Bitcoin is traceable and not completely anonymous but I agree China is opposed to bitcoin because its not under central government control.    I did read a theory that BCH is connected to Chinese government but I do not know thats been proven to be true, many miners are based in China though.
  The big deal with China is they do not allow their people to freely exchange value except via government which involves taxation and possibly forfeiting value if you are not aligned to the politics of that country or region even.   Of course its not democracy and not actually capitalist.  Capitalism is always capital and means of production with the people, even the West fails in this by centralising banking


China doesn't have freely operating banks, they are all drones of the government operations.  The people are constricted by capital controls.   Bitcoin avoids these two things and profits may or may not be taxed, they do not allow free enterprise in this country I think its as simple as that

ML This is written in the language of (Philippines) so sorry we cant help with that.   Start a thread in that local board would be best

cerebro415 spread out the words slightly more, the 2nd post is way better actually.   Press return twice to change subject     I tend to skim almost everything I read online unless I really loved what you wrote earlier, I skip alot sorry

Kate Beckett  I agreed with your premise so I gave merit.   Do spellcheck and revise mistakes in posts or it looks bad and will be read less often or disregarded.   Use google chrome with this forum and it will fast correct spelling.


add a source to your posts when solely quoting others if you can even if its not a live URL, ie. without http
washingtonpost.com/news/monkey-cage/wp/2018/02/26/bitcoin-move-over-theres-a-new-cryptocurrency-in-town-the-petro/?utm_term=.3f94942ff047

Holy moly thats a really negative view you have there.   Bitcoin has been established a fair while now and its done its job every day of operation.   Where exactly do you see the problem with its operation that it deserves such a poor view.   The failure that occurs in price is not part of the protocol itself, this is part of exchange transactions and its mostly down to the people themselves how fast price rises or falls.

The biggest negative for Bitcoin is the transaction fees and speed/ease of use perhaps.   That is being addressed, there was no real deception here.   There have been scam coins at various times so its not impossible but all the faults you list come with people buying and selling anything.    This is not a socialist enterprise thats for sure

Bitguild reminds me of my old Bitcoin mining pool, BTCguild.    The guy who ran that was a really solid guy so I hope you do as well similarly

Not everything is free to exchange on steam.    Doesnt their EULA prevent quite alot of things.

Im very involved in this kind of market economy and Im interested in various solutions.  There is definitely competition out there especially ideas for betting Ive seen lots.


It could be unique, we dont know yet but I tend to agree theres been alot of attempts to achieve something.   There is a natural crossover between computer gamers and a kind of more precise crypto economy.    Interested to hear more anyway

Its not lower risk, I think BCH is like what Bitcoin was a couple years ago.  Ultimately they hit the same problem of a block size that needs to expand to fill the demand for transactions.   Its not that the problem was avoided forever but its at a different point on the timeline to facing any difficulties.    Have the attitude to avoid high fees is admirable also and perhaps that is what has garnered support.   It comes down to efficiency ultimately but still its impressive how many connections have been managed to ensure the blockchain is being used and price support is likely from that usage

Crash and panic is not something you want in a normal market.   Think of a market as a crowd of people talking and perhaps exchanging ideas and prices obviously.       These two elements of extreme price movement and emotion over reason mean these ideas are ignored and little discussion and price discovery takes place.

If nothing else a price that moves too rapidly will not be open fully to the range of buyers and sellers around the globe and as Bitcoin is part of a large market that is always partly sleeping we do need some development time for free exchange and benefit to occur for all.
Orderly market is something you will find the Federal reserve always refers, they dont essentially care about the dollar worth but to lose a market completely even for a day or so is not profitable long term as it disturbs holders and investors who are not trading constantly

The banks would ensure that bitcoin is shut down as a destructive enterprise I think is more likely.   Even now I would advise you not to take leverage when entering bitcoin because the volatility is already very extreme and it would increase the chances that you will sell before is best.      I just say that in reference to the drop out of 2014, 15 going forward.   That was the time to buy but plenty of people sold and never came back which we see was a mistake.   Play for the long term and bankruptcy will take your BTC also btw

