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Developers that push and market "blockchain" technology to banks and other financial services, and other sectors are either scamming or are scamming themselves into believing that "blockchain" is the future of everything. On the other side the "buyers" of the technology like banks want to be "in" on the lasted technology in which they thought was so great that they just have to have it. They are joining the bandwagon, nothing more. What they fail to realize is that there is only Bitcoin.
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Yeah, a 95% support rate is way too good to be true, and it is going to fail, almost guaranteed. You have to be considering something more like 75% at best, considering how divided the community is on this already.
Not because of community divided. There were no human beign that 95% people like. There are always groups that like someone/something and dislike it. From my experience if 75% of userbase want something, they are right and it should be introduced for the sake of all users even if they disagree. I trully belive that and thats from my experience personally. So 95% is a joke really... no way almost everyone will agree on something, some people just disagree to cause chaos or for fun or from boredom etc. I totally agree with you 95% is a big ask, some people are just there to disrupt things and hinder progress, for me what is happening in case of SegWit is a power tussle between developers and investors who want to have a cut of the pie. Nope, the tussle is between developers and developers. It has been like this with Core vs Classic and Core vs XT and Core against Alt coins. Everyone wants the power and the brag rights, to be in charge of the development of the most powerful Crypto currency in the world. Just imagine your CV if you can pull that off.  It is ALL about the money and the power now.  It is more than having a good CV. It is also politics. Also imagine if the Bitcoin Unlimited people can pull off a hard fork. That would mean that they have hard forked Bitcoin away from the core developers and are now in control of development to an extent. They gain the moral victory. Roger Ver will finally be the CEO of Bitcoin. |
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I added some btc to Bitfinex but then I heard that it was hacked recently.
Is this exchange still trusted? What are your thoughts?
Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service. somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges. btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange. I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information. So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins? |
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It will slowly slide down over the rest of the weekend. People wait for what will happen on Monday in China - so they don't buy now. Then on Monday it'll drop some more - because the trend will weight down. I don't think it will make a lower low - but it is possible if there are indeed new bad news. Then on Tuesday it'll start bouncing back towards 1000 when people will start buying back. With lots of volatility.
Just a speculation.
What is going to happen in China on monday that will effect the price of bitcoin? And if it is going to drop, can it really bounce back that quick within one day? I do not know what will happen on monday but I do not think the price will drop more. It is quite holding steady at above 800. I think this our support level now. It is morning trading hours in China right now and I believe that they are leading the pack in buying back again. Bitcoin's average price in $ is at around $830 and hopefully you are correct that $800 is the new floor. It will be another psychological set back if it will go down back below $600 again. I know it is an opportunity to buy more but I like to see it more to go up. |
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I think the reason for misconception or abstract understanding of BTC is because of the way our mind understand money, some people can differentiate the difference between money and currency. Most people thought money is the same with currency which is not.
People doesn't get bitcoin by these reasons like they are not getting used to it and they only knew one type of currency which is we are mainly using, a fiat currency money. There is no proper information feed to them and some believed that we are only talking a myth here, and they don't vision out bitcoin can turn to reality in their lives and can be profitable extra income for them. Lot of cases here are goes boom because their wallet are getting hacked. If bitcoin have a better security like paypal I think lot of people will use bitcoin. The only people uses bitcoin are the earners and the investors but using bitcoin as a bank is not advisable. I think blockchain and other wallets need to add more security features. For bitcoin became more useful to people here in our country and other countries too.There are a couple of misinformed sentences in your post. What country are you from? The "security of Bitcoin you are referring to is the security of Bitcoin services not Bitcoin itself. There is a difference so please make that clear in your future posts. Do you really believe that if the security of Bitcoin services have become hack proof, there will be widespread use of Bitcoin in your country? Really? What will they use it for and how will it help expand the Bitcoin economy? |
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I am going to make a country specific Cryptocurruncy Pump Group,Can I use bitsane for this?What would be the advantage of using Bitsane than any other exchange for this purpose?
Will it be allowed in the first place?What about some concessions in transaction fee for such a group?
