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I haven't noticed much of a change for the better. Only see that the rate does not recover to the point where it was worth 19000. I think I don't see anything good yet.
It seems to me, nothing new is happening. As usual, the coins prices are swinging. If today they are green, tomorrow they can turn red. Of course, I wish to see how the cryptocurrency is constantly growing.
Here's a different question -
Have we seen the bottom of the market?
It is going to be somewhat interesting for all of us this week due to the ongoing Consensus 2018 event in New York City. In that event, from 2,700 to almost 8,000 attendees (except that Ethereum founder wants to boycott this due to high ticket prices), which would expect that Bitcoin, Ethereum and the others are going higher after that. It happened for the past 3 years, and this one is going to get bigger.
Makes sense with the conferences.
But - if I was a very wealthy crypto made b/millionaire, wouldn't this be the best opportunity to short?
Conference attendants convert crypto -> fiat = less buy demand (also Consensus OMG airdrop = people looking to sell for profit)
Less buy demand = higher sell orders * big players short the prices = amplifies sell orders.
This is only under the assumption that people are turning these coins into fiat - am I missing a part where the conference planners do not have to convert to fiat?
I personally just get a weird feeling when majority of people say that "X" will happen because it's happened before.
Little known article about Zimbabwe ban on crypto exchange relations with banks.
https://themerkle.com/zimbabwe-bans-commercial-banks-from-processing-crypto-transactions/
The reason I find this interesting is because Zimbabwe registered some of the highest priced BTC trades last year if I remember correctly.
https://www.newsday.co.zw/2017/12/bitcoin-price-breaches-30-000/
Now the reason why it is 30k is because it's low liquidity and there are active P2P sales occurring in Zimbabwe - however, if you look at the dates, that exchange posted grew 3x in about 30 days.
"In terms of volumes, over the 30-day period, Golix reported that 118,6867 bitcoins had been transacted on the exchanges, translating to $3,707,203,995 having been transacted, an improvement from $1 million at the start of last month.
In a 24-hour period, Golix reported that the volumes transacted was 1,7006 in bitcoin for $53,109,738."
This article by Quartz goes on to argue that Golix exchange has low liquidity but is from a month earlier - prior to the big kahoona.
https://qz.com/1130147/bitcoins-price-in-zimbabwe-is-not-actually-13000/
Other articles talking about the price disparity (Oct - Dec 2017)
https://www.ccn.com/bitcoin-price-climbs-12400-zimbabwe/
https://qz.com/1109470/bitcoin-highest-price-is-in-zimbabwe-due-to-a-forex-shortage/
https://www.cnn.com/2017/10/31/africa/zimbabwe-bitcoin-surge/index.html
Why is this important?
Personally I believe these price outliers are important for the industry and for growth. When people see the arbitrage opportunity they are willing to take a risk and move money even if it means there is danger of low liquidity.
People lose money - a few gain it, but it's moved into new areas. This ban on banks interacting with exchanges might have positive impacts on BTC price. We also need to bring back the kimchi premium.
EDIT: something else to keep an eye on
https://bitcoinist.com/okex-exchange-ceos-sudden-resignation-prompts-crypto-industry-suspicion/
https://themerkle.com/zimbabwe-bans-commercial-banks-from-processing-crypto-transactions/
The reason I find this interesting is because Zimbabwe registered some of the highest priced BTC trades last year if I remember correctly.
https://www.newsday.co.zw/2017/12/bitcoin-price-breaches-30-000/
Now the reason why it is 30k is because it's low liquidity and there are active P2P sales occurring in Zimbabwe - however, if you look at the dates, that exchange posted grew 3x in about 30 days.
"In terms of volumes, over the 30-day period, Golix reported that 118,6867 bitcoins had been transacted on the exchanges, translating to $3,707,203,995 having been transacted, an improvement from $1 million at the start of last month.
In a 24-hour period, Golix reported that the volumes transacted was 1,7006 in bitcoin for $53,109,738."
