Bitcoincharts Charts

So you want in on bitcoin?

Guide for Noobs

Simple and Not A Lot of Money

Guide for Not Noobs

Less Simple

-setup an account on coinbase.com, move dollars into your account, setup an account on gdax.com (same company, same login), move your cash from coinbase to gdax, buy your coins on GDAX at Market, fees are cheaper 0.25% versus 1.5%
-consider buying alternative coins supported by coinbase

No Fees

-all of the above but use GDAX's Limit/Buy, zero fees, but you have to wait for the market to dip below your buy price

More Money Available

-setup several Limit/Buy orders at different price points to capture dips when you are away

More Control but More Complex

-it's possible coinbase could go out of business, move some or most of your coins to a personal hardware wallet like a Trezor or Ledger Nano S, made in Czech Republic and France respectively
-consider using other exchanges with different fees and coin support
-consider buying other alternative coins supported by other exchanges

You Are Very Responsible

-create a paper wallet, put it in a safe, be warned it's like a visual bearer instrument, if you lose it or someone takes a picture of it...it's gone, but you have complete control over your money/asset

DO NOT EVER

-buy more than you can lose, it's early wild west days, the market could easily come crashing down
-panic sell, the market fluctuates regularly by 20%, thus far it has ALWAYS recovered, people that try to sell during a fall/dip and buy at the bottom usually miss time it and lose
-store your keys on your computer or phone unless its small amount, these are the two most vulnerable routes to hacking and simple hardware failure resulting in loss
-attempt to daytrade and time the best prices unless your real life job is day trading
-get addicted to watching the market, pay attention watch for dips, but don't let it crowd out your work or free time
-keep a LOT of cash or coin in an exchange, it is very easy to mistype and buy or sell far more than you meant to, exchanges can disappear with your coins
-buy a hardware wallet from anyone other than the company who makes it, i.e. do not buy one on Amazon, it is possible some third person hacked it and could steal your coin

PROBABLY DON'T

-limit sells until the far future when market volatility is down, flash crashes have happened and recovered, if you had all your coin in limit sells it would be gone
-margin trade unless your real life job is day trading
-stop buys or stop sells unless your real life job is day trading

DO

-hold your coins, your coin may be worth x10 or more in value in the future, e.g. if bitcoin replaced gold, bitcoin would be worth ~x70 the current value
-buy small amounts over time DCA, this might not seem intuitive but it spreads your risk out, reduces risk of buying at all time highs (ATH) and more likely to catch lows (dips), a fluctuation of $100 in price is small if the eventual value is worth x10 or more in the future
-keep a small amount of cash on an exchange always, when there is a lot of traffic/trading which happens during dips, you are much more likely to be able to make trades on an exchange rather than with your own wallet

REMEMBER

-if you don't have your coin in your own wallet, it's not your coin. this is not a problem until you have a lot of value and you want to keep it safe from a bankruptcy, unscrupulous people/exchanges, or unforeseen acts. if it's a small amount compared to your income it's an acceptable risk, if not then move it to a wallet
-in the days of fake news not everything you read is true, in fact there are armies of people shilling for 'pick a random coin'; some are malicious, some uninformed, and some willfully uninformed
-if your value starts to become large, dig deep into how your asset/currencies work just like you would for any other purchase, understanding how it works helps you understand if it will be a success, e.g. understand the difference between PoW vs PoS or what a hard fork is
-some coins especially newer ones are scams, a good indication of if it is not a scam is how long the coin has been around
-most bitcoin hard forks so far have not been successful with some exceptions
-btc is the accepted short-name for bitcoin on most (but not all) exchanges, xbt is also common in EUR-land

Other Risks

-holding your own coin requires personal responsibility, it is easy to lose and not be able to recover it if you are not careful
-again, do not buy more coin than you can lose
-transaction speeds which are slow are a serious problem in bitcoin scaling
-there is less innovation and more argument going on in bitcoin than some other coins, bitcoin is large enough that consensus is difficult, future change is less likely than with some other coins, there are other side solutions to bitcoins problems that may not require bitcoin to change much
-bitcoin.org IS the generally accepted bitcoin website, NOT bitcoin.com
-important other risks compiled by themetalfriend
-coinbase has insurance up to $250k USD for you USD Wallet which DOES NOT cover your bitcoins or other crypto currencies, they claim to have separate insurance for your crypto currency but it is unclear how much

Community

there are a lot of memes
-hodl, GameKyuubi mistyped hold and it spread
-to the moon, where everyone hopes the price will go
-coin on a rollercoaster, it is highly volitile market you will see this during fluctuations
-this is gentlemen, via Liquid_child , here
-lambo/roadster, a car people want to buy when they get rich
-the cost of pizza, early days someone bought a pizza for 10,000btc which is worth over ~80million USD today
-tesla/vehicle with a bitcoin chart, cytranic posted a picture that spread
-intersting guide by stos313 , here. I do not agree with everything but it has a lot of useful information.

