|
Cryptocurrencies have diverged. By this point it's too late for alts to crash entirely because they're becoming very deeply known and established. So I think the next bear market will affect both Bitcoin and altcoins roughly equally.
The main triggers of the next bear market would be either:
-SegWit fails to activate again, ETH's lack of scalability makes crypto look bad in general.
-SegWit activates but the Lightning Network doesn't live up to high expectations in terms of merchant adoption --> crypto is believed to be in a speculative bubble --> bear market.
The next bear market will be quite severe if you ask me and a lot of people will have bought in far too late/get scared.
|
|
|
|
Really good in theory, but I think it'll be bad in execution. http://www.newsbtc.com/2015/03/16/fitcoin-an-app-that-pays-you-bitcoin-payments-for-working-out/During the app demonstration, developer Grant Nicol tried the workout and raised his heart rate to 115 beats per minute. With roughly 3 minutes and 40 seconds into the workout, he was able to generate 5 cents in equivalent bitcoin payments. I mean we should all be working out regardless of financial incentive, but have you seen the people it's targeted at?!! Do you honestly think these guys are going to sustain 115 BPM heart rate for 4 minutes to generate $0.05 of Bitcoin? They'd rather go to faucets for 24 hours to achieve that!  Knowing their level of fitness, standing up would probably result in at least 200 BPM. The only problem is that if they live in a country without free healthcare, the six-week recovery from doing that might cost more than the 0.00001 BTC that they received, which is unspendable from the fees anyway basically. |
|
|
|
Not sure what your aim is, but the coinbase NYA voting is just expressing a position right now. The true signalling come next month when SegWit2x code is fully tested.
"Fully tested" in about as much time as it would take to test some tiny little bug fixes.
It's fine. Signalling that they will signal is good enough for now - I see it as unlikely that they'll look at the proposal, which they know about anyway, and say "nah, line 637 is a poor line of code, we can't support this now". |
|
|
|
|
Lisk (LSK), MaidSafe (MAID), and Monero (XMR) are the best coins for that right now IMO. You could also do it with BTC/ETH pairs.
The important thing is that you work on minor fluctuations rather than trends. You need to use some basic technical indicators such as Bollinger bands, and begin to devise a strategy based on that.
The important thing is that you see the range that they're trading in and buy/sell based on that.
Set stop loss pretty high for this because big movements could crush your profits.
|
|
|
|
Hello guys! which site is the best for using bitcoin.  But i have account in two sites. But i don't know which site is the best. which site you like most. But most time i think Coinbase is the best. Because it has three coins of addresses. Such as Bitcoin, Ethereum and litecoin. Blockchain is one of the most highly recommend wallet and many will suggest you to opt for that That suggestion is absolutely suicidal. You're both insane. Blockchain.info gives you access to your keys, but the actual process of using their wallet is terrible. They leave gaping holes in their software for months on end, like when you couldn't set your fees in satoshi/byte and they set your fees to 100-120 satoshi/byte all the time. Coinbase is even worse because they're an exchange, and holding your coins there relies on trust. No Bitcoin wallet should ever rely on trust - you need to be using proper wallets. If you don't want the inconvenience of running a full node then just use Electrum or something. It's really not hard. |
|
|
|
God will never tell his children to murder one another.
He did, and he was pretty direct about it too. If God is all knowing, he's supposed to know what the right thing to do is, so he can't change his mind. I really don't see why all these Christians who don't hate homosexuals don't just call themselves theists and remove the label of their exact religion. People who are homophobic are mentally damage.
They have a phobia on something that doesn't even affect their lives. - except the homosexuals are actually messing up their brains.
They need help.
Homosexuality is entirely fine. There's no point bringing unlimited children into the world for no reason, which is why contraception is used by heterosexuals. |
|
|
|
OK. This is very weird. All these Poloniex withdrawal issue threads. I have just withdrawn 0.05BTC from Poloniex two hours ago, and the transaction has been confirmed in like 15 minutes, so I really don't know what this issue is, or why people are experiencing it.
No withdrawal should need to manually be approved, because then you're at the mercy of these utter bastards. I'd call it either "selective scamming" or "manipulative behaviour to earn profit from the vast amounts of BTC deposited into the exchange". Most likely the latter or a combination of both. Shit man! My withdrawal is experiencing the same problem for the third time, yesterday I tried to withdraw with doge then withdrawal with BTC and it runs fine, but now after I buy ETH then I make a withdrawal on some BTC I have but my withdrawal status is " Awaiting approval "again.
