Like I have said, Every time somebody tells you to "HODL", ask them to send you a check, so you an recover your losses, or ask them to send you some BTC, so you can sell and pay off your DEBT to BITCOIN.]]
LMFAO, who the hell will do that? If you know someone will do that please send me his information.  Are you out of your mind? If there is someone ask you to hold and will give you a return to your loss then everyone will invest without risk. All investment has a risk of loss the only difference is that if you invest on making your own business is you can lessen the risk percentage of your loss by making an strategic plan. If someone tells you to make money through gambling ask them to return your money if you lose while gambling. . Funny how some people think bitcoin is dead when clearly its way above where it was few years ago. Unless you got in last year or year before to ride the pump you would still be in profit. |
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What conditions are needed for profitable production?
And, do you know what place is best for all these items? Space!
1. Cheap electricity (preferably free). according to rough estimates, mining leaves of 1100 MW or 9636 GW⋅h (0,829, MTA) per year.
2. In space, low temperatures, which greatly facilitates the cooling of the system.
3. There is a lot of space and there are no taxes and rules yet.
And test this idea is not so difficult. It is enough to take a small mining farm to the ISS and see what happens. And in the distant future, perhaps, they will build entire orbital cities for mining.
How about that?
Do you think it can be implemented in the near future?
fun to think but it's not going to happen in your lifetime. It's costly and risky to put things in space but if it does happen it will be for those with deep pockets and your average miner will be left far behind the line. There are other issues which cannot be discussed in this thread but this is fun to imagine. |
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Most people would agree that it would be more beneficial for the price of a stock/commodity/currency to slowly go up, rather than continuously going down. Investors <short-term> are looking at a potential investment, where they can be motivated to invest more money into that investment, because the profit <carrot> is held in front of them, because the price is continuously going up. This is what happened prior to 2017 and that is why investors dumped large amounts of money into Bitcoin. <Back then, the price pattern showed a continuous upward trend> Now, with the price constantly going down, investors are sceptical to invest in Bitcoin and some short-term investors are pulling the plug. Even if you are not interested in Bitcoin as an investor and you are just buying bitcoins to use as a currency, then a continuous downward movement in the price is more heart breaking, because you are getting less value for the bitcoins that you bought the day or the week before. Even merchants hate a downward spiral of the price, because they will lose profit, if they are not using a payment processor to convert the coins to fiat currency. On the way down a lot of people panic and they sell at a loss and these people will lose confidence in the currency/commodity and they will never invest in Bitcoin again. We need a slow upward trend to get us back on track or this will go down in flames.  Yes, downward trend is not very liked by merchants or investors alike but most of them are used to it as it is something that happens in every market regardless of what it is. Oil/Forex can plummet with just one tweet by president trump so its not very reliable either but that doesn't stop people from investing and I don't see how downward trend is bad news for those who make money on shorting or those who were waiting for price to go this low before investing. I don't see people using bitcoin to make payments in short term but once you realize that your younger generation is getting more interested in things like crypto and bitcoin, you would realize that by next generation you would have more people using bitcoin as payment than ever before. Current issue we have is that older people are more attached to fiat as payment method since that's what they have been using since they were child but that is slowly changing and new kids are more tech savvy and familiar with bitcoin and related cryptocurrencies. |
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These are my predictions for the next 3-4 months.
BITCOIN needs to bottom out and shake off all the weak hands, were almost there but not quite.
Ethereum is a young unregulated project, which a few people took advantage of by building scam coins on and in return ruining it for all the REAL projects on the platform. Once these scams are deflated and they all go to zero or get shut down by the government, ETH will be used by real world companies. The SEC is barely getting started cracking down on these ICO's.
What are you thoughts?
Just like many others have said BTC has already bottomed out when it went below $6k and now it's just shake up. I doubt like others that it will ever hit below $3k and what we're seeing now is just shake up before it rises back up again. I'm not so sure about ETH or where it would go. |
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for those who are buying it is definitely a golden opportunity as price may not come this low for a very long time once the bull run starts, however, for those who are holding it may not be a golden opportunity since they're still waiting for price to recover. I think Lee is speaking for buyers as he is one. "As soon as Bitcoin crosses its 200-day, we know there will be a flood of money coming.” I agree with that sentiment of his. |
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The cryptocurrency is a product derived from the blockchain. Ethereum has promoted the production of cryptocurrencies, so I think Google can do this kind of work easily!
Yeah, you would think that they would've done this by now but no. I am sure they can benefit from blockchain just like any other business but I doubt their cryptocurrency will be widely available for public use as they would use it internally to track transactions and do other security related things. |
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We are 4 days from the last month of the year( December). There have been a lot of predictions of a possible bull run in December. The market prices are low right now compared to about two months ago.
Are you still positive there is going to be a bull run?
