Could anyone tell me why investing in Ethereum or Ethereum Classic might not be a good idea? Besides from it being a volatile market?
Seems like Ethereum is very popular atm and nobody can really tell me a downside of Ethereum and its tech
Thx a lot!
Cryptocurrency investment is all about your level of understanding on how the whole ecosystem works and the basic factors that influence the pattern at which prices changes in the market. With such level of knowledge and understanding, you can choose to invest in any crypto coins and still make huge profits. Its not about what coin you are investing in but your level of knowledge and understanding about investment and cryptocurrency. |
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as we see now many project are using IEO system to collect funds from investors and I feel IEO is very popular at the moment, besides that I also see a lot of IEO that are currently successful, therefore I am sure that the price of ETH will definitely increase too if many project use blockchain from Ethereum (ERC-20). because as we know in 2017, where ETH prices increase very high due to ICO very popular and successful, so if this year IEO will experience the same thing as ICO in 2017 (popular and successful) then it will make ETH prices increase again (bull run).
There are no direct relationship between IEO and the rise of the market value of Ethereum. Considering the nature at which new Ethereum coins are generated, there is less chance that the market value of Ethereum might go back to the price range of $500 to $1000. Ethereum has no limit to the quantity of coins to be produced. This is affecting it market value causing an increase in supply rather than demand.. |
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The only possible way of keeping yourself from fraudulent projects is research and reading more about the project and how feasible the project is in relation to its set aims and visions. Usually, fraudulent projects have unrealistic ideas and do not really have a specific purpose in the crypto ecosystem. If you are lazy to do research and read, you are likely to invest in fraudulent projects without realizing it...
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Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?
Mining has always been a long term investment something. You will not really see the profit of mining just within a few days of mining. Long term mining plan usually is not really affected by the market fluctuation of the prices of the particular coin you are mining. That is, you can still make some reasonable profit even if there is a drop in the market price of the coin you are mining so far as you are in a long term mining plan. But when there is a price increment, you either double or triple your calculated profits. |
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Personally, as a bounty hunter, I prefer to join bounty projects with good workable ideas and products. The huge reward allocation for some bounties does not really attract me since a lot of these bounties do not actually reward bounty hunters as it says in their campaign. Also, I prefer promoting bounties with their tokens or coins listed and have good amount of trading volume rather than bounties with their tokens not listed. With listed bounties, you are definitely assured of getting a decent amount of reward.
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We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.
First and foremost, who said Ethereum is struggling to survive on the market? Considering the market volume of Ethereum and its market cap, it simply tells you that Ethereum can't be classified as struggling to survive. The price fluctuations are just the nature of the whole cryptocurrency ecosystem and its not a sign of struggle to survive. |
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It's probably that, and China's president announcing support on blockchain technologies could have gained attention especially from the miners and crypto-people in China. However, I don't think their government support bitcoin in particular, they're gonna make their own cryptocurrency, which I'm not sure how would it affect the prices in few years time. Hopefully, China won't ban bitcoin despite their opposition, because if they would, it would shake the bitcoin network and most probably the market.
Well, this might be a major contributed to the sudden rise in the market value of bitcoin but I also think there might be other reasons for what's happening in the bitcoin market currently. When it comes to the sudden rise in the market value of bitcoin, there are numerous factors that influence the rise and fall of the market. But no one can really tell the actual cause of this sudden rise of bitcoin... |
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With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now. https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/This is just the beginning of the bull run of Bitcoin. The price of Bitcoin will be hitting $12k in the first week of November and gradually move back to $20k just like in 2017. But 2020 will be the year the market value of bitcoin will never drop below $8k. |
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Now some people on the Internet predict that bitcoin will hit a new low since 2018. Is this someone harvesting leeks and alarmist? Historically, there seems to be a similar voice every time prices fall. Our retail investors are reduced to leeks every time.
I don't really see bitcoin recording a new lowest price in 2019. The lowest price I possibly see Bitcoin attaining will be between $7k and $7.5k. Bitcoin will be hitting $12k in no time soon. The bitcoin market is gradually growing and making its way into the general public where people can easily acquire and own Bitcoin without having to stress themselves. |
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Is it really useful to use this app as your main browser or what can you guys suggest?
Personally, I don't see any specific advantage the cryptotab Browser has over the already existing Browsers. For me, I don't think I will use it as my main browser. I prefer chrome to be my main browser but I might use the cryptotab browser if I need an extra browser for doing other stuff online. |
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I am doing market research for a potential project.
If there was a website you could go to daily where you would earn anywhere from 1 cent - 10 cents worth of bitcoin just for clicking a button, would you do it?
No strings attached, no deposit required. You go to the website, push a button and 5 cents is deposited into your wallet. Would you go every day and do it, or is it not worth your time?
