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Re: Bitcoin prices spiked to $ 6,900 when BitMEX turned offline.
Here's a more detailed account of what exactly went down:
https://itradeico.com/2018/08/possible-manipulation-bitmex-goes-down-exactly-after-tether-moved-to-bitfinex-bitcoin-gains-500-in-30-minutes/17634
All I can really say is that what happened is definitely fishy, but all we can really do is speculate. This is one of those moments where you kind of wish the crypto markets were regulated just so people can't get away with pulling stuff like this. And of course Tether just had to be involved lmao.
https://itradeico.com/2018/08/possible-manipulation-bitmex-goes-down-exactly-after-tether-moved-to-bitfinex-bitcoin-gains-500-in-30-minutes/17634
All I can really say is that what happened is definitely fishy, but all we can really do is speculate. This is one of those moments where you kind of wish the crypto markets were regulated just so people can't get away with pulling stuff like this. And of course Tether just had to be involved lmao.
Exactly, and this is another reason why we won't get that elusive ETF's, because the market is really prone to manipulation and speculation. We all smell that someone from behind is really pulling strings to move the market whichever directions they want and its very fraudulent. Coincidence or not, its very shady as hell. And another problem is that we really don't have any names of those manipulators because we all know that address doesn't have any names so all we can do is speculate.
Why is it that Tether is always involved in these things? It's just another channel to push vast amounts of money through, but was it made in order to easier do things like this?
Right after BTCUSD shorts reached an all time high as well. This was clearly a stop and rinse as they tried to clean out all of the stop losses parked just $300-500 above the price. Foolish place to have stop loss anyway, but still a dirty move.
Yeah unfortunately this is just another bad sign that won't go over well for institutional investors.
Re: Bitcoin prices spiked to $ 6,900 when BitMEX turned offline.
So obviously there's manipulation from behind. And I was quite surprise to see the price spike to $6700 now and I wonder what's the reason. We have been trading sideways for the last couple of weeks and I thought that this is a break out run. 
. For sure day traders have taken advantage of the situation, but I wouldn't be surprise if the price goes to $6400-$6500 again because this is just artificial pump.
. For sure day traders have taken advantage of the situation, but I wouldn't be surprise if the price goes to $6400-$6500 again because this is just artificial pump.Yeah a $300 leap in 1 min for no fundamental reason is just unbelievable, especially if it lines up so conveniently with the maintenance of another platform. These clowns are taking advantage of each other to line up tether pumps so they can make short term profits off the swings. Not that it's much different from what the giant hedge funds & institutional investors do on the London, New York opens.
It's been quite stable and managed to keep a green 4H so it might not necessarily drop back down. Sometimes a breakout is all that's needed for a good signal to the other traders.
Re: Banned dude projects Bitcoin bounce maybe to $10k, then renewed decline to $4600
Very interesting stuff guys. I see Shelby edited his Steemit post and he now considers two alternative possibilities:
1. Bottoming now with new ATHs in 2019. That was his original idea of a possible repeat of the mid-2013 correction. In this case altcoins would not crater.
2. Down to $4600ish now, followed by either #1 above or his other scenario.
Note he apparently made those edits before @infofronts tantalizing post in this thread.
He states in the post that the altcoins going to near 0 in 2019 is contingent on the scenario of the bottom not coming until late 2019 or early 2020. In that case, altcoins would continue to decline more than Bitcoin, on every renewed decline of Bitcoin. Altcoins have lost so much ground relative to BTC since the peak in 2017. That would continue if the bottom will not be until more than a year from now.
Whereas, if @infofronts scenario is the outcome which Shelby also mentioned as the alternative scenario in his post, then altcoins would rise also. Whether altcoins would rise more than BTC and regain their lost ground is not certain. He offered the declining spreads model as a reason they may not, but he also questions that declining spread model as possibly being a backward looking metric.
However, I think he is implying that even if the ATH is coming in 2019 then in that scenario we are not currently in a 2014/15 cryptowinter, and that most altcoins will be a wasteland in the next crypto winter that follows the 2019 ATH. Again refer to @infofronts excellent and tantalizing chart to visualize that alternative scenario.
1. Bottoming now with new ATHs in 2019. That was his original idea of a possible repeat of the mid-2013 correction. In this case altcoins would not crater.
