Poswallet is finally getting a new team and getting a total new rebranding, new website, everything new and ready to pump. The price has bottomed for a while now, all things point to the start of a new big pump to a new all time high, check it out yourself: https://coinmarketcap.com/currencies/posw-coin/Im pretty sure it will go past the last ATH as soon as it gets added on Bittrex. |
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sneaky guys, creating a dip and then buying.
There they go again. They are dipping it again because the recovery was too fast and strong, they need cheaper coins and they to accumulate the most important asset of all times before someone else does it before them. They understand it, and they will not let you keep your BTC. All the weak hands will get shaken and they will collect all of it at your expense. 1 BTC=1 BTC, and they will make you handle them your BTC by temporarily lowering its price against fiat, only to see the inevitable rise later on. |
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Hi, this is my first post in a forum. The reason why I have registered is to ask a question... I hear a lot about the pumps and dumps and how much it hurts the coins.
This is just an idea, and I haven't thought of a full algorithm, but I could do it too, and make some simulations.
Would it be possible to create a coin that, after every transaction from account to account, it increases the amount of coins available on the market? So for example, if I put 10mil dollars into a coin, I get an increase of the same amount. That way, the coin price would stay the same. To ensure that the growth is steady, the new coins should have a decay rate so that price of a coin has a steady increase? This way, it would be possible to increase the value of a coin once the dump occurs, so it would force people to HODL onto their coins.
Just wondering, and would like to hear your opinions.
It is possible but it has to be centralized. The only way to keep the value stable is to be pegged to US dollar or Euro, like Tetherm this way value will not diverge much from the pegged currency. This. A coin that has a stable price is a coin that has a controlled market, which is not very attractive for anyone that wants to get rich by holding something that increases in value over time. If you want to hold something that stays stable, just hold fiat. And remember, it's not really stable, it has an inflation % that will slowly but surely decrease your purchasing power over time. There's also the possibility o making the coin release slower and linear overtime to not incentivize dumping, but again, this is not attractive as a store of value. You can't have something that is not scarce and have it go up with time at the same time. |
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These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?
edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.
anyone putting absolute bottom below 2200?
Look at previous moves before huge green candles: there's always a smooth, non-aggressive downtrend, then all of a sudden, the big green candle arises. This is because there are lot of mostly pussies out there holding bitcoin that get nervous the very moment the trendline isn't going up. Don't get lost in market noise and hold, we are still on a bull trend if you zoom out and stop focusing on the details. Remember that the devil is in the details and with the bitcoin price this is no different. Market noise confuses noobs into panic selling. Zoom out and hold long term. |
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Well I've ridden many waves with BTC (yes check my bitcointalk account joining date) but have recently sold down (not completely out). Here's my reasoning. 1. The Roger Ver vs Core discussions - I think he's right and would rather move to BCH than stay in BTC (this was nice watching https://www.youtube.com/watch?v=3R8ckM-TDHI). I get some of Cores arguments but it took way too long for me to move coins recently (and I paid a 'high priority' fee)... and that's just a crap user experience that i wouldn't get with other coins. I've been in application development for approx 20 years and have seen many discussions between tech geeks and business users... this just seems like another variant. Personality wise the core team seem very geeky (just look at the photos) and I'm guessing they all share very similar personality traits so they fail to see or identify with a diverse range of opinions (disclaimer - i don't know them personally so i may be wrong) . 2. The uncertainty in November with another fork. I'm guessing it won't go smoothly but difficult to know what will happen. 3. The china issues... there's enough threads on it but difficult to tell which way it will go in the long run. 4. I wanted some money, always comes in handy 5. My gut feel - Since inception BTC has always followed a trend of a really high jump in price, followed by a few dead cats bouncing, followed by carnage... which i believe is still to come in the next month or so. If BTC drops to less that 2K, i might buy back in... but I'll probably only buy BCH or see what other BTC fork comes out of November. good/bad decision? Goodluck, The Fajman You don't seem very bright considering you said you would buy back BCash instead of the real Bitcoin, BCash being a joke coin with a dead github and a dead blockchain that ironically can't even fill 100 bytes of transactions, but i'll byte: 1. Roger Ver is a clown. We've had XT, Classic, Unlimited, Cash.. the list goes on. All altforks will fail and never will dethrone the real bitcoin. Segwit2x will join this list. 2. Segwit2x is a scam and will get nowhere: https://medium.com/@WhalePanda/segwit2x-the-broken-agreement-e9035a453c053. China FUD is already priced in. They have nothing else to FUD with after the ban. 4. That's your decision. 5. Whatever you say, but don't buy a shitcoin instead of BTC when you want to get back in. |
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People usually speculate about the future price, but maybe to predict the future we must first understand the past to see if there are any patters and mechanism that might drive the price. To me the most mysterious period of Bitcoin market is the bear market of 2014-2015, when Bitcoin was sitting at $230 for almost 2 years. So, what caused such a low price? Was is solely an effect of Mt.Gox or something else? I'm especially interested to hear responses from people who were into Bitcoin during those times and were involved in trading discussions. Thanks!
