Bitcoin Forum
May 03, 2024, 09:12:02 PM *
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 »
61  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin Ledger on: February 22, 2018, 06:32:19 PM
When I click through to the link it doesn't show me anything. Hopefully you can find a way to share this because honestly it sounds awesome and like something I could really use.

Right now I keep a weekly record of my holdings and their value but I do it all manually via excel, this is after failed attempts at using apps like blockfolio. If I could have something on my PC that does most of the work automatically that would be truly great.

If you take serious time out to update it with all existing coins and the new ones added you could get a big userbase and monetize the app with ICO advertisments for example. Goodluck.

Too right, you wouldn't be able to charge a lot if you did monetize it in that way and so ad revenue would probably be a better route but if you can make it work then it would be very valuable to many. I've always been really surprised that coinmarketcap doesn't have a feature like this.
62  Economy / Speculation / Re: Samsung, Apple, ASICs and mining on: February 21, 2018, 06:40:01 PM
I wonder if it will lead to decentralisation of mining. If home mining is affordable again, then it may revive a cottage industry in mining.

As mrbnson said it will lower entry costs and that could result in a much larger number of people mining. I feel as though large mines will always have an advantage in terms of access to the best tech at cheap costs as well as ideal locations to maximize efficiency and reduce costs but an introduction of more affordable tech could move the trend back towards a cottage industry for at least a while.

As long as home mining is affordable and profitable people will do it, even if it's not as profitable for them as it is the mega mines. Any trend back towards home mining will help in many ways as the supply of bitcoin won't be controlled so much by a few entities.
63  Economy / Speculation / Re: Now or later? on: February 21, 2018, 06:35:32 PM
Most of us will tell you bitcoin is a good investment but we aren't speaking from an unbiased place. Please understand that Bitcoin is not a sure thing as some others in this thread have suggested. You can lose and lose big, you could also gain and gain big. The point from that being that you should not invest more than you are able to lose.
You are quite right. Bitcoin is a gambling game only for people who know nothing about it. Do not understand the rules of the market, which affects the growth and fall of currencies and more.

Bitcoin is a gamble for all of us, anyone who thinks otherwise is foolish. There is definitely an element of skill and knowledge but no one can predict things with certainty and hence it is a gamble.

The difference between those that understand the way the markets work and those that don't is this:

- the ones who understand are taking educated gambles with positive expectations (effectively like the house in a casino)
- the ones who don't understand are simply guessing and will end up with a negative expectation (these guys are the punters)
64  Economy / Speculation / Re: Now or later? on: February 20, 2018, 08:45:56 PM
Most of us will tell you bitcoin is a good investment but we aren't speaking from an unbiased place. Please understand that Bitcoin is not a sure thing as some others in this thread have suggested. You can lose and lose big, you could also gain and gain big. The point from that being that you should not invest more than you are able to lose.
65  Economy / Economics / Re: Do bitcoin millonaires deserve their wealth? on: February 19, 2018, 06:57:54 PM
Do oil tycoons deserve their wealth, or people who bought shares in early web based start ups such as amazon? There are countless examples of people getting rich from being in the right place at the right time or for backing the right horse. Of course they deserve it.
66  Alternate cryptocurrencies / Altcoin Discussion / Re: The opinion about some ICO on: February 17, 2018, 10:20:49 PM
Most of these offer benefits to long term holders and it's a good strategy to avoid ICO flipping as such. That way they're more likely to attract people with real interest in the project.
67  Economy / Speculation / Re: Bitcoin looks above $10K, may resistance await ? on: February 15, 2018, 06:12:13 PM
The next strong resistance will be around 11.5k and then 13k. I didn't think that 10k would fall quite as quickly as it did, the resistance at 9k was tough to break down but 9.5k and 10k were strong resistance points that fell quite easily. We definitely can be entering in to a strong bull run
68  Bitcoin / Bitcoin Discussion / Re: What is the main reason Behind Crypto Ban From Many Countries? on: February 14, 2018, 06:42:23 PM
1. Money laundering/corruption that also goes in with cryptocurrencies that is much harder for governments to identify and stop compared to when FIAT is used.
2. Taxes are much harder to be levied and much tax revenue is lost.
3. Pressure from corporates to stop their competition/fear of the unknown.
4. Price manipulation (it's possible, I don't personally believe it)
5. Protecting investors from the many scams and such within the market.
69  Economy / Speculation / Re: Why does the value of Bitcoin dramatically decrease? on: February 13, 2018, 07:24:44 PM
In November/December we experienced some of the biggest growth we've seen in bitcoin and many would argue that it was not sustainable and a correction was due. I think we can attribute most of the initial fall to that, say from 20-13k.

After that we had a wave of mostly bad news, some true, some not:

- South Korea to effectively ban all cryptocurrencies (not true)
- China to limit access to all foreign cryptocurrency sites through their great firewall of China (not true)
- Facebook to ban all adverts on cryptocurrencies (true)
- Lloyds bank to stop accepting credit card payments for crypto transactions (true)
- India to ban cryptocurencies (not true)
- Senate hearing on cryptocurrencies (turned out to be positive but many feared it would not be)
- Chinese new year leading to much funds to be withdrawn from the market to fund expenses
- First round of futures contracts ended

I have probably missed many other things that happened in January because it really was a lot but this will give an idea. All of this leads to great FUD in the market and people sell low and whales take advantage of this to push the price lower so they can stock up.
70  Bitcoin / Bitcoin Discussion / Re: Without Bitcoin, Life Will Be Boring! on: February 13, 2018, 07:19:52 PM
Many will be in a similar situation where they will find themselves to be lost for a while. It's advisable for anyone who is heavily invested in to bitcoin/crypto to look to have other interests and revenue streams that they can put more time in to if such a scenario as you described were to happen.
71  Economy / Economics / Re: US senators undecided in their attitude towards crypto-currencies and their regu on: February 12, 2018, 06:11:27 AM
A level of uncertainty and skepticism is healthy and right for Senators to have. What's important is that they realise the potential of cryptocurrencies and stick to the 'do no harm' approach that was mentioned. As long as they do that then any direction they choose in terms of regulation will be accepted within reason.

