It could be assuming Bitcoin will live forever.
I have a hypothetical situation for you. What if Bitfinex came out to be like MtGox or Cryptsy with the owner running away with all their customer's Bitcoins, would the price crash take it to $500?
i don't know why you are super insistent on bitfinex being gox these days, i think your last 200 or so comments were about Bitfinex and them turning into Gox! maybe you want a dip to buy back? Maybe I want be super safe and we should be careful because many Bitcoiners said MtGox was super solvent before the Goxxing. I do not wish for the price to crash but I have to admit a dip would be a welcome opportunity to buy more. in any case worse case scenario is that SEC will reject ETF once again, price tanks like before. then right as it is finding new floor (possible around $1200) bitfinex becomes insolvent and stops working, nobody has any money or coin there anymore since they all cashed out but the news starts hitting the market hard and price tanks again possible to $1000. then as a final blow BU starts FUDing again and price tanks again like before this time down to $920 and momentarily testing the $8xx waters. with this 3 major FUD coming after each other in a very hypothetical and impossible worse case scenario would be $890.  and as i said before in answer to you and you forgot i repeat once again that MtGox had >75% of market volume and bitfinex has 9% in normal circumstances.That is good to know. I would like to point out my post for fyookball was hypothetical and only to pick his brain. |
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It could be assuming Bitcoin will live forever.
I have a hypothetical situation for you. What if Bitfinex came out to be like MtGox or Cryptsy with the owner running away with all their customer's Bitcoins, would the price crash take it to $500?
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Are the members of this campaign free to leave to join another one and then join this one back again?
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they cannot be trusted to become the new core developers not because of their motives but because they do not have enough skill.
a few things to clarify 1. no dev team should have control.. its far better to have 20 brands of implementations from different teams. and they all are using consensus to stay on the same network. rather than thinking there needs to be a team "trusted to become the new core devs" 2. even core devs should not be trusted. devs come and go, they age, get bored, get bought, they retire or move onto different projects.. devs are temporary. for reasons 1 and 2 no teams should have their asses kissed and held up as kings. EG real world many people trust and adore apple and scream to the world that apple are the only phone for them and start insulting anyone else that wants a samsung/nokia/htc/ etc. my view is lets any manufactur make a phone and all work on the same 4g network and all work together to find a consensus of what standards a 5g network should be. but many say "no let apple be the ones that choose 5g standards" Maybe control is the wrong word to use it when we talk about the developers. But in the history of Bitcoin there has always been one team that is being followed by the majority. |
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Here are my assumptions about the Ethereum (ETH) blockchain, compared to Bitcoin’s:
-sniped-
very good answer. @European Central Bank it won't have any significant effect on bitcoin. because as I said bitcoin's market "share" is more real than others and as long as things that are creating the demand for bitcoin stay around, there will always be the same realistic market "share" that is also growing irregardless of what other coins are doing. With the slow development of Bitcoin is solving the scaling debate the merchants and businesses that deal in Bitcoin could start accepting altcoins like Litecoin and Ethereum. Do not forget that Bitcoin's advantage is because it was first. Others are now catching up. but when other coins go up like this, obviously they attract a lot of attention from everyone who wants profit! so they go there and either succeed in trading and come out with more profit or fail and lose money. again no effect on bitcoin.
Any kind of attention is good enough. |
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Read the whitepaper. See if there is anything unique about the coin. If there is something unique is it something that will interest the masses? That's what I'm looking for.
The white paper these days have also become a marketing tool to trick the more stupid investors who do not understand what they are reading. If you read a white paper with many pictures and are very flashy, buyer beware, the developers are trying to trick you. A good white paper is like the one Satoshi wrote. Very simple and very straightforward. |
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I think it will be $2000 in 6 months or less..
