Nasdaq bubble popped because people were investing a too much too early, they were anticipating future returns but nowadays Nasdaq has surpassed by far the ath when the bubble popped. It took 15 years to get to the same level, not 17. In 17 it has gone up significantly higher.
Drawing a comparison to ask whether you should be willing to wait 17 years (actually 15) or if you should cash out is drawing a bad comparison in my opinion: Nasdaq is not similar to bitcoin, it is more similar to the whole crypto coin market, if you want to establish the comparison.
Many companies formed Nasdaq, some disappeared, and some new ones appeared after. I think something similar may happen with the crypto world, most of alts we see nowadays will disappear and some new ones may appear.
The problem is we don’t know when. Just because that happened with Nasdaq, doesn’t, at all, mean that it is going to happen with the crypto world soon.
Have you seen World’s stock market cap? It looks much more clearly like a bubble than the bitcoin one.
So, it is good to be aware that we can have downtrends in the market and bear market for years, but not based on comparisons like that one.
What a load of bull.... |
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What theory you are telling about NASDAQ crash [/quote] Not a theory. It is called reality. It happened. |
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Bitcoin Ruthenium
Make Bitcoin Ruth Again
DECENTRALIZATION
Bitcoin Ruthenium implements a new PoX algorithm, GigaEquihash, that makes mining possible from any IoT device or older desktop computer. Special computer hardware designed for BTC mining (ASICs) is obsolete for mining BTR, giving ordinary users a chance to mine with their own devices.
FAIR DISTRUBUTION
A hard fork of Bitcoin is the most fair and efficient method of creating and distributing a new digital asset. Coins that are created from a new genesis block always have ownership concentrated among a smaller group of people.
REPLAY PROTECTION
In order to ensure the safety of the Bitcoin ecosystem, Bitcoin Ruthenium has implemented full replay protection, an essential feature that protects users coins from being spent accidentally.
TRANSPARENCY
Bitcoin Ruthenium is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts that stretches across the globe.
Comparison
Supply : 314 Million
PoW algorithm : GigaEquihash
Mining Hardware : Android
Block Interval : 45 Seconds
Block size (actual) : 8M (16-32M)
Difficulty adjustment : Every block
Segwit : Yes
Replay protection : Yes
Unique address format : Yes
Premine: No
Satoshi's vision: Yes
FAQ
What is Bitcoin Ruthenium ?
Bitcoin Ruthenium is a fork of the Bitcoin blockchain that will occur in early December 2017. At the predetermined block height, Bitcoin Ruthenium miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency will be born.
What is the purpose of Bitcoin Ruthenium ?
The purpose of Bitcoin Platinum is to make Bitcoin mining available to everyone with old and/or limited access to high-end computers. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole. By changing Bitcoin’s proof-of-work algorithm from SHA256 to GigaEquihash, all of the specialized SHA256 mining equipment will be obsolete for mining the Bitcoin Ruthenium blockchain. Thus, Bitcoin Ruthenium will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations. A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision.
How can I get Bitcoin Ruthenium ?
The Bitcoin Platinum (BTR) initial coin distribution method is exactly the same as that used by Bitcoin Cash (BCH). All Bitcoin holders who possess BTC private keys in December (block still to be decided) will receive Bitcoin Ruthenium on the rate of 1 BTC = 31 BTR (If you have 10 BTC you will receive 310 BTP). You need to control BTR private keys in order to make Bitcoin Ruthenium transactions.
Exchangers
Wallets
Pools
Media
Website
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actualy i though bitcoin cant just pop like a bubble burst, you know why ? the price droping cant be that quick i mean with all this bitcoin user in the world if the price of bitcoin drop some of them just buy it and the price will raise again,have different story "if" there vulnerable at blockchain tech and make bitcoin less valuable ppl will leave it.
this is my opinion
Once Bitcoin starts to go down, the your strategy of hold and wait will no longer work. Many people who are now invested in Bitcoin are not rich people. When bitcoin is slowly going down then at some point they have to sell in order to pay the rent for their housing, or food or clothing or tuition. That forces some of the small investors to sell, lowering the price more - and on and on it goes. |
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Well, that was 2000, now it's 2017.
Wow. The old "This time it's different" argument. Another one in the list of market warning signs..... |
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It is not going down. It will just correct many times, which is healthy.
