According to Cointelegraph: Steve Wozniak: Bitcoin Is ‘The Only Digital Gold’“Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That's the first one they have to give up to try to have a business model.”I strongly belive in this point that Mr. Wozniak raised that, altcoins must give up chasing bitcoin and showing some aspects of bitcoin to create their own identity. Most of the altcoins try to copy bitcoin and remain as a failed one. Only altcoins with radically different structure are the successful ones. Also we can't really ignore the fact that bitcoin indeed shows some similar characteristics of gold. So saying bitcoin as a digital gold is not an exaggeration. There are only three questions come to my mind after checking this article: - when 20k? - when Moon? - when Lambo?  Lol! We all are waiting for the answers! |
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How TA works then?
TA was made to calculate emotions of average investor. I mean that we are not special. Most of investors buy when price goes up and sell when it goes down (mostly). It was calculatet into indicators to give you time advantege to show what will average investor do in next time frame to be beafore him. If you know that average investor who invest by his emotions will sell in next time frame all you need to do is sell beafore him Really mate! Then we should call it "emotional analysis" and not technical analysis! The definition says "Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns". I don't see any emotional quotient is being used in this type of analysis. Technical analysis is purely based on the numbers and not by the emotions. That is the reason why TA doesn't really help understanding the crypto market which is driven by global emotion. |
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I had been trading and doing bunch of other things in crypto as a hobby. But When BTC hit 15-20k I decided that I should become a company, pay my taxes and provide for my family in crypto. It worked out well for couple months. But right after I became a company, BTC went down pretty bad and it`s been gradually going down since then. So I can`t really provide a life through crypto anymore. The last 3 months, I made less than half of what I made in November, December, an January. Don`t get me wrong. I strongly believe in Crypto and am an early adopter. I love the volatility, the community, the cause and the technology. But I have to pay my bills and I don`t wanna look for a job again. So here`s what I~ve been doing so far... 1- Currently I have 2 different bots running which neighter of them really makes money at all. Because they`re still at the trial stages and I`m not sure if it`ll ever work out or not. So I can`t put so much money in them. 2- I tried arbitrage for a while but there`s not much of that anymore. Even if you can find an opportunity, you either have to risk tons of money (in 6 digits) or you have to wait in a low volume market to see if anyone buys your high sell order. So the arbitrage doesnt really do anything anymore either for little people like me. 3- I`m still manually trading between 3-4 main currencies but as you know no coin is going high against dollar nor BTC. So I just buy and wait... then it goes down even more. I just don`t know how long is this downtrend going to stay? If it goes for another month, I will have to look for other options, other than crypto to provide for my family and pay my bills. 4- I made pretty good money on the airdrops during Nov-Dec-Jan but now that market is suffering too. Based on a pretty recent study, 85% of the ICOs are scam. 12% of them barely have actual coins and only 2 something percent of them actually goes into an exchange and become dumpable. As we all know almost all new coins suffer on the value. So there`s almost no opportunity in airdrops and forks anymore either. 5- I have a Facebook group with 50k members which brings in a small income from ads. But that amount wont even pay one bill. So I`ll greatly appreciate if anyone gives any advises on what other ways out there in crypto world to money off of? Now, I should mention that I have morals and ethics. I won`t scam people, create ICOs, do any kind of fraud, participate in any kind of "adult" project. Thank you Bitcoin Community for always being there through thick and thin  One question to you! Since you had formed a company during late 2017, what was the product of your company? What was the services of your company? Did you create a company without any of these? If yes, then it is a mistake. No company survives without a service or a product. I still earn in bitcoin and other cryptos but I didn't form a company because I don't provide any services or sell any products to the community. My earning solely depends on my trading capability. Try to look for a job because that is the only way out I can see for you. You can have all these crypto things as a secondary source of income and must not rely as the primary source. I know a couple more people who has done the same mistake in their life by going full time on cryptos after leaving a well paid job. Get more involved in the bounty and airdrop market as it is not dead yet. Obviously there are many fake companies are present in the ICO market but since you have to pay your bills, don't hold any tokens that you get from the bounties. Receive and sell it all, it will help you to have some liquidity. If you wait for longer with the hope of price increase, you may not get the desired return. I ended up with a lot of dead coins in my wallet just because I wanted to wait for the price increase. The ICO disappeared and got delisted form the market. But initially for few weeks, they were traded in the market and if I calculate now, I could have received around 3 ETH from these dead coins if I didn't wait for price increase and simple have dumped it. Don't stop trading as it is the best thing you can do to have a stable source of income since you don't have a job. Shit happens with everyone. Strong man stays and fights and rest gets wiped off. All the best! |
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Many companies that is using bitcoin and the blockchain particularly some ICO's recently are being launch involving the betterment, improvement or something that will sustain our environment but is it enough to do its part or what it promises in its vision and mission? because the next tough part after the launch is how can they implement it effectively using bitcoin or the blockchain? are the world ready for it?
