That's a nice marketing instrument. Buy more burgers to get special coins and you can use the coins only in the same restaurant chain. But what would happen if suddenly some exchanges start to list and trade this coin? Price would rise up and people would buy burgers like crazy just to get the coins and sell them to others.  It would be a win/win. This should work similar to a loyalty program (reward points) or amazon gift card where you can buy/sell the gift cards in open market or use it with amazon itself. And they already have a loyal customer base of millions of people. It's a great way to distribute a coin far and wide. I hope they roll it out worldwide if it's a success. |
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I think that in the future banks will include bitcoins into their system or create a more sophisticated crypto currency. Crypto-currencies have made a serious competition to banks and they think what to do with them.
The spread of crypto currency is death to the banking system. Bitcoin destroyed all the foundations on which the banking system. If we do not destroy bitcoin, he will destroy the banks. This is a war and I'm on the side of bitcoin. I'm afraid this isn't true. We still have to go through the banking system to buy stuff. And that is because merchants won't accept bitcoin without some sort of banking intermediary like bitpay which converts money immediately into fiat. And that in turn is because bitcoin fees are so high they can't accept bitcoin directly. We are now further away from being independent of the banking system than we were back in 2015. |
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Probably nothing.
The market is dominated by pension funds and other big mutual funds, and because they are regulated, there are very few investments they can go into. If stocks crash, they will go into bonds. They won't go into bitcoin till there is a bitcoin etf approved.
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I already predicted this exact scenario when I posted my "It's about time to turn off PoW mining" thread 3 years ago. If Bitcoin was Proof of Stake or at least PoS+PoW hybrid, we wouldn't care if PoW miners are chasing short term profits, because that's the nature of PoW. it is partly because they are giving away free money to anyone who mines bitcoin cash these days. right now you can find a block every 1 or 2 minutes there so obviously miners prefer the free money for the time being until the difficulty is adjusted and they move back to the real valuable coin. during this time there is a longer time for finding blocks.
on top of it we always have the spam attack issue with bitcoin and block size is still 1 MB with no SegWit since it is not yet activated.
Yes, this is what's going on. They are pulling ahead mining rewards on BCH to shower money on the miners, causing the BTC blockchain to suffer. There are virtually zero TX on the BCH chain, so the miners are not serving customers (actual TX), only serving themselves in a short-sighted way, chasing the carrots that the BCH gang are dangling. This is a good example of what happens when miners incentives are out of alignment with what is good for the bitcoin ecosystem, and how hostile attackers can game the system to attack Bitcoin. How many newbies (or even more experienced users) complaining about high TX understand that it is a result of people who have separated from bitcoin, and how many are blaming Bitcoin itself or its devs or community? Well, you are brave! The chances of persuading people to switch to POS will be even less than persuading people to go for Segwit2x. Too many vested interests who want the status quo to remain. |
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Dont want to disappoint you but you do not get good results cause nobody uses faucets anymore. This is not going to change whatever service you select. Even the top ones, Moonbitcoin, for example, re getting less and less traffic.
Why? Cause it simply does not work. People who visit faucets and hunt cents re usually people who have no money to invest into advertised services. This translates into no profit for advertisers and this is why they buy less and less advertising. All in all, it does not work. Sorry and good luck.
Yup, most faucets died when Google Adsense pulled the plug on all of them (especially due to fradulent clicks). I suppose you can get pay-per-impression advertising, but you need literally millions of pageviews before you make any money and will likely not cover the cost of what you are paying out via the faucet. |
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Bitcoincash is definitely here to stay. But what happens next depends on whether people actually use it and if the price rises. If both happen, it'll decentralise as more miners come in, and if it starts to handle a large volume of transactions, then some of the large merchants might start using it too. It's early days yet.
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Check out market ltc today. He has moved up more than 10% just less than a week. I bought ltc around 0.011 a few days ago and now sold at rate 0.014, of course you can calculate percentage of profit earned. Ltc volatility is good to be utilized as a flagship altcoin to earn profit.
But it now seems to have stalled at about 0.014 for a few days. Litecoin isn't as flashy as the other coins. |
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I get the impression that bitcoin is becoming more resilient the older it gets. It has fought off a handful of crashes with the MSM then writting it off everytime to then see it come back stronger. Bitcoin has had a hell of a year in 2017 and seen highs I never imagined would happen. Right now I am sat here with my new funds for a 2nd sizable batch of bitcoin to add to my wallet.
It has been weeks now and not all that much has been happening, I was expecting a bit of a fall in price after so much of a gain. I cannot help thinking that there are quite a few people right now thinking the same, many are wanting to jump in. Looks like I am not going to get my fall, which is OK, but looks like I might have to buy in again when prices rise say 5% to 8% in the next few weeks.
I have told myself that whatever gains I make in the next year I will match it with money I have elsewhere to the point of Bitcoin being 20% of my investments, no more. Rule of thumb for me past decade has been risky investments no more that 15%, and that's high for me.
Honestly it would really be quite dumb for anyone to be investing too much in bitcoin right now. I feel like in the coming month we might see some rises but after that we might see some sizeable corrections happening at all. This sort of exponential growth can't just go up forever, every single time there has been this kind of growth there has been a dump afterwards. The problem is timing the dump and that usually can't be done efficiently. ATH could be broken but then again, it'll just be the peak of the bubble. I wouldn't put more than say, 15% of my portfolio worth in btc. If you bought btc early then maybe up to 50% but don't buy too much right now. This. Also - I think investor money is sitting on the sidelines watching how this thing with BTC/BCH works out. Initially it went smoothly, but then it started to get rocky (for both chains as the hashing power switched back and forward). Add in that there might be another fork in November and we may have problems. So there are a lot of people with wait and see positions (and some are putting money in alts instead). |
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My transaction has been completed, looks like there was a lot of load on the block chain. Still waiting for Segwit to be able to give us 8Mbs/block. Anyone have an idea when that will be?