If you are looking for some advantage upon using bitsane then I would say that it is more convenient other than the currencies that you are using. As far as I know if you are going to create your own Pump groups, exchange sites really don't care with it. What matters most is that they are giving the best customer experience to its users.Part of that is to provide good volume for the users of an exchange. I believe most exchanges get market makers and arbitragers to use their site. The more volume they put in the more profit they can make. But Bitsane must make it their first priority to market the site well to get more people to register and use the exchange. This will give incentive to the market makers and arbitragers and in exchange the volume will attract more users. |
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It is because they are not open minded in this opportunity, if that applies to their mind it will never be understandable ever to get what bitcoin is really all about. which means they are totally blinded on the unique system it has.
Oh like you really "get it". Who are you, or we for that matter to say that "they" do not really get it? Be honest, you are here only to hold Bitcoin because you think you can sell it for more fiat. Is that how you "get it"? If you really got it you would be here for the science not the profit. So please enough talking like that and get off your high horse. |
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Bitcoins protocol fundamentals are still broken. Bitcoin does not scale, offers no privacy and no fungibility.
The community largely still only cares about making profit in fiat, not about establishing and evolving a revolutionary alternative monetary system.
No, you must be wrong. The recent introduction of segwit must be a good witness for that. In a consensus environment it takes time to activate, yet improvements are happening for a revolution of how we are going to exchange. In short term we can expect bitcoin prices to sustain at current price levels around $850 to gain more power to leap toward $1000 price levels. SegWit increases efficiency maybe 2 or 3 times, which just pushes the problem forward and is no solution. It also does nothing to make Bitcoin truly fungible or add privacy in any other way. Has fungibility really been an issue so far? I believe some people are overusing it to cause a certain amount of fear in the community. Nothing big has really happened as far as fungibility is concerned. We have seen Bitcoins come and go from the dark markets without any effect when to arrives to the people who use it for legitimate purposes. |
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thanks for the suggestions.
in which exchanges do you guys trade if not for bitfinex? bitstamp? btc-e?
so better way is to trade then transfer that amount quickly to a personal wallet instead?
You know it is funny that the exchange that is perceived to be the most likely to run away with your money turned out to the most honest one so far. That exchange is BTCe. The owners/operators are anonymous, they are Russian according to most of the people around the forum and I do not think they have been hacked ever. If they were please post the link to the news. |
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How many Philippinos are there in this forum? I have already seen several who declared that they are from the Philippines. I believe the majority in this forum are now coming from outside the US.
For OP, question, maybe he should also try to give localbitcoins.com a look. It is not close to sending Bitcoins thru SMS but he maybe does not want to deal with the exchanges or he cannot send funds to them. Most require a wire transfer or an ewallet. Something the unbanked has no access to.
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The same comment as neochiny. Do not trust them and do not ever store your Bitcoins in that exchange. Or in any exchange for that matter. Sooner or later some of them will get hacked or worse, might run away with your Bitcoins. That is common knowledge among Bitcoiners. Anyone who rebuts that statement is either a shill or a person who is lying.
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We're finally back in the high 700s after a bounce to 833$ (Bitstamp).
So what's next?
So far i think we'll have a short congestion phase before a new explosion of volatility.
Likely a move down with a possible target in the 680 - 690$ range, within 2-3 days.
Imho.
I have the same opinion as you. We will see the price try to go up but we will likely see Bitcoin back to the lower 700s and higher 600's. I do not think it will happen within 2 or 3 days however. Maybe within 2 to 3 weeks. That is because some people react late and tend to hope that the price will go up again. |
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No one can really say if it is a good time now or not. Bitcoin's price is unpredictable, the price it have right now might be the lowest we will see this 2017 but it might also be one of the high prices that we have seen in 2017 that will be another target price again for the future holders that will buy bitcoin. Just buy now if you want too but if you don't want then don't buy now.
The price has been unpredictable since the very beginning. But I have to agree that right now the market doesn't show any signs of going into a certain direction. If you buy right now, then it has to be for the mid/long term in the way that you end up selling at a minimum of $1000 per coin. If you look to make a short term investment, then it's a pure gamble. People should know and understand what risk they expose themselves to. Lots of blood on Bitcoin Street right now, if it can help you make a decision.
