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1  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is this the time to buy Credits? on: April 28, 2018, 11:05:25 PM
In some days time we should start to hear the first reports on the private beta from the more tech savvy individuals who are fortunate enough to participate. If these are positive it will be a big signal and could lead to some FOMO, alternatively if they're negative we could see the opposite occur. The price now does seem to be low and a little oversold. 50c has been a strong base and it's unlikely we won't see a price of over $1 again at some point in the nearer future.
2  Economy / Trading Discussion / Re: Relation or correlation between Bitcoin and alts? on: April 28, 2018, 11:03:06 PM
I'll keep it short. There are, at least to me, two prevailing patterns. Altcoins in general, across the board move in tandem with Bitcoin's fortunes. It's no coincidence that 2017 saw the crypto "boom", all this fueled by Bitcoin's rising prominence. Also no coincidence that alt all time highs coincided in the same period that Bitcoin did.

There are also periods where alts do well while Bitcoin moves sideways, but this is only the alts recovering or gaining back ground while Bitcoin consolidates. This is only after they wither during Bitcoin's downturn. When BTC falls, alts fall harder. When BTC recovers, alts recover quicker.

Yep, overall there's positive correlation. In a short term period all sorts of weird and whacky stuff happens. There are even periods where alts fall because BTC is rising, that's when people panic sell their alts to get their money in to bitcoin.
3  Other / Off-topic / Re: Give a man a fish or teach him how to fish on: April 28, 2018, 11:01:13 PM
Sound advice, there's a lot to be said for the people who have a strong base understanding on cryptocurrency and the technology behind them as well as markets and how they tend to operate. If you can understand all these things you are in a good position to continue to make well grounded and informed decisions. If not you are constantly relying on others for your information and while they may feed you good information for a while, eventually you'll get unlucky and someone will not have prepared the fish properly and you'll get food poisoning.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: May 2018 - start of the bull run or bull trap? on: April 27, 2018, 11:18:52 PM
If May is bullish then April will have been the start of the run, May will just be a continuation of it. I think there will be some attempts by some to reverse the current upward trend and test 6k again but ultimately they'll be in vain. May is traditionally a strong month, June and July are the ones to worry about.
5  Bitcoin / Bitcoin Discussion / Re: There are no coins. Bitcoins actually do not exist!!! on: April 27, 2018, 11:14:48 PM
Just like most people's bank balances don't really exist. Banks aren't just sat on hundreds of billions of dollars for every deposit that people have made.

You're right in saying that bitcoin do not exist in a tangible sense but if you're suggesting this is an issue then I neglect that idea outright. We are moving ever-steadily to a digital world, not just in finance. The approach of bitcoin is superior to traditional payment methods and mintable coins in numerous ways.
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Stellar going to be a top 5 coin? on: April 26, 2018, 10:44:32 PM
It could be, but the question isn't so much of stellar's promise but as to what coin will be replaced in the top 5. Bitcoin, Ethereum and Ripple seem fairly nailed on, EOS seems to be going strong and if they deliver will likely challenge Ethereum for no 2 spot. The most obvious candidate is bitcoin cash but it still seems to have a lot of support in the market.
7  Economy / Economics / Re: Bitcoin price review on: April 26, 2018, 10:41:21 PM
Bitcoin Price Rebounds After Tax season

On Saturday, the Bitcoin price again reached the 9000 U.S. dollars mark. Tom Lee, the major analyst of Fundstar Global Advisors, was not surprised by this fact. In his opinion,  the negative impact on Bitcoin price was caused by the U.S tax season.
Read the full article here:
But after 4 days of resistance today drops lower than $9,000 again and denial begins to take over..

I am waiting for this GREAT ANALYSTS to make good explanation about this preview.

