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Everyone is holding and saying prices will go up again what can make prices go up again ? I do believe it will go up but not like last December unless something comes in and changes the market so what do you think it could be ?
What could it be...? Well, it could be yourself. Only holding is not enough, you need to create value to the network, and that can be done by promoting Bitcoin to people who might be potential investors. |
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It's actually the opposite. Look at how many people don't invest in crypto due to the fact that it is unregulated space. I would say that these new regulations may bring high profile investors from big markets in the world.
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For some couple of days now, the price of bitcoin has been between 10k - 11k (which i actually thought would take a support at the said range).
Knowing now that it has gone below, what is your take on the current situation.
It might drop more from now. I see experts saying it will go to $7500, and then bounce back, but I think at this point it is to risky to trade. If you have been holding Bitcoin so far, and believe in its long term success, I don't think it is a good idea to touch your coins right now. |
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You should never be emotional when investing in cryptos. Like in every market, it's all about efficiency. Your coin might have good results, not depending on how you like it, but on how good are the developers at delivering a good product.
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I'm quite sure we might have much better years. The growth that Bitcoin has had lately is comparable to those we have seen in coins with almost no substance. So I'm confident that Bitcoin did not show it's full potential yet.
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Bitcoin is a great asset for people with a long term mindset. It's the only cross-borders, censorship resistant asset on the planet. And that by itself create something unique, that can help a lot people all over the world.
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It can be manipulated, like any other asset. However, it's quite difficult. The fact that it is not regulated doesn't make it easier. It actually makes it more difficult, because no politician or corporative guy can influence the price with rumors or interference in the way the protocol works.
The fact it is widely distributed is another major advantage against manipulation.
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If what you're trying to store is something you can call decent cryptocurrencies, they certainly have good core developers, that have been able to developed good core wallets. That's in general the way to go when you can't find a trusted third party wallet.
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Learning about this government's stupid idea about cashless society, I think Bitcoin's role in our society will be bigger than we think.
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-snip-
And Byteball airdropped to exchanges who held so much BTC, so guess for yourself if any kickbacks were involved.
-snip-
Since the beginning there was filtering mechanisms preventing this from happening. And it was further improved: Inspired by my conversation with Aleš Janda (who is very knowledgeable in blockchain analysis and runs walletexplorer.com and chainalysis.com), there is a new rule for microtransaction-proven bitcoin addresses:
- if the address had more than 50 transactions in the last 3 days, it is rejected. Linking by signature is still possible.
Such frequent transactions are common for exchanges and other shared wallets, and the rule prevents its customers from linking the shared address by doing a withdrawal.
This adds to the other two rules that serve the same purpose:
- if the microtransaction has more than 2 outputs, it is rejected (with the exception of Electrum 2fa transactions that have 3 outputs), because exchanges often aggregate several withdrawals into a single transaction
- if the same address was already linked before by another user, the new link is rejected and the old link is canceled. This applies only to tx-proven addresses, and the reason for this rule is that for sufficiently popular exchanges, there will likely be more than one user who tries to cheat.
The two old rules were good enough at filtering large well known exchanges but a small number of addresses of smaller exchanges were still linked. The new rule is to filter them too.
Oh come on. Well I’m glad you linked to that because I read it in the past and couldn’t find it again. Afaics, that filtering rule is easily subverted. And most of the exchanges’ BTC are presumably in deeper storage any way, so the filtering rule will not help. Besides, wasn’t that rule added far too late after the most economically significant air drops were already completed. For such an important issue, where is the comprehensive document which explains all the filtering methods employed in sufficient, holistic detail and the timing that each was employed and the complete accounting of air drops and dates. We should not have to go searching in a very long project thread to try to dig out the details which are buried in posts. Also we know for a fact they did not filter out Iconomi’s ill gotten, illegal security issued ICO hoard, because Iconomi wrote a Medium blog post about how they got 9.766% of the initial Byteball money supply. “if you scratch my back, I’ll scratch yours” (but really we’re just-us working together to build a better world, not scamming) I guess what irritates me is pretending something is more egalitarian than it really is. I have no problem with admitting that egalitarianism is impossible, so why not be transparent about it. Why make these SJW-like lies to ourselves pretending what isn’t. I suggest you read it again. The filtering is to prevent customers from linking the exchange addresses, not the exchange itself from linking it. If you see, linking by signature is still allowed. Exchanges, ICONOMI and other ICOs own the private keys for these addresses, which makes them, from a protocol perspective, owners of these coins. I'm not saying it's perfect, but I also don't see these exchanges linking their cold storages by signature. Even if they are there, again, from a protocol perspective, we can not blame them. In crypto, that's what we're signing for. |
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-snip-
And Byteball airdropped to exchanges who held so much BTC, so guess for yourself if any kickbacks were involved.
