume is thin, it just takes a few whales cashing out to send the price downwards again. |
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now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
Those countries will fall behind on a key piece of tech and will be scrambling to catch up in twenty years time. It's a bit like Genetically Modified foods. The EU banned it out of sentiment. But the research coming out now shows it is perfectly safe (they now have 30 years of data) and the Americans are the world leaders in the tech. The Europeans are thinking of unbanning it, but it's too late for their biochemists to catch up. |
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If the legislatures of Arizona and Georgia allow people to pay tax in crypto, then cryptocurrency becomes money.
Anything a govt will accept in lieu of taxes is money. At the moment it's just fiat (they won't let you pay in gold, which makes gold an asset). So if crypto makes the tax breakthrough, it will be huge.
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Store of value?
Or transaction currency?
Or something more, leveraging smart contracts and decentralized infrastructure?
There will be more than one dominant cryptocurrency. Bitcoin = store of value Ethereum = smart contracts Monero = dark net money Another coin (doge, steem?) = currency |
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Not surprised at this. The narrative at the start of December was "I bought in September and doubled my money by November", so of course people were googling the magic internet money that could make you RICH.
The narrative now is "Bitcoin has lost 50% of it's value since December". Now it's teh currency where you can lose money, and all those folks who wanted a sure thing have gone.
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But one of the other big reasons that people seem to gravitate towards crypto is the hatred of big banks. I'm wondering why that is. I use Chase and I never have to pay any fees to wire money, move money around my accounts. Yeah, the bank pays out only tiny bits of interest but I don't feel like I'm getting robbed by these banks in any way. When I need to transfer money, I use PayPal, when I have to buy stuff I use my credit card and I get points for it. I just don't see why this community has this hatred towards big banks so I'd love to understand some of the reasons people have.
Bitcoin started in Jan 2009, when the govt did a huge bailout of the banks. In fact the Genesis block has a copy of the Times Newspaper with the headline "Chancellor on the brink of second bailout of the banks". Lots of people lost their jobs in that crisis, and taxes were hiked everywhere to pay for the bailout while the bankers kept their bonuses. Bitcoin was conceived as a way to by-pass the banks so we would never have to bail them out again. |
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Many people are panicking when the price of the bitcoin is going down. Panicking is the main reason why many people are committing many mistakes. I prefer to you to just hold your coins.
The only people panicking are those who bought in December. But remember many people also sold in December and then bought back in Jan. Those people might have a slight loss on their second bitcoin purchase, but they also have a lot of cash from selling in December. |
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