I mean, Governments may be interested in crypto and bitcoin, but a major issue comes with how it's being used. For all they know, it can be used for illegal purposes and that may scare the governments because it leads to a dangerous country. However, another reason that bitcoin makes governments nervous is that it can be used to dodge fees and taxes that go straight to them to fund their own projects and whatnot. It makes sense that they're nervous about it, but I believe that there are better solutions that they can come up with. |
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Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)
Thanks.
Regardless of what you choose try to stay away from Coinbase. I personally use Electrum, and a lot of people have agreed that it's one of the better wallets out there -- they've supported the major forks (to an extent at least with electrum cash), but Coinbase is just too steep with the fees. Try to avoid that because it gets in the way with trying to exchange crypto into fiat. |
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BTC surges past 9 k and short term threats are growing...
Any growth will affect short term positions. The reason for this is the volatility of bitcoin that comes through corrections after bubbles. It's highly suspected that a lot of people have sell orders in on bitcoin hitting 10,000. When that's reached, if a lot of people drop their bitcoin, we'll see a very strong correction that may drop it sub 9000. Short term traders should probably sell asap, it may be dangerous if they try to buy a lot more at 10,000. |
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I'm almost positive that as long as bitcoin shows some promise, I will never fully remove myself from it. It leaves me with the chance to still make an extra few bucks even if the price goes up and I already pulled out completely. My sell price would only come when bitcoin is starting to show no more promise; when I see no future in it. For now, there is more time until we get to that point.
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Don't forget the resistance, many investors put their sell orders at 10,000 or 9,900. The rise has been so quick these last few months that I am expecting a correction (even below 8,000 is possible).
What we need to know also is if Segwit2x will be planned again soon?
Bitcoin needs to evolve, soon or later. This is my opinion.
Exactly. People are getting a little to pumped for this milestone in my opinion. I'm not sure if they're forgetting about the correction or if they're choosing to ignore it so that they get others more hyped so that they can pull out at 10,000 without much worry. Right when we hit 10,000 and people start selling their btc, I believe there will probably be a strong amount of disagreement with bitcoin and how it operates. |
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It’s been on my mind a bit, do you think that we will see a dip during the holidays from people cashing out? With Bitcoin nearing 10,000$ I am just curious as to whether it’s got a chance to hold it’s value or if it’s a given that people will start cashing out soon.
Ideally, we would see more people using bitcoin to actually purchase things over this holiday season. People are always gifting and sending others things over the holidays, so if they are planning on using their bitcoin, they should instead use their bitcoin directly and purchase more bitcoin when they need to. Instead of dipping, then this could cause an actual rise instead. |
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before comparing visa and crypto, I think you should know the type of both of those things. visa is not a currency, a visa is just a tool to save money and used for payment.
Exactly. Did you even read my original post? It states pretty clearly that I said "we've overcome one of the largest currency services." Note that I stated specifically that visa is a currency service. The sole purpose of this post was to notify people about how far bitcoin has come, not to compare VISA and Bitcoin. VISA's monetary presence is just a good comparison marker. |
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After today madness, Coinmarketcap is currently showing:
Market Cap: $299,966,306,412
Just a step away from 300B - Insane pump in a very short time. A month ago people were about to write off Bitcoin from the scene. Now there is ATH after ATH.
When do you think will be the next correction? When this will stop?
I honestly wasn't really expecting such a high spike right before the year end. I don't really know what has caused it; I didn't do much to research the drive up yet. The thing is that there will always be a few supporters for btc no matter how much it falls. For the next correction, I don't think it'll be too soon. I think what we may see is the rises coming to a slow by steadying out. There may be constant growth instead of spiking highs. There's still some time to see, but that's just my 2 cents. |
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Reading the article, I would say its more of comparing unrelated items and from that trying to make one looks good more than the other. Visa is a payment company just like MasterCard or PayPal that enables people to have access to their money for those who relies on the debit cards as against the credit cards which you are allowed to spend more than what you have. Cryptocurrency on the other hand is not just one company but series of coins being valued. Now comparing a ton of coins with a company and saying one is better off, is just an uninformed conclusion if you ask me. I agree with you in the sense that they are both very different types of payment options. I do believe that crypto is much more versatile than visa and that visa is better for the average joe. However, what makes this interesting to me is just the comparison. Visa is known by practically everyone, and crypto has just topped it in terms of the market cap. That alone says something about how crypto may be able to scale into the future. |
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What will happen with Blockchain technology in the next 50 years?
