Latest posts of: Harrisonimo

Quote from: Sanctum09 on December 22, 2017, 07:21:27 AM

BTC down on 12'500
ETC, Ripple, IOTA all down more than 30%.

Whats going on?
thanks

It is only a temporary price deep in the major coin; bitcoin which is presently having its toll on the altcoins. This dip is expected majorly at this point of the year where they will be a major transfer into the fiat values. I also believe this that it will help correct the bitcoin price and also fix space for the growth of altcoins. As long as bitcoin is given the stage alone, no other coin can really have a significant value. Some of us are really waiting for the bitcoin dip so as also help with the altcoin rise in value.

Quote from: TonyMark on December 05, 2017, 07:26:51 AM

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.

would you try this technique.

That is a wild and overly high risk to take. This would have been very appropriate if and when done around the month of August. And then getting a gain of 600%. But the right time to cashout is also very important. A loss of house and loss of cash won't be funny at all. If I am very sure of the forecast, then it would have been a nice decision to take or have taken. As we can see, as of today, the bitcoin price has started dipping due to the festive season and people like you buying back what they can see in the physical.

Quote from: Aventhe on December 22, 2017, 07:21:43 AM

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

The major reason for the present dip I will go with is the reason of people selling of to get fiat at this festive period. It is very well quite expected but the extent of the dip isn't known yet. I believe a balance will be when the level of supply meets the level of demand and maintained over a period of time. There are quite a handful of person waiting for the dip so as to be able to buy into Bitcoins again and also considering the influx of new adoptors which is increasing too.

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The correction will definitely be sudden due to the volatility behaviour of the bitcoin and it is somewhat imminent anytime soon. I have thought it through too that for those who have made some real money from bitcoin should at this time not get overly relaxed and got caught up when it corrects. As much as treading carefully is important doesn't mean the Cryptocurrency world is neglected. There are other coins to venture into and get to rebuild. At this point also, when and if the price of Bitcoin ever corrects, it is justified to have done more good than harm.

Task done for the week.

Quote from: luxcoin on December 05, 2017, 11:04:43 AM

Don't think to much for your own.
Let's make a discussion out of the box.

When there is a new fork people are so exiting because in this way they can split their BTC with a new Crypto.
Very lucky for you buddy!

BUT, is it really worth for the community? Or is it another way to speculate and try to gain extra money ?

I mean Bitcoin ha seriously issue and everyone know about it. You guess it: scalability, fees to hight, ect

Could the new forks really solve the issue?
Because if everyone see them as free-money it's definitely not worth it and BTC remain with its problems

What do you think ?

From my own understanding of what the forks was partly intended to do was to somehow reduce the price strength of the bitcoin and share with the newly formed fork/branch. Bitcoin after each fork will then regarner strength and build up again. Apart from having free equivalent volume of what you had in your bitcoin, a new coin is being formed and given value with the influence of the bitcoin. On the overview, we can see that the forks have had no real impact on the bitcoin itself.

Quote from: Bitcoinbiggestbosss on December 11, 2017, 10:03:24 PM

The last couple of days I have been reading a lot of articles that describe the possibility that Bitcoin was created by AI. First I thought this idea was kinda silly, but the more I read about it, the more plausible it sounds. If this is true, we should dare ask the question why an AI would create Bitcoin.
This video describes that very possibility and elaborates on the motivation of that AI

https://www.youtube.com/watch?v=gK2jkkB2yyc

It is very possible that the Artificial Intelligence brought about the digital currency. The blockchain in itself is an advanced technology on which the Cryptocurrency world is thriving on. With mutations that are bound to happen within the system, a lot should be expected to happen soon; beyond the human control. The gradual encroachment of technology into the routine of human affairs is definitely bound to alter certain major areas and then somehow redefining/restructuring it to its own pattern of sanity.

Quote from: imteaz on October 20, 2017, 04:53:18 PM

Hello, i'm kind of new into crypto currency, I am currently trading on few exchanges. But i noticed all of the exchanges use bitcoin to deposit and withdraw, also no matter what coin you trade use bitcoins. So when you decide to withdraw your bitcoin and convert to USD, how do you go it? I don't see any option in any exchange, which is very weird.

All depends majorly on the exchange platform you are using and also the bitcoin wallet you are using to withdraw to your bank account. I recently had to go learn how to exchange an altcoin I had to Bitcoins. Thank goodness I did because I would have really regretted it if I didn't on time. It is actually quite easy even with YouTube videos regarding what you want to learn. I used the yobit platform and sent to my bitcoin wallet then to my bank account which was credited with ease