our whole goal was to NOT be like fiat currency! so your question doesn't make sense to me because if cryptocurrency were like fiat then there would be no reason for it to even exist anymore and we would be wasting our time here trying to make something different and new.
the fact is cryptocurrency started by Satoshi as bitcoin so that we have a different payment system that is decentralized and other features such as being censorship resistant that comes with it.
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maybe but it will take years before the market is mature enough so that we can actually see crowdfunding instead of people throwing money away at ICOs. and in my view these two are different. throwing away money is when some people create a useless token and get paid for it, crowdfudning is when a real company is raising funds to do something real and then give actual results.
and most importantly people have to learn to demand results from these companies who raised funds not to forget about them as soon as the ICO was over and they dumped their tokens for profit.
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because it is all a gamble. sometimes more people participate in your "lottery game" aka ICO and you can reach the caps that you defined fast and easy and sometimes since there are so many people burnt by previous scammers you can't meet the caps and your project fails miserably.
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I'm not saying this wasn't really even worth mentioning... but actually it probably really was not even worth a mention at all considering it will have perhaps 0.000000001% influence with the CC market as a whole.
you are wrong because you are missing the purpose of this post the purpose of this "mention" was so that OP could get some clicks on his link which is leading to his own website. as people visit and increase the traffic he can make more money from the ads on his crappy website. so i say this was worth "mentioning" here... since OP has gotten at least 1 or 2 clicks ....
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in my opinion the only way to discuss a "what if" scenario like this is to first talk about the reasons why you think that scenario is going to happen. for example in this case you should first discuss the reasons why a government or bank would want to control 90% of bitcoin supply? is it to control its price and make profit? or is it to control its future development? or some sort of censoring?
if we clarify the motivation then we can clarify whether it is even going to happen or not. for instance to control the price there are a lot of easier and much cheaper ways. other motivations may not even work with controlling the supply. for example no matter how much bitcoin you have, you still can't change consensus rules because it is not Proof of Stake coin.
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if you really thought bitcoin is about to collapse this week then you would have never created this topic here warning others. you would have moved fast to sell your bitcoins before it drops.... but i guess you have already sold it late before when price was lower and now you are in a loss wishing for a drop to buy back
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i am going to go with 10500 just because there aren't that many in above $10k range. and i am a permabull anyways
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the problem with altcoin investors is that they always "hope for profit" instead of going at it seriously and "make profit". the profit is out there, it doesn't come to you. you have to seek it out and try gaining it by trading not by bag holding. waiting for a "bull run" means you will be missing out a lot of opportunities. for example those who have been waiting for the pumps to come for the past 10 months have lost about 80% of their investment while the rest of traders have already tripled their money.
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I think the price of altcoin is currently down because of poor market conditions I can't predict when this situation will end and what I'm doing is just waiting
yes waiting is the best choice when the market is unstable, maybe this is caused by demand or supply. usually conditions like this will end at the end of the year, but I'm not sure by the end of this year whether the market will stabilize and the price will be high again. Indeed patience is waiting for the right strategy, for now, the market conditions are said to be stable for bitcoin, and very low for altcoins, of course, makes altcoin holders disappointed. This market requires Gebraakan and new strategies to be able to recover the value of the altcoin, only hoping that conditions will soon improve. altcoins holders will always be disappointed as they have always been that way because they eventually get dumped on enough amounts to lose everything they invested. the only people who will always enjoy the altcoin market are the day traders who are participating in the altcoin pumps. they will be the millionaires of tomorrow.
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I want to ask traders. What strategy makes sense when looking at the crypto market situation that is red. Besides observing the charts and their movements, I think patience is really needed in this case.
being a trader and having "patience" as in bag holding don't make sense with each other. if you want to ask bag holders then you can rephrase your question and omit the word "traders". if you ask traders then this is the strategy: 1. when you see drops, you simply sell and get out and stay out until the drops are over. 2. in altcoin market since it is huge (more than 2000 coins) you can simply pull out of the dumping shitcoins on top and put it in pumping shitcoins at the bottom. and since there are a lot of them you will always be able to find some. 3. start shorting altcoins that are dumping to make a lot of money as they go down!
