Alibaba is going to partner up with a concept...some words on paper?

Thought this was interesting. Guy I work with decided to withdraw 1k from an online Sportsbook. They called him and said if he changed the withdrawal to take payment in bitcoin, they would give him an additional $100 and help him set up a wallet. He declined and said ‘I’ll just take USD please’.

I would have taken the 1100 in Bitcoin.

Idk that’s the word. Some old alibaba guys work for tron now I read.

Who knows.

What's stopping you from creating a cryptonews website/Facebook page/Twitter account/whatever and posting fake news that you execute trades on before everyone else?

if you think you're smart enough to dupe lots of people, go for it. i think you'll discover it's far harder and more time consuming than you think, not just to make a convincing fake, but to attract enough people to it to matter, let alone getting them to actually spend money based on your lies.

and then assuming all that happens, then eventually if you got found out (the internet is far less anonymous than most people realize) you might be facing consequences from multiple fronts ... legal, social, and employment based potentially, sure, but also any shady individuals you happened to dupe might come after you in various ways.

I traded out most of my TRX the other day. I bought in at like $0.0018 and sold over $0.16 or so. Made over $2000 on a $20 joke investment. Literally a 100x gain after accounting for extra TRX I was given in free airdrops. Absolute insanity. Doubt I’ll ever have that kind of dumb luck in crypto again.

I was going to let it keep riding, but I saw that Sun’s presentation was a flop and then news broke out that TRON’s whitepaper is mostly a copy/paste job from other tokens’ whitepapers, then I knew I had to get out.

I kept only 1000 TRX. In my opinion, Justin Sun is likely a conman but TRX has enough money flowing into it that they could hire a world class team to actually build TRON into a real project worthy of its hype. In that case, I won’t have completely missed the boat by selling now, but I’m happy enough to take my fresh gains and invest them in a bunch of currencies I’ve been interested in.

you have got to be kidding me. some of y'all's internal alarm bells are broken.

yeah it could all be a scam, I mean look at doge, started as a joke and is worth 1b now and its not even on binance yet. Like I posted earlier if I was one of these guys I worth just cash out my billions and bugger off never to be seen again, why even build anything? you are all of a sudden one of the richest people alive so who cares just go live life

nice, I regret not buying earlier. bought at .20 the day it went to .30 and like a dummy left it in thinking it was still going to moon and gave up when it dropped back to around .20

I hope it goes to about .10 at least it will be cheap to rebuy if anything every comes of it and it goes back up

safest thing right now seems to be just buy the dips on eth and btc, at least 10% fluctuations but only thing kind of guaranteed to go back up

Basically, haha. I figure I’ve already cashed out the meat of it, it wouldn’t hurt to keep about $150 worth of it when I only paid about $2 for it. I don’t have faith it won’t drop to $0 after the scandals, but the altcoin market is pretty irrational.

If you take the time to truly understand blockchain technology that is where the power of all this “cryptocurrency” talk lies...

The market as an investment source is a totally different conversation. I myself have made a good chunk of change in the crypto market.

I see a future where we control our “money” through a decentralized transparent system... This is what the “blockchain” and the blockchain ledger is all about. I think it’s a very promising technology, and is already being totally adopted in countries like Europe, China and others.

Cheers to those that have taken the time to educate themselves on this topic, it’s a very exciting conversation.

anyone read anything about Dentacoin (cryptocurrency for dental transactions)? supposedly 4 clinics startied to adopt this currency:
http://www.dentistry.co.uk/2017/12/12/dental-practice-starts-accepting-cryptocurrency-dentacoin/

It's REALLY low right now, and it's in a dip. Might be worth tossing $10 at it and seeing if it goes anywhere. It's at 1/2 a cent right now:
https://coinmarketcap.com/currencies/dentacoin/#markets

hitbtc.com is accepting new users, and the interface is decent.

Also Kodak is starting their own cryptocurrency to stay relevant
http://www.bbc.com/news/technology-42630136

Why do dentists need their own crypto? Makes no sense.

Also not a big fan of companies issuing their own crypto.

We don't need 10,000 different coins for every little thing.

10 years ago people said we don’t need 9 million Kat videos online either... look what we have today... YouTube, Vimeo, vine, etc...

read the kodak article. I was being snarky with the "relevant" comment. They want photographers to be able to sell their work through crypto payments.

