BTC is struggling.
ROFL.... less than 10 days of not rising is not called "struggle" it is called correction and eventually accumulation. struggling is when at least for 3 months price is stuck behind some arbitrary resistance and it can not break above it (something like the $220 range) Many people are bullish that it will be strong in 2018.
if people expect bitcoin to rise and if they are bullish then they will act on that speculation, they don't just stay idle by. and that means they will start buying after the holidays ended and price will rise! For those who think that, why do you think that is the case when fees are so high and send times so slow?
because fees are not the only thing that bitcoin offers. and fees are higher temporarily!
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i dont think it is a crime of doing bitcoin in our country but it not confirmed as legal or an illegal in our country
that is impossible! you may have missed the news. as long as there are people in your country who are investing in bitcoin then there must be a law about it somewhere. it may not be exactly set in stone and saying it is legal but be sure that it is discussed and if they have not set any regulations yet then it is legal.
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I have tried in the past to figure out of there is any specific time when the market is most active or the time when most pumps take place. to this day I could not come up with a proper answer. there are too many exceptions that makes it impossible to say what time of day there are more traders and the pumps are most active. I think there are two forces in the market, one over in Chinese region and that time line and another in US and that timeline. most of the pumps occur during their peak of trading so they nearly cover the whole 24 hours of the day.
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I have never used HitBTC but since bittrex is a scam exchange I suggest if you are stuck at choosing between these two exchanges go with the first one, HitBTC.
I myself am currently trading in binance a little and have some small funds in cryptopia and yobit to trade specific coins that I can not find elsewhere and whenever I need to, I transfer some funds around among these exchanges to take advantage of some opportunity.
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believe it or not all of this drama is because bitcoin stopped rising! most people are expecting bitcoin to be rising constantly without even having a correction, let alone some bigger drop and some downtime even if it were at a stable price during an accumulation phase.
thanks for sharing this. at least you had some analysis behind what said... I liked the tutorial links too.
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2017 was mind blowing really. and it is not just because of the price rise that we had in bitcoin and all the altcoin pumps that we have seen. but the main reason for me at least was the fact that a big country, Japan which is a technologically advanced country, adopted bitcoin as a currency.
I never though it would happen this soon and on this scale but it actually happened. now I am waiting for 2018 and the scaling solutions to be seen in action, to see how Lightning Network and second layer in general is going to improve our experience with cryptocurreny. we are in for a nice ride in 2018 with lots of new things.
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the mentality of a lot of bitcoiners have been like this for as long as I can remember. and that is understandable since the price of bitcoin has been rising for as long as I can remember even in 2014 that we had drops the price was on the rise as far as I am concerned! lol.
and bitcoin goes on. it is good to try and tell others as much as we can to make them think about other things than making money. we don't have to change their main mentality as long as we help them see other benefits of bitcoin.
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When BTC drops 50% all other altcoins also losing their value in USD for 50%. If i am mistaken please correct me. I think all altcoins should keep their stable value in USD no matter if BTC goes up or down. This is very strange to me.
it is not exactly same percentage sometimes it is bigger sometimes it is smaller and rarely it is even reverse. but you are correct they get dumped whenever bitcoin price goes down. and I say the main reason is because they are called "altcoins". they are alternative to bitcoin, which makes them not be stand alone projects. and the other main reason is that these altcoins are purely for speculation purposes there are no other usages for them that makes the market move as one. I just want to ask you guys what is your exit strategy from altcoins when BTC corrects in the future for example 50-75%.
if that big a correction ever happened in bitcoin then just go back to fiat! So what is your exit strategy from altcoins if BTC for some reson goes to 0 and everything is paired with BTC?
first I would ask myself why did bitcoin go to zero! almost all the altcoins are forked from bitcoin one way or another. and the rest have at least something in common with bitcoin. the same reason that may cause a fall to 0 in bitcoin will cause the drop to 0 in all the altcoins too! I now there is pairs with USDT also on Bittrex. Is this another option to exit from altcoins if BTC goes really down? I never used USDT before it is a centralized altcoin distributed and controlled by the same company that created bitfinex. it is not wise to use it but sometimes using it temporarily may be useful. it is shady as hell and if anything happened to bitfinex or the company it will drop to 0 in less than 5 minutes.
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when you are talking about arbitrage based on bitcoin price differences in different places, it will always come down to fiat deposits. I have actually checked this out and without an exception whenever there is a huge difference and you think you can make a good profit (for example $2500 difference between bitstamp and yobit these days) the reason is because of the way fiat deposit and withdrawals works. bitstamp has bank transfer but yobit has random stuff with high % fees.
same is true with bitfinex, I am not using it so I can not be sure but I believe they still have the bank problems which means you can not deposit and withdraw fiat with ease.
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... a casino can not just give money away. and the deposit bonus is exactly that. they are giving money away and when you do that, there will be a lot of people who will rush to abuse this free giveaway and bankrupt the casino. so you need to set some rules to prevent people just making a deposit, playing a game or two and going away with their money and reward for good as much as you can.
Yes, or without playing any game. Bonuses have wagering requirements so when you free x amount of bonus it's because you have paid y amount of commissions, being y usually x multiplied n times. The thing is, when you don't have a bonus, you just pay commissions and don't get anything back. that is somewhat my point though. we are talking about a Casino. and that is a business made to make money not to give money to the users. people go to gambling sites, the casinos, ... to "spend" money even if they think they go there to earn money. and in the end even if you win the jackpot you have been losing a lot of times which will negate that one win in total. either due to commissions or sheer total of losses. that is why they make you make more and more bets because they always have the 'edge"...
