Is anyone else starting to become a bit worried? mod note in first post

Truckermal

After a cracking week and then BNB soars beautifully! Thinking about converting it back to TRX or BTT now they have dumped..

JJJJNR

Anyone know why litecoin is looking like it's about to pump to the moon.

rapul

JJJJNR wrote: »

Anyone know why litecoin is looking like it's about to pump to the moon.

Block halving and confidential transactions are going to be implemented all this year

Dohnjoe

Truckermal wrote: »

After a cracking week and then BNB soars beautifully! Thinking about converting it back to TRX or BTT now they have dumped..

I wouldn't call them dumped yet. BTT is over 600% of ICO, and Tron has been the same price for most of the month

Tinder Surprise

I'm not gonna get my desired $100 ETH buy order, am I?

unkel

We might never seen $100 ETH again...

Truckermal

Dohnjoe wrote: »

I wouldn't call them dumped yet. BTT is over 600% of ICO, and Tron has been the same price for most of the month

Yes but they lost a bit though! I went back to Tron Sunday evening to get my BTT tokens...

Dohnjoe

Truckermal wrote: »

Yes but they lost a bit though! I went back to Tron Sunday evening to get my BTT tokens...

I don't know how you guys do this, I decided to take a sure bet and sold some Ark during the second peak the other day (and on a supply locked Binance) and I was absolutely sweating waiting for it to drop so I could rebuy the amount lower

I couldnt do that stuff on a weekly/daily basis. I'm pretty much buy and hold

Truckermal

Dohnjoe wrote: »

I don't know how you guys do this, I decided to take a sure betu and sold some Ark during the second peak the other day (and on a supply locked Binance) and I was absolutely sweating waiting for it to drop so I could rebuy the amount lower

I couldnt do that stuff on a weekly/daily basis. I'm pretty much buy and hold

It don't always work I bought Bitcoin cash before the fork and it plummeted as I never checked it for 2 day's!

JJJJNR

Converted my eth to Litecoin, exciting times..

Dohnjoe

JJJJNR wrote: »

Converted my eth to Litecoin, exciting times..

All of your Eth? reasons why? did you do it after the LTC spike?

el diablo

unkel wrote: »

We might never seen $100 ETH again...

Pretty sure we'll go below $100 ETH and $3,000 BTC in the coming months. We haven't seen the bottom yet.

JJJJNR

Dohnjoe wrote: »

All of your Eth? reasons why? did you do it after the LTC

I read it wrong but got out just in time with a nice profit and more experience gained.

Back in shortly I'd say

Dohnjoe

JJJJNR wrote: »

I read it wrong but got out just in time with a nice profit and more experience gained.

Back in shortly I'd say

Ah good, good. Have both but would never switch Eth for LTC. Many are speculating that the LTC price rise was due to traders already factoring the halvening in several months

sexmag

https://www.coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency wow this is pretty big

Dohnjoe

sexmag wrote: »

https://www.coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency/ wow this is pretty big

It's mixed, on the one hand is shows adoption of blockchain and DLT - on the other it shows that many cryptos (that we speculate on) could be redundant

smacl

sexmag wrote: »

https://www.coingape.com/jpmorgan-launches-jpm-coin-first-bank-launch-cryptocurrency wow this is pretty big

Seems to be another stable coin, so its impact depends whether it is offered as a trading pair on the major exchanges. Could well be a closed block chain, which IMHO is of very limited value as it isn't a trustless system if it is fully controlled by the bank, i.e. wholly owned distributed ledgers aren't immutable unless the blockchain is publicly visible at all times. I'll be interested in seeing how it rolls out.

JJJJNR

Has there been any research done on how a hard brexit would affect the crypto price. Could it see a spike as people try to hedge sterling price volatility.

Dohnjoe

JJJJNR wrote: »

Has there been any research done on how a hard brexit would affect the crypto price. Could it see a spike as people try to hedge sterling price volatility.

It's crypto, "research" is a blind man throwing darts at a dartboard

smacl

JJJJNR wrote: »

Has there been any research done on how a hard brexit would affect the crypto price. Could it see a spike as people try to hedge sterling price volatility.

