1. yes i also believe that this market is flooded with countless altcoins which are all copying each other, pump and dump and die.
2. it will scare off new investors in altcoins not crypto in general. newbies will go back to bitcoin and stay there.
3. i have heard this from others too, and i believe we are nearly there.
4. yes it has because when majority of them (the devs) are only looking for a get rich quick scheme through crowdfunding, this firstly harms users ' trust and then development in general.
5. it may be a bit late but i think if any good project comes along and their developers stop prioritizing making money over other things we can see some improvement and that coin will be much more successful.
6. no because we have also adopted with this new situation and we are only looking for a get rich quick altcoin where we can join in the pump and dump it right after the top. and sites like coinmarketcap help finding coins and where they are traded and more information.
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I can't really understand why Bitcoin fluctates fast, even it will goes up or down. Is it because there are too many miners nowadays? or the supply and demand of services through Bitcoins. The only thing that I understand is it has a really great value compare to Fiat money.
first you should know that fluctuations are normal and exist in any other market as long as trading is going on. the reason for big changes is that the orderbooks are not as filled as other markets like Gold or Forex, and on top of that there are lots of newbie traders here who will panic easily and start buying or selling bitcoin.
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Do any of you that follow the price of Bitcoin closely think that the price will ever drop back down to $500 or something close to it? And why or why not?
short answer: NO. anything is possible with bitcoin price. if nothing drastic changes with bitcoin which means if we continue on the adoption this way price will continue to go up. but we can never predict incidents like bitfinex hack or something similar. and these things can change the price a lot but temporary
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this type of analysis is never going to work for altcoins and it only works a little for bitcoin and more for bigger markets like Forex. If bitcoin up trend continuous for next few days, that support point could be broken. Better not to touch ETH right now....Wait and watch situation,
this is how you mostly speculate altcoins not with charts. bitcoin price is rising and as it happened before, ETH price falls with that rise. if bitcoin price get some correction ETH price can get some push.
bitcoin correction will only be back to $730 at worse case scenario and there is not much rise yet to come back anyways!
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well this is a rare incident and we don't even have all the honest information to be able to decide. the only thing i can say is that i have never heard of anyone who has experienced something similar to this in all my life.
besides even if this happens and it is banks fault you can easily go to a lawyer and starting working on some solution.
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nothing can compete with bitcoin so far and even if there is a potential, that potential still needs to be found first.
but anyways it has been a couple of months that i have been hearing about Monero and keep seeing its price showing very healthy buy support behind it and the anonymity that it offers is one of the most wanted features these days. all of these can lead to potentially big price rises.
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wtf guys...monero worth more then ETH,WTF..where we go....
these are my opinion about the current situation: * monero has a lot more usages that ethereum can ever have * monero has been around much longer * monero has been keeping its price up all these times and most interestingly it has been keeping the price up even though all other altcoins were dropping because of bitcoin price rise. * these days anonymous transactions are the hot topic which makes monero like gold. * eth has been a pump and dump coin from the start * eth has not much to offer with it flawed code * eth was in a bubble which had to burst some time.
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I have still a question on zECD.
Its still sitting in 1 sat but i noticed that the seel order from 80.000.000 has been met partially and it has gone to 50M coins and after a few days it has gone afain to 80 M coins.
Can you explain this? Why is there a wall of 80 M coins in that coin and why why when ppl buy it and gets met still it regoes to 80 M ?
it is miners who are trying too hard to dump the coins they have mined and the only way they can do it is to place an order on 1 satoshi and also other people like you who have bought this coin on other prices are finally giving up and trying to sell their coins on 1 satoshi also. also it is possible that Yobit is faking the orderbook too with a fixed 80 M wall since they are not honest.
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Shhhh, keep it on the DL breh.
hehe, exactly. this is somewhat clear movement first from miners and at the same time whales who were accumulating litecoin during all this time when eveybody was occupied with hyped coins like ZCash and ETH and then there will be a jump in one of the Chinese exchanges and we will see moon. so try to get on the train now before it leaves.
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there is a big difference between when some people are only talking about banning bitcoin or blockchain technology and when there is serious talk about it.
in my country nobody knows about bitcoin but when i checked more about it there were some suggestions to issue a law to make using bitcoin illegal but these laws never happen. nobody agrees with them.
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coinbase has been around for quite some time now that makes it trusted enough for small amounts and if you are really so desperate about a couple of cents of transaction fees then yeah go for it.
but i don't really like it because it lacks security and doesn't matter how much they say it is safe, they will never guarantee you if you are hacked or their system is completely hacked.
