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no exchange will ever become big until they become registered and regulated so that they become trustworthy because of that. so far all of these existing exchanges that i know of (including Huobi and Binance) are considered high risk even though a lot of traders are using them and even if they have highest volume.
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do you know math? if you know it then asking this question is silly! if you can't change X you can change Y and get the same or bigger M.C. X is price and Y is the supply. Market cap = X * Y
(MC of BTC) $138,483,107,450 = $8,155.60 * 16,980,125 BTC
(MC if SHIT) $138,483,107,450 = X * Y
if X is $10 then Y = 13,848,310,745 (13 billion coins)
if X is $1 then Y = 138,483,107,450 (138 billion coins)
if X is $0.1 then Y = 1,384,831,074,500 (1380 billion coins)
we already have at least 14 altcoins with more than 100 billion circulating coins! and at least 200 coins with more than 1 billion coins. they just have to be pumped to $10 and $1 respectively to overtake bitcoin's market cap! the real question you should be asking is whether you should even care about it? |
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public doesn't need to understand the technology and how it works completely in order to use it. At this point in time, some degree of knowledge is important to be able to trust it, especially if we're dealing with money. "some degree of knowledge" is only knowing the basics like how to use a wallet and secure it, for example how to buy and use a hardware wallet! the "public" can easily learn that, it is not rocket science at this level. any deeper is not necessary to use it. |
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I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency.
bitcoin stopped being on "the down fall" a couple of weeks ago! and we are not anywhere close to seeing bitcoin as the worlds leading currency, it has the potential for sure but it is far away. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?
merchants, retailers,... adoption of bitcoin will increase the adoption in general, that is for sure but it won't make bitcoin price stable. the only thing that can make it stable is more trusted exchanges with packed order books instead of current shady/risky ones with thin order books. |
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BTC.com is the most powerful bitcoin wallet,
this statement is wrong! it doesn't matter who owns it, what features it has or what hashrate bitmain owns, .... in the end you are talking about a web wallet and this type of wallet is always going to be the weakest and least secure wallets among the rest of them. |
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No!
simply because it is not even created yet. we are talking about years in the future which may not even become a possible thing due to political reasons. not to mention the logistics of it! we are talking about a construct (houses) in the middle of ocean. the pictures look pretty in calm sea under the clear sky while sun is shinning but that is not how the sea always looks! the conditions can be brutal even in the safest places.
plus how much does it cost to maintain such a structure every year? keep in mind we are talking about a big structure at sea under constant corrosion in salt water, under constant pressure, different forces, ... so we have a combination of "corrosion and fatigue". who wants to live in a place that can have a catastrophic failure because of stress-corrosion cracking?
another thing that i can't wrap my head around is the dynamic nature of it!
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any help ...new version no auto calcultor and convertor no deposit and withdrwal any help
I only logged into Bittrex to see what the new interface looked like and it looked a right mess, maybe I was just used to the old version. Good luck navigating the new look Bittrex, but i gess you'll get used to it. I move over to Binance some time ago, time for a change ? Just my view also. my observation in my few years on cryptocurrency is that most exchanges dont last a while. They just quit or get relaxed and lose customers confidence after some years. After they have made their money from the exchange they seem not to care again about customer and that is the situation of bittrex now. the last time I checked the owners of exchanges make the list of the richest people in crytocurrency. people don't just randomly lose their confidence in an exchange one day! they see things that makes them lose their confidence. for example everyone believed in Bittrex and trusted them but since last year they scammed millions of dollars worth of bitcoin and altcoins from their users from certain countries (which they assured could use their platform) people stopped trusting them. now all these changes are in desperate attempts to make people forget about their scams. |
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Personally though, I don't really need to look at those TA to come up with my own conclusion. A $1K increased in a matter of hours? Price stuck and fluctuating somewhere between $7800-$8K? If you have been here in this market for about a year, instinct will tell you that we don't need to celebrate and think that their is a imminent bull run in the horizon. I will still be very cautious about this price movement but I will just kept my 'prediction' for now and see how it goes.
this is why these jumps exist actually. many of us are doing the same, for example while price was at $6800 predicting it was impossible, there was no reason for drop and no signs for a rise so most investors stayed out only watching things. as the signs for rise started to show up some of them who were fast or had some alerts set, jumped back in hence the big greed candle. and that is part of the problem with using TA to speculate bitcoin. talking about resistances, etc while things like this happen is impossible. if a small momentum shapes up and price reaches $9k+ we may see a shoot up right over all the numbers they think is "resistance"! |
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1+ year ago most people didn't even think bitcoin could go to $20,000. in fact if you could see my own comments from end of 2016 my speculation was somewhere around $2000 (1/10 of ATH) based on the rise that was happeneing up to that point.
but that is the thing about adoption, it is not a linear thing it happens exponentially which finally will share an S curve. it is slow at first and then speeds up and finally it will nearly jump up.
so we will see $100k-$200k by 2022 or maybe even sooner by 2020.
