I am just curious why a lot of copycats in this cryptoworld, previously exchanges are not known to have their own coins, I remember trading with exchanges like Poloniex, Bittrex, bleutrade, cryptopia, coinexchange, etc and they were not known to have their coins.
It happens that most exchanges this period are now launching exchange coins and ICO, noticed that some exchanges that do not previously had their coins are internally launching theirs, an example is hotbit. I know this was due to the success of Binance coin. What baffles me is that most of these exchange coins do not have any other use case aside from being exchange coins and they promise to reward some users with it.
There are lot of copycats because cryptoworld is unregulated on most part. I can't tell if all crypto exchnages would have their own coin/ICO, but they are likely to enforce KYC on its users. It makes sense why some exchanges need to raise funds, but if all exchanges could do it, then we will only see useless sites in the name of exchanges popping up and asking for investor's money and run away. |
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What do you guys think about community driven projects, that did no ICO, instead airdrop most of their tokens to their members? Most coins I came across in this "niche" are privacy coins with quick & untraceable transactions. They usually offer limited total supply somewhere in region of couple of millions. There are/were a couple out there that I know of.
Prime example of this was Deep Onion, that have made many people 10s of thousands (even more) of USD when sold around ATH.
But on the other hand, there were a lot of scams here too. Projects got listed on exchanges, teams sold of their tokens, never developed their projects and left with money.
What do you guys think of these projects? Do you have a favorite one you are part of? My favorits now are Privcy and Metacash. Both have white paper released and both have active teams behind them, Privcy in particular.
I didn't even knew that these Non-icos were a thing. However most of these non-ICOs are shill projects. I don't trust them, but that's just my opinion. There could be better projects but their potential is just never fully utilized. Airdrops aren't any better, they attract more idiots than smart people towards any project. They aren't driven by community, so its hard to argue if they are actually good or not. |
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I see this post all the time, people who keep saying that bitcoin will soon disappear or we are about to see the end of bitcoin. I read somewhere that the price of bitcoin this year is not the lowest since bitcoin's inception. It has dipped lower before, if I remember correctly, it was 80% drop. With that in mind, how could people say that bitcoin is about to cease existence? If it can survive an 80% drop, surely it can survive the drop this year, right?
That 80% drop was years ago, hardly anybody knew what bitcoin was at that time.. Bitcoin is more popular now and people can more easily just dump it. They don't even have to try that hard, because dumps have become an actual thing and are "consistent". What people say is useless nonsense most of the time. Bitcoin won't cease to exist for a few years at least, because it has support to back it up. There are so many hodlers who are waiting to sell bitcoin at a higher price and bitcoin is slowly getting adopted. So bitcoin won't die all of a sudden. |
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I've read that Facebook is going to have its cryptocurrency https://cryptobriefing.com/ready-for-facebook-coin/Since Facebook and Mark Zuckerberg as an entity is highly influential, do you think it would bring crypto in a positive light? I am thinking that it may raise awareness of cryptocurrency as a whole and not just bitcoin. First off, it's not even confirmed if Facebook is actually planning to have its crypto. Facebook doesn't need a crypto for its platform, so it's weird if they actually go ahead and have their own cryptocurrency. Now, even if they do, it's not going to affect a lot. It's very subjective actually. If the coin is used for a popular means, then who knows, more people will buy or use crypto. Otherwise the affect is gonna be negligible. |
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Well, it's a good strategy by Google, they aren't letting fucking scammers advertise on their platforms. But this should have nothing to do with bitcoin or its price. Because it's a fucking ad spot at the end of the day. If price gets influenced by that, then we can all possibly conclude that the market is handled by stupid idiotic 12 years old. |
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Today I read this article..... https://www.ccn.com/bitcoins-electricity-usage-could-power-all-of-austria-in-the-future/It says in 2018 Bitcoin mining may consume 0.5% of world’s electricity in 2018. I think this is because the mechanism "PoW" of Bitcoin. It costs a lot of power. And it looks like this statistics only includes Bitcoin, but there are still other coins can be mined. I am sure for some people this is not environment-friendly and this could be used as the reason to restrict Bitcoin. Will this affect the future of Bitcoin? or will there be any new energy-saving mining method for Bitcoin or other coins? How do you think about this? Mining bitcoin is now a old school thing. You can't realistically mine bitcoin's and get a nice chunk of it. Not to mention how much the difficulty level of bitcoin is and how costly it is to mine a single bitcoin. Bitcoin isn't environmental friendly exactly because not every single miner would be able to use solar power, so hence they'd obviously use normal electricity, which is a big let down. |
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Just as every database, this database is an organized collection of data which provides information about some aspect of reality, in this case the ownership of things. Alice, Bob, Steve and Peter own a specific quantity of iPhones, US Dollars, IBM shares and Bitcoins.
