all that really matters when it comes to the price that people should ever care about. is not the 10 minute fluke events of ATH..
but simply this:
2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
once you grasp that mindset. people can learnt to chill
Correct, those numbers speak for themselves. I wonder if this time next
year they will look something like this?
2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000It seems to me that the fact bitcoin reached $20k there are people acting like
spoiled children who demand their wants immediately
A lot of young people, many not educated enough in what crypto market means, were caught by FOMO and bought Bitcoin. Many of those have lost money (actually they'll lose money only if they sell) or at least have found their dreams for getting Lambo in a month shattered. And now they are lost and crying. A lot of young people are paid to cry in various ways to give the impression that everything went wrong and people have to sell - or buy - depending on what the master of puppets demands. It's market manipulation. The result is that many are acting bad indeed, but that's only a minority imho. A vocal one, clearly, still a minority.
was not going to be an end to the crypto climb and the key is the loss will be
actual if those expensive bitcoin are sold.
I fear though that a lot may have been bought on credit. |
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In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH. The amount of threads spreading FUD and negativity are growing the longer bitcoin fails to deliver the great expectations of some people. It seems to me that the fact bitcoin reached $20k there are people acting like spoiled children who demand their wants immediately and so are willing to throw the toy out or smash the sand castle because their wills are not met now. There are times when we need to visit the whitepaper to realise what it was all invented for and to have patience. https://bitcoin.org/bitcoin.pdf |
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update:
I've just lowered the service fee maximum range,
using the mixing service is now slightly cheaper.
Fee will decrease even more as user base keeps growing,
also deposit transactions are now detected faster for both btc/bch.
Have a great day and enjoy,
BitCloak
Good news which is very notable as this shows that development is progressing and also the project is treating the customer as very important. Im surprised there is not more activity on the thread though? |
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I havent heard anything of this in the news articles and im not sure
if abandoning the euro money will result in an uptake in bitcoin.
In the cnbc link the report states:
An incoming populist government in Italy may no longer be looking
to ditch the euro currency
That will be a government backed decision and they will not accept
a crypto alternative.
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I also think it smells a bit fishy! but it could be a very basic copy/paste
mistake. Everyone knows if you want to withdraw funds from an address
you are not going to provide that same address.
Its either that of checking out your platform, Can you not ask him to provide another address?
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This is ridiculous, this thread is going to turn into yet another "who is" one.
the only thing a statue can represent is a bitcoin symbol! it cant be a guy,
it cant be a girl because WE DONT KNOW
Great publicity though for Bitcoin in Kiev at least
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I have seen this a lot over my 12 months here on BCT where i particular coin
gets a lot of attention, the big one really was Ripple but not so much now.
I am witnessing a lot of threads about ETH, Why is that? What speculation is
driving the attention?
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This is no surprise, the 4th industrial revolution is happening and you dont have
to be friendly to blockchain to acknowledge it.
Along with blockchains, artificial intelligence, 3d printing, nanotechnology and
bioengineering are all making gains to add to the revolution. It looks like this
has been happening for a few years now.
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This is very good news, its actually positive news for crypto generally.
The philippines can be added to a growing list of fintech and crypto
friendly countries along with most notably Japan, Australia, Spain,
Switzerland and Estonia.
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In most neutral countries i suspect crypto is treated as an investment and
with investments you pay tax on profits. I think India realise bitcoin and
crypto can operate with whatever ban is introduced because they cannot
control it, So they realise they can earn some taxes from people transferring
crypto back into FIAT.
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The way i see it quantum computing is an evolutionary thing. The power of
hacking will increase with the power of encryption and protection.
Do people think quantum computers are only going to be available to hackers
and for people to do negative things with?
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No never heard of it but it wouldnt surprise me because scammers are very
resourceful and can be very believeable.
As pursurer posted if you give out your details be sure they are stored to be
Used for "marketing" later on.
One of the first things i learned on this forum was not to trust anyone especially
if i didnt know of their track record. If I got a call from anyone promoting
Bitcoin or crypto I would play ignorant and pretend I dont know what they were
talking about. Anyway there are only my immediate family and 1 friend who
know I have Bitcoin and crypto.
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I think this is massive and its something i would like to be able to do.
I didnt think i would see this happening and it brings bitcoin and crypto
closer by a small amount to being mainstream.
We do need more integration in order for bitcoin to be used more as
a currency.
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Hello everyone.
I want to buy some coin and hold it for at least 1 year. What should I invest on, ripple or litecoin ?
