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1441  Bitcoin / Press / Re: [2019-05-06] $7 Trillion Asset Giant Fidelity to Launch Crypto Trading ‘Within.. on: May 06, 2019, 02:21:08 PM
It's not for the first time Fidelity Investments directs its eyes to Bitcoin. During 2016 Fidelity Charitable raised $7 million in BTC, and if they hadn't converted it to USD right away, they could end up with much bigger amount in 2017.

I think that the very fact that one of the biggest asset managers on the planet is launching a crypto trading service "focusing on Bitcoin"(in their own words) is a very good omen.
Back in 2015 Fidelity has also mined 100 or so coins with their own hardware. It really shows that while people are waiting for institutions to enter this market, they have been here all the time.

And them focusing on Bitcoin the first makes the most sense considering it's by far the most secure and liquid coin in this industry. Eventually they will roll out support for Ethereum and some other coins.

Money has always been their main incentive so it wouldn't surprise me if they at some point offer support for the whole top 10 or top 20 of coins ranked based on market cap.
1442  Economy / Economics / Re: Bitcoin is urgent. Argentina is printing free money too on: May 06, 2019, 01:09:58 PM
when a currency is being floated too much into the market, it lose value easily
Too bad the mass doesn't respond to fiat printing until it's too late to act. Investors are familiar with how the current financial system works and consistently outperform the rate of inflation. These people don't suffer.

I am glad that Bitcoin lowered the bar for the average joes because they get more interested in economics too. I got more interested in economics purely because of Bitcoin, otherwise I wouldn't do much better than the average person.

Bitcoin isn't only an anti inflation asset, but also a currency at the same time. You can spend your coins to benefit from the increase in purchasing power throughout the years. What other asset allows you to do that?
1443  Economy / Economics / Re: 2019 Crypto Budget Plan on: May 06, 2019, 10:58:17 AM
The time to switch to more risk-free investments (cash, bonds etc) is when you get married, start a family and buy a house. At that stage you can't afford any risk at all, and all savings needs to go risk-free till your children have grown up.
There is always room for being exposed to risky assets. If you look at how the more traditional investors do it, they just allocate 1-2% of their portfolio to whatever they believe has massive upwards potential.

If you end up losing that 1-2% it's all within an acceptable margin. If your entire 'safe' portfolio loses 1-2% you are basically swallowing a similar loss. As long as you don't go over that 1-2% allocation I don't see any problem here.

Also, how risky is Bitcoin actually if you do a proper fundamental analysis? If something has done extremely well in its first 10 years, it's very likely going to do the same in the next 10 years.
1444  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM malware on: May 06, 2019, 09:06:50 AM
I guess it's pretty obvious that this is just a scam.

So only gullible person will fall for this kind of trap, mean seriously, are you willing to pay $6K for that? How foolish you are if you believed this kind of thing really exist. In the end you could end up double whammy, you lost your $6K and then probably those scammers can hack your machine.
Average joes are foolish enough unfortunately. The risks they are willing to expose themselves to in an attempt to hit jackpot is so big, that they more often than not end up broke.

The overall sentiment when it comes to things related to crypto is that people think that money is so easy to make that you don't even have to break a sweat. The reality is completely different of course, but they find out the hard way.

There are still hundreds or maybe even thousands of people installing Bitcoin doublers hoping that they can generate money out of nothing. This also is a clear indication that people don't know how Bitcoin works....
1445  Economy / Speculation / Re: Bitcoin's price break 5700 USD, is this uptrend or bulltrap? on: May 06, 2019, 07:26:36 AM
I don't see any sign that it is a bulltrap since i've seen a bulltrap before but i don't want to the possibility that it is still a bulltrap. But haven't you guys thought that this is the time of Bitcoin to break again another resistance? I mean, it stays its stable price for almost a month and now it is moving up to another level of stable price.
It's easy to discard the possibility of a bull trap when the price has consistently made higher highs for over a month. The euphoria that comes with it makes people feel overly confident, and that in a bear market is dangerous.

