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1061  Economy / Speculation / Re: Why the Bitcoin Bubble Burst is Good for Crypto on: February 06, 2019, 07:34:39 AM
it seems like some people are always way too late to the party and never fail to be late! at this point talking about bitcoin bubble and its burst is like talking about ancient history that has been long over and concluded. we are 85% below the bubble ATH for goodness sake. and yeah it was a good thing for bitcoin when it happened and those of us who knew better were saying it ever since.
now is the time for talking about how accumulation is good for you when price is still low and near the bottom although it may not be the lowest price.
1062  Economy / Speculation / Re: Bitcoin Market Analysis (Price Action). on: February 06, 2019, 06:51:38 AM
drawing two arrows going in opposite directions is barely an analysis Wink

and regarding the drop i have to say they don't come out of nowhere. at this point there needs to be another strong negative reason for it to drop otherwise it can not. and the support is not at $2915, but instead at $3000 because of the psychological barrier more than anything else and if that is broken we might either see a panic that can drop the price to low levels that you said or we might see a FOMO (another form of panic but in buying direction) like previous times that people see a lower price and start a buying frenzy in which case price can start rising up even and not go any lower than $2900
1063  Alternate cryptocurrencies / Altcoin Discussion / Re: The influence of Ethereum hardfork its marketcap. on: February 05, 2019, 07:35:18 AM
This HD was delayed until the end of February, but I remember that at the time this thread was created, there were strong movements in prices and people were with several possibilities on hand! This intention will return in a few days again, if it is successful and accepted we will see new things with regard to PoS, but it is something unforeseen to predict, in addition, the HD will happen next to an expectation of Bull Run, until there the Better to do is be prepared.
What is the latest news on it? Is it postponed to the end of February or it will again be postponed? Without a bullrun, nothing good will be seen after the PoS implementation, in my opinion. Because it will not a lot of value to ETH but it's true that PoS is better than PoW.

PoS is worse that PoW and is probably the worst algorithm among all the algorithms out there that cryptocurrencies use.
as for the rise, i don't think we can expect a bull run (or more correctly a big pump) because of it because last time they announced it and people were hyped up the price didn't really go up that much. we only saw a very small pump which failed soon as the whales started dumping it and getting out.
1064  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Poloniex still safe to trade? on: February 05, 2019, 07:11:10 AM
safety has different levels when it comes to exchanges. there are no exchanges that are actually safe so all we have are unsafe exchanges some less safe than others. when it comes to Poloniex, they used to be a good exchange back in 2014-2015 but as they continued to grow, their service quality continued to decline and as in 2017 when they started having a lot of issues people started leaving that platform for others places.

to answer your question, if you look at the exchange volumes you can clearly see that Poloniex which used to be rank #1 in volume is nowhere near the top anymore which proves people aren't using it anymore.
1065  Economy / Speculation / Re: Is 2019 the new 2015? on: February 05, 2019, 06:57:09 AM
It seems so. A recovery may occur only by 2020 or 2021.
Its hard to tell yet since we have access on a limited trend for 2019, meaning we still have more months to go before to confirm it. 2019 can be a possible sideways trend but I still hope for a more powerful uptrend. The hype can happen again, just make a new development and we will go high again.

price doesn't have to reach the previous ATH for it to be considered in a recovery. what you are talking about in 2020 is the ATH being hit and a new one being set not the recovery itself. the recovery will happen this year for sure. the drops can not go on any longer since they have gone on long enough, you can't really expect price to drop 99.9%!!! we already have about 85% drop. and the sideways may continue for a while but they also can't go on forever. and they also have lasted long enough

Why can't we expect the price to drop so much?

for the same reason why you can't expect the price to continue rising without a stop and reversal. at some point after the rise from $900 to $20000 it had to stop and come back to the balanced level. and now is the same, it has to go back up to go back to balanced levels.

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Many altcoins including the top ones have dropped over 90% already (e.g. Litecoin has fallen 17 times from its ATH to its recent low). But how will Bitcoin be much different from them if things turn really bad for it?
are you seriously comparing shitcoins that drop 90% and more to bitcoin?!!
they drop because they are pump and dump and have to drop because their value is fake and purely based on speculation since they have no other usages in real world.
when bitcoin drops, it still has the real usages in real world so there is additional demand on top of the speculations.

