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this dude is now nearly a whole year too late to talk about the "bottom"! lol.
price continued falling for an entire year during 2018 and then it reached the bottom. then price went even lower and reached the final stage at $3100 on December 2018. now after 11-12 months this dude is stating that the "bottom has passed". no shit, price has been on the rise for nearly the entire 2019 now and we are $6000 above that bottom or in other words price has gone up nearly 200% from the bottom.
i don't know where the news sites find these people...
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being new is always a very awkward position. you need to gain experience to enter an actual job and start earning but those hiring need someone with experience so they don't hire you! i have been in this position many times.
the only thing that is best to do, in my experience, is building your "experience". this means working on simple projects, even without getting paid. maybe put some of your work up on GitHub so that people can see. look at other people's work and contribute and slowly you build up that experience and can find jobs easier.
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i don't really follow these things but isn't this the same oil company that was recently attacked by Syrian drones and was shut down losing 6 million barrels of oil and lost $2 billion? how is it even profitable let alone running an IPO?!!!
in any case it is very strange to compare it with bitcoin. there is nothing in common here. it sounds like the most random comparison of all times. not to mention that bitcoin is a growing currency that is being adopted all around the world. so its growth is naturally higher than anything else.
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As for the whole crypto is not money, nobody really gives a damn about semantics as long as they are making it legal to buy/sell/mine/use.
it is only the tax authorities and they are categorizing bitcoin as "not money" because it makes it possible and a lot easier for them to then categorize it under their tax laws. if they said "bitcoin is money" then they either have to don't tax bitcoin or tax any other form of money too. like when you convert your fiat to PayPal you would have to pay taxes! |
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what's up with all these Chinese news lately? the hype or the opposite (FUD) is already dead when it comes to China. it has been apparent that people don't take any news that has China in it seriously anymore for good reasons too. it is because 99% of them are either fake or greatly exaggerated.
for example in this case, we still haven't seen any changes in adoption in China. things are pretty much as they were before with no exchanges and people who are only investing in bitcoin if they could buy it off the market.
if we are to speculate we should wait until they actually do something instead of only making statements and then make our speculations.
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I believe that bitcointalk is exactly the forum where most cryptocurrency users communicate, as well as where you can express your opinion on any company that attracts attention or is in doubt. In any case, every investor or trader if owns information, then it is safe.
Actually not. There are a lot of people that prefers to use r/bitcoin and r/cryptocurrency rather than Bitcointalk; and I'm pretty sure a huge demographic of bitcoin holders don't even use either, hence there are so much uneducated people that easily fall for these scams. to be fair people must never trust anything without first doing extensive research about it. this would be specially important when there is something as valuable as bitcoin involved. and when they start searching the first results are always from bitciontalk.org if someone had made any topics about that service (like scam accusation against cloudmining scams). |
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i am curious to know how some people find these price predictors! and more importantly why would anybody even bother with their prediction work as they don't even have a track record not to mention that this particular guess like most of them is quite strange. a big ass rise with an even bigger drop! it is not even matching the previous bitcoin price movements that we have seen so far.
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The 10min average block time was among other things set to solve problems that can and do happen when several machines find blocks at the same time.