$2000 in 6 months? We might experience another dump before we could experience another pump going $2000 especially now with Bitfinex's unresolved problems with their bank. This remains to be seen. Bitfinex issue is still unresolved. Let's say we enjoy the price pump or bubble as we are currently seeing. Let's hope the price touches $2000 before the bubble burst. Then will see another pump that will put the price to even new levels like $2500 or more. You can hope Bitcoin touches $2000 but you know it cannot happen. Not now with the threat of Bitfinex closing down and doing a Gox. But look at it as an opportunity to accumulate more coins. Well, with the positive news about Bitcoin being acknowledged as currency, and new updates and upgrades on bitcoin usage and application, there is no doubt that the possibility of Bitcoin to reach 2k USD is clear. Good news and upgrades alone do not move the price of Bitcoin. Pumping and price manipulation in the history of Bitcoin have shown that it can move the price more. The same is true if it is going the opposite direction. Remember 6 months is a long time and within that time, there are lots of things that may probably happen to Bitcoin. If ever all things are positive, 2k USD Bitcoin a piece is achievable for sure.
It could reach it. But I would be more confident if the problems at Bitfinex were resolved. |
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yes everyone has a power to become professional someday, we will improved ourselves when we already know what we are going to do. he is beginner therefore he has the right to ask question to us, its not a big problem at all. it is a blessing to help other to improved thereselves too. let us him , give him advice, on what he has needed to know.
No. Everyone cannot become a professional trader at any day. He educational background needed alone is lacking from most of the people in this forum. They do not have the math skills and they lack the IQ. You can already tell from the way they post that they are not that smart. Lets give them the benefit of doubt,even a skilled stock trader could find crypto trading confusing as there are many coins floating around and many exchanges without any regulation and from different parts of the world and so these things could confuse any beginner,The site i am using to look at various coins is coinmarketcap in it you could find everything you are looking for,from different exchanges to the coins in existence. Give them the benefit of the doubt? I will if they show that they are exceptionally smarter than the rest of the members of this forum. Tell me who in this thread you think is exceptionally smart that would be a good candidate to become an excellent trader. |
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yes everyone has a power to become professional someday, we will improved ourselves when we already know what we are going to do. he is beginner therefore he has the right to ask question to us, its not a big problem at all. it is a blessing to help other to improved thereselves too. let us him , give him advice, on what he has needed to know.
No. Everyone cannot become a professional trader at any day. He educational background needed alone is lacking from most of the people in this forum. They do not have the math skills and they lack the IQ. You can already tell from the way they post that they are not that smart. |
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I think it will be $2000 in 6 months or less..
Resistance are highly active right now and the $1400 value is very crucial the price value right now is $1342.95 I have never see it move by then, but bitcoin needs to be movable or fluctuating every time right but right now it just stay put in that value, and we should watch for A bounce off this near-term support could lead to another test of resistance or even a break higher for a steeper climb. That depends on what exchange you are using as basis for Bitcoin's value. The price is at $1400 and above in Bitfinex. Many traders use the price at that exchange as their base. |
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..snip.. What do you mean? That all that is going on with Bitfinex is completely like what went on with MtGox? I believe not yet. There was a massive buying that catapulted the price of Bitcoin from a few hundred to over $1000. I hope we see it happen again.  