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3k is still a huge price from any point of view (other than looking at it from the 2017 highs) and there is a lot of room below, so to speak. I hope it won't be like that but saying it is impossible is not a good way to go in both trading and investing
just because 3000 is a big number, it doesn't make it a high price. what's next? you are going to say $312000 is too high for Berkshire Hathaway price and it has a lot of room to go down?!!
1066  Bitcoin / Bitcoin Discussion / Re: US Government becoming friendlier to bitcoin on: February 05, 2019, 06:47:18 AM
The Token Taxonomy Act presented by Representatives Warren Davidson and Darren Soto will help bitcoin and cryptocurrency get acceptance for massive adoption. Share your thought.
Is this a bill that will not recognize cryptocurrency as securities and therefore, if it is adopted, will the SEC no longer have any relation to cryptocurrency in order to establish its not quite logical and rigid rules? I am certainly for such a bill. Maybe after that, bounty hunters will no longer demand to undergo a KYC check.
Only in the topic you need at least a little to describe the essence of the issue under discussion or to give at least a link to the source.

SEC is not involved with cryptocurrencies and decisions that are made about them whatsoever. with or without any law they are still irrelevant. all they do is they can accept or reject things that concern them such as ETFs and similar things that fall under Security and Exchange Commission.
1067  Bitcoin / Bitcoin Discussion / Re: What aims have you lost your funds so far in crypto? on: February 05, 2019, 06:36:47 AM
Back in 2017 I believe we have lots and lots of millionaires and billionaires in the crypto atmosphere,
you have no way of knowing that. not back then and not now. this is simply your guess.

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ICO no longer paying up,
ICOs have always been bad. and that is why they have always failed no matter what they initially gave you. some of them started at the peak of the hype so obviously they were better "bets" than others but they all end up dead eventually be cause of their uselessness.

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funds get missing either on Exhcangers site or investment. I believe we have lots of encounters in lost of funds Now what is your own side you ever lost your funds?
you don't lose your funds for no reason! you have to get hacked. and although hacks are common but it is not like they are happening every day!
1068  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the ICO culture dead already? on: February 03, 2019, 06:25:45 AM
there has never been any "promising ICO" to begin with. there has only been useless projects with shiny advertisements that fooled people into giving them their money! and a design that works on gullibility of people can not go on forever. this type of strategy has a limited time of succeeding before everyone starts learning and realizes that they shouldn't trust strangers with candy in the back of their vans.
1069  Alternate cryptocurrencies / Altcoin Discussion / Re: Maximize the chance of return on: February 03, 2019, 06:09:40 AM
creating a big list of shitcoins that you bag hold is not called creating a "portfolio". a real portfolio is something that you use to diversify your investment and for diversification to work you have to invest in assets that have low risks and are not connected to each other. but when you buy shitcoins that are going to get dumped as soon as the market-wide dump begins, then it means you do not have a "portfolio" and you were fooling yourself.

not to mention that when you have many shitcoins in your bags, dumping them fast becomes impossible and the price drops happen fast and big and before you can turn your head you will be in at least 30% loss. and then the dump stops making you feel safe to give up the late sell and then another 30% is lost. and so on until you are in a total of at least 80 to 95% loss.
1070  Economy / Speculation / Re: Bitcoin Analysis: Are We Going Up Or Down? on: February 03, 2019, 05:59:14 AM
I don't know if bitcoin going up or down, but as you can see in the chart looks like it will going down, but it can go up anytime. Well time can tell when will pump the bitcoin price.
No doubt. It's quite long time Bitcoin price fails to remain above $3500, most likely to reject that level. But, anything is possible so far there is no parameter. Bitcoin is completely unpredictable likely possible anything would happen in just overnight.

there is nothing significant about $3500, it is just a random number and going up and down above and below it is just the daily changes or fluctuations of this market which are also meaningless. what matters most is the major numbers that shape up supports and resistances. in current state the $3000 and $4000 are the support and resistance respectively and if we break either of those then it becomes important.
1071  Bitcoin / Bitcoin Discussion / Re: Future of Bitcoin on: February 03, 2019, 05:51:05 AM
I agree with most of the things you say in this topic. If PoW continues in bitcoin, it is surely going to die, PoW already uses too much power and pollutes the Earth a lot if it grows exponentially
When the fees were 10-20$, that sucked so much. The people I told bitcoin about it were pretty bummed that they had to pay 10-20$ to send a transaction