Bitcoin or the blockchain is not a magic wand which will save the environment. On the flip side, crypto currency mining requires hell lot of power to operate that is actually harmful to the environment. I too have came across few such ICOs who are trying to build decentralized waste management and recycling service, decentralized hydro power mining operations and solar powered mining and electrification initiatives. But these ICOs are at a very nascent stage and didn't show any result yet. If they start their operations, they probably won't add to the existing environmental burden around us but won't reduce it as well to any significant extent. So saving the environment is out of question. Blockchain is only being used as an operational method by these companies. As more research will happen in the crypto space, we will probably see more new ideas on how effectively we can use blockchain for the betterment of our environment, but it's too early to comment now. |
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The current situation is not very positive in india right at this moment. The Reserve Bank of India had issued a notice to all commercial banks which forbids them to provide services to any crypto related businesses. Few crypto exchanges have taken this matter to the court and surprisingly the court had denied interim injunction on that notice.
The future looks grim under current government policies as this givernment is driven by religious forces.
Weren't all of the Indian crypto exchanges leaving the country and moving to Singapore or something? One cannot possibly blame India for blocking banks to work alongside crypto businesses. A lot of people got scammed in India, people were held at gun point apparently, and the thieves took away the entire money. But we can't blame crypto as well. The future looks uncertain, there were rumors about the Reserve Bank of India releasing their own coin, hopefully whatever happens, it is for the best. Indian crypto exchanges are certainly planning to a more crypto friendly nations like Singapore or Hong Kong but that doesn't help the common crypto users of India. Where the common people used to receive domestic remittance, they will start receiving foreign remittances which will raise another set of alarms to the tax authority. Individual peoples will start getting tagged by the tax authorities on those remittances. This will further worsen the situation. The only way is to keep the p2p transaction market alive like localbitcoin and paxful. p2p transactions are harder to catch if the amount is kept within a certain low limit. But if the government finally decides to ban it, a lot of people will face serious trouble. |
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One should always check that the payment option you are going to use is supported on that casino. Otherwise you will not be able to deposit money there and gamble. Do supported payment options affect your choice of an online casino ?
Absolutely Yes! It is one of the major factors that affect my choice of gambling websites besides other factors. If I want to gamble purely based on crypto, I will search for a reputed gambling website which accepts crypto. I may not be willing to give away my bank account details to a gambling website for sending and receiving funds. So choice of payment options plays a vital role in this decision making process very obviously! |
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What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?  The current situation is not very positive in india right at this moment. The Reserve Bank of India had issued a notice to all commercial banks which forbids them to provide services to any crypto related businesses. Few crypto exchanges have taken this matter to the court and surprisingly the court had denied interim injunction on that notice. The future looks grim under current government policies as this givernment is driven by religious forces. |
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I don't know what others think but that probe is going to have an adverse effect on bitcoin market. SEC has been playing a double faced game with the crypto market in their country and they just included CTFC and DOJ in that game. Bitcoin and the crypto currency market flourished because there was no regulations of any sort. If the regulatory bodies try to claim their right on that, it will just destroy the entire ecosystem for bad. Also the identity of big trades will be open to them and many arrests will be followed. Not at all getting a good feeling about it!
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I love Bitcoin and the ambition of a revolution from the banks BUT...
Does anyone think that one thing stopping it from mass adoption is the satoshi value?
If I was to buy a coffee it would be B0.00067
People would much just prefer to see $5
What do you think?
