Another reason not to trust in every single new ICO, not only they are used to be mediocre projects but now we have a new level of scam/negligence going on: ''Oh, look we were amazing but I website and all wallets were hacked! I am sorry your coins are gone, there is nothing we can do. Have a nice day!" Without any kind of supervision over ICO projects, cases like that are bound to happen in the future as well.
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I suggest you stay out. Fiat will give you everything you could ever hope for.
Why would I stay out. Fiat currency will not go up and down 20% in a week. Might go down that much in a week in Nigeria or Valenzuela. Bitcoins is a speculative game at this stage. If you plain on "buy and hold" you are going to get burned.. So far your words hold no ground, bitcoin price history shows that price is growing constantly, as people's awareness and Bitcoin adoption is growing. It is only natural that we also have some sharp turns bumpy roads along the way, scaling upgrade drama is only a temporary inconvenience. Soon it will be over and bitcoin will resume its victory march.
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Dude. I suggest doing your own research and decide yourself. Don't rely on other people's choices and or decisions. Or maybe look at previous threads here and in other forums, and also on reddit. I've seen too much threads like this to be honest.
Unfortunately, the paranoia of Bitcoin users run deep. They are so scared that they suddenly bitcoin will lose all value after August 1 they are not thinking clear anymore. Scaling upgrade, potential split, USAF or SegWit2x activation simply a hot topic right now, similar to how SegWit vs. Bitcoin Unlimited debate was a heated issue back in the day. This is the reason we have all these topics... Op, don't sell bitcoin at all, if anything you ought to buy more coins, because the price is amazing right now. Just remember simply keep your private key to yourself.
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I just read an article which says that for Segwit to be activated 95% of the miners needs to signal support for it and its currently at 49.9%, whiles segwit2x requires 80% and its expected to go through whether it gets to the mark or not on August 1st.
I just want to add that the original Segwit proposal, BIP141, requires 95% threshold - to be activated and this number is kinda impossible to achieve in the real world. We can be almost 100% sure that SegWit2x, considering its current hash rate contribution will be activated before BIP148 in August. Don't belive in any FUD.
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I am not smart contract literate, but as other commented it appears that even simple change of minimum bet requirement requires changing the whole contract. Smart contract functionality was created to improve the system, add some new features and make sure that bets are processed as intended. In the situation when smart contract instead of bringing some kind of advantage becomes a liability instead is not the ideal situation.
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Next days are crucial for the future of bitcoin, hold your coins or even buy some more. BIP91 will start signaling on 21 July and its potential activation will happen on July 25. In the interim, we have another scaling solution represented by BIP148 with the deadline set for 1 August. And we cannot forget that the original Segwit proposal, BIP141, final deadline is 31 July, but we can already forget about it since it requires 95% threshold to pass.
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Op, as much I don't like centralised banking system and I hate thieves who run it, at the same time I don't think that Bitcoin will be better payment option than Credit/debit card. Especially not in its current state, rampant and explosive volatility and negative features like confirmation times and ultra high tx fees. There is simply no way that society will choose bitcoin over centralized payment processors - bitcoin can't replace fiat, it can complete our economy system by giving people the alternative way.
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Some potential reasons behind Bitcoin current low price:
1. We have many people who are not comfortable in holding bitcoin because of August 1st due date. 2. Overall uncertainty about Bitcoin road map and debate how future updates can influence bitcoin. 3. Because bitcoin growth and acceptance we had a high number of new users joining the hype train, these people might dump their coins at first sign of uncertain future.
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ICO token offerings really should be worth a few million dollars at most. Start looking at platforms and genuinely new blockchain innovations like Xtrabytes. As time goes by these ICOs will be loss making. ICO eth token sales really are the new shitcoins. 99% will be worthless in a year.
Degradation and devaluation of ICO scene is only natural outcome of the state where everyone can start their own ICO without any validation, supervision or control. Greed is pushing people to both create mediocre project and users to support ICO in anticipation of fast profit. Both sided usually forgets about main vision and long term prospect.
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Speculation is the force behind cryptocurrency, the market cap is not big enough to not be influenced by speculators. You can say that bitcoin price movement is nothing but pure speculation - bitcoin price cannot be predicted accurately. Until some kind of regulations to the market are introduced this situation won't change.