CORRECTIONS

Edit: Adding in user comments.
Edit: Crosslinking to a more Beginner Version.
Edit: Note in an earlier edit of this guide I said.
note that most of the development on bitcoin is by employees of one company, it is open source but their priorities may not align with the community
This is not true. Blockstream appears to have a high representation but not an overwhelming amount. You can compare blockstream's employee page and bitcoin's commits in the last year. Thank you to lclc_ , trilli0nn , and Holographiks for pointing this out. See this for a detailed break down.
Edit: Clarification that FDIC insurance does NOT cover crypto currency/assets.
Edit: Clarity on who owns bitcoin.org

Good Luck and Hodl.

Please comment if your experience is different. Or call out things I missed.
submitted by cryptocurrencypeople to Bitcoin [link] [comments]

Beginner’s Guide to Exchanges – Part 1

Beginner’s Guide to Exchanges – Part 1

Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges) Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, EVERY exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.

00 – Concepts and Definitions

01 –Digital Exchanges

Poloniex

Exchange Type Maker Taker
All Currencies .15% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security ‘Majority’ of Funds in cold storage
Personal Information Encrypted and Stored Off-Site
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X $2,000 USD Daily Withdrawal Limit
Level 2 X X X X X X $7,000 USD Daily Withdrawal Limit
Level 3 X X X X X X $25,000 USD Daily Withdrawal Limit
Level 4 X X X X X X X X >$25,000 USD Daily Withdrawal Limit
What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.

Bittrex

Exchange Type Maker Taker
All Currencies .25% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security Multi-stage wallet Majority’ of Funds in cold storage
Personal Information IP Whitelisting restricts trading from new addresses
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Basic X X X 3 BTC or less daily
Enhanced X X X X X X 100 BTC or less daily

02– Fiat Exchanges - USA

Coinbase (GDAX)

Country Credit/Debit Linked Bank Account Wire Transfer
Australia 3.99% - -
Canada 3.99% - -
Europe 3.99% 1.49% SEPA- Free (€0.15)
Singapore 3.99% 1.49% -
UK 3.99% - SEPA Free (€0.15)
US 3.99% 1.49% $10 Deposit / $25 With / ACH Free
Exchange Type Maker Taker
ETH/FIAT 0% .30%
ETH/BTC 0% .30%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X X
Level 2 X X X X X Crypto Only
Level 3 X X X X X X X Fiat Enabled
Level 4 X X X X X X X X Higher Fiat Limits
Feature Details
2FA Google Authenticator, Authy, SMS
Wallet Security 98% Assets in Cold Storage
Personal Information 3rd Party Verified, Secured, Stored Offline
Digital Currency Insurance Fully Insured by Lloyd’s of London
Fiat Insurance Up to $250,000 by FDIC
Bug Bounty Multiple bounties up to $10,000

Kraken

Country Linked Bank Account Wire Transfer
EUR Free SEPA €5-10 (€0.09 Withdrawal)
US Free SWIFT $10 ($60 Withdrawal)
UK Free SWIFT £10 (£60 Withdrawal)
CAN Free SWIFT Free ($10 Withdrawal)
Exchange Type Maker Taker
ETH/FIAT .16% .26%
ETH/BTC .16% .26%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 0 X No Trading Allowed
Level 1 X X X X No Fiat, Unlimited Crypto
Level 2 X X X X Fiat $2,000Day/$10,000Mo
Level 3 X X X X X X Fiat $25,000Day/$200,000Mo
Level 4 X X X X X X X X Fiat $100,000Day/$500,000Mo
Feature Details
2FA Google Authenticator, Master Key Available
Wallet Security Majority Assets in Cold Storage
Personal Information PGP Encrypted Emails, Global Settings Lock
Digital Currency Insurance Maintain Full Reserves
Bug Bounty Multiple bounties

Gemini

Country Linked Bank Account Wire Transfer
USD Free Free
Exchange Type Maker Taker
ETH/ALL .10-.25% .25%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X X None - Except for ACH
Feature Details
2FA Google Authenticator, Authy Available
Hot Wallet Security Hot Wallet Hosted by Amazon Web Services
Cold Wallet Stored in 2 tiers of cold and 'cryo' multi-sig storage
Personal Information Encrypted in Transit and Stored Offline
Digital Currency Insurance Fidelity bond by 'top-tier insurance company'
Fiat Insurance Up to $250,000 by FDIC

