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Value investing doesn't really work in cryptocurrencies the way it does for stocks, because it's hard to find metrics on which to base your value.
Is it the marketcap? Is it the activity on social media to indicate a community? Is it the searches on Google Trends to indicate new interest? Is it the number of on-chain transactions which indicate people are using it? Is it all of the above? The jury is out as to what gives a cryptocurrency it's basic value.
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Do you guys think the Bitcoin rate will continue to increase like it is doing these past weeks? I am not going to complain to see Bitcoin above $4500 lol but in my opinion, we may see an opposite move before November and lot of us will be disappointed. What I mean is look, Bitcoin keeps increasing daily and can't even be stable for a full week, I don't think this is about to be pessimistic but need to come back to a reality
Regarding November - it depends entirely on how the current BTC/BCH fork goes. People were very relieved on August 1st that it went so smoothly and didn't appear to have an impact on BTC - which is why we got the relief rally from $3000 to above $4000. Then we got a flash crash when the miners shifted over to BCH after August 19th. Then a recovery when they shifted back. Things now seem to have stabalised, but if this thing goes badly with constant messing around with the mining and thus the blocktimes, then people arn't really going to want ANOTHER fork in November. It will fill them with dread and we might see a sell off if there is no consensus to prevent a fork. |
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Somehow I don't see BitcoinCash is better than litecoin, litecoin got a better popularity and more implementation, and there are a lot of people invest in it, BitcoinCash just start the step I think it is too soon to say it is better than litecoin, litecoin transactions is really fast and a lot of people were dumping BitcoinCash as soon as they got it, it proves that people not really like BitcoinCash
In terms of distribution, bitcoincash has a better distribution. See the following: https://bitinfocharts.com/The top 10,000 bitcoincash addresses own 61% of all the coins. But the top 10,000 litecoin addresses own 87.15% of all the coins. Litecoin is concentrated in the hands of a few elites and exchanges. |
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Some says, that it was Satoshi, but I doubt it. Maybe just a old miner who wants to claimed his free BCH/BCC. The intriguing thing is that he didn't touch his BCH at all. He moved bitcoin only... |
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Bitcoin Cash, Ethereum Classis, Litecoin King, Dash Queen, whatever duplicate names they give themselves have NO FUTURE. They're just trading robots with no concepts behind them. They're just replica of the BIG names in the market.
I was gonna say the same thing. These are just splits or copied coins. For instance, bitcoin cash, what do you expect from it? Nothing. It doesn't even provide a feature. Was created so that one group of people would get rich. That's all. BCC will not die, but it will suffer from heavy speculation. Of course it has a feature! It has 8mg blocks, which can take about 37,000 transactions at a time. Basically the feature is that the mempool doesn't build up on bitcoincash. |
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I thought bitcoin cash was an attempt to solve the problem with blocks in a different way from segregated witness option, but I was sure it sorts out the transaction fees and length as well. If these transactions are even slower and thus make people worry more about their money, what is it really good for and why people keep using it? I think it was a bad and risky idea to force a fork and now it appears that it didn't even help to solve a thing.
The blocks are being mined every 10 minutes or so. There was a glitch on Saturday when the mining difficulty changed, but it readjusted back again and is steadily being mined. You can track the blocks on the following site: http://bch.xbt.it/ |
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Fees are too low. 20sat/b is ridiculous.
People are not interested in price behind a bit. They are interested in the end result. To pay $ 3 for any translation is not a small sum when it comes to small transfers. It makes people to do large transfers to a Bank card and make small purchases with national currency. Do you think this is good for bitcoin? Exactly. And those who have accumulated a lot of small inputs thanks to tips, micropayments, gambling wins and whatnot are the ones who are getting hurt by the fees. If you are moving coins from exchange to exchange, then use an alt to do so, it reduces the congestion on the bitcoin network. If you are moving coins from your own wallet, I recommend doing so in the early hours of Sunday morning - for some reason at that time of day, there arn't many transactions and you can move coins quite cheaply. |
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Try HitBTC - it has a LOT of coins, more than bittrex or Poloniex, which means you get a lot more choice about what to trade.
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August 2017 has been good to bitcoin it really gives hope to many investors and bitcoin holders I think september will still be a good month for bitcoin and the value will keep appreciating up to the end of this year. I am hoping for a good pump to come again.
Yes, the ongoing year is good for bitcoin as well for most other digital currencies. Particularly ethereum too made a big growth in the current year. Now looking the price variations, I believe that we might start the month with $5000 as the starting price. Flash crash or go to the moon before start the September, hmm...  , very difficult for predict because tomorrow still is one day of August. Any situation is possible happening, we cannot know tomorrow Bitcoin will have big crash or not  We've already had a mini-flash-crash, as BTC has gone from $4630 to $4500. The question is whether it can hold onto $4500 or tumble below it. |
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The price looks interesting to me atm but I really think that as this coin has survived this long and is still trying its best to compete Bitcoins, neither am I saying this in its favor nor am I against it but it is definitely a chance that we should grab because a possible pump may take place for BCH in the future and we should be prepared to get out with the profits at correct time.
