|
181
|
Economy / Economics / Re: How can we push the actual use of Bitcoin ?
|
on: September 11, 2017, 10:17:53 AM
|
Regularly using bitcoin even for small purchases would amount to something big if done by many individuals. We should not just hold everything and allot a small portion also for payment. The more transactions that are being processed, the bigger the influence of bitcoin would be. It might be small steps taken but at least we are doing our share of making bitcoin more and more visible to a wider audience.
I think that is exactly the problem with bitcoin. The more it gets attention, the more people buy it, and the higher the price. And the less it becomes really used. In the end, we are all here for the money. And using a good that increases its value, that is nothing people do when they want to earn money. I really do not see a realistic way out for bitcoin that leads back from being an investment to being used as a form of payment again. |
|
|
|
|
182
|
Bitcoin / Bitcoin Discussion / Re: Bitcoin as salary for a regular job?
|
on: September 11, 2017, 10:06:46 AM
|
|
I don't think it really makes much difference how you get your salary as long as you get it.
Exchanging bitcoin into fiat and back, that is something we can do within a few minutes.
To me I would accept it, but I am happy with my fiat salary as well.
|
|
|
|
|
183
|
Bitcoin / Development & Technical Discussion / Re: segwit@work? mempool empty
|
on: September 10, 2017, 02:54:02 PM
|
On the weekend, generally the mempool becomes less filled up with transactions because simply people aren't transacting, they are out doing other things. It could also be that Roger Ver and Jihan Wu took a break from spamming the network (Jeff Garzik probably involved in spamming now too that the want to push the 2x crap) Segwit transactions are growing but we will not see massive usage until wallets are updated starting with Core 0.15. the spamming must be the main reason for the congestion,it seems it is not that bitcoin users have magically stopped sending coins this weekend-it costs money to spam the network and even the resulting high fees do not justify the money spent If it was really an attempt to push through segwit2x, might it be possible that the spammer thinks he has reached his goal? The mined blocks signaling support are in a very big majority. From his point of view, putting more money in a spam attack is a waste of resources. |
|
|
|
|
184
|
Economy / Economics / Re: Mental barrier stops from buying BTC
|
on: September 09, 2017, 04:57:53 PM
|
Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
My mental barrier is not so much the price increase, but more the hard fork situation in November/December. I do not know what to make of it. My gut feeling tells me bitcoin has not disappointed me so far. My head sees the numbers of 2x supporters amongst miners that show a large majority. My head although sees that head and gut feeling go different ways and tries to warn me this is might become a mess. |
|
|
|
|
185
|
Alternate cryptocurrencies / Altcoin Discussion / Re: If Bitcoin dies does altcoin die?
|
on: September 09, 2017, 04:47:34 PM
|
|
I think that altcoins can survive without bitcoin.
They can be traded against each other, so from a technical point of view bitcoin is not necessary.
Of course the end of bitcoin would shake the altcoin market dramatically as well, and it would take years to regain the trust of investors.
But I do not think that the fate of bitcoin and the altcoin market is inextricably connected.
The same applies the other way round by the way. Bitcoin can survive without altcoins as well.
|
|
|
|
|
186
|
Bitcoin / Bitcoin Discussion / Re: bitcoin cannot replace currency in the world because price is not stable
|
on: September 09, 2017, 04:30:46 PM
|
Volatility is just one obstacle but I don't think that Bitcoin was created with the purpose to replace the currencies, especialy not to become the currency of one particular state. But there is no actual need for that and Bitcoin will probably never be a currency that will build the traditional financial system but it could perfectly work as paralell one.
That is the way I think as well. Bitcoin is a parallel system of money, mainly created to keep the banks out of the transactions of ordinary people. It was never ment to deal with a whole economy. But all these thoughts have already become obsolete these days because the times when bitcoin was considered to be a currency are already something of the past. Now bitcoin is an investment, people do not pay with it anymore. |
|
|
|
|
187
|
Economy / Economics / Re: Moment for buying or selling?
|
on: September 09, 2017, 01:18:53 PM
|
|
I have a theory:
Yesterdy we have read about the news that China wants to ban exchanges. From all I know that news cam from the twitter account of the official newspaper of the Chinese Communist Party.
But without any proof or anything else that could verify it.
Most of us are certain that this is just FUD.
In that case the authors of that news know nothing like that is coming exactly because they sit in the official newspaper of the Chinese Communist Party.
