Hard to sit here and watch our BTC fighting off yet another attack from these twat wads. Our baby is wounded but standing strong.
Godspeed.
I do not know what you are talking about the price of bitcoin has gone down somehow but nothing to be alarmed, the price could crash to 3000 dollars and I will not sell any of my bitcoin since that will still be a good price for me, you need to ask yourself the next question, are you willing to hold if bitcoin crashed an 80% in value? If the answer is yes then you are a true holder. |
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How did you decide to buy some altcoins istead of BTC? And Why?
There are a lot of crypto and its not that easy to decide which one to choose. Some still believe that BTC is the best way to invest. However its getting too expensive.
Most altcoins do not have a true purpose and instead are tools to speculate once you understand that simple fact then it gets easier to invest in all kind of exotic altcoins, you need to look for a coin that you think is going to do fine in the next months and years, you look for a strong team of developers and a strong idea and then you invest on it and make money that way. |
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Certainly but not with bitcoin. When cryptocurrencies are actually made to be currencies, that's when they can destroy fiat. Bitcoin's price is high but no one uses it as a currency, fees too high and is just not going to work for bitcoin, other coins however can definitely be used as real currencies, hopefully in the near future.
Many people criticize bitcoin saying it is too slow but those coins that are supposedly faster than bitcoin have no acceptance at all, and that is the most important part of a currency, to be accepted, the speed of transaction is a big issue but not as big as many people make out to be especially since the devs have taken steps already to try to remedy that situation. |
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They are already doing it. Some governments have announced that they will issue their own cryptocurrency and many banks are behind some crypto. In that way, many alts can be threatened but Bitcoin is different because it has a limit of 21 million coins to be issued and because it is decentralized, so it has something to offer that the other cryptos can’t.
For me, governments and banks issuing cryptos is not as dangerous as most of the G20 group countries passing a hard ban on bitcoin.
The Google, Facebook, and Amazon are more dangerous than the government if they decided to implement their own cryptocurrencies. These big companies are trusted by consumers all around world, they have the money and power to make a coin of their own and dominate the market. These companies are influential enough to turn the tides, I just don't know when, or rather it already started like what tether is about now. If they could create their own currency why they have not done so? And the answer is very simple because if they did, their CEO will be prosecuted for minting currency, the reason bitcoin cannot be shut down is that is decentralized while the corporations you are talking are the living image of centralization and monopolies in our era, so corporations are not a real threat at all. Is Disney prosecuted for Disney Dollars? As long as they keep the coins only for their services the government can't do a thing. And nobody will be able to blame them if people instead of using the coins on FB and Amazon are going to hoard them and trade them , like what is happening with Disney $. No, the actual legislation will not be able to prevent them from issuing their own crypto. You know there is a whoppercoin? And is issued by Burger King not a fake altcoin. New regulation is going to be created, this is what happened to casinos a long time ago, at first they used dollars but then the US government banned it them from using dollars, that is why you need to use chips in the casino, but laws regarding those chips were created as well, and if business begin to create their own tokens then it seems obvious we are going to see the 21 century version of what I described happened in the past. |
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Because localbitcoins.com it self don't have the control over the seller on their site. The seller has the authority to change the price which the seller could take advantage of that. That's the bad thing localbitcoins. Some sellers are abusive at their pricing. They price too much compares to exchanges regular price. Others are scammers. So be careful dealing with sellers there. Make sure you check everything before you make order to avoid mistakes which cause you losses. I saw a user here bought $200+ worth of Bitcoin for $875. That's not even on it's half.
At the end of the day if people decide to accept a bad deal that is their fault, this is no different than to look for the best prices for any product, you need to look at different providers and choose the one that has a good combination of reputation and good price, after all bitcoin is about establishing a true free market and if people want to charge a fortune for their bitcoin they can do it. |
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I wont say that those pump and dump groups don't exist, and since crypto trading is so recent, and anyone can take part, we probably still see people getting scammed that way, but I think the effect of those groups are getting smaller and will soon disappear as the market liquidity increases. Big money investors don't need those groups, and they can move markets by themselves right now, and I think that a lot of the pump and dump we are seeing, is done by big whales. They move the market, create a hype around it, and then manage to slowly cash out as other join, because they thing a pumping is happening. All these things will decrease as soon as we have decent market makers in the exchanges, and it would be impossible for big whales, and pump groups to move the market.
