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The real bubble occurred in 2013 when it hit $1200 then shat to $200. I bought a flight on cheapoair the day it hit $1100 to go visit my friend overseas, by the time I landed the bubble was starting to pop. I remember the day clearly.
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saying bitcoin is in a bubble is FUD spread by traditional bankers its like saying the internet or apple was in a bubble when it just started only diffrence is bitcoin is a treat to the global finacial system unlike the internet so you guys must expect a bumpy ride but i bellieve we will see a 100 000$ bitcoin in the future!
The Economist magazine recently published an edition with the article, 'the bubble without any fizz'. The general gist is that 'Low interest rates have made more or less all investments expensive'. Bitcoin could be included in the scope of 'all investments'. If 'everything' is a bubble, then is it sensible to even talk in terms of bubbles? If 'Everything' is a bubble in terms of fiat currency, then perhaps the questions should focus on the currency itself. This is the common denominator that gives 'life' to these bubble characterisations. Our fiat currencies are debased, they are becoming worthless. People are finding safety in houses, art, stocks, land etc. They are becoming stores of value in themselves! Inefficient ones! Many people are waiting for a more efficient store of value. Bitcoin is the best contender right now to serve that purpose. |
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1. Energi Mine
This upcoming ICO is courtesy of a UK-based company called Energi Mine, founded in 2016. That they’ve waited over a year to launch their ICO is encouraging, especially given the complexity and potential of their product. The company employs artificial intelligence and the blockchain to manage the energy usage of large clients, and incentivizes energy conservation through its ETK token.
The global energy market is worth $2 trillion, and capturing a piece of it could be a lucrative opportunity. A decentralized platform for using energy will allow peers to trade energy between themselves, and will reward participants who display energy-efficient behavior.
2. Gladius
A unique offering in the world of blockchain, Gladius aims to help users increase the security and speed of their websites. Participants can “rent” their computers’ spare bandwidth and processing power in exchange for tokens, and then use these tokens to pay for a private, decentralized hosting solution using the network’s collective power. This solution will render DDoS attacks and other threats harmless, and create a fast, safe environment for people to operate online.
Keep an eye out for the public sale, which starts November 1st, 2017. The white paper and team composition are impressive, making this ICO one that the market is likely to jump on.
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I think it's bad for bitcoin..... adds to confusion, adds to the politics (see bitcoin cash). Forks should not be allowed the prefix of bitcoin. They are just alts.
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Don't listen to all this. People touting their wallet services...
All you need is a bip 38 paper/cold wallet with a good passphrase.
Generate one offline with bitcoinpaperwallet (OFFLINE!), and print the wallet.
Save a backup somewhere as well, either a second and third printed wallet or an encrypted backup online somewhere. That's all you need.
Keep control of your coins.
What's the url of the paper wallet site where I generate my wallet? |
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that seems like fake news. A hidden AI system in the web created BTC so humans would give it more computing power lol. There would of been better easier ways for a Super AI system to achieve this.
But there isnt any AI that advanced ATM,
I doubt AI was sufficiently advanced to emulate somebody like Satoshi and his interactions back in 2009-2011. Satoshi in all likelihood was a human or group of humans. Love this creative conspiracy stuff. I can do the same: Are we just cacoons for AI who are guiding us to ultimately create them and make us superfluous? No. I for one welcome our new decentralized overlords. |
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The Rise and Rise of Bitcoin
Premiering at the 2014 Tribeca Film Festival, The Rise and Rise of Bitcoin was the first time bitcoin took center stage on the big screen. It provides a glimpse into the lives of several early adopters and their devotion to this new form of money. The film is a fantastic beginner-friendly primer that includes an easily digestible explanation of bitcoin. Focusing mainly on the positives, you’ll discover its potential to empower the unbanked and as a tool for financial independence.
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One can use the USD as savings and investment vehicle by buying US treasury bonds. Isnt that what most of the global savings glut does? Other currencies are either not safe or their associated government bonds have zero or negative yield.
When we get bitcoin bonds with someone (who?) paying interest and OPEC accepts Bitcoins for oil then perhaps we have a currency contender.
But then again, Since data is the new oil and bitcoin is bits (data) perhaps it is the oil! Need to flush that out for myself.
Good discourse Professor Damodaran. Had your asset valuation book for Fianance class in my MBA at IU Kelley School of Business.
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly. |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Good luck my friend. You're a hero for standing in the way of those evil tyrants. It's people like you who are the reason crypto will be able to get enough of a foothold over the powerful corrupt and change the world for the better. |
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Banning and laws don't do anything for a system that was created solely to liberate and give back freedom to the People. If anything the black market will further profit from Bitcoin in Indonesia.
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Whoever downvoted this, please leave a reason why. My anger about them is not justified?
Sounds like a very frustrating and nerve-racking situation but at least they're communicating with you which is good. I upvoted you because your experience and feedback may help someone else. You are right, but I believe that account related issues must be resolved within few days and support must be fast because priority is High. They created this whole situation and after that I have to wait for them. Very poor support. Companies like cex.io make so huge profit monthly, but still cannot invest some money for proper support. They do not even have call support which seems fishy to me. I hope your situation gets resolved soon. Keep us updated! |
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Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?
