what was Charlie Lee doing in Coinbase, i mean what was his position? maybe it is just me but it doesn't make much sense to leave a job at Coinbase just to work on litecoin! it is not like he is the only developer and it is not like they were producing code on their own so far! there is a team and they mostly copy code from bitcoin and as for LN and all the rest of the projects regarding Segwit it is still bitcoin team that is working and contributing to that. Good for Litecoin
The Chinese going to make Litecoin their primary coin from current Ethorium, just like the Russian and Korean making Ethorium their. The Chinese will dump Eth when is the right time to switch for Litecoin.
Not sure if srs. i think he is mostly joking because nobody can really dump etherum apart from its owners since they have been controlling most of the supply so far! and when things like rootstock took the edge from eth they will start dumping. |
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we are making progress, it is not like everyone is just lying around waiting to see what happens.
the problems is, these things take time. you can't expect something as big as bitcoin network which has been growing for 8 years in both miners around the world and millions of users (represented by their opinion and mostly by the nodes they run) to all come to one single consensus over night.
and don't forget about all the road blocks! all the different types of attacks against bitcoin in the media and from known people trying to take control of bitcoin one way or another.
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Rationalizing that ethereum isn't a cryptocurrency? Funny, spends like btc but faster.
because it is not. the developer himself said it  and it is not designed to do it either. i guess you missed it because you were busy only trading it and not caring about much else than profit. and also with your logic 90% of the altcoins are better than bitcoin and by extension ethereum. heck while we are on the subject lets all go use RDD it is super fast and nearly free. you can spend it with zero fees and it will get 10 confirmation in 5 seconds. Lol an idealist promoting money.... Damn you puritans make me laugh.  |
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Rationalizing that ethereum isn't a cryptocurrency? Funny, spends like btc but faster.
because it is not. the developer himself said it and it is not designed to do it either. i guess you missed it because you were busy only trading it and not caring about much else than profit. and also with your logic 90% of the altcoins are better than bitcoin and by extension ethereum. heck while we are on the subject lets all go use RDD it is super fast and nearly free. you can spend it with zero fees and it will get 10 confirmation in 5 seconds. |
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@talkbitcoin
don't get me wrong. Ethereum has a long way to go to build anything close to the trust bitcoin has gained.
I am in it for the long haul and no I have not gotten rich, yet. I think Vitalik is probably in more trouble/minute
than he bargained for and I would not for the life of me want to be in his shoes.
Satoshi was smart not to give his identity away. Vitalik ... well, time will tell.
And it isn't that Bitcoin didn't have its shares of mishaps and major scams.
For example: I do not shed a tear for the GLBSE (Global Bitcoin Stock Exchange) and all its mining contracts.
I view the token sales as nothing more than GLBSE all over again and hope that it will end better this time.
I still chuckle from time to time at what people went through with Butterflylabs or Mt. Gox.
You remember the time when the coins from the Deep Web Drug market Silk Road where suddenly
up for auction and the price had to deal with the sudden availability of more Bitcoins?
I still cry for the sudden disappearance of ASICMINERs Friedcat cause it did loose me a true fortune!
Do you remember Bitcoincourt? A shame it never manifested, we would still need it.
edit: spelling
a couple of third party services working with bitcoin that either got hacked or scammed their users and ran away doesn't mean "bitcoin had mishaps". it means people trusted scumbags and scumbags do what scumbags do best! DAO exploit or the most recent one when that Canadian exchange lost $14 million are called weakness in ethereum protocol and apparently it hapens to be easily exploitable. the fact that it does not happen more often is because people are already giving their money to the scumbags in form of ICOs, and when people are handing their money to you, you don't put on ski masks and rub them with machine guns, that is for when they stop giving you their money freely. |
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don't think too hard about what and why of altcoins behaviors, you won't find any logical answers ever.
- it is a small market
- it is greatly manipulated
- and has a lot of whales, like those who premined or are holding the pre ICO tokens.
- the market is full of newbies
with combination of all these, prices will act irrationally and wild.
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Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.
Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it... haha, so go have fun with your super duper cheap ethereum transaction which is not at all costing nearly $1 to make a transaction these days. and good luck with the next time when some other sleazy genius exploited the platform and caused another "roll back". |
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People in my street speak about bitcoin, not eth.
that is why it is called a pump not people investing in it. and the volume comes from waves of newbies wanting to get rich because they read a paid article on a news site which told them Putin is going to use ethereum and flush ruble down the toilet  and don't you worry about whales, they are not going anywhere someone who has spent years and lots of money to establish a foothold in a market that he understands and can affect is not going to give it up for another market that he may become a little fish in because >70-80% of the supply is already being controlled by their whales. |
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Still some long time and lots of things may happen until the time.
