You think one can wear bitcoin while going to a party? In which context can you compare gold and bitcoin they are two absolutely different things. Here have a look at growth chart of gold  While here is a chart depicting growth made by bitcoin over its life span is  . You can see how sharply has bitcoin rose. This is simple to make you realize that how different they both are from each other. Gold isn't a currency anymore nor is it used as something to back currencies. |
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Is this something normal? Will BTC rise up again?
No its not. The fall in price is perfectly normal but the fall in market cap isn't. It has fallen from 270 billion a day before to 230billion today. This is what making me worried. |
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Its just a pretty tiny correction no need to be worried about it. All you need to have is a sip of coffee while you enjoy the market. Its a daily market hiccup and the market would surely revive strong once again tomorrow. Nowadays a lot of peoples are blaming to market by saying, "Oh shit, Now everyday is a red day""Market is bleeding out". But did you ever heard some one complaining when the market is soo green and everything is so pumped. Not by me. Reasons for this situation. Market was too much pumped last months. But it has to be corrected, this is what going on. Market has started to correct. Also unfortunately some negative news about BTC (can not say negative, but some seems beleive as it is) is on the rumors. That might have helped pushed the marked over the edge. Altcoin coins depending on bitcoin, when bitcoin go up then others go to sleep
Yes this is also a very strong reason as when the btc pumps up people take off their money from alts thus alts are left over to bleed. |
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Hello manager, Its quite unclear for me when my week began? did it began on 4 Dec? or 5 Dec? I applied for the campaign at roughly 10:00 p.m. on 4th December while I was given the notice of acceptance on 5 december 5:00 p.m. How does my joining day becomes 4 December? When will the week end becuase if it ends after 7 days including 4th Dec it will be 10th Dec but I technically got just 6 days for posting. Please clear it.
You're join at 4 Dec and will got paid on 11 Dec ( forum time )
I need 1 Full Member So means my post count will be calculated as per 10th Dec? |
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Hello manager, Its quite unclear for me when my week began? did it began on 4 Dec? or 5 Dec? I applied for the campaign at roughly 10:00 p.m. on 4th December while I was given the notice of acceptance on 5 december 5:00 p.m. How does my joining day becomes 4 December? When will the week end becuase if it ends after 7 days including 4th Dec it will be 10th Dec but I technically got just 6 days for posting. Please clear it.
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Recently I've started thinking that the word "cryptocurrency" does a pretty poor job at describing what it's all about. The "crypto" part does not describe the main properties - decentralization and openness, cryptography is simply a tool for achieving them, and doesn't necessarily bring those properties. "Currency" is a pretty narrow economic term, which refers to money in active circulation, but in our case we have digital units that can have many use cases and most notably they allow building applications on top of them. The "currency" part is also used by opponents to claim that they are in fact inherently worthless by pointing out their high volatility and lack of scalability - two factors that indeed make them almost unusable for daily transactions for average user at the moment.
Thoughts?
very nice thought I must say. Even I was thinking about the very same thing. Considering that every new idea here in the blockchain world is said to be cryptocurrency. Why can't we merely bring up an idea and implement it into blockchain without issuing any fucking ICO and creating a separate trade able coin for it. Cryptocurrency just narrows everyone's thought that its related to currency and financial market whereas it really has nothing to do with real currency as of now. |
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I invested a whole lot of amount in ethereum just a few months back but still regretting the decision my money would have grown much more if kept it in just bitcoin. But for a much longer term I feel ethereum is ultimate. It support numerous alts over it. It has a swift blockchain (mostly) and a much lower fees too. So all in all its ultimate to keep your money in ETH for long term it has a lot of potential to grow much more. However I strongly think that both of them are good in their own perspectives as they have some pecuilar features. Bitcoin - The gold standard in cryptocurrency, scarce supply and in high demand, it will prove especially useful for people living in impoverished, poor or corrupt countries, it is a global currency so it retains it value regardless of the politics your country faces. Bitcoin could be a way for people from third world countries to pay for services and goods reliably for a fair price without government interference. Ethereum - Blockchain development platform, many new cryptocurrencies, applications, programs and even new blockchains will be born and funded thanks to Ethereum. If this was a Gold rush then Ethereum would be the guy selling shovels and pickaxes to the miners. Hi,
I feel bitcoin is too expensive to invest in atm, i was close to buying 5BTC back in September but thought it was expensive then (what a mistake)
I know it could still rise a lot more but with what i have available to invest, isn't gonna be life changing for me.
