The MTGox trustee should know by now that he is the most hated man on Bitcoin. If no one has told him already, he must have seen some news.
If he doesn't stop, he is going to end up dead. I don't think Bitcoin $billionaires are enjoying this shitshow. So I think from now on he is going to go OTC as he should have done, unless Nobuaki Kobayashi wants to keep gambling with his life for god knows what reason.
I predict that the next week we will see some kind of official statements of sales going OTC. The market must take around 48 hours to digest these news and a bottom will be called. Buy the dip as usual.
I do not think so. If people like me as well as most of the reputable forum members here, who surely all own Bitcoin, are not really moved by this so called Tokyo whale, I doubt he has anything to worry about. The real whales who keep flipping Bitcoin for 10-15% should actually be happy. They keep buying below 10k, and selling above 11k, this latest dip probably means they were so happy to get in again so soon after selling. |
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Point of correction, smart investors does not buy when price is being hiked with no fundamentals backing it and that was what happened.
Most of the people who ended up doing that were the new investors who do not have much knowledge and would not want to miss out and some who just wants to get rich overnight thinking bitcoin will head straight to $1m without any correction. Main investors wait to buy at time that is right like this one as long as it sounds reasonable.
Smart investors do not really buy at all, not beyond what what they have already bought, this theory of dip buying usually only applies to two types of investors. The first is holders who just want to keep it in their bags and add as long as they have money. The second is short term traders just buying every dip, waiting to flip it as soon as price recovers. |
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It is interesting that he chose to market sell them, which would indicate that the end result was that he sold the bitcoins into many hands. Alternatively he could have sold them to some centralized whale holder. This is a very healthy thing for the guy to do imo. Nobody likes prices going down but the satisfaction of knowing some billionaire manipulative warmongering fucktwat didn't get it all behind a closed curtain is somehow just so reassuring to me. We're all gonna make it  I thought the same too! You could probably even get a bank or a big exchange to agree to OTC trades wholesale, rather than just eating up the orderbooks. Or was this part of his plan to press the price down so he could get some for himself? It could be just the conditions of the court ruling too, though, so that everything was transparent. So yes, like you said. For the better good of us all. |
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In my opinion this year bitcoin will break its 20k$ resistance. Consider the plunging of alts as a result of bitcoin price dipping. Those two are intertwined and relativeyo each other. The reason of this sinking price is due to a large number of media FUD that scares the investors and have tendency to panic selling. As you can see a lots of whales can manipulate back the price of btc eventually alts just follow to the trend going up. But at the meantime while its cheap better sack a lots of alts and btc cause as yoi said it is bubble and you don't want to regret not riding on the ath of the coins. Just follow the simple rule in trading buy low and sell high, now is low so we can buy more and dont be stupid to sell at a bargain or breakeven as a trader we should only practice profit gaining and reduce loss. I hope i can be helpful to your perspective
That takes a lot of balls to say when Bitcoin is plunging the 8k bottoms right now, and not for the first time falling so quickly under 10,000. What has it been now? The fourth or fifth time? If not even more? I am not saying Bitcoin will not recover, but I am saying we should be prepared to have our patience tested. It took more than two years to break its old 1k+ ATH, it is not impossible to take even longer to recover to $20k. Like you said, though. Cheap stacks and cheap bags. |
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Phew. That is extremely bad luck. I do not really say that luck is the most important aspect in crypto, but to have two coins that are 90% down? On the other hand, you can hope that a lot of people see this as entry opportunities, so they should help raise the price higher - and you can always get in more if you have decided to become a holder. You did not do stop loss? I invested mainly in monero back in 2017 and the all time high was around $350-400. Now it's $250. Just a few days ago it was actually a lot higher than that but it has been hit with the dump recently. So a loss, but not a big one.
Expect the separation of shitcoins and actually good projects to enlarge over the year.
Investing in long term projects with clear aims that are not trying to do too much is a good thing, investing in a shitcoin that has no clear roadmap, is a pump and dump project but is claiming to do everything is not a good thing.
