whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
Given that regulation of bitcoin means that bitcoin exchanges are better managed and licensed by the government then i'm all for it and in my opinion does good for the bitcoin ecosystem. However, we have seen examples where regulation has turned into bans(China). Bitcoin can survive without any government regulation. Bitcoin is a bit like self regulated. The rules of the network is enforced by every single person on the network. |
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Hi All,
BTC has hit 3k, kind of worrying for me as i was thinking of investing last week when it had a big drop but now its gone back up to £3k. I was waiting for the exchanges to close on the 30th so i could possibly buy some BTC when it was cheaper.
What advice would you guys give? Shall i buy some now before it goes even higher or wait for it to drop when the exchanges close?
I know it's a volatile market and no1 knows for certain what will happen.
Neo was around £12, i knew i should have bought some of them too.
A bit disheartened.
Cheers
I think that the most likely thing that is going to happen is that some sort of news will come out either this month or next month causing a temporary panic before the price returns to where it should be and gain some more profits. Buy bitcoin when people are panicking. Right now, bitcoin has essentially risen around 15% in 3 days - there will be some sort of adjustment in price before getting pumped again. |
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The price has been raising uncontrollably since last week !!!
However , Chinese will public their decision of Cryptocurrency on 30/9
Do u think the price may keep raising or decrease ??
BTCChina has already announced that they will be shutting down ages ago. Investors wouldn't panic now, because they have already panicked over the whole situation around a fortnight ago that drove price significantly down. I think that by the end of the month we may actually see an increase in the bull market. This is because when BTCChina actually does close down, people will realise that they are not something that is completely needed in the first place. Chinese traders trade on localbitcoins mainly anyways. |
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This figure is popping up everywhere and seems to make sense.. Classic bubble or bullshit? Are we in a bull trap right now? Your thoughts please! https://goo.gl/images/mbmDwkI personally feel like the price has definitely grown too much in the past 4-5 months to safely call this a bubble. However if the prcie level sustains for long enough, we could potentially "grow out" of this bubble as the floor establishes and price stabilizes. It's hard to say though, because i feel like even if this is a bubble and people know that it is a bubble, they will still pump the price up. I would not be surprised if price goes to something like $5k+ in less than a month if the current bullish trend continues either. However, we could potentially go down to sub-$3000 levels if the bubble pops, which is actually not that bad when compared to the 2013 pop of the bubble. I think that markets have matured enough to not lose 70-80% of btc's value this time round, even when the bubble pops. |
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It seems Tenx pay card is the best possible options in terms of feed. However, you do have to wait for a month to get it since there is huge amount of people going after it.
Does Tenx have an option for people who do not want to identify themselves or is it only available for non-anonymous users only? If it is available for anonymous users then i'm definitely interested considering the recent events with Wavecrest denying access to their cards outside of EU. I'm basically asking the same question as you're asking in the OP. There seems to be a Centra card, but it is super fishy as the minimum amount you can get the card for is 5 ETH, and that is just for the card... Advcash + Wirex seems to be not offering VCCs anymore(if im wrong, correct me). |
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It'll be really interesting to see what happens in the next few months and whether or not you actually make a nice amount of profit from your investment. Looking from it right now, you are definitely going to make a profit. However, investing in cloud mining essentially means that you are sort of gambling on whether bitcoin is going to go up or down. If bitcoin goes down then your profit levels will go significantly down as well due to the fact that your maintenance costs are calculated in USD and your initial investment is also in USD. I'll definitely be following though, this is interesting. |
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See this blogpost: https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/They're giving people two options a) withdraw the bitcoincash and b) sell the BCH for bitcoin. But they're setting a deadline of December 14th 2017. If you haven't withdrawn or sold by then, you lose your bitcoincash coins. I received an email from them this morning as well, it looks like at last they are giving us the opportunity to withdraw our BCH coins when this should have been done at max 2-3 weeks after 1st August when the split happened. They're probably the second last major bitcoin wallet provider(coinbase is last) to allow BCH withdrawals. Not impressed by it at all, but at least tehy are allowing it. |
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I want to start trading on Poloniex again but I want to know if the delays with withdrawals are fixed. I havent seen any new threads complaining about them, so is it safe to assume that everything is safe and good with them?
