BTC Price Will Rise to $11,500 by June 2019! Bitcoin Is ...

Could bitcoin's price rise today be on hopes that BU won't pass?

Strange how it was so stable, and then didn't go down on the BU news but up.
submitted by nowTHATScomedy to Bitcoin [link] [comments]

Could bitcoin's price rise today be on hopes that BU won't pass? /r/Bitcoin

Could bitcoin's price rise today be on hopes that BU won't pass? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Few days back I have predicted that BAT price gonna pump in short term due to bitcoin price gain. Today I am giving a very bold prediction regarding BAT price. In August BAT price went upto $0.45 and this time it will cross $0.50 and may go upto $0.75 by EOY unless bitcoin crash before BAT rises;)

submitted by StrongPlate to brave_browser [link] [comments]

After falling from $12,000 to $10,000 in early September, we saw 2 rises to $11,000 in Bitcoin price. Still, current fluctuations can't be considered as the beginning of growth. What is more, there are many indications of a decline to the $9,000 area📉 Turn to today's Crypto Daily!

After falling from $12,000 to $10,000 in early September, we saw 2 rises to $11,000 in Bitcoin price. Still, current fluctuations can't be considered as the beginning of growth. What is more, there are many indications of a decline to the $9,000 area📉 Turn to today's Crypto Daily! submitted by Crypterium_app to crypterium_com [link] [comments]

After falling from $12,000 to $10,000 in early September, we saw 2 rises to $11,000 in Bitcoin price. Still, current fluctuations can't be considered as the beginning of growth. What is more, there are many indications of a decline to the $9,000 area📉 Turn to today's Crypto Daily!

After falling from $12,000 to $10,000 in early September, we saw 2 rises to $11,000 in Bitcoin price. Still, current fluctuations can't be considered as the beginning of growth. What is more, there are many indications of a decline to the $9,000 area📉 Turn to today's Crypto Daily! submitted by Crypterium_app to Crypterium [link] [comments]

Richard Heart Livestream - HEX, Bitcoin and Ethereum price rise. Today's DeFi hacks, and BTC, ETH, haters

Richard Heart Livestream - HEX, Bitcoin and Ethereum price rise. Today's DeFi hacks, and BTC, ETH, haters submitted by Compounding_Interest to HEXcrypto [link] [comments]

Today I bought my first Bitcoins with about 50€, after the fees I had 47,5€ worth of bitcoin, now 44,2€ (yeah ik its because of the prices falling and rising), but apparently, on 7th January I will have much less bitcoins (0,0061335 instead of 0,0068) even with the fees already paid. Why is that so?

Today I bought my first Bitcoins with about 50€, after the fees I had 47,5€ worth of bitcoin, now 44,2€ (yeah ik its because of the prices falling and rising), but apparently, on 7th January I will have much less bitcoins (0,0061335 instead of 0,0068) even with the fees already paid. Why is that so? submitted by jebotesinter to Bitcoin [link] [comments]

Richard Heart - 🔴Richard Heart on HEX, Bitcoin and Ethereum price rise. Today's DeFi hacks, and BTC, ETH, haters :)

Richard Heart - 🔴Richard Heart on HEX, Bitcoin and Ethereum price rise. Today's DeFi hacks, and BTC, ETH, haters :) submitted by Yanlii to cryptovideos [link] [comments]

As 20m more Tether are issued today, I think it's important for people to know that an unbacked Tether could be a big reason for the recent bitcoin price rise. (x/post)

