Thank you for taken time to write a reply.
Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.
A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.
Ah, those famous Turkish crypto whales... Where are they now? During an economic crisis, the first aim is to save your money and not to get some extra revenue. From this point of view BTC can fall way lower than GBP. It is not a secret that cryptocurrency may easily lose 50% of its price during a small amount of time without any super strong shocks. I can hardly believe that something like that will happen with GBP. It is safer to remain your savings in fiat then buy crypto. Such pattern may only be applied to countries with long hyperinflation. |
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Maybe that happens because blockchain and bitcoin are not exactly the same things? For example some random company can store their data on their own blockchain to become more resilient to hackers. They don't need to issue their own coin and they won't do it because they just need just safe storage. So, in this case, why should it influence Bitcoin price when cryptocurrencies are not involved into those things? What can we do, that will make bitcoin to grow as much as the blockchain has grown over the time?
Cryptocurrencies is just one of many ways to use blockchain. Bitcoin won't grow with the same speed as blockchain adoption grows in the other spheres. |
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Normal thing to be done even you are an early adopter.Converting or selling out your coins with those ranges isnt already bad at all considering
on the price which they have bought in but still they do really regret on such decision but well no one can really predict on what are the things lies ahead
and these kind of missing the train scenarios is common.
Sure. But it means that the current community does not consist of those crypto enthusiasts that bought or mined BTC back in early days. Greed is the thing that created crypto community as we see it today.
Surely! Greed is great for the growth of adoption. But today's crypto community is vulnerable to manipulation and full of contradictions. If we want to change that, we have to find other incentives. Greed did nothing to adoption. People were buying coins just to get their ROI and sell it back to fiat. No one really cared about the way he will pay for his lambo. Greed never helps to adopt money. People are using money not because money will give them a passive income by itself. Greed is neither good nor bad, it's just part of the human race. Greed creates bubbles. There is a lot of positive information noise and people get involved. Then the bubble bursts and it creates a lot of negative noise. Positive or negative promotion is still a promotion. But to move forward, we need new benchmarks. We have to get back to basics. Freedom, independence and equality are what really matter Bitcoin never been resilient to bubbles. And in early days it was even more obvious but no one has been talking about that. It works the same way in every market: with a small market cap and volume every significant move will cause a market crash. And what kind of independence do you want to achieve? Everything will always depend on something in crypto world. |
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What did you guys expect from a hollywood movie?
There must be some action. In case with bitcoin it will be obviously money laundring, drugs, guns, now in US they may add some right-wing activists and call them neo nazis etc. Every single thing that might make an action movie interesting would be harmful for Bitcoin.
Need to see the truth? Go watch some documentaries.
I know that this movie is shit even before I watch it.
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The entire concept of stablecoins seems sucpicious.
Thy would any private investor just store in a bank billions of dollars in order just to back this stablecoin? And users don't even have to use it and may HODL this stablecoin without paying any fees or send transaction outside the issuer service so he won't get any revenue from fees. In this case it will be more reasonable for example to buy some obligations, stocks or use any other traditional and safe way of investment and get some revenue instead of just freezing your money.
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Greed is the thing that created crypto community as we see it today.
Surely! Greed is great for the growth of adoption. But today's crypto community is vulnerable to manipulation and full of contradictions. If we want to change that, we have to find other incentives. Greed did nothing to adoption. People were buying coins just to get their ROI and sell it back to fiat. No one really cared about the way he will pay for his lambo. Greed never helps to adopt money. People are using money not because money will give them a passive income by itself. The funniest thing is that you have made a big post about greed while above 90% of people that use cryptocurrencies for legal purposes started to do it just because there was a good chance to double or triple your investments just by buying some popular shitcoin. Greed is the thing that created crypto community as we see it today.
In fact the community was started by a group of coders who believed in Satoshi's project. The early years of crypto, when there were only BTC and LTC available, were filled with intelligent discussions and dreams of decentralization and freedom. The bubbles brought greedy investors, but most of them got burned and lost money over time. These bubbles did not create the community though, but rather shaped it. Unfortunately now they make about 1% of the total community. By the way, most part of the first adopters sold their coins somewhere at 10-100$ price because even then it was a huge revenue and seemed like no one should expect a further growth. |
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The funniest thing is that you have made a big post about greed while above 90% of people that use cryptocurrencies for legal purposes started to do it just because there was a good chance to double or triple your investments just by buying some popular shitcoin. Greed is the thing that created crypto community as we see it today.
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Crypto have some anonymity features of paper fiat money. People already could buy drugs, guns, pedophile stuff, and many other illegal things. Criminals can still use paper money but it doesn't mean that all users are criminals.
