Now that we have a lot of new noobs thanks to the latest price peak, it's time to revisit the classics: https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4Whenever someone points out at how "bitcoin is lossing marketcap" while at the same time selling you some altcoin, chances are he is a scammer trying to FUD you with a flippening scenario and how you should buy his shilled coin which "will soon" flip Bitcoin". Most likely, these scammers are often compromised of fork pumpers (BCash etc) or Ethereum/Ripple scammers. Beware then. |
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If the dollar system collapses, Bitcoin will go up. And if they try to purposely dump Bitcoin into oblivion, it doesn't matter, there are a ton of people dreaming with lower prices. It will quickly bought up again. Nobody but braindead idiots would sell their BTC for 3 figures ever again.
Once again, Bitcoin has a limited supply. The governments can't change that. There will always be a demand for a global decentralized digital gold. The governments can't change that.
Conclusion: demand + shrinking supply = price always goes up in the long term.
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I browse different forums where people talk about crypto and I have noticed the number of FUDsters is directly proportional to the higher the price goes since the last bottom.
This fact proves that there's a lot of pissed off people at how they lost their money by selling low, and this also proves the moment it starts dipping as they try to convince you to sell, they will be getting ready to buy back in.
If you aren't a a good trader (and chances are you aren't, it's too hard to predict the market) seriously look at the HODL thread and read.
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since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.
But you're only making assumptions, it's not something that you can guarantee with 100% certainty, bitcoin started increase a lot, we got to $10,000 and all news channels were euphoric and very optimistic and posted forecasts every time: "analysts predicting that by 2019 the price will be $40,000". even John McAfee made absurd predictions. the price reaches $12,000 and news channels remain euphoric and posting very optimistic forecasts and the cycle repeats up to $19,000. people sell their altcoins to buy bitcoin and used their credit/debit cards to buy bitcoin... so the price drops and many people enter in panic and sell their bitcoins... that's because people think: "if in a few months, the price went up from $1000 to $19000 - because it can not fall from $ 19000 to $1000? " so they sell! What I want to say is that it is quite normal for people to sell in panic because nobody can guarantee with 100% certainty that the price will go up I have no doubts personally that we are going to go for newer heights, eventually 6 figures a coin, there's literally no doubt in my mind, because I understand the implications of what bitcoin is as a store of value, and what bitcoin can become with second layer scaling. It would require a total disaster for bitcoin to fail, but outside of that, we will keep going up long term while surviving the obligatory bubble and burst cycles that anyone that has been in bitcoin for a while is comfortable with. Of course, nothing is guaranteed in finance, but nothing is guaranteed in life, in the sense of you can die tomorrow in some stupid accident. But if all things go as they should, we'll see 6 figures per coin within the next decade, probably way earlier than most can fathom. |
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Basically, Tor hides your real IP, makes you harder to trace, encrypts your traffic, and makes whatever you're doing on it safer (and slower) in general. If you have no need for those, then you likely don't need to use Tor. The average person probably only uses it for sensitive activities and normally wouldn't classify Bitcointalk as such.
You should classify Bitcointalk as a sensitive activity. There are a lot of hackers and generally bad people in this forum, constantly trying to steal your bitcoins. It is entirely reasonable to use Tor Browser here, because the IP is hidden and the traffic encrypted. You also want to disable javascript specially when opening your PM box. All it takes is for someone to place an exploit in a link attached to an image and your computer could be compromised or at least your IP revealed to an attacker. For anything that has to do with Bitcoin, I would sure use Tor Browser or anything else of similar nature simply for the amount of scammers and hackers that are all over the crypto world. |
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Do you know which products Binance will launch in the future?
Could it be a own blockchain, wallet or lending-service,...?
I mean they have a lot of money and a very strong team....
What do you think?
I`m pretty sure Binance will grow. So I`m considering to buy a huge amount of Binance-coins.
Future decentralized exchange site, but you can try to read more about that in the binance's site. Binance is not having any interest to build lending platform. The team has stated about the binance in development to make the future of decentralized exchange with user-friendly interface. There are so many people are talking about that right now. What are the details on their supposed decentralized exchange model? I would only trust it if it was working under the lightning network and in general payment channel solutions, otherwise im not going to trust their proprietary software to be honest. The lightning network protocol has been developed (and is being developed) by the best minds in crypto. Anything released under taht protocol I can deal with, but not if they add their own solution. I would at least be hesitant to do big trades for a long time until it's time tested. Man I can't wait to be able to freely trade cryptos anonymous so I don't get my details stolen and scammed by crypto exchanges. |
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Finding coins which have never had their fist notable pop is really hard. Most will most likely stagnate into nothingness, but if you want to get involved in a project early (even if it already had it's own bubble) I can't stress enough to look at Poswallet: https://twitter.com/poswalletStakenet is coming soon. People speculating with PoS staking will all join this website, it's going to be huge, and I think we are going to at least re-test the previous Bitcoin ATH again, which means it's a good time to get in, at least x10 upside. |
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I supported Fantomcoin when it was dead, mostly because I had some, then I was unable to move then or do anything about them because the network was basically frozen. I think I actually lost them on Poloniex, it got delisted and I didn't get them out of the wallet. It's unfortunate, it would have been competition for Monero I guess.
