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181
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Economy / Economics / Re: Regulating Bitcoin
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on: November 09, 2017, 07:50:28 PM
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If governments has power to control whole blockchain system i am sure they will wanna to own it  Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain. The government can't control the blockchain. Being uncontrollable is what the blockchain was created for. The only thing they can do is paying very close attention to the conversion of fiat into crypto and back. |
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182
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Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost.
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on: November 09, 2017, 07:49:07 PM
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Related to the EU politics, even if they won't recognise, there are big countryes who make theyr's investments, and there are the small country whos voice it looks like it doesn't mathe rto them. I live in such a country and unfortunatly i dont feel protected as an individual against the ilogical political decisions...it is sad...hope that you will gain back the confidence in you and will go on.
Most people have lost confidence in politics. Which is why the wealthy invest in so many different classes of assets in order to protect themselves. |
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183
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Economy / Economics / Re: Bitcoin or gold?
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on: November 09, 2017, 07:47:52 PM
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Bitcoin and gold have common features:
-safety,
-simplicity and accessibility of understanding,
-limited production,
-divisibility.
In terms of safety, it is gold that wins, and Bitcoin loses significantly, as there is no guarantee that the cryptocurrency will use the same demand in ten years that it is now.
Operations with the help of cryptocurrency are instantaneous, and gold requires a large amount of time
In terms of divisibility, Bitcoin wins, as this is a much more universal means of payment.
Therefore, Bitcoin is rightfully ranked first and is now considered to be precisely that promising form of investment that will keep the business in the future.
Bitcoin is extremely risky and volatile, which gold is not. These are two completely different asset classes that can not be compared the way you do as they serve different purposes. As such, Bitcoin is definitely not first versus Gold, but neither is Gold first versus Bitcoin. It depends on the individual goals. |
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184
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Bitcoin / Bitcoin Discussion / Re: Is this SUDDEN price rise good for BTC?
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on: November 06, 2017, 04:40:47 PM
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The higher the better imo. Yeah we might crash but the amount of interest and new people coming into the eco system due to the hype sets us up well for the future years. With the bigger investors into the market its very hard for this to die off.
Another crash could actually get even more people interested, if they either check the history themselves or if media brings it into the spotlight. Then people could start buying the crash much earlier than last time in anticipation of another sixfold increase. |
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185
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Alternate cryptocurrencies / Altcoin Discussion / Re: Long Term Investors Doomed
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on: November 06, 2017, 04:33:52 PM
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Once bitcoin is stabilizing only then you will see it from you seat that most of alts are skyrocketing  But yeah, if btc prices going up alts ill be dumped, but as we know btc cant always go up, there will be a time for correction Once bitcoin is stabilizing SOME of alts will fly, not most of them. There are to many alt. The main is try to find best of them. IMHO only 10% maximum will survive To me 10% sounds very generous in the long run. I can't even see that many surviving. |
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186
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Alternate cryptocurrencies / Altcoin Discussion / Re: Long Term Investors Doomed
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on: November 06, 2017, 11:58:49 AM
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Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?
A few weeks or months have nothing to do with long term. And we have been seeing these kinds of movements and phases for as long as cryptos have existed, so there's nothing new here and definitely no "doom". I don't know behavior like this is what happened in the dot com bust: https://www.bloomberg.com/news/articles/2017-10-27/what-s-in-a-name-u-k-stock-surges-394-on-blockchain-rebrandThe dot com bubble also had a lot of greedy people who had no idea what they were buying too. So yes, a lot of people will get screwed in crypto, because they're not careful. Doesn't mean that serious long-term investors are going to have any problems here. People got rich during the dot com bubble and people will get rich during the ICO insanity. It's up to the individual if they want to follow the herd or properly study projects. |
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187
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Economy / Economics / Re: Regulating Bitcoin
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on: November 04, 2017, 06:38:45 PM
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Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Not only is it possible, it's necessary. Regulation needs to take place at the points of exchange between Bitcoin and fiat, so basically businesses that operate as exchanges. Regulation, especially around KYC and AML, will bring credibility to those operating in this space, and provide legal recourse in the event they are negligent or fraudulent. The problem with businesses is, that they can just make the coins disappear and nobody would ever have access to them. It's not like there's a bank account that can be frozen or assets that can be liquidated. |
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188
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Alternate cryptocurrencies / Altcoin Discussion / Re: Long Term Investors Doomed
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on: November 04, 2017, 06:33:32 PM
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Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?
A few weeks or months have nothing to do with long term. And we have been seeing these kinds of movements and phases for as long as cryptos have existed, so there's nothing new here and definitely no "doom". |
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189
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Economy / Economics / Re: Regulating Bitcoin
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on: November 04, 2017, 06:32:09 PM
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Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Regulation is possible by any country. Trouble comes only if a major country like China,how they tried to regulate and remove the concept of crypto currencies from the minds of its citizens. Rumors say that bitcoin and trading is going to come back to China but nothing is official yet. There is no use of regulating bitcoin ,people will find one way or the other just to be non-compliant and the fact that its bitcoin and not a shitcoin. People are still trading cryptos in China. It can't really be stopped without destroying trust in the blockchain entirely and as long as there's money to be made people will come flocking to it. I think there needs to be some easy way to deal with taxes in a way that doesn't upset traders and investors. There also needs to be a legal framework that holds people liable, through contracts, in case of payments made through cryptocurrencies. But other than that I don't think a lot can be done due to the nature of the blockchain. |
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190
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Alternate cryptocurrencies / Altcoin Discussion / Re: Who is buying WAVES?
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on: November 04, 2017, 06:26:39 PM
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I think that once Waves NG is rolled out to Main Net plus when the new DEX is rolled out, which I hope will be in the next month or so, then Waves will get the attention and indeed price rise it deserves!
