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This is one of the feasons why south korea for instance are introducing a
degree of regulation in crypto. Some people were loosing the run of
themselves on the run up to BTC high price of almost $20,000.
The regulation is in a way to protect the users of crypto, that was the
reported news anyway.
Borrowing fiat to invest in crypto is dangerous, only use what you are willing to loose!
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Good points above.
I would like to add my very simplistic views on what is lacking
1. Quicker transaction times
2. Cheaper transaction fees
3. Wider variety of merchants accepting BTC
4. More people willing to spend and trade
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Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
i wouldnt agree, fees are not like taxes, and fees are not a tax on transactions. We need computing power to complete our transactions, and those transactions are grouped into a BLOCK. The miners provide a service to process those blocks and without them its not going to happen. Now, this thread could open a debate on "mining" and the seemingly centralised form it has taken and the actual costs per transaction. But in the end, there has to be miners and they aint going to process our transactions for free. |
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Is this a cheap price grab opportunity?
Where were you when price was 6000$? You were waiting for price to increase to $10K and now you are thinking to buy, but that is ok because bitcoin will reach new ATH, so if you wan't to grab some cheap bitcoins now is good time. Are you buying?
Holding at the moment. If you are aiming to invest in altcoins then yes it would be the best time and would be an opportunity to buy altcoins at this time. Grab the opportunity if you are willing to take risks. Don't expect to earn profits right away but instead go for long term so you won't feel pressured.
This is not altcoin discussion  spot on, Bitcoin is making a positive move now and all of a sudden there is signs of FOMO. All last year I saw threads like this being created, is it too late threads. If you believe that Bitcoin has the potential we all know it has, just buy it and hold, the price will go up and it will go down but long term it will be worth more than it is now. There will be more adoption, more regulation, more fake news, more negative and positive news but through it all it will still be around for all to use and benefit from. Here is very good reference thread which will help you realise you should buy now > https://bitcointalk.org/index.php?topic=2933199.0In this time of Fear Uncertainty and Doubt it is sometimes good to look back at what has gone before. We should learn from other threads from late 2016, through to the latter half of 2017. There were so many threads asking if it was the right time to buy Bitcoin because the price was rising but some people still doubted it would last. So here are a few older threads which could be interesting and helpful for these current times and to learn to BUY NOW and have no regrets. Warning These are big threads, I have listed the thread start date, the title, the link and the approx. price of BTC at that time. September 30, 2016, Bitcoin is a good investment now, because... https://bitcointalk.org/index.php?topic=1631600.0 (bitcoin price - $605) July 06, 2017, Is it too late to buy bitcoin? https://bitcointalk.org/index.php?topic=2006434.0 (bitcoin price - $2864) August 06, 2017, regret by not believing in BITCOIN? https://bitcointalk.org/index.php?topic=2068454.0 (bitcoin price - $3252) October 19, 2017, when is the right time to invest on bitcoin https://bitcointalk.org/index.php?topic=2288662.0 (bitcoin price - $5411) We wont be going back to those prices above and we may not be visiting sub $10,000 after this current low spell so buy now. |
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Fact #3: The founder of Litecoin, Charlie Lee thinks that the Litecoin Cash fork is a scam, here is the tweet from SatoshiLite > https://twitter.com/SatoshiLite/status/960197866546282496There is potential for some people to get caught up in this and be scammed. The Forkers  are looking for people to input their private keys from their Litecoin wallets into the Litecoin-cash site. For anyone not in the know, once you give away your private keys you loose control of your wallet.
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It will be difficult for people to follow the OP's advice on the one line instruction.
I am familiar with only 3 of your suggestions.
If indeed you have extensively researched each in your list you need to give us
some clues as to why you know these are positive performers.
Everyone can create a list like this and encourage others to invest in them with
only one line saying how great they will be!
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Since the 6th of February when BTC reached its lowest since the almost $20,000
high we have been climbing steadily from $6181 to today's $9688.
It is too early to say if we are witnessing a positive continued rise and going forward
there will be corrections, the main thing is for people to be able to identify this and
not to panic.
We have seen before that BTC can survive through many obstacles thrown at it
and it will continue to survive because there is more belief even after so many
people sold out because of panic in January.
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There is a thread over in the press child board > https://bitcointalk.org/index.php?topic=2942471.0I think from reading the links that with this proposed DID everyone will be in control of their own info. While BTC, ETH and LTC are mentioned in the news Microsoft will be creating their own blockchain possibly with the help of some existing crypto partnership. I am just visiting this thread again from yesterday and reading over the reports.
There are a lot of points of interest.
As stated in the Google Newsstand article it is not clear what or how Microsoft plan to implement the Decentralized ID system,
or whether we will see them adopting an existing project like, Bitcoin, Ethereum and Litecoin or building a decentralized network themselves.
