If they only give regulation to the 7 coins you mentioned, then I think many people start to leave ico. I think it will have a lot of negative and positive impact on the development of crypto. Well, I agree to their regulation but I would strongly agree if they give you a regulation of all the coins not just the ones you mentioned earlier.
ICO's are a toxic element of this ecosystem. By reducing the number of options that people can choose from, money is more likely going to flow in the more established options that are offering at least some form of use. Imagine what would have happened with this market if all that capital would have been pumped into crypto itself instead of ICO's not contributing to anything. People need to be protected against themselves with everything that's going on in the ICO industry. And if they still want to invest in ICO's, there will always be a way for them to enter through an alternative way. I'm not often on the side of the governments, but I'm definitely in favor of governments to crack down on ICO's. |
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I had seen a lots of good news happening at end of 2014 and in beginning of 2015 and after each good news price of Bitcoin went down.
If it isn't straight manipulation, it's called buy the rumor sell the news. In most cases the price increases in advance of what's going to happen. In case we know that certain things are about to happen, we can position ourselves in the market properly based on that. Last year we have had one major opportunity to do so, and this year with the consensus event. Trading against the sentiment has always been the most profitable exercise in a retail driven market. But like you, I tend to believe that it's the strengthening of what already makes Bitcoin so valuable that will eventually add on to its price: LN is definitely one of those. Yes, as a scaling solution (albeit temporary one in the span of years) but also an indication that the network continues to develop as needed, in the same careful, cautious approach that has built Bitcoin's reputation as mature and robust.
I strongly believe LN to be Bitcoin's killer application. Great thing with LN is that even on that second layer you can run a third and fourth layer, which is insanely bullish. Scaling will be taken care of, people will be rewarded for providing liquidity to LN, everyone will be happy. We need to get rid of the speculative nonsense and make people actually need coins for other purposes. |
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I have noticed what looks to be a keep-Bitcoin's-market-cap-at-$100b trend. If this keeps repeating a couple of more times, it may actually be something to hold on to. If we look at the price increase itself, then it's just as empty as it has been in the last months. We need to go past the $7000 level in order to actually make a difference. Reversing this downtrend is the most important thing for now, not pumping back to whatever crazy levels people keep dreaming about. It's quite fascinating how the sentiment can still change in an instant in this market. From bearish to bullish and maybe back to bearish tomorrow.  |
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In some senses, this is why hodl is better than trading because trading is rigged until most of the volume is on decentralised exchanges where you can verify everything is legit in split seconds like on chain gambelling you can mathematically verify the house edge.
By the time the average joes find out that trading doesn't lead to anything but losses, they have burned through their balance already. People's problem is that they are chasing an income stream resulting in actual gains instead of virtual gains. Holding isn't doing anything for you technically; your 1BTC will always remain that, regardless of the price. Everything people do related to trading, investing in interest schemes, cloud mining, is all done to increase their coin count. It's impossible to convince them to think otherwise; the past years serve as evidence that things have only become worse. BitMex is a casino and not an actual exchange, but one that can't thrive on just its house edge like regular casinos do; the only way for them to survive is to cheat. If they were a honest business, they wouldn't exist by now anymore. |
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You are kidding yourself if you think your ISP isn't already handing over your IP and browsing habits to the government.
Correct. With everything that we do, even if the ISP isn't actually handing over data to the government, we have to assume that our data is compromised by more than just one party. I'm glad I stopped using that sort of sites years ago. I either use free software or pay for that what I find useful and isn't too stressing on the system. In the same way that goes up for content that I consume; everything gets paid for if I think it's worth it, or else I just skip. There is no need to download stuff in today's world. Everything has become far cheaper and isn't worth the potential hassle and risks of downloading stuff. Decentralized cloud and file sharing is the future, and these actions will make sure we reach it sooner. |
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Bitcoin has always been a safe bet and will remain that.
The thing with altcoins is that they come and go based on the current cycle. The first generation altcoins have been slaughtered, literally. I am quite sure that the exact same thing will happen with the second generation altcoins, and the third, etc. Every cycle ends where one or two coins remain relevant, and the first generation altcoins have one winner, in terms of USD value, and that's Litecoin. Litecoin's Bitcoin ratio has been a very bad performer.
I'm curious to see if Ethereum will end up being the winner of the second altcoin cycle, which seems to be the case, but let's not take it for granted yet.
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They dont want to destroy bitcoin. They want to adopt it, but they want us out. To dominate the market, they need the supply, so they need to buy it cheap. Even governments wants it, as part of their treasures.
