To the underlined bit: This is quite different. Wall Street analysts expected the company to post earnings of a certain amount, but the company generally has a much better idea. If Amazon had said it expected to earn $1.24 and then posted $3.27, that would be more on point, but also not perfect since so much more goes into computing earnings than sales, so there's more likelihood of variance. When a company projects sales for the next quarter, it's generally the best indication of what is going to happen since nobody knows their business better than they do. On top of that, Nvidia is not known to sandbag sales numbers (by comparison, Apple is notorious for under promising so they can over deliver in their quarterly reports), so Nvidia's projection of a 2/3 drop in cryptp-related sales should be taken seriously as there's really no better authority on what they're going to sell than they are themselves. Lastly, Nvidia is likely warning about a trend they've already identified. At the time of the quarterly call, the current quarter is half done, so they already have some pretty decent sales data and trends for the current quarter, so when they're saying they're projecting a 2/3 fall, it's probably because they're already seeing the significant drop playing out. It's less of a prediction than it is an extrapolation of what's already happened.
I suspect Nvidia is probably experiencing the effects of what is happening in China as you point out. The drop in investment in mining is likely due to the uncertainty of ever recouping cost if the government is shutting down mines.
Bolded: you're definitely much more savvy than I am on those points. I was thinking nvidia, samsung, russia and others poised to enter the ASIC hardware market could increase supply and reduce demand. Such could represent a chunk of nvidia's projections. I'm 100% clueless as to when proposed entry to market was supposed to occur, my timeframe there could be off by a significant margin. Perhaps we are witnessing a financial downside to the ASIC market transitioning from what many have labeled a centralized monopoly to a free market with reduced demand. There has been so much media driven FUD against bitcoin over the past 2 years. Its becoming easy to assume anything negative said about crypto in has an origins story which can be traced back to a lame political agenda. I do a lot of "traditional" investing (equities and such) and like reading about companies and how they make money, as opposed to what the stock is doing. Traders are more concerned with the stock, investors are more concerned with the company. The stock will eventually follow what the company does, if it falls out of whack occasionally due to traders. So my post about the projections and all that fell within my wheelhouse on this one due to my familiarity with how companies report information to investors. As it applies to Nvidia, crypto has been big source of frustration to Nvidia's traditional customers, as miners have snapped up GPUs and caused shortages for gamers and other customers who want to buy GPUs for non-mining reasons. I'm not sure if Nvidia has really chased the crypto market though, I think it's much more a case of they make powerful GPUs for computers and gamers, and it happens to have utility in crypto mining. The drop in sales is definitely demand side though, not supply side. Even though Nvidia did get a LARGE spike in a small amount of time from people who were buying GPU's for crypto mining, I know that they knew (as a smart business) to not ramp up production -- this is due to the fact that they knew GPU mining would crash at one point, and they'd be stuck with all this extra inventory with no one to sell it too. So I know they didn't chase at all, they just sold their products normally to whoever had cash and did vow to their traditional market they would try to crack down on gpu crypto mining buyers - but this was all for show. |
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Even if something like this is attempted, it'll be shot down very quick with sanctions -- governments don't play around when it comes to sanctions on countries which are hated by the US people (they know if they act weak they're going to be voted out of office, so they have to play hardball)
I doubt they'll do this, they'll waste resources that will be thrown down the drain when new crypto sanctions come in.
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This all sounds quite good, a more decentralised working and using far less energy
than POW. I dont know anything about the security but If DASH (which is not 100% POS)
can be as successful as it is i am confident about it.
There is an issue with the 51% attack as has been mentioned above, for POW it would
be extremely energy reliant on attacking and maintaining, will a 51%attack be easier
On POS?
It would be easier yes, but you do also have to remember that a 51 percent attack is something which is going to rely on someone purchasing a crazy amount of the coin itself (making the price rise with the purchases) Plus the fact that if they did go forward with the attack, it would make their coins crash in value (as people would start panic selling) 51 percent attacks make more sense with POW as the person can still use their machine, though this isn't the case with POS. |
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While this question has come up time and time again, I don't think there is much to say about the price showing that their are problems. The price is something which may not always react to the sentiment of the community itself nor to the fact that we could be having some amazing strides (such as LN)
There are some things that are wrong, such as large scale network congestion and high fees when the network is unable to handle the load it's taking on. Or the fact that we're unable to reach a consensus on HOW to fix these problems.
There are issues, but none are telling by the price.
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If you want to get involved with mining, you're not going to want to mine bitcoin. Bitcoin isn't able to be mined with regular consumer grade hardware anymore, the time has come and passed for bitcoin and gpu mining. Though you still can still mine with your CPU and GPU for altcoins on something easy such as nicehash.
Not too hard and pay is in bitcoin. I do it and it works wonderfully, makes some pocket change everyday.
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I would have to say that POS is much safer for the coin itself, as it forces people to own the coin that they want to compromise if they want to do that. This makes no sense though, because if they want to compromise the coin they're going to be compromising their own asset-- meaning that they're going to lose money if they do this. People who own mining rigs won't have the same issue, as they will simply be able to mine another coin and live on with compromising with PoW Check out this for an in-depth comparing of the two ( https://decentralize.today/why-pos-is-better-than-pow-2dc3cd9881a7?gi=7c9f061772cc) |
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If you're looking at volume in terms of US dollars, then of course the volume crashed due to the fact that the prices of all the coins crashed (meaning that they're going to look like they have less volume in USD) If you compare this to the amounts of bitcoin they have volume in, it's not much of an issue at all -- check out this reddit thread for more in-depth explanations on the topic ( https://www.reddit.com/r/kucoin/comments/7rp089/volume_on_kucoin_what_happened/) |
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While I do want to do this, before I go ahead I would like to know what exactly the current (non paid for) reviews are of your service. It is pretty suspicious that you're willing to pay out such a high amount if people are just going to mix small amounts of coins.
