Bitcoin Forum
April 30, 2024, 09:40:22 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 [93] 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 ... 183 »
1841  Economy / Economics / Re: Will bitcoin ever succeed as a currency on: January 02, 2021, 07:03:10 AM
I will express an unpopular opinion - but BTC has not achieved any success as a currency. (Not to mention it TPS)
All this time and until now, the entire cryptocurrency has been solely as a gasket between the dollar and the user. After all, so smart people once decided to use BTC as money and shout about it everywhere, on every corner, but at the same time when they saying "Bitcoin" they mean "the number of dollars for 1 coin". In BTC, there is absolutely no sense in such a situation because it is a complication of life to yourself.
As a means of earning money through trade BTC is probably one of the best phenomena in the last 10-20 years, because of its exorbitant price.
But this price will not be eternal and it will not grow forever. If today my big mac costs $ 6 and tomorrow it will rise in price to $ 8 - this means that the day after tomorrow I will receive $ 2 more and in general it will suit me.
And if today big mac costs 0.00001 (conditionally) satoshi and tomorrow is already 2 BTC-then this is a reason to commit suicide or go into the wildest depression because all your savings are lost forever.
I agree with your opinion. Bitcoin has really become very famous now. However, only a small percentage of people own it in their wallets. However, even among those who bought bitcoin, very few use it as a means of payment. The infrastructure for this has not yet been developed, and besides, why use it to purchase goods or services, if in general it is constantly growing in price and making a profit.
However, indeed, it will not constantly increase in price. There will come a time when it will stop growing and it will be pointless to just keep it in the hope of profit. After that, the attitude towards bitcoin will change.
1842  Bitcoin / Bitcoin Discussion / Re: Bittrex delisting XMR, DASH and ZEC. Will this affect Bitcoin? on: January 02, 2021, 06:35:55 AM
Well, I thought only XRP was delisted on Binance but sad to know that there are also 9 altcoins that were delisted. I don't know what would be the effect of the bitcoin price but these privacy coins are not a big deal to bitcoin because there are too many altcoins that supposedly a replacement to them. Perhaps, my assumption is bitcoin price will pump up because those investors of that altcoin will surely move to bitcoin or either in ethereum which is a perfect move to them.
Regulation of cryptocurrencies by states will only intensify over time. Especially in this matter, the United States and its SEC stand out, which has already become the cause of many scandals with cryptocurrency. An attack on coins with a high degree of anonymity was inevitable. However, there will always be exchanges and states where Monero, ZCash, Dash and other anonymous coins will feel safe. Because there will always be a demand for these coins.
1843  Economy / Speculation / Re: Are people buying BTC @ $27000+ idiots? on: January 02, 2021, 05:33:57 AM
For bitcoin to continue to rise in price, it needs to be bought at any price value. So let them buy. Of course, this kind of investment increases the risk. In my opinion, it is better to wait until bitcoin again goes to the price correction. I am sure that the profit in this case will be much greater than buying it at the current price.
1844  Alternate cryptocurrencies / Altcoin Discussion / Re: Is USDT Tether safe? on: January 01, 2021, 06:25:28 PM
I am not a supporter of USDT, but I do admit that USDT is safe. I say so not without reason, because the only stablecoins that I often
use are USDT. And I have never been disappointed with USDT since I first used it in 2017, when I use it to save the profit I get when
trading crypto. And even now I use USDT to save some of the capital I have for trading, because USDT can avoid me from the volatile
crypto market.
Centralized and, moreover, non-state financial assets cannot be safe. What can happen to USDT is what happened to ripple. It was also considered secure with good functional characteristics as a means of payment. I do not want to say anything bad for USDT, I myself use this stablecoin, however, I think that stablecoins of states will still be more reliable.
1845  Alternate cryptocurrencies / Altcoin Discussion / Re: Beware of 2018 BTC aftermath on: January 01, 2021, 05:53:55 PM
Whatever happens, the main thing is not to give in to the hype. Despite even the record value of bitcoin. Making investments in cryptocurrency is only necessary by understanding all the risks. How many have already suffered from their own greed? It is better to calculate everything and stay in the black.
Bitcoin, as we can see, has risen at a record price of over $ 29,000. Probably, many are now wondering whether it is risky to buy bitcoin at such a high price now. In my opinion, the risk is really no longer worth it. At any time, bitcoin can go for a correction. Then it will be possible to buy it. Although in general we expect it to grow further this year, the cryptocurrency market is very unpredictable.
1846  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why XRP Crash? on: January 01, 2021, 05:21:37 PM
XRP is facing a huge problem. Problems experienced with SEC can't be overcome easily. This situation can destabilize them. If this problem is not resolved, it will negatively affect all cryptocurrency markets  Undecided