Those groups do not target big coins like bitcoin, you need to be a whale to impact the price of bitcoin at all, what they are doing is to look for coins with a very low market cap, those that know what it is going to happen begin to buy coins without arising suspicion then they tell their followers the name of the coin they want pumped and then they cashout and they get the benefits while everyone else gets losses. |
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This is not a new hardfork, they are not the real owners or developers of the ORIGINAL project, they are just thiefs who are going to use the name of Segwitx2 to make profit from theirselves. Even if they are going to develop it, we all know that we can not trust them anymore, it was just a juga-rreta (a bad, but baaad move) from the bitcoin cash developers to try to make all the segwitx2 supporters go ahead and support bcash. I would not be surprised if they do the same again (and this notice is very shady, only because bitcoin cash has increased by more than 33% today) isn't it a huge coincidence? I think that it is not. Most of us were glad that Segwit2x was stopped. It was a reasonable step by the developers. Now it seems, that Segwit2x is still alive. What do you think about this news?
Good to know as if segwit2x did not went through some embarrassing moments now people completely outside of the loop are going to try to make this work, we do not have to be a genius to know that this is not going to be the case and if I did not like it the fork before now there are even more reasons to dislike it even more since it seems this is nothing more than a money grab. |
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Do you use any altcoin for regular transactions? Which one?
I want to know which alt is best when it comes to regular transactions?
It needs to have two major features: Quick transactions and small fees.
So which one is best at that according to you?
Like always there is not a clear answer to this, when it comes to speed of transactions and the fees in my opinion dogecoin cannot be beaten, the problem with dogecoin is that there are not a lot of places where you can use it, litecoin is not as fast but litecoin is a lot more accepted than dogecoin, so if you want the fastest speed choose doge but if you want to not have problems with the acceptance of the coin then pick LTC. |
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It depends on your friend, if he is honest he will pay back your 0.1 btc even after years no matter its value.
Good luck with your friend.
True but there are not many people that are honest enough to pay you back in full, that is why, whenever you make a loan you need to specify a term for the loan, in fact I will recommended following the same practices recommend in the forum, do not lend anyone any money unless they have a collateral that way if they are unable to pay you, you can sell the collateral. |
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It will depends entirely on two things, how big is bitcoin and how big is the economy of the country we are talking about, right now bitcoin is small so it is unlikely that any country is seeing any kind of modification to what they are seeing everyday in their countries but we do not know for how long things are going to keep been like that since as we can see bitcoin is growing very rapidly.
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For me it would be a good economy because it has great value and bitcoin is more convenient to use. How about you what do you think? Share your thougths.
It would be a utopia economy, if you understand what I mean. Such a scenario can never exist because that would mean everyone would learn how to use the internet. This is highly impossible. There are old dudes or even young people who aren't Internet compliant. Also, there are some underdeveloped countries where electricity is a huge problem. Bitcoin can only remain a currency for a selected few. After all, its supply isn't even much. Just a mere 21million is really too small for the entire world if it were to be used as the only global currency. Bitcoin cannot reach everyone because as we know it has limitations but at the same time it is going to reach a lot more people than most currencies of the world since it does not have frontiers, I will not be surprised if bitcoin became a giant among currencies that will be accepted almost anywhere in a situation similar to what happens to the US dollar. |
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Why there are significant differences in current BTC value between different exchanges.
People often talk about supply and demand, but you need to understand that supply and demand are not only general concepts but they can be local concepts, as an example, gasoline may have a price but if suddenly there is a shortage in a city then it is natural that the price will go up since in that particular city gasoline is scarce and the same happens to exchanges and bitcoin. |
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My question is simple that is there any altcoin which is right now less than $10 or $20 has enough potential to rise like etherium or bitcoin or bitcoin cash ?
Looking at the price of the coin is a mistake the most important number is the market cap, now there are very few projects that have any chance to reach that kind of value so if I were you I will be looking for projects with a market cap of ten millions or less, if you choose the right coin you can easily make 10x and if you really hit a home run you could get 100x when the coin reaches 1 billion in market cap. |
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When trading altcoin on exchanges, most people buy alts with bitcoin(Or lets just say they do).
Now with the bitcoin value rising so high, obviously the alts are comparatively at very low in terms of bitcoin invested.
Lets suppose when invested a certain alt was at 1 dollar, and now it is at 5 dollars. That is a huge profit percentage and perfect time to cash in, BUT its value in bitcoin is still less than the value you bought it for months ago.
What do you do now?
You lost money is that simple, if you had held your bitcoin then your earnings would be higher, this shows that while alts can outperform bitcoin in certain circumstances especially since it is easier for an alt to skyrocket there are circumstances like the current one where just investing in bitcoin is your best choice this is why the best you can do is to have a diversified portfolio. |
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I'm looking at Bitcoin charts for the past few days and it looks like a straight flat line. I'm not sure whether to feel happy or sad about this but could this possibly be related to the fact that we now have bitcoin futures? Does this mean bitcoin volatility will be less?
