In this explanation it seems it is saying one transaction = one block. There are thousands of transactions per block however.
No. One transaction is not equal to one block. The explanation clearly says that miners decide which transaction should be added to the block. Usually the ones with higher fees are preferred by the miners. Miners get a reward of a few bitcoins every time they mjne a block. So there's huge competition sort of thing here. |
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Why would you want to buy coffee with crypto? And the fees are horribly wrong. The fees is like 0.85 cents to a dollar. Crypto is not meant for buying coffee. That's why they are not used for buying coffee. The purpose of crypto shouldn't be mixed with that of fiat. Because they both have totally different nature.
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jes it will happen bitcoin will be dethroned, but you guys seem no to understand something, bitcoin is a propaganda coin, without it having a lot of attention it wont work.
You do know that market cap stands for nothing other than just useless data. Bitcoin may take years and decades and who knows even centuries to get dethroned but when it does, either crypto will go on to a whole new level or it will cease to exist. a large supply and a small ecosystem community, makes altcoin less likely to grow as fast as Bitcoin
the majority of coins, now in play by the whales and always the attention of the investors
Did you even complete your point here? I see something is missing there. |
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And you two guys are hilarious. A major bank decides to deal in cryptocurrency and you're against it?!?! hahah. Totally agree with you that HSBC is a shit bank that's financed a lot of evil things in the world, but Chase bank is banning their customers from making transactions to Coinbase...which of these two stories do you prefer?
I wouldn't call HSBC a major bank anymore. All the banks have lost respect for it, so no. Chase Bank, backed by Jamie Dimon, has always been against bitcoin. Jamie Dimon admitted that he did all the shit just so that he could profit from it. But I also did hear them speaking good stuff about crypto. HSBC and Chase Bank are banks at the end, and both of them suck. So don't give a shit about it. |
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Those sons of bitches were behind terrorist funding a few years ago. Not surprised that now they are moving towards blockchain, it helps the to save their ass. Ever since HSBC was caught, they had to pay a huge hefty fine, they never got up from the lost but they somehow survived. Now this will help them get stronger and who knows, they'll do something much more worse.
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What Goldman Sachs said is that Bitcoin was a bubble which I don't believe myself and I believed bitcoin will start pumping from next month due to the bitcoin payment system implemented by the Russian for the FIFA World Cup game but the Fundstrat Global research predicted bitcoin to cliche $36,000 price ranfe by the end of next year, I know nothing is impossible but can will achieve such ATH next year?
36,000$ per bitcoin? That too by next year? Seems ridiculous to me but not impossible. Thing is that, this year has only gone through a bearish period. If prices go up, then yeah 36,000$ per bitcoin can be imaginable. Goldman Sachs would say a lot of shit. But don't forget that their child companies, Circle runs poloniex now. |
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I think that much like fiat currencies, there will be multiple global cryptocurrencies that will enjoy mass adoption.
The difference is that these currencies will not be bound by imaginary borders within specific countries like fiat currencies.
Technically we are in such a situation. Bitcoin and every other crypto is global. Anyone can use it. It is not bound by imaginary borders. There is mass adoption of bitcoin and the other cryptos. So what is this discussion all about? |
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Am I the only on who thinks that Bitcoin price movements have changed in the more recent months and now more closely resemble that of the stock market (positive correlation)?
It sort of has,because bitcoin is now an investment,to the external new users. This is bound to be a thing now. If my observation is correct, what does it mean for Bitcoin in a coming stock market crash? Will it go down with the market as well, because the BTC market is now dominated by Wall Street investors?
It is not dominated but yeah these wall street investors think that they run the markets. If there is a stock market crash that has any co-relation to bitcoin,in any terms,yes bitcoin may crash too. Otherwise not so much. |
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Does it actually matter now? A lot of alts have a bigger supply than bitcoin,so you can expect that market share to rise. One day or the other,this has to happen. Inconsiderate of numerous manipulations by the rich whales,this will happen.
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- Do you have any tactic going into the crash, we might get one once the future trading starts.
For example: Going into 1 or 2 altcoins that might be good hedges against the BTC.
I don't know. I just figure something out spontaneously and get it done with. I try to avoid losses everytime by not cashing out at the wrong time. - What will happen to alts?
For example: When BTC was skyrocketing towards $19k most alts were red, what do you think will happen to alts if the opposite happens? Will we see some green or red only?
