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The problem about Ethereum is that scaling it is really difficult.
Not sure if these problems will be solved, the only thing I'm sure of is that if it fails, it would be 10x worse than the Bitconnect fiasco.
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Now I see. Thanks for clarifying @jossiel
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Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.
Not with that kind of mindset. Most of these projects are very centralized, many of them have a laughable distribution model, so it makes no sense to think they will be the next Bitcoin. However, if you find something innovative, that is not trying to repeat what Bitcoin already does, you might be very successful in your investment. |
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It would be terrible for the economy in general, since every single business in the world is based on a cash system. However, for Bitcoin it could be benefitial, since these business would see it as one of the last options.
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If the post for which the merit was attributed is deleted, would the OP lose merit points?
That would give some power to moderators to prevent that kind of thing.
No, I do not think so. There is no option to reverse the merits once given. They could also set the trade via PM, which makes things more difficult for the moderators. |
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Some people think it won't crash, other has been saying "tomorrow" for the past years.
But looking at the gains the last few months its hard to see this continuing for years to come. Can there be a long (3-6 months) bear market now to correct or is crypto too hot and will increase crazy up til implosion?
I'm thinking maybe 6-12 months of crypto craze left. Then crash (90% of coins loose 90% of value) and a few years of bear market before successful crypto projects starts making money. Pretty much .com again.
What do you think?
There is no such thing as "going up forever". People will take their profit in the way up, and even if they wished to keep pumping it, there is not an unlimited supply of fiat in the planet for them to keep buying it. |
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You miss the key points of Bitcoin. Well, it's never too late to learn: - Censorship Resistant Transactions;
- Permissionless Value Transfer;
- Borderless Value Transfer.
Very concise. That's exactly what Bitcoin is supposed to do, and so far it has fulfilled its functions very well. Unfortunately, only 5% of newbies get it, and the percentage of those who grasp the implications of it is even smaller. |
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A few altcoins managed to outperform Bitcoin in terms of profit this year, but if you average the performance of the vast majority of altcoins, the increase in the market cap is not higher than the increase that Bitcoin had, so Bitcoin is not only better for its safety, but also for its potential for profit.
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If it brings so many benefits, why doesn't core come with a proposal to implement GPU mining in Bitcoin? Does it say something about the potential and future of Bitcoin Gold?
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The fact that it is decentralized is something we all know, but it's still one of the most impressive things. It's the first of its kind, and by having it distributed you eliminate points of failure.
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Can smb tell me, will GBYTE be alive? And when, if it will..  It looks like dead.. It's one of the few projects with a working product and active development. So it's alive. But don't expect something great before they release those coins... |
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I think it's real, and I think this is going to make things difficult in some places in the world. But I'm not expecting apocalyptic scenarios.
The human being already has technologies capable of allowing him to adapt to this, and maybe reverse the worst scenarios.
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So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
If you are not in a hurry, and are willing to hold until the end of next year, I think buying Bitcoin at around 4100-4200 is a bargain. Expecting 20k is too much, IMO, but 8k is quite possible. |
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There are some really good projects out there, like Monero and Byteball.
But the true is the vast majority of the cryptocurrencies are coins that were created because some folks realized that it was a great way to make more bitcoins.
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In your dreams... In the first days Bitcoin was worthless. Also, several factors make it impossible for Bitcoin to go back to those values, one of them is that there is a high cost to produce a single Bitcoin.
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Then nobody would say that they have Bitcoin, and people would use it anyway. That's the strength of a decentralized system.
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I do not think so, bitcoin users will divert to a better altcoin. we all know that many of the weaknesses of bitcoin are found after 9 years, other issues such as segwit are also things that make users confused.
You don't make any sense. If Bitcoin is here for 9 years, and weaknesses have been found, this makes it one of the strongest systems, since it has not only been tested over time but has received several improvements. Also, segwit makes it better. But if you're confused with it you're not forced to use it. |
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90 percent of them are designed to make the devs as much money with as little development as possible.
Just my honest opinion.
It's more than ninety percent. Some experts would say 99%. Ask yourself, how many of these projects have delivered a working product, with at least 1 million users? |
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Not saying that will happen in the next 5 years, maybe not even in the next 10 years. But you guys have to remember that there are more millionaries in the world than the number of Bitcoins that will ever exist, so one million dollars per Bitcoin is quite possible.
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