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Jan 2018 - George Soros: "Bitcoin is a bubble"
Apr 2018 - "George Soros Is Getting into Cryptocurrencies"
i have a problem with the dates! if the first one was in December instead of January i would have agreed and it had nothing to do with being a "crypto skeptic", it was a bitter truth. in January price was $10k and by the end of it price reached the bottom. and i wouldn't personally consider anything in this range specially below $10k to be anywhere near the bubble. bitcoin was in a bubble at $20k but it was corrected long before this comment in Jan! also i should mention that all these big players have been investing in bitcoin a long time ago. this is not a new thing really. and to be honest i wouldn't be surprised at all if i found out people like Soros, Buttef,... own coins from 2009-2010. that is what millionaires do, they can't dump all their money in bitcoin in one day, it takes years for them to park it in bitcoin. |
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it is very hard to predict the price in short term sometimes but there are a lot of signs that show this current price has a pretty good buy support and unless we hear some unexpected news we can expect this to be the start of the real rise to come which makes investing in bitcoin right now a less risky with a good reward investment.
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altcoin pump and dumps have been going on from the start, it is because mainly they realized that since bitcoin market has grown so big that they couldn't manipulate it easily and as effectively, so they decided to create altcoins and do it there. now we are left with thousands of them that are getting pumped and dumped every day.
but none of it has anything to do with bitcoin and is no reason for losing confidence in bitcoin!
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it depends on what you heard! regulations are coming in every country without an exception. but they differ from each other. for example in Japan bitcoin is considered a currency so the regulations are according to that, in US it is a commodity so it is different, in Bangladesh it is illegal so it is different there too!
and by the way "Virtual Money" is not technically correct because there is nothing virtual about bitcoin. the correct term is "Crypto Currency".
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Is the trend still holds true? I see the thread was opened last March when we haven't heard any FUD yet regarding India's government stand on bitcoin and crypto, but lately we have seen RBI issuing statement against doing any financial transactions involving crypto. That's why I'm asking because members are still commenting as such that the trend is still holding.
If this is still true then I can speculate that because of the "ban" of RBI the Indian crypto community still wanted to trade maybe OTC or localbitcoins, but I don't know if this has a drastic effect on the price of bitcoin in Indian market though, But we all know that India is one of the most populous nation so I wouldn't be surprise that even a 1% of them going to bitcoin will push the price on their local market.
i haven't checked their prices recently so i am not sure what is going on over there these days but the reason why the bitcoin price was higher in India was because they are practically cut off from the rest of the world so there is no in-flow of bitcoin so the supply of bitcoin in India has been scarce while the demand for it kept on rising hence the price kept on rising a lot bigger than the rest of the world. this is actually a pretty good example for supply and demand. |
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Four months ago, Bitcoin had almost touched the $10,000 milestone. But since reaching a peak of $ 840 billion in early January, the market has plummeted to 70% and is not recovered since. All efforts are meaningless as the total market capitalization is still sliding down from the peak of $ 500 billion. However, Increased in crypto price now and crypto maket value of 22.2%.
you are looking at everything wrong here. first of all you may think you mean something when you report total market cap but you really don't make sense, you are just reporting a meaningless number. as for bitcoin price another way to look at it instead of calling it "not recovered yet" is that last year price was $1000 and now it is $8000 and it is still rising strong! What right in the past doesn’t right in the future. But it seems to be right in Bitcoin case. The average downtrend of this Coin is 71 days and the market, as the cycle returns, witness an uptrend.
there isn't really any cycles. there may be coincidences where some recoveries take that long but there is no fixed length for it. Still, Cryptocurrency will still an important field whether we can reach $ 1 trillion this year or not.
again with the market cap? yes it may reach $1 trillion or even $100000000 trillion based on the way shitcoins are being created. as a quick example imagine a premined shitcoin with 100 billion coins is released and pumped to $1 (12500 satoshi) that increases the total market cap by $100 billion in a blinking of an eye. have 10 of these and you increase it by $1 trillion. easy peasy  At your point of view, Does Bitcoin have a chance?
why wouldn't it? it always baffles me that every time price drops people start asking this type of question as if they forget what bitcoin is if its price drops and remember it when price is rising! |
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since ethereum is not immutable it means storing it also has another huge risk. today you may store ETH and a bunch of tokens, tomorrow they can change everything because they want to and because it is centralized and you lose all that you stored and go back to zero.