Shares is a piece of paper, bitcoin is a digital currency. What would you say if the person holding US$ is having it stored on PayPal, or if the person having iPhones has 2 iPhones that are non-functioning? So, Peter owns 2 numbers and Peter owns number 2. But how can someone own a number?
Ever heard of a digital signature? That's how one can prove they own those bitcoins. Just as every As such, these numbers are valueless on their own, and they can be created out of thin air. On the other hand, electronic devices, borrowers liabilities/collaterals, and company's capital, obviously cannot be created out of thin air. And that is why things (iPhones, US Dollars and IBM Shares) are what have value, not the numbers. Numbers are just symbols that represent/quantify these things and they cannot have value in principle. For e.g. in the case of dollars, it is not the number "20" in the database what Bob owns. He owns a share in the total claims that originated from the total borrowers liabilities. If the total liabilities(debt) in the U.S monetary system is X, Bob owns 20/X of share in claims derived from these liabilities.
You do know that USD is created out of thin air, as in, they are printed limitlessly and yet have people starving to death. Shares and bitcoin, both of their prices are determined by market forces. And shares ARE created out of thin air. Sometimes ownership of a company's capital means nothing. But, in the case of bitcoin, Peter literally owns number "2" in the database, since bitcoin(entry in column C) is just a fancy name for the number in column B and it represents nothing outside the database itself. So, since bitcoin is a number while numbers are only representations of values that exist outside the database, not only that bitcoin has zero value but the term "bitcoin's value" is an oxymoron.
Bitcoin is not just a number, stop misleading people. Its a currency that has now become more of a speculative asset. Bitcoin has value, like it or not. It is not zero, if it was, nobody would be using it, and nobody would be "hodling" it. No one can explain anything to you,if you live in blindspread ignorance. |
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Let's pretend the price explodes on the date you think it will, you sell and then what? You have wasted so much time waiting for something just to lock in some profits. Try to see why Bitcoin is useful and use it.
Bitcoin's biggest gift to the world is that we have a way to hedge failing governments and the financial system. Don't always focus on fiat gains, but try to increase your BTC stack instead.
It's not for nothing that BitMEX has gained a tremendous amount of popularity. People can bet on Bitcoin and altcoins while using BTC to settle all trades, meaning, you'll get your profits paid out in Bitcoin as well.
In other words, just use bitcoin for it was created for, not for a speculative asset. Let's pretend the price explodes on the date you think it will, you sell and then what? You have wasted so much time waiting for something just to lock in some profits. Try to see why Bitcoin is useful and use it.
Well, people think hodling is going to help them retire at age 30,so what's wrong with waiting for 2 years, if they can enjoy for their rest of their lives. This is exactly what people think of bitcoin and nothing but that. The whole community's view of bitcoin needs to change, but I doubt if it ever will. And even if it does, bitcoin might never go back to 20k$,let alone 100,000$ and I million. Because the global economy won't be able to survive a currency that is so volatile,and is widely spent, other currencies or even economies might collapse to it. |
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Army resources is only denotes about the powerful nation but many developing countries have high army force but developed nation have very powerful army foces but as you said the African nation overloaded with much resources but they are not utilizing it because of their government so it again denotes the good and bad politician causes the difference from developed to developing nation.
You just rephrased what I said. High army force? Seriously? Do the governments of the developing countries give those in army weed to survive or to compensate as their salary? Bring up more strong valid points, the ones you have are way too common. |
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Lets get discuss about the differences between the developed nation and the developing nation.
First of all employment is the thing which makes the countries stand out from each other in well developed nation there will be enough employment option will be made by their government according to the population on their country which can increase the better standard of living in that countries but the developing nations are struggling to find the job opportunities for their people.
Its common fucking sense. Employment doesn't do shit. In countries like India more people are employed but they are paid dog-shit. Does that make them a developed country? NO! The main difference between the developing and developed countries is the power they have, especially in terms of arms. African country have a fuckload of resources, but they are underdeveloped. US has little to no resources yet they are over-developed. US can literally destroy countries if they want, but if they do,well its gonna be bad for them too, so that's why they aren't. So the US is more focused on ending African countries economically than going for a war. |
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I believe that this market has never been characterized by great stability, because unlike institutional markets, the crypto market has been much more susceptible to experiencing large inflows or outflows of capital according to the rumors or the emotional aspect of the investors.