learn from the past, anything that will result in or deal with the SEC will ultimately be catastrophic. when the SEC declared and questioned Ripple's side, it was a bad sign. that in the future the value and all market demand for Ripple will plummet. At the same time, the Okex platform is instead creating events and collaborating with Ripple, while other platforms are doing the same to temporarily shut down the Ripple market until problems and allegations are resolved.
The problems that the Ripple network is currently having should not negatively impact any other cryptocurrencies. After all, the SEC has no claim to the issuance and circulation of XRP, but only to the first persons of this company who have made illegal financial transactions with this coin. The trial is likely to be long and is likely to end with the imposition of large sums of fines on those responsible. However, I can see that ripple is already growing slightly in price after a sharp drop to $ 0.19. Now its price is almost $ 0.25.
1847  Alternate cryptocurrencies / Altcoin Discussion / Re: do you trust social media influencers on cryptocurrencies. on: December 31, 2020, 10:36:33 PM
for me influencers can't easily say that bitcoin will go up, so they encourage their followers to join in and follow what he has to say. Remember that we are traders, where a trader has his own principles. If you only follow when the influencer brags, then what if the influencer is silent? is our trade also silent?
plus you say that "they are active when the market is bull and silent when the market is sluggish". How is it different today when the news on television finds out that bitcoin price has crossed $ 30.000 and is silent when bitcoin is priced at $ 10.000?
Influential persons are people like us. Cryptocurrency is still a new phenomenon in our life and we are all just gaining experience in it. The opinion of the so-called influencers can be heard, but this should not be a guide to action, but only as a recommendation of one of the members of this market. We ourselves must analyze the current situation in the cryptocurrency market and there should be no authorities in this.
1848  Bitcoin / Bitcoin Discussion / Re: the power of HOLD and believe on: December 31, 2020, 09:18:53 PM
What I know is, Holding is the only way to go, especially for long-term holder making the real profit. Short term hold is not good, We all regrets who sold early and made little profit. I think smart traders hold bitcoin long term. All you gotta do buy the dip and hold, you will surely make a profit. I only wish I knew this before.
Long-term retention works for bitcoin so far, but we have no guarantee that this will continue for very long. For other cryptocurrencies, this works for top coins and very few tokens.
It should also be noted that from the point of view of the present time, it is easy to judge what needed to be done in the past. However, now, for example, we do not know whether Bitcoin will fall in price after such a long and high price increase or not. At the end of next year, of course, we will easily give advice on the current situation. Therefore, not everything is so simple.
1849  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP dumped and BTC goes up, coincidence ? on: December 29, 2020, 05:46:50 AM
Altcoins move almost in sync with BTC. If the BTC price rises, the altcoins price will also (tends to) go up.
However, XRP's price will swing wider than BTC, so when BTC goes down a little, XRP will go down more.
Ripple's network leaders are in big trouble right now. The SEC filed a lawsuit against Ripple and its top executives on December 22 for over $ 1.3 billion in unregistered securities transactions and the sale of $ 800 million worth of ripple cryptocurrency without proper registration to users. This charge is very serious and should result in billions of dollars in fines. XRP's reputation has been severely shaken. Therefore, the price of this coin has dropped to $ 0.22 today. These events have nothing to do with the rise or fall in the price of bitcoin.
1850  Economy / Economics / Re: We, bitcoiners, should buy a bank on: December 29, 2020, 05:17:25 AM

I still see many people being puzzled by BTC, saying it's a bubble, that it's going to crash, etc...
Taking advantage of the huge price rise, I think some early believers should team and buy an existing bank. Not Barclays, nor JP Morgan of course, but there are small banks out there. Imagine a bank owned by bitcoiners, for bitcoiners. It would become an exchange, and it would be the best exchange in the world with the full ability to make Swift and SEPA transfers without the need to use the service of a third party.


That won't happen because buying a bank doesn't mean you just have to buy a building with money counter. If you buy, you will be imposed with all the hard bitch rules and regulations in the first place. Your bank will be regulated by existing rules. You can't just dedicate that bank to bitcoiners really.