Is this another pump and dump strategies of the whales?or is there another issue that comes out

There has not been 4 days of resistance, it was about half a day at best, the price approached 10k and then a lot of people took profits, then some panic set in and we saw the 10-15% fall. We reached some support and now the price will start climbing again. Probably 10k won't be broken on the 2nd time round, normally it's the 3rd time of asking.
8  Economy / Economics / Re: Bitcoin price review on: April 25, 2018, 10:59:45 PM
I think there's much more to the reversal than just the end of tax season, it surely contributed in some part. I think a large part was that there was shown to be strong resistance around 6k with little appetite to push the price lower. The few weeks we spent there were enough for people to become confident a bottom had been found.
9  Bitcoin / Bitcoin Discussion / Re: Bitcoin sidechains will render altcoins obsolete on: April 25, 2018, 10:57:45 PM
Firstly we're a long way off from this being anything close to a reality, let's have a successful implementation of the LN before we start considering replacing existing alts. I don't think anyway it would replace them, some alts have real uses with great people behind them, you can't replace that.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: victims of hackers on: April 25, 2018, 10:56:15 PM
Sorry you were one of the victims, it seems unlikely that any lost funds will ever be recovered. If the hackers have any sense they'll quickly be disappearing and leaving as little trace as possible. Even if they are caught there's no guarantee that any funds will be recovered.
11  Bitcoin / Bitcoin Discussion / Re: Andreas Antonopolous defends Coinbase's left-leaning socialist govt actions on: April 21, 2018, 09:20:29 PM
No crypto service should be treated like a traditional bank, they are not regulated in the same way that banks are and for that reason your funds are not nearly as safe. There are little safeguards and you should be responsible for your own funds.
12  Economy / Trading Discussion / Re: Don't use margin on: April 21, 2018, 09:19:18 PM
Margin trading is risky and is in no way suited to people who want to hold. The whole hold mentality only exists based on seeing past trends and knowing that bad spells of volatility are likely. Doing that with margin trading is a sure fire way to go broke.
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC up nicely over the past few days. But, BCH....! on: April 21, 2018, 09:16:43 PM
The BCH price going down just because of some Roger Ver interview?Wow,this coin is super centralized and depending solely on his behaviour. Grin What if Roger Ver goes to jail?The BCH price might crash to 0$.
Are you following the market at all, both the price of bitcoin and BCH is up at the moment, i do not follow Roger Ver and i am not even sure who is behind the coin but i do not think the price is depended upon the actions of any single individual. If you are watching the market the price moves up when the price of bitcoin goes up and goes down when there is a correction.

After all,BCH is just an altcoin. 
There is no doubt that BCH is an altcoin.

Ver is behind bitcoin cash and without doubt his actions influence the price. He's as good as the Satoshi of bitcoin cash, except he's still around and relevant. If Satoshi returned and started spouting rubbish would you not expect that to hurt the price of bitcoin?
14  Economy / Speculation / Re: TA on BTC right now on: April 21, 2018, 09:13:41 PM
Love how almost all of these always end on 'either A or B will likely happen next' and they always just happen to be the two options of either side. All this shows is there was some resistance around 8400 because it was hit a few days ago and then again earlier today. Any idiot with eyes can figure that out by looking at a graph.

Welp, that would really be the case. At the end of the day, it's just up or down in the crypto markets, even in the traditional stock markets and bond markets. Right now we've certainly went past the $8500 resistance and are now approaching very closely to $9000, with the current price sitting @ $8850 at the time of this writing. If we managed to break $9000 sooner, I'll expect that we'd be targeting higher highs and retraces here and there. It could already mean a bull reversal is happening but again, it's always between A or B in the cryptomarkets.

I don't disagree with what you're saying, it just always goes along the lines of 'if this positive thing happens it normally indicates a positive outlook' and then vice versa. I'd be intrigued when there's some analysis that says x will happen because of abc, at least then it is making a bold claim with reasoning, even if it is wrong.

I was waiting for some self-proclaimed trading "expert" to give his predictions about the price just by looking at the charts.Is this going to be "dead cat bounce","head and shoulders" or some new weird chart name?
Anyway,I think that such Coindesk posts are made just to get some traffic to the article itself,coming from some newbie traders,who want easy predictions.Traffic+Ad revenue,that`s all.I can`t find any real value in this chart analysis.

