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1621  Economy / Speculation / Re: What do you think the cryptocurrency market will disappear in five years? on: June 27, 2018, 04:54:59 AM
which market are you talking about here? bitcoin or altcoins? because they are very different.
for example when it comes to bitcoin volatility, it is volatile but it is rising. which means there is usually a big surge followed by a big fall but the final price will always be higher than the starting price and then after the fall is done the price will continue rising.
but when it comes to altcoins they always have a surge followed by  a big drop but the final price is not bigger than the starting. it sometimes is lower even as they die.

and the market won't disappear. as long as there is a incentive for it. again there is a difference here too. bitcoin has real world applications so it will stay and because of it, it will have a market where it is being traded. altcoins don't have that real world application but they are pure speculation so the incentive is the profit so the altcoin market will not disappear either. the altcoins will disappear though but they will be replaced by another one or 10.
1622  Bitcoin / Bitcoin Discussion / Re: If states truly would want to get rid of cryptocurrencies on: June 27, 2018, 03:24:07 AM
in is all in your head thinking such attacks are possible and that is because of your lack of understanding of bitcoin.
first of all it will take a lot more than just $6 billion to 51% attack bitcoin not to mention that you would have to add hashrate to the current existing hashrate effectively increasing it by a lot which makes the total hashrate and 51% of it a lot more than it currently is and the cost will increase by it also.
no nation in the world is going to dedicate such huge amounts of funds to attack something they can not even destroy which brings us to secondly.

secondly 51% attack is not going to destroy bitcoin! it is so easy to fight it. the most extreme solution is to simply switch algorithm. after all an extreme $10-$20 billion attack needs extreme fight backs. in short in your theory a nation wastes a HUGE amount of money to attack bitcoin for 1 day tops and cause disturbance for a short amount of time and then  all their efforts will become obsolete in 24 hours.

i think it will be necessary to attack and destroy bitcoin, bitcoin will ultimately destroy itself due to its unability to fix issues. its just a propaganda coin along with many other cryptocurrencies.

why doesnt anyone use certified paper money called papercoin, or zertificated dollar?

because empty money loses its trust sooner or later.

if you truly believed that then you wouldn't have been here on a bitcoin forum, on a bitcoin board constantly talking about bitcoin.
I really believe Ethereum is a pure shitcoin, you don't see me go on an ethereum forum like forum.ethereum.org waste my time creating an account and waste my time talking about it constantly! there is nothing in it for me.
1623  Economy / Speculation / Re: $10,000,000 by 2028 on: June 26, 2018, 01:39:17 PM
We'll go parabolic in ways never fathomed before. After we gross the first million barrier it will open Pandora's box. Minds will be blown, everything will become possible. Anyone not holding wealth in Bitcoin will have their goods at constant systemic risk.

nah, it will be the same as today (more or less). when price reached $1 minds were supposed to be blown because it was a 10000% rise. but people started saying how bitcoin is dead and will fall down and it can not be worth that much. they called it "expensive". then it reached $10 and same story was repeated and when you told people price can reach $1000 they would have laughed at you. .... fast forward to 2018 price reached $20000 and no mind was blown people were still calling bitcoin dead and bubble and expensive,... .... fast forward to 2020 price will break $500,000 and we will be arguing how low will it go this time. will it be $490k or $480k?..... 2028 we will be arguing why haven't we switched to 1 satoshi yet and why are we reporting price of 1 whole bitcoin Cheesy

I'll make a counter prediction.

By 2028 Bitcoin will be dead, buried and illegal superseded by government/central bank issued crypto.

counter counter prediction.

by 2028 aliens will attack and we will be using the new currency brought to use by our alien overlords.
1624  Bitcoin / Bitcoin Discussion / Re: How does the supremacy of bitcoin affect altcoins? on: June 26, 2018, 08:03:00 AM
-snip-

While I don't disagree with your points, is it not acceptable for the creators to make money for their work? Satoshi's wallets hold a million Bitcoins.

that is exactly the problem right there. you are comparing two different things that are not even similar.

an altcoin dev who wants to become rich, premines his coin, runs an ICO,... so in an instance (usually without even doing much since they mostly copy code from each other) they gain a lot of coins which worth a lot of money.
now you say Satoshi, he did NOT premine bitcoin, he did NOT run ICO, he did NOT get paid to create bitcoin. what he did was that he (like many others) started mining bitcoin on a level playing field. if he owns 1 million bitcoin he deserves it, many others also own 1 million bitcoin since they mined in early days like Hal Finey for example.
... and that is a huge difference.
1625  Bitcoin / Bitcoin Discussion / Re: How does the supremacy of bitcoin affect altcoins? on: June 26, 2018, 07:16:30 AM
it is about the fact that there is only 1 bitcoin which is going against 1700 altcoins. that is why calling it "dominance" is wrong to begin with. if altcoins were good then the real dominance of bitcoin should have been 0.05% instead of forty something! being at forty... just proves that altcoins are indeed shitcoins.

