Hidden orders do not come with an extra charge at bitfinex.
well 0.1 is still a fair charge i guess, nothing to crazy one should investigate how large can be these order in both exchanges, to make a clear comparison, not based on fees only, you are aware of some limit with bitfinex? |
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Nice prediction. But can it be like that i agree that if you take that calculation price would have to go now over 50K or by 2020. No matter this is hard to happen so much must be set in motion for this not just saying or speculating.
Although it would be hilarious to see it goes over 50K, i hope to see it in my lifetime. Reaching $50,000 is not that hard at all. Right now, we have less than 100,000 individuals who actively use Bitcoin. Imagine what would happen, if that figure increases to 10 million (a factor of 100x). 2020 is a long way off, and I am hopeful that we will be able to reach that figure without much difficulty. i'm not sure about, how much hard it is, but it does not look so easy right now, also if you maintain a 1:1 ratio between users and price, then x100 would be at best 20k and not 50k as you said 50k is a long wait target, it is not something that could happen with just two more halving...yeah one can hope, can speculate but still i think it's a bit out of reality we are still struggling to keep the current position, best not to disappoint yourself ahead of time |
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It will be dead when no one trades it anymore, looks like we're getting there
this only if you think that bitcoin was born to be an instrument for investors only and not as a currency too, the latter should be more important , so as long as people use it, you cannot consider its death anyhow |
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i don't agree on the part where they say that put on the same table, the suffix like "bit", "coin", "dark", and saying that they could have a bad impact, while it can be true for the latter, certainly isn't for the former
names that start like "bit" and "coin" are just abused too much and oversaturated, but has nothing to do with having a bad light for your service
exmo remind me of emo, not that great of a name, and gem is even more abused than bit...
It never hurts to have a good original name. Not sure what you mean by "gem is abused". well it's easy, in the alt section in 2013(maybe you don't know because you weren't there), gem was used for many coins, and it kicked off to a bit of confusion also gem is used in many game too, to describe the resource inside it, and the list go on, it's one of those things that dies hard |
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if it will go up(and it will), expect a crash after that, because many holders are just waiting 1k target, for selling their stash, i presume we get rid of those, in the journey for the 10k target, but then expect another bigger crash, if we ever reach that sum with this halving
if we repeat the same pump of the last ath, we should increase x 10, this mean around 2k in price for the next halving
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it's a good strategy already adopted by someone else, i remeb it it was proposed when altcoin where not so dead as they are now, but the problem is finding those alt with some potential, and unless you choose the same, usual altcoin that still on track like litecoin dash ecc, it's not that easy at is seems
because many alt that are in the position of still having the price of 1 satoshi are basically declared dead, they could at best rise to 2-3, not 10
besides that i cannot find any with 1 satoshi, minus YACC(1 satoshi) and piggy(7 satoshi), there are not even good option at that price, maybe it is better to add a couple of zeroes, and start searching between those with a 1k+ satoshi
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You can always have several wallets, and only carry with you the details about the one with the least money in it. Now, a smartphone is too small to use for BTC or banking operations. Easy to steal and conceal. I recommend using a true computer.
the problem is that bitcoin can't be put inside your pocket, they are digital, you need a phone to spend them outside of your house, and unless someone come up with something more cheap(but still secure enough) that can do a bitcoin transaction without the need of your pc or any other mobile devices, the problem will not be solved do the deal in a public place
still not 100% secure, the malicious person you met, could hide a gun in his jacket, and obliged you to move on another place, it may sounds like a scene froma movie, but it is surely possible |
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Bitcoin will change the financial world. Bitcoin have great potential. That's ok
But I am not really sure about the price is increasing
it was already mentioned multiple times, that bitcoin can't reach mainstream and still "wearing " this ridiculous price Bitcoin will change the financial world. Bitcoin have great potential. That's ok
But I am not really sure about the price is increasing
If you believe in the first 2 statements then there shoudn't be any reason for you not to believe that the price will increase. The price will increase eventually. Don't forget that there is a limited supply of only 21M in existence ever. Deduct the 1M speculated to be owned by Satoshi and you have 20M coins. There is also the one that hodl loads of it ( https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) So, like I said, the price will increase eventually. We just need to be patient and hodl  you need to reduce much more than 1M, lost coins are probably around 3-5M i wonder what will happen if we enter the fees era right now and cut the rest of the supply(i should create a thread about this), does it will speed up the bitcoin ascent? bitcoin is not a bubble .. it has huge potential. I am not sure if govt will try to crush bitcoin if it becomes too popular though
i doubt, they will just regulate it more, to milk some heavy taxes from it |
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I copy the bitaddress HTML to a CD.
RUn that CD on a harddrive that has never touched the web.
Create a "paper" wallet and encrypt it with a lengthy pass.
Print it to a PDF or TIF.
Burn the wallet to a CD.
Move the PDF to multiple USB's and CD's, physically print it.
DESTROY the harddrive I created it on.
You could also just the BTC core and create a wallet.dat file, encrypt it, but I do like the bitaddress.org setup for creating my offline wallets.
Create a few different wallets on that harddrive so I can store the BTC on several different wallets that have different passcodes.
Mainly so when I spend them I don't have to empty my entire stash and create a new wallet.
