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I have two lines of questions about ethereum and doge, and I hope someone can explain it like I'm five, because all my attempts to find answers have left me more confused:
1) What does ethereum actually do? When I try to find an answer to this, all I get is fluffy language about it's potential and an ungodly amount of hype without any concrete explanation of what it does different than bitcoin. After reading several articles and watching videos of the developers describe it, it's all still so abstract and fluffy that I don't understand it. Everyone talks about how different it is from bitcoin, but I just see another altcoin that thinks it's going to change yada yada like every altcoin before it. Why is ethereum different?
2) I have surmised that ethereum and doge are now somehow connected, and that this is the cause of doge's rapid recent rise (from a market cap of roughly $15 million to now over $45 million and seemingly still rising). I have always viewed doge as a spammy inflation coin that will continue to devalue as it continues to inflate. But the recent tripling in market value has me wondering if my premise needs to be reevaluated, or if this is a temporary fluke. Has ethereum fundamentally changed doge's prospects as a cryptocurrency? And if so, how?
Anyone with a good understanding on either of the above points, please help me understand.
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Somewhere along the line, this thread changed from being about a very broad range of investment assets (as in the the OP) and somehow became strictly about bitcoin. The OP has very little to do with bitcoin. All of you folks posting about bitcoin in relation to this thread read absolutely nothing in this thread: yup... never sell right now, as the price is now moving up again... the good thing to do now is to wait,,,  I don't suggest selling right now the price is too low and unstable at that.
agreed, selling now just for cashing out and not trading is madness, 600$ feels like a certainty but like you said we cant know for sure. but we can believe  Selling right now is madness!
Sell at 600$ in few months if you must but probably we can ses 800 or 900 by the end of this year!
But nothing for sure!
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They have technology and they have estimated that we are right now around peak!
Also don't forget population of the world is rising, so we are not so far from COLD TURKEY
I'd call at least 50 years, and more likely 75-100, far from COLD TURKEY. But that's just me. I'm not prone to hysteria. |
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Won't exactly be cold turkey. The graph looks dramatic, but the drop off spans 50+ years. |
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Once a government like the US will decide to adopt Bitcoin as a currency others will surely follow.
I don't ever see the U.S. adopting Bitcoin as a currency. That would mean replacing the dollar, and it's not going to happen. The government is never going to give up control of the money supply. Currently, the U.S. doesn't ban Bitcoin, and in the future if may agree it is a "currency" instead of property, but that's as close as we'll get to adopting it as the official currency. On November 19th 2013 the US congress actually agreed that Bitcoin was a good thing,
What are you referring to here? |
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Well, lets just hope that government won't intervene with bitcoin and regulate it, but I don't think that they will enter bitcoin world that easy... as we all know, politicians don't care about those that they don't have control... Regulation is inevitable. In the U.S., New York is already regulating Bitcoin businesses, and any exchange in the U.S. also has federal regulations to comply with re: anti-money laundering and KYC regulations. Regulatory scrutiny will only increase as time goes forward. Fighting it is a lost cause. |
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bitcoin can replace fiat in the future . but this will need more stable price
I read a news that china is thinking about degitalize their currency, and that means it is possible
Yes, bitcoin can replace the fiat even it is invented for online use. For virtual/internet use, bitcoin may replace other processors like Paypal and will become the No.1 very soon. Fiat will loose it's own place slowly to bitcoin in upcoming years, this also for sure to happen. I don't think we're anywhere close to Bitcoin surpassing PayPal in transaction volume, especially when you factor out all the gambling and Ponzi scamming Bitcoin is currently used for. If you take transactions that are most indicative of legitimate economic activity (merchant transactions, service payments, etc.) it's not even close. |
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If Bitcoin ever does go that high, then maybe fiat will be worthless, but I doubt it.