Bitcoin is now at 19k, since you are relatively new to the community one thing you need to understand is that we cannot claim that bitcoin has become stable after a few days also if you look at the amount of people currently in bitcoin and at the potential market that bitcoin has then it is very easy to see that bitcoin is not going to become stable in decades. |
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Hello On Coinmarketcap we can only see the % of the past week, but not of the past month. Do you know where I can find that? I know Cryptoground but there are too few cryptos listed there.  Just make the math yourself, look at the chart 1 month before and look at the market cap, write it down, and now look at the current market cap, write down that too, subtract the two values and the result you get from there divide it using the market cap of 1 month ago then multiply for 100 and you get the percentage. Example current market cap 300million 1 month ago market cap 200million 300-200=100/200=0.5*100=50% increase in the last month. |
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We all know that bitcoin price is being pumped by the biggest bubble ever-the US dollar.
There's an element of truth to this, but I'd like to emphasize that US debt accounts for a less than people think. Easy credit obviously provides an easy way into the cryptocurrency markets, and American libertarians like to point to the US economy first. But the elephant in the room is actually China, especially when you consider their historical position in the mining sector and exchange markets. People with a limited understanding of the situation say that the Chinese economy is a net exporter, and thus that the situation is sustainable. On the contrary, the rise in national output was built on a massive mountain of credit. Total borrowing climbed to about 260 percent of the economy’s size by the end of 2016, up from 162 percent in 2008, and will hit close to 320 percent by 2021 according to Bloomberg Intelligence estimates. Economy-wide debt levels are on track to rank among "the highest in the world," according to Tom Orlik, BI’s Chief Asia Economist.
That path may be what prompted outgoing People’s Bank of China Governor Zhou Xiaochuan to warn of the risk of a plunge in asset values following a debt binge, or a "Minsky Moment," earlier this month. There are multiple global credit bubbles waiting to pop. But like 2008, I don't think a systemic collapse is on the cards. Why you do not think a systemic collapse is on the cards? The economies of the world are even weaker than in that last crisis since the debt they are carrying is huge especially countries like Japan, no country is going to be able to endure the crisis without damage and if one of the powerful countries defaults on his debts the world economy is over. |
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Right now, on GDAX is $361.42 and on Bitfinex $299.01? It's a huge gap between US and Asia! Why?  Most of the time the prices in Asian exchanges are higher than in US exchanges, you must remember that the law of supply and demand applies everywhere, so it is very likely that the demand in those exchanges is enormous but that there is a limited amount of bitcoin in the exchange that makes the price go higher, which means that if you can get your money there you can earn a lot money through arbitraging trading. |
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This is a pretty strange model.In your model only you spends money,the other person just saves his dollar and gives it as a loan to you and you spend it again.How come the other person doesn`t spent his dollar for anything.He has the same needs as you-food,water,clothes...
I guess that your model is wrong.There are better ways to explain the debt economy,you should learn more about the market economy and finance.
You forgot about another scenario in your model.What if you bankrupt and refuse to return the loan to the other person?
His model is actually even easier and more confusing than your explanation (question?). Imagine a 2-person, 2-dollar economy. I have a dollar, and you have a dollar
Now imagine, later, my net worth is -$1, and your net worth is $3, because I spent my $1, borrowed $2 from you and spent another $1, so you have $1 in cash plus $2 in IOU from me.
How could you borrow $2 from me when all I had was $1?  Putting the above aside I agree with your view of the world economy. It's obviously turning into shit as we speak. The EU is destroying itself from the inside by voting for sanctions against countries that refused to take migrants and this is in the time when the EU needs those countries to sustain itself economically after the brexit. They are shooting themselves in the leg. The current situation in the EU is that of a family that had just gone through a divorce and has trouble paying rent, but they take in a bunch of stray dogs that need to be fed and taken care of and is threatening to kick their children out if they don't start taking care of the dogs... One word: nuthouse. In his example he first spend his own dollar which means you have your dollar and the dollar from him that is the way you can borrow him 2 dollars, he is demonstrating how money is multiplied by banks in this example the money is multiplied by 2 but it is known that with fractional reserve banking and banking dollars banks are able to create about 10 dollars for every dollar they receive. |
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The biggest difference is that bitcoin does in fact have an utility while Tulips do not, bitcoin can be used as a currency, yes I know that bitcoin is not the best currency when it comes to the fees but you can use it that way and second it allows you something that did not existed before, you can use a medium of exchange not controlled by governments and that is very valuable in itself.
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