hi guys anyone here who knows why all altcoins are down?
anyone expecting bitcoin to hit 4k again?
Check the news buddy... Chinese ICO ban is causing panic selling all over the place. Bitcoin was in a correcting phase within itself for some reason, now this just made it worse. Don't fall for the panic, the sale of Bitcoin is not justified by these news. Chinese banning scammy ICO's is actually good for BTC, because people will hold their BTC instead of gambling in the ICO market. Hold on to your coins and buy the dip, we will be back up stronger than ever after this nonsense. |
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Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
The bond market will collapse within the next decade pretty much guaranteed due its unsustainable rates, no government will want to deal with that so they will try to come up with laws to try to avoid it which will only delay the inevitable for an even harsher explosion. Once that happens, it will be a chain reaction and even the most hardcore, anti-crypto boomers will be selling their assets and trying to buy anything neutral, then they will learn the lesson and regret not buying BTC earlier. Peter Schiff will remain in denial for life even after boomers and goldbugs become bitcoiners too. |
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Not surprised. The amount of scams happening on the ICOsphere where unbearable. It was meant to happen sooner or later. ETH holders can consider themselves lucky because for all I know, ETH ICO was as much of an scam as the next Chinese ICO. What was the difference anyway? Most ETH developers hold most of the coins.
What annoys me the most is the fact that Bitcoin is paying the price from other people's scams. Now the entire ecosystem is on a bear market, hopefully it's just a correction.
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Using Bitcoin as a store of value means that you aren't constantly making transactions. It also means you require the network to stay decentralized. Bitcoin Trash is mined mostly by "unknown" and Bitmain, and the nodes are all run by some Amazon server. If a lot of people used Bitcoin Cash and it actually managed to fill blocks at 8MB (can't even fit 1MB now ironically) then nobody could run nodes except few people with resources. Eventually due the big blocker mentality the blocksize would go even higher, even if 8MB is already a disaster. Sorry, nobody is going to use Bitcoin Trash for anything relevant no matter how much Roger Ver and Jihad spam the network. |
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very good but im missing $waves and $dmd those will be worth a fortune soon
Why would Diamond (DMD) be worth anything? As a matter of fact, why the hell did it pump recently? I guess is just more random speculation with altcoins. The only thing this got going is that it has a cool name, a cool tag, a low supply.. it's a marketable coin, except the coin technologically is just another random altcoin. Another strenght it has is, it's one of the old altcoins, but I mean, it's just no different from Dogecoin or anything other 2014 altcoin. |
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On the weekend, generally the mempool becomes less filled up with transactions because simply people aren't transacting, they are out doing other things. It could also be that Roger Ver and Jihan Wu took a break from spamming the network (Jeff Garzik probably involved in spamming now too that the want to push the 2x crap) Segwit transactions are growing but we will not see massive usage until wallets are updated starting with Core 0.15. |
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Long-term investment is good for coins having a real team that works and has ambitious plans and has a chance to find its niche in the future. This in my opinion is to abandon Parkbyte and OMG. Everything else is more than inspiring)
Deep Onion, IOTA - 100% Scam, check the thread of the discussion there is evidence.
You think IOTA is all smoke and mirrors and more broken promises? What about Byteball, I love the idea of a blockchain-less crypto, that is really next level technology and not another clone of Bitcoin, but im scared that all of these are scams blurred in technological blabbering that I cannot understand. I just think that the coin that doesn't have blocksize and fee problems while remaining decentralized will be the coin that makes you richer than in your wildest dreams. |
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The only coin I would hold for more than a year is BTC, but following your criteria, with the current altcoins that I know:
A) Bitcoin, Ethereum, Litecoin, STRAT, Monero
B) ZCash, Dash, OMG, Waves, Lisk
C) Ripple, NEM, ARK, IOTA, Golem, Quantum Resistant Ledger (same, because they could be a lot of other things, I just don't know where to put them)
I wish to be holding the coin that goes %100-%1000 overnight, that's why I would add up some other rare coins that are decent.