Perhaps another way to look at the question is can Bitcoin get that high without fiat becoming worthless? There are a lot of people on these boards who think that Bitcoin can only succeed when fiat fails. I don't share that sentiment, but I wonder if that's what OP was getting at with his question. |
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For those who was asking how oil investing works.. #From the journal # It's great time to invest in to oil. Why? There is no risk involved and also will give a great return. WHY I'm about to buy a specific amount of barels when price will reach right point. I have $11k at a bank acc, which at price $20/b allows me to go long for 500 barels. That's also is a leverage 1:1* (Money managment): Position based on the fact that price will never fall under $1/b ("haha") When price wil reach predicted $180 I will earn difference of $160, which means $160 x b500 = $80k Theoreticaly costs will be from $100 to $2400 as a broker fees. And then just pay %25 in taxes. Your broker (if not very very good one  ) will ask you for a margin, a sum which will support your 500 barrels position. A sum of $800 will be enought. Interesting. Some "brokers" dont asks for a margin , trader pays loses after, ussualy, in 24 hours. And trader can just give an order to buy/sell for ANY ammount position, of oil barels for exemple. That's how people trade at so called "pits" on big exchanges. That how works this great, non risk involved trading, this "price circle" hapens just once in "very long time". Dont miss this time DOnt hestitate to pm if any more questions occurs. *in theory, of course 1:1 leverage technicaly isnt an leverage at all. But that would be 1:14 leverage to the margin ($800) The problem with this example is you can't just buy oil, hold it until it's expensive again, and then easily sell it. If you were buying physical oil, you would have to pay someone to store it for you, because they're not going to do it for free, and you're not going to pay to have oil shipped to you and store it yourself. So you're relegated to buying oil futures. Except oil futures aren't like securities that you can hold forever. Oil futures have expiration dates and you either have to unload them before the expiration date, or take physical delivery of the oil underlying the contract, which brings you back to the problem of storing physical oil. So your example ignores the complexities of buying oil as it is anything but a sure profit. If it was so easy, all the energy traders would be buying oil so fast for that sure profit that we'd hardly have a collapsing price at all. |
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My payment yesterday took 591 minutes to confirm and yet it confirmed, so explain that one. The transaction fee was 0.0002 which is more than my coinbase wallet payments. And explain all the other delayed payments on the blockchain from unrelated payments to unrelated services.
Explain the issues from blockchains twitter account when they said there was a ddos attack and the 14 thousand unconfirmed transactions yesterday.
Explain what? You're not making any sense. I can't figure out what your point is. "My payment yesterday took 591 minutes to confirm and yet it confirmed, so explain that one." It sounds like you explained it plenty. It took 591 minutes to confirm, then it confirmed. End of story? |
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Royal Bank of Scotland economists have urged investors to sell everything except high-quality bonds, warning of a “fairly cataclysmic year ahead.” Writing in a client note dated Jan. 8, the bank’s European rates research team said that clients should be concentrating on return of capital, not return on capital, and that an ominous outlook to the world economy “all looks similar to 2008.”
The Key Points- The note is particularly bearish on China and global commodities, and predicts that oil could fall as low as $16 a barrel.
- In a grim set of predictions, Andrew Roberts, head of European economics, rates & CEEMEA research said that the world has far too much debt to be able to grow well.
- He also warned that advances in technology and automation are set to wipe out up to half of all jobs in the developed world.
- The note says equities could fall 10% to 20%.
- It predicts the year will be spent focusing on how to exit positions that have benefited from long-running QE, including emerging markets, credit and equities.