2. Down to $4600ish now, followed by either #1 above or his other scenario.
Note he apparently made those edits before @infofronts tantalizing post in this thread.
Do not believe in such articles. Although the article is written good and arguments are given with facts and numbers but that does not mean that altcoins will be down to zero in 2019. That's not gonna happen.
He states in the post that the altcoins going to near 0 in 2019 is contingent on the scenario of the bottom not coming until late 2019 or early 2020. In that case, altcoins would continue to decline more than Bitcoin, on every renewed decline of Bitcoin. Altcoins have lost so much ground relative to BTC since the peak in 2017. That would continue if the bottom will not be until more than a year from now.
Whereas, if @infofronts scenario is the outcome which Shelby also mentioned as the alternative scenario in his post, then altcoins would rise also. Whether altcoins would rise more than BTC and regain their lost ground is not certain. He offered the declining spreads model as a reason they may not, but he also questions that declining spread model as possibly being a backward looking metric.
However, I think he is implying that even if the ATH is coming in 2019 then in that scenario we are not currently in a 2014/15 cryptowinter, and that most altcoins will be a wasteland in the next crypto winter that follows the 2019 ATH. Again refer to @infofronts excellent and tantalizing chart to visualize that alternative scenario.
This is one of the most legit forecasts I've seen. There have been too many blind " 100k by 2k20!!!" forecasts that I stopped taking them seriously.
I've seen a few analyses that take into account the depreciation until the next halvening, but is bitcoin really going to gain after that? There are a lot of assumptions in this chart, namely that the cycle follows that same pattern, and more importantly that introduction of financial market tools like futures, ETFs and being considered for a major stock exchange don't have any impact on it. Statistics rarely lie though...
Just brew coffee, sit on a chair, turn on your laptop and go to,, news,,.Pay attention to the hype around bitcoin and altcoins.Only a fool can't understand that soon we will live quite differently.Remember when it was in dreams and it seemed fantastic to see a person on the screen from another country or continent. Now it's reality.Now the situation with bitcoin is the same.And I can say that with bitcoin everything will be fine
Yeah, but where is that hype coming from? Our community of course. In this day and age with personalized news feeds, everything has turned into an echo chamber. You only find bitcoin positive news because you personally choose bitcoin positive news. The algorithms don't expose you to any negative news because that's what you wouldn't like.
You are right though, we do live differently and the powers that be are seeing this as a threat to their autonomy. But their powers have been slipping through their fingers ever since the internet has been invented, which is why they are getting more desperate.
Re: Samsung says that smartphones are the safest way to store cryptocurrencies
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
Good advices. If you put spendable in the subject title as well, it would not be controversial anymore (but at least I can confirm you have skills how to create click-bait titles)
Haha good point. This thread has drawn a lot of attention just because if its name. I wouldn't ever be so assuming to believe that a phone is the safest place to store anything, let alone a savings account of bitcoin.
Although people have begin to live solely off of their phones these days. A lot of people don't even use computers anymore. They only need access to email, social media, banks, and now crypto wallets. So I guess if it has that much value, you could try to treat it as an account. With a detachable chip for savings, of course.
Re: Almost 80% of US workers live from paycheck to paycheck. Here's why
Also note this piece while containing good info and a good historical overview was authored by a berekeley economist in liberal california who could be resorting to FUD to mislead people into unfairly blaming Trump for everything.
Very good point. Motives certainly aren't that hard to spot now these days.
Capitalism needs people to spend. The government needs people to spend to keep the economy moving. Unfortunately, this means the government will never teach people to save their money. The whole system is a mess, in my opinion, but you can't fix it by throwing money at it.
This is the perpetual treadmill that USA finds itself on. Many citizens have to work several jobs just to keep up with the bills. It's even commonly accepted that people have huge amounts of debt that they can't handle. What is wrong with society when so much money is being circulated, inflation is so high, but wages can't keep up and people have to work harder and harder to keep themselves from going under?
And yeah, people would just blow that money on useless shit because that's what Hollywood has trained them to do.
10k dollars for bitcoin is easy to reach again . Why they did not reach easily? It's because the panic seller who still panicking bitcoin selling becaude their scared to lost more money. First of all before you join better to ready to wait and losing money because you need to take the risk before earn. I hope people will hold and don't be panic to see 10k dollars again.