I'm traumatized to withdraw BTC from poloniex, I'd better do withdrawal on altcoin from poloniex.
I'd say try to withdraw it all at once and then leave Poloniex altogether. The risk of losing your coins far exceeds the reward of keeping your funds in there at the moment. Just move to Bittrex or something. |
|
|
|
He didn't really do anything other than sit there and wait for the price to rise. That doesn't make him worth listening to.
Reminds me of this Simpsons episode where a fake boy fell down a well. "That boy is a hero!" "Why, what did he do?" "Well, he fell down a well and... can't get out". It's hilarious how some people just assume that everyone who got rich deserved it, while those people doing manual labour all their life don't. This guy's views on Bitcoin are no more intelligent than ours. |
|
|
|
|
Paper wallets are a form of cold storage, so it's hard to tell exactly what you're talking about.
It really depends on what you're trying to achieve. Personally, I would feel comfortable storing quite a significant amount in hardware wallets as long as I've secured them properly, and this way you can use them for everyday transactions as well.
Paper wallets are inconvenient in that you can't regularly spend from them like you can with hardware wallets.
I say treat paper wallets like a "savings account", and a hardware wallet like a "current account". If you're not absolutely rich, hardware wallets can be a "savings account" too, and can be hidden pretty easily.
|
|
|
|
Ethereum was unusable for a long time because of a single 150M dollars ICO.
Are you sure ETH would handle real world use?
You can ignore all the issues Bitcoin has had in the past all you want Johnny Bravo. The point is not that Bitcoin doesn't have problems. The point is that both have problems, and therefore ETH is not necessarily superior. It's also important to realise that if updates can be passed too easily, it usually means the coin is centralised (if it's quite large like ETH). Bitcoin is currently quite a fringe movement for free money, and ETH compromises this, which is why it's usually not accepted by merchants - because BTC is the free money, and ETH not only is centralised but isn't even much better anyway! It doesn't matter what speculators seem to the price of Ether to be. Once LN is implemented, I regard it to only be useful for smart contracts, and I see that as unrelated to BTC/not in competition.
In the future some cryptocurrencies could well be better than BTC, but this doesn't mean that all of them have to be adopted by merchants. |
|
|
|
Well.
I am from Sth Korea, and there are only two huge market where you can purchase BTC.
I realize today there is a still big gap between Korean market and foreign market.
In Korea they sell 1BTC for 3,413,000 KRW but in preev.com it's 2,941,000.
So, Those of you who can buy bitcoin in USA or Europe, get someone who can speak Korean and sell it.
Well, let's say we got it in Usa and send Korean exchange's wallet. And we sold it out for a higher price in Korean exchange. How the hell will we withdraw our fiat money? This 99.999% won't be possible in your country. For returns s high as the premium on South Korean exchanges, I still think arbitrage between countries is feasible. However, you'd need someone trustworthy, but you also need to deal with a very large sum of money for it to work, so it gets extremely hard to find someone you can trust. There's also always the risk of something going wrong with the exchange or in the transfer. There's also the buy/sell spread; exchange fees; fees of moving fiat; fees of moving BTC; the difficulty of splitting the profits between yourselves; the time spent resulting in you losing money from Bitcoin volatility... To be honest the more you think about it the more confusing it looks. |
|
|
|
I did say mono-citizens, sir. This dude should be serving life sentence without parole. Heck, I would prefer solitary confinement for life for these sort of people but that probably won't happen in a European country. Apparently that's human rights violation...
First let him check his mental state. From what I have heard, this guy seems to be having mental issues. But if it is found that he is in a sound mental health, then I don't support releasing him in to the public. That said, the western governments which engage in Islamic appeasement all the time should ask themselves whether they want more Breiviks in their nations. If you're an advocate of mental health facilities, do you also think that the Muslim attackers should be checked for mental health issues and helped accordingly as well? Especially considering that most of these attackers were born in the countries they attacked in? Or does that only apply to white people? Also, do you support the Conservative Party's gradual systematic destruction of mental health services? |
|
|
|
|
Lovely to see another ICO to fill the gap of cannabis-related coins. I was getting worried that PotCoin and MarijuanaCoin wouldn't be enough to satisfy all those merchants that sell weed and nothing else (almost none of them), and who love tiny coins with no liquidity or security (none of them).
