I think Ethereum is gathering power right now and it's going to make a big explosion soon. It just need a few technological improvements.
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If all ICOs were SCAM, we would see no more than 15-20 crypto money in coinmarketcap today. ICOs are still very new and a vast majority are in development. In the future, some will be successful in the project and crypto money will be valued. Others may be absent.
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its actually deeper than supply and demand. when you take in the cost of acquiring bitcoin. and then thats the underlying value no one would be willing to sell below because they wouldnt ever dream of selling for less then they acquird if for.
its then where people speculate a profitable PRICE above bottomline costs which they would sell for. and thats the speculative PRICE above value. read my post above to explain that part known as 'value' (bottomline acquisition cost)
I think anyone who needs money can sell Bitcoin from cheap. Just like with other products. Another element of cost, another element of cash, but I still respect your opinion. But when we talk about the demand and supply of iPhones, Dollars, and IBM shares, we are talking about things of value which exist outside the place(database) where the information about these things exists. There is no demand for number 5 in a database, where this database represents the number of iPhones in a warehouse for e.g. The demand is for things(iPhones) which are actual devices, and which exist outside the database. So, the demand is for an actual thing, while number in a database is just a symbol that quantifies that thing. The same is true for Dollars or IBM shares.
Bitcoin on the other hand, is not an actual thing outside the database. It is just an entry in a database that points to another entry in the same database. One entry is a number written in numerical symbols 2 for e.g., and another entry is the same number written in alphabetical symbols bitcoin or BTC. And of course, there is no such thing as a demand for symbols in a database. What you have in the world of Bitcoin is not demand and supply, but the modification of an entry in the database when someone gives things (iPhones or Dollars) for free. On the other hand, when supply and demand meet in case of iPhones and Dollars, the modifications in store's or bank's databases are just numerical evidences that people exchanged actual things (iPhones for dollars and vice versa). And of course, these things exist outside the databases. So, there is no such thing as demand and supply in the world of bitcoin, but instead, all there is is giving your stuff for free and recording that fact into a database/public ledger/blockchain in the numerical form.
I don't agree with what you say. As you say, Bitcoin is out of the system like other examples, the comparison is not correct. So we shouldn't compare these other examples with Bitcoin. But there is, IBM share whatever Bitcoin it is! You need to think of Bitcoin as a currency like USD. If you don't have enough demand behind the USD, it will be as valuable as a piece of paper. Bitcoin doesn't have the same demand, it's just a coding in the virtual world.
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You gave us a very good example. But there is one point that is overlooked. What determines the value of iPhone, Dollars, or IBM share? You have to think about it. There is an issue in economics. Demand and supply! The value in the market is where these two meet. So, you can handle the value of Bitcoin in this way. For example, I will not sell my Bitcoin without $ 50,000. If everyone thinks so, the price rises until the buyer offers $ 50,000.
I give you a different lookout. Whatsapp doesn't produce anything and when you look at it, there's nothing material about it. But they are making huge profit year by year. After Facebook purchased, their profit getting smaller but there are so many example like Whatsapp.
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I wonder when that fork job will end. The number of successful is very small. Maybe not at all. I don't even trust Bitcoin Cash.
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If significant progress is made and mining becomes widespread, demand will increase automatically.
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Obviously the aim of the strategies should be profit. Profit sometimes comes with HODL, sometimes with trading. It's important to move right at the right time.
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I don't believe them, of course. I don't think anyone can predict BTC price movements because none of those predictions has ever come true. So, I don't take their blah, blah, blah too seriously. It's not about believing or not what they predict; I usually listen to "expert" forecasts just to consider alternatives that might not occur to me. It's just like a game for my imagination I do not think anyone has any idea about the price of Bitcoin, including "experts"! Everyone tells me how he wants it. So empty conversation.
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Unfortunately, the crypto money world has become the target of frauds. Every day they find a way to themselves.
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Bitcoin had a lot of negative news every day when going to 20K. But the price was still rising. Well, good news comes up every day nowadays, but the price is falling.
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This is one of the nicest parts of Bitcoin. If someone does not know your address, no one knows how much money you have. Bitcoin can be preferred instead of banking.
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I saw last year that one altcoin increased by 1500% per week with my own eyes. So you never told me that it would never happen again. There's always this potential.
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Her altcoin gidemez. Bir çoğu sıkıntılı zaten onlar için sıkıntılı süreç başlayabilir ama bunun da ETF ile alakası yok bence. ETF şimdilik sadece BTC ile ilgileniyor. Tüm kriptoları baz almıyor.
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Ripple gibi bir coin görmedim. Fiyatı yükselene kadar satın alan herkesi pişman eder. Sonra öyle bir yükselirki almayanı da pişman eder. Sonuçta herkes pişman olur. Piyasaya ilk girdiğimde bir arkadaşım ne yaparsan yap Ripple alma kahreder dedi. Dinlemedim aldım. Yarı fiyatına kadar indikten sonra sinirlenip sattım. Oradan da 20X yaptı. Pişman oluyordum ki halen düşüyor. Bence hiç kahretmeyin kendinizi durduk yere.
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Konuyu açan arkadaş dahil, kimse açıp tam okumamış.
Adam sadece Ethereum ve Bitcoin demiyor ki, de bağlacı var orada, bitcoin ve ethereum da dahil olmak üzere tüm coinleri kastediyor ve devamına da ekliyor, "Proof of Stake" mantığının daha iy olacağını düşünüyor.
Geçmişte de, çok fazla elektrik sarfiyatı olduğu için madenciliğin bu teknolojiye zarar verdiğini söylemişti.
Konunun özü bence de bu. Elektrik tüketimi bu düzeyde oldukça kriptoların geleceği sürdürülemez. Madencilikle ilgili yeni bir şeylere ihtiyaç var. Bir gelişim bir değişim. Para kazanmak adına yapılan bir işlemde kazanacağınız paranının %90'ını bir gider kalemi olarak ele alırsanız bu hoş olmaz. Madenciler için yeni bir şeyler olmalı. Ya daha önceden konuşulduğu gibi tekrar blok boyutları büyütülecek ya da yeni ve daha az elektrik tüketen cihazlar bulunacak.
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I do not need to defend a person who brings something so useful to human life. He said everything he had to say with what he already did.
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So far I have heard very little price estimates from experts. speculators usually speak a lot.
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My mind is not a better option than Ledger. Ledger is both safe and physical. Buy one Ledger and relax.
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The price of bitcoin has always done similar things at certain intervals. Bitcoin price for 3-4 months at 6K levels. It came out from time to time but it did not fall under this level. So the price of Bitcoin is not really a problem. It comes up and comes back.
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Certainly if a coin of HODL is to be made, it must be Bitcoin. Bitcoin price will definitely rise...
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