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I never had any hope from BTG. BCH still can survive longer because it is indeed a better tech than Bitcoin(that don't necessarily guarantees that it will defeat bitcoin. We already have many altcoins better than Bitcoin). BTG is merely a fork done in hassle without any proper prearrangement. They just forked Bitcoin for personal gains. I don't see any long term goal to sustain its value. It merely being used for pump and dump now.
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Indeed fork coins are bullshit. Hardly any was able to maintain its price. But today everyone is doing fork. This raises a question on bitcoin credibility. We did see the recent BCH pump. This fight between BTC and its forked coins can be ugly for the Bitcoin market. These forks one after the other aren't really healthy. But the decentralized nature of bitcoin can't help in stopping these bullshit forks. I think this is getting too much now. Some miners mere for personal gains are executing baseless forks. Kinda fed up of them.
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I see the craze to own a whole Bitcoin as a way to increase demand and price in future. When world's richest who might not know or own bitcoin right now will know about it, they will definitely find it a luxury to own atleast one Bitcoin. This might sounds like bullshit now, but this craze can alone take Bitcoin to some $100k to $1m level. When people have money in abundance, they only care about possessing the best and the rarest. So will happen to bitcoin with only 21 million supply.
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Amazon has the good profit and it is one of the largest global firms. Bitcoin has also good rise and it is the most powerful decentralized coin. With two of these colliding together it would only bring benefits to both of them. Amazon will accept BTC for sure in the future. There are already whispers on the internet about that happening very soon. Amazon has fear of unknown but that unknown BTC is getting more and more popular and is getting known by all kinds of people. Merging will happen very soon!
Amazon being largest global firm and having good profit since then with bitcoin which you mentioned to be powerful decentralized coin just have no correlation, amazon tend to legal payment method with insurance behind it just to make sure that their customers will be safe, the volatility of bitcoin which making the price always changing so significantly can be a problem for amazon because they could receive less amount of money if not automatically exchanged to fiat when customers sent bitcoin. One of the best methods is to directly convert to fiat. I think that has been done by many parties at this time. so that's not an excuse and I think Amazon's company has been thinking up that level. Bitcoin is not fear, we have stigma that Bitcoin scary because it can make a loss. but when we can maintain confidence and trust then we can even make Bitcoin prices to be stable. this is not just a dream, it's all on the way to reality. this is when the big companies like Amazoin can adopt and start implementing Bitcoin. Maybe everything can start with the smallest and will end in a very big thing. Bitcoin is gaining ground in financial landscape. It is getting major support at global level. We might not see a business model working over volatile currency at present. But the portion of people using Bitcoin for payment will be very less as for now. Thus, volatility won't affect the overall gain of the company. In future when acceptance will increase and so does the Bitcoin currency use, volatility might decrease and price might stay bullish. |
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Who cares if it is subsidiary. There are enough of allegations against the major JP Morgan too, the original Wall Street giant. Who doesn't knows the famous mortgage crisis. These banks who are highly exploiting people for their financial gains are calling Bitcoin a fraud. LOL! It has always been ironic. |
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B2X hardly has any major support. It is just another altcoin. This fork didn't have any effect on price and now after fork bitcoin is hovering over $7900 range and soon will touch $8k. Last week was indeed a wild week for Bitcoin with all that BCH drama and BTC touching lowest of 30 days. But that was just market manipulation and Bitcoin stayed strong among all that FUD. This again lead to a positive wave among investors. Bitcoin will remain bullish with some minor fluctuations atleast for coming some months.
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I've noticed something alarming about this BCH influenced BTC crash/correction
Has anyone noticed that the very rapid drop and resultant rebound didn't get the chance to actually test support at $5k? I can't help but think that this might be a deliberate attempt of Roger Ver and co, to ensure that Bitcoin then carries on up to new all time highs, having not tested support since $1300. They'll back off now, and let the BTC community think that BCH has failed, ensuring that $5k doesn't get properly tested.
This might result in an inevitable retrace/crash back to $1300, which would be when he could pump BCH again to cause a real 'flipenning'.
So basically, PLEASE SELL!!
You are wrong in analyzing that. Who said they didn't wait to check $5k support? BCH was still in pump, meanwhile Bitcoin went to $5800 and instantly rebounded back to $6250. Ater that too BCH was pumping. This shows support was strong at $6k+. Roger and the group executed the pump to test the lowest support and end up dumping after $6250 as Bitcoin was strong there and they weren't able to shake market sentiments below that. |
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I say this many a time and will repeat again, altcoin investors don't invest in coins with potential but invest mostly in pump. Market is running highly on sentiments. Anyone can pump a coin with 10 BTC and people will jump into it because crypto market has young investors in which most of them know nothing about market or investing. In such a mess finding a long term hodl coin becomes tougher.
Stay in top 10 large cap coins and invest when price is either in dip or is stable. Pumping such large cap coins isn't really easy for everyone leaving whales as happened in BCH recently.
Add ETH, LTC and XRP in your portfolio.
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I am in Altcoin trading from quite a long now. What I have learned so far is that market is pretty irrational. Investors don't care or realize the technological aspects of a currency, they are behind price action. Any MMs 10btc pump on a mid cap with some rumour mongering on reddit and telegram groups can lead to a 100% jump leading him to get a good profit. Market is highly being run on sentiments. No analysis can work in such market where people mere copying whales and losing.
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Actually I am glad that Roger Ver and Jihan Wu carried out this market manipulation through BCH. I was able to predict the strength of Bitcoin and its market. People never did actually move to BCH completely abandoning Bitcoin. Bitcoin came out better. This shows these petty acts can't harm Bitcoin today, they might have impacted earlier. But now Bitcoin is being supported at global and huge level and thus manipulation isn't that easy.
