well according to coinmarketcap.com that is only 6% of total volume, which is yet again another proof that people are giving bitfinex so much more attention and fake power than it deserves.

and it raises an important question, can an exchange with only 6% volume of a 170 billion dollar market have that kind of effect?!!

i have a feeling that this current wave of FUD is going to be the last one. call it a hunch but i think this is the last time we are hearing all this dramatic things about bitcoin such as bans, subpoenas,... and they are starting to get old.

i am just sitting here watching the price go above and under $10k for no reason! just because someone suddenly remember to spread a week old FUD today

as much as i agree with the whole subject of the article, i have to say it was mostly a clickbait article that wasted my time! and it wants my Email so i can continue reading the ending part of that bullshit!
i think the author of it has some serious investment in bitcoin and is scared right now so he tried his best to play with the emotions of the reader to get them to invest, by bringing in numbers of how great bitcoin has been, etc...

first of all this statement:


is scary as shit...
you should run away from BCH screaming even if you were supporting it because it is the proof that bitcoin cash was a hostile take over of some groups with 3 letters in their names trying to take over bitcoin.


secondly, whoever said this quoted statement, either doesn't have any idea what consensus means or they have Alzheimer disease and have forgotten that 95% and eventually 100% of the miners were signalling for SegWit and users, which was majority of the bitcoin nodes were supporting SegWit...

and to put simply the chain with SegWit aka the chain with the overwhelming majority support is as it has always been... bitcoin...

price-wise there are still a lot of investors coming in and the adoption is growing like always but we may not see the same boom for some time. and market needs some correction time before another rallying period starts. but that will happen eventually.

technology and adoption-wise, i believe that since we already have Lightning Network and it is growing fast with a good adoption rate, it can change a lot of things. it will open up a lot of possibilities for bitcoin which have not been possible before such as real-micro-payments, instant transactions, more incentive to run full nodes hence increasing the decentralization,...
and that is all great for bitcoin and you know it will also be reflected on the price.

you seriously have to start either using bitcoin or at least reading some stuff so that you can understand how wrong you are before transferring that "misinformation" to others.

there are two kinds of addresses currently available. the legacy versions which are Base58 encoded, such as the one you see in my profile. go ahead and "misspell" it and try to make a payment, see what happens... if you are using a proper wallet (which any wallet that has not been created yesterday is) then it will reject it.

the other kind is the new version for SegWit called Bech32 which is a base 32 encoded string with error detection in it! if you "misspell" that, the wallet will reject it and will probably even tell you where the error happened.

LOL, yeah as far as investment and money hunger goes, you invest in bitcoin just to get the profit. but to answer your title i have to say yes in times you invest in USD.

i live in a country with a bad economy these days and USD price went up nearly 20% in the past month (or you can say local currency tanked!) and people have been investing in USD here to get something out of this disaster...

no mate, it still is the same thing as before. the same pump and dumps are happening in altcoins as before and bitcoin % of market cap is going down because there are  50-100 new altcoins created with a lot of market cap and also the big bloated altcoins with huge market caps were pumped (like ETH and XRP) and that contributed to the total bloated market cap a lot.


yeah it will happen. it has already happened with XRP, its total market cap is so much bigger than bitcoin's.
that is how market cap works. you create a HUGE number of coins (100 billion or 1000 billion should do) then you only have to pump your coin to $1-$5 and you will have a bigger market cap from bitcoin.
easy peasy lemon squeezy

nah, there is no correlation between bitcoin price and the fees. at least not directly. of course when the fees come down and stay down it will help with more adoption and more usage and all that leads to a growing user base and with it the rising price.
but since (unfortunately) majority are investors, fees don't bother them much.

the "surge" didn't take that long.
after the ATH in January 2017 things were very similar to current price action. the drop and side way lasted until second week of February but the rise officially started and after another big FUD panic in March, price continued upwards 100% rise. and the rest is history.

by August price was already 310% higher from start of the year.

with that said, good news is also like bad news. it is effective depending on how real it is and how well people believe it.

interesting, i haven't heard this one before.

(1) transfer your bitcoin to a new wallet.
if you have a paper wallet, just create a new one and do the transfer.
if you have a wallet which is not deterministic and you have only 1 address, then just create 1 new address.
if your wallet is HD (have a seed) then create a new wallet.

(2) find a wallet for these new coins
you can claim most of them using coinomi wallet[1] it supports most of them.[2]

if it doesn't have a coin, then your only option is to download the official wallet of that coin. always find their GitHub repository and download it from the source.
also make sure to install them in a sandbox (a virtual machine) since they are not exactly trusted.

(3) find an exchange to sell these coins.
usually Yobit supports anything that moves. but it is not such a good exchange and your deposit/withdrawals may get stuck. use it as your last option.

