Do you guys think it will be going to moon all the time? This is normal. Just try to take a position while prices are decreasing and make short positions in exchanges.
that may work with bitcoin and on rare occasions on bigger altcoins but generally speaking when it comes to altcoins and the dumps, any position there is like catching a falling knife! you are underestimating the power of panic selling. you can take a look at bitcoin and see how powerful that is. it caused a big drop from $2900+ to $2100. you can't imagine what that is going to do to a tiny altcoin who nobody believes in! |
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i think it is usually because of the charge back methods that are doable in fiat and also sometimes it is hard to prove that fiat was paid because an escrow don't have to check the way to find out if it was paid or not.
but if your problem is that the escrow doesn't accept altcoins, then you can always escrow the same amount in bitcoin and get it back after the altcoin was paid.
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in the end the result will be the same with so little difference because if the exchange has lower fees for example, then the price is higher and if the exchange has a higher fee then the price is lower.
for example btc-e has high fees regarding fiat and the price there is lower than the market price at other places like kraken for example.
so when you are checking the suggestions that others gave you, make sure to check out both the fees and bitcoin price.
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The recent fall was a health correction and not a bubble burst. We are headed for some sideway movement until the next pump.
Bitcoin has been resilient currently to all the worst kind of news from the scaling deadlock to ETF rejections yet has been standing firm. It will need a really big pump before one can call it a bubble, maybe once it finally reached $10000.
yeah it was a correction but it was also a lot of panic sells too. the bitmain drama came out just in a perfect time as the market was getting ready to go down for correction after failing to break $3000 resistance. and it has been similar with ETF and all the other things too! they came in at the right time. and sometimes they are even irrelevant to bitcoin such as the case with ETF... |
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snipped... I have only ever believed in BTC and ETH and show support for BTU. You can make stuff up all you want. Does not make it true. Due to advances in blockchain research, it was shown that significantly lower block times were possible and perhaps beneficial given the current connectivity of the internet. One of the potential risks of a low block time is a higher rate of orphaned blocks (competing blocks that do not make it into the main chain). To counter this, a GHOST protocol is used which pays for these orphaned blocks (known as uncles), adding to the security of the main chain. Instead of the main chain being "longest", it is instead "heaviest".
During the development of Ethereum, several different times and targeting algorithms were tested, eventually settling around 15s. Due to the specific total difficulty calculation used, the actual time between blocks is currently around 17 seconds, however a change scheduled for Homestead will hopefully alter this closer to 15 seconds. This is only proposed as a temporary solution, as Ethereum intends to transition to proof-of-stake, potentially offering near-instant finality. what you are saying in OP and what you quoted is regarding transaction fees not block time! let me break it down for you. you paid $2 in bitcoin, which has been the popular coin for 8-9 years and has been handling lots of transactions daily with its blocks full for about a year and has had a mempool full of 50K to 80K unconfirmed ones and block time is 10 minutes on average. in ethereum you will have to pay the same amount of fee and it is not even popular for transaction making but only for trading, the number of daily transactions for ETH is 1/4 of bitcoin and bock time is 15 seconds (~40 times faster) and doesn't have any backlog and there is no blocks are full. but the fees have been rising faster than bitcoin! now you choose between them for your transactions! You apparently don't understand Ethereum operates (gets updates) --- differently ( better management), and that Bitcoin has a chance to adjust as well, or else you help provide support for BTU. In that case you are stuck in that past. Like AOL and Yahoo! Anyway, I will for sure be supporting Bitcoin Unlimited because of posts such as yours. Caveman! it seems like it doesn't matter what anyone says you are just looking for an excuse to support buggy Bitcoin Unlimited. and the funny thing is BU is the reason why we are in this mess because they divided everything and prevented us from moving forward! |
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Lol. They are destroying the concept of bitcoin. Mainly people use bitcoin to be anonymous and I think is enough for them that the user hands them the selfie and address of their home just to get verified. Now this , that is crazy. I would have done the same and be done with them.
that is a strange thing to say, don't you think. bitstamp or any services that are offering service for bitcoin are not representing bitcoin, they are what the name suggests: a third party service. and people who are using bitstamp are not ONLY using bitcoin, they are also using FIAT and when you use fiat you have to follow certain rules, which are called Anti Money Laundering and Know Your Customer. |
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if you don't already have bitcoin then you should get it fast, actually you should have bought some yesterday. it is already too late today because price got out of its dip and we may not see another big dip like that for some time.
as for your portfolio, i think you are spreading things too much and in a couple of altcoins that are already pumped a lot. it is best if you dont over-diversify. just stick to a handful so that you can keep track of them and also don't stay in an altcoin for long.
