bubble does not mean empty. fake.. eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles
in short. look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value.. then when you see a unnatural spike up in the price that is a bubble
but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist
This is right in chart technical analysis, But I believe that bitcoin was excepted to the general rule since BTC is ground breaking technology and it is normal that it will show some abnormal price hike. People see what the future of bitcoin that's why many invested. It will always be a bubble if we look back in initial price of BTC always and not the future use of bitcoin. It's up to the person perspective if it's a bubble or not. you dont get it.. the technology is not a bubble.. things are not in a permenant bubble.. a bubble is a small piece of time where something is grossly OVER valued. EG houses are real EG tulips are real but at certain times the market prices of those thing can go exceptionally high real fast. which is the bubble.. bubbles are about temporary speculative unnaturalhigh prices.. and before you try to reply.. what might have been a ATH bubble 2-4 years ago... might now be below this years alltime low. EG 2013-2014's $1200 ATH was a bubble..... but now with $6000 being tested as a good low for an ongoing period.. $1200 today would be classed as under valued, where as $20k would be this years bubble again.. get the all time low of each 3-6 month period... draw a line.. call that the bath water of value.. expect a thin skin of foam on top for a bit of speculative stirring of the water.. but when you see a big mountainous lump that looks out of place. thats a bubble.
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bubble does not mean empty. fake.. eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles
in short. look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value.. then when you see a unnatural spike up in the price that is a bubble
but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist
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10. CLAM
if you start including altcoins like CLAM in the list of altcoins that forked from bitcoin then the list will grow as big as nearly 700 coins since all of them forked from bitcoin one way or another. and you can even include secondary forks like the fork of forks (eg a fork that was created from LTC) then the number grows even bigger. the difference between a fork and a crapcoin is this: crapcoins made by copy/pasting bitcoin code without any innovation restart at block 0. retaining no transactional data. however a fork retains historic transaction/block data upto a certain date before they go in their separate direction
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using blockchain for just one event every 4 years seems a waste of oppertunity
imagine every new law got a public vote. thus not needing houses of representatives/commons to vote for us.
the issue with old voting systems is getting enough people to take part of their day off work to vote, for there to be enough of an electorate for it to count. but we now live in a technological time where people dont need to take time off to visit a polling station to vote. people can vote anywhere, anytime.
the only issue with technology a decade ago was preventing double voting (eg calling a hotline 2000 times to vote for america got talent) which again is an old problem that has a solution.
if a population was given a blockchain based ID then blockchain voting can be ethically done and self audited, meaning it becomes free to use to make many rapid decisions more often than just once every 4 years
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inventing new words is what teenagers love. but thats just buzzwords that does not help average joe EG. since when did "peng" become more important to say than "cute"... (teenagers think peng is better)
many average joes do not understand terms like HODL and start to think its not just learning about using new currency, but then having to also learn a new language.
to make things useful for average joe, we should not cause them to need to learn very much, if anything. we need to make it as simple to understand as possible
this first starts by not overhyping the utopian dream using buzzwords. but to downplay or stick to reality. since 2014 the community has moved away from the trustless ethics of bitcoins coded consensus mechanism and instead moved to trust the core team to make decisions on the future(the roadmap). so trying to harp on that the system is trustless is becoming meaningless.
after all it used to be a rule of 32mb then 1mb then 4mb weight.. the community had no say in it. the devs did after all it used to be a rule of 2.1quadrillian units of measure basketed into allotments of 21million.. but with LN there will be 2.1quintillion units of measure
so over hyping that the system is fixed and requires no trust, because things wont change. is overhype and not the truth. things do change. and we are no longer using bitcoins consensus. but instead cores backdoor(softforks) for them to decide new features.
thats why smart people dont even use the term decentralised anymore. because that died out. now the term is distributed.
so before even trying to create new buzzwords. first the community need to learn the reality of what they are presenting to then explain it factually, without any overhyped utopian dreams
if this was 4 years ago i would have said "self control" "community consensus" and suggested many other terms that have existed for years. i would still though even then not suggest inventing new words that requires an urban dictionary to be updated every couple months and getting people to have to use such dictionary all the time
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why $25k?
my opinion.
