Warum Bitcoin-Anleger die Flucht ergreifenhttp://www.n-tv.de/19932958negative Schlagzeile mit informativem Artikel, der unter anderem Segwit, Bitcoin Unlimited und Segwit2x anreißt. Anders als der Titel vermutet geht es nicht nur um Negativschlagzeilen, ein Absatz ist z. B. mit "Eine Krypto-Blase? Mitnichten." betitelt. "Auch die Investmentbanker von Goldman Sachs wittern Ungemach. Sie prognostizieren einen Kurssturz auf 1857 Dollar." Hätte nie gedacht dass ich jemals diese Zeilen über Bitcoin lesen würde  |
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I don't think we're overcomplicating Bitcoin. You don't need to know a whole lot about hard forks and UASF to continue using it as a regular user - as a regular user all you need to know is that there are certain timeframes where it may be wise to avoid making transactions. The details behind it don't really matter. You can get involved, but you don't have to. However that you can get involved is one of the greatest privileges of crypto. Getting involved in traditional banking is a tad bit harder. Bitcoin was not made to scale as easy as newer blockchains are, mainly because newer applications knew the problems they had to overcome by looking at Bitcoins mistakes.
I personally am not fully convinved of the scalability of newer blockchains yet. Most of them have to reach Bitcoin level transactions yet, and those who have, even if just for a short time, didn't scale so well either. (I'm looking at you, Ethereum) |
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I agree with a few other members here. We are past the "let's fight it" era and have entered the "we must create our own to compete" era.
In my eyes, the tech behind Bitcoin is not great compared to other newer currencies, but it has the reputation and dominance. And to me, that's enough to keep Bitcoin at the top of the crypto game for years (or decades) to come.
Exactly. Ultimately it's about how much trust you have in a cryptocurrency and trust takes stability and time. Bitcoin has survived a lot of crises in recent years, most alts still have to prove that they can prevail and are not yet-another-alt. BTC dominance is kinda hard to take serious as a metric if you see Ripple in third place. |
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That's the first big bitcoins news from Austria. Congratulations! I hope that fact will support spreading of bitcoin and it's future mass adoption.
Actually few days ago it was published that a big post office chain in Austria is going to sell Bitcoins. So there was bit more then just this  Not just "a" big post office chain in Austria. The post office chain! So that's quite something. |
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Can anyone give a short answer about what the chain split is I have had a read around but still learning what everything means
I also have over £2,000 in bitcoin would like to know.
Thanks
That means that there's a chance that there will be 2 or more versions of Bitcoin in case that miners can't reach a consensus on which version of the Bitcoin protocol to use in the future. For you right now that means: If you have your coins in cold storage or a desktop wallet, don't worry. Just sit the critical timeframes out (ie. don't do transactions), worst case you'll have Bitcoins on both (or more) sides of the chain. If you have coins on exchanges or an online wallet, it may be a good idea to withdraw your money to a local wallet, or at least do some research on how your exchange / wallet provider has planned to handle a possible chain split. Here's a more detailed article: https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/I hope it helps. |
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Since all fiat is a claim on something that doesn't exist, it is credit.
Fiat is not a claim on something that doesn't exist, but rather a reflection of wealth of a society. The wealthier a society (ie. factories built, products sold, services rendered) the more fiat there ought to exist to reflect this growth. Of course there's a lot that can go wrong along the way (hyperinflation, etc), but it's important to keep in mind that at its core fiat is rooted in something, ie. wealth. |
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for that i always suggest everyone to buy in steps. you first come up with a price range that you speculate is the bottom or won't go lower than that. for example $1900 to $2100. then you start placing all your orders.
majority of them in this range. then you place some lower orders but smaller for example you place $8000 in total of 10 orders in that range then place 2-5 orders of total size $1000 in $1800 to $1900.
also you place some orders above the highest price for example at $2200 you place 2-5 orders of total size $1000. As a variation of this, you could also go the route of dollar cost averaging and simply invest over the course of a predetermined timeframe regardless of price (say, USD 500,- each day for 20 days, or USD 1000,- each week for 10 weeks). This way you can even out large swings, without trying to guess a possible bottom. Either way I definitely wouldn't invest the lump sum of USD 10,000,- at once. |
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If you think the fundamentals of Bitcoins are strong enough, you won't worry about a small drop such as this. Corrections happen in every market, and with the higher volatility of Bitcoin the swings are stronger of course.
Every problem we discuss revolves around bitcoin and its potential. All the fluctuations and adjustments, they are causing losses to a lot of people, but conversely, many say it is good for the market. It's only a loss if you sell. If someone gets spooked by Bitcoin dropping down to the price levels of 7 weeks ago, then they probably shouldn't have invested in the first place. The fundamentals haven't changed in the past few weeks, only the price has. |
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Bitcoin miners don't want third world profits ergo there won't be any provision for them.
