Bitcoin Forum
May 08, 2024, 12:02:52 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 »
121  Alternate cryptocurrencies / Altcoin Discussion / Re: ICOs and telegram subscribers on: April 28, 2018, 09:46:40 PM
I don't know how to check whether subscribers are fake, but I believe that ICO rating sites like Cryptomiso can help you in coming to a right decision regarding the investing.
122  Alternate cryptocurrencies / Altcoin Discussion / Re: Where do you find interesting ICO ? on: April 28, 2018, 09:44:19 PM
Try Cryptomiso + I am sure that some interesting groups can be fond on Telegram.
123  Bitcoin / Legal / Re: Criminals and Bitcoin on: April 28, 2018, 09:40:12 PM
I second your opinion OP. I actually wrote about that.There is too much FUD over something that is not Bitcoin-specific.
124  Economy / Economics / Re: Banks Won't Make You Rich on: April 27, 2018, 07:20:13 AM
Of course, the banks won't make you rich. they will only make themselves reach.
Your actual question is whether you can use saving interests in the banks to make some profits. You can use some special dedicated saving accounts, they usually offer a fair interest rate, but it's not that much. However, it's also almost without any risk. It's always like this - you can invest in more profitable assets, but you also have to succumb yourself to more risks.
125  Alternate cryptocurrencies / Altcoin Discussion / Re: What is Bitcoin,paper money and Money has intrinsic value on: April 27, 2018, 07:16:08 AM
This is an interesting view on things. A philosophical thing really.
Does water have its actual use, intrinsic value - well, yes, but it is valued much less then it's worth.
Does gold have its actual use? Yes, as an electrical conductor and for luxury.
Does paper money have its actual use? Yes as a legal tender for payments.
Does Bitcoin money have its actual use? Yes, as a store of value and sometimes as a payment instrument.

We could speculate that Bitcoin or any other money is different because they don't have a physical representation. Where.... they actually have... if you know how transistors function...

Hence, I actually agree with you, I think that in the 21st century we should really be way past the discussions whether we should value only the things that we can touch.
126  Bitcoin / Bitcoin Discussion / Re: End of Dragon Era? on: April 27, 2018, 07:07:49 AM
How could it be? China is a second strongest economy in the world. They will always have a say.
However, the question is whether the community will stop overreacting to FUD coming mostly from China. Probably not. However, they advanced the most in the sense of regulation and we can expect more of that news from other countries from in the future and hence the attention could shift a bit.

But again - regulation is a good thing. Regulation is not prohibition. I will repeat this another 100 times if I have to.
127  Bitcoin / Bitcoin Discussion / Re: What do you think now BTC is more scarce? on: April 27, 2018, 07:03:45 AM
Although to me, those "mental barriers" are a funny thing... I cannot understand how someone can succumb to that, really - the situation yesterday was the same as it is today - it could drive the price a bit upwards. However, not substantially. I think people do already know Bitcoin is scarce and have made their minds up either way.
128  Bitcoin / Bitcoin Discussion / Re: Samsung has now entered the cryptocurrency world on: April 27, 2018, 06:57:54 AM
A good promotion for cryptos. Otherwise not a surprise. Why wouldn't they join the wagon? They are a hardware producer and they can profit plenty, especially since there is a shortage of mining rigs. I wouldn't be surprised even if they started producing graphic cards....
129  Economy / Economics / Re: Money vs Barter on: April 26, 2018, 09:42:27 AM
Well, you have an actual good example of problems with barter system in foreign exchange.
One country can always produce some things and has to import others. You will notice, however, that there are many examples of countries that need a good but have nothing but money to offer in return.

Gas is a nice example. In Eastern Europe, most of the natural gas is imported from Ukraine and Russia. You need it, and you have to buy it, however, although you can make some export to Ukraine and Russia, you simply cannot balance it out with your needs for natural gas as one exceeds the other by far.
130  Economy / Economics / Re: Why Big Banks are so Nervous About Bitcoin ? Why ? on: April 26, 2018, 09:36:33 AM
I believe that the competition is always a good thing. Banking oligopolists don't believe that.
131  Economy / Economics / Re: Centralization vs. decentralization in society and the role of the blockchain on: April 26, 2018, 09:25:29 AM
Well, I can say decentralization is giving more benefits to the society. I can give an example such as a torrent technology. Until now, internet users still using this torrent technology. We can share anything files without boundaries.

Centralization tends to be abusing power. Using centralization, some individual could control many people live. I could give an example of a Facebook case, which selling our data. Facebook using our behavior and personal info to targeting ads https://www.recode.net/2018/4/11/17177842/facebook-advertising-ads-explained-mark-zuckerberg

It is providing new benefits, but also new challenges. Torrent is an excellent example. Look at how easy it is to access music and movie databases. However, what's with the intellectual rights? I don't believe sharing should be forbidden, but a new way to compensate the artists must be made up. There are services like Bandcamp, iTunes, Netflix etc., but they are all, well, lacking...