This article by Quartz goes on to argue that Golix exchange has low liquidity but is from a month earlier - prior to the big kahoona.
https://qz.com/1130147/bitcoins-price-in-zimbabwe-is-not-actually-13000/
Other articles talking about the price disparity (Oct - Dec 2017)
https://www.ccn.com/bitcoin-price-climbs-12400-zimbabwe/
https://qz.com/1109470/bitcoin-highest-price-is-in-zimbabwe-due-to-a-forex-shortage/
https://www.cnn.com/2017/10/31/africa/zimbabwe-bitcoin-surge/index.html
Why is this important?
Personally I believe these price outliers are important for the industry and for growth. When people see the arbitrage opportunity they are willing to take a risk and move money even if it means there is danger of low liquidity.
People lose money - a few gain it, but it's moved into new areas. This ban on banks interacting with exchanges might have positive impacts on BTC price. We also need to bring back the kimchi premium.
EDIT: something else to keep an eye on
https://bitcoinist.com/okex-exchange-ceos-sudden-resignation-prompts-crypto-industry-suspicion/
More news coming out talking about crypto conferences giving prices a boost.
http://markets.businessinsider.com/currencies/news/bitcoin-price-consensus-2018-kicks-off-1024443651
Seems the market rallied pretty strong despite the downfall of Friday / Saturday. People saying that it's going to be a strong year for the major players - my question is, where is this optimism coming from?
http://markets.businessinsider.com/currencies/news/bitcoin-price-consensus-2018-kicks-off-1024443651
Seems the market rallied pretty strong despite the downfall of Friday / Saturday. People saying that it's going to be a strong year for the major players - my question is, where is this optimism coming from?
Morning or afternoon guys!
Market is slightly picking up.
Eth went from 680 to 689 in 5 minutes.
Should be interesting to keep an eye on. Might be a green week next week.
Also - did not know this, but Goldman Sachs is getting more involved in crypto - check out the graph they show. This would explain why people who wanted to sell did so this week.
https://qz.com/1274437/bitcoin-prices-arent-reacting-to-wall-streets-plans-to-enter-the-market/
Also - another thing to note is that the market cap has gone from 413bn yesterday to 389bn today with a difference of about 14 hours in between the price changes. Seeing an increase of activity on Binance on both sell and buy sides and this can be seen by volume going up from 22ml to 31ml today. Lot's of selling occurred and now we're seeing a bit more buying.
EDIT:
OH SHIT EVERYONE!!!!
Check out any of the USDT marketplace graphs on Binance (or anywhere else for that matter)
And switch to the 1 day ticker. Hopefully this image upload works - if you look at the end of the 1 day tickers, you see the negatives are starting to expand - anyone else thinking this is a bull trap???
https://preview.ibb.co/fEm1Jy/SNAG_0008.jpg
Market is slightly picking up.
Eth went from 680 to 689 in 5 minutes.
Should be interesting to keep an eye on. Might be a green week next week.
Also - did not know this, but Goldman Sachs is getting more involved in crypto - check out the graph they show. This would explain why people who wanted to sell did so this week.
https://qz.com/1274437/bitcoin-prices-arent-reacting-to-wall-streets-plans-to-enter-the-market/
Also - another thing to note is that the market cap has gone from 413bn yesterday to 389bn today with a difference of about 14 hours in between the price changes. Seeing an increase of activity on Binance on both sell and buy sides and this can be seen by volume going up from 22ml to 31ml today. Lot's of selling occurred and now we're seeing a bit more buying.
EDIT:
OH SHIT EVERYONE!!!!
Check out any of the USDT marketplace graphs on Binance (or anywhere else for that matter)
And switch to the 1 day ticker. Hopefully this image upload works - if you look at the end of the 1 day tickers, you see the negatives are starting to expand - anyone else thinking this is a bull trap???
https://preview.ibb.co/fEm1Jy/SNAG_0008.jpg
Hey guys! Thank you for all the great input!
Had to work today for my moneys so didn't have much time to post :p
Market is still heading south.
Very difficult to tell where it is going. $10 Billion drop in market cap in about an hour and a half. Volume is $22 million so it has dropped quite a bit.
Are we seeing a lack of liquidity come into play?
Did you guys see anything in the news? I know there were a couple conferences wrapping up this week in New York City - also one thing to note is that the Mt. Gox trustee moved some coins from cold storage so could we be seeing others selling off inventory expecting sells this weekend?