I'm still hearing some complaints a week ago. Even if complaints stop i would not risk having my coins stuck at poloniex. If you do something wrong, such as getting your account suspended or depositing the wrong coin to the wrong address it's going to be a complete hassle to get your coins back. My point is that, even if withdrawals resume to be fully functional, in case something goes wrong, their support isn't there for you. I wouldn't risk it. |
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An important reason why Amazon won't be accepting Bitcoin anytime soon is because a lot of their sales come through 3rd party sellers.
So, even though Amazon is the sales platform, you're actually buying from an independent seller and Amazon is just handling the order processing (and sometimes fulfillment). This means that individual sellers would have to sign on to accept Bitcoin.
Just managing this process and dealing with all the complaints from sellers who aren't happy with the BTC/USD rate at the time of sale thinking that Amazon screwed them somehow would make this a nightmare for Amazon. Amazon only disburses money to sellers every two weeks, so you could have sellers who sold a product when BTC was at $4,500, but it's at $3,500 by the time it gets disbursed.
The technical implementation wouldn't be as easy as just adding another payment option, so I'd be willing to bet everything I have that they won't be accepting BTC anytime soon.
This is only rumors and it won't come as a surprise if it turned out to be exactly just that - rumors. Sources can be reliable but can also be unreliable. It does seem weird that Amazon would implement bitcoin when they aren't selling the goods themselves but rather only serving as a platform to connect buyers and sellers. But it could still work, and if it was implemented by October it'll offset the negative news from China completely. Then, price has the potential to go to another ATH of $5k+. But it does depend on the legitimacy of the news. |
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Jamie Dimon's attack on bitcoin and China FUD will be a thing of the past and by the end of this month we expect to resume another bullish momentum.The news that Amazon will start to use bitcoin as a mode of payment before the end of this year will definitely going to pump the price. I see bitcoin at $10000 before end of this year, what is your thoughts.
Even though bitcoin is definitely oversold right now(because of Dimon as well as Chinese regulations), i don't think that we will go to $10000 this year. That would be more than 2 times the current ATH, and i don't think that there is enough driving force to make this happen. But breaking the ATH again this year could be possible, before the year ends. As long as some sort of major good media coverage occurs for bitcoin, $6k-7k could be possible. |
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 Hey Speculators, I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this. I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move. In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves. It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop. It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far. However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming. We have the floor at $3500 which is a pretty good support level. This will be the basis of the pump imo. I agree with you, i think that this week by the end of the month we should see some action going on with the price. The resistance currently is at around $4k and i would not be surprised if that resistance is broken, and turns into a new floor. Though it does sort of depend on news from China, whether there are more regulations coming out or not. |
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Personally i keep all major coins off site because if anything happens, then i still have access to these coins and i don't have to depend on bittrex to do their job correctly. The amount of time that i hold my btc/eth/any erc20 token on bittrex is minimal.
However, if it is some coin that only got recently released and there are no light wallets available for it, i tend to just keep it all on bittrex.
It's risky, but it saves time and i don't have that much anyways. Do whatever you like but regard whatever you store on bittrex as gone so you don't get disappointed if anything happens to the coins. You don't hold the coins if you don't have the keys to the address.
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My only big worry about bitcoin:
The Federal Reserve; the people who own the US government(and the mightiest military), have much to loose when bitcoin goes global mainstream.
We are starting to see some possible tactics with recent statements by fraudster fed associate Jamie Dimon.
Asside from turning off the internet what else are these thieving pricks likely to do?
There isn't a whole lot that they can do against bitcoin. As bitcoin is a decentralized ledger there is no point of failure that they can attack. As you said unless they shut down the internet there is really no way of getting every single node to stop operating on the bitcoin network. They absolutely hate bitcoin though and are going to come up with measures to slow or attempt to stop its growth. For instance, shutting down all bitcoin exchanges could be possible. But then, trading could simply move to localbitcoins or other p2p trading sites. |
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BTCC will be no more on September 30th. How do you see this effecting the price?
