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When we think and talk about where Bitcoin will be in the next 2 or 3 years I would think that it will be big and the price will explode. In short, all positive thoughts. But when asked where it will be in 20 years my thoughts are negative mostly. My first concern is the mining. Would it be possible for the miners to keep increasing the wasting of energy for as long as 20 years?
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Well it looks like media trying to paint bitcoin now as a good investment option specially for those who are willing to take the risk. And this kind of articles are good for the bitcoin community because it exposed it for those investors who don't have an idea what bitcoin is. For me, negative or positive press is still press so thanks to the author  Also, its one way that it will be mass adopted sooner than we know. If you are a greedy bastard who does not care as long as the price of Bitcoin is going up then yes. Who cares what they write about Bitcoin. When I first discovered Bitcoin I used to think that it was a very good investment and I recommend people around me to also invest because it will change the world of finance forever. Now that I am learning more and more each day, if someone asks me if they should invest in Bitcoin, I always say be careful because they are putting their money in the hands of the miners, the developers and people who want to fork it away like the big blockers. |
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Some investor from Wall Street may have paid someone to write that article. Maybe he wants the price to move up again so he can sell at +$1000. If you have not noticed that it has always happened in the past you have not been paying close attention.
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Is it time for you to add new coins to Bitsane now?
A number of new exchange sites have begun to list coins that have an impact on the market.
Even those that have not even entered the market. In this way, the site is showing a high volume of ads.
I don't see the necessary to Bitsane add new coins. The site works with the most popular and that's enough. Yes. Absolutely, There is no meaning in adding new coins and manage them without even having a guess about their future. Bitsane already has the important ones and it will be best to be in them. Bitsane can add if the coin is really worth for exchange. I think for a New exchange like Bitsane, adding New coins can be helpful as it bring new investors associated with the new coin. This will really help the new coin owners too and exchange itself. They can start the voting system to list new coins and also make a rule that if there is not a set minimum trade for a coin, that coin will be delisted. This will keep the exchange clean with useful coins only. Depends on what coin. I like Bitsane how it is right now. Only the good coins are listed even if they are still lacking a couple more. In my opinion they should have trading with 0% fees. Many active day traders are looking for it ever since the Chinese exchanges have removed them. Well, the addition of new coins are not made at random. exchanger must also take into account whether the coin, will benefit, or will only lead to trouble. may add new coins would indeed be very helpful, but it should also be taken into account with the good. it might make bitsane become more popular. you can see about volume transaction in liqui liqui always added is good new altcoin, and now liqui is can get trust to ico selling big coin, Time coin for crhonobank added good coin , and good community can incraese member bitsane, and can incraese volume transaction and popularity 1 open accepted new good coin and big community in succes ico 2 open service ico selling 3 open margin trading and lending (feature) i think only wait to can big exchanger If I was open to ICOs, which I am not, I might prefer an ICO that is backed by legit people in the Bitcoin industry. People like Barry Silbert or someone who has been a known Bitcoin investor. If Roger Ver started an ICO I would surely line up to participate to get some coins. The Chronobank project you mentioned is not something I have in mind. It has to be something bigger. |
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I read the article again at Coindesk. The OP has made a mistake. Fiat deposits and withdrawals with the Chinese exchanges are allowed. Cryptocurrency deposits and withdrawals are the transactions disallowed by the exchanges. They became something like a regular stock market. Okcoin and Huobi has released a statement that this will be enforced for a month until they have their AML mechanisms in place. How will the do that with Bitcoin? What stops me from sending them to another wallet owned by a close trusted friend in another country?
If you cannot deposit or withdraw any cryptocurrency in your exchanger then its useless to do some trading on that site. Possibly that occurrence has contributed to the latest decrease on the price of bitcoin. But hope Chinese exchangers can comply to the required AML mechanism standards so they can operate normally and bring back bitcoin more lively again in China. I predict that the outcome will be that the Chinese exchanges will be banned from allowing their users from making cryptocurrency deposits and withdrawals from the exchange. Trading cryptocurrencies in China will be like trading stocks and fiat currencies. The risk of those exchanges to become an instrument for money launderers is very big. this had to happen a long time ago and should happen everywhere in the world. in fact this is the best thing that can happen for cryptocurrencies. many users are staying away because bitcoin and others are not regulated and when this happens a lot of good things can also happen. for example a bigger adoption. and even possibly it many lead to exchanges being unable to run away. I find your comment ignorant and laughable. If you really believe in what you said then you have taken away the freedom and the things we love about Bitcoin. Why would I want to be limited by the exchanges? What use is there for the Bitcoin blockchain them? You might as well trade centralized Bitstamp tokens or something the same. |
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I wonder if someone still should get into trading Bitcoin at this point? There was a time with incredible aggresive swings so that daytrading was interesting, but now the movements appear but much slower. Is it still worth it to trade?