If you sell in panic, know that big money is taking your coins. Thats how they got rich in the first place: through patience.
Well said. I see around me how people focus on quick gains and not achieve anything other than a quick loss of funds due to their greed. I have always believed that it pays off more if you try to think as a value investor targeting sustainable long term growth. All these shakeoffs are meant to get rid of the potential new elite (because that's what we are) by the old elite. The old elite very well knows that they can exploit people's gambling-like attitude to empty their pockets and make them buy back at way higher levels later on. As always, the elite becomes more elite as years go by, the average joes become less average as years go by. It's not for nothing that most of the average joes have only one potential outlook, which is poverty. People don't realize how much of a precious asset their own. They blindly speculate with it, disrespect it, go for alts, etc. The old elite will become the new elite due to people's stupidity. When will there ever be a time in our life where we get such opportunity again?  |
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Since this is 3rd halving now people are sure that is expected and will trigger price increase earlier. So yes, Bitcoin will get to old ATH so $20000 on Jully 2020
The block halving is just one aspect. We have LN on top of that, and the most important short term development will be the potential ETF approval this year or next year. If this ETF gets approved, then prepare for one heck of a bull run. The main difference is that with the upcoming ETF retail traders are more or less excluded due to the very steep entry point of 25BTC per share. What makes this a bullish event is that this ETF will be backed with actual coin supply. With futures you buy an empty non existing product, with this ETF there is underlying value of the asset itself. Coins are being taken out of circulation, and that's all that matters. We need more use cases where coins are being taken out of circulation. This ETF is one and LN will be one. |
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A lot of experts talked about this date and the fools are those who did not buy bitcoin yesterday when it cost $ 5800. We hope to see at least $ 10,000 in the near future. good luck!
Experts? I don't pay any attention to experts, neither should you. It's far too easy to just point your finger constantly at futures afterwards. It doesn't cost people any effort to say that you should have sold or bought during this or that time frame; words start to have value when you make yourself clear before something happens. It might even be a whale trying to trick people into thinking these futures hold a significant importance, all to later on mislead you with a massive opposite move. I don't take anything for granted in this market. It's too manipulative and speculative for that. |
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Let's see what happens in a couple of days, how much the price will change, I hope this is the beginning of good weather for the crypto currency market.
I agree. It's positive, but nothing more than that. It for now shows that certain market makers are confident buying the price past $6000 but we shouldn't forget that the trend is still down. Lower highs and lower lows is all that we have seen this year; the market has been very consistent maintaining that pattern. Another thing that we shouldn't forget is that markets don't go straight down. Yesterday I had a look at the chart and realized that we were due for an increase with how we haven't had one for a good while, and based on that bought at $5900 and it paid off. Right now the most interesting part will be how the market moves from here. In percentages a move closer to $6000 is more likely than a test of the $7000 level in the coming days, but markets move against the sentiment. |
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shares of Apple are probably more bubble than crypto, I guess
The stock market in its entirety is one massive bubble right now. The far majority of the capital that went into stocks in the last few years is debt and nothing but debt. That being said, professional parties owning significant amounts of Apple shares are way more of a stable factor than a bunch of retarded retail traders or investors are. The bubble in there can last years without popping, but when it does turn out to pop, prepare yourself for what has to come. Institutions will front run your orders and drag the market down before you can do. Small fishes will be toasted badly and eaten one by one. |
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Those $50 fees people were talking about? That's when BTC was $19.5k, more than three times today's price. It's really the equivalent of $14 today. Still a lot, of course, but still a killing in savings if moving anything more than 0.25 BTC (in dollar equivalent) over any other payment method.
Important is the fact that the nature of the insane peak in fees wasn't just caused by the price and the hype, but the massive spam attack that was going on at that point. On one side it was an attempt to discredit Bitcoin for being slow and expensive, and on the other side it were miners exploiting and damaging this ecosystem for their own gains. If miners weren't spamming and letting the difficulty jump up and down, which significantly affects the block times negatively (block times were +15 minutes at some point!), the transaction fees would probably halt somewhere around $15-$20 at peak. Admittedly, that's still far too high, but block space is not free, people need to understand that. Even BCash block space isn't free. Try sending a bunch of transactions without any fees. 32MB blocks and they will blatantly ingore your transactions till a 'neutral' pool feels sorry for you and confirms them. |
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It is good you sold yours but hope you won't regret later and beat your chest for selling a valuable item in the near future.
