On the other hand: transaction times are pretty fast and fees are usually pretty low, so it is perfectly usable.
Perfectly usable for what? Is anyone using it for said purpose? Im afraid nobody is using any altcoin for anything that isn't pumping and then dumping it for more bitcoin. Ripple is a total shitcoin, it's pointless if you care about anything that isn't moving money fast from A to B without the underlying details. Any shitcoin can do this. Dogecoin can do this, any of the bitcoin forks can do this, this is not the point and this is not why bitcoin is valuable (only a part, but not everything). So the answer is obvious: speculation. Ripple is pumped by X Y or Z big company = speculation starts and we have these peaks on the price, that is all. |
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Well, less than an hour after I reply, John McAfee's twitter is hacked, sending markets haywire because of bots. Don't look to him for signals anytime soon.
This is what I was starting to believe. I mean this is not anywhere near normal levels of shilling:  If you want to shill altcoins, be more subtle, but this? c'mon, this is insane. This is just funny at this point. I must be a hack, but im sure he did shill some himself and got his 25 BTC. Then he will claim "woops, wasn't me, I got hacked guys" after he got all that BTC. I think this could be his exit scam to 1) End up with the BTC 2) Don't damage his reputation by being an altcoin shiller ("I was hacked guys I promise") |
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No, not McAfee alone, but a combination of several hypers. I actually noticed a lot of noise going on in the forum, mostly by newbie accounts with spammy history, and then I think Verge paid for a lot of press releases, as they came out over a few days on a number of new agencies.
And THEN McAfee came along and talked it up, and in fact a lot of the same news agencies carried that very news. I love anonymous coins of course, I have my own. And maybe Verge can be special, but other than a pump coin for profit? I do not think so, not personally.
So from the replies here, nobody has given any fundamental reasons other than a marketing hypejob. I don't believe in coincidences (well I do, but this is one I would not believe), as in, they probably paid some webpages to get some traffic going, then to trigger a chain reaction, they paid McAfee to make the tweet which made speculators go full FOMO. Other than this... nobody is mentioning technology, nobody is mentioning why XVG improves the life of their users, I see no substance. |
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We see so many fakes in mainstream new, that a fake UFO invasions won't be surprising at all.
Hope that alien chicks are hot... :-)
They're going to need rather a big budget and every special effects technician on the planet to pull it off. I'll look forward to their effort very much indeed. It's going to be quite the spectacle. Well, some people has claimed that the planes on the September 11 terrorists attacks in the world trade center never were there, they used holograms. This is probably too much for my tolerance to conspiracy theories, I think the planes were real as fuck. Now, the motives behind the attacks, the whole inside job conspiracy, I can't simply say it's all bullshit, there are many things that don't fit. In any case, I was just talking about manipulation through news, not actually using spaceships all over NY or something. The whole point would be to have an excuse to try make moves at a global scale, since it would be a global issue. Similarly, climate change is a global subject, but as we can see, governments don't agree on how to proceed about it, others questions if it's even real, therefore I conclude governments can't really ever agree on anything at a global scale. |
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That isn't gonna work. The main advantage of crypto is that it's track record is immutable and doesn't need a tangible asset to back it up. If you go back to gold... it's pretty pointless. You are still hoping that your crypto is backed by someone else holding whatever amount of gold somewhere... it's nonsense.
I don't see many "next big things". Well we have one every so often, but none of them with the strong fundamentals a real gamechanger would have. As of right now I can't really say im looking forward to any exciting new project except iamnotback's project hopefully somewhere in 2018 we'll see something.
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I was looking for some altcoins to use as an example of altcoin that actually goes up against BTC, and not only against USD (while depreciating your BTC long position if you had any, see my thread here: https://bitcointalk.org/index.php?topic=2641352.msg26890562#msg26890562) Someone told me about Verge, which had an impressive pump against BTC:  Sure, now it's crashing a bit, but cmon, this is insane, this coin was flaaaaaat for ages, and all of a sudden, McAfee tweets it and creates a multi billion dollar marketcap increase? Does this guy's endorsed tweets have that much power to pump a coin, or is there any fundamentals that are interesting enough in Verge that made people invest as they found out about the coin? These volume increases are not even half normal. On Dec 11, Verge was a $100 million project, on Dec 24, it peaked at near $3.5 billion.... what do we have here? |
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Mr. John McAfee was tweeting about altcoins daily as "coin of the day". Then many people start to criticize him that he is pumping dumping the market artificially and It is not good.
So this is his today Tweeting what he published short while ago.
John McAfee
@officialmcafee
44m44 minutes ago
Due to heavy pressure from crypto adherents, exchanges, developers and every other corner of the earth (and God himself chastised me in my dreams last night), the "Coin of the day" will become "Coin of the week" starting immediately. You can look for it every Monday morning.