Smart people buy when the streets are filled with blood, while noobs buy when the price is peaking out. I have been wondering if that would ever change, but no, these people keep making the same mistakes. But then again, smart traders need to have people buying up their expensive coins. Otherwise the market would be boring. Yes, says the Rothschilds or whoever it was. They can afford to do that because they have unlimited capital, they know everything what is going on behind the scenes, and he said that because it was probably himself who caused the blood to spill on the streets. Do not openly believe what a rich man tells us, the poor men. They reason they became rich to that level was because they were ruthless. |
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for how i see it the reason is because they don't want to buy a thing that look like assets/stock or something, people prefer to earn it with their time
they don't ant to risktheir investment on soemthign they don't trust, if bitcoin was acquired with a regular job salary, it would be adopted much quickly
Bingo. You hit the nail on the head. There are posters in this thread that criticize some Bitcoiners for not spending their coins and only holding them with the hope to sell at a higher price. Who is not doing this? Every Bitcoiner is holding because they used their savings to acquire them. They treat more like a commodity instead of a currency. The people who use it like a currency are the people in the dark markets because they need to. |
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I think Friedrich Nietzsche said it best — 'And those who were seen dancing were thought to be insane by those who could not hear the
music.'
We are dancing on the music of a ground breaking technology, also called : The Internet of Money and the rest of the Fiat slaves are not
hearing the music. Can we blame them for not dancing?
We should make them hear the music, and the only way to do this, will be to increase the volume. The volume on the exchanges and the
volume of merchants and the volume of Bitcoin ATM's and the volume of information on public social media.
-= Increase the volume, so that we can all dance together =-
It is the same reason why most of the people who have heard of Bitcoin during 2009 - 2010 did not "dance to the music". I have heard a lot of stories from people who have discovered Bitcoin during that time but they did not do anything. They finally heard the music on 2013 when Bitcoin's value was not a joke anymore. You may have been easily one of those people. |
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If Bitcoin reaches $10,000 one day, then it's always the time to buy.
Oh sure like it was really that simple. Can you imagine how hard it would be for the newbies to buy at $1000 and see their "investment" go down in value? It will affect their lives. Imagine the husband who decided to invest their savings and all their earnings in Bitcoin and made a terrible mistake of buying at the high. What would the wife say? You are a legendary in this forum please act responsible and do not give bad investment advice. For OP's question it would be good to wait a little more because this might not be the end of the fall. |
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Buy all the coins, ALL OF THEM.
This is the resistance line.. HODL IT and profit from it.
Are you desperate for the price to hold? I am sorry but the price will go lower than $780 - $800. You should not give bad advice here in the forum because there are a lot of newbies here who might listen to you. There is an expression among traders. It says "Avoid catching a falling knife". Everyone should adhere to it to steer clear from losing any money. |
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In a new article by Lifehacks.org , Bitcoins has been mentioned as #1 in the top 8 tech trends for 2017. Cryptocurrency and Blockchain technology continue to be a growing trend, steadily gaining popularity and usage worldwide. Like any currency, you need a place to store it – and where do you store your coins? Well, usually in your bank or wallet, and that’s just the case with the Bitcoin. Details : http://www.lifehack.org/521749/top-8-tech-trends-for-2017A vague write up on Bitcoin. We already know that the cat is out of the bag years ago. The author of the article is just saying something generic maybe because he is being paid to do so. Not necessarily because he actually thinks so. Who is the author of the article again? Is he a Bitcoin expert or an economist? Please put in quotes the part of your post where you copy and pasted from the article. Do not trick your campaign manager. |
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We need more publicity for this Bitcoin then only bitcoin users will increase, and our governments will accept Bitcoin as a legal currency. In my country out of 100, i think less than 5 people don't know what bitcoin is. And we will not get any news regarding this bitcoin in tv channels and newspapers. So how people will get to know about Bitcoin.
You are probably either one of the most stupid person here or you just do not care to research and find out what Bitcoin is all about and what it is capable of. You do not want Bitcoin to become regulated or become a legal currency. All you want is to hold and for Bitcoin to increase so that you can be rich. |
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They are all clearly manipulated and fake. That is one of the reasons why the PBOC has decided to step in and check what is going on behind the Chinese exchanges. Soon they might intervene and make strict regulations making it harder for ordinary people to own Bitcoins. I believe what will happen is they will require exchanges not to accept people who are below a certain salary range. They will allow only rich people to buy and sell Bitcoin because it is very risky.
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