For example, CriminalA sends 0.5 BTC to mixer. Then privacy conscious law abiding citizen sends his 0.5 BTC to mixer. Do the mixers basically just swap the coins? So the law abiding citizen who is privacy conscious could be actually hurting his privacy?
no it is way more complicated than that which makes it a bit hard to explain. the best way to understand it is to mix once and follow the transactions to see what is happening. basically it is a lot of mixture of coins through a lot of transactions before the coins come back to someone else and it is never going to be 1:1 transfer either. it goes into somewhat of a pool of transactions and comes out the other end. at the end of the day the law abiding citizen is going to have a much cleaner bitcoin (with or without mixing) than the dollar bill in his pocket. there is a higher chance of traces of drugs on his dollar bill. |
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one of the main things about cryptocurrencies (more like bitcoin and not much in altcoins) is being decentralized. and that means no matter what the rules the governments set for bitcoin, people shouldn't care. in the end bitcoin is still going to continue being censorship resistance and they will be able to continue using it just as they were before.
so no, this is not the end of the road. in fact this is a very good test to prove to the whole world that bitcoin is censorship resistance.
Yes,but most of the people using bitcoins and other crypto currencies as a money making tool not for the peer to peer transaction.So the people who uses crypto currency for money earning definitely need banks to buy and sell their coins. But what will happen if the people uses LBC for buying and selling bitcoin which is not an Indian based site but it is available in India,even if India banned that site people can access through VPNs,so this may not be a big problem I think. when talking about OTC trading localbitcoins website is only one of the many options. in fact you don't even need that to trade bitcoin you can always do it in a much better peer to peer fashion and through different channels. there may be higher risks or more work to be done in many cases but that has never stopped anyone so far from doing them. |
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Do you think the bitcoin price was still being manipulated by the whales? ....
not anymore. it is now only newbies thinking they have gotten the hang of how FUD works running around making a fool out of themselves by telling each other dumb statements about bitcoin that they make up themselves, thinking they are making some FUD up and can reach their goals by doing so  |
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one of the main things about cryptocurrencies (more like bitcoin and not much in altcoins) is being decentralized. and that means no matter what the rules the governments set for bitcoin, people shouldn't care. in the end bitcoin is still going to continue being censorship resistance and they will be able to continue using it just as they were before.
so no, this is not the end of the road. in fact this is a very good test to prove to the whole world that bitcoin is censorship resistance.
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you are getting a couple of things wrong.
bitcoin is a digital money but digital money is not bitcoin. digital money is broader than just covering cryptocurrencies. you can also call Paypal digital money and it has nothing to do with cryptos.
also anonymity is not the same as privacy. bitcoin is not anonymous but it gives you a good privacy which should be violated in my opinion.
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let me give you some visual aid of a simple example route including one "scary hub" in the middle!
Ok, now let's say you're AY_Yidliz and you want to pay Maca Macarena and Ln2.binance rejects, then what? All you can do is open a channel with her, pay the on chain fee, wire money into the channel and then pay her. you already have the funds in your own channel and you don't have to make another on chain transaction. you just have to connect to the other LN node. |
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What if THE central hub doesn't want your transaction?
you simply an automatically choose another LN node and your transaction will reach its destination! let me give you some visual aid of a simple example route including one "scary hub" in the middle!   the big scary "hub" didn't want your transaction so you don't use the "hub" you go another route  3 different routes with 3 different colors. in practice it is automatic and much complicated than this. |
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There are almost no 'client-to-client' channels like the enthusiasts predicted, but it's mainly 'client-to-hub'.
nobody i forcing you to use a node that you think is a hub. go through another route. and so what if it is a hub? it doesn't change a thing. it is still processing transactions and won't know who sent it and who is receiving it. the only thing that that hub is going to know is that it is supposed to "process" this transaction and it doesn't belong to it. i don't see anything centralized here! |
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Free Signal for people losing hope: Bitcoin is about to go upto $14,000.
If you are selling, dont sell. Hodl is the key here. Reap the benefit of waiting. For those waiting, invest now, buy buy and buy.
Dont listen to any negative comment below.
dude your topic is just as bad as those saying "bitcoin is dead" or "is falling to $2000" because you are just making a random statement and not even explaining what your reasons or analysis is that you think price is going to rise. and just like the FUD topics, even if it happens your topic is still low quality! and just like FUD topics, it doesn't change anything. |
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the most positive news about bitcoin is that its price dropped! it is may be bad in one level but it is good on many other levels! first it will put an end to all the bubble nonsense that has been going on ever since price reached $900 and was trying to go above $1000  secondly it is a good opportunity for traders to make profit and for all the investors to fill their cold storages with bitcoin as much as they can afford to. and there is enough time to do so too. and finally when all this is done we will have a nice bottom price which we know it will never go below it ever again. like the $200 and the one time $170 drop which joined the history forever... |
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Another misleading article... Exchanges should be more regulated and should follow up the rules of security and other things. You can't expect people to trade on some shady exchange where there is high possibility of losing funds. After the NEM hack they are slowly seeing how exchanges are badly secured. Honestly I agree with the fact for more regulation, even some people will like the idea of exchanges filling the standards provided by their country and might even think to invest into crypto if they feel safe. People are already using shady exchanges, as the exchanges are not regulated yet, so there's a high risk that they will be scammed. On the other hand, the risk/reward ratio is still good enough for them to take this risk, because they can earn way much more money that they risk in the beginning. So people are accepting the risk of these shady exchanges but if the exchanges will be regulated, it will be better from the point of view of the scam risk. Regulated exchanges will not have the benefit of the possible tax evasion, so I'm not 100% sure that all of the traders will be happy with the regualtions, although it will protect their money. those people who don't want to pay taxes are already evading centralized exchanges anyways, regulations or no regulations have no effect on them. so because of that regulations can only be a good thing for the whole cryptocurrency community. for example one of the things that bitcoin has been suffering the most has been the small size of the order books on exchanges so that a small dump crashes the market like what we are seeing these days. a regulated exchange will attract a lot more customers and also people will feel much safer leaving their money on exchanges meaning leaving them in open orders which will increase the size of the order book (it becomes more packed) so the same amount of dump won't crash the market as big anymore. who doesn't want that?!! |
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if you think only bitcoin is going to fall than obviously its better to go with any other crypto as you get dual advantage which is you will be saved from the dip and might also get some return if that crypto rises.
