With the way things are going right now, Bitcoin is fighting to be stable at least in the vicinity of the
$10K level support and though we are wishing for it to make some surges the way it did in the last
quarter of 2017, that may not be happening soon (am willing to be surprised though).
This can be the scenario leading others to conclude that we are
about to experience a longer than expected bearish market or worst a Bitcoin winter season this early part of the year.
Are you still optimistic that within this quarter Bitcoin will surprise us with an unexpected rise or will it
retreat further?
This is not a bear market, this is just the price of bitcoin right now, since there are no more news regarding bitcoin then there is not a reason anymore for the price to keep growing up as soon as we get more news like that things will improve but what we got in the last weeks have been nothing but bad news and this is why the price is not showing any signs of recovery. |
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Im pretty sure everone heard about the missing bitcoins and unaccessible wallets which has huge amount of bitcoins.There is a theory that the supply of bitcoin is not real(because of unaccsesible wallets) and when the real amount of bitcoins revealed that is the time the real price of bitcoins will be there.What do you guys think about it or is it possible to detect unaccessible amount of bitcoin.I thought that maybe a fork would be useful to do that.
Lost coins are lost coins and nothing more, this diminishes the supply of bitcoin but at the same time increases the value of the rest of the coins this is what satoshi thought about those coins and I do not see any reason to change this since there is not a difference between lost coins and coins that are not moving because their owners have them in cold storage. |
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So lets say bitcoin is eventually gonna mean the downfall of the bank as a wallet is basically a bank. You can store money and make transactions all freely and autonomously. Theres even coins like populous that aim to make it possible to borrow money from crowd funded pools instead of getting it from the bank or having to search for an investor who'll definitely take his share. So when that happens and the banks and the government can't cooperate anymore. And the majority will be payed by bitcoin and wouldn't that force governments to also start using bitcoin (or any other crypto currency but it wouldn't really matter to much as bitcoin is like the backbone of every coin) which would naturally mean that their own currency will lose its value by the amount that the government choses to use the bitcoins instead. And lets say one day theres not much fiat left ... how would the value of a bitcoin measured? in Eur USD Yen? Or will it ever even come to such a scenario? Just really wondering  At that point we will not measure the value of bitcoin against fiat since there will not be anymore fiat, we will only think of the value of bitcoin compared to other crypto that is all, that is exactly what we already do with fiat, a dollar is just that a dollar, but when you compare it with the euro then you can make comparisons, that is the way any currency is supposed to work and bitcoin is not going to be an exception of that. |
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Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz says on CNBC's "Fast Money
Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well," adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
One need not to be optimistic about because if your prediction didn't come to pass so many people who has invested as a result of your prediction will be misled and probably loose huge amount of money as a result one speculation. I don't think you get your information right because ethereum market value far above $500 even as at the time you open this thread. Just a very small advice, do not invest over the information that someone in a forum is giving you, you do not know why the person that is giving you an advice is doing it, maybe that person has an interest that a particular coin does well and it is trying to attract investors or maybe he has just bad intentions and wants to see people lose their money, so before investing always verify all the information you receive before making any choice. |
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I was talking with a friend of mine about cryptocurrencies and he said: "Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money.  " Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions? And why do we care? It is not like people have believed in something and have been proved wrong right? Like when people believed the earth was flat and then it was demonstrated that it is not, the amount of people that believe in something does not make them right, having the truth in your side makes you right. |
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$40,000 transactions fees, I cant wait
Lol by that time the lightning network should be in full operation, imagine being able to move that much money and pay a dollar or even less as a fee, right now that seems impossible with the current fees but that maybe the reality in the future of bitcoin in just a few years. it is not just about the fees. you are thinking too small here regarding Lightning network. the main thing that LN will bring us is nearly limitless number of transactions per second. for years people have been comparing bitcoin other payment processors like Visa and saying bitcoin is handling 3-7 TPS and they are handling ... TPS. now with LN bitcoin will be able to handle millions of transactions per second. or even more and all of them will be instant, decentralized and trustless. Well, the lowering of the fees will be a symptom that bitcoin is finally able to scale and when that happens the sky is going to be the limit for bitcoin, I just hope that my investments give great profits before that day comes and I'm able to hold a significant amount of it coin by that point since it is clear to me that when the LN is finally in operation we are going to see a bull market. |
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Just yesterday I come across one youtuber where he says
he just wake up and saw his 50 btc was vanish from his exodus wallet and also before that another 20 btc was vanish
he says he dont even know how this happen.
pls how can I escape this.
