Everyone If it goes to $6k or below but in the long-term, it will go up. has his own point of view about BTC but I think BTC is really good for investment. As we know blockchain is a newly developed industry and capital is also increasing. If you compare BTC capital from 2016 to 2019 you can see a huge difference as long as capital keeps increasing we will have more chances that it will go up. It already makes a high last year around $20k which will be it's the first target, for now, just keep it buying on dips. So, the bottom line is investing in BTC is the wise and right choice because the world is moving forward to the new era of digital currency.
You are very optimistic on bitcoin and that is the kind of attitude that is needed to keep the bulls from roaring its head though we could not also close our eyes with the things going in the real market. Yes, every dip is a big opportunity to buy more and hodl. Hopefully, we can see bitcoin soon hitting the $10,000 zone and beyond. |
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Theoretically miners could refuse to mine a transaction that attempted to move stolen coins, but you'd need the majority to refuse and it's not as if they all work closely together. It also would be probably down to pools to do it as many miners won't check what they're actually processing.
Since they're only in it for the money you could include a ginormous fee to tempt them and I believe that's happened with hacks in the past.
Theoretically some entity can give miners a signed transaction with a good reward, and ask them to mine it if some unauthorized withdrawal is made from their wallet while hacker's transaction is still in the mempool, but it still requires a large amount of miners (ideally - having all miners on board), and the reward should be bigger than what hackers will offer, otherwise miners will be tempted to include hacker's transaction. It also requires real-time coordination with miners, to tell them whether transaction is authorized or not, and any delay just increases the chance that malicious transaction will get confirmed. The efforts needed to get miners to act united on the hacked coins can be gargantuan and if it were possible maybe exchanges who were victims of hacking to the tune of millions in dollars might have done this. In other words, it seems impossible as there is no agreed protocol on this problem. We can never obliged miners to agree to do this. |
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I am trying to share my research and discoveries with my fellow traders. Trading crypto is not hard when you understand how its cash flow works. How could you invest in a stock without knowing its cash flow and asset balances? I will post my personal bitcoin history tomorrow to let people know just how much I could have saved with knowledge of the price floor and speculation levels. It is a gross amount of money  lol I think I am learning a thing or two with your post here. I am interested to know more on bitcoin fundamentals as it can be a good guide in investing with bitcoin. Now, looking at the current price of bitcoin, do you think it can still safe to enter the bitcoin mania or not anymore? |
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Thanks for updating the list as much as you can. The listicle is a big monument of the weakness and savage of human nature if given the opportunity to strike. I am sure that the list will continue to expand as months and years go by as hackers are seemingly two steps ahead of the game. I am particularly awed at the Allinvain Theftwhich was discussed right in this forum. As the saying goes: Nobody can really be too careful.
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"...the gig economy is fast becoming the main source of employment for people all over the world; facilitated in no small part by the Internet’s ability to connect remote workers with prospective employers. At the time of writing, over a third of Europeans and Americans are working as independent contractors in the gig economy. That number is set to rise to 50% by 2020, and there is now growing pressure on the existing economic infrastructure to keep pace with that rise. With the rise of Bitcoin and other cryptocurrencies, can the blockchain help facilitate a new form of employment and help workers around the world earn a fair living from their efforts?" Further Read: https://blockonomi.com/cryptocurrency-gig-economy/The growing gig economy is firstly facilitated by the birth and massive adoption of internet connectivity anywhere in the globe...this remains to this day an evolving revolution that pole-vault many industries into what they are today. What was previously impossible is now one of the best options for people to work, to study and even to play. The coming of bitcoin 10 years ago put a very important layer on top of the internet hence bitcoin has become the money of the internet greatly enhancing the gig economy as anyone can seamlessly be paid with this currency wherever he/she can be in the globe. Plus the whole cryptocurrency revolution opened up a big can of opportunities to work and do business with crypto-focused fintech companies. |
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Of course it's bullshit, everything to do with Binance is bullshit. The "System Maintenance Notice" was posted on their website and Twitter ~30 minutes AFTER they went down.
Only the people of Binance really know what can be the score on this matter all we can do is speculate and maybe analyze. They can easily cover the truth if they want to and all users got no choice but to believe them. I am still a loyal fan of Binance though. By the way since it seems you don't love Binance, what is your preferred crypto exchange? |
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so in short there is no way to recover stolen bitcoins and blockchain won't do nothing anyways right
I would presume that in your case blockchain.com will not do anything that can refund your lost fund as they can easily argue that it is not their fault and that the problem must be originating in your end. Good thing that you are able to recover some of your losses and hopefully this can be a big lesson to you and to people who are reading this experience of yours. |
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As of press time, I am having a sigh of relief because bitcoin is back on the $8,000+ zone and hopefully in the next few days there can some pressure for it to go upwards. Now, there is a resurrection of the debate whether Satoshi Nakamoto designed bitcoin from its foundation to be a Store of Value (SoV) or primarily a Peer-to-Peer cash. Both sides are presenting their arguments well with evidence and proofs included.
However, I could not understand...can't we have bitcoin function as both which can make it much better and far more attractive than the physical gold? Or am I missing something here which I probably don't catch up?
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Gold is traditionally considered to be the safe haven by many investors and fund managers especially on times of trouble. When there is that pervading sense of gloom, they are looking for something stable, valuable and reliable thus gold easily comes into the picture. However, there is that digital mirror of gold and we call it bitcoin. Bitcoin is likewise valuable albeit it can be volatile but for someone looking for an opportunity for a greater returns this is the best choice. Thus, if things are turning out to be worse in the global economic scene as the result of the ongoing trade war between superpowers China and USA, many can hop into both the real gold and the digital gold.
