some of his questions are interesting... (not radix lol) What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like. |
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I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
These are my thoughts exactly, though I'll start accumulating sub 3k only. If it never gets to sub 3k I'll still be happy. |
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Not liking the current price. I'm still hoping that we just have a sideways market for a while. Something like Masterlucs year long triangle pattern. Honestly though, it doesn't feel like that is going to happen. Looks as though we will be waiting till the next halving, before anything good happens.  Fingers crossed for back to 5 figures though  12 hours ago V8 suggested a bottom of $7,500 this weekend which seems reasonable. Well, I have three bids between current price and $7500. Perhaps I can get a little more corn out of this before the rebound. Hope that I'm not just catching a falling knife all the way down to oblivion. I can handle a bottom at 7500, so long as the damn thing goes back above 10,000 again. |
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Not liking the current price. I'm still hoping that we just have a sideways market for a while. Something like Masterlucs year long triangle pattern. Honestly though, it doesn't feel like that is going to happen. Looks as though we will be waiting till the next halving, before anything good happens. Fingers crossed for back to 5 figures though |
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Does anyone have an idea of when tiered masternodes will be coming in 1 week? 2weeks? month?
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Mem pool almost empty again.
It is amazing to see. going from over 200k down to under 100 at certain points. I don't think an empty mempool is a bullish sign, but, hard to tell since most of those 200k transactions at the height were spam. To me, an empty mem pool is bearish. Shows low volume. Big spikes seems to mean big price movements. I am associating very high priced fee movements with price drops (panic sales) and big spikes without high fees as pumps (organic exchange transactions). seems reasonable, I'll keep an eye on that myself |
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Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.
This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.
Wow, brilliant. Start spreading that idea wherever you can. I will be. |
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Mem pool almost empty again.
It is amazing to see. going from over 200k down to under 100 at certain points. I don't think an empty mempool is a bullish sign, but, hard to tell since most of those 200k transactions at the height were spam. |
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Damn good to see bitcoin making up some ground vs the alts. I'll be much happier when it is around 50% and bitcoin is at 50k  |
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Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.
I think it was something said during the war. Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers). |
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Yeah that probably like everyone’s story in here...., So Many naysayers or most Classic ITS TOO LATE NOW ..., i still got a few friends i would like too see Going into bitlandia..... but Yeah iT is what iT is
But that means you have less competitors on the market. You can find a positive trait in everything.  Let people live their lifes, give a chance but if the answer is "no" - let it go. Dogecoin, an utter joke, always has been, always will be.
At least is still decentralized, and the inflation rate is known. There are several worse scams in the top 10 cryptos, not to say of the rest. Took the words out of my mouth. It's still lot of garbage coins around and compare to them Dogecoin looks fine. I'm not saying dogecoin is the worst shitcoin, it was just mentioned, so I used it in my example. Of course there are worse. In the top 10 ripple being the standout. |
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Doesn't matter what I think, and as you said "people who understand the value of bitcoin". Newbies don't understand shit, but, they do understand metrics like market cap, so it will hurt bitcoin. If bitcoin is not number one on the shitty marketcap metric that will hurt bitcoin adoption plain and simple.
What do the advertisers say? "you don't need a good product, just good marketing"
In that case, bitcoin was fucked from day one. 21 million coins for the entire world economy was never going to work. Most world citizens (>99%) have never had $8750 at one time in their lives. They will never buy bitcoin at that price. They will buy Ripple for $1 instead. EDIT: Yes, I know they are divisible but the average idiot can't comprehend that. The real problem though is that the idiots don't understand the importance or decentralization, lack of a central authority, deflationary monetary system, developer talent, trustless, and so on. Bitcoin is the best coin without a doubt in my opinion. But, how in the fuck can we get mass adoption, when most people still think the media, and governments are the good guys. Crypto will get mass adoption, but, I fear that it will be a bullshit coin supported by the banks, media, and governments. |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard. I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit. Market cap and bitcoin dominance can be a misleading indicator for all the reasons that you already stated... so in that regard, people who understand the value of bitcoin are going to realize that bitcoin is the one to buy rather than gambling on those many other alt coins - and useful also NOT to get distracted by coinmarket cap, at least in terms of informing you about the dominance of BTC's fundamentals in comparison to any (and all) of the other coins. Doesn't matter what I think, and as you said "people who understand the value of bitcoin". Newbies don't understand shit, but, they do understand metrics like market cap, so it will hurt bitcoin. If bitcoin is not number one on the shitty marketcap metric that will hurt bitcoin adoption plain and simple. What do the advertisers say? "you don't need a good product, just good marketing" |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes. With the number of coins slowly losing dominance over time is expected, but, this loss has been quick. What's more, we are likely close to another coin becoming the market leader. Can you imagine that, A banker coin like ripple, and a broken dictator coin like ethereum becoming the peoples choice. I should never of expected different I guess, most people in this world are dumb arse sheep only care about profits rather than making the financial system better. This effect is bound to accelerate with the growth of the overall crypto market. The more people buy into Bitcoin, the more people will find interest in altcoins and the larger the potential volume that can trigger growth in altcoins will become. It's a snowball effect. A question that I find interesting is whether or not Bitcoin will regain dominance massively once the "big crash" comes and useless shitcoins as well as all the ponzis and scams get obliterated. If a big crash happens. They might just drop off one by one, only to be replaced by more new entrants. |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge
I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit. Altcoins are predominantly denominated in BTC. So when BTC goes up by X%, alts will usually go up by at least X% as well in terms of USD. This will cause people to think that alts are entering a bull run, which might trigger buy orders that will drive up their price in terms of BTC as well, which will ultimately lead to a price rise above the X% of BTC in terms of USD. Why is that happening only now and not before? |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes. With the number of coins slowly losing dominance over time is expected, but, this loss has been quick. What's more, we are likely close to another coin becoming the market leader. Can you imagine that, A banker coin like ripple, and a broken dictator coin like ethereum becoming the peoples choice. I should never of expected different I guess, most people in this world are dumb arse sheep only care about profits rather than making the financial system better. |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard. I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit. |
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Looks like another day of pain for the stock market. Dow down 2.5% in pre-market.
There's been a decent bounce in the futures overnight, so, maybe won't be too bad. |
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Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?
If bitcoin code would be the only important thing, then there wouldn't be so much whining here about the DOLLAR value of bitcoin So you're stupid then. You see stupid people, like you, concentrate on the short-term for everything, all they can see is the current situation and judge everything and everyone on that. Smart people look into the future and can see long-term trends. Ask all these "whining" people where they think bitcoin will be in the future. Then come back in 10 years time and see what has happened. |
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Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.
The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.
Shit, your meant to be a legendary member. You should understand this.
Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone. This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life. For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system. An escape for the poor doesn't mean they need to be rich dickhead. It means that the rich can no longer screw them financially by rigging the system. The amount of money one has is irrelevant, what is relevant is having a home, food, safety, equal opportunity, and most importantly not being abused by those who are meant to govern in their interest. Of course there will always be people who richer than others, and who gives a shit if the early adopters make a tonne of cash by sitting on their ass. These people being rich doesn't change what Bitcoin is. Rigging the system like with mtgox and tether?  I can see why you probably get abused by other people. Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned? |
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