I completely agree.

but also it may just be me but when I want to look for an alternative to bitcoin I wouldn't just choose a copy of it which is doing the exact same thing with a little difference (eg. using PoW and same structure but a different block size and/or time). for me that is like liking a real brand (like Adidas for example) but choose a Chinese poor copy of it called something similar and stealing the brand.

I think it was your topic in which I mentioned altcoins using DAG and I said it improves upon the technology and has a better scaling. then I did some research about them and saw this may not be 100% true. for example most of them have a limit of ~20 transaction per second! and that is just theoretical never put to a proper test.

I don't know your financial situation so I can't really tell you to invest $10k or not. $10k maybe all your money in the world or you sold your house to get that. or $10k may be only 1% of your total net worth!
the answer in each case can be very different. so the only thing we can tell you is to invest what you can afford to lose, if $10k is an affordable amount then do it. but always have in mind that price may not always rise (price of bitcoin or altcoins you have in mind) tomorrow when you wake up your $10k can be turned into $1k specially if you invest in altcoins.

I wouldn't really call that a good news to be honest. but generally speaking the good news regarding bitcoin and  the growing adoption of it is coming from all around the world these days. it is inevitable to accept bitcoin's power and its growth.

so far people are mostly occupied with the price only and think about how they can make more profit. but in reality bitcoin will get stronger because it is a decentralized currency and I am glad that more people are figuring it out these days and start thinking about how they can benefit from using bitcoin, and we are talking about benefit apart from the fiat profit you can gain.

being profitable is one thing being a proper cryptocurrency is another. if profit is the factor you care about them there are 1000 altcoin that can satisfy that.

that only increases capacity by factor of 4 (2.5 min blocks versus 10 min) it is unfortunately not a good solution for scaling. and as far as I know it was never meant for that. they decreased the block time to increase the speed of confirmation.
it also comes at the cost of 4 times bigger blockchain. imagine if bitcoin had 2.5 blocks the blockchain would have been 700 GB instead of current 175 GB

a decentralized and open source project should not have a single developer or a single team that everyone looks up to. that defeats the purpose of this whole thing. in my opinion Satoshi going away is actually a good thing.

the same can happen to litecoin too. decreasing block time is not solving the scaling issue. the fact that it has not happened yet in LTC is because it is not being used remotely as much as bitcoin.

Steam is NOT accepting LTC!

you still have not explained "why"! just believing that they can is not enough.
all of these coins are based on the same technology. they have bigger blocks, shorter time between blocks,... but in the end they all have a limited size block to X bytes. and at some point that X is going to be filled if their adoption grows.
bitcoin can process ~ 3 tx/sec
LTC is 4 times faster ~ 12 tx/sec
BCH is 8 times faster ~24 tx/sec
not sure about Dash
but none of these can compete with the adoption because you can not have unlimited block size or for example 1 GB blocks.
VISA handles on average around 2,000 transactions per second!

and increasing this number is easy in theory but in reality it will bring about a lot of problems. you can see one of them in ethereum. you can no longer fully sync with the network from scratch. it is a HUGE blockchain over a slow network.

https://en.bitcoin.it/wiki/Scalability

that is what I have been trying to tell you. it is not blind loyalty, it is the fact that altcoins are not really better.

there are cool projects that nobody even hears about. like IOTA and ByteBall. but you wouldn't have even heard of them if IOTA was not pumped like how it is right now. they also have issues of their own FYI!

if just because you are not getting a response from the support team you call them scams then 90% of the exchanges are scams because you will experience the same with them too. most of them are too big to care what their users think, for example poloniex doesn't give a shit if someone is not satisfied with their service because they will come back and there are still a lot of others who are trading there. bittrex doesn't give  a shit anymore because they stole a lot of money from a lot of people and people are still going back to their exchange. bitfinex is still working despite getting hacked (allegedly) and people still go back to it even though they lose a lot of money.

I said this in another topic, I say it here again we need decentralized exchanges specially when we are talking about trading cryptos against each other. our lives will become so much simpler if we had some good decentralized exchanges and we started using them more. that will also force the centralized ones to try and become better to be able to compete and prevent the volume they will be losing.

I agree with the bolded part.
I was actually expecting the price to have a much harder time recovering. in fact you may even find it in my previous posts here where I said price may fall under $10,000 after this ridiculously big rally. but I am glad that I was wrong and $12xxx was the lowest that price could go after the panic selling started.
it also proves my theory that market is getting bigger and that means much harder drops (they are smaller now) compared to before when it was easy to go down a lot and fast.

well, the current existing ones need to stop being cheap and upgrade their servers and add more of them so that it can handle the traffic that they are receiving. and maybe for buying bitcoin with fiat we need some more exchanges. it never hurts.

but in general when we are talking about exchanges and specially when it is exchanging crypto currencies with crypto currencies, we need more decentralized exchanges instead. because no matter how big or trusted the common exchanges such as bitfinex, poloniex,... seem to be they are not to be trusted. and it has already been proven that all of them have the chance of scamming their users.

a real successful crypto investor I not going to waste his time creating and participating in youtube videos. and most of them don't even share any of their speculations with anyone let alone with public. that is how they become successful, by keeping the secrets to themselves.

the unsuccessful and desperate crypto traders on the other hand, are a different breed. they will cling to any idiotic method they can think of to spread their "hopes" in form of "predictions" and then they praise themselves a lot by calling themselves a "successful trader" a lot.

they stopped accepting bitcoin but not for other cryptos, they are not foolish enough to add another altcoin that nobody even uses. it is not worth the hassle.
and in case you missed it, steam was using bitpay to accept bitcoin payments and bitpay doesn't accept any other altcoin so that is a no no right there

besides I would love to hear your thoughts. for example what altcoin do you suggest we start using? and please explain why and also how that altcoin has solved the scaling issue of bitcoin?

we really can't tell you what to do with your life.
but at the end of the day a job is a job and you will get paid in hard earned cash. wherever you go, it is cash and it has  value and you can easily use it. bitcoin is volatile and will be like this for a long time in the future too. and you can not simply spend bit coin everywhere unlike cash.

also you say it is overseas so it is another thing to consider. traveling to somewhere else and living there is not something that everyone can do.

the only reason why someone would say they consider the rates when they receive the funds in their wallet is because of delays. and that is perfectly understandable in my opinion because of the current situation with the mempool and the volatile nature of bitcoin.