So I'm looking to invest and hodl altcoins and a lot of people seem to have faith in ETH even though the network had had problems recently.
Anyone think it still has good potential to rise a lot?
of course bitcoin. bitcoin is true long investment . so the best choice to buy and saving or hold is you have to saving bitcoin and i think the bitcoin price in future will be up so hard so prepare to take profit from now Bitcoin might be the best because it has certain long term advantage but once a person invest in bitcoin he immediately realizes that ethereum is destined to have much more gains in long term. |
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Because people become mad when they see such a thing which could give them enormous return in just a few days. I think btc is merely increasing because people want to buy such an investment. No one is really bothered about blockchain or any technology. Currently, koreans are pumping it way too much causing price surge in korean exchanges especially bithumb we saw the same thing done by Indians just a few days ago.
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Hello guys new here and was just wondering about Faucets when I first dabbled in bitcoin it was around £180 and Faucets didn’t seem worth while at the time but now the price up BTC has risen a lot seems could be worth more of my time as it wasn’t in the past the time scale to earn 1BTc or half or Quarter would still be the sameness but the value would be a lot more what you guys think??
With BTC price going seemingly up every satoshi is worth it but faucets take this thing quite seriously they seriously expend 10-12 sats for every job. But then comes another major problem that they don't allow you to withdraw small amounts. So you end up working for weeks and months without no real money. |
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Lets Discus! recently, I noticed that some Cryptocurrency moves in the cannabis industry experienced a very large grow up this week. This cannabis plant is still a lot of countries that can not legalization and debate about this plant, Because this type of plant belonging to one of narcotics. recently. I searched for more information and I found interesting things that could be useful for treating gains in medicine, I also read an article that contained about marijuana plants in embroidered cloth (I'm not really sure about it initially  ). this is cryptocurrency within the cannabis industry: (Potcoin, HempCoin, DopeCoin) I hope this helps  Aren't we making this just too foolish? We get any thing and we just make an ICO out of it? I know that marijuana is good but making an ICO or coin for it is really foolishness if one really wants to trade in it bitcoin is enough and if you think of raising an ICO for buying large fields to plant marijuana I think you are quite mistaken. |
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What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
I am not too much into speculation or such things but I think that bitcoin will not be able to survive until then. I have been mining bitcoin in past but still feel the same. Reasons are endless and we all know that these reasons are enough to challenge the longevity of bitcoin. ever increasing transaction fees and transaction time is just a very small example. As per the network so designed its not possible that all bitcoins could be mined before 2138 but we all know that technology grows everyday so won't be surprised to see all the bitcoins mined pretty sooner than this date. but as for their existence just can't guarantee that. maybe its value just might remain around $1000. |
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XRP is much more solid than any other crypto available it has a great block-chain with a robust network. It is non mine able so ensure that no one gets the mine the whole of it. It is much more rigid too. But the only problem with ripple is that its way too centralized it has some amount of supply which can be unleashed any time which would reduce the market price with great quantum. Then comes the problem on identity. People on XRP blockchain are somehow traceable too. So it creates another problem for the users. In short XRP violates many rules of an ideal P2P network. Saying this it must also be noted that XRP has stayed too strong in times of great decline and stayed too rigid in times of great boom too. This means that it almost nil when it comes to volatility of a coin. What do you all think of the future of XRP? I believe Ripple will be successful but that banks will use their own token for transactions instead of XRP due to the high volatility of listed crypto tokens.
What do you think?
ripple is the banksters scamcoin, it will not have a big future, the banks had their past, with ripple they now want to create something valuable out of thin air to leech on the economy, i dont even take ripple serious i see it as a provocation Your opinion is quite much of an conservative who has been trapped inside a "block" all you no want in life is decentralization. XRP is a good coin and so far the most stable currency with the lowest fees so it can be used for daily transactions too. |
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hello.... i am still newbie and want to know more about bitcoin.
anyone know something about 3rd party bitcoin wallet which we can own private key?
