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There are certain companies that flood the blockchain with a message, usually containing a website. This means they are advertising their website. The most famous case was the Laxotrade one, that was annoying.
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Bitcoin is a self regulating system, which means if you go as far as being able to attack the system, you had to put too much effort for it to be more beneficial than just being a legitimate part of the network.
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And it's back!
The very few bulls still left can't fight the massive selling pressure anymore, we'll continue this slippery slope for a few weeks i think (-3% to -5% daily) until the pressure is too much they can't even reduce the decline to that level and it will plummet towards $100 within minutes to stay there for at least 2-3 months.
That just means more blessed extra time for pioneers to stack up on cheap ass coins. I hope it stays on the low end for an entire year before take off. |
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As long as Businesses would accept BTC the government would also follow through. Government can't stop the adoption of BTC, sooner or later they're going to realize the benefits that it can bring.
good point, I also think so The government regulates businesses. The most effective way to control Bitcoin is to regulate the businesses that accept it. In this way, they may not be able to stop it, but they can keep it out of the mainstream. Government can't stop bitcoin until theres so many using of it. Business using it or accept it because trading bitcoin is so easy and safe than the traditional trading system. So that government will forced to used it because if they not use it because the private business company will not cooperate with them because they not using bitcoin. Yes its true that goverment can't stop bitcoin but using this for business its ok but it doesnt mean that it is safe than traditional trading system. Traditional system is safe can we also can claim back what we lost but a new system we can't find the culprit who are get our bitcoin if missing or may be scammed. All of this things must have advantages and disadvantages, thats what make goverment still using trading system and still haven't apply this new kind of trading to our society. As Bitcoin becomes more mainstream and gets taken more seriously, serious trading platforms such as Gemini which will be fully regulated, will arise. Chargeback systems will be possible through serious escrows and storage of wealth will be possible through serious 3rd parties such as Xapo. |
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trade.
other than everything has more risk.
It doesn't mean that it has necessarily more risk. What about betting at 98% win chance? You can't really say that it is more risky than trading your money. We've had many people whining due to the fact that they lost money. One can't blame bitcoin for that. You can't just be a trader, one has to learn how to be one. Gambling is also very risky, but some people do it for fun and profit from it. There is no easy way to turn 2BTC into 4BTC although I know methods that would earn you those 2BTC over time. Trading is a 50/50 scenareo, it either goes up or down. Gambling is more risky, but can be al ot more rewarding. Risk/reward rule is never broken, it's just physics. I agree with the guy that said "get on MAID right now". Those that don't will look pretty dumb in a couple of months. I can't think of any other project worth investing in the world of crypto right now (willing to hear more ideas). |
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Yes, Bitcoin has the potential to replace fiat and it is going to happen eventually when there is more wide adoption of bitcoin, it will obviously take time, we can expect it to become a reality within a decade which is totally possible. If it happens, it will greatly reduce the bureaucracy of governments as Bitcoin cannot be centralized.
I don't think it will happen because there will always be people who don't want to depend on electronics and have a physical form of currency just in case. And these people won't be that 1% everybody laughs at, there's more of them than you might think. Bitcoin still requires an investment: you need a phone or a computer with internet access and you just need to have a pocket to hold fiat  Nope, it will change the fiat sooner or later, nowadays people surely need electronics no matter what because in every year our technologies develope in so many variety ways that need electric, electricity can't die. Bitcoin is waiting for coming in a new era and will change the fiat it every aspec This is not a competition to challenge fiat and destroy it. It's good that the fiat scam exists, so we can get the contrast of how it's correctly done with Bitcoin. Let them run national currencies, who cares as long as we have the BTC alternative. |
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I see random articles on bitcoin poping up on mainstream media lately, making random claims, such as "it's money created on the internet", like they don't know there is a limited supply or something.
A spanish friend told me that a politician in his country said that the money is created indefinitelly and unregulated, as if there is a random group of people doing QE with Bitcoins. They just don't get it. |
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bitcoin network need to rise the limit of the transaction MB(block size), to the 20mb proposed by the dev, otherwise adoption will be limited , we still need many soft/hard fork before bitcoin will see its true potential
small merchants still need to adapt to this new tech, they will do it, when they will see that big merchants begin to use it more often...right now one problem with big merchants is that they still offer fiat and paypal as method of payment, this does not encourage people to use bitcoin of course, they need to add some bonus or advantage to whom who will use bitcoin, otherwise the adoption will stuck there, with bitcoin remaining only like an alternative...
