No Bull Run in 2018?
I am just wondering what will happen to the cryptocurrency market if there will be no bull run that can happen before the end of this year as what many have been expecting? Can we then anticipate a much lower market volume or will there be instead a big rebound like a market revenge? Or should we start watering down our expectations as soon as possible? I have been thinking of the possible scenarios because I can sense that many cryptocurrency players and holders are really looking forward for a bull run or a bullish market soon...what do you think?
Without having any bull run for the entire year will definitely give mixed impact in the community. As most of the people here wants to see a good bull run, perhaps some might get tired of waiting. They might see this as a waste of time. Others will definitely keep on holding and hope for the best next year. Few will be delighted since the market is stable in the range of low price and they have the whole year of accumulation. Though, it is too early to say that there will be no bull run for this year since we are just starting in the second half of this year. |
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One thing to say mining bitcoin consumes a large amount of electricity and it would take lots of equipment to manned the mining. There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit. However, it matters on trading and exchanges.
As of this moment and the following years hereafter, we just have to deal with the high cost of Bitcoin mining. Bitcoin has a proof-of-work concept or algorithm and as time goes by, the difficulty of the work increases. Along with it is the consumption of electricity and its other resources. Thus, making the mining even more costly. There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit.
no it won't, as long as the equipment is available to everyone. unless you find a way to create a more efficient ASIC and only use it yourself and not give it to anyone else. which is not going to happen, the companies will mass produce it and when they do the hashrate will increase, difficulty will go up with it and the profit will be the same as always. Or, if you found a way to create more efficient ASIC and sell them to companies who manufactures ASICs then you'll have instant huge profit without even mining. |
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User: haimefx BANNEDCopy:As bitcoin and cryptocurrencies are becoming popular every blessed day and have caught the attention of Government and other regulatory authorities looking into how the market could be regulated. A lot of people are entering crypto and often one of the important questions noobs(new) ask is that if they invest in cryptocurrency, is their money and will they not wake one day and their bitcoins are gone. I will try to answer this question and give reasons why bitcoin itself is hack proof.
Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
Archived: http://archive.fo/qrfVzOriginal: https://steemit.com/bitcoin/@abdulganiy/is-bitcoin-hack-proof-or-not
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Bitcoin actually doesn't require approval to be used anywhere. You can use it as long as you have internet connection and a device.
Countries "approving" bitcoin just makes it actually legal to use and accept for merchants. correct me if I'm wrong
Approving does not actually states that they are accepting Bitcoin as a legal tender (unless otherwise, of course). Approval is basically recognizing something and not legally as a whole. I've seen some countries approving Bitcoin but they always warn people about them. So the acceptance falls in the matter of choice. Approval might have been a vague term, perhaps they should use "partially accepting".  |
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Actually, people does not really need Bitcoin to do any form of money laundering. They just see Bitcoin as a great medium to hide the money they laundered since only a few would think that the laundered money were converted to Bitcoin also people can easily hide their connection to a Bitcoin wallet.
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The blockchain ledger is an incorruptible system within which any information that is entered into it can not be altered or better still deleted. Would it not be advisable that governments and banks inculcate the Blockchain technology into their financial transaction so that there can be transparency and orderly arrangement of transactions.
Oh c'mon. The government has been very good in that kind of matter, corruption. Regardless of the implementation of blockchain as transparency aid for the financial aspect, these people will continue to find ways in corrupting the national funds. Just like the old saying, if there's a will, there's a way, people will find a way to patch their will. As of now I have no idea how but others will figure things out. |
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Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
Actually, you do not really need a physical evidence to prove this. Logical reasoning is good enough. Imagine you have a number of Bitcoin that can significantly affect the market. And since we are talking about whales, they have more than enough number of Bitcoins to control the market. And since some of these whales wants to accumulate more Bitcoin, they can easily manipulate the market by selling hundreds of Bitcoins just to trigger panic selling. However, they do not control the market at a daily basis. Whale manipulation only happens several times. |
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Many participants of Cryptocurrency market who could read chart predict that the price of bitcoin will reach 100,000 dollar before the end of the year. What is your opinion? Are u positive or negative to this opinion?