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We have seen this latest news --> https://www.rt.com/business/401183-russia-power-plant-crypto-mining/ and we also know the Chinese are doing something similar to subsidize their local Bitcoin miners, by selling surplus power to them. Why has other countries with surplus energy, not capitalized on this? Countries with surplus electricity --> https://en.wikipedia.org/wiki/List_of_countries_by_electricity_exportsWhy do they not invest in some mining farms to compete with the Chinese? The USA can manufacture ASIC's in Silicon Valley and go head-to-head with the Chinese ASIC manufacturers. I cannot see how it can be less profitable than selling your surplus energy at much lower rates to neighbouring countries.  You just can't expect governments to try to profit from it, the first phase of any technology that challenges the status quo is to ban it, so we are still going through the "they fight us" stage. I think we will eventually see some sort of "official ban on bitcoin". Hopefully, the government is smarter than that and they try to profit from it in a way that doesn't obstacle its development. |
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I don't know much about how BTC or ETH works, but why all cryptocurrencies takes so long to confirm a transaction. I think even 30s is too long, why cant it be instant like PayPal?
BTC transactions are actually INSTANTANEOUS. It's confirmations that take a longer time (10 minutes) because that's how Bitcoin works. Bitcoin has a block time of 10 minutes and that amount of time was chosen presumably because it is a good compromise of speed, security and bandwidth. The Lightning Network will allow for instantaneous, off-chain transactions that will not need to be confirmed. Credit card transactions take 180 days to confirm, yet I see no one complaining about it. BTC transactions take only 10 minutes to confirm that your money is sent and will never be stolen. Most newbies are clueless and don't value what BTC does enough because they don't understand the concept of decentralization. Once we get Lightning Network wallets and user friendly out, people will no longer complain because they will be able to make instant transactions for cheap which apparently it's all newbies care about. |
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They forked BTC and made BCC. This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it. Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing. This raises some questions. - Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
- How much BCC immediately got converted back into BTC?
- What's to stop people forking again, just to make a killing like this?
Was BCC good or bad in this respect? I would have sold already, if it wasn't for the fact that syncing Bitcoin ABC is such a pain in the ass. I have been trying to sync for days to no end, it seems to get stuck at the end of the process and it becomes really slow. I would try ElectronCash but I don't consider it safe. I guess I will wait, maybe I catch a dead cat bounce. |
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Put simply: - Fiat currency will not be a good long term investment
- Bitcoin will probably be a good long term investment
- Cryptocurrencies will very likely be a good long term investment
- Gold will definitely be a good long term investment
What makes gold a good store of value hasn't changed, and it will outlast everything. It will drop in price as a result of the (likely) coming cryptocurrency revolution, and will drop significantly on a long term basis. None of this will change the fundamental value proposition of gold, whereas Satoshi's design for cryptocurrencies depends on how smart and/or wilful it's wealthiest users are. We will have to see how that works out in the long term, up to now, the wealthiest Bitcoiners have made pretty good decisions in rejecting the hard forks of obvious control freaks. But will they continue to do so? Or will Bitcoin get attacked by those seeking to dominate it from within the group of Bitcoin developers, instead of by an external dev team? Gold, of course, will never have this problem (in spite of all the problems gold does have) I don't think you can say both Bitcoin and Gold will both be a good long term investment. If Gold will be a good long term investment,then Bitcoin will be a VERY good long term investment, because the potential upside for Bitcoin is way bigger than it is for Gold which already got a multi trilion dollar marketcap. With a $100,000 BTC investment right now, you will most likely change your life and retire in 5 to 10 years. Now, if you are holding $100,000 worth of gold... you aren't most likely going to do much when it comes to changing your life. This is simple risk and reward. Gold may be the safer investment, but you can't say the rewards will be the same. |
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Looks like some very old miners are consolidating his address into a new shiny segwit addresses.
Whoever he is, he is a lucky one to mine 50BTC blocks reward back in Jan. 2010.
As we can not prove who he is, we perhaps will never know.
The only way we could know who that is is if when he sends all these to an exchange, the exchange getting hacked and all the information getting released. Since exchanges are centralized and they save everyone's data somewhere, it could be easy to see who was getting these massive amounts of money out. It would require maximum verification levels so the dox would be easy, since you would need an ID picture to get that kind of money out of any exchange. |
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Reviewed a news from webo.com that "Satoshi Nakamoto seemly transacted 3000pcs bitcoin to test SW today".
If it is true, will it influence the current Bitcoin market?