The simplest way to achieve this is to get a hardware wallet, hardware wallets are safe and will be offline so there is not a chance for hackers stealing your bitcoin and if for some reason someone steals your hardware wallet you can recreate it and then send your coins to another address. |
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I don't think bitcoins are an economy by itself. If you say economy it is something that is produced and consumed by the people.
In bitcoins there is only a medium of exchange, nothing else. There is no economy to speak of here. The only thing bitcoins would
be in an economy is a way to pay for stuff, but it can't produce stuff, nothing goes around.
There is an ongoing economy in bitcoin right now most of the money is used to buy virtual goods in the form of other crypto, but there are people using their bitcoin to buy physical products but this aspect is not going very strong since the fees are not the best for this kind of activity. |
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I d'not like capitalism as a whole, he entered the space government. using fascist power etc., we must distinguish cryptocurrency and capitalism, not the origin word cryptocurrency actually for the benefit capitalism, and can be used to launder the money employes corrupt goverments. the facts are foundhing fathers cryptocurrency ia a nakamoto satoshi have a good anounymous, and has identification similar to white hats. d'not interfere digressively , seriusly i hate capitalism .
How quickly would you change your mind if you lived in a country that is not capitalist, capitalism is the only system that works some say that is an ideology but those that said that are mistaken, capitalism is just the way things work, I will not work as hard if I could not keep most of what I produce that is why communism always fails. a mistaken assumption, capitalism is a exploitation, they are concerned with capital and profit, make lost strata and class, impoverish one class, the total exploitation for capital and profits . capitalism synonymous with the industrial manufacturing, and now enter new era of neo capitalism. whereas cryptocurrency is an alternatif currency for calculation of accumalated primitif , I do not think of communism etc, but only categorize the era and notion of capitalism. Bitcoin is capitalist to the core, you take the principle of private property and take it to the extreme, no one can take your bitcoins, the governments cannot tax it effectively, no one can take your property without your consent, that is what makes bitcoin a sought asset. |
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The advantages of Bitcoin are endless. You can, for the first time, have complete control of your money without anyone being able to change it. It also grows in value over time since it is scarce, and you even have an immutable public ledger to store it on digitally. etc, etc.
Yes for the first time in centuries we are free from the banks and their fake money they use to steal from us, we used gold in the past bu we need a technology like bitcoin in order to bring independent money once again to people all over the world. |
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This is an interesting question and it depends on how big is the fall, if the value of the dollar goes down then you need more dollars to buy bitcoin but if the dollar value goes to zero and it disappears then it will be interesting to know what happens to bitcoin at that point in that scenario.
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Still kind of confused regarding all of this. So if I invested 1k USD in xrp ripple, and the price of it goes from .70 to 1.00 USD and during that time, BTC rises to 25,000 USD, when I trade ripple back for BTC, I would end up with less money then?
If the rise in ripple during that time was less than bitcoin then the answer is yes you lose money, things are not really that complicated you just need to get used to the conversions, this happens all the time with dollars as well, the difference here is instead of having two currencies you are using 3, BTC, USD and an altcoin. |
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Welcome to the btc world. We are in a similar situation. I have a wallet full of bounty earnings. I can't even withdraw the coins because of the fees. I have decided to leave it there. Hopefully once the lighting network is implemented.. Maybe the fees won't be so much. But I must say these high fees are just ridiculous.
