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How would a company release a decentralized open crypto? It won't and it can't. Not in the sense that we envisioned Bitcoin.
Also, using it as share as well as currency pegs its value to the real world market value of the company even though they are detached. That is a problem in several ways of course.
You can however use colored coins for example or tokens to represent a share expressed in real world economic value.
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We all hope that it would soon bounce back when hitting the bottom. The problem is that the whole market keeps on expecting and listening more bad news from China so that anytime there is an opportunity to get back it immediately receded and fall again. We all have been victimized by the China Effect...it is doing the massacre right now and if the market would not learn to disconnect itself from China there is a chance that Bitcoin can go back to $10 next week.
Is China a country that Bitcoin can not live without? What potion did the Chinese threw on Bitcoin that is always want to be following all the news in there?
That Sir, would be the potion of having 80% of all trading volume and 60-70% of all Bitcoin holdings. |
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Man this is impossible to answer accurately.
The market is going crazy right now.
We may be able to hold this range until some news comes out, or we may go down way more than anybody expects!!
We have to wait and see.That's all you can do.
If you're in this game for some time, you will have strongs hands if you haven't sold. No reason to sell now.
If you got some fiat and wanna buy, this is the time you may start to layer in.
Why would anyone buy now? China has only STARTED to close small exchanges, they will be shutting down the rest soon. After that they will release official statements some weeks from now, hammering the price down even more. Other countries will follow China's ban, as we're already seeing. If that doesn't cut current price more than in half, you can bet the November hard fork will do it for us. This is no time to buy. Unless you like to lose money. Buy back range is 600-800 USD, if it holds. |
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As China has about 80-85% of daily trading volume and is estimated to hold about 60-70% of all Bitcoin, we can expect prices to fall much much lower.
China has only begun to close exchanges, more will follow and panic and sell-off will increase.
We will likely find some support at the 650-800 USD levels, above that is free fall from now on.
If we reach those levels before November we can even break those support levels with the hard fork destroying what is left of the bitcoin network.
Very dark times ahead, a darkness Bitcoin and crypto in general have not seen since its inception.
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Don't worry, there will be no bounce.
This crash will keep on going on and on.
Don't forget that this was just a small ban, bigger nation wide bans will follow, other countries will follow, the November hard fork will follow.
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This is the end of the big hype/bubble. This nonsense drama will be over soon and the entire marketcap will move to crypto 3.0 coins.
For people delusional that Core coin will just recover as it did in the past, no it will not.
We are in a completely different situation now where we have so many alternatives that are vastly superior in every aspect to Core coin.
People will refuse to (re)invest in Core coin as it will be considered the original but failed project.
The seed which allowed us to develop a proper coin.
It's too bad Core coin is now controlled by the corporate banksters otherwise development could have continued and it could have grown into a huge success.
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Lol these reactions. Bitcoin hasn't fallen much.
Naaah it has only lost twice last years entire marketcap in less than a week.
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Probably because of China possibly banning exchanges soon, and because of the recent Tweet of Charlie Lee (litecoin founder) saying that China finally banned bitcoin; which we all know is untrue and unconfirmed. Though Charlie Lee already deleted the tweet recently probably realizing what he has done.
Also, the "banning" of ICOs recently also did a significant amount of drop in price.
You are right that the banning of ICO's did a significant amount of drop in price and also the possible banning of bitcoin exchanges on China all over the world created this panic and I expect to see FUD lovers like kwukduck showing up posting about bitcoin's doomsday. Either way I see bitcoin going way down more since the dump probably is just getting started. Therefore, I expect to see bitcoin's market being bearish for the rest of this month but I would also like to see the opposite if it were to happen. Yea, remember all that FUD i was warning people about Core coin crashing hard, that was all nonsense. It's not crashing at all! It's still going up up up as you can clearly see on the charts. LOL I'll just eat popcorn now and watch y'all lose money. |
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If the correction is because of central bankers buying lots of bitcoin, then why did the price crash? Wouldn't it rise because bankers bought lots of bitcoin like you said? The price semi-crash/dip is because of China possibly banning exchanges(unconfirmed), since based on coinmarketcap, China has a huge percentage of bitcoin's trading volume (look at screenshot below). Also, don't forget that bitcoin rose in price too high and too fast in the past months. So a correction is really to be expected.  The most effective attack that is ongoing right now by bankers is trying to steal the bitcoin brand by raising the blocksize and putting government agents like Jeff Garzik in control of the protocol by being the main dev. We must defeat segwit2x hardfork, that is the real treat of Bitcoin right now as a store of value. Im not even counting Bitcoin Cash, it's pretty dead now, but next step is defeating segwit2x. Government issued hardforks are the biggest attack vector for Bitcoin, not pump and dumping it, because eventually the volume will be too big for that to matter. Sorry you have it all backwards. Core coin is the bankster controlles coin, not SW2x. The Core coin developers are paid by Blockstream which is owned and controlled by big banks, they are actively stagnating Bitcoin development. The SW2x team is a free team that tries to make Bitcoin work again and scale properly just like Satoshi envisioned. Core team has been infiltrated and compromised for a few years now. Anybody who thinks big banks and government will let a project as big and world changing as Bitcoin develop without their control is nuts. |
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Some of the news is fake, however China IS cracking down on crypto, we just don't know how badly yet.