Of course they'll regret it later on. They aren't investing, but straight gambling; everything they do is pretty much guaranteed to result in disappointment. These people should sell their coins and never come back. There are enough large parties out there more than happy to accumulate weak hand coins all day long. They aren't interested in the tech, they aren't interested in the use, they don't care what they put their money in, etc. Less of these people means less overall scams as well, because the scams we have to deal with today are all thriving on these baboons. |
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Based on the negative sentiment we're going through, it's probably safer to say that $4999 is more likely, especially with how close we technically are to the stated level.
On the other hand, we have gone down quite a lot already, even to such extent, that an increase is very much due, which made me comfortable enough to buy a bunch of coins around ~$5900 today. I don't expect something significant to happen, but at least an attempt to break $7000 would be nice. If you look at the charts, there hasn't ever been a time where the price goes down without occasional boosts.
Current decline almost reaches the two month mark without any increase.
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I'm using it currently, do you think there'll be a problem with withdraw ?
This exchange is fee-mining its own shittoken. Don't use exchanges that are involved in shady practices. Coinbene is insanely small, barely any whales willing to store their funds or trade there, and suddenly it generates over $1 billion in volume out of nothing? This exchange is either creating fake volume, or it's using sleeping user funds to trade with. In case of the latter, they might even prevent you from withdrawing temporarily, till they are done. Even without this, there are plenty of reasons to avoid this exchange. Don't ever expose yourself to easy to prevent risks. |
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As a phenomenon, it was always bound to happen.
Think about it from Bitmain's (or any big miner manufacturer's) perspective: you're a money printing business in essence. You mine BTC in all the most profitable ways possible; mining with customer equipment for 2 weeks before shipping, charging hundreds of percent markup prices for mining units, adding proprietary boosting tech not activated on customer equipment etc. But you still find yourself stuck with thousands upon thousands of last generation miners that are now unprofitable despite all the advantages you ensured yourself.
So, you create an altcoin with the same hashing algorithm, and as compelling a marketing story as you can fashion. If you can get enough market momentum, your old unproductive ASICs can eek out just that little bit more profit before they croak. Maintain that narrative as long as possible, and you've added extra profitability from what would have otherwise been wasted capital.
Great point. That raises another question; couldn't BCash also directly be initiated to prevent a worse case scenario where Bitcoin would fork off (yes, I know it will badly hurt Bitcoin) and deem all Bitmains equipment worthless? It's like a worst case scenario insurance for Bitmain. Without BCash, there wouldn't be anything to fall back on and people and professionals owning Bitmain gear would end up having hardware with little to no resale value because there is no real use for them. It definitely puts things into a different perspective with this in mind.  |
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People have to put things into perspective here. Technically, which does depend on the time of the day and how many unconfirmed transactions there are, you can get first, or guaranteed second block confirmations with just $0.01 in fees.
The priority of the transaction is important here. If a whale or whoever it is wants to move $300 million in coins to seal a deal, you expect them to significantly overpay in fees just to make sure they get a first block confirmation. Even if the current fees are like $0.01, you want to bump up your fees to at least $5-$10 in order to make sure of that. You can better lose $5-$10 in fees than to lose $3 million in value because the price drops while your transaction could have been confirmed already.
I have sent numerous transactions in the last days with fees severely under $0.01 and they were confirmed within 3 blocks. Priority makes the fees.
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This will soon recover. We just need to be more patient as its price may rise or even fall down more in the coming days.
The main problem with people is that they are too focused on a recovery. Let me ask you one thing, what recovery are you hoping for? There is nothing to recover from. We reached the highs of last year based on speculation and hype. How can we expect a market that's struggling to cope with the excess of coins to recover to something that wasn't even viable with all the hype that we went through? Even the hype at that point couldn't sustain the price over $15,000 for long, let alone levels near the peak. We have to reset our expectations and accept that current levels are a fresh start. We can't change anything about the peak that's marked in the charts for ever, but we can do something to make the suffering less obvious and stressing. If we happen to reach the $10,000 level this year, then see it as a new all time high based on regular demand. The market has changed months ago, people here still haven't figured that out. |
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It's a fair prediction. At that point it will be very interesting to see how the miners will respond, because till now all difficulty jumps hinted at miners being perfectly okay with the 'lower' prices. If we see a stagnation in difficulty jumps, or even a slight decrease, we know that miners are starting to get nervous. Right now the next difficulty adjustment is still +10% which is good so far, but we have a few days left before the actual adjustment kicks in.
I will prepare one major buy order once the miners are no longer signalling confidence, and that's probably when we are near the bottom.
Yes, it's still pure speculation, but at least I stick to my plan and won't regret anything afterwards.
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