Re: Crypto miners dump computers en masse

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Jimmy wrote: Tue Nov 27, 2018 2:43 am

Exactly. I think it's bullshit, I mean what's with the whole overreacting and dumping good computer gear out?

Even thought Bitcoin is worth less than it costs to mine now you'd think they would at least HODL onto their gear right? :lol:
I know, right? It's terribly melodramatic. One has to wonder how old were these cryptocurrency miners because what adult reacts like that?


Re: Bitcoin news

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Ohio became the first US state to allow bitcoin payments for a wide range of corporate taxes.

Starting this week businesses throughout the state are allowed to use the crypto coin to pay for as many as 23 taxes with just 1% fee, which is a smaller charge than the standard 2,5% credit card fee.

For the time being the authorities in Ohio accept only Bitcoins and not any other of the major crypto coins like Ethereum, Ripple, Monero or Dash. Also, the option is limited to corporate taxes and citizens are not allowed to pay personal taxes with the crypto currency.

Extinction chart pattern

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Technical Analysis Update BTC/USD


Source: https://mobile.twitter.com/AntonKreil/
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Re: Bitcoin news

84
The lack investor protection hinders the approval of Bitcoin exchange-traded funds (ETFs) said the Securities and Exchange Commission (SEC) chairman Jay Clayton.

The main concern for Chairaman Claiton remains the fact that cryptocurrencies can still be too easily stolen or manipulated on the so called crypto exchanges. The remarks were made at the Consensus Invest Conference in Manhattan, New York. He added that the problem has to be resolved before SEC would make any move to allow the first Bitcoin ETFs.

“What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation,” Clayton said, adding that such “kinds of safeguards do not exist currently in all of the exchange venues where digital currencies trade… It’s an issue that needs to be addressed before I would be comfortable.”

Bitcoin is dead says early adopter

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Bitcoin [BTC] is dead in the long-term; Litecoin has been dead for a while, says Bitcoin early adopter


The whole cryptocurrency market has been bleeding ever since the bear stepped in, earlier this year. Along with all the cryptocurrency witnessing a drastic fall, quite similar to its drastic rise, it also drew the attention of the entire world including well-known politicians, media outlets and celebrities.

The one cryptocurrency majority of the people around the world have heard of, at least once, is Bitcoin, the largest cryptocurrency by market cap. This was solely because of the hike in its price, wherein Bitcoin almost reached $20,000.

However, the virtual currency has crushed the sentiments of its investors as the coin is now touching its lowest points from its all-time high. Today is one of the days the cryptocurrency marked another low point, wherein the coin reached over $3130.29 on Coinbase.

Apart from its price, the coin was recently in the spotlight because of a statement made by Atulya Sarin, a professor at Santa Clara University. The professor stated that the cryptocurrency is on its path to zero as it has entered the death spiral phenomenon, because of its price falling below the mining cost.

Now, an early Bitcoin adopter has stepped in and remarked that Bitcoin is dead. The person in the spotlight this time is Erik Finman, a teenager who ended up becoming a Bitcoin millionaire during the 2017 bull run. Additionally, Finman has reportedly been investing in Bitcoin since 2011. In an interview with MarketWatch, he said:

Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last. It may have a bull market or two left in it, but long-term, its dead.

Bitcoin was not the only currency critized by the teenage millionaire. Litecoin [LTC], the seventh-largest cryptocurrency, also joined his bandwagon, stating that Litecoin has “been dead for a while”. Finman went on to say:

It’s like when the sun is going down and there’s that eight minute period just before it goes dark. Litecoin is in its seventh minute.

Nonetheless, he considers that cryptocurrencies which are project driven possess the potential to succeed, with his top picks being Ethereum [ETH], ZCash [ZEC], and Bitcoin Cash.

