More than 200k bitcoins. So, when are they going to sell that huge amount of bitcoins?
I know they are not going to hold that amount of bitcoins forever. We might get some bonuses during the auctions.
It would be nice if that Bitcoin can be auctioned to interested participants. I am sure a lot of buyers would be interested to jump on such an opportunity not just within the country but also adjoining territories. I am hoping that the government will use the 'free' money for programs that can help the people and strengthen the government's ability to apprehend illegal activities and criminals. This is some sort of a blessing in disguise for the government. |
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I believe that initial coin offerings – whether they represent offerings of securities or not – can be effective ways for entrepreneurs and others to raise funding, including for innovative projects.
I love reading that statement. It is actually fair and concise. Well, one of the reasons why SEC is strict in implementing laws on securities is the fact that if the ICO platform is left on its own there would be many scam artists that will get in and victimized innocent investors -- it has already happened actually. We have to also consider this very important job of this department. Now, if i may add, the problem here is that there is no clear regulatory framework yet from the SEC for those who wanted to legalize their ICO project. It would have been better if there would be an office specializing on scrutinizing and approving ICO projects (and have the cost imposed to the applicants). This is the best way to protect buyers of ICOs from being victimized. |
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Finally, we have here the meeting of the physical gold and the new digital gold. And I think this should have been done a long time ago. I am sure that are also many cryptocurrency holders who are interested to add gold to their investment portfolio. The real gold remains to be the most stable way of storing value and I don't see both assets to be competing with each other as they can go complimenting instead.
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Yes, this is quite possible as the open market we have right now is depending all of its movement on the law of supply and demand. Certainly, when investors are shifting their attention to Bitcoin and converting their gold assets into it that can mark a shift away from gold. However, I am sure that gold is gold and its value will remain to be stable and strong so they should not be worrying that much. It is just natural that investors would be looking for ways to enhance their profits and when they see Bitcoin to be very attractive then they will also make a stake in here. Gold has suffered a flat line when it comes to profits though it is always viewed as the real safe haven because of its stable value unlike the volatile Bitcoin.
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So, bitcoin is finally recovering because i saw bitcoin selling $18,000+ last week.
Bitcoin is a roller-coaster ride with its magnificent ups and downs. Nothing surprising, really and in fact we should be surprised if Bitcoin would stay put in a certain level for long. In other words, Bitcoin is very volatile and this can be the dreamed tool for many traders and can be a little nightmare for some merchants. We should be hoping that the recently launched (and there would be more) Bitcoin Futures of CBOE can signal a new era for Bitcoin where growth is not stifled but instead enhanced. |
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You are carrying a very positive outlook on Bitcoin and that is a very good attitude as we are dealing with a very different or unique tool in our hands. Definitely, there are so many challenges thrown the way of Bitcoin and sometimes we can get discouraged because up to now perennial problems have been affecting it leading people to voice out their strong complaints (on fees and slowness). Bitcoin belongs to the future and the future can now be experience now. We just hope that people who are tasked to decide on the future of Bitcoin will unite and seriously work on the solutions needed by the whole network.
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I am aware of some similarities between lottery and cryptocurrency. There is an element of gambling in both as we are hoping that our coins/tokens would appreciate in value as time goes on but then again this is also similar with buying a real estate as no one will buy something (an asset) and not expect for its value to appreciate...it would be foolish to get into something thinking that the value of that something will depreciate. That is, of course, against human nature. Actually, there is nothing wrong with hoping as hope can be one of the basis why we still live. As to religion, elements like faith, hope and holding on can also be found in cryptocurrency. The mains reason why there are some similarities is because we are talking here of people. As long as we are dealing with breathing human beings, we will continue on hoping and believing that something good will come out in the next few days, weeks, months and years. That is just normal.
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One of the unique aspects of our solution for developers to accept cryptocurrency for their in-app purchases is the Scaffold. The Scaffold is a smart contract that bridges the gap between the developer’s database and the end user. They can be created through our API and customized to suit the developer's needs. Each Scaffold is created for a specific type of in-app purchase. When payment is sent from the user to the Scaffold, the Scaffold automatically transfers payment to the developer and returns to the User an OPEN State that acts as the purchase receipt. For example, a Scaffold can be customized to issue subscriber status for a customer. The Scaffold will ultimately accept cryptocurrency from the user, provide the user with a subscriber state, and immediately send payment to the developer. No more lag time for developers to accept payment! The scaffold is very modular and can be implemented with minimal modifications to their application. The OPEN API makes this a seamless and simple operation. Find in depth details and use cases regarding the Scaffold system in our whitepaper!
