We know Wall Street traders are getting large Bonuses in January and some of them might invest some of that money into Bitcoin for themselves.
^^ this. the trading volume has been high even with all the slowness that is happening in bitcoin and all the money that has been joining the altcoin pumps. and despite all that and with all the FUD about bitcoin not only this volume didn't drop that much but also the price is holding up pretty nicely. this can simply mean a lot of money is being injected into bitcoin from different sources. would they spread the FUD to keep the price low that way? yes of course. that is how they have always done it.
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i don't exactly have a strategy for any exits. i try to reach a balance. i have invested in buying bitcoin and also earned bitcoin and each month or so specially after a big rise i make a decision to sell some part of it. but i sell as much as it can give me a decent amount of money but also i still have a big amount of bitcoin left.
for example i usually do a 10% sell of my monthly profits. for example if i earned X and made some profit through trading and other things (Y) then i sell 10% of X+Y and keep the rest in cold storage.
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the question is wrong! it should be what altcoins can do to compete with bitcoin. and just thinking they are "more advanced" doesn't make the actually more advanced.
and until i see them in real action handling millions of dollars every hour i am not easily convinced about their superiority. so far a lot of altcoins have been advertised as more advanced and each of them failed terribly in a lot of aspects. and the interesting thing is that each of these altcoins (like what OP is advertising if you look at the time this topic was started) are only advertised when they are getting pumped!
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that is true. the past 20-30 days have been good days for those who have been wishing to get in, to buy bitcoin at a lower price than ATH. and in the same time we have seen enough resistance that proves the buying demand is still there despite all the FUD and the dumping tests that have been performed.
but also true is the fact that altcoins are getting pumped while bitcoin is not yet rising. a good opportunity to use these pumps to increase your money that you want to invest in bitcoin if you are familiar with trading.
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obviously it will be bitcoin again with everything that it has going on for it and all the whales that are currently accumulating it at the bottom prices without anyone noticing and while they are singing the doom song but also i think ripple will take the honor again after a couple of months. i think this year the XRP pump was about 7000% before they released new coins and dumped them so it got dumped hard. and now it is getting dumped hard again. after a couple of months of dumping and reaching low prices they will pump it again. and since it is small and centralized they can always pump it 7000% again.
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the effects of the removal itself are nothing. coinmarketcap.com is a website that lists coins and their stats it is not a place that can affect anything regarding prices or anything like that.
the effects of the news constantly talking about it and creating panic saying "it will fall" or the "fall was because of it" is very different. that is called spreading FUD and that can cause a drop which it already did cause a drop. but it is a drop that would have happened nonetheless. the altcoin dumps are always inevitable.
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It will be going sideways until LN is released.
Devs have been testing it and showing zero fees to buy coffee with bitcoin. If it is released, and turn out to be a success, price will go fast to 50k.
Right now, fees are more than 350k satoshis per kilobyte, for a one-hour confirmation. It's insane, and people would not move their bitcoins to a exchange to sell, nor will buy more, knowing most exchanges will use those same fees. Less sellers decreases the supply, but less buyers decreases the demand, that's why it is going sidelines.
This is indeed a big problem. I have some in a personal wallet that's been safe for a few years just HOLDed. Now I am thinking I could like to move some of it onto an exchange and trade back and forth with Eth for example, and possibly cash some out then buy back in later, etc etc...but the fees put me off - I refuse to pay double digits to move crpyto around when the whole idea was that it should be better than fiat and better than shares. I hope LN comes out soon and works. all my new money is going into ETH LTC XRP etc as you pay barely anything to move it! They have to fix it if they want more big rises. Cutting china out of the mining game may help lower difficulty that is why these altcoins have been getting pumped. because bitcoin fees are high and at the same time these altcoins have been "advertised to have low fees" and they used to have low fees. ETH fees have been rising and they go very high whenever there is some activity on chain like some ICO or like the cryptokitties! LTC fees are also moderately higher than what was promised. and XRP is a centralized token anyways so who cares
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the news is already too old and this is mostly drama and it is mainly caused by the media (news sites) that kept spreading it and made the connection between this removal and the big altcoin dump that was going on which was pretty normal i should add.
these Korean exchanges have been producing fake volume and fake pumping the price. i am actually surprised they didn't remove them sooner. and i am even more surprised seeing them back on coinmarketcap.com again!
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you can create something like that, as there are currently paper wallets changing hands (mostly in form of giveaways to someone) which you can even consider a form of "paper bitcoin" as OP is talking about. but in the end it will be the least secure way and as i said it is mostly used as a giveaway kind of thing. like those people who gave away some bitcoin around Christmas this year to their friends and relatives.
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bitcoin is just money, you can even call it a tool. it doesn't distribute wealth it is wealth. it just happens that people are starting to adopt it more so the price appreciates more and more every day.
rich or poor, if someone has been wise enough to see the potential instead of seeing the FUD then they have become richer. and those who have been idiot enough to listen to an believe the FUD over the reality and the potential have been sitting on the sideline and regretting all this time.