The ticker got longer by another centimeter from the time I started typing this post
Had to work today for my moneys so didn't have much time to post :p
Market is still heading south.
Very difficult to tell where it is going. $10 Billion drop in market cap in about an hour and a half. Volume is $22 million so it has dropped quite a bit.
Are we seeing a lack of liquidity come into play?
Did you guys see anything in the news? I know there were a couple conferences wrapping up this week in New York City - also one thing to note is that the Mt. Gox trustee moved some coins from cold storage so could we be seeing others selling off inventory expecting sells this weekend?
The ticker got longer by another centimeter from the time I started typing this post
Some are commenting that the recent price hike was due to the conferences being held in various places and upcoming conferences.
"In addition, Lee pointed out that the 2018 conference (marking the fourth year of the event), scheduled to kick off in New York City on May 14, is expected to pull in a crowd of roughly 7,000 (as compared to last years 2750-strong crowd) previously, when attendance increased, Bitcoin jumped by 69% during the conference, and 138% in the months following the event."
https://cryptovest.com/news/fundstrat-analyst-foresees-impending-rally-for-bitcoin-owing-to-consensus-conference/
"In addition, Lee pointed out that the 2018 conference (marking the fourth year of the event), scheduled to kick off in New York City on May 14, is expected to pull in a crowd of roughly 7,000 (as compared to last years 2750-strong crowd) previously, when attendance increased, Bitcoin jumped by 69% during the conference, and 138% in the months following the event."
https://cryptovest.com/news/fundstrat-analyst-foresees-impending-rally-for-bitcoin-owing-to-consensus-conference/
What all that recent developments show for me is that this emerging crypto market has come to stay. Despite all that negative news and events yet the market still bounces back. And bitcoin has continued to maintain dominance as the crypto pathfinder that it is. I am not in anyway scared.
Valid point.
I made this thread to try and crowd source market movements and possible explanations behind them. Similar to historical book keeping but for crypto as a whole.
The hope is to investigate market news after price reactions.
The market as a whole requires newer investors with deeper pockets. For that to happen - there needs to be some measurable progress being displayed in the media.
The thing is that nowadays deep pockets no longer enter the market through the regular channels, but purely focus on private (OTC) transactions where they aren't subject to incompetent exchanges and all their silly regulations. While most of the regular crypto traders don't bother to learn from past events, where they keep using current exchanges, professional and other large scale investors try to stay away from these exchanges as much as possible. The thing here is that OTC transactions and on-exchange transactions are completely different, and for that reason don't mirror each other in value and volumes. I think that it's safe to say that OTC volumes have surpassed the trading volumes of exchanges, but these exchanges still dictate the rates. It would be good to have it balance out somehow, but that's not something I see happen any time soon....
That is true.
Is there any way to track OTC transactions?
People are spreading rumors that BCH is hard forking on the 15th of May - I was under the impression it was a soft fork by majority agreement and that there wasn't going to be a completely separate token as a result of the fork??
Can anyone else verify this? Searched for a while and found a couple weak authority confirmations.
https://cryptocurrencyfacts.com/2018/04/23/bitcoin-cash-fork-bitcoin-abc-coming-may-15/
Ethereum SEC meeting was complete FUD
No schedule anywhere of the time. Also being confirmed by multiple people on Twitter and some Analysts.
No schedule anywhere of the time. Also being confirmed by multiple people on Twitter and some Analysts.
can't say this is a complete fud, some fundamentals never change, buy if eth is going down irrespective of the decision from sec, but I think this is actually a serious issue.
The ability to scale will be an issue and it will show in price down the road IF they cannot solve the issue.
Lightning Network has made strides - but yet to be seen. Ethereum has 4-5 different options from Raiden to Sharding.
The big surprise lately has been Bcash.
Averaging 10-20% gains last 3 days or so. Impressive come back.
Volume has receded back to the mid 20's (millions) - seems that more dumping will be on the way.
3 Scenarios to look for
1 - Prices steadily drop, week over week. Would indicate a very long bear market if BTC falls below 9k, ETH under 700 and BCH under 1,300.
2 - Prices drop this week and pick back up next week - BTC hovers slightly above 9k, ETH slight above 700 and BCH slightly above 1,300.