I was there buying bitcoin every month at these cheap $230 prices after I saw it crash all the way down from $1200. While the rest cried about it and said bitcoin was dead, I was buying, now do the math and tell me it didn't pay off. The price was low because of MtGox in my opinion. When you get hit by a nuke, there's radiation. The low price was the remainders of this destruction, but I knew bitcoin would survive long end. The protocol was intact and everything worked as intended. A big centralized exchange closing was nothing. |
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An example of someone that is making a killing getting paid in Bitcoin is Tone Vays. This guy is charging 0.1 for his trading advice for one hour.
Adam Meister is also asking for a similar rate for some sort of consulting and whatnot.
And of course, Andreas Antonopoulos is getting tons of BTC doing all those speeches all over the world.
So there you have 3 examples of people getting paid in BTC and living off it. You know what to do: become famous and then charge for your time, that seems like the way to go.
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For few special individual who have followed Bitcoin much more early than any other Bitcoiners.
Share Your Precious Thought. Shout out your voice!!
I have been here since MtGox and I have tried several methods to try to get bitcoin, and the truth is, unless you are lucky, you will lose money in the altcoin speculation game. It's better that you stick to buy bitcoin every month with your wage at whatever market price, just keep buying every month. After 3 years of doing this, you will see the mad gains coming, specially after it crashes and stays cheaper for a while, that is when you must buy the most, when people are being unreasonably negative is when you must take the most action. So keep buying monthly, and try to offer services and skills in exchange of BTC too. |
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Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.
Hitting off the $30k-mark will be a dream-come-true for many of us here especially those who hodl their BTC for long time. It is possible in every way that we can think of but take note that this will be very hard to achieve. Look at what's happening right now. We are at the brink of hitting the $5k mark and then boom, one country spread FUD abhorrently followed by a baseless accusation by a CEO of a well known company and the market just reacted negatively bringing the price to what it's now. What we need is for people to genuinely believe in BTC's technology and don't get manipulated by other people with FUD news. If genuine mass-adoption of BTC will happen, $100k mark is not even impossible.  Real hodlers will not sell at $10k, $20k, or $100k. Real hodlers will wait until you can buy anything you want bitcoin, including real state. By then, one BTC will afford you a nice condo in Los Angeles or some other expensive place, so you don't need to pay taxes on currency conversions. It's either all or nothing. If BTC reaches its full potential, everyone that ever sold a single satoshi is going to regret for the rest of their lives. Don't forget that the first real state purchases are starting to happen and we are only in the beginning: https://futurism.com/bitcoin-was-just-used-to-pay-for-a-new-home-in-texas/Imagine how things will be in 10 years. |
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Regurgitating the same news will not work to push the price lower. They aren't scaring anyone anymore, the novelty factor is lost, the price isn't even moving anywhere. When people see the headlines they will realize "oh wait I have heard this before". There's no point in trying to negotiate with them. The language barrier is too strong, they will never understand what real bitcoin is. Let them mine BCash or whatever shitty hardfork they come up with next.