03– Fiat Exchanges - Hong Kong

Bitfinex

Country Credit/Debit Bank Transfer Express Bank Transfer
ALL - .1% ($20 Minimum) 1% ($20 Minimum)
Exchange Type Maker Taker
ETH/ALL .10% .20%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X (2) X X No Stated Limits
Feature Details
2FA Google Authenticator, Twilio Available
Account Security New IP Addresses locked for 24 hours, require verification and detection
System Security Hosted and Backed-up on Linux, protection from DDoS
Personal Information Email encryption with OpenPGP
Wallet Security Only .5% of funds are stored in hot wallets
EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
submitted by poop_dragon to ethtrader [link] [comments]

Let’s All Admit that the Bitcoin Price Bubble Has Popped

Has bitcoin bottomed yet? And, what does the aftermath of major bubbles bursting look like and its implications for price?
Thursday, bitcoin had a relief rally in sympathy with most other commodities as the Swiss National Bank (SNB) de-pegged the Swiss Franc from the Euro. This was a surprise move by the SNB but was necessary as being pegged to the Euro has been killing the Franc as the Euro has been sinking against a strong dollar due to Eurozone economic malaise.
http://i.imgur.com/x0N089k.jpg
A previous article written on this subject can be found here. There is a lot of speculation as to why they did this now and the prevailing sentiment is twofold: the SNB expects the European Central Bank (ECB) to launch massive QE and this will further weaken the Euro so they wanted to get ahead of the curve as the SNB has had to purchase a ton of Euros to protect the Franc and their threshold has been reached.
As a result, the Swiss Franc surged and the Euro weakened, while the USD strengthened. All commodities (gold, oil, copper, silver, bitcoin etc.) also saw a sharp rise in anticipation of QE coming.
Has bitcoin bottomed yet?
The simple answer is no, not yet. As mentioned above, bitcoin had a relief rally yesterday in due to the SNB news in combination with an extremely oversold chart. A relief rally generally occurs in a downtrend, when buyers show up and shorts cover but it is nothing more than a countertrend move and is fleeting at best. As the chart below shows, the downtrend is still intact and yesterday on the daily chart shows a failed attempt to put in a bottom in the form of a Bullish Engulfing Pattern (see here).
As a result, there is more downside. Price discovery is a process, but its looking likely at the very least we get a retest of the 160 level, with an eye on 133, which is the Mt. Gox low as mentioned previously. Volume has picked up along with volatility, so the bottoming process continues.
http://i.imgur.com/GPTaRIj.jpg
Generally, price precedes news. With this downtrend strongly in place, one can assume whatever news comes out will be bad. As we continue to bottom, the bad news can be assumed to be in the price and will not lead to a leg lower. In other words, it will be “priced in.”
What the news will be is anyone’s guess, but certainly something is overhanging Bitcoin. In fact, one sign of a bottom will be when bad news comes out and price doesn’t react to it or reacts in an opposite than most people expect.
What happens in the aftermath of bubbles? The bitcoin price bubble has burst — that can not be denied. This is a major bubble that has popped as bitcoin has broke through many major support levels on its way down, and is still sinking. Below are charts of other major bubbles and unless one is visually impaired the similarities should be striking. The reason I display these charts is because the aftermath of price bubbles is similar for all of them, and bitcoin should be no different.
This is the Japanese real estate bubble:
http://i.imgur.com/JWL1ZRI.jpg
This is the Dutch East India Company:
http://i.imgur.com/c6c5fsv.jpg
This is the Dot-Com (1999–2000) bubble:
http://i.imgur.com/d9xtq5D.jpg
This is Silver in 1980:
http://i.imgur.com/zdjG71k.jpg
And finally this is bitcoin:
http://i.imgur.com/f8hH5nw.jpg
Let’s all admit that the bitcoin price bubble has popped. But what we can expect as price searches for a bottom?
For now, we can expect volatility to hold up since the bottom isn’t locked in yet. Right now, it looks like we are seeing bottom fishing happening. This is when people are looking for a bottom without being presented of any evidence of such. It’s a sort of front-running for a bottom in anticipation of prices going higher at some point.
Once again, bottoming is a process and takes time. History shows that as a bottom forms, volatility dies off as buying and investment interests wane. Traders also move away from the asset as volatility dies in search of better returns elsewhere. Fundamentals start to matter and price just doesn’t begin a massive upside move.
In fact, it remains range bound for long periods of time. Within this range, I would expect to see large moves, though the price should not to go back to its highs for quite a long time. During this time, companies will continue building on the protocol with the price becoming ancillary as innovation moves forward, which in turn could lead to surges in price as well as many macro economic factors down the road.
In an interconnected global world, things change rapidly and the price is no different. This is a model based on past bubbles and could be different with bitcoin for a variety of reasons, but generally the pattern fits and I would expect a range bound price and a period of low volatility for a while once the bottom is established.
Below is a chart that shows the stages of a bubble bursting and the aftermath:
http://i.imgur.com/FTA5YbQ.png
Written by George Samman, former Wall Street Portfolio Manger and Co-Founder and COO of BTC.sx. BTC.sx is a bitcoin trading platform offering up to 10x leverage to go long or short in bitcoin for bitcoin.
submitted by BTC_sx to BitcoinMarkets [link] [comments]

