no it is mainly manipulation and then followed by people's idiocy who only invested in bitcoin to become rich and never understood what bitcoin is.
in fact if you understand the reason for existence of bitcoin, every time a government even talks about bitcoin in a remotely negative light you would start buying a shitload of it. because when the government shows their fear of bitcoin that is when you know bitcoin is working as it should: a decentralized censorship resistance digital cash.
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panic happened every where the what is going on?
it is mostly because of the bitcoin-ban-FUD that is being spread all over the internet combined with whales dumping on the exchanges. the ground work is also there with the bubble crap they have been spreading all these past weeks and with the stupidly high fees people don't believe in bitcoin anymore. all the coins in the crypto world have decreased more than 20% especially bitcoin. this is crazy
this part is not crazy, every time bitcoin drops, altcoins drop like this. even more than bitcoin. don't ask me why, all i know is that it happens every time without a doubt.
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i doubt it can go anywhere below $10000 or at least go below that and stay there more than 6 hours. but with bitcoin these days you can not say! there is no reason for the drop but you can see they still manipulate it and panic sellers start unloading their hands on the market.
and with very high fees the faith in bitcoin is pretty low these days. if fees were to come down today, price would have been $30,000 in less than a week.
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Rootstock has been in development for a very long time, and will bring Ethereum to the bitcoin.
it won't bring Ethereum to bitcoin, it will bring smart contracts to bitcoin. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) i am personally excited for all these but mainly about Lightning Network. the second layer in general seems like a pretty cool idea and since LN does not technically have any scaling limitation (it can handle 1 transaction or it can handle billions) it will be a nice addition. things will be very interesting this year for sure, as each of these start to come out.
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~ they said =Note: Some old versions of Windows might need to install the KB2999226 Windows update. i don't want to install something that i don't understand including this KB2999226.
what is there to understand? it is a Windows update released by Microsoft the same company that released the Windows you are already using! and you download it through Microsoft itself. it is an update for Universal C Runtime (CRT) in Windows. if you are curious about the details read the kb article from Microsoft official website: https://support.microsoft.com/en-us/help/2999226/update-for-universal-c-runtime-in-windows
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your title is dumb since bitcoin did not split. bitcoin is still bitcoin with 100% of the majority on it. a split means when a big part of the network chooses a different chain than the rest of it and fork like that. when some random idiot copy pastes bitcoin code that is not called "split" it is called creating an altcoin. and so far there has been 667 forks of bitcoin creating useless altcoins https://bitcointalk.org/index.php?topic=2292712.0But some Bitcoin Cash people do not believe so. Under the lead of Roger Ver, they say that Bitcoin has already "split" into two. Bitcoin Core and Bitcoin Cash, and one of them is the "real" Bitcoin. The one that maintains "Satoshi's Vision". I do not know if I should laugh or cry. Or maybe we should cry in laughter. well bitcoin cash at least had some hashrate support and some followers so it makes sense to call that a "split" since it somehow matches the definition i gave above. but to call it "real" bitcoin is wrong because "real" bitcoin is the one with majority support, and BCH does not have that if someday BCH gains that then it becomes the "real" bitcoin. but with the recent spam attack against it which lasted nearly 50 hours i think people can realize that the same issues persist on BCH: fees went up from <$0.01 to $0.12 when blocks were full. and blocks became full while normally they are less than 200 kB
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The fees are currently little bit high then usual and you made things worst by collecting funds from faucets, this will just add more size to the transaction.
ohh is it right ? so I made everything getting worst ? yes. you pay the fees based on the size of your transaction in bytes not amount of bitcoin you send. and this size is determined based on how many transaction outputs (the payments you received) you are spending and how many addresses you are paying to. when using a faucet and getting paid tiny amounts you will end up having a huge transaction size when you try to spend it. so you will have to pay a much higher fee.
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The article linked to above was only published today. I wonder if it has anything to do with the decline in the price of bitcoin in the last four hours or so.
only an idiot sells because of this article because it clearly is analyzing the events of 2013 and Mt Gox and it has nothing to do with 2018 and the current price! and i don't think there is anybody left that doesn't already know the fact that Mt Gox was controlling more than 85% of the bitcoin market and used that control to manipulate the price. in comparison, like i have always said, the control of a single exchange today is less than 10% of the market. by the way the article was published 2 weeks ago! I can't access the paper because you either need a) proper credentials or b) to pay for it.
http://weis2017.econinfosec.org/wp-content/uploads/sites/3/2017/05/WEIS_2017_paper_21.pdf
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your title is dumb since bitcoin did not split. bitcoin is still bitcoin with 100% of the majority on it. a split means when a big part of the network chooses a different chain than the rest of it and fork like that. when some random idiot copy pastes bitcoin code that is not called "split" it is called creating an altcoin. and so far there has been 667 forks of bitcoin creating useless altcoins https://bitcointalk.org/index.php?topic=2292712.0
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i don't see anything that requires any serious concerns. there are the same issues as there always were such as the scaling issue which has been with us for at least 3 years and now we are just seeing the effects of it in form of a high fee. other than that, with bitcoin keeping the price up even though it has risen more than 1200% in last year is a pretty good sign of a strong demand.
