Technically speaking you can't attribute a stock/asset to a bubble without it crashing. Until then its purely speculative which has no underlying foundation.
That is the very definition of stupid. You can't say something is in a bubble until after the the bubble has burst? By your words no-one should therefore ever fear a bubble in anything because nothing is a bubble until after the fact. Can't you see yourself how silly your position is on this? To address the second point I don't think it's necessarily an over-dramatisation but rather just an indicator of how big this scalability issue is. Changes are needed, that's for sure. The only issue is finding a solution that everyone can agree on.
A fundamental problem in Bitcoin. All agree there is a big problem, but no-one can agree on actually doing anything about it - because part of the community makes good money from the flaw. This will never get fixed. |
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reedit your post title because most of users not read it if you talk a lot
Please explain how 4 words is "talk a lot"  |
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In just 8 hours this morning the mempool has doubled - seems we are agin heading towards the miners wanting to drastically increase prices.
Also we saw this pattern when there was the civil war with Bitcoin cash
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Simple. Exit Bitcoin and put your money in a bank account. If the bank is robbed it is their problem, you still get your money.
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If bitcoin can be hacked, what do robbers are waiting for?
Banks were robbed and some precautions were taken by banks+governments to encourage people to continue to use banks. As bitcoin has never been hacked and there is no owner of bitcoin to compensate a possible robbing, there is no precaution as of now. Because it's not needed.
WRONG! Even in this thread there is a person who was robbed of 1000$. It happens every day. |
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All in all it's just a matter of point of view, but at least we agree on the bolded sentence  That we do. However, I firmly believe that it the choice is between leaving security to the bank - and that the bank is responsible for the loss if they are robbed - are much much safer than people individually having to handle that security. |
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The number of transactions increased ,the bitcoin price increased as well so it`s normal for the transaction fees to increase.Anyway,this chart doesn`t explain anything.What is this 68 USD cost per transaction? Is this the cost to send 1 bitcoin to some other address for a set amount of confirmation time? If yes,then 70$ is less then one 1% of the bitcoin price,which is quite normal. That is still much more expensive than what I pay at my normal bank now for larger transactions Do You count the price bank fee for managing your account? Do you mean international transactions of in your domestic region? Yes and yes. That Bitcoin miners drive up the price just ensures the banks remain competitive and there is no need to switch to BTC |
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based on the assumption of: everything can be hacked, it does not exist a perfect system (if you are an IT expert you already know that), the only perfect system is a server not connected to the network without any input system connected and closed in a bunker, but also in this case there is the possibility to have your data destroyed, hence lost/stolen.
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
You clearly did not understand the point. At the end of the day, it is about who takes the risk in terms of security. If you place your money in the bank, the bank is responsible for the security and if the bank is robbed you still get your money. With Bitcoin you need to be able to create bank-like security yourself, and if you fail all is lost. |
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blockchain is just a set of blocks, there is nothing to "hack".
There is everything to hack |
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Of course there are problems with Bitcoin and the ways of its operations. But that does not meanniy is a bubble or will soon come to an end
More and more in here are agreeing it is a bubble - and Bitcoin is driven by whatever value people think it has...... Bitcoin is the head of cryptocurrency. So, Bitcoin will continue to chart the way forward.
Stomping your feet on the ground does not lend any credibility to your statements. Myspace was the head of social media. Where are they now? We all believe that miners are.making a mess of what Bitcoin should be and what Satoshi stated out for it to achieve with their high fees.
So it is all a mess .... |
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"It is not a bubble" is what we hear every time from people invested in an asset hoping it will make them rich.
Before the dotcom bubble burst, dotcom shares were not a bubble said the people investing in shares. It can only go up they said. NASDAQ is going to the moon and will reach 100.000. They said. And then they lost.
Before the housing price bubble burst, house prices were not a bubble said people who were borrowing more and more money. It can only go up they said, because there will never be more land. They said. And then they lost.
It is so predictable that it is sad.
Bitcoin is currently as big as the ruble. Think about how big Russia is, withs its 140 millions inhabitants sand the second or third oil reserves in the world ( among many other things ). Bitcoin is as big as that, with no economy to back it up. Exactly - with nothing to back it up. It is a mirage - it is not real. And like a mirage will evaporate in an instant. |
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I don't know if it could be hack but base on my research it could possibly hack. By a human who is desperate to earn more money.
And there are several billion of such desperate people in the world..... |
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1.7 trillion was lost when the nasdaq crashed in the dotcom bubble
I didn't dispute that. I also don't dispute that one day a similar amount may be lost in crypto. I'm pointing out that Nasdaq recovered that $1.7 Trillion loss and is now valued at $8.13 trillion. Bitcoin and crypto have been through boom and bust cycles already, more will follow but that will not be the end. NASDAQ took more than 15 years to recover - many cannot wait for 15 years to get their money back |
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There has been an interesting change over the last few days.
A few days ago all users in here responding to my posts were extremely angry that I would even suggest that there might be problems with Bitcoin. But over the last 24 hours, there has been a change. Now I more and more see:
- people who agree we are heading into a bubble (altought different views on when it will burst)
- people who agree that miners are increasing transaction costs dramatically and are a threat to very idea of decentralized Bitcoin itself
- people who have lost money due to various hacking scams
The tide clearly seems to be turning
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Going by that argument - 1.7 trillion was lost in the dotcom bubble. Bitcoins market cap is now about 1/10 of that. Wit the growth we are seeing in Bitcoin, we will reach that level in less a year. Poof, bubble bursts.
You must be looking at the market cap of the composite index rather than everything on the Nasdaq exchange which at last nights close was $8.13 Trillion. 1.7 trillion was lost when the nasdaq crashed in the dotcom bubble |
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Security is one of the major factor that is must with bitcoin as well other digital currencies. As it is found much more expensive than more of the other valuables, hackers truck to evade through different ways. I too encountered the hacking and lost around $1000 worth of btc from my trading account. It's our responsibility to keep it with the best security.
This is why Bitcoin is dangerous. If ou have the money in the bank, security is the bank's problem. If they get robbed, you still get your money. With Bitcoin suddenly you need to take care of that security and if there is a robbery you get nothing. |
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Simple answer bitcoin network can’t be hack but wallet can hacked so that it is back to user
if you smart can’t lost money otherwise will lost
Which is exactly what I was writing - didn't you read it or didn't you understand it? |
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It is impossible too hack bitcoin because of it security although you give your private key or paper wallet to someone.
You clearly didn't read and/or understand the post |
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This might well be a bubble but it is one that has barely started. The dotcom bubble was measured in the trillions while cryptocurrencies are still in the billions.
Going by that argument - 1.7 trillion was lost in the dotcom bubble. Bitcoins market cap is now about 1/10 of that. Wit the growth we are seeing in Bitcoin, we will reach that level in less a year. Poof, bubble bursts. |
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Back then, everyone was investing in tech company stocks because the idea was that they couldn't fail whatever happened. But that's not the case for cryptocurrency, just look at altcoins, there are a lot of them which do not even take off.
But then it is exactly the same - all the religious followers of Bitcoin are all saying exactly that: "Bitcoin cannot fail no matter what happens. Just hodl". |
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