if you are talking about the 2013 gox price then it was "catapulted" from less than $200 to above $1100 in nearly 2 months. and no one likes that to happen again unless you are a fiat fan and want to take your fiat out of bitcoin and give up on bitcoin. Do not be a plaster saint. We all know that the fiat value of Bitcoin still and will always matter to you, to me and everyone else. Why do you think many people in Bitcoin love to speculate on the price? If you have found a new way to measure Bitcoin's value do not hesitate to tell us. i don't know what "plaster saint means"  and i am not talking about "the price" i am talking about "how the price get there". nobody wasnts a fast price rise leading to a bubble and then bubble bursting and price coming down. we all want bitcoin price to rise up, obviously. but most of all we want it to stay there. that is why we prefer a more stable and slow rise. someone who wants more fiat and doesn't care about bitcoin price wants the opposite. they want the price to rise up fast so they can cash out and then after the dump buy back in and cash out again with more fiat. Plaster saint means hypocrite. You make it appear in your first reply to me that only fiat fans want the price of Bitcoin to go up. Are you not a fiat fan? Of course you are, we all are! There are a few people on the forum that hate fiat. They live in a fantasy land where Bitcoin is the world currency and there is no government, big banks or taxes because Bitcoin washed it all away. Government is a tiny little thing who's only real job is annual mosquito control at lakes and ponds. Everyone is free to rape, pillage, do drugs, shoot machine guns in their back yard and generally do anything they want to do. When I was young we called these type of people lunatics. Today they're called libertarians. LOL The minute these libertarians get their Bitcoins stolen or if an exchange fails, where would they run most likely? Yes the government that they hate so much. Oh yeah, they've proven that multiple times with pirate, BFL, MtGox, FeedZBirds, SatoshiDice IPO, Bitscalper, etc. In fact, running to mommy government is so annoying for the SEC that they made their own bitcoin scammer website. LOL https://investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-alert-bitcoin-other-virtual-currency#.U2uV1PldV1Y The libertarians should start trying to look out for themselves and the whole Bitcoin community without the need for the government to intervene. But what can they do? They will always need the government they despise. |
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Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.
Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable. Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times. But it is not to encourage then either. There are a lot of Bitcoins scam investments and scamcoins out there. This market is also not regulated by the SEC which makes investing in cryptocurrencies more risky than stocks or forex. You mean to say to stay away from crypto currency trading ? Will You leave bitcoin ecosystem as it is not recognised by any government and it is not regulated ? No but it will not be bad to be extra careful. Many frustrated "investors" have lost all their money in cryptocurrencies because the think they can be the next Warren Buffet. Entire bitcoin system is a free market and you never would expect regulations on this. It is individual's responsibility to take care of their actions and this is how bitcoin itself working. Beginners must work on learning on how to make profits and how to prevent losses. That will make them as a professional traders over time.
Bitcoin scam investments and scamcoins are out of subject or part of the system like losses also part of trading career need to experience to learn some knowledge for future use.
Talk, talk, talk. We have heard the same people say the same. But when they lost their money they are now singing a different tune. It is better for them to shut up. |
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I would rather see the volume and development of the coin through their social media or website ico, for example if in social media they post something interesting like cooperate with whatever it's worth reckoning or you can see their ico thread in bitcointalk altcoin Announcements (Altcoins).
Are you try to say that we should trust what the founders and the developers of the project behind the ICO fully, and taking no regard if they are scamming or not? Good luck with that. You are surely going to lose all your money. |
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OP if you think that would really happen then you should start observing Litecoin's price movements. There might come a time that Bitcoin's fall could be directy proportional to Litecoin's rise.
BS. So many LTC fans here. Guys just think abou a normall market. A company with a 50% market dominance is still huge. Goodluck traading your BTC for altcoins, I will gladly buy them from you. ICO's are just pushing Ethereum and otherwise. BTC is just getting a new role to play. Not a monopoly anymore, but its a store of value for all the crypto's. Ethereum will be the platform for almost all the crypto's LTC will be a test dummy for BTC ETC will be an alternative for ETH when things go wrong XRP is the bankster coin DASH, monero and ZCASH ar for anonymous transactions. Its quite simple and clear to me. BTC is still the best choice guys, calm down I am not a fan of Litecoin first of all, and second I was stating to observe Litecoin because OP said he believes Bitcoin's market share will fall to 50% and below. If that would really happen what altcoin do you think will be the most to benefit? |
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I think it will be $2000 in 6 months or less..