Its not that bad what people portrait. Today I sent a payment of 0.42 btc with just 0.00180000 Fee. And I sent a priority high fee, Transaction was confirmed in an hour. So why am I being quoted 0.015 BTC to move just 0.1 BTC ? I have tried both electrum and blockchain.info, and this was the cost for moving the funds out of the paper wallet at 300/sats.... the only reason why the fees are so high must be because it is a 3 Year old wallet. ? The number of inputs is very important since that means that the size of the transactions gets bigger, one thing you can do is to consolidate your inputs, send all your bitcoin to another address you control and send with the lowest fee you can, if you are lucky you could get a confirmation in several days once you do that you can spend your bitcoin with a lower fee, and also if possible get a segwit address. |
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That is not really important, what it is really important is the fact that bitcoin is going to hit that price sometime in the future and with the price being at 15k it seems like a good investment, even if it took bitcoin several months or even a year to reach that price earning about 33% in a year is not a bad business.
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I just came over from the 'Investor Games' subforum (hope I got that right). A guy there said he came across a site asking to double his bitcoin, he paid in $20 and got $40 the following day or so. He then went for a higher plan of $300 hoping to cash out $600 but they asked him to pay in another $300 before cashing out. He got confused and was asking for advice.
I think I've been there before. Before I became a forum member. I once came across one of those scam sites promising to generate bitcoins. Thought it was real, but when they asked me to pay some transaction fee, I was stuck. I had no money to pay the fee. With the benefit of hindsight, I know I'd have sent them the 'transaction fee' had I had the coins to send them.
Now, what have been your experience with internet scams?
How do we help people not to get scammed?
I have not been here for long but there was a time that section of the forum was very popular people threw their bitcoin away in those investments, but now that bitcoin has gone up in price people have become a lot more serious about their bitcoin and they are not going to invest in those scams as often as they did in the past. |
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Interesting that total crypto capitalisation increased more than 2 times during 1 month - from 300B too 700B. And most new money went to altcoins and shitcoins  It is obvious what they are trying to do, the are trying to buy bitcoin but since bitcoin is so expensive that is making alts attractive, then when the price of those lats goes higher they sell and get bitcoin, a lot more bitcoin that thy could have gotten otherwise if they bought bitcoin directly. |
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talk about wallet, i think every wallet is safe. but most of people consider that Electrum is good for saving bitcoin, if you want to save it with hardware wallet,, you need to try Ledger Nano S,, but the price little expensive for me.. each wallet is good to save bitcoin, but you need to test the security first.
No, not every wallet is safe that is the issue, online wallets are well liked methods of storing your bitcoin and yet are on of the most unsafe methods since hackers have a lot of methods at their disposal to hack those wallets that is why cold storage and paper wallets are safer methods of protecting your bitcoins. |
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I didnt expect to see the nationalization of cryptoscamming take place this early lol.
The skepticism in the thread is expected but spare us the "analysis". Venezuela's president is scamming his own people the same way some of the ICO scammers are scamming the Bitcoin community. Believe me, politicians always have their own agenda.
But you have to be impressed. Hes taking scamming on a higher level lol.
Expect this to happen more and more, countries with troubled economies are going to begin to pull this scam more often, gullible people are going to fall for this but those that understand crypto are going to get bitcoin and forget about government issued cryptocurrencies. |
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Sheet updated and payments coming soon.
One open spot for member rank.
Username: slyfox Rank: Member Post count: 191 Profile link: https://bitcointalk.org/index.php?action=profile;u=1177990BTC Address: 19wmSs4U4VwrX2jnayvzCpHCr7eg3qvQ3z NEM nano wallet address: NCUBZL-QFPPXZ-NSGEIN-AHK37H-J33BTW-SIEJY3-QYC7 |
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Yes, of course you can make money on forex if you buy the right stocks to hold.
Lol maybe you should inform yourself before spamming the forum, in the forex market you can only trade currency pairs like the USD/EURO and similar, of course you can make money but you need great skill, experience, a huge bankroll and a little luck. |
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