Source: https://ambcrypto-com.cdn.ampproject.or ... &amp_gsa=1#
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Re: Bitcoin news

86
The Autorité des marchés financiers (AMF) warned the public against 30 crypto trading websites, among which is those of Bitcoinoie. The regulator stated that these websites provide unauthorized online investment services in cryptocurrency derivatives in France.

Bitcoinoie is a CFD broker, focused on the crypto market. Unlike crypto-exchanges for which still there aren’t formal regulations in many jurisdictions, CFD providers have to be licensed as financial services providers in most countries, including in France and on a European level.

Here is the complete list of websites blacklisted by the AMF.

Re: Bitcoin news

87
mlawson71 wrote: Tue Dec 18, 2018 1:16 am The Autorité des marchés financiers (AMF) warned the public against 30 crypto trading websites, among which is those of Bitcoinoie. The regulator stated that these websites provide unauthorized online investment services in cryptocurrency derivatives in France.

Bitcoinoie is a CFD broker, focused on the crypto market. Unlike crypto-exchanges for which still there aren’t formal regulations in many jurisdictions, CFD providers have to be licensed as financial services providers in most countries, including in France and on a European level.

Here is the complete list of websites blacklisted by the AMF.
Good article brother thank you for this post :thumbup:
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Bitcoin: Reclaims mount 4k but for this breakout, $4,200 is the line in the sand

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Bitcoin: Reclaims mount 4k but for this breakout, $4,200 is the line in the sand

  • BTC rallies in first sign of the cup and handle rally.
  • Needs to cross past $4,200 for any sustainable breakout.

Bitcoin, the poster boy of crypto world, is giving signs of breakiing out of the cup and handle pattern formation as mentioned by this author in Saturday's article (read here). Condition - crossing past the critical $4,200 mark.

BTC/USD is up about six cents of a percent and just above pyschologically important mark of $4,000, trading in just about one percent range for the day. Low volatility and lower volume is a sign of weekend trading but for any meaningful breakout, volumes need to rise, which may not come through given that we're in a holiday season.

If Bitcoin bulls are indeed able to take it past the breakout point, then next immediate key resistance is at $4,250 - 50 days exponential moving average and then all the way towards the target zone of $5,200.

BTC/USD 180-minute chart:
Source: https://www.fxstreet.com/cryptocurrenci ... 1812230443
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BTC Price Makes Another Run At $4,000

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mlawson71 wrote: Sun Dec 30, 2018 1:47 am It's consolidating around $4,000 but I doubt it will rally further by the end of the year.
Yes agreed. False hope for Bitcoin bulls I think but we'll see how it goes.

BTC Price Makes Another Run At $4,000 While S&P 500 And Dow Start A Downturn


The entire crypto market but especially Bitcoin made a bold leap towards new highs after getting rid of the massive sell-off pressure and in the latest bitcoin news, we can see that S&P 500, Dow Jones Industrial Average and others started declining.

Bitcoin has been hovering near the $3,600 level during the day after it slipped below $3,567 just last night. However, just a few moments ago the BTC price spiked by more than $200 and took the number one cryptocurrency to $3,861 in just a few seconds.

Other cryptocurrencies mimicked the motions that Bitcoin did and Ripple, in particular, grew to $0.365. Ethereum also increased to $127 so now the entire crypto market is targeting the $128.4 billion level which is an increase by $8 billion or 6.7 percent.

As with any rally that happens on the market, the reasons behind this one are also not entirely clear. However, bitcoin futures expire today on CME so it is possible that one of the many factors could be this one since volatility often shows up after the expiration of crypto futures contracts.

While the crypto market is not entirely related to traditional equities, the Bitcoin price movement upwards happened at the same time as the stock market began going south.

Both S&P 500 and Dow record notable drops in the past couple of hours which clearly means they erased all the pre-market gains. At press time, Dow is down by 0.37 percent and S&P 500 is down by 0.28 percent. Nasdaq also showed a 0.42 percent drop.

Source: https://www.dcforecasts.com/btc-price-m ... -downturn/
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