well with your logic then you should go ahead and buy grains of sand because they also are cheaper than bitcoin. and it just happens that there is a finite but huge number of them available somewhat similar to the altcoins that are cheaper than bitcoin!
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there is a lot of things wrong with this topic. the most obvious one that everyone else is talking about is the fact that talking about a tiny rise or fall as if it is a big deal is just showing the lack of mathematical understanding of numbers. second thing which is ignored because the first one was so absurd is the fact that OP is assuming that people from a certain country (in his case Japan) wake up in the morning a certain day of the week ever week and decide they want to sell! LOL
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think of Lightning Network as a layer that comes on top of already existing bitcoin network, and works there separately but still linked to bitcoin.
the way that it will help bitcoin, in my opinion, is that it can take a lot of the transaction load away from the main chain and hence increase the capacity. this "load" can be transactions that happen too often and need to be extremely fast and cheap. for example as a trader you sometimes want to be able to deposit your bitcoin and sell it immediately. right now you have to wait for confirmations but using LN that will be instant and that can reduce the risk of leaving your BTC on exchanges, reduce the risk of losing out of best price to sell,... another example that comes to mind is gambling. like the on-chain gambling that has been happening like binary options, or even the dice games can use LN in which case you don't even have to make a deposit and play with that money. you can have your wallet, make a bet on LN and either pay up when you lose or get paid when you win in matter of seconds all within a channel and with nearly no fee.
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this is really a bad thing. ICOs are being banned all around the world and they were never exactly legal anywhere to raise funds like this and scam people out of their money!
we say it is a free market and all that but unfortunately the decentralization in case of ICOs have proven to fail miserably because people don't seem to grasp the illegality of these things and the damage that they are inflicting on the whole market. i say we need strict regulations with no mercy for ICOs.
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Yes but don't you think most people are buying btc because it is the one that is mainly traded for alts? That's why I buy BTC I don't really hold btc I hodl alts. And use btc to secure my earning that I don't want to fluctuate too much.
this only makes YOU an exception. don't presume others are doing the same as you do. also don't confuse all the discussions here with the following: there are a lot of people who are buying (accumulating or bag holding) a lot of altcoins only BECAUSE they think if they hold something that is worth so little they will become rich when that thing grows as big as bitcoin. in other words they think just because some day bitcoin was worth nothing and now is worth $XXXX then the coin they are holding can do the same. this is very different from investing in altcoins because they have a REAL future and it certainly doesn't mean these altcoins will go up. ps. at the end of the day it doesn't matter what you and i think and what we say should or should not happen. the reality is that altcoins get dumped when bitcoin goes down.
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you should seriously stop reading and listening to what others are saying about bitcoin, so far every single person who has talked about bitcoin has been biased. some more than others. but you will see the traces of it in their speeches without exception.
try to form your own opinion!
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i am honestly surprised to see you have stuck around this long on Bittrex. month ago when they broke their promises and changed their rules and also scammed thousands of users, a lot of big and small investors left it for Binance that is why Bittrex daily volume took a huge hit and i do believe they have been reporting fake volume ever since although it is still so much smaller than it used to be.
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good business is a business that begins, rather than being questioned because the hard thing in doing business is to walk to the first ladder.
well that sounds good but it is not like this at all in reality. a good business is a business that has a good plan, is well thought, and has a little bit of luck. taking the first step comes a long time after all the rest of previous steps of planning and financing,... have been taken. for example imagine a coffee shop on a street which is running a successful business. you can't just go open up another same coffee shop in front of it on the other side of the street and expect success. you have to plan ahead, create something new and offer something different that can compete with the old business and can bring you the customer you need. this is just an example but every business is like this and there are a lot of things to consider.
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haha, true. but i say there is a very good chance that all of this is just a rumor created by these click-bait news sites. they are well known for doing things like this. they make up stories and then it goes viral when every other smaller news sties copies their news. they said they are looking in the technology they didn't say they are creating a new coin.
Them moving into moving money is an obvious step if Apple and Google are already at it. There's no more compelling way of keeping people locked to your platform. I don't see how or why they'd step beyond at most a token of some sort in partnership with the usual banks or card processors. If they started to look into banking the unbanked that would be a vast deal. I've no idea how they'd achieve that though. that may be. but i can't help but feel like creating a new coin by any of these big companies is not going to end well. i mean who is going to use "FaceCoin" "GoogleCoin", etc when there is fiat and bitcoin for centralized and decentralized option. my guess is that if they did really create these coins they will make a lot of noise and get a lot of traction (obviously big companies with a lot of money and a lot of advertising) but that won't last long for them. there is just no point in converting your money to FaceCoin and then making payments with that!