Otherwise they would not have to produce that news.
If my theory is correct, then we have now a really good moment to buy, because the fake news still has its impact on the market.
|
|
|
|
|
188
|
Bitcoin / Bitcoin Discussion / Re: Almost All Cryptocurrency have fallen
|
on: September 09, 2017, 01:04:39 PM
|
|
The cryptocurrencies are all connected. They can be traided against each other without having to use fiat money in between.
So when some news occure, either good or bad, that have to do something with the exchanges, all cryptocurrencies will react in a similar way on that news.
The unfortunate thing is that the news that occure at the moment are mostly negative.
Fake or not, just the possibility of disrupting the exchangeability between cryptocurrencies makes one groupe of people tremble a lot: the traders.
|
|
|
|
|
189
|
Other / Off-topic / Re: Bitcoin or other coins
|
on: September 09, 2017, 09:00:41 AM
|
|
Bitcoin is more stable than other coins.
When youl look at what happened last week, bitcoin was the coin with the lowest volatility.
That might not be good for the traders, but I really think that investors appreciate stability in a coin.
Most of the people who go into cryptocurrencies are not traders. In times of low interests at banks, they search for investment options.
That means the people investing in bitcoin don't want to make a quick dollar, they are in it because they see here the best balance between security and profit.
|
|
|
|
|
190
|
Economy / Economics / Re: China Will Kill Bitcoin: A Conspiracy Theory
|
on: September 09, 2017, 08:52:53 AM
|
|
I do not think that China really needs a plan when it wants to shut down the market of cryptocurrencies.
China would simply do it. There is no need for them to do anything step by step.
China is no democracy.
One announcement from their central bank that declares the usage of all cryptocurrencies as illegal, and that would be it.
But they have not done it. So I am pretty confident something like that is not going to happen.
|
|
|
|
|
191
|
Bitcoin / Bitcoin Discussion / Re: Why do some government ban bitcoin?
|
on: September 09, 2017, 08:41:05 AM
|
|
Some governments fear an increase of hard criminality like drugdealing in their countries to come along with crypto currencies.
Other governments are afraid that its citizens become victims of fraud and scam.
The wish to controle the flow of money is another reason for a government to ban crypto currencies, because they fear money is being moved abroad.
I think that most of those fears are largely exaggerated.
|
|
|
|
|
192
|
Bitcoin / Bitcoin Discussion / Re: And We Are Back!
|
on: September 06, 2017, 08:58:01 AM
|
|
It is really astonishing to see how fast crypto currencies can recover these days.
I would not have believed that the whole market can go down and up like that in two days if you told me so last week!
Now we have the next big goal infront of us, to take the 5K for bitcoin and stay above it!
Honestly I have a feeling that this will not be that hard at all.
|
|
|
|
|
193
|
Alternate cryptocurrencies / Speculation (Altcoins) / Re: Good time to buy ETH now?
|
on: September 04, 2017, 06:30:33 PM
|
|
Personally I have not much knowledge of trading. But the events today brought me to read some analyses about altcoins.
I just read an article where some guy who probably knows much more about trading than me explained with one of those fancy charts that in case ETH goes under 292 dollars, it will fall even deeper, maybe to around 232$.
And should the 232$ support fall, it could easily get even another 100 dollars deeper.
Maybe it's still a little early to buy ETH, the storm might not be over yet.
|
|
|
|
|
194
|
Economy / Speculation / Re: Is it too late to buy bitcoin?
|
on: September 04, 2017, 05:56:17 PM
|
once again the bitcoin price drops. well, this may be related to china. but, if in a few days or weeks return to normal, maybe we can take advantage of this moment to get big profits. well, bitcoin prices will definitely go up, so when the price goes down, it will be a good time to buy it.
I completely agree with you. No need to be nervous. On the contrary - rejoice that you can buy your favorite Crypto currency at a great discount price. It's just a holiday! I already bought some coins. This is the best price for the last few months Those drops will always exist in the cryptocurrency environment. They are a perfect opportunity to increase your coins. And even if people can't wait for such an occasion to buy, I think the long term trend will still show upwards. Buying bitcoin is always worth it. People need just a little time to wait for the next rally. And don't panik when a correction comes. |
|
|
|
|
195
|
Bitcoin / Bitcoin Discussion / Re: Bitcoin future after China bans ICO and bitcoin to currency exchange, vice versa
|
on: September 04, 2017, 05:01:28 PM
|
I believe that this ban is just a temporary decision. Here's why:
1) There are lots of fraud activities in cryptocurrency at this moment and to be able to protect people from this fraud government should decide how to regulate this new industry.