Let's start calling 10k when we see 10k. Now we've got to keep some more realistic goals in mind, like 7k. Then we'll look at 8k, 9k. They might all happen immediately after each other, or they might happen months after each other. The importance here is that we cannot have an "easy 10k" at any time. Only when we have upward momentum and strong reasons for it to move.
I don't see anything groundbreaking coming out of bitcoin in the next few months, so we'll just have to hold on and wait. Maybe we'll get a good reason soon.
This isn't a bull trap or bear trap. IMO we are in the accumulation/boring phase before the next big pump in the price before the ETF news begin to pup-up again and hype increases towards the next SEC announcement about the ETF. Hopefully, momentum will catch up so that we can break the 8.5k barrier.
The small spike in the price from yesterday might've been a whale trying to trigger a weekend btc pump, although the bearish trend surrounding the altcoin market is far from over so this might actually be a bull trap.
The small spike in the price from yesterday might've been a whale trying to trigger a weekend btc pump, although the bearish trend surrounding the altcoin market is far from over so this might actually be a bull trap.
Are we going to Saturn or will cryptos reach only the moon?
Moon in the short-term, Saturn in the long-term Yeah you're right, it's a noob trap. It's for all of those impatient investors who are trying to turn their savings account into a Ferrari and are getting disappointed because it's not happening as quickly as it did last time. Well guys, any reasonable investment takes a long time to reach acceptable levels of profitability, so let's just hold on tight and be patient. There doesn't necessarily need to be anything exciting happening this month, or even this year, to mean that Bitcoin is finished. It will find its way back up in due time, and hopefully get enough momentum to get past 8.5 so we can see continuing gains.
I'd give it up on the ETF nonsense and just wait until bitcoin has a more stable outlook in general. There needs to be more stability before it can rise again. This is how it always happens: big rocket ship up, run out of fuel, drift around in space for a while, everyone gets confused. Then what's next? Well we need a real, concrete, fundamental reason to keep going. ETF is not that, it is just speculative. It's another vehicle for hot money to come in and out. Then we need something that will make bitcoin useful for people. Easily accessible and exchangeable
Re: Bitcoin crypto advertising, The Wall Street Journal newspaper
That's an article, not an advertisement. They're covering the widespread adoption of crypto by billionaires. Doesn't anyone here read?
And this doesn't necessarily mean that it is good coverage. They could be putting it in a negative light. Or they could be encouraging mainstream adoption in financial markets, which means that it would become the next asset widely manipulated on Wall Street, like gold and oil. Just because something shows up in the wall street journal doesn't mean it's all roses and sunshine.
And this doesn't necessarily mean that it is good coverage. They could be putting it in a negative light. Or they could be encouraging mainstream adoption in financial markets, which means that it would become the next asset widely manipulated on Wall Street, like gold and oil. Just because something shows up in the wall street journal doesn't mean it's all roses and sunshine.
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It's game over now. Going to make year lows soon and from there next stop $3000. Bitcoin failed as an experiment, as per the recent bloomberg report bitcoin payments in stores plummeted 80% and as per that other report only 2% of Koreans (the main btc country) is even considering investing in BTC.
What does bloomberg know? They've probably got a grip on less than 10% of the total usage of bitcoin. The number of reported bitcoin payments in stores is probably not even close to the number of unreported bitcoin transactions. That cannot be a valid argument against bitcoin.
Koreans are not the only ones in the world to use bitcoin, so that's not going to have much of an effect on prices. There are lots of other countries who have huge populations (USA, Russia, Turkey, India) that are becoming more active in bitcoin. We can't say it's over until it's actually over.
Trust whatever you live with positive not always that you hear from people who are very influential for things that you believe it will be bad. The buffets just say his own opinion is not entirely a reliable thing to consider for you to believe.
keep walking as you believe.
keep walking as you believe.
We all believe in different things so what Warren Buffet have nothing to do from whatever we believes. Yet it's up to us if we absorb what we hear and see. Otherwise you're like a tissue paper that absorbs everything that comes.
You know the predictions are not likely to be true, I personally think that the decrease or increase of Bitcoin in the future is only for reference. The decision is still made by yourself from the perspective of the market.
