I mean forks are there and if it goes over it it will increase price right?
It's quite awkward to see similar threads in almost every section. Why did you think, your thread belongs to Economics section when it involves speculation about future? Move it to Speculation section. Ok, now coming to question. First of all forks doesn't shape prices, you can't say if fork happens price will increase or if it doesn't happen price will fall. But it's circumstances leading to fork that shape prices. For say, BCH fork created panic situation therefore prices fallen prior to it but in contrast Segwit2x fork created positive situation hence people bought more that raised price. So prices always depend on current market situations and outlook. We can see price rising again even without involving forks in any kind if something else happen to Bitcoin creating positive impact. |
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Now there are 3 groups, who are trying to control the bitcoin. First the top 6 executive, currently who has all power, and called off the segwit 2x fork. 2nd the mine farm, who also has control 30% of power and 3rd the stakeholder. 1. 6 Top executive who called off the segwit 2x fork 24 hours ago, and within minutes we seen the result of increasing all alt coin as well as bitcoin price, as some where happy it won't be divided. So that means those 6 people has so much power and controlling bitcoin future. Which is not good! 2. Bitcoin miner who want segwit 2x to happens, because they don't want those 6 people control bitcoin, as they also wants power. So they will go ahead with segwit2x fork anyways, it says on their website which can be found here https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.htmlAlso here one group claiming they also will go ahead with the fork: https://bitcoin2x.org/3. Bitcoin stakeholder, they also don't want those 6 people control the bitcoin, and bitcoin transaction is slow, now they want to leave bitcoin and jump into Bitcoin Cash, because it has more power & speed than bitcoin, so they trying to make BCH is the main bitcoin. That's why you see all of sudden all price going down but Bitcoin Cash price going up, because more and more stakeholder moving bitcoin to bitcoin cash. So this is game of power, not sure who will win end of the day but, we the average ppl will lose so much money because of some greedy people. Nicely written topic but I have few objections. You said 6 Top executive heads have control over Bitcoin as when they called off Segwit2X fork, prices of Bitcoin and alts rose. But it was merely a speculative pump for all coins or we can say investors once again disperse their portfolio which they limited to Bitcoin prior to fork cancellation. So in real world, they don't have any control over Bitcoin than just driving the market for a short span as prices are once again under correction. On the other hand, who said BCH growing because people are leaving Bitcoin and jumping to it. There are many more cryptocurrencies faster and cheaper to send than BCH is. So this can't be the reason. It is just a temporary shift and couldn't sustain for long. |
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There was a guy on facebook, he said miners are staging a hashpower-styled coup, apparently miners will be moving to BCH and that will pump BCH up to $6000. This was before BCH started gaining. We(the group) collectively ridiculed him and he was banned from the group. Now this happens..
First of all miners have minimal impact on prices so you can't just blame migration of miners from BTC to BCH to be the reason of price change. It is always market including buyers and sellers that differ prices, however, miners can impact prices indirectly. At present, there is growing buzz about BCH among people due to miner shift that is why price its increasing. But on whole, I never believe BCH is any threat to BTC. BTC is much more developed than BCH and has far more user base. It is nearly impossible for all of them to sell off their BTC and buy BCH. So whatever happening presently is temporary. |
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What are your thoughts?
You can't expect market to be green everyday else if every coin started showing 10-20% rise everyday, investment will double every 7-8th day which is purely unrealistic. Due to sudden cancellation of Segwit fork, people jumped again in alts and bought too much of them which raised price dramatically in very short span but prices were extra-hyped. With time passes, prices are now settling again at right place. |
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I fel how some airdrops are scams trying to get into your wallet. Would it be wise to set up two of them, one for legit trading with altcoins and other for aidrops?