“After examining decentralized storage systems, consensus protocols, blockchains, and a variety of emerging standards we believe blockchain technology and protocols are well suited for enabling Decentralized IDs,” today’s announcement post from Microsoft says.
Identity is one of the long-touted use cases of blockchain technology that does not have anything to do with payments or currency. In today’s post, Microsoft points to Bitcoin, Ethereum, and Litecoin as three specific platforms that are suitable foundations for DIDs.
This is from their blog post mentioning "new partnerships", is this a wink to IOTA?
Over the last 12 months we’ve invested in incubating a set of ideas for using Blockchain (and other distributed ledger technologies) to create new types of digital identities, identities designed from the ground up to enhance personal privacy, security and control. We’re pretty excited by what we’ve learned and by the new partnerships we’ve formed in the process.
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Basically an ICO is a funding tool and funding has always existed but
One of the latest method is Initial Coin Offering.
This may change in the future to a different type of reward structure
with a different name but essentially its still going to be funding, so
the term ICO might be replaced by something else.
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Sitting at my desk today the song "Daydream Believer" played on the radio by The Monkees and it actually got me thinking of BTC. I realise now that I am a daydream believer. I believe BTC can transport me from my mundane poor pay dayjob to something I can never achieve from the daily grind. We all have experienced a taste of what is possible and I sit here dreaming of a time when we can really say goodbye to the control of the banks in our lives because of BTC and crypto. Just a few lines to lift the spirits at these times of opportunity when the time is right to get your crypto portfolio fattened up  |
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you have to realise what BTC is, what it represents to people.
and it is many things to many people,
an investment for medium and long term,
a store of wealth similar to what Gold is/was,
a payment system which is not easily tracable,
a form of hope that one day it may lift people out of poverty.
do we really want mass adoption with a coin which has a limited
supply of 21,000,000, im not so sure. Mass adoption is very
suggestive, did we have that in early January before weak hands
left the market? Will mass adoption bring more regulation and
potentially stifle its use?
Blockchain technology can operate and grow along with BTC
as it is presently.
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the only tool available to us is to examine BTC historical data for the same period and we can see last year that the prices started to climb from mid February followed by a dip and another rise in March. https://coinmarketcap.com/currencies/bitcoin/Other people have also said that BTC is always lower at the start of the year, its a general statement I know but I recon the price will not be falling but marching up to max $12000 |
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What you guys think whats going on in crypto currencies if we fall in revolution and economic downturn ?
Espeschially te Bitcoin and other altcoins and good projects. Im little bit scared this revolutinary crap !
What is show up next ?
Well if I understand your post correctly the beauty of crypto is that it is not controlled by governments or banks so if in a time of revolution or financial crisis nobody can lock your funds. If your FIAT funds in your bank are not accessible to you, your crypto can hopefully help. If you need to buy goods and if the seller is willing to trade you can use your crypto. This is what BTC was initially designed to do. |
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Are there any coins which are deleted as the time passes so as to decrease the supply and increase its value?
Also i would like to know about coins which have less circulation supply than btc and are less in value.
Absolutely there are coins which will be lost, forgotten, destroyed and abandoned. Because we are dealing with a digital entity a number of things can happen particularly human related. Forgetting wallet passwords and sending coins to different token addresses are the two most frequent occurances for unusable coins and decreasing coin amounts. Other factors like discarding old hardware while forgetting there is crypto stored on it has happened in the past particularly when BTC was valued at a couple of $'s Hardware failure is another one but not a big factor but does happen. Abandonment is another possibility. Personally I have some crypto on exchanges with nominal amounts still in wallets and it is not economically viable to retrieve them and possibly will never be possible because of the fees involved but all these small values amount to something. |
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OK - lets run with the cancer analogy.
Every living person creates thousands of cancerous cells every day, fortunately we have an immune system which attacks them, and kills them so that we stay healthy. We are diagnosed as having "cancer" when the malformed cells start to overload our bodies, and a wekened immune system cannot cope with them. All these so called cancer cures are destructive. They work on killing the cancer cells, but they also kill the beneficial cells, and weaken the immune system. At the same time, they increase the profits of the pharma companies so that they can develop products to weaken otherwise healthy people. Nobody has been cured of cancer, but some have managed to restore their immune systems by ending their poisoning by the "cures".
Now lets look at Bitcoin. The cancer in our society is the banking system, and the increase in debt resulting from zero or negative interest rates. Bitcoin has shown us the way to escape from this unhealthy slavery, and to restore our financial immune systems. There are many people who have, and are, creating alternative and additional remedies. Some of these are fraudulent, and some are useless, but several of them have obvious benefits and are here to stay.