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I'm making good profits with ETC/usd trading , this altcoins doesn't have huge volatility = its perfect for me , i bought around 14 - selling @20 , rince and repeat  from 14 to 20 is 42% rise, i call that a pretty big rise and it is actually considered pretty volatile. but to answer your question i have tried doing this with a couple of altcoins, ETC included but i was not so successful. i prefer investing in them when they are rising. that meant i invested in ETC a while back when it was extremely underpriced and enjoyed all the big profits. and now moved on to another. but i still have it under my observation because i do believe it has a lot of potential even if it doesn't show it right now. |
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What use is Bitcoin if in 9 years you cant even buy groceries with this shit
You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent
whats the point of bitcoin, if you cant do anything with this shit?
last time i checked i didn't have a gun and even if i had one i never pointed it at your head forcing you to use bitcoin! if you find no use for it then you being here (which is a bitcoin centered forum) raises a very big question! in other words you signed up more than 8 months ago on this forum and already ran a sacm Pinzi scheme according to your trust rate, so bitcoin had a lot of usage for you despite you saying otherwise... |
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-snipped-
When you remember how last summer, in the year of 2016, the largest Bitkinex trading platform in Bitfinex was hacked, then you start worrying about what will happen this year. I'm sure that the price of Bitcoin attracts more and more hackers.
who said bitfinex was hacked? that's right they said it. we don't know anything. they may have had some money problems looking for a way to buy more time. it certainly wouldn't be the first time. and hackers have always been around. they never go anywhere. the money attracted them long ago. |
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Its pretty much a good deal to sale your bitcoin guys once it reach 3k usd for 1 bitcoin, Dont waste the chance to get much money on this.
people say the same thing on nearly every price level! it was $1000 at some point if you believe it and that point is not even ancient history yet, it was the start of this year! and the same is true about all the other prices you come up with as a "good time to sell" price. they are all cheap prices until we reach real mass adoption and a high price near the 10K levels. Well here you are talking about a long run hold. Of course the adoption is small at the moment and the price will be way bigger in a few years of bitcoin. But most of the people want to get rich quick and the unfortunate truth is that bitcoin cannot make you rich anymore over night. After 10 years I wouldn't be surprised if it reaches the said 10k dollars each, but most of the people don't have enough will to hold it for that long. It's better to do your research on cryptos and which one has the highest potential to get pumped. Then throw what you can afford losing into that coin and potentially triple your money in a few days. well bitcoin was never capable of making you rich overnight! and the rises although being big sometimes were never that big to go up like 1000% llike what altcoins do. but the long term game is always a winner. price is rising at least 150% per year and nothing could stop it in the past 8 years apart from the one time Mtgox scam. in any case it doesn't matter what some people do, there has to be someone selling so that we (who know the potential of bitcoin) can buy it cheap and make the profit. it is a cruel world that not everyone can win. |
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you can easily check any of the other exchanges and see for yourself but no it is not normal.
when such a spread exists in an exchange that means either that exchange is scam or it is a dead place that has no users to trade there so the prices stay like this with a big spread.
otherwise in all other exchanges things will come to equilibrium with each other.
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Excuse me, : " a bank deposit box is the safest way to store paper wallets "  ? yes it is the safest place to store your paper wallet encrypted backup if you have a very large amount of bitcoin. the examples you included are rare cases and even if it happens you are storing an encrypted backup which is a piece of paper which most probably theives won't even know what it is! and even if they do, a strong password can not be broken. |
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that sucks, but it is strange that someone with 1700+ bitcoin didn't think of a better way of storing them and keeping additional backups some place else!
i mean that is already 4-5 million dollars you think they keep a backup in a bank's safety deposit box...
anyways do you have any source for this news
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snipped... I have only ever believed in BTC and ETH and show support for BTU. You can make stuff up all you want. Does not make it true. Due to advances in blockchain research, it was shown that significantly lower block times were possible and perhaps beneficial given the current connectivity of the internet. One of the potential risks of a low block time is a higher rate of orphaned blocks (competing blocks that do not make it into the main chain). To counter this, a GHOST protocol is used which pays for these orphaned blocks (known as uncles), adding to the security of the main chain. Instead of the main chain being "longest", it is instead "heaviest".