Source: http://blogs.wsj.com/moneybeat/2016/01/12/rbs-warns-sell-everything/?mod=e2fbRBSA 10 to 20% fall in equities certainly isn't a long shot. QE has produced a long run-up in stock prices, and on average, we see a market correction of 10% every two years and a 20% correction every five years. Still, the advice to "sell everything" seems a bit much. For me is everything exaggerated. First I don't believe that in such few time can be something big like that what which is happen at 2008. To not forget that the crisis began at 2008, first, is the second biggest one after the crisis of the '30 and, second, is not you surpassed fully. So, all the world is working to eliminate all the consequences of this crisis and meanwhile are annalists which predict another one similar to that? First of all this mean that everyone has learned nothing from the previous one and I cannot believe that all the other people who worked in this direction are stupid and are not able to learn how to prevent the happening of the same or the similar thing and only the above annalists are good professional. Then (second) how is possible that only the above annalists are so able to understand so very well the overall world economic situation and the other similar of them not? As for me they want fame. Downturns in the market are common. RBS is not saying this year is going to be as bad as 2008 (they're not saying it's not either, that's your comparison), they're saying it's going to be a bad year and you should flee to safe assets to preserve capital. The market doesn't only go up or explode in crisis. The market has a down year on average for every two up years, and the 1920s was not the last time the market had a crisis. The market has had significant trouble of varying degrees in the early 2000s, the 1980s, and the 1940s. Downturns are common, and they are a normal and healthy part of the business cycle. I don't agree or disagree with RBS's analysis that this will be a bad year, only the advice that the reasonable thing to do is sell everything in response. So you are not agree or disagree with RBS analysis but are telling that " RBS is not saying this year is going to be as bad as 2008 (they're not saying it's not either, that's your comparison)" and in your main post you wrote: that an ominous outlook to the world economy “all looks similar to 2008.”. And the part in question mark must be their citation. This my poor in conception and lack in meanings mind understand totally different and against one another these two your sentences. In other words, again according to the above typo my mind, there are simply stupid game of words without meaning and reasoning. So needed to tell something different but have no importance what. It is not my comparison the comparison with the 2008 but your comparison and if true that you have wrote even their comparison. Written clear in your main post. If something is similar with 2008 like is told in your main post that mean that mean that we are in crisis. This is first. Second thanks for explaining me that "The market has a down year on average for every two up years, and the 1920s was not the last time the market had a crisis." It is a big surprise for me to know and to understand today that the crisis of 1920 was not the last crisis that the market had. According to me and to that I teach to my students at the Faculty of Economy since 16 years the crisis of 1920 was the only one before the one of 2008. So I will do a big correction to my book of management in which is treated various times the theme of crisis in capitalism, their cycles, their causes etc writing only this monumental teach had from your post. The crisis of 1920 is not the last one had the capitalism before the crisis of 2008. I have only a little question. Could you please show me where have you read this my big thoughts about this crisis in my post? Third. I don't see any kind of connection between my post and your post. You give lessons (as for me bullshits) asked by no one about things that have nothing to do with what I have write in my post. It would be better for you that the next time, before do a post or a reply, to try to understand what is told in the post to which you answer. I speak in my post ONLY for the comparison of the actual situation (always based TOTALLY in what you have written in your main post) with the situation of 2008 (given from you with question marks and if so rigorously cited from the source). I don't mention nothing about the overall crisis and their cycle - which is not trued that is 2 year because before were much more longs and now a little shorter and never there are defined time which can be taken as reference because of the complexity of today economy and the learnings had about those in time - but the most two big such. I speak about the Empire State Building and Tour Eiffel and you teach me that are not only these "builds" in this world but even the build when live you. And the last one that I have pleasure to specify is another BIG teach from you (always given at your monumental post): "Downturns are common, and they are a normal and healthy part of the business cycle."Really first time in all these years I have on my shoulders, that see with my eyes someone who pretend and write - being totally sure about this - that crisis are healthy for the business. It will be enough this sentence for me to ignore totally your posts but I will not do this because I'm very curious to see until in which point will go your being sure in telling other pearls like this. If it will be again the case to met each other in other threads. Because hope to not have more desire to reply to another your - like above - comment to this my comment to your monumental above comment. It'd be easier to respond to you if I could understand what you were saying. All I've gotten is that you're attempting to be condescending, but unfortunately your lack of proficiency in English makes all the little barbs I'm sure you were so proud of fall pretty flat. Perhaps you can't find a link between my response and your response because I was trying to respond to the gibberish you spouted all over the place. If I failed to understand what you were trying to say, that's due to your failure to communicate clearly. I gave it my best shot deciphering what you were trying to say. I'll just stay clear next time, as it was wasted effort. |
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Are you talking about all the ponzi scams that stopped paying or what exactly?
