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Religion does not really save someone. It is having faith in what you believe in that can really save you
And again save you from what? Death? Remember that Death is inevitable, what happens after that? Nothing. Death may be prevented within the century, but religion will have nothing to do with it. https://www.extremetech.com/extreme/265609-startup-nectome-wants-back-mind-first-killPlenty of scientists, researchers and startups are working on brain preservation. I'm sure this will bring about new religious ideologies and philosophies. People have to find meaning and purpose somehow. |
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"What you are seeking won't come in the form you're expecting."
I agree. The "answer" is often right under our noses, but it's only available through a shift in perception. Easier said than done.
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Why just USD and GBP? What about EUR, CHF, CAD, AUD . . . Get the point? It's a threat to all currencies, just like amishmanish said All government backed currencies derive their legitimacy from the government and give power and control back to the governments in return. The system works well if you assume all actors are honest and have the general population's best interests in mind.
History has shown that is hardly the case. More often than not banks, governments and businesses collude to create conditions where inequities keep increasing and those at the bottom continue to serve those at the top. This is enabled by an unlimited currency supply which only gets inflated and the burden is passed on to the common people.
Bitcoin has the power to change this equation with it's property of being a decentralized currency that does not need a trusted party like the government to give it legitimacy. It is power to the people as people choose to believe in verifiability and robustness of the underlying code and network rather than the central bank's word. So yes, As far as the long term effect is concerned, it is definitely a threat to established currencies.
But if it's bitcoin itself that finishes them, we cannot know. All that matters is that we figured out a way to do it now. Bitcoin may not work out, something may go wrong, but at least it's clear now: we can exchange money in ways that have never been done before. This step up is groundbreaking in concept and will shape the future to come. |
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I don't think so. Anarchy is still present in today's bitcoin, it just doesn't seem to be like what it was a few years back. We all know that at one point, regulations would take over the ecosystem given that cryptocurrencies have monetary/fiat value. Needless to say, in order for the government to acknowledge the existence of bitcoin, they should create their own set of rules and regulations just so people can trade their bitcoins into their national currency and vice-versa without any legal implications resulting to fraud etc. Afaik, there isn't any central authority controlling the whole of bitcoin, so in terms of decentralization and anarchy, bitcoin is still doing pretty well IMO.
As we stand now, it's no different than it was several years ago. You can still call it decentralized, anarchic, and free. This is because there is no main regulator, like you said. This can't last long I think. That's what all this fuss over ETFs and the NYSE adopting bitcoin is about. Hell, even the establishment of futures contracts was one step closer to putting a leash on bitcoin. There is more and more movement towards getting it under control these days, and it just might happen. Not completely, but just tame it a bit more. |
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Even a comprehensive understanding of the laws and a good lawyer isn't enough in some countries if you're deemed an enemy of the state. Best just to be as low-key as possible.
In other words, don't declare any of your holdings that haven't been purchased through centralized exchanges. I have always learned: what the government doesn't know can't harm you. I am a firm believer of that and will continue to have that be my main principle in life. I have seen how people out of nothing landed themselves in big financial problems just because they out of nothing declared wealth they never declared before. Instead of governments being happy that people are willing to pay tax, they punish them like they are the worst criminals in the world. It's insane that this happens, which just shows who the actual criminals are.... That's my main principle too. You don't have to admit anything, and I've seen lots of people get themselves into trouble by trying to play the nice guy. The government is a pack of wolves and will jump at any opportunity to punish a wrong-doing nice guy, no matter how nice he is. I wouldn't even be declaring centralized exchanges at this point unless they are based in the US. I think that they still are not obligated to report (but will be soon), so it's probably all under the table at this stage. It might be a good idea to move it out of there soon though to cold wallets. |
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At present, the market is experiencing a global correction. Someone attributed to this the manipulation of large players, some think that the cartel wants to bring down the market, but that's what I think about this:
1)Earlier when the first crypto currency (bitcoin) was born, there were few about it, that was heard, there were only enthusiasts who were interested in the mine. Here they are the first holders who sold them for 1-10 $
2)Then the game involved people associated with innovative technologies, which had large extra money, that would buy them bitcoin at cheap prices from the first miners. Thus raising the price to $ 100
3)But since after such a surge in prices, the first holders sold all their bitcoins, bringing down the rate. I do not think that in the past years 2010-2014 these were corrections. Most of all it was the draining of the first players who were happy that they sold so dearly. And they thought that the bubble burst
4)But large holders, all bought out and dropped superfluous players. After that, a good news background started, carrying a missile called bitcoin far into space.
