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I think the Chinese government is testing the grounds for all the other governments that want to do exactly the same. Since Bitcoin cannot be controlled, banned or modified since its protocol works in very peculiar ways they only have one major target to tackle: exchanges (the gateways, the third party involved).
As long as people will need to exchange btc for fiat, governments will always have a say. Let's not be stupid, we all know this.
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This coin reminds me of Monero in 2015. Trading volume was almost dead, people were leaving Monero and everyone was yelling Monero is dead. Well apparently it was the time to accumulate.  1 Monero in 2015: $0.50 1 MBYTE now: $0.25 1 Monero now: $94.38 If growth like that is going to happen, then indeed GBYTE should be replaced by MBYTE on exchanges. $47000 per GBYTE means you pay your restaurant bill for 0.001 GBYTE, that makes 1 MBYTE as default more convenient. Then again, Tony's screenshot with the pizza-order always shows 100,000 bytes for a pizza, with mass-adoption we could switch to just prices in bytes. I'm not saying Byteball is dead now though, it's just not hyped. I don't think this comparison holds steady for the following reasons: 1. Byteball is not like Monero (yes Blackbytes let us do private payments but Monero is publicly traded on exchanges); 2. Monero has a huge community compared to Byteball and more devs work on it; 3. Byteball has a fixed supply based on airdrops, while Monero is still mineable I am here since the beginning, I believe Byteball needs a bit more time and recognition (and maybe some other exchanges that will list it). But eventually the good will out, I'm sure. It looks to me one of the most advanced coins out there. my 2 bytes |
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Bearstamp @ $ 4287 and trading volume is slowing down. Unless something unexpected happens this is going to be a calm Sunday. However, I was wandering without plans on the internet while searching for other stuff while I came across this page https://www.investing.com/currencies/btc-usd-technicalI did not know about it and I am still very surprised to see that Investing covers so much the crypto world! |
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 As you can see the value transmitted on the Bitcoin blockchain is closely tied to its network valuation. The idea that we can use the money flowing through the network as a proxy for network valuation is valid. We can express this as a ratio. I call it NVT Ratio, short for Network Value to Transactions Ratio. Below is a historic chart of Bitcoin’s NVT ratio. A live and interactive chart is available on my site at http://woobull.comArticle @ https://www.forbes.com/sites/wwoo/2017/09/29/is-bitcoin-in-a-bubble-check-the-nvt-ratio/ |
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Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.
I just don't know.
Pick a small % (somewhere between 5 and 20%) and a starting price. Every time price doubles from your starting price, sell your chosen percent. Use a spreadsheet to pick the percent that gives you a mix of fiat and btc you can live with, assuming the wildest valuation you can think of, then stick with it. If you have spare fiat, buy a fixed $ (or euro, or whatever) amount every week. Then relax and enjoy the ride. Food for thought. Thanks. I finally have something to study during the dumps. Excellent contribution guys and well done to those who thought about such sites. The road to early retirement is still long but with the good incentives and the right plan that is not impossible to achieve. You all know that one day one BTC is going to be priced one BTC anyway |
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No way!  Now I know how to lose all of my byteballs eventually. Joking aside, I think the betting bot is a truly great add. I mean this coin has so much than meets the eye. It's only a matter of time before many more people will realize its potential. Glad to started getting byteballs since the very first airdrop. Keep up the good work all of you |
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Jamie Dimon, JP Morgan CEO, made quite a headline splash last week when he proclaimed “Bitcoin ‘is a Fraud“. Is Bitcoin a fraud? Or are dollars, euros, yen, and yuan a collective set of frauds? Which, if any are Ponzi schemes? Modern Finance is the Fraud In an article that I wish I had written myself, Viktor Shvets, head of Macquarie’s AsiaPac equity strategy, accurately explains “Modern Finance”, Not Bitcoin, Is The Real Fraud. Paragraphs rearranged for clarity. “Bitcoin is a sort of tulip… it is an instrument of speculation but certainly not a currency and we don’t see it as a threat to central bank policy.” Vitor Constancio, ECB Vice President, September 2017 More @ https://www.fxstreet.com/analysis/bitcoin-vs-dollars-which-one-is-a-fraud-which-one-is-a-ponzi-scheme-201709290507 |
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I think it would be cool if there were an airdrop to other alts to spark interest (one time)
Maybe Bitshares, LSK, other ones with public chains.
