About the Bitcoin Talk and Cryptocurrencies category

What does the future hold for Bitcoin and other cryptocurrencies like Ethereum/Ether, Ripple/XRP and Litecoin? Bitcoin is all the rage, gaining interest around the word and adoption by investors, businesses and governments. But new Altcoins are appearing just as quickly with their own technical advantages over some of the big boys or hope to focus in on one specific utility. Bitcoin FTW or will another altcoin take away the crown? Discuss Bitcoin News, Exchanges, How to Trade Bitcoin, Where to Buy and Sell Bitcoin, Speculation, Blockchain and more.

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With the technological development, various programmed coins are being developed. As these virtual currencies have no physical existence there is sometimes serious security issues while engaging trading with virtual currencies. BTC is considered as the founder of the crypto currency exchange market. Various crypto currencies like Ripple, Etherum, Lite-coin, Zcash, Dash, etc. are becoming popular day by day.

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Bitcoin - even though it’s not the very first currency out there, it certainly is the most popular and successful as of now. The market cap is way above all the other ones. It is often referenced to as digital gold, sort of an asset that gained enough momentum that it will remain valuable for time to come.

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Some say its also getting attached to gold. What do you think about the relation?

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I am talking about ripple
Ripple (XRP) is the third highest cryptocurrency in the market according to the coin market cap.

In the recent month, the price skyrocketed by +977% where people who’ve invested in XRP are enjoying the great profit.

If you are planning to invest or trade Ripple (XRP), you can go for the Toast wallet to store your coins. The Toast is truly designed as a reliable ripple wallet.

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thanks for the info. very useful as i am considering buying ripple :slight_smile:

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A solid bitcoin-based margin trading platform, PrimeXBT, just added FX, stock indices, and commodities, complementary to the top 5 cryptos with up to 100x leverage. This makes it possible to access all financial instruments on the single platform - and with no KYC. I’ve been trading BTC and EOS predominantly over the years and invested in a few less well-known coins with good potential for future - well here’s hoping anyway :stuck_out_tongue:

There are massive profits to be made in crypto (and massive risk), I am only now just venturing into forex since these assets have been made available by my bitcoin broker. Why not take the opportunity to further diversify my asset portfolio and increase profit potential with more hedging options?

The recent bitcoin rally has certainly renewed faith in the crypto market and many analysts are saying it is the beginnings of the next bull run. I’m sure as hell ready!!

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Bitcoin and cryptocurrencies is our future. But if you are a student and have no time to write essay, we can help you with it.

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Probably what you mean is that Bitcoin is considered the “GOLD” of the Cryptocurrency world, as it has solidified itself as a reserve of value.

When things are uncertain on the Crypto world, everyone moves towards Bitcoin until the storm passes, very much like what happens with FIAT currencies and gold.

However, Bitcoin has no underlying gold value, nor has it ever had one.

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Key events 14/01/20 - 21/01/20
Over the course of this past week, cryptocurrencies have performed reasonably well. Bitcoin Gold rose by 34.34%, while Dash grew by 35.98%. Cardano (ADA) also enjoyed a 12.05% increase in value. Despite the market’s current mixed-news climate, it appears as if the majority of digital assets opted to only react to positive elements.
Over the course of this past week, cryptocurrencies have performed reasonably well. Bitcoin Gold rose by 34.34%, while Dash grew by 35.98%. Cardano (ADA) also enjoyed a 12.05% increase in value. Despite the market’s current mixed-news climate, it appears as if the majority of digital assets opted to only react to positive elements.

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One bit of good news for the market was the announcement that Facebook’s digital currency project, the Libra Association, had formed a five-person steering committee. The committee’s role will be to oversee the technical development associated with the upcoming launch of the coin, which is planned for late 2020.

There were more positive developments from crypto exchange Coinsbit, announcing that it is going to open a cryptocurrency marketplace under the name Coinsbit Store, where users will be able to purchase goods from AliExpress, Amazon and Ebay. The store is set to go live in April of 2020.

Among the negative news were reports that the South Korean government is planning to levy a 20% tax on all income derived from cryptocurrency trading. There has also been similar unfavourable information that the UK tax authorities are going to begin tracing any suspicious cryptocurrency transactions.

Cryptocurrencies have managed to exhibit decent growth in recent days and we could see this uptrend continue. The news climate would seem to suggest that this is possible.

Ethereum creator Vitaly Buterin has hinted at the possibility of merging Ethereum Classic and Ethereum 2.0. Furthermore, it was reported that the basketball club Sacramento Kings have signed a partnership agreement with the Ethereum development studio ConsenSys, in order to produce a sports gear auction platform built on the Ethereum blockchain. Looking at the technicalities, ETH/USD is currently not far off its resistance of 176.00. If it can rise above this mark, then that would open up a path for further growth to 192.50.

https://stormgain.com/news/cryptocurrencies-mixed-bag

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Any future implication of these cryptocurrencies amidst the Covid-19 virus that is affecting the economy?

Hello Guys,
Some Cryptocurrency mining News

In 2018, Iran recognized cryptocurrency mining as a legal industry so as to watch and regulate the mining farms that were already operating within the country. It also discussed creating its own national cryptocurrency, which it’s yet to try to to . At the time, Iran appeared to be an excellent place to mine cryptocurrency due to its subsidized electricity prices (mining requires industrial amounts of electricity). Iran’s low electricity prices brought down the high operating costs such a lot that companies from China, Poland, Russia, and other countries found out shop in Iran, plugging their facilities directly into power plants. However, in 2019, Iran shut all of them down and made it illegal to mine cryptocurrency using industrial electricity.

A slew of reasons was given for those moves. as an example , the farms were said to be a drain of electricity and were blamed for power outages. Since these companies had been paying Iran for considerable and consistent amounts of electricity, it’s worth asking why Iran would want to chop off such a dependable revenue source when it had been wanting to usher in foreign capital after the us re-imposed sanctions on May 2018. rather than shutting the farms down, it could have negotiated a rate for electricity, licensure, and taxes that might have continued to usher in stable revenue while keeping the prices low enough to form Iran a competitive location for mining companies to work . Alternatively, why did Iran not simply seize the mining farms and use them to mine cryptocurrencies itself? Instead, whereas China currently does 65 percent of the world’s crypto hashing, which is that the energy-intensive computational operation by which cryptocurrency is mined, Iran now does but 4 percent.

The most logical answer is that the value of unsubsidized electricity makes mining cost ineffective. for instance , it costs more to work the farms than there’s to be made up of mining the cryptocurrency. apart from the value of electricity, mining machines are expensive and may cost several thousand dollars. Furthermore, their considerable maintenance requires specialized technicians working around-the-clock to stay them running.

Thank you.

Bitcoin crossed the 10000 mark. What do you guys think of the forecast?

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Its going to the 110k line with obstacles, just you watch :wink:

This ain’t serious! :rofl: :sweat_smile:

not this year! maybe one day though i hope lol

double in 12 months!!!

Bitcoin and various other cryptocurrencies have quite a good future looking at the current economy all over the world. The cryptos work on blockchain principle which makes it unregulated and public uses it as the transaction is difficult to trace. However this can come to an end if the govt. bans it .