there are no 'strong support' at this moment because it's been pumped so hard,
just like what people said,
when we're at $17.000 people said that $15.000 was its support.
but it broke that level and went down a bit deeper.
it's all about people point of view.
always do your own research and never believe what people says to you without a solid evidence behind it.
This is an important point. No one really knows how much support is actually at these levels. It's pretty much impossible to know unless you go through buy orders on every exchange, and some exchanges don't even offer that information publicly. I think the reason OP and many others believe the 10k price is a support level because it has held up in the past. Of course, that may be bad logic, but if it's happened multiple times (as in bitcoin dropping below 10k and then bouncing back up), there may be a relationship between the price and a potential support level. |
|
|
|
Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
Generally, I'd say it's a big sell order that triggers downward momentum. Could be a whale cashing out, could be an investor trying to manipulate markets, or it could be just a lot of people withdrawing from bitcoin because they hear some bad news and go into FUD mode. I don't know if there can be anything said about Bitcoin and the first 2 months of the years. They have been low overall, but I don't think correlation means causation. There probably is a reason for the low values every year. This year it could be the rise of altcoins/governments not really getting into crypto. |
|
|
|
"In five years, if you try to use fiat currency, they will laugh at you." I personally think this is a very optimistic opinion(or maybe even TOO optimistic), as I personally really don't see fiat to be dead in a very short timespan such as 5 years. Bitcoin's rise to global adoption won't definitely be a smooth one. There's going to have many bumps/hiccups as remember that we're dealing with a currency here; there's definitely going to be interference from banks and governments. Agreed. Fiat currency has been around for so long. I doubt we'll be seeing it removed in just 5 years. There would be such a huge uproar if this happened because not even a majority of the world's population uses bitcoin. There's no reason to fix something that isn't really broken in the eyes of many people. In general, people are averse to change. If something like the moving forward from fiat currency were to happen, it would definitely take more than 5 years and it would need to be eased into. Not everyone can use a crypto, especially the homeless/needy. How are they even going to access wallets if they don't own technology? There are still a lot of bumps in the pathway there. |
|
|
|
Despite the concern of regulators in all countries, Bitcoin is like a rising star in the financial markets, attracting much attention and curiosity, and continues its strong rise. However, some people may not know yet: what exactly is bitcoin? Why does anyone rush to it? How do ordinary people get and use bitcoin?
People come into Bitcoin because they hear about it all over the place. They see news about the booms, success stories, and about people who have been doing well with BTC trading that they decide it's great to jump into without knowing anything about it. That's the issue here. No one should be getting into Bitcoin without realizing that they have the potential to lose everything. With that said, many of these price rises come right after some good news is spread about the coin. If there's good news, people flock into the coin and try to buy as much as they can because they want to make profits on the rise up. |
|
|
|
So I think this merit mechanism is unfair, because it would allow those legendary or heroic users to profit from the merit mechanisms, and not to upgrade those who can not afford it.
I'm definitely coming from the opposite perspective here, as being here on these forums for a while and finally reaching a high ranking. However, I don't think this system is particularly unfair. Those who have merit will not be selling it; hero and legendary members at this point in time know better than to sell their merit. Even if it is being sold, it ends up being pretty obvious because all you need to do is look at the suspects posts and who merited them. There's nothing about affording here; merit is not a form of money. It's (I guess) just another way of protecting the forum from spammers who are just trying to get into sig campaigns. |
|
|
|
Does anyone think mining was created to boost or save the tech industry in terms of hard goods? I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales. It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?
Eh that's a bit of a stretch, especially because mining Bitcoin was not a new concept during those years. I'm sure that mining Bitcoin goes back to around the 2010's, so when you take that into perspective, it's hard to justify the "saving the tech industry" idea. I do agree though that clearly mining has boosted the gpu sales and it's probably started to push companies towards development much faster than before. Since graphics cards are selling like hotcakes, it makes sense that the company would want to keep making them better and better. |
|
|
|
People get into crypto and they're so afraid to buy dips that I get really confused. I don't understand why you'd get into Bitcoin or any crypto if you're working with money that you don't think you'll lose. Everything is a gamble, all you can do is be safe and maybe enjoy some profits if you're smart enough. Right now is a great time to buy. We're at a low and so are most altcoins. The next time we see a big rise upwards, people will say that they missed out on it, and that's the shame of it all. They don't realize that they could've gotten into the coin if they actually tried to. |
|
|
|
at this moment its not smart to sell below 11400.
it can go lower, but if we get directly breakout to 11555, you wil mis the rise.