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For the pass five days we have been find indecision in bitcoin pricing and I hope this is to the holders favour! I have started having a little panic as most of us may have the same feeling and I did not expect bitcoin to fall below $13,000 as this is going to push many to loss. What happen next?
Even if the bitcoin price will drop under $13,000 the potential of buying is here which will lead the price to increase more up to +$17,000 and even +$20,000 which could be possible in the next months The Price is still great even if it falls on the $13,000 but the newly investors would sure not like the way bitcoin value goes because they are expecting the new year to be bullish for bitcoin and they are expecting it to be fruitful for them, But in reality they have bought in the wrong crash for the price to dip this far, Well if they could keep a strong belief that bitcoin will go to the $20,000 value this year they would really kept investing in it and seeing this as a great opportunity for them. going to $13000 is not really a drop in my opinion. it is more like a normal thing that is happening anyways. what i see is bitcoin currently testing different price levels. it is $13500 and $15500 as the upper and lower limits. then from time to time during this accumulation it tests them to see how things are. so far whenever it broke the lower limit it jumped back up fast. it also tested the upper limit and jumped back down just as fast. it is a nearly 10% channel that we are stuck in.
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It's unethical for CMC to make a move like that with no pre-announcement. They can easily be purposefully manipulating the market and taking advantage of it (knowing full well ahead of time what their move was going to do to the price short term).
there is nothing (un)ethical about what a website chooses to show or not show. they can say we don't like poloniex so we no longer add their information to our website. and if you don't like that then either use another website similar to coinmarketcap.com or start your own website. and the reason for de-listing them is most probably because of the fake volume and 0 fee trading that some of them have. similar to when they excluded Chinese exchanges. and none of this has anything to do with the altcoin market crash. it was a dump after a pump that caused the crash.
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i believe people in the third world countries actually appreciate bitcoin a lot more than others like people in developed countries. you may see a lot more adoption in the developed countries and a lot of businesses there but there will surely be a lot more users in third world countries who have adopted bitcoin.
for example in countries like India you can see how the people are struggling with their economical state and the government. they have been investing in bitcoin more than anybody else the price over there is showing this clearly.
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I feel like Raiblocks might explode sometime soon.
why are you feeling that? because from where i am standing XRB seems pretty pumped right now. as for investment, both have good potential of rise but maybe not now since they both are already pumped and they are in their after pump period where people still buy and lose money because price is dropping. invest in others while these two consolidate and then come back.
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i am still feeling pretty bullish and i have yet to find a reason for changing my mind. it seems like a pretty solid rise to me so far. and lets not forget that this is the "first week" of the year. we are literary 7 days into 2018, and we shouldn't really be expecting lots of activity in the price despite what is happening.
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What's funny is that the Winklevoss twins challenged Jamie Dimon to short BTC if he truly feels that it's a fraud. It hasn't been done (more than likely due to speculation that it's) because Dimon probably doesn't truly feel that Bitcoin will fail.
what!! that sounds dumb. they have been shorting bitcoin, why do you think he called bitcoin "fraud" in first place? they took their places and got ready for a big dump which he then caused. i wouldn't even be surprised to learn this was a coordinated scheme with some big players in the market. and the actual funny part was when someone proved that their firm had bought bitcoin in that dip
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it is like this because you can only speculate about the price to some extent based on the things you know at any present time. for example in 2014-1-1 you could not have possibly known that big names in mainstream such as CME and NASDAQ are going to even start talking about bitcoin let alone add a bitcoin related market! or the same with Japan and a lot of other things.
all you knew was that adoption is growing and it can go from $900ish by that time to $2000-$3000 in a year based on the previous years and the situation at that time.
same with now. you don't know what will happen in the future. maybe US dollar finally collapses this year and bitcoin goes to $1 million by the end of 2018! it is clear that it will continue to rise with more adoption and it will be at the very least above $40k in my speculation...
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i would mark my calendar because it would be the day that either bitcoin died and price of it fell down to something like $1 or zero even so that ETH could be higher than it. or it would be the day that hell freeze was over.
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people never searched for alternative to bitcoin and even if they did, nobody with half a brain would consider ethereum as that alternative since it is worse than bitcoin when it comes to scaling!
ETH went up because their pumping team was top notch.
as for Waves, i believe that it has a lot of potential. it is a good project. even better than ETH and it is still extremely cheap so it has a lot of room to grow big time.
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i think this bitcoin rise is mostly the "money" coming back to bitcoin after the main altcoin pumps were done. it is not exactly bitcoin coming back. it is however the start of bitcoin's come back. it will initiate the next rally now and will be followed by a big break out and a new ATH soon. feeling pretty bullish right now...
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