There is another name for "buying on the dip". It is also known as "catching a falling knife".

https://www.investopedia.com/terms/f/fallingknife.asp

That article is full of misconceptions.


It is not possible to make Bitcoin mining less energy intensive. It is designed to be energy intensive.


Price drops affect large and small miners equally. It is the cost of power that matters most, not the size of the operation.


Wouldn't big miners use it too? I don't think it will have an effect on the profitability of small miners.


More people mining means a higher difficulty that negates the benefits of higher efficiency. Profitability is not affected.
The profitability of mining has no effect on the price. The opposite is true, though. The price affects profitability.
That quote is confusing. It seems to say that more people will mine because it will supposedly more profitable, but more people won't mine because of electricity costs.

In this case, finding out that this is just an April Fool's joke is a disappointment.

The transaction was confirmed in the next block  ... even before you posted ... but, some blocks take a long time.

Those people that recommend icobench must not be aware that companies pay icobench to promote their ICOs.

1. I can't think of many good reasons for memorizing an address. Anyway, sometimes transferring an address between devices can be cumbersome, but usually it is not a problem and there are ways other than writing it down. Some sort of address registration service might be helpful, but if it were really necessary, it would have already been created.

2. The problem with being able to get your money back when you make a mistake is that you can also get your money back when you don't. It enables the kind of serious fraud that banks and credit card companies have to deal with. If you need a third-party to validate transactions, then you have eliminated the main advantage of a cryptocurrency.

It seems like what you are asking for is a banking system and debit cards. That has all the features you want and it already exists.

The most effective way to lower your risk is to do more research.

I define a bubble as an event in which a speculation-based positive feedback loop pushes the price of asset far above a reasonable value (based on a risk-adjusted discounted future price), inevitably followed by a crash that returns the price to rationality.

Bitcoin is clearly in a bubble (that has popped). However, unlike the FUDsters, I don't believe that a reasonable future price is 0.

This current bubble is not unusual or unique in any way as Bitcoin has experienced several bubbles in the past. This one has been moderate compared to the others.

My prediction is that the price will level out at around $5000 over the next several months and then perhaps start slowly rising again as people see that Bitcoin is not going away.


I have been an active investor and entrepreneur for decades, and I have been actively involved with Bitcoin since 2011. I feel that those who claim that Bitcoin is not in a bubble are the ignorant (or perhaps just wishful) ones.

Unless you can provide proof of the existence of this "cartel" and identify its members, then you have posted nothing more than a grand conspiracy theory.

Furthermore, even if some of the article contains truth, that does not mean any of the rest of it does.

Perhaps you might also consider that if you sold half of your BTC when your wife wanted you to, you would be $1000 per bitcoin richer right now.

It is possible, of course, but just not practical. But perhaps I was being too close-minded. As ico41 wrote, Golem can be used to organize and manage a distributed rendering process. That is one of their reference use cases.

Block chains (at least not Bitcoin) are not designed to distribute data. There are much better ways to do that.

The question has been asked thousands of times. A simple search would have given you the answer:

http://lmgtfy.com/?q=what+happens+when+Bitcoin+hits+21M+circulating+supply

I agree with you (except that you are misusing the term "ponzi scheme"). They are imagining how Bitcoin might be useful, but nobody can come up with a way that it is actually used.


So say the parasites and scammers.

Why?


Anyway, selling for $30 million after $120 million was invested into it confirms the failure that was predicted by many.

Ok, then tell me. What do you use it for? Please don't tell me how somebody else might use it. You say it isn't useless at all, so please tell me how you use it. Thank you.

HYIP is just another word for "scam". People mistakenly believe that a site advertising itself as a HYIP ("scam") isn't a scam. Now you know that HYIP means "scam". Tell your friends.

The sites that rate ICOs (such as icobench) are also paid to do that.

What is not reported is this:


The survey is a paid online survey. The people that participate are not representative of the "American population". People doing paid online surveys are much more likely to own cryptocurrencies than the average American.