-snip-
Since the beginning there was filtering mechanisms preventing this from happening. And it was further improved: Inspired by my conversation with Aleš Janda (who is very knowledgeable in blockchain analysis and runs walletexplorer.com and chainalysis.com), there is a new rule for microtransaction-proven bitcoin addresses:
- if the address had more than 50 transactions in the last 3 days, it is rejected. Linking by signature is still possible.
Such frequent transactions are common for exchanges and other shared wallets, and the rule prevents its customers from linking the shared address by doing a withdrawal.
This adds to the other two rules that serve the same purpose:
- if the microtransaction has more than 2 outputs, it is rejected (with the exception of Electrum 2fa transactions that have 3 outputs), because exchanges often aggregate several withdrawals into a single transaction
- if the same address was already linked before by another user, the new link is rejected and the old link is canceled. This applies only to tx-proven addresses, and the reason for this rule is that for sufficiently popular exchanges, there will likely be more than one user who tries to cheat.
The two old rules were good enough at filtering large well known exchanges but a small number of addresses of smaller exchanges were still linked. The new rule is to filter them too.
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I think that will only happen to progressive country who has high technology and who established bitcoins in their community. It would take long years before it could adopt by the third world countries. But i hope it would happen in the future for us to be able to transact easily with merchants using bitcoins.
Yes, the higher the level of development and education, the greater the chances of a nation adopting Bitcoin on a large scale. But in some situations the adoption of Bitcoin occurs first in third world countries, such as Venezuela, where people feel more strongly the destructive effects of fiat currencies. |
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I think we have plenty of gambling services, I think we need a Bitcoin debit card company that gives a service with really low fees.
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Did Bittrex renamed Byteball?
The name is now only Bytes. I could swaer it was Byteball luntil recently. The name Byteball isn't even mentioned anywhere.
Did something happend?
Interesting... That's probably because of something we have been discussing months ago. I think it's important for people to know that byte is the real name of the currency being traded right now, whereas Byteball is the name of the entire platform. As explained by @kaicrypzen in the speculation thread: How many Bytes equal to one Byteball I'm so confused as to how to count this coin. And blackbytes? how do they work and are they the same currency as byteball? Thanks, guys!
There is no such thing as one Byteball ... Byteball refers to the whole technologie/DAG/app/software. Byteball comes with two built-in assets/currencies, bytes and blackbytes. What you can find traded on exchanges is GBYTE which is GigaByte which is 1 000 000 000 byte. Blackbyte is a private untraceable asset. Thanks btw. They renamed on my request because people keep calling the currency byteball. To reiterate: Byteball is the platform, Byte (and derived names Gigabyte, Megabyte, etc) is the main currency. That's a good move. I hope more exchanges do the same. |
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I have seen the list of ICOs banned in China. I never heard of any of them... I think the big movement of governments against ICOs is yet to be seen.
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Did Bittrex renamed Byteball?
The name is now only Bytes. I could swaer it was Byteball luntil recently. The name Byteball isn't even mentioned anywhere.
Did something happend?
Interesting... That's probably because of something we have been discussing months ago. I think it's important for people to know that byte is the real name of the currency being traded right now, whereas Byteball is the name of the entire platform. As explained by @kaicrypzen in the speculation thread: How many Bytes equal to one Byteball I'm so confused as to how to count this coin. And blackbytes? how do they work and are they the same currency as byteball? Thanks, guys!
There is no such thing as one Byteball ... Byteball refers to the whole technologie/DAG/app/software. Byteball comes with two built-in assets/currencies, bytes and blackbytes. What you can find traded on exchanges is GBYTE which is GigaByte which is 1 000 000 000 byte. Blackbyte is a private untraceable asset. Thanks btw. |
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Giving money to a group of people before they have a working product does not make things better, and definitely does not make it better than conventional methods of investing in a company or product.
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It depends on the reason you are selling. If you're selling to invest in a more profitable asset, it's actually the opposite... The difficult task is to find something better to invest.
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If it were so bad there would not be so much trading volume on the market. But I also think holding is better.
Also, statistically, holders have much better results than most traders in terms of earnings, as long as they are holding the right assets.
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as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me
If you start trading with a very small amount, you may not earn a living from it. So, I would recommend first finding a job, accumulate capital, use your free time to learn trading and only start when you have a good level of knowledge about the market. |
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