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741  Alternate cryptocurrencies / Altcoin Discussion / Re: IS TRX the King of Entertainment Coins on: October 07, 2019, 02:55:08 PM
Lets admit that TRX is one of the most hated coins. I used to think this doesn't really matter as long as there's progress, but TRX can easily be considered within the top five most hated coins in the market.

What exactly does TRON have planned in the future to have it stand out as a direct competitor to ETH or other similar smart-contract blockchains? high usage or transactions are great, but can be faked. Current staking rewards from certain Super Representatives are great, but never a guaranteed 100% thing, while ETH will eventually implement fixed staking. ETH is popular and generally very well received. Because of this, any progress ETH makes is glorified to the high heavens. TRON on the other hand isn't and many consider as a scam/joke, and although TRON has made a lot of progress in a short span, a lot still think this way. I'm just curious as to what you guys think will actually launch TRON on the pedestal where it wont be widely considered a scam/joke anymore and actually be directly competing against ETH.
742  Alternate cryptocurrencies / Altcoin Discussion / Re: What if Ethereum replaces Bitcoin someday? on: October 07, 2019, 09:26:18 AM
By assuming you meant Ether and not Ethereum we could say. Bitcoin is the first, and as such has first mover advantage over any other Cryptocurrency. It has a limited supply, is decentralised and as such has a deflationary value making it a great store of value alike to tangible assets such as gold. Being deflationary you could however argue Bitcoin isn't a great medium of exchange, as there are no incentives to trade instead of just HODL.

Ether is the gas of the Ethereum network, the biggest decentralised computing network in the world, and as such hold a huge importance, but at the same time it has an unlimited supply, is PoW and has a more centralised supply as it was partly premined and had an ICO. As such Ether isn't build to be a great store of value, but it is build to be an effective gas, issue at the moment is many people use it as a currency and speculate with it, which is increasing the price of gas and making the Ethereum network more inefficient.

I think Bitcoin’s replacement is Bitcoin and nothing can replace it in the end.
743  Bitcoin / Bitcoin Discussion / Re: What are the dangers inside cryptocurrency investing on: October 07, 2019, 09:05:37 AM
You can reduce investment risk and the negative impacts of the investment by focusing on a few things. 1) Research constantly, but if you are the kind of person who gets swayed easily, don't check prices constantly. Have confidence in your approach. There will be bumps in the road. 2) Don't purchase Crypto with money you 'need' in any sense that directly impacts your quality of life. Crypto is highly risky and any money you actually need should be invested in much safer places. 3) Look at the fundamental use-case of the project, and only invest if you have a good reason to. 4) Whatever you do, wait longer than you feel comfortable waiting. Whatever a project is or isn't, it nearly always takes longer to become that thing than we imagine it will. Don't rush into buying unless there's a good reason. 5) Don't be afraid to take profits. profits are always a good reason to sell.
744  Economy / Speculation / Re: Bitcoin price today returned to $ 7,800 on: October 07, 2019, 08:14:33 AM
You only gain or loose money when you sell. you will get people telling you to sell but look at the long game no one seriously expects bitcoin to be less than $50,000 in 5 years and while nothing is guaranteed when you add the reduced supply, a greater infrastructure and demand the chances are its going up. thereby no matter how much you bought its a waiting game, at some point in the future you will feel very smart. It doesn't matter that bitcoin or whatever goes down or up. When nothing fundamental changes you shouldn't sell bitcoin or whatever.
745  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BAT Price Prediction 2019–2020 on: October 07, 2019, 06:18:10 AM
Like any other currency, it rises in value when there are more buyers than sellers, and vice versa. Long term, my understanding is the "buyers" of BAT will be advertisers, and the "sellers" with be publishers, with your usual browsers of the web the middlemen. at the moment the price is probably largely driven by speculation instead, but if BAT became a major force in web advertising, I would say it is almost a given that the price will be many times what it is right now.