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As we are approaching December in just over a month's time which will be the most favorable cryptocoin to invest?
no it won't because the investors don't look at what month it is to invest! they look at market cycles instead and right now we are not yet out of the bear market and the altcoins are still getting dumped. so it would take longer to reverse this trend. Will it be traditional investment tactics like bitcoin and ethereum or some other altcoins?
when you come to bitcoin market things are slightly different because of size of the market and it being a new technology. when you enter ethereum and other altcoin markets things are very different because of the same reasons as above but also because of the pump and dumps. I guess it will be really tough job this year looking at the current market trend.
it will be as tough as it ever was in previous years.
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in my opinion the time you would waste on "vetting" bounty campaigns is a wasted time that can be spent elsewhere with a much better productivity. for instance if you spent that time in the market watching the charts and gaining some trading experience you would be making a lot of profit compared to the money that bounty campaign may give you!
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With rules such as these being implemented we could hope to see a lot of growth for cryptocurrency. Japan would set a standard or ideals for the parameters around everything cryptocurrency and rules regulating it which if successful, a lot of other countries would try to adopt it with their way of thinking included and thus could possibly be potentially growth for the future of global awareness.
it would depend on the rules themselves and also on how they are being enforced. you can never expect people to just follow the rules! we need an enforcement in place so that it can fight those who defy the rules. and in this case i am wondering whether this can create exchanges that scam and run away or will it reduce the chances.
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i wouldn't call that investor confidence. i would instead call it investors enlightenment.
because that is what has been happening this year. people saw the big rises and forgot about altcoin pumps. but now they are being enlightened as the altcoins get dumped on them and they lose money to force them to open their eyes and see the reality.
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people already answered the other part of your question but about this part What do you guys think? People predict $100+ in next few years.
even without thinking about how bad XRP is and how centralized it is and centralized coins have no future, you can still see how $100 for XRP is simply not possible if you look at its supply! there is just too much of it available. and the supply and demand law is pretty simple. with such huge supplies (100 billion) you can never expect a high price from an altcoin. besides people troll a lot online, don't pay attention when someone tells you some altcoin is going to $XXXX price they are desperate bag holders
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Everyone who was in tether was rushing to convert it to other tether convertible tokens that's why the surge in price of Btc. Not that price is relatively impacted.
if you buy bitcoin with Tether price of it is NOT going to go up! price of bitcoin is determined based on USD not USDT. if you buy it with Tether only BTC/Tether will change and to keep it the same as BTC/USD the arbitrage traders will balance it out. in this case Tether price was falling which meant BTC/Tether went up but BTC/USD stayed exactly the same.
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i think OP is confusing advertisers who are mostly scammers with someone who is a trader. what they do is that they are advertising something that is going to make THEM money. for instance most of the times they are advertising some shitcoin they are bag holding and wish others buy it so that they can dump and make profit. sometimes they are advertising a service usually called a signal group but in reality it is a pump and dump group scamming people! nowadays there is also a lot of newbies on Youtube trying to make useless videos in this field only to get some views and make money from those views. some of them don't even know how to trade!
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I guess "hashrate" means computing power?
in a sense, yes. it is the computing power that is used to compute hashes (in case of bitcoin and its forks it is SHA256 hash functions). and it is determined with the number of mining equipment mining the coin (in case of BTG number of GPU rigs). No idea, I read somewhere some millions were lost via double spend and some exchanges suspended BTG because of that.
i don't think BTG market was big enough for such a big double spend attempt!
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i think Bakkt is made bigger in people's head that it really is. it may end up being a big thing eventually but at this point with the information that we have gained so far from this project we can not decide on it. so for now everything that we hear is mostly hype about it.
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The exchange rate had gotten higher, that means people are being more frequent in exchanging, it's a good sign for bitcoin. Also, more transfer doesn't mean that it's being manipulated or something bad would happen, but even if something bad happens, the crypto is in a very stable position for imposing any loss to the investors.
the price is still the same as before without much change which shows there are not sells or buys happening that can change this balance. and with the high volume still in effect it shows that there is an accumulation going on. so if anything there is coins exiting exchanges as whales buy 5000 10000 bitcoin and move them to their cold storage to get ready for the rise that is coming.
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