Whatever happen in the flow of market in trading platform, doing trade will always be worth to do it. As long as there is fluctuation happening inside the graph and coins are many swinging or even swinging are getting slow, still there is a heart beating in the trading stage. It shows only that any exchanger's are continue exist because of their active traders. How can you say that it is still worth to do it? Are you a part of the top 10% of the winning altcoin traders? If you can answer yes. Can you prove that you are really a winning trader? I am asking since you said trading is still worth it. An understanding that the market has three types of movement - it is either going up, down or sideways. For each of these movements, a different approach to trading becomes necessary or the trader is better off staying out until, the market reverts to conditions he/she is conversant with. Something I have noticed with some traders here is that, the ones without some background knowledge of how currencies are traded, thinks that trading cryptocurrencies is guess work or no correlation with trading forex, but it is not, strategies have their place just as in forex, that is how buying low and selling high would not end up being an illusion. Can you say for yourself then that Bitcoin and altcoin trading is still worth it for you? Your post gives us the "illusion" that trading is simple for you and that you are good at it. Ok can you then give us proof that you are a winning trader so that we will know for certain that trading is indeed still worth it. Most of the posters in this thread are losers in trading. How can you all belong to the top 10% of winners? It is impossible. Therefore trading is not worth it for the losing 90%. in his last paragraph he clearly states that it is not for those with no background knowledge! and you are right it is not for everyone and most people around here are losing money in trading but that doesn't mean it is hard or the percentage is 90% that is just unreal! if it was that bad, people would have left trading forever. and besides, learning how to trade is not impossible. it just needs some work and putting in some effort to learn it and read a lot and gain some experience. That is what I am saying. Most of the people here who say that trading is worth it are not really trading or they are losers in trading. How then can they say that trading is worth it? Try to research how many winning traders there out there and the answer will be the top 10% are the ones consistently making money. The traders outside of it are only very slight winners, break even traders and the losers. |
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Subscribed. This looks like a fun thread with no pretensions. Good clean fun in monitoring the price of Bitcoin and gold and see what happens. Can anybody post a good site where we can see the long term chart of gold?
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I wonder if someone still should get into trading Bitcoin at this point? There was a time with incredible aggresive swings so that daytrading was interesting, but now the movements appear but much slower. Is it still worth it to trade?
Whatever happen in the flow of market in trading platform, doing trade will always be worth to do it. As long as there is fluctuation happening inside the graph and coins are many swinging or even swinging are getting slow, still there is a heart beating in the trading stage. It shows only that any exchanger's are continue exist because of their active traders. How can you say that it is still worth to do it? Are you a part of the top 10% of the winning altcoin traders? If you can answer yes. Can you prove that you are really a winning trader? I am asking since you said trading is still worth it. An understanding that the market has three types of movement - it is either going up, down or sideways. For each of these movements, a different approach to trading becomes necessary or the trader is better off staying out until, the market reverts to conditions he/she is conversant with. Something I have noticed with some traders here is that, the ones without some background knowledge of how currencies are traded, thinks that trading cryptocurrencies is guess work or no correlation with trading forex, but it is not, strategies have their place just as in forex, that is how buying low and selling high would not end up being an illusion. Can you say for yourself then that Bitcoin and altcoin trading is still worth it for you? Your post gives us the "illusion" that trading is simple for you and that you are good at it. Ok can you then give us proof that you are a winning trader so that we will know for certain that trading is indeed still worth it. Most of the posters in this thread are losers in trading. How can you all belong to the top 10% of winners? It is impossible. Therefore trading is not worth it for the losing 90%. |
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To the OP. Give up. The banks will not disappear. Maybe you have been listening to Antonopulous or however his name is spelled too much. He does not know what he is talking about half of the time when it comes to the future of Bitcoin and finance. Bitcoin and crime was made for each other and both will continue to become big online by supporting one another like a symbiosis.
A "mainstream Bitcoin" is out of the question.
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I would only use Coinbase to initially buy Bitcoins. Then if you want to do trading frequently between fiat and Bitcoin, use an exchange like Poloniex or one of the other good ones by transferring from Coinbase to that exchange. Then if you want to cash out permanently, transfer back to Coinbase.
