So sad that Roger has so much influence within crypto. If he let BitPay and blockchain utilize SegWit and LN they would be so much more successful, but this rich bastard has money enough and doesn't mind holding back growth....
he is ensuring his own profitability by doing all the things he has been doing. when he fools people into buying his coin, he is making profit. when he prevents the adoption of SegWit and postpones the inevitable growth of bitcoin he is prolonging his profit making capabilities as he pushes his shitcoin on the masses.
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based on what i have seen so far it mainly depends on the type of the game you are playing. for example if you play games that are against the house (like Dice games), these games are designed in a way that ensures the house always winning in the long run so the result is that the players are ALWAYS losing.
but other games that you may play against another player (like Poker) can depend somewhat on the player's skills. so you can technically have better results in such games although luck is still the main factor deciding the results.
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Thinking out from the box, I think you are right. The beariish market condition made it possible for some potential investors to buy into Cryptocurrency. Those who were not able to get in prior to 2017. The market encourages more user participation through the low price of digital assets.
sorry to say this but that is the dumbest statement that i have read in a long time. first of all the "affordable" part which OP and you in form of "made possible" are saying doesn't make any sense. as others already mentioned 10 times, you can buy a fraction of each coin! second of all, no investor with half a brain would invest during a bear market. if you google the meaning of a "bear market" you can see that the meaning is a market where you are encouraged to sell instead of buy! and that makes sense, you never catch a falling knife. and finally you are missing the fact that it was a massive dump. so to any investor again with half a brain they see assets that have no real value in the real world (like ICO tokens) which rose up in a suspicious way then dropped 95% which means they lost almost all their price. that does NOT look good to anybody. so you can't really say investors are investing now! if you look at the volume and the history you can see that investors always invest during the PUMPS where all the altcoins are already rising to the moon thanks to their pumps.
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the manipulation can not be done by exchanges alone because none of them control enough of the market to have that kind of influence. the days of Mt Gox and controlling 85-90% of the volume in one place are long gone. these days exchanges that are gigantic only control about 8% of the volume. and you can't do much with that percentage.
but manipulation exists, and even exchanges have ways of manipulating the market (they have access to the most amount of funds that anybody can have anyways!) but saying that is all there is (as some topics around here are doing) is just wrong.
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this is another new trend that is starting in bitcoin world where people find some topic, latch on and never let it go. a couple of weeks ago it was bitcoin's proof of work and how it should be replaced, before that it was the energy consumption, before it was whale manipulation and bubbles, and before that it was scalabity and before that it was high fees, before that it was China and control over mining power, before that it was China and controlling price,... that is basically the summary of the past 4 years.
in the end there is always something these bored people talk about, they have some points too, for example we know exchanges fake their volume but these pointless articles are all exaggerating that small point to the point where it becomes meaningless.
95%? lol come out and say the whole market is fake, why bother with that little 5% it is as if only 3 person are trading bitcoin and the rest is fake.
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I still think he is a good crypto supporter and he wants to see everything succeed but what do you guys think of him owning bitcoin.com?
not exactly true. he is a businessman who only cares about making the most amount of money. that may sometimes translate into supporting bitcoin and sometimes it can mean destroying it if it means millions in his pocket. and that is exactly what he has been doing so far. the fact that he bought bitcoin.com shows that he had plans to milk this, and he has been doing that with things they advertise, services they offer, and more importantly the way they sell BCH to newbies which is money in his pocket.
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How do people create a burn address without a vanity? IF what you're saying is no way to create it via vanity, then how is it created? Surely the coincidence would be too high to create something like 1111111111111111111114olvt2.
I always thought burn addresses were just simple address to forever dump coins people can never use. Looks like I need to brush up my education.
you have to first understand what a bitcoin address is to understand how it works. in short a bitcoin address is a base58 encoding of 20 bytes with 1 initial byte for version and 4 last bytes for its checksum. we know the first one (version byte) and we can choose any 20 bytes that we want. with simple encoding you can come up with different variations (like all 1s, or even meaningful sentences) then you just have to calculate the last 4 checksum bytes (which is a hash) which is why the address looks like that (all 1s with different last 6-7 letters). (this whole thing takes a fraction of a second by the way!)now you just have to write some words like "BitcoinEaterDontSendBitcoin" conver it to byte array, add the missing bytes to make it 20, calculate checksum and you have a burn address. that 20 bytes is the result of RIPEMD160 of SHA256 of public key. since this operation is irreversible you can not find the public key or the private key of such addresses hence any coins sent to them is considered "burnt". why? google proof of burn.
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most banks so far have been this "aggressive" towards bitcoin. have you forgotten JP Morgan in 2017 where they kept bashing bitcoin and were calling it "fraud" whilst buying bitcoin in each dip?
that has been the story of bitcoin for the past 8-9 years (basically ever since it gained value people were FUDing it). the banks specifically are so scared of bitcoin because they have always feared that bitcoin is going to make them obsolete one day. and that day is approaching fast.
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Openbazaar is really great, and I do advise you to start using it - to pump its popularity is to pump crypto in general.
i really like the idea of OpenBazzar because it is encouraging and enabling a decentralized marketplace for people to trade their goods. but unfortunately i still find if very complicated to learn and also time consuming to run which may be the reason why it is not yet replaced Amazon and Ebay/
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Great thanks for the feedback! What testnet wallet does everyone use these days? I use coinomi and its pretty painful, thats another reason I was wanting to build a nice testnet web wallet with coins preloaded. i'm sorry but this makes no sense! testnet and the testnet coins are only there for "testing" your own code. it makes no sense to store these coins in some sort of wallet like Coinomi! for example imagine you were developing a new wallet and wanted to test whether the send function works, you receive testnet coins in your own wallet that you coded and test things with them.
