Bitcoin Forum
June 21, 2024, 01:00:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3
1  Bitcoin / Bitcoin Discussion / Re: What Caused the Boom in Bitcoin on: May 16, 2018, 09:46:39 AM
If you say BTC to someone who knows nothing about crypto. They just have a small about of knowledge about Bitcoins price volatility and not its potential.
2  Economy / Economics / Re: As Altcoin Popularity Grows So Does Crime; Is Regulation Keeping Up? on: May 09, 2018, 06:56:21 AM
Here's a nice read on the growth of cryptocurrency vis-a-vis the attacks that seem to hinder it also:

"Since they first hit financial markets, and moreso as their popularity expands, cryptocurrencies—specifically the decentralized digital technology that underlies alt-currencies—have also been a lure for individuals looking for an efficient way to hide their identities, activities and illegal financial transactions. Even as the number and types of tokens proliferate, certain alt-currencies have also become the aiders and abbetors of criminal activity, darkside coins if you will."


Read the rest of the writeup here: https://www.investing.com/analysis/as-cryptocurrencies-proliferate-so-do-certain-criminal-activities-200302190



All new technology will be used by criminals, simple. Its happened constantly throughout history

https://atelier.bnpparibas/en/life-work/article/criminals-early-adopters-technology

They are genuinely always early adopters, its probably a good sign that there is utility in a technology! Id be worried if they were not using it!
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is better Ripple or Tron? on: May 09, 2018, 06:53:15 AM
I wanted to know which is better is it Ripple or Tron? Smiley

Ripple without doubt. Say what you will about it being centralised but most business we look up to and admire outside of this industry are centralised yet we can still respect them for the talent in the team and the progress and partnerships they have made. Jason son and tron just seem very good at marketing. Not much else.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO EXPERTS on: May 08, 2018, 09:27:13 PM

Join our Telegram group!

https://t.me/ico_experts

Uncensored discussion about ICOs, blockchain and cryptocurrencies in general.


Ye I would probably try to avoid telegram groups. They are full of phishing links nowadays unfortunately. That or impersonators . You never really know what is genuine or fake news, and im sorry for using the term fake news
5  Economy / Economics / Re: You missed all the trains, not just bitcoin on: May 08, 2018, 09:24:35 PM
I have read many posts of people saying they are sorry to have missed Bitcoin. But I wonder if they realise that there have been more than 20 trains out there that could have made them millionaires.

They have managed to miss at least all these, some of them as recent as July last year. It is not that you missed Bitcoin, is that you (and I) just missed many many others Roll Eyes



NXT          2013-09-28            +1084215%
IOTA         2015-11-25            +418179%
Neo           2015-10-01           +354482%
Ethereum   2014-07-22           +265772%

And the recent ones...
Populous      2017-06-24          +12181%
QTUM          2017-03-12           +10091%

Be honest to yourself... you did have a chance!

The real question should be what is the next? That seems to be a common theme on this forum. I think its the wrong question. Id prefer to concentrate on the technology and stay up to date with that so that when the next big project emerges, which it will because there isn't a coin out there with real use, I should have a good chance of spotting it before people who are only concentrated on fining the next 50x

6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum will reach $ 15000 in this year. on: May 08, 2018, 09:46:49 AM
I think Ethereum will be worth $15000 or more in this year.
What you guys think ?

Probably not and I am very optimistic! consider how much eths overall market cap will need to grow just to get close to those figures and on top of that we are going to see allot more platform projects launching ICOs this year so competition will increase. I think a return to previous highs is possible before the years end though.
7  Bitcoin / Bitcoin Discussion / Re: Thoughts on the Bitcoin vs Bitcoin Cash Dilemia on: May 07, 2018, 01:05:20 PM
Curious to see what people's thoughts are on this topic. There is a strong side of protesters who believe BCH and Roger Ver is hurting the overall market while others support their actions.

Overall the loud banter on the topic is not progressive for the market to grow, thoughts?