The positive side to this rally is that the real fiat to BTC volumes have actually increased, and that's something we haven't seen in a very long time. All we saw before was fake volumes increase rapidly, but that changed now.

I find it a good move from Coinmarketcap to remove exchanges reporting fake volumes. Currently they're going after the most obvious volume faking exchanges, but for now that's a decent enough first step in the right direction.
1446  Economy / Speculation / Re: How far bitcoin will it go this time and why? on: May 05, 2019, 10:03:06 PM
Lots of FOMO happened lately since the price started to grow it is easily pulled down again i guess nobody wants to get left behind.
I'm not sure if we actually have seen a lot of fomo as you put it. I am quite sure that a lot people have been of believe that the price would tank rather than go up, where the first stage is to wait for the price to go down.

The second stage (also the last stage) is seeing the price break through a very important price level, which in this case will be the $6000 mark. If we manage to break $6000 we can expect people to fomo into the market for real.

It would be a total shocker if we have a fakeout over $6000 where fomo buyers will end up being left with very expensive bags. That's why I prefer to see a daily candle close above the $6000 mark first.
1447  Economy / Trading Discussion / Re: [VIDEO] - Bitcoin Ready To Explode Above $6,000 ? on: May 05, 2019, 09:37:58 PM
It's just a matter of time before we are past 6k and i believe once we are above 6K. The 10K target will just look so easy to achieve.
I wish it was that easy. Currently it seems soo easy to hop from $5700 to $6000 but this $300 gap will turn out to be more of an obstacle than most people think. I just can't see it break this easily.

What functioned as major support last year will very likely turn out to be a major resistance level this year, because in every market support levels become resistance levels once broken (and vice versa).  

I can be wrong of course, and will not mind it since I have accumulated spot well below current levels, but we shouldn't forget that we're technically still in an overall bear market.
1448  Bitcoin / Press / Re: [05-03-2019] Bitcoin Jumps 4% to New 2019 High Boosted by $20,000 Trigger Indica on: May 05, 2019, 03:04:36 PM
It's interesting how most people were predicting that usdt news will be followed by a selloff and it didn't happen. For some time now I've been saying that bitcoin usually does the opposite of what the majority expects it to do. It seems that instead of exiting crypto and tether to fiat people bought more BTC. As a holder, I couldn't be more happy about it.
Tether messing up should actually make the price go down, so from there it's not entirely surprising that people think it will. The fact that it doesn't happen hints at a market that seems to be ok with them being shady.

I think the momentum right now is so strong, that it's unlikely to experience a major selloff. A simple 5-10% correction is all that we can expect, and we already got it before we made another yearly high this week.

Bitfinex has seen its Bitcoin and Ethereum cold wallets decrease significantly in the last few weeks. I really hope that people won't be making the same mistake again and deposit coins once drama starts fading.
1449  Bitcoin / Press / Re: [2019-05-05] Warren Buffett Calls Bitcoin A Gambling Device on: May 05, 2019, 02:15:38 PM
People like him are past, and he will soon perish same as his buddy Jack Bogle who say : "bitcoin should be avoided like the plague".
He couldn't care less about anyone's opinion here, and it's not that he's missing out on a life changing opportunity by ignoring Bitcoin. The only thing you can blame him for is speaking out against something he sees no value in.

Buffett also trashes gold, so it's not that he's solely against Bitcoin. It doesn't produce anything for him, neither for any of us here. By hodling and screaming Bitcoin is life changing we can only hope that the price goes up.
1450  Economy / Service Discussion / Re: Looking for free token listing exchanges on: May 05, 2019, 08:22:22 AM
You are wrong, there are many old and trusted exchange sites which list coin/tokens for free. What they check is the type of project and future of the project. For example Bittrex you can check more of them here.
How is he wrong? OP is asking to have a token listed on an exchange for free. Chances are that this token won't ever appeal to the more reputable exchanges to list it based on fundamentals and user demand.