There are so many advantages using this OPEN platform with this Scalffold. I can imagine how useful it would be for programs which has subscription fee and renewable regularly. Using OPEN, a program then can easily accept cryptocurrency without worrying too much on the infrastructure needed. I am already looking forward reading a news about a viral project using OPEN or a popular e-commerce site integrating cryptocurrency with the help of OPEN. |
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Most people own less than .01 BTC The fees to sell or transfer this .01 BTC is getting absurdly expensive and will continue to rise. My theory is the fees will become so high that most people will just hold onto their BTC rather than sell. Eventually the addresses holding huge amounts of BTC will start to sell. It will clog the blockchain and fee prices will sky rocket even more. The transfers will take longer and longer to confirm and everything will get "stuck". I believe this will fuel more and more panic selling as everyone tries to cash out at the same time. What do you think about bitcoin fees and the .01 theory?  It would be so easy to paint a scenario but as to the chance of making them come true that would then be another story. Indeed, there is a big problem right now with Bitcoin as transactions are again clogged to the max and senders are imposed with exorbitant transaction fees which is quite so ridiculous because this is the opposite of what Bitcoin should be. I am sure that sooner or later this problem can be given the appropriate solution though it is quite sad that Bitcoin has become like the government which could not act fast and decide right. Let's just hope that Bitcoin leaders would pressure those in charge to decide on this problem to think fast and do things fast. |
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The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.
People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.
Do you feel like discouraged about Bitcoin with this latest debacle?
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The scalability problem of Bitcoin is now very much magnified with the recent surge in the transactions. People are complaining about the ridiculously high amount of transfer fees imposed by the wallets and exchanges. This can't go for a long time without affecting the very viability of Bitcoin. I can sense that Bitcoin is not yet ready for the mainstream adoption because of this big challenge. Something has to be done ASAP about this big problem...yet Bitcoin leaders could not come up with an acceptable solution.
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Developers who wish to develop applications (games or others) utilizing the blockchain should rely on a mix of on-chain and off-chain application architecture with respect to their application stack, especially until the Ethereum network has resovled its scaling issues.
Off-Chain - Utilizing a traditional database or application layer for an application's heavy lifting. There is nothing wrong with utilizing a database for what it's meant to do, and helps to keep only components of an application that can truly benefit from being decentralized on-chain.
On-Chain - Relying on what blockchains are good at now, on-chain components of an application could very well just focus on payments, ownership of digital assets, game assets bought with cryptocurrency, and authorization/verification that you indeed bought x item to interact with smart contracts that are part of application.
Game settings, design algorithms (i.e the GeneScience or KittyAccessControl code in CryptoKitties), admin aspects, pricing models, should be done off-chain if utilizing something like OPEN.
Want more info? Check out our white paper!
Agree, off-chain is a must in such things I think . Otherwise we will get the same situation as cryptokitties caused. Btw never though that just some cards with cats on them could cost more than hundred thousand dollars. And moreover that people would buy them. But they do! I was really stumbled and shocked by that fact I also never imagined that crypto cats can push the Ethereum network that much. It clogged the Eth network that infuriated many and there was even an ICO project that cancelled its crowdsale schedule due to this problem. Anyway, this is indeed showing us some of the weakness of relying only on the on-chain components. Hopefully, the OPEN Platform has already taken the same scenario into consideration and would use the best of both worlds and this can be good for doing business. |
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There is a big possibility that this can indeed happen when the Bitcoin Futures market will finally open today and another one on the 18th. Maybe because futures are actually also based on speculation and I would dare say can even be the very symbol of speculation and already bordering on gambling. We are just hoping that since Bitcoin is a different animal then it can behave in a little bit different way compared to traditional futures contracts. Nevertheless, since Bitcoin is very much used to volatility then maybe the market will not anymore be surprised if there would be an upsurge of speculations. And this is also my speculation...haha! |
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I happen to have some BitcoinGold because Bittrex is supporting this hard fork -- got some Bitcoin in Bittrex for trading reason. practically speaking, getting some free coins can be like receiving some gifts on Christmas and I am not complaining. However, if we are thinking about the future of Bitcoin then it can be worrisome to think that every time there is an upgrade for Bitcoin it should be done the hard fork way for the purpose of satisfying the greed of some Bitcoin leaders and developers. This is getting to be a joke and must stop soon.
