you haven't seen the real bitcoin price rise yet. this is nothing compared to what will come in the future, this is mostly because of the "news about Japan" and the fact that they have finally legalized bitcoin as a legal payment method. That is merely speculation on your part because we may not see "the real Bitcoin price rise" or this is already the real price rise. just wait until a couple of these "bitcoin is accepted here" signs go up in Japan by the merchants (and remember that Japan has 24 million tourists each year and is ranked 4th among countries like that). that is when the real adoption starts kicking in and the price goes to the real moon. I disagree. The growth of Bitcoin will coincide with the growth of the dark markets where Bitcoin its use case makes the most sense. |
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I cannot wait for OP's next post and comment. Anybody who is thinking of shorting in this bull market is crazy gambling. They are clearly trying to time the market. That is something no one can do perfectly. By the time the market becomes bearish they have lost a lot and their gains will be smaller than if they waited patiently.
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Arbitrage is not practical anymore unless you have a lot of Bitcoins deposited in many exchanges. If you really want to
do arbitrage as a strategy it would be better to have a partner from the other exchange and you split the profit.
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What does everyone think of Barry Silbert's proposal of Segwit with a 2mb blocksize? Would that be a start for the big blockers to start listening and start cooperating?
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The alts don't seem to be crashing anytime soon. Look at their valuations - they just keep rising.
Bitcoin dominance has crashed below 50% and it looks like it will stay there for some time.
That is true. What we must find out is how long these valuations and high market capitalizations on altcoins can be maintained. This is a bubble and a time will come that everything must contract. People will lose Bitcoin value by trading altcoins. That always happens after a bull market. I always think this is the manipulation of the market and I am quite sure that such actions can be regarded as fraud in the crypto currency market. Because you will agree that in themselves the prices for altcoin or Bitcoin can not jump so much. If that is what you think then the regulators should arrest all the billionaires who are involved in trading the stock markets and forex markets around the world. No market is free of fraud and manipulation. |
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You think it is the real deal now because the price will not stop climbing. But the moment it start crashing and everyone starts losing money everything will complain the forum and say it is not the "real deal" anymore. It is funny how we all change our minds when we start losing money.
but if it crashes back to $1100 tonight i wonder how many people will be in the red overall. probably not all that many. there will be a fresh wave of bagholders at some point but they're not here yet. One way to estimate if there are many bagholders if Bitcoin crashes back to $1100 is to find out how much volume there was at the higher prices. Always remember that there is a buyer for every seller. If there was a lot of activity at the break of $2000 and then we fall to $1000 tomorrow, then there are a lot of new bagholders. |
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I agree it's getting quite ridiculous. Sent $10 worth of BTC to a friend to teach him crypto and I ended getting sticked $2.34ish in fees.
Stop sending small transaction on the blockchain if it is not that important. We should start to use Bitcoin more efficiently and stop taking the blockchain for granted. If you really need to send $10 to a friend use fiat or paypal. Or do what Roger Ver did, start using an altcoin. Your comment is straight up retarded bud, I can send someone $100000 and it could very easily cost 1% of the fee a person sending $10 might face depending on how many inputs it receives. This forum is getting really old with people like you tossing out dumbass suggestions for others when you don't even know how BTC even works. Ok then what do you suggest? We have no choice but to adjust to what is going on in the network. Why would I keep sending $10 transactions on the blockchain when it would be easier and faster to send them to a friend through cash or paypal account to account transfer? If it is not worth using the blockchain then do not use it. You keep referring to amounts of money but you aren't understanding that the amount of money sent is irrelevant. It doesn't matter if you send 100000 BTC or 0.00000001 BTC, the only thing that matters is the size of the transaction itself. Not sure what else I can say to help you understand that the amount of money or BTC being sent doesn't matter one single bit, nada.. nothing.. zilch. Reducing transaction size is one way to solve this dilemma, increasing block size is another, decreasing block times is yet another, stop using BTC all together is another possibility, etc etc. There are many solutions to fix this problem, the issue is nobody can agree on anything I am aware. But what I am saying is to be efficient in our usage of Bitcoin. The 24 hour wait for a $10 transcation worth of Bitcoins,because "you want to send it to a friend", is now pointless. Give him cash. The ineffiency for a small amount sent is not worth it anymore. |
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this may be a start though! i wouldn't get my hopes up but i do believe that after what Japanese did and accepted bitcoin as a legal way of payment many countries have become softer towards bitcoin and a couple of them even are considering doing the same. so it wouldn't be such a strange thing if US finally did that someday too.
Call me skeptical but as a rule of thumb it should be safer not to attach your real identity to your Bitcoins or your Bitcoin wallet. It goes against the anonymous or pseudonymous nature of the cryptocurrency. All the beauty and brilliance of the design is gone the moment you surrender your real identity just because the US government requires you to do so. i agree but at the same time i don't get "why". because we are already using banks and our identity is attached with each money transaction that we make and this has been the way for years. now bitcoin is also money, so even if our identity is attached to one of our many bitcoin addresses linked to a small portion of our bitcoin holding, separate from the main stash i don't see any problem with that.You do not really get it, do you? The United States government could find some things in the blockchain that could put you in a terrorist watchlist. What if the Bitcoins you hold are a few transactions connected to a wallet that is active in the dark market or a wallet that bought weapons. Not only is this bad for you but also because of public perception on the US government's actions, it could also hurt Bitcoin's fungibility. |
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OP, that is very easy to say but maybe very hard to implement in practice. You will start a war with the miners that could end up very badly on the chain with the upgraded POW algorithm. The miners have reached a level where it has money and power as shown in the scaling debate. You do not want to mess with them. A compromise to the compromise would be a better proposal.