Also, we don't know for sure if Bittrex isn't accepting payments for listings. They just want to make it look like they are doing the ecosystem a favor by not accepting payments.

If you think about it, exchanges are profit oriented businesses and not charities. It would legit surprise me if they didn't still accept payments for listings behind the scenes. What people don't know can't bother them. Wink
1451  Economy / Economics / Re: Asset multiples at highest since two previous global crashes on: May 04, 2019, 11:58:16 PM
I don't think there is anyone that is here with the purpose of not making money, anyone here has it in mind that they are here to make money and that's how it is.
The majority of the people here do yeah, but there are also a lot who use the speculative nature to increase their Bitcoin holdings and not so much their fiat holdings. Trading altcoins is part of that process too, and big time so.

Overall, it's safe to say that everything comes down to value appreciation of Bitcoin, regardless of what you're doing. If no one believed the price would increase we would be utilizing our time and fiat much differently.

I don't mind going through Bitcoin's cycles at all with how this is part of the revolution we're experiencing as we speak. It doesn't happen all that often where we witness the emergence of a new and disruptive asset class. Enjoy it.
1452  Economy / Economics / Re: New recession is around the corner on: May 04, 2019, 11:42:29 PM
Hopefully it would hit a price of $1M and John McAfee will not have to eat his pecker.
John McAfee is a drug addict. What do drug addicts usually have in common? Right, they are pathological liars. He will pretend to not have made that prediction, just like how he pretended to not have made a $78k 2018 prediction.

People for once need to stop giving these idiots attention, because that's exactly what they are after with such silly predictions. We're way better off in crypto without people (ahum, liars and scammers) like John McAfee.

Aren't several authorities looking to arrest him for non crypto related crimes?
1453  Economy / Speculation / Re: Bitcoin's price break 5700 USD, is this uptrend or bulltrap? on: May 04, 2019, 11:11:08 PM
Traders will only make money if you can take the risk to buy when and uptrend has began like the current happening.
Since when do traders care much about the direction of the market? It doesn't really matter what the direction is as long as there is a decent level of volatility, and we had that for like a whole month now.

Also, the uptrend you're referring to started after the price found its bottom last year. Right now it's waiting for the price to make its first real attempt to break the $6000 mark, and from there we will figure out what the next move is.

IIRC the hyperwave squad wanted to bet 1.5BTC that the price would reach $1500 before $6500. With how the price is going up I'm sure that they are happy that no one (that I am aware of) accepted the bet.
1454  Economy / Speculation / Re: Bitcoin completed the Golden Cross. What next? on: May 04, 2019, 10:28:35 PM
I don't know. I still have a lot of resistance towards the idea of another parabolic rise in 2020, much less this year. But you can't discredit the power of momentum I guess. All I want is a more sustainable high when it comes. I fear if we rise too fast, the fall will be swifter, more painful, and more prolonged.
Well, if you're just hodling not much will change considering that you are only interested in the very long term. Short term speaking, the current market offers a decent trading opportunity for those looking to exploit it.

I am quite sure that we aren't ready yet for a +$6000 move. I don't mind being proven wrong despite my short position, but we have seen these rises before, and they never ended well for those chasing moon levels.

Something that we also have to take into consideration is the fact that most people aren't confident in a $6000 break, so based on that it would be a sweet counter move if it did turn out to break $6000.
1455  Bitcoin / Press / Re: [05-03-2019] 68% of global Millionaires already invested or are planning to inve on: May 04, 2019, 09:34:59 PM
i'm curious how many have actually invested vs those who plan to invest. talk is cheap! Smiley
I guess we won't be finding that out any time soon, especially with how investing in Bitcoin is still somewhat of a taboo subject matter among the more traditional minded investors. It really shouldn't be, but it's the reality.