Do you already have some ether or bitcoin? I think those should actually become a priority above all the others, but narrowing your choices to just those two, then I would say litecoin. I don't even consider ripple a good investment to be honest, and for me it doesn't really matter if it will ever give your profit or not, because in the long run (and you did mention at least 1 year) I believe that everyone will understand that the ripple token itself, has no value. Most people don't even know what that token is for, but you need to know one thing about it. The token is just a feature of the network, and it's used to prevent an attack, nothing else. It was never meant to be to valuable, or scarce. That token is meant to be destroyed on every tx, and at a very low rate, so that the network continues to work, even if it ever gets mass adoption from banks. So you will always have tons of tokens, that will only be valuable enough to protect the network, but never valuable enough to ever work as a good investment. Spot on! There are indeed banks predominantly in Asia using Ripple, they are in fact using the Ripple network not the token. Litecoin is very useful, its transaction fees are one of the lowest, yes I used the word useful in connection with litecoin. Also remember litecoin outperformed bitcoin last year! Some people need to read up on litecoin. Personally i think that Ripple uses its low FIAT value in conjunction with its coinmarketcap position to attract investors, but its really the FIAT value that blinds people. |
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Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks
You made my day... Bitcoin just broke whole goverment yeah? Because they can't tax businesses which use bitcoin? Cmon man, if things would be like that, believe me, bitcoin could be more widely used than fiat because no one likes paying taxes and while people do dirty job in order to hide incomes, if there was bitcoin as a legal way, business owners would make you to turn into bitcoin in any way for their sake. It's hypothetical.I didn't say that Bitcoin broke governments (not yet at least).I'm talking about the futur of Bitcoin and yeah no one likes to pay taxes but your country cannot guarantee it's survival if people don't pay taxes and alot of people use Bitcoin as a way to evade paying taxes. Well, taxes also don't automatically get removed from your bank account either...
It would be the same if Bitcoin became universally used. Governments would just accept payment in Bitcoin, but you would be responsible for making those payments and reporting your income etc.
Also, isn't it nice that they have this big ledger (blockchain) to see what kind of income you have received.
I agree with you but escape taxes is easier through Bitcoin since it's pseudo-anonymous while you can't escape that long with traditional system since the government can check your real income if somehow you didn't report it. Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks
Wrong. If you pay with Bitcoin at a business, the business will collect the tax owing on your purchase (it will be part of the total price). If you get Bitcoin as income, generally the company you work for will remit the taxes to the gov't. If you don't pay your property tax, your property will be confiscated and sold for taxes owing. You don't have to worry about governments; they'll get their money out of you one way or another. Yes,but you forget that when you buy something the government get money through VAT and not only from the company you've purchased from. In addition to that,governments won't be able to tax direct payment between individuals. I didn't forget the VAT, that's the tax I'm referring to in red above. It's not called VAT in every country. We call it sales tax in North America and it can be federal, provincial/state, county, city or some combination of those imposed. Yeah but still,if Bitcoin becomes universal taxes would be harder to manage by governments. EDIT:Guys don't judge me too hard,we're just discussing. No worries, we are just discussing. If you go to the shop and buy beer for example, there is 1 transaction, You are paying for the goods including sales tax, value added tax or whatever it is called in a perticular country. If i sell you a camera, that is between 2 individuals face to face and there is no way it is taxed now with FIAT so the same would apply with bitcoin. As an employee my employer deducts the relevant taxes before i get what is left. You have to look at employers and merchants, for example store owners as tax collectors for the government, that applies to now with fiat and potentially with bitcoin. |
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"The investigation is focused on illegal practices that can influence prices --
such as spoofing, or flooding the market with fake orders to trick other traders
into buying or selling"
They can investigate as much as they want but they are investigating a decentralised
global network, what are they going to find other than what we all speculate, think
and know? And secondly what are they going to do? Wgat can they do?
Very little IMO
anyway i dont like how the markets are manipulated either but as above,
its decentralised so we kind of have to accept it because it cannot be controlled.
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Thanks for the replies, i suppose the topic is more about energy consumption rather than POS, i used Ethereum as an example but as posted above their move may be about control. My concern is will bitcoin mining become its biggest negative going forward? There is an interesting article in the link below which points possibly to green energy as a means to solve bitcoins huge energy consumption. https://www.newsbtc.com/2018/05/21/will-bitcoin-solve-energy-consumption-problem/ |
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With Ethereum most likely moving over to POS and the fact that POS
Is less energy reliant does it mean that going forward bitcoins POW
and high energy consumption will be a factor and a concern in the
efficiency to mine coins?
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Personally I like and hold Ethereum and EOS but not Ripple eventhough it
has priven to be resilient against negative comments about it not being a
True decentralised currency.
Ethereum is one of the big oerformers and in my mind issolid although it
will be changing algorithms to POS which might have an effect short term
on its value.
Why do you have to choose 1? Why not have a more diverse portfolio and
Have all 3 currencues?
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