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The alts don't seem to be crashing anytime soon. Look at their valuations - they just keep rising.
Bitcoin dominance has crashed below 50% and it looks like it will stay there for some time.
That is true. What we must find out is how long these valuations and high market capitalizations on altcoins can be maintained. This is a bubble and a time will come that everything must contract. People will lose Bitcoin value by trading altcoins. That always happens after a bull market. |
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This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?
Simple. Bitcoin is the real deal. The more time goes by the more people realize it. You think it is the real deal now because the price will not stop climbing. But the moment it starts crashing and everyone starts losing money, everyone will complain in the forum and say it is not the "real deal" anymore. It is funny how we all change our minds when we start losing money. |
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I agree it's getting quite ridiculous. Sent $10 worth of BTC to a friend to teach him crypto and I ended getting sticked $2.34ish in fees.
Stop sending small transaction on the blockchain if it is not that important. We should start to use Bitcoin more efficiently and stop taking the blockchain for granted. If you really need to send $10 to a friend use fiat or paypal. Or do what Roger Ver did, start using an altcoin. Your comment is straight up retarded bud, I can send someone $100000 and it could very easily cost 1% of the fee a person sending $10 might face depending on how many inputs it receives. This forum is getting really old with people like you tossing out dumbass suggestions for others when you don't even know how BTC even works. Ok then what do you suggest? We have no choice but to adjust to what is going on in the network. Why would I keep sending $10 transactions on the blockchain when it would be easier and faster to send them to a friend through cash or paypal account to account transfer? If it is not worth using the blockchain then do not use it. |
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What is the worst case scenario if the government of the United States connects your Bitcoins from a money launderer or a dark market user? Will they then now order you to surrender all your other Bitcoin wallets until the matter is resolved?
What other bitcoin wallets? I dont have any other wallets! Im not sure what you are talking about mr. govt investigator. ha ha Really? Ok we will have to hold you in a cell and find them before we can let you go. We will be using only a block explorer so it might take at least 5 years before we are sure that we know everything about your Bitcoin activities. It would be faster if you tell us now. |
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After they had their successful pump in a few altcoins one by one their time of dumping is coming and going and idiots will once again buy them in hopes of getting rich.
Now it is Bytecoin turn, go and buy as much as you want and let them dump billions on some poor bastard just like all the ponzi schemes, scammers found a new way which is what we are witnessing in past 2 month in crypto.
Even I was able to mine Bytecoin on a crappy laptop, now imagine some body with 50 GPU-CPU in a basement was able to mine God knows how many.
People wont even look at altcoins infrastructure they just deposit BTC on an exchange and start buying knowing they are participating in a ponzi or just don't know what that is and will enter regardless.
I'm waiting for Bitcoin to crash back to sub 1k but facts are undeniable, more miners are joining the race and I'm speculating another surprise as a price increase who knows maybe to $2400?
If you asked me 3 - 6 months ago I would say $2400 per Bitcoin would be impossible. I am a person who is stubborn and who is hard to convince. I want to see it happen with my two own eyes and now I think it is happening. Sometimes I wish I blindly bought more instead of waiting for corrections. |
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This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?
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All of them are really good and it matters on your preference on what platforms would you like to trade since i think that selection is similar to each others but the thing who is different is the real time movements on each trades. But for me i would love to go to crypto tradings since that is my first area where i learn and earn more moneys from my risky trades and yet continously earning by researching the marketcap and threads outhere.
Cryptocurrency trading has a lower obstacle for access. It is very easy to enter. You can start by buying Bitcoin from localbitcoins.com and send your coins to an exchange and start trading. In trading stocks there are lots of requirements that you need to do and to pass with the broker before you can open an account to a broker. Yes, that is true. There is a lot of hassle in trading stocks because you need to submit a lot of things like some documents for verification and also you need a good capital to start earning good amounts of money in stocks but in cryptocurrency trading you just need at least 0.01 and you can start trading and if you are a good trader then you can grow it up to 1 bitcoin.I do not know about that but good on you if you have done it. Most cryptocurrency "traders" are mostly gamblers who do not know what they are doing or they are still learning the skill of trading. That means there is a lot of free money to go around in the market. Then maybe it is easier to make .01 into 1 Bitcoin. If you have done it can you post your trades? |
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I agree it's getting quite ridiculous. Sent $10 worth of BTC to a friend to teach him crypto and I ended getting sticked $2.34ish in fees.
Stop sending small transaction on the blockchain if it is not that important. We should start to use Bitcoin more efficiently and stop taking the blockchain for granted. If you really need to send $10 to a friend use fiat or paypal. Or do what Roger Ver did, start using an altcoin. |
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What is the worst case scenario if the government of the United States connects your Bitcoins from a money launderer or a dark market user? Will they then now order you to surrender all your other Bitcoin wallets until the matter is resolved?
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My internet is slow today and I have double posted in one thread and quickly deleted it. If it still counts as one post kindly disregard the payment for that.
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Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.
Where is it all coming from?
What will the volume be like in 6 months?
It come form japan in my opinion, japan has always been interest in the technology but after Mt Gox they seem to lost enthusiasm, but it seems they are ready to be back in the game and with the Japanese government recognizing bitcoin then the chances this is true growth is very big. But what if I say that I do not believe you and that your opinion does not matter? Can you provide all the data and the numbers to prove that you are right? If you say yes then it would be good to provide them. A lot of people here say Japan is having a big impact. Show us the data. |
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