I was going to sell them anyway, but like I said, the network is frozen. It's pretty bizarre when a coin dies, everything just becomes frozen like a frozen universe (some say that is the final fate of the universe).
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Just an update on this... we are on a good track, almost hitting 10k satoshis. We are getting close to ATH. Unfortunately this got interrupted due the massive Bitcoin crash but it's going up again along with Bitcoin. Just look at the graph and you will see the dip then the recovery. ATH for the year has been 8k.
This is taking over guys. Get some POSW, it's going parabolic. It's one of the few coins I have some hope for. When ETH goes POS we are going to see higher highs easily.
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Judging by the past performance of bitcoin price analysts, you may get a better accuracy rate by following lunar cycles. I wouldn't count on it tho, it looks like we are recovering. $5900 could be the low of the year. We are making a very healthy progress compared to the $20k bullrun which was getting out of hand. Notice how we are making smaller dips to consolidate the price. We broke $10k, we went below it again for some hours, and now we are above again. This is a great sign. This is how good growth happens, not uncontrolled clusterfuck bubble mode as we saw last time.
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Not themselves. Some of them hate “the market”. A friend of mine is like that: he used to buy when there was a bubble out of MOFO and to sell when the first dip came, out of panic. Now he doesn’t buy any more, he just wastes all his money, as he thinks “the market” is corrupt.
I think you meant FOMO, not MOFO  Anyway, these guys are the biggest losers. They see bitcoin on the news, they buy the top and it starts crashing, they (once again) look at the news and see how "bitcoin is crashing", and further crashing ensues causes precisely by these watching the news and paying attention to fakestream media. Notice how during this cycle, none of them even bother to research what bitcoin is and why is it valuable (and why you should only look for the long term and ignore market noise) |
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$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.
Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.
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Please enlighten me, why is calling Bitcoin "Bitcoin Core" a bad thing? I don't see how that hurts the brand in fact I thought it was what it was called. Good job on the propaganda on their part....  You should ask why they would want to push the name Bitcoin Core. It's to alter the Bitcoin image to either make Bitcoin Cash seem an equal, or to in time reclaim/hijack Bitcoin name. I have no issue with Bitcoin Cash, I believe the purpose of the fork highlighted a problem in Bitcoin that too many are in denial about, however this sort of activity is underhand and they haven't actually gone on to develop Bitcoin Cash so it does end up looking shady. I would have no issue with Bitcoin Cash myself if they didn't claim that it was Bitcoin. The idea that a fork which was born out of consensus claims to be Bitcoin (while ignoring the rest of the people that didn't agree with the fork) is completely retarded and misleading. Bitcoin is ALSO lack of consensus. So if some losers can't deal with the fact that there is no consensus to raise teh blocksize, go on with a fork themselves and then claim that is Bitcoin, it is a de-facto scam. Pursuing the scaling way via raising the blocksize constantly so they never get full is a reckless way to go but im nobody to stop them from doing so, but do not claim that is Bitcoin, no matter what the hell the whitepaper said. If there is no consensus to do something then deal with it. |
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Please enlighten me, why is calling Bitcoin "Bitcoin Core" a bad thing? I don't see how that hurts the brand in fact I thought it was what it was called. Good job on the propaganda on their part.... Because Bitcoin is a network. It doesn't matter if you are using Bitcoin Core, Bitcoin Knots, or any other software that follows the nakamoto consensus rules. As long as this is the case, you are: 1) Using Bitcoin 2) Not using an altcoin That is all. Which is why Bcash is an altcoin, as it is a different network. Bcash shills deliberately push this agenda of calling Bitcoin "Bitcoin Core" in purpose. |
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If I want to generate for example 10 Ethereum addresses and I want to use Myetherwallet , I have to create 10 different keystore/.json files and then use these files to access each address separately? Because that seems insanely annoying, considering that in principle it's advice against re-using the same address, I would have a bunch of these files to store, each with their own password...
Can I just get a file that can work as a seed that can spawn a bunch of different addresses? for example, you can use electrum, and save a file that you can load in electrum and have access to as many addresses as you want, not only 1 address per file. Is there any wallet that does this?
