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Global banks are trillion dollar enterprises and have histories spanning hundreds of years (sometimes). I don't think institutions with such power and reach care too much about Bitcoin as it isn't much of a thread right now. In any case, Bitcoin is just another form of money, it won't be long until the banks have a stranglehold on the cryptocurrency economy too.
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The easiest time to know when to see is when the market moves more than 10% down in a day, it's usually best to sell out as soon as possible once you notice this movement because it tends to indicate a more severe drop is on the way, so you can sell out at a 10% loss, but then buy back in at the base of the dip, ending up with more BTC than you started with.
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I've had this more times than I can count, luckily for me usually when I go to purchase a cryptocurrency the value will start to drop as I'm in the purchase process, meaning I usually chicken out before I actually end up buying in. Of course, moments later after I just chickened out the price begins to rise and the FOMO begins again. This cycle usually repeats a few times and I never end up buying in. So here's my advice, don't buy in if you think it's FOMO, simple as that.
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In terms of transaction fee, Bitcoin is already hugely more efficient than banks so that's one strike off the list. The only thing Bitcoin needs to improve is the energy cost of its transactions, which I believe is actually somewhere around $300 per transaction if you really do the math. Though of course, the energy expenditure of the Bitcoin network isn't correlated with fees, yet many people do make this calculation regardless.
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Right now there is not much to say. Artificial INtelligence is just a hype word thrown around by every single ICO looking to cash in on the frenzy. Artificial intelligence is going to improve all areas of life that is for sure, but for blockchain that is still some time away. It is never a good idea to try to merge two incomplete technologies that is just asking for disaster
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Roger Ver is an advisor that is pretty much paid to shill whichever project he happens to be affiliated with at the time, quite successfully I should add. Segwit will be enough for now, especially since the market volume has died down as of late, but we will definitely need some second layer solutions if we see the volume that was happening last Dec.
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50 Cent is just an image, record labels set him up with nice cards, suits and events that demonstrate wealth, but in reality he is in severe debt. This is a lot more common that people actually think, I have heard about celebrities faking it until they make it for a long time, but it actually turns out to be true, particularly for rappers.
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If you see bots report them in the reputation system bro, every little helps make this forum a cleaner and better place to be in. The forum has definitely lost quality since bounties started to become popular, or maybe Theymos shoul just create a seperate forum for them.
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I don't think that the goal was to delay shitposting, but rather to eliminate or at least greatly reduce it. Obviously stronger rules are needed to completely stop it, but there has to be a middle ground to make the forum hospitable for new members. A long time ago Newbies could only post in the beginner's section, which obviously isn't very useful at all.
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I've got a better idea - don't allow bounty managers to award any sMerits.
Probably pointless as I doubt most bounty managers even have many merits, nor care enough to give it to the newbies. I do think that being a bounty manager and merit source should be mutually exclusive though as otherwise it couldeasily be used just to gain a competitive advantage. |
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Although this year has been a very volatile year for bitcoin, but one thing has always remained whenever this amazing digital cryptocurrency goes down, it bounces back much stronger than it was before. This is hope that keeps most crypto enthusiasts like myself who are resilient and have compelled us to develop a strong faith in this amazing cryptocurrency called bitcoin.
Cryptocurrency has dipped about 10 times this year and has never bounced back stronger than its last peak.... This is exactly the opposite of what you just said. I do believe that for the long haul we will see amazing growth, but it's gonna be loooong(cat). |
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Yawn nobody cares about your loss, there are people who bought in at 4x higher than you, I think they have a reason to complain, not you.
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Personally I think game blockchains like Loom have a lot of untapped potential, I can just imagine a big AAA game like DreamTeam or some other sports card or playing card gaming making a hugely successful game with game tokens. It will be a while before we see this though, probably at least a yr.
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Beautiful arbing opportunity, but getting money across Iranian borders is not easy or so I hear. I have an Iranian friend who told me that there is string rules about how money is moved in and out of the country, making it very difficult to work with.
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True story, these words have literally no meaning when it comes to crypto. The best time to buy is the time when you have enough spare capital to invest, and are confident that you have made the right choice. If you don't have either of these, simply don't invest yet, as you're not going to become super rich either way anymore.
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Changing around 5% within an hour or two is nothing out of the ordinary when it comes to cryptocurrencies, volatility is pretty much part of the package and should be expected. When you start seeing significant drops very quickly (over 15% or so), then you might want to ask questions about wtf is happening.
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I don't believe that Bitcoin will kill banks outright. They have been around for over 1000 years now, it will take more than just cryptocurrency to get rid of such a deep rooted insititution.
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As the above reply mentioned Tether is to provide liquidity to exchanges, not to the user. Also recently Tether has released a transparency report to justify their claim to be backed by USD. https://tether.to/fss-report-transparency-update/Here you can see some interesting quotes from the report: To address allegations head on, we wish to make a few things clear: All Tethers in circulation are fully backed by USD reserves. Full stop. Memoranda, consulting reports, industry leaders, cryptocurrency pioneers, and competitors have all confirmed this. Reserves have always, and will always, match the number of Tethers in circulation.
Tether and Bitfinex have both, since day one, maintained strong, open relationships with banks, financial institutions, regulators, government agencies, and law enforcement. We are not alone here; this is standard practice for any globally compliant financial platform with millions of users around the world.
It is also mentioned in this report with the link that FSS, a Washington based law firm conducted an interview and investigated Tether and it's bank accounts. FSS Report link: https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdfThis FSS report confirmed that all Tethers in circulation as of June 1, 2018 are fully backed by existing USD reserves. You can check out these reports completely and do further research on it but as of now, Tether is completely backed by USD. Anybody got any clue where this USD actually comes from though? I understand that Tether means your money is literally covered 1:1 with fiat USD of the same amount, but there is no real information explaining how this process works, or what the driving force behind it is? |
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Almost none. Most altcoins have not fulfilled their road map goals and have hence achieved close to nothing. The biggest insults are the platform coins like EOS and NEO that promised to change the world and yet this change remains to be seen. Altcoins are just stealing space from BTC in my opinion.
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Well, the energy requirements of Bitcoin certainly aren't something that should just be brushed off, I personally don't think that the current system is sustainable, if only a small fraction of the planet is mining right now and it already draws 1% of the global energy expenditure, then increasing the user base by 10 fold will lead to it being 10%, that's just insane!
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