This is a skewed way of looking at it. If you remove the 1650+ coins that obviously trash, as well as the trash coins that somehow made their way in to the top 20 (BCH, TRX, XVG, EOS), things are much more even. It's not fair to combine ETHs share of 20% with a bunch of scam coins.

it is not even fair that ETH has that much of the share. your problem is that you think just because it is rank #2 it makes it a good coin different from the rest of the "bad" coins you named here. the fact it ETH is the worst. it has about 72 million coins premined. it is like Ripple and a lot of other coins, they have unaccounted for supplies which makes their market cap fake.
1626  Bitcoin / Bitcoin Discussion / Re: Blockchain Phones on: June 26, 2018, 06:22:11 AM
I never liked things that are specific for a certain use. like this one "blockchain phones" or things such as these hardware wallets which are obviously holding bitcoin in them! they are good and useful obviously, and they are very convenient equipments to have but my problem is that I find them too obvious. for example if I want to hold bitcoin I prefer doing it on a piece of paper that even if you look at it you won't be able to tell it is a bitcoin wallet holding a lot of funds!!! but if you look at a Trezor for instance you will know it holds a large amount of bitcoin in it! I consider that as an additional risk.
1627  Bitcoin / Bitcoin Discussion / Re: How does the supremacy of bitcoin affect altcoins? on: June 26, 2018, 06:13:26 AM
In a bull market they tend to rise more than bitcoin: hence in a bull market the bitcoin dominance tends to lower.
Conversely in a bear market those coins tend to drop faster than bitcoin: the bitcoin dominance tends to rise.
it is not only about the speed of rise/drop. it is about the fact that there is only 1 bitcoin which is going against 1700 altcoins. that is why calling it "dominance" is wrong to begin with. if altcoins were good then the real dominance of bitcoin should have been 0.05% instead of forty something! being at forty... just proves that altcoins are indeed shitcoins.

Quote
Whay that? most altcoins can be traded only versus bitcoin: when market rises avi people tends to sell Bitcoin (larger market cap) to buy smaller cyptos that can be lifted more with less capital influx.
The everse happens ib a bear market where investors, actually scalpers, revert to bitcoin as a safe haven in crypto land, to protect their investment (they cannot sell for fiat in a single trade).
the altcoins have other markets including USD and other fiat, other altcoins like ETH, LTC, Doge,... and even stable coins like USDT. the problem is people want to use their bitcoins because they want profit on their bitcoin not on their fiat or altcoin,... which is why they trade altcoins versus bitcoin mostly.
1628  Bitcoin / Bitcoin Discussion / Re: If states truly would want to get rid of cryptocurrencies on: June 26, 2018, 05:05:07 AM
in is all in your head thinking such attacks are possible and that is because of your lack of understanding of bitcoin.
first of all it will take a lot more than just $6 billion to 51% attack bitcoin not to mention that you would have to add hashrate to the current existing hashrate effectively increasing it by a lot which makes the total hashrate and 51% of it a lot more than it currently is and the cost will increase by it also.
no nation in the world is going to dedicate such huge amounts of funds to attack something they can not even destroy which brings us to secondly.

secondly 51% attack is not going to destroy bitcoin! it is so easy to fight it. the most extreme solution is to simply switch algorithm. after all an extreme $10-$20 billion attack needs extreme fight backs. in short in your theory a nation wastes a HUGE amount of money to attack bitcoin for 1 day tops and cause disturbance for a short amount of time and then  all their efforts will become obsolete in 24 hours.
1629  Bitcoin / Bitcoin Discussion / Re: When you think of currency what will come to your mind? on: June 26, 2018, 04:50:40 AM
one thing that I like, and have encountered a lot in the recent week, is the fact that it is not just currency  that is moving towards decentralization and censorship resistance with bitcoin it is a lot of other things. we are seeing decentralization all around us.
for example the other day I was reading about PeerTube which is basically the decentralized youtube alternative https://torrentfreak.com/peertube-a-censorship-resistent-youtube-alternative-180623/ and that is just a start.
in any case it is good to be involved with the pioneer like bitcoin.
1630  Economy / Trading Discussion / Re: Time for that Long? on: June 25, 2018, 12:12:54 PM
at this point it is impossible to say. we have no clue to say whether price is going to rise or fall at this point and with the volume declining it may just be that others don't have a clue either. which means everyone is waiting it out and you may have to do the same in my opinion.
we are past the bottom and all that. if anything the current price is way below the real "bottom" and this here is underpriced bitcoin. and that can not last long.
1631  Economy / Trading Discussion / Re: Is it possible people have traded their crypto currencies for World Cup ? on: June 25, 2018, 08:44:26 AM
it is possible that some people liquidated their investment to get the money needed for expenses including gambling habits but the real question is whether their selling have affected the price or not?