The Basics
What is Tether? It's a digital asset distributed on the Omni token platform, which allows for assets to be issued over the bitcoin blockchain. Tethers (USDT) are supposed to be valued 1:1 with USD. Any new USDT is only supposed to be issued when there is at least an equivalent amount of USD sitting in reserve that can be redeemed at any time.
The point of issuing USDT is to allow customers to easily transfer USD value to exchanges, to create a stable reserve token to hold in times of volatility, and to allow exchanges to participate in USD-reference trades without having to hold or deal with USD KYC/AML compliance requirements.
Vast quantities of Tether have been issued over the past several months, almost $340 million are now in circulation.
But there are some problems with Tether as we know it today.
The Problems
  1. Tether's website claims it's 100% backed, regularly audited, and users have 24/7 access... but that's the extent of their proof. You really just have to take the them at their word.
  2. Tether hasn't provided any public audits, despite a promise of full transparency on January 15th, 2015 when Bitfinex acquired Tether
  3. After losing $72 million in a hack announced on August 2nd, 2016, Bitfinex issued a redemption token called BFX to their customers as a promise to pay back what they owed. They began paying this back at an increasing rate, finally buying back the remaining 95% of liabilities between March and April 2017. One theory is that Bitfinex was issuing Tether to themselves to buy assets, pay back the BFX tokens, and appear solvent faster. As long as the public held trust that Tether was worth 1:1 on par with USD and there was no bank run, this activity would go unnoticed. At that time, there were approximately 50m tether issued.
  4. Around that same time, Bitfinex's US banking troubles began as Wells Fargo blocked 180m in funds belonging to their parent company ifinex and Tether:
  5. Bitfinex then filed a lawsuit against Wells Fargo and withdrew it a week later. They to this day have not been successful in establishing a US banking relationship for their customers. This is important, because in order to back Tether, they need to hold USD reserves. So they're either lying, or they have another banking relationship set up to hold $340m worth of assets as USD equivalent.
  6. On August 11th 2017 Bitfinex suspended verification for US customers. It then seems extraordinarily odd that they continue to issue enormous sums of USD-backed Tether, where does the money come from?
  7. On April 18th, Taiwanese banks also began blocking wires to the Tether backed bank, suggesting the funding mechanism for Tether is tenuous and subject to the whims of the banking industry:
  8. The Tether whitepaper has a section called "Proof of Reserves" process, which essentially boils down to "You can see whenever new Tether are issued, and the issuance comes from our bank deposits, ...and you're just going to have to trust us on the bank deposits" The whitepaper goes on detail a summary of weaknesses:
Their responses to these threats mainly try to minimize their severity by claiming other banks and exchanges have these same problems, we should trust their banking partners because they are 3rd parties to Bitfinex, bank transactions are traceable on some level even if not public, and we should trust Bitfinex because their business owners information is public.
Dodging questions
The co-founder of Tether, udecker, participated in an interesting thread where someone was calling out the weaknesses in the process. His arguments included responses like
See above about the TOS - of course you don’t have a right to redeem your tethers for fiat. Who are you? Get an account and go through thorough KYC/AML if you want to do any fiat operations.
Try simple logic. Running a fractional reserve would mean that the company couldn’t stay in business. Why would it do that?
If Taiwan closes Tether’s accounts? For what reason? Tether is a legally operating business in Taiwan.
His responses seem naive to the fact that bitcoin exchanges can and have been operating as fractional reserves in the past under the guise of solvency.
nobodybelievesyou repied:
Most of your answers here so far have boiled down to "this would never happen!"
You also dodged his question about the audit, which has been getting asked and dodged now for almost a year.
https://www.reddit.com/BitcoinMarkets/comments/4vhak0/usd_wallet_idea/d5zfa48/
udecker's only response to this was
At least your username checks out.
External scrutiny
Various redditors and crypto news agencies have taken note of tether's issues over time.
Implications
So why care? What predictions can we make from all this?
  • Bitfinex either can't provide actual, verifiable, 3rd party proof of it's reserves backing Tether, or so far has not cared to.
  • If there aren't enough reserves in the bank to back the USDT, then not everyone will be able to redeem them for USD. A sudden sell pressure would see prolonged withdrawal delays, and a drop in the value of USDT
  • Issuing unbacked Tether would allow an exchange to appear solvent and obtain assets at essentially zero cost, driving up the market price of many digital currencies in the process as their supply dries up.
submitted by digital_del to btc [link] [comments]

Bitcoin Longs are Rising Rapidly Today, But Why is its Price Not Moving?