Lol, a side note: you're the guy who sold Spotify premium that stopped working right after. I didn't know any better because that was the first time I was posting on these forums and understand this whole new marketplace. I hope you were able to refund everyone. In the next 50 years, BTC may be adopted. It may be dropped. There may be a new alt in it's place. We have no clue what it will look like in the next 50 years, if not the next 10. It's volatility makes it hard to predict where it runs. For now, I believe blockchain could be the future for the next decade or so. |
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Few hard forks have been dished out to solve this problem but no one wants to move and support the new coins. I too don't want to support those coins because it's hard to trust a new coin that is similar to bitcoin and the prices can be easily manipulated bitcoin cash can be an example of what i'm talking about.
Yea, segwit and hard forks have definitely reduced the transaction fee price and that's a great outcome, but the coins that have come out of the forks are just practically worthless. No one trusts them; they just seem more like attacks on the main coin Bitcoin. |
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IT WAS AROUND $8,400 AT THE BEGINNING OF THE DAY THIS IS INSANE
It's the essence of bitcoin! We saw some good bits of steadiness right after that drop from the fake fork. Honestly, I wouldn't be surprised if we hit 10,000 by the end of this year if more companies end up showing their support for the coin. This should be coming through soon, I predict 2018 to be a good year, but not the best, for bitcoin. |
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It's a big concern from businessesmen to start accepting Bitcoins on their stores, restaurants, etc. And one of the main reasons is because the time the transaction takes to be confirmed is too long. Then I was thinking what could be useful for them: To let their customers open a account on the service's site and add BTCs to their balances.
Then, when the customer goes the place and buy/pay for something, the amount will be deduct from this balance. So you don't need to worry about sending low transactions paying expensive fees and about waiting too much time to have your transaction confirmed.
What do you think?
Why is it necessary to load money into the account? Instead, the seller can just use an autopayment site like bitpay or rocketr. These already have full implementations for their payment processors and there have been few known issues with their payment functions. If some large corporation tried to centralize payments, they would run into issues with refunds and people who don't understand how BTC works. To skip the "middleman" service. These services are really useful and interesting, but why must people use them? There could be other options if wished... Regardless of which service people use, the ones that I stated or the idea that OP had, there would always be a middleman. In op's situation, he's stating that the middleman is this other service that acts like a debit card account. It still is a middleman service, but it may be not as clean as bitpay or the selling sites are. |
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Hi guys,
Been reading about cryptos for 3 months and invested some money 4 weeks ago.
I now have my eye on an ICO which is believe in.
Like most ICOs you can deposit BTC or Eth to get the new coins.
However this got me thinking:
Lets say 1BTC is 8k dollars and i invest 1BTC in ICO X tot get 8000 Xcoins (random name). Which means 1xcoin = 1 dollar.
This means Xcompany now has 1 BTc worth 8k dollars and i get 8000 Xcoins.
At some Point Xcoins Will be added to An exchange.
Now for our example the price of neither BTC or Xcoin Changed.
The Company Sells it's BTc for 8k dollars and i sell all of my Xcoin for 8k dollars.
Somehow the company has 8k and so do i. So we "created" 8k dollars.
Am i missing something here?
Are ICOs creating a fake market Cap?
Are they creating a bubble?
Who's actually paying that 8k dollars?
