gentlemanland your assumption that everyone who saw and started dabbling in crypto 3 years ago is now rich is really fucking flawed. But, if you are reading this and haven't jumped in it's not too late.
What? What the hell have they been up to? I assume more than a few who started dabbling 3-4 years ago gave up in despair during the great trough. And people who got in after them are actually considerably further ahead in terms of buy in. The current golden children would be anyone who loaded up in 2015 - 50c ETH, 25c XMR, $250 BTC. They cut out all the shit and went direct to an endless orgasm. |
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'Cause you are looking at her face.
I have considered your observation. Nope. Still don't get it.  |
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I assume this market is still being affected by coins being off exchanges due to the fork, which turned out to be a terrible decision for anyone who did it completely. I do hope it doesn't overshoot outrageously. Anyway I still don't get Salma Hayek and it's clear I never will. Let's have Cliff Richard instead. Just as incomprehensible but far more wholesome.  |
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Buy OMG if you can, NEO has no future.
Take those pert burns and youthful enthusiasm elsewhere. This thread is for people in their rocking chair by the fire with their dog wrapped around their ankles. And their prostate in a glass on the table. |
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It seems that now that BTC-E stopped dumping laundered coins and lagging price all the exchanges are very well in sync. Bullish.
Can someone please post some quality FUD so that we don't get carried away by too much euphoria? This can't be good. Thanks in advance.
The situation is quite dramatic but most of the noob traders think everything will be alright and the price will go up indefinitely. Everything in this world comes to an end, including the upward price of bitcoin. Especially, when bitcoin will cease to exist in its original form. I don't see how all exchanges will label segwit 2x HF bitcoin as BTC or just 'bitcoin' provided that core nodes exist and some pools are mining the non forked bitcoin (even a POW change is quite possible at some point). I don't see either how all exchanges will label the legacy (non forked) bitcoin as BTC if the majority of the hashpower is on 2x HF and they got the longest chain. The situation is a stalemate which will put an end of the bitcoin era. The 3 new bitcoins will be just altcoins which are not the real bitcoin, so their price will remain low and subject to a lot of pump and dumps in 100-300$ interval.
Jolly good. It's nice to see prompt service on this thread. |
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Not sure if I fit in the category of old hands (bought my first coins between $20-$25 back in early 2013),
As admitting to that buy in level would make most here cream their knickers, that certainly makes you venerable in my book at least. |
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I dont believe bitcoin will persist. there are actually better options at this point, bitcoin simply has the most trust.
Trust is all it needs to stay ahead. Sod technical merits. That counts for nothing without trust. That trust was earned by years of relentless battering. What appear to be technical merits with alts may well turn to disaster if they were tested in the same way Bitcoin has. That's why all this fork and split stuff is so dicey. If the trust is thrown away there's not much left. But yes, these prices feel rather hard to justify. |
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Now that every single person here is quite stunningly rich, at least for tonight, has your level of engagement with crypto land plateaued a little or are you as turned on as ever?
Are you increasing your portfolios with wonderful shitcoins, staying put completely, selling like mad or too busy with ladyboys wiping their posteriors on your faces?
Speaking for myself the prices are now so far beyond where I began and there are now so many projects that I'm just sitting there and observing more than anything. The social science side of it is more interesting than ever, but the market bit feels a tad surreal now.
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So you think NEM is worth 63 billion in market cap in near future? I know whole market cap should be huge in 2020, but I think it's kinda too high...
Do you really think it's 'worth' nearly 3 billion now? There's probably only a few thousand users, barely any projects on it and many blocks are still empty. If it starts to deliver and gets swept up in a dotcom-esque bubble a valuation like that is conceivable. Certainly not sustainable, but possible. |
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These days that's a $15 investment. Hardly bank breaking.
Regardless of that I thought they were moving away from SMS type verification. Perhaps this is just for registration, if it isn't that's not good security practice.
