Hypothesis 1: If the world fails to accept Bitcoin, chance are Bitcoin might be just as it is now or it will be run off by another coin that is universally accepted and effectively utilized.
what makes another altcoin accepted while bitcoin isn't?!!! newsflash, if bitcoin fails to be used altcoins don't have anything on bitcoin to be used in its stead. they will fail sooner and faster than bitcoin if your hypothesis is right. Hypothesis 2: If the world accepts Bitcoin and fails to use it for it actual purpose, chances are Bitcoin's will lose its intrinsic value and might turn out to be of those useless and dead coins in the crypto market.
bitcoin is being adopted around the world and is already being used as a currency and the usage is growing day by day. since so far we have conquered enough i'd say this Hypothesis is not going to happen. in any case i am all for making people understand that bitcoin is a currency, has always been and will always be. using words like "store of value" mostly started last year when fees went up and they need to go away. |
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no because of two main reasons:
1. they are buying bitcoin off the market using P2P trading most of the time, even when their exchanges were open.
2. their exchanges are mostly cut off from the rest of the world. so any change in their price wouldn't affect the global market. for example you can look at price of bitcoin in India last year which was mostly a lot higher than USD markets even during the hardship between $1000 and $2000 where price couldn't go up, price in India was high.
of course the influence is there but not that much like "to the moon" or anything like that.
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An anonymous gambler has bet $6.3 million that the price of bitcoin will exceed the stock price of Berkshire Hathaway by 2023. Tom Waterhouse, an Australian bookmaker, tweeted the wager earlier this week. The gambler has a long way to go. Bitcoin currently trades just above $6,000 per coin, while a share of Berkshire Hathaway goes for $287,100 per share. The bet is at least somewhat a dig at Warren Buffet, the Berkshire Hathaway founder who earlier this year called bitcoin “rat poison.”
a bet is a bet only if money is put down in the middle like in some escrow so that the two sides of the bet have no way of getting out of it, otherwise it is just social media nonsense trying to hype things up and must be ignored. although this bet is a safe bet one can make, we have the halving in 2020 and 2023 is close to the next halving so you can see two major guaranteed big rises in bitcoin and in the middle there will be a lot of other rises. reaching 10x of last ATH in 5 years means 2x rise per year which is the smallest rise bitcoin can have. |
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open an Excel document and fill it like this: | buy_price | | | ### | | volume | | | ### | | fee | | | 0.2% | | cost | | | =(B1*B2)+(B1*B2*B3) | | profit | | | %### | | sell price | | | =(B4+(B4*B6))/(B2*(1-B3)) |
'###' are variables, you should fill in each time. for example buying 100 (vol) of some coin at 0.00001000 BTC (price) will (cost) 0.00100200 BTC. if you want 5% (profit) you need to sell it at 0.00001054 BTCif you want the bare minimum price to sell at and that you just get your money back with no profit just set the profit to 0% and in the example above you get 0.00001004 BTC as the price you should sell at. now you just have to decide how much % profit you want out of each coin that you sell. |
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the market is based pump and dump,
hold on to your coin
right or wrong you are contradicting yourself! if you know something is a pump and dump then you should not even be a long term investor in that thing let alone be holding on to that coin! that means you ARE greedy but also you ARE a newbie who has no idea how to work the market in its different phases. what you need to do is to buy these altcoins when they are getting pumped and sell them to get rid of them fast before they started getting dumped. |
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it is offering something new that wasn't possible for bitcoin. with LN you can now have instant irreversible transactions, micro transactions, with virtually no fees. and it is making a level of scaling possible that was not possible any other way. this can make bitcoin process more TPS than any other centralized payment processor like VISA that people keep comparing bitcoin to sometimes.
that opens up a lot more possibilities for bitcoin as a currency, so it increases its adoption by a lot which in turn leads to price rise.
All great. But is there any real demand for it? Any real business expressed their interest in implementing LN? All I see is "bitcoiners" pitching this idea (to newbies) of LN taking it to the moon, as if there were billions of $ waiting on the sidelines. ready to jump in as soon as LN is 'available'. Many could wake up to the brutal realisation that LN might simply never take off. And in my estimation that scenario is more likely to happen (unless the idea is for it to be "coming soon" forever). Even taking all the technical hurdles (and flawed economy model) aside, you still have to ask yourself a question is there any real incentive for anyone to use it. The tough part is, you cannot grow it slowly, it's supposed to be a network, you need a critical mass for it to make sense. The devs and community must accept the possibility of LN (or any other concept) failing in practice, cultist-like approach won't get you far. people always hype up everything a lot bigger than it really is. but that doesn't mean they are 100% wrong. it just means they are exaggerating. of course LN is not this big savior that solves everything and pushes bitcoin price to $100 million and it is not perfect. but it is not as bad and useless as you are trying to say it is either. as for incentive and expressed interest, you can always check the network and the news to see what is going on. for instance here is a real business which has been accepting LN payments even though LN is not yet ready: https://bitcointalk.org/index.php?topic=4164170.0 and they have reached 1 BTC in payments about 2 months ago. futuristic adoption will be exchanges, gambling sites and any merchant small and big, and i believe one of the biggest things will be using LN with Open Bazaar which makes it into a secure and fast and decentralized market on the internet. |
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Bitcoin experts on youtube
i think you answered your own question  some idiot who is spamming bullshit videos on Youtube talking about bitcoin price is not an "expert" it is some kid in his parent's basement trying to earn some money by creating clickbait videos and getting some pennies for his dumb effort. |
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@LeGaulois. That is easy to say today, but I reckon it was difficult to accept for many people at that time. When I posted some news articles on the coming bear market during January, many responded so negatively to the articles and they were telling me to stop spreading doomsday stories.