Of course it isn't true. I just don't understand why people don't have their own balls and just keep listening from this kind of people. People that didn't know where their balls are and just sucking people's money from spreading fuds.
Whatever will happen to bitcoin or to other crypto currency , as long as we're still here and believe to its future nobody's prediction can change it. I know Warren Buffet isn't a hater yet we need like him to withstand things.
That's the main message here for everyone to understand. So what if John Bitcoinist is saying it will be $12 million by the end of the year, or Tom Centralbankist is saying that it'll be $14 ? You need to make decisions for yourself.
People should stop taking other people's analyses so seriously. Most forecasters are wrong more than 90% of the time anyway! None of us has a crystal ball, so why are we looking to others for answers? The only answers are what is directly in front of us: the chart, technicals, and sentiment. We've just got to hold on and trust that we made the right decisions.
Re: Apple 1 trillion market cap, when will bitcoin...
Apple just surpassed 1 trillion usd in market cap today, when will bitcoin hit 1 trillion??? With btc sitting at $7500 and a current market cap of $130 billon, btc has to hit $60k usd to get to 1 trillion. Whats everyones prediction when btc will hit $60k? My wild prediction is 2024!
Why do you care about Apple?They have millions of apple fanatics,that will buy any shit that Apples(or the chinese companies like Foxconn) produces.I really hope that some day, bitcoin will have the same army of millions bitcoin fanatics.By the way,60K USD per btc is really possible,maybe after 10 years(if bitcoin still exists).
Then Bitcoin needs a clever marketing wizard behind it like Steve Jobs. Apple wasn't anything special, he just explained it in a way that made it look special. Instead of saying "this MP3 player holds 1000 songs" he said "this iPod has enough music in your pocket for you to fly from Los Angeles to New York and back" or something like that.
Bitcoin needs a face. No one likes anonymity when they are looking at investing money. That's why so many people still don't trust bitcoin. They cannot associate an image or brand or face to it like they can with other products.
From the month of march btc is going down gradually, last month it was 6K$ and now after touching 8K$, it have moved to 7300$ again. Do you think it would be possible for BTC to cross 10K$ in the month of august?
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign
Investment is decreased from 140B$ to 127B$ in very short time, that is a very bad sign
Keep your hand tight cause when it reaches 10k$ it will really be fast to go back to ATH. Investors are now accumulating the dips from this situation and what do you think they will do? ofcourse they will hodl it and if the market noticed supply of bitcoin is decreasing this will make a huge price of bitcoin. I wonder until when it will happen. But the new news spreading about the biggest stock exchange entering the scene will also add up to possible pump. More good news are expecting to come on the following weeks.
Yeah I wouldn't expect it to linger around the 10k level for very long. There's probably more people waiting to cash out at that level and it'll bounce back down as soon as it gets up there. But there would probably be a second run at it and perhaps it'll stay above it for a while.
It's still trying to find a reasonable price range after that shooting up so high last year, so I wouldn't be too worried if it bounces around a bit. Money will continue to flow in and out of it. Because the market sentiment is overall quite positive, I wouldn't be worried about any short term dips.
Re: Apple 1 trillion market cap, when will bitcoin...
Smartphones from Samsung, Google pixel, Moto G, Nokia, Oneplus, Xiaomi. Do not think iphones and apple inc. products will survive for long.
Apple inc. $1 trillion is money creating money or money from thin air.
Apple inc. $1 trillion is money creating money or money from thin air.
And Apple's not even making their own screens anymore! That's a sure sign of defeat as their main competitor has the contract to make a major part of their phone. I personally prefer Apple products but don't agree with their strategy ever since Steve Jobs died. He had the vision, the rest of them are just flopping around.
That $1 trillion is thanks to the Fed printing money almost non-stop over the last decade. So if we look at it that way, almost every citizen in the world owns a part of Apple. Because every central bank has USD in reserve, and if they pay taxes, they own part of that reserve, which is part of Apple's market cap. So they effectively borrowed from the people to make a self-serving corporate giant that will of course be "too big to fail" if anything bad were to happen.
Re: Did anyone open their BINANCE account in June 2017?
I do not understand why traders are so comfortable with binnace with some hacker cases.