I'm not 100% sure, but isn't the sale of tokens like the sale of "shares" of a company? The ICO can sell 8k worth of tokens, which sure, makes the coin worth more, but that coin is still in your hands. If the coin suddenly tanks and is worth nothing, it is you who is paying the 8k. That's because you put your money in and the coin price fell. They take the BTC/ETH and you lose your money. |
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What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
I'd say that there is no minimum investment. I started off with nothing; I just built up my money only through working online and making money that way. With that said, I think a lot of the reason that worked was because of the huge rise of BTC. I think it's best if you just try to allocate a small portion of your daily earnings to BTC rather than putting a lot in at one time. Only put in a lot when you believe that the price will go up. |
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It's a big concern from businessesmen to start accepting Bitcoins on their stores, restaurants, etc. And one of the main reasons is because the time the transaction takes to be confirmed is too long. Then I was thinking what could be useful for them: To let their customers open a account on the service's site and add BTCs to their balances.
Then, when the customer goes the place and buy/pay for something, the amount will be deduct from this balance. So you don't need to worry about sending low transactions paying expensive fees and about waiting too much time to have your transaction confirmed.
What do you think?
Why is it necessary to load money into the account? Instead, the seller can just use an autopayment site like bitpay or rocketr. These already have full implementations for their payment processors and there have been few known issues with their payment functions. If some large corporation tried to centralize payments, they would run into issues with refunds and people who don't understand how BTC works. |
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a game where people can buy, sell and trade furniture for bitcoin, dogecoin, etherum, litecoin etc.
a game where you can go to different rooms created by different people, where you can trade your cryptocurrencies with a tiny small amount of commission for trade (to support the creators), and then, buy furniture in a official catalog where new furnis come and go, so then a lot of furnis can be turn into rare and being sell for more or less money, trade and exchange crypto with other people without any rules of the market, or buy and sell furnis with them, for more or less price.
a cryptoWORLD mmorpg where you can withdraw your cryptocurrency to your wallet or HAVE fun creating rooms and building your own space to make parties and games.
I think that game would target too small of an audience. Instead, what you could do is create a game that focuses on the game aspect first and then potentially adds some points or game currency that you need to buy with crypto. This offers much better profits to the creator as well. |
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Just like heroin or crack cocaine, it creates an addiction.
Same as was gambling
Many in here seem to have been caught up in it, spending far too much of their money on something. Partially to get the dopamine rush of buying more coin, and partially to satisfy their gambling lust hoping to score big.
It is no different than the people gambling their savings away on the roulette. Right now we are at the point where they have entered the casino and have been lucky, so they are up more money than they came. But instead of quitting while they are ahead they genuinely believe that their luck continues.
In the end it ends bad.
This is a definitely interesting take on why people purchase bitcoin. I think that indeed there are some aspects of bitcoin that seem like gambling. It has no physical backing like all other currencies. However, with the price being determined by the community support, the more people that show undying support, the higher bitcoin goes up. It's a weird cycle that's bound to continue, honestly. There will always be someone with hard core beliefs about bitcoin skyrocketing regardless of how it's actually doing. |
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there're a lot of people calling 'correction' to 'crash',
do you guys even know what is the meaning of 'crash' itself and 'correction' ?
the best way to describe it was 'Correction' because whenever we're seeing the downtrend a few weeks or days before we're seeing the pump,
so basically it's only moving back to its average price and then moving upward.
this table only show the decline after the pump,and of course the result would be like this because every months we will see the pump.
for me this chart only show how many time we're pumping and how many times we're doing a correction,
if we're moving like this charts,next month we should see another movement because it's Q4.
but who knows ? the whales always break the pattern in order to maximze the profit,
Yes, this graph is literally only showing the down-trends. Instead, I think OP needs to also include the uptrends in the graphs in order to see which drops were formed after a pump so that they can be correctly labeled as a correction rather than a crash. Furthermore, I understand how this idea is believable. For people who are getting into BTC, they're mainly looking at it as an investment, so they look only at crashes instead of corrections vs. crashes. |
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