Nope the title is untrue almost certainly.    I will bet a bag of beans Bitcoin will reach $20,000 again simply because the US dollar has far greater troubles then bitcoin overall.     I would just compare it to the old Russian Rouble which has an exchange rate of 10,000 to 1 for the new Russian Rouble.      Esentially that country had to default on its obligations as a government because it could no longer service them reasonably or pay the interest and levying enough tax to pay the debt was not feasible either.

This is the situation facing USA and I presume why dollar devalues greatly as every Treasury bond pays out in US dollars.   So they will soft default and repay in dollars of much lower value.

Back to the OP and thread title, this greatly helps the exchange rate to bitcoin.   I'm not saying 20,000 bitcoin will be as great an accomplishment but its quite certain it will occur one day.   The only 1% doubt I have is that the protocol is not continued for long enough parallel to dollars, but I think it will.  [I guess it could be banned by law]

My basic take has us bouncing along a positive trendline.    Above there is a parallel upper band that is not absolute but generally Bitcoin has held this for almost a year now.      Its a fairly decent trend however  shorter term the price is still finding a more stable point and is not yet bullish


https://i.imgur.com/RDUo7te.png

Even the most bearish of Anti Bitcoin commentators dont believe the market price will fall to zero.  The reason being this blockchain does have a utility.  Presumably it could reset difficulty well enough to find a balance and still operate sucessfully at a lower price point.

If that balance is not possible in a price reversal then sure I will agree $0 is possible but normally there will always be a market to exchange value and the point of BTC now is that its well known to a billion or so people.    That kind of brand recognition for any product at all has a worth.

Sometimes a company will fail but the name is so well known, they get bought up just for the brand alone.   Bitcoin will always have quite a strong worth behind it for this and other reasons.   Almost every business commentator will acknowledge this afaik

Its good to have community feedback and part of price discovery is this kind of criticism.   Prices can be set during an ICO but it doesnt mean anything till the market confirms it in active trading.    IT might make alot more sense to wait until its on etherdelta and there is a live price.

Development of the product often follows the ICO funding, its a seedling rather then a fully grown project.  Thats very common, where as a stock IPO would be a fully formed company most often though it can also be a kind of investment fund too.

I think its best to take a step back and see progress vs price after the ICO.    Price doesnt always go up, theres opportunities afterwards and I think also less risk doing so

Userability counts considerably I agree for every cryptocoin because if its ever really going to take off, it has to be wide open to the mainstream who barely have a clue how to operate windows most of the time.    I spoken to many highly qualified professions while working support at various times and its pretty much universal that people require a product to be straightforward in order to really embrace it and use it daily.   

This explains quite large part of on exchange usage where you have people who 'own' coins but never really possess them because they are mobile individuals and/or just dont want the hassle of handling a wallet sync and all the install worries that might go with it.
So you have a half in half out population who arent fully comfortable or commited to staying with that protocol.  It'll never really take off imo without paint by numbers :p

A chart is for identifying a trend and extrapolating a higher probability path, bullish or bearish even is a profitable to know doesnt have to be exact.

Heres a chart from a long term trader who comments on the momentum and likely strength in BTC price



https://www.youtube.com/watch?v=6L5G97rHnvo

Its worth watching the vid for technique

If they bid without any deposit placed its very different activity to a live market.   Its feasible that many people could express an interest as the oil market is very large but really the amount of actual holders to any crypto standard matters far more.   For diversity and stability, depth of market is quite important

