Topic: 2014 vs 2018 - page 2. (Read 843 times)

bittrex is based in the USA though. and they were being pressured by the government---hence all the business with confiscating the funds of iranians.

you think binance would succumb to such pressure? when the japanese government warned them over operating without licenses, they just moved operations elsewhere and continued serving japanese customers. there's obviously a big difference between eg coinbase and bittrex vs binance and bitfinex regarding willingness to roll over to government authority.

maybe, but i believe as soon as these exchanges do something like that, they sign their own death warrant and make another new exchange huge.
for example you can look at the case of Bittrex and Binance. last year bittrex was one of the biggest exchanges with near #1 volume, overnight bittrex changed its rules and forced KYC. people left it for a brand new exchange at the time (Binance) and now Binance is #1.
if this trend goes on, centralized exchange of crypto-crypto will die and decentralized way will replace it.

I really hate this, but let's look at the comparison between 2014 and 2018. The most prominent difference is something that makes bitcoin prices fall. this year the price of bitcoin was dropped due to the many negative news and ico scam.

This is the state of the market you have carefully analyze in three to four line.  The market is becoming more transparent by the day and the usual pumping that we do have due to some loopholes created are no longer there.  I think now the best thing to do is to  buy bitcoin and hold as many altcoins are not going to survive in a long run.

It's starting to take over rapidly, where soon every compliant exchange will no longer allow even crypto to crypto trades without verification. Bittrex is already doing it.

Hitbtc is a horrible exchange, they likely won't ever plan to become compliant to the extent of forcing every user to verify itself. It makes Hitbtc a ticking time bomb with how at any time of the day authorities can raid the crap out of them and turn them into BTC-E (now WEX) 2.0.

I don't often pay attention to lunatics such as John McAfee when it comes to price speculation, but he is 100% right on how much of a problem exchanges as Hitbtc are to this ecosystem.

Read; https://bitcoinist.com/john-mcafee-anti-corruption-hitbtc/

A-ha, sure. Now you know there are more than 2 thousand of various coins, some of them 100% will go parabolic in the future, but I doubt you are buying any of them right now. Always easy to talk knowing the end result.

Not exactly. For instance, if you exchange crypto for crypto on Hitbtc, no ID is needed. I think that KYC is mainly required if you're dealing with fiat-crypto situations. As for the market - I am not it will restore its value, but hopefully the latter will become more and more based on usage of cryptocurrencies and the relevant demand for them. Trading became harder with fiat, but between cryptos it's still fine anyway. People just left the market. They'll come back when they know better than panicselling and stuff like that. I lost about $1k because of a huge dump forever (because I needed to withdraw some btc during the bad times), but I  am still glad to see that the market is more stable than it used to be.

In 2014 new altcoins were popping up almost daily. Now that had almost stopped. All we have are startups crowdfunding their founds with ICOs. And then claim that is utility token.

It has a really big difference between on that year if you compare this present year to the pass. Before few people are known bitcoin(crypto) it means the holders too aren't too much compared on this year. Because of many waves of panic sellers on this year bitcoin and other alts drastically going down so, we need stronger hand holders and stop spreading fud news. Passed is pass try to look out the future, years passed is not the comparison to the market price movement.

That's what happens with some of these folks who are hoping so much for a bitcoin crash, yet they are unable to understand the difference between bitcoin and crypto overall.  They think (or at least purport to think, to the extent that they are being genuine in their shill/troll attempts) that crypto is all one BIG amalgamated mess, and bitcoin is just one of the bunch.  It is certainly a misinformation framework that is created by these shill/trolls, who might even act as if they are pro-bitcoin since that seems to get them more reception/attention for their non-sensical and ill-substantiated points.

2014 has passed away, now we should think about the future. According to the current situation of the market, the price will remain the same atleast till the end of this year. Let’s see what happens in the next year, hope it will be better than this one. Anyway if I knew about bitcoin in 2014, I would bought minimum 10000 bitcoin and now I will be the richest person of my community.

your problem is that you are looking at altcoins and their pump and dumps. then take a look at a small portion of bitcoin price rise and then make your decision and call the whole bitcoin rise a "pump"!

