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Has anyone tried doing arbitrage? should be easy to make free money by moving BTC there and selling then rebuying back on the cheaper exchange ad infinitum? whats the problem?
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For Bitcoin to die there would need to be a global agreement of all governments to ban it, this is impossible because governments will never agree to do anything, so it's clear that this is not a real treat.
Therefore, I cannot think of any realistic treats that would kill Bitcoin.
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I remember when BTCJam was a thing. I gave up because all it is is a way for scammers to get free BTC. Nothing happens to them so they just default and run with your precious BTC.
The moral of the story is, never lend, sell, give, anything with your BTC. Just hold it.
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They're making a lot of silly assumptions.
"From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030."
That's one of them. That reminds of the cartoon about infinite husbands based on future projection.
And I don't believe there will ever be a Bitcoin ETF.
400 million users isn't unrealistic at all. facebook has like 2 billion users or so. 400 million users is like 5% of the worlds population. it's not that much honestly. and considering it's most likely going to be a pretty wealthy 5% it would be much more then 5% of the world's total wealth. it can easily be 25% of the world's total wealth in bitcoin. Indeed we don't even need a lot of people, we just need whales moving their wealth into bitcoin, or a % of it. But, I don't see how bitcoin can surpass gold's marketcap in 10 years, sounds crazy to me... |
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The stalemate situation in which bitcoin is will make altcoins like litecoin gain tremendous importance if it gets the updates required such as segwit.
Bitcoin is too robust with its 95% activation threshold, this has a value in itself but as a result you get a coin that is very hard to update.
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I agree with $500,000 prediction being too high, even $100,000 is still to high. Gold is a 5000 year asset, no way Bitcoin will surpass it in 13 years from now, just not possible! Sorry, but it's nonsense.
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Price moves positiively with positive segwit news, doesn't take rocket science to know this. But anyhow, we can't and we must not trust Wang Chun, he changes his opinion on segwit a lot, at any moment he can stop segwit support! I hope this doesn't happen, because price will go down.
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r0ach sees a downtrend because he became a bitcoin hater after getting caught in a bad trade, but I still see an uptrend if we draw other lines. You can draw any lines you want to fit you expectations.
I think uptrend is clear. I dont want to move to USD and tell banks I own BTC so I will hold any dips.
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Would be cool to see $5000+ per coin at 2018, because we are going to need some crazy growth if we want to reach 5 figures in the 2020 decades so we need to start hitting new milestones fast, even if there is a crash after that is not a problem as long as the price corrects above.
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I still see no points for institutions and centralized enclosures trying to profit from the blockchain technology. Why not just use proprietary software and internal databases for instant modifications of the data? Why do they need anything but good ol MySQL? this seems like a fad.
Real blockchain is cryptocurrencies period.
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The good thing about bitcoin is that you can hold it and make money with it as the price goes up.
The bad thing is the constant drama.
The good thing about USD is that you can hold it and the price is stable.
The bad thing is inflation etc.
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I'm sure some people will say that SegWit/BU must be activated hard way even with risks chain split, community split, price crash or other else.
I also think that we might have to think that option, especially if tx fee become very high, there's altcoin which have at least 50% of bitcoin market cap or when the community tired with drama.
But what will happen when PoW change happens? PoW change is needed to protect from the hashrate of the other chain (they admited they will attack, in case of a split) This means segwit-core chain starts from scratch. Will exchanges, services etc support a chain with small hashrate? |
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lets wait for lauda and the blockstreams suddenly back track and start saying bad things about USAF now their overlord has said it bad
Read again Roger. Gmaxwell says BIP148 doesn't meet the required standards, he doesn't say UASF as a whole is a ruled out idea. A more refined BIP would pass. At the end of the day segwit will get enabled one way or another and we all know this. |
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 In the above transaction...the point from where the transaction initiated was : 15ioBi6L8uaF52caQsRxZNmbf6jpQmUJBf.....in the last row of the list of all the addresses that received the payment....the same address is listed there again ? Does that mean the guy did a payment to himself ? OR is it something else!!!! Not sure, but maybe he specifically set the same address to be paid change to? im not sure if this can be done or if it would look like that on the blockchain explorer page tho. |
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Bitcoin Unlimited is slowly recovering from all the trickery that caused people to put it aside for a while.
Now that the air has cleared people are switching again to make the network better and future proof.
BU block numbers are increasing where segwit is losing.
This is also clearly reflected by the price being dumped again in fear of core losing value.
What tricks will be pulled next?
Buggy Unlimited is dead, nobody cares about BU. Everytime BU gains some ground and segwit loses some the price crashes. Nobody wants BU, not the market, not the people running nodes, not the exchanges. It's over for BU. |
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If such a huge country like Russia legalizes Bitcoin it will be only beneficial to Bitcoin ecosystem. The value will surely rise, but I don't think it will rise a lot. I wonder how will they track all the transactions since many people in Russia use TOR browser together with Tails and VPN-s (well VPN-s aren't a good source to hide your transactions) ? It will be very difficult to track all transactions to whom they belong if not impossible.
I think Russia will eventually ban everything. TOR, VPN etc, at ISP levels. They will go really hardcore. "If we detect VPN or TOR usage you are going to jail". Then what? Theres no way to obfucaste the BTC transactions... |
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We can never have enough consensus for segwit, 95% is too much.
UASF can cause some disturbances in the mining world, even miners that are signaling for segwit could suffer from network split resulting in PoW change (rendering their mining operation useless.. millions in loses?
BUcoin, BClassic etc, are developed by incompetent morons, no one will ever trust their money on those.
Looks like Bitcoin will remain as it is for life. What do we do now?
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Satoshi would be dead the next second he made himself public. Do you really think it's a good idea to not be anonymous when your creation disturbs the status quo? you must remain anonymous. You are also a moving target worth billions, you don't want any fame in satoshi's position.
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Rise is too sharp, don't buy on the pump, wait for 8xxk satoshi again to buy a good pack of LTC in hopes of segwit activation.
But! it can crash at any time due whales stopping signaling, beware.
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With gold... what if huge mines are found? or some asteroid once we have advanced technology? that makes me a bit worried for the long term.
Another issue is that it is now possible to make gold. (Alchemy has succeeded!) The costs of the radioactive reactions are currently too high, but that cost is effectively the upper bound of the price of gold. I don't believe in those so called scientific research on creating gold. In any case, it's a matter of time science can create gold, if we ever reach a point were gold creation is rather cheap, gold will be insta dumped, and that day BTC will go to several million dollars per coin. |
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