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For consistency;
For the adults:
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth over $300 billion USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
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Why does Trustless and Decentralized work? How is such a thing Secure?
What is good about being Trustless?
Why does that help Decentralization?
How does this make anything Secure?
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From Bittrex Twitter:
We've upgraded the servers again. We exceeded the previous cap of 500k concurrent users. Sorry for the inconvenience.
Edit: If Bittrex has 500k concurrent users (noting many of those will be bots), how many humans are there and what proportion of the crypto market is Bittrex?
I’ll take a stab in the dark and say 50:1 users to concurrent users. So 25 million account holders. If we assume Bittrex has 10% of the global crypto market that gives us 250 million owners of crypto globally. Based on a global population of 7.6 billion we are at 3.2% of the global population holding “some” crypto.
No, I'd say we are closer to 1% of global population use. But that number in itself is huge. We hit 1% in 10 years, and I think within 3 years we will be almost 3%! That's alot more people pouring in soon. As the max global population I'd foresee actively using Bitcoin in our lifetimes may be about 6% to 7%. Once Bitcoin hits 5%, it is effectively mainstream and at that point already taken over traditional financial structures. This will happen within 5, maybe 6 years maximum. |
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Yes,forked coins spoil the reputation of bitcoin.It was started by roger ver who was nonce termed as bitcoin jesus and now became a bitcoin antichrist.People are now well aware that these forked coins could not replace bitcoin.
Well you are correct in identifying Roger Ver as the anti-christ of Bitcoin, but his efforts to destroy bitcoin have been futile - a big failure. But from your statement "forked coins spoil the reputation of Bitcoin": The opposite of what you state is true. The forks reveal themselves worthless, especially BCH. The price demonstrates more worth and value-store over time. Altcoins, like BCH and other scamcoins are more susceptible to hacks. Bitcoin's code has been unbreakable and running for 9 years. Bitcoin has more long-term hashing power, Bitcoin has more geographic distribution of miners, Bitcoin has the real & global code developers contributing their time, Bitcoin has more true independent nodes in diverse geographies, and Bitcoin's largest coin holders are more diverse over-time instead of concentrated altcoins. |
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I expect January 2018 to be the beginning of a bear market. Nothing lasts forever, whatever goes up must come down. Even bitcoin isn't immune to these natural laws. It's just a matter of time.
Trend reversal confirmed. Watchout below. [EDIT: Updated chart below thru to early December ( BTC performance now +1700%):  It doesn't matter - Indonesians will still buy, hold and sell.  I'm rooting for Bitcoin Gold! Also mining it.
[SNIP]
...
Thus I predict a hard fall in relative terms for BCH
...
UPDATE: [SNIP] ...  as noted above 'combination' = BTG + litecoin + monero + vertcoin + groestlcoin predicted to be become 5x BCH's market value Predicting Bitcoin Cash (BCH) will be the worst and will fall in relative terms while everything else grows. Right now is your last chance to get out. Otherwise it will be too late. |
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Seriously we had Bitcoin Cash, Bitcoin Gold, though some argue that one's a scam, and now Bitcoin Diamond all within a 6 month time period? In 5 years how many forks will there be? They should never have forked the coin at all, not even once. They should have created another coin with a different name from scratch. Forking constantly makes the whole thing seem like a big scam from an outsider's perspective.
Forking will lead to another coin eventually taking bitcoin's place in my opinion, though hopefully people don't see that hey, anyone can create any coin they want at any time, so why should I buy this particular coin? There's 15 bitcoin forks here in 2019... what the hell is going on? I like that I can store money without having to worry about unconstitutional civil asset forfeiture, but it seems like the way things are going the blatant greed is showing through. Just another way for people to create a coin they can dump and make their millions, which is fine.. I like making money too, I just hope this short term focus on gain doesn't harm people's perception of bitcoin as a whole. In any case as long as the money is there, people should flock in. 500 billion dollars from a global economic perspective is still peanuts. We could have 2 trillion in combined market cap and it's still peanuts to the global economy.
