“Breaking through the $6,000 barrier is a moment of truth for Bitcoin. This had been a major support level throughout most of 2018 and holds major psychological significance for the community. I expect to see a small sell-off initially before the price breaks higher.
If this happens, we could see prices reach levels last seen at the start of 2018, potentially hitting the $12,000-$14,000 range by the end of the year. Given that global markets are having a bit of a wobble at the minute, Bitcoin’s price growth in recent weeks means it is one of the strongest asset classes so far in 2019.” Simon Peters, analyst at eToro
Well ….. I made Yahoo News. So at least someone In our government must have received my messages, if there's anyone left in the government who can still understand straight talk.https://t.co/TS1riS0y87
— John McAfee (@officialmcafee) May 11, 2019
“The situation with Tether and Bitfinex seems like a really big mess that probably won’t get better. Tether is somewhat important to our ecosystem because it’s used by different institutions to effect more fluid trading. There are other price-stable tokens out there – many others – and I think they’re going to gain traction because of this. I think that will be a really good thing.” Joseph Lubin, Co-founder of Ethereum and Founder of ConsenSys
Today in Congress Rep. Sherman called for a bill to ban all cryptocurrencies.
This is why Coin Center is needed in DC now more than ever. pic.twitter.com/jgikm7z8bI
— Coin Center (@coincenter) May 9, 2019
“Cryptocurrencies are not really currencies, they are assets. A euro is a euro, today, tomorrow, in a month, it’s always a euro. And the ECB is behind the euro. Who is behind the cryptocurrencies? So they are very, very risky assets.” European Central Bank (ECB) President Mario Draghi
CZ is catching a connecting flight. His bags don't make it in time. He saunters up the aisle and grabs the PA from flight attendant.
"I could have stopped this plane and shut down the whole airport to get my bag, but I chose not to. I am a generous god."
The passengers applaud
— nic carter (@nic__carter) May 8, 2019
“The attack on Binance is a yet another case showing how unreliable centralised exchanges are. Obviously, even with the presence of impressive financial resources, enabling the exchange to address the security issue properly, and despite the trust of millions of users around the world (as is well known, Binance is one of the leaders in trading volumes), such exchanges are outdated and are more like a giant game of Russian Roulette than a financial ecosystem that stimulates the favourable development of the crypto market.
It is highly likely that a similar situation will soon happen at other “Binance-like” major exchanges that will remain nameless. The consequence of such events is the slowing down of the development of the crypto financial market, since such attacks increasingly weaken the confidence of participants and delay the entry of institutional entities into the market. Market participants have high expectations related to attacks: namely, that the market will begin to develop strongly and become more orderly and professional. In other words, the institutional entities will lead the market to a higher professional standard.
There is only one way out, and that is to urgently and drastically change the approach to the storage of client funds. The funds must either be kept in the custody of licensed, highly-reputable third-party custodians or with the client in a personal decentralised account, which, in our opinion, is a more reliable option. At Xena, we are actively working on this solution and will soon present it. Only the client is able to access their funds, and the relationship with the exchange must remain independent and trustless.” Julie Plavnik, CBDO, Xena Exchange
Using crypto is easy!
You just need:
– 2FA on everything
– Ledger for cold storage
– Key recovery plan
– New browser extensions
– Wallet for phone
– An exchange account
– Know terms like "gas"
Oh & 95% of coins are scams & hackers are always trying to steal your money
— Ryan Sean Adams (@RyanSAdams) May 8, 2019
“Despite the Binance hack, Bitcoin seems to be continuing with its current upward trend. That’s not to say that we’re unlikely to see any more falls. While the market has been overdue a rally, it won’t just be a straight line upwards from here on out. Prices are likely to remain volatile with wild swings.
While some attribute the rally to the upcoming New York blockchain week, this seems more coincidence than cause. The main driver is likely to be the anticipated halving of the mining reward for Bitcoin. While still a year away it has been identified that a rally in Bitcoin tends to precede this event. This has happened every time a halving has taken place, as a diminished supply will naturally lead to more demand.” Gavin Smith, CEO, Panxora
To advocate for crypto is to advocate for money to be subject to open competition, like any other important good or service in a market economy. The money monopolists (central banks and governments) will oppose this change, softly & curiously at first, and then with a vengeance.
— Erik Voorhees (@ErikVoorhees) May 12, 2019
“With Facebook Coin, Facebook has lit a fire in the pants of every major FinTech and financial institution in the US.” Blockchain Capital partner Spencer Bogart
I am shocked that @cz_binance even went there. Talk of forking or reorganizing the blockchain is close to heresy. When the ethereum community did it the project was like 5 months old. A baby. Bitcoin now has $100bn market cap and is a legitimate store of wealth. https://t.co/pXSqiUcq0i
— Michael Novogratz (@novogratz) May 8, 2019
“BitPay is at the cutting-edge of blockchain-payment technology and has proven itself as a valuable partner to numerous companies and consumers globally. I believe that BitPay has the opportunity to be a game-changer in the financial technology and payment space as the use cases for blockchain payments grow around the world. I am very excited to be part of this journey and join the team.” Glen Braganza, BitPay Chief Financial Officer
In 2008, US taxpayers were forced to bail out the banks by purchasing their toxic debt. In protest of that crisis, Bitcoin was born.
In 2019, Bitfinex wants a bailout of their own. The difference is, they can't compel us to buy their IEO.
I'm not here for the Bitfinex Bailout.
— Jake Chervinsky (@jchervinsky) May 5, 2019
“Blockchain…very interesting development.” Prince Charles
“I think the people who are professional traders that go into trading cryptocurrencies, it’s just disgusting. It’s like somebody else is trading turds and you decide, ‘I can’t be left out.'” Berkshire Hathaway Vice Chairman Charlie Munger
#Bitcoin is up 6% to its yearly high of around $6,000. Don’t be fooled, a 6% uptick is nothing after its huge plunge. Bitcoin in unreliable and susceptible to fraud, it is not a currency, but nothing more than a highly-speculative asset https://t.co/dDCgwtPu4r
— Prof. Steve Hanke (@steve_hanke) May 4, 2019