I thought this was the year this would happen. When the useless alts finally show their true worth. Glad you have Monero too. It did not dump as much as others! |
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I did not know that. Will the trustee be distributing the returns to all holders based on the amount of Bitcoins they owned and lost at the time? Or are these returns adjusted for the price? December was an awesome time to sell, but I doubt 6,000 BTC is really the cause for the dropping price (I mean, if he sold 6k, then other people bought 6k BTC, right?). And all those people getting their claims back, I am sure they would be re-entering the market after waiting for so long.
Anybody knows how much Roger Ver is claiming? I believe he lost quite a bit at Mt Gox.
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I recall all the way back in December when everyone was enjoying the highs and profits, and talking about 30k Bitcoin, with McAfee saying 2020 will be the million dollar Bitcoin, one of my favorite developers Charlie Lee said to not think this would be happening so quickly. He said be prepared for Litecoin to reach $20, be prepared for a long bear market, and I think, even though most people thought he was not so serious, he was always saying something correct.
Maybe it will not be as terrible as he painted, but we must always be ready for this possibility.
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We should you put your money? In your pocket.
I don't know the level of experience you have in this space but if you are newbie as your rank says, take time to learn about the space, I will suggest 3 months minimum. it is very easy to make money ina bull market but the current market you can lose most of your money
Learning is a lifelong process. And this is even more true with crypto whose market is not even ten years old yet. There is so much to learn, and lessons will always change and adapt. You stop learning for a while and your knowledge becomes irrelevant. Investment in crypto gives people unrealistic expectations, because of all the early adopters. To OP, my suggestion first is keep that $1,000 all into Bitcoin if you are determined to invest into crypto. Then, as you learn more and come to better decisions, you can take that Bitcoin and buy your alts. |
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Hmm, is yobit really getting into trouble? I know I have always seen questions about them every now and then, but of late, it would seem to be getting more and more. Chat support has always been slow but they try to help, and my few support questions have been attended to. Not in the best or smoothest way but always fine.
What exactly is the token or alt you need help with? Remember, sometimes it is the alt developers who fail to provide proper support to exchanges.
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Oh that would be lovely if it happened, because more than two years later, Bitcoin reached the old ATH and all hell broke loose with almost 20x gain. If it crashes now, I would just be getting more Bitcoins. And patiently wait for 2021 to reach old 20k ATH and who knows, 100k?
Bitcoin does not repeat itself, it just follow similar patterns. If anyone knew for sure, then we would not have winners and losers, would we?
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So, judging from all the answers here, no one actually thinks that crypto will be valued as such because of,,, the value? If something is valuable, has a lot of useful features that people need. That people want. And more importantly, that people use. Then they value it higher. Then others will want it. Then we see demand go higher. So what if a coin has a lot or limited supply? Both have 8 decimals. I can own 1 satoshi and spend it if Bitcoin becomes 1 million dollars. But only if it has that use.
So, judging on usefulness. Bitcoin hands down.
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They are actually not as open to technology as we think. Of course they embrace it, they have been doing so since they were young. But are they as prepared to change the way they do things? I do not think so. If you tell them to use new tech for showing off their lives on social media, sure. Make their lives easier? Sure. But change the way they do finance? Take control back from the banks and the state? Somehow, I believe they do not care unless it makes them more money. Entitled generation.
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I think any newcomer should proceed to get both. More in ETC because it has a lot of room to grow, not even $100 yet. Remember this is a very old coin that feels it has been done injustice by ETH so you never know what will happen when they decide to "take long revenge". Not a good idea to buy now though because of Callisto airdrop. Wait for the dump, then get a bit. ETH of course should not be ignored for movement back towards $1200.
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On p2p websites like localbitcoins you will see cash traders selling for +10% above market, since it is purely in cash and the seller has to risk all.
That's why, I suppose, our commission is not too much, maybe even the lowest in this area. Cause we work with cash only Sorry I made a mistake, what I meant to say was that if you deal with cash traders on localbitcoins (as in, meet in public places for face to face direct exchange), as a seller, you can find buyers willing to pay around 10% MORE than what you will get in the market if you sell directly online. This is pure cash and because of the risk to the seller. So if market is 10000, you can sell for 11,000 no commission. This is my point. |
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Sorry, maybe my language is not improving as I thought it had but your first explanation of stakes does not seem to make logical sense to me. I always thought stakes were only in 1 definition, which is your second.
