Oh look pundi is now 20 X ICO, and due to go on Binance. Whooop whooop X another 20 here we come!

Crypto isnt dead, it just got a case of the man flu and feeling sorry for itself.

Pundi X winning Binance community vote, set for big Binance pump, Xpos starting to be delivered. Time for Lambo racing on the moon

Hmm where are the biggest mining hardware companies based ?

PROOF: Bitmain is selling old hardware as NEW miners!

https://bitcointalk.org/index.php?topic=2244677.0

https://www.reddit.com/r/Bitcoin/comments/7txh2f/sooo_you_guys_are_aware_that_bitmain_is_selling/


How cheap is electric in China ?

http://uk.businessinsider.com/why-china-mines-more-bitcoin-than-any-other-country-2017-12

But by far and away the country where most of this mining is taking place is China for a couple of reasons. One – and the biggest reason of all – is low-cost electricity or free electricity.

China has very cheap coal-based electricity and also a lot of extra hydro-capacity.

So a number of hydro-facilities in provinces like Szechuan were developed in anticipation of new cities coming online to take advantage of this new inexpensive electricity.

However that electricity is idle, it’s not being utilised so many hydro dam operators have gone into the cryptocurrency mining business and I think this is important to keep in mind as we think about the environmental impact of bitcoin.

If that electricity is just going to waste it’s already less of a negative externality for bitcoin to be having this excess hydro-capacity used for bitcoin mining.  


So just these two factors above state that

1 the worlds biggest ASIC manufactures are running thousands of machines prior to selling them as new
2 electric was/is cheap, free plentiful


The Chinese government surely wouldn't be smart enough to have an interest in having a controlling stake in the biigest asset in a new emerging asset class.


Oh and Garlinghouse the CEO of the 3rd biggest cryptocurrency, got to where he is today by being a total dick that does not know what he is talking about. LOL Sarcasm

Wait for the exchanges to start introducing direct fiat to alt coin pairs, then the alts can stand on their own two feet and not be to influenced by the btc price.

OP If you are of a nervous dispositions then virtual currencies are not somewhere you should be looking to invest. Buy some old car or antique and sit safe in the knowledge that it is increasing by a small % every year.

If however you able to deal with risk and have some perspective on the amount you invest, ie you can afford to lose all of what you invest, then jump in.

Bitcoin will go down and it will go up, just like the sun does everyday.  

Price of bitcoin last May was around $2400, currently after a drop its $7,924.89, OP That's a 3 times increase in 12 months,, please show me an investment that has done that in a year and not experienced any drops.

BTC just surged £1000 making main stream news in UK, here comes the first big push, also noticing several ALT coins surging. Hope I have enough seed money invested to get some good gains.

If you ever go walking to the countryside, you will probably see lots of sheep ( at least in the UK) the funny thing about sheep is, that if you are able to scare one then the rest will run blindly with them. Sure you get the odd tough bastard every now and then who will charge at you, but mostly they just follow the herd.

The amount of bad news that has been rolling out daily only points to one possible scenario ( Manipulation ) the most convincing reason for such an orchestrated manipulation is " the wealthy looking to shake out the weak hands " drive the price down and then take the lions share.

In which case the only possible outlook is to remain positive and to build up as much as possible in the fire sales, in 12 months you will look back and think F**K why didn't I buy more. 

As one the Disney songs goes

"Just around the river bend"

RIP lost soul I hope you find peace.

Keep some perspective though, if he built upto 200 what ever he can build up again.

Price is What You Pay, Value is What You Get.

Warren Buffett once said that as an investor it is wise to be “Fearful when others are greedy and greedy when others are fearful.” ... Keep in mind, the price is what you pay, and value is what you get—pay too high a price and returns are decimated.21 Jan 2016

Its never to late to lose money, that said it is never to late to make money, the market looks like shit currently, but I have managed to etch out some small gains over the last couple of months. Looking forward to when the market is rising and then it should be a lot easier to make gains.

Check out technical analysis, candlestick patterns, these skills are transferable to any tradable asset, so can help you invest in any market  at any point in the future. I learned these a couple of years ago while playing with binary options, I didn't lose to much there but the knowledge I gained has 100% been useful when trading cryptos.


Good luck may the force be with you.

Can you guarantee that the big players cannot manipulate the crypto markets, or spread misinformation to reduce price of the market / certain assets?

No problems

Thanks for the pointing in the right direction

https://www.tradingsetupsreview.com/guide-volume-spread-analysis-vsa/

May the force be with You

http://business.financialpost.com/investing/the-secret-trading-strategy-from-the-1930s-that-hedge-funders-dont-want-you-to-know-about


Some of the methods described sound very much like what is happening to BTC and the alts market in general.

It doesnt matter whether we the people cannot see the cashless world, it only matters what the 1% who run the show want. When the Wright brothers talked about flying, most folks would have never have guessed that in less than 100 years there would be 500,000 people in the air at any one time.

Cashless society is coming whether you see it or not. Great news if your already investing in Crypto, as they cannot change the whole monetary system overnight.

The elite controllers have wanted to get ride of cash for a long time, see numerous reports and think tank groups on the need for a cashless society. With blockchain tech every transaction can be recorded and traced, hmm sounds just like something the elites would cook up.

Of course crypto is going to replace cash, to deny that would be like saying " there will never be any machines that are smarter than people " Fellow humans soon we will no longer be the top of the food chain.


Some propaganda from the mainstream media, we all know how they can shape change in markets and peoples thinking


https://www.reuters.com/article/us-global-economy-cash/cashless-society-getting-closer-survey-finds-idUSKBN17S001

http://www.dailymail.co.uk/news/article-5045305/The-cynical-conspiracy-stop-using-cash.html

https://www.theguardian.com/cities/2017/jan/09/rise-cashless-city-contactless-payments-exclusion-cashfree-society

http://www.information-age.com/uk-verge-becoming-cashless-payment-society-123466029/

https://nypost.com/2017/04/26/study-reveals-were-getting-closer-to-a-cashless-society/

https://www.ft.com/content/1accbc00-6199-11e7-8814-0ac7eb84e5f1

Do not think this would be your biggest worry if that scenario came to be.

Surely in order for the price to rise, we need to convince these exact type of people to not sell.

https://www.express.co.uk/finance/city/931467/Bitcoin-price-barclays-ripple-cryptocurrency-exchange-ethereum-BTC-to-USD-XRP-news

8.56am - UPDATE - Barclays links with CoinBase

Barclays has signed a deal with a major bitcoin exchange to simplify the process of deposits and withdrawals for Coinbase’s UK customers, who have previously had to route their transactions through an Estonian bank.

The Financial Times report that San Francisco start-up Coinbase has secured a bank account with the British bank.

The move marks a break from the general trend of mainstream banks avoiding the cryptocurrency industry over price volatility and links to fraud.

8.56am - UPDATE - Barclays links with CoinBase

Barclays has signed a deal with a major bitcoin exchange to simplify the process of deposits and withdrawals for Coinbase’s UK customers, who have previously had to route their transactions through an Estonian bank.

The Financial Times report that San Francisco start-up Coinbase has secured a bank account with the British bank.

The move marks a break from the general trend of mainstream banks avoiding the cryptocurrency industry over price volatility and links to fraud.


https://www.express.co.uk/finance/city/931467/Bitcoin-price-barclays-ripple-cryptocurrency-exchange-ethereum-BTC-to-USD-XRP-news