It definitely won't be positive news for bitcoin but i also doubt that it's going to bring a big dump at all. In fact i see that it'll probably not going to even affect the bitcoin price much, unless the Chinese government decides to put a ban on all bitcoin transactions all of a sudden ( very unlikely). I think that by end of the month we're still at around $3700. Potentially even higher, as we've seen demand for btc under $4k grow over the past few days. |
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which exchanger is better? safer? faster?
bittrex, poloniex, c-cex?
I've used all three exchanges listed here and all of them i've had positive experience with. However, based on the recent flood of complaints regarding poloniex it is no longer the #1 altcoin exchange in the world. Bittrex has taken over in terms of trading volume and customer base. C-cex on the other hand has very little customer base to begin with. So i'd go with bittrex, if you're willing to take a risk of getting your withdrawal held, poloniex is alright i guess. |
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I was browsing around for smaller businesses that accept bitcoin just to see what's out there. Found a few companies that accept it in the UK (e.g. Lush - the soap company) but most recently I really wanted to find some other smaller merchants. List them if you got them. I'm gonna start with the one I found recently: http://www.moonicskincare.com - Korean skincare for moms I think, pretty random choice for bitcoin but it's growing fast in Korea so not surprised. This site has a list of all the restaurants that accept bitcoin as a payment. They all qualify as 'small businesses'. Other than restaurants, there aren't that many "small businesses" that accept bitcoin right now. Maybe a few groceries stores but the rest are all pretty much big corporations such as expedia, dell, etc. Plus, you can basically get whatever you want from anywhere by getting someone else to order something with fiat for you and paying them in btc. There are many platforms for this. |
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Honestly, coinmarketcap is enough for most circumstances. Unless you want to track individual coins with live time trade feeds, then either use coingecko or cryptocompare(personally i prefer the latter since the interface is much nicer).
There is also coincap.io which is owned by the same company as shapeshift. However, no real merits compared to coinmarketcap.
For crypto info i use coindesk. Probably one of the best crypto news services out there. There's also tradingview.com. People can post their opinion about what they think prices are going to go next. But remember, they are opinions and most are biased.
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Hi,
I've invested 25$ in HASHLEAD.COM.
Please Is it a legit site ?
The probabilities are around 99% scam and 1% legit. They've got a calculator(first sign of scam) which allows you to calculate the amount you're guaranteed to earn. Nothing is guaranteed with mining. They've also got nothing else but a geotrust sticker on their site that says they are legit and actually mining bitcoins or altcoins with your investment. Only reason why i'm even giving that 1% to this site is that i know that nothing guaranteed. They could be just running a legit business with a really shady business model and a sketchy promotional scheme. Cloud mining is sketchy in general. I would avoid at all costs. |
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Is there any reason why the btc price is dropping again? Im keep checking the news and i cant find anything which could be the reason of a 200€+ drop in the last day...
Also, it looks like the bitcoin is always dropping fridays / over the weekend?
Has nothing to do with weekends. It's just normal market activity and perhaps a bit of panic selling from traders that believed in the rumors that the Chinese government was going to ban miners and the bitcoin network after they ban the exchanges. It's not a big drop, only like $200 or so. I don't think you should worry about it too much. Price should recover at least to $3800 if not $4000 or more(would require some strong bullish market, though) by the end of the month. |
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For me, the banks for sucks because they tend to control everything, period! The bitcoin is fast, secure, decentralized, gives total control and freedom to the people. Perhaps, you had better experience with traditional banking system way better than bitcoins.  Share with us what you think? thanks  Bitcoin is decentralized, and fair. This is the exact opposite of what banks are doing, which is essentially the exact opposite. Central banks around the world have the ability to create extra currency out of thin air without the consent of the citizens. Bitcoin is backed by hard code, and there is a limit on the amount of coins that can ever exist. This is why i'd choose btc over fiat(issued by a central bank) any day of the week. |
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