What is worse is the new attack vulnerability of bitcoin that was exposed today for which there is no fix.
This will likely trigger a serious downward spiral as investors no longer have a guarantee that their coins are safe.
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What Chinese government did just show how weak our crytocurrency system is.
LOL |
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Speculation is essential to bootstrap it into society.
Once the coin gets distributed among more users the effect of speculators becomes less.
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there is no November split, stop spreading FUD. there is talk of a hard fork to increase the block size to 2 MB. it may or may not happen. currently more than 95% of the miners are signalling for SegWit2x or NYA, which means if it happens there may not even be a split! unless these 95% change their mind. Also, do you guys think BTC Cash is a good long term investment? Seeing rises of around 25% in just 2 days, quite impressive.
no it is not a good "long" term investment. but it can have a very good potential IF things get out of hand before this upcoming S2X drama. they can potentially take advantage and pump BCH, which means a good profit in a short time and then followed by dump. Are you kidding me? You either don't understand the implications here or are just spreading BS to keep the price this high. If 90% of the miners stop mining Bitcoin and start mining Bitcoin2x, the Bitcoin network effectively comes to a complete halt. The new SW2x blocks mined by these miners will be incompatible with 95% of all clients. Users will be forced to switch to the Bitcoin2x software and chain in order to retain any of the value of their holdings. Congratulations, a hand full of people in a conference room successfully completely hijacked the Bitcoin project and took over total control. Yes, nothing to worry about...  The ignorance on this forum is sometimes mind blowing. |
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There is no evidence that many people are using segwit and it will likely not improve bitcoin's fee problems.
more and more services are enabling segwit. Exchanges like bitstamp, wallets like trezor, ledger and many more. bitcoin fees are rapidly decreasind since segwit activation: https://coinjournal.net/bitcoin-fees-decreasing-segwit/so what are you talking about? Blocks are still full and the backlog is huge! |
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Dear Bitcointalk community, we all love Bitcoin because it has some great features, but what will happen when another cryptocurrency will be used as much as Bitcoin? Mainly because it has all the things Bitcoin offers but better? I wrote an article about this idea on Steemit and I would like to hear the opinion of some Bitcoinveterans. Please tell me what you think and don't hold back your criticism. https://steemit.com/crypto/@lumining/the-next-bitcoinThe steemit article is just promoting DeepOnion as the next Bitcoin, completely glancing over the huge demand for an open ledger and the flaw of dependency on Tor, essentially you can achieve the same by running Bitcoin over Tor. Technically Monero is way way better in every aspect, DeepOnion doesn't even remotely start to compare to Monero when it comes to anonymity or security. I agree that Monero can be a big thing, but i very much doubt it will surpass Bitcoin even though it offers optional transparency when desired by both parties. |
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Gosh all this nonsense about PoW vs PoS.
They only way crypto can really work is by using x-byzantine-fault-tolerance, resolving the problems of both PoW and PoS.
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Hope this will not happen although the situation in the world looks realy bad. And I'm not sure how Bitcoin could help in the case of WWIII because I'm convinced in this case the world will be completely ruined and there will be no electricity, water or Internet so how could one access to Bitcoin. The WWIII would probably mean the end of human race and turn the world back in the stone age.
I'm pretty sure turning back to the 'stone age' requires the human race to still be around... |
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We live in some dangerous times? Where do you get that information? We don't, we basically live in the most peaceful time in human history, the media just enables us to see everything going on (including made up stuff).
The last thing i'm worried about is countries pointing nukes at each other, for exactly that reason. They both know they both lose if a war starts. Although I have some doubt as to whether Trump has the intellect to internalize the consequences of a nuclear war...
If a global nuclear war happens your last concern will be Bitcoin and the only safe place is likely to be underground.
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I don't get it kwuckduck, you have been bearish on bitcoin since about 2010, and segwit is only a new development. Being that Bitcoin Cash is just Bitcoin without segwit (plus a larger blocksize), why are you so bullish about Bitcoin Cash? You were never bullish about Bitcoin when it was essentially the same as Bitcoin Cash.
Of course, anyone who is not a newbie knows the answer to this question, which is, that you are probably the biggest loser in bitcoin history, and through sheer stupidity missed out on being a multi-millionaire. But, seriously though, what are you going to do if Bitcoin Cash destroys Bitcoin and becomes the dominate high value coin? Which shitcoin are you going to shill for then and what bearish arguments do you have planned for Bitcoin Cash?
On another note, since you are such a loser and don't own any Bitcoin or Bitcoin Cash, and will therefore miss out on becoming a multi-millionaire for a second time, I'm honestly worried for you. What are you going to do then? Serious question. I am concerned that you would be even more depressed and unliked than now.
I've been pointing out critical flaws in Core coin for many years. I was a fan of Satoshis vision and of Bitcoins promises. What i'm not a fan of and dispise is the development not addressing these issues for all these years and being taken over by Blockstream which in turn is controlled by big banksters. Satoshis vision was lost with that over the years. Bitcoin Cash is the first revolution we see going back to his vision as most of us planned and wanted from the beginning. |
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