The logic is not in place here. You will have to form completely new organization with set of rules which allows such swift bitcoin exchange to and fro crypto space / fiat space.
It's right. The bank will be located in a specific state and will have to obey its laws and the instructions of the central bank of that country. There can be no independent banks. The bank is either located in the existing banking system, or it simply will not be given the opportunity to work normally. Various checks and penalties for failure to comply with existing regulations will lead to bankruptcy.
1851  Economy / Economics / Re: China Economy Forecasted to Surpass US Economy by 2028 on: December 28, 2020, 07:02:58 AM
That's quite possible. I don't like the fact that the United States can print dollars almost uncontrollably and exchange them for goods all over the world. The Chinese economy is working much more efficiently today, and therefore it is developing much faster. I see that the digital yuan will only strengthen this trend.
1852  Economy / Economics / Re: Strong kyc reason on: December 28, 2020, 06:39:59 AM
Reason are becouse banx dont have MONEY.

From kyc transactions they create money.

Bank will just add digits only if you verify ur kyc .
Banks can not use other people money thats a lia.
Banx creating money from kyc and aml
Old money is gone to proof this the all debt are erased in 10 years banx now nedd kyc to create new money
I don't see any relationship between KYC and bank money. Banks generally require identification of their clients, but this does not give them more money. Banks follow the instructions of the government and the central bank. Personal identification is needed in this case to monitor the observance of the legality of citizens.
In cryptocurrency, KYC is required only for the prevention of dirty money laundering and the fight against terrorist financing. In all other cases, the requirement to pass KYC is illegal.
1853  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Altcoins Follow BTC Rally? on: December 28, 2020, 06:11:48 AM
altcoins do not follow the bitcoin rally, you should know that, yes even though there are altcoins that follow bitcoin,
but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease
In the second half of 2017, when Bitcoin began to rise sharply in price, almost all altcoins also experienced strong growth. The next year, when the price of bitcoin dropped 70 percent, altcoins fell in price by 90 to 95 percent. Now the growth of altcoins after bitcoin is observed, however, altcoins are growing in price very slowly. Moreover, some show relatively good growth, others are very weak, and still others even practically stand still or even fall a little. Probably, it should be so. Everything should depend on the prospects of our coins and tokens.
1854  Bitcoin / Bitcoin Discussion / Re: It is pointless if the BTC fees increases along with rise in BTC price! on: December 28, 2020, 05:22:49 AM
I have observed many times whenever there is rise in the price it will proportionally increase the fees as well. BTC becomes useless if I want transfer my coffee bill worth $5 or lets say lunch of $50 bucks if I have to pay more than 10-15 USD for single transaction.
Bitcoin is a digital gold and despite of the fact that bitcoin is able to used as a mean of transactions, it is not a perfect tool for you (at least now) to be used as a payment method. Bitcoin is more similar to a storage asset, not a payment method. The Lightning Network can help bitcoin adoption and expand its usecase as a payment method. It is for the future and maybe in the future, there will be more solutions and not only Lightning Network.

Quote
The problem is it's unfair system if we want to make quick payments for daily usage.
The average bitcoin blocktime is 10 minutes so that you can not ask for quick transactions. You need to wait about 10 minutes in average even if you use the highest fee on the mempool. Of course, it can be confirmed anytime in few seconds to 10 minutes after you broadcast your transaction.

The beauty of Bitcoin is it has a very healthy network, with too high total hashrates so that your fund and your transactions will be secured by the network. Your transaction on altcoin networks can be double spent but on the bitcoin network, the probability is almost zero.


Think different!

I think of transaction fee in satoshi per the total amount of bitcoin or satoshi in my transaction. If I look at the issue like this, I always find opportunities to move my bitcoin with cheap fee.

Obviously, the fee in USD will be different and it is affect seriously by the price per one bitcoin.

Example with https://bitcoindata.science/plot-your-transaction-in-mempool.html
  • I make a transaction with 1 input, 2 outputs, and the address format is Bech32.
  • Amount of BTC in the transaction: 0.01 BTC
  • Fee rate is 1 sat/(v)byte
  • Fee: 0.00000142 BTC
  • The fee costs 0.0142% of my the transaction value. It is not expensive.
For an ordinary user who just wants to use cryptocurrency, and primarily bitcoin, and not delve into various additional technical problems, the establishment of a lightning network will present a certain difficulty. Therefore, if this function does not work automatically, most likely, bitcoin will be used as a means of payment for relatively large transactions. Of course, unless a better solution to this problem is found.
1855  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinbase is going to delisting xrp? on: December 27, 2020, 07:26:12 AM
Ripple really falls apart and the possibility that coin base going to delist XRP might come to reality. Other US-based exchanges might experience this as well. Unfortunately, other exchanges are also making their move, Bitstamp just announced that they will halt XRP trading from US customers. This could be a domino effect if XRP loses their lawsuit unfortunately.