Let me ask you about that! if Ethereum wallet of yours will get hacked and having only one file or private key. what will you do then? everything with ethereum is kinda good now and more secure. Never public your main wallet address and put all your tokens there. remember that just your eth address can see all your belongings in crypto. True, I would never store big amounts of money in Electrum for instance, as I don't like the idea of my seed to somehow get hacked, giving free access to all my existing and future-derived-from-the-seed addresses. However, I would be able to deal with this risk for small amount of ETH tokens. It's mostly to receive payments for the signature campaign im in. Lately, it seems they want to give payments in both BTC and the token they are promoting, so a lot of people are researching how to get an ETH address for the first time because of that. I have decided to go for the keystore file for now, I will research the mnemonic option later, thanks. |
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And in a turn of events, the community goes against this and they have to retract themselves and claim it was "an error": https://bitcoinist.com/shapeshift-apologizes-bitcoin-core-blunder/Im so sick of Roger Ver's shenanigans, but it shows that people aren't buying. Every time you see a service listing Bitcoin as "Bitcoin Core", "Bitcoin 1MB" or anything other that what it is (Bitcoin) call them out and expose them for being absolute scammers of monstrous dimensions. |
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This is spot on. Anything that is revolutionary goes through massive price discovery bubbles in which wealths are created (and destroyed, as FOMOers are the ones that will most likely panic sell at a loss).
What matters are the long term winners. Sure, the dotcom bubble popped... but the long term winners are the ones that really made Billionaires. Ask anyone that held their Amazon stock through the crash until today, and Bitcoin IS the long term winner.
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If I want to generate for example 10 Ethereum addresses and I want to use Myetherwallet , I have to create 10 different keystore/.json files and then use these files to access each address separately? Because that seems insanely annoying, considering that in principle it's advice against re-using the same address, I would have a bunch of these files to store, each with their own password...
Can I just get a file that can work as a seed that can spawn a bunch of different addresses? for example, you can use electrum, and save a file that you can load in electrum and have access to as many addresses as you want, not only 1 address per file. Is there any wallet that does this?
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 That is it, the internet in all it's glory, dated as old as 1973. In this historic document, you can see the entire network in a piece of paper. Back then most people would have said it would never scale, the idea of everyone on the planet connected to the internet was absurd. Similarly, assorted scammers and short sighted morons claim Bitcoin will never scale (as they sell you some shitcoin claiming that is the one that will scale in order to steal your hard earned BTC from you). Just put things into perspective. This is a long term race. Bitcoin protocol is TCP/IP, secondary layers like LN are HTTPS. We will scale and and we will be all over the world. Beware of scammers claiming otherwise, specially when they sell you some altcoin. A lot of other similarities actually! The media used to demonise the Internet too, saying it was a place where scammers, hackers, paedophiles and gamblers would hang out. Of course, it was probably quite true, judging from my own early experiences there, but hey, early adopters who weren't bad people weren't newsworthy. It also reminds me of the very early people on Internet. You'd literally get people reaching out for helpful advice, technical docs, just to help a guy finding his way online - much like some of the very able users on this forum. On scaling, Antonopoulos said in one of his lectures many years this was also a good comparison. The Internet has always been in lagging behind in scaling. And it still struggles behind the scenes... it's a perfect problem to have, if you think about it. Success breeds problems, and none come faster and stay longer than scaling! Current media phase is similar, or actually exactly as this was in 1995: https://www.youtube.com/watch?v=lskpNmUl8yQAnd you can see a lot more in youtube. Celebrities where talking about it too: https://www.youtube.com/watch?v=0NIPGmziNG0This is similar to these that say now "it's too late to get rich with crypto, everyone is talking about it". Everyone was talking about it in the early 90s, but who actually had internet? and how primitive it was? People quickly forget how much things changed from 1995 to 2005. After the 2000's bubble popped, Amazon went up hundreds of time, and Bitcoin will be a clear survivor after the "altcoin bubble" pops, but the thing is we haven't even had the altcoin bubble yet. Dotcom bubble peaked at 6.7 trillion, we haven't even had a trillion marketcap of all coins combined yet. |
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Well that's a really cool perspective you have got there 😄
It really made everyone's heart a little lighter.
There only thing that concerns me is acceptance '
Acceptance by the people , by the government , by everyone else around .. so that it can gain the momentum and the popularity it deserves.
We need to do our bit to...make this happen...
Aware everyone around us .. so that.. it can go.. amazingly smooth.
There are only two outcomes: 1) Most of the big governments out there ban it, which means Bitcoin would remain as a pretty underground phenomenon. This does NOT mean it cannot reach $1,000,000+. Since if government X bans it, government Y benefits from not banning it as Bitcoin holders would go there to establish their real estate diversifications and other, thus paying taxes there. 2) There is no ban and it naturally becomes huge. Underground or not, Bitcoin will be big, very big in the futures, irrespective of what governments say about it. |
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