A lot of people may not consider it bullrun due to its nature of slow jump but I think we're gradually getting there but I'm not very sure how big of a impact it would make and not sure if it should be labeled as bullrun. |
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Its going to be hard for countries to own bitcoin and at the same time flaunt it for reasons such as
1. The era of buying so is graduay coming to an end and the issue of bitcoin ownership has been dispersed in the hands of individuals from the beginning which makes it difficult to legislate a law that would make it a state property unlike other natural assets such as gold, silver even crude oil.
2. Flaunting the ownership of crypto at this time would be seen as an affront on world powers which means ability to avoid sanctions in case of misbehavior. Doing this might even attract the unwanted attention.
that's true. I don't think this will happen anytime soon either since there is so much drama going on in global politics between countries and this would just increase that drama. It may happen in the future and I don't think era of buying is coming to an end yet but we may have to wait few more years for anything to happen. |
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I'm eager to hear thoughts from the community regarding this- which industries actually benefit from blockchain technology? More importantly, why?I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry. Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial. I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud? Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players. Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it. health industry is another big one that can hugely benefit from blockchain technology. It's much less secure right now and I don't think anybody wants their medical history out there in the open on less secure system. Insurance company etc can also use it to benefit and track transactions easily while being more secure. Pretty much any financial sector. |
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currently there is no space for development and reform when you talk about development and reform, what do you mean by development and reform? You mean we have to change this: " fanatic pow sect. " bitcoin is not crypto, altcoins are crypto bitcoin wants to become the worlds dominant world reserve currency so nope its not crypto and its not an altcoins its just a fanatic pow sect. this thread seems to me to be a political discourse and an ideological discussion all cryptoindexes and exchanges are corrupt as shit and there is no way to put them into a good direction we have few exchanges that are reliable and secure, but this is because this is a sector that is not yet regulated in all the countries of the world and still needs many improvements of services. but about corruption I do not understand what you mean, are you talking about the altcoins listing model? COINBASE, MT-GOX .... all exchanges are as corrupt as shit. Even coinbase still steals money from customers by double-charging purchases from linked bank accounts, .. Corruption is rampant in crypto because all exchanges were created by criminals from the beginning. Un-Regulated just means no-recourse, but that's what attracted these people to bitcoin in the beginning. I don't think you can list Mt.Gox as an example to say that all exchanges are corrupted. Why do you say all exchanges are created by criminals that's a big statement to make, any proof would be nice so everyone can know. I do believe all these old exchanges have started charging crap ton of money to list any coin and they've become more profit driven but you can say that about any business. |
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It seems to me that the bitcoin not only does not solve any socio-economic problem, but it creates new ones: there are many people who have invested all their savings last year, and now find themselves with nothing in hand.
Tragic.
I think those people would've found other places to invest their money if it wasn't in bitcoin. I don't think you can really blame bitcoin for socio-economic problem when you have a free choice to invest anywhere you please. to the op, I think it may help socio-economic problem with faster transaction and by cutting the middleman but there are other things that put country behind socio-economic problem which needs to fixed first. |
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Found an article purporting to prove that it does, but not sure if I believe: https://decryptmedia.com/2018/11/28/infographic-how-crypto-news-generates-fake-ripple-hype/Have always thought this, though—Ripple, according to the shittest of the shittest crypto sites, is literally ALWAYS "poised to rally" or whatever, and it never does. Yeah, it's the best performing crypto, but the hype that swirls around it (and other currencies) is, like, 90% fabricated. well may be yes but that is the business in crypto world. Everything gets hyped up in the news in order to increase the value of the market but then it dies down after few days. I don't think that's news and pretty common in markets where money is involved and there are people behind it who makes profit from it. I don't think many people read the news these days and more or so rely on social media. |
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Some people believe that the price of Ethereum will continue to fall to the price of 150 USD, before reaching that price Ethereum will not reach the best price or will not experience Bullrun, maybe soon Ethereum will reach the price of 150 usd, some predictions have been made by the crypto experts on this matter, that Ethereum will repeat the price last year before experiencing bullrun, and now the price will be fulfilled a little longer, are you sure about this? Because if yes, maybe we can buy now at a price that is still cheap
well I sure hope those people are correct but it's already below $150 and market is looking healthier than it did yesterday. I don't see how it could do it in the same month but may be we'll see some good news by the end of the year or before. waiting patiently |
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I'm not sure why so many people are complaining about it. I for one am happy that it's getting green and I hope it continues on this path. It may be dead cat bounce or not, we don't know but being optimistic helps.