I'm more worried because of August
Yep. I think I will be shifting to full alts before July ends. lol, you mean full altcoin adoption is going to happen in less than a month! and which altcoin would that be? everyone supports a different altcoin if push comes to shove! there are many people who will tell you ripple is the coin to replace bitcoin. there used to be a lot of them saying Dash is the coin to replace bitcoin. there are so much more saying old coins such as litecoin will do it. there are even irrational people who will tell you ethereum is the one! and the funny part is not a single person in any of these groups has ever spend a single coin of any of these altcoins they keep advertising. the only transactions they ever made was from exchanges to their JAXX or other web wallets and back to exchange. |
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i don't know why some people love changing the subject!
this is a speculation topic about the price and the effect that an incident and then the news of that incident can have on the price! is it too hard to stick to topic!
anyways it seems like there has been an additional sell pressure on the market ever since this news came out and the 10K satoshi resistance was broken so i guess it is safe to assume it was indeed effective on the price.
just late for this speculation thinking that 10k is already the downfall and correction will be finished and the price will bounce back again but it seems that the value will keep falling and no one knows how dip it is, so assuming this issue really affects the coin value. i'm not calling it "downfall". but at the same time it is not a "correction" either. it is the period after the pump where the bubble burst and prices come down. now this particular incident as i pointed out in OP has caused an additional "sell pressure" and that is always an important factor to look out for when you are speculating about the price. and it is unfortunate timing that it happened during the dumping phase which will only speed things up. |
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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!
A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though i agree, so far price rise has been very good. despite what some people think it was fast and big, i say it was actually with a lot of small steps if you look at the short term changes. for example it was a $90 rise then about $20 drop aka correction then another $50 rise and slow down and then rise some more. these little corrections of $20 to $60 where price kept dropping were a very good sign of a healthy market in my opinion. that is why i agree with you on this final stage of "consolidation". which is another good sign. |
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any exchange website that you visit has the prices listed in a table that you can compare. they also have charts for each coin individually that you can use.
there are websites such as coinmarketcap, coingecko, bitcoinwisdom, bitcoinaverage ... that take these data from these exchanges and show you the average in a table and have charts also.
you can also visit tradingview and see what options they offer.
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i don't know why some people love changing the subject!
this is a speculation topic about the price and the effect that an incident and then the news of that incident can have on the price! is it too hard to stick to topic!
anyways it seems like there has been an additional sell pressure on the market ever since this news came out and the 10K satoshi resistance was broken so i guess it is safe to assume it was indeed effective on the price.
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a serious bug was found in Coinpayments.net's Ripple wallet that helped many users to withdraw excessive amount of Ripple without even having the balance to support it.
and apparent this bug was exploited by a lot of people. and when people do that, they go ahead and sell those coins before they get caught.
so how low do you think XRP will go because of this dump?
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i doubt it. bitcoin is way too small for a "billionaire" to want to bother investing in. you look at it and think it is too big and profitable but when you have a huge amount of money there are a lot of better ways to invest your money into big things and make a lot more than to invest in a small market and make so little profit. for instance in my country some billionaires are into import export business or have some big factories and are making some profits that we can't even see in our dreams  |
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at first i wanted to say that this is a duplicate topic but thinking about it, if find this topic and some of the answers people sometimes give very funny!
not so long ago, same topics were created here asking what will you do if... and people were saying "i am planning on selling at $1000 because it won't go any higher". now the same thing is happening again but it seems like everyone just clicked Replace("$1000", "$2800")...
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Lately, after May 16, BCN (Bytecoin) price began to rise upto 116% till date.
not a valid argument. i can name at least 500 other altcoins that have gone up the same percentage. BCN has been available since 2012.
not a valid argument again. also: the announcement topic was created in 2014-3 i can't find anything on any exchanges dating back from 2014-6 and lets see, 3 years of being worth less than 10 satoshi and nothing out of it, now it is pumped to 203 satoshi and fell down to 100 range and you are calling it "better than bitcoin"! can i call you a bagholder now? It is more anonymous than BTC.
users have proven that anonymity is not the first thing they are looking for in a cryptocurrency and while coins such as Monero exist, nobody wants an alternative. It is not a bitcoin fork and is completely written from scratch.
good only if true but still is not a valid argument as why you are calling it better than BTC!! BCN uses "Cryptonight" algorithm in contrast to BTC's SHA256 algorithm. What do you think?
and why should a regular user who wants to use it as a "currency" care about it again? |
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most easy? based on number of random 1 satoshi shitcoins listed i have to say Yobit!
the most safe? the top exchanges such as poloniex and bittrex.
in the middle c-cex and cryptopia and novaexchange and a couple others i forgot. you can find all the information on how to add a new coin on their respective websites.
it usually depends on how many people are interested in that coin, how much volume it had. sometimes the code, if it is new or copy paste,...
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with the rate that new altcoin are being created and each of them having billions of coins which makes their market cap at least of a couple of hundred million dollar, i say we either will see a big collapse of the altcoin market (which is contributing to your 100 billion dollar market cap) or we will see a much bigger (bubbly) one in the near future.
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