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Cashing out 1 btc a day wil be hard even if you're a veteran. To actually earn from your investments, you need time for it.
to be able to earn $730 every day as profit you need to invest a lot of money because daily interests are not that big to generate you that kind of money even during the pumps. My first step would be to invest my 20 btc in different things. The half of it which is 10 btc will be in bitcoin. I will buy a bitcoin then keep it in a bread wallet or hardware one.
Then the 8 btc is to invest on some promising altcoins/ICOs and the rest will on some gambling site.
it is good to diversify but i can never agree on investing in any of the ICOs because these days scammers are spread in the altcoin market and they are trying their best to rob us with schemes like ICO.
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Private key is like your password for your email address. you can give your email to others and they send you email but in order for you to send email you need password to log in.
so here when you imported your bitcoin address (starting with 1 or 3) into your wallet it only imported the "address" which is a public thing and you can only see the balance.
if you want to spend your coins, you need your private key.
also be careful what you are using, if it is a real wallet and you are sure about security of it (downloaded from right source,...) then import your private key and spend the coins otherwise first make sure and then do it.
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Hello,
I have been looking at the price of the Bitcoin and it is obvious that the price keeps on rising. I was wondering what the price of the Bitcoin would be in 2017. If anyone can come up with a estimate..... Or vote in the poll. This is just a topic for debate.
your Poll has only one answer: Current Value - $1000 and anything else would just be wrong. first of all we can never say these things for 100% but some things are clear. for example price will not be lower than $700 in a year from now assuming nothing horrible happens. so there is only up to go and also going up considering how price has changed in the last 2 years is not going to be some crazy number like $2500 all of a sudden (again if nothing horrible happens).
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Many altcoin nowadays pump on yobit. yobit the new mintpal?
you only wish! many altcoins you see "changing" on yobit are only found on yobit. they are dead coins and that change is a fake change that yobit is doing themselves with their own bots. if you don't believe me check them next time you visit the site yourself. all the trades are about 1-50 satoshi big!!! and we can make 10000 satoshi trades minimum!
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there is nothing the people can use any of the altcoins on. in other words in case you wanted to use an altcoin there would be no place, no business, service or merchant accepting it as payment. so we are all left with one choice: trading them.
besides there are stages for any altcoin to become useful, the first one is the adoption and the beta stage and then it has to be accepted. but because all of them stay in the first stage and get pump and dumped there they end up die.
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Storing of Bitcoins is against Bitcoin. No one will offer services for Bitcoin. Spend Your Bitcoins.
spend to open business why not ? but don't to things not helpful.. bitcoin is also money and if we are talking about "spending bitcoin" it means we are treating bitcoin as money also. in that case you should not be wasteful of money (bitcoin in this case) which means spending it only on things necessary not just buying random stuff which you don't need or just spending for the sake of it.
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What would the point be? Satoshi Nakamoto might not be who we think it is. It might be a group of people or even a whole secret agency. We know who created SHA, why not Bitcoin? Satoshi might be a serial killer or a Paedophile or even a group of them... just imagine the embarrassment, if a Nobel prize is given to Satoshi and it turns out that he or she is someone sinister. Before I get crucified, I am not saying that he/she or they are bad, but what if they were. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) your theories about satoshi doesn't make any sense. bitcoin code is obviously written by an experienced coder and people knew him back then people like Hal Finney were even in contact with him, characters like what you mentioned can not become a good coder.
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I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
Maybe for you it is not a large amount of bitcoin but for me and for a good number of users here it is not a small amount of bitcoins. I would suggest you to buy a hardware wallet, maybe a trezor or a ledger nano S or hw.1(it is the cheapest one), they are safe enough but you can use also paper wallets but hardware wallets are more user friendly. i still can not wrap my head around for buying a hardware wallet. in my opinion it is not yet worth it for me to pay $100 (or less for some other producers) just to hold my bitcoins as long as i can make a perfectly safe cold storage on my own and then spend from it the same easy and safe way. Yeah. I preferred too a cold storage for safe and no hassle way of saving bitcoin. I didn't trust hardware wallet to hold my bitcoin even online wallet. don't get me wrong, it is not a matter of trust at all. these hardware wallets have been around for enough time that i can trust them and if i am not mistaken one of them is even open source. my problem is with paying for something that i can create for free myself. and i guess hardware wallets are a good way of storing bitcoins for those who can not do this or maybe they are too lazy to do it and want some safe way to store their 1000 BTC on.
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Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I'm not sure if there is any law for stolen bitcoins but there should be because it is the same thing as stealing money. This phenomena is damaging the bitcoin itself but also the bitcoin users because they are unsafe if someone else steals money. yeah there should be but good luck telling that to the law enforcement. and if you are living in one of those developing countries and encounter someone who is technologically challenged ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) you are going to have a hard time even making him understand what you mean let alone file a complaint.
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