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He claims Bitcoin cannot be growing at current rates, I think it is nothing but necessary that Bitcoin keeps growing at current rates, if it's supposed to reach $1 million during the next decade. Exponential growth should put us at 6 figures at the early of the next decade, so we need to keep growing. Don't forget Bitcoin is incredibly tiny if you compare it to the vastness of wealth out there. When you take a step backwards and look at the big picture... why is it not possible that we continue hitting new all time highs every month and how is it not sustainable? as long as there are shakedowns to get rid of weak hands, growth can continue happening, and that is what we've been seeing.
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Hello I am new to crypto currency and would like some advice on coins besides the big three. I was wondering if there were any specific things to look for when deciding on an alt coin. Also i was wondering what exchange is best for these. thanks
If I wanted to speculate with altcoins I guess I would try to catch IOTA's next wave... it's a pretty hyped coin right now. Cardano is also on the rise... but overall it's a very risky game, you need to know when you are buying in the middle of a pump that's about to dump. Research the different projects and consider the potential for it to pump. Ideally you want to wait for the charts to calm a bit and look a bit horizontal then wait for the next wave. An altcoin needs good interesting technology and good marketing. Byteball has interesting technology, but weak marketing, which is why it's stuck way too low on the rankings, compared to the bullshit coins above it. |
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The forks I know so far are: 1) Bitcoin Cash aka BCash (the first fork) 2) Bitcoin Gold (the "GPU" fork) 3) Bitcoin Silver (this is when it starts getting ridiculous) 4) Bitcoin Diamond (rumored to be a scam, caution) 5) Bitcoin God (Chandler's Guo pump and dump) 6) Bitcoin Super (what the hell is this) And the list goes on. Now it looks like Garzik wants to create his own fork too after the failed segwit2x, which is of course very controversial: https://bitcointalk.org/index.php?topic=2580692.newIt never ends. I no longer make the effort to claim these funds, im tired of having to screw around with my cold storage. Maybe someday I will do it, not anytime soon. |
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There are many models being thrown to predict prices. Someone predicted a price of $100,000 for the summer of 2021, in a logarithmic chart which is 3 years old, and accurately predicted the rise to $10,000. At this rate? absolutely possible. We are near $20,000. 2021 is still 3 years ago + the remainders of 2017 which are still not over and could bring us to higher highs... it is absolutely reasonable now that we can hit the $100,000 prediction for August 2021. I would have said "no way" months ago, but I guess I have been proven wrong by Bitcoin's capability of impressive growth once again. Now $100,000 it's just a matter of time.
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Wait when does this market ever have 'certainty'?
I'd say there are degrees of uncertainty. For example, we had the BIP148 debacle back in July. There was a real threat of a chain split on August 1st if a majority of miners didn't start conforming to BIP148 standards, and in July, there was no clear sign of either side giving in. At the height of the uncertainty, BTCUSD hit the $1800s. Shortly after the lows were in, miners started signalling BIP91, which would eventually activate Segwit before BIP148 could cause a chain split. A super majority of miners quickly started running BIP91 and the market overwhelmingly rallied in response. Presumably this was because the uncertainty over the August chain split was alleviated. I definitely prefer to trade technicals, but there are occasionally cases of important fundamental events that can cause (or resolve) market uncertainty. It can have a drastic effect on the market. There are no technical levels of uncertainty (as in, up and coming hardforks that can threaten bitcoin's as a project) so im not worried at all about the current uncertainty, which is just classic "it is a bubble or not?" uncertainty. This has been going on for as soon as we hit $1200 again after the lat MtGox bubble, and look at the price... people that keep wondering if it's a bubble or not instead of buying a position miss the path to the moon, and nobody knows where the top of a bubble is, or if we are even in a bubble yet. |
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Indeed, the media finds out a couple of Bitcoins get used to buy some lame 9mm guns on some darkweb on Tor, and reports it as the end of the world. Meanwhile, they don't report on the never ending amount of fiat going into actual huge terrorist groups, or how US actually created, funded and trained Islamic Terrorism. And also, they don't tell people the good hearted acts made thanks to Bitcoin: https://www.reddit.com/r/Bitcoin/comments/7jj0oa/im_donating_5057_btc_to_charitable_causes/Thats $85+ million that are being donated to good causes, but the media will never report on it, they only report the bad side. |
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It's always the same cycle these type of news:
1) Government bans X related to crypto
2) The market panics and idiots sell
3) Government realizes banning X is actually not good for them since they are missing on big tax cuts
4) Government unbans X, but regulates it accordingly
Also the underlying aspect of Bitcoin that makes governments hold "emergency meetings" is just another sign that it works. No matter what their laws and decisions say, the code will obey above everything else, and blocks will keep getting mined every 10 minutes. Once people realize this is the intrinsic value of Bitcoin and it is a VERY HIGH one therefore current prices are highly undervalued, they will stop falling for the food. On the long term only smart money will be holding Bitcoin and these news will be irrelevant for the price.
