The parallels between the dotcom bubble and the ICO bubble are very strong. Both involved companies attempting to do something with a technology nobody had a clue what to do with. Then they proved it by collapsing. I don't know if the ICO thing is anywhere near properly dying, but it will.
I'll be amazed if more than 5% of anything ICO related ever delivers anything with an actual value or use. That may not stop them trading long after their death though. Ripple has managed to string out its promises for 15 years now.
I think that people are seeing it and many choose to hide their true intentions in a shroud of technobabble. I read so many announcements in the last year and most of them were totally crazy. Those people wanted to build a financial empire, a huge company, and they already had the whole board of directors, but they had no prior projects, no experience and no money. Everybody wants to be a CEO these days. |
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Nice article. I agree that bitcoin will scale, though it will take time to build the Lightning Network. Plenty of institutional money awaits bitcoin as well. Once a bitcoin ETF is allowed, the demand for bitcoin will be overwhelming, and it will be another stamp of legitimacy.
And how o you know that the demand will be overwhelming once ETF is approved. I think it it was just approved and we're only waiting for the launch, but it doesn't mean that suddenly everybody will want it. There's plenty of people waiting for an opportunity to sell with a profit and the market isn't ready to go crazy yet. |
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First off, the name is a bit confusing? - Most people see the name and associate it with some physical coin.
I don't agree that Bitcoin is seen by most newbies as a physical coin. How did you come up with that? Bitcoin isn't confusing by even a bit.  Also, rebranding a well known product usually doesn't end well. You can find many examples in the history of various companies that tried it. It would make everything even more confusing. |
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You can make it popular by :
1) Using it as a payment medium.
2) Sharing resources about it on social media.
It's not that easy. How can you use it to pay for a service is nobody offers to sell that service for Bitcoin? I'd be willing to spend some of my coins in local stores if they were accepting it. We can't say that spending is the way to it being used for payments. It's like saying that we need to buy houses so that companies start building them. |
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Bitcoin and property totally different by nature and market. Bitcoin can be used as medium of exchange and can be quickly convertible in cash.While property is best for long term investment but property profit is too low as compare to time we wait for because the profit you get after long wait you can make double of that ,money in Bitcoin,For me Bitcoin is best for investment you can double your income in shirt time.
They offer a different level of risk. Real estate is much safer and requires much more maintenance. You will have to periodically check the property, repair damages, get new tenants. With Bitcoin all you need to do is keep it safe. It doesn't degrade over time, doesn't require maintenance. The only downside is volatility. One year it gains value the other loses. |
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I think that to reach such level of adoption we need favourable laws and stable prices. Those are the two main factors that scare people off. Uncertainty of upcoming regulations and volatility. If you manage to get these two things under control people will choose Bitcoin over visa in no time.
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I'm hoping for that parabolic run somewhere inside but I also know that we don't need it. Even a small constant rise of 5% a year would satisfy me. The truth is a run for 10000 USD will happen in the next 2 years for sure. I'm willing to bet all my money that we'll eventually at least try to surpass the previous ATH. It can take many years but it will happen 100%.
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The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
I do not agree with your opinion. although bitcoin is falling deeper. but it can not down to $ 5500. I think it's only $ 6000 then it will rise to over $ 7000 How can you be so sure? Bitcoin would not have fallen below 10000 USD if not for the bans and hacks. If enough of them were to happen now, the price would repeat 2015 and drop below the point when the pumping had begun (5000 USD). I think that this point is the total depression and flatline for Bitcoin and it's possible that we'll touch it before heading up again. |
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A trader should know how to deal with stress but there is no way you can totally get rid of it especially if you are a trader. The crypto makes people age faster  Being stress is just normal for a traders if he is holding a huge amount of coins, because your profit will always depends on how much capital you use so being stressed because of risk is normal. It is normal, but the question was about ways of dealing with stress! I think that the best way is to measure the degree of stress that you're feeling and act accordingly. If it's bearable and you can function, eat, sleep, do other things, it's fine. If stress interferes with your life, makes you wake up at night, you should stop trading. |
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I don't find any but i'm not gambling a lot so that can be a factor. I'm also too afraid to bet a lot of money but i believe that it's possible to be a successful gambler. Professional poker players are very successful but for every winner there are many losers so i'm not going to test my luck too much.