They do not have to necessarily believe in cryptocurrencies themselves but be willing appreciate that others do and it's their duty to ensure that their citizens interests are considered.
72  Economy / Economics / Re: Why we need price crashes and panic selloffs on: February 12, 2018, 06:06:41 AM
Are you blaming the crash on newbies? The bigger issue are the people who control and are better able to manipulate Bitcoin. Assuming there are such entities, which I think there are. These are the people that dictate things.

Read the post properly, and you'll understand what OP is talking about. To cut a long story short, weak hands need to liquidate their positions (preferably below the point they got in) to allow the market to grow further afterwards, and for that to happen we need crashes and corrections every now and then. In other words, whether a crash has been initiated artificially, or due to the market being overbought, it is a very healthy occurrence helping the market forward in the long run. This way, the bottom after each next crash will always be higher than the previous bottom, and this trend is something we have experienced consistently throughout the years. Great and spot on observation by OP.

It's a case of there always needing to be a fresh supply of people who are willing to buy at a higher price and less people who are willing to sell at a higher price. If we still had the majority of people who got in to bitcoin at under 1 cent then they would almost certainly be willing to sell at the current price, at least a large portion of their holding. We need those bitcoin to be moved to someone who is willing to pay a higher price and will want more before they sell.
73  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto in infancy on: February 11, 2018, 10:51:06 PM
Crypto is still very confusing for most and it will take time for that to change, firstly there needs to be a willingness from the general population to begin to learn more about cryptocurrencies. They're only going to do that when they have a reason to do so, that'll either come when they're forced to or when it's financial beneficial for them to do so.
74  Alternate cryptocurrencies / Altcoin Discussion / Re: is it safe or risky to invest in Doge coin? on: February 10, 2018, 04:46:33 PM
Are you really going to invest with a dead coin for about 2years? a coin which is created as a meme coin which the developers are incative a long time ago and no current developments?It is better to give your money to a charity than investing it to doge coin because it is worthless coins which wont have any developments in the future.

Still it's one that has grown quite considerably in value over those 2 years so it wouldn't be the worst investment ever. Certainly there are better choices out there but DOGE gets too much hate, yes it's a joke coin but it's stuck around longer than most coins.
75  Bitcoin / Bitcoin Discussion / Re: What do your think of Chairmen Chris Giancarlo on: February 07, 2018, 07:31:25 PM
Any figure in a power of position in terms of financial regulation has great power to influence the future of cryptocurrencies. To have someone speak in such a logical and fair manner is refreshing, too many of his peers are afraid of change and ultimately will stop the progression of technology which is exactly what he said he does not want to happen.
76  Bitcoin / Bitcoin Discussion / Re: binance exchange scam warrning on: February 07, 2018, 07:28:40 PM
third there colors pink and green to make u more nervous to make you rush into wrong decisions....


Okay generally this whole post seemed like a load of nonsense but this really took the biscuit. What on earth has that got to do with anything? I also think you'll find that it is red and green just like every other exchange.
77  Economy / Economics / Re: Losses in 24H Dow $300 billion Google $40 billion 500 richest people $114 billio on: February 06, 2018, 07:57:30 PM
In absolute terms the losses are greater and even amass to almost the size of the whole crypto market right now but in percentage terms it's not even close to being comparable. The same way if you lose $1000 it might not hurt you but to someone else that might be everything they have.
78  Economy / Economics / Re: Good News vs. Bad FUD (How these affect markets?) on: February 05, 2018, 05:23:11 PM
It is very unregulated market which is very revolutionary and will change all the traditional sytems including banking, even maybe governments in some aspects so it is very vulnerable to fuds, I think in the future, fuds have less effect on the market.

With anything, as crypto continues to grow (I don't mean in price terms) it will only lead to more stability in the sector. While it's new it is still really vulnerable to bad news as people are unsure if it will ever actually make it and be adopted on a mass scale. Let's not forget that even the biggest technological revolution of the last century (at least in my opinion) in the internet still faced huge adoption issues and challenges. People are always adverse to change and so they need to be shown time and time again that they need something before they begin to accept it.
79  Economy / Economics / Re: How can you manage potential losses during a crash on: February 04, 2018, 06:23:17 PM
A lot of day traders try such a strategy but the danger is always that the market recovers rapidly and then you miss out on that because you've just sold looking to rebuy back at a dip. If the strategy pays off it's great but it's a big risk to take.
80  Economy / Economics / Re: Mining BTC after 21M on: February 03, 2018, 05:48:39 PM
So it is year 2024 and the max BTC supply is reached at ~21M. 

Wrong. We will be there approximately at the year 2140. The bitcoin as block reward or subsidy halves every 4 years that's way it will take much longer than you think.

Will it be economical to continue mining BTC going forward?

Hard to say but someone should've discovered something that would make the production of electricity cheaper. And also someone should've made something significant in making mining more efficient.

Is it possible that the S/W for BTC may be augmented to a semi POS type of system?

Not sure how to answer this but I doubt this will happen.

This may sound foolish but given difficulty can be scaled upwards can it not also be scaled downwards, if we reached such a scenario where mining was inefficient could the difficulty not just be reduced so that it is then more efficient?
Pages: « 1 2 3 [4] 5 6 7 8 9 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!