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Maybe it's cooling off too much right now? The price is around $13.6K as we speak, which is a fall slightly more than I had expected. However, I think such a dip is to be expected after the recent surge, so hopefully all will be OK eventually.
This is nothing surprising and is just one of the many dramatic dynamics within the Bitcoin open market ecosystem. People have been expecting that after the much-touted bull run Bitcoin will eventually experienced some correction -- some are even predicting a very steep correction but of course Bitcoin is Bitcoin and it is not anymore listening to naysayers. This is just one of the many healthy corrections and can be needed to stave off a possible huge crash or as what negative people are saying 'bubble pop' that can make so many people 'cry' haha. |
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During Bitcoin’s development numerous problems have emerged and developers continue to fix them. Scalability is one such issue. But another major problem is the network capacity of dealing with small transactions. Ethereum has been tackling that problem with Raiden, and Bitcoin’s solution is almost the same but with a different name: Lightning Network. On Wednesday, December 6th, the developer team announced that the first mainnet Bitcoin transaction using Lightning Network was a success. More at: https://dowbit.com/ln-success-first-bitcoin-transaction-sent/Hope this development will really be helping Bitcoin decongest its perennial clog problem of transactions which resulted into escalating transfer cost which is actually an anathema of what Bitcoin should be. Bitcoin is supposed or hope to be fast, efficient and not expensive -- these features should be at the very heart of what Bitcoin must be -- but we are seeing a different Bitcoin right now and this situation can be discouraging to many. There is an urgent need for solutions to this problem. I can sense that since the problem would mean more money for the miners these people are reluctant to welcome the solutions but we don't want Bitcoin to be shooting its own feet if they will continue on hiding their faces in the sand. The time has come and it is now! |
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I am also into other projects especially new ICOs that I believe got the potential to survive and grow under the very competitive environment we are in right now. You see, last year when I started investing in new ICOs I was then so blind assuming that ICOs will really be growing then I realized that it is not true with all the projects I chose. Some made it and many do not and out of those who made it the growth is not comparable to just hodling the Bitcoin. That was then discouraging.
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Today i read an article ICICI bank in India accept bitcoin.
That can be good news for many based in India and who have the desire to get into the Bitcoin bandwagon. When you say accept Bitcoin am assuming that you can sell and buy the coin in the bank which can spell convenience and trust for the buyers and sellers. Anyway, am hoping that India would finalize its decision on Bitcoin and cryptocurrency and I am hoping that it will recognize the cryptocurrency by introducing the regulatory framework needed. India is representing a very huge market and this is what I preferred over China. |
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Hi,
I feel bitcoin is too expensive to invest in atm, i was close to buying 5BTC back in September but thought it was expensive then (what a mistake) I know it could still rise a lot more but with what i have available to invest, isn't gonna be life changing for me. So I'm looking to invest and hodl altcoins and a lot of people seem to have faith in ETH even though the network had had problems recently. Anyone think it still has good potential to rise a lot?
I have both Bitcoin and Ethereum so I would say that both can be good choices but if you preferred Ethereum so be it since it is also another amazing altcoin with a good potential to rise more. I am predicting that soon Eth can go as high as $1000 which i know that many Eth hodlers are wishing for. I am suggesting that yous till buy some Bitcoin but concentrate more on Ethereum...this way there is still some diversification involved in your portfolio. |
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Within this past few days i made so many wrong decision on trading. I predicted wrong, or i haven't maximize my Buy in and Out. This make me lose confidence on my skills. what keep your passion on trading and continue more?
I can understand what you have been through because I too stopped trading when I felt that it was not anymore profitable for me and I shifted to other ways of making some Bitcoin online. I think as of now it is not really for me as I am poor in choosing whether to buy or to sell. Though am not closing my doors in the near future. Maybe what can ignite me in trading again is if I can have a good mentor that can guide me on this sometimes treacherous world of trading. Losing money in trading can be discouraging, just to say the least. |
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