Centralization always leads to abusing power, it's inevitable as it is bound to human nature which is burdened by greed (isn't the crypto world and a lot of things happening inside and around it an excellent example of human greed and vanity in action). A full decentralization and free market on the other hand inevitably lead back to the laws of nature - survival of the fittest, which is, again, not good, especially since in the human society the "survival of the fittest" usually means the "survival of the greediest".
132  Alternate cryptocurrencies / Altcoin Discussion / Re: Wordpress payment gateway for ERC20 token on: April 26, 2018, 09:16:41 AM
I dont believe that project. My friend was said that project is a scam by their telegram.
Check this one out, maybe it is what you are looking for:
https://www.ebitcoin.org/news/ebitcoin-merchant-and-payment-gateway/

What does he base his assumptions on? My experiences are different. One of the very rare development teams that are very active. They have their problems, but they keep it going on.
133  Economy / Services / Re: [CFNP] | 🔥 Coinpayments.net Signature Campaign 🔥 | 100% SegWit | on: April 25, 2018, 10:07:22 AM
Everything clear here, all payments received. Thank you, Lauda.
134  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin (BTC) approaching $ 9000 - How is the Price Continued? on: April 25, 2018, 10:01:47 AM
I totally agree with you on the centralization problem, but I don't think that is how a lightning network works. I don't think that those hubs are centralized, they are rather like a temporary side chain, but I might be wrong though.

Regarding the next movement in price, scalability etc, I made an analysis, you can read it here:

https://bitcointalk.org/index.php?topic=3386041.msg35475097#msg35475097
135  Economy / Speculation / Re: Bitcoin is making admirable progress! on: April 25, 2018, 09:58:08 AM
I made an analysis of the trend and strength and weakness, maybe it's an interesting read to you? I have probably forgotten many things, but I will be happy to add if there will be some discussion.
https://bitcointalk.org/index.php?topic=3386041.msg35475097#msg35475097
136  Economy / Economics / Re: Technical and fundamental analysis of the new upward trend in Bitcoin market on: April 25, 2018, 09:55:28 AM
I expected at least one comment. Is the text too hard for reading, not articulate enough?
137  Alternate cryptocurrencies / Altcoin Discussion / Re: Power Of Hold ! on: April 25, 2018, 09:53:06 AM

Just holding your coins will not give you the profit you must know when to hold and when to sell and when to buy back then only your capital will grow. Most of the people will fail here they will hold coins but they don't know when to sell that coins, they will miss opertunity and they suffer later.

I agree with you. Profit is not a profit if you don't actually take it.
138  Alternate cryptocurrencies / Altcoin Discussion / Re: prices about bitcoin diamond (BCD) on: April 25, 2018, 09:51:51 AM
I do not understand the exchange rate of the BCD coin I see every exchange very much the difference from one exchange to another.
https://coinmarketcap.com/currencies/bitcoin-diamond/#markets
can i know what happened with BCD?

I think this crypto has the potential to go up more than 100 times in the next 2 to 5 years. BCD has a high volume in the top 10 crypto range. I suggest for you guys, add your portfolio with this BCD crypto as a long term investment.

From where did you draw this conclusion? BCD development seems completely stopped. Trading volume can probably keep it going for another year or so, like what happened with Dogecoin, but a prospect for 2-5 years - how?
139  Economy / Economics / Technical and fundamental analysis of the new upward trend in Bitcoin market on: April 24, 2018, 01:59:14 PM
So, the bull market is back and we are all very optimistic again.
Here I will try to do a bit of a trend analysis.
Let me just mention that most of the graphs were not made by me, but rather collected from other sources.

First of all, the question is whether we are in a bull run, bull trap, or a period with a double bottom.

1st, a bull trap
Let's take a look at this graph:


A bull trap would require one of the followin two things:
1. A nonsignificant price move or a move with low volume.
If you look at where I have put a purple line, it is where the upward trend started. If we consider it is a run from 6.838 USD to 9.310 USD, which makes 27%, I would not say it is insignificant, especially if we take a look at the rise of the volume.

2. A trap inside a trend shape.
If we look at Bitcoin price chart it doesn't say much, but maybe a market capitalization chart (blue line) can help here. We shouldn't really look at market cap, but it is only mathematics (total number of coins multiplied with price), and since it makes it easier to notice certain movements, then why not? Look at around 19th of March. There was an obvious bull trap. An uphill movement that stopped abruptly, after which a previous downward trend continued. This time the line broke the previous bull trap resistance point, and with large volume. Also, there was something similar to a short-term W double bottom shape forming (black and red circles), but the upper resistance has been broken here to.

2nd, a double bottom
Some people say we had could see a new bottom around June by looking at the charts from the previous years.
I totally agree with them that we should look at the previous charts. If anything is obvious with Bitcoin, it is that previous movements are repeating themselves.
Look at this graph:

The bottoms are repeating themselves with 2 months difference between them.

But look at the first graph again (Bitcoin graph from point 1).
We actually had a bottom after 5th of February. Then we had a top on 5th of March and straight downfall from there. We haven't reached a previous bottom, but we did find ourselves around there, and when? Around 5th of April. Hence 2 months difference. This is why I think we already had our double bottom and can expect the upward trend to continue from here.