the OP picked $25K because of 2 reasons, either: 1. he bought at $12.5k and is currently losing and wants the community to say something that gives him hope he can double his money or 2. he bought at $6.25k and wants the community to feed his greedy hope of quadrupling his money
i have seen many people scream out random numbers. not based on economics. but based on a multiple of the price they bought in at. hoping to see everyman and his dog agree with that first persons numbers to re-affirm the first persons investment risk
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big corp dont like decentralised, many average joes dont like 'trustless' (because they cant understand it) and many average joes think crypto is about crypts you find at a cemetary(tombs)
so it seems with core being the monarchs(centralising) of bitcoins network and pushing bitcoin into LN(permissioned & requires trust)... the new buzzword they are beginning to push out is "DLT - distributed ledger technology"
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OP done a script kiddie request 2 days ago and now bgging to get his coin on an exchange asap.... seriously lazy crapcoin.
definetly not worth giving the OP any advice
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Instead of choosing those coins big companies might choose etherum or another coin like litecoin. It is undeniable that bitcoin is not suited for making transactions especially in small amount due to the fees and length of confirmation time. The alternative is to use popular coins such as etherum or litecoin. There are already many sites that use etherum and litecoin as a payment method but when sending big amount people still use bitcoin compared to the coins you mentioned in the OP.
the company winds up with dollars. they don't care about fees, confirmation times, developer wars or hard forks. most of them probably don't understand or care the slightest thing about any of the coins. the only thing a company needs to care about is reaching as many customers as possible, which means accepting as many coins as possible as people like to spend their free gains no matter what their irrational allegiance is. new egg has been involved in bitcoin since before 2014.. the CEO actually does keep some crypto's. but even he has enabled more than just cores chain on his merchant tools. same goes for MANY big companies. but both of us have to agree. the 'alligience' to cores chain is waning/dropping
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First-mover advantage,
Bitcoin is the most popular voin
if you think core can kill off the ethos of the whitepaper. but rely only on 'first mover' / popularity / branding.. then thats already a failure. myspace had those aspects.. look at them now many people do not have savings in bank accounts. but if you search thier house you will find some gold somewhere that they have held onto(saved) for months/years without realising it. but although everyone around the world has seen, knows of or held for more than 6 months some gold (whether its as jewellery, tooth fillings or circuitry)... with gold being the universally known 'store of wealth' many do not see what they hold as 'savings' or even want to spend/accept payment in gold. so branding/value/who/how many hold it. in the end does not mean anything.. unless it has utility to be used daily in peoples lives to pay for food/rent/gifts to live on.. its meaningless. so the most important thing is not first mover or popularity... its utility, which cores chain is LOSING
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and while sheep are looking in the direction of 'drama' puppets such as CW.. you have to ask why are there so many stories being stirred up by such a person of no real importantance/part of bitcoin
CW is a non participant. he is a face with no hands. so for me every time i see a story trying to get people to talk about CW i start researching whats in the other directions that certain people do not want us to look/talk about.
yes CW is a scammer yes CW is a fake yes CW uses people and takes their glory as his own. but CW is of no importance to bitcoin
for me i think all this drama to distract away from looking at whats going wrong with the bitcoin ecosystm right now. much like when there are homeless people and wars going on, media want you to talk about things like kardashians. to me CW is just a kardashian
anyway as for the reality of bitcoins ecosystem. i feel the drama is trying to hide facts like the core chain is losing merchant adoption. where merchant tools such as bitpay and coinbase are shiifting away just acceptiing just cores chain and retailers/businesses are starting to accept other coins simply because cores promises 28 months ago.. have failed, stagnated, not florished.. and people are starting to get sick of it note to all core defense had wearers: do not even bother replying with the scripted buzzwords of the month like "conservative" to explain their stagnation.
just check out the forums.. in the last 3 weeks how many posts/topics have mentioned CW..... then look at how many posts/topics have mentioned the changes to merchant tools that have shifted away from just accepting cores chain..
even the cor devs cant hide thair failings they have been called out as failures and core devs have admitted that cores chain is not for merchant usage a payment vessel, but is just an experiment
but ayway.. i think anyone who cares about the CW drama can learn more by learning the facts of his past via loads of articles/wiki's and other sources.. and it does not need constantly talking about him as if he is important/relavent today. let him evaporate out of the ecosystem and let the authorities handle his many scams/debts/frauds. if he wants fame. let him get the fame in the fiat media. lets concentrate on the bitcoin/blockchain ecosystem, which he plays no part in, apart from a face to slap
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BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this
most big companies use merchant tools like coinbase and bitpay bitpay and coinbase already offers different options and no longer just handle only cores chain so, the short answer yes merchants and big companies have already begun accepting things other than cores chain.