5)People have heard from all sides what bitcoin is and that it grows very fast. Without understanding the market, despite the graphics, people bought bitcoins, selling apartments and getting into loans. By that, they carried the missile far into space. But the day came when the big The holder decided not to wait any longer for the end of the galaxy, but decided to sell his bitcoins ...
6)And people bought everything and bought ... And when the buyers were over, the sale of those who bought not long ago began. Then the sale of those who bought at the top was started. Forming with this a snowball, flying down. And now those who did not dare to go to market, not having had time to click on the buy button for $ 20,000 sitting and rejoicing that they did not come here. Sometimes glancing at the low rate
7)But we know that such a low price is an occasion to buy crypto currency. I'm sure that there will not be such prices any more. When players who sold bitcoin for $ 100-200-300 pumping a rocket with fuel began to enter the game. TV to say that the bubble does not burst, but grows. And the race of those who will buy for expensive ($ 30,000-$ 50,000) from those who buy now will begin. The choice is yours when you buy ...
Market majors/thought leaders, control the market with the help of FOMO (fear of missed opportunity) and FUD (fear, uncertainty and doubt). The activity of financial giants acts as a catalyst for jumps and falls in the price rates. Thus, they form the mood of the majority, which increase growth or decline. Enhanced “punchy” growth inspires confidence and is able to force to buy assets in a rush and unwisely. Uncertainty and fear provoke a speedy sale in the same way. A well-known investor and billionaire Warren Buffett, with $ 90 billion on his account, used to say: “Be fearful when others are greedy, and be greedy when others are fearful”. It is really important to act independently and not always follow the crowd, especially when the market is highly overbought (if you consider buying) or oversold (in case selling is considered). Also, no need to breed any form of fear, if one can practice the strategy of buy at low price and Sell at High Price very well. Now the market has fell and it's still falling, many traders are out there filled with panic. Why not take advantage of that and buy your coins now before the market booms again all of a sudden. And being able to tolerate the degree of exposure you have to the market. If it drops down to 6k and you start sweating, you've put too much money in. But if it drops down there and you shrug, well you're a safe investor. Risks are only as risky as you make them through your decisions as an investor. I wouldn't be putting my entire savings account into anything, so why would people do it with bitcoin? Sure, it's a great new idea and I support it fully. But it's something that should be used with other ideas as well. One idea is never the best idea. There's always an opportunity for others as well. |
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Oh, mates! LTC is performing worse every week and has a loss (!) of almost 80% if we look at ATH in 12/2017. It is definitely not roses time of LTC but question after all now is if LTC has still a future...
If someone compare it to BTC, ETH, BCH or EOS LTC is performing bad at most distance!! I hope we will see a recovery but do you see it too?
My question, mates: Is Litecoin still an option and has a future or will we see no comeback?
Don't evaluate the future of crypto currencies by the current value or all time high,for now bitcoin is performing very bad so most of the other crypto currencies also falling so we highly depend on the bitcoin for the value other currencies.But litecoin is one of the good potential coin and it will fit perfect for the small payments so it will be the coin for future so don't hesitate to invest on that coin by current value. Many bubbles never recover fully from their heights. That's why we can't look at the previous values to predict the future. Sure, maybe it will increase again, but how likely is it to increase to that same height when it stands at less than a third of it now? Especially because of the speculative nature of altcoins, we never know where they will be next. They could even be gone tomorrow. Litecoin has more potential than the others, of course, but again, you never know. Bitcoin has been standing up to greater difficulties. |
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The price is based on supply and demand so obviously the value will be always volatile and that is the reason why we should just hold our coins and do not sell it immediately.