Bitcoin is there for people who can't use the banking system, are against it or a few other things. If marijuana is legal, the main appeal of Bitcoin will just be to people who already know about it or deal with other drugs using it.
|
|
|
|
Has anyone noticed the increase in service(transfer) charges as applied by the cryptocurrency exchangers(merchants) Just about 2 months ago Bittrex was charging 20000 Satoshis but today it is 100,000 Sats Approximately 400%, so many of them have just pushed their charges to the north.They are smiling to their blockchain at our sweat. I was thinking if we can take our destinies by own hand and float our own exchanger. can it be done? Was just thinking aloud !
I think everyone noticed increased fees on majority of exchanges. From major exchanges only Poloniex and Bitfinex still have low withdrawal fees, but there are no guarantees that they won't increase it: https://bitcointalk.org/index.php?topic=1975324.msg19662028#msg19662028People don't like these fees, but put yourself into exchange place - why they would need to send bitcoins cheaper than transaction costs. They are not charity organisation and they only want to have profit. 0.001 BTC is nothing close to transaction costs. Bittrex batch loads of transactions together, and even with high fees in satoshi/byte they end up taking very little. IMO the most fair way to charge fees would be to charge fees dynamically based on the inputs that you've added to the batch transaction - basically, your real share of the transaction costs. Since that won't happen, just give up and use the exchange that seems the most reliable (Bittrex). |
|
|
|
Sounds like you are projecting your biases on others. Slow down on your Black Power BS.
We are talking about ideas, not race.
No matter what you think of others, it does not change the fact that Islam is a mother lode of really bad ideas.
BTW, I studied the Bible, read Talmud and the Quran/Hadiths. All three are the most vile books ever written. Anybody who tells you otherwise either did not read them or is simply lying.
Any ideology/religion that says "us vs them" is fundamentally wrong. It can and will be used to teach hate.
Well, I have studied the texts of the Abrahamics as well, as I have studied the Key of Solomon, the Necromnicon. I have read translated codexs. I plainly disagree, they are all beautiful texts (the Abrahamics) that provide a framework for peace and compassion. Our father Abraham made sure of this. This is why his name is attributed to those works. Although this may mean little to you, it means a lot to me, and our difference of opinion is fine. It's what makes all this shit so beautiful, the fact that you and I are such different things in the same world. All ideologies, at their most extreme end of scale, engender an 'us vs them' attitude. It ties to esotericism, but you must reveal this truth to yourself. Hence esoteric  You are a nationalist, yes? Is this school of ideology not the literal definition of 'us vs them'? Do you feel that your views and opinions influences by said ideology are 'fundamentally wrong'? Provide a text that you believe is 'not vile'. Genuinely curious You are talking about race, not ideas. Be plain sir. We have had fellow humans perish for things that they had no say in, if that injustice doesn't strike you as a travesty, maybe you should reconsider your definition of vile. This is not an ad hominem. You want religion. Try Jainism. If you think those books are not vile, your moral compass is screwed up. Here is a thread on Bible I started a while ago: https://bitcointalk.org/index.php?topic=1367154Chopping people's heads, hands, boiling children, slavery is vile IMHO. Anyway, it best is to stay away from the religious nonsense. It is nonsense no matter how loud you scream that is not. Humanism, secular thought, science is the only way forward for humanity. It is a historical record and a moral/ethical rubric with ritualistic observations of a higher power. I cannot apologize for the actions of those before me, as I had no input. History is indeed fucked up. And when I wake up every day and read the news, I see we may be due to repeat our mistakes. We apparently don't learn. That why you and I are talking right now Man is nothing without faith. You may have replaced my God with your Science, but we both need to understand that there is something greater than ourselves, lest our life have little meaning. The life of a bug has little meaning. Are you a bug, afnewbie? (Can't underscore, on a phone, don't know how at least LOL) Rational thought and faith are not mutually exclusive man. There is room in my world for you. Invite me to yours. And I'm not a Luddite, I believe in technology/medicine. But I believe in a higher power. We are obviously created things. Edit: used to ride the bus with a Jain and a Sikh. The Jain was a cute chick that was a grade above me, the Sikh a side a grade below me. Both cool as shit. I like meat a bit too much for Jainism, and I don't completely believe in overt pacifism. Never talked to Ramen about his faith, can't contribute. By inciting hatred against different religions and causing hatred he is causing: -Tensions between Christians and Muslims; -Tensions between atheists and Muslins; -Tensions between Christians and atheists. What af_newbie (underscore on phone is on the middle left under ?123 if you're using the same keyboard as me) doesn't understand is that their interpretations of the Qur'an and Bible do not matter. Only the interpretations of Christians and Muslims matter. Religion is more of a cultural phenomenon than an ideology. You'll notice that the majority of people who identify as Christian or Muslim do not abide by the violent side of their holy text - this is because their beliefs are individual and in reality they are not Christians or Muslims, just independent theists. The only real problem is the label that they incorrectly put on their beliefs because of their culture. The rest is affiliations that we have made up. |
|
|
|
Why aint we going up up
Were going down 🙄🙄🙄🙄
We're not going up or down, wee're going sideways. I'm grateful for that because rapid price swings over extended periods of time get too stressful. Relative to alts, we're going up significantly. Ether is down quite a bit over the last couple of days. It's clear that Ether has reached its peak, and now that people are realising SegWit activation is likely to be soon it seems pointless except for temporary ICO hype which is frankly embarrassing to blockchain technology considering how shit most of these projects are. I see the sideways movement as very positive, not neutral. Especially when it's rose so much over the last couple of months. |
|
|
|
I apologize if this question is in any way naive.. I'm not really any kind of economics expert. I was just wondering what might happen to the world economy since there are so many new people getting rich off these cryptocurrencies... Just based off speculation or holding the right coins a lot of people have gained in wealth in the past years. And it doesn't seem to be slowing down.