Waves DEX is announced for next year Q1 on the roadmap, so it definitely won't come out next month. "Q: A while ago there was pic circulating of a revamped DEX. What’s the ETA on the new trade engine and GUI? A: Beta is on November, 20!" http://wavescommunity.com/qa-session-with-sasha-ivanov-on-waves-slack-nov-2-2017/Very interesting, I didn't know that they already had a beta planned this early. Let's hope it'll already have all the functionalities required of a proper exchange for professional traders. |
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191
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Alternate cryptocurrencies / Altcoin Discussion / Re: Who is buying WAVES?
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on: November 04, 2017, 12:18:11 AM
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I think that once Waves NG is rolled out to Main Net plus when the new DEX is rolled out, which I hope will be in the next month or so, then Waves will get the attention and indeed price rise it deserves!
Waves DEX is announced for next year Q1 on the roadmap, so it definitely won't come out next month. |
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192
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Economy / Economics / Re: Can Amazon Integrate Bitcoin?
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on: November 04, 2017, 12:17:18 AM
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I don’t see why it couldn’t be done. Other companies like Overstock.com have allowed Bitcoin as a payment method and it worked fine when I used it. There is no reason why a company can’t allow Bitcoin as a payment method, especially online because it is so easy to do from your own computer or smartphone. My assumption is that if Amazon provides this alternative, you will see an increase in sales temporarily as people go to try it out. You may get supporters of Bitcoin to use it just to promote Bitcoin.
It can be done, but most other companies use Bitpay as a middleman. Amazon doesn't seem to be the type that would want a middle man. If they are trying to implement their own crypto payments (so they won't have to pay fees to third parties) it would take them some time to get that ready. Acquiring something like Bitpay would take time too because of negotiations. The fact that Amazon isn't rushing it suggests that they are trying to go big on crypto and not just "get it done somehow". |
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193
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Bitcoin / Bitcoin Discussion / Re: Is this SUDDEN price rise good for BTC?
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on: November 04, 2017, 12:15:30 AM
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Market rules: Anything that go up fast and high, will have a huge crash later. Look at XRP. Bitcoin is almost complete from reaching the top ,but once it taps the tip, huge crash from all crypto would happened. Huge Bitcoin correction and long journey again to reached that top. First of I am a BTC HODLER and I am happy it is breaking it's ATH every other day. But is it really good for future of BTC?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
The market doesn't follow any rules. And things that go up don't always crash either. Just look at the stock history of Amazon, Alphabet or Facebook, to name just three assets that keep going up. |
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194
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Economy / Economics / Re: Bitcoin or gold?
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on: November 04, 2017, 12:13:18 AM
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The cryptocurrency gives a shinier perspective in the close future then gold so i go on bitcoin. Better, smarter and with a bigger value.
That really depends on how everything plays out. Cryptocurrencies are still one of the most risky assets in the whole world. And gold serves a completely different purpose entirely. You are right! To be honest, "the most risky assets" of your words made me remember again I'm using a currency always has risky and can make me lose a lot of money in future. Beside that, in my opinion, Gold always the best place for anyone want to saving money instead of deposit in Bank  I wouldn't keep any money in my bank account that I didn't really need. Very small emergency deposit is fine, and whatever is needed to cover expenses. Everything else should be invested in my opinion. And gold seems a bit like a waste if you don't have at least a couple tens of millions already and want to make sure that you will always have at least a few millions left if the economy should collapse. |
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196
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Alternate cryptocurrencies / Altcoin Discussion / Re: Who is buying WAVES?
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on: November 03, 2017, 08:38:23 PM
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Can someone explain to me briefly why WAVES is better than ETH or NEO?
The short version: It's easier to use and comes with a decentralized exchange, which will be a very important factor in the crypto markets once regulators start regulating. |
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197
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Alternate cryptocurrencies / Altcoin Discussion / Re: Who is buying WAVES?
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on: November 03, 2017, 08:37:26 PM
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Today there are so many currencies exist that I dont make any exception for any way to invest. The only principle here to make multiple own stock of currencies. It's the most secure way of making investments. So you can buy waves but don't center on it too much.
What he said. Crypto is way too risky to invest any large amount of money on a single coin. Spread it out and make sure you don't burn yourself if you end up losing your full investment. which is also a good way to underperform the market, btw It's always better to underperform than to burn your full investment. Not that finding the real long term winners is particularly difficult though. But good luck to you. |
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198
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Bitcoin / Bitcoin Discussion / Re: Is this SUDDEN price rise good for BTC?
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on: November 03, 2017, 08:35:59 PM
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I don't think it's a problem. This kind of growth is natural in the tech industry. Just look at historical data of how some tech firms developed before they went mainstream, and you'll see similar movements.
Regulators could pose a very real risk to cryptocurrencies though. We already see people slamming Bitcoin in the mainstream news quite regularly nowadays and it will all depend on how people react to it.
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199
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Bitcoin / Bitcoin Discussion / Re: Who here lives on crypto currency daily?
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on: November 03, 2017, 08:33:08 PM
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I don't use cryptocurrencies for any purchases. They're strictly an investment for me right now, so I want to keep as many as possible for the next five to ten years. I might make an exception on Christmas or something like that though, but nothing too big.
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200
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Alternate cryptocurrencies / Altcoin Discussion / Re: Who is buying WAVES?
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on: November 03, 2017, 08:30:28 PM
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Today there are so many currencies exist that I dont make any exception for any way to invest. The only principle here to make multiple own stock of currencies. It's the most secure way of making investments. So you can buy waves but don't center on it too much.
What he said. Crypto is way too risky to invest any large amount of money on a single coin. Spread it out and make sure you don't burn yourself if you end up losing your full investment. |
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