So he will go from making 25 BTC a day to making 25 BTC a week. Honestly this guy is a fucking joke. I hate how he just became a meme and he exploits his twitter fame to promote all these useless shitcoins, as noobs lose their hard earned BTC trying to profit from the latest McAfee pump, thinking his endorsement is legit. Hopefully people learn the lesson as they see the obvious short lived pump and dumps. Anyone can confirm if Verge had a massive pump becaose of McAfee? |
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Some people are saying that just because the price pattern is similar to that in the past (2013), where there was a large rise and a crypto winter following, that a similar thing must happen now.
Basically, they are very certain that the price of BTC will hit some highs (maybe 40k, let's say, or even 19k?), and then plummet to the ground (like 2k or 4k or something).
On what basis other than "Deja Vu" from TA can they make this prediction with any certainty?
What about the fact that nowadays BTC circulation is very different than in 2013?
Things are not like in 2013. In 2013 there was only one exchange, the entire market depended on MtGox's performance, which was absolutely fucking insane. Of course the shithole crashed and then so did the price. Most people didn't even understood that a centralized market crashing/getting hacked is irrelevant to Bitcoin itself working properly. Nowadays, the market is infinite times more liquid, we have a ton of exchanges, and there is a more widespread culture of how if damn exchange gets hacked doesn't mean Bitcoin got hacked (even if a lot of people STILL don't understand this basic fact). So no, fundamentals are not like in 2013, and I don't see why we would crash another 90% as we did back then. This dip was nothing but a peanut. Everyday Bitcoin stays above $10000, the harder it will be to go below it. |
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And how can the US government create a fake alien invasion?
Dressing up some CIA agents like little green aliens and showing them to the public?
This is the most stupid conspiracy theory i`ve ever seen.
By the way,a real alien invasion would probably damage the economy,because the people will refuse to work and try to plunger the shops in order to gain more supplies.
Well it's pretty easy actually, if you control the media that is. So what do you do? get a ton of news on mainstream media (like CNN) to report on these news showing the so called evidence... and that's about it, you will trigger a lot of people into believing the aliens are here. Maybe even pull some inside jobs using fancy drones as UFOs. What's not so easy is tricking people outside of your plot... ie, if Russia is not in, then they will call out and they will demand more proof.. honestly it's a clusterfuck. Im just thinking of how governments could agree on something globally, I don't see it being easy in any field. |
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Actually I saw the other day how the japanese Dogecoin (Monacoin) went up against BTC to hit all time highs: https://coinmarketcap.com/currencies/monacoin/It shows any crypto can be used as currency, but only one can be a store of value, and that is bitcoin. Im ok with bitcoin staying as store of value while people use other coins to transact. Some people argue this is non-viable and bitcoin must be both a store of value and a currency to survive in the long or it wont. We'll have to find out as we go. |
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Could the government be planning a fake UFO invasion somewhere in the future to shock the entire world with economic related goals? This may sound dumb to most, but it's an interesting theory to consider. I just recently saw the pentagon footage of some UFO, and saw how CNN gave this coverage: https://www.youtube.com/watch?v=-2b4qSoMnKEApparently the pentagon ran some UFO program. When I saw the footage I thought, "this must be a piece of an asteroid or something" but there's no fucking way since the thing it's rotating by itself. See raw footage here: https://www.youtube.com/watch?v=TIciPSOWn_ASo what are we looking at here? is this legit, or fake and they will use it with globalist goals? because a global alien invasion sounds like a perfect tool to pass some global level stuff. Then again, the governments cannot even agree on climate change. I have never seen all governments in the world agreeing about something ever. Anyway, I just find this interesting from a game theory perspective, what the impact of "aliens disclosure" would be. |
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r0ach you are a broken record. Gold is absolutely useless when it comes to sovereign money or any concept of freedom at all. Need to cross a border with your gold? good luck with that. Need to make financial transactions of any relevance? (beyond your local community) good luck with that.
If crypto cannot deliver in it's promise to store and move wealth from A to B permissionless and borderless (and Bitcoin is delivering so far... when was the last time you saw a transaction got censured, or someone got caught with BTC trying to cross a border?) then we are fucked, simple as that. When you see a Bitcoin transaction that's going to a certain person getting censured by a certain government or 3 letter agency, or when you see people not be able to cross borders carrying Bitcoin, then you can say Bitcoin is done for. In any case, gold isn't going to cut it.