Do not use Coinbase. The US government wants to get all their customer's information and transaction records. I will not risk using them and have my name recorded in their database. Coinbase has declared that they will fight the case but that will cost them a lot. I believe they will give out all their records sooner or later. |
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I predict that the outcome will be that the Chinese exchanges will be banned from allowing their users from making cryptocurrency deposits and withdrawals from the exchange. Trading cryptocurrencies in China will be like trading stocks and fiat currencies. The risk of those exchanges to become an instrument for money launderers is very big That would basically render these exchanges uselessIf you can't deposit coins, you can't convert them to fiat and withdraw the proceeds. On the other hand, if you can't withdraw coins, you can't convert fiat into them and then withdraw the funds. And what remains? Depositing and withdrawing only fiat, which is already prohibitively expensive to both deposit and withdraw? Essentially, most exchanges work in the opposite direction, i.e. their incoming and outgoing flows mainly consist of cryptocurrencies, not fiat, primarily thanks to no deposit and low withdrawal commissions From the PBOC's point of view that will be the only way to control the Chinese Bitcoin exchanges from being used as money laundering platforms. They are limiting the exchanges to become like a stock market exchange. You use them for trading, make a profit and withdraw in fiat. This makes sense for most of the Bitcoin traders because all they want is to make money in fiat thru trading the movements of Bitcoin and other cryptocurrencies. |
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More economic and financial mumbo jumbo from Yahoo Finance. Try to find out who wrote that article and ask yourself "If the writer is really that good, then why is he not rich right now?"
Those finance writers get paid to make all those articles which you all think comes from the "experts". No, those writers are as the same as us. They have no clue and make things up just to keep you reading on their site.
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It is in our nature to want it all. The Chinese Bitcoin mining industry not only wants control in minting coins and what is included in a block they now are making moves to control development to get what they want. Bigger blocks.
To gain back leverage there must be the ability to do transactions off the chain.
lol wake up. your sleeping. im guessing blockstream tucked you into bed and read you a fairy tale. telling you to count the miner until you fall asleep instead of thinking of the boogey men under your blockstream bed. care to try reading before bed. and not jump into bed with anyone that only wants to grab your wallet. here is some tips for your research 1. if segwit activates. segwit nodes will BAN non segwit pools AUTOMATICALLY. thus causing a soft bilateral split. 2. even if segwit activates. all of them "fixes" wont be used by the malicious users that are causing the issues. malleation, quadratic spam etc will still occur. https://bitcoincore.org/en/2016/10/28/segwit-costs/Miners could simply use software that does not recognise segwit rules (such as earlier versions of Bitcoin Core) to mine blocks on top of a chain that has activated segwit. This would be a hard-fork as far as segwit-aware software is concerned, and those blocks would consequently be ignored by Bitcoin users using segwit-aware validating nodes. If there are sufficiently many users using segwit nodes, such a hard-fork would be no more effective than introducing a new alt coin.
yep segwit nodes will bilateral split the network and prefer to talk to only thier own kind.. (native bitcoincoin nodes and pools are thrown aside) Significant work has gone into ensuring that segwit enabled peers will form a strongly connected subgraph of the Bitcoin P2P network. This includes providing a dedicated service bit for witness enabled nodes and preferentially connecting to such nodes.
3. the transaction boost is not automatic. its dependant on how many use segwit keys. dont expect 100% utility Let us set aside all the technical details and try to analyze the situation. Both sides argue technically with "this or that" and the majority of the people in the community are like me. We have no full idea what they are talking about. But it does not mean we are stupid and do not want to learn. We do. All in all this all goes down to politics and the need for control. Power and influence is the name of the game here. The big blockers are no different from the blockstream boogeymen you keep talking about. |
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I read the article again at Coindesk. The OP has made a mistake. Fiat deposits and withdrawals with the Chinese exchanges are allowed. Cryptocurrency deposits and withdrawals are the transactions disallowed by the exchanges. They became something like a regular stock market. Okcoin and Huobi has released a statement that this will be enforced for a month until they have their AML mechanisms in place. How will the do that with Bitcoin? What stops me from sending them to another wallet owned by a close trusted friend in another country?