I think unless the Brits try to take back India while ceding the North to the newly independent Welsh republic, crypto will remain rather more volatile than sterling

unkel

smacl wrote: »

crypto will remain rather more volatile than sterling

Unlike sterling, crypto has a decent chance to go up in value over the next few years :pac:

Dohnjoe

unkel wrote: »

Unlike sterling, crypto has a decent chance to go up in value over the next few years :pac:

And so it should, it's 90% down in one year

unkel

Dohnjoe wrote: »

And so it should, it's 90% down in one year

It could go down another 90% this year too

smacl

unkel wrote: »

Unlike sterling, crypto has a decent chance to go up in value over the next few years :pac:

True, but I wouldn't be using any the the current cryptos to hedge against fluctuations in Sterling. The biggest effect of Brexit on Sterling happened when it was decided the referendum would take place and then when it passed, with the guts of a 30% drop from previous highs. It could well continue to fall as the UK economy struggles, but I reckon it will be a slow bleed. Where crypto is going is anyone's guess.

Bob24

smacl wrote: »

True, but I wouldn't be using any the the current cryptos to hedge against fluctuations in Sterling. The biggest effect of Brexit on Sterling happened when it was decided the referendum would take place and then when it passed, with the guts of a 30% drop from previous highs. It could well continue to fall as the UK economy struggles, but I reckon it will be a slow bleed. Where crypto is going is anyone's guess.

Plus rises and falls are all relative. If we had another financial crisis and Greece type of situation (or even worst with Spain, Italy, or France) the Euro could well implode. The Sterling could then seem like it would have been a good protection against the depreciation of the new Irish pounds our euros have been turned into. Not saying it will happen, but the likelyhood is far from insignificant.

cnocbui

Bob24 wrote: »

Plus rises and falls are all relative. If we had another financial crisis and Greece type of situation (or even worst with Spain, Italy, or France) the Euro could well implode. The Sterling could then seem like it would have been a good protection against the depreciation of the new Irish pounds our euros have been turned into. Not saying it will happen, but the likelyhood is far from insignificant.

They are having a massive financial crisis in Venezuela with 10 million percent inflation forecast - Bitcoin use there has surged massively as a result.

Bob24

cnocbui wrote: »

They are having a massive financial crisis in Venezuela with 10 million percent inflation forecast - Bitcoin use there has surged massively as a result.

Yes I was more referring to GBP vs EUR, but agree that a financial crisis - especially in a more significant country to the global economy than Venezuela - could very much boost cryptos and establish one or more of them as an effective way to store/trade value outside of governement control and local currency fluctuations.

Having said that it would also be a risk for the crypto industry as if cryptos are seeing as underminding governments ability to address a crisis or influence their economies though usual monetary/financial instruments, there would immediately be thoughts of making crypto ownership illegal. As happens with gold in the past: https://en.wikipedia.org/wiki/Gold_Reserve_Act

cnocbui

Good luck with the making it illegal bit. First shut down the internet. As for Gold - the Swiss have vaults for that. I believe one at least is accessible at a major airport terminal.

Bob24

cnocbui wrote: »

Good luck with the making it illegal bit. First shut down the internet. As for Gold - the Swiss have vaults for that. I believe one at least is accessible at a major airport terminal.

Making ownership illegal doesn’t mean you have to control access to it. So no need to shut down the internet :-)

Just establish that any business in the country which has anything to do with crypto will be shut down immediately, and then impose a legal requirement for any resident in the country who holds crypto to declare it to the authorities and dispose of it within a certain timeframe. Lastly establish harsh legal punishment for anyone who is not complying.

And you’re done making it illegal.

You can then be garanteed that any legit business will not take any chance touching crypto, meaning it’s done as a way to buy anything within the country.

Many people will also immediately dispose of what they have for fear of legal consequences.

Will there still be underground use of crypto? Yes and you can track it down and make and exemple once in a while. But it will effectively be gone from the country and mainstream use will be impossible.

cnocbui

Absolute rubbish. Drugs are illegal, alcohol is illegal in many places, prositution is illegal in many places - etc, etc, etc. All these illegal things are available in the places where they are illegal.

...data from LocalBitcoins shows that Bitcoin being illegal hasn’t stopped people from trading it in countries like Morocco and Vietnam.

Others on the list have their own reasons. Ecuador, for example, was the first country to launch its own digital currency in 2014 and simultaneously decided to ban any competition.

Unfortunately for Ecuador, however, the experiment seems to have failed.

https://bitcoinist.com/11-countries-bitcoin-still-illegal/

Government Ban On Bitcoin Would Fail Miserably

https://www.forbes.com/sites/jonmatonis/2013/01/28/government-ban-on-bitcoin-would-fail-miserably/