Long term investors dont mind short term price adjustment Depends on how long you consider "long" especially in cryptocurrency. If a true long term investor is in Bitcoin right now, he/she was probably in it when it was around 200/300 bucks a piece. That's my definition of long. I've met people who said they were long in crypto but they joined after the major rise last year. For the most part, if you're a long term investor, you're far in the green right now, so I do agree with you that long term investors don't mind the small adjustments, but the other fakes definitely have been the ones starting the drops off with FUD. |
|
|
|
Ethereum and Ripple. The Race for the 2nd (and later, possibly, the 1st place ) So, the number 1 in terms of capitalization among the cryptocurrencies - The Bitcoin - is slowly heading down (its share decreased from 54% to 36%) This is not only due to the reduction of BTCUSD, but also because of the growth of other cryptocurrencies, including BTC’s closest competitors. Ethereum recently lost it’s second place in terms of capitalization to Ripple, which took off. However, today, seeing that the growth of Ripple is exhausted, Ethereum went on the offensive and regained the second place. Along the way, drawing an attractive Buy picture on the charts. In our previous review of Ethereum, we wrote about the figure "Diamond" on the graph. In technical analysis, it is considered a reversal figure. However, today we see that ETHUSD, pushed away from the slow moving average on the daily chart, made a breakthrough and reached a new maximum of $ 890 Now the rate has rolled back on $ 840. However, if the day closes above $ 800 - it will be a record and will give a signal for a medium-term purchase. Recommendation: buy #Ripple #Ethereum #Icex #Analysis #bitcoin #Analysis #icex Chart - https://www.facebook.com/ICEX.CH/photos/a.2118432098183105.1073741825.294213827271617/2211138115579169/?type=3&theaterOur website - www.icex.chI think the price of the Ripple is very strong in recent months following market fluctuations. In the short term I think you should trade Ripple longer, in the long you should hold Ethereum. Both are very good coin in the top 2 in the world market capitalization. I see this as well. As mentioned in this thread, Ripple is a centralized currency. I don't think enough people realize how different it is from a decentralized community. With bitcoin and other decentralized currencies, we have the luxury of staying back knowing that the entire community is a part of the coins. If a government were to get involved with something like Ripple, they could easily add regulations and fines into it. That's pretty dangerous. As of now, I think in the short term, the small price of Ripple is pretty attractive. Right now, I don't think we'll end up with any conflicts between the centralized coin and other sources, so it could be a good investment. However, with ethereum, we have an altcoin that could even outlast Bitcoin (if nothing is done about transaction fees and traffic), making it a strong choice for long-term. |
|
|
|
I am personally a believer in the blockchain technology however will the currency aspect of the tech hold value and become the new way of transacting into the future or will it eventually bust like the .com bubble did? Any educated opinions welcomed.
I'm definitely a believer in blockchain technology. I think the entire system and layout of it brings organization and optimization to many tasks of today. I also, however, do like to compare the crypto markets to the .com boom often. I see it like this: In the 1990's and 2000's people were throwing money at companies and telling them to become as big as Microsoft or Apple. Of course, not every company can perform to this level, so they would end up failing and a burst started. Similarly, people have been throwing their investments into coins that they may not even know enough about. I wouldn't be surprised if some of these coins end up as busts, just as the .com boom ended up. History does repeat itself to an extent. I definitely believe that there are certain coins that have what it takes to survive and that the originality that they bring to the markets is key. We'll see where the technology goes; I doubt EVERY coin is going to survive. |
|
|
|
btc is going to recover today!! 25-01!
afther breakout 11555 we wil go to 12K!
# dont sell in panic
# dont sell in lose
# dont invest all money what you have
BTC Comes always back!
Where is your proof for this claim? I don't see any news that would suddenly force an upward momentum with bitcoin. Sure, it's possible that it just so happens that a lot of people start investing at a given time in the day, but this is highly unlikely. This morning, I woke up to an article titled "Major payment company: “Fewer and fewer use cases” for bitcoin payments." Multiple services have actually stopped accepting bitcoin, and I don't think that's news that would push btc in a positive direction. It's a good time to buy right now, but besides that, I don't see any distinct reason as to why bitcoin would surge up suddenly. Here's a link to the article if you're interested: https://arstechnica.com/tech-policy/2018/01/major-credit-card-processor-stripe-drops-bitcoin-support/ |
|
|
|
Guys i am just wondering what are the risks of investing to Bitcoin and other cryptocurrency to possible intrusion to the system?. Is this system secured enough for investments? Newbie here...
