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Bitcointalk Name: savushkinTA
Rank: Full Member
Current post count: 224
BTC Address: 1M5wY2WHngu1QEhN3pga68qxt8A9WREe83
Wear appropriate signature: YES
Wear avatar: YES
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Maby not but it is us who is laying the groundwork for a possible cryptocurrency future.
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Bubbles are incredibly difficult to pinpoint. Only in hindsight does it become clear.
Look no further than Bitcoin in 2013. Bubbled up to $1200 and popped down to under $200 thanks to Mt Gox. In the rear view mirror it appears obvious. At the time, it wasn't. Lots of the sentiment you hear now is exactly the same as what was being thrown around back then.
I'm not saying we're in bubble territory, but I'm not naive enough to dismiss the idea completely. What happens if China government regulation comes down hard? What if it comes out that Bitfinex is conducting massive fraud? These things could cause this to come tumbling down really quickly.
Being skeptical of current valuation after a 10X run-up in less than a year isn't necessarily a bad thing. Being blindly loyal is.
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What is needed is a redefinition of "money of account" for the digital age.
Coinage Act of 1792:
"the money of account of the United States shall be expressed in dollars or units … of the value [mass or weight] of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure … silver."
BTW, It is not a sub-committee of trade or finance that is needed to look at this, but an amendment to the Constitution.
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There's an nice review of all the top bitcoin exchanges: https://www.bestbitcoinexchange.io/ just use the table to choose which place suits your needs best (beginner-friendly, credit card purchases, USA/EU location, bank transfer, no verification...). Coinbase is n1 for a reason: beginners feel at home, it's got some good extra features as you progress (eg vault storage), and it's possible to branch out and try new projects (eg ethereum). |
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This would be extremely unlikely to happen because there is a limit to how many transactions can happen at the same time. We can increase the limit for the blockchain but there will still be a limit and that limit is unlikely to allow 8 billion people usage. If that happens, transactions will not clear or they may clear but with a very high transaction fee, rendering it useless for most transactions.
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I will argue that the most exciting and relevant project in 2018 will be Ethereum. I predict that this is Ethereum´s year. There are a number of well known milestones upcoming for the protocol itself but I find the milestones in the Ethereum eco-system even more exiting and game changing.
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what an arrogant laughable thought.
crypto will make it to the global audience, in one form or another.
up to 2013~ish, I think we all wanted for that to be Bitcoin. And up until recently, it was rather dark times in the crypto world.
the fact that you think bitcoin cash is about "gains" is very telling.
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Yes! wait, no. Nonono. Unless ... well, maybe. Yep, definitely maybe. At least, I think so. On the other hand, it can't. It won't. Until that day. After that, yes.
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Think of buying a mining rig as buying a business.
Now think of buying coins directly as investing in a business (stock market).
If you have a business it really doesn't matter if your sales fall a little, if you are still generating a profit then you are making money.
If you invest in the stock market and the price of your stocks fall then you have lost money, no if's buts or maybe's.
The only way to make money through investing is if coins go up, if you invest in hardware then you can mine until you feel you have enough profit and then sell the harware. By buying hardware you are not gambling on price volotility of coins, you have invested in a physical ASSET that will retain value no matter what crypto does.
You can certainly grow your investment heavily through direct investment but you can just as easily lose a LOT. Invest 50k into coins, the price drops 10% (which is does a lot!) and you just threw away 5k.
Investing directly gives you no safety net - prices go down and you lose. It works EXACTLY the same as stock market investing, most wealthy investors buy businesses as their main income and have the stock market as a smaller piece of their portfolio (for good reason).
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Btctalk name savushkinTA
Rank full member
Current post count 210
BTC Address 1M5wY2WHngu1QEhN3pga68qxt8A9WREe83
Wear appropriate signature yes
Wear avatar yes
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He says do what you are good at and make money out of it and Warren buffet is good at investing , ignoring such persons advice is definitely over confidence
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Bitcoin’s rise may reflect, for better or worse, a monumental transfer of social trust: away from human institutions backed by government and to systems reliant on well-tested computer code.
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It's not good business by a financial exchange to have people go by just hints or rumors. That just isn't a responsible or professional way for a financial exchange to do business by. It's fine to give hints or rumors, but once it's actually ready, you let people know of the date and time so that people can prepare and so that it doesn't adversely affect the other markets that you already offer.
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Except Samsung are merely fabricating chips for other hardware manufacturers.
We're not going to see Samsung releasing their own miners, and the feeling I get, all these chips are going to private farms.
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Lightning doesn't really solve anything if they don't increase the block size. Sure people can OPEN a channel for dirt cheap and SEND THROUGH THAT CHANNEL almost instantly. But since you have to a onchain transaction to receive those funds to your desired wallet it's just more expensive. Basically with the current mempool in order to actually use your currency you have to pay a the normal miner fee and still have to wait an abusured amount of time.
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How many times did the ship already go down and come back up tho? I thought China ban was rough, but even after that, Chinese citizens are still trading peer to peer saying “fuck you, it’s my money” to the government.
I’m Korean, and tbh all I see from all this FUD and “emergency regulation” BS is just another government and wealthy class watching people freely moving around money and desperately trying to find a way to get their “cut” of the action.
You’d be shocked to know how easy it is for the top elites in Korea (Chaebol) to buy off the government at the drop of the hat and throw around stupid/unethical regulations disguised behind good intentions to strangle everyone else. Just like how things are in the USA.
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