Yes, definitely! Everyone can earn 2000% ROi by the end of year! You and OP should wake up. You are being positive about something that is a clear fantasy and OP is paying attention about this exaggerated nonsense. Like, seriously? 100K USD before the end of this year? Oh boy. I always appreciate optimism but if you make it exaggerated then I can say that you are not thinking at all. Consider the current status of the market and the target price and you'll see that the price target is very delusional. |
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Hello community. The market is in a bearish trend for several months. One says that "sharks" create panic with the help of news, forcing small holders of bitcoins to sell themselves to buy cheap, others say that at the end of 2018 bitcoin will soar like a rocket. Many people write and speak on this topic. How do you think how long the bear market will last? Share your opinions.
I know that because everyday many users are express their opinion regarding the price of bitcoin unfortunately the price value of bitcoin is still remain steady of price in $6,000 above. I know also that there was an expert analysis that bitcoin before the end of this year is hit of $30,000USD I think its not, But may be half of their target possible. I know the market is unpredictable but at the same time, $30k is a lot to expect this year. Maybe next year, that could be a possibility, who knows ? Yeah, we may have seen the market act so fast last year with the bull rally, but at this stage, we are in a bear market and there is nothing much we should expect than to just simply watch how events will end up unfolding which totally means, patience and time is all that we have in our hands, and we cannot foretell anything that happens in the future. I agree that 30k USD is a great price to expect considering that the market for the first half of the year is bearish. But with the unpredictability of Bitcoin, we might even go beyond that price. Being optimistic to this matter is good but I have high doubts regarding that 30k USD. Next year could be the year for it and it is more realistic for that price. The bear market might end when we enter the "ber" months since this has been the historical trend. I think we just need to keep our fingers crossed  |
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This is so sad that your government want to ban cryptocurrency in your country. But the question is why do they want to ban cryptocurrency at all? Banning cryptocurrency in the country will do more harm than good to be frank. Now most investors are putting money in cryptocurrency. People are getting themselves employed by investing in crypto so banning this will put serious stress on the economy. Your government should try and rescind that decision
I am wondering how could banning cryptocurrency in a certain country could significantly affect its economy. As far as I know, cryptocurrency hasn't even having a big impact for the economy as a whole. Let us say that many are making a living by engaging in cryptocurrency, however, the fact that engaging in cryptocurrency is not recognized as a "job" by government in most countries (I have no idea if a government somewhere recognizes it) then how can it put "serious stress" in the economy? For the record, cryptocurrency will not make the economy any better. Optimism is good but we have to take a look at the reality from time to time. |
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Name:Mind Control
Rank: Member
Nexybit ID: mindcontrol
Nexybit Exclusive Bitcoin Address: 39UEBK2bZiY22nqkndYgaxkL7nQx2DJxCG
PS. My OTP does not succeed.
Done
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USER: oceanstarview BANNEDCopy:Altcoin is any digital crytocurrency similar to bitcoin. The term stands for " Alternative to Bitcoin" and used to describe any crytocurrency that is not a bitcoin. Altcoins are created by diverging from bitcoin consensus rules ( the fundamental rules of the crytocurrency's network) or by developing a new crytocurrency from scratch. Most popular altcoins used the same fundamentals building blocks as bitcoin. This approach is relatively easy to carry out because bitcoin is a free open source platform. When an altcoin forks at the blockchain level, an alternate system of consensus rules must be use and the coin will have an entirely different distributed ledger. the same is true for altcoins built from scratch. Some altcoin have different monetary policy rules built into the currency to encourage different uses and treatment. Policies such as minimum spend, positive or negative interest on coin stored, can encourage or discourage hoarding. Policies for coin mining may function differently from bitcoin, as may the number of coins paid out per new block mined.
Archived: linkOriginal: Taken from https://whatis.techtarget.com/definition/altcoinAn altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. Altcoins are created by diverging from Bitcoin consensus rules (the fundamental rules of the cryptocurrency’s network) or by developing a new cryptocurrency from scratch.
Most popular altcoins use the same fundamental building blocks as Bitcoin. This approach is relatively easy to carry out because Bitcoin is a free, open source platform. When an altcoin forks at the blockchain level, an alternate system of consensus rules must be used and the coin will have an entirely different distributed ledger. The same is true for altcoins built from scratch.
Some altcoins have different monetary policy rules built into the currency to encourage different uses and treatment. Policies such as minimum spend, or positive or negative interest on coins stored, can encourage or discourage hoarding. Policies for coin mining may function differently from Bitcoin, as may the number of coins paid out per new block mined.
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Cheaters in Signature Campaign!
Please delete the following entry in the Signature Campaign and revoke their stakes and tokens earned (if there's any).