the answer is No. these drops had nothing to do with them because first of all people don't liquidate their assets to cover their costs, everyone has money in their pocket and bank accounts to do that. you don't go around selling your stocks, gold, or your house to make a trip or gambler,...!
secondly these drops that you are seeing all around the altcoin market are perfectly normal and they happen every year. we have altcoin pumps which usually last a couple of months but last year lasted most of the year then we have the altcoin dumps which come right after. look at the charts for more information. last year's was big but it is the same pattern. and we will have the same when pump and dump pattern after this is all done.

regarding bitcoin, it is somewhat normal. the drop has become bigger than it should have but it is also the same pattern. we have this kind of zig zag rise where bitcoin takes 2 steps up then 1 step down. and sometimes it is 10 steps up in a short time so it should take 5 steps back down. in the end you are still going up.
1632  Economy / Speculation / Re: Reason to stay in this bear market. on: June 25, 2018, 08:35:03 AM
I expect this bear market continue for bitcoin until the dumps in the altcoin market is over and the money exits completely from them so that each of them crashes down to its real value which is currently at least another 75% drop for the big coins among the top 10, and another about 30% for the rest of them.

by that time we can see a more stable bitcoin price without these shitcoins pulling it down and we can finally see the rise start to happen while top altcoins are abandoned for at least 6 months to a year before they are pumped.
1633  Economy / Speculation / Re: 400 000 BTC trckling to market, what price level it will result? on: June 25, 2018, 06:59:01 AM
Ignorance is bliss... considering this is speculation forum someone seems to have have weak heart apparently (probably not hand tho).

If one counts together all the news from last year, 400k is in the ballpark of various seized funds, that is ending up in the market in one or other way.

What kind of bull shit is this OP?
Back up your claims with a solid source or evidence or don’t post shit.

Welcome to my ignore list btw.

exactly, this is speculation board not a "make a hypothetical guess" board that you start hypothetical discussions without explaining it first or giving legit facts. you say 400k bitcoin is being sold I say $1 trillion is entering the market. and unless you provide facts both of our claims are worthless.

you mention "seized funds", what seized funds are these? from where? who did that and how are they entering?
there have been many cases of seized funds in the past and none of them have ever entered the market. they are auctioned off the market and usually only 1 winner buys it all. and they don't buy it in the auction to go on an exchange the next day to dump them!!! the fees and the taxes will eat through their profit and they will lose a lot of money doing that.
1634  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the event called the “halvening”? on: June 25, 2018, 06:08:22 AM
So I get the concept of forked coins of bitcoin with clearer view as to from where they come and how they affect the bitcoin reality.

there are 3 things that shouldn't be confused with each other:
1. altcoins forked from bitcoin
an altcoin that is forked from bitcoin is simply an altcoin that copies the code. for example Litecoin is a fork of bitcoin. it copied the code, changed a bunch of stuff (algorithm, supply, time between blocks,...) and created a new coin.

2. the thing we call "forked coins"
these are useless shitcoins that are created from a popular project like bitcoin to abuse the "brand name" and make some money. examples are Bitcoin Cash, Bitcoin Gold, Bitcoin Private,... there is no point in their existence, they are not doing anything and they will die eventually.
these forked coins are both using the code and  the blockchain of the original project.

3. bitcoin forks.
you can call them "upgrades". it can be to add or remove functionality, to fix a bug,... for example the soft fork we had last year to add Segregated Witness.

