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This is interesting. Is the bot profitable or do you think it can be profitable than a buy and hold type of trading strategy? Sometimes I think the more active a person is in trading the more chances of him losing his money. For a bot to do this I think those chances are magnified.
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Time to wait. There is a high chance that bitcoin will still drop down so save your money and look for bargain prices. Do not get overly excited in the fluctuations of the price because it could be a bull trap.
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When a bunch of white guys want to run their business out of Hong Kong you know somethings fishy.
Like Karpeles' set up when he ran MtGox. You have a point, maybe they were trying to circumvent some laws and regulations from their own country so that they could start operations more quickly. There is news that Bitfinex really does not have a license to operate. That should be a big warning to everyone and we should all avoid that site. |
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Large groups of well paid, organized, funded professionals with clear objectives and good management - (like R3, hyperledger, ethereum, others) are sure making those Core programmers look like the silly little whiny bitches that they are. Core is going NOWHERE and getting there pretty damn fast. Meanwhile, very sophisticated advance is being done every day in other part of crypto/blockchain.
This is 100% the end of bitcoin as we know it. Good thing too. This 'open source', 'no leadership', 'no organization' thing was always a load of bullshit.
Fast forward to today. Bitcoin price during time of quoted post is $420. Price of bitcoin now is $583. It is not dead and still a lot of people are using it in different ways. |
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This thread has gone way past out of line. All the suggestions are the same and some of them do not help the OP. Maybe some concrete suggestions are needed. There are a lot of micro jobs at the Market Place. It would be best to point people there to post their offerings for their services.
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Am I the only one that think bitcoin will reach $500 within the next two months?
For fun, maybe you should ask this again. But this time in reverse.  There is a possibility for it to happen as we have seen in the movement of bitcoin in the past. Anything can happen. |
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If you bought below $500 when the flash dump happened then that is a really good buy. That is a level where there will be a lot of buying occurring if it goes down there again. The whales and the traders are waiting for a much better price to make long term positions so the lower the entry price the better. Right now there's no more pumps happening because people are doing some bargain hunting. Going above $600 could happen again but it will not stay there for long. Down to $550 is possible. Maybe even lower.
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With 0.30 bitcoins per month you can make a decent living in poor countries or like they call them third world countries. Cambodia and alikes you can make a very nice monthly living with only 0.30 bitcoins per month. Not that hard to make it if you are for example in a very good signature campaign like Bit-x for example. Also in other high paying signatures like mine or like those who pay 0.05 btc per week. Even with 0.25 bitcoins per month you can live a very comfortable life there in Cambodia. So yes it is possible but only in certain countries. Beside that bitcoin can be earned in many ways and not exclusive only to signature campaigns.
And this is the reason why we have so much low effort posts and topics everywhere. Some guys from third world countries realized they can create multiple accounts and enroll in many signature campaigns to earn 0.3 BTC per month and even more later. Would be great if more employers discovered Bitcoin and started hiring people from third world countries to do useful jobs. This would help people from countries that are out of reach of PayPal, Visa and Payoneer. This is my thought exactly. Bitcoin should catch on to employers who outsource their jobs to the labor forces in Asia. This would mostly mean India since it is the no.1 country where outsourcing companies set up their offices. Bitcoin would make a good example of a use case that bypasses banks and other payment processors saving those companies the hassle and the from the fees incurred in doing transactions thru traditional means. |
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Just floating the idea of spreading the pain around to the customers was enough for me to say goodbye to this exchange.
Its to bad they made something public that they really should not have been pondering in the first place.
there are not many like you. anyway, in the mean time, Bitfinex owner has a lot of "work"   Is that the owner of Bitfinex? I expected him to be Chinese since the exchange offices are located in HK. Is there a page in the Bitfinex website that shows who the people behind it are? That would be nice to post for all the people to know. |
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Haha. Sure. I will believe it when I see it. Politicians tend to make a lot of promises during the campaign period and then they would break them when they have already won. If she keeps her word then I hope she will not bring more regulations that will impede the technology's growth and development. |
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I am wondering how big is the blockchain by 2026 and if it is still feasible to maintain a full node even with development in computer hardware. Bitcoin could be semi centralized by then or dead.
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The problem is not the panic selling and the huge dump. The problem is there is no more buying happening anymore before the hack on Bitfinex occurred. I said before that I expected this to be under $600 and stay there until the end of the year. But I expected it to go under $600 around the end of August. So I guess we might see this go up above $600 for a while due to speculations but then go back down and stay there. Many of you will be discouraged by this and that will cause further dumping.
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How do the big corps feel about bitcoin? How will they feel about bitcoin? We know they are intrigued by the underlying technology of bitcoin, the blockchain. Please back up your claims.
Well most of them think it is just a fad from what we are seeing. No one really picked it up after the bitcoin bubble popped. But some do see the merits and benefits of blockchains for their internal use cases. But bitcoin itself remains an outsider and an "exotic" investment of sorts. |
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@CryptoGambleh The 'cache' in Bitcache solves the problem. It eliminates all blockchain limitations. Wait for it :-) I am very curious about this. Can anyone here explain or theorize what he will really be doing here? It would be nice to be enlightened by the more clever bitcoiners. |
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A bunch of tweets he made in the last few hours :  He is planning to use bitcoin so it is natural for him to hype his project. In my opinion he doesn't really care if it will reach $2000 or not. But the fact that bitcoin cannot be censored and can be used for his anti establishment stance, then it is good enough for him. |
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yeah i am sure bitcoin will soon get this facility that bitcoin can be deposit in bank in the future, then people will need to convert their bitcoin to fiat for direct shopping.
I don't think so, about that. because it looks like impossible for the bank to giving a facility for bitcoin. because bitcoin is made for a secondary currency for the 2nd world like digital world. You do not need a bank to store your coins. You should full control of your money. But I am sure that bank-like services should be created in order to find better use for bitcoins to help society as a whole. One example is a peer to peer loaning site. |
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It's BTC-E so dodgy things happen. Be sensible and avoid it.
I have no problems with all my transactions and trades with them. My opinion is they are one of the safest and trustworthy operators around. Look at what happened to a high profile exchange like Bitfinex. I will not be surprised if it was an inside job. |
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I was just wondering how Ross Ulbricht is and if there are any updates in his case. I think it is overkill what the American government did/is doing to him. There are far more ruthless criminals that should be put to jail. One example is the banksters who caused the 2008 financial crisis. They should go to prison, instead they were bailed out by the American government. That is funny.
Free Ross.
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Bitfinex is dictating the entire market right now. It will be interesting to see how the market will react as soon as Bitfinex opens up again for trading.
For the average Joe these kind of heavy fluctuations are indeed killing, while for the more experienced Bitcoiners it's not much to worry about as we have seen this happen before.
Yes I have noticed several experienced bitcoiners welcoming the fall and seeing it to buy more bitcoins. Then I looked at the max chart and indeed it is true. the quick 1 day drops were followed by slow recoveries like what is happening right now. But I still see bitcoin could still go back down and by under $600 by then end of the year. It needs to accumulation for now. |
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So i was reading an article about someone who got robbed when he tried to buy in person 28000$ of Bitcoin http://www.coindesk.com/florida-bitcoin-sale-knifepoint-robbery/Personally i avoid dealings like this cause it is not easy to trust a random stranger. How about you?do you buy or sell bitcoins in person?If yes have you ever had any bad experiences? Only sell to people you can trust when the amount is already really high. What do you expect from the random people you transact with online? Some of them might be criminals looking for their next prey. We have a lot of those on the bitcoin scene. |
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