As long as the delisting of XRP is not connected to exchanges that do not have American jurisdiction, the coin will be relatively safe. By banning American citizens from working with XRP, Bitstamp is seeking to avoid a potential conflict with the SEC. I expect that other exchanges will do the same.
I think that ripple will not fall apart in the end if the accused leaders are able to pay the penalties. It is quite obvious to me that the SEC will win this lawsuit, since the evidence of the alleged violations is fairly easy to collect and will be undeniable. However, in any case, the ripple's reputation has suffered serious damage.
1856  Alternate cryptocurrencies / Altcoin Discussion / Re: SEC charges Ripple and two executives with conducting $1.3 billion unregistered on: December 27, 2020, 07:08:30 AM
Well, the accusations are very serious and they concern precisely the first leaders of Ripple. At this forum, the situation about the possibility of these leaders to uncontrollably issue and sell large quantities of their digital coins was repeatedly discussed, and this is now being confirmed. The SEC actually approached
December 24 with a complaint to the judicial authorities and a judicial review of these charges is inevitable. Therefore, the price of ripple, which was growing very quickly and rose to $ 0.60, fell sharply to $ 0.26 since December 22 and is now trading at $ 0.30.
1857  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Ethereum is said to be One Step ahead of Bitcoin on: December 27, 2020, 06:45:01 AM
In the future, anything can happen, but in the next few years, ethereum is not able to outstrip Bitcoin either in price or in terms of capitalization. It should be noted that these are also different coins for their functional purpose and they do not directly compete with each other. Ethereum is currently being updated and this process is expected to take two years. Of course, this is a very promising coin, but the credibility and support of bitcoin by the community is still undeniable.
1858  Economy / Speculation / Re: I doubt Bitcoin will dip below 20k again on: December 27, 2020, 06:01:37 AM
Now the price of bitcoin is already $ 26,780. In recent days, it has been growing very quickly and it is already difficult to predict something here. Of course, its price is unlikely to fall in the near future, however, in general, we can see the price of bitcoin below $ 20,000 more than once. The arrival of institutional investors in the bitcoin market has significantly strengthened the price position of bitcoin, since small investors are poorly predictable in these matters.
1859  Alternate cryptocurrencies / Altcoin Discussion / Re: Sec vs Xripple and in the future vs BTC? Is it correct? on: December 26, 2020, 07:14:23 AM
The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors?
The sec can act on the company on USA not on what it has produced and that 95% of customers (who are not Americans) own. They are certainly not stock exchanges. Then, if the SEC also wants to regulate casinos, what credibility will it ever have in the future? But then, since it would be a share, why didn't it close on the downside? What safeguards would the sec provide?

https://www.sec.gov/news/press-release/2020-338
Do not dramatize the situation so much. The SEC does not attack ripple and the claims made will not lead to the collapse of this coin. The SEC is about to file a lawsuit against Ripple in connection with the alleged sale of unregistered securities. This is generally not a very big violation and even if the claim is satisfied, it will only lead to the payment of a certain amount of the fine. If there is a violation, there must be responsibility. However, this does not mean that the SEC is going to attack cryptocurrencies, including bitcoin. Already, the ripple price is starting to recover after a sharp price drop in connection with this news. Therefore, with ripple everything should be fine.
1860  Other / Archival / Re: [GUIDE] All About Central Bank Digital Currency (CBDC) on: December 26, 2020, 06:34:36 AM
What I find truly astonishing is that we already have digital currencies: credit cards, bank wires, SWIFT payments they are all in digital form. We have 0s and 1s on a database somewhere that implies how much do we have. If they don't implement a blockchain-based CBDC nothing much will change really. They had to find some way to tackle bitcoin's humongous superiority and they came up with CBDC.
On the topic of anonymity, I would never trust an anonymity voucher issued by a central bank.
Yes, cashless payments have been in every state for a long time. However, the stablecoins of central banks using blockchain technology are far superior to existing cashless payments in almost every metric. Therefore, for states, the appearance of their stablecoins significantly improves the global financial system. How this will affect bitcoin and other cryptocurrencies, time will tell, because not everything is simple here. Stable coins of states raise the overall role of cryptocurrencies and arouse the general interest of people in them, however, at the same time, they are real competitors to decentralized cryptocurrency as a means of payment.
Pages: « 1 ... 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 [93] 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 ... 183 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!