3 - Prices spike back mid-week and keep going past the 500bn market cap - BTC gets stuck at 9.2-9.3k for a couple days, ETH 720-730 and BCH 1,400-1,500.
24 hour volumes are incredibly important to note on all three scenarios. Let's all keep in mind that there has been no good news as of late. So whatever money is coming back into crypto is most likely money that left in January. The market as a whole requires newer investors with deeper pockets. For that to happen - there needs to be some measurable progress being displayed in the media.
Hello everyone - I don't usually put up posts, but I was curious on what everyone is seeing for this recent market upswing.
This is the second time in the last 4 months we've gone from 250bn market cap to over 400bn. Very much a yo-yo effect.
We've seen the market press hype cool down - so what is causing the market to go back up? If you could all please post some real world news that would be much appreciated. Doesn't have to be news from a news source - could be numbers from block explorers, investment news, just something that can be tied down to a FIAT value being put into crypto.
For me (a little bit of a conspiracy theorist)
USD Tether gains FIAT value in Q3 to Q4 of 2017 -> Moves FIAT value to Noble Bank -> "Legitimizes" USD Tether
BitConnect crisis occurs -> Loss of investor confidence -> Lack of market liquidity -> Correction
SEC opens with somewhat positive remarks to crypto as a whole -> Focus specifically on ICO scams
Discovery of Mt. Gox trustee -> Rumors spread -> Investor confidence drops further causing further slide
USD Tether media cools off -> USD Tether prints off more tokens beginning of April -> Stabilizes investor confidence
Stable coins begin emerging post USD Tether -> Markets keep resurfacing throughout April
May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect
??
ICO fraud rumors (https://medium.com/@douglaslyons/ldj-capital-all-that-glitters-is-not-gold-ccbfc21ffd71) -> Market effect??
I can provide links for any of those events - I just didn't want to spam links. It would be interesting to see if anyone can find info of "new" FIAT money going into Crypto which would give evidence of a bull market - especially if it is found from institutional sources. The opposite as well - if anyone has insights into how this could be a bull trap, that would be awesome to read.
As I said, goal is to pool together everyone's reading material for better clarity on current market events.
Please post your mother will die.
You can see that the market in recent days has reduced the number of transactions and all are waiting to see the static bitcoin. It can be seen that today's bitcoin price has shown signs of a spike when the moment has reached $ 9800 and still showing signs of slowing down. For technical analysis, bitcoin prices are showing divergence, indicating that buying is decreasing and selling pressure is increasing, so you need to be very careful when trading.This is the second time in the last 4 months we've gone from 250bn market cap to over 400bn. Very much a yo-yo effect.
We've seen the market press hype cool down - so what is causing the market to go back up? If you could all please post some real world news that would be much appreciated. Doesn't have to be news from a news source - could be numbers from block explorers, investment news, just something that can be tied down to a FIAT value being put into crypto.
For me (a little bit of a conspiracy theorist)
USD Tether gains FIAT value in Q3 to Q4 of 2017 -> Moves FIAT value to Noble Bank -> "Legitimizes" USD Tether
BitConnect crisis occurs -> Loss of investor confidence -> Lack of market liquidity -> Correction
SEC opens with somewhat positive remarks to crypto as a whole -> Focus specifically on ICO scams
Discovery of Mt. Gox trustee -> Rumors spread -> Investor confidence drops further causing further slide
USD Tether media cools off -> USD Tether prints off more tokens beginning of April -> Stabilizes investor confidence
Stable coins begin emerging post USD Tether -> Markets keep resurfacing throughout April
May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect
??ICO fraud rumors (https://medium.com/@douglaslyons/ldj-capital-all-that-glitters-is-not-gold-ccbfc21ffd71) -> Market effect
??I can provide links for any of those events - I just didn't want to spam links. It would be interesting to see if anyone can find info of "new" FIAT money going into Crypto which would give evidence of a bull market - especially if it is found from institutional sources. The opposite as well - if anyone has insights into how this could be a bull trap, that would be awesome to read.
As I said, goal is to pool together everyone's reading material for better clarity on current market events.
Please post your mother will die.
Thank you for that advice.