It is only a good argument for politicians that are willing to ban cryptocurrencies and will only work on people, that know nothing about crypto.
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Oh lol, I thought that there is something like an interview with some secret governmental worker that will show us an insight about an upcoming drug-related laws but nope, here we just a "prediction" of one crypto-related project. Did he just throw the dice to make such prediction? Especially within only the next 12 months.
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IMHO Bitcoin will not revolutionize anything but it still may be used for trading and speculations which means that if BTC will be represented on a decent amount of markets and get a good volume then we could still see another good price increase.
Unfortunately BTC price won't grow just because we belive in it.
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Don't be like these guys. Rebirth of Bitcoin is coming like a Phoenix. Just remember my words.
The problem is people aren't willing to hold through all the dips especially new investors. Past charts tell us is all you have to do is hold and it pays off greatly in the end. Bitcoin hitting 20k from current prices is a 5x return on investment which is spectacular compared to normal investments. It is obvious that Bitcoin was way overhyped at the past. Every media talked about it and now many of newbie investors lost much money and got disappointed in cryptocurrencies. Cryptos won't probably get their trust back. So why BTC should grow to 20k again? And don't count on your blind faith that it was like that in the past. |
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Virtual money such as bitcoin is now in widespread use in many countries, but there is a good future for virtual money in the 4.0 era. It is not unbelievable about the power of virtual money, but in the age of 4.0 one needs a basis to make sure that bitcoin exists and grows, or just as a wind passes by and goes into oblivion . Have you ever thought about the basis of need and enough for bitcoin to grow? One thing is certain here that bitcoin wont go into oblivion and it will be there as long as the internet is active, countries around the world are turning to digital currency and the paper currency concept will be gone in the future but that does not mean bitcoin being adopted but government controlled local currency in digital format. People will understand the real implication of the market in the near future and we will see international trades being carried out on a daily basis by major companies. Let me tell you a secret. Bank cards also provide you a chance to make online payments. So what is the difference between fiat paper money and the same fiat but stored on your bank account? There is almost no difference. Government still have the control over those money and in case with our cards big brother is watching every our transaction. So the statement about something new in the future is not that good. |
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Volume is calculated from daily buy and sell trades. Maybe there is just more of day traders that are buying crypto and selling it in some hours after they get a necessary profit? In such case you can take your 100$ and buy BTC and then sell it untill exchange fee won't eat all money. In this case those 100$ will cause thousands of trade volume.
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I guess BTC will remain in Beta forever. Can somebody clarify ? [/quote] It seems like that. Bitcoin changes not that frequently as most of the other cryptocurrencies and any significant change will require an extremely high approval from the community. New bitcoin fork is more likely to appear instead of consensus about BTC changes. |
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Common if Karpeles would be cached on a hacking his own exchange then he has to be the dumbest person in the world.
Such a person would not run one of the first and biggest crypto exchanges in the world in the first place.
Well, people should know that sometimes the first product is at the same time rough simply because its team and the entire community still don't know what dangers they and the entire industry will face. Anyway, how long he should stay in prison? The entire life? Or maybe he should get a death sentance. |
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That was way more overpriced somewhere at the beginning of 2018. Also beside the price there was many issues with shipment when the seller couldn't (or didn't want to) ship ASICS to their customers for many months and gave no response to them. And by the way custommers sometimes payed 2-5$k and got such issue.
Also sometimes Bitmain shipped already used miners that are full of dust inside.
So the company is pretty doubtfull.
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Most people that invested in crypto are getting money. Huge revenue - this is what pushed them to invest in cryptocurrencies. And not any blind faith in decentralized future based on blockchain. Imagine the number of Bitcoin holders if it was not so profitable over 2017. It is also hard to find any practical usage for most of the so-called digital assets purchased by people. So the only reasonable thing that brings crypto to people is money.
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This must be bruted accounts. It supposed to be used as account sharing.
Whey you will add any IP address to favorites or change password then the access to VPN will be immediately restored ty the original owner. Considering that it is free data and you are far not the only one who is using it then you will lose this acc pretty fast (if it works at all).
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Eventually if Bitcoin becomes popular enough we can directly buy a house (in most country) using Bitcoin. Few weeks ago there was a thread or article about people selling their properties for Bitcoin.
It doesn't matter for what currency we can buy a house. The only thing that matter is that someone became wealthier. And this happened not directly due to any "special features" of Bitcoin. The general point of OP sounds like: "Earlier I had no money to buy a house and now I have money. Bitcoin is so cool". And this statement is retarded. I am not surprised that is used mostly by Indians. |
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