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Author Topic: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)  (Read 70449 times)
EvilPie
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« Reply #915 on: February 14, 2018, 04:23:43 PM »

Is diagram supposed to represent Bitcoin negatively?

Going chronologically the peaks are higher every time. Also the low gets progressively higher in all but one instance.

Looks like quite a stable long term investment if we take this set of charts in isolation.

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« Reply #916 on: February 15, 2018, 07:35:51 AM »


The resilience of these Cryptos is remarkable, look how its bouncing back yet again

A week ago when it dropped into the 5000 range everyone was shouting "game over" and here it is now challenging the 10000 mark yet again
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Jon MW
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« Reply #917 on: February 15, 2018, 08:54:50 AM »


The resilience of these Cryptos is remarkable, look how its bouncing back yet again

A week ago when it dropped into the 5000 range everyone was shouting "game over" and here it is now challenging the 10000 mark yet again

Aren't they only owned by a (relative) handful of people though?

I saw the figure of less than a 1000 people own 80% of Bitcoin for example (although they didn't put a source for that figure).

As long there's at least a background buzz of publicity and demand doesn't it just mean that they can pretty much control the market to suit whatever purpose they want? That's pretty much what the massive volatility made me think of anyway.
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lucky_scrote
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« Reply #918 on: February 15, 2018, 09:18:53 AM »

At the time of typing this message the top 1000 addresses own 35.04% of all bitcoin and top 10000 56.44% respectively. Note that I said addresses and not people since it is possible for someone in the top 1000 to own two addresses.

I would say that the fact that some people own a lot of bitcoin has very close to zero reason why bitcoin is so swingy. You sometimes see 1000btc buy and sell walls (and often get obliterated) on the bigger exchanges. As of September last year around 1600 addresses owned 10k btc or more, if these sorts of addresses were to dump their btc on to the exchanges then you would probably see a bit of price movement.

The reason for such big swings is because bitcoin isn't tangible to a company that releases it's profit and loss. It is much easier to evaluate a company on the stock exchange and therefore the agreed value on such stocks have a much lower range. Bitcoin is a completely new technology and despite everyone who wants one agrees it has some value, that value is purely determined on market sentiment! New scary technology + no price tangibility + relatively low market cap + FUD and FOMO able to spread so quickly because it's 2018 = EXTREME volatility.

Until we see bitcoin replace gold and we start to see market sentiment become somewhat irreversible for a long period of time, we can expect volatility to be extreme.
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« Reply #919 on: February 17, 2018, 08:24:42 AM »

At the same time, Western Union, one of the oldest money transfer companies, has confirmed it is testing Ripple’s Blockchain-based settlement system.

George Soros, who had earlier referred to cryptocurrencies as a “typical bubble” has invested in Overstock, through his investment fund. Overstock is one of the most pro-cryptocurrencies businesses, and its stock price has appreciated immensely as the cryptocurrencies skyrocketed.

This shows that the mainstream businesses are slowly recognizing the value of blockchain technology.
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Longines
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« Reply #920 on: February 17, 2018, 12:21:33 PM »


This shows that the mainstream businesses are slowly recognizing the value of blockchain technology.

Not sure there is anything slow about it.

https://www.accenture.com/us-en/success-blockchain-contracts

 Click to see full-size image.


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RED-DOG
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« Reply #921 on: February 17, 2018, 12:33:56 PM »



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Hahah

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« Reply #922 on: February 17, 2018, 12:38:24 PM »


^^^^^^

Ha, superb.
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« Reply #923 on: February 19, 2018, 10:18:09 AM »

https://www.youtube.com/watch?v=uCKAQVv_Ivw

Entertaining video by Doug Polk, he outs a British youtuber Suppoman who has been scamming his community by charging them to take two courses allowing them to have exclusive access to a secret ICO. Unfortunately, the ICO (Seele) was widely known to the crypto community it was no secret. Just to rub it in, someone has managed to scam $1.8m out of investors by posing as the ICO's administrator. The Investors Compensation Scheme no good here.

If ever this space seriously needs to be regulated sooner rather than later this is an example. Whilst Doug is funny in the way he outs dubious practices, he should stick to poker Smiley.
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« Reply #924 on: February 19, 2018, 12:22:28 PM »

https://www.youtube.com/watch?v=uCKAQVv_Ivw

Entertaining video by Doug Polk, he outs a British youtuber Suppoman who has been scamming his community by charging them to take two courses allowing them to have exclusive access to a secret ICO. Unfortunately, the ICO (Seele) was widely known to the crypto community it was no secret. Just to rub it in, someone has managed to scam $1.8m out of investors by posing as the ICO's administrator. The Investors Compensation Scheme no good here.