Pursuer if you don't think 2017 was a pump and alts are going 10x weekly these days I'd like to know what drugs you are on, because they must be really goooood.

you are looking at things in a very simplified way by using halving as a point of reference for a 4 year long period! no market is affected by one cause like halving like this for 4 years!

1. from the early days that altcoins were created with the goal of being pumped and dumped we are having big altcoin pumps nearly every day. it has never been consistent 10x per day but pretty close to it and it is still happening as we speak today.
2. again from early days whenever an exchange needed to work with fiat and banks they were asking for KYC because that was required of them. these days in some countries regulations are becoming more serious but I don't see your point in mentioning this here!

the alt scene is pretty much the same bullshit as ever. just because YOU don't see more than 2x pumps over a month that doesn't mean they aren't happening. of course the 2017 pumps has left most of them damaged and still dumping but the big pumps are still happening because the pumpers still want money and there are enough newbies left to scam.

bitcoin will never pump again. in fact it has been about 5 years that bitcoin is not pumpable because the market has grown big enough that prevents any "pump" from happening. besides bitcoin is not some pump and dump shitcoin that you can pump!

none of the things you said so far has anything to do with bitcoin though! bitcoin price will continue to rise as its adoption is going to continue to grow. with more demand and its scarce supply that is inevitable.

but no it will never be pumped again. 2013 was the last time we saw a pump performed by Mt Gox.

No thats not really the case, the base protocol is improved if anything.    I was trading around 2014 just the same and the failure of a major exchange at that time seemed more negative then now, again it was not a failing of the protocol.
Peer to peer the crypto space remains just as able as previous years.   Centralised sites of trading is always its own risk and benefits but not a description of overall sucess or usage for BTC.   

Another point most important is that USA is not BTC, this is only one country and to me BTC was always about the billions around the world who especially do not benefit from the current banking system.    The attractions for someone in the west who can transfer instantly was always more questionable but a cheap to use network in many other countries is often not there and BTC continues to have a good base case for usage

What happened in the past doesn't really have to repeat itself at all. What happened in 2014 was related to mtgox and right now we do not have anything remotely similar to mtgox happening yet price keeps falling and not increasing.

It is true that the only similarity is people got really excited and many people said "I wish I bought at 250 dollar prices before it went to 1400 dollars" yet when it was $1400 they didn't (me included) purchased it and when the price fell down they were like "told you!" and then it reached $20k.

It was still at around 900 dollars at around 2017 last year summer before it skyrocketed. So, we may or may not wait a long time but I doubt it would be similar.

How can crypto go back to the good days? I fear it's only going to get worse from here, and what made crypto cool is gone forever. Wtf is the value in it now with no anonymity, no way to transfer it freely around exchanges, no volatility opportunity to increase wealth, US citizens being locked out - I think this scene is dead man walking.

I agree with your statement,it's easier to make profit and see the coin price multiply in past years, now we got tons of alt and tons of regulations for crypto, and the kyc requirement make the crypto investment same with Fiat investment,so the regulations is disadvantage for crypto, and I think we won't see any huge rising anymore in crypto

I wasn't paying much attention to alts back then, but what you're saying about BTC price action definitely resonates with me. In 2015, I unfortunately was viewing the post-crash sideways as a bearish consolidation, so I kept shorting it......old trading wisdom often says that a trend followed by sideways means continuation is coming.

I actually did pretty well in fiat terms back then because the market kept giving back gains, but lost a lot of coins. Lesson learned! Now I'm well aware this type of price action can be a launch pad as well. I definitely wouldn't be selling coins here.

"Back in the very early days it was the exact opposite. 95% usage 5% speculation. It was an actual currency."

You mean when it had a million dollar market cap and hardly anyone thought it would actually be worth anything significant?