For the most part, the only security issues that I've heard of come from exchanges or services that allow you to buy bitcoin, not the actual coin technology itself. This is pretty amazing considering when bitcoin was created. However, I believe it's pretty important to keep the dangers of using exchanges in mind as well, especially when certain exchanges like Bittrex ghosted people's accounts and such. Other cryptocurrencies can be built on other technologies, which really could be problematic. I don't generally think anyone would make a coin unless they had the intention of scamming in mind, so if you're investing into a large coin, you should be fine. |
|
|
|
I've been watching the price hover around $11k for what seems like an eternity... I'm sure we're all wondering is it going to boom soon or go further bearish? Well I've been researching and once this CME futures contract expires on Jan. 26, 2018 we will see some price action for sure mark my words, what's your opinion will it boom up to around $20k or shoot down to around $8k? I'm bullish, Bitcoin to the moon! At least until it busts, we shall see.
You seem to think a few weeks is a long time when it comes to markets. The stock market takes much longer to exhibit such strong growths and drops as bitcoin, so I think you should cut crypto some slack here just due to the fact that it's pretty fast in comparison to literally every other market out there. I think we'll definitely see a bit of a rise, but I don't know if that will be complemented by a strong correction as well. I wouldn't be surprised if it is, because it seems like the CME futures contract expiry is an event that many people have been waiting for to dump their coins. |
|
|
|
arbitration scheme between exchanger and exchange
Hello
is anyone interested in the arbitration scheme
between the exchanger and the exchange?
Transaction time ~ 15 minutes.
with every 400 $ profit 10-12 $ already with all commissions!
if interested, then write in ps
everything is simple
we get Fiat from the wallet to the exchanger xxx
Change Fiat for coin xxx
we transfer the coin xxx to the stock exchange xxx
We sell a coin for Fiat on the exchange
fiat we deduce from a stock exchange on a purse
from the purse replenish the exchanger
and further in a circle
Contact us at telegram @pleasuremodel
To everyone who is reading this, be careful with this. Arbitrage is already pretty sketchy in terms of trading especially when looked into by crypto exchanges. Furthermore, when you trade via arbitrage, you could end up facing the issues of transaction fees. If the fees start going up soon, then it'll be harder to make money, and it's possible that you'll lose money. Act with caution and remember that nothing comes free, especially not money. |
|
|
|
Transaction fees going down could also mean a bad thing. If the transaction fees are going down, it's possible that fewer people are using bitcoin in day to day transactions. You can probably already tell that this isn't a good thing if you're a proponent of blockchain technology. We need more people using Bitcoin so that the value of it can increase due to increased support of BTC. |
|
|
|
Guys I tried everything to find my account , I can't even fund my account . It's just too hard for Americans to buy cryptocurrency . I can't even send money into any of my accounts to buy bitcoin and it looks like no one on this forum wants to help except for someone that wants me to send money to them to open an account for me . I'm not that stupid
1) I saw your previous post. You're a new member on this forum and the posts can often get lost in the more relevant topics that come up every day. It's not that no one is willing to help you, it's just that sometimes the post gets pushed down. 2) I would say not to use Coinbase. However, if you really want to, you might need to wait longer for the bank verification. People who I know that have verified their info with coinbase said it can take up to a week for the small deposits to come into your account. Don't worry too much about it and just wait. If they don't come, try another exchange. |
|
|
|
Ok, I'm a junior member but been in btc for a long time (in crypto years). I'm currently doing some business in China and HK and over the past few days there have been some very big market movers and shakers that I get to knock around with when I'm here, and they are all speculating the same outcome (which tends to be strange). These guys (whales if you like) almost always say the complete opposite to bluff each other out.. Yesterday was different as I found they all had the same positive thoughts on BTC as the US media keeps dumping all over BTC (as they're paid to do while the banks and fat cats buy up as much as possible). Now LTC (which there is some type of secret about and big joint partnership of some kind) is really what they are most impressed about.. I really wanna Know what the deal is (if anyone can spill the beans?) Anyways, Some have diversified 10% into ETH and some into other alts such as NEO, ADA and OMG.. I was beginning to feel quite negative about the whole crypto scene and truly thinking about selling up.. Until yesterday anyway. All I can say is hold on and look ahead for the future as the Chinese aren't anywhere near out of the game.. They're just smarter (as usual) That's my 2 Sats for the day... Stay positive and trade on Guys and Gals.. Peace!  1) We have no way of knowing if you're who you claim to be. Please back up your claims somehow if you want to be relevant on these forums. 2) No one said the Chinese were out of the game, it's just fact that the government pushed regulations against miners and that's what messed the market up. That has nothing to do with Chinese citizens maybe using Bitcoin to trade or even being in the crypto currency market via other means. 3) No one knows if you actually have contact with whales. Prove it or don't make false claims. |
|
|
|
Can anyone point me in the right direction of a good place to buy cryptocurrency in the UK with the minimum of hassle..? I already know about the bitbargain site but the prices there seem to be a fair bit above market value and I'm having difficulty finding other sites. Is it normal to sell these assets above market price..?
