this is just another altcoin rising thanks to bitcoin price stability that is going on right now. as long as bitcoin price stays between $7900-$8200 these altcoins will continue to get pumped and dumped because the money is going to altcoins for the time being. but be careful as the bitcoin price steps out of this stability phase things may not look pretty anymore for altcoins.
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from today to million years after Dogecoin will remain the same Joke Coin and nothing more than that. because of this it will never go anywhere. and jokes have a short time of being funny before they start becoming boring and repetitive. this is the logical part of the dogecoin future. but as the technical part, Dogecoin has unlimited supply and because of that its price should decline constantly in the long run.
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people who are visiting websites like pornhub are doing it because they don't want to pay anything. any partnership of them with some altcoin is pointless in this sense and as we can see from the market, it only caused a short lived FOMO pump and dump for the coin!
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what you read about bitcoin or any other altcoin is their rules. so when the bitcoin wiki says you can't spend genesis block reward it means you can't spend it "in bitcoin".
but when you create a fork, you are basically adding/removing/changing rules. the same way you can change the rules that make the block size bigger or smaller or faster, you can also change the rules and make that particular reward spendable. there really isn't any difference between genesis block and any other block when it comes to their reward. for instance bitcoin's genesis block reward was 50BTC sent to this address: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa so you can have the private key of that address and also you can remove the part in the code which rejects the transaction spending this reward.
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Not particularly excited about this news. This @bitcoin twitter handle doesn't promote bitcoin, instead it promotes a shitcoin like BCH. However, it's a free world and anyone can promote anything. But this act of twitter doesn't do any impact to the original bitcoin.
you are wrong because this twitter account is not just promoting an altcoin it is confusing newbies and it is spreading false information. in fact if you look at its tweets you can see most of them are either attacking bitcoin or they are saying bitcoin cash is the real bitcoin!
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What is being taught in that law that a muslim should not engage is gambling. Bitcoin is a currency and at the same time it is like a commodity like gold and thus it cannot be considered gambling.
why would you even say that? i mean it is so irrelevant here. bitcoin is obviously a currency and even if some groups don't see it as a currency they will see it as some sort of investment (a commodity for instance) but i do not believe there is anyone in the whole world who even thinks bitcoin is gambling!!!
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What do you think the market expects for the next three months? Do we expect the prices for altcoyns to increase? Very worried about the protracted dump ...
In advance I thank for answers.
you should always be worried about dumps when you are investing in altcoins because that is the part and parcel of them. you can not have a pump without a dump! at this point i honestly don't consider these altcoin prices to be the "bottom" so i would expect more dumps but you will never know. as for your main question, in the next 3 months we will get closer to summer and by then we usually see a more active altcoin market. some even claim it is because school kids come back to the market! in any case we might see some pumps then.
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in other scenario I dont see a good sign that xrp can go back to $3 thats why Im choosing bitcoin compare to xrp.
i am with you on this, i don't see any reason for XRP to get any pumps this soon but you have a small mistake in your statement and that is the bold part which i just want to clarify so that there is no confusion: the $3 was the bubble price not the real price of it. if anything XRP should go back to 1000 satoshi price which it really deserves.
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if by "legitimate" you mean something that the government approves then you are wrong this is not the bitcoin goal either. Why would anyone assume "legitimate" means "government-approved"? Legitimacy is not a legal concept. well English is my second lagnuage and according to Cambridge dictionary "Legitimate" means "allowed by law", and who sets the law but the government? if you meant something else then i am all ears. there is a simple explanation for it, people don't care about altcoins! We heard the same about Bitcoin... we hear a lot of things about bitcoin...
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there are countries (like US for example) who don't recognize bitcoin as a currency but that doesn't mean they are against it. they can still consider bitcoin as a commodity hence the second statement is true. in case of Chine things are always behind a cloud somehow. partly because of the bullshit media that spreads lots of false clickbait which they call news but also be cause Chinese have always been weird when it comes to bitcoin!
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022),
this is not the "price goal", it was one of the many speculation of what the price may be by then. but the goal that it would be a legitimate alternative to inflationary government fiat currencies.
if by "legitimate" you mean something that the government approves then you are wrong this is not the bitcoin goal either. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles;
there is a simple explanation for it, people don't care about altcoins!
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Is now the Right Time to Invest in Bitcoin, Ethereum, or Should I Stay Away?
it is best for YOU to stay away because in my opinion someone who has to ask others for a completely random investment advice is not capable of making a successful investment. it is never about what to buy, specially when one of your options is a pump and dumping altcoin. it is mostly about what to do after you bought, for example when you see ETH price pumping or getting ready to pump that is the only time you should buy it then you should keep a lookout for the pump to slow down so that you can dump it as fast before they dump on you.
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we all know that bitcoin has a lot of potential and being without competition means all the money will go into bitcoin eventually even if it travels into altcoin market to be doubled before coming out.
with the adoption, also with looking at price charts and the way bitcoin has been shooting up thanks to waves of investors coming in, it is reasonable to believe price will be above $100,000 in a little more than a year from now and $250k in 4 years is the safest assumption of all.
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centralized companies have always wanted more centralization and cherished it as long as the world. for example banks are against bitcoin because it is decentralized but they love Ripple because it is centralized. that is why Ripple guys are rooting for tightening and restrictions otherwise we are all about regulations not restrictions.
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bitcoin is not about competing with other currencies so it is not going to become number 1, 2, etc. bitcoin is just a new form of currency here to offer different options. the options that people wanted for years and because of that it will continue to grow but it is not about competing or replacing anything.
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you are talking about two of the most centralized and also most manipulated coins on the market! it is impossible to tell, maybe the two centralized entities start a fight together (although i have a feeling that they share members) and competition pumps both of them in a race against the market and we see another two big bubbles in both at the same time!
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whenever i see a lot of topics about an altcoin that acts like a signal for selling that altcoin if i hold any because whenever the pumps are done and price is dumping or getting ready to dump there is always a lot of talk about that altcoin from bag holders.
looking at its charts, it doesn't look to have any fuel in its pumping tank. at times like this the best option is to sell. there are rare occasions when a pump comes for coins like this but because of a very low chance it is not worth holding on to it for that little chance. besides you can always buy back if the pump did come!
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the only reason why people invest in ICOs is because they want to make profit, usually they want a big profit. well... that profit can be gained by trading altcoins (investing in altcoins short term). and this profit is gained so much easier with a lot less risk than ICOs and it is a lot easier to do things like "Stop Loss" when you are trading but you can not do anything when your money is locked in an ICO which you may not even be able to dump for months until it is listed on a decent exchange!
so no, why would i want to make things harder for myself while increasing the risk?
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Well, if something more breaks out, here bitcoin can already die with the Internet. So let's hope it does not come to this.
"something more" is nuclear winter and that is the only thing that can kill the internet and possibly bitcoin since bitcoin can still be used with radio waves LOL
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ICO is the modern way of begging for money! otherwise none of the ICOs so far that sold coins and raised a lot of money needed that money to create their useless token and do nothing in the end. the good example here is Facebook, a multi million dollar company doesn't need to raise money to release a shitty token but they are seeing the option to get paid a lot of money for doing nothing and they are taking that option.
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