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Having seen the massive rise of cryptocurrency prices in the previous year, I have seen that if one gets a coin at the right time and holds it before the prices pumps up, there would be huge gains. But then, the frequent bearish attitudes of the markets also affords one some gains. Among these two strategies, which is better and which d you recommend?
obviously buying before the pump and selling on top of it is the most profitable one and it may even be easier and faster to make the huge profit thanks to a pump in that coin. but in the end which strategy you choose and in which you are more successful is something that depends on you. some people tend to only buy after the bubble, on top of the pump and lose money each time they do this. but some others can detect thee pumps and take advantage of them properly without getting emotional and hold too long. so if you can do it then go for it.
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- I created a wallet with Electrum (SegWit)
when you were choosing your wallet type in Electrum in this step, there was a warning in the same window telling you why the issue you are facing now is happening. it is because Bech32 address format is not yet widely supported. so when you try to withdraw to that type of address (starting with bc1) that service (coinbase in this case) does not recognize it.
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1. Do you think Regulation have the ability to kill off Bitcoin? 2. How will effect in market price? 3. Do you think we need for some parity between the regulators and the digital currency economy?
1. not it will not kill bitcoin. because bitcoin is decentralized and peer to peer and they even call it censorship resistance. it is created this way so that any regulation, ban,... doesn't affect it. 2 . as you have already seen, it will cause a drop in the price followed by a quick recovery and continuation of the market on the same path. 3. what kind of parity?
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i have never used Hitbtc but i say while there is the biggest scammer called bittrex still listed, that should be your priority. with Yobit at least you know where the problem comes from. they simply don't run wallets for 90% of the altcoins listed there. but if you withdraw the top 30-40 altcoins or bitcoin you will never have any issues and Yobit was never considered trusted to begin with. but bittrex used to be one of the trusted exchanges and one day they decided, ummm free money lets scam thousands of users who trusted us and become rich by robbing them. https://bitcointalk.org/index.php?action=trust;u=96390
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these are some random dudes from Hong Kong who are trying to advertise more for their firm by using the hot topic of these days.
there is not much explanation about how they came up with these numbers, we have to take their word for it and assume their "calculations" are true! most probably they looked at some charts and saw the 2013 thing and then drew some lines on the chart and came up with the specific number $1,780!
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the thing about mining that you are ignoring is the fact that it will ALWAYS remain profitable for miners. if the profit they make goes up, more miners will join the network, difficulty will go up and the profit comes down. if the profit drops, some miners will leave and difficulty drops and it becomes same profitable as always.
also with or without lightning network and with or without any transaction on-chain miners are currently earning nearly $170,000 per block they find. and it has been more than they need to profit from mining.
regarding LN, it will not do anything to on-chain transactions. there still is going to be a lot of on-chain transactions going on and LN will even add more to it because you need to open and close channels.
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is it just talk or is there actually some law confirmed to do this? since you provided us with no information or source and i couldn't find anything either i will assume it is just some dude from the government or possibly a bank talking about this kind of prohibition. in which case this is not new and nobody cares what they say until it becomes a law. then it only becomes harder to invest in cryptocurrencies but not impossible. the handful of countries that actually have such laws have proved this already.
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Most probably as terms of payment and not Bitcoin as a whole. Bitcoin will never be over even if the tx fees are very high. Yeah I guess bitcoin is dead for payments and other small transactions.
Lol bitcoin is dead as a payment since years , no one uses bitcoin for payment nowadays seriously? years? where were you ~2 months ago when fees were low and 1 satoshi/byte transactions were confirming in next block? the spam attack started around that time and has been going on ever since. it have never been "years" the spam attacks each time take a month or two. and this time is the longest one so far.
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~ Not in this case. BTC/BCH addresses are the same, as BCH is a Bitcoin fork. You can actually use the same address to receive and spend both coins.
recently they added a new format for bitcoin cash addresses to prevent this, although the old address format which is shared with bitcoin will always be usable and the issues will persist. the new format looks weird too! bitcoincash:qpm2qsznhks23z7629mms6s4cwef74vcwvy22gdx6a
the word "bitcoincash:" is a part of the address format!
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