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The next question is: How will we react in Dec 18th as CME launches their futures? Im looking forward for a similar outcome.
CME is a much larger player, and from there I do expect it to be much more active than what we have seen happening with CBOE. I honestly am not really impressed with how future trading goes with CBOE, where they seem rather conservative with their approach. I however find it funny that they have halted trading several times already due to Bitcoin's fluctuations, which for us are perfectly normal, but for them are insane. From now it's waiting what these future markets will do with Bitcoin's market in the mid to long term. I just hope that Bitcoin's market will not use these future markets as benchmark rate, because that would definitely be a bummer and even problematic over time. It would be nonsense for the market to follow futures which are based upon nothing but contracts delivered by institutions... the leading price will still be the actualy underlying asset's price. Anyone following futures in their trading of the underlying will get scammed by Wall Street's shenanigans. They will probably attempt a short and try to influence the rest of the market into following it, causing a cascade of panic selling, but if people don't go along with it and hold and buy the dip, their short will get liquidate and it will be something worth watching live as Wall St shorts get defeated. Can't wait for the 18th. |
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After reaching a new all time high of $17,428, the answer to your question is now rather obvious... there was a massive liquidation of shorts followed with an ATH, which has now consolidated as we are holding $17,000+ steady.
The next question is: How will we react in Dec 18th as CME launches their futures? Im looking forward for a similar outcome.
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I've read many of Satoshi's previous posts and writings, it's mind blowing how Satoshi was expecting bitcoin to come this far and he was prepared for it. Even in one of his posts he says he placed 8 decimals for upcoming decades... I've looked but couldn't find any info about what made him choose 21,000,000 as number of supply? Is there any logic/reason behind choosing that number? would love to know!
It seems to be just an arbitrary choice. He could have set any limit. I don't remember it being mentioned by anyone that he posted any reasons for it. It's just what he decided on, for reasons only he knows. Personally I would have like it to be 42M.  Haha yeah, thanks! I guess he just choose it.. I was thinking someone that smart has a reason to choose that number. In one of his posts he was talking about world population and bitcoin supply.. I think he wanted to create scarcity, clearly 21m is not enough for over 6 billion people  Likewise I do not know of any reason, it seems a strange number to choose which makes me think that there must be some reason behind it. Perhaps it's just a lucky number of his or something as simple as that. But you'd think if he was just going to pick a value he'd have gone 10m or 100m or such. There was actually a reason behind it that had to do with how bytes are divided or something like that, or maybe with the gold supply... I remember reading some theory about it, so it was not fully arbitrary, there was some thought put into it. It's similar to the 1MB blocksize, it is what it is, but there is also thought put behind the number. Satoshi didn't simply roll a dice and choose these numbers. |
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Doesn't the HD format in Bitcoin Core's wallet.dat avoid ever showing the seed for security purposes? (therefore you can't also enter any seeds)
What's the difference from the HD wallet to the non wallet? I still have the old wallet which doesn't have "HD" icon enabled...
Other than to not have the 100 keypair limit, does it provide any other advantages? (or disadvantages) compared to the old non HD wallet?
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NEO is Bitshares just renamed, and it was supposed to be "the Chinese Ethereum". Since we've seen China ban ICO's, the price went down, but it has recovered, the problem is, it does not go up against the Bitcoin price that much, so these looking forward to increase their BTC should look elsewhere. Most coins can't keep up with BTC's growth. https://coinmarketcap.com/currencies/neo/The graphs are diverging everywhere. Few currencies actually make your BTC go up if you hold them. |
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If they cut liquidity in X country, then an exchange just needs to move to Y country, and X country no longer gets a cut from the business operating in X country.
Also, governments have been trying to kill Bitcoin since day one by trying to fork it and overtake Bitcoin's #1 spot with the fork (be it XT, Classic, Unlimited, Cash.. you name it).
They have realized that they cannot kill it from the technical aspect, so they will try to be a dominant force in the market. They cannot also simply naked short it to hell, so they will buy it up as much as possible. Get ready for crazy numbers in 2018.
But if that mindset exists why haven't UK banks taken it on? It's one the world's financial centres. There are plenty of other places with little or no regulation where you can bank just fine. You cannot sell lemonade for Bitcoin and maintain a business account in the UK. Governments will be the first ones with interest to move big sums of money in the blockchain... in The City there are the biggest people of high finance, I doubt they are stupid enough to let pass this opportunity. They will attempt to regulate UK exchanges, and they will keep buying BTC over the counter just like rich institutions do, then they will pump it when they are loaded enough. But the interesting trades always happen OTC, forget about exchanges, most of the rich people don't even use them. |
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If they cut liquidity in X country, then an exchange just needs to move to Y country, and X country no longer gets a cut from the business operating in X country.
Also, governments have been trying to kill Bitcoin since day one by trying to fork it and overtake Bitcoin's #1 spot with the fork (be it XT, Classic, Unlimited, Cash.. you name it).