Also, there is the same negative reaction when I post bullish news articles today hehehe.
well to be fair you were posting "doomsday stories" back then, at least most of the times. an example: bitcoin should be worth $20talking about price dropping to $900so i'd say the reaction you received was perfectly justified. and today's news that you call bullish is just as bad in my opinion. they are all exaggeratedThe titles are exaggerated, but those are not mine. I copied and pasted them because they were the titles of the news articles. But if you read my own reactions on the articles, they were not spreading doomsday stories. Also, the other reactions from the bearish articles and the bullish articles are the same in the denial that the bull or bear market is over hehehe. duh! i understand they are not yours, that is obvious. but you were still posting them and the "reactions" were to the article first and how absurd they were and then to you for paying attention to a low quality doomsday article like that and posting it here  |
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unfortunately the owners of bitcoin.com have been running a propaganda campaign against bitcoin and have been trying to convince everyone that their creation (bitcoin cash) is the real bitcoin. for that they have changed almost everything bitcoin related in their website to bitcoin-cash. you can see the text at the bottom is still talking about "bitcoin" even links to bitcoin explorers not bitcoin-cash explorers. they have even sold bitcoin-cash to users as bitcoin for a short while! |
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@LeGaulois. That is easy to say today, but I reckon it was difficult to accept for many people at that time. When I posted some news articles on the coming bear market during January, many responded so negatively to the articles and they were telling me to stop spreading doomsday stories.
Also, there is the same negative reaction when I post bullish news articles today hehehe.
well to be fair you were posting "doomsday stories" back then, at least most of the times. an example: bitcoin should be worth $20talking about price dropping to $900so i'd say the reaction you received was perfectly justified. and today's news that you call bullish is just as bad in my opinion. they are all exaggerated |
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LN is not a sole feature of bitcoin.. so.. altcoins like litecoin will also have bitcoins stuff.
that is true about everything else that bitcoin has and does! most of the altcoins are copy of bitcoin so they are also copying everything else that bitcoin does. your whole argument is like saying blockchain, cryptography,... are not a sole feature of bitcoin, litecoin,etc are also using it so ...! |
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Read the OP again? How can a wallet be corrupted and still be openable in an older version of electrum.
last line he is talking about importing his keys in another version that works not the wallet file, that is why i said the wallet file may have been corrupted. there was also some bugs in some versions regarding encoding when reading the wallet file which were fixed later. like this one: https://github.com/spesmilo/electrum/issues/4078 |
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whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).
how do you say block reward halving didn't "dramatically increase the price"?!! it actually nearly doubled the price. back in 2016 when the hype of the block halving began in May and continued in June, the price went up from $400 levels up to $770ish which is nearly double the price and by the time the halving happened in first week of July price was already 50% higher.  |
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scroll up a little bit from this picture and you will get your answer! on top of the page in big font it says "Bitcoin Cash (BCH) paper" wallet. and that address is the new "cash address" format that bitcoin cash adopted a while ago (a rip off of Bech32 format that bitcoin uses) although i don't know why it is omitting the Human Readable Part: hrp= bitcoincash
separator= :
data part= qpqez..... unfortunately this is one of many misleading things on bitcoin.com use bitaddress.org if you want to create paper wallets. |
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Once Lightning Network is broadly available, Bitcoin will skyrocket again How so? Can you, or anyone else, explain how LN will make the price skyrocket? How will you use bitcoins once LN is ready and what prevents you from doing that right now. Does LN bring any ground-braking use-cases that will create enormous demand? If there's nothing more than just cheap and fast transactions, then the future looks bleak for LN. i don't know about skyrocketing just because of LN but what OP means is that LN is an improvement, it is offering something new that wasn't possible for bitcoin. with LN you can now have instant irreversible transactions, micro transactions, with virtually no fees. and it is making a level of scaling possible that was not possible any other way. this can make bitcoin process more TPS than any other centralized payment processor like VISA that people keep comparing bitcoin to sometimes. that opens up a lot more possibilities for bitcoin as a currency, so it increases its adoption by a lot which in turn leads to price rise. |
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' The blockchain is a global and decentralized ledger that stores information about a transaction and also verifies the data'
it is interesting that all these results from a google search about "what is blockchain" call it a "decentralized" ledger. like this one that you copied from Wikipedia! well blockchain is simply a chain of blocks which is made using cryptography. it is used in a decentralized manner in bitcoin but from what i understand there is no reason to use it in a decentralized way. you can see that clearly in many centralized altcoins that are also using the blockchain technology. which leads me to say that a better word for it is distributed ledger. |
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we are talking about going past that ATH and setting a new one which is 3 times bigger than the previous one! one useless ETF with its hype can not do that.