Mostly when bitcoin goes down,alts follow. There might be a few cases,where random alts are being pumped while others are getting dumped. It is basically an everyday scenario. |
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The article seemed pretty cool. He is a little transparent but the last part of the article wasn't a good thing to conclude with. China has blocked off-shore exchanges using firewall/s. That is a little too much,even for china. I get it,they are trying to make a point but still. Ah screw it,let the chinese investor gain something atleast in the name of other chinese investors(even though it doesn't make any sense).
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Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
There is so much wrong in this line. Why the fuck are you even saying something if you don't even have a clue about what you're asking? if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
You cannot close the bitcoin network. What part of decentralized cryptocurrency do you not understand? You know what,screw you,I am not going to waste my time educating you with the basics. |
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I heard even Harvard has such course. And damn,wish I ever had a chance to pursue a career/study a course related to crypto. For those who are living in the US,if you ever get a chance to learn from any of the crypto courses. Don't miss out on it. For all you know,it maybe the best thing that ever happened to you in your life.
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In my opinion; good strategy to invest is that the investor while investing shall have one stop loss limit in his mind. It means suppose one person buys one btc @ 10k but unfortunately the reverse trend appears; at that time without allowing the loss to increase with the continuous fall in the market; suppose i fix one limit to sell back @9k in case the downfall starts. So I will suffer loss of 1 k what ever may be the downfall i.e. suppose the markets falls around 6k I will be saved from further losses.
This opinion,while it may not be the worst I have ever heard,it is not very good either. If you're investing in bitcoin,you should only make sure that you don't want to lose your money,the stop loss would not help when one has borrowed loans to invest. It is a pathetic idea. Only invest in bitcoin if you're able to convert your loss into a profit. The risk is high,so are the rewards. Classic economics/common sense. |
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It's unusual to find a positive outlook for Bitcoin in the mainstream financial media these days but Forbes has published some research by Tom Lee, Fundstrat Global Advisors (link to article). The projection of $91,000 by March 2020 is based on what happened after each of the previous 'bubbles burst'. They also recommend focusing on the main currencies as they see a shakeout of the 1,500 plus cryptos around at the moment. This research has been posted by forbes,I can see at least two ways why Tom Lee made that happen: 1. He wants to gain attention so that people enter the bullish period now,and he is able to quickly profit right now. 2. He is trying to make an impression sort of thing,which again would give him revenue in the long run. There are many more possible scenarios but it doesn't matter. There are so many of these rich investors predicting the price of bitcoin by so and so date,you can't honestly know what will happen. Go with the flow. |
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The aim is to mass produce the physical notes of bitcoin in millions by the end of 2018.
For some reason,I feel that this is a terrible idea. Physical notes would fuck up the entire the blockchain's recordings. Corruption would become worse,and before we know it,bitcoin may even cease to exist. This may seem exciting and futuristic thing but it really is not. |
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But somehow, numerous citizens want also the bitcoin to be centralized, because others believes it can remove barricades and walls to allow more easily reached and democratized financial and economic infrastructure.
Barricades like what? Bitcoin is good as it is. Centralization would fuck bitcoin on a whole new level. You would have a leader who orders/gets things done to bitcoin itself,there would be more regulation,and there would be direct taxes,for example taxes would be on your holdings and not on your capital gains. Come on man,think it through,are you really that stupid to believe in anything that people would say? |
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This is really not a discussion about bitcoin. It probably belongs in the altcoin section,or in Alternative clients. Edit: It belongs to Service Discussion (Altcoins) I guess.
Good that ledger company created this tutorial and I hope this will reduce those people who are becoming victims of these fork coins who are claiming the wrong way.
Thanks. I have heard stories where users lost tons of bitcoins because they didn't follow the exact procedure. |
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The price of bitcoin has returned above $9,000 for the first time since March, having risen by more than a third in value over the last two weeks. Do you think this is a good sign?  Good sign for what? Hatching babies? March was like two months ago dude. You're talking as if it was decades/centuries /millenniums ago. Just kindly fuck away, will you? The price is good as it is. Why do you have to inform /celebrate every time bitcoin hits a specific price? I get you're a fucking jobless but still don't ruin this forum. |
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Today I was on a conference in Vilnius and went on a lecture about cryptocurrencies. I would like to share some aspects which I did't see so clear before. As we know, among those states which want to regulate cryptos, there are those which consider them as property and others as means of payment. The first approach is usually seen when there are tax companies around, because money is not taxed, but possession is. So when a state days they consider cryptos as property, it means they are getting taxed, while this is not the case with means of payment.
What do you think of this?
It is a currency so taxes would be charged depending upon where you live in. However, the taxes are charged in US and Canada are on capital gains that you get from bitcoin/cryptos. So you have to pay a tax only when you cash out. You don't get taxed on your holdings. |
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