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OP, there's no need to formulate a complex theory about it. A simple look at the chart without any indicators will show that Bitcoin is always in a rising trend. We have the growth of the dark markets to thank for this and also the speculators.
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Does Bitcoin really needed to become a regular currency though? Why use it instead of other easier options like cash and credit cards. I honestly would only use Bitcoin if I had no other choice.
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a very pre 2013 article but i think he's right about the nearly pure speculation angle. utility and fundamentals have alot of catching up to do.
He did not take the dark markets into consideration. That is where almost all the commerce using Bitcoin is happening. Maybe he needs to put in more research before making strong statements. The black and gray markets are huge and Bitcoin has only started to scratch the surface. |
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Regulators are looking to have a master key so all transactions are visible to them Even now all transactions are visible on the distributed ledger. Master key. Really? Permissioned blockchains—a digitally distributed ledger where authorized users can record, process and verify transactions—to streamline their own operations and costs. Guess this is where they need the key to access centralized blockchain to grant permission to authorized users only to record, process, and verify transactions. The bank implied bitcoin and its ecosystem would need to submit itself to regulation prior to seeing any future growth. Bitcoin was created solely to get rid of the banking system. And now they expect it to team up with them. Ridiculous. If the banks want to try, test, and implement centralized blockchain technology on their banking operations, it is good for them, but they would not be able to enforce it on bitcoins. They miss the point of having a blockchain. Why don't they use a shared database and run that through regularly using Opentimestamps and then submit the hash as a message in the Bitcoin blockchain? At least with that they would have the best of both worlds. |
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The price of bitcoin isnt that high anyways, long term wise, 2400 USD per coin is going to be a steal to buy. But how do we really know that, and how do we know Bitcoin will survive for 5 more decades or more? While I agree a little with what you are saying, sometimes it is good to think things through. He has some good points in that piece. I think that a lot of people, including me are indeed using bitcoin as a long term storage for my wealth, because fiats are not going to survive and we all know that Really? Do you think governments will be around in the future, issuing their own currencies? |
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“The market has come close (enough?) to reaching its extended (2.618) target for a 3rd of V-waves from the inception low at 3,134,” Sheba Jafari, the company’s chief technician, wrote, according to Tyler Durden, a financial writer noted in ZeroHedge, a financial news website. “It’s on track to forming a bearish key day reversal if today’s close settles below 2,749.” OP, if Goldman Sachs enters the Bitcoin market today then that is bad news for every holder. According to the quote from the article, their chief technician thinks Bitcoin will be forming a "bearish key day reversal if today’s close settles below $2,749". That only means that they might short sell BTC. |
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OP, but some clever traders are taking advantage of this bull market. They keep pumping the price more than usual to create a FOMO mindset in the market. We have seen this happen in the past and it always does not end on a high because it simply cannot be sustained forever.
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Payment received, thanks!
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“Regulators are looking to have a master key so all transactions are visible to them,” A Market Watch article, which quoted Morgan Stanley, further stated the blockchain is a “centralized” ledger that records all transactions and that the investment bank did not specify what regulations would be necessary. Those quotes are from the first paragraph. These people clearly have no idea what they are talking about, and the mere suggestion of "regulating" Bitcoin shows that they have not done their research thoroughly. Maybe they can regulate Bitcoin merchant acceptance to be under the rules of KYC/AML, but to tell a person not to use Bitcoin is unenforceable. |
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Goldman Sachs and the SEC are the same thing. Expect Goldman Sachs to echo the SEC's push for crypto centralization and regulation with generous amounts of political spin applied to convince the public they're safer staying in fiat because bitcoin is a "bubble".  That would be a good time for Bitcoin to show its resiliency. If the SEC and all the bankers dare to try to stop it, we all know they will not be successful. The network was designed to be above any regulations and there is nothing they can do about it. Sorry SEC, but Satoshi - 1, SEC/Banks - 0. Do I think BTC will replace fiat? No. But its existence is still a win. No, man. They don't even try to stop Bitcoin anymore. Because most people, even here on bitcointalk, consider Bitcoin just an asset and not a currency. So banks, SEC, governments, etc. they all have no reason to be afraid... Try telling that to the merchants and the users in the dark markets. That is where all the real activity of Bitcoin is, not here in the forum. And I did not say the SEC should be afraid of Bitcoin, what I said was they could not stop it. |
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Goldman Sachs and the SEC are the same thing. Expect Goldman Sachs to echo the SEC's push for crypto centralization and regulation with generous amounts of political spin applied to convince the public they're safer staying in fiat because bitcoin is a "bubble". That would be a good time for Bitcoin to show its resiliency. If the SEC and all the bankers dare to try to stop it, we all know they will not be successful. The network was designed to be above any regulations and there is nothing they can do about it. Sorry SEC, but Satoshi - 1, SEC/Banks - 0. Do I think BTC will replace fiat? No. But its existence is still a win. |
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OP, be informed that trading is not online poker in regards to giving out information. In trading there are a lot more scammers out there because the unprofitable "experts" are not really profitable traders so they sell their "expertise" to unaware newbies. In online poker I believe the honesty of teaching the secrets of the game became their undoing.
