Fundamental drivers of the cryptocurrency market

March 7, 2018

Online trading platforms have become a popular way investors can buy and sell digital assets, including coins and tokens offered and sold in so-called Initial Coin Offerings ("ICOs"). The platforms often claim to give investors the ability to quickly buy and sell digital assets. Many of these platforms bring buyers and sellers together in one place and offer investors access to automated systems that display priced orders, execute trades, and provide transaction data.
A number of these platforms provide a mechanism for trading assets that meet the definition of a "security" under the federal securities laws. If a platform offers trading of digital assets that are securities and operates as an "exchange," as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration. The federal regulatory framework governing registered national securities exchanges and exempt markets is designed to protect investors and prevent against fraudulent and manipulative trading practices.

https://www.sec.gov/news/public-stat...tforms-trading

Just a poll here - did anyone realised bitcoin frenzy is a dead meat now?

Does anyone figured out that this was the usual hype bloated by speculators to acquire some hard earned money of the people who “wanted their dream to quit the job”?

No.
So, Bitcoin drops now, so what? Euro drops, stock drops...
Some people simply can't see the future... no problem.

Before push the controversy any further, let's have a shallow approach:
1. Do you believe is reasonable to think that EUR/USD will ever hit $0 ?
2. Do you believe is reasonable to think that BTC/USD will ever hit $0 ?

Why not BTC/USD can't be a tradeble pair, asset as any other?
Do you think all pairs are Ponzi schemes?!lol

Nice to have jocular thread here!!!

Few ideas bud!!

Put a poll in the thread title (in settings ). ...

The Usual hype???
Like the bitcoin of 1233 during The Fifth crusade ??? , the French Revolution bitcoin ?? The Bay of Pigs bitcoin ....or that other bitcoin, that's mentioned in the bible ?? or the bitcoin they got at the Winter Olympics in Moscow 1980??? or the Greek Orthodox bitcoin that split from Roman empire under Ptolemey the 4th?? I'm confused
Explain the usual hype, bub

So bitcoin is dead?

Oh yes.
It died 298 times till now
Read
https://99bitcoins.com/obituary-stats/

2010 first sad death....it was quarter dollar
https://99bitcoins.com/why-bitcoin-cant-be-a-currency/

The first 50-80 times bitcoin died, i was inconsolable... i cried forever....
Then i bought few cheap bitcoin at $300, bitcoin died another 100 times...
....really bad times in 2017.... when it hit 10000 greenbacks and died 50 more times i really started to worry

So what else is new???

PS : if you have a hissy fit, cry and ignore intelligent person as me....I've seen crybabies do it...., would that boost your ego??

Oh nooooo

Today bitcoin died 299th time

Some dumbo from a clueless economist tribe , which been crying last 8 years, says bitcoin going to zero!!!

https://99bitcoins.com/theres-a-dece...ard-economist/

I see the point of keeping the position on Btc, only if you bought it last year. You can try to make more money on short races. But to start trading now is meaningless, because bitcoin has lost confidence and it is difficult to analyze.

You mean Bitcoin lost it's glamorous get-rich -tomorrow appeal.???

It sure did. Funny investors jumped at $15000 and are homeless now.

The price shows sellers about same number as buyers...
Patience
The tremendous bitcoin future is before us.

Savvy investors made part profit and still waiting for nice buy price... or moment.
Whether it's $5000-6000-7000 doesn't matter.

What matter is that sooner or later big investors will jump in, regulation will come.... options are here now....decentralized exchanges here now....

Chart below.
Target is in the 70000 area. Go Trumpy, print money

Detailed discussion in my thread.

https://twitter.com/CMEGroup/status/1022145206773325825

Too bad it's due to the Winklevoss ETF getting denied.

The Winklevoss ETF would have been accessible to retail investors because it was set to 0.01 BTC per share, making it less likely to be approved. The Cboe ETF proposal(which is still pending approval on August 10th) sets each share to be worth 25 BTC — thus restricting access to accredited and institutional investors.

https://www.sec.gov/rules/other/2018/34-83723.pdf

“I do think Bitcoin is the first encrypted money that has the potential to do something like change the world.” - Peter Thiel, American entrepreneur, venture capitalist, philanthropist, political activist, and author

“It’s gold for nerds.” —Stephen Colbert, Comedian

“Bitcoin will do to banks what email did to the postal industry.” —Rick Falkvinge, Founder of the Swedish pirate party

“Bitcoin is a technological tour de force.” —Bill Gates, co-founder of Microsoft, investor, and philanthropist

