|
261
|
Bitcoin / Bitcoin Discussion / Re: What is the collateral behind Bitcoin?
|
on: July 18, 2018, 10:25:40 PM
|
Bitcoin is neither issued by government/bank like fiat nor it is a form of credit to us so there is no need of collateral at all.
Bitcoin hold value based on people's trust over it and supply/demand of bitcoin drives the price. With growing demand and limited supply of bitcoin price is moving upwards if we look at long term charts.
Many experts that's why suggest to only invest what you can loss in bitcoin because it can be worthless in future which is quite unlikely scenario but its better not to take risk with all of your money.
In addition to this, bitcoin is only backed by a few lines of code. There's no real collateral. Bitcoin's price is determined by demand and supply and nothing else, just like Gold and other things that aren't made up from thin air. And why are you comparing a car loan to bitcoin? Makes absolutely no sense. Bitcoin is a currency, and you buy it just like buying any goods/services. Do they necessarily have collateral? |
|
|
|
|
262
|
Economy / Speculation / Re: What is Your ETF Expectation?
|
on: July 18, 2018, 09:47:05 PM
|
ETF news has been around for a while now. it started back in March with Coinbase. and the peak of it was in last week of June as CBOE proposal for a new ETF was presented to SEC and SEC was seeking comments on it.. if you take a look at 10 days ago topics on the forum you can see it was filled with topics talking about the big rise that was about to happen back then but never did. what i am trying to come down to is that this rise has nothing to do with ETF. maybe now that price has gone up above $7k and the news sites are hyping it again with somewhat of super positive attitude, it can start causing a rise from now on but so far it wasn't. so if it is accepted we can see a huge jump because it will be surprising and unexpected. but if it is rejected the negative effects shouldn't be that hard. But the future price can be affected by this. Because people are just starting to realize that ETF can cause a huge bull run and its a long awaited run. The price might have increased yesterday because of rumors stating Mt. Gox possibly returning some reimbursements to their customers in some ratio. I am excited to see how things are going to work out here. In both scenarios, if ETF gets approved or rejected. |
|
|
|
|
263
|
Economy / Speculation / Re: Will 2018 bitcoin amendment price be similar to 2014?
|
on: July 17, 2018, 11:58:34 PM
|
|
2014 was a big year, a lot of bad things happened. The markets were fluctuating way more than the usual. We are seeing the same now. All signs are proving that we are going through the similar phase that we had gone through back in 2014. But at the end, we might just have a good bullish finish, like 2017. The market rose by 10% today, we can expect a lot more in the coming months. Hopefully, someone won't mess up some shit, or some exchange doesn't get hacked.
|
|
|
|
|
264
|
Bitcoin / Bitcoin Discussion / Re: Financial Experts Are Still Excited About Bitcoin
|
on: July 17, 2018, 11:51:12 PM
|
|
Little bit go backlash here, back in 1929, the Great Depression happened. The stocks were collapsing and people were running out of money. FDR saved the US and here we are now. Stock Markets are still a thing. So if you really think crypto would die or people will start losing interest in it because it had a few bearish months , that's not gonna happen. People will have interest in it, as long as it is involved with money.
|
|
|
|
|
265
|
Economy / Economics / Re: Quantum cryptography imminent? White House earmarks over $1B for research
|
on: July 17, 2018, 11:47:20 PM
|
|
Quantum technology is much powerful than crypto, perhaps the most powerful technology to ever exist and its very risky. There's not much info available on quantum and even if there is, it's top secret. It's good that a lot of money is being spent on this, and once the real deal is out, everything changes forever. I might be talking from the movies point of view here. I watch a lot of sci-fi movies. But honestly if someone gets a break through on quantum technology, crypto would be literally out dated.
|
|
|
|
|
266
|
Economy / Economics / Re: Do you think Jeff Bezos will beocme a trillionaire?
|
on: July 17, 2018, 11:25:14 PM
|
Amazon has some very ambitious and futuristic plans for their future. The idea of delivering goods via drone was a concept they may have played a role in pioneering. Their recent acquisition of whole foods hints @ them pursuing organic foods for local markets in the future. They're selling plants on their website. Bestbuy and target have begun to emulate amazon in terms of them both adopting "free shipping". Walmart to a lesser extent has tried (and failed) to do the same.
Its too early to say what the long term outlook for amazon will be. If they will succeed in killing off their competition with their aggressive, predatory and innovative strategies to eventually centralize retailer markets and enjoy something like a monopoly in terms of having dominant marketshare. I think that even if they are successful @ dominating US markets they eventually will face competition from china who is attempting to do many of the same things amazon is, if in different sectors and to different customers.
Jeff Bezos is on the top 5 wealthiest list. I haven't checked but his net worth is likely tied up in the value of amazon stock. If AMZN appreciates to a high enough value Bezos could become an eventual trillionaire, at least in terms of net worth. I think it would require a substantial (and unlikely) amount of growth in the price of amazon stock for that to happen though.