I will not advise anybody to sacrifice their safety just to log in to a website for only 10 cents. Such website might have a hidden agenda behind this. Your safety should always be first before logging into any platform. People use such strategies to remoting gain control of your computer and steal the funds you have in your wallet. |
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What should the price of BTC actually be? Is there some tangible metric that we can identify as the basis of Bitcoin's value? It seems to me that the only tangible value of bitcoin is it's security- the fact that it can't easily be counterfeited. That's what makes it a reliable ledger of accountability. The security of bitcoin is directly tied to the hash rate of the Bitcoin network so that's what should determine the price, very precisely.
We can set the price to any hash rate but, in order to maximize the adoption of this pricing scheme, we need to set a price that is close to the current market price. According to blockchain.com, the last recorded hash rate was 90M TH/s and before that it was 125M TH/s. We can generalize it to 100M TH/s. The price has also moved around $10k so I'll use that.
(100M TH/s)/($10k) = 10k TH/s - and this becomes our standard unit. Now the price is directly tied to the hash rate.
What's the price of BTC? Simple- (current hash rate divided by 10k TH/s) * $1.
...
at 1M TH/s, 1 BTC = $100
at 10M TH/s, 1 BTC = $1k
at 100M TH/s, 1 BTC = $10k
at 1B TH/s, 1 BTC = $100k
...
Not only is this a fair and stable pricing scheme, it encourages mining, which increases the hash rate, which increases the price. And that's what we want because it will maximize security.
In terms of price determination of bitcoin and cryptocurrencies in general, the hash rate has little or no influence on the market value of Bitcoin and cryptocurrencies. Just like any other product in the financial market, the rate of demand for Bitcoin is the main determinant of the market price of it. Once there is a decline in the rate at which demand the use of Bitcoin or its supply exceeds more than the demand, there will be a drop in the market value of Bitcoin. With this, the hash rate has nothing to the market price of Bitcoin. |
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Personally, I think its too late for the Chinese government to introduce its own cryptocurrency with the aim that this will prevent people from adapting to the use of technologies like Bitcoin. The blockchain technology is been used in every corner of the world. Companies are now using blockchain technology to keep and store their data since it is quite easier to retrieve info at any moment in time. Moreover, bitcoin does not need the approver of any government before people can use it.
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People who don't get Bitcoin are those who fail to understand the basic concept of an electronic cash system built on a decentralized platform where transactions are peer to peer thus no involvement of any form of a third party. Without this basic knowledge, you will not really get bitcoin.
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A lot traders are blaming Mark Zuckerberg and his Libra stablecoin for Bitcoin's and the crypto market sea of reds today. What does Zuckerberg and Libra have to do with the crypto market? It's just another project right? How low will Bitcoin price falls further today? Its either you don't really know and understand anything about the entire crypto market or you are just new in the crypto space. How can you just make a post saying Libra has something to do with the crushing of the crypto market. Since 2018 till now, the crushing of the crypto market is not something that is new to people in the crypto space. Libra and Zuckerberg can't be the reason behind the crushing of the market. Price fluctuations are just the nature of the market. You just need to take advantage of it and make some profits out of this crushing rather than making silly assumptions. |
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Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks.  No one can really predict the accurate future of the market value of Bitcoin. 2020 has its own story to be unfolded for Bitcoin. You just have to take advantage now rather than thinking about what the future of bitcoin will be. Personally, I don't really see Bitcoin rising to the moon in 2020, its price will rise and fall as it does throughout every year. |
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Then the whole mining system will collapse, that's what will happen
that is a big lie. China banning bitcoin mining is not a strong guarantee that the entire bitcoin mining ecosystem will collapse. What evidence do you have that can prove that the majority of bitcoin mining firms are located in china? Banning mining in China will not have any significant impact on the bitcoin mining ecosystem. This is because people will continue mining bitcoin in China even if mining is ban in China. Setting up a bitcoin mining firm does not really need the approval of the government before you can start operating... |
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I have 0.54 bitcoin in my hotbit account so when I try withdraw they told me that message . this account is not a llowd to withdrow . I try and contact support they dident respand end when they respand they say that the system hase been mistaken and send me this amount so if you are in my position what would you do any help please ..for now I m trying to sell this account with 0.53 for 0.20 I d ant know what to do to get my money back ... so please is ther any one who have an experience and can help me ..
The only best way for you to withdraw your funds is by contacting the exchange platform's support service for help. There is nothing anybody here can do to help you withdraw your bitcoin. We are not part of the technical team managing this exchange platform. You should have a little patient for their support service to reply your message... |
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Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
I think you should go and look for the whitepaper of Bitcoin to help you understand some things about bitcoin. That will help you to avoid asking this kinda question in the future. This just tells me that you don't really understand anything regarding bitcoin and its blockchain network. |
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There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.
This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be a major step ahead.
In as much that Bitcoin has volatility issues, it will barely affect the use of it as a payment method in shops. This is because, the price of the item in bitcoin will be adjusted anytime there is a change in the market value of Bitcoin. And personally, I don't really think the volatility of bitcoin will be a problem when it is accepted worldwide. When this is achieved, the rate at which the market price of bitcoin changes might not be huge as before. It might have some level of stability once it is widely used around every part of the world. |
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