It's looking more like "dump" than "pump" at the moment. The price is holding up, it was only about $200 a few weeks ago. Lets see how it does until the next difficulty adjustment (which should take place in the first week of September). |
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Well currently, the market cap of Ethereum is half that of Bitcoin: https://coinmarketcap.com/It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen. That sounds far fetched right now. But things change fast. Not really. Ethereum already has about 100,000 more transactions every day than bitcoin does. Not to mention the mushrooming on contracts built on top of the ethereum platform. The flippening is a real possibility. |
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Volatility will be a fact of the BTC life until it finds a fair value. At current prices, there are literally millions of people that can move the markets 10% with a tiny fraction of their net worth.
This. Bitcoin is still worth less than Apple, and is easily manipulated. It is also behaving more like an asset like gold than a currency that can be used in daily life. But the good news is that the cryptocurrency space is now so large that people can hold onto bitcoins as a store of value and use alts instead for everyday use. |
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https://www.cnbc.com/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.htmlCriminals are dropping bitcoin in favor of other digital currencies that are harder for law enforcement to use in tracking activities in an anonymous corner of the internet known as the dark web, analysts said.
Although hard numbers on criminal activity in digital currencies are difficult to pin down, Shone Anstey, co-founder and president of Blockchain Intelligence Group, estimates that illegal transactions in bitcoin have fallen from about half of total volume to about 20 percent last year.
"Now it's significantly less than that," he told CNBC earlier this month, noting that overall transaction volume has grown globally.
A U.S. Homeland Security official confirmed to CNBC in a phone interview on Thursday that criminals are "looking more closely at other currencies like monero and ethereum."
"What the criminals are starting to see, and some of the trends we're picking up as well, is that bitcoin also works equally just as much against you as it does for you," said the official, who didn't want to be named.
On July 20, the U.S. Justice Department and Europol announced the closure of two of the largest dark web marketplaces, AlphaBay and Hansa, which listed tens of thousands of vendors selling illegal drugs, counterfeit identification documents and other illicit products.
The DOJ said AlphaBay transactions used bitcoin, monero and ethereum, while Europol estimated a minimum of $1 billion in transactions on AlphaBay since its launch in 2014.
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Wallets should also lower transaction fees, its not normal how high they are. We will see for couple months will that be solved or not, but I will not send bitcoin nowhere. I get so nervous two days ago when I paid 3 mBTC transaction fee, that is 15 dollars!!!! That is a robbery!
I need to complain because bitcoin advertise was low transaction fees, anonymity, what changed!? More people joined, price rises and now let's make fees higher. Bitcoin is turning out into very expensive to use asset. Its not normal transaction fee to be 3 mBTC for 30 mBTC and someone who sending 3 BTC, that favorites rich people, and what is with rest of us?
It's not the fault of the wallets. They estimate the fees by looking at the size of the mempool. If it is huge, then the fees automatically rise. The only way they fall is if the mempool is empty - and given the 1mg blocksize and the lack of use of segwit, the only way the mempool will drop is if people don't use bitcoin. |
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Well currently, the market cap of Ethereum is half that of Bitcoin: https://coinmarketcap.com/It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen. |
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We are very close to 5000$, I think there's a strong chance that we see 5000$ in September. Big speculation threads from 3 years ago told us that the price can go to 5000$, they must be very clever people. They saw the future.
Today, the price of bitcoin began to grow again after a long period of calm. I hope that this growth will lead to the fact that soon I will see the price that I have long dreamed of - $ 5000 It is struggling to get past $4500, and looks like it is making a double top. We might see a pull-back to $3800. Edit: I spoke too soon - it has just hit $4600. |
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The only problems I see in Bitcoin currently is that transaction confirmations. That has made some people lean towards other crypto.
Once that's solved people will start using Bitcoin and then I doubt your statement.
Yes,bitcoin has no issue except transaction fee.Segwit has been activated at last to solve it.But some miners deliberately just mine empty blocks making huge number of transctions to get stuck.Some of them are chinese miners who either support BCC or they need higher mining fee for mining bitcoin.The chinese have always been a big problem to bitcoin network.Earlier,they manipulated bitcoin price by dumping their bitcoins and now they have started to create problems in transactions.Once,it is sorted out,then bitcoin price would start rising. BTC has 2 problems then. It can't compete with visa and mastercard for transaction speed. ASICs are the bane of decentralization. China wins the ASIC race due to power costs. Some alts will go to extreme power effeciency, which will limit centralization. Allowing hobby miners back in. That's a third problem for Bitcoin, it has had a few half assed updates in it's lifetime and there are alts that can adapt to any situation. Bitcoin probably won't stay number one, it's only a matter of when, not if. Technically, many alts are genuinely superior to bitcoin. The problem is no-one knows about them outside the cryptocurrency space. The mainstream media and Wall Street are fixated on bitcoin (as are all those venture capitalists in Silicon Valley hoping to create applications on top of bitcoin). Marketing alts is HARD. |
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