Don't underestimate the power of FOMO. When Bitcoin will start rising, people may freak out again. Remember Novermber-December 2017? Of course, if doesn't have to be a bubble, but 60k this year clearly means that it's a bubble what he predicts. maybe, it is hard to tell with bitcoin sometimes. but my logic is that the FOMO buy of end of 2017 was huge (2x rise in ~1 month) but it had certain characteristics that made it like that. 1. bitcoin was already on the rise in a strong bull market and a lot of money was coming in. 2. there was a big mainstream adoption hype thanks to Bitcoin Futures by CME and NASDAQ,... 3. (which i believe is more important) we were in uncharted waters. compared to now, we have the resistance at $10k, then we have all those who bought all the way from ATH to current price who may want to panic sell their coins. then we have the previous ATH which will be another big resistance. all the profit taking and FUD that will come then and people who sell won't allow the rise to be that fast. yes if price reaches $30k-$40k then it can easily go to $60k in a month but up to that point will take a long time. |
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The proposed date by SEC to give its decision is August 10 that by extension will also decide the fate of cryptocurrencies and if trillion dollar funds will finally pour in the crypto market.
i'd say why even look for hope and silly things like ETF, bitcoin didn't have any nonsense like ETF for the past 9 years and it went from $0 to $20000 and will continue this way without them too. ...and even if ETF is approved money won't pour into bitcoin, it will pour into that ETF! Money that pours into an ETF will have to also move into Bitcoin though as each share would need to be backed 1:1 with Bitcoin. I think an ETF approval would have more implications than just a hype pump/institutional investors pumping it. An ETF would add a great deal of Legitimacy to Bitcoin, which is definitely needed right now. The crappy ICO market has essentially painted cryptocurrencies as a joke. A Bitcoin ETF would definitely help out Bitcoin and show that it is indeed a valuable alternative store of value. At least that is just my opinion. you are correct about the 1:1 thing but that money comes in once and will most probably not come in into the main market (not on exchanges) they may buy bitcoin off the market or at least buy it in a way that they don't change anything about the price. and i may be mistaken but i believe they have already bought bitcoin that they created this ETF, meaning they first provided the funds then submitted their ETF with SEC. and i completely agree with the second part about ETF giving bitcoin Legitimacy. i think many cases like this (ETF, Futures, even Japan adopting bitcoin) have one big effect that people sometimes forget about, they show people how wrong all those FUD they were hearing were. |
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a fork is sometimes referred to as a way to make things that weren't possible before, possible or make things that were possible before, impossible. in this case you can always break any rules you want when creating a fork, even spend coins that you are not capable of. for example there was a bitcoin fork proposal (to create another new altcoin like BTG, BCH, BTV,...) that spent coins that weren't touched for a long time like Satoshi's coin. the problem is when you create a fork you also have to get the whole network (assuming it is a decentralized cryptocurrency) to follow your fork. otherwise the main chain will continue as it were and your chain will be a new coin with a different blockchain which the nodes on the main chain reject. Or another option, make snapshot of current blockchain and in the last block of new blockchain before it's released to public add block with invalid transactions that retrieve coins from inaccessible wallets to proper one. In this case such modification could be also made by utilising 51% attack as all miners on the new chain would be dev's, not only by wallet modifications.
if they do that their chain will be rejected by literary the whole network (except those miners) since the miners in this scenario have upgraded their code and the rest of the network (nodes, exchanges, ...) are still seeing it as an invalid block so they will reject it and continue waiting for a valid block to be produced by the 49% remaining hashrate. edit: i think this is the best example that i can find regarding this: https://bitcointalk.org/index.php?topic=2041607.0a mining pool (1hash) have included invalid transactions (had unconfirmed parents and wrong order of transactions in the block) in the blocks they found and they were easily rejected by the whole network. |
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this error is most probably happening because there is some sort of corruption in your wallet file that you are trying to import.
if you haven't encrypted the wallet file or partially encrypted it then you can open it with any text editor (like notepad in windows) and see its content including your seed and private keys (in case it is not a multi-sig wallet). in case of partial encryption the private keys/seed will be encrypted.
by looking at the file you may be able to gain more information about what the problem is, it should look like a clear JSON object.
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