Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Fri Jan 19, 2018

SEC guidance just came out yesterday in regards to any crypto related ETF's.

Until the questions identified above can be addressed satisfactorily, we do not believe that it is appropriate for fund sponsors to initiate registration of funds that intend to invest substantially in cryptocurrency and related products, and we have asked sponsors that have registration statements filed for such products to withdraw them.


Their concerns revolve around: valuation, liquidity, custody, arbitrage, and potential manipulation. Looks like we won't see any approved ETF's in the next few months. Maybe by the end of 2018?

https://www.sec.gov/divisions/investment/noaction/2018/cryptocurrency-011818.htm
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highroller4321
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Re: Bitcoins - fad or trend?

Postby highroller4321 » Fri Jan 19, 2018

natsb88 wrote:Image



All it takes to manipulate a crypto is money (real or fake on paper). The "Whales" already pump and dump certain ones. :pop: :pop:

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Sat Jan 20, 2018

Bitcoin is going on a bit of a run right now. $12,620 at the moment.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Sat Jan 20, 2018

Total market is back over $600 billion, Bitcoin is up 8.6% over 24 hours this morning. The top coins except Ripple are green this morning. Kind of pleasant to be modestly advancing, after this week.

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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat Jan 20, 2018

SilverDoge wrote:SEC guidance just came out yesterday in regards to any crypto related ETF's.

Until the questions identified above can be addressed satisfactorily, we do not believe that it is appropriate for fund sponsors to initiate registration of funds that intend to invest substantially in cryptocurrency and related products, and we have asked sponsors that have registration statements filed for such products to withdraw them.


Their concerns revolve around: valuation, liquidity, custody, arbitrage, and potential manipulation. Looks like we won't see any approved ETF's in the next few months. Maybe by the end of 2018?


Keep it underground. CNBC and WSJ will keep beating the drum for new users. Relax and enjoy the ride.
Gentlemen prefer Engelhard.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Sat Jan 20, 2018

Here's a fun one: The founder of a Russian cybersecurity company says Bitcoin was created by U.S. intelligence agencies, and Satoshi Yakamoto is a pseudonym for a group of American cryptographers. Bitcoinist.com seems to be mocking the claim, illustrating the article with a photo of someone wearing a tinfoil hat.

http://bitcoinist.com/kaspersky-labs-co ... -agencies/

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sun Jan 21, 2018

Long John wrote:Here's a fun one: The founder of a Russian cybersecurity company says Bitcoin was created by U.S. intelligence agencies, and Satoshi Yakamoto is a pseudonym for a group of American cryptographers. Bitcoinist.com seems to be mocking the claim, illustrating the article with a photo of someone wearing a tinfoil hat.

http://bitcoinist.com/kaspersky-labs-co ... -agencies/


The article concludes...

"Of course, if the US government created Bitcoin, then they’re doing a pretty bad job at handling it. They’ve lost a ton of money by prematurely selling off seized bitcoins from the Silk Road."

Indeed.
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Silverkid
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Re: Bitcoins - fad or trend?

Postby Silverkid » Sun Jan 21, 2018

Long John wrote:Here's a fun one: The founder of a Russian cybersecurity company says Bitcoin was created by U.S. intelligence agencies, and Satoshi Yakamoto is a pseudonym for a group of American cryptographers. Bitcoinist.com seems to be mocking the claim, illustrating the article with a photo of someone wearing a tinfoil hat.

http://bitcoinist.com/kaspersky-labs-co ... -agencies/

Of course, we all know that bitcoin was created by AI.
I mean, don't we? Guys…
I prefer payment in crypto: LTC, ETH AND BTC. Also accept Google Wallet, Zelle , Postal Money Orders, and Personal Checks. Shipping prices do not include insurance. If you want insurance/registered mail, it's always extra.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sun Jan 21, 2018

SilverDoge wrote:
Long John wrote:Here's a fun one: The founder of a Russian cybersecurity company says Bitcoin was created by U.S. intelligence agencies, and Satoshi Yakamoto is a pseudonym for a group of American cryptographers. Bitcoinist.com seems to be mocking the claim, illustrating the article with a photo of someone wearing a tinfoil hat.

http://bitcoinist.com/kaspersky-labs-co ... -agencies/


The article concludes...

"Of course, if the US government created Bitcoin, then they’re doing a pretty bad job at handling it. They’ve lost a ton of money by prematurely selling off seized bitcoins from the Silk Road."

Indeed.


+1
Gentlemen prefer Engelhard.

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sun Jan 21, 2018

I enjoy listening to Andreas because he is an engineer and he doesn't hype anything (unlike many other YT channels). He shoots straight, and tells it like it is. What many impatient people don't get is a scaling problem is a GREAT problem to have. I've traded bitcoin for pennies very quickly before. That was 2013. Adoption has created this scaling issue. Had we not had major adoption, the scaling issue would never have come up. Now, we have very smart coders & engineers working layer 2 & 3 solutions. This is another reason I am not a B-cash supporter. The "easy button" solution to simply change the block size to 8 Mb is not a good long term solution. It adds to centralization, and undermines the philosophical principles of bitcoin. Layer 2 & 3 solutions are what is necessary long-term, but it is painful in the short term to have high fees and slow transaction times. You know what our problem will be in 5 years? I don't. Perhaps it will be scaling again, perhaps some other problem. I look forward to those future challenges as we decentralize money.