Also the price depends on the entire market as a whole unless the useful coins decouple from Btc and Ethereum. If those two go up so will BAT. I think it could jump into the top 15 and possibly reach $0.5. If there are setbacks, and Crypto keeps dropping, then I think BAT could be $0.05.
746  Bitcoin / Bitcoin Discussion / Re: Bitcoin The King Of Crypto on: October 07, 2019, 05:40:33 AM
Bitcoin will ALWAYS be king. The hard question is why would consumers spend their btc when the value fluctuate so much. What's worth $500 last week could be $600 next week. Bitcoin has slowly becoming a vehicle to storage value and speculation than actual currency. After LN, All the businesses that stopped accepting it over the rising fees will jump right back in, and RSK Bitcoin Sidechain could mean the end of other Blockchain smart contracts dominance like Etheruem.
747  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a Form of Anarchy on: October 07, 2019, 05:17:34 AM
Bitcoin is not anarchy in any of description, and It doesn't require you to be an anarchist to use it. It isn't any sort of these philosophy things much in the same way that gold isn't any of these things. Bitcoin came into existence and popularity because of its inherently anti-regulatory nature, this is not relative or subjective to contemporary anarchic proponents. It isn't the old lens that clarifies the financial liberty that bitcoin entails, but rather such liberty is the essence of Cryptocurrency.

Bitcoin was born to take the control of money supply out of the hands of governments, and whether that falls in line with one the steps towards anarchism or not, we should all keep that in mind, and not betray bitcoin's original mission. Somebody can want a strong government and also a permissionless and decentralized currency. It is not a contradiction to desire both.
748  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the future ?? on: October 07, 2019, 04:33:07 AM
If all Cryptocurrency going to die someday, Bitcoin is the last of them. Bitcoin is the only coin will survive. None of altcoins are showing any potential to replace bitcoin. In fact bitcoin is still considered the best use of blockchain, and this opinion comes from some of the top minds of developers in the space.

If there's one thing that is critical to understand, it's that Bitcoin is far more likely to be improved, not replaced. Listen to a few interviews with developers like Jimmy Song for more insight into this. Things like Lightning Network are just the beginning of years if improvements via layers and upgrades coming down the pipe. People who think bitcoin will be replaced are probably reading this in FUD clickbait articles, particularly older articles, as that was a popular FUD angle for a while last year. Anyone still thinking this does not fully grasp the difference between bitcoin and shitcoins. Most of them are ideas, created to generate profits.
749  Economy / Speculation / Re: Bitcoin's future prospects on: October 07, 2019, 04:25:21 AM
I would to having bitcoin as part of my investments, some years are amazing and some are total frustrating, but it's not going away. the reason Bitcoin shot to $20,000 was because of the promoted gossip on the street. Not because it has any real value at all, but because suddenly more people heard rumors and gossip and bought. It didn't matter what they bought, What happens though was that the world heard of this new thing, and wanted some, suddenly there was a demand, and the price went through the roof. because the people suddenly wanted it, that's the actual value. The demand is the value. If suddenly nobody wants bitcoin anymore, then it becomes worthless.

I absolutely love Bitcoin because it's not actually about money or currency at all. It's about technology, that was then altered to make it profitable. It didn't need to be a currency at all. It could just have been a cool technology, but someone specifically made it about money for a reason. All of those things are gone now.
750  Bitcoin / Bitcoin Discussion / Re: Bitcoin is irreversible: strength and weakness on: October 07, 2019, 03:39:16 AM
One of the most important feature of cryptocurrency is its being irreversible.
Actually It isn't, It is just hard to reverse. In a few cases after disasters the bitcoin blockchain has been reversed up to 50 blocks worth of transactions in the early days of bitcoin, and altcoins that use the same technology and code as bitcoin have also had specific transactions reversed by adding special rules to the code to block specific transactions, in cases where a majority of the entire alt was stolen. As well as 51% attacks reversing transactions on smaller coins. Bitcoin is only difficult to reverse, requiring some majority agreement that it should happen, it is not impossible or even difficult at a conceptual level to do so.

