|
I have come to realise too late in life how important economics is.
IMO it should be taught as early as possible along with other very
important life lessons like, swimming, health, first aid and life saving.
|
|
|
|
|
Personally i think Satoshi had envisioned this would happen to bitcoin. The mind
which could create bitcoin surely could figure how people would react to a rise
in value and if so, he was right.
It is a decentralised entity so it is only natural that it be used in whatever way the
majority decide, it is indeed like evolution.
|
|
|
|
|
It is too easy for these schemes to start up and dissapear at will. They are targeted
at newcomers to crypto and to a lesser extent gamblers. The operators know that
many newcomers dont have economic and/or education because crypto can be
accessed by anyone.
The rewards in the schemes are very attractive and for the newcomer very alluring.
The design of the sites are very proffessional with all sorts of tools to make them
appear legitimate.
Its a pity that not all people can see through the scam and high rewards.
|
|
|
|
I honestly don't care who or what is moving these values. It's none of our business.
IF these coins are being dumped, be happy that we're getting rid of yet another old hand being able to implode this market at any time of the day. It only makes the market stronger in the long run.
Suppose to say the same thing neither those coins being accumulated on illegal histories then its non of our business and let those people who do love to trace them up do their own job. Even if we do know whose actually holding up those coins then what thing we would achieved? It might give some impact but it would just temporal.Just amazed on how big those bitcoins being stored up for 4 years though. Whoa that is some accumulation of coins. I find it amazing too how that wallet has sprang into life. Amazing in a curiosity way its none of my business though. It maybe the case that many of the known dormant accounts are only temporarily dormant with passwords and keys to hand and useable any time in the future. Intriguing. |
|
|
|
|
I work in Sales, administration, graphic design and space planning and design
for office spaces. And have done for about 22 years.
|
|
|
|
To The Moon and back to the ground：2017.9~2018.9 What do you think?  The terminology is incorrect. In the grand scale of bitcoins expected life, Januarys high value will be nothing more than a blip. "To the moon" hasnt happened yet and may take a number of years to happen so please dont be so short sighted. The current state of bitcoin could hardly be classed as being "on the ground" there are people on this forum who were getting mightily excited when bitcoin was approaching $100. We need to look forwards not backwards |
|
|
|
By 2018 the world economy is falling,
We are getting close to that, but not there yet. there is currently chaos in the economy around the world.
Umm.. nope, you're incorrect. there are even some countries declared bankrupt by the world this year.
Bankrupt countries, or at least at the edge of bankruptcy, they are at the horizon for some time. Publicly declared bankrupt? No. That's bad business and it won't happen. a country that is able to survive in conditions like now only countries that have a large gold stock.
Incorrect, by far. There are plenty of other ways, not only gold. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis.
Possibly China, but not US; US are usually overconfident on their printed paper. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.
There's no crisis, not yet. Bitcoin will not be affected by any crisis, it works very well. On the other hand, Bitcoin price may fall, since big investors, the real ones, may have to sell Bitcoin to save other businesses. (Edit: on the other hand, Bitcoin should rise now, before crisis, since people should buy to prepare..) Are you sure you wanted to know anything and didn't just want to convince Bitcoiners buy gold? Spot on, im not hearing anything about chaos in economies, ok we are hearing about trade wars which MAY lead to something bigger but thats it. When there are more soundings about possible crashes and such in economies Bitcoin will be a safe haven for many. |
|
|
|
Could you see a future wherein the entire world shares one global currency, be it fiat or crypto? If I think it in a scifi kind of way, it would most probably be some digital currency that could all just use. It doesn't even have to be in this century. Maybe the next?
Erm yes, there is one already in use, anyone can use it, it knows no boundaries or borders and the great thing is no one group, person or body controlls it! Welcome to Bitcoin. |
|
|
|
seems too many people are too ill experienced of classifications.
im laughing at all those saying "commodity". they hav no clue
anything can be a currency. even cigarettes in prison are a currency. it does not matter if only 1000 around the world use it every 10 minutes or millions. it will still be a currency if only 3 people use it a day.
so bitcoin IS a currency.
below that are classifications of it (subcategories)
bitcoin falls into the asset class
I partly agree with the classifications. Ok it might be classed as a currency in that it is a payment system like visa But with its own tokens. While bitcoin is not physical it can be used as an investment like the stock exchange. Security is a tricky one, the OP could mean something like a hedge fund against a recession in FIAT land. So in those 3 scenarios Bitcoin can and is all 3 |
|
|
|
|
The potential to abuse the system is massive.
If we take the idea of the OP where i am borrowing a certain bitcoin amount
and my car is put up as collateral, how can ownership of said car be properly
verified? How can the lender verify that the car is in fact a 2 year old BMW
520 and worth $35k? Supposing the ownership of the car passes to the lender
but it happens to be in London and the Lender is in Australia ?
People need to realise that bitcoin is based on a trustless system so identities
are not a big factor and that is an attractive feature to a lot of us.
|
|
|
|
|
The volatility of bitcoin is a devisive feature, some people dont mind it, some
are making a living from it by trading and others want a perfectly stable decentralised currency.