Interactive, touch-device & iOS friendly Bitcoin candlestick charts

Meet my weekend project...
Audience and purpose
Features
Where to find
Your opinion
Hope you like it! Chris
submitted by croni to BitcoinMarkets [link] [comments]

This is what it looks like when an exchange has pricing skewed down because of NON martket forces. People can ONLY sell and buyer who still want to buy temporarily aren't ALLOWED to deposit money into the exchange even though they still want to.

The price drop in china is not a market price. It is a skewed price when people who want to buy temporarily can't and people can only sell.
This causes the price to drop but is not actually representive of the true market price.
This is what that looks like in aggregated buy and sell orders for that market BTC China. (note the HUGE ARTIFICIAL imbalance)
http://bitcoincharts.com/charts/btcnCNY/accumulated_orderbook.png
compare it to Mt Gox Usa here
http://bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png
or MT Gox europe here
http://bitcoincharts.com/charts/mtgoxEUaccumulated_orderbook.png
As Bobby Lee said here
http://video.cnbc.com/gallery/?video=3000229171&startTime=181&endTime=207
He is simply going to get a method of cash deposit working around third party payment processors to take deposits so they can sell in China again.
Right now however there is no physical way the buyers in China who still WANT to buy Bitcoin can deposit money to buy those coins.
China still WANTS to buy them and they are still legal as Bobby Lee makes clear in his statement.
(In fact at these prices they would snap them up)
This is an anomaly and NOT a price set by market forces.
It has created a huge opportunity to get bitcoins at a price way under what a real market value price would likely be if the china buyers could buy. They likely will figure out a way to get money or value to BTC China again in the future.
edit
Seeing downvotes of these facts. The shills now don't actually even want you to see factual graphs anymore. They want to keep this information .. the factual, unaltered, third party graphs direct from the exchanges.. away from you.
Now why would anyone want to downvote factual graphs if they aren't a shill with a goal of hiding the truth from you?
submitted by georedd to Bitcoin [link] [comments]

Why do mtgox and bitcoin-24 prices differ so much?

MtGox still under 70 EUR while bitcoin-24 at 75 EUR.
http://bitcoincharts.com/charts/mtgoxEUR#rg1ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/btc24EUR#rg1ztgSzm1g10zm2g25zv
submitted by bitcoin_lightning to Bitcoin [link] [comments]

ZeroBlock Launches on Android

ZeroBlock combines Bitcoin market exchange data with an aggregated news feed to give you a platform for instantaneous access to everything that is happening in the Bitcoin market. This app allows you to monitor the current Bitcoin (BTC) exchange rates. Free alerts are sent via push notifications directly to your phone.
http://mobile.zeroblock.com/
Features include:
The following exchanges are supported:
*The exchange prices are updated every second.
Android:
https://play.google.com/store/apps/details?id=com.phlint.android.zeroblock&hl=en
iOS:
https://itunes.apple.com/us/app/zeroblock-real-time-bitcoin/id643184018?mt=8
submitted by zeroblock to Bitcoin [link] [comments]

Interactive, touch-device & iOS friendly Bitcoin candlestick charts

Meet my weekend project...
Audience and purpose
Features
Where to find
Your opinion
Hope you like it! Chris
submitted by croni to Bitcoin [link] [comments]

How do I look up Bitcoin prices for manual orders in my online shop?