I think because binance doesn't force people to get verified and most crypto enthusiasts hate KYC unverified account can still withdraw up to 2 BTC/day, that's enough for most (small) traders
I believe it wasn't hacker issues, but users clicked, opened and logged on phishing sites
I thought those hacks weren't true? Just issues with a coin itself? I can't remember the details but it seemed to be a false alarm.
---snip---
But I did hear a rumor that their volumes are somewhat faked... don't know how true that is myself because I didn't spend the time to do the research.
I've heard about that fake volume too, it could be their way to entice more users to join and trade ---snip---
But I did hear a rumor that their volumes are somewhat faked... don't know how true that is myself because I didn't spend the time to do the research.
as long as people can trade and deposit/withdraw their cryptos safely, people will keep using binance
Yeah, it all comes down to getting your money back. If they fake volumes it doesn't affect much, perhaps a bit of slippage here and there, but it's mostly for enticing people as you said. The quality of a trading platform depends on the readiness in which they are willing to serve the retailers, and Binance seems to do just that. When there are week long delays on withdrawals and huge discrepencies in orders, spreads, slippage, etc. then that's when we start having problems.
And yes, Binance is reasonable in terms of flexibility of transactions without verification. They charge slightly more on BTC transactions than other platforms but that's not a big deal.
Re: Did anyone open their BINANCE account in June 2017?
I hear binnace limiting new members. I currently do not know update information from binnace.
I do not understand why traders are so comfortable with binnace with some hacker cases.
I do not understand why traders are so comfortable with binnace with some hacker cases.
I thought those hacks weren't true? Just issues with a coin itself? I can't remember the details but it seemed to be a false alarm.
I've had a binance account for nearly a year now but don't use it much because of a lack of time. I'd say that things are growing on there but I can't tell you for sure. But I did hear a rumor that their volumes are somewhat faked... don't know how true that is myself because I didn't spend the time to do the research.
But volume isn't the only concern. More important is the region and regulation and security that comes as a result.
What is your opinion as per Warren buffet statement, he is a wealthy giant globally he told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won't end well. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,"
Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.
Well this maybe true that in bitcoin system there might be bad ending on it in the near future. But for now i am positive that it will not happen because business are good for now from the local exchanges, bitcoin mining and other ways that we could earn in cryptocurrency like day trading. Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.
Didn't he say something more positive about bitcoin only recently? Or is that Soros I'm thinking of? One big investor giant said they were looking at investing in bitcoin, I can't remember who.
Buffet probably said this in hopes he could instigate panic selling, and then he could get in cheaper. What else can you do, wait for an ETF to get approved?
There's enough support for bitcoin that we don't really need to worry about dinosaurs like him. He's missing out on a rapidly changing world so the best he can say is that it won't end well. Maybe his grandchildren will adapt to the future, but it sounds to me like he's being resistant.
Re: Samsung says that smartphones are the safest way to store cryptocurrencies
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Dont forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Dont forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
It could be useful that smartphones can be use to store cryptocurrencies. But what about if we lose that phone what will happen? And are we safe with the hackers trying to hack our phones?
It's the most secure in terms of what exactly? It cannot be hacked? I don't think it's very difficult for a hacker to get into a mobile phone, but I'm not one myself so cannot comment accurately on that. Is it stored in a cold environment on the phone that cannot be accessed unless the user opens it with the key?
And of course, the question of loss. I think that if you lose it, it would be the same as losing your wallet. This might also make phones a new target for theft, as hard drives have become. You never know how many crypto coins could be hiding on a hard drive these days. Imagine if you told someone 10 years ago that they could keep a million dollars worth of money on a hard drive. They'd call you crazy!
It looks like some firms like Alipay are making steps towards improvement that will be positive for bitcoin. This adoption will allow more people to buy and sell with it, which should then increase its value.
I don't know how many countries will be willing to work with it though. South Korea seems quite willing, but I don't think Malaysia or Indonesia will have an easy time adopting the currency. They're still a bit confused about it I think. Some people over there tell me that the government has no idea about it. They'd probably want a way to tax it before allowing payments to be processed through it.
I don't know how many countries will be willing to work with it though. South Korea seems quite willing, but I don't think Malaysia or Indonesia will have an easy time adopting the currency. They're still a bit confused about it I think. Some people over there tell me that the government has no idea about it. They'd probably want a way to tax it before allowing payments to be processed through it.