It has always been based on the law of supply and demand but also the law of supply and demand is affected with the market trends because there are people who decides to sell due to certain reasons like sudden Government regulation, that will affect the price and force the it to go down, but if a group of people buys the coins because the price is low, then it will create a sudden demand which will help the price to go up. That's what makes bitcoin impossible to predict--we never know why, how, or when those supply and demand forces will come. Governments can cause major moves, regulation, devaluation, news, or even billionaires trying to hide their money away. There's no guarantee that one thing will happen at any given moment, so we just have to be ready for it before it happens. Maybe tomorrow someone will decide that they need $15 billion worth of bitcoin to avoid being taxed. Or a country will have a currency crisis and people will try to protect their savings. Then the price will go up. |
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Bitcoin has had a very difficult year so far characterized by dips in valuation, The fore mentioned value is attainable considering the potential BTC has but it will take sometime to get there.
Correct, although we have been struggling in the last 3 to 4 months because of government hard stance against crypto and too many FUD popping everyday like mushrooms, it would still make sense that bitcoin can recover and bounce back. But as far as $35K, I don't know if that is possible this year, it's like 5x or 6x of the current price so that is huge amount of money to get into the ecosystem. We need fresh blood to pump the market, but it seems that most of them are just mum and decided to wait it out before investing. But let's see. To reach a value of 35k there would have to be a gigantic pile of money pumped into bitcoin. The market cap would probably have to double at least. The trouble I see with that scenario is finding a source for all of that new money. Maybe once the NYSE starts their little operation? Or all of this ETF nonsense finally gets sorted out? These things don't seem to hopeful to me. It's hard to see bitcoin falling much further from here, but it's just as hard to see it reaching heights as high as 35k |
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Most will because they don't bring anything to the table. In reality everything will be tokenized at some point because it's much better and safer to buy a coin that people believe in than depend on a country or a government to allow you to spend your money the way you want. The problem is that most of these new coins want to make things better than well known, established coins, that already have a huge user base and recognizability and there's too many of them popping out. More than the community can handle.
Yeah this is what I've been thinking too. There's too many coins, not enough quality. Given enough time, they will slowly be weeded out and there will only be more useful ones that are connected with actual innovation and purpose. Until that happens we'll sitll have an ocean of coins and scams to wade through. There's no good reason for bitcoin to disappear. It's got the technological strength and security that others don't, and it's got the principle of being decentralized. People will still want to use it, no matter what the elite try to do to it |
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What do you guys think about Armory? I heard that it is one of the most secure but haven't actually tried it out myself. There are many options available on the market so it's hard to pick one. Logic says the most secure is the best.
In terms of storage, you wouldn't want to keep it on your desktop because it could get hacked into quite easily. There are plenty of scripts nowadays the even use your CPU to mine, let alone get into your wallet. You should keep it cold. Disconnect it from the internet.
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6)And people bought everything and bought ... And when the buyers were over, the sale of those who bought not long ago began. Then the sale of those who bought at the top was started. Forming with this a snowball, flying down. And now those who did not dare to go to market, not having had time to click on the buy button for $ 20,000 sitting and rejoicing that they did not come here. Sometimes glancing at the low rate
7)But we know that such a low price is an occasion to buy crypto currency. I'm sure that there will not be such prices any more. When players who sold bitcoin for $ 100-200-300 pumping a rocket with fuel began to enter the game. TV to say that the bubble does not burst, but grows. And the race of those who will buy for expensive ($ 30,000-$ 50,000) from those who buy now will begin. The choice is yours when you buy ...