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There is a whole section dedicated to bitcoin gambling which included sports betting. I have done it in the past and I've won due to luck as I placed a bet on losing team but it won in the end. |
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Yes, you can buy stuff on Amazon using BTC. There is a wallet called Ipayyou (it is 2 years old age now) that allows you to buy on Amazon using your bitcoins. The wallet has a featured called “Amazon Direct” that lets you transfer any dollar amount of bitcoin to use for purchases on Amazon. I might be mistaken but I think this is the only way, for now, to buy things on amazon using bitcoins. For more information check:https://bitcoinexchangeguide.com/ipayyou/ or visit : https://wallet.ipayyou.io/I haven't used their service but it seems they hold private keys which is little bizarre for sites like that. It is interesting if it works as people are always buying things from amzon but I would suggest that if you're first time buyer, don't buy anything too expensive, buy something cheap to try it to see if it works and how smooth transaction goes before you buy anything expensive. |
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I constantly here people say " Only invest what you can afford to lose" Well no matter where your wealth is it could crash.
-Invest in USD- USA could collapse and experience mass inflation making your dollars nearly worthless
-Invest in Bonds- Government could collapse making your bonds worthless
-Invest in real estate- Housing prices could crash, natural disaster could hit and insurance company could go bankrupt
-Invest in metals- prices could crash, asteroid mining could collapse prices
Your money is never 100% safe no matter where it is invested.
Yes, everything is an investment but certain investments are riskier than others. I would say most people would think of crypto as riskier than lets say metal whose price may not crash overnight, although it can but its less likely to happen. When you're investing you're taking a risk regardless of where you put it or not put it. |
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Prediction for 2020 bitvoin is worth 100k usd according to John Mc Afee, some observers agree with what was stated, Crypto currency experienced the lowest decline in 2015 and rose in 2017 estimated at 2021 all altcoins will soon reach their peak, its still anyone belive it, well Im not what do you think on this?
2020 is little bit too far right now and we should currently focus on this year or next year. John's prophecy was done for marketing purpose so I wouldn't take it too seriously and lets wait it out and see how it goes by the next year and then we can speculate where it will be in 2020. I hope it hits 100k but only time will tell. |
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There's really no month for crypto I think. Timing of the market like this would give you more risk than you might want to have. This is a bad notion or analysis to add as it could lead to speculation.
that sounds about right. If you time it and it doesn't go your way you will be very disappointed. It's better to just sit back and let it do its recovery which may take few months or more. |
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If you had bought gold from 1978 to 1982 you would have lost a whopping +84% of your money on gold, that's how volatile historically gold is,
Yet we're frequently told the world is coming to an end, that BTC is too volatile, yet on the other hand, we're told that GOLD is 'virgin marry herself' of perfection in a real asset.
BTC has many shortcomings, but it was 'FIRST' and that means a lot in the world of TECH, it always has and always will.
Let's look at the historical thing on 'First', back in 1984 there was Lotus 123, a spreadsheet for IBM pc's, it was the holy-grail of software, they were 'first', yet there was also visicalc on the early apples years earlier, so they really weren't first, but Mitch Kapor founder of Lotus said "If you want to be rich in the PC biz, you just need a garage, a computer and $5 million bucks" [ The joke here is the the $5M was for marketing, as that is secret-sauce of 'success' ]
The world of BTC isn't much different than early 1980's, today if you want to be rich in BTC, you need a garage, and mining racks and of course 'free electricity'. China isn't giving electricity away for free anymore so lots of miners have had to pull the plug, everywhere including Canada, and USA, even I have pulled the plug for time being, given that power cost/profit parity is now zero-gain, even in the GPU world for alt's. It doesn't pay to mine, the only thing that I see that pay's is running super-servers for alt-coins that pay you to run secure transaction servers.
Another thing said about 'TECH' is ...
1.) You got to be first
2.) You got to be the BEST
3.) You got to be the fastest
Well BTC was the first and it ain't the best, and it sure is HELL is not the fastest, thus there is lots of room for improvement, if your 3 of 3, then you become a billionaire, if your one of the three then its easy to make millions.
Today we're not even close to a "BEST" bitcoin clone, and we don't even have anything to consider as the 'fastest'
ETHEREUM is a fucking DOG, forget about it,
99% of all the shit, is a BTC clone, with virtually no added value to the software, a complete re-write, once the problems are well known will be required, to establish 2 or 3 above
I think in this area of "BEST", privacy/security should be considered as the TEST, as BTC is NOT private, it ain't secure, and it sure as hell ain't fast.
My personal favorite is ZEN/ZCASH world with maximum security, and especially the fact that they have 1,000's of secure & super-servers all over the world completely detached and encrypted, and the people hosting these servers get paid in crypto so there is an incentive, in BTC there is no incentive as mining is the incentive, but it doesn't pay to mine, so eventually the servers for transactions have no incentive to stay on the grid.
Everything is FINE folks, BTC is going to be just fine, but remember BTC is the end-all, be-all it was just first, and PEOPLE really need to be working on the next generation shit, and forget about putting band-aides on the geriatric dinosuar,
If certain people fud gold as much as they do to btc, gold wouldn't cost what it costs today. I think it's silly to compare gold which has its purpose to bitcoin which is ultimately a digital currency that has different purpose than gold. Fair comparison would be other cryptocurrency who aren't doing so well either. |
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