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It is possible that the price dropped briefly below 5360 euros, activating your stop loss which was executed moments later at a higher price. You got lucky. If the drop lasted longer, it could have sold for a lot less. Anyway, that's just one possibility.
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This looks very interesting. Road map is pretty good too. I would love to see this project succeed bigtime. Qompass provides awesome services. So, yeah it’s very logical to put belief on it. Good luck. Many would be helpful by this post, I’m sure.
The way Qompass is being promoted with all of these sockpuppet accounts leads me to believe it is a scam. I notice that the sockpuppet accounts promoting Qompass are also promoting Bitwatt. It is not a coincidence that the first reply to the OP was by smart_investor123, the promoter of Bitwatt, and that the OP of this thread, cryptoguru4you, made the first reply in the Bitwatt promotion thread. This leads me to believe that both are scams. |
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Wealth comes from creation of value. I think it is up to the creator to determine what to do with the wealth they have created.
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I think one of the problems with the merit system is that many people are not motivated enough to give merits. Most members have merits to give, but just don't.
I suggest a possible solution where the giver also gets merits whenever they give out merits. For example, for every 3 merits, you get 1 s-merit, and whenever you give someone a merit, you also get 1/2 merit yourself.
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Paul Puey is a great guy, but I'm not sure what he is getting at. He's probably making some obscure point that the article is not explaining well.
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Yet another confused author that doesn't seem to understand that the Bitcoin Rich List shows addresses and not people, and that Bitcoin represents only a small fraction of the wealth in the world.
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I wish I had known that people were going view cryptocurrencies as a get-rich-quick scheme. If I had known that, I would have bought ten times as many bitcoins when I bought them 7 years ago.
When I bought bitcoins (and used them), I thought Bitcoin had a great potential for being an alternative currency. I never imagined that so many people would buy it just to hold it.
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Why do some people think this is accurate?
It is not accurate simply because bitcoins are not consumed. With commodities like grain or oil, the cost of production does affect the price because the commodities are consumed and they must constantly be produced in order to maintain a supply. In contrast, bitcoins are not consumed and production is fixed. On the other hand, the cost of mining a bitcoin depends on the price because of the way production is maintained at a predetermined rate regardless of the mining capacity. |
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I don't understand why TOR is part of your choices. What are the risks that you are trying to avoid? Perhaps you could list them.
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Lots of things happened around that time. Any or all of them could have been a possible contributor. Without any more evidence than the fact that the dates are close, you cannot conclude anything more than that it was just a coincidence.
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My idea, probably for an altcoin, is to have a dynamic block reward that moves in relation to the demand of the currency. I have an algorithm that I am testing but the general idea is that if there is increased demand then there will be an increase in inflation via the block reward to offset that demand. If there is a decrease in demand then the block reward will decrease to move the price within the desired equilibrium.
Here are my issues: 1. Your currency is strictly inflationary. There is no way to remove "excess" currency from the economy. 2. You haven't described your "algorithm" for determining demand, and that is the key to your whole proposal. Correct in the truest sense but I am talking about the relation between supply and demand. We are currently always seeing a demand shift on the supply curve. I am simply trying to stabilize it at a market equilibrium. Theoretically it is possible but I guess I will only know when I throw it out there for the world. I suppose the reason why I don't want to disclose the algorithm is that I have yet to release this in practice and that will likely be the truest. Although, people can of course do with it what they want once I release it. I just wanted to let people critique the bare bones idea of such a mechanism. I think that trying to maintain a market equilibrium will be difficult because you don't know the shapes of either the supply or demand curves. I assumed that you were going to tweak the money supply based on the velocity (more specifically bitcoin-days destroyed) in order to match the current production, but that is probably just as difficult to do. |
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At any rate, me and you both know that the value of Bitcoin moves 2-3% per hour at times let alone per year ...
That is temporary. The price will stabilize when we have wide adoption. |
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My idea, probably for an altcoin, is to have a dynamic block reward that moves in relation to the demand of the currency. I have an algorithm that I am testing but the general idea is that if there is increased demand then there will be an increase in inflation via the block reward to offset that demand. If there is a decrease in demand then the block reward will decrease to move the price within the desired equilibrium.