And here we go again for another round of bouncing back and forth. It'll probably get thrown around a bit more as we patiently wait out this stage. Wait and see as more international firms decide to adopt it into their payment systems, and you'll notice that it'll get on another rocket. That's why it's probably wiser to get on now before it's too late. The indecision stage is often the worst because it seems like it's not worth the risk. Then after it takes off, the risk was never a risk in the first place but a missed opportunity. |
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Out of the major ones, LTC seems to have better prospects than the others. Of course, BTC will always be the king because of its decentralized nature and strength to withstand attempts for takeover or hacks, but there are a few other alternatives available too.
Ripple seemed like a good option because there were a few whispers of endorsements but that obviously didn't go over too well. They've also got a centralized coin that they can manipulate prices with quite easily. Same for Bitcoin Cash, which is why they forked. And ETH, I'm starting to lose faith in as well for similar reasons. So it's a matter of choosing one that you think won't be messed with by the owners.
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This is disturbing, it makes the case for regulated exchanges...
It doesn't affect the market cap or price directly, but higher volumes can have a few effects:
All these new exchanges are looking to attract new customers, so they try to fake their volume to appear higher in lists of top exchanges.
Altcoins too will try to pump up their daily volume to try to appear to be a good and stable coin.
Scammers trying to make a coin appear to be good or bad can generate a steady stream of fake buy/sell to themselves to try to push the price in the direction they want.
The moral of this story is: don't trust the volume!
you forgot to add if an exchange only does say 200btc volume a day thats usually only 1btc in fee's. no VC is going to buy shares in the the ownership of an exchange that only makes 1btc a day. so some exchanges fake volumes, not to make a coin look good. but to grab some VC money its also not just exchanges. its wallet custodians faking the 'new walet' per day stats to make it seem that its a good VC prospect for advertising income of a nice increasing customer views site Yeah and the fake growth gives the exchange more chances for expanding out and building its brand in other sides of the industry as well and market themselves on every corner of the web. Next thing you know they could be doing ICOs and making their own coin. Then they give people commission discounts if they use their coin... like Binance. It's not an immediately negative effect on prices, but it's a long term draw out. Kind of like buybacks on the stock market, they're just inflating their own value, but this way their doing it with hot air instead of real money. |
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Found an interesting article in which one guy did some datamining on some popular exchanges and their volumes: https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5eApparently a few of these giants are falsifying their volumes. Maybe because a higher market cap would make people think it's a more trustworthy exchange? I don't know if it's really worth going through all of that effort. Would this have a major effect on the prices? I know we used to see huge differences in prices in the past, but now you won't see much more than a few percent here and there between exchanges. |
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It comes in different scenarios that bitcoin price will increase at higher price value. Even though the declining price signals of falling until $6k, that's a good opportunity for other investors to grab now. I knew more traders sell their holdings after that $1k rise, but after the long run the market will be changing and surely we'll meet our dreams; just have patience mates.
I have sold at $1,000 before since I thought that's the greatest price that bitcoin will ever be but that's changing from time to time. The price is already the second day of 8100 $. And I think the price will not fall to $ 6000. Most likely soon there will be a stable growth.
It's $8,000 for today and I hope that it won't fall to $6,000 anymore. There could be a dip, but it won't last for long. Maybe a bounce off the trendline it formed on its way down around the 7500 level but I don't know if it'll go below that. I remember thinking about buying bitcoin when it was around the 600 level and deciding that it was overvalued. Value is only a perspective. We never know what it's actually worth, and we never know what it should be worth. We can just make our best guess. |
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Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?