20mb block size would be very much welcome to make bitcoin more future proof but when will this be implemented? don't hear much about it anymore. There is still a debate going on. A lot of people want it done as soon as possible to not make it evolve into a bigger problem, but some think it's not necessary. Satoshi predict that technology advancements would cater for 1MB blocksize being enough. |
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You guys forgot to mention network security (look up the 51% attack) What is the cost of security and how do you even go about measuring it?
good question Ah. It is a good question. The network does have disincentives that make a 51% attack illogical. If you have that much hash power you could attack and crash the market. It will destroy the price temporarily and your fake coins will be not be valuable enough to pay for the operation. In other words you could do it at a huge loss. Or you could use your hash power to create real coins with value and make a profit. Only an evil miner with money to lose launches a %51% attack. It would not end BTC either, it would be disruptive and hurt, but not kill. So why do it? The only one having a true incentive to disturb the network in such a way would be a government or some entity who was trying to destroy BTC for good. In that case money wouldn't matter because they would be doing it out of some other reason. The beauty of bitcoin as a self regulating system is that there is no incentive to destroy, since after putting all that time, effort and energy into it, you would benefit more from keeping it alive and being part of the network. Andreas Antonopulous explains it nicely in one of his speeches. |
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i think those who managed to help the bottom stay at 215, were the whales/average traders who dumped at 290 2-3 weeks ago
they did bought in mass supposedly... 200 level should be considered rock solid by now
It's possible, but maybe that's exactly what they want you to think: "Oh this floor of 200 is now solid as diamond" then they pull their fake orders and you fall for the trap. |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd. |
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I am also a native Chinese. I don't agree those saying China ever "banned" bitcoin. It is pure FUD.
If China truely "banned" btc as they said, why does this country hold largest coin trading volumn and owns biggest mines and hash rate?
Gov only said it is not a currency issued by the country, and investment should only be made with caution due to volatility.
Banks are, however, very negative towards cryto currency related business.
This is understandable because bitcoin is by defination MONEY WITHOUT BANKS.
So, BTC is deemed as normal goods by the government.
Nobody is arrested for owning or trading btc in China.
In fact there are quite a lot of creative and hard working people trying to innovate with bitcoin technology. OKLink is just an example.
Well that must suck. If they see BTC as goods and not as a foreign currency it just means you are forced to pay VAT for conversions. They should learn from Spain and make it VAT-free. |
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I was wondering how many doges are there in 1 Btc
Use coinwarz.com and you can view basically any coin's equivalence with BTC and great info to decide what's worth mining nowadays. |
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I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole.
Let's see how this turns out, maybe Kraken is really just run by a 'good guy'.
However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone).
I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit. |
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A certain level of regulation is indeed needed for massive mainstream adoption, but nonetheless they can never stop people meeting in real life and exchanging BTC for cash anonymously, unless they start putting coverup feds in LocalBitcoin selling BTC to scare people away.
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not hold, but buy buy buy!
once it has taken off, the opportunity would never come back.
i'm sure a lot people have already bought in and are waiting for the price to go up. market is currently waiting for the price to move. my guess is it will test $220 again. We went up 40 dollars in the last couple of days on average. We are going up, I think the trend has reverse and we didn't even realize. The next weeks will be decisive. |
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"I've traded a lot of crazy manias. And unfortunately, I'm sad to report that right now we might be in the grips of one of the most disastrous, certainly of my career, and one consistent takeaway is manias never end well." (Tudor, 2015)
This is very true, and this is happening on a global scale ... interest rates are low everywhere whilst prices of real estate, cars and more keep on rising.
Thats why you see all these rich celebrities like Floyd Mayweather buying a new exotic car on the daily and flaunting it on instagram, which gives the asset more cache and a potential buyer in the future will see it. |
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If bitcoin makes money for them, they will love it. Bitcoin is a playground for them. There are no regulations. The money they have can manipulate bitcoin price to their desires. Why would Wall Street hate bitcoin?  I'd rather ask why would they care in the first place. The total bitcoin market is minuscule in comparison to the amount of money any of the big funds out there manages. Even if they can make 100%, that would be dust in absolute terms... Why should people care about something that has the insane potential of going over a trillion market cap in the next decade? Are you really asking that. |
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By 2050, we will be having dozens of bankrupt nations, not just Greece and Cyprus. Top candidates are the United States, Italy, Spain, Portugal, Brazil, and Saudi Arabia. And we will be having many more bank savings account "hair-cuts". And who knows.... Germany may be able to achieve what they failed to do in the two world wars, as a result of these bankruptcies.  By 2050 several halvings will have happened, the BTC price will be sky high and stable. Those that sold in times like this will be crying on a daily. We'll be old as fuck, so I hope it only takes a year for so the pioneers like us holding BTC will be able to retire from the rat race. Best of luck. |
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