"how do i buy bitcoin?" "it's easy. just go online and give them your credit card number."

clearly nobody at Late Night has ever bought any bitcoin. :/

(Other than that, though, amusing video!)

http://thehill.com/policy/finance/368047-dimon-i-regret-calling-bitcoin-a-fraud

JPMorgan Chase CEO Jamie Dimon has walked back his criticism of bitcoin, saying its underlying technology could be useful for financial markets.

Dimon told Fox Business in an interview aired Tuesday that he regrets calling the cryptocurrency “a fraud,” but that he’s still “not interested that much in the subject at all.”

Market cap is already $1.39 billion though. I think this coin has already multiplied as much as it will. If the total supply was worth $14 million instead, I think that would have been a better experiment.

We still don't.

Dogecoin (market cap as high as $2 billion) could be used by dog walkers and dog groomers!

I remember when that was just a joke coin.

Is Coinye still around or did Kanye West shut that down?

This is my favorite of the joke coins...
https://bitcointalk.org/index.php?topic=294383.0

The joke coins do serve a very valuable service though. They are a no-risk way to learn how to program blockchain technology for the devs and a no-risk way to learn the basics for the investor without having a lot of skin in the game. I'm much more comfortable investing in someone that has one or 2 of these projects on their resume. As long as it's not *just* these kinds of projects.

TRON is a joke.
https://www.ccn.com/tron-uses-creative-marketing-to-hype-baofeng-partnership/

Still is.

Makes Dogecoin look like a good investment.

Even better from Kodak (WTF?)

http://bitcoinist.com/scammed-kodak-bitcoin-miner-lie/

VERY interesting article - https://www.ccn.com/bitcoin-dollar-real-bubble-no-one-talks/

Of course the 1st question I have is what sort of time frame are they talking about?

Link to the 5 part podcast - https://www.macrovoices.com/

https://www.ccn.com/trons-whitepaper-appears-plagiarize-filecoin-ifps/

Yeah tron is looking worse by the day. Still the highest traded coin on binance but also the cheapest.

I am starting to get a real bad feeling about tron and just a week ago I thought there future was very bright.

Ask yourself why that much volume runs through Tron yet the needle doesn’t move. Ask yourself why any run results in slow, methodical, panic free price drops to below 800.

Example from yesterday, after a spike to 806 for a minute someone dragged the price down to 799 and front loaded the supply there with 4.6m shares not allowing anyone back up. It was held there for 10 minutes straight until sellers relented and sold off. Price dropped again. Someone with some capital knows something and is consolidating shares on the cheap.

DD499C43-355A-43D6-89E7-3DC92E2F2F22 (resized).jpeg

Happening AGAIN right now btw.

DCDCEC44-76C8-4D6F-AA6B-D96A00AB6B98 (resized).png

sorry guys, i believe in the blockchain and cryptocurrency in general, and in many of the current existing coins, too, but .... this alt-coin *market* right now is total BS. it's all whales forming cabals and colluding to manipulate prices. it's a shame that interesting technological ideas are being totally subsumed by boring old corrupt financial ones.

it's easy to make money right now since money is simply flooding into the market from all corners of the earth, but i dunno. be careful, folks.

And it only took 24 pages to come around to reality.

nope, re-read what i wrote. nothing like your position. also, i'm talking about obscure alt coins, not the major players like bitcoin and monero and so on.

anyone who put money into bitcoin the day you posted this has seen a 300% return on their investment (in 90 days). it's about as wrong as someone can be about something.

My position has always been that this is speculation not an investment. I never said there wasn't money to be made.

It's just funny that you have picked a winner in Bitcoin, and see the other coins for what they are - gambling.

It's like my buddy who said the same thing about Pets.com. It was the one internet stock that was going to make it. He was also up 300% before it went to 0.

Bitcoin is no different than the other coins, it has grown only because a lot of people have thrown a lot of money at it.

Moneygram tests XRP ripple money transfers 2 hours ago, Price jumps from a down $1.76 to $2.13
http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocurrency-bank-transfers/

If the rumors of the Western Union partnership come to fruition, I would expect to see an even more significant pump. Given WU previous relationship with Ripple, I don't think the rumors are totally unfounded.

More proof that the people involved are mostly idiots, Kraken has been down for nearly a day while they do an "upgrade". I've been in the IT business for over 20 years and this sort of bullshit rollout is normal but also totally avoidable if you have even a single iota of common sense.