During the development of Ethereum, several different times and targeting algorithms were tested, eventually settling around 15s. Due to the specific total difficulty calculation used, the actual time between blocks is currently around 17 seconds, however a change scheduled for Homestead will hopefully alter this closer to 15 seconds. This is only proposed as a temporary solution, as Ethereum intends to transition to proof-of-stake, potentially offering near-instant finality. what you are saying in OP and what you quoted is regarding transaction fees not block time! let me break it down for you. you paid $2 in bitcoin, which has been the popular coin for 8-9 years and has been handling lots of transactions daily with its blocks full for about a year and has had a mempool full of 50K to 80K unconfirmed ones and block time is 10 minutes on average. in ethereum you will have to pay the same amount of fee and it is not even popular for transaction making but only for trading, the number of daily transactions for ETH is 1/4 of bitcoin and bock time is 15 seconds (~40 times faster) and doesn't have any backlog and there is no blocks are full. but the fees have been rising faster than bitcoin! now you choose between them for your transactions! |
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It cost me $2 + 12 hours to send $25 in BTC now
Ethereum will take over Bitcoin if this keeps up.
[sarcasm mode: on] this is the most rational argument i have ever heard. ethereum will replace bitcoin soon, we will go to ethereum and pay $1.5 per transaction instead of paying what OP paid ($2) and if the eth tx fee trend continues on this path we will soon pay $21 per transaction in 3 months (another 1300% rise). lets all switch to ethereum right now, transactions are so cheap  https://bitinfocharts.com/comparison/ethereum-transactionfees.html#3mi have found out that most people who say an altcoin is better than bitcoin and will replace it have never used an altcoin in their lives before which is why they only THINK they are better. i doubt OP even has an ethereum wallet to know what is going on and how much fees that shitcoin will cost him! he is just hyped up because ETH is being pumped... |
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Its pretty much a good deal to sale your bitcoin guys once it reach 3k usd for 1 bitcoin, Dont waste the chance to get much money on this.
people say the same thing on nearly every price level! it was $1000 at some point if you believe it and that point is not even ancient history yet, it was the start of this year! and the same is true about all the other prices you come up with as a "good time to sell" price. they are all cheap prices until we reach real mass adoption and a high price near the 10K levels. |
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If bitcoin shall continue to grow globally, this must also mean that the price will always, at least for many years, be steadily increasing. So it may look good as an investment. But in the long term the goal is, I suppose, that it shall be used as money? But why would people use it as money when the price is always increasing? Or do they have to wait until the investors are done?
think of it this way: you work and earn money, and then lets say you invest $1000 in bitcoin. then that $1000 grows because bitcoin price is going up and some day you want to buy some stuff. you have to buy them, lets say things like groceries or whatever. you pay with that $1000 investment which is now worth $1500. so you stored your money in bitcoin instead of putting it in a bank or in your mattress and now for your daily needs that same money is worth a lot more. I think with that example, why would anyone spend money that is growing, why not use cash or debit/credit cause you know that ain't rising in value at the same pace as bitcoin. Heck even mutual funds and stocks don't typically return on investment that much compared to bitcoin and alt coins What incentive is there for people to spend bitcoin in this scenario? Over hoarding it. because you need to eat to stay alive  you need to spend money anyways right? so why not turn that money into bitcoin first and let it be there and grow and when the times comes for spending that money it would worth more and also you can use discounts such as using Gyft.com to make even more profit when buying the same stuff you bought with fiat. |
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without SegWit price is rising to the moon, currently we are close to $3000.
and the demand is strong.
now imagine when SegWit activates and all the things you said come true. no more large backlog, no more higher fees, and no more delays. first thing that will happen is that all the money that went into altcoins will come out with their bubbles bursting. second thing is people who were a bit uncertain will come back and invest. the previous growing demand is also there.
in short if price is not going to $3000 with SegWit it goes to $6000
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If bitcoin shall continue to grow globally, this must also mean that the price will always, at least for many years, be steadily increasing. So it may look good as an investment. But in the long term the goal is, I suppose, that it shall be used as money? But why would people use it as money when the price is always increasing? Or do they have to wait until the investors are done?
think of it this way: you work and earn money, and then lets say you invest $1000 in bitcoin. then that $1000 grows because bitcoin price is going up and some day you want to buy some stuff. you have to buy them, lets say things like groceries or whatever. you pay with that $1000 investment which is now worth $1500. so you stored your money in bitcoin instead of putting it in a bank or in your mattress and now for your daily needs that same money is worth a lot more. |
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