This is the strength of decentralization!
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These banning news are mostly propagated by some big Chinese exchanges and mining companies just to create a FUD and for personal profit. People must have noticed how miners play with the network when required. Like recently increasing transaction backlog to create a panic. Also Chinese government isn't very clear with their stand regarding cryptocurrencies and hence no clear stand just adds up to the rumor. Anyhow mining is still very legal in China and Bitcoin is safely moving ahead and getting global momentum. I see no reason to believe in what you say about banning mining of bitcoin in China. These fake news has always stressed that the ban will affect the mining of bitcoin. Why only him? The government banned mining of bitcoin and this allowed mining bitcoin in cash or Ethereum? Lol. Such news is part of an attack on bitcoin.
Re read it dude! OP is trying to clear the rumor. He isn't supporting the rumor. |
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Alibaba and Amazon are global e-commerce companies. They are targeting almost every part of the internet users. Bitcoin has gained some attention at global level only this year properly. Some giant financial companies and banks are getting into it now. Possibly we will see some e-commerce giants getting into Bitcoin or cryptos in 2018. This is the high time to take advantage of growing popularity of cryptocurrencies.
So, my answer is soon!
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Is the Blockchain a perfect solution? Is it flawed? Please Comment below !
Ok we all know that blockchain is the new thing in terms of technology. And if for example, the banking system integrates or used blockchain, it will literally takes years before finally using it. Also, the cost of implementing it should also be taken in consideration. And we also know that every records in the distributed ledger are permanent and its really hard to manipulate the data, but banking systems sometimes has to do reversible transactions, if blockchain can't be manipulated, then how do the banks reverse transactions? That is why I do not think we are ever going to get full adoption from banks or governments they do not like the idea of not having the power of reversing transactions, I think that is the biggest issue they have, when you open a bank account you are effectively giving all the power to the bank if they decide to freeze your funds you are going to lose all your money, they could even take all your money without your consent, this has happened before and I do not see a reason of why it should not happen in the future. The whole point of bitcoin was to not get governments and banks on board, but to become your own bank. The fact that bitcoin cannot be regulated is a feature, not a bug, or something that bitcoin users should be looking forward. A very different thing is if Wall Street investors decide to get in. In that case, they are welcomed. As long as they can't change the protocol, they just become bigger stakeholders that have to avid to the same rules as everyone else. Why are you associating Bitcoin with blockchain? Blockchain is indeed a technology behind bitcoin. But that doesn't means blockchain can't exist without it. Blockchain has the potential to disrupt many sectors in which banking being the main. Right now many banks are spending millions in R&D in blockchain technology and how it gonna help them. Regarding reversible transactions. Banks are mainly focusing on data storage and keeping a tab of transaction using blockchain and not on money transfer using the tech. |
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Bitcoin allows you to have a control over your money saving it from fiat inflation and manipulation by centralized authority. This makes you responsible for the security of your Bitcoin. If any one develops a system to reverse Bitcoin transactions, then that gonna ultimately kill the integrity of Bitcoin. Indeed scams are way too common in crypto market. Along with pros decentralization and anonymity have their owns flaws as well.
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People should try to understand the asset they are investing in. Bitcoin is the most trusted cryptocurrency right now. How can people trust Roger Ver and Jihan Wu regarding BCH being the major one. I think most of them have learned their lesson after this massive dump.
Whosoever is doubting bitcoin should try to understand the marketcap and the global reputation of Bitcoin and where other cryptos stand.
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Bitcoin today rather being a currency is largely becoming a store of value. People are parking their dollars in Bitcoin to save them from fiat inflation. This transaction speed and fees aren't working towards Satoshi's vision. Bitcoin is somehow losing the ground of being a decentralized currency system. Anyhow the popularity it has is making it popular in global financial landscape. The adoption will automatically rise. It will remain the top cryptocurrency for more years to come.
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The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?
This recent drop is not how bubble works. That was the usual volatility of Bitcoin. Bitcoin can easily go 30%+ up or down in a single day because of small and decentralized market. But recently it was all because of artificial BCH growth which finally has dumped and Bitcoin is back again. Bitcoin isn't a bubble right now but might turn out to be one later. Bitcoin basically have became a store of value and is loosing as the form of currency. Right now demand is natural and is increasing the price and hence the growth numbers are genuine. |
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A dirty politics is going on.
Roger Ver and Jihan Wu is playing nicely with market sentiments. Crypto community consist of many noob traders who are usually following others and their signals. There are many big names behind this BCH pump who have invested enough to make people believe their claim that BCH is now a new Bitcoin. I don't understand if they really have a better coin, why they need Bitcoin's name for making it popular. Anyways, the trust bitcoin has isn't replaceable at all by any altcoin right now. This all is mere a pump attempt and soon these whales gonna dump it hard on the market followers.
BTC is at some other position in crypto market hard to be replaced by any shit coin. These big names are controlling the BCH market completely. Shifting to BCH wouldn't be more than entering a centralized market. This is exactly what community don't want and will definitely not happen.
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Bullshit!
This is mere a shit spread by bitmain, just to panic people into selling bitcoin and pumping their BCH. Bitcoin has build up a trust among people. Large financial banks and companies are getting into it. I recently had a survey about the popularity of BCH against BTC. The vote share was 20%-80%. Right now I don't see any altcoin taking place of BTC. It might happen in some coming years. But that won't be BCH which split off from Bitcoin itself but some other altcoin.
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