Math as a bottleneck for bitcoin's mass adoption?? How silly is that! We have QR code in place already to overcome that issue. Every time you buy something using bitcoin, you don't need to calculate the bitcoin amount in your mind or smartphone calculator, there are services like bitpay integration to do that for you. All you need to do is to scan the QR code presented at the time of check out and complete the purchase. So it is not really an issue for bitcoin's adoption, the legal status of bitcoin is! |
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For bitcoin to work as an effective currency, it needs to be stable. The reason why there aren't that many merchants around the bitcoin ecosystem is because they are scared to receive a payment that's too volatile. Bitcoin would have been an excellent currency since you can use it across borders without having to exchange to a country's local currency just to buy something, so there's that. I rally doubt that statement. Bitcoin was never a stable currency since its inception in 2009. Did this volatility hinder the growth of it? Absolutely no! The volatility is not a reason. The reason is its legal status. Bitcoin is not legal in majority of the countries and the merchants are usually a legal entity. So they just don't want to get into something which doesn't have a legal status or the legal status is confusing. That is the main reason for not accepting bitcoin by many merchants, not the volatility! It's just an excuse. |
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My picks are as below,
Winning team:
top probability: Germany (Powerhouse),
Second probability: Brazil (Disciplined playing)
My dark horse: Portugal ( world cup is a stage where you can expect the unexpected)
Golden boot:
Messi or Ronaldo (I can really see anyone else in this list)
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Is it really decentralized? I can't seem to find information about it. It looks like it will be state-issued, so I kind of have my doubts: “As a country, we reserve the right to issue a currency in whatever form it is, whether in digital or fiat form,” said David Paul minister-in-assistance to the president of the Marshall Islands They have some serious balls if they want to use a decentralized currency as their official legal tender though. I hope they have some serious anti-manipulation precautions in place. Manipulation would really be there and i dont really see for it to be decentralized yet this is their own cryptocurrency even they do declared it decentralized im not really convince into this matter. Most of us do really hope for this kind of transition but now it do happen but not on applying bitcoin and most of them do tend to create their own coin instead which i dont see any difference at all. The same thought struck in my mind as well. When a government is issuing their own virtual crypto currency, how it can be decentralized? But we are standing at a very nascent stage of this development and not in a position to comment on it. I am following this development and definitely will need to understand the nitty gritties of it. That won't happen unless they actually issue the currency. However, it is official statement about decentralized crypto currency as you can see in the legal documents. So lets hope for the best. |
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Why shouldn’t we be concerned? Seems like everyone on here is extremely confident will see a bounce back to the December highs and then surpass them, but this dip/crash is now 5 months long. So I’m curious as to why so many of you are confident?
Only the greedy bitcoin investors are expecting that it will cross the previous peak by December this year just like it happened during December 2017. But that may or may not be true at all. I have seen similar discussions back in 2014-15 when the price of bitcoin was standing at $580 - $650 range. A lot of people was thinking bitcoin will go back to $200 soon. But that didn't happen and we are now standing at $7,700 range. So no one is sure about what is going to happen. Patience is the key here. If you are looking for quick profit, then probably it is not a best place for you to be. Try conventional bank deposit instead. |
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Thank to OP for putting such an enormous effort to put together this thread. However, I believe the community respects Mr. Nakamoto for his invention but they are not interested to know who the person really is! Because bitcoin is a revolution and for every revolution to take shape and to shake the world, the propagator must stay safe! Otherwise the revolution is bound to fail. If, by any chance his real identity is established, do you think the enforcement agencies will let him live his life peacefully?
Can we reach a consensus here to stop finding who the Satoshi Nakamoto is and let him live his life peacefully?? He needs respect and not the investigation on his real identity!
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Bitcoin's value depends on how profitable the market (the general population purchasing and offering Bitcoin) supposes it is. Consider a portion of the more physical things you can as of now put resources or invest into, for example, Gold. The cost of Gold relies upon its free market activity. For instance, when another Goldmine is found, the value drops. This is on account of more Gold winds up accessible thus it is no longer as uncommon. So the rarer Bitcoin is, the higher Bitcoin value predictions are. Hence, bitcoin is not an exemption to the law of supply and demand.
The example of Gold is similar to how Bitcoin’s price changes. However, the price of Bitcoin usually changes because of the news that is published about it. Here’s how it works:
1. At the point when there is awful news distributed about Bitcoin, there are significantly a bigger number of individuals offering Bitcoin than purchasing Bitcoin. These individuals offer their Bitcoin at lower costs than the present value so they can offer it quick. This makes the value drop.