Investing in Bitcoin hasn't been something to be proud of last year. Dip buyers were turned into a meme where trolls and nocoiners had the best time of their life making fun of people who did invest in Bitcoin

It's more likely the more traditional investors have a small but noteworthy exposure to it in secret. If it turns out to be a rubbish investment, no one around them will know about it. If they make big profits they'll happily share it afterwards.
1456  Bitcoin / Press / Re: [2019-05-04] Whale Moves $230 Million for 57 Cents Using Bitcoin on: May 04, 2019, 07:03:48 PM
There doesn't seem to be much logic in this move. It isn't split in smaller fractions for security purposes, there were no forks to unload, and I doubt this bull whale has sold his coins at once through an OTC deal.

The most probable reason likely is that he sent his coins to an address generated in a much more secure way. Good bit of free advertising for bitcointalk though. This is being picked up even by local crypto news sites here.
1457  Economy / Speculation / Re: With Bitcoin roaring to the North, any hope for waiters of $1800 bottom? on: May 03, 2019, 11:00:10 PM
$1800 is a price I always found to be an unlikely target, even when we were below the $4000 mark. The sudden shift in sentiment is what keeps me short term bearish. I'll turn bullish when we have a weekly close above $6000.

Also, people "waiting" for a certain price will continue to wait even if the price hits their target on the down side, because they then believe it will go down much further. These people will end up fomo buying at way higher levels.

These are probably also the people who said that they would do anything for an opportunity to buy Bitcoin below $10k during the bull run. I'm also sure that they have very little capital to allocate to Bitcoin. Dreamers they are.
1458  Economy / Speculation / Re: Chain Reaction? on: May 03, 2019, 09:35:27 PM
Yes there was a bottom in December. Hash rate decrease a month latter confirmed it. It happened same in 2012 and 2015.
Hashrate didn't confirm anything. Hashrate is just people voting with their machines that they think the price will go up or down. The price could have easily gone down further, which would have forced some miners to quit.

Last year people were so confident that miners needed $6000 to mine profitably, that they legit believed that the price couldn't drop below the $6000 mark. The market has spoken afterwards. People couldn't be more wrong.

Difficulty adjustments are in place to make mining profitable again with less hashrate, which is something people completely disregarded. At the end of the day, traders/investors make the price, not the miners....
1459  Economy / Economics / Re: Asset multiples at highest since two previous global crashes on: May 03, 2019, 03:00:25 PM
I am sure that wherever satoshi is by now, he will be angry with all these people who are making Bitcoin look like a bubble, because the intention of the creation of cryptocurrency has already been shifted,  the senseless whales saying rubbish are the major cause why it looks like a bubble to some of you.
Bitcoin's network has grown stronger than ever before because of that, and people more than ever before are motivated to build on top of Bitcoin. Believe it or not, the bubbles we go through are a necessity.

During boring times there is less development going on, less new money entering this system, and more businesses as result of that are forced to sack a part of their employees.

I don't think satoshi is angry at all. If he's still alive, he can make his coins speak for him by dumping the price down. Considering that he's not doing so, it's very likely an indication that he likes being a multi Bitcoin billionaire.
1460  Economy / Economics / Re: Russia to replace USD reserves with Bitcoin on: May 03, 2019, 01:54:42 PM
Bitcoin will never be stable.
Stable enough is good enough. What currency or asset in the world is stable? It's all relative in the end. 10% Bitcoin down movement = $10 billion. 1% gold down movement = $75 billion. Who suffers more from the volatility?

Russia will not invest the money in bitcoin.This is contrary to the country's strategy.
I don't think anyone here has even a slight clue about what Russia's 'strategy' really is. Almost everything you see in the news and read about is propaganda. Russia has its own agenda, and they will do whatever they think is necessary.

If secretly buying Bitcoin is part of that, they will. If secretly buying more gold is part of that, they will. I prefer to wait for actual events to take place because actions speak louder than words
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