PoW is not going to die soon

But if Bitcoin really aims to become a world money used as a universally accepted means of payment as well as a store of value, the PoW is simply inadequate for this purpose in mind. And it is not so much about waste of energy (though it is an important factor and concern on its own) as about too much power being concentrated in too few hands. I refer to miners here. Bitcoin is said to be about decentralization but Bitcoin mining as we know it today is anything but

you are wrong about mining being centralized because you are confusing mining pools being in a small number with actual miners with mining hardware which are in the thousands and are from all around the world so it is decentralized.

as for PoW, i agree that it is not perfect but compared to all the algorithms it is the best thing that we can have. the flaws in others are more so the downside is worse. as a result unless someone comes up with a decent algorithm, PoW is not going anywhere and it has nothing to do with power consumption.
1072  Alternate cryptocurrencies / Altcoin Discussion / Re: All ICO driven altcoins will drop to zero in the longterm. Just by logic. on: February 02, 2019, 06:04:40 AM
1) Because they are not securities. You donīt own any shares of the companies. You don`t get any dividends from their gains in the future (if any of them has the capability to earn FIAT money in the future).
not at all. having shares in a company doesn't change the fact that it is failing. imagine a company (a real company not some dude calling his parents' basement, his company) that is on the road to bankruptcy because of bad business logic, if you buy the shares of that company, the company will still go under and the shares will be worth zero.

you see calling it "security" doesn't change the important fact that ICO tokens are useless! and that is why they will  drop to zero eventually.

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3) Point 1 and 2 are not clear for many users here ... Itīs a big pump and dump scheme. Greater fools theory, not more not less.
that is not how pump and dump works. the profit the ICO scammers make is party from pump and dump though. but the main thing about them is that free money they receive in a blinking of an eye without doing any actual work. about 95% of the ICOs are copy of the same code with a different name!
1073  Alternate cryptocurrencies / Altcoin Discussion / Re: The Real Solution to Dumping on: February 02, 2019, 05:53:24 AM
you first have to ask yourself "why do people dump"? then you can easily figure out what the solution to that is.

the answer is pretty simple, people dump things that are useless and altcoins, specifically the ICO tokens, are useless. everyone only bought or received them as a way to make some quick profit and when they make that, it means they have already reached their goals. so there is no reason for them to keep holding something that has served its purpose. hence comes the dumping.

what is the solution? start creating something that is useful instead of useless shitcoins.
1074  Alternate cryptocurrencies / Altcoin Discussion / Re: XEM team scam peoples for millions of dollars on: February 02, 2019, 05:47:48 AM
the team selling their premined shitcoin bags is not when the scam happens. them selling is only the time when everyone opens their eyes and see the reality. the real scam happens when you willingly buy that premined centralized shitcoin on your own without anybody forcing you to and then you decide to bag hold it while ignoring all the risks and all the warnings that others give you about that shitcoin!

this is happening every day in the altcoin market with a lot of altcoins, specially the top 10 altcoins but nobody listens until they get dumped on and see the reality.
1075  Economy / Speculation / Re: Is 2019 the new 2015? on: February 02, 2019, 05:27:20 AM
It seems so. A recovery may occur only by 2020 or 2021.
Its hard to tell yet since we have access on a limited trend for 2019, meaning we still have more months to go before to confirm it. 2019 can be a possible sideways trend but I still hope for a more powerful uptrend. The hype can happen again, just make a new development and we will go high again.

price doesn't have to reach the previous ATH for it to be considered in a recovery. what you are talking about in 2020 is the ATH being hit and a new one being set not the recovery itself. the recovery will happen this year for sure. the drops can not go on any longer since they have gone on long enough, you can't really expect price to drop 99.9%!!! we already have about 85% drop. and the sideways may continue for a while but they also can't go on forever. and they also have lasted long enough.
1076  Bitcoin / Bitcoin Discussion / Re: Can bitcoin sustain itself on fees alone? on: February 02, 2019, 05:13:59 AM
there's a pretty strong correlation between fees and price: they rise together. evidently, people have been willing to pay what the fee market charges.

there used to be a correlation between fees and price back when fees were introduced and started becoming a thing. at first price was so low so the fees were high, something like 1000k-100k satoshi. then as price went up the fees went down to match the price to something like 10k satoshi fixed and then to lower amounts. then at some point since the blocks became full instead of fees being in accordance with price, they started becoming a tool of competition.

and that last part plus the spam attack was what happened in 2017.
1077  Economy / Speculation / Re: Seems to me Bitcoin is getting over the bear sh*t on: February 02, 2019, 05:07:13 AM

In all, I can say that the drop in the last 24-48 hours could've been scary but it got a support.