Thanks in advance.
Localbitcoins is probably your best bet if exchanges don't operate around the area. Make sure you use an escrow though! I've heard that people are able to purchase accounts and use them as if their own. I've heard that for the UK in particular, you can use a site called quickbitcoin and if you're looking to trade crypto, just move the BTC over to an exchange and use that as your seed money. I would say coinbase, but in the US, fees are a hassle, and they aren't the best with how your bank account gets linked. |
|
|
|
Could it be possible to create a unique crystalline structure from the Bitcoin key?
This would obviously have to be impervious to reverse engineering.
If this could be done, then it would encroach on the value of gold, which is mostly for cosmetic use.
What would be the point of that? I'm curious as I can't see any at all. Yeah, I don't see any point in this idea. Bitcoin should stay a digital currency. I don't assume that OP means to make a physical diamond out of Bitcoin (?), but if that's true, technically physical bitcoins already exist. They're just the private key of a wallet containing a certain amount of BTC tied to some sort of physical item. |
|
|
|
This truth really struck home as I read this piece by Dr. Steven Englander, a big thinker and expert in currencies and macro-investing who has worked in the Fed, Citi, Lehman Bros., the OECD, etc. At the center of his conclusion that Bitcoin and cryptocurrencies have no real value proposition is that the top Western currencies have no store-of-value problem. True, the US is not Zimbabwe, or Venezuela, but is a bright person like himself not aware that a dollar or pound is worth a small fraction of itself decades to a century ago? Somone else could be forgiven for the oversight, but surely someone of the stature of Dr. Englander should know better. At least when he writes a long and thoughtful piece like this. Which brings me to, really, my pet peeve. We all talk about the technical features of this money or that. Electronic vs. physical. Inflationary or deflationary. Even transactional speed and cost. But truly, the only things that really matter are political. (That is, after a money satisfies the basic requirements, which is not a problem here.) And I'm not even talking about how money affects the distribution of benefits to different political constituents, whether it benefits debtors vs. creditors, etc., etc. That is a good topic for another time. I'm talking about something deeper. Money is political in the truest, most precise, and widest sense of the word. And the political dividing line is not between left and right, but between the top politicians and bankers, and everyone else. Money determines how much goes to the elites and their allies, and how much goes to everyone else. In the service of the political goal of maximizing benefits for the former, all things tend to get distorted. Not only is the economy twisted into producing too many luxuries for the beneficiaries by providing unstable employment to the rest (because, after all, luxuries are bought, or not, at the whims of the lucky.) All the mainstream commentary we hear, somehow, only reflects what the elites want us to think. According to what we now have to call mouth-pieces of the elites, somehow, people always chase bubbles, and always get hurt, because they're irrational, and there's nothing anyone can do about it. Central-bank money creation is *never* a driving factor. No, never. We're living in a lie, and the earlier we wake up to it, the better. What officials and mainstream media and academics tell us must sometimes be dismissed with: it's just politics. I do agree that money is pretty political. In a way, there are whales for bitcoin and they act as the "government." They hold the price and they have the power to change it whenever they want; it just comes from their holding of bitcoin. People do need to wake up from dreams. Cryptocurrency is not a get rich quick idea. It still requires smart investing, and in the worst case, it requires you to stay steady and not give into others; it makes you act on your own beliefs. |
|
|
|
|
Show Posts