#42 Mdsaad duplicate of #2 Md Saad
#43 Buedning duplicate of #20 Budening
#69 Wiobeh and #131 niоbeh duplicate of #34 Niobeh
#70 Eddyc duplicate of #23 Eddyc
#73 Starla duplicate of #38 Starla
#74 dvIgwarv duplicate of #21 dvlgwarv
#119 laoddebitcard duplicate of #83 loaddebitcard
#178 Dinda mayasi duplicate of #153 Dinda mayasi
You can verify this by looking at their profile link.
I hope no one from this list be paid.
Thanks for the action Bounty Manager.
Edit:
I submitted a report through the objection google form but my report is not reflected on the spreadsheet. I hope this post reaches the Bounty Manager.
Re-posting this message to the Bounty Manager. Please notice this post. I hope some of the participants here could help me deliver this to BM. I have submitted a report but was never reflected on the spreadsheet, I PMed BM the post above but no response. I hope this gets to BM, Nobody wants cheaters to be paid. |
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Cheaters in Signature Campaign!
Please delete the following entry in the Signature Campaign and revoke their stakes and tokens earned (if there's any).
#42 Mdsaad duplicate of #2 Md Saad
#43 Buedning duplicate of #20 Budening
#69 Wiobeh and #131 niоbeh duplicate of #34 Niobeh
#70 Eddyc duplicate of #23 Eddyc
#73 Starla duplicate of #38 Starla
#74 dvIgwarv duplicate of #21 dvlgwarv
#119 laoddebitcard duplicate of #83 loaddebitcard
#178 Dinda mayasi duplicate of #153 Dinda mayasi
You can verify this by looking at their profile link.
I hope no one from this list be paid.
Thanks for the action Bounty Manager.
Edit:
I submitted a report through the objection google form but my report is not reflected on the spreadsheet. I hope this post reaches the Bounty Manager.
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I have bought some Ethereum a while back ago and already doubled my investment. Ethereum price has been growing a lot and there's already a lot of people saying that Ethereum will be the next momentum currency.
What do you guys think? Should I hold some more?
I believe that holding more Ethereum is a great thing to do since Ethereum has a very likelihood of increasing its value. Ethereum has a high probability of profitability that's why many are resorting to it. I believe you should hold more, as much as you can. On the part if Bitcoin will be surpassed by Ethereum, we cannot say for certain but in my honest opinion, there is a good likelihood. Ethereum is a great coin for p2p transactions. It is much practical compared to Bitcoin. |
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The coin circle has suffered a new round of black swan events. What do you think of Eth, whether to continue to hold or to sell.
This is Ethereum we are talking about. It has a well established reputation in the cryptocurrency world so by asking this type of question guarantees your being novice in this. Regardless of the trend of the market, Ethereum has proven itself to be profitable. That is the reason why many are investing in Ethereum than some other coins out there. HOLD. |
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I want 1000% gains why is it hard to gain that when researching the past many coins achieved that
At this point, it is not likely that we will encounter a coin that would propel to 1000% gain, otherwise that would be a very rare case. If you are aware, those coins you speak of that achieved 1000% are the pioneer coins. Meaning there are few coins that exists then and only few knows about cryptocurrency. Now that the market of cryptocurrency is exploding, the pioneers soar up. |
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The answer to the OP is dependent on what side to consider, the side of the company who launched the ICO or the side of the investors who invested in the company's ICO.
If it will be on the side of the company then a successful ICO is an ICO where the company raised their minimum amount goal and nothing more. Goals are set for a reason, if it is met then it's a success.
On the side of the investors, the success is when a good profit was made. Investors invest because they want to gain and if they gained based from their expectation then their investment is a win.
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Do you think Eos will surpass Ethereum in 2020?
I believe it can be!
Let us say that EOS can, but the question is: will it? It is good to be optimistic about things but we should never neglect the reality. ETH is far too strong for EOS to handle now or two years from now. People might be just optimistic now because we can see big profits from EOS but what will happen after then? Nobody truly knows that's why we cannot be too certain. And for the record, in what aspect will EOS surpass ETH? Price? Dominance? Market cap? Capability? |
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<snipped> a lot of people wrote in the beginning of may it will be a good month. now the end of may and everything is red again. From which month can we expect a week of green? I hope you are well aware that those people's claims are nothing more but a mere guess. I can easily say that "after a month we will see a great soar in prices (in all cryptocurrency) and Bitcoin will surpass its all time high and will peak at 100,000 USD". Pretty easy, right? So these "a lot of people" are just being too optimistic about the price. As I personally always say, "Always expect for the worse". |
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