[1] https://coinomi.com/ double check the link to see if it is correct
[2] https://medium.com/@coinomi

ps. it is very hard to say how many because it is hard to keep track of all these forks! there may be at least 50 forks planned, 30 happened and at least 5 turned into scams and died the first day.

i think the community is used to these hacks by now because i don't really see much drama related to this. although it is an altcoin which was stolen not bitcoin but there could have been a lot of drama if it was a couple of years ago.

and it is not as bad for "crypto world" as you may think. it once again proves what we have already known, that the centralized exchanges should die soon and be replaced by decentralized ones.

hopefully Lightning Network and Atomic Swap make this happen faster.

it is because these companies don't tell you "we are gonna scam you, ha ha ha"! instead they are giving you all kinds of promise and showing all kinds of security and give you a lot of assurances. on top of it there are numbers showing "profit" and when people want to believe something, ofttimes they do believe it.

and in the end they are mining BITCOIN. this thing they don't even understand and only see the 20x rise in 1 year stat and think about getting rich by getting paid 1 satoshi per day...

good post. i just wanted to add some thoughts.

the though is that the "crypto jobs" are really limitless because we are talking about a world that is not yet saturated by lots of people. anyone who gets in now is going to be a pioneer. so don't limit yourself to what is known (trading, coding,...) there are lots of things that can be done.
to put simply you can do anything you do in real life in your "real job" and get paid in crypto and call that your "full time crypto job".
if you want the "pioneer" stuff then it gets a little complicated but you can become the bill gates of crypto. right now we lack a lot of things.

i can't really think of anything that is going to profitable (if i could i would have done it already ) but i can give you an example to understand what i mean. imagine the gambling field, the "pioneer" was PrimeDice. now everything is going to be second to them. they are always going to be big and another dice site like bitsler can really try and get as big but that is it. you can't see anymore coming in and competing. now they are the kings of that field making a lot of money.

it seems like bitcoin has created bad expectations in some people. they expect it to continuously give them profit by constantly going up.

i hate to shatter your dreams but that is not a healthy market. a healthy market needs to drop after a rise and consolidate a little before doing anything else.
and at the same time a drop doesn't mean it is the end of bitcoin, and it certainly doesn't mean it will continue to drop just because it dropped for a while!

i suppose such altcoin needs to first see what aspects of bitcoin is making it big and what are the downsides of it. then it needs to have those good features and possibly improve upon then and also fix those downsides.

the features are decentralization which also gives bitcoin censorship resistance factor, high speed, excellent security, irreversibly, and some more.
the problem is keeping all of this while scaling and also keeping the fees to a very small amount, even making it free.

so far there have been altcoins that tried to do this but instead sacrificed  a lot of things. for example sacrificed decentralization by increasing the block size and decreasing the block time. or they ruined the security for example.

bitcoin block time is 10 minutes on average (where did  you get 30 min from?)
and there no longer is anything called block size. it is not block weight which is 4 MB

and any other cryptocurrency based on blockchain technology which wants to stay decentralized needs to have a limited block size. with 1 sec blocks with no size limit, you will end up needing a super server(s) instead of simple computers run by individuals as nodes. and that is required for a decentralized currency.

no, it is wrong because you invested the money you can not afford to lose. it doesn't matter what you think will happen, even if you are sure you can never be sure 100%. there is always a small chance of loss.

best worst case scenario is that price stays like this for a long time and you don't make any profit but you still have to pay the "fees"!

any market that keeps going up for a prolonged time needs to have some downtime to slow down and in one word to Correct.
and that is what's happening right now. the correction of a market that grew too big and too fast. as far as bitcoin price goes i say it is dropping more than it should because of FUD and mainly the weird expectations that people have. like the fact that they expected a big drop because of futures contracts,...
and as far as altcoins go, they have always been like this. they have these cycles then they get pumped for a while then continuously drop until they reach the bottom and then work their way back up again to restart the cycle.

nobody is against Lightning Network.
there are two people, those who don't understand it or understand it a little. and those who are threatened by it. the second group is attacking LN

don't fully understand LN but here is what i know:
you don't open a different channel with everyone. you open a channel then connect to others.

for example you have 50000 satoshi in your LN wallet. you pay 19113  satoshi for a cup of coffee ($2.10) then you see a game skin you like and buy it with 9905 satoshi ($1.05) and since you love me so much you donate me 1 satoshi to my LN invoice.
now you have 20981 satoshi left for later to buy some other stuff...

yeah, why not. they can increase it to 1 TB if they wanted. that it just a limit and it means nothing as long as BCH blocks are only 200 kiloBytes large!

the problems will start and show themselves when mining of full blocks began and lasted a while...