If ever this space seriously needs to be regulated sooner rather than later this is an example. Whilst Doug is funny in the way he outs dubious practices, he should stick to poker Smiley.

why?
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StuartHopkin
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« Reply #925 on: February 20, 2018, 08:48:16 AM »

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« Reply #926 on: February 26, 2018, 06:12:49 PM »

So Craig Wright, a man who claimed to be Satoshi previously, but failed to sign a relevant public key, effectively eliminating himself as one of the people in the world who Satoshi actually could be, is being sued.

"Dave Kleiman’s estate just filed a claim against Craig Wright. The lawsuit was filed by Boies Schiller Flexner lawyers Devin "Velvel" Freedman (https://www.bsfllp.com/lawyers/velvel-devin-freedman.html) and Kyle Roche (https://www.bsfllp.com/lawyers/kyle-roche.html). It claims that shortly after Dave' death, Craig employed an elaborate scheme to steal between 550K and 1.1M bitcoins and other intellectual property owned by W&K Info Defense Research LLC - a Florida company Dave owned.

The complaint publishes documents evidencing a long history between Craig and Dave, including documents demonstrating their early involvement in Bitcoin mining. Interestingly, while the complaint discusses Craig’s claim to be Satoshi, it seems to really focus on evidence Craig and Dave mined bitcoin – as Satoshi’s identity is irrelevant to whether Craig stole from Dave.

Craig’s twitter silence is deafening...

Complaint: https://www.scribd.com/document/372445546/Bitcoin-Lawsuit Exhibit 1: http://www.lrb.co.uk/v38/n13/andrew-ohagan/the-satoshi-affair Exhibit 2: https://www.scribd.com/document/372445131/Exhibit-2 Exhibit 3: https://www.scribd.com/document/372445130/Exhibit-3 Exhibit 4: https://www.scribd.com/document/372445139/Exhibit-4 Exhibit 5: https://www.scribd.com/document/372445132/Exhibit-5 Exhibit 6: https://www.scribd.com/document/372445133/Exhibit-6 Exhibit 7: https://www.scribd.com/document/372445134/Exhibit-7 Exhibit 7A: https://www.scribd.com/document/372445135/Exhibit-7A Exhibit 8: https://www.scribd.com/document/372445137/Exhibit-8 Exhibit 9: https://www.scribd.com/document/372445138/Exhibit-9 Exhibit 10: https://www.scribd.com/document/372445144/Exhibit-10 Exhibit 11: https://www.scribd.com/document/372445141/Exhibit-11 Exhibit 12: https://www.scribd.com/document/372445140/Exhibit-12 Exhibit 13: https://www.scribd.com/document/372445151/Exhibit-13 Exhibit 14: https://www.scribd.com/document/372445147/Exhibit-14 Exhibit 15: https://www.scribd.com/document/372445142/Exhibit-15 Exhibit 16: https://www.scribd.com/document/372445145/Exhibit-16 Exhibit 17: https://www.scribd.com/document/372445146/Exhibit-17 Exhibit 18: https://www.scribd.com/document/372445149/Exhibit-18 Exhibit 19: https://www.scribd.com/document/372445148/Exhibit-19 Exhibit 20: https://www.scribd.com/document/372445150/Exhibit-20"

https://www.reddit.com/r/Bitcoin/comments/80e2l9/10_billion_lawsuit_filed_against_craig_wright/

Boies Schiller is a serious firm and the documents seem legitimate but its still early and the guy has made himself a target.

Also announced today was Circle buying Poloniex. Poloniex is one of the bigger altcoin exchanges with primarily alt/btc markets. It uses USDT as fiat and doesn't accept USD deposits. In a deal reportedly worth $400m the Goldman Sachs backed startup who pivoted away from Bitcoin in late 2016 to try and compete with Venmo are back. Bitcoin has moved around 10% today to break the 10k mark again, presumably on the back of this news, although the Poloniex markets alt/btc haven't moved on the presumption of liquidity so it might be a bit of a stretch to put everything on this.

https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-major-crypto-exchange-poloniex-idUSKCN1GA1N4
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DMorgan
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« Reply #927 on: February 26, 2018, 08:07:39 PM »


Great read, thanks for posting  thumbs up
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rfgqqabc
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« Reply #928 on: February 26, 2018, 10:07:31 PM »

http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

Another article on the Circle purchase.

Yeah Dan its one of the real world situations that are crazier then any movie. Saw claims from a reliable source as twitter could be saying they had seen the docket so it seems pretty legit.
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« Reply #929 on: February 27, 2018, 12:05:00 AM »

https://steemit.com/cryptocurrency/@cryptoasis/blocknet-a-hidden-gem

One of my favourites blocknet will be launching their DEX on March 1st. It's not really highly anticipated since blocknet are an old project that didn't even have an ICO. They have spent zero on marketing but are really starting to pull some strings right now. I think decentralised exchanges will play a big role of the crypto future.
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