I agree. I don't think there is any issue with forking the network. This is common practice. But theft of the brand and defamation is another story!
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will ETH cross BTC one day ?? on: May 02, 2018, 04:29:35 PM
In market cap yes maybe, we were very close to a 'flippening" in January. But I don't think the overall market cap is a good metric for measuring the success of impact of a project, its very rudimental and basic and can vastly overstate a coins true value. Having said that it is all we have at the moment but I do think there are some other sites trying to add more relevant factors into the ranking system such and average customer holdings and amount of use.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Breaking: China May Legalize ICO Soon on: May 02, 2018, 04:26:08 PM
I think newly elected head of the PBOC is currently trying to appease the far right of the communist party. I think crypto in general will again find a home in china. Yi Gang has expressed his love for crypto in the past so I think he is just playing politics at the moment with the recent crack down.

https://cointelegraph.com/news/chinas-new-central-bank-head-is-pro-market-could-it-impact-cryptocurrency-industry

He is an American trained economist and very modern in his view of the worlds so I have no doubt they will re enter the cryptocurrency scene
10  Bitcoin / Bitcoin Discussion / DID YOU KNOW? on: May 02, 2018, 04:14:36 PM
Did you know...that you never actually have possession of your bitcoin even if you hold your private keys in a wallet. Private keys are nothing more than an access code to a ledger account on the blockchain. A wallet is probably misleading, it is more of a key chain where you store keys to unlock and transfer bitcoin within the blockchain.

Did you know...that one of the most difficult things to produce in nature is a random number. You need random numbers to produce private keys. Stanford use a camera pointed at a lava lamp to produce data points which turn out to be great random number generators.

Did you know...Nick Szabo, the man many think is satoshi Nakamoto (unproven) was the person who coined the phrase "smart contract"

Did you know...Bitcoins current transactions per second capacity is roughly 7 and Ethereums is 20. Visa can do 24000. But do not be disheartened. Visa has a 60year head start. With state channels and other updates billion transaction per second systems are muted to be possible so watch out Visa

Did you know...The biggest venture capital firms in cryptocurrency are :FBG CAPITAL, FENBUSHI, BLOCKCHAIN CAPITAL, INBLOCKCHAIN, KINETIC CAPITAL, BITMAIN, PANTERA CAPITAL, COINSILIUM GROUP and SEQOIA CAPITAL so keep and eye out for who they back, these are professional investors!

Any more did you knows that people may find helpful/interesting?
11  Economy / Economics / Re: Why Big Banks are so Nervous About Bitcoin ? Why ? on: May 02, 2018, 03:59:55 PM

There was a time where Bitcoin was not even on the radar, it was a novel idea that was primarily used by thieves and drug dealers on the dark web. Nothing to be afraid of in terms of holding a monopoly on money.

However, that same little upstart is now disrupting the system of things; from Bitcoin and other cryptocurrencies, ICOs and the ever impressive Blockchain technology. This is now a legitimate threat on traditional banks.

Banks have existed unchallenged for hundreds of years, and that is the key issue here; Bitcoin, backed by a solid platform such as Blockchain technology, is a ghost that is incredibly hard to control due to its decentralized nature.

The power and control of money is being ripped away from traditional institutions, which can also be seen on Wall Street. Some of these traditional investors are siding with what could be the future, while others vehemently denounce it.

Individuals can now enter into direct peer-to-peer trusted exchanges with strangers. They no longer need a central institution to vouch for the other party.

Just like the fax machine, the library, even metered taxis, new technologies have come along and made others obsolete. Banks are now in the sights of Bitcoin and are in their death throws, as they lash out with the power of states behind them.

However, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

I think you made a perfect case for why banks are scared to be honest. We should also remember "Satoshi Nakamoto" referenced the 2008 bailout of the banks in the famous genesis block so right from the off there is a theme in crypto of being outside of the traditional banking institution. Some say this was just a reference to the date but I don't buy that spin for one second. To me it was a clear indication that this was supposed to act outside and independent of the broken banking system
12  Other / Off-topic / Give a man a fish or teach him how to fish on: April 28, 2018, 10:43:35 PM
'If you give a man a fish, he will eat for a day. Teach him how to fish and he eats for a lifetime"

This quote for me sums ups the best strategy for succeeding in cryptocurrency. Too many people trawl through forums, articles and youtube videos looking for what people say will be the next big coin. All you are doing here is accepting free metaphorical fish of people. A better strategy would be to learn about blockchain, distributed ledgers, distributed consensus and immutability. Then look into geopolitical events, then look into other economic markets outside of cryptocurrency for macro trends and then you will be able to make decisions on solid projects for yourself. This whole movement is about becoming independent so relying on other peoples opinions to form your own is a very dangerous game
13  Economy / Economics / Re: The best way to invest on: April 28, 2018, 10:35:23 PM
What's the best way to invest? Wall St won't tell you the secret, but here it is: don't. Find a good money market fund as your base, and clip coupons by building a high quality relatively short duration bond ladder. It's essentially risk free, and it has beaten the market for over a decade now. Sleep well, save well, focus on your career, and enjoy your life -- and though you may not believe me, I guarantee you'll beat 95% of all investors in the long run, and you won't have to pay any "advisors" a nickel.

Amazing that you had the foresight to see the potential as in investment so early. I was first introduced in 2011 but never for a second did I see the actual bitcoin as an investment. It was more of a tool that would be used to change the world in my eyes, the borderless nature of it is what got me inspired but kudos to you for spotting it so early!
14  Alternate cryptocurrencies / Speculation (Altcoins) / Re: EOS next on coinbase? on: April 26, 2018, 10:06:19 AM
I suppose its a possibility, like you mentioned they have come out and pledged support for erc20 tokens. I do think there are allot more coins with allot more value than EOS though. Bare in mind they have no product, they don't even have a beta. Yes they have a huge piggy bank to play with but unfortunately there are not enough developers to satisfy all of these exploding companies so it really rest on wether or not they can attract the talent!
15  Economy / Economics / Re: Imagine a cashless society on: April 26, 2018, 10:03:14 AM
Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

I 100% think cash will be phased out in the next 20-50 years. Wr are already seeing the world heading in that direction. Thinking about it I think it could be way less time than 20-50 years. I get strange looks if I try to pay for anything of value with cash. You can see the culture shifting.
16  Bitcoin / Bitcoin Discussion / Bubbles a good thing? on: April 26, 2018, 10:01:08 AM
So we hear bitcoin is a bubble over and over. I was reading a book regarding bubbles and his take on them were fascinating. His argument was that the biggest leaps in innovation come through the speculation, exuberance and floods of money that bubbles produce.

Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.

We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!

Does this argument have any value in your opinion?
17  Alternate cryptocurrencies / Altcoin Discussion / Re: If you had $50, what would you invest in? on: April 20, 2018, 09:42:17 AM
If its only 50 dollars I would go for a high risk low market cap coin or an ico. But I would a hell of allot of research into where you place that 50.
18  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi Nakamoto? on: April 20, 2018, 09:39:27 AM
Its a secret NSA project set up to get the masses to accept digital currencies. A Trojan horse so to speak to bring round state issued crypto Smiley
19  Other / Off-topic / Re: POLONIEX SCAM? on: April 19, 2018, 11:05:55 AM
I cant see this, They have just been bought out by Goldman Sachs investment wing circle which is a huge huge company. This is probably some administration issues, or even issues with an influx of customers. I wouldnt worry too much
20  Economy / Economics / Re: World debt hits new record: good for BTC on: April 19, 2018, 11:01:57 AM
I think it is good yes. The more they print the more money there is that can go into BTC. I think btc is designed to suck up fiat and well this is happening! Lets see what happens but I can see bitcoin coming out kind in a hyper inflationary environment
Pages: [1] 2 3
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!