Gold is very effective at transporting value for the masses of the population. Its an extremely compact form of value and can be combined with various metals if need be. You are telling me someone cant just put their gold into a candlestick or something innocous and transport or send it without much problem. Obviously crypto is much more transactional and quicker and in theory it should be lower spread due to be processed by machines, at present its failing in that value component so no instrument is perfectly obviously. Gold will and is used universally pretty much and I dont doubt this will continue alongside any more recent innovations in value and technology. I welcome both. There is the famous tale of the Nobel Prize winner during ww2 who fled the Germans. To keep his prize, he as a chemist disolved the gold into a liquid solution and placed it on a shelf in his lab. After the war he returned and reformed his gold medal back to its original form, its a very adaptable metal and perfectly usable now How is gold compact? Like I said, you could form a local community (like the amish or whatever) and use it as currency, but that is all, you can't do global commerce with gold, it's impossible. Any relevant amounts cannot be moved across borders. You can't expect your amount to be transported smoothly all over the world. You can't call having to trust some people to carry your gold around more decentralized and secure than crypto with straight face.  If you want to move relevant amounts (that's like $10 million) good luck crossing borders carrying that brick. Even $1 million would be impossible. This is not the 1900 anymore, they have scanners, they will see where you hide your gold. Meanwhile bitcoin holders just have to carry a pendrive, or just temporarily host your encrypted wallet online while you take a plane so you don't have to carry anything (chances of anything wrong happening during this limited time are really low). If you don't see the value in this then you have no hope. |
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Oh fucking hell, that's what im talking about. An actual pump where BTC and USD correlate, or even BTC surpassed USD, great volume to unload as well... THAT is a pump. If only we were able to hold the coin that would go x100 against BTC while it's flat... there are too many at this point. What is Verge and why did it pump? any reasonable fundamentals? or John McAfee twitted it or something? I remember this altcoin from a while ago but never paid any attention to it. |
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As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
The government always had a plan, and that was to get rid of physical cash. With digital technology, they would be able to trace and profile everyone. Once physical cash is removed, open source cryptography is the only hope for having any sort of financial freedom. If open source cryptography fails to deliver on this promise, it's game over, you will not be able to escape the Orwellian level control at any degree. Interesting times to live in indeed. We'll see how this develops. |
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r0ach you are a broken record. Gold is absolutely useless when it comes to sovereign money or any concept of freedom at all. Need to cross a border with your gold? good luck with that. Need to make financial transactions of any relevance? (beyond your local community) good luck with that.
If crypto cannot deliver in it's promise to store and move wealth from A to B permissionless and borderless (and Bitcoin is delivering so far... when was the last time you saw a transaction got censured, or someone got caught with BTC trying to cross a border?) then we are fucked, simple as that. When you see a Bitcoin transaction that's going to a certain person getting censured by a certain government or 3 letter agency, or when you see people not be able to cross borders carrying Bitcoin, then you can say Bitcoin is done for. In any case, gold isn't going to cut it.
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This pic right here:  Beware of what you call "gains". On a long enough timeline, if these gains aren't BTC gains, then you aren't making real gains. Gains against USD as we can see, is making gains against a deprecating currency. Most altcoins cannot keep up with BTC. If you get into a trade and end up with less BTC, even if your overall USD went up, you lost money. You need to make BTC gains for it to be a gain.The question now is: what altcoins are keeping up with BTC and delivering BTC gains? recent winners: https://coinmarketcap.com/currencies/iota/https://coinmarketcap.com/currencies/cardano/and surprisingly: https://coinmarketcap.com/currencies/monacoin/Any others? |
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Hashgraph is looking good. A nice scam that's being shilled by big youtubers, once again, selling it as "the solution to bitcoin's problems". It's IOTA on steroids. It's closed source, permissioned (you have to trust the nodes), has a CEO... but has great marketing, and the market is filled with suckers trying to find the bitcoin killer. Here's an entire hour of this nonsense: https://www.youtube.com/watch?v=SF362xxcfdkI may buy in hopes it pulls a IOTA tier pump. |
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Anyone else thinking that IOTA has a long way up to go from where it is now (Bargain price of less than $4 right now)? Seems to have not taken off like the other coins since the dip but gets a hell of a lot of community support because of it's Tangle and pace of development and interest. It reminds me of WAVES which also hasn't pumped despite it fully activating it's WAVESNG platform and having one of the fastest blockchains on the planet.
Wish I had more money to pump into these at the prices they are at.
From what i've heard IOTA is a scam, the tangle thing will just never work or get anywhere notable. That doesn't mean investing in scams cannot be profitable tho. https://coinmarketcap.com/currencies/iota/Honestly this looks like the classic bubble chart  "Return to normal" that is. Of course bitcoin has proven wrong this chart a million times by now, so who knows. I would wait for it to flatten a bit out. |
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Both BTC and BCH compete for the same hashing algorithm (SHA256). It is a war. Roger Ver is going on national TV shilling it, even CNBC is on the pump. It's a good deal to hold some.
On the long term, I don't see how BCH can win. When the huge spam attacks on the BCH network begin (im sure pro-BTC billonaires will plan some of these sooner or later), the blocks are going to get full. 8MB blocks are going to expose why an high treshhold for a blocksize leads to problems. And forget about 8, they want 32MB soon, so they will hardfork again and we'll see some popcorn related action. Now imagine a spam attack on 32MB blocks. Not only the size of the blockchain would be insane but trying to verify all these block-filled transactions would make it a nightmare to download. Have you tried downloading the ETh blockchain? well that's what would happen. They may end up needing to cut the blockchain somehow kind of what the Parity wallet does (and we know how Parity ended)
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This fucktard is obviously delaying as much as possible the "payment" (which will never happen) to keep you posting until as long as possible, ideally suckers posting until December 31. If he had the bitcoin, he would sign an address that holds that amount of BTC and dissipate all doubts about he holding or not the funds.
C is clearly for Christmas Clusterfuck, these rates looked too good to be true to pay such an high amount of people. Better luck next time.
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