Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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Silversaving
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Re: Bitcoins - fad or trend?

Postby Silversaving » Thu Jan 11, 2018

South Korea’s Finance Ministry Refuses to Support Cryptocurrency Trading Ban
https://www.ccn.com/south-korean-ministry-of-finance-does-not-support-cryptocurrency-trading-ban/
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Thu Jan 11, 2018

Silversaving wrote:South Korea’s Finance Ministry Refuses to Support Cryptocurrency Trading Ban
https://www.ccn.com/south-korean-ministry-of-finance-does-not-support-cryptocurrency-trading-ban/


Well this just got interesting. Good find.

As I've said before, this will be a war. Perhaps more a philosophical war more than any other type. Governments have been able to track the vast majority of a consumer's spending through your bank records, credit card purchases, online subscriptions, etc. Banks have swindled us for hundreds of years. These two entities won't go away quietly, but they also can't stop blockchain technology no matter how hard they try. The more they fight it, the more people ask themselves why banks and governments (but I repeat myself) are so against free exchange between private parties.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu Jan 11, 2018

Silversaving wrote:South Korea’s Finance Ministry Refuses to Support Cryptocurrency Trading Ban
https://www.ccn.com/south-korean-ministry-of-finance-does-not-support-cryptocurrency-trading-ban/


Great article, +1
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joefro
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Re: Bitcoins - fad or trend?

Postby joefro » Thu Jan 11, 2018

https://twitter.com/iamjosephyoung/status/951428854085689344

In an official announcement, South Korean government reaffirms there will be NO TRADING BAN for #cryptocurrency market in the short term and NOTHING IS FINALIZED.

A petition to fire the head of the Ministry of Justice over the #cryptocurrency trading fiasco filed.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Thu Jan 11, 2018

joefro wrote:https://twitter.com/iamjosephyoung/status/951428854085689344

In an official announcement, South Korean government reaffirms there will be NO TRADING BAN for #cryptocurrency market in the short term and NOTHING IS FINALIZED.

A petition to fire the head of the Ministry of Justice over the #cryptocurrency trading fiasco filed.

How on earth did you beat tdtwedt in posting this? ;)

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joefro
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Re: Bitcoins - fad or trend?

Postby joefro » Thu Jan 11, 2018

Huh, that post was positive for crypto? Basically said the earlier reports of a Korean ban are fake news.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Thu Jan 11, 2018

joefro wrote:Huh, that post was positive for crypto? Basically said the earlier reports of a Korean ban are fake news.

See the wink at the end of my comment. (tdt is lightning-quick in posting bad news for crypto, ignoring good news, so I was being sarcastic)

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu Jan 11, 2018

tdtwedt wouldn't post an article like that, it is pro-bitcoin.

I love BCH. I think it has a bright future, and that BCH is closer to Nakamoto's dream than BCT. BCT is a dinosaur. I'm a hodler and despite it's shortcomings, I see no reason to sell BCT.

It pays to be a hodler, I love that free BCH. I decided I should take some money off the table, so I sold the BCH.

The postman just delivered 225 pristine BU Engelhard Prospectors, which are going to monster-box #2. The rest of the proceeds were used to purchase 735 SALT tokens. That is the lion's share of my new truck purchase for later this year.

Free money for hodling, discounted money for buying SALT, and free silver. How can it get any better?!
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Fabio
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Re: Bitcoins - fad or trend?

Postby Fabio » Thu Jan 11, 2018

This should make tdt happy, this is my personal opinion. I think we're entering a long bear market...































... it's going to be a long two weeks ;)
"LiteCoin, the original shitcoin" - Fabio 2018

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Thu Jan 11, 2018

The Colonel wants in on the action. :D

https://www.coindesk.com/kfc-canada-is- ... d-chicken/

I like original. :pop:

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Re: Bitcoins - fad or trend?

Postby jcz1 » Thu Jan 11, 2018

If Satoshi reveals his true identity, his bucket is on us. #BitcoinBucket

— KFC Canada (@kfc_canada) January 11, 2018

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Thu Jan 11, 2018

jcz1 wrote:If Satoshi reveals his true identity, his bucket is on us. #BitcoinBucket

— KFC Canada (@kfc_canada) January 11, 2018


Didn't you hear? Satoshi Nakamoto is Alan Greenspan. :o

Oh by the way, this is definitely a fad. :roll:

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Thu Jan 11, 2018


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Silversaving
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Re: Bitcoins - fad or trend?

Postby Silversaving » Fri Jan 12, 2018

Just to add to the above post.....Don't mess with Koreans Cryptos or they will ruin you!
https://twitter.com/iamjosephyoung/status/951710054868135936
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri Jan 12, 2018

Don't Fear the High Tech Future! (Bix Weir)

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Fri Jan 12, 2018

GDAX is creating a "limit only" mode...

‘Limit-Only’ Mode

GDAX is introducing a new market state: ‘limit-only’. In this state, customers will only have the ability to place limit orders and cannot place market orders. This ensures customers have full control of the fill price by only allowing orders with an explicitly set limit.

Limit-only mode will be included in our process for opening a new market:

Market opens in ‘post-only’ mode. Customers can post and cancel orders on the book, but no matching may occur.
Market enters ‘limit-only’ mode. Orders will begin matching, but no market orders can be placed.
Market enters ‘full trading’ mode. Both market and limit orders will be accepted.
The decision to move a market from ‘post-only’ to ‘limit-only’ to ‘full trading’ mode is made at the discretion of our Market Operations team. When making this decision we consider factors such as order book liquidity and price volatility.

https://blog.gdax.com/market-structure-update-2650072c6e3b
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri Jan 12, 2018

Huh? I don't get it.
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Fri Jan 12, 2018

Bucketeer wrote:Huh? I don't get it.


I'm not sure if this is mandatory, or optional where a user can just pick what mode they want. My thinking is that during high market volatility periods, people are hitting market sell or market buy and orders are getting filled nowhere near the price they see when they hit "buy" or "sell" so people get upset. That is just speculation on my part though.
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natsb88
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Re: Bitcoins - fad or trend?

Postby natsb88 » Fri Jan 12, 2018

SilverDoge wrote:GDAX is creating a "limit only" mode...

‘Limit-Only’ Mode

GDAX is introducing a new market state: ‘limit-only’. In this state, customers will only have the ability to place limit orders and cannot place market orders. This ensures customers have full control of the fill price by only allowing orders with an explicitly set limit.

Limit-only mode will be included in our process for opening a new market:

Market opens in ‘post-only’ mode. Customers can post and cancel orders on the book, but no matching may occur.
Market enters ‘limit-only’ mode. Orders will begin matching, but no market orders can be placed.
Market enters ‘full trading’ mode. Both market and limit orders will be accepted.
The decision to move a market from ‘post-only’ to ‘limit-only’ to ‘full trading’ mode is made at the discretion of our Market Operations team. When making this decision we consider factors such as order book liquidity and price volatility.

https://blog.gdax.com/market-structure-update-2650072c6e3b

I interpreted this as a new intermediate step when they add new coins to GDAX. The new market starts with post-only, then moves to limit-only when they feel there are enough orders to start trading, then moves to full trading when they feel the price has settled down enough to turn on the market button.

I don't see any mention of reverting a full trading market back to limit-only trading.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri Jan 12, 2018

Hmmm.....that makes some sense. Market orders are foolish orders anyway.
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