Meanwhile Questrade is never down. Why? People with real money would lose their minds if it was ever down like this.

speculation is merely a high risk investment. that's literally what those words mean. all investments are gambling. every single one. the only difference is the terms of the bet.

i'm not sure what you think the distinction is between those two things, but i and i think almost everyone else here have always agreed that cryptocurrency investments are on the riskier side of the spectrum. it's definitely risky. not denying that.

i didn't intend to say anything like that. I neither hold bitcoin nor do i think all other coins are bad. (i do use Bitcoin as a medium to get the cash from the coins i mine onto my Visa card, but that's just a necessary step in the process).

i said i believe in the blockchain technology, along with Bitcoin, Monero, and many other coins themselves. what i don't like is the blatant market manipulation by herds of whales temporarily pumping up small, new alt coins, which is something that has really exploded in the last 2-3 weeks. there are literally hundreds of alt coins out there trying to carve a niche for themselves. most will fail, sure, but some will succeed. i don't think the big-money pump and dump cabals are helping anyone in the long term.

that's not how investing works, bub. investments are about timing, and your timing was simply wrong. you can't just say "someday that stock will be worthless." someday, EVERY stock will be worthless.

you said bitcoin was a bad investment, and it then tripled in value. that's called being wrong. there's no way around it, man.

i mean if you want to make another prognostication today, and again tell people where its value headed, be my guest. i don't know and i have never claimed to know (i feel like i've said that a dozen times on this thread). but your prediction 86 days ago was quantifiably terrible investment advice if we use actual real world results as our yardstick.

i kind of agree with that, but there are thousands of examples of products gaining market dominance without being technologically superior to other options. betamax was better than VHS. The Dreamcast was better than the PlayStation. The Zune had more storage and more features than the iPod, and was cheaper too.

so sure, Bitcoin's only advantage is name recognition and market acceptance, but frankly those are critically important factors if you're considering using it as a currency or value store. it's literally the same reason gold has "inherent" value. name recognition and market acceptance on a massive scale.

but i think something you're missing is that Bitcoin isn't really the "big winner" in the market over the last month. it's been pretty flat while other coins have shot up in value.

???

Doesn't make anyone an idiot. We've been saying since day one this is an unregulated "Wild West". It's not stupid to play in such a market...just VERY RISKY.
High gains coupled with instant losses. So many of you act like we're 12 and this is our first rodeo when the fact is the people (in this thread anyway) who are involved in this market have shown MUCH more aptitude for actually understanding this market then the tulip yellers have. WE KNOW IT'S SUPER RISKY.

Could this whole market crash...YES.
Could we also make 1000%+ return over the next several years...YES.

Either could happen...and in some cases many people will lose everything while others still in make 1000%+.

This is not for the conservative investor. Still doesn't make us idiots...just higher risk takers.

I'm talking about the people at Kraken, and Coinbase, and the other exchanges who are constantly going down or having problems. It's totally amateur hour because these assholes take the silicon valley approach to financial systems and say "we're going to disrupt the space!" without realizing the financial space is like it is for a REASON. Meanwhile those "old" institutions are up and running and Kraken has a shitty text-only page up saying they're down. Like the fucking amateurs they are.

This is the actual homepage for Kraken right now.

They don't have a single designer on staff who could whip up a quick "we're down" page? They don't already have a down page in place as a fallback? This is web hosting 101. Idiots.

Screen Shot 2018-01-11 at 3.09.54 PM (resized).png

they aren't a small company, and they're expanding like mad -- my niece is being recruited by them. it is absurd that they would allow their public face to be such a clown show.

Lots of people are blaming the recent drops on the "fake" reports from CNBC about supposed regulations in Korea...

https://mobile.twitter.com/sahelirc/status/951321661076250624

shfnes7pdc901 (resized).jpg

Isn’t it just amazing how severely the crypto market is effected by the news. Always astounds me

One of the many things I've wondered about the crypto market is how tied it is to stability in equities.  In the US markets we've the lowest volatility in 40+ years.  That is to say does crypto serve as a proxy for volatility bets that are not fulfilled by the current markets?  Sort of a XIV on steroids - if anyone says on steroids anymore.

They were not "fake reports" Korea’s Ministry of Justice said that he was planning on banning all crypto trading. He was acting way beyond the scope of his duties...but he did say it.

Both