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not, but not just because majority of those who post TA online are full of themselves but mainly because i don't trust Technical Analysis and more importantly because i do believe that even through TA can be a useful tool in the hands of a trader but in bitcoin market it won't work most of the times.
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$6850
why? first because i wanted to choose a number that was not chosen before but then because currently there is some stuff abrewing in the market and price is starting to rise up, i believe that we are at the end of the drop and at the very beginning of the rise. in 4 months from now it is a safe assumption that we will be at least back to the previous levels above $6k.
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Thanks everyone for replying! Not exactly what I had expected :-) but thanks anyway. I do realize it is not welcomed with a lot of enthusiasm by everyone, and I do understand your point of view. But please, understand mine:
- I'm relatively new to crypto, I want to / still have to learn a lot - I see a study group, a wing man, a buddy, call it what you want, as highly and mutually beneficial: learning something new in a (small) group goes a lot faster - I also want to work in crypto eventually and this will help me "sell myself": a certification by a 'consortium' is better than no certificate at all; it will look good on my CV - I don't intend to stop here, I intend to get more certificates (Andreas is working with the university of Nicosia, he retweeted something about a course today) - price is still doable; the Oxford Blockchain Strategy Programme on the other side, that's expensive (like $2k IIRC)
So please guys, I'm looking for someone to study with me. I'm not looking for a debate on certification. You're right to some extent, but that's another thread...
you have to keep in mind that this is all new for everyone including those teaching this stuff no matter where they come from, how much it costs and what certificate they give you. this may be my self-taught-mentality talking but i prefer learning more about bitcoin on my own. and there are enough resources out there that are actually good which you can start from. i myself learned most things from A.A.'s book mastering bitcoin, bitcoin wiki, developer's reference, stackoverflow and this forum. if you want to "work" eventually you must have some sort of actual contribution, have coded, some work experience,... of course a certificate is good but if for example we are giving things rate from 1 to 100 the certificate adds 1 point while having a code for instance on github is 50 to 100 depending on what it is .
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- Craig Wright- the man who created an army to solely destroy Bitcoin/BTC/whatever they call it, and ended up with shitcoins that no body wants...not even his followers that is not exactly what happened CSW abused Satoshi's name to make a lot of money which he did on top of some other scams. then he wanted more so he started advertising BCH and make some more money that way. when he was done he still wanted more money so he created a new shitcoin called BSV and made more money that way. he doesn't give a shit whether people want his shitcoin or not he wanted money and he made it. he is also involved in some companies that he is making money from that publicity he gained by being a scammer. -Help me add more lol in 2017 Dash said it will replace bitcoin, they even funded spam attack against bitcoin for some months. now their shitcoin is still dead while bitcoin is still rising...
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Segwit somehow solves blocksize problems, by reducing transaction size. So more transactions can go in a block with the same size.
Additionally it also adds new features which will allow lightning network.
OP is not asking a question here that you are answering it! OP is just sharing a link here. and you are wrong, SegWit does not reduce transaction size, it instead increases capacity by moving the signatures (witnesses) elsewhere inside transactions that way the legacy nodes still see the 1 MB cap while we have more transactions in new versions with witness.
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this "eagerness" that you are talking about has only been all about making money the easy way and lots of it. if you look back at all these useless tokens that were created, which are a couple of thousands already, they have all been created so that their creators could make a large amount of money and abandon their token soon afterwards. so in reality they are not really "tokenizing" anything, they only create a useless token while using some buzzwords to fool people into investing in their crap
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i am not sure about the more bitcoin being distributed out of the whale's pockets into the pockets of other regular "fish" in the market but i know this, whales also run out of money at some point and then they can no longer accumulate bitcoin. also i know that many of them are also altcoin traders who are currently pumping shitcoins with low market cap which you can find if you look at the bottoms of the lists on CMC. which is another sign that they are getting ready for the rocket launch.
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it is impossible to only use "cryptocurrencies" because most of them are very unreliable and nobody even has heard of 90% of their names. we only have bitcoin option which is the only reliable one and that only lacks adoption. but to answer your question, it is impossible to live without cash despite all the "digitalization" of money that has happened over the past few years.
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I think bitcoin is now moving towards $4500 for now. The market is more of the bullish trend this month than last month and I strongly believe that we are at the ranging market and much should not be expected.
unless the price actually breaks above $4200 or break below $3700 i wouldn't rush to make any predictions about where it is going to go next because things are the most unclear when the price is stable like these days. we can only be sure that the bear market is ended.
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Seems reasonable.
Though I'm more intrigued to see what effect the halving will have on the price of Litecoin as it is due around August time.
Inflation is not that big. Decreasing it by half should pump price for few %. Rest is fomo and speculations - pump and dump. How much will it pump depends on many variables like: - current bitcoin situation
- emotions on the market
- whales thoughts about future of altcoins based on transferring value
it is not a pump just because price goes up faster than people expect it to go up. and halving has always hyped things up but that only speeds up the rise that would have happened otherwise too. if it were actually a pump then it should have always been followed by a dump which it never did, instead we have only seen a simple correction before the rise continued. OP: Well its very possible. 5500 is hard to break and would need more time but 5500 is achievable in 4 months.
i don't think so. $4200-$4500 and maybe even $5k itself are hard to break but the higher the price goes the more confidence comes back to the market and the easier it gets to soar up until $10k at least.
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