Just simply read: i also believe forks will Destroy bitcoin in future especially BCH .
but price will destroy bitcoin more than hacks
The opposite of what you state is true. The forks reveal themselves worthless, especially BCH. The price demonstrates more worth over time. Altcoins, like BCH and other scamcoins are more susceptible to hacks. Bitcoin's code has been unbreakable and running for 9 years. and... The reputation of bitcoin is getting destroyed slowly because of the forks that has been launching for bitcoin and it seems that it doesn't affect the performance at all because i believe that the reason for having forks are to improve the quality of the coin and to make major improvements that everyone would feel after the launch of fork but right now it is just like making forks that will completely just for money and not improvements.
And ridiculous hardfok that are happening with the coin, first with that haunt that calls BBCHASH, Bitcoin Diamond that already is more than 50 dollars and now for December we have three more the called "Super Bitcoin" should leave in the block 498.888 around 15 of December, while Bitcoin Platinum and even more bizarre Bitcoin Cash Plus are expected to take place December 23 and 31, respectively. Man, this is putting an end to the currency's reputation, I do not know how the community accepts that.
Simple: with each derivative fork the new altcoin makes itself much weaker in ALL of these ways:-less hashing power than the real Bitcoin network. Thus new scamcoin will be less secure.
-less open, global development of protocol codebase than real Bitcoin. Thus new scamcoin slow to innovate and be more vulnerable.
-less (true) independent full nodes on the network than real Bitcoin. New scamcoin more susceptible to attacks on protocol and hijacking.
-more concentration of coins to fewer individuals than the real Bitcoin network. Thus new scamcoin becomes more unfair with time.
-more geographic concentration of mining than the real Bitcoin network. Thus the new scamcoin will have more points of failure.
-more hardforks demonstrate all these points moreso with each iteration to global public. Thus new scamcoins lose value vs Bitcoin every year.
-is just another altcoinThe world is seeing the obvious; |
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i also believe forks will Destroy bitcoin in future especially BCH .
but price will destroy bitcoin more than hacks
The opposite of what you state is true. The forks reveal themselves worthless, especially BCH. The price demonstrates more worth over time. Altcoins, like BCH and other scamcoins are more susceptible to hacks. Bitcoin's code has been unbreakable and running for 9 years. |
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Better to buy bitcoin because price increasing fast and will earn a lot
for long term house better
Invest and save with a 3 to 5-year time horizon at the minimum. |
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Never this is why goods today cost more than goods in the 70s if production never changed.
You are right! Wasn't it supposed to be that savings actually mean something? Why can't we save one US dollar, and hold onto that one US dollar until its worth enough to buy a car? For some reason, these fiat currencies just aren't working for savings mindset. The more you hold onto fiat currencies (cash only), the less wealth you have over time. Bitcoin finally breaks the broken fiat currency system and fixes the problem of savings. You can acquire bitcoin, hold onto it until it is worth enough to buy something valuable you need. |
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Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!
Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure. Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket. You could not have said it any better.  In my family and extended family some people think they are rich when they drive fancy new cars and live in big houses. <All of that bought with debt> ^grrrrrrr^ Last Xmas I spoiled their party and I told them to compare their Net value to that of a homeless man with $10 in their pocket and the reality hit them very hard. <They look with new eyes to homeless people now> ^smile^ Debt works okay if the assets you acquire with that debt exceeds the value of the debt and you have all funds to make payments required. But what happens if the asset you purchased with debt goes down in value instead?? |
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The reputation of bitcoin is getting destroyed slowly because of the forks that has been launching for bitcoin and it seems that it doesn't affect the performance at all because i believe that the reason for having forks are to improve the quality of the coin and to make major improvements that everyone would feel after the launch of fork but right now it is just like making forks that will completely just for money and not improvements.
And ridiculous hardfok that are happening with the coin, first with that haunt that calls BBCHASH, Bitcoin Diamond that already is more than 50 dollars and now for December we have three more the called "Super Bitcoin" should leave in the block 498.888 around 15 of December, while Bitcoin Platinum and even more bizarre Bitcoin Cash Plus are expected to take place December 23 and 31, respectively. Man, this is putting an end to the currency's reputation, I do not know how the community accepts that.
