What homework looks like! Trying to figure out which altcoins are good or bad... I really like Ripple, Monero, Zcash & Lumen as of right now. Everything on my list pictured above are coins I am interested in. Anybody have their favorite right now?
'Buy the rumor, sell the news' is something that happens in most markets, particularly financial. Sometimes traders trade based on what they believe will occur in a given economic report or event (the rumor). Once the event passes or the report is released (the news), they dump their positions and the market moves.
5 334 hours ago
Explaining Cryptocurrencies and How to Get Started!
2 294 hours ago
BREAKING NEWS! Bitcoin futures on Monday in two exchanges, ( CBE & TD Ameritrade) Will we see a successfull rise at the bitcoin Price as we did on the CBOE btc futures? Only time Will tell!
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Gains today! I largely suspect this is because of the internal improvements with Coinbase and blockchain that have been restricting growth. I think $20K by January is still on track!
1 267 hours ago
I tell you one thing: Bitcoin could fail, Fiat money will fail.
There are a number of major roadblocks that are preventing Bitcoin from becoming a mainstream currency. Business Insider UK spoke with Garrick Hileman, who is a member of the University of Cambridge Research Fellow, about cryptocurrencies, and how Bitcoin could become a mainstream currency.
He believes that there are two key factors that are holding Bitcoin back from becoming a mainstream currency, and would limit the ability for it to be used for everyday purchases.
One of these factors is the high-transaction fees for every Bitcoin exchange. He writes; “It is used for payments but with transaction fees running as high as $20 per transaction that makes using Bitcoin for something like buying coffee prohibitively expensive…The transaction fee situation would need to improve with new technologies like Lightning, for example, that may be on the not-so-distant horizon.” The second factor is that it is incredibly volatile. The value of Bitcoin fluctuates much quicker than other traditional, and more stable currencies. “The volatility of Bitcoin is another thing that would probably prevent it from being a widely used currency and here you could look at the advent of stable coins as another potential solution to Bitcoin’s volatility problem.” Despite the above factors, he does believe that Bitcoin has the potential to become a more widely used currency, especially as it just continues to grow in popularity. He goes on to say; “With tens of millions of people using Bitcoin already as an asset and the rate of growth, if that were to sustain it wouldn’t take long for Bitcoin to get to a user base of 100 million or more…it can make it much more likely for people to start to use it not just as an asset but actually to settle payments with each other.” #bitcoin#bitcoins#blockchain#блокчейн#Биткойн#криптавалюта#ФинТех#bitcoinasia#bitcoinnews#bitcointechnology#bitcointraiding#bitcoinguru#bitcoinprice#bitcoinbillionare#bitcoinmining#bitcoinexchange#altcoin#ethereum#money#cash#fintech#crypto#cryptoworld#cryptocurrency#cryptocurrencies#forex#wallstreet#litecoin#passiveincome
The South Korean government held an emergency meeting to evaluate the state of the local cryptocurrency exchange market and trading of digital currencies.
A South Korean central bank official stated that the government plans to introduce various regulatory measures on Friday, December 13, with urgency given the recent rise in demand for bitcoin and other cryptocurrencies from the traditional finance sector
Immediately after the announcement from the South Korean central bank official, the stocks of cryptocurrency exchange holding companies reportedly slumped, in the range of 4 to 8 percent.As of current, the South Korean cryptocurrency and bitcoin markets have no regulatory frameworks and policies in place, and exchanges have complete freedom over the market.The South Korean government has become increasingly concerned with cryptocurrency-related ponzi schemes in the local market. Tens of thousands of investors have fallen victim to cryptocurrency-related scams over the past year. One scam project, in particular, stole $200 million from its victims by marketing itself as a bitcoin consultancy firm and stealing funds from its victims.In the South Korean market, the vast majority of investors move through word of mouth communication. Tony Lyu, the co-founder and CEO of Korbit, the $140 million cryptocurrency exchange, stated:“Word just spreads really fast in Korea. Once people are invested, they want everyone else to join the party. There’s been this huge, almost a community movement around this.” One major issue with the current structure of the South Korean bitcoin and cryptocurrency exchange markets is that many investors are trying to invest in cryptocurrencies through unregulated over-the-counter (OTC) markets and direct contacts. As such, investors increasingly fall victim for ponzi schemes and obvious scams.