Wallets are always made by third parties unless you are planning to develop your very own wallet. These can range from bitcoin core wallet to electrum wallet for PC and mycelium wallet for Android. You can hold private keys of these wallets and these private keys will be your access keys to these treasures. I have made this answer considering that by third party you don't mean wallets like coin base and coindesk because you obviously can't hold keys to these wallets.
if we want to install bitcoin hardware wallet into cpu or notebook.
how many space do we need? and how much volume data do we need to download?
thanks for someone who has knowledge about that
If you want to install bitcoin hardware wallets like trezor wallet then you just need to plug them in and run the appropiate GUI the wallet seed will be stored in the device itself. But from your details I think you are mistaken between hardware wallet and software wallet. You can easily install any wallet by seeding it into your permanent memory. All you need to remember is the private key. These wallets usually don't require much space not even 40-50 MB because they don't really have an exciting GUI. But first time synchronization with the blockchain network might take a lot of time. |
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People keep on saying its a bubble its a bubble what makes them say this?? Bubble is something which is made absolutely of air. We have a hardcore system and a full proof blockchain network backing bitcoin. Yes its price might burst a lot but it would be wrong to say that it would become valueless some day. For January and coming times I think there is no correction coming. Reason is because the market cap of bitcoin has increased considerably. We have crossed another 100 Billion USD mark in just a week.
Correction comes generally when the people already indulged in this currency raise the price not when there are some new comers in the market. A few days ago Indians were entering the market quite rapidly and now the same is happening in Korea. So my bid is 25K for January. Long live bitcoin!
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Every korean exchange may it be bithumb, Korbit or coinone is showing BTC at 19000. This is simple because korean people or people holding korean currency are demanding BTC much more than rest of the world. This means they are ready to pay much higher price rather than going all way around to exchange their KRW to USD first. If you look at markets closely you might also know that when btc rushed from 10k to 13k the same thing was happening with INR indian markets too. Its just simply becuase people of that particular country are demanding more btc and are even willing to pay a higher price for it.
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But it would decrease the amount of competitiveness in mining. More number of miners will enter the market. Infact everyone would just leave everything and mine because its a "chance" that they might find some bitcoin out of this task with no increased efforts in technology. Along with making bitcoin decentralize it will eliminate its whole purpose to be used as currency.
I disagree: what you described is actually an "unfair competitive advantage" not "competitive". The more people whose get an opportunity to participate, the more competitive it would become, not less. If you create a higher barrier to entry for mining, you are not being competitive, you are a monopoly- same as cheating... Not to be confused between "better technology" vs more capital to purchase large mining farm... [/quote] What I wanted to say with decreased competitiveness was that the quality of competition would fall because the new entrants would not be able to bring equal amount of capital. Better technology doesn't gets build up in the air. One has to invest capital to gain certain technology. But what I meant was that making it like lottery system would decrease the motivational incentive as people would become reluctant in becoming new technology because rewards would be based merely on who mines the 51st block. But if you say that we can normalize difficulty then this would merely bring everyone on mining. And if we imagine a whole crypto world. Everyone would just do mining with their personal computers in hand. There just won't be any other job. By employing everyone on same job you can't say that you are increasing competition to make bitcoin decentralized. |
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did people started with only cpu ? and not with gpu ?
Yes people started merely with CPU mining because the difficulty and competition was so low that mining was too easy. when did gpu mining started ? i mean how many months/years after initial cpu mining started
what i am trying to understand is,
when majority of people were mining with cpu., did some people started mining with gpu and didnt tell anybody just to mine as much as possible in short time., so that only they will benefit from it ?
did something like that happen ?
because gpu mining is just a piece of software and whoever made it public,only after that people came to know about gpu mining,
there is chance that people were already mining with gpu but secretly.
if thats the case.,
what is stopping from people to mine even faster than ASIC, and not tell anybody ? i mean keep it secret.,
or have we reached at the point, that its not easier for averrage joe to get more speed than ASIC ?
sorry for so many questions and bad english., this struck me while i was trying to find the fastest way to create bitcoin address from sha 256 private key .
GPU mining started way back in around 2012 when people often found their processors incapable of mining bitcoins all they were able to do now is heat up. Yes some people did this mining with GPU without telling anyone but as bitcoin adjusts its difficulty every 14 days with concept of 2016 blocks so the people using GPU couldn't make a lot of money for a long time because even if the other people didn't adjusted with their pace the network did. Same is the case today if even one of the person would use some technology latest than ASIC the network would adjust the pace accordingly other miners would see the only person mining a lot of blocks and ultimately secrets come to public. Moreover, most number of times the innovations can't be done in isolation. You need to have some common pool of knowledge to create information. So its very difficult for any one miner alone to set up such a new chip to gain a high rate of mining coins. But yes due to cut-throat competition today in mining there must be some specific tricks or strategy which some miners do to outshine others. And yes an extra added knowledge when satoshi mined the first bitcoin he mined it over 12-13 CPU's with difficult level 1 just think of number of bitcoin he might have mined within the first adjustment of difficulty. |
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