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Simple. Altcoins typically have been known as "scamcoins" for a reason.
Bitcoin is just having a hard manipulated dip fueled by the tether (symbol: USDT) scam by Bitfinex.
These are excellent levels to be buying at. In 5-years you will see BTC price at the very least 4times/4x where it is today.
Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
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plenty of old people in USA buying bitcoin.
they are smart - understand economics, history, and world politics...
Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
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Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
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According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.
I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
This the great time to buy bitcoin because price getting low. The price is only $8,791 as of now. If you buy bitcoin now you can get a bigger profit when bitcoin price gets high. Yup price is a great entry point right now. Anything in the $8000's is a great deal! Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide. Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it. Those trying to undermine and manipulate bitcoin stem from the central bank system around the world; -the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity -the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade Above are just small examples. First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) |
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You would be a fool to only wait for that price to start buying.
Today, you would very lucky to be buying BTC in the 8,000's - in 5 years the price will be more than 4x this.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
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Despite the unpredictability of Bitcoin, it has been proven that even the least of what is expected can happen at any moment because anything is possible with this cryptocurrency. Knowing how Bitcoin's growth can be influenced by different factors, the possibility of it recovering and rising after a major event such as the Chinese New Year is not impossible. However, there is also a chance that it will continue declining due to the other factors that are affecting it. I guess we just have to wait and see because only the present can give us certainty. I can say that if we give it some time, sooner or later it would recover.
Comeback in 5 years and bitcoin will be 4 times/quadruple or more of today's price. Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide. Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it. Those trying to undermine and manipulate bitcoin stem from the central bank system around the world; -the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity -the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade Above are just small examples. First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) |
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i bet you the investment cos and partner banks are buying on the cheap
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Well I am from Indonesia, and I see my country is not on the list and I kinda know why. There are not many people in here know bitcoin, and some of people who knows bitcoin don't want to accept it. Because they don't fully know about the technology yet. Although we have 1 big local exchanger and there is exchanger that supports Indonesia ( Luno ). And I see there are so many Indonesian here on the local board.
For PH people, don't get mad, our situation is kinda the same, people play bitcoin and have local exchanger, at least you are on the list and that's good, and not in the list is not a bad thing also.
I think PH and Indonesia together make the majority of users on this forum - right? |
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I am a fan of diversified plan. But if I had to choose one, I will go with bitcoin. I think housing market is a bubble ready to burst. Gold is pretty but of no use to me and stock market needs experience. Moreover, the brightest future is of bitcoin. Bitcoin to go.
If you think the housing bubble is about to burst in your country then take advantage of that opportunity, be ready and have a lot of money stored away and buy when properties prices hit rick bottom if you do you could acquire a lot of properties that you could not get otherwise also even if you do not have a lot of use for gold it is a good idea to have some just in case. good advice. |
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As it stands today at this moment, the Bitcoin volatility index reads: 6.71% the latest 30-day volatility estimate 6.64% the latest 60-day volatility estimate The bitcoin volatility index for present day can be seen at: https://btcvol.info/ |
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I'd feel guilty if I didn't share with you guys - join me and eat up... ....Nom, Nom, Nom
huh? you look confused?
time to buy and load up. its september 2017 and bitcoin on sale for 3,100usd.
buy and come back in 4 years.
nom, nom, nom
...nom, nom, nom...
Christmas came back quick! What a wonderful new year, welcome to 2018.
Time to buy and load up, its february 2018 and bitcoin on sale for 8,900usd! lightning network emerging. scamcoins dying.
buy and come back in 4 years.
...nom, nom, nom... |
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....Nom, Nom, Nom
huh? you look confused?
time to buy and load up. its september 2017 and bitcoin on sale for 3,100usd.
buy and come back in 4 years.
nom, nom, nom
...nom, nom, nom...
Christmas came back quick! What a wonderful new year, welcome to 2018.
Time to buy and load up, its february 2018 and bitcoin on sale for 8,900usd! lightning network emerging. scamcoins dying.
buy and come back in 4 years.
...nom, nom, nom... |
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Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well?
Can anyone comment?
All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo to choose for forking bitcoin)
Nevermind I received my answer elsewhere - only ZEC forks would be dependent on the trusted setup The only coins in the top 15 that are “honest” imho are BTC, Ether and Monero. And Ether can be a bit dubious. The rest is shit. Happy to hear contrary opinions.
Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well? Can anyone comment? All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo that bitcoin-gold team chose - dubious) No, only ZEC forks are. Equihash is just the mining algo, no different than scrypt, sha256, or ethash. |
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The only coins in the top 15 that are “honest” imho are BTC, Ether and Monero. And Ether can be a bit dubious. The rest is shit. Happy to hear contrary opinions.
Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well? Can anyone comment? All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo that bitcoin-gold team chose - dubious) No, only ZEC forks are. Equihash is just the mining algo, no different than scrypt, sha256, or ethash. Ah okay, thanks! |
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Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well?
Can anyone comment?
All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo to choose for forking bitcoin)
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The only coins in the top 15 that are “honest” imho are BTC, Ether and Monero. And Ether can be a bit dubious. The rest is shit. Happy to hear contrary opinions.
Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well? Can anyone comment? All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo that bitcoin-gold team chose - dubious) |
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Do incentives play into any of this?
I think these are fundamental concepts to the Bitcoin's working system. Any questions? Feedback? Disagreements? |
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Never this is why goods today cost more than goods in the 70s if production never changed.
You are right! Wasn't it supposed to be that savings actually mean something? Why can't we save one US dollar, and hold onto that one US dollar until its worth enough to buy a car? For some reason, these fiat currencies just aren't working for savings mindset. The more you hold onto fiat currencies (cash only), the less wealth you have over time. Bitcoin finally breaks the broken fiat currency system and fixes the problem of savings. You can acquire bitcoin, hold onto it until it is worth enough to buy something valuable you need. Central banks worldwide will stop pumping monetary liquidity into the world...when? Will they never stop? |
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Hope this is helpful - there are fundamental points above.
Please comment if helpful or to raise any questions or disagreements.
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With the price of Bitcoin being so volatile should we ever consider buying or even holding if we have bitcoins? What are your thoughts??? What should we do?? As it stands today at this moment, the Bitcoin volatility index reads: 4.57% the latest 30-day volatility estimate 3.54% the latest 60-day volatility estimate The bitcoin volatility index for present day can be seen at: https://btcvol.info/My opinion of bitcoin longterm can be investigated here in this post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0Although bitcoin was always getting into volatility, we must still keep on holding into it because we all know that despite of all the circumstances that bitcoin has been facing, we are still seeing the improvements in the price rate that admit it or not do really satisfy and gives hope to us to still continue on using and getting into bitcoin cryptocurrency usage. So you must still evenly hold into it and do not doubt its capability and capacity to grow in number that will surely beneficial to each and everyone of us. If not holding, you must be a good trader to keep yourself confident on the market. This is not for everyone for sure. Only good ones can do this if you think the price is fluctuating harshly. Yah, but hold long-term, for more than 3 years, you need not worry about short term fluctuations. |
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