Sorry if I am coming off as a douche I just want everyone to be as secure as possible. All for one, one for all.
too much work i guess, isn't just better to use a laptop dedicated to running the client and all the operations with bitcoin? something like buy a cheap laptop, do a secure erase(or buy a new ssd and get rid of the one inside it), install only the OS and NOTHING ELSE run it on a private network and not shared with your other desktop run the client with your 10k bitcoin coins that are worth millions no one can put a dent on it, you are safe from online hackers, physical thieves are another story... |
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instead of this whole side chain stuff, which is for alt coins.
why dont we just get rid of the alt coins, or have the alt coin section closed off to no longer get into alt coins in general.
because some of them offer good features, that bitcoin can utilize, like the infamous anonimity, or the mini-blockchain from cryptonite that resolve the issue of a big blockchain that keep to grow, and provide a good level of compresison of data not to mention that mini blockchain could help against blockchain swelling by increase transaction bandwidth |
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Despite some people dumping, I think its still pretty solid?
I dont know about you guys, but I rather dump it when it jumps up $50 difference then right now.
probably only miners are dumping now, see knc thread(and not even all their mined coins, i presume around 50%, to cover electricity and turn some profit), this is why is so solid big players have stopped dumping, they are shorting all the time, when miners dump, it seems that no one want that the price fall below 200-230 a good sign indeed |
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LOOOL! Bitcoin 100x???!!!
Mate i made a ton of money on certain alts. I had like 4 coins last month that were going 15x and more. Bitcoin 100x??? Why? How? Too high marketcap. Too large amount of money needed to go even 2x!!
It must really suck to hold the Gavincoin/Bitcoin right now.
why not? bitcoin did increased x10 with the last ath and x25 in 2011, why such a thing could no be repeated? x100 may sounds a bit too far-stretched, but if the demand will be there it is possible to surpass even that kind of increase altcoin are different thing, they are so worthless that some of them did go to 10k-30k%(i remember one in 2013 that has reached a crazy percentage in the 10-50k range, was beyond reality...) |
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crash in 2011 was worst ........ because price dropped from $32 to jut $2
well that seems very comparable to 2014, when it was like dropping $700 to $600 right. both are 100% price reduction. what? something is wrong from a math point of view from 700 to 600 there is only 1/7 reduction in price, which is about 14,2% from 32 to 2 it is a whole different thing, there is a reduction of 30/32 or 15/16, which is 93,75%.. |
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50mb blocks not necessary for a loong time
this lead me to a question, it not possible for bitcoin to skyrocket before the halving? nothing say otherwise, what if we assist at an acceleration in adoption, and we are still here stuck with 1MB? it would be a nightmare for big merchants, since all the tx will cause a long queue chain that at some point will overwhelm the network it is better to work ahead of time on this subject, to avoid big issues in the future |
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That is the case now, will not in the future. As more wealth gets moved into the ecosystem, stability arises.
Bitcoin is the new gold standard. It represents the only value on the planet that is not simultaneously a liability on someone else's balance sheet other than other unwieldy commodities such as physical gold, yet has more properties of "good money" than its counterparts.
The world needs to come to the realization that "money" is a representation of wealth that others are willing to recognize, not wealth itself. Given such realization, Bitcoin is better money than anything that has ever existed.
volatility is good for now it help trading, it help movements on the market, and it is one of the reason why many bullish are here and not on gold, where the volatility is a bit meh, there isn't to much fluctuation there funny enough the price of bitcoin now, is not moving that much, so is a bit akin to gold |
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An interesting quote from the article about the HODLers: ......The catch-22 is people buy Bitcoins because they think the price will go to infinity and beyond once everybody uses them, but they don't spend their own Bitcoins because they think the price will go to infinity and beyond once everybody else uses them. And so nobody uses them.
But if nobody uses them, then the price will stay stuck at something a lot less than infinity let alone beyond. So the Bitcoin faithful have tried to not only convert people, but also convince them to martyr themselves, financially-speaking, for the crypto cause..... this is assuming that all the holders, does not buy others coins, which is blatanty wrong, it's obvious that not all the holders are just holding and watching the market, and hoping for it to skyrocket overnight or 10 years some of them are shorters, other are buying like crazy to help sustain their holding(this is a good strategy, you just need to buy a little everyday), those that have big amount of money are still investing in bitcoin, only newbie that are afraid of losing everything, hold and do nothing else |
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I remember an interview where Gavin explains that it takes time to implement the block size change so you have to get the process started well in advance. If you need months of lead time then you have to be more careful with calculating block size usage. This is why he wants to push forward in stead of waiting, because if we wait then it might be too late to increase the block size by the time it is needed.
still 20 seems excessive, 8-10 would be a better starting point, then just double it wehn you reach 50% saturation, it should suffice, for not come late for it it is obvious that from 0 to 1 the time was large, but from 1 to 10 expect 2-3 years to saturate it, and from 10 to 20 expect even less, if bitcoin continue to grow at exponential rate so 5 years for 20mb should be about right But the goal should be finding a way to avoid more hard forks. Can we really afford a hard fork in 2-3 years, let alone 10 to 20 years when Bitcoin will be insanely huge? We can do this now because we are on the early days. The further in the future the more of a problem it becomes. you can automate it with an algorithm in the code, of the client, thus removing the necessity to do a hard fork everytime the limit is saturated, why they didn't do this before, is beyond me, maybe they didn't find it necessary at that time |
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and why many do not travel, and go in the other side, if the difference is so big? it should not be so difficult for a usa citizen to move between states, and maybe find a new location to live, instead of wasting money in his current residence...
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do you usually carry a lot of bitcoin with your smarthphone? they should just steal your smarthphone instead, like they usually do, and not care so much about bitcoin, unless you hold more bitcoin in value than your phone...
usually big money should stay secure at home or in another place, and not in your pocket
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Is Mastercard also safer and faster than USD?
what you're talking about, mastercard is just the circuit, on which fiat travels through, they should've point their finger to the blockchain instead of bitcoin, because that's the right comparison between mastercard/visa and bitcoin world |
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