Post January 5th our "strategy" was to purchase around 270-300bn (market cap) if it ever dipped to that level. Thankfully we stocked up twice over.
Speaking of your signs of slowing down - today it hasn't been able to move past 458bn cap. Eth at 788/unit and Btc at 9750/unit according to CMC.
When we first bought - Eth was 380 and Btc in the 6,700 range. By now - Eth has doubled and volume has slowed down.
We have yet to see what the Chinese market will do as it is just now waking up.
My gut feeling says that it will go up slightly further - once volume increases around the 35 - 38m / 24hr range, big bag holders will start to sell in mass unless something in the news sparks it one way or the other.
In my opinion, sentiment, unlike the last two times, is changing. Institutional money is never really interested in catching falling daggers, so they just let coins bleed out without participating at all... noobs from the run-up in December-January who fomo'd switch to full FUD and through despair sent us through a capitulation period. Institutional money then around 250-270 billion market cap started its accumulation phase after the last little bit of 200 day death cross was less severe than expected. Now that the bottom was found, and institutional money propped us up along with experienced people got their bags loaded with their favorite alts, its time for noobs to eventually step back in and really fomo this thing up to previous highs and eventually a market cap above 1 trillion by the end of the year. One thing noobs never really understand is big whales make more money in smaller position trades over letting the market run .. everyone has their role to play.. the institutional money supporting or dumping and not participating, the whales looking for key areas to accumulate and dump to start it over, the smarter older fish who swim with whales as to not get eaten, and the classic noobies who fear missing out and panic. Some of your things like SEC news, Mt Gox, and BitConnect have their role to play in this process, but I think its more of an institutional money creating an opportunity for a swing trade off of this over anyone really being scared.
This, however, is a bit concerning.. but you'll likely know beforehand as the market reacts.. stuff like this will almost certainly be leaked and you'll see people in the know react accordingly. I have a hard time seeing how ETH as a security though... XRP can go to zero.. so I'm not concerned there.
May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect ??
??This, however, is a bit concerning.. but you'll likely know beforehand as the market reacts.. stuff like this will almost certainly be leaked and you'll see people in the know react accordingly. I have a hard time seeing how ETH as a security though... XRP can go to zero.. so I'm not concerned there.
Good points - and thank you for adding to the conversation.
One thing noted this week was Eth strong lead over the top 5 coins amid rumors of the SEC ruling (to me it says it won't put it down as a securities)
One thing that is also weird among this up trend from the market is the low daily volume. Today we're sitting at 27mil compared to 40mil early April when market was 250bn as you said. So we could see this yo-yo effect keep happening if the institutional investors as you mentioned don't buy into the FOMO / FUD and buy at their own price as the market crawls back.
Hello everyone - I don't usually put up posts, but I was curious on what everyone is seeing for this recent market upswing.
This is the second time in the last 4 months we've gone from 250bn market cap to over 400bn. Very much a yo-yo effect.
We've seen the market press hype cool down - so what is causing the market to go back up? If you could all please post some real world news that would be much appreciated. Doesn't have to be news from a news source - could be numbers from block explorers, investment news, just something that can be tied down to a FIAT value being put into crypto.
For me (a little bit of a conspiracy theorist)
USD Tether gains FIAT value in Q3 to Q4 of 2017 -> Moves FIAT value to Noble Bank -> "Legitimizes" USD Tether
BitConnect crisis occurs -> Loss of investor confidence -> Lack of market liquidity -> Correction
SEC opens with somewhat positive remarks to crypto as a whole -> Focus specifically on ICO scams
Discovery of Mt. Gox trustee -> Rumors spread -> Investor confidence drops further causing further slide
USD Tether media cools off -> USD Tether prints off more tokens beginning of April -> Stabilizes investor confidence
Stable coins begin emerging post USD Tether -> Markets keep resurfacing throughout April
May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect??
ICO fraud rumors (https://medium.com/@douglaslyons/ldj-capital-all-that-glitters-is-not-gold-ccbfc21ffd71) -> Market effect??
I can provide links for any of those events - I just didn't want to spam links. It would be interesting to see if anyone can find info of "new" FIAT money going into Crypto which would give evidence of a bull market - especially if it is found from institutional sources. The opposite as well - if anyone has insights into how this could be a bull trap, that would be awesome to read.