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The legend says that he (or she??) has lost his coins or the keys so the dumping could only be theoretical. But, anyway, if it happens I will buy them all.
Don't tell anyone that you have enough cash to buy Satoshi's coins even at a discount. That would make you a nice target for a home invasion. That Russian youtuber got attacked for much less.I think that Satoshi, if alive, is still in control of his coins but chooses to hide. If he touched them many people would try to trace him. |
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The biggest advantage is that you can do it in bed on your phone. You don't have to go out or use some specialized software. These days online gambling can be done privately at any place and any time. You can be on a boring family dinner and playing blackjack under the table.
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How do you guys spot scam betting sites ? Which are the red flags with those kind of sites and do you believe the rating/review sites or they are mainly paid like the ICO review sites ?
There are two kinds of scam gambling sites for me, the first one is the tricky one and the other one is the trying hard one, so what's the difference between those two? here it goes. The tricky one is that it is just the same gambling site to a legit one, you'll not notice that it is just a scam if you are just a naive person who is playing gambling on random gambling sites but if you are going to inspect the whole gambling site you'll notice that "Oh wait this is just a scam" while the other one is that you could easily notice that something was off already, misspelled words, the site is a complete trash, and the whole site is just trashy. Don't forget the third type which is a well made scam. Creators of these sites put a lot of money and effort into the site, have campaigns, people hired to promote them, a professional team. They usually even start as a legit site but then modify something to start scamming people or disappear just like that. It's almost impossible to avoid them. But don't worry, they are rare. |
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I think Fiat is the biggest bubble in human history. What I know is that cash is inflation every year, and it keeps plundering people's wealth. And bitcoin didn't do that.
Fiat is the biggest scam in history but it's not the biggest bubble. Bubbles appear when people are hyped about something and keep putting their money into it in hope that they will get even more in return. We all know that it's not how fiat works. It's not there to get people hyped or serve as an investment. We are using it because we have to. |
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I was here on the forum, posting about it and telling people not to panic.
I didn't trade the bear market. Usually when it drags for too long I don't feel motivated to do anything and I prefer to stay away from exchanges and not follow the price. Hopefully we won't go back to 5000 USD ever again.
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Petro coin is the first coin launched by a state, I wonder what it's going to be like. The success to be recorded here will encourage other countries to take a similar step later. I hope they can be succesful.
It is only a matter of time before the Venezuelan petro crashes. The Venezuelan government has managed to run its economy to the ground. I don't see what stops them from going back on their word and issuing further petros, diluting the oil assets backing the petros. They are making empty promises to promote this petro coin which is a centralized altcoin made to boost a dying economy. A country that launches one cryptocurrency and at the same time punishes people for mining another one is not to be trusted. People of Venezuela shouldn't fall for the villas and get the hell out of there. |
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my answer is D Bitcoin prices will cross the 2017 prices and reach new all-time high prices this crypto market is high demand much needed market for the world so it will again reach the previous all-time high prices
You're so confident. If more people had the same attitude we'd be out of the bear market long time ago. I think that option A will happen. At least this year there's no other way. Bitcoin bear markets usually ended with a slow rise back that took at least a year, sometimes two. I think this correction will be the same. |
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And how could it be unethical? An inanimate object can't be treated like something unethical! Can you say that a car is unethical? Trading cars can be unethical if you're making people buy damaged ones or hiding their known faults, but the car itself, even a damaged or a faulty one can never be unethical.
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I have a nice example. I usually laugh when people are writing nonsense but some of them should really consider putting everything through google translator. I do not even know why it is not ligature, but I advise you to go to Socratus
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