But the fact that they are irreversible is a huge part of the value proposition behind bitcoin. If some central entity could reverse, withhold, freeze and otherwise mess with transactions, bitcoin wouldn't really be different from the existing solutions (Paypal, Visa, wire transfers etc). another thing is that bitcoin is probably not very useful to people who don't trust themselves. Bitcoin requires you to educate yourself and take responsibility for your finances but it also empowers you in ways a centralized system never could.
751  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Future of Altcoins ? on: October 06, 2019, 09:17:41 PM
Almost all new altcoins have the same technologies and capabilities as top altcoins, and therefore these new altcoins will not be able to survive, but those new ones that appear with original and popular technologies will be able to survive and after some time will break into the top altcoins. One underrated aspect of big coins is the network effect. The reason why this is such a big deal is that technology can be copied from other cryptocurrencies to make Bitcoin better, but the network can't be copied from Bitcoin. It's good to read this post: https://bitcointalk.org/index.php?topic=5190484.msg52673143#msg52673143The

In the end, it probably depends on how quickly new cryptocurrencies can build their network before Bitcoin can copy their technology. Bitcoin is certainly slow and lumbering nowadays, but I wouldn't put it past the network to move quickly if needed.
752  Alternate cryptocurrencies / Speculation (Altcoins) / Re: what is happening now? on: October 06, 2019, 08:37:58 PM
Reading your posts is like talking to myself in the mirror. Glad I'm not alone at least. I believe the market can always surprise you on how irrational it can be. I used to say BTC couldn't go past $10,000 due to congestion issues in early 2017, yet it did. Honestly, I expect BTC to hit or pass $40,000-$50,000 within the next 24 months, and I don't think the market gives a shit until BTC essentially becomes liquid due to extreme congestion, I don't see it's lack of utility hurting it's price climb this time around. Now with that being said, I do not believe BTC will EVER break $100,000 without first resolving its scaling issues, which is still looking unlikely unfortunately. Hence we carry lot of Altcoins as well. However the market is extremely irrational and who the knows what'll really happen, so we have all bases covered.
753  Bitcoin / Bitcoin Discussion / Re: Bitcoin legal and illegal countries on: October 06, 2019, 06:49:51 PM
If 7 billions say bitcoin is MONEY and fair then 170 governments are not listening to the world. Fortunately, 10 years of existence is exactly why they can’t stop Bitcoin. By the time government started to care, it was already too late. There were many stories in 2017 about banks trying to do problems with it, I even know a few first hand stories about banks refusing to accept withdrawals. The fact that there isn’t an organization behind it and that Satoshi doesn’t exist is what make it hard for them to fight it. To stop bitcoin all governments on earth would have to agree to collaborate, and it never happened in human history.
754  Economy / Trading Discussion / Re: We are finally going to $22k on: October 06, 2019, 01:35:00 PM
I don’t know. Bitcoin has existed for just over ten years that means there's only been two halving events so far. there's not that much data yet and past performance is not being a good model for the future in this case. Most likely we will see a run with Bitcoin, and i also guess that BTC dominance will go up again. So I am still waiting for that. Most of my holding is still in Altcoins, but bad news is Bitfinex has to hand over documents on the 14th of October to the NYAG soon after the tether collapse resulting in the Crypto collapse will begin. bitcoin might be less than $3000, ETH might be less than $70 this time next year. Be ready for that too!
755  Alternate cryptocurrencies / Altcoin Discussion / Re: Paypal to leave Libra on: October 06, 2019, 12:25:06 PM
they leave Libra before Libra was even created
wow such news..
its all a shit show to distract us from the real decentralized projects
Libra is not for the people it'll be made to dump on normal people to buy BTC and other real cryptocurrencies
Agreed. Facebook with a consortium of 28 organizations have decided to become the controller of a Crypto currency, which negates the entire point of it, but one of them is out now. Libra is a deviation from the decentralised cryptos like bitcoin, it's trying to cash in using dirty tactics and deceiving idiots. It’s a solution to a problem that doesn’t exist, and totally misses the point of Cryptocurrency. This news shows Bitcoin is unstoppable, and sooner or later it becomes a price stability coin at market what the Libra wants to offer people. Personally, i really want Libra to fail and even I want to see PayPal fail.
756  Alternate cryptocurrencies / Altcoin Discussion / Re: Libra left alone by a big payment processor on: October 06, 2019, 11:47:49 AM
This is excellent news and sooner than expected. I’m glad to see Libra is getting closer to failure. It shows the strength of decentralization. Bitcoin is unstoppable, it’s impossible to create another Bitcoin and anyone who tries instead of accepting the consensus will fail. Bitcoin is based on being a peer to peer digital payment method that means there's no organization in the middle, Money goes from me to you. There's not a single authority, company, or service that runs and controls Bitcoin. it's permissionless and open. Anyone can join and use the network. No one can block your transaction because they don't like it, and no one can stop you from using the system. It's truly peer to peer digital money. It works and it's beautiful, unlike Libra.
757  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is successful? - this one statement sums it up! on: October 06, 2019, 10:23:36 AM
This is not quite right. Bitcoin is the father of great Blockchain technology and it's replacement is Bitcoin, but Bitcoin has many challenges to overcome, there is so much work to be done, just like on all Altcoins. It has to find a reliable proven scaling technology, which we may already have with Lighting network or Liquid, but we don't know for sure yet. It needs to have much better UX for second layer wallets on all platforms. It needs to gain the long term trust of billions around the world. Ethereum competes on different aspects that bitcoin doesn't compete in. Ethereum is for the whole dapps and ICOs type of stuff. So Ethereum might be used more like a "virtual stock exchange" or smart contracts type of network whereas bitcoin competes on store of value and medium of exchange as lightning network.
758  Economy / Trading Discussion / Re: The price you will buy and sell btc? on: October 06, 2019, 10:03:00 AM
Be the guy that enjoys these lower prices and the drops to come. I don’t have enough BTC to drastically change my life right now, so i see this low price time frame as a huge opportunity and a blessing. The global economy has slowed drastically and leaning towards recessionary territory, sow those seeds now so you can reap the benefits in the future, and stop getting emotional over daily price changes.