2. At the point when there is uplifting news about Bitcoin, there are a larger number of individuals purchasing Bitcoin than there are individuals offering it. These individuals purchase Bitcoin at higher costs than the present qualities with the goal that they can get it rapidly. This makes the value rise.
do you agree with this? what are your insights?
I don't think the news are the reason for bitcoin's price decrease. It depends mainly on the global sentiment around the bitcoin. However, the news can only spread that sentiment across the globe acting as catalyst. Bitcoin's price movement is closely tied with the global regulations as well. If a country decides to ban bitcoin, you will see an adverse effect on the price and vice versa. The fact is, bitcoin's price depends on many factors which can't be accounted correctly. Also market manipulation by the whales is another reason for it. But every price decrease comes with an opportunity for the long term believers of bitcoin. I personally know few persons who buy bitcoin during each decrease and I am also one of them. I see it as an opportunity to make profits. So the second statement of yours is partially true. Definitely with positive news, market receives more purchase orders but the volume remains high even when the market slumps. The entire thing is complicated and very diverse. It is impossible for a person to factor in every possibilities on which bitcoin's price is based on. That's what makes bitcoin a speculator's heaven. |
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Don't loose your sleep over it! The background of Rothschilds family is purely Banking and if you think they will introduce a decentralized currency to the world, you are living in fool's paradise. Whatever digital version of money they will introduce, will remain strictly centralized which will certainly not have the essence and spirit of a crypto currency. So chill and keep supporting the original form of cryptos, The Bitcoin! |
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Public cryptographic wallet addresses are long, complicated and difficult to remember. That's a small security feature of bitcoin and cryptocurrencies as a whole. People who are holding a significant amount of bitcoins, usually creates new addresses everytime they require to receive money. Complication is good for security of such a valuable asset like bitcoin. What if we use logo to tag address[/b], each symbol could be linked to a public addresses and make crypto transactions easier and more user-friendly rather than checking the 40 characters
You are proposing to effectively bring down the numbers of bitcoin addresses. A normal bitcoin address consists of 34 characters, so you can understand the kind of permutation and combinations are possible with 34 alpha numeric characters. But with logo, the scope will be drastically reduced. Just to add, we already have qr codes available for bitcoin addresses, which is kind of similar. |
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If it is open source gambler would try to hack the system and try to cheat the game to win the maximum amount of bitcoin possible. Have you not thought about it yourself that open source is like begging hello try and cheat my gambling game however it it is non-profit gambling game why not also I haven't read something about like that so I clearly have no idea how to gamble if no-cash involve? Bitcoin code open source and many other projects too. Is it easier to hack because of this? No. Bitcoin is decentralized and run by an algorithm. That algorithm generates bitcoin but doesn't store them. That is why it is not possible to hack bitcoin code in order to receive bitcoin. That's why hackers don't try this. But gambling websites are centralized in nature and uses a database to store user's information and their bankroll details. Hackers can hack gambling websites to receive user's data as well as temper the script to generate winning amounts. That's what Cobalt is trying to say. Hope this helps! |
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My current portfolio is:
-60% in real-estates
-10% in banks and precious metals
-30% in crypto-currencies
Do you have any suggestions, comments or proposals how portfolio should look. What would be
a winning combination for the future?
Your portfolio looks good but not great in context of the dynamic economy we are going through right now. While I consider real estate is a great asset to have but it also serves another purpose of having a decent living space. So it may not always serves as an investment unless you sell it off. However, having 30% in cryptos and only 10% in banks are really very aggressive according to me. It should be other way around, while 30% in banks and precious metals and 10% in cryptos. I can understand that cryptos can outperform bank's return but at the same time it is very fluctuative in nature. So you may earn 40% return from cryptos in good times but you may also loose 40% in bad times. Also try investing in stocks of blue chip companies and mutual funds. It comes with tax savings benefits and also offers a decent return compared to what banks can offer. The main point of my suggestion is to diversify your portfolio by reducing your exposure from the cryptos. Add stocks, corporate deposits, mutual funds and obviously Insurance. Even though Insurance is not considered as an investment asset, but it proves its worth during unforeseen events. |
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