$2000 in 6 months? We might experience another dump before we could experience another pump going $2000 especially now with Bitfinex's unresolved problems with their bank. This remains to be seen. Bitfinex issue is still unresolved. Let's say we enjoy the price pump or bubble as we are currently seeing. Let's hope the price touches $2000 before the bubble burst. Then will see another pump that will put the price to even new levels like $2500 or more. You can hope Bitcoin touches $2000 but you know it cannot happen. Not now with the threat of Bitfinex closing down and doing a Gox. But look at it as an opportunity to accumulate more coins. |
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Then why not follow that model? What are the advantages and disadvantages of an algorithm and demand based block size solution like that of Monero in your opinion? I recently created a poll thread asking who should decide the maximum blocksize: miners, developers, or a code-based algo. The latter won by a large margin. There have been solid proposals ("flexcap") put forward. I support this idea. Good to know you are not 100% behind the incompetent developers of Bitcoin Unlimited. You yourself should know by now that they cannot be trusted to become the new core developers not because of their motives but because they do not have enough skill. |
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..snip.. What do you mean? That all that is going on with Bitfinex is completely like what went on with MtGox? I believe not yet. There was a massive buying that catapulted the price of Bitcoin from a few hundred to over $1000. I hope we see it happen again. if you are talking about the 2013 gox price then it was "catapulted" from less than $200 to above $1100 in nearly 2 months. and no one likes that to happen again unless you are a fiat fan and want to take your fiat out of bitcoin and give up on bitcoin. Do not be a plaster saint. We all know that the fiat value of Bitcoin still and will always matter to you, to me and everyone else. Why do you think many people in Bitcoin love to speculate on the price? If you have found a new way to measure Bitcoin's value do not hesitate to tell us. i don't know what "plaster saint means" and i am not talking about "the price" i am talking about "how the price get there". nobody wasnts a fast price rise leading to a bubble and then bubble bursting and price coming down. we all want bitcoin price to rise up, obviously. but most of all we want it to stay there. that is why we prefer a more stable and slow rise. someone who wants more fiat and doesn't care about bitcoin price wants the opposite. they want the price to rise up fast so they can cash out and then after the dump buy back in and cash out again with more fiat. Plaster saint means hypocrite. You make it appear in your first reply to me that only fiat fans want the price of Bitcoin to go up. Are you not a fiat fan? Of course you are, we all are! There are a few people on the forum that hate fiat. They live in a fantasy land where Bitcoin is the world currency and there is no government, big banks or taxes because Bitcoin washed it all away. Government is a tiny little thing who's only real job is annual mosquito control at lakes and ponds. Everyone is free to rape, pillage, do drugs, shoot machine guns in their back yard and generally do anything they want to do. When I was young we called these type of people lunatics. Today they're called libertarians. LOL The minute these libertarians get their Bitcoins stolen or if an exchange fails, where would they run most likely? Yes the government that they hate so much. |
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Trading is not just easy as you think. Its hard to predict in trading, so your money that you invest in trading is risky. So you need to be careful in buying a currency when you start trading. Before to start trading you need to watch and analyse or put a question in mind how it works to be success. You should also do research before buying and there are many buying signals for you.
Please do not discourage new comers. Unlike any other field trading has some possibilities to get profits if we are ready to show our efforts and dedications. Still I am not saying trading is a safe heaven to make profits. It requires hard work and knowledge. All the requirements of trading are easily achievable. Practicing for free of cost is possible in trading too similar to gambling. But, we need to remember our experience so that we can make use of our knowledge at right times. But it is not to encourage then either. There are a lot of Bitcoins scam investments and scamcoins out there. This market is also not regulated by the SEC which makes investing in cryptocurrencies more risky than stocks or forex. |
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Hello,
Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.
What is your best strategy to see if the coin will be profitable or not?
I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?
I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?
thanks
The firth thing you should check are the developers themselves. If they have a history of scamming and fraud then they should be avoided. A good example of this is QTUM. The founder had a past history of scamming and it is known that their "successful" ICO was done because they themselves bought up their own tokens. The next phase is to dump them on us. |
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OP if you think that would really happen then you should start observing Litecoin's price movements. There might come a time that Bitcoin's fall could be directy proportional to Litecoin's rise.
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