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~
nope
(3)rectangles are the network. and the lines are the clients.
the blue network. starting from the left had one client.. satoshi... which started in 2009
then in 2010 a github version started (the triangular shape that goes blue to orange)
the other lines are other clients that worked happily on the network without becoming a altcoin. but had opposing bips. consensus decided not to upgrade the network for som of them
then there was a (orange box) bitcoinABC (made by the BLOQ team, funded by the same guys that fund gmax and BS core dev salaries) the purpose was to make a split event at a certain date. to avoid consensus.. but to intentionally cause an intentional split. all bevause core couldnt get above a 35% consensus threshold and blockstream were running out of time before they were desiring to VC beg another seed round of funding..
so with the aid of partners. bloq got cores opposition away from the original network and onto a purple network, thus with no opposition due to the deportation event. core could trigger segwits network typology which is the yellow network
you focused on the process but i focus on the results. it is true that a lot of shitshow went into activating Segregated Witness but the result is the bitcoin we see today. and it is the real bitcoin because the majority accepted this change. if we start saying bitcoin is not the real bitcoin of Satoshi because it received some addition (upgrade) then bitcoin stopped being real bitcoin somewhere in 2009-2010 with the first major upgrade. |
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author is obviously a fool so why bother quoting such an imbecile here and cluttering the board?
his natural limits are not primed to cope with comprehending fully a decentralised trustless end to end arena
It's important to get arguments from both sides. Not everything should be pro-bitcoin and blockchain if we are to be critical thinkers, so I am mainly curious as to what types of counterarguments people have here. I put all of these quotes because I know most people aren't actually going to read the article. Frankly speaking, most of the people we debate bitcoin and blockchain with don't fully understand the technology. Dismissing their arguments is not constructive. It's more important to know how to word a counterargument that might actually teach the other party something. This is the time we need to spend educating people, despite the few years the technology has been around many people still barely even know the basics. it is one thing to have arguments for and against blockchain technology and discuss them, but it is completely a different thing to not understand it or pretend not understating it and make fake arguments. discussing with the later is a waste of time. this article is basically saying this: "because blockchain technology is not perfect and because some centralized third party services using cryptocurrencies have been bad, that means blockchain technology is "crappy"" you can't argue with this logic! ~~~--especially to a public that still does not completely understand blockchain or how it works.
public doesn't need to understand the technology and how it works completely in order to use it. does the public understand how internal combustion engines work? no but they are using cars. does the public understand how computers work internally? no but they use computers, cell phones,... |
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i am still hesitant to call this a "bull run" just because we saw a big and sudden rise. i say it is mostly because of the fact that bitcoin was manipulated and dumped hard instead of going down like a normal market and being lower by force means it will jump back up like this. if price continues to rise and goes above $8000 then that can be a good signal for the start of a bull market, otherwise don't jump to conclusions. $30b just came into the market suddenly.
stop using and reporting market capitalization when you are talking about cryptocurrencies. it is completely meaningless like what you said here. no $30b ever came into the market! what happened was that bitcoin went up and since every altcoin has a alt/btc price and during a sudden rise nobody is capable of selling alts that fast the prices of altcoins virtually went up in USD too. for example an altcoin worth 0.01 BTC was worth $68 then suddenly while still at 0.01 BTC it was worth $80 that doesn't mean that altcoin went up!!! it means that altcoin stayed the same and bitcoin went up. in fact many of them even got dumped and went down to 0.009 BTC for example but still showed fake rise! |
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what the author is describing as "hype" is simply a surge of newbies who didn't understand what is what! obviously they are mostly gone since their dreams of becoming rich with bitcoin and even altcoins in less than a week was shattered when they faced the reality.
other than those newbies, everyone else is still pretty much in. nobody went anywhere, they are still trading bitcoin, the whales accumulating, millionaires buying silently (parking their money in bitcoin) and a lot more.
but none of it is the reason to call this a "boring phase" i think yesterday's big rise proved that to be true.
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