Here are my issues: 1. Your currency is strictly inflationary. There is no way to remove "excess" currency from the economy. 2. You haven't described your "algorithm" for determining demand, and that is the key to your whole proposal. |
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I suggest that you reformat your post to make it easier to read. It is well-written, but most people aren't going to read a wall of text. If there is increased demand then the price will inevitably go up but this creates speculation and hoarding. This means that there is very little incentive to actually spend Bitcoin to pay for goods. I don't believe that it true. If the value increases by 2%-3% per year, then there will be some additional saving, but to say that there would be "very little incentive to spend" seems to be quite an exaggeration. Consider that inflation is the opposite of deflation, and your arguments could be presented in the opposite sense with dollars to show how overstated they are: If there is increased supply then the price will inevitably go down but this encourages spending. This means that there is very little incentive to actually save.
Now, we know that people save even when the currency is inflationary (thought they may save less), so we can assume that they will spend when it is deflationary (though probably less). |
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Dead cat bounce, more likely.
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People are labeling this a "trade war". If the united states is serious about this, I don't think there will be a war. There will be a struggle, china will put up some resistance but over the long term the united states will win and china will be forced to concede and give in to demands. There could be some short term negatives but over the long term the end result could be positive for americans and the united states. Like some have said china needs the USA more than the USA needs china. This gives america leverage in the relationship and enables it to dictate terms.
How do people see this panning out?
Nobody wins in a trade war. Everybody loses. Makes sense, I'm happy this administration does this. Thank the lord someone cares enough to protect america.
You have it backwards. Trump has hurt America in order to enrich his corporate allies. A few corporations will benefit at the expense of everyone, including their employees. |
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Oh come on! Let us not fall for these dirty tactics. We all know this is PURELY business. Of course, Ethereum creator would always make abuzz about anything that has to do with Bitcoin MAINLY because Bitcoin is STILL number one in terms of its popularity, transactions and value. Not to mention it is way too ahead from all others, Ethereum included. Otherwise stated, the Ethereum creator has all the right to have angst about Bitcoin and everything that has a relation to it because nothing ever came close to Bitcoin. There is no real competition so to speak.
I am just wondering, though, whether Ethereum founder meant Craig Wright a fraud or Bitcoin a fraud? Or does his statement connote both? Nevertheless, I think these accusations are baseless and are purely matters of business strategy.
Baseless? You must be new. Vitalik Buterin has been around for a long time, and I know him well enough to know that he doesn't consider Bitcoin and Ethereum to be competitors. Craig Wright is a fraud. That is a fact. So, I agree with Vitalik. Why did the conference have such a person as a speaker? It only makes Bitcoin and the entire crypto space look bad. |
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Hi everyone. I hate to say it but im a newbie with regards to crypto wallets. I found this to be one of the best informative forums online so decided to register and drop a msg. So i've installed my bitcoin wallet. (bread wallet) to be precise and cant figure out how the satoshis or bitcoin are projected or receieved onto the wallet via the unique address. So in the case of mining for example.. Do they automaically sync into the wallet via the address when you complete each task/mine etc or do you have to wait for a certain amount to build up before you can withdraw them to the wallet?. Ive done a few tasks here and there to test it out however when the wallet app syncs it still shows a 0.00 amount. Im entering the correct address. Am i doing something wrong?. I need help with this. Hope i managed to explain this correctly. Cheers.
Your wallet creates and maintains addresses. If you want to receive bitcoins into your wallet, you send them to an address that it provides. All transactions are broadcasted to all nodes, as well as all blocks containing/confirming those transactions. Periodically, your wallet requests information from a node in the network about all of its addresses and it will display their current statuses. Transactions typically take several minutes to be confirmed (included in a block) by miners. If you want more help, you will need to provide relevant transaction ids and addresses |
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Easy. Fix your grammar and don't write a sentence in the form of a puzzle for the reader to solve.
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