Each halving makes the  bitcoins supply fall, 

supply does NOT fall. it is constantly increasing with each new block. the only thing that is changing is the "rate" of its increase.
1635  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the event called the “halvening”? on: June 25, 2018, 05:49:30 AM
with that thought, can't the code of bitcoin be altered? meaning, we're in age in AI and can't supply be change or can't the code be hack or break?

it is designed in a way that it won't "break" or "get hacked",... unpredictable bugs may occur but it will be extremely rare and can be fixed. (a bug happened once a very long time ago and it was fixed fast).

can it change? of course. you can change anything you want but the problem is convincing the rest of the decentralized system to follow your change. you can set the bitcoin supply to 100 trillion but nobody will follow you and your chain will either die or become an altcoin. that's what has been happening for the past 9 years, people fork bitcoin and create their own altcoins changing anything they want. from the supply to algorithm.
1636  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the event called the “halvening”? on: June 25, 2018, 05:40:09 AM
"halvening" refers to the block rewards and the fact that it "halves" every ~4 years.
bitcoin has finite supply and this is the designed way of distributing newly generated coins at a pace that is going to slow down in time.
it started at 50 bitcoin per block and halves every 210000 blocks which takes about 4 years. we have already had 2 of them which is why the current block reward is 12.5BTC.
it will look like this:



the effect of it is also on the price. what happens is that block reward halving basically reduces the newly generated coins, the coins that will be sold by miners and enter circulation and can be considered sell pressure. when that reduces it leads to rise in price. a phenomenon that already happened twice where each time price goes up a lot ~1-2 months before the halvening and slowly rising for about 6 months after the halving.
1637  Other / Beginners & Help / Re: Bitcoin miner stoped distribute bitcoin on: June 25, 2018, 05:29:00 AM
what if all miner bitcoin stops working does not generate or distributes bitcoin for one day if it could affect bitcoin price?

there aren't a small number of miners like 5 miner to stop mining all of a sudden! there are thousands of miners who are mining bitcoin, possibly more. they won't just stop all at once and out of the blue for no reason.
these "what if"  questions need to have some reality to it so that they can be answered. otherwise you will be entering the realm of science fiction.

in reality what can happen is that price can go down so that mining profit can fall so miners start to go away. then difficulty will come down so it becomes profitable again. even if price falls to $1 and a lot of miners leave still difficulty will come down and mining will become easy. until you can mine bitcoin with your computer again. so at the end of the day if all the miners leave you can start your PC and mine bitcoin with it. so it won't die.
in short miners don't leave the price takes effect. price changes (up or down) then miners come in or go out.
1638  Economy / Trading Discussion / Re: The date is very close when Indian government will ban the crypto trading. on: June 24, 2018, 02:20:09 PM
first of all you are just making a guess about what the Indian government may or may not do. there has been a lot of talk about banning and also about not banning bitcoin for the past 2 years in India and they have so far done nothing.

BUT in the past 2 years what happened was that a lot of the Indians started investing in bitcoin even when the government put a lot of restrictions, exchanges closed, banks closed,.... they still were investing in bitcoin. you see the Indians know well enough that bitcoin is decentralized and their government can't do shit to prevent them from owning bitcoin.
1639  Economy / Speculation / Re: the reason why bitcoin falls on: June 24, 2018, 01:51:30 PM
Why is bitcoin falling?
- market manipulation
- panic sells
- exiting of many investors who saw the above two things and don't want to risk their money until it is over so the market gets thinner and easier to manipulate
- altcoins dumping which is causing a lot of disturbance in the market.

Quote
the long-term bitcoin holders would be selling their bitcoin for fear of an attack with quantum computing that could happen within a few years, for this reason they would be anticipating to get their profits before it keeps falling further?
anyone who is doing this because of what you said without using their heads or doing a 5 minute research should not hold any bitcoin ever. not only bitcoin but also literary any other kind of investment in their lives.

Quote
the fact is that bitcoin will not return to the price levels of December 2017
how exactly is that a fact?
1640  Economy / Speculation / Re: Mt. Gox: Bitcoin’s Dark Chapter Ends With a Doorway to $1 Billion in Refunds on: June 23, 2018, 06:32:05 AM
Why is this thread in the speculation forum board?
Is anybody thinking that the BTC price will start rising after the Mt.Gox case is resolved?Most of the Mt.Gox users can be clasified as early adopters,so I think that they will remain active in crypto trading,which is good.
Mt.Gox will remain as a shady part of the bitcoin history and we have to move on with caution.Some big crypto exchange platform might be the new Mt.Gox.

many people believe that bitcoin price has been falling because Mt Gox has been selling large amounts of  bitcoin on the exchanges practically crashing it each time it wanted to rise. at least that is what the FUD tells you. the reality is that they were selling but the sells were not even felt by the market until they started talking about it in their FUD. until we reached a stage where people started watching the addresses which they claimed belongs to Mt Gox and each time there was a movement in them they started panic selling.

so why is this in speculation?
if they are officially done selling that means that FUD is no longer going to affect the price anymore.
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