this is an interesting question and i would love to see an orphan rate and reorgs stats for Testnet, but is there that much competition going on in Testnet? from what i understand the difficulty drops to minimum because there is nobody finding any blocks. |
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"Just an observation based on 30 + years of being a mortgage backed and Treasuries derivatives trader. Right now BTC is a very non liquid vehicle. It is traded by and followed by a lot of very inexperienced investors and speculators. OP is spot on, except left out the most important piece of his conclusion. The media and social media guppies are extremely gullible and easy to fool and manipulate. We as large institutional traders find so much easy money in the manipulation of the crypto space namely BTC. The majority of people with money in these assets read, and listen to, and react to this utter "bullcrap" put out there in the media. Most of those stories are deliberate "plants". We call it "Astro Turfing". Large speculators create a very negative fundamental story at or near low points that causes people to sell their holdings and amateur speculators to place shorts in the protocol. All the while we are accumulating massive long positions. The exact opposite is done at the highs. Traders have been establishing short positions in BTC since $ 13,500 ish on down to $9,000.00. It is extremely difficult to buy these shorts back in such large volume let alone establish the opposite long position with the low liquidity. So...we create a narrative by planting stories and postings and Social Media entries etc etc. Then the ducks come quaking. So, we feed them. The same exercise is done in reverse for long positions. I am safe in sharing this here with all of you because truth is, no one will believe me. But, That's the beauty of it. This is done in all markets. It's just easiest in BTC right now. It's been going on in the stock market for decades. A much higher level game. Yesterday's price action was not only very predictable but "set up" as shorts covered their positions and switched to " net long" from $9,000 down to $7,400.00. You would all do well for the time being to buy weakness in the price of BTC. The process is still in play. Then when the "news" is extremely good and price is high, get out. You will be in good company."
i don't really think anybody who has been around for at least a couple of ups and downs (which usually happen every month) would have a hard time believing this! sometimes it is too obvious what is happening with the way market moves. specially during times when a price move is accompanied by mass media and social media hype. for example during the drop from $6k to $3k we read on the internet that about 5 or 6 countries have banned bitcoin (an obvious lie of course) but it proves how the FUD works. |
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is the final result going to be some sort of product or service that you would be "selling" to people? if so then go to services board and post what skills you are looking for and hire developers to develop what you want. find an escrow and put their payments with that escrow until they finish the job and the escrow releases their payment.
The difficulty here lies in how to define the escrow? Is it a guarantee to deliver the code? How to verify that it is safe? Without any backdoors? How to develop the project in the future?. I do not think that relying on anonymous people to build an idea or develop a site/app will be feasible in the long term. usually when someone does something like this, they themselves have coding experience. the problem is that they either don't have the time to develop things themselves or not enough experience to do it right. so they hire someone to do it better (after checking their resume,...) and then only check the code afterwards to make sure it is safe, etc. as for escrow, there are obviously complications involved but there is no bette ralternative. trust should work both ways. |
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As for me, it's losing my private keys by accident. Also, I'm afraid that BTC dumps during the transaction.
maybe that is because you have invested more money that you can afford to lose. psychologically speaking people are more scared when they are taking bigger risks. that is why when it comes to investment they always say "invest what you can afford to lose". so maybe it is time for you to rethink the amount you have put in. |
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...
of course you can't prevent people from using a "feature" that bitcoin has. but that doesn't make uploading an arbitrary file to bitcoin blockchain less of an abuse. and this is not just my opinion! most others are sharing the same views. https://en.bitcoin.it/wiki/OP_RETURNMany members of the Bitcoin community believe that use of OP_RETURN is irresponsible in part because Bitcoin was intended to provide a record for financial transactions, not a record for arbitrary data.
since i think continuing to discuss an ancient subject is pointless i redirect you to here: https://github.com/bitcoin/bitcoin/pull/3737 |
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we have been seeing the same patterns of rise, rise, rise then fall repeated for over a decade now so it is not the farthest idea to expect it to be repeated again and again in the future for another decade too.
on top of that the market is building up and moving in a very similar fashion so far which can only suggest that we are indeed in the same patterns. right now it is similar to 2016, 2012 and possibly more matches in the past. and that makes 2020 a similar year to 2017 with big rises starting slow at first and speed up to end up in another bubble probably this time at $100k+
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in my opinion you shouldn't think about the cost (fees) or size of blockchain and scalability, and things like that. the only argument that matters is the purpose of the blockchain you are trying to insert the file into. the "bitcoin" blockchain is a place to only store [money] transactions not files. the fact that it offers a special feature with an OP code shouldn't lead you to attempt doing that. now i create my own cryptocurrency(file hosting)
the question you should be thinking about is, why do you need an immutable distributed ledger to store files? and what would be the advantage of that. for example the current existing systems have the advantage of being able to remove a file from existence. something that is not possible in an immutable ledger. so what is your plan for when (note that it is not a matter of if only when) someone uploads a malware to this ledger? or worse, things that are illegal? |
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since we are talking about statistics, here is another one for you. 90% of these statistics are completely wrong and biased. it is simply because they never spend much time in selection process, which happens to be the most important and most time consuming step of conducting a research. so instead of spending time and money on selecting a good and diversified group of people they simply choose to do the simplest thing and do a random choosing and end up with false results.