Because we are dealing with a decentralised entity it is going to be difficult to
control the volatility. In time as the value rises the fluctuations may become less.
|
|
|
|
|
Any sort of anonymity will be compromised as soon as people convert bitcoin
to FIAT and/or buy bitcoin with FIAT tgrough a centralised medium, bank or card.
Its not just the stereotypical criminals etc. Who would want the anonymity factor
there are others who would want it for personal reasons but the majority of
bitcoin users today couldnt care about it i recon.
Its primarily the end game of "how much am i going to make"
|
|
|
|
When price drops over and over everybody thinks that is bad and their invesment is going to loose or they already in loose. Generally this causes loosing hope to that coin, and people generally sell and exit from market.This maybe great for manipulators because they want to control market. right now there is a resistance to manipulators and this causes manipulators to gain less. they earn with volatility and it is decreasing as you can see in yearly graph. so best option for manips is reducing volume so that they gain more control. And for to reduce volume they create hopelessness by lowering price. When you see price is going well to high points you feel better but they cut your dreams with a steep fall like just a few days ago. investors sells or waits that cause reduced volume. And when the volume decreases they can ride the price easily.
In my view these manipulators only work by creating triggers so that they really do not control prices as a whole and at certain points, they only make FUDs at a certain time, then let the market go down until it passes the expected point, after which they also have taken step, they prepare good info to raise prices again The manipulators may not actually be able to affect the market as much as we think but they are able to take advantage of the FOMO and FUD in the markets at certain times. Its like skilled traders, to be able to react to movements and forsee what will happen. Timing is everything. |
|
|
|
|
Debt is a killer. When the last recession of 2007/2008 hit i was made redundant
after 15 years in the same company. With the redundancy money i cleared all
of my debt bar my mortgage and kept my dept to a very minimum. I dont have
a credit card since 2008 and only a small personal loan on a low interest rate
which will be cleared next year.
Other than keeping my debt to a minimum and trying to stash some bitcoin i
really cant do anything else.
|
|
|
|
|
These are just minor market reactions to trading. I say minor because there
have been bigger movements as we all know.
Its strange for the OP to ask this question, a quick view of the bitcoin charts
would reveal all sorts of movements.
|
|
|
|
It seems as though the majority of this forum are capitqalism worhsippers, ceo worshippers, blame the poor for making stupid decisions.
Let me clue you guys in, there is a lot of luck involved with how our lives turnout and for people born in the 3rd world country working in factory jobs work harder than all the CEOs. No one is self made, we all rely on each other in this society.
Universal basic income doesn't make people lazy, it actually gives people more opportunities to excel and crime rates would plummet. UBI is actually owed to the citizens because all land has become privately owned and resources extracted, its just a dividend to every human on this planet which we share.
I've looked at the data, uncoditional UBI makes complete economic and social sense. A lot of jobs are "bullshit jobs" anyways which serve no real purpose. Most of the jobs are becoming automated anywyas so UBI is absolutely necessary or there will be mass revolution.
Who pays the UBI? Is UBI paid to those who dont work as a kind of basic living wage? To me it sounds like the havs will to pay for the have nots! |
|
|
|
|
Ok so bitcoin has kickstarted the blockchain technology and we have seen
countries in Europe and Japan and Australia looking to attract job growth
in this field because blockchain is a recognised factor contributing to the
current industrial revolution so yes i agree with the OP.
|
|
|
|
|
Very good replies to the OP.
Firstly it is human nature to want to succeed and progress, this is why are
the dominant species on the planet.
Sustainability is the key. There is little lasting benefit to donating to the poor
because it is a temporary fix. Education is important along with financial
assistance to create something which can be built upon.
Donating to charities is only partly solving the issue. A high percentage of
what we donate goes on salaries and administration.
|
|
|
|
Hi folks,
Some amazing similarities. We know how many dot.com companies have been successful but also the big number of them crashing during the dot-com bubble.
The best and most famous example of success is Amazon.
Bitcoin could be the Amazon of the crypto market, while the spectacular crash of Ethereum and many other altcoins is very similar to the very numerous dot-com companies that tried to enter the market but failed to grow in the short or middle term.
Exciting times, or depressing times, depending on which coin you are betting on. 2018 definitely a crucial year for cryptocurrencies.
All constructive opinions welcome.
yes and it wasnt too long ago when Ethereum was soaring that some people thought it would take Bitcoins place at the top. Im sure there are a lot of people who dont think the current market is exciting but it is nonetheless , the game is changing and we are all changing it, Bitcoin, Alt's, ICO's, Mining, Nodes, Exchanges, Threats, Pressures from outside, the space is evolving |
|
|
|
|
Good OP although i thought with the use of the word Bloodbath we were heading
for a typical newbie post about how bitcoin is dying.
Good points made, there are people in this space who have over extended themselves
probably late last year and are truly suffering at the moment.
The key is indeed patience. Think of the people who got into bitcoin in the early years,
Bitcoin does find a way.
|
|
|
|
|
Show Posts
