there are many who are currently speculating a rise because of Consensus 2018 and expect the prices to go up even in a big pump. but I believe that if there were a rise coming then it would have started already because these things start before the events not after them.

but also there is a chance that something happens in this event that causes the reversal of the market an we see another big rise like we saw earlier this month with a $1000+ rise in less than an hour.

a lot of companies around the whole world will join the blockchain bandwagon eventually. many of them will be doing that only to make some money through silly things such as ICOs since they are basically a simple, free and without tax method of raising a lot of funds without doing literary anything!
but a lot of others will do it to improve their business and use the hype of this new awesome technology in their own advantage.

the question is how many of them will be successful and really improve?

how does this even work?
your GPUs are not even producing enough hashrate to be relevant when it comes to mining bitcoin! are you even getting paid?
I am not a miner but I suggest checking other altcoins for mining with your GPU, you may make a lot more profit than this because you need an ASIC to mine bitcoin. try visiting coinwarz and other mining calculator sites to get more information on this.


it all comes down to this and the way you think about it. I personally have no faith in any altcoin which is why I only have my long term investment in bitcoin but if you don't agree with my view then your plan is good enough.

as I said I am not a miner but I have thought about it. if some day I start doing it, then what I will do is that I sell as much to just cover the costs and keep the profit in cold storage. so lets say I earn 1BTC per month and the cost is 0.9BTC, that means I sell 0.9BTC and keep 0.1BTC (just example numbers).

it is usually the hype of the coin itself. Litecoin is more hyped up than other altcoins and because of that it has more users and has the potential of brining in more customer than another altcoin.
as much as I love ByteBall and their team, their project is not that popular. and that is unfortunate because it is an excellent project with a good team!

the good news is that there are a bunch of gambling bots in a totally decentralized way made for Byteball. check out their website for more information

everything you said is based on one assumption that a large percentage of the supply (75%?) is held by people who are also collaborating with each other to pump the price. first prove to us that this assumption is correct then we can move on to the next step discussing about whether it is possible or not.

it is like physics problems where you assume there is no friction to make a conclusion. but in reality there is friction and a lot of other opposing forces and your conclusion is wrong because you ignored all of them....

LOL, yeah it has nothing to do with becoming rich. but it has everything to do with storing your money safely some place where nobody can touch.
even rich people (millionaires and billionaires) fear their future and they are concerned with where they "park their money". many of them have been keeping their eyes on bitcoin and have been seeing it as a viable option to store their money. and when you have millions to invest you don't want the price to go up and you certainly don't want anyone to know you are investing in it, that defeats the whole purpose of it if they knew.

every 6 months or sometimes 1 year we have a new hot subject for FUD which will then scare newbies and the market experiences big crashes. the MtGox coins are the new hot topic for FUD this year! and it will remain hot for some more time. there is no truth to it and it had never have any real effects on the price because these coins are absorbed by the market without anybody even noticing but when the FUD is being spread and the panic starts everyone else starts selling which causes the crash.

are you sure? I don't see it on the charts. what I see is that price dropped below $9000 about 14 hours before OP started this topic. also it reached the bottom ($8200) 7 hours before he started this topic! after that price pretty much stayed the same around $8400 with +- $300.
he did not predict shit! unless you think the 3% ($200-$300) is called "going down"!

by the way what you are calling "hard drop" on Monday was a 2% drop from $8600 to $8400!!!

you create version 2 of something that has stopped being improved. but bitcoin isn't just standing there without any change waiting for a new version to come by. bitcoin is constantly improving and becoming better. by the time you have in mind bitcoin will be very different from today as today it is very different from 2009.
you can always create new projects and if they are good they may even become big and stay alive in the long run but it won't affect bitcoin. bitcoin will remain the biggest one.

I feel like this year the number of attacks against bitcoin has increased even more. Bill Gates weren't this negative about bitcoin before. he started it this year actually. before he was praising bitcoin even! so the real question is, what changed?
are they trying to overtake the market? create their own altcoin? or buy more bitcoin and make profit from the swings?