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lol
i think the OP read an article about OTC trading. and because the concept was new to him.. stupidly thoought that it was new to the whole community and thus must have been the cause of recent events.
sorry dude but OTC trading has been done for years. its been happening on IRC and skype even as far back as i can remember starting out in 2012.. so its been going on even before that.
as for the other stuff you say about selling high OTC, selling low on exchanges. thats just mumbo jumbo theory
OTC trading... and pump&dump groups are two separate groups of people
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]This is a typical response for someone who has no argument. There is nothing complicated about bitcoin, blockchain or bitcoin market. You have worthless digital bits stored on network of computers and people who throw away their valuable property or assets in exchange for these bits. And all that because people are uneducated about the fact that digital bits are just symbols used to represent and quantify actual property or assets, but are not property or assets themselves.
what i think your trying to say is that a property deed is just words on paper. and that you will never own your house because one day i can enter your house and it automatically makes it mine just by standing inside it/with it. because paper is just symbols or will you rebutt by saying that no one can take ownership of your property that easily, because i do not have access to your house keys and you do have proof of ownership that only you can claim because the proof is registered and notorised which can only change ownership with your authorisation
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So far Core's done a pretty good job. The point isn't so much that I trust them. Its more that I do not trust Roger Ver.
the point of bitcoin is you dont have to trust anyone. by giving in and saying you prefer a team.. your handing them the crown and giving them the centralist plan they have by saying no other node should exist on the network and saying its an attack if there is another node that opposes cores roadmap, and the opposition should "fork off" like many core fanboys have. and even going to the ends of getting a subsiduary team to cause a controversial fork. rather than using bitcoin consensus. is again giving core the crown and the centralist plan they have. what you dont realise about bitcoinABC (made by bloq) is that they were not independant, nor were they bitcoin 'unlimited' fans. they are part of the same BScartel crew that core main devs are funded by. but i think you have yet to shed your shep skin to fly above the field you call home. thus still not able to see the whole landscape. but hey, i feel that even in a years time you will still be with the core sheep running in the direction the core sheep hurder directs you until you can actually rlease yourself from wearing the core defense cap. you will not see the whole picture as for the twitter account. it seems there is no ban. but instead many trolls got blocked
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(1) bandcamp a: "A is the real bitcoin" (3) bandcamp b: "B is the real bitcoin" (3) smart reality: "neither are.. they are both different to the 2009-2016 network typology, but sheep will follow the loudest sheep herder even to a different field and still call it home" this is the reality of what has been happening. rectangles are blocks with their total size and lines represent transactions. both forks happened from the old chain (blue one) like any other fork before them. the first one with SegWit was adopted by the majority and is used by the majority (like the forks before it) so it IS bitcoin. the second one was rejected by the majority and it is not even used by anyone (B) and yet they mislead people into believing it is "real bitcoin". nope (3)rectangles are the network. and the lines are the clients. the blue network. starting from the left had one client.. satoshi... which started in 2009 then in 2010 a github version started (the triangular shape that goes blue to orange) the other lines are other clients that worked happily on the network without becoming a altcoin. but had opposing bips. consensus decided not to upgrade the network for som of them then there was a (orange box) bitcoinABC (made by the BLOQ team, funded by the same guys that fund gmax and BS core dev salaries) the purpose was to make a split event at a certain date. to avoid consensus.. but to intentionally cause an intentional split. all bevause core couldnt get above a 35% consensus threshold and blockstream were running out of time before they were desiring to VC beg another seed round of funding.. so with the aid of partners. bloq got cores opposition away from the original network and onto a purple network, thus with no opposition due to the deportation event. core could trigger segwits network typology which is the yellow network
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im not in any band camp. sorry but i don't play that sheep game. just because i detest cores controls and centralisation of their roadmap plans. does not mean im in other camps. i have not touched my main hoard since 2013 so i dont swing either way. i just have a birds eye view over the whole landscape merchant adoption of selling produce in the real world for cores chain has dropped. the tx fee drama caused that. and before you even try more FUD. the fee drama was caused by mixers. not by pools and not by 2 certain guys reddit points fingers at.. if you cared to look beyond the reddit sheep copy and past propaganda drama. anyway back to merchant adoption. have you even bothered checking on how coinbase and bitpay have changed... i guess not as for the article you linked all its blasting is newegg.. funny thing is newegg has been accepting bitcoin since 2014 but now go and check out coinbase and bitpay and you will see why the article YOU posted says "demand for cryptocurrencies".. and then appends 'future growth for bitcoin' you will see that merchants have moved away from cores network (apart from a few big OLD names that remained loyal hense named singularly) with the hope the thousands of others that use other cryptocurrency switch back in the future once core/if core can sort their crap out and as i said, in the end it will probably be that something like litecoin or ethereum whichs ends up dominating the merchant acceptance market, because if you actually look beyond the couple named core loyalists. you will see many many more made a shift. but hey. when you see core devs themselves admit that cores chain is not for merchants, but for store of value. and even big named fanboys like andreas saying if you dont like cores roadmap go play with other coins.. samson mow said prtty much the same thing, cores chain isnt for meerchants. but for value store many fanboys/core loyalists have literally been screaming that cores chain is not the "buy coffee for btc" purpose thus not even trying to retain merchants.. you cant deny that cores chain is losing its merchant desirability and core dont care. most devs, dont think of bitcoin as an ecomomy. their buzzword is "experiment" and they are too afraid to even take it out of beta. because to them its a game, not an economy but again hey. stick your head in the loyalist sand and pretend core are your kings and deserve their decision making power to ruin the original ethos of bitcoin and move away from the 2009-2014 purpose of bitcoin. enjoy your home in the other field with the sheep that all agree with you that its all your home. even if the landscape is different than the original field maybe next time. take off the core defence cap.. and wear the bitcoin 2009-2014 ethos defence cap. you know think about bitcoin(2009-2014). not core.. then you might see beyond the field you have set as your home to see the wider landscape.