You are right it will correct - just as we saw the market correct in year 2000: In the span of just a few months in 2000 the internet bubble burst and 280 companies lost 1.7 trillion USD in value. That is 13 times more than the entire market cap of Bitcoin (!). 13 times all of bitcoin in the world lost for comparison. Almost a third of them lost more than 90% of their valuation. That means Bitcoin can easily go from 7700 USD now to 770 USD very quickly. It is only now in 2017 - 17 years later - that the NASDAQ has regained what was lost in year 2000. |
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Are you sure you are god? The investors in dotcom companies in the late '90 were saying exactly the same thing as you are now. In the span of just a few months in 2000 the internet bubble burst and 280 companies lost 1.7 trillion USD in value. That is 13 times more than the entire market cap of Bitcoin (!). 13 times all of bitcoin in the world lost for comparison. Almost a third of them lost more than 90% of their valuation. That means Bitcoin can easily go from 7700 USD now to 770 USD very quickly. It is only now in 2017 - 17 years later - that the NASDAQ has regained what was lost in year 2000. For all you bitcoin investors - would you be happy with seeing 90% of your value lost now, and then have to wait 17 years just to get back to where you are now? Or is it time to cash in before it is too late? http://money.cnn.com/2000/11/09/technology/overview/ |
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In the span of just a few months in 2000 the internet bubble burst and 280 companies lost 1.7 trillion USD in value. That is 13 times more than the entire market cap of Bitcoin (!). 13 times all of bitcoin in the world lost for comparison. Almost a third of them lost more than 90% of their valuation. That means Bitcoin can easily go from 7700 USD now to 770 USD very quickly. It is only now in 2017 - 17 years later - that the NASDAQ has regained what was lost in year 2000. For all you bitcoin investors - would you be happy with seeing 90% of your value lost now, and then have to wait 17 years just to get back to where you are now? Or is it time to cash in before it is too late? http://money.cnn.com/2000/11/09/technology/overview/ |
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Is Bitcoin going down?
Simple.
Yes.
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But just spending a few minutes on this forum, the following comments from bitcoin buyers show up: - money, car, house,........ anything you want, you can have if you hold Bitcoin long enough. It will help you everything
- you can be rich by the help of bitcoin.
- The advantages of having a bitcoin is that you can do what ever you want.
- the biggest advantage of having bitcoin is you will be rich one day without doing anything
- My current and only advantage of having bitcoin is the following; Easy money.
- holding bitcoins just makes you earn money without having to do anything. That is a great advantage
...and this is is actual the fairly typical users here on the bitcoin forum. It is very VERY clear that a large number of people see this a as get-rich-quick plan and are naive enough to actually believe it. Anyone with half a brain can clearly see that this will come crashing down. |
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No. Wrong. Block chain is the technology. Bitcoin is merely one use of the technology.
what other concrete uses cases are there besides immutable atomic transactions? So you are saying there really is no use for block chain |
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Just use another cryptocurrency
#2 |
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but i think bitcoin cash is a good reply to this problem as it takes fraction of second to confirm the transaction and the fees is also very very low.
bitcoin cash is just as bad - as is any cryptocurrency |
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Bitcoin is very popular becouse of investment tool not currency anymore . Like gold while have not much utility it is much higher in value than silver which is much common used in space.
So people have chosen BTC becouse this is ONLY one coin that have no clear CEO in space.
Wow. So you are advocating for an investment because it has no CEO. Clearly an alternative type of endorsement - and given all the challenges with forks and the civil war raging for the past couple of weeks, how is that working out for 'ya? |
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You are correct that it may be a bubble. You are incorrect in labelling every person who believes in the future of bitcoin as a bad actor.
But I don't label everyone as a bad actor. You are either a bad actor - or you are the one being taken advantage of. Same as at the poker table. If you can't spot the sucker, you are it. |
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Wow how this forum is an unbelievable echo-chamber fueling one big ponzi scheme. Bitcoin as a currency, give me a break. A currency where it takes days to clear payments unless you pay massive fees - fees that are hostage to whatever vagaries the miners have? And if you don't, you are left in limbo where you have no idea whether it takes minutes, hours or days to move your money? A currency which is heavily impacted by "civil wars" with rival crypto currencies? A "currency" even less stable than the former Zimbabwean dollar. Don't get me wrong - the other crypto "currencies" equally well fit the ponzi scheme.
It is abundantly clear from reading in here for quite a while that the vast majority of people speculating in here are simply pinning all their hopes and dreams on the notion that these tulip bulbs - sorry tokens - can only rise in value. Sorry to say, but some people are going to get hurt badly eventually....
You are entitled to your opinion, of course, many people still think the earth is flat beside all the evidence otherwise. You are right when you say that the higher fees are a setback on the bitcoin system, but also because you may need to learn a little more how to use, and other tokens may alleviate this burden on the near future. Just an example if you use coinbase you will pay around $11 to transfer $25 but will pay the $11 if you transfer $100,000 or more. Try this at Western Union. But no the other side you can pay as low as 96s/wt on blockchain.info what would cost around $2 or less, so if you know how to use, yes it´s a painful process, but a $200B growing market is more than a lot of stock exchanges for some countries has. Would you say that when you buy a regular stock or options you´re living on speculation? Cryptocurrencies are not different and just because NASDAQ crashed in 2008 became a fraud, did it? The US economy collapsed because immoral people tricked ordinary citizens to take on loans which they had no hope of ever repaying - but packaging it in a way so people did not understand what was going on. They were simply lured in by the prospect of easy access to money. Same thing repeating now, only with different tools. |
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This not reasoned discourse.
That perfectly sums up the discourse in every single thread on this entire forum |
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There are two ways of explaining it to teenagers and children.
The way that does not work: "Don't do it".
The way that works (but hurts): "Sure, put your savings into Bitcoin", and then when they have lost all their savings after the inevitable crash, they will forever have learned that when get-rich-quick schemes sounds too good to be true, then they indeed are too good to be true. It will be a harsh - but well-remembered - lesson.
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