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Re: Bitcoins - fad or trend?

Postby cmiller17363 » Sun Jan 21, 2018

I started listening to Andreas a few days ago. His passion is obvious. The man wants to change the world and he wants freedom. He hates banks and their corruption. He is very clear in that. Bitcoin is making the dream of freedom from banks a reality and, to me, that means a scaling issue is a wonderful problem to have. These are exciting times, indeed. :pop:
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Re: Bitcoins - fad or trend?

Postby Silversummit » Sun Jan 21, 2018

cmiller17363 wrote:I started listening to Andreas a few days ago. His passion is obvious. The man wants to change the world and he wants freedom. He hates banks and their corruption. He is very clear in that. Bitcoin is making the dream of freedom from banks a reality and, to me, that means a scaling issue is a wonderful problem to have. These are exciting times, indeed. :pop:

Check out his 2 books Iternet of Money Vol. 1 & 2. They are cheap, short, easy and fun to read a few times.


https://www.amazon.com/Internet-Money-A ... t+of+money


https://www.amazon.com/Internet-Money-A ... t+of+money
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Mon Jan 22, 2018

The market is down across the board this morning. I don't know if BTC will retest the lows reached a week ago, but it's bounced off the low $10,000s a couple times today. Currently $10,610.

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Re: Bitcoins - fad or trend?

Postby fredzoyt » Mon Jan 22, 2018

Panicky Bitcoin investors struggle to withdraw cash from money exchanges as they look to ‘safe’ gold investments amid fears of cryptocurrency collapse

https://www.thesun.co.uk/news/5396239/bitcoin-price-investors-selling-gold-value-collapse/

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Re: Bitcoins - fad or trend?

Postby Silversummit » Mon Jan 22, 2018

Long John wrote:The market is down across the board this morning. I don't know if BTC will retest the lows reached a week ago, but it's bounced off the low $10,000s a couple times today. Currently $10,610.

My take is to be very cautious till at least next Monday. We could see a drop to $7500-$8500 before the weekend. IMO, big money is playing with Bitcoin at the moment to hold it back so they hit their shorts on the CME. CME futures contracts end January 26. The price did dip for the cboe futures ending last week. The markets are very unstable so be cautious.
Get $10 in bitcoin when you spend $100 with the link below.
https://www.coinbase.com/join/593f314703c4930098573eed

save 10% on all trade fee's for 6 months at gate exchange.
https://gate.io/signup/955279

binance
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Mon Jan 22, 2018

fredzoyt wrote:
Panicky Bitcoin investors struggle to withdraw cash from money exchanges as they look to ‘safe’ gold investments amid fears of cryptocurrency collapse

https://www.thesun.co.uk/news/5396239/bitcoin-price-investors-selling-gold-value-collapse/


Haha, lets count the usual suspects....

1) Claims of people putting "life savings" into crypto? Check. "investors have since taken to social media to complain they fear losing anything from a few thousand dollars to their entire "family savings"."

2) No personal responsibility? Check. "tricked into handing over the contents of their cryptocurrency wallets by scammers presenting themselves as Bitconnect "customer support"

3) Terrorists & drug dealers cliche? Check. "The largely untraceable Bitcoins are beneficial to criminals who can use them to buy drugs and weapons on online black markets on "The Dark Web"."

About 15 more of these types of articles and I'll know we are near a new BTC low.
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Re: Bitcoins - fad or trend?

Postby silverpv » Mon Jan 22, 2018

Silversummit wrote:
Long John wrote:The market is down across the board this morning. I don't know if BTC will retest the lows reached a week ago, but it's bounced off the low $10,000s a couple times today. Currently $10,610.

My take is to be very cautious till at least next Monday. We could see a drop to $7500-$8500 before the weekend. IMO, big money is playing with Bitcoin at the moment to hold it back so they hit their shorts on the CME. CME futures contracts end January 26. The price did dip for the cboe futures ending last week. The markets are very unstable so be cautious.


Not panicking, but after CME release and hopefully rebound, I'll be reducing my position significantly. To date, up 1000% from last year even after this correction. The governments and some banks are starting to lock down, so i'm gonna put some $ on the sideline.

Are you guys riding this stuff out?

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bigjohn
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Re: Bitcoins - fad or trend?

Postby bigjohn » Mon Jan 22, 2018

I am patiently waiting for the “bottom” to buy in. Are we on the bottom yet?
OPEN A COINBASE ACCOUNT AND BOTH OF US WILL GET $10
https://www.coinbase.com/join/593592a00b8e899741fd9dec

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silverpv
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Re: Bitcoins - fad or trend?

Postby silverpv » Mon Jan 22, 2018

bigjohn wrote:I am patiently waiting for the “bottom” to buy in. Are we on the bottom yet?


The banks will see how far it can go.. Let's not forget Silver/Gold a few years ago. Once the banks start manipulating, we play their game. They have all our money to use against us.

short term bottom will be 24-26 is my guess.

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Re: Bitcoins - fad or trend?

Postby bigjohn » Mon Jan 22, 2018

silverpv wrote:
bigjohn wrote:I am patiently waiting for the “bottom” to buy in. Are we on the bottom yet?


short term bottom will be 24-26 is my guess.

What’s 24-26?
OPEN A COINBASE ACCOUNT AND BOTH OF US WILL GET $10
https://www.coinbase.com/join/593592a00b8e899741fd9dec

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