Cryptocurrency industry scaling speed is way too fast at the moment and demands fast decisions.
On the other hand, China doesn't want to make fast decisions concerning market on which they really want to be a leader.
So this is just a "STOP, THINK, DECIDE" measure being implemented;
2) I think China also understands, that there is no way to be a leader on such digitalized and decentralized market with forbidding everything strategy.
On the contrary, as a government you have to make comfortable conditions including smart regulation measures for your industry leaders to be able to drive this market on local level, especially when your country is a huge part of it.
From my point of view these 2 reasons are enough to make a conclusion that this is a preventive measure and after China will decide what to do they will reform this ban into something much more flexible.
The problem is that by that time this measure will cause some damage and I'm hoping for some official statements in order to stabilize situation, at least I hope there are some industry lobbies in China.
I am on the same opinion as you stated here. I am sure that soon China will come up with their stricter rules for ICO projects especially if the intended market is within China. for now, this news is sending some chills to many but after all the dust has settled we will know for sure the real picture of things. In that summary posted above, there is no categorical statement that says Bitcoin is already illegal. Now, if Bitcoin cal already be illegal to hold in China then am wondering what will happen to the many miners based in the country? Now, I am also wondering...is cryptocurrency designed to be independent of the government so why are we affected by this news...and from China at that? Or is this telling us the truth that we can never go away from the government and that government remains to be the King after all? I have read nowhere that China has any plans regarding bitcoin. It's all just about the fundraising with ICO. At the stock market, there is a similar pattern: If there are bad news about one corporation it usually affects all the other corporations that are in the same business segment. Although the others are perfectly doing fine. I am sure we see something similar here. By the way, I think the crypto world will benefit if an ICO can not work as it pleases anymore. This will bring more trust and less disappointment into the world of crypto currencies. |
|
|
|
|
196
|
Economy / Trading Discussion / Re: What does it mean to invest in bitcoin?
|
on: September 04, 2017, 08:59:39 AM
|
|
To me cryptocurrencies are a bet on the technology behind it.
I don't think you will find a better way to invest into a groundbreaking technology like the blockchain than with crypto currencies.
But I must say as well that my investments only include bitcoin.
Of course other altcoins may have an even higher profit ranges, but they have bigger risks as well.
I like to stay on the safe side.
|
|
|
|
|
197
|
Economy / Economics / Re: I want to invest 1000 USD into crypto
|
on: September 04, 2017, 08:36:27 AM
|
|
Cloud mining is a scam, and mining hardware is expensive. Remember that with mining, you have to pay for electricity as well. Those things eat a lot of it.
I would really say that buying coins with the budget you have available is the best solution.
If you don't want to risk it all on one coin you can split it up.
Maybe half of it into bitcoin and the rest equally devided into three other major crypto currencies.
Then you are on the safe side, I think.
|
|
|
|
|
198
|
Economy / Speculation / Re: How low will BTC crash in following days/weeks?
|
on: September 03, 2017, 02:48:44 PM
|
|
When I look at the charts from today and yesterday, I think we have a bigger support at the level of about 4300 dollars.
So my prediction would be that there is the bottom for the movement we see at the moment.
For the next week I suppose bitcoin may try another attempt to reach the 5K level and stay above it.
|
|
|
|
|
199
|
Economy / Economics / Re: Do you use a Bitcoin debit card?
|
on: September 03, 2017, 02:34:31 PM
|
|
I hade one, about a year ago, for most payments it worked fine.
Had in issue once where my money was put on hold, but it all was available again after two weeks.
There were no further problems.
Right now I'm back to using my credit card.
My coins have become too valuable to me in the meantime.
|
|
|
|
|
200
|
Bitcoin / Bitcoin Discussion / Re: Reasons why now is the time to invest in Bitcoin
|
on: September 03, 2017, 02:06:45 PM
|
|
Bitcoin just took a little dip when it tried to conquer the 5K barrier.
I think that this gives the opportunity to get in the market!
One of the next attempts to get over 5K will be successfull, and then 5K will become the new bottom.
Once above, I doubt bitcoin will fall under it again any time soon.
So from my point of view, now is the time to buy!
|
|
|
|
|
Show Posts