They have realized that they cannot kill it from the technical aspect, so they will try to be a dominant force in the market. They cannot also simply naked short it to hell, so they will buy it up as much as possible. Get ready for crazy numbers in 2018.
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Will the 'big money' of investors be spent 'betting' on Bitcoin prices, and not actually invested in Bitcoin in the future? Could this be the begining of the end for this 'speculative bubble' that we seem to be in at the moment? Maybe we won't see the price of Bitcoin continually rising in 2018 as it did in 2017...?  Not really. Futures must be cash settled, which means all these "too big too fail" corporations betting on it and losing would need to print a lot of extra money. This could lead to wall street destroying itself it they are too stupid about things. I don't see why people are scared about Futures. It's just more FUD. Also there's the issue with forks: https://www.youtube.com/watch?v=o7TtwckPCUITLDR: Futures are actually bullish. They can't short Bitcoin and get away with it with no loses. |
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Hi. Firstly - apologies if this has been asked many times before. I searched but came up empty.
I have some BTC stored locally. I want to cash out a portion by sending to an online exchange. But I don't know what to do regards BCH. Is it safe to send BTC to an online wallet using Bitcoin Core client? If I do this will BCH also be sent to the online wallet, or retained by me, or lost?
Any advice or pointers to article appreceiated.
First of all, what software you using? Im asuming you are using Bitcoin Core or electrum or maybe a Trezor? Anyway, what you need to do is to move your bitcoins into a new, empty wallet. Once you empty your current wallet (BTC balance is 0) you can use this wallet.dat file in Bitcoin ABC if you are using Core, or you can just import your empty private keys on a Bitcoin Cash wallet. Just be sure to know what you are doing and you will be ok. The key is to not having matching addresses with balances on Bitcoin's chain and BCash's chain. |
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The correction seems to be happening earlier than I expected, and it's caught me out. Time to get selling (not Bitcoin though ) so that I can draw my payment out in Bitcoin when the price bottoms. It's just business as usual. 1) Higher highs reached 2) Newbies shaken 3) Smart money accumulates on the dips It's has been happening every day since day one. It became way more evident after the MtGox crash, when we recovered and Bitcoin proved to the world that it could recover from the harshest crashes, putting an end to any hopes that shorts would have into going to 0. After the MtGox recovery, anyone that went through these harsh times, takes further corrections as a joke. |
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i do not know about the reason behind this dump was fud caused by people,
as far as i know right now we're moving very quickly and pushing the price to the top without a proper exlpanation.
which mean right now the whales trying to get their profits after pumping the price and then pushing the price to go down.
also how can you said that ?
you said every dip is goverment stealin our Bitcoin,are you talking about the people who bought back when the price is down was goverment ?
seriously bro you need to take some rest because every comments that you made did not make any sense at all.
i could not find a people that fudding about Bitcoin banned,
plus if you claimed about something at least try to provide the source behind this
There were recent news of Bitcoin trading exchanges being banned in South Korea (so similar to the Chinese Bitcoin exchanges ban, which is what OP was talking about) Here is the link: https://cointelegraph.com/news/south-korea-preparing-full-crypto-exchange-ban-local-pressI guess governments don't learn that all of these ban do is: 1) Create a dip 2) Dip gets bought 3) OTC markets flourish Then again it's probably governments buying these dips mostly anyway. |
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It's possible during the next decade. If you asked me a year ago, I would have said that it would be hard, but it's becoming increasingly easier, as we see, Bitcoin is still so small in the grand scheme of things that it is incredibly easy to move up if wealth starts getting in. Look at the amount of wealth in the world out there outside of Bitcoin and you will realize we are a drop on an ocean of fiat and other assets that honestly are total nonsense compared to what Bitcoin offers to anyone wanting to have a decentralized store of value which at the same time it's and incredibly bullish bet due how small it still is (contrary to what a lot of people that can't see the big picture think). |
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The $3,000-$4,000 low will come in the blink of an eye. But first we retest $10,000 and maybe have a double top.
Yes it wont happen overnight, the $3700 bottom could be months/years if it follows the same pattern as before. I'm kinda sceptical it will as I am just as caught up in the euphoria as the next person. ( despite being all in BCH, I have some Bitcoin ETF exposure in my pension) could just keep going up! See bold - Butthurt OP with no bitcoin’s, trying to influence weak hands & noobs. Nothing to see here. $3700 lol, how can you base any kind of prediction on the Gox debacle which caused that crash. Try harder next time Convert some of that Ver shitcoin into bitcoin. Good catch.. another altcoin bagholder attempting to get in at a cheaper price. Im sorry for your loss OP. We are not going to retest $3500 ever again, there are way too many people waiting to get in at higher prices, we have seen predicted dip prices to never be hit because people always get in before the predicted number is tested (because the market thinks other people will do the same, and this drives resistance points higher than expected). |
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