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Hi guys,
Thank you for taking the time to read my question. I was watching a video on Youtube and got a piece of information that I thought was huge and I wanted to research it. The video said the Etherium is not "capped" the way Bitcoin is capped. They could create more shares the way the government can print more dollars. I was wondering how I can check that. How do you know which currencies are capped and which are open?
Thanks,
Shadums
I would just want to indicate that you have the wrong idea. Ethereum cannot "create shares the way the US government can print more fiat". It does not work that way, I might be wrong but Ethereum has a yearly inflation rate of 14% and it could be more than that but not too much. The network cannot create more ETH on a whim which is what you might be thinking. |
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Is it too early to be speculating about the price of Bitcoin in light of what happens in the Summer of 2020?
The eyes of the world will be on Japan when it hosts the 2020 Summer Olympics, not to mention the thousands of international atheletes, fans, spectators and tourists who will converge on the land of the Rising Sun. As we all know, Japan is one of the most bitcoin friendly - if not THE most bitcoin friendly - country on the planet right now with it's acceptance of Bitcoin as a legal currency.
Also, for those not yet aware, the next Bitcoin halvening will occur sometime during the Summer of 2020. You are overestimating the effect of a "regulated Bitcoin" in Japan in my opinion. Regulation alone will not be the primary motivation for people from all over the world to start using Bitcoin for purchases that would be more efficiently done with traditional forms of payment. but there will lso be the inevitable hype surrounding the ?third bitcoin halvening to occur around the same time (albeit price increases have historically occurred weeks to months after the actual halving event date).
Agreed. |
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If Wall Street starts getting their fingers in Bitcoin then expect everything to go crazier than before. Not only that, they have enough cash to bring every top cryptocurrency so high that we have to make up a new phrase to describe it. "Too the moon" will be an understatement.  |
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Rootstock Announces Release of Ginger TestnetRootstock’s smart contract network will feature a two-way cryptographic peg to the main bitcoin blockchain, providing a platform that can scale up to 2.000 tx/second on chain and 20.000 tx/second off chain. The core innovation of the Rootstock technology will be smart contract functionality. RSK Labs is intending on introducing a Turing-complete scripting language which will allow decentralized applications to be programmed on the bitcoin network. Is there really a need for this on Bitcoin right now? What are the current real world uses of smart contracts today? I do not believe there is one. Also 2.000 tx/second on chain and 20.000 tx/second off chain is too low. If someone does find a use case for smart contracts, what is stopping him from using the other platforms that can do more tx/s? |
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What would be the first coins included beyond the demo release? Will Monero be included in that first batch of listed coins or will it be integrated later?
I ask because XMR seems to be the coin that is hard to integrate maybe because of its RingCT feature? I know Jaxx had a hard time integrating it, and dropped it from their road map.
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That might be true. But I do not believe Ethereum will be able to hold their gains for long. Sooner or later the price has to go down simply because that is what markets do.
So always remind yourself not to get lost in the mania and try to stay objective. In a market like this, it is easy to think that the good days will never end.
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Nobody seems to be on board with the NYC agreement so that is out of the picture. If NYC-group hard forks, they claim to have 80%+ of hashrate, but no Core dev is on board with that, and 95% of the network is running Core software, so it would be nonsense if they actually hardfork and ask people to trust some group of non-Core coders paid by Bitmain.
Core stance was they wont propose consensus rule changes, thats why there has to be agreement between Bitcoin companies and individuas for such change, which NYC agreement accomplished. Code is written and reviewed from few Core developers as well, although not by many or the most active ones. The code change is very small, so it is not a big issue, though much more support/review from the most developers could end the Bitcoin scalling problem pretty quickly. The 95% of the network trusts Bitcoin Core's software. The rest of the nodes is an irrelevant amount so nobody cares about those. Calling an agreement "an agreement" while leaving behind the dev team that is responsible for the code that's being run by 95% of the network is laughable. There will be no hardfork for Barrycoin, it's DOA. Barry coin IS the same as corecoin.. they are all the same BS cartel its just a bait and switch to gather more momentum to push through segwit.. the other stuff of promises of 2mb is the same empty promise being mentioned since 2015.. all it is is to have 4 different implementations of segwit to FAKE free choice.. where all the choices still end up being segwit franky1, besides the hate for Segwit as a scaling solution, what else do you hate about it? Do you not agree with the benefits stated in here? https://bitcoincore.org/en/2016/01/26/segwit-benefits/ |
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