Whether regulated market or non-regulated ones, what matter is what is being done in that market because both regulated and unregulated, legal and illegal activities are going on but the assurance that regulated has is just that there is some checks and control when there is need for investigation, it can be traced and evidence can be garnered which makes the discussion to be around having a regulated market place not to eradicate illegal activities, but to put a tight leash around it. From where you come from, there is need for you to really understand the laws of the country because for every law, there is always an exception. Just like mine too, there is a law against owning an account outside the country but this is only restricted to public officers alone like the civil servants and elected officials and not private citizens who have earned their money legitimately to have investment abroad. This also is would bring income to the country because when I invest abroad, I earn income from there which increase the GDP of my home country. Also, there is always a cap of the amount that can be kept abroad without raising any issue of illegality. There's also the issue of the government defining laws to serve their needs. I've seen that happen in many third- and second-world countries, and even sometimes in first-world countries (the police in the US are notorious for this). If they look at you as a big enough problem, they can basically formulate legislation on the spot to deal with you. This is also what all of these "obstructing justice", "treason", and "terrorism" charges are meant to be. They're entirely open to the interpretation of the arresting officer. Even a comprehensive understanding of the laws and a good lawyer isn't enough in some countries if you're deemed an enemy of the state. Best just to be as low-key as possible. |
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For risk and compliance reasons, many investors/entities cannot or will not participate in BTC spot markets. Futures markets -- and potentially ETFs -- are an avenue for those people to get exposure to the market.
Indeed. People still don't seem to understand that unfortunately. It has been like that with Soros and Rothschild as well. People blatantly assume that they will buy crypto directly, while it's actually only the exposure they are after. They don't care about crypto itself, and for that reason likely won't bother going for it, and then we have the legal side forming an obstacle. It perfectly shows why the volumes of the future markets have been growing lately. I like how this offers loud traditional skeptics the option to put their money where their mouth is. If they really believe in a crash or doom scenario, then that's their way to back up their words, otherwise they are full of shit. When someone huge like Soros talks about about investing in bitcoin, of course it'll be through futures (and potentially ETF's) because of legal issues like mentioned above. But, just as easily they can switch out and short the market. Just the mere fact that Soros is investing in bitcoin is not a bullish indicator. Now this is where the potential for manipulation exists I believe. Wasn't Deutchebank convicted of manipulating gold prices with some other major investment banks? They were joining forces and smashing down the prices simultaneously or something like that. Who's to say that something similar won't happen (or isn't already) with bitcoin? |
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I know crypto should be anonymous but as we already aware, cryptocurrency already categorized as risky investment so the government have no choice but they must put the KYC regulation on it
The whole point is that crypto isn't offering any form of anonymity, unless it's specifically designed to be that, which is why it grants agencies all freedom to track people down pretty accurately. If crypto was as anonymous as people believed it was, governments would have taken the necessary steps to prevent them from growing larger, which is something Japan is seriously considering right now. All regulations and measures being enforced by governments aren't meant to tackle terrorism and money laundering and whatnot, but just keep you firmly within easy to control/observe circles. Yeah, weren't there some high profile arrests not too long ago with the silk road? Or some other criminal network that operates in a similar way. But these arrests basically proved that bitcoin is not nearly as anonymous as everyone thought it to be. Not a big surprise, honestly. The way I see it, the governments are pushing for verification because they want to be able to catch the tax. So the first step, logically, is to collect names. Then declare tax obligation, and offer amnesty to anyone who declares their income. Of course, if they did it the other way around, everyone would just cash out and flee. |
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Exactly. It is legal until declared as illegal. Although some countries may see it as the other way around (like Germany), most of the world is quite flexible about this. And the beauty of bitcoin is that no one will ever know that you have it unless you make it obvious that you have it.
So practice safety. Don't sign up for an exchange that requires ID verification if that could be a risk for you back home. Keep your bitcoin in a cold wallet where no one will ever know that you have it. Keep your keys somewhere where no one will ever find them. Bitcoin can only exist in your mind if you are quiet about it.
Technically speaking, it is neither a stock nor a bank account. So worst case scenario, you do get caught, you still have a way out. It's beyond borders.
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