In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?
Move on. 2017 will not be like 2014. If we reached the lowest price of bitcoin from the year 2014- 1st month of 2016..then 2017 will be the year of getting the new ath of bitcoin. No more drops in price ,it will be stable at 800$ for sure. Please give us your reasons why you think Bitcoin will be stable at $800. Back up your explanation and reasons with facts and not the usual brain farts that are usually spewed by almost everyone in this forum or the whole community for that matter. After your explanation please tell us why we should believe you. |
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well this exchange has no volume, it in fact has a very small percentage of the trading volume in the world. compared to the top volume it only has 2% of that. so my guess is that it is mostly done to attract more customers and increase their volume then introduce more methods to make more money. and even if they don't change their 0 fee policy, remember that Chinese exchanges have been making money for all these years with 0 fee. there are also shady ways  That will make the regulators and the authorities arrest the people behind the exchanges that deal in shady ways. I hope they have enough money saved to get a good lawyer. Or they could opt for the better way and that is to remain anonymous and most importantly honest just like how they run BTCe. They have been honest so far. |
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I made a quick glance in the thread. I want to say that technically you are not really storing Bitcoin locally in your computer. It is all right there in the blockchain. But you do control the "coins" you have by having or knowing the private key to unlock them. Cloudcoin is a closer and a more appropriate name for Bitcoin if you study at it well.
This mean you can access your bitcoin thru your computer directly with the use of software like bitcoin core wallet, or other light wallet like electrum, multibitHD etc. And you can have the wallet that contain the private key and public key to that address in the blockchain. You can also back up those access keys and be able to transfer the control from one computer to another computer. So logically you cannot store your bitcoin in your computer but can gain access and control to it thru desktop applications. . Every Bitcoin wallet contains one or more private keys, which are saved in the wallet file.
The private keys are mathematically related to all Bitcoin addresses generated for the wallet. Yes exactly. But most of the answers here show that most of them are clueless about how Bitcoin works or maybe they do not care. Read the answers right after my post. None of them care. They just say yes and tell you to download a piece of software so that you can "hold" Bitcoins in your computer. |
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I recently watched the documentary and it is really sad that this guy has to stay in jail for something he didn't do.
What are you talking about? He ran silk road and help distribute illicit drugs. He should have know that was the CIA territory. Now he's doing time learning the hard way. Since you put it that way then I agree! Ross Ulbricht should not have gotten involved with their business. He is competing with one of the biggest, wealthiest and ruthless organizations in the world who are also backed by the the people of the United States of America. Ross should have thought twice before starting revolutionary market place for drugs. It doesn't matter anyhow. No one cares and life goes on. Plenty of "silk roads" out there.
Most of them are probably owned by the CIA because it is good business. |
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what the hell are you talking about? imprisonment? since when running a bitcoin exchange has been illegal?
But since when is running a Bitcoin exchange legal too? Everything is in the grey area and there is nothing that will stop the government from slamming your door down and arrest you. Remember Charlie Shrem? I bet you do. He was imprisoned for running and "illegal" payment processor. What stops the people from using Bitcoin exchanges to launder their money? That is another angle law enforcement can look into. With BTCe the owners are safe from any indictment because they are hiding under the shroud of anonymity. |
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Hi, I just became a Senior Member. Please promote me in the campaign just in case there is a spot left.
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Here we go again, another exchange with fake volume. The Chinese exchanges have been doing this and I still do not know how they make money if they have zero fees. Do they trade against their clients and customers? That should not be allowed because exchanges are supposed to be neutral. Manipulation could happen if they are not.
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I made a quick glance in the thread. I want to say that technically you are not really storing Bitcoin locally in your computer. It is all right there in the blockchain. But you do control the "coins" you have by having or knowing the private key to unlock them. Cloudcoin is a closer and a more appropriate name for Bitcoin if you study at it well.