Jeff Bezos is the richest person in the world right now. With a net worth of more than 130 Billion Dollars. Amazon also had this Amazon Go store, where people can just come and shop, and there are no cashiers or shop keepers. Everything is taken care by AI. This is something no one has done before, Amazon has succeeded because of a lot of things, one of them being live customer support. That is a big deal for me, because sending emails back and forth is time consuming and is literally useless. Will Jeff Bezos become a trillionaire? Mostly not. One trillion dollars is a lot more than you imagine. That's almost equivalent to 1/8th of total gold ever mined. A more realistic number would be 500,000$,and this will be years if not decades later. |
|
|
|
|
267
|
Economy / Speculation / Re: Market is Now GREEN, any underlying factor?
|
on: July 17, 2018, 11:14:50 PM
|
The whole cryptocurrency market is green with bitcoin , the leading cryptocurrency trading , bitcoin is at 7000 USD price. What is the factor that has caused the price to surge higher ?
I can think of two: Either it was because of Blackrock or because of the possibility that Mt. Gox just might give some reimbursements to their users. Sure no one can exactly say why the market became a little bullish today, but people can get pretty excited when they hear that they might get their money back.  |
|
|
|
|
268
|
Economy / Speculation / Re: Are you now going to hold when the market is red?
|
on: July 17, 2018, 11:07:15 PM
|
All of a sudden bitcoin jumped from 6.5k to almost 8k today. I believe those who made panic selling are very disappointed now. This is the reason why i said bitcoin investment is not only about risk taking. Am pretty sure no old member sold thiers at that cheap. Sometimes experience counts. Never think bitcoin is gonna die
You know it is always not panic selling? Its the day traders using their tricks, like selling too much at a loss, to worsen the market condition and then buy back, by nullifying the loss. I am surprised bitcoin rose by more than 10% today. Wish this goes on, but shit we all know that is not gonna happen. People don't like seeing others happy. Its not always wise to hold when the market crashes, its very subjective and you just gotta listen to your gut. |
|
|
|
|
269
|
Bitcoin / Bitcoin Discussion / Re: Simple Bitcoin Question
|
on: July 17, 2018, 10:57:40 PM
|
The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens. The word on the street is Bitcoin is a dead project. Will BTC death free all the markets or will BTC take down everything with it. Do people really believe that Bitcoin has a demand from institutions with all the manipulation and no adoption going on? How do we get all the norms to demand the supply and get a bull run going again?
Not everyone knows this, but bitcoin is still a Beta software. So it is not dead. People are still working behind it(core devolopers). Bitcoin cannot death free all markets. I don't even how that is possible or what it even means. This is so not a simple question but a stupid and a senseless question. The price of any monetary item is derived by demand and supply. So for a bull run, you need more demand than supply, which is likely to happen, but there are people who just send bitcoins from one address to another and fuck basic economics up. |
|
|
|
|
270
|
Bitcoin / Bitcoin Discussion / Re: Did Mt. Gox screw you over... Maybe not so much anymore
|
on: July 17, 2018, 10:41:40 PM
|
I stumbled upon this the other day: https://www.reddit.com/r/mtgoxinsolvency/comments/8uoa5g/do_we_know_the_total_amount_of_btc_claims_from/So not taking into account new claims from CR:
If Gox has 137,891 BTC and claims are for 795,329 BTC, then that means 17.3%.
So if we have a claim for 10 BTC, we should roughly get back 1.73 BTC (plus forks) on top of the $4830 (in JPY) (10 x $483), as part of the bankruptcy process that someone said is still part of the equation.
I guess this is why people in here are saying 15-18% of BTC claim, in addition to the JPY.
Nothing seems to have been confirmed at the moment, but the current proceedings seem to be infinitely better than $500 per Bitcoin lost. All things considered, this is probably the best case scenario for those affected. They definitely still got screwed though as they could have kept the full amount if this didn't happen. 1.73 BTC would equal 12,741.43 USD, and that is much better than the Bitcoins they had back then (10 BTC * 500 USD= 5,000 USD). I really hope Mt. Gox gives a little compensation at least to their customers. TradeFortress has returned and has started giving reimbursements for Inputs.io users, so should Mt.Gox, and they shouldn't be having the 200,000 bitcoins for these many years. They should done something at that moment itself, but they didn't. |
|
|
|
|
271
|
Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions
|
on: July 17, 2018, 10:22:09 PM
|
No way! I'd like to see Hazard play under Maurizio Sarri's system. I don't know much about him but I read his profile. He's interesting. He has no 'football pedigree' and was an exbanker and yet made a breakthrough football introducing ideas of his own. And Pep seems to respect him and his methods, so maybe he could bring something spectacular in the EPL.