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I wonder if this was some ICO issuing unannounced refunds? It came in over a week ago but I just now noticed it:
0x78482281699b48dd34a2d521D1fE1E6e22e25314
Can you list the amount of ICO that you have invested at pretty much ever? It's funny because some people went compulsively investing on every single ICO in town during the ICO hype thing and a some of them never got anywhere, this made people get their ETH back a ton of time later and they didn't even knew that invested on there. Some people isn't able to track back what exactly they invested at and what amount because they went into a ton of ICOs. Well, they know who you are now!!! You can google the address and it comes up a bunch of time, I came across this (slightly unrelated) nearly made me cry https://github.com/bokkypoobah/EthereumFoos#dont-leave-your-ports-openone of the results was listed in bokkypoobah's github - perhaps you could ping him and he might help - some attack. Do be careful though - sounds like the opening scene of a B movie. Thankfully, I never got involved in any ICO. I regret not getting in some tho, the return of investment was simply too big. I think taking the right preventive measures you could have gained a ton of BTC in these ICO's without ruining your privacy in the process. But yeah, Ethereum in itself is a mess. The network goes offline when big ICO's happen. It's a joke. |
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I wonder if this was some ICO issuing unannounced refunds? It came in over a week ago but I just now noticed it:
0x78482281699b48dd34a2d521D1fE1E6e22e25314
Can you list the amount of ICO that you have invested at pretty much ever? It's funny because some people went compulsively investing on every single ICO in town during the ICO hype thing and a some of them never got anywhere, this made people get their ETH back a ton of time later and they didn't even knew that invested on there. Some people isn't able to track back what exactly they invested at and what amount because they went into a ton of ICOs. |
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Proof of stake is naive and subconsciously inspired by the old fiat money banking paradigm: the more money you got, the more you can create.
Authoritarians love PoS.
Proof of space, just released by Bram Cohen, is equally naive but much more interesting.
Ah yeah, I remember Bram Cohen (that's the guy from Bitorrent right?) talking in twitter all day how he had a bright idea, I will look into Proof of space later but just by hearing the name I predict the same game theory problems and security exploits that I would think if the proof was harddisk space or something. Anyway it seems like nobody can come up with a better system tham PoW. When it's all said and done, if you consider the pros and cons, even with all the cons PoW has... it is still the best way to go. The guy that comes up with an objectively better idea than PoW will become a billionaire overnight and so will the early adopters of said coin.. that will be a real altcoin to get into. |
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There's extensive literature on why PoS has security problems like nothing at stake and as far as I know it was never solved so I doubt something as basic as PoW will be changed in BTC. I thought when all the bitcoins that are possible to be mined are mined then it would go over to POS?
No. Miners are supposed to get revenue from the miner fees at that point. Some people are saying that it may raise some problems by the time we get there in 2140 and even propose introducing a small % of inflation into the total supply, which I think it's total bullshit because we all got there due the scarcity aspect of BTC. I would like to hear from the real smart people (basically Core devs) what they think about it this. Unfortunately we all will be dead by then, but I got into Bitcoin for the long term and I hope the same rules of 2017 are being enforced in 2140, and that of course includes 21 million. |
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This is what he said about the possibility of a change in the Proof of Work algorithm. In a situation where the majority of miners are supporting SegWit2x and users still prefer the original chain, Maxwell noted that a change to Bitcoin’s proof-of-work algorithm (SHA-256) would “make sense”. The Blockstream CTO does not view SHA-256 as a defining trait of the Bitcoin system, and he noted that it may need to be changed in the future for security reasons anyway.
Changing the proof-of-work algorithm would effectively destroy the investments bitcoin miners have made into specialized hardware used for the mining process. Maxwell referred to this as a “nuclear option”. It will depend on the Bitcoin community. And I expect such a move would find very significant support in the Bitcoin community, it's simply not wise to trust the Seg2x developers when they are either unknown or, worse, known to be enthusiastically against the principles of permission-less sound money. And then it would be true gold rush time, any new hashing algo chosen would be carefully vetted to be sure that the development time/cost for an ASIC would be maximised. A whole new generation of Bitcoin home miners would flourish  I expect DooMAD to ridicule this and make subtle points steering any readers in the direction of the Segwit2x fork, as usual, but let's remember that he's the only voice on the whole Bitcointalk board even faintly supporting Segwit2x. There's no proven case in favour of the move, and all other information suggests there are several reasons against the Novemeber hardfork. Cue DooMAD, talking about how much he "favours choice", yet refuses to ever acknowledge the value proposition of the supposed choice that's actually being forced on the users (except when people are suggested to choose something that threatens the miner cartel, oh what a strange coincidence ), take it away son It seems there's a lot of people scared about segwit2x being a success because Coinbase, Xapo and BitPay are supporting it. I believe the weight of these businesses is widely overblown and its impact on bitcoin is simply overrated, but a lot of people get intimidated by these "big names" and their CEOs supporting the segwit2x scam. I hope all of them get judged by history as they are forced to reject the segwit2x scam because nobody is running nodes (real nodes, not a bunch of nodes in a farm) supporting the scam software developed by CIA agent Jeff Garzik. |
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http://uk.businessinsider.com/bitcoin-price-correlation-google-search-2017-9The current price of Bitcoin has a 91% correlation with the volume of Google search requests for Bitcoin-related terms, according to a study by SEMrush, a search engine marketing agency.