For sure if that is true, it will influence a lot on the current bitcoin price because it will cause a major dump today making history repeat itself. We will see a 2013 like dump if news was really a fact but it seems to me that it is yet another FUD by someone who wants to get btc's price down. It seems to me that the transaction mentioned is just a transaction of someone wanting to test segwit or someone who wants to claim bch. It's not true... it's just an early miner. It points out to January 26th 2010, so it must have been a pretty early miner. I wonder if the Craig Steven Wright history is right, I mean the miner part. I don't believe for a second he is Satoshi, but since scammers always tell half truths, it could be true that he was mining Bitcoin since early on, which he claimed to. I would like to see some data about this, as in a graph that shows the amount of miners over time during the early period, or at least different IP's since we can't know anything else but the IPs that were mining back then. |
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War might cause a catastrophic impact over the growth of bitcoin. Also both countries were technology wise developed, and highly a supportive for bitcoin as well digital currencies. So these countries getting into war will always generate a negative impact, and I don't think there is an urge on war.
To the contrary... Japan and South Korea have shown to be strong markets capable of moving crypto prices (look at Bitcoin Cash's pump which was lead by these markets, and again look at Monero's latest big pump also lead by bithumb exchange which is a Japanese or South Korean one (not sure to be honest) Why would Bitcoin crash? if anything it would pump, because ultimately it is a neutral asset, and it is perfect to put your wealth in it and run to a safe place, no other asset allows yo to do this. |
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If I understand it correctly, SegWit uses newer P2SH (pay to script hash) addresses, which start with a three just like the ones that this person is sending to.
Rather than jumping to the conclusion that this early adopter is "cashing out", we could consider that they're moving their coins to SegWit-compatible wallets - something which people with the opportunity should certainly be doing.
I don't see why. If you have a ton of BTC and you are just holding it for long term, why even bother moving them? they are safe in the classic format that begins with an 1. Most likely it's an early adopter getting ready to dump his BCH or at least to protect from replay attacks when trying to access his BCH. This is no satoshi, his coins are well traced. |
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Hello All
we saw the bright side of bitcoin we saw if you hold any 1 bitcoin from 2009-2014 tell now you make a big profit ..
and every day now see bitcoin higher and if it down in someday be an opportunity to buy more to make more profit .
and also see some altcoins make profit also.
i think bitcoin tell now didn't make someone sad or loss ( expect you sell in wrong time ) but if you hold in any years you are certainly profiting .
so we didn't see tell now the dark side of it ?
where and when we can named it ' the dark side of bitcoin happen now ' or it happen already ?
thank you.
We already saw the darkest times of bitcoin during MtGox apocalypse, losing like 90% of the price, and we survived, now we are sitting at heights that a lot of people never deemed possible, or at least unrealistic un such a short amount of time. We are now x3.4 times an oz of gold after such a fatal crash, it shows how resilient BTC is, and after the MtGox disaster, I just dont see how it can ever get worse than that anymore. |
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How much do you think Stratis will be worth?
A potential coin and excellent team behind.
Stratis now 0.0016 Btc
Stratis is priced at 0.00172300 as of the moment. That is as far as the Bittrex exchange is concerned. That is already a high achievement for Stratis. The climbing has been consistent so far except a little down after a spike at 175k satoshis. But this is not the ATH nor the end for the Stratis climbing. There are still a lot of spaces higher for Stratis. I was going to buy STRAT because I liked the idea of they using a more accessible programing language than Ethereum which uses the awkward language that they created for the apps. They also got Microsoft on board as far as I know. But then, NEOs came in with a lot of people on board including big Chinese people, and they also offer more languages, so now im worried to buy STRAT because im worried NEO makes it irrelevant... |
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I saw this yesterday on MadBitcoin's show on the World Crypto Network which I recommend btw: https://www.youtube.com/watch?v=LtGJBjGQXq4It's a good way to keep up with everything relevant that happens on a daily basis without having to read anything. I like to watch these videos while I do other things like a radio program. As far as Vietnam accepting bitcoin goes.. well the more acceptance the better, we'll see what impact it has on the market. |
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Hello! I am not sure if this is the wrong board or not, but I would like to ask. Why are the transaction times so slow? I have sold an item online around 5 hours ago and my transaction is still on 0 confirmations. Transaction TX:IDIs there a problem with my wallet or is it just the network that is currently slow. The blockchain is under attack, look at the obvious spam on the network. They spam the network in order to make newbies like you complain about it and then sell their centralizing big blocks solution, so don't fall for it. Pay an higher fee if you are so impatient to get your transaction confirmed or wait for the spamming idiots to run out of money, do not sell your real BTC for shitcoins because of this. |
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