I prefer your second opinion like BTC to be storing value. The costs prove it us. I dont think BTC will go down to costs of alts so we will use them for daily. Just a heads up to anyone getting into this field. Amongst the genuinely revolutionary tech is a minefield of scams and people simply pumping their own investments. For every over night millionaire there is a bunch of bag holders. Be very wary of people recommending this or that. Do your own research. Don't get emotional and 'panic buy'. And only invest what you can afford to loose. It's truly un unregulated wild west. Be careful. Yes, Bitcoin will perhaps solve it's problems. But at least Ethereum has a roadmap with plenty of developers working within to advance it's technology. I do a lot of research and all should do the same. The projects I mentioned are pretty solid. Most importantly these are relatively still in early stages of development or growth, bigger risks or bigger rewards, if as this article suggests crypto will go mainstream. Sorry..replied to wrong comment. Guardian doesn't allow you to delete?? Not the least of which is the utter bullshit spouted by the people behind it in this piece. It's pure word salad. Etheruem is completely different to Bitcoin and it has already forked once so it is not immutable, it is inflationary with no cap on supply etc, it is nothing like Bitcoin and is not many as a store of value or payment method. |
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To complete a real-world transaction in which the buyer / seller requires a traditional currency.
Plenty of trades take place solely in bitcoin.
Think: drugs, extortion, you get the idea.
I'm not sure I really understand your comment. You could just as easily ask the question the other way around. Using cash to buy something is a method of exchange, that's all. Buying a cryptocurrency with cash is no different than buying foreign currency with cash. The only measure of the value you could ascertain from either transaction would be the exchange rate. "One of the newest offered to market is Tazos..." No Tazos are something different, does anyone proof read this stuff ? I highly recommend anyone curious of the space to research Ethereum. It is gaining traction for good reason. It's a bit like Bitcoin but you can run code called smart contracts on top of it, making it very clever. As a currency alone, transactions are done in seconds for cheap compared to Bitcoin which for the same price will take hours or you can pay very high fees for the transaction to go through quicker. Bitcoin has scaling issues (and other issues) because it is the original and still number 1. Ethereum, while very promising, has the same issues awaiting it. I think the will both solve their issues over time and continue to live happily side by side. |
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The intention was to have p2p transactions, so third parties like Banks, would be avoided. So, using bitcoin as a mainstream currency would be like missing the whole point. It's not only because of technological issues like scalability, slow transactions and high fees, that will not make it work like a currency. Although there are companies accepting bitcoin, the high volatility makes it risky to use as a currency.
took me 10 days to sell my shares into FIAT..get the money into my traditional bank, send thsat money from Australia to overseas where I live then withdraw that money from my local ATM - all attracting fees..Then I bought my Bitcoin and had it in my wallet in 8 mins..LOL.. Very good points and exactly why I think - on its own - Bitcoin is a fantastic invention. However, plenty of fantastic inventions fail. And I think this will be one of them. Blockchain, on the other hand, is much more interesting.... |
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Bitcoin is slow to transact, energy intensive and if you lose it, you really lose it. You can't just call the bank to get it back.
It is, at the same time, intriguing and a very intelligent design. Nonetheless, it carries the seeds of its own destruction.
If you don't already know, bitcoin is 'produced' by vast data-centres, consuming on aggregate the same energy as the whole of Ireland. And that's with a current minuscule market cap.
Sustainable? Naah...
Have you considered the vast number of data centres full of whirring computers it takes to run the very Internet we converse on? It's only 'worth it' if you consider it worthwhile. You simply don't consider bitcoin worthwhile. While others clearly think that Bitcoin has tremendous value with much more to come. Perhaps they are wrong, or are you missing something? |
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logical fallacy
Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger. How, exactly? There’s a quaint idea going around of moving towards an environmentally sustainable, peaceful World supported by appropriate money, currency and finance systems. Complementary currencies could play an important role, if we weren’t so busy feeding greed. No. Judging by the lack of comments. |
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Money has been practically the same for hundreds of years, controlled at a centralized source, etc. Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart  It will take a while for people to get used to this, but they will.... The criminals have got used to it very quickly indeed. That's what happens when you have no centralised control. You're referring to (private) bankers, right? The first use case is almost always criminal as institutions are slow to move and have pesky regulations, especially when it comes to finance. As with the internet, it will change very very quickly. Buckle up. How people equate the current financial system as something trustworthy is beyond me! Cryptocurrency's decentralised mechanisms will allow the population to vote on it's future. |
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As an alternative to money yes, as the only currency, don't think so. I even think that Steemit has more chances than Bitcoin.
Bitcoins main problem is that it's not centrally controlled. Currently each transaction on the blockchain uses kWh, equivalent to, on average, 2-3 days of electricity in a UK house. It's not scalable and it's grossly inefficient because of it. You don't understand. Not being centralised is the whole point. As for energy waste, do you realise how many computers and buildings full of people are working right now to process that sandwich transaction you made at lunchtime? Not being centralised leads to gross ineffeciency in the name of "security" which turns out to be a false promise to begin with because bitcoin is so difficult and impractical to use in reality that every single transaction system involves using a third party application run from a centralized location which has far, far less security than the underlying protocol, rendering the entire thing pointless to begin with. |
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As an alternative to money yes, as the only currency, don't think so. I even think that Steemit has more chances than Bitcoin.
Bitcoins main problem is that it's not centrally controlled. Currently each transaction on the blockchain uses kWh, equivalent to, on average, 2-3 days of electricity in a UK house. It's not scalable and it's grossly inefficient because of it. |
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