That would be harder then reverse engineering the Enigma machine.   Its highly improbable, speak to someone whose taken higher maths and can run through some statistical probabilities but Ive never heard criticism in the way you mention.  For example ETH may convert to POS in 2018, its a good working system.
I cant even (easily) break the password on my rar archive, what the hell password length combo I must have set the dam thing to be this resistant lol    Since the blockchain is actively updated not passive like my old archive, afaik its exponentially harder then that even.
   Generally POS is respected as much as POW, someone was picking apart NEO the other day for being a poorly strung together protocol and stated its really not as good as those two standards.  NEO has a billion dollar market cap, which is scary bad then

I guess this depends on the country, it sounds an unfortunate situation but in my country the taxman can command the army in collection of taxes.  They dont need a search warrant, nothing they just walk in and take everything.   Every other part of the law requires due process but the tax man he serves only the government.   I hope you live in a democratic country so you have some recourse but some of the most harsh laws are in favour of tax because they give government money to run.



I always mention Irwin Schiff because he should never be forgotten.   He died chained to a hospital bed while suffering late term cancer and blindness in one eye.   His crime was to write a book which USA government banned throughout the land.   One of two books to ever be banned from sale in every state of the USA.   The book was about how Federal taxes are illegal, about a century ago USA started income taxes and the Federal reserve.  90% of the dollar value has been lost since then and they are over 20 trillion in debt and its looking worse unfortunately.

These things are relevant to crypto because dollar decline is inverse to BTC and crypto overall.    Forget the tax, I suggest pay it but inflation also is a tax and you cannot avoid this except through alot of effort and perhaps crypto use

I was going post this anyway that I understood anyone could setup bets with HEROcoin.  In the video he says this also so I presume the question about 2018 FIFA world cup could be of influence, presuming PLAY is live.
https://youtu.be/zzCvKdVTMPk?t=315

Also he mentions the minimum 1% rake, would that goto exchange holders or it would rake pay to a wallet holding only maybe.   That reminds me slightly of proof of stake though I dont suppose its related to confirmation or security, POS in that case does not pay onto exchange holdings because they are not held in a hot wallet.

Useful to know, someone bump the thread if they notice any movement.    I do consider that kind of liquidity a temporary phenomena for exchange pricing.   Generally I think it equates to short term dynamic vs long term.


Generally its better to be buying into weakness but dont over balance.   Allow yourself to be able to buy every week because the hard bit is knowing the duration of each move.    If I saw those balances above all moving at once I would expect the price to become too cheap.    It would then spike down and back up again, sharp like shutting off a tap suddenly.   After that the market tries to right itself in one direction but a more progressive way.
They could drip those balances in over 6 months, I really expect that but cant be sure with a liquidator exactly.   I know with Lehman brothers, that company will be 'operating' running down its various assets for decades probably.

Heres the kind of reaction I was looking for however its not closed the bar and nothing is certain :p  



Too much cannot be written about the failure of the dollar, its very understated almost ignored as a possibility which makes it all the worse as unexpected to some.    Diversify

QE is scheduled to wind down but there is no exit plan especially feasible.   Ask the Bank of Japan if you dont believe it because they can never reverse what they have done.   Hence Japan is joining crypto.

How can Bitcoin be stated as the fork when it continued as it did previously.   The majority voted for Bitcoin development to continue along its path hence the general disagreement with any other coin trying to label itself as Bitcoin when it has not passed this majority test.

The modification is Bitcoin cash ?  Its the fork and it carries the minority with it, isnt this correct.   I dont mind the existence of BCH or the attempt to take another direction even, that is the consequence of open source and a free market open to all.     Its not the original Bitcoin though, it should have really taken a new name.    I get the fees argument but obviously that was recognised as a problem by not just the BCH team but also the 'core' Bitcoin devs.

I have a launch Vega 64 unflashed and its Samsung.   I will have to try harder because I dont find I can hash that high, stably at least


Try overcooling the lower hash one to rule out the possibility of an airflow deadspot or similar problem.   Simplest thing to try next, also generally trying the lower hash card by itself in another machine would rule out alot of things and confirm its fully capable normally