this can't happen! a 9 year history of bitcoin and altcoins has proven that it can never happen because bitcoin will never fall alone. each time there is a bitcoin drop, there is also a much bigger altcoin drop. of course there are always small altcoins that are getting pumped no matter what is going on in the market but they are exceptions and hard to find during dumps. |
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I still confuse, how the ban cryptocurrency advertising will have an impact to bitcoin price?
it does not! it is the market trend that is decreasing the price slowly, we are in a bear market now. and all the rest are just noise in the background telling people's subconscious to feel fear and sell their bitcoins to the whales who are buying cheap coins these days. |
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Yes OP is right we should make a new strategy on it instead of asking about its volatility 'cause market is always volatile time on time and very unpredictable . so must build new strategy by observing it's performance or pattern in the graph rather than relying on others predictions and thoughts.
What could be the strategy now? We see panic on the market. All traders who saw a trend for a long decline in prices have long sold bitcoin. Now we need to reduce the supply. All those who did not have time to sell before should leave the market and reduce supply. This will raise prices and give an opportunity to revive the market. the problem is most people are gambling here instead of trading. trend doesn't mean much to them, they are just looking at current price and some posts on the social media and make a bet. they might as well be rolling a dice! that is why this "supply" never goes away and that is how the whales become bigger. |
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I never thought or found it reasonable for BTC to hit 20k by end of 2017, it just seemed wrong because it's just too crazy thing to happen, however, I was sure that BTC will be valued at 20k in a few years due to high demand and capped supply.
well the way bitcoin adoption always worked is that there are times when a large number of people suddenly find out about bitcoin and start FOMO buying it hence shooting the price up and creating a bubble. and bubble burst usually end up with a bear market. i agree that $20k was unreasonable but also i say $6k-$7k-even $8k is just as unreasonable. my point is, why the hell everyone thinks BTC is dead?
from what i can see there are two groups who are "making this statement" that bitcoin is dead. 1. those who are trying to short bitcoin and make money so they need price to fall and they need more fear in the market so they spread FUD 2. newbies with 0 knowledge about bitcoin, trading and the market who fall for the FUD and lose money. in short don't pay much attention to the stuff you read on the social media and most of the times on the news sites! they are mostly spreading FUD about bitcoin... |
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the price has been falling too fast and too big compared to any previous major dump and bear market that bitcoin has ever experienced before. so it has to come to an end faster than previous times also.
with that in mind we can say it is possible that we see the trend reverse back up again sooner than expected and if that happens then this patterns OP is mentioning comes true.
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this may sound weird but i still think a big part of the current bitcoin drop has been because of all the altcoin dumps so far, not all of it though.
i mean if you think about it, something like 80-90% of the altcoins either don't have a fiat market at all or only has it in small exchanges like Yobit which nobody ever uses. so if someone wanted to dump them and get back to fiat they have to dump them for bitcoin then sell their bitcoin to get fiat. that is a lot of bitcoins being sold by newbies!
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Can anyone tell me what the purpose of Reddit gold is? It appears to be just like the reddit enhancement suite, which is free, but someone else has to pay for it for you. Not exactly the most irresistible offer on the internet.
basically it is a daily donation to help Reddit run its servers since it has only 1 tiny ad on top of it. and to appreciate users who support them they also give them access to some "enhancements". nothing really big though! also you can both buy it for yourself or gift it to someone else. read more here: https://www.reddit.com/gold/about |
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unfortunately we have no large coin, we never did have then before either!
there are cons like ETH which are super hyped and advertised nonstop but that doesn't make it "big" or large! it just proves their advertisers are big!
as for recovery i have to say most of the altcoins won't recover from this dump and many of them will require a long time before they can get pumped again.
if you want to invest, it is best to wait a little while for bitcoin dump to stop and it reaches a nice bottom then start buying bitcoin as much as you can. it has been proven many times that altcoins are only good for short term and as long as bitcoin is stable.
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The current price of Bitcoin is the best time to buy and hold since it look like very soon the bullish trend will commence and probably one will make profit at the end of it all.
Sure just like 17.000 was a GREAT price to buy, $16.000 was even beter, $15.000 was a steal and now we're at $6800. You guys never learn. We'll see $2500 before august, you can make a screenshot of this post. Maybe they'll issue $3billion more Tether to pump the price first? issuing of tether has never had anything to do with bitcoin price and will never have. it was always a big ass FUD that they started to create panic and initiate the dump and start up the bear market. otherwise a lot more new Tether has been issued during the bear market and price has been falling even with the new tethers! |
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