And personally I do not think this will change much in the medium term, because the decentralized aspect of the market prevents it from being intervened by regulatory authorities that prevent the speculative manipulation of prices.
Bitcoin is decentralized but it doesn't stop regulation. Governments would just put regulation in different terms, look it up, you'll understand. This stability is rather more concerning than being a good thing. Its very weird, because volatility isn't affecting much,surprisingly. Stability might make people assume that bitcoin is being widely adopted,whilst that isn't the case. P.S, a car dealership accepting bitcoin doesn't make bitcoin a fully-fledged adopted currency. |
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I'm not sure if satoshi makes bitcoin as an alternative payment system, or with the intention to create the best and most used payment system, but this second option is impossible by the bitcoin nature and i will explain why.
I think bitcoin wasn't meant to be the best and most used payment system. Because the supply is limited, so that was never truly the case. It was meant to be an alternative, obviously. If bitcoin want to become the #1 transactions and payment system it would have to be really more powerfull. If we compare the daily transactions banks vs daily transactions bitcoins, then you will understand why i call satoshi visionless: TPS: Transactions Per Second. While bitcoin have blocks each 10 minutes with 2500 transactions aprox, that give us an averange of 4 TPS. We are far away to compete with banks, bitcoin by it self is not able to handle all the transactions the world have, so, maybe is good time to think about the next steps, and get some big goal like substitute banks with btc. But no one say it would be easy  We aren't competing with banks, not for now at least. Visa is a payment processing system,bitcoin is a crypto currency. Big difference there. There are more debit cards than bitcoins, note that I didn't even mention credit cards. Satoshi wasn't visionless exactly, but he shouldn't have left bitcoin thin and dry. He should have been active, devote his time to his best creation. But his privacy was more important to him. |
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Bears went on a fishing expedition which failed. They dumped into thin books, trying to pressure the market down by making new lows. Buyers snapped price back like a rubber band, driving price right back where it came from. That squeezed the bottom shorters, who are scrambling to close their losing shorts now. This kind of action is called a "short squeeze."
In reality what happened is, some idiots tried to influence the price, fucking failed. Some whale or a bull didn't want the dip to be a success so he risked his money. Or people just collectively came together and bought bitcoin(yeah right!).  Probably the best recovery in the history of Bitcoin.
No. Definitely not. This recovery was hardly a recovery. The price shot up only by a couple hundred dollars, not a big difference. |
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The newest fad volatile industry: marijuana stocks. I didn't even know that Marijuana stocks are a thing, and before I know it, stupid fucks enter that market as well. Yes, legal weed is currently in a bubble. People are being just as stupid here as they were with Bitcoin. Canopy currently has a market cap of $12.3 billion on sales TTM sales of just under $88 million. Tilray is far worse with a market cap of $19.7 billion on TTM sales of $27.6 million. Anyone buying Tilray at these prices is making an astoundingly risky bet for what I consider to be very limited upside. The other two companies, Aurora and Aphira, fund their operations by printing shares and devaluing current investors. I consider them to be the spam coin equivalent of the two larger companies. There are dozens of others, these are just four of the largest I consider to be the biggest players.
Insane stats, its a marijuana stock, so people would even bet their entire live savings on it. Part of the reason these companies have to fund acquisitions through share issuance is because they are cut off from a lot of traditional loans and funding by virtue of their business. In the US, for example, none of these companies would be able to get a line of credit or even a bank account because any bank that deals with them would be violating federal law. So they fund acquisitions through the only currency they have available to them: their own stock. It makes sense logically, but it's not something you want to see as a stockholder because your ownership is being rapidly diluted.
As for the market potential, Canada is a very limited market (where these companies are based) but Tilray and Canopy have deals with European countries to export and Canopy is setting up overseas operations for a time when these countries would rather have domestic production over imports, so they are expanding their addressable markets. The US is a major untapped market but I feel like these prices already factor in full federal legalization and a mature market. The valuations are quite lofty.
Canada is definitely not the best markets for marijuana from what I have heard, US would be the best. But its a "federal crime". Lol. Just like the 9/11. But don't worry, the majority of these marijuana stock investors would be from the US, they are just in disguise to protect themselves. |
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Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?