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this is very tricky info, cause you know very well, that your bank could be the winner, if we the coins you sold, were purchased in 2017..
and basically all 2019 almost all coins were in red zone..
so you are really lucky person and I'm glad for you that you made solid profit from your sale..
as for me, I do not have any deposits, but some good trades also brought me some cash..
You are 100% wrong! A lot of my friends bought in January 2019 at $3000+ and they sold at a good profit in June 2019 and also recently when the price went to $8000+ The common mistake people make, is for people to buy at a all-time-high and then not to keep on buying when the price drop. Yes, you lose money when you sell those coins that you bought at the all-time-high, if the price do not recover or exceed the buy in price, but you win, when you buy again when the price is very low and you sell at a profit. We always say, "Buy the Dip" but a lot of people are greedy and they dive in when the price is at a all-time-high.  <Then they blame Bitcoin for their losses when they sell too quickly.>  from those people that i have seen, their problem has nothing to do with greed but it is all about their lack of experience so they don't know what to do and end up with tremendous amount of fear specially when they listen to FUD. for instance take your example here. these people wanted to buy bitcoin and saw the price drop and it being a great opportunity (being at $3k while it was $20k not so long ago) but they didn't buy because they feared it might never go back up. why? because some random person on the internet spread this FUD! so they didn't buy. |
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that is a problem but i don't see it being a big one. and the problem is not what you think, the problem is that we need more exchanges so that the volume distributes more between them and as a result we see less power for them in controlling the "price". the good news is that it is already happening. in early years there was only one big exchange and some small one s (Mt Gox) it was controlling the entire market then other exchanges grew bigger and nowadays there around 10 big exchanges i believe. that shows growth. if we keep this track in a couple of years there will be 20-50 exchanges all around the world with volume being distributed among them. 2. If top 50 people hold 50% of BTC and BTC becomes the global currency, we may face once again the previous era. Being slaver to certain people.
they don't control bitcoin by having (temporarily) a big percentage of the total supply among multiple unlinked exchanges. bitcoin is PoW not PoS. |
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The London-based wallet provider offers one of the most widely-used wallet clients which includes support for Bitcoin (BTC), Ether (ETH), Stellar (XLM), Paxos Standard Token (PAX), and Bitcoin Cash (BCH).
that doesn't even make sense! bitcoin (and by extension altcoin) wallets are open source projects that are run by programmers not companies. if there is a company behind something then it is not a wallet, instead it is a highly risky centralized place which should not be trusted. and as a result they are NEVER "widely-used" at all. |
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This has me wondering - if China has two $ BILLION + crypto scams collapse within months of each other, how will their government respond!?
scammers have always been robbing the gullible sheep for as long as the gullible sheep existed. this is not about cryptocurrency market at all. the government can't do much about them either. they fool the newbies and they willingly hand over their money. and there is no force that can prevent foolishness! |
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I'm looking to implement a new method for securing a bitcoin wallet.
is the final result going to be some sort of product or service that you would be "selling" to people? if so then go to services board and post what skills you are looking for and hire developers to develop what you want. find an escrow and put their payments with that escrow until they finish the job and the escrow releases their payment. otherwise, either post the idea here and see if anyone is interested in joining the open source and free development of a new method or start developing it yourself by opening a github repository and post about it on the internet (this forum and reddit would be a good start) then if the idea was really interesting you will slowly get contributors. |
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