If you cannot deposit or withdraw any cryptocurrency in your exchanger then its useless to do some trading on that site. Possibly that occurrence has contributed to the latest decrease on the price of bitcoin. But hope Chinese exchangers can comply to the required AML mechanism standards so they can operate normally and bring back bitcoin more lively again in China. I predict that the outcome will be that the Chinese exchanges will be banned from allowing their users from making cryptocurrency deposits and withdrawals from the exchange. Trading cryptocurrencies in China will be like trading stocks and fiat currencies. The risk of those exchanges to become an instrument for money launderers is very big. |
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Guys hello, quite new here as you can see. Whats the best way to trade fiat for btc and other cryptos? I have been using Coinbase but it takes 3business days and since im from EU Im paying fees to do so. Also Coinbase rates btc higher than it actually is for extra profit.
Any help will be appreciated.
Thanks!
1.STOP using coinbase.If you still have your coins in their wallets,please use either desktop wallets like Electrum or blockchain.info (I don't suggest using online wallets anyway) 2.Use localbitcoins instead.Kraken would do but from my experience using a better p2p oriented exchange is always safe.
3.Localbitcoins do have cash trading option if you wish to.I agree. But OP keep in mind that if you decide to use Localbitcoins you might pay at a higher price because that market is very thin. The question now will depend on how much Bitcoins are you planning to buy? If it will be over $1000 worth then it might be good to use an exchange and wire transfer money there. For small amounts Localbitcoins is good enough. |
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This made me laugh reading it. Current market speculation
Needham and Company published a report early this year estimating that an ETF approval was likely below 25%. However, at the time of writing, the newly released BitMex EFT prediction market is expecting a 33% chance. We've seen speculative bitcoin pricing in the range of $1,050-$1,150 and success probabilities of 25% to 33%, figures that are in line with a $500m-$1bn capital injection from ETFs. In such a scenario, we would see bitcoin's market cap swell to $20bn-28bn. I hope and wish Needham and Company really know what they are talking about and getting into. They should visit this forum more and see what is really happening with Bitcoin. We had spammers attacking the network causing more than 50,000 unconfirmed transactions twice this week and more the past few weeks. We have scalability problems and more problems on how to solve it. We have an experimental payment system with Bitcoin but the people outside of it treats it like digital gold. So amusing. Very true. In some ways, the ETF might expose Bitcoin's problems to the mainstream media and cause irreparable harm. I do not think it will cause irreparable harm but Bitcoin ETF investors will be very disappointed. They will have a reality check and find out the flaws in BTC. The motivation behind this is clearly greed. There are still a lot of people from the finance sector that think riding the Bitcoin bandwagon is still profitable. |
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This made me laugh reading it. Current market speculation
Needham and Company published a report early this year estimating that an ETF approval was likely below 25%. However, at the time of writing, the newly released BitMex EFT prediction market is expecting a 33% chance. We've seen speculative bitcoin pricing in the range of $1,050-$1,150 and success probabilities of 25% to 33%, figures that are in line with a $500m-$1bn capital injection from ETFs. In such a scenario, we would see bitcoin's market cap swell to $20bn-28bn. I hope and wish Needham and Company really know what they are talking about and getting into. They should visit this forum more and see what is really happening with Bitcoin. We had spammers attacking the network causing more than 50,000 unconfirmed transactions twice this week and more the past few weeks. We have scalability problems and more problems on how to solve it. We have an experimental payment system with Bitcoin but the people outside of it treats it like digital gold. So amusing. |
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In my experience if you need only a small amount of Bitcoin go to localbitcoins.com. It is easy to use and more convenient because you do not have to deal with the banks except maybe for over the counter deposits and withdrawals of that is what you prefer to pay and get the cash.
Another good easy way to get Bitcoin is find an exchange that allows you to buy BTC with your credit card. Bitstamp is already starting this depending on the country. There might be also other exchanges starting to do this.
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You mean when will they hard fork to Bitcoin Unlimited? I hope never now that I realize how greedy the miners really are. They want everything, the whole piece of the pie. The Chinese Mining Industry already has so much power on the network yet they want more. To have leverage on them, Segwit needs to be implemented and then the Lightning Network created.
please research.I would really love to believe me. I am a voracious reader. The problem is I would not know where to start. Can you give me a link or 2 on where to start, I will do the rest. I want to learn about what you are saying about Blockstream and try to see the situation from the big blocker's point of view. |
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I read the article again at Coindesk. The OP has made a mistake. Fiat deposits and withdrawals with the Chinese exchanges are allowed. Cryptocurrency deposits and withdrawals are the transactions disallowed by the exchanges. They became something like a regular stock market. Okcoin and Huobi has released a statement that this will be enforced for a month until they have their AML mechanisms in place. How will the do that with Bitcoin? What stops me from sending them to another wallet owned by a close trusted friend in another country?
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