Nah, it's just the usual dump on weekends, but we have a strong support along the $3000-$3200 so it didn't go that low. Right now the price is on the green so nothing to be worried.

Maybe some good news are incoming, we can't be sure for now but in general i was happy for the last 24 hours. Let's see what the coming weeks also have for us.


Good news or not, the price looks solid to me, maybe the bears is at the point of exhaustion so I don't see a dramatic drop or even hits another all-time-low.

it is not a "dump" when the drop is  very small. and what we had in the weekend was a tiny drop and from $3500 to $3200 is considered fluctuations not even a drop.
with that said i agree with the fact that the market looks solid right now although it also has a lot of uncertainty in it. since many investors are still scared of the manipulation that has gotten us here and want to come back in when they can feel the safest. all we need now is a rise above $4k to kick start the rally as everyone rushes back in.
1078  Alternate cryptocurrencies / Altcoin Discussion / Re: Spread or Consolidate? on: January 31, 2019, 07:45:52 AM
neither. you should instead "close your portfolio" because what you have is not really a "portfolio" you have the same thing with different names that is moving as one and you are not only not decreasing the risk you are taking but instead you are increasing it by having many different altcoins!
when the dumping comes, you lose all your money and you have no way of preventing that because they all dump together and they dump big and fast and unless you are holding all the shitcoins on exchanges (which is not wise) you won't be able to sell.
1079  Alternate cryptocurrencies / Altcoin Discussion / Re: Samsung Galaxy S10, Blockchain Keystore Ethereum Wallet on: January 31, 2019, 07:39:03 AM
this has been a fake news for the most part. what Samsung has been doing was that they have been getting into the blockchain technology world and may possibly start producing many cryptocurrency related stuff. that news has been abused by trolls online and has turned into them creating an "ETH wallet" which is an outright lie, specially since the picture that has been circulating the internet is photoshopped and is not real.
1080  Economy / Speculation / Re: Bitcoin prices are being settled to explode ? on: January 31, 2019, 07:10:24 AM
From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

Your theory is kinda stupid. Grin
The prices aren't waiting for anything.The whales are waiting,which leads to all the other traders waiting.
The market is waiting and this helps the bears,because if they start mass selling btc,the price will go down for sure.

Yeah, it's more of the other way around and as we can observe with what's been happening the last 48 hours, it's by far not going upwards. We may yet see another new low since the 2017 run. A stagnant movement in a price this low can take the guts out of potential new investors.
Even tough I think prices are not going up soon (it could, it might not, we don't know) I also think you are wrong too. I mean just because price is low and it dropped a bit doesn't really mean it will continue to go down. It can recover and go up by a big number as well. Hence I think we should say that we have no idea what will happen to bitcoin.

The real problem comes with the uncertain things if you ask me. If we know what will happen in the future (even if not the price but everything else) we can calculate what the price could be, however during bitcoins life there is always unexpected things that happen changing the price and honestly there is absolutely nothing we can look forward to that can take the price higher or lower hence we are just "waiting" right now.
This theory can be stupid, prices can drop more before they start to rise, anyway we cant deny positive side of this comment, lets be honest its what everyone with some coins wish to happen. This world is very corrupted, 10 years of crypto are to short, we need more time. Do you see governments across the world, what banks do in every country, who can tell me that this world is normal when kids are dying from starvation, people are still slaves, working for couple dollars, while some people are billionaires. Crypto can change many things, will it happen or not its a big question, we will need to wait and see, but I hope for the best.

the only problem that we are facing when it comes to price rise is what you just said here, and that is purely greed not speculation. everyone is currently uncertain about the rise and fall. but they are more than happy to be greedy and wait for a lower price to buy so that they can make a bigger profit.
it has always been like this after a big drop too. everyone becomes scared and stands down watching for the "absolute bottom" to buy in and 95% of them miss out buying at the bottom let alone that absolute bottom and they end up buying at a higher price.
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