Total number of coins divided by total number of stakes amount = amount per stake. It is actually as simple as that.
In your first calculation, total stakes divided by number of coins does not make sense. (for example if there are 2 stakes and 100 coins, then each user gains 2/100 = 0.02 coins?
50 coins per stake. Not 0.02 coins. Look, I was trying to point out your mistake. You said: "total stakes divided by total number of coins" which is 2/100 = 0.02 coins. You should change it to say "total number of coins divided by total stakes" which 100/2 = 50 coins. Do you get what I mean? If you are trying to help newcomers, you should not confuse them and get the mathematics correct! |
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5% is too much, even if you use the highest rates. I can even convert to EThereum or Litecoin and sell it for a very good price at a direct exchange, in total sometimes very close to 0.5% commission off the Bittrex rates. On p2p websites like localbitcoins you will see cash traders selling for +10% above market, since it is purely in cash and the seller has to risk all.
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I just made my account so Virgin poster about to pop my btc talk cherry  I have been using Bitcointalk as a reference source for years. So my Apologies to Admin for be lazy on creating a Account. Now for the OP. I have been involved with Polaris /XPR from start I currently hold 52K+ we all seen many ICO's/Tokens come and go most with no face behind them or hyped up just to run off with the money. Polaris has active owners, Developers ,programmers and site Admin. A real mining farm is being constructed that will be set up for visits once all is secure. The police station is right up the road and all precautions are being set: Electrical up to codes for multiple 220V psu units,ESD grounding, Clean room style HVAC filtration system to help the equipment stay cool and minimizing dust/dirt in return making it last longer. So XPR will have a real backing and not fluff I ask that you please check out Polaris XPR with an open mind and give your honest opinion on it  Thank you Welcome to the forum, I think you will find that if you just come in here daily with a positive attitude, you will begin to learn a lot more than you knew about crypto, and actually enjoy it. After a while, even contribute yourself. Be careful with the information though, 99% is terrible misinformation haha. Anyway, I am just checking out new mining projects now like Polaris. They do seem at least able to publish a lot of technical information, which I actually like. Hope to return here soon. |
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I know this is an arbitrary reason but I will come out and say it anyway. You know where I saw all the ads about Ice Rock Mining? On faucet sites, and usually on those ads that ALSO run ponzi schemes and HYIP ads. Like the Mellow ads network. Now I know this does not associate itself directly with all the scams but here is the other problem: passive income, lifetime? And from mining? These are all improbably, and therefore should be avoided. Sorry to be a downer, but there is no guarantee of life time income without work.
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1000$ TO INVEST, WHERE SHOULD I PUT IT?
Hi mate, IMHO find another 1000$ and make simple mining farm with like 5 cheap gtx 1050 ti cards, mine ethereum. Or invest in 3-5 different altcoins like Cardano, Tron, Stellar, Iota, Nem (might be risky to invest) ------------------ Ps. I know easy way just to double your money right now 100% guaranty very easy way using exchanges, if interested fell free to ask and i will share for small amount of crypto!(50usd will do) telegram @leostellar f-book leo.stellar.127 cheers. Wow. You managed to insert your scam attempt even as you pretend to give advice. Why do people never want to be a bit more intelligent with a scam? $50 doubled every day for 10 days gives you $51,200. Five more days and you become a millionaire. So why do you not just do that if your strategy is really 100%? Then you do not need ever to waste time posting on this forum any more and just retire rich. |
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So it seems the Bitcoin fork fad is not over yet. If I wanted privacy for my transactions, then I already have Monero to use. What is the good of a fork with a huge development team and scarcity in supply if I cannot spend it? Is there even 1 merchant yet who will take my BTCP? Is there any place that I can send BTCP to even to use other than for trading (if that is even possible yet)? Answer is no.
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