I believe something will spring up eventually that does allow anyone anywhere to get a foothold in the online economy. I also believe Bitcoin can never be it in its present form. Lightning Networks won't solve anything of that nature as they require on chain transactions.
On chain transactions are required to pin Lightning Network to Bitcoin. It would still save a lot in transaction fees because you wouldn't need to do every single transaction on chain, just the initial one. |
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This might be a dumb question, but I thought I'd ask it anyway. I've noticed that every time Bitcoin significantly drops it drags down the prices of alt coins. Now let's assume that the price of Bitcoin skyrockets in August. Would that increase the price of most alt coins as a result?
Depends on your point of view. From a Fiat perspective, most alts usually stay at more or less the same level. Which means that from a Bitcoin perspective, they drop like hell. Most alts only flourish when Bitcoin is somewhat stable or slightly growing. |
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There are so many coins, over 95% of them will be dead and will never EVER have any real usage. I see people shilling shitcoins on twitter, telegram, slack, etc. and all that so they can later dump on people that are new to the crypto and fall for this. It's setting a very bad image for newcomers and taking away money that could be invested in the growth of real coins with potential and future. If you say something or try to warn someone, you are called a troll or FUD spreading because everyone in crypto right now thinks that they will get rich quickly on some coin that will be dead sooner or later.
ICOs... same story, I don't even want to start with this... Why are people so dumb and how to prevent this?
Warn people that are willing to listen and have everyone else learn it the hard way. It's a free, unregulated market after all and IMO it should stay that way. Most people know its pump and dump anyway by now, so they just play the game... which is fine with me, as long as they know what they're getting into. The market will (and is) correcting itself. People will learn their lessons. Most alts and ICOs will continue trading in low levels near obscurity. Bitcoin will move on. And some time in the future we'll have the very same hype cycle all over again... |
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If you think the fundamentals of Bitcoins are strong enough, you won't worry about a small drop such as this. Corrections happen in every market, and with the higher volatility of Bitcoin the swings are stronger of course.
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No such thing as eternal growth. Whenever Bitcoin grows, the alts grow even more. Whenever Bitcoin falls, the alts fall even harder. Bitcoin is going down because the ICO developers are selling their ETH for BTC and then selling BTC for USD and then selling USD for Lambos/Blow/Hookers.
♫ It's the circle of life... ♬ |
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Once again the alt coin market proves to be a bad hedge against a BTC drop :X
Still kinda disappointed that ETH got pulled down so strongly as well, I almost believed that ETH finally was an alt that managed to decouple itself from the BTC price. Same old, same old.
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Short of catastrophic global events I'm pretty confident that Bitcoin is here to stay for a couple more decades. Question is whether it will stay relevant or return to a shadow existence in the weird corners of the internet.
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I am sure the curriculum in colleges is influenced by the country you are in and the government which is in power.
If you are in a socialist country, then the economics classroom is likely to teach anti-capitalist, pro-socialist, propaganda.
If you've ever seen the term globalist used in economics or political discussion. Globalist implies anti-capitalist, pro-socialist, propaganda being pushed on a global scale. Many globalists are secretly members of the communist party. They're the ones who hate america and want to see it destroyed, they resent the sight of the american flag as its a symbol of capitalism and freedom. What is this, the 1960s? Is communism-scare still a thing in the US? |
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In recent weeks LTC has gained traction, that's true. But don't forget that LTC didn't fare well in the BTC bear market of 2014-16 either. LTC still has to regain its pre-bear-market price level of > 0.033 BTC In fact, the question is not so much about Litecoin here It is more about Bitcoin itself and its failure to efficiently and effectively solve the issues its currently faces. Litecoin has SegWit and Lightning Network activated already, but they are utterly inconsequential so far (since it hasn't yet reached the level of adoption where they would make a difference). In this way, the current rise of Litecoin is mostly due to Bitcoin's failure, and, ironically, if Bitcoin starts spiraling down as it had been growing in 2014-16, Litecoin may regain its price levels of over 0.03 BTC per coin without actually rising in dollar terms just due to Bitcoin going down Good points. Will be interesting to see whether SegWit and LN will differentiate LTC enough for it to be not taken down with BTC during the next bear market. The alt coin market still smells heavily of pump right now, so I'm skeptical how much of LTC's recent recovery has been on its own merit. |
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Your Username: HeRetiK
Position to Apply: Sr. member
Your Current Post Count: 495
Your BTC Address: 14wcruSDsiwSyHSRoC4cAb4UqTAJdGSJ5V
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This bear market, if it's a bear market, won't last long in my opinion. It's a growing market and we will rise again in the long term.
Btw only good project with real usage will survive and those recently overhyped may hurt a lot.
Yep, and that's where a lot of people will get burned. Pretty sure that only a miniscule amount of projects will even survive the next 2-3 years. |
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