In summary, Bitcoin ( and some other cryptos) will not die as long as there are nodes communicating, and people who perceive value in the transactions, and they realise the storage of wealth provided by good coins.
BOOM - end of conversation The OP is comparing a real life working technology and a useable product - something which is a fantasy. BTC has a limited supply -Cancer-pill if/when invented and has eventually a value of close to zero will have unlimited supply From the mister money link: "Well, shit. I’ve been watching this situation for a few years,
and assuming it would just blow over so we wouldn’t have to
talk about it here in this place where we are supposed to be
busy improving our lives."Ah if only http://www.mrmoneymustache.com had seen the potential of BTC and blockchain he might well have improved his life. Looks like he might be bitter because the content of the article is very much in line with the title Why Bitcoin is Stupid |
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I am pretty active on Bitcointalk's Steemit topic ( https://bitcointalk.org/index.php?topic=1466593.0) and I have been a Steemian for around a year now. Ask me anything about it. I will help you. As for the latest updates, there aren't many. Just one that Steem was recently listed on Binance. I'll be waiting for your questions! Founders of new very hype project Fusion was heading company Bitse, that made a business incubator for QTUM project  Proof https://t.me/FUSIONFoundation/66771Bitse was a incubation company for blockchains. Bitse incubated Vechain that Sunny (the COO of Bitse) took over, they also incubated Qtum (Wich Patrick took over), and now the CEO (DJ Qian) is creating Fusion
Thanks for the posts above but I was aware of these points.Ill give this a shot. This is my own analysis and not from the thread.
IOTA is dangerous due to low liquidity and will not break out of the current price slump until volume increases. Why?
Last 24 hour volume is ~$40 million USD worth of IOTA trading. On a market cap of $5.2B the liquidity ratio is only 0.007%. Just like stocks, low volume assets are subject to market manipulation when small volume can be manipulated by large holders by working the Bid Ask spread.
As a comparison, all of the top 20 market cap coins have a larger volume in USD terms (or any currency for that matter). This is a given for the larger coins as the market cap comes with larger volumes although Stellar is similar in ratio. In addition the volume in USD of all of the top 20 coins is larger than IOTA. This includes much smaller by market volume coins like Bitcoin Gold with volume at $4.2 million on market cap half of IOTA. The 20th ranked coin VeCoin has a market cap of $2B with volume over $50 million. Over twice the volume ratio or twice as liquid.
Why is volume important?
Volume allows a coin to move. Less volume means large swings in bid ask move the coins value. In other words large investors can manipulate the price much easier. If bad news were to hit sellers will chew through buy orders and drive the price down. The opposite for good news.
What does low volume indicate?
Large institutional ownership which has a vested interest in not selling. Low interest in trading a coin both for buying and selling. In the case of IOTA we really do not know why the low volume. As recent as December volume crossed $2 billion/24 hours during the run up. Volume can help track or help indicate future direction of crypto coins. Typically volume decreases on dips and increases in run-ups. Use the volume of IOTA pick buys/sells.
To put all this in pespepctive Litecoin typically leads all of the top 10 coins in liquidity usually around ~5% per day trading hands. ATM Litecoin is showing nearly $9B market cap with $488 million trading volume. For the top coins 2% is a healthy number. Look for IOTA to move up only when liquidity crosses the 2% ratio of volume 24 hours/marketcap.
I did not post links but all numbers can be verified on coinmarketcap. I track these numbers daily to spot trends. I am not a fan of IOTA because of the low volume. Too risky for me.
Thanks for the detailed info, plenty of detail and something everyone should
[and probably already do] take into consideration when creating points on
whether or not to invest in a particular token or project.
While the info detailed above is not positive for a potential investor it is
important all the same. 1 merit awarded.Steem
Steem is a cryptocurrency used to power the platform Steemit - an incentivized blockchain social media platform.
Users create and curate content on Steemit just like other social news platforms (e.g. Reddit, Hacker News) and get rewarded in Steem for their work.
Steem, another advanced money made to boost the utilization of Steemit, another examination in web-based social networking, has detonated in the previous couple of days, taking third place after Ethereum, with a present market top of more than $200 million, yet would this be able to really work or is it only a craze?
Source :https://www.weusecoins.com/what-is-steem/
Thanks hashcoinusa for taking the time to post but this is general info
on the workings of steem, something I am aware of. |
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form filled
Username: aoluain
Rank: Sr. Member
Posts: 1159
Eth add: 0x94eb52b30d8e06e4307e3b08837d5a9c81299756
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Brilliant thanks for the info. 1 merit awarded |
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Very interesting, thanks for the links. 'As long as they don’t mislead the public about the nature of their partnership the way they did with Microsoft of course.' 1 merit awarded |
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