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yawn more band camp drama... something bad must be happening in the core camp for them to be really pushing out the 'look in other direction' finger pointing anyway, so what if something is not advertising CORE. core should not have any decisions over what a twitter account should tweet about. core lost hundreds of thousands of merchant usage, and kept announcing thier fork is vault (value store) not common spend utility core devs/sheep should not decide that everything has to be about them in the end it will end up with something like litcoin that goes mainstream due to all this bandcamp crap here is a crude 30scond mockup of the band camp debate (dont knitpick the lack of quality of 30 seconds drawing) (1) bandcamp a: "A is the real bitcoin" (3) bandcamp b: "B is the real bitcoin" (3) smart reality: "neither are.. they are both different to the 2009-2016 network typology, but sheep will follow the loudest sheep herder even to a different field and still call it home"
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evolving and keeping up, to me thats about being able to be used to pay rent/mortgage, buy toilet roll, food via bitcoin without needing to touch fiat. (used as common daily medium of exchange)
some people try to pretend bitcoin is evolving.. but then only talk about the price.. well: anyone can make an altcoin with 5 trillion coins, sell 1 coin for $5 and instantly get a market cap of $5 trillion.. so price is not important anyone can make a tonne of gold be worth $475493520(thats the price today).. but no one knows or cares about a tonne of gold what happens is people just buy smaller units
but if gold/altcoin/bitcoin has no real world function.. the desire for it dies, thus the price dies too
so for me the evolution/keeping up. involves ensuring bitcoins MERCHANT adoption doesnt have a 'flippening event' where more merchants use a different coin. because for me. if another coin does gain ground in the merchant adoption. then thats a sign that bitcoins desire/utility/function is in decline
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main cause/trigger was bitcoin being used to buy real like stuff.. first price push was due to 'bitcoin pizza' then shadier things like silk road then legit things via bitpays merchant tools then coinbase adding merchant tools .. its not about scarcity, as there are many crap coins with more scarcity its not about function of sending funds in ~10mins, as many crapcons can do it faster .. but now core devs hate the idea of bitcoin used as common real world product purchasing currency. and with the tx fee drama. and drop off of merchant adoption.. bitcoin is in a lull period where investors/community are unsure of the future real life utility of bitcoin. Gavin Andresen believes that the “average transaction fee paid will rise, people or applications unwilling or unable to pay the rising fees will stop submitting transactions, [and] people and businesses will shelve plans to use Bitcoin, stunting growth and adoption.”
Bitcoin Core developer Pieter Wuille replies to Andresen’s comment above: “Is it fair to summarize this as ‘Some use cases won’t fit any more, people will decide to no longer use the blockchain for these purposes, and the fees will adapt.’? I think that is already happening […] Furthermore, systems that compete with Bitcoin in this space already offer orders of magnitude more capacity than we can reasonably achieve [...] I don't know what subset of use cases Bitcoin will cater to in the long term. They have already changed - you see way less betting transactions these days than a few years ago for example - and they will keep changing, independent of what effective block sizes we end up with. I don’t think we should be afraid of this change or try to stop it.”
yes the propangandist hyping sheep will promote LN, but the truth is LN is not consumer ready for the half million merchants and millions of customers that USED TO use bitcoin daily for real life things. and wont be ready any time soon. so right now everyone is screaming to just hold, and treat btc as a store of value and ignore bitcoins original utility.. even though to have a value of store, btc needs a utility to give it value.. otherwise its just like facebook credits but on a distributed network
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