Or I will say why not you all hold your greed for a while and don't participate in Airdrops!! What is Airdrop? A free distribution of valueless tokens which get some value overtime due to speculators and eventually drop back to zero where some gains, some loose. Or in short words, it is a spamming of Crypto market. Let's not make crypto market a joke, if we say Cryptocurrencies are future of money then Airdrops are biggest hurdle in its inception. I would never request MEW to create anything similar so other people can endorse spammy tokens. |
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Somebody can tell me, how can I take Bitcoin from Etherium tokens?  Thanks all. First of all buy few Ethereum (0.01-0.1 according to your need) and send it to your MEW address. Now you will be able to export tokens out of MEW as few ETH is needed to pay GAS. Next search for exchange where your token is listed. Copy the deposit address from that exchange for particular coin you looking for and send tokens from MEW to that address. Now you send sell tokens for BTC on exchange and withdraw BTC to your wallet. For quick search on which exchanges a coin is listed, use CoinMarketCap. If your coin isn't listed on any exchange, you can use EtherDelta exchange as any ETH token can be sold there for ETH. Once you got ETH, sell them on exchange for BTC as discussed above. |
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Hi guys,i just wanna knows that why the transaction fee for bitcoins is increasing everyday.Some days before i send bitcoin to a trader the fee was 0.0005btc but yesterday i repeat the same transaction same amount then the fee was 0.0006 btc. Please correct me if i am posted in wrong section.  An innocent user will say fees is increasing due to rise in number of transactions which created network congestion. Due to network congestion, you need to pay higher fees than others so your transaction confirms earlier than them. A typical Market Demand Curve. But the real cause is always the evil from miners. Due to long scalability debate, miners are now divided in different groups and supporting different scalability solutions, thus different coins. As a result, they keep degrading Bitcoin ecosystem so to boost up their supported coins. |
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Fiat is better than Crypto, for which purpose? This question needs to be more specific.
Both fiat currency and cryptocurrencies have multiple utility. They have different uses like mode of payment, store of value, overseas remittance, pegging and much more. So simply saying fiat to be better than cryptos doesn't answer all the questions. For example, let's talk about store of value, suppose you put $1000 in the box and open box after a year. You will find your $1000 will have lesser purchasing power (real value) as it used to have a year ago. On the other hand if we put $1000 in any big cryptocurrency for a year, your sum will multiply many times.
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Btctalk name: webtricks
Rank: Senior Member
Current post count: 1143
BTC Address: 3P6zaQvzMPDdzyq7UCjdnMRAVpVyNmHLFX
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I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion.
What you think Bitcoin is, an undercover agent? Most of the governments are well aware of Bitcoin and its impact on economy but all major decisions require patience and time to take so they haven't taken any step yet. Also not all governments have negative outlook towards Bitcoin. Some have already endorsed it by legalizing in many spheres. But on the other side, Bitcoin indeed has negative impact on economy in long term. What if everyone steps in billion dollar unregulated Bitcoin economy? Will government able to collect anything in tax? What will happen to development of country? It is always desirable to use Bitcoin over fiat but it is recommended that Bitcoin economy should regulated and legalized. because working bitcoin is very helpful for me especially the support financial. If you are earning few bucks in BTC writing posts here, that doesn't make Bitcoin to be financial saviour! It is just medium of campaign payment and nothing else. |
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It's weird to get a rejection from campaign which I myself left three weeks ago.
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The basis of determining true value without going much deeper in Economics is by taking average of prices worldwide.
As Bitcoin has negligible real value (not zero because of some degree of utility), the only basis of determining value is what buyers wanna pay for it. The demand may differ worldwide due to different outlook and circumstances in different countries. So it is always better to average prices of different nations.
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We currently paying 50-60K sats in fees to make transaction happen. If sat reaches $1, then technically Bitcoin transactions will need $50-60K spend on every transfer. That would certainly be end of Bitcoin.
So technically it isn't possible. Everything has limit, Bitcoin can never reach $100M else it's survival will end.
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BTC was around $300 3 years ago. Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period It is not necessary to hold for 3 years to make that much profit. Alternatively, one can do smart trading. Buying low and then selling high. In this way, person can make much more profit than 20x in such long period as of 3 years. I am doing something similar from last 10-15 months and able to make much more profits than what I would have made if simply hold the Bitcoins. |
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