Enough of techical analysis, let's go to fundamental.
Take a look at this interesting article, with which I totally agree by the way:
https://www.cnbc.com/2018/02/23/bitcoin-ethereum-other-cryptocurrency-five-positive-factors-for-2018.html

1. Point 1 - problem with high fees and scalability will be solved with Lightning network. Maybe. I don't trade Bitcoin, so I cannot verify this, but with SegWit adoption Bitcoin transactions  already became really cheap: https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0
That is move of 450 millions for 1.09$.
I borrowed this fact from stompix, thank you stompix.

2. & 3. Legitimate ICO's and regulation. Should we talk about regulation again? There is so much FUD over regulation and I will only repeat that the regulation is a good thing, especially as crypto world is really most of all lacking security. Regulation shouldn't be mistaken for prohibition.
Bolt Brownie has a nice topic about fighting the FUD with dividing news to actually bad and positive... Everything else is just noise.

Also most of the weak projects got shut down during the downward trend.

Regulation opens up space for point 5. and we could have already seen some news in this field too:

"Earlier this month, CCN reported that some of the largest institutional investors in the finance market including $8 billionaire George Soros, Rockefeller family’s venture capital fund VenRock, and the Rothschild have entered the cryptocurrency market.

The majority of investors were skeptical towards these investors entering the market when it has experienced one of the worst corrections in its history. But, historically, investors like Soros have tended to invest large sums of money in markets that are significantly down from their all-time highs, taking advantage of the downward trend."


Taken from this article: https://www.ccn.com/bitcoin-price-breaks-8000-for-first-time-since-march-real-momentum/

If we think about the fact that those people are so highly infulential that some of the conspiracty theoreticists consider them a part of the secret group controling the world by controlling the world's finances, then it should be enough to notice an obvious importance of this news.

Point 5. paves the way for point 4 - adoption. I really think that with regulation, funding and improved scalability we will see more and more traders accepting Bitcoin (and other cryptocurrencies as well).

Let's go further. There are other interesting theories around, for example I borrowed this one from jaysabi.

According to a recent article on CNBC, Tom Lee is attributing the current price weakness to selling by American consumers and crypto exchanges to satisfy tax liabilities. At least this is an interesting theory, but keep in mind he's only speculating like everyone else.
https://www.cnbc.com/2018/04/05/wall-streets-tom-lee-predicts-massive-outflow-from-cryptocurrencies-ahead-of-tax-day.html

Key (speculative) points from Lee:

    U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings
    Additional selling pressure by crypto exchanges sitting on over a billion dollars in profit denominated in btc/eth and are converting to USD to satisfy tax obligations
    tax-related selling represents a massive outflow from crypto to USD and historical estimates are each $1 of USD outflow is $20-$25 impact on crypto market value
    Expects btc to find footing after April 17
    Expects btc to reach $20,000 by mid-year and $25,000 by year-end


This run is also over and supported by some facts.

Then you have signals like this one:

https://www.ccn.com/cryptocurrency-market-will-get-much-bigger-former-jpmorgan-banker/

Are you still afraid of those big institutions that could prevent a crypto revolution from happening? Maybe it is an isolated case, but if a person that "used to work" for such an important part of the system speaks like this about the cryptocurrency market right after he became free to speak....

Next one.
People were very discouraged by the 75% fall of the market.
Take a look at this fellow:

Should I say more?

Let's go further. People make an argument that it is not the same to fall 75% with a small market or big market. Might be true. But then let's just take absolute values into account, let's take a look where we were just one year ago:

At the moment of the lowest dip, Bitcoin was at around 6.800 USD. Altcoins were similarly ahead of past times.


What about the rest of the market?

Take a look at the global chart:

I think it looks fairly similar to that of Bitcoin.

We also have an (expected) announcement on more exchanges accepting fiat money, starting with Binance:
https://dailyhodl.com/2018/04/19/binance-announces-fiat-to-crypto-trading-pairs-in-a-move-that-could-shift-reliance-away-from-bitcoin/
This will obviously shift more attention towards Bitcoin. Most of the altcoins followed Bitcoin since everything was converted to Bitcoin, more or less.

What is the most negative thing about Bitcoin that can hurt it if compared to some other projects? The one it was created to fight against in the first place - centralization.
https://www.ccn.com/the-dangerous-threat-of-centralization-that-exists-in-the-blockchain-ecosystem/

A small % of the society holds most of the coins, just like with fiat money, it is easy for speculators to influence the price etc. It's not that other projects don't have similar problems. Look at the new story about master nodes. While the idea is great, it will only provide those with lots of money with more money (in order to earn you have to already hold an almost impossibly significant amount of coins/tokens).





140  Alternate cryptocurrencies / Altcoin Discussion / Re: 🔥Create quick reports of TWITTER-campaigns🔥 on: April 23, 2018, 02:14:16 PM
This is very interesting indeed, well done.
Do you plan to do something similar for other services as well, or just for this one.
If there was something for tracking, say, only the official announcements in telegram groups, that would be amazing Smiley
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!