Bitcoin Longs are Rising Rapidly Today, But Why is its Price Not Moving? submitted by Link0000054 to Bitcoin_2019 [link] [comments]

Bitcoin Longs are Rising Rapidly Today, But Why is its Price Not Moving?

Bitcoin Longs are Rising Rapidly Today, But Why is its Price Not Moving? submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

How to value a bitcoin - Everybody who wonders why bitcoin price is rising, should watch this video, where Analyst Tom Lee explains why Bitcoin has the value today it has

How to value a bitcoin - Everybody who wonders why bitcoin price is rising, should watch this video, where Analyst Tom Lee explains why Bitcoin has the value today it has submitted by hwthrowaway92 to Bitcoin [link] [comments]

Today BTC price dropped 6% due to $30M of blacklisted tethers. When the whole tether scam blows up, we will see the biggest crash since Mt Gox. Theory: BTC users wont be able to send TXs due to congested blocks. It will be a huge blow. BCH may come to rise after the debacle as the true Bitcoin.

BTC will be unusable during this next Mt. Gox-level catastrophe. 1MB blocks will be a huge blow to BTC during this time.
All coins will crash, in response.
But at least coins like BCH will still be able to process transactions. This will prove invaluable and people will see the stark difference between a network (BTC) that is more ground to a halt than we've ever seen before, and a usable network (BCH).
submitted by BitcoinIsTehFuture to btc [link] [comments]

The price of bitcoin has just skyrocketed past the $6,700 USD mark after gaining nearly $500 today and was just $5,693 just a week ago. In the midst of this recent rise in the BTC exchange rate, the dominate has also rose to over 59%, its highest since December 2017.

The price of bitcoin has just skyrocketed past the $6,700 USD mark after gaining nearly $500 today and was just $5,693 just a week ago. In the midst of this recent rise in the BTC exchange rate, the dominate has also rose to over 59%, its highest since December 2017.

![img](vx21tyj995y21 "As Bitcoin [BTC] continues to fight the different, expected resistance levels, many are questioning how this might influence the altcoins market. In a new reporting, news outlet, NewsBTC provided examples as to how and why Bitcoin’s rise implies an outpouring effect on altcoins. ")
As for how altcoins will travel with the current BTC dominance, CEO of The White Company, Elizabeth White was quoted. In particular, she argued that altcoins can travel up with Bitcoin dominance, and that it typically implies that strong altcoin projects are the one’s that’s left, as opposed to the weaker ones that simply end up disappearing. As per White,
“The majority of speculative altcoins will end up thinly traded and die off because most of them have not done anything and have completed failed to realize their promises.”
submitted by heris65 to WhiteStandard [link] [comments]

Bitcoin Price Prediction Today: Another Bullish Month Impends in the wake of April’s 22% Rise

Bitcoin Price Prediction Today: Another Bullish Month Impends in the wake of April’s 22% Rise submitted by n4bb to CoinPath [link] [comments]

Why The Bitcoin Price MUST Rise Soon [Bitcoin News Today]

Why The Bitcoin Price MUST Rise Soon [Bitcoin News Today] submitted by winsoar to btc [link] [comments]

As 20m more Tether are issued today, I think it's important for people to know that an unbacked Tether could be a big reason for the recent bitcoin price rise.