The study used a database of 120 million US keyword searches linked to the cryptocurrency. It showed that the price of Bitcoin in US dollars rose and fell largely in tandem with the number of search requests for terms like "Bitcoin," "Bitcoin price" and "Bitcoin value."
At one level, the study merely confirms the obvious: As Bitcoin becomes more expensive, and thus more exciting, more people search online to find out how it is doing. On the other hand, it is nice to see statistics confirm your hunches. While the study looked at the correlation between searches and prices, it did not — sadly — say whether searches predicted or trailed the Bitcoin/dollar exchange rate.
Bitcoin searches have gone up 450% since April 2017, SEMrush says. The data in the sample is about a week old.
Since June 2017, online searches for the price of Ethereum, another digital cryptocurrency, have almost equaled Bitcoin searches, SEMrush says. Here is the Bitcoin chart:  But notice something very important: In the last period, the search volume has gone down, yet, the high price has been maintained. Look at how the gap from the search volume line (blue) to the price one (orange) has increased. This means that even if people stop googling it, they don't sell, the price is maintained. I can imagine search volume and price will skyrocket once we get lightning network and sidechains. That will be the ultimate gamechanger. |
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I read a comment on Reddit that if 90% of the miners will still follow Segwit2x on November then Core will have no choice but to fork off and upgrade to a new mining algorithm. I do not know if it has been discussed before, but what are the proposals made for the new kind of mining algorithm? Will it be something new or will it copy what is already out there?
If core gets 10% hash rate and SegWit2x gets 90% Core said they would "move onto other projects". It would be a shame that Core devs give up because of miners getting bribed by corporations, this should have been expected to happen sooner or later. Core devs must never give up, in the long term we will win. Even if in the theoretical disaster scenario where segwit2x scam gets 90% of hashrate, Core should continue with whatever hashrate that is supporting them, because in the long term, the incompetence of the idiots running segwit2x would show up and then everyone would regret stopping supporting Core, and we would get our hashrate back and a lesson learned to never hardfork again. They can bribe hashrate but they can't bribe Core devs and real talent, in the end we will win. |
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I think because China has an ideology that is almost similar to northern korea, all the activities of the peoples must be under government control, including how to do business. And China also has big ambitions to be number one in the world in all sectors, as an simple illustration : why should China use Google if they can make it ?  China is an evil place with no freedoms whatsoever. Anything banned by China is a strong bullish indicator. Also notice how they don't ban bitcoin mining. They have this mentality of "even if we ban good things here to keep people trapped in this nightmare with no freedom, we will still manufacture this same thing to the rest of the world if it gives us profit". Worry not, they will be defeated soon. In fact, Bitcoin has already made China it's bitch by recovering so quickly, look at the price. |
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I have noticed that computer illiterate people that only use screens for facebook and instagram, and generally boomers, have a hard time grasping the concept of digital scarcity, and why this is one of the reasons BTC is valuable. They also don't understand that unlike tulips, software can keep getting improved and adding value to its already valuable marketcap.
Let them cry about it, we will be getting rich in the meantime. Remember that if everyone got it, we couldn't get rich. We need the laggards to we can keep accumulating at a cheap price.
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i don't see, why is this necessary ?
i mean, it will only send data, so we will receive unconfirmed tx and confirmed blocks. (maybe superquick)
we cant send anything to the satellite directly. so at the end of the day, we will need internet , to do transactions. to send transactions.,
i am not sure, to whom it will be useful.
imho it will be continuous stream of txs, and few of the main servers which will act as nodes in bitcoin network, will send data to that satellite. which will get distributed .
instead its better to be connected to internet and act as a node, so you can get data and even send data. of
unconfirmed tx and confirmed blocks.
just my thinking, please correct me if i am wrong.
I also don't quite get what the point is. I mean, it's better than nothing, but if you can only receive and not broadcast a transaction to the network (without regular internet) then, the people stuck in China for example, whose are going to get all bitcoin sites and nodes banned (and they seem serious, since they will look for Tor and VPN too) will not be able to transact their bitcoins even if they are receiving the blockchain thanks to the satellite. I guess this is for the people that has really bad internet connection and can't receive the blockchain, but they have enough to send the transaction. I wish we could also send transactions to the satellite and then spread it to the blockchain. How far are we from that? Because if we achieve that, we win. Even people in North Korea could transact. |
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