I disagree. There has been plenty of time to get onboard and I totally feel now it's the right time to reward Byteball users/merchants/holders only. I don't see good reasons to implement what you suggest. We need more trading volume for Byteball only to attract new speculators (yes, they are good tools to get a coin reach its potential). my two cents though |
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Those italians at Osteria Trullo really believe in Byteball. They even created and printed a flyer to foster curiosity into their customers. I wonder what those who don't know shit about bitcoin/byteball and crypto in general would think of this. It would be nice to have some first hand knowledge from those guys. Good luck to them! Nice move |
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I love this thread Reading all the posts that brought us to kids, CPR and all the rest of it is amazing. Ok back to business: below a truly relevant post that in my opionin needs to be highlighted. Wall Street analyst unleashes on Jamie Dimon and everyone else calling bitcoin a fraudhttp://www.businessinsider.com/bitcoin-price-bubble-tulips-2017-9"If one describes Bitcoin as a fraud, how would one describe a ‘financial cloud’ that is at least 4x-5x larger than the underlying economies? It is unlikely that US$400 trillion+ of financial instruments circulating around the world would ever be repaid and most are now backed by assets that are already either worthless or are diminishing in value. How does one describe rates and the yield curve that are either directly determined by CBs (BoJ or PBoC) or heavily influenced by them (Fed or ECB)? People living in glass houses should not throw stones."
If I recall it correctly Bitcoin was born on 2009 with this very statement in mind The Times 03/Jan/2009 Chancellor on brink of second bailout for banks All this tells me Bitcoin is on the right track and I hope it'll stick to it. |
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Whales come and go. It's been almost a year I am playing on SD and I've seen a lot of them rekt on SD. On the long run the variable edge is looking good.
Latest SD troubles have been site related issues (with investors and players who moved somewhere else).
By the way, is anybody having troubles logging in via Seuntjies DiceBot? With the latest version 3.3.9 I have been able to log in and play for a few days and since yesterday I get an error everytime I try to connect.
SD are you aware of this?
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Not that I'm complaining about the price ($4,247 USD/BTC @ GDAX at time of this post), but I'm not sure what's driving this latest rally.
Any ideas ?
Also, nice to see RogerBucks back down to position #4 below Ripple.
What is very surprising is the XRP spike up. I know many banks are stocking XRPs for further developments (it looks like every major bank is getting a few ripple nodes to play with) but still that does not explain it fully. As of RogerCash, being left behind Ripple/Ethereum is very sad |
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My note: It looks like Forbes is giving a massive media coverage to all major bitcoin news. The big guys are in. Interesting Bitcoin traders have got a couple of things right lately. The digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings. More @ https://www.forbes.com/sites/panosmourdoukoutas/2017/09/27/bitcoin-prices-firmly-above-4000-without-china/ |
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Come on Bitcoin give us 5K since we have already seen 4K.
The last 10 floor to floor Bitcoin doublings since Nov 2012.
Average doubling time: 6 months
Shortest doubling time: 1 month ($20 to $40)
Longest doubling time: 18 months ($80 to $160)
$25k will be a Breeze. Yes, you can quote me on that. Done! Quoted as well. I mean 25K is gonna be epic so we must save the memory of these revamping bull runs. Hold on and fasten your seat belt gentlemen. It's still very funny to watch how enthusiastic all the alts supporters are when the btc train paves them the way. No BTC, no party. We all know. |
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Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900. The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.
Stability has always fueled the Bitcoin rocket. It took a lot of dumps and sideways back in 2014/2015 to build the foundations of today price levels. The rocket needs to refuel every once in a while because all of you know that every bull run is so much fun. Go back in this thread to see what it was like during the 4K escalation a while ago. Holding the keys is the key |
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Akin to how metals and other commodities are extracted, digital currencies follow a similar pattern through an activity defined as “mining”. The process describes the efforts undertaken to unlock more units of a digital currency. These activities involve the solving of increasingly complex mathematical problems for which miners are compensated with a certain amount of the digital currency for their efforts. More @ http://www.investopedia.com/-/what-happens-if-china-bans-bitcoin-mining-3-scenarios |
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While much of the world remains unaware or skeptical, Bitcoin and its crypto-cousins are quietly building a parallel financial system. It’s a friction-less system of economic networks with global 24/7 availability and advanced functionality that, in many respects, already exceeds the capabilities of big banks and legacy financial infrastructure. This rapidly emerging crypto-economic network will become the world’s largest and you, dear reader, will one day be an eager and delighted user. More @ https://www.forbes.com/sites/spencerbogart/2017/09/26/bitcoin-ethereum-and-the-parallel-world-of-crypto-finance |
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With coins that share the same protocol/rules/code services like ShapeShift or Changelly will be things of the past. Atomic cross chain transactions will be like exchanging cash p2p with a stranger knowing that those banknotes are not counterfeited. We would only need a nice GUI on most common wallets and voilà, Atomic cross chain txs made easy. Exciting times, indeed.
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@CarltonBanks It's either this Sadly, the majority of people just don't have enough courage (or monetary comprehension) to take Bitcoin seriously. or the fact that Bitcoin is not user-friendly at the moment. I mean it's easy too download a wallet app and start from there. However, what I see is really scaring people away is the fact that THEY OWN the keys and they are afraid not to be able to recover them without a third party. (password recovery etc.) The above is the saddest part  |
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