Hazard did say that he has spent 6 years in this league and it might be time for a change. He would most likely end up in Real Madrid, as per the rumors, it would be interesting to see where Hazard wants to go. Is Higuain still in Juventus? I heard he went to some other league, but it looks like he's still in Juventus. Let's see if you're gonna like this Real Madrid without the guy who provided +40 goals every season for the last 9 years  And it seems like the signing of Hazard is getting complicated. According to the spanish media, Chelsea wants around 220m, which Real Madrid isn't willing to pay. IMO +200m for a 27yo is too much money. Dude,220 Mil is shit crazy. No club would pay that much. Its just bananas. Chelsea should be more realistic. Or they are just telling that they don't want to sell Hazard. |
|
|
|
|
272
|
Economy / Gambling discussion / Re: International Champions Cup
|
on: July 17, 2018, 10:06:18 PM
|
|
Since Juventus is in this cup, I am interested to know whether or not Ronaldo will take part in the games, mostly he'll take part in the later games.
Its going to be fun watching these teams play against one another, especially with the hot transfers and changes. It may not be as serious as CL but it can still be interesting.
|
|
|
|
|
274
|
Economy / Economics / Re: Paper Money - The Greatest Scam
|
on: July 16, 2018, 11:29:11 PM
|
I would say that paper currency is the greatest scam ever to enslave mankind.
Bankers charge interest for a thing which has been created out of thin air.
Dude, have you ever heard of scammy ICOs or something called tether? And fun fact: Even Bitcore is created out of thin air.  The paper currency gradually decreases in its value due to inflation over time.
So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.
Who said crypto is free from inflation? Who said that people will naturally move to crypto? They won't, not until fiat dies. Now the choice is yours.
Enslavery or Financial Freedom?
Think Wise and Twice.
You should word it as financial freedom or spending a normal life. Look, you cannot do anything without fiat. Fiat plays a major role in people's lives, not everybody accepts crypto IRL. |
|
|
|
|
275
|
Economy / Speculation / Re: If you think bitcoin is centralized and has no future..
|
on: July 16, 2018, 11:19:47 PM
|
People who parrot the same arguments over and over are really silly.
Bitcoin is valuable because nobody owns it and it has an incredibly track record of being secure.
>b-b-but bitmain
Yeah, Bitcoin is the most centralized right now than it has ever been. Currently.
As time goes on competitors enter the market and hardware gets better across the board. We're also reaching the point of diminishing returns on hardware for mining Bitcoin with the current algorithm.
If you think 2-5 years is a long time to wait for balance you probably shouldn't be in Bitcoin anyways.
I don't think you understand how centralization and decentralization works. Centralized usually means, those who invent it, control it. Decentralized means anyone can control it. Know what I mean? And about no one owning bitcoin: That's not true either. People DO own it, for it is currency. They mine it and they own it. The way you understand things,is misleading yourself. My ass. Most of the hashing power is currently related to bitmain and co, estimated at 50% of the total, even Vitalik Buterin pointed that out.
That doesn't change anything. And 50% is a little much exaggeration. |
|
|
|
|
276
|
Economy / Speculation / Re: Bitcoin jumps after report suggests BlackRock is getting serious about the crypt
|
on: July 16, 2018, 11:14:41 PM
|
4% is not bad,sure it is acceptable. Although, you can't be sure why exactly the price rose. There could be millions of reasons why. It just ridiculous how a small news can impact the Bitcoin price (positively or negatively) Can you imagine what could happen to the price if a day someone successfully hacks the twitter account of the Federal Reserve or IMF and start to tweet random tweets like "We're going to move 100% in cryptos, no more USD and EUR."
(BlackRock is a hedge fund right?)
That shit would be absolutely crazy as fuck. I hope that happens. And BlackRock is an investment firm/hedgefirm: https://www.blackrock.com/corporate/about-us |
|
|
|
|
277
|
Economy / Speculation / Re: Buy energy in Brazil with cryptocoin
|
on: July 16, 2018, 09:19:20 PM
|
|
I hardly think that this is real. Can you at least share what was in the email? Any links? No leads in google search, so it might sent to you for scamming/phishing or tricking you into buying something which isn't real. And also share the email to check if it is legit or not.
|
|
|
|
|
280
|
Economy / Speculation / Re: Reason to stay in this bear market.
|
on: July 11, 2018, 11:58:28 PM
|
We are in a bear but still there's a lot of reason why you should stay, and I listed some of those good things to stay calm and why you need to trust this market again.
1. Cryptocurrency can bounce back high in this current dump because of its own technology. the potential growth of this market is still 101%.
2. Bear market is normal, and if you look at any market after the dump there will always a rebound, where its possible to make a new all time high.
3. Now why some countries make bitcoin legal? Why some big personality invest in some project? Well, its simply because they saw a great potential for this cryptomarket, and you should too.
This may not help you to stay calm and stop panicking but try to imagine the market five years from now. Any thoughts why people should stay in this market?
If you're already invested in the market, you don't have much choices. You either stay or you lose your God damn money. That reason alone should be enough to answer why one should stay in the bear market and not be a dumbass panic seller. And just because you're in a bear market, doesn't mean you can't do anything. You can make some short day trades and get a quick profit. Think out of the box people. Get your mind out of the gutter and put it to some use. |
|
|
|
|
Show Posts