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Nobody gives a fuck, life goes on
Too true!  I don't think it will even create any difference to let him our or not. He's there for a reason anyway. Even if he does go back in the outside world, he'll not make an impact anymore in the bitcoin world even if he tries. I do think he is guilty anyway, he made his mistakes and that's why he ended up in jail. Oh you must trust the government so much you just follow what they impose on you. Why the hell are you here in Bitcoin? Right, to make fiat money. Ok. The world's biggest corporations and governments around the world have made and are making more crimes deliberately all in the name of profit. Always remember that. Ross Ulbricht was an entrepreneur who saw a gap in the market and created one of the most brilliant market places in the history of man. He is an innovator and yet everyone here refuses to acknowledge that. |
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~
Do they? Who are the Russian authorities and regulators going to catch? The owners are anonymous. Where is the business permit of BTCe? Where are their servers located? It is run in the spirit of Bitcoin and no, Kraken is not better and will never be better than BTCe. Period.
they are shamelessly admitting that they will release information of their users to any authority that asks: "if and when it is requested by government agencies that . BTC-e disclose information relating to user activity and/or contact information we will comply." ~As far as I know its servers are physically located in Bulgaria ~
LOL, if it was that easy to find out where they are really located it wouldn't have been based on their servers, instead based on their registered company which is in London. they have another managing company in Cyprus! and they have banks in Russia, and many other places. How do you know that *they* have accounts in Russian banks? I mean how do you know that these accounts are actually registered for the legal entity behind btc-e? I just quickly went through the exchange site itself, and I didn't find any mention of this entity at all! But maybe, I missed it. Anyway, since there are many options for withdrawing rubles which obviously involve bank transfers (e.g. withdrawals to Russian banks such as Alfa Bank, Tinkoff Bank, Russian Standard Bank), they do have accounts opened in these banks but who is behind these accounts remains largely unknown. Maybe, Putin is behind btc-e Many here look like they underestimate the way BTCe is run. The people who run it have already figured everything out. From how to evade the laws and what loop holes to use to avoid imprisonment. They are also protected by the most important item of all, their anonymity. Maybe Satoshi is behind BTCe. |
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52 week challenge? It is what we are already doing right? 99% of the people in this forum are only buying, holding and waiting for Bitcoin to reach $1m so we can all be rich. Why not start a Bitcoin price to $1m challenge. You save all the Bitcoins you get and you will not touch them until the price reaches $1m.
If the challenge is similar to that mentioned by above mate, not to touch the bitcoin till the price reaches $1m none would select this challenge. Bitcoin has the potential to grow but $1m is something like a dream, so everyone needs to hold on. None gets the access to use it forever. You know I was being sarcastic right? I believe English is not your first language since you missed it entirely. I was merely trying to point out what is the use of the 52 week challenge if over 90% of Bitcoin holders do not do anything with it except save and hold them as if waiting for a million dollar pay out? |
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52 week challenge? It is what we are already doing right? 99% of the people in this forum are only buying, holding and waiting for Bitcoin to reach $1m so we can all be rich. Why not start a Bitcoin price to $1m challenge. You save all the Bitcoins you get and you will not touch them until the price reaches $1m.
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I added some btc to Bitfinex but then I heard that it was hacked recently.
Is this exchange still trusted? What are your thoughts?
Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service. somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges. btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange. I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information. So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins? actually it doesn't operate outside of any kind of legal boundaries, it is based in Russia and it will abide by Russian law and if they need to they will come sniffing for their users information and nothing can stop them.and no following the law doesn't mean government is insuring anything about the exchanges. it only means they are following the law and when i say kraken is better than btc-e, it is just my opinion and i am not comparing then based on security or insurance, but mostly based on the type of service they are offering and how they handle their site. Do they? Who are the Russian authorities and regulators going to catch? The owners are anonymous. Where is the business permit of BTCe? Where are their servers located? It is run in the spirit of Bitcoin and no, Kraken is not better and will never be better than BTCe. Period. |
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ok
lets straighten out the details
BANKS cant and wont get involved with something they cannot control.
so forget about banks getting in heavy with bitcoin.
BANKS will make their own chains and tether them to the IMF's hyperledger, to be inline with the laws that suppose to mitigate their risks by having control (yes having control can with bankers greed do the opposite, but they and governments wont let it be greed with no control at all)
PEOPLE eg citizens of india are not BANKS. people can choose to rmain holding fiat and be moved to the hyperledger project without knowledge of the change of how their fiat has changed. or they can choose to use bitcoin.
dont expect BANKS to get into bitcoin. but do expect PEOPLE to get into bitcoin.
How will "blockchain technology" make banks more efficient than they are now? If they think they need a blockchain then should it not work better than their present system? Another question I have is do banks want to share their data with their competitors by adopting a common ledger aka a "blockchain"? Another question is do they also trust each other in maintaining and securing it themselves? |
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Developers that push and market "blockchain" technology to banks and other financial services, and other sectors are either scamming or are scamming themselves into believing that "blockchain" is the future of everything. On the other side the "buyers" of the technology like banks want to be "in" on the lasted technology in which they thought was so great that they just have to have it. They are joining the bandwagon, nothing more. What they fail to realize is that there is only Bitcoin.