I went to an old folks home and tried getting them to use cell phones, lap tops, the internet, and a lot of other things and failed. so they all must be bad just like LN...


"hobbyist" is the name you are giving them. but people who are running LN are the same people who have been running bitcoin nodes for ages. and they do it not as a hobby but because they understand what a "decentralized network" means and what their role as a bitcoin node or a bitcoin LN node is in this network.
as for the fees if you want an accurate number go use LN and you will see.

good catch. they usually do this! they make an article which is about bitcoin at heart but they slyly include another altcoin's name in it to say this article is also covering that altcoin.
the fact is ethereum is one of the worst things you can invest in, not because of its volatility but because it is inflationary. there is no stopping that. the cap which should have been there is not there and there will be an unlimited number of Ethers in existence eventually. the future of it looks something like future of Doge coin.

the way people are seeing bitcoin is changing. it started 2 or 3 years ago but it was noticeable last year when one of the big countries (Japan) adopted bitcoin as a real currency like any other currency. that helped many make their minds about bitcoin. they see it as another potential real thing that they can buy or invest in. just like gold or stocks or... and that meant many will include bitcoin in their 401k and things like that for their retirement. this doesn't mean they are fully committed to bitcoin or even fully committed to cryptocurrencies in general. it just means people have found another viable investment option with a great returns because bitcoin has a lot of potential in the long term.

your electricity can be considered "cheap" but at the same time you are forgetting about another electricity consumption and that is for cooling. Africa generally has a hot temperature so depending on where you live you may have to invest in a lot better cooling equipment and also spend a lot of electricity for that. which means your total cost may be higher than others in other countries with the same electricity cost.

what mindrust said above me gave me a nice little idea though! you may be able to buy solar panels and generate some electricity that way since you have a lot of "sun"!

I don't know what you think you can achieve by constantly spreading  FUD about lightning network, possibly the same thoughts occur to you now as you had back when you were spreading similar FUD about Segregated Witness before it was activated.

in the end people are using SegWit and are using LN whether you like it or not and the nonsense you keep spreading will only make you look like a fool.

unfortunately there are so many of these "experts" with their speculations about bitcoin these days on both sides and both group are usually making guesses about things they do not understand. some say it will fall because it is in a bear market and it is a bubble and some others like this are saying it will rise to a big amount just because it was rising and the adoption is increasing.

in the end I do not think we will see the same huge rise this year but we will have a rise because the correction has been over for some time now and people have been accumulating bitcoin ever since.

if using moving average and generally speaking using of technical analysis on bitcoin worked then price wouldn't have been this volatile in first place. we can not be certain of the price or even whether this is a bear market or bull at this point but one thing that is always certain is that TA is a total waste of time when it comes to bitcoin speculation.

I disagree on both accounts.
first of all when bitcoin drops everyone knows that altcoins will get dumped. but the thing is when altcoins are dumped it can cause a much bigger dump in them which means they won't survive long and they may continue going down even after everything else goes back to normal.
secondly when talking about selling your bitcoin during a drop you should always consider the time and reason of it. for example when it is a much needed correction and at the start of the drop, the best option is to sell. but when it is already at the bottom of the drop that is the time that you should not sell.

your answer is in the date of this topic!
it was started 5 months ago and OP was just another butthurt newbie who lost money and was trying to spread FUD about bitcoin. as you can see the miners are growing even more in China!

it is really hard to tell. these things usually go unnoticed specially in third world countries. it is not like people are going to announce to the world they are adopting bitcoin for instance. you can see an increase in trading volume coming from these countries like checking the Localbitcoins.com stats for Africa on a website like this: https://coin.dance/volume (this site has a lot of other stats too)
or you can check out google trends to see how much they are searching certain keywords like bitcoin, blockchain, etc.
in the end it will be an estimation of the reality.
based on what I said looks like bitcoin is growing everywhere, including Africa.