I'd like to speculate the opposite as it's actually just some newbies way of using the articles to get posts and potentially look like they're behind this self claimed 'analysis'
15  Economy / Speculation / Re: TA on BTC right now on: April 20, 2018, 10:42:33 PM
Love how almost all of these always end on 'either A or B will likely happen next' and they always just happen to be the two options of either side. All this shows is there was some resistance around 8400 because it was hit a few days ago and then again earlier today. Any idiot with eyes can figure that out by looking at a graph.
16  Bitcoin / Bitcoin Discussion / Re: whether there is phishing in Android apps in the Google Play Store app store. ? on: April 20, 2018, 10:40:42 PM
I myself wouldn't call it phishing purely because they're not trying to replicate some other established site and get your details for that site exactly. But using a shady app to gather common usernames and passwords of people interested in a certain multitude of things most probably happens.
17  Economy / Economics / Re: James Rickards: Trump Will Use the “Nuclear Option” on Trade on: April 20, 2018, 10:38:23 PM
To me this just seems like a political opportunity for the greedy people in power in both countries to protect their crony industries. Also, many of the companies on both sides, like steel manufacturing, seem to be owned by the same groups. It doesn't matter whether they are in China or the US. So they managed to increase steel prices (and profits!) in both countries at the expense of everyone else. And they probably give the politicians a nice vacation on a yacht and a nice donation or whatever. Protectionism is always this way. Just because you call it a "trade war" doesn't mean countries haven't been doing this exact same thing since the dawn of civilization.

That's a very good point, in a loose sense it could be looked at as a high level intelligent version of collusion. It almost reminds me of house of cards in a way. Someone always wants something and you can always use that in a way to manipulate them so both of you are winners.
18  Economy / Economics / Re: James Rickards: Trump Will Use the “Nuclear Option” on Trade on: April 19, 2018, 11:30:22 PM
Everyone knows that China steals intellectual property, various technical innovations or simply copies at its own discretion various techniques. It is on this that China has recently risen in the development of its economy. Perhaps, a tough trade war between the US and China will still happen, Trump can take appropriate appropriate measures in this respect. And how will this affect the crypto currency? Then it is not profitable for China to issue its centralized crypto currency, it will be convenient for the country to hide behind the usual decentralized if the US introduces various trade sanctions.
china is a country with a strong economy, crypto become part of big investors that have been in use china,
crypto will decrease if this country got problem

I think we are past that point. The market doesn't care that much about specific countries, look at india ban or poland insane regulations, it didn't really drag the price down. We have had so much FUD from china since bitcoin started trading that at this point people just do not care.

You're right, the majority of people are far beyond the point of paying too much attention to what China are doing in regards to cryptocurrency because they've shown they are erratic and will backtrack time and again. On China stealing intellectual property, I think in a few decades time it will be the norm and there will be little in the way of regulation to prevent it, the laws are already easily circumvented, so much so that I feel in time they'll cease to exist.
19  Bitcoin / Bitcoin Discussion / Re: Pablo Escobars Brother Says BTC created by CIA W proof on: April 19, 2018, 11:25:57 PM
You think that if the illuminati really existed and wanted to kill off 92% of the population they would make an elaborate decade spanning plan that involved creating a currency to crash the financial system? Sounds like a completely pointless exercise to me.
20  Bitcoin / Bitcoin Discussion / Re: Barclays considering Bitcoin trading desk. on: April 19, 2018, 11:24:03 PM
It's a positive change to see a large bank actually considering integration with bitcoin technology (even if it is an exchange) rather than waging war against it. I guess this will be the first of its kind, and will actually allow the bank to track transactions in bitcoin thus leaving a trail, unlike when people take out a loan to buy BTC and then default.

They have nothing to lose and everything to gain if they would just allow bitcoin to be part of them. Crypto and the new revolution, rather than waging war against it, they should embrace it and I'm sure that they will gain a lot money by having its own trading desk where most of their clients can do crypto currency trades.

First it was JP Morgan, then it was Goldman Sachs, now it is Barclays. The next in what will be an ever increasing list of big financial institutions that disparage crypto before changing their mind and getting involved.

Probably more will follow and I guess we can considering this really a good news for us. Maybe around few years from now, we may see the bitcoin adoption growing to astronomical levels as this big financial institutions are all getting involved.

They have something to lose, it's just that they do not have the foresight to realize that it's inevitable. What they stand to lose is their ever increasing monopoly on online and international payments. However if they embrace Bitcoin like you said, I'm sure that in a number of years the profits they can generate from doing so will outweigh those lost by boosting the legitimacy of bitcoin as a payment option.
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