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The exciting and wild big bull run in 2017 was attributed by many to the heavy speculations and when bitcoin waned the market panic which partly resulted into the bitcoin winter that affected us in 2018. Now, in 2019, bitcoin started to show its bullish side and this time around it is attributed to FOMO (fear of missing out).
When bitcoin can go beyond the $10,000 psychological barrier, what do you think they will attach it to? I guess the honor will go to aliens (just kidding). Seriously speaking, what can be wrong with these scenarios?
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Aside from the fact that it is a very valuable and proven to be very profitable investment vehicle, bitcoin can makes payment seamless and fast even if one is located in the other half of the globe. I know there can be maybe a faster way to send payment but with bitcoin we are not anymore dealing with financial intermediaries like banks or remittance centers. I know there are also alts that maybe better than bitcoin but since they are not as popular or pervasive as bitcoin they are not called alts for nothing. Now, to make things a little bit romantic, bitcoin is putting the control and freedom right into our fingertips -- something that the government monopolized before.
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Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.
I am quite positive about bitcoin and even some top alts that eventually many countries will be opening up their doors for this new and innovative digital assets to be owned, traded and utilized by the general population. However, we all know the big reality that some countries (example: China, Iraq, North Korea, Russia, MidEast countries and even India) will not easily give up their strong position against cryptocurrency. Will a decade be enough to change their adamant mindset on bitcoin? Let's just hope that it is though I am a little negative on this, to be honest but certainly we can be adding more countries soon that's for sure. So my next question: What are the things or factors that can possibly convince closed countries to change their stance? And is there anything we can help towards that goal? |
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To be fair, predicting the trend of the current cycle and how long it will last is basically like astrology: pseudoscience using established patterns that people follow for guidance. Because of this collective approval of certain patterns in the market, most traders have the notion that x will happen because pattern x1 appeared, hence certain market movements are spotted for a period of time when a pattern is seen. TA for me is applicable for traditional markets as it already established its effects on that area, but for cryptocurrency? I don't think so.
Maybe Technical Analysis can be helping to some extent but should not be relied upon 100% all the time since cryptocurrency remains to be very unpredictable and has this tendency to defy predictions, no wonder some may describe TA as "financial tarot card reading" or just a hit-and-miss kind of thing. One can take at this article for a balanced view on TA. |
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I liked the article generally. It cites some sources, argues for a certain position and makes it seem pretty realistic. But I'd like to address the main problem with it by quoting the last sentence first: It will be very interesting to see the majority of people in the world dramatically improve their lives by taking back control of their finances.
The problem is that while the article predicts the amazing success of Bitcoin, it still ties it up to contemporary institutions like banks. If people have Bitcoin on their bank accounts, I don't think it's right to call it 'taking back control'. The banks are still largely in control, even though not as much as nowadays. Seeing that the Bank as an institution is generally opposing cryptocurrencies (I know there are exceptions, but I am talking about the main banks in major countries), I think that perhaps the banks will finally become obsolete. There will be some price regulators and probably some things that don't exist nowadays, but people won't need banks, because they will be able to store their money themselves. Some might be concerned with robberies, and I think some sort of crypto-related insurances can become a whole new sector, but just not banks. That being said, I am not talking about things in 2050, I think such changes require more time. The idea that there will come a time when traditional banking system can be gone and that the people themselves are becoming like banks seems very ideal from my point of view. However, there must be many changes in the existing financial system to make this big dream come true. Just because we are into cryptocurrency does not automatically mean that we are already taking charge and in control of our finances as there are so many factors involved here. Yes, this can take a whole revolution in itself. And I am hoping that we are starting this revolution today. |
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Big banks need to change their minds fast, otherwise they will crash, as people are already migrating to digital new banks much more friendly to crypto currency than the old ones. If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?
I like that saying: never put all your eggs on the same basket. That is a good thought to remember when you want to invest your money. I see no reason to invest only in btc, although the biggest part of the crypto budget must be on it. It's better to check what are the up trend altcoins and share a percentage of your budget with them. I am sure that right now banks are watching the many developments in the world of cryptocurrency and they are already thinking how they can join the digital revolution. Soon we are witnessing bank-sponsored cryptocurrency (which many can call as pseudo) which they can use in their own ecosystem. As for cryptocurrency, it will always be bitcoin for me though I am also into Eth and XRP. There are actually good coins right now with bigger potential for growth. Sometimes it is just a matter of preference and some analysis. |
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Airdrop
Bitcointalk username : CryptoBry
Telegram username : @BlockZeen
ETH address : 0xff9903661D0611D1263b0E6b5c912a5a4054d21f
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I review some of the details of Pimoncoin and this seems to be interesting to me. I am particularly attracted to the underlying assets that make the token more valuable (in comparison to many others in the market). Let's see if this can be performing well in the next few months. Good luck to all.
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Shower thought. What if it was made to sell all of his and/or Bitmain's billions held in Bitcoin Cash to unsuspecting fiat whales.  Well, this can be a big "IF" question. But in case this can be done then it can greatly affect the price of BCH putting the coin on spiral down...but just like bitcoin days after that event things will be back to normal. However, in the first place why would he do that? |
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the only well-known non-ponzi cloudmining sites are hashnest, bitdeer and genesis-mining.
profitable? do your own research and make calculations.
I read an article which include genesis-mining as one of the most viable and non-scam programs though I have not really explored such an opportunity. Good thing that you mentioned it here. As pointed out honestly, not being scam is different from being profitable so we need be cautious despite some glowing reviews. Here is the article that I am referring to: https://www.buybitcoinworldwide.com/mining/genesis-mining-review/ |
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