As I said, goal is to pool together everyone's reading material for better clarity on current market events.
Please post your mother will die.
This is the second time in the last 4 months we've gone from 250bn market cap to over 400bn. Very much a yo-yo effect.
We've seen the market press hype cool down - so what is causing the market to go back up? If you could all please post some real world news that would be much appreciated. Doesn't have to be news from a news source - could be numbers from block explorers, investment news, just something that can be tied down to a FIAT value being put into crypto.
For me (a little bit of a conspiracy theorist)
USD Tether gains FIAT value in Q3 to Q4 of 2017 -> Moves FIAT value to Noble Bank -> "Legitimizes" USD Tether
BitConnect crisis occurs -> Loss of investor confidence -> Lack of market liquidity -> Correction
SEC opens with somewhat positive remarks to crypto as a whole -> Focus specifically on ICO scams
Discovery of Mt. Gox trustee -> Rumors spread -> Investor confidence drops further causing further slide
USD Tether media cools off -> USD Tether prints off more tokens beginning of April -> Stabilizes investor confidence
Stable coins begin emerging post USD Tether -> Markets keep resurfacing throughout April
May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect
??ICO fraud rumors (https://medium.com/@douglaslyons/ldj-capital-all-that-glitters-is-not-gold-ccbfc21ffd71) -> Market effect
??I can provide links for any of those events - I just didn't want to spam links. It would be interesting to see if anyone can find info of "new" FIAT money going into Crypto which would give evidence of a bull market - especially if it is found from institutional sources. The opposite as well - if anyone has insights into how this could be a bull trap, that would be awesome to read.
As I said, goal is to pool together everyone's reading material for better clarity on current market events.
Please post your mother will die.
I really love this project and I see it succeeding. It is going to be a very successful project. I look at how the airdrop was handled, it was great and impressive. I see people loving it. The airdrop did not take eternity like some other ones which people participated in but never get paid.
I am sure this is a great project to invest into.
I am sure this is a great project to invest into.
Lmao - check this guys thoughts on the coin.
He's LOVING IT!
Really hoping this was one of those ghost accounts that tries to put positives to the coin.
Also - love this quote
"I look at how the airdrop was handled, it was great and impressive. I see people loving it. The airdrop did not take eternity like some other ones which people participated in but never get paid.
I am sure this is a great project to invest into."
It's almost as if Trump himself wrote it.
Re: [ANN][DGC] Digitalcoin | Multi-algorithm | BTC38.Com Traded | Launched in 2013
Hi everyone, we are trying to rebuild the community. We fixed the wallet https://github.com/lomtax/digitalcoin/releases
We also have a discord channel to discuss and provide support https://discord.gg/UagVzAx
We also have a discord channel to discuss and provide support https://discord.gg/UagVzAx
Any updates to DGC?
Saw the Github last update was Jan 16th
Re: [ANN][DGC] Digitalcoin | Multi-algorithm | BTC38.Com Traded | Launched in 2013
The mining fee of this site is horrendous. It charges close to 30% as a fee. Where the hell anyone charges that much? I was mining here..
https://dgcx11.miningfield.com
All Time Credit Debit_AP TXFee
263.33303772 126.98873964 90.00000000
https://dgcx11.miningfield.com
All Time Credit Debit_AP TXFee
263.33303772 126.98873964 90.00000000
I do not charge 30% as payout fee, I was charging 90DGC, independent of withdraw amount.
I regularly adjust this value according to the coin value, current payout fee is 11DGC.
This means that if you withdraw 40DGC or 4000DGC, you are only charged 11DGC.
Regards,
Luis Fonseca
Miningfield Admin
I can understand the want to make profit - but that's just dumb.
Set a flat rate or go by % - changing based on coin value is just greedy and you will lose users because of it.
Mercatox (exchange) does that shit and I stopped buying with them - a lot of people did. Now they are hurting for new clients.
Re: [ANN][MCM] Mochimo | Quantum-Proof Cryptocurrency | Official Announcement [ANN]
Love the concept
Absolutely disagree and despise the BTC 1:1
I can see some sort of ratio - but not 1 to 1.