So with that said, is it alright to send a small amount (.0025 bitcoin to the mixer?) Are there any high ranking high members that have vouched for this service?
Also are you really maxing this at 15 or is that a flexible cap if more people come in and usee the service?
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While there is a risk that you open yourself up to, that is a trade off when you think about what you could miss in seconds when it comes to how the market changes in short periods of time. Day traders have no ability to wait for this time, they have to act instantly.
They take the risk and they reap the rewards of being day traders (whatever that may be)
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While it is possible, it shouldnt be done by anyone nor should anyone advise it to be done. Trading without capital would force you to take on debt (ie loans, or margin) in order to buy it. While this may seem good on the upside, when the market turns to the downside then you're going to be in deep shit when you owe people money due to it.
If you want to trade, get your own money in the game so you can lose it if you're able to. That's the only way to trade such a volatile security.
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Set a clear amount of money that you're ready to put in and stick with that number. Don't set the number and then sell quickly to recover losses or take some quick gains, if you're in it for investing you SHOULD be in it for the long haul and be ready to see some big swings. Then again, do a set a percentage (maybe 10-20 percent gains) which you'll be happy with selling.
Be in it for the long haul and don't panic buy or sell. That's all you can be told.
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Will it? Maybe. Does any know if this is ever going to happen? No. No one knows which way the market is going to go, it could go up, it could go down, it could literally do anything. Any estimate that people make is pure bullshit, people are trying to pump up the price by stating higher and higher numbers to make people buy or sell.
I hope so, but literally no one knows folks. We can pray, but it's only praying.
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During any bull run with bitcoin (and all the altcoins) bitcoin seems to lose a good amount of dominance to other coins. I don't think this is going to be the thing that pushes bitcoin off the edge and has another coin takes the reigns.
It happens all the time, this isn't going to be the end all be all time due to a small loss in dominance (a negligeable amount of 2 percent which isn't going to change anything)
ETH is a good number 2, but that's it.
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There's no direct way to pay with bitcoin, though you are able to buy a gift card with bitcoin for an amazon gift card and then use that online. Which is pretty much just like using bitcoin on amazon though it is going to take a bit longer to go ahead and use.
Wish it would be implemented directly, I guess they ran the numbers and it does nothing for them.
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While it may be used for donations I don't think this would open up a new market for the church in the means of more people donating to the church. It may get some hype at first , but the samepeople that donate to the church are going to continue to donate and the bitcoin donations probably won't do anything.
So yes it could be used, but I think it would jus ttake away from the already use traditional methods.
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Meh, I doubt this will amount to anything or even be used. It's something that companies do to get some hype, and it's going to work for LG due to the fact that people LOVE when they hear comapanies screaming about the blockchain and what they're trying to do to implement it. Nice marketing move, but I don't see them getting any REAL USAGE out of the tech anyway.
I guess we'll have to wait and see.
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Now I don't know what this is going to do to the market itself, who knows if the banks are going to use their leverage in the market for good or for evil. But I do know that once this happens, and they start opening up their own exchanges that are backed by the full faith and trust of their large name. I do know that that is going to lead to more adoption and the increase in price for bitcoin -- once people see a household name involved with bitcoin (such as JPMORGAN, Citibank, etc) They're going to feel like it isn't a scam and get involved.
So maybe this is a good thing, at least initially.
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Will it? Who knows. But can it? Yes. If all of the governments of the world worked together in a way that would kill the exchanges for bitcoin, the banks that allow bitcoin purchases to occur on them, and everything else that is involved this is of course going to lead to the downfall of adoption and the full crash of the price of bitcoin.
No one 'normal' is going to get involved with bitcoin if it's illegal. Peopole want to live lives that aren't in fear all the time, and if bitcoin is the reason for that they're not going to get involved with it. It's really as simple as that.
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You're not going to earn any money, by the time you even earn enough for you to be in the lowest fraction of a bitcoin all of it is going to be taken by TX fees when they try to send the coins that you've earned to them. What you could be doing, instead of cpu mining which isn't going to earn you anything, is GPU mining for altcoins -- this is something which is still profitable and can still make you some money which you will notice.
If you want to get involved in GPU mining (and you're a newb) I would have to recommend nicehash. They're a good site that pays out in the (less volatile) bitcoin and it could make you some good pocket change. Goodluck dude
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Although it's good that the use of bitcoin is becoming more widespread, I don't know how practical this is. I don't know how much the average traffic fine costs in South Africa, but considering the high transaction fees of bitcoin, it may not make sense to use bitcoin to pay them. But of course it's good in terms of exposure, like I said.
I mean who knows, the bitcoin fees at the moment aren't even that high so I wouldn't think that it'd be much of a problem. Though I do think that the fees are HIGHER then other methods such as paying with cash, by check, credit card, etc. I just don't know if people are ACTUALLY going to use this, it's something that could easily be done another way -- bitcoin seems like a nusiance unless adoption is high in South Africa. |
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