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Decentralized until certain point. If someone has too many Bitcoins this one can control the market influencing the price, it's a kind of centralization. In a decentralized world only those who deserve becomes rich and powerful, but when they achieve it they can control others very well if they wish.
Someone owning a vast amount of coins isn't centralised. They bought them freely off people who sold them freely. If people were prevented from buying or selling as many as they wanted it would become more... centralised as some authority figure would be dictating that. I think we would probably end up going batty attempting to define decentralisation in the context of everything. |
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It's decentralized because no central controller is sitting there waiting to change something for their own benefit. How many people in the world do you honestly think could be (useful/successful) bitcoin devs?
Erm, does that not mean that Bitcoin development is therefore extremely centralised? |
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just read that after i signed in. Im wondering how much of trading volume was coming from us clients. I hope trading stays liquid there and enough margin funding available.
looks like it will be hard for us citizens to get ico shitcoins anywhere soon.
https://www.reddit.com/r/BitcoinMarkets/comments/6syr7u/daily_discussion_friday_august_11_2017/dlhi5mg/US business is single digits according to this. I wonder if the US will ever wake up to how much growth they're stunting by turning their citizens into untouchables overseas. |
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Bitcoin is certainly distributed well enough. As for whether it's decentralised, in its present form I would say it isn't but there is the capacity to get it back if flagrant abuses were becoming more brazen.
It's something that's never been properly put to the test. Perhaps it needs to be.
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Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.
So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.
There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power. |
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You're late to the party, baby. Segwit is too far gone to scare the hugely influential google translate zombies who frequent this forum into preventing it now.
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What about decentralized exchanges?
I mean the ones that are built in, i.e. exist in the blockchain itself? As far as I know, no major altcoin (not speaking of Bitcoin) has this functionality so far (BitShares cuts it pretty close to being one such exchange). But given the recent events (and events that are yet to follow), there might be a strong push toward such exchanges. Indeed, we would still need fiat gateways anyway, but it seems people nowadays rarely need to withdraw fiat, so this doesn't look like a primary concern here. what is your stance on the matter?
I've already said it elsewhere in this thread. We need two types of exchanges, properly regulated ones for people who are fond of their order books or fully decentralised. Centralised, unregulated and unaccountable has been the norm so far and it's been a very consistent disaster. |
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You're asking for a total revamp of the system, not going to happen too soon
Gemini, Itbit, Bitstamp, GDAX, Kraken, Coinfloor and perhaps a few others. Kraken is broken but unhacked. Bitstamp was hacked but users weren't affected. GDAX is a weird flaky place but has never been hacked and is backed by extremely deep pockets. The Japanese exchanges are now rigourously regulated and backed by proper finance heavyweights. I think it's only a matter of time before the alt only places have to shape up or ship out. It's also likely that the above list will add more alts as time goes by too. Once more of them have margin trading the volume will move towards them too. The revamp is happening, albeit slowly. |
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Stuff like this, just makes me mad, and this will definitely give Bitcoin a bad reputation and will only further discourage new people to use Bitcoin. This is one of the reasons why Bitcoin will never become mainstream. These exchanges could always go corrupt and they could easily just manipulate the prices of bitcoin, causing them to lose a whole lot of money
Exchanges with track records like Bitfinex aren't going to be around for much longer IMO. They'll either be raided and shut down, lose any semblance of banking no matter how many corners they try to cut or lies they tell, be bought out by someone who can be arsed to make it fully legit or abandoned by their users when better options come along. When it comes to fiat exchanges, not that it really is one any more, it's pretty much the last of its kind now. We will all be better off when it's gone. |
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I was under the impression that bidding was fierce for the first one, something like 40-50 entities registered, then it tailed off for the latter ones. The price was never released but that one at least must've approached the market price.
Holy moly. That's a lot of dust. I would've been tempted to try my own personal spam attack emptying it when the mempool was a ghost town recently.
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