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can you imagine that that some altcoins do 400% ]in one day[/b][/u]?
this is news to you and traders every day strategy for the past 8+ years. what you found out today we have been earning money from for ages. and when i say money i mean more profit on our bitcoins with bitcoin you have almost no changes anymore its either as boring as the stocks or
yeah well in the eyes of a newbie current trend in bitcoin market is boring. and they don't understand what things such as potential and low risk - high reward means. slowly dying the exciting market with the huge growths are the alts.
what you see in alts is not growth it is pump bro. the 400% rise that you see today is followed by a -90% drop this topic will of course piss of many bitcoin fanatics...
nah, everyone is used to silly meaningless topics like this by now, you are not the only one who is doing this. you are not even the oldest one haha
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Jesus fucking Christ.
Let's think this through - Facebook creates a payment token. Do Facebook -
A - Not set a value and make it freely tradeable on Yobit so the money of two billion users is available to pump and dump at will at the hands of a small number of penises.
B - Reject conventional crypto 'economics' and peg it to USD or whatever and not expose the wealth of their users to total destruction.
Think carefully. It's a real bastard of conundrum, innit.
And ICO? Forget it.
haha, true. but i say there is a very good chance that all of this is just a rumor created by these click-bait news sites. they are well known for doing things like this. they make up stories and then it goes viral when every other smaller news sties copies their news. they said they are looking in the technology they didn't say they are creating a new coin.
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everything can be hacked, there is no 100% security ever. there will always be some way to hack everything but it will all come down to the level of security that you have and how hard it is to hack it.
for example in addition to my cold storage i have a desktop and a web wallet and neither have ever been hacked because of the security measures that i take such as password protection, having a firewall, never installing crap that i don't know,...
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people always judge things based on the way they used those things themselves. in case of this market most people are treating it as a big gambling game where they can only make profit if they get lucky, granted when it comes to the altcoin market things are pretty unpredictable.
with the prices dropping and all the bag holders losing money now, there will be a lot more of these statements calling the whole thing a big gambling game and purely based on luck. it has been like years, as they gain money when price is going up everything is fine but as soon as a drop begins everything becomes either a big fat manipulation or pure luck.
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... The Tether situation is probably not over yet if you ask me.
the Tether situation has always been serious and it is not over. it was serious when price was rising and it is still the same amount of serious now that price is falling. but not because of the reasons that have been advertised all this time (talking about all the drama about USDT increasing the price not legit buys with fiat). the argument is about people always exaggerating everything and turning it into a big drama. - USDT might have contributed to bitcoin price rise, in a fake way and its demise can drop the price but it is nowhere near as dramatic and big as it has been discussed. - the whales are manipulating the price both on the rise and on the fall but that is also not as big and dramatic as people like OP puts it.
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you don't even have to see the number you just ask for the shopkeeper to show you a pretty QR code which can also have a pretty coffee LOGO on top of it (the blow one doesn't have the pretty logo) and you scan it with your phone and pay for coffee. in your wallet you can change the setting so that it shows you the value in $ instead of in bitcoin or in any other unit you like! bitcoin:1PaymentAddress?amount=0.00067
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Hey, guys! I am looking for reliable and user friendly wallet to hold my assets. Don't want ledger but some app for iOS any suggestions?
blockchain.info should be nice one for you that secure and friendly as your need to hold your bitcoin. that is a web wallet and web wallets are always less secure than a wallet that is installed on your own device because your wallet is still stored on a server and your security depends on the security of their server. and blockchain.info has messed up enough times in the past to be considered less secure. mess ups like using random.org in the process of creating a new private key!!!
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We all know that the development of a certain country comes from the taxes of its citizens,
wrong. revenues come from different resources specially in countries with natural resources such as oil rich countries, those with precious metals, ... and we all know people who engage bitcoin don't pay taxes to the government,
wrong again. in the countries that bitcoin is regulated people are mostly paying their taxes. of course there are always who evade them. but that has nothing to do with bitcoin. what will happen to a country where 80% of its citizens engage in cryptocurrency? There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
nothing really. the same way you have to pay taxes for different things now that you are using fiat, by then you will have to pay taxes when using bitcoin in place of that fiat. if you are paying your taxes now you will be paying your taxed then too. and if you aren't paying taxes now you won't do it then either!
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why now? where were you when price was rising. i mean price went from around $900 to $20000 in 2017 in only 13 months and you weren't saying anything about Rotchilds and Wallstreets pumping the price up fakely but you are here now that price is going down saying "they" are pushing it down! if you don't believe they pumped it then you shouldn't believe they are dumping it either.
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There is no need to speculate about the price of bitcoin. The most important thing is that bitcoin doesn't die. In the long run, bitcoin has been on an upward trend.
there is actually a lot of reasons to speculate about price of bitcoin! probably you don't see them because you don't own any and have no plans on buying. otherwise as a trader or even an investors people want to know when they can get the best offer, both when they buy (at the lowest possible) and when they sell (highest price possible) to make the most profit.
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bitcoin energy consumption has never been a big issue and it will not be an issue for many many years. the consumption is not even high enough to raise any worries. the numbers are being quoted just to scare the public opinion. and unfortunately this tactic has started recently and probably to push some new agenda on bitcoin and so far we have been seeing the FUD side of it. we will soon find out what the real reason for it is though.
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