I'm ready to buy at anything below $8,000, and under $7,000 I really feel like I won a Lamborghini. when would to sell? above $80,000! I hold that, it is impossible for Bitcoin not to gain value over time by this mechanism as long as it stays secure and a fixed supply asset. Price may go down but like every cycle, a level reaches where accumulation begins again and the trend reverses.
759  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin can't survive alone on: October 06, 2019, 07:08:20 AM
I've heard of lots of alternatives that are trying to compete with bitcoin but the problem I usually see is that bitcoin has the history behind it and the first mover advantage so it is hard for new technology to really compete. Plus you have stuff like lightning network for the medium of exchange aspect of bitcoin. I guess there are weaknesses in the POW algorithm due to miner concentration but I think if that really gets to be a serious enough issue then it might be possible to fork the chain to some sort of different method. That's the beauty of bitcoin, it is democratic and can be modified as needed going forward. The vast majority of the community is focused on maintaining the unique aspects of bitcoin which make it valuable. Bitcoin is the father of great technology and will be forever the main standard in Blockchain and Crypto trading.
760  Bitcoin / Bitcoin Discussion / Re: Beware!! Bitcoin can be the future but a lot of work is to be done on: October 06, 2019, 06:44:51 AM
Personally, I see the future of Cryptocurrency lying in the Central banks’ future decisions on tokenizing fiat currency. If central banks start creating government backed stable coins, then naturally payment processors will adapt to accept digital coins at checkout. From that point, the future of Cryptocurrency lies with digital wallet developers to develop ways to swap Cryptocurrency for these central bank coins at the point of transaction for no cost. So if you hold BTC, Dash, and LTC for example and you want to pay for your coffee with Bitcoin, you would select bitcoin and scan/tap the register to initiate payment, and the merchant would receive their preferred currency of payment without even being aware you paid with Cryptocurrency. Just my opinion, but my point being that there are many ways to improve on the current system that has been developed by banks.
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