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Yeah, a 95% support rate is way too good to be true, and it is going to fail, almost guaranteed. You have to be considering something more like 75% at best, considering how divided the community is on this already.
Not because of community divided. There were no human beign that 95% people like. There are always groups that like someone/something and dislike it. From my experience if 75% of userbase want something, they are right and it should be introduced for the sake of all users even if they disagree. I trully belive that and thats from my experience personally. So 95% is a joke really... no way almost everyone will agree on something, some people just disagree to cause chaos or for fun or from boredom etc. I totally agree with you 95% is a big ask, some people are just there to disrupt things and hinder progress, for me what is happening in case of SegWit is a power tussle between developers and investors who want to have a cut of the pie. Nope, the tussle is between developers and developers. It has been like this with Core vs Classic and Core vs XT and Core against Alt coins. Everyone wants the power and the brag rights, to be in charge of the development of the most powerful Crypto currency in the world. Just imagine your CV if you can pull that off.  It is ALL about the money and the power now.  It is more than having a good CV. It is also politics. Also imagine if the Bitcoin Unlimited people can pull off a hard fork. That would mean that they have hard forked Bitcoin away from the core developers and are now in control of development to an extent. They gain the moral victory. Roger Ver will finally be the CEO of Bitcoin. |
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I added some btc to Bitfinex but then I heard that it was hacked recently.
Is this exchange still trusted? What are your thoughts?
Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service. somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges. btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange. I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information. So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins? |
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It will slowly slide down over the rest of the weekend. People wait for what will happen on Monday in China - so they don't buy now. Then on Monday it'll drop some more - because the trend will weight down. I don't think it will make a lower low - but it is possible if there are indeed new bad news. Then on Tuesday it'll start bouncing back towards 1000 when people will start buying back. With lots of volatility.
Just a speculation.
What is going to happen in China on monday that will effect the price of bitcoin? And if it is going to drop, can it really bounce back that quick within one day? I do not know what will happen on monday but I do not think the price will drop more. It is quite holding steady at above 800. I think this our support level now. It is morning trading hours in China right now and I believe that they are leading the pack in buying back again. Bitcoin's average price in $ is at around $830 and hopefully you are correct that $800 is the new floor. It will be another psychological set back if it will go down back below $600 again. I know it is an opportunity to buy more but I like to see it more to go up. |
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I think the reason for misconception or abstract understanding of BTC is because of the way our mind understand money, some people can differentiate the difference between money and currency. Most people thought money is the same with currency which is not.
People doesn't get bitcoin by these reasons like they are not getting used to it and they only knew one type of currency which is we are mainly using, a fiat currency money. There is no proper information feed to them and some believed that we are only talking a myth here, and they don't vision out bitcoin can turn to reality in their lives and can be profitable extra income for them. Lot of cases here are goes boom because their wallet are getting hacked. If bitcoin have a better security like paypal I think lot of people will use bitcoin. The only people uses bitcoin are the earners and the investors but using bitcoin as a bank is not advisable. I think blockchain and other wallets need to add more security features. For bitcoin became more useful to people here in our country and other countries too.There are a couple of misinformed sentences in your post. What country are you from? The "security of Bitcoin you are referring to is the security of Bitcoin services not Bitcoin itself. There is a difference so please make that clear in your future posts. Do you really believe that if the security of Bitcoin services have become hack proof, there will be widespread use of Bitcoin in your country? Really? What will they use it for and how will it help expand the Bitcoin economy? |
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I am going to make a country specific Cryptocurruncy Pump Group,Can I use bitsane for this?What would be the advantage of using Bitsane than any other exchange for this purpose?
Will it be allowed in the first place?What about some concessions in transaction fee for such a group?
If you are looking for some advantage upon using bitsane then I would say that it is more convenient other than the currencies that you are using. As far as I know if you are going to create your own Pump groups, exchange sites really don't care with it. What matters most is that they are giving the best customer experience to its users.Part of that is to provide good volume for the users of an exchange. I believe most exchanges get market makers and arbitragers to use their site. The more volume they put in the more profit they can make. But Bitsane must make it their first priority to market the site well to get more people to register and use the exchange. This will give incentive to the market makers and arbitragers and in exchange the volume will attract more users. |
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