yea i think he mean all ponzi scam recently happen.. mostly almost all ponzi before they go scam.. they will said that blockchain api problem or other etc etc problem.. and they most magically word is " we will fix this and everything will be return to normal " meantime deposit are still performing as normal.. just withdraw have problem  Well of course. I don't see many topics on this board currently that aren't straight up scams. The people scamming are a real problem, but the root of the problem is all the idiots who make it possible for awful people like that to make money so easily. If people had half a brain, these scams wouldn't work and we wouldn't see so damn many of them. |
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What's so hard to understand about this? The only way the site generates money is from people buying mines. That means, the only way your mine can pay you back is if someone buys a mine after you. Once the idiot pool runs dry, the website collapses and he runs with whatever money he has. He hasn't been hacked. His site hasn't been seized. You've been scammed.
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Are you talking about all the ponzi scams that stopped paying or what exactly?
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From a bigger perspective, the 10k is not that different from 1k when it comes to the price of BTC. It was near 1k for quite some time, and fiat was never close to being "worthless". Better question would be what will it take for btc to get to 10k per coin in the first place. Because right now, its really hard to imagine it happening any time soon (even with years and years to come)
I'm not sure what you're getting at here. From my perspective, the difference between a 10k price and 1k price for btc is literally a factor of 10. It's the difference between Bitcoin having a market cap of 15 billion dollars and 150 billion dollars. That is to say, it's a huge difference, especially since it's currently only 6 billion. |
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People either don't care enough to leave negative trust, or believe the scammer Sector when he promises he's not faking the seizure and is diligently working to get back everyone's money that he stole.  |
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It's a shame that ore-mine shut down, so many people trusted them and yet so many people got scammed.
Luckily there are some honest ponzis out there. For example, for over a month I've been using Flexybit.com and have doubled a significant amount of bitcoin. The website is super easy to use and they don't tell you that they will double any amount, but that it is a gamble. Also, if you read one of the questions in their FAQ, it states "Honestly, will you run with the pot?" and the answer is "Honestly, though that is not our plan, but you should always assume that we will!"
Really flexybit is one of the only transparent ponzis out there. Of course you should only gamble what you can afford to lose on ANY ponzi website, but for some of you who are looking to receive a recompensation from your ore-mine losses, perhaps you should try flexybit. I know I have!
There's no such thing as an "honest" Ponzi. If you made a profit, you got in early enough. If you were one of the last in who got ripped off, you wouldn't be calling them honest. |
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NEW INFORMATION!
An angle that we didn't expect.
They are now saying that teir serves were compromised. It is said to not be from the US legal department, but from somewhere else that is trying to take down servers.
I am also informed, that the US legal team did NOT take it down. Apparently, they are supposed to stat on their website once they take the website down. This is either shady stuff from the US cyber department, an online hacker or tey are a ponzi.
I have PMed their "representative" SECTOR on this forum to see if this information is true, and to try and get their server back.
As they state: admin cannot log onto their acocunts with their usual usernames or passwords.
They are liars. It's an obvious Ponzi. They don't generate any revenue except from users who buy mines, so the payouts come from new members joining only. Once new members join slower than the required payouts, the operation fails and they run with the money, attempting to make it look like they were "shut down" instead of just straight up stealing. |
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Bitfactory is scam, Ore-mine is down ?
Now my best income is my foucet with 500 Satoshi every 5 minutes. ( see referral link )
Is there any reputable side where can i invest my BTC ?
No. There is no place to "invest" your crypto. Any place offering "investment" is either a scam or at best, an honest gambling site. But in no case should you consider it a safe investment. There is very high risk in every aspect of crypto. |
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It's a fake,he just deleted all files on hosting and put on only one picture. That's all. Ore-mine is a scam ponzi he is probably somewhere on holiday How do u know that it is not real? Certificate is the same. nameservers too russian who.is I'm 100% sure Not only that, but the US Attorney's office would have released a press release announcing the seizure and shut down of the ponzi, and there's nothing on their website announcing any such action. http://www.justice.gov/usao-sdny/pr |
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