I am experiencing the same thing whenever I sell bitcoin to someone using local currency.
the solution is simple. be in contact with the person and make sure he agrees that if you pay high fees and your transaction was confirmed in next block (which is going to be less than 10 min on average) then he has to consider the current price as the rate you sold him.
and you will have to pay a high fee, something around 500 satoshi/byte now to get a fast confirmation.

BTC markets are always the best in my opinion.

• they are the most common, you can see then everywhere in all the exchanges.
• people measure price of all the altcoins in terms of BTC
• the BTC markets have the most volume and more importantly smaller spread which means you will be able to trade easier and with larger amounts in them
• there are sometimes arbitrage opportunities among BTC markets because it is listed on all exchanges.
• and finally, when trading in BTC markets you will be increasing the amount of bitcoin you own when you sell that alt coin at a profit. that is obviously a good choice since bitcoin is the best long term investment.

you should first learn how to trade. this includes learning how to analyze the market and see which coin has the best potential of rising and which one has the least or has the biggest potential of dropping.
then you have to move on to more important matters like how to deal with what you have bought after you bought it. most people forget this important step. you must know when to sell and have a good plan for it. and also think ahead about things like stop loss and what you are going to do when price drops.

for example now LTC is showing good potential but it is near the end of its rise. you should have bought it a couple of days ago and started thinking about selling it now. and now you can still buy it but it will be riskier and you have to act faster in case of a drop.
and like always bitcoin is still the main investment and the best thing to find in the cryptocurrency market.

well that is great for bitcoin and it shows the growth that bitcoin has and the way adoption of a new technology which happens to be very good and useful is going to be like when it starts. the fast and big rise.
but still that is market cap and it is not really the best variable you can use for a cryptocurrency, it is more suitable for companies instead.
it becomes specially useless when you are talking about the "total market cap" which is including all the altcoins and useless tokens that have been created notstop every single day. each of them add ridiculous amounts to this total market capitalization and none of them mean anything. they just exist and a lot of them are not even used or even traded anymore!

I voted yes but I should explain that it will only have negative effects in the long run. so far the high fee periods never lasted that long, they were mostly because of spam attacks so far. I don't know how much of the current backlog is real, I assume a huge part of it is real though. in which case it will last a lot longer than previous times.

and the reason I voted yes is that because I do believe that the main reason why bitcoin is rising and is being adopted and has all the potential to reach $10k, $50k, $500k, $1 mil,... is because it is a currency. and having high fees like this will eventually kill that part. meaning it will no longer be able to perform as a currency and if that happens, it will be the end of bitcoin. there will be no more potential to rise. there is no reason to buy bitcoin anymore!

some people confuse being banned with not being able to use bitcoin.

bitcoin is a decentralized payment system. and because of that nobody can prevent you from using it. and since majority of the world have adopted and legalized bitcoin then it is absolutely impossible to kill bitcoin because it will live on in those countries and continue to live on based on the users that are running the network aka Nodes.

but the government can ban bitcoin and some of them have already banned it. countries like Bangladesh for example have banned bitcoin. but you can see people are still using bitcoin.

it depends on a lot of things. it is not just one thing better than the other as simple as that!

for example in my opinion it first depends on what funds you own and what kind of profit you want. most people want bitcoin profit. so they trade with bitcoin and make profit on their bitcoin investment. then bitcoin is always rising in the background and they make more profit in total on their fiat investment. but someone may not like keeping bitcoin at all. and wants to do it purely with fiat.

additionally it depends on the coin itself. some of the altcoins drop all around. it is not just against bitcoin but also against USD. so buying them is double loss while missing the chance to participate in bitcoin rise. but in rare cases when a coin is on the rise they go up. but they are rare and you only have to buy it if you see the rise not just hope for it.

I agree with others, it is not worth to claim the faucet anymore it is 12-15 satoshi per claim now!

the rest of the features are good though. I myself am mainly using two of them: the referral system which is giving a very nice reward percentage of your referrals claims and winnings and profits on their "earn bitcoin" part.
and also the earn bitcoin part where it gives you some profit. it is a very small percentage but it is guaranteed and can accumulate to something decent after a while.

I think you have "Super Bitcoin" in mind! the snapshot for this fork was at 498,888 block height which happened 45 minutes before this comment of mine.

there are more forks to come!

here are those that I know with their block height in front of them. it is starting to look like a bad joke.
Bitcoin God (GOD) = 501,225
Bitcoin Diamond = ?
Bitcoin Platinum = 500,000
Bitcoin Uranium = ?
Bitcoin Cash Plus = 501,407
Bitcoin Silver = ?

p.s. I think Yobit already distributed something which looks to me like Super Bitcoin! because I have a new airdrop added to my balance there.

only those who don't understand how useless market capitalization is for cryptocurrencies speculate about it

it will increase and the reason is pretty simple: they keep creating tokens out of thin air. 100 billion supply of some shitcoin that is worth 1000 satoshi is increasing the total market cap by $16.5 billion dollar and they create it with click of a button. and these days shit-tokens are worth a lot more than 1000 satoshi and have a lot more supply than that.