Simple: with each derivative fork the new altcoin makes itself much weaker in ALL of these ways:-less hashing power than the real Bitcoin network. Thus new scamcoin will be less secure.
-less open, global development of protocol codebase than real Bitcoin. Thus new scamcoin slow to innovate and be more vulnerable.
-less (true) independent full nodes on the network than real Bitcoin. New scamcoin more susceptible to attacks on protocol and hijacking.
-more concentration of coins to fewer individuals than the real Bitcoin network. Thus new scamcoin becomes more unfair with time.
-more geographic concentration of mining than the real Bitcoin network. Thus the new scamcoin will have more points of failure.
-more hardforks demonstrate all these points moreso with each iteration to global public. Thus new scamcoins lose value vs Bitcoin every year.
-is just another altcoin |
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we shoudl buy bitcoin only and the next is a low marketcap alt that is solid and future proof like supply chain
Well there's a wise investment adage - do not put all your eggs in one basket. I think this should be applied for ownership across all asset classes, thus should buy ALL of the above...but perhaps have a higher allocation towards bitcoin to take advantage of the return. |
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Banks will not voluntarily stop or reduce the number and volume of lending. This is one of the significant sources of their income and it is for this purpose that they are created. The loan in the ordinary money supply will decrease as people less and less will apply to them for loans using the facilities of the crypto currency. As elsewhere in the market, the supply-demand ratio will play here. The decrease in loans issued by banks will occur gradually, since people will still need loans in ordinary money for a considerable time.
What if they lend more than actual wages that would-be paid in future? for example: if loan exceeds > ability to pay? |
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'Bitcoin Jesus' is 'really, really concerned' about the future of the digital currency
Nicknamed "Bitcoin Jesus," Ver was an early proponent of bitcoin and bought $25,000 worth in 2011 that is now worth $425 million. However, in the debate over how to improve bitcoin's transaction speeds and costs this summer, Ver sided with a minority of developers behind an offshoot called "bitcoin cash."
"The fact of the matter is, the utility of bitcoin has been damaged," Ver said. "If you feel like you missed out on bitcoin back in 2011, take a look at bitcoin cash, give it a use. I think you'll be really, really impressed with the usefulness."
Roger Ver is the opposite of Bitcoin's Jesus. Roger Ver = anti-christ of BitcoinDo your research. He's 100% bent on taking bitcoin down via spam attacks and forks and only supports his baby altcoin "Bitcoin Cash" which he is trying to save from centralized points of failure aka store of value failure. |
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I'm rooting for Bitcoin Gold! Also mining it.
[SNIP]
Any "Bitcoin Gold"-like offshoot of Bitcoin that is GPU mineable, leverages Bitcoin's blockchain and user wallets, keeps scarce supply, open-source, and small blocks, I am all for.
In the longterm, I see no reason why this altcoin wouldn't be worth more than 1.5x price of altcoin "Bitcoin Cash".
In fact, I wouldn't see why the combination of coins of ["Bitcoin Gold", Litecoin, Monero, Vertcoin, Groestlcoin] wouldn't be worth more than 5x of altcoin "Bitcoin Cash"
Today in market cap terms; we have
altcoin Bitcoin Cash $21B
altcoin Bitcoin Gold ~$2.5B
litecoin 3.3b
monero 1.9b
vertcoin 0.2b
groestlcoin 0.04b
I predict longterm 1BTG=1.5"Bitcoin cash"; currently 1BTG = 0.12
I predict longterm [the combination]=5"Bitcoin Cash", currently [combination] = 0.38
Thus I predict a hard fall in relative terms for BCH
For the time-being, I'm mining Bitcoin Gold.
And I am holding onto both my Bitcoin Gold, as well as my real Bitcoin.
Go Bitcoin Gold!
