If smething big happens that could "break" Bitcoin, transfer to Litecoin, the safe haven coin.
If something big happens and breaks Bitcoin, then Litecoin will follow. Besides, how do you transfer broken Bitcoins to Litecoins? Trading them via exchanges. Like if the 20mb block hard fork does happen as planned, I might hold some LTC. |
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Define 'undervalued' in crypto. There are no fundamentals, only potential.
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From Ethereum's blog...
Ethereum vs. Bitcoin
As a starting point, and only as a reference, we could begin by comparing Ethereum to Bitcoin, because Bitcoin seems to have been understood, at least by those who wished to understand it.
At first sight, one can easily be duped by apparent similarities because both Bitcoin and Ethereum are open source platforms that have four common staples: an underlying cryptocurrency, an inherent blockchain, a decentralized consensus-based proof mechanism, and miners that support the network; therefore they must be similar. But that is a wrong conclusion. As soon as you dig deeper, reality reveals that Bitcoin and Ethereum are more dissimilar than similar. Each one of these 4 staples has a fundamentally different purpose in terms of what it enables, and for that reason, Ethereum is headed into a different direction than Bitcoin.
For background, Bitcoin was originally designed as a decentralized cryptocurrency network for transacting monetary value, and the main purpose of the Bitcoin blockchain was that backbone of trust for these financial transactions. It was only more recently that Bitcoin’s blockchain started to find use cases in non-financial applications relating to decentralized trust and as a store of value. Therefore, the programmability aspects of the Bitcoin blockchain itself were almost an after-thought, although sidechain proposals are hoping to make this programmability a little easier. In contrast, Ethereum was conceived from Day 1 as a software development platform for decentralized applications, and its blockchain was specifically designed to support executing apps on it. So, the Ethereum design had the luxury of learning from Bitcoin’s experience and remedied some of its shortcomings. For example, the Ethereum blockchain is faster at performing verifications, down to a typical range between 5 and 30 seconds, as compared to Bitcoin’s 10 mins...
Full blog here... https://blog.ethereum.org/2015/05/24/the-business-imperative-behind-the-ethereum-vision/ |
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Liberland?  |
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^ lol  |
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I'd say Gavin and co just go for it. The majority wants it, let them have it.
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If smething big happens that could "break" Bitcoin, transfer to Litecoin, the safe haven coin.
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The thing is to build a network that all the exchanges can participate in and have a degree of control if they do decide to participate. Transactions from one exchange to another would be way faster. I get that the exchanges are wary of being a gateway on Ripple. But if they get together, they could fork it and build their own system that they themselves control.
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I love the idea! I'm not a dev, but I'm pretty sure someone could figure it out. Instead of a BitTorrent-esque system. Go for something like Popcorn Time (still the same, but different), http://en.wikipedia.org/wiki/Popcorn_Timeedit: I read an article somewhere of a Proof of Bandwidth idea but for a Tor-esque system. |
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Here's a list of all the exchanges http://www.cryptocoincharts.info/markets/infoIt might be a good idea for some, if not all of them to get together, fork Ripple and form a gateway system for trading and transacting in a network that the exchanges themselves control. It will make moving crypto/fiat a whole lot easier from exchange to exchange. What do you guys think? |
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One scenario for this is if the devs "break" Bitcoin. Gavin's proposal to a 20mb block might cause it (just speculation, but who knows..). I am seeing LTC becoming a safe haven coin while the hard fork is in process... So LTC is the best bet, but BTC has to "break".
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Isn't purposely pumping and dumping illegal in the US?
What happens when this transfers over to crypto-currency and people that boast about it in forums? Will the SEC go after groups like this?
I highly doubt it. These assholes get away with it. Yup. Sad but true in fact. P&D is even happening in SEC regulated markets. Regulations they make are a joke. |
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Ryan, what coins are in your watch list right now?
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How is the development going without the core developer? What are you talking about? The core devs at Doge are solid keeping the code up to date than most coins. |
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Yeah true. But look at Bitcoin now. Potential... Go figure.
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Cres, does that mean Dogecoin has a good chance of being up there with BTC? Also a little advice to the bagholders... If your trading strategy is "investing" aka buy and hold. Stop. Throw Buffet style investment strategies out the window because crypto has no fundamentals. Only potential. |
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Oh also keep in mind. If the government regulates altcoins, do you know there are pumpers in Wall Street that are bigger and better? Now those people will come in.
They will squeeze crypto and destroy everything we love about it.
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What do you mean "something has to be done"? Pump and dumps have always been a part of the markets ever since. It's even happenning in regulated stock markets all over the world, even in the US. If you're saying a government entity should start regulating altcoins, NO FUCKING WAY! It won't eliminate pump and dumps and now we have the government telling us we should have xxx USD in our accounts/assets because altcoins is a high risk investment.
Keep in mind, there's a rule about investing in hedge funds in the US, one should have x million USD because according to the governemnt "it is high risk". Also there is a pattern day trading rule in the US where your account must maintain at least 25,000 USD, again "for your own protection". It's bullshit.
Read "An American Hedge Fund" by Timothy Sykes. All the government BS i written there. I know that guy runs his site like an infomercial but his story is real and true.
edit: If your trading strategy is "investing" aka buy and hold. Stop. Throw Buffet style investment strategies out the window because crypto has no fundamentals. Only potential.
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