For me, it is also a good idea to hold bitcoin right now or maybe you can buy bitcoin today before it gets too late, I think this is the perfect time since bitcoin price go down and we can invest bitcoin today so we can gain profit in the future.
Hmm... are you sure that? The chance to buy Bitcoin with best bottom is gone and now, all traders are waiting the moves of Bitcoin on the market. Only small moves like bearish trend starts will make the price of Bitcoin continue fall down.  You may make small profits by trading, but you risk losing out on the big price movements. People who thought that $2000 was the peak misses out on the move to $5000. And now the might never get an opportunity to buy below $3k. |
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It is inevitable that the quant guys echo what their boss says. Their job is at stake if they say anything else! But he has chosen the weakest argument of it being a pyramid scheme to attack it.
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Ha ha. They have a very good idea about how Bitcoin works and how banks work. It is in their interest to keep up the fud and scare common people away from Bitcoin. I see no other reason why statements like this should be made. That guy is just looking for some attention and since Bitcoin is relatively new any statement like that and when coming from a trader of a good bank will certainly attract some space and attention. But the big question is this: How authoritative he is on Bitcoin? It has been a fashionable these days to talk about Bitcoin and then say anything about it even if the knowledge the person got is just some dust lying around (and ready to be blown away). We should be listening with people who got the knowledge and the expertise on Bitcoin and not just another guy waving his hands as if lacking some attention. Now, that he got the attention he needed, I am sure it is time for him to just shut up and do whatever job assigned to him. Not even the whole of China can stop Bitcoin...that we should remember and this guy is just nothing. This is not a personal attack though since I was not privileged to know him on that level. Jamie Dimon is big in the world of finance. He doesn't need to trash talk Bitcoin and grab the headlines. He has also sounded a warning to his employees. They would be fired if they got involved in trading Bitcoin, not just because it is against the rules but because they are stupid. |
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Ha ha. They have a very good idea about how Bitcoin works and how banks work. It is in their interest to keep up the fud and scare common people away from Bitcoin. I see no other reason why statements like this should be made. |
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As long as they stick to highlighting the risks, I don't think the ICO developers will have a problem. Investors are anyway taking a big gamble by investing in ICOs and hope for bumper profits when the tokens start trading. |
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I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year
look bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or may be it takes less then 3 months, we never know. you use the word "may be", i think that is not appropriate at this point because right bitcoin is at the point were no one can predict its value, its fluctuation always surprise the traders and so do other bitcoin holders.so it depend on fortune of its users. You might be surprised by the price movements in the short-term, with the price moving up and down rapidly based on the latest news reports and rumours. But in the long term, I am not surprised that Bitcoin has appreciated considerably in value. |
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How can they use bitcoins to buy stuff? There are 2 aspects of every transaction, the monetary part and the transfer of physical goods. Even if North Korea pays using bitcoins, the world will be watching for the transfer of goods into the country. With sanctions in place, that is going to be tough.
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Rumours of action by China have been doing the rounds for some days now. After the action against ICOs, there have been no official announcements. Now rumour mongers seem to be using the name of China to strengthen their positions.
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More and more and more actors from the NYC agreement are dropping like flies. Now we have BTCC out of the agreement. Along with f2pool, this is a big chunk of hashrate that segwit2x lost. Bitfury will also potentially not be mining segwit2x. This would be the nail in the coffin, not even considering Bitcoin Core 0.15 is comming out soon which everyone will upgrade to.
With segwit2x out of the picture, we can hit $10,000 easily during 2018, so hold on to your coins and stop falling for the government ban nonsense.
2x is the only reason why Segwit got implemented. Otherwise, it was taking forever for Segwit to get "consensus". Right now, transaction fees have moderated and nobody seems to be worried. It is only a matter of time before talk about increasing capacity and talks of a fork start coming up again. |
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He admits that he might be mistaken about Bitcoin, but he is still not going to invest in it. I think the tremendous backlash he received from Bitcoin believers might have led him to change his stance. His change in mindset really shouldn't be making news.
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I just wake up with a price of near $4000, testing again the previous near $4000 resistance, so it double bottomed and now seems to be going up again, hopefully this is the last time it bounces back to $4000.
Is this the aftermath of the same fake chinese news? but who the hell didn't see that the news are fake yet?
It was a fake rumour. The news reported quoted confidential sources as saying that all cryptocurrency exchanges would be shut. People thought it would probably be false news, but still didn't want to take a chance. When some people started selling, others joined in and we went down all the way to $4000. |
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need an understanding in looking at what you write about the power of China that I do not feel.
this is really a very unimportant rumor.
The markets don't think so. Look at the way the price has tanked. We are almost 20% down from the peak and the cause is nothing but Chinese rumours. If this is the effect of Chinese rumours, think what will happen if China actually takes action. |
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Can you have insider trading in unregulated markets? The power to prosecute traders who act on inside information, will be derived from some law. If that law is not broad enough, crypto traders might get away with trading on inside information.
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If cryptocurrencies threaten the role of a central bank, it is because the free market believes that the central banks are not doing a good job. We would all stick to digital fiat, governed by central banks, if it were a good implementation of money.
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if in my opinion better keep your money in bank safer. if you are afraid of taxable for what has a lot of money. as a good citizen you have to pay tax on wealth owned. not so friends?
He is talking about his cryptocurrencies, not money. So the point is to store the private keys safely. People pay taxes on their income, not on money/wealth. So why unnecessarily drag in the 'good citizen' bit? |
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Did you turn lucky or does this even happen in the real world? I first thought it could be something related to child-pays-for-parent, but that doesn't seem to be the case here. Both outputs are unspent. |
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I'm interested what evidence you have that "there is an "exodus" away from gold and stocks"? With gold at YTD highs back over $1300 and stock indices at all time highs, it would seem the opposite is true.
I've been an advocate of Bitcoin since 2013 and I truly believe that it has potential to go massively higher. However, it is ridiculous to suggest that it is a safe haven. It is a highly speculative investment that has the potential to give spectacular returns, but as always that comes with a high level of risk.
I think there are a lot of news articles now circulating that some huge gold investors are flocking into the doorstep of bitcoin. I can only speculate that maybe they can't take for granted now the price of bitcoin as compare to the price of gold that's why like any typical investors like in stocks, they would go on which one is the 'hottest' craze at the moment. So bitcoin eventhough risky, but the potential to earn a good profit is good, then they will easily go with it. But they will not completely abandoned gold but rather just go where the money is, and the current trend points to crypto currency, bitcoin in general. Gold investors are not the typical hot-headed kind, who just go after the latest craze. They are usually the most sane types, who prefer to avoid risk in a frothing economy. If they shift to gold, it is big news. |
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This is actually a small fractions of the complaints people have. Not all problems get reported. Moreover, some of the bitcoin related problems might be classified incorrectly under some other head. Expect this to rise as Bitcoin becomes more valuable.
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