The Basics
What is Tether? It's a digital asset distributed on the Omni token platform, which allows for assets to be issued over the bitcoin blockchain. Tethers are supposed to be valued 1:1, so $1 of USD = $1 USDT (tether) for instance. USDT is only supposed to be issued when there is at least an equivalent amount of USD sitting in reserve that can be redeemed at any time. The point of issuing USDT is to allow customers to more easily transfer USD value to exchanges, to create a stable reserve token to hold in times of volatility, and to allow exchanges to participate in USD-reference trades without having to hold or deal with USD KYC/AML compliance requirements.
Vast quantities of Tether have been issued over the past several months, almost $340 million are now in circulation.
But there are some problems with Tether as we know it today.
The Problems
  1. Tether's website claims it's 100% backed, regularly audited, and users have 24/7 access... but that's the extent of their proof. You really just have to take the them at their word.
  2. Tether hasn't provided any public audits, despite a promise of full transparency on January 15th, 2015 when Bitfinex acquired Tether
  3. After losing $72 million in a hack announced on August 2nd, 2016, Bitfinex issued a redemption token called BFX to their customers as a promise to pay back what they owed. They began paying this back at an increasing rate, finally buying back the remaining 95% of liabilities between March and April 2017. One theory is that Bitfinex was issuing Tether to themselves to buy assets, pay back the BFX tokens, and appear solvent faster. As long as the public held trust that Tether was worth 1:1 on par with USD and there was no back run, this activity would go unnoticed. At that time, there were approximately 50m tether issued.
  4. Around that same time, Bitfinex's US [banking troubles began](https://themerkle.com/wells-fargo-blocks-180m-in-funds-belonging-to-ifinex-and-tether-customers/] as Wells Fargo blocked 180m in funds belonging to their parent company ifinex and Tether:
  5. Bitfinex then filed a lawsuit against Wells Fargo and withdrew it a week later. They to this day have not been successful in establishing a US banking relationship for their customers. This is important, because in order to back Tether, they need to hold USD reserves. So they're either lying, or they have another banking relationship set up to hold $340m worth of assets as USD equivalent.
  6. On August 11th 2017 Bitfinex suspended verification for US customers. It then seems extraordinarily odd that they continue to issue enormous sums of USD-backed Tether, where does the money come from?
  7. On April 18th, Taiwanese banks also began blocking wires to the Tether backed bank, suggesting the funding mechanism for Tether is tenuous and subject to the whims of the banking industry:
  8. The Tether whitepaper has a section called "Proof of Reserves" process, which essentially boils down to "You can see whenever new Tether are issued, and the issuance comes from our bank deposits, ...and you're just going to have to trust us on the bank deposits" The whitepaper goes on detail a summary of weaknesses:
Their responses to these threats mainly try to minimize their severity by claiming other banks and exchanges have these same problems, we should trust their banking partners because they are 3rd parties to Bitfinex, bank transactions are traceable on some level even if not public, and we should trust Bitfinex because their business owners information is public.
Dodging questions
The co-founder of Tether, decker, participated in an interesting thread where someone was calling out the weaknesses in the process. His arguments included responses like
See above about the TOS - of course you don’t have a right to redeem your tethers for fiat. Who are you? Get an account and go through thorough KYC/AML if you want to do any fiat operations.
Try simple logic. Running a fractional reserve would mean that the company couldn’t stay in business. Why would it do that?
If Taiwan closes Tether’s accounts? For what reason? Tether is a legally operating business in Taiwan.
His responses seem naive to the fact that bitcoin exchanges can and have been operating as fractional reserves in the past under the guise of solvency.
nobodybelievesyou repied:
Most of your answers here so far have boiled down to "this would never happen!"
You also dodged his question about the audit, which has been getting asked and dodged now for almost a year.
https://www.reddit.com/BitcoinMarkets/comments/4vhak0/usd_wallet_idea/d5zfa48/
decker's only response to this was
At least your username checks out.
External scrutiny
Various redditors and crypto news agencies have taken note of tether's issues over time.
https://np.reddit.com/Bitcoin/comments/6719bj/tether_announcement_about_their_banking_problems/ https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87 https://cointelegraph.com/news/tethers-bank-problems-create-unease-as-token-value-slides-below-1 http://www.newsbtc.com/2017/03/21/tether-balance-sheet-unveils-large-discrepancy-usdt-usd-reserves/ https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330
Implications
So why care? What predictions can we make from all this?
  • Bitfinex either can't provide actual, verifiable, 3rd party proof of it's reserves backing Tether, or so far has not cared to.
  • If there aren't enough reserves in the bank to back the USDT, then not everyone will be able to redeem them for USD. A sudden sell pressure would see prolonged withdrawal delays, and a drop in the value of USDT
  • Issuing unbacked Tether would allow an exchange to appear solvent and obtain assets at essentially zero cost, driving up the market price of many digital currencies in the process as their supply dries up.
submitted by digital_del to Bitcoin [link] [comments]