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I am convinced that this is happening only because of the altcoin pumps, specifically Ripple pump which is currently ongoing. that is attracting a lot of funds out of the market like a big magnet which leads to a bigger and bigger XRP bubble. many will get rich in these 4-5 days before the bubble pops and then the money with its profit will come back to bitcoin.
maybe South Korea thing was a tiny bit of the recent drops but I wouldn't call it the main reason at all.
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not really, LOL.
generally speaking bitcoin is the most attacked thing these days. specially since it is not rising the FUD about it is extremely large. and that is creating a bad (fake but bad) reputation for bitcoin which many may even believe.
as for ETH, it is the most embarrassing cryptocurrency in my opinion, not just because of the hacks and the millions of dollars that were lost by exploiting their software. but mainly because how it was advertised with a lot of false promise. for example it was supposed to be scalable more than bitcoin but we found out it was a lie when it failed multiple times and the fees were even higher than bitcoin at some point.
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These days I am noticing that the price of bitcoin is quitely decreasing..So what can we assume?
it is not really quietly decreasing as you may think! it is the normal fluctuations between two upper and lower price levels. it is like a channel. lowest is $11k and highest has been $16k and until price goes out of either of these two and stays outside, it is not really doing anything. Bitcoin is going towards its end or its a good news for investors...
well if you think a little drop means "going towards the end" then maybe you should sell your bitcoins ASAP and g et out. If so then lets buy lot of bitcoin at risk...may ne in future we suffer from heart attack or we can become mad for becoming such rich..
it is a good time to buy but not the least risky time. you can start buying now for sure but the safest bet is to wait and see which direction bitcoin will go then buy. of course if you have been around for more than a month then you should have bought by then and you would still be in 50% profit even with all the drops!
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fiat! it doesn't get any more obvious than that you have lots of choices: USD, CAD, EUR, CNY, JPY, GBP,.... most of them are pretty stable and you can always go back to one of them if you think there is a drop coming and save your gains and then come back. and when you are talking about coins like LTC, there are lots of fiat markets for them, mostly with USD which you can choose to use in times like this. there is also a cryptocurrency option like fiat available called Tether or USDT but I suggest staying away from it as much as possible, it is not as trusted as it may look like. but it is convenient since it is supposed to be always worth $1.
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"they" or "you" mistook it? it seems like you just shot yourself in the foot, or in other words you FUD yourself the article clearly is talking about litecoin and creator of litecoin, "creator of the world’s fifth-biggest cryptocurrency". the chart in the middle is even saying "Litecoin Rally". on top of it there is 0 mention of Satoshi in the article You are completely confused - I explained how the FUD came to life - someone heard about the Litecoin creator selling all his coins and he thought it was about Bitcoin creator. umm, I don't see the "explanation"! maybe that is why I'm confused with your comment
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the first thing which is mandatory is trust and transparency.
right now most exchanges, specially the biggest ones like poloniex and bittrex are not to be trusted. you can see how bittrex scammed a lot of their users and simply robbed them in broad daylight! this needs to change, regulations can help with this issue so that legal actions can be taken against these exchanges that scam people this easily.
and for exchanging cryptcurrencies the only good option is decentralized exchanges. otherwise no matter how many features you add, in the end the exchange is going to scam and run away. all the good experience is not worth the final scam.
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"they" or "you" mistook it? it seems like you just shot yourself in the foot, or in other words you FUD yourself the article clearly is talking about litecoin and creator of litecoin, "creator of the world’s fifth-biggest cryptocurrency". the chart in the middle is even saying "Litecoin Rally". on top of it there is 0 mention of Satoshi in the article
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Hey guys, I'm not saying that I think bitcoin is going to crash but. This image should be scary to anyone holding BTC. https://imgur.com/a/JhvEafirst of all this picture only shows that the thing you are calling "Crash" has already happened and now it is over. as you can see price is in the process of recovering from that crash and coming back to real price levels of $14000-$15000. and I get that it looks scary if you have never seen something like that. but if you simply pan to the left side of that chart and look at the history a little bit you can see the same exact thing happening over and over. you see this is not the first time price has dropped more than 30% after a major rise! and it won't be the last.
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well this is an ugly truth regarding bitcoin price and its market. it is filled with a lot of newbies who mostly want to get rich overnight so they sign up on places like coinbase for the ease of use to buy hold and dump at the same place. they never even know what they bought and sold! it may as well be some fake numbers on their screen... but this is how it is. there is not much we can do to change it. as long as the market is filled with idiots, it will be easy to spread FUD and make them sell their coins cheap and generally make irrational decisions. knowing that it is How I Learned to Stop Worrying and Love FUD
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Well, just be careful because Bitcoin is not designed to guarantee anonimity. You might be far less covert than you think.
So far bitcoin never reveal any info about its user to anybody because you don't need to register anything, user data leaked only when using bitcoin on other non bitcoin payment merchant. It is super easy because you just download your wallet then put the addrss of your wallet to public, if you use paypal for example then you must first register at paypal with your identity data. you have your bitcoin address in your signature and associated it with your forum profile. and also you have associated it with your project, whatever that might be. now you are visiting bitcointalk, you are leaking your identity like it or not. even when you are using things like VPN or TOR you will be leaking information. which most people don't. so now your identity is linked with your address. anything that you receive in that address and anything you spend it on is now linked to you. bitcoin was never meant to be anonymous.
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