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Family remittances are used for spending, not for hoarding things in the hopes of selling to a greater fool

I need to send about $1000-$2000 to my sister who lives in the US (I dont). I decided to test out Litecoin instead of doing a wire or using paypal. I thought 'its cheap, maybe I will save some money and learn more about how this thing can be used by average people'. I helped her open a coinbase...

Here is a fact that most articles dont talk about. 90%+ of cryptocharts look like this when priced in BTC I look at dozens daily and they are very similar to this, sometimes they are in a channel, little downtrends, strong downtrends but its rare to see one that is trending up when priced in...

Cryptos held up well the debut of futures, this could change fast but its a sign of strenght. I closed my spread trade (at a profit) because it widened today and that was surprising action. I also closed XNET. I will nibble long on certain cryptos on small size, testing waters and reassessing as...

My plan now is to wait and see until tuesday/wednesday to check if BTC starts to have some kind of significant correction, if it doesn't, then I will try nibbling on non-BTC coins (the ones from the top 10 plus tiny coins that I follow)

Why cant they put a giant req on the short side ONLY. I would trade, regardless. I got plenty of free margin. I'm sure others would too

Why outright block it instead of putting in giant requirements? I mean, in theory, the Straits of Hormuz could be bombed and oil would open at $300. But you can still short oil futures

It really looked like BTC was going to fall apart for a while today, after the GDAX price went full retarded ($4k above Bitfinex and Kraken). I tried to send BTC to Coinbase to sell it there but of course, they were down. I dont even know who was doing all that trading on GDAX/Coinbase, the site...

I now have about 100+ coin charts that I monitor in most days. Most things are outright collapsing in terms of BTC, people are just going wild for btc and dumping everything else. This isnt about blockchain tech and a whole new world, its about momentum and fear of missing out.

This might hit 20k if it gets really wild but its difficult, because it can tank 4-5K very quickly as well

Today I will sell out the rest of my coins. Price is accelerating to the upside, crash risks are rising. If I dont take profits now, then when would I? I rather be out and monitor the market with my head clear for a potential short. I do plan to increase my GBTC spread trade tomorrow. This week...

https://blog.chain.com/a-letter-to-jamie-dimon-de89d417cb80 " Bottom line: centralized applications beat the pants off decentralized applications on virtually every dimension. EXCEPT FOR ONE DIMENSION. And not only are decentralized applications better at this one thing, they are the only way...

GBTC is not levered, it trades at a large premium to NAV. Big fluctuations happen when people start to second guess paying such an ridiculous premium

USDTether transfers are also not working out (because of the hack), this might only help fuel the panic when it starts. People wont be able to move around this pseudo USD, they will have to move BTC and other coins, with slower transaction times (the network will be overloaded in a crash)...

If AMZN/WMT/Another big player says they will let people buy with BTC (and with avg transaction costs of $5-$10 and wait times of 30min-1 hour, I doubt they would do this), then I will rebuy. If BTC implodes 70% and then do a moving average cross over (100 over the 200 or something like that)...

Interesting thoughts, I frankly get confused in terms of trying to value bitcoin. i think its very hard, it seems similar in that respect to gold. Whatever the price is its fine because its a psychological asset. But there is one thing that I do know, buying into euphoria is usually a mistake...

If this type of thing becomes larger, its going to taint cryptos further, which will make banking relationships even harder. then its back to the problem of, what does one do with all that bitcoin if you cant convert to fiat and you cant use it anywhere? If ISIS kills 500 NYers and its found out...

What happens when the government siezes PrivCoin domain and issues arrest warrants against the owners? The government has jailed people for less, I think (Liberty Dollar and E-Gold)

Maybe I misunderstood them or I dont understand how they work but it sure heck sounds like they rely on something unstable ("these fiat flows") in order to keep their pairs from being priced widely. What happens when "these fiat flows" suffer big changes? You would expect that to happen in a...

"“We continue to experience banking bottlenecks for some customers, but are proceeding to open accounts around the world,” according to the quarterly report. “While we have some clear challenges, please note that tens of millions of dollars continue to flow in and out of Bitfinex daily. Although...