Yes. I have an idea when that will be: Never. SegWit doesn't do 8MB. SegWit will never do that. SegWit is being carefully restricted to 1MB by Core. Indeed, they are looking for ways to go to .5MB. I am not kidding about this. Just use Bitcoin Cash. They already have 8MB running right now and they have very short confirmation times and very low fees. It is already running. You don't need to wait for anything. Yeah they do got that. But that doesn't change the fact that BCC is not supported by anyone and you can't do shit with it. So no point in recommending someone to witch if it's not accepted. It's as if you would say "Well just use Litecoin" cool man but no one wants to get paid with it. Most exchanges will let you trade BCH directly for Fiat. Same goes for Litecoin and Ethereum - you can change it directly for fiat. So it makes sense to use those while bitcoin sorts itself out. |
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If they don't mention that they're going to return the money, then that means they're keeping it, regardless.
It's very much Buyer Beware when it comes to ICOs.
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Regarding bitcoin, stats show that only 1% of transactions are segwit, it's too complicated for users.
There's hardly any SegWit enabled wallets yet, only some that offer it as beta feature. That's why you see so few SegWit transactions. Once wallets use SegWit by default it won't be "too complicated" for users anymore. On the surface the only noticable change will be the changed address format, it's not like using Bitcoin turned into rocket science all of a sudden. Given that all the wallet providers have known for over a year that segwit was going to be activated, it's pretty poor they didn't prepare and have things ready to go when it locked in. |
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Bitcoin cash is a result from the fork of bitcoin, it is not a good coin, it has no projects, not dev, nothing. It is a speculation coin, if you wanna hold it it can drop anytime. It is free money, why dont convert it to bitcoin or to fiat? I converted it to bitcoin when it was $700 each one, i made a good profit
I heard many merchants are going to support it. If you read reddit/btc, there are many supporters there. The issue for merchants is that transaction fees for bitcoin are too high and the length of time it takes for transactions to be included in blocks is also too long. So they will either switch to bitcoincash once it stabalises, or look for an alt. Look at the number of exchanges that allow you to change alts like ltc, eth and bch directly into fiat, so you can bypass bitcoin. That is a trend that will continue. |
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Seems plausible to me. the bull run from $3000 to $4400 was fierce and fast and there is bound to be a pull-back and some profit-taking - however, if it's a pull back to $3600, that will shock some people, and it might take longer to resume it's climb. Also, I think investors want to pause while they evaluate the whole BTC/BCH thing.
nothing about this is pausible and it seems like everyone else is agreeing with me when i say there is no way price goes down to $3000. and also i should add that you apparently missed all the pullbacks during the rise if you look back you can see them all there and visible on the charts showing there is no more room for any pullback. specially a big one. Sorry, but I think a pullback to $3600 or $3000 is very plausible. The bull run is exhausted, and all the hedge funds and other investors who piled in excitedly will take profits while they evaluate how bitcoin is coping with hashing competition from bitcoincash. A big clue is that bitcoin has tried to break above $4450 three times now, and each time the attempt was weaker. |
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Hello! I am not sure if this is the wrong board or not, but I would like to ask. Why are the transaction times so slow? I have sold an item online around 5 hours ago and my transaction is still on 0 confirmations. Transaction TX:IDIs there a problem with my wallet or is it just the network that is currently slow. Miners are switching their hashing power back and forth between bitcoin and bitcoincash. Plus the bitcoin network is congested. My advice - if you have to use bitcoin, do it on the weekend, when the number of transactions drops, so your chances of getting confirmed rise. And if you are moving coins from exchange to exchanage, use an alt (litecoin, ether, doge Bch) |
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Seems plausible to me. the bull run from $3000 to $4400 was fierce and fast and there is bound to be a pull-back and some profit-taking - however, if it's a pull back to $3600, that will shock some people, and it might take longer to resume it's climb. Also, I think investors want to pause while they evaluate the whole BTC/BCH thing.
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While blocks take hours to be mined, no. I'm surprised that BCC still holds its current price
The miners appear to be back. See http://bch.xbt.it/This time the difficulty is 13.88%, up from the 10.4% when all those blocks were being mined every minute. Lets see how this plays out. (It went from 10.4% to 33.88%, which was obviously too high and back down to 13.88%. I guess it will oscillate for a while till it finds it's sweet spot. |
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When is someone going to make the Chinese steemit if it doesn't already exist. I'll go all in on that. Golos had to pay a one-off licence fee to be able to use the Steemit code and set-up. You can contact Ned at Steemit and tell him you are interested in doing the same for a Chinese version if you want. |
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The main resistance seems to be $4400 or $4500 here.
I don't think that traders are motivated enough to pump up the price much further from this point onwards. It could be likely that this week we could see the establishment of $4500 as a price "floor" but i don't think it's very likely. Next week i think we will see another pump, perhaps pushing bitcoin over the $4500 mark, but then an adjustment will come to pull down the price to around $4000.
A lot of sideways movement and i expect by the end of this week the price just staying around the same margin as right now($4100-$4200) instead of moving much. Technical analysis is good, but it doesn't take into account people's emotions.
The volume seems to have dropped too. I think this bull run is exhausted and will pull back. |
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