So, you have a lot of 'new money' propagating even 'newer money'... and so on and so on, until a lot of people are pretty rich. Does this mean that there is a huge depression ahead of us? Surely just making more and more money can't go on forever, can it?
I'm sure I'm not seeing the big picture here so please, could someone explain it to me?
In a world of 7.4bn people where you already have some 35 million millionaires I don't see why 100~500 even 1000 new ones would make a huge difference. Add to that the billionaires which even if they have huge chunks of money they can't really change the world (only rule part of it ) and you get the picture. There's just too much value created every day in every possible way to be consumed even by the richest. I different a bit. While a lot of people will likely squander their money on bullshit, there will be some that use the immense capital gain to start serious businesses. Like Coinbase or Kraken, these are pretty large, decent hiring, tax paying corps that are generating revenue for the Fed and State in a meaningful way. That job creation, tax revenue and promotion of widespread adoption are some seriously positive takeaways. Not the biggest chunk of Mammon in the world, but a nice one, at least. I'll be honest and say the majority of early adopter bitcoin will be used on Thai hookers and blow. But 1 or 2 people incentivized to use the value the right way, could effect a huge change. The problem is that if these people are "getting rich off crypto" instead of "investing in blockchain startups and technology", it means they're in it for fiat, and therefore what they do will not contribute to blockchain technology. However, it's false to pretend that rich people spending a lot of money on things doesn't help the economy. It brings all this money back into circulation, helps the businesses which they're buying things from and reduces inequality. |
|
|
|
Its probably not fair to ask them that question, unless they're involved with blockchain they likely have no knowledge or experience with decentralized systems.
Projects they have no experience with mean risk to them. So, I understand that they prefer a solution, which is closer to their traditional solution. But sometimes you, who see potential in decentralized systems, have an idea and would like to ask their support. In that case, you should find the common language with them somehow. Risk to them is not a problem. When new technologies like this arise, you first have a group of pioneers (e.g. Overstock, Microsoft), which begin to support the technology. Hype completely flows around these companies as they don't care about speculation and they're in it for more options to get fiat. Gradually smaller companies get involved because they learn by example and find dramatically easier ways to implement blockchain technology into their business. At first it's treated as a gimmick, but gradually it's seen as legitimate. You're talking about a permanent solution to a problem that's temporary anyway. Decentralised systems inherently can have lower transaction costs because trusted intermediaries are hard to come by. The point is a trustless system. |
|
|
|
It s called core.
What kind of core is not central?
One which openly allows people to contribute. There is a core team of devs within Bitcoin Core, but they don't create absolutely everything. The best way to make Bitcoin Core less centralised is to participate yourself.
There can easily be a different group of devs in the future, but if that's how you view centralisation then they will be just as "centralised" as Bitcoin Core is now. |
|
|
|
|
Recently blockchain.info have actually started having some level of dynamic fees. While their system is far from ideal, it's stopped making newbies sending transactions with 100-120 satoshi/byte and them all getting stuck.
The fees on these transactions were enough for them to get confirmed after a while. If you need them to be faster, the wallet allows you to customise the fees yourself.
While I think it's a great idea to move to a better wallet, blockchain.info is no longer that bad.
|
|
|
|
|
Show Posts