[for reference, today, real bitcoin sits at $110B]
UPDATE: Today in market cap terms; we have altcoin Bitcoin Cash (previous 11/14/2017: $21B -> now $23.4B altcoin Bitcoin Gold (previous 11/14/2017: ~$2.5B-> now $5.1B litecoin (previous 11/14/2017: 3.3b-> now $4.8B monero (previous 11/14/2017: 1.9b-> now $2.8B vertcoin (previous 11/14/2017: 0.2b-> now $0.2B groestlcoin (previous 11/14/2017: 0.04b-> now $0.04B I predict longterm 1BTG= 1.5"Bitcoin cash"; previously 1BTG = 0.12-> now 0.21I predict longterm [the combination]= 5.0"Bitcoin Cash", previously [combination] = 0.38 -> now 0.55Thus I predict a hard fall in relative terms for BCH [for reference, real bitcoin previously at $110B-> now $171B] as noted above 'combination' = BTG + litecoin + monero + vertcoin + groestlcoin predicted to be become 5x BCH's market value Predicting Bitcoin Cash (BCH) will be the worst and will fall in relative terms while everything else grows. |
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It doesn't matter - Indonesians will still buy, hold and sell. |
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I'm rooting for Bitcoin Gold! Also mining it.
[SNIP]
Any "Bitcoin Gold"-like offshoot of Bitcoin that is GPU mineable, leverages Bitcoin's blockchain and user wallets, keeps scarce supply, open-source, and small blocks, I am all for.
In the longterm, I see no reason why this altcoin wouldn't be worth more than 1.5x price of altcoin "Bitcoin Cash".
In fact, I wouldn't see why the combination of coins of ["Bitcoin Gold", Litecoin, Monero, Vertcoin, Groestlcoin] wouldn't be worth more than 5x of altcoin "Bitcoin Cash"
Today in market cap terms; we have
altcoin Bitcoin Cash $21B
altcoin Bitcoin Gold ~$2.5B
litecoin 3.3b
monero 1.9b
vertcoin 0.2b
groestlcoin 0.04b
I predict longterm 1BTG=1.5"Bitcoin cash"; currently 1BTG = 0.12
I predict longterm [the combination]=5"Bitcoin Cash", currently [combination] = 0.38
Thus I predict a hard fall in relative terms for BCH
For the time-being, I'm mining Bitcoin Gold.
And I am holding onto both my Bitcoin Gold, as well as my real Bitcoin.
Go Bitcoin Gold!
[for reference, today, real bitcoin sits at $110B]
UPDATE: Today in market cap terms; we have altcoin Bitcoin Cash (previous 11/14/2017: $21B -> now $23.4B altcoin Bitcoin Gold (previous 11/14/2017: ~$2.5B-> now $5.1B litecoin (previous 11/14/2017: 3.3b-> now $4.8B monero (previous 11/14/2017: 1.9b-> now $2.8B vertcoin (previous 11/14/2017: 0.2b-> now $0.2B groestlcoin (previous 11/14/2017: 0.04b-> now $0.04B I predict longterm 1BTG= 1.5"Bitcoin cash"; previously 1BTG = 0.12-> now 0.21I predict longterm [the combination]= 5.0"Bitcoin Cash", previously [combination] = 0.38 -> now 0.55Thus I predict a hard fall in relative terms for BCH [for reference, real bitcoin previously at $110B-> now $171B] Maybe i'll update this monthly |
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[EDIT: Updated chart below thru to early December ( BTC performance now +1700%): |
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i also believe forks will Destroy bitcoin in future especially BCH .
but price will destroy bitcoin more than hacks
BCH is no threat to bitcoin as it has multiple centralized points of failure [central development team that can make coin worthless if they go away, AND also more centralized mining AND has more centralized protocol with larger block-size which requires more capital investment to mine (only the richer)] - easy to point out scamcoin. Bitcoin is the king of store of value asset that can be easily moved across borders without any intermediary/3rd party that unlike gold, stocks, bonds, real estate, is largely free from any central bank led price manipulation. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If its development wasn't decentralized around the world, there would be no value If there was central "leaders" or foundation for the coin, there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. |
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