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341
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Bitcoin / Bitcoin Discussion / Re: GOOD NEWS!!! South Korea on BITCOIN
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on: July 09, 2018, 01:21:21 PM
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By the middle of next year we should have a much better scenario the cryptos, good news coming from Asia. The interest of people for crypto in various Asian countries is great, and they really buy the assets, hopefully the West will also see the cryptos more seriously.
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344
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Bitcoin / Bitcoin Discussion / Re: Warren Buffett #BitcoinFOMO
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on: July 06, 2018, 02:02:59 PM
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Warren Buffett is a traditional investor. He does not invest in technology. Buffett also admitted that he missed out on investing in Facebook, Google or Amazon
No one can get everything right, so why not take a chance on the cryptos market? There are projects with a lot of potential, whoever enters the beginning always gets the best opportunities. “Cryptocurrencies will come to bad ending”
in a way i agree with this statement! the altcoin market has turned into a shit show for good. we are used to it by now so we no longer see the manipulations and pumps and dumps, it is like a normal thing for us to the point where some people started believing it is real rise that altcoins have! this can not end well. in case you didn't know manipulating the market is illegal. I agree, I see only a few dozen (being optimistic) of successful long-term projects. |
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345
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Bitcoin / Bitcoin Discussion / Re: Are zero transaction costs possible?
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on: July 06, 2018, 01:55:14 PM
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In Bitcoin a zero rate is almost impossible, but a low rate is feasible. The miners have costs to make the transactions, and if there are no gains they will hardly keep the machines mining, which will decrease the hash power and consequently the security of the blockchain. The proof of work has this characteristic, and despite the costs, they are the ones that guarantee the security of the data contained in the blockchain.
There are some currencies that have zero rate propositions in transactions, such as Nano.
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346
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Bitcoin / Bitcoin Discussion / Re: False fear about BITCOIN.
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on: July 05, 2018, 05:22:31 PM
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Fake news and FUD has to the hills on the market, is part of the game. There is manipulation in the price, but this will end (or at least have less relevance) in a while, the market will mature and only the good assets will remain.
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347
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin the Biggest Bubble in Human History?
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on: July 04, 2018, 05:30:15 PM
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Derivatives are empirically the biggest bubble in human history.
"an arrangement or product (such as a future, option, or warrant)
whose value derives from and is dependent on the value of an
underlying asset, such as a commodity, currency, or security."
They have no intrinsic value and are purely speculative. There is no other function or purpose. Yet banks, hedge funds and retail investors can all make bets on assets they don't even own in an attempt to turn a profit. Pure, unbridled gambling. As a bonus, it has a strong tendency to sway the prices of many of the underlying goods people actually need to buy, which ends up costing you, the consumer, money. And best of all, it continues to spiral into a debt that can never be paid off, since the "market value" (although it has no actual value) of this magical casino is now in excess of all the "money" (which isn't exactly real either) on the face of the planet and continues to grow larger by the second. In the time it has taken me to write this post, it's fair to assume another few million dollars worth of completely non-existent "arrangements" have been created out of thin air.
Bitcoin is remarkably sane and rational by comparison. But the media will never tell you that.
Fantastic Comment. That is exactly it, the media will never admit it, since the one who commands the game is exactly who pays the advertisements. Join the derivatives market, fractional reserves and public debt and the image the apocalyptic bubble will appear. |
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348
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Bitcoin / Bitcoin Discussion / Re: Who sells BTC now?
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on: July 04, 2018, 05:21:51 PM
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If you are in profit can sell, but only if it will use in some consumer goods or service. If it is at the loss it is the same, only if it is to be used. The price can go up (and most likely will rise, sooner or later) and you will regret it.
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349
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Bitcoin / Bitcoin Discussion / Re: bitcoin is most likely going to die, here is why...
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on: July 04, 2018, 05:15:57 PM
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Many people have heard of Bitcoin, few understand Bitcoin. And of those who understand, many want to destroy it.
1. Value is something transient, or is necessity or desire. Bitcoin in case of necessity = means of payment or reserve of value, Bitcoin in case of desire = speculation and trading.
2. The value of Bitcoin in fiat is not higher because of the ico's fever, when the dust goes down and the demand back it will rise, blockchain older and safer.
3. It may happen, but has not yet happened, just as we still use cutlery, despite all technology, we can use Bitcoin for decades.
It is not the easiest way (but it is very safe if you know how to use it) to transact, but it remains decentralized, one of the pillars of its creation.
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351
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Bitcoin / Bitcoin Discussion / Re: Real life usage of bitcoin
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on: July 03, 2018, 04:41:22 PM
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There are several uses for Bitcoin, from investing to trade or value reserve. There are those who argue that if Bitcoin is not used as a direct payment method it will fail, but just observe everything it has triggered to see that it is much more than a payment system, there is a value and philosophy behind decentralization which he provided.
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353
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Bitcoin / Bitcoin Discussion / Re: Cryptocurrencies Can Never Replace Fiat – Says EU report
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on: July 02, 2018, 05:12:21 PM
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But this is clear, if governments lose control over money they lose control over taxes and people's lives. What will happen is that the cryptos are treated as assets / commodities, it is not all the uses of Blockchain that want to replace the money, there are several projects with other purposes, the focus is the decentralization.
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354
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Alternate cryptocurrencies / Altcoin Discussion / Re: The effect of altcoin on bitcoin?
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on: July 02, 2018, 05:06:15 PM
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The first coins were more copies of Bitcoin, with minor changes. Over the years, new projects have been emerging and bringing innovations and new uses / variations to Blockchain technology. Today, there should already be some 2000 tokens, but only what is useful will survive and affect this market significantly.
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355
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Economy / Speculation / Re: Bitcoin is dead many times!
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on: July 02, 2018, 05:01:26 PM
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Bitcoin has been killed for dozens of times, diagnosed with the most diverse problems, but remains firm with more than 100 billion market cap. The fact is that many people who "kill" Bitcoin do not know the subject and end up making bizarre comparisons and talking nonsense. Those who understand a little know what is going on well.
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357
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Bitcoin / Bitcoin Discussion / Re: Bitcoin - Highs and Lows Predictable?
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on: June 29, 2018, 04:50:26 PM
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It is a very difficult thing to predict, and whoever comes close certainly has big winnings. There are many factors involved, FUD, FOMO, regulations, manipulation etc. I think currently the large number of ICO's also limits Bitcoin's earnings because many people prefer to invest in a token that is in the beginning to try to catch the "new Bitcoin" and make a big profit.
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358
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Bitcoin / Bitcoin Discussion / Re: Most Crypto investors are Cowards
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on: June 29, 2018, 04:38:55 PM
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The emotional factor still weighs heavily when it comes to investments, everyone is prepared to win, but few can deal with the losses. To be successful, you have to be much more rational than emotional, who acts with emotion and has big gains is a point outside the curve, most who get good results take a lot of time and act with caution, managing risks.
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359
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Bitcoin / Bitcoin Discussion / Re: BTC transaction fees is going down.
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on: June 29, 2018, 04:33:08 PM
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The lower number of transactions certainly helps to lower fees, the adoption of Segwit as well. I remember that at the beginning of the year I paid 150k satoshis for a transaction, and a few days ago I paid 44 satoshis for a transaction, both took little more than 10 minutes to be confirmed, I hope we never have these absurd fees anymore.
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