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Do you think we should buy altcoins now when it is dropping or just wait until it recover back? Also which coin has the most potential nowadays?
Buy bitcoin instead as disregard all this altcoin drama, bitcoin is much reliable and it will be successful in the long run. I don't want to even start and tell you that current BTC price is amazing and it is a perfect entry point - buy when there is blood in the streets. Just don't wait too long, it might be too late when we will have crazy BTC pump after this dump/massive correction will come down to an end.
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And in the meantime, bitcoin's price plummeted and whole cryptocurrency market is glowing red. I don't see any impact of potential problems of fiat economy on bitcoin price at all. In case we will have more negative news come out and the price starts to fall as a result - it will the biggest downward trend we had since bitfinex fail.
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Op, I have no idea if you're trolling or simply seeking attention or have no idea how ICO works. ICO is definitely not the best way to invest your money. I am not trying to deny that we had some really great ICO projects. Ethereum was founded by ICO in 2013, and we have Golem, LISK, Waves and ICONOMI too. On the flipside we have the biggest failure ever: Ethereum's DAO it is the largest ICOin history, this project brought in over $168 million USD. The reason I am not necessarily keen to support every new ICO is simple: it is too hard to tell whether particular ICO will fall in the future. Furthermore, the number of new ICOs is growing rapidly so statistically, in the future, we will have much more failed projects as well.
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For everyone who thinks that bitcoin could be a key factor in reducing world's poverty level - how do you think that could be arranged exactly? The only way I can think of is when someone would donate his/her own bitcoin to a charity - and this method is proven to be rather an ineffective way of helping anyone. In short, you could give out your all Bitcoin and it still won't produce significant or desired effect. The only way to fight poverty is to change the system, the way of thinking and education.
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I will never buy bitcoin at that price of $2500 that will at when BITCOIN price should cross $3000 might be after that I will buy at that price So you would wait for the price of bitcoin to go higher... and you will buy it only when that happens? This is the most illogical argument I have ever seen. What are you? Some kind of person who collects only highly successful and luxury goods and bitcoin needs to cross certain price cap for you to even recognise it? Bitcoin is currently lower than $2200 - this is probably the best time to buy BTC while it is still so cheap.
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So what do you propose? I heard of space program that may send embalmed corpses to space. But it will lead to more junk near Earth
This option would be too extreme, too costly, too complicated and to be honest, we don't need it at all. Christianity allows cremation of the body after death and many Christians prefer this method of burial rite. The only main religion on earth which consider cremation bo be a sin is Islam. Cremation is considered by Islam to be haram, or an unclean practice.
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1. No one wants bitcoin to split, I don't think we have enough of bitcoin terrorist with sufficient hash power which could lead to split. 2. Even if the split will happen, it will be nothing but a minor setback - Ethereum example is really interesting proof of that. 3. All threads about crash, split, end of bitcoin are pure FUD. The only thing we have to fear is... fear itself. Bitcoin will succeed.
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Some of the oldest coins in existence I can remember: Ripple - it was established 2 years after bitcoin. Another old coin is NameCoin and it was launched on the 18th of April 2011 and on 7th of October 2011 Litecoin was launched. At this point, I consider everything launched after 2011 to be not old enough to mention or to brand it as 'old coins': like Doge or ETH.
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ETH,trust me ..i guess ETH will take place of BTC, if BTC don't update
ETH will never take place of bitcoin, this coin is simply a good smart contract platform and not so good monetary system. Ethereum is hardly decentralized and controlled by Vitalik directly, and he said recently that he doesn't trust his creation at all. How foolish people are to follow something that is not even highly regarded even by its own creator?
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Even the price will go as low and hit rock bottom at $1000 there is no need to worry. We had a similar situation before in the past. In 2013 Bitcoin reached $1200 and in 2015 price crashed to like $220 or even less as I remember so even if something similar will happen in the future - circle will repeat. Also remember - fear, uncertainty and doubt about bitcoin future is always a dominant factor, cryptocurrency investors in the great majority are paranoid, selling at first sign of slight problems.
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