“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” —Leon Luow, Nobel Peace Prize nominee

"Bitcoin is the most important invention in the history of the world since the Internet."—Roger Ver, Bitcoin angel investor, and evangelist

“Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it.”—Edmund Moy, 38th Director of the United States Mint

“Stay away from it. It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.”—Warren Buffet, CEO of Berkshire Hathaway

“Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.” —Lloyd Blankfein, CEO of Goldman Sachs

“[Bitcoin] is a very exciting development, it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.” —Kim Dotcom, CEO of MegaUpload

“It’s money 2.0, a huge huge huge deal.”—Chamath Palihapitiya, the previous head of AOL instant messenger

“[Virtual currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”—Ben Bernanke, Chairman of the Federal Reserve

“There are 3 eras of currency: Commodity based, politically based, and now, math based.”—Chris Dixon, Co-founder of Hunch now owned by eBay, Co-founder of SiteAdvisor now owned by McAfee

“I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it’s derided as a toy. Just like microcomputers.” —Paul Graham, Creator of Yahoo Store

“I really like Bitcoin. I own Bitcoins. It’s a store of value, a distributed ledger. It’s also a good investment vehicle if you have an appetite for risk. But it won’t be a currency until volatility slows down.” —David Marcus, Former CEO of Paypal

“Bitcoin is a classic network effect, a positive feedback loop. The more people who use Bitcoin, the more valuable Bitcoin is for everyone who uses it, and the higher the incentive for the next user to start using the technology. Bitcoin shares this network effect property with the telephone system, the web, and popular Internet services like eBay and Facebook.” —Marc Andreessen, entrepreneur & investor

“Instant transactions, no waiting for checks to clear, no chargebacks (merchants will like this), no account freezes (look out Paypal), no international wire transfer fee, no fees of any kind, no minimum balance, no maximum balance, worldwide access, always open, no waiting for business hours to make transactions, no waiting for an account to be approved before transacting, open an account in a few seconds, as easy as email, no bank account needed, extremely poor people can use it, extremely wealthy people can use it, no printing press, no hyperinflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!"—Trace Mayer J.D., a leading expert on Bitcoin and gold

"Bitcoin is a remarkable cryptographic achievement, and the ability to create something that is not duplicable in the digital world has enormous value" —Eric Schmidt, CEO of Google

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust" —John McAfee, Founder of McAfee

“Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.” —Richard Branson, entrepreneur, business owner for Virgin empire

“Ten percent of my net worth is in this space.”—Mike Novogratz, hedge fund manager, Galaxy Digital Assets

“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”—Marc Kenigsberg, founder of Bitcoin Chaser

“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” —Vitalik Buterin, co-founder Ethereum and Bitcoin Magazine

“Maybe I’m just too old, but I’m going to let this mania go on without me.” —Jeffrey Gundlach, DoubleLine Capital CEO and Chief Investment Officer

BTC spot price has dropped historically in the days leading up to the CME Bitcoin Futures Expiration Dates.

https://www.cmegroup.com/trading/equ...r_futures.html

Last trade for CME August Bitcoin Future is tomorrow, August 31, 2018.

This could be the origin of the sell off.

https://www.reddit.com/r/Bitcoin/com...sfers_100m_to/

I think the time for Bitcoin is yet to come. It has gained a lot of negative publicity recently, and although a lot of people lost money in that bubble, but bitcoin's real potential is yet to be tested.

With all major economy's suffering, crypto can be their savior. Bitcoin has a long road ahead and if its able to deliver, the potential is endless.

- as per CoinSwitch Bitcoin Price Prediction

Nobuaki Kobayashi, the trustee of defunct cryptocurrency exchange Mt.Gox, released a new statement Tuesday, September 25. According to the document, Kobayashi has liquidated almost 26 billion yen ($230 million) in Bitcoin and Bitcoin Cash in around four months.

https://www.mtgox.com/img/pdf/201809...ncement_en.pdf

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges, clearing houses, data and listings services, plans to form a new company Bakkt, a regulated, physical Bitcoin futures contract and warehouse planned to launch in November 2018.

https://www.theice.com/products/6928...itcoin-Futures

https://www.bakkt.com/

All that selling and we're still above $6K?!? This bodes well.

CME September Bitcoin Futures Expire today September 28 at 4pm London Time.

Stock brokerage giant TD Ameritrade makes strategic investment in an crypto exchange called ErisX, which offers both bitcoin spot and futures trading.

https://www.tdameritrade.com/investm...y-trading.page