This ain't a big change. Calm down! Its just a price rise by 400$ which is pretty common and people should be knowing that by now. What else does the term "volatility" mean then? The change probably is due to some movements from one cryptocoin market to another, or a minimalistic dump. |
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I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.
Crypto is in very early stage trying to get adopted, its still trying to make an impact on the global economy but is miserably failing to do so. The pessimism that you see is either fake, or is from people who don't like/know about crypto. Ignore them. At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.
Then the article is most definitely fake. Not doubting bitcoin or its potential but 20 most important currencies which includes a decentralized currency is not something you'll see legit sources referring to. |
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this is exactly why the price is not rising yet. it is because all you care about is that fiat you so love and want to increase. you talk about bitcoin's adoption as a currency, you talk about the technology,... but in the end all you care about is profit on your fiat. and that is why price doesn't rise because if you believed in what you said here then you would have been spending bitcoin, encouraging businesses to accept bitcoin all around you,... instead you are waiting for a rise to sell your bags and be rich.
I wonder what people will do,if bitcoin becomes an adopted currency, and its price goes down to 3k or even less. While the possibility of bitcoin adoption,or even for it be accepted as a currency in the mindsets of people goes lower by the day, the optimism that I have for bitcoin to ever be a full-fledged currency is floating here and there. I don't think the price is low because of it being adopted, but rather people don't just want to pump it. This year has been a little too boring for bitcoin's price to actually rise up. |
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I'll explain what's going on.
1. Bitcoin needs to drop in price before people think it's undervalued and start to buy it up.
2. The majority of Alta that are following ethereum and litecoin have to be devalued also (to fall to around 0.007 bitcoin to litecoin - it's actually just below that but I'll get accused of stuff if I give an accurate figure).
Full disclosure: I have less than 0.004 litecoin.
1. It won't happen like that, not many people think from that point of view, but rather they think in terms of profits, and how the trend is going on. So not sure if the price will drop because of bitcoin being undervalued. 2. They don't have to be devalued, if they are, then there will be more shitcoins with more money,the money won't flow into bitcoin. Its just sad that bitcoin is considered as an speculative asset than a currency. |
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Fucking knew it. This is 9 months old. OP is one of the assholes who creates a thread and let's his shills to shitpost here. But did the companies actually start paying their employees in Bitcoin, if anyone ever chose that option? We are already seeing this trend in some important countries. Yes, it is not only happening in Japan.Europe is in too: https://bitcoingarden.org/lithuanian-start-up-paying-salaries-in-crypto/This is really big in fact. If more companies follow, the possible implementations and the price of Bitcoin will probably increase a lot in a short amount of time. Of course, it will be the starting point. We have to wait until Bitcoin stabilizes more before we are really close to a worldwide Cryptocurrency. Lithuania lol. Not really gonna affect anything. Worldwide adoption is years if not decades away. The news isn't as big as you think it is. Read this reply : Better give links to proof. Yea, if it is truth. Bitcoin will replace fiat sooner or later in some parts of field and world. More companies will adopt bitcoin as.the salary. More people will be btc holders.the growth of btc can not be stoped anymore
It's an old news that has been discussed with multiple threads in the forum. The OP is just re-hashing. The workers don't get their full salary in Bitcoin, just a percentage, or just a bonus. If I remember most of the companies doing this are related to IT |
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Gold price was $1660/ounce in 2013. Now Gold is $1200/ounce. Silver fell to $15/ounce from $50/ounce. Stock markets/DOW Jones have gone up from 14000 to 26000.
The cartel of giant banks like Goldman Sachs, JP Morgan, HSBC etc who are worth multi-trillion dollars are nothing but they have all the money from worldwide people which they use to bring down gold and silver price and push up stock markets [money creating money or money from thin air]. The useless wealth management programs offered by these giant banks.
HSBC was involved in $100 billion money laundering.
If worldwide people buy 1 ounce Gold themselves there is no way these giant banks will have the money to crash bullion price and take Apple inc. to $1,000,000,000,000.
Apple Inc. worth is not more than $100 billion.
Gold at $2500/ounce and Silver at $60/ounce is the right price for bullion/precious metals.
It's funny that you mention HSBC in this "cartel". I mean, that's more of a money laundering business than a bank. But hey, that was in like in what, 2011? What you're trying to tell people is sooo unrealistic. By that logic people could buy more valuable things than gold, make recession come to an end, and Bing bang boom: the world's an awesome place to live in. Stop trolling people unnecessarily. |
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