So I have a small online shop and want to accept Bitcoin. The problem I now have is twofold:
a) I use a webshop host that only allows Paypal as a payment gateway. So, because I don't want to move my whole shop and wanted to dabble in BTC for a start, I thought, well, I'll just accept them manually and have people email me their orders. I've seen other shops do that. But that leads me to my bigger problem:
b) Since the BTC price is very volatile, and I want to be fair, I decided that I'd take the time of the email and look up the BTC price at that time. Now how do I do that? There's a nice chart at Mt. Gox for example, but it only shows hourly candlesticks. No big deal, I thought, I'll just take that hours median. But then I noticed there's no reference to the time zone of the graph. When I looked, it was 15:30 local time (GMT+1), and the chart ended at 13:00 for USD and 12:00 for EUR. Now is the chart in GMT-1 or GMT-2, or is there a lag? If so, how many hours?
So, long story short: Which rate should I use to calculate my BTC order totals? Do you guys know of a place where I can look up "historical" rates accurately?
TL;DR: Where can I look up, e.g. "BTC price in USD at hh:mm UTC/GMT"?
submitted by ChickenFarmer to Bitcoin [link] [comments]

Does anyone get why bitstamp doesn't quote prices in EUR?

Practically, converting all funds to USD may work since fiat is relatively stable short-term, especially compared to bitcoin.
However, there is a deeper problem: We don't really know how much a Bitcoin is in EUR. The Mt. Gox price is problematic as a long as SEPA transfers are delayed. The bitcoin.de chart has huge spikes due their mode of operation allowing for different payment options. BTC-E is, well, what it is. And, bitstamp quotes USD.
Where can I find a reliable SEPA-EUBTC quote? bitcurex? All other exchanges are either defunct, I have never heard of them, or unreliable as a price quote (localbitcoins).
submitted by shallnotwastetime to Bitcoin [link] [comments]

#315 Mt Gox Bitcoin Preis Crash Mt Gox BITCOIN DUMP Incoming? - China Crypto Rankings - Chicago Mayor Crypto Adoption - XRP Ovex bitcoin price Mt Gox site disappears, Bitcoin future in doubt YouTube bitcoin price Mt Gox site disappears, Bitcoin future in doubt 1300 Dollar pro Bitcoin! Mt.Gox Entschädigung - IOTA News nach Hack - BTC Chart

Sollte BTC eine Schulter aktuell ausbilden (16500$) , könnte es nochmal die ziele unter 10K $ abholen. Die Muster wurden mithilfe des MTGOX Crash Chart gezeichnet. Ich glaube nicht dass sich das wiederholt. Aber aus Interesse mach ich das mal öffentlich. Im Neujahr 2018 sollte BTC die ziele über 20k abholen und bei 30k wieder einen Rücksetzer. Bitcoin Charts. Blocks: 481823: Total BTC: 16.523M: Difficulty: 923233068449: Estimated: 887736944047 in 1 blks: Network total : 7983858.406 Thash/s: Blocks/hour: 7.25 / 497 s: Home; Bitcoin; Markets; Charts; About. Jul 23, 2020 04:37:00 (UTC) Advertise on Bitcoincharts. Overview; Currencies; All Markets; Mt. Gox (EUR) Summary; Trade History; Market Depth; Trade History 60d; 30d; 10d; 5d; 2d; Bitcoincharts provides real-time market overview for currently 38 exchanges. Bitcoincharts provides real-time USD price data of the Mt. Gox exchange including charts, orderbook and more. Real-Time Mt.Gox BTC/GBP Market Charts. ... LTC/USD LTC/EUR LTC/RUR LTC/CNH LTC/BTC: Bitstamp: BTC/USD: BTCChina: BTC/CNY LTC/CNY LTC/BTC: QuadrigaCX: BTC/CAD: Bitcoin.de: BTC/EUR: Coinbase: BTC/USD: Huobi: BTC/CNY LTC/CNY: OKCoin: BTC/CNY LTC/CNY: Kraken: BTC/EUR LTC/EUR: Bitfinex: BTC/USD LTC/USD LTC/BTC: 796: BTC.FUT LTC.FUT: BitVC: BTC.FUT LTC.FUT: BTC-e: PPC/USD PPC/BTC NMC/USD NMC/BTC ...

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#315 Mt Gox Bitcoin Preis Crash

Bitcoin Falls - Round Two! Whale Trader Games, Playing The Charts, Gemini, CFTC Regulations - Ep160 - Duration: 22:27. Coin Mastery 42,157 views bitcoin price Mt Gox site disappears, Bitcoin future in doubt BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S ... Close. This video is unavailable. This is the best Mark Karpeles Mt. Gox Bitcoin Documentary 2019! #mtgox #markkarpeles #goxxed #bitcoin #documentary #bitcoindocumenatry Bet with your bitcoin completely anon! Double up today with ... For the Love of Physics - Walter Lewin - May 16, 2011 - Duration: 1:01:26. Lectures by Walter Lewin. They will make you ♥ Physics. Recommended for you

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