Bitcoin [BTC] Price Prediction Today: Rising Wedge Pattern and Double-Top Patterns Spell Doom

Bitcoin [BTC] Price Prediction Today: Rising Wedge Pattern and Double-Top Patterns Spell Doom submitted by n4bb to CoinPath [link] [comments]

The price of Bitcoin is back on the rise, reached over $1200 USD today (Bitfinex up over $1260 due to withdrawal issues)

The price of Bitcoin is back on the rise, reached over $1200 USD today (Bitfinex up over $1260 due to withdrawal issues) submitted by coinsaladcom to btc [link] [comments]

Bitcoin price RISING: How high could Bitcoin rise today? Why is Bitcoin rising? - Express

Bitcoin price RISING: How high could Bitcoin rise today? Why is Bitcoin rising? - Express submitted by ulros to fbitcoin [link] [comments]

Bitcoin rises or falls? Make money on any price changes with ExpertOption. Start trading today

Bitcoin rises or falls? Make money on any price changes with ExpertOption. Start trading today submitted by imurikauppias to EOtrade [link] [comments]

Bitcoin Gold price rises over +20% today

submitted by likachung to btg [link] [comments]

Bitcoin Price Today - YouTube BITCOIN PRICE WILL RISE ABOVE $400,000 SAYS ANTHONY ... Time Traveller's Prediction for Bitcoin Price 2019 Bitcoin price rise to $500k is inevitable Winklevoss twins ... RARE Bitcoin ALERT!!! Hidden Patterns?!! 👇🚨 Crypto ...

In terms of dominance, Bitcoin continues to decline and lose market share, despite today’s rise. Ethereum benefits from this, returning to 10%, already tested at the end of June. The strong increases of XRP bring its dominance back to 3.3%, which was not recorded since the beginning of June. Bitcoin chart by Tradingview Bitcoin (BTC) on the rise Bitcoin Cash, Bitcoin and cryptocurrency markets, price data, charts and news. Bitcoin’s price is $13,112.09 BTC/USD exchange rate today. The real-time BTC market cap of $242.7 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $4.65 Billion and live coin value change of BTC-0.29 in the last 24 hours.. Bitcoin Price: Live BTC/USD Charts, History Analysis Updates and Real-Time Coin Market Value Data Price Bitcoin Today shows the most accurate crypto live prices, charts and market rates from trusted top crypto exchanges globally. Price Bitcoin Today has over 1600+ cryptocurrencies, trusted historical data, and details of active, upcoming and finished initial coin offerings. Following a rise to more than $8,000 in late July, Bitcoin has remained around $6,000 to $6,500, other than a brief spike up over $7,300 in September. 610,260 All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment.

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Bitcoin Price Today - YouTube

That puts Bitcoin at, depending on how many are lost or stolen, $400,000 [to] $450,000 today. Do you think that Bitcoin is going to be the equivalent of the gold market? I don’t. It’s better ... #Bitcoin #Bitcoin_Price #Bitcoin_Today Bitcoin Price Today - 26 October 2020 Bitcoin Price Today: 13074 US Dollars Market Capitalisation: 242,62 milliards US... Bitcoin Price Analysis & Crypto News! 👍 THUMBS UP & SUBSCRIBE NOW + 🔔! ***** 🚨 VIP ELITE PRIVATE TRADE ALERTS- https://t.me/joinchat/AAAAAEts9GFT3RV_6wLjOQ... #Bitcoin #Bitcoin_Price #Bitcoin_Today More information: https://cryptodayprice.com Bitcoin Price Today - 28 October 2020 Bitcoin Price Today: 13738,63 US Do... Follow Bitcoin Price Today for DAILY short videos, market capitalizations, chart, rate... Disclaimer: Bitcoin Price Today doesn’t recommend holding, buy, or ...

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