Prime example I like to point to - Raiblocks - they fauceted their coins in third world countries for a long time and people were getting a steal on them. Then it blew up over the course of a month. This is why you have such heavy resistance at $8. Even if $8 breaks down - the folks between $4 and $8 still wouldn't sell because they got it at pennies on the dollar.
Putting the coin into hands of users who would gain the most by the value of the coin is key in achieving a rock solid foundation to prevent stressful market scenarios.
My suggestion - airdrops and faucets to third world countries where the income is much more needed. You won't find stronger support than those who look at you as a savior.
BTC crowd on the other hand will ditch you the moment they see BTC go either way which isn't fair to the rest of us - and yes, I understand there are 50mil coins to be mined, but they won't be mined over night to counter the 16mil going to the BTC crowd.
My advise essentially - carve your own path no matter how much it cuts into early profits. If there the market decides there is a need for you - you will get that support without the BTC crowd.
Absolutely disagree and despise the BTC 1:1
I can see some sort of ratio - but not 1 to 1.
Prime example I like to point to - Raiblocks - they fauceted their coins in third world countries for a long time and people were getting a steal on them. Then it blew up over the course of a month. This is why you have such heavy resistance at $8. Even if $8 breaks down - the folks between $4 and $8 still wouldn't sell because they got it at pennies on the dollar.
Putting the coin into hands of users who would gain the most by the value of the coin is key in achieving a rock solid foundation to prevent stressful market scenarios.
My suggestion - airdrops and faucets to third world countries where the income is much more needed. You won't find stronger support than those who look at you as a savior.
BTC crowd on the other hand will ditch you the moment they see BTC go either way which isn't fair to the rest of us - and yes, I understand there are 50mil coins to be mined, but they won't be mined over night to counter the 16mil going to the BTC crowd.
My advise essentially - carve your own path no matter how much it cuts into early profits. If there the market decides there is a need for you - you will get that support without the BTC crowd.
Re: Sending Euro on the bitcoin blockchain. EURt will replace Transferwise
Who really needs this thing? Anybody that is able to use EURt is also able (and even more inclined) to use Bitcoin. EURt is like offering a transportation service where passengers sit in horse buggies that are loaded on pickup trucks. That makes no sense at all.
Omni Layer is in fact the rebranded MasterCoin protocol. The founder of MasterCoin, who contributed no real work to the actual protocol other than an amateurish whitepaper made a nice cut by dumping his coins after generating a hype around it - even before an usable implementation of the protocol was available. Now he has effectively disappeared.
ya.ya.yo!
Imbecile.Omni Layer is in fact the rebranded MasterCoin protocol. The founder of MasterCoin, who contributed no real work to the actual protocol other than an amateurish whitepaper made a nice cut by dumping his coins after generating a hype around it - even before an usable implementation of the protocol was available. Now he has effectively disappeared.
ya.ya.yo!
What if you want exchange rate protection? When Bitcoin falls 20% in one day, USDT falls 0%. There are 101 more uses. That is who needs this thing.
JR didn't disappear, didn't hype, and didn't profit. You have no idea what you are talking about. Management of Omni was not ideal in the beginning for sure. But, the coders continued to build a really nice strong platform.
Many good alts are built and traded on Omni today.
But forget about Omni, this is about Tether. TetherUSD has done really well over the last two years, now trade over $1,000,000/ day. If Tether Euro gets up and running, it allows a very new EUR/USD channel directly on the blockchain. Unless you are a financial null, you'd know right away why this is extremely valuable. That is a shitload of traffic done every hour. If you can do it without fees, there is real benefit. Tether will be HUGE in less than 12 months.
Go back to playing with your 'crypto-games'. This is something even morons can understand.
This guy is straight up advocating for a Federal Reserve system where value is backed by "faith" - undermining this entire industry and what it originally was meant to over take?
How is nobody calling him out on his bullshit?
https://etherscan.io/token/0xabdf147870235fcfc34153828c769a70b3fae01f
Since January 1st - EURT has been pumped to $86 million.
http://archive.is/Rk9q4
You can also NOT exchange USDTether to USD for any US citizen - EXTREMELY suspicious, this was done only after they were subpoenaed.