I know that we are all perennial bulls in this forum (except maybe kwucduck), but we do have to consider the possibility of a crash. If after a crash, the price remains low for a long time, we may lose some of our crypto converts. https://cointelegraph.com/news/could-bitcoins-bubble-lead-to-long-crypto-winter
Eerie similarities to 2013
A year after the block reward halving, with media buzzing about Bitcoin, and a multifold increase in price - this is not just a description of 2017 but also perfectly fits 2013. After the block reward halving in 2012, the price of Bitcoin shot up during the following year. The price increased from around $13 at the starting of 2013 to a peak of over $1200.
The reasons for this jump are manifold (including the bots - Willie and Markus, which bought Bitcoins on Mt. Gox), but the almost 100 fold increase in price was unprecedented. The 500% increase in price of Bitcoin in 2017 appears tame in comparison. Of course, the base effect does make such 100 fold increases in price almost impossible now, with Bitcoin's market capitalization crossing $100 Bn. That's obvious if you are comparing the latest chart of the bitcoin with 2013 and what the heck is that doesn't make sense in my eyes. If you are predicting about the big crash just like what already did by bitcoin in 2013 and you may wrong about that. This time is not caused by the flash pump just like 2013. The bitcoin is really strong a lot of FUD from the government and high US profiles worth nothing and that was really bad. I believe that will be never happened for sure. |
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Hi,
Let's say I have 1 BTC on my Electrum wallet.
On 25th of October, the fork will happen.
So I will get 1BTC and 1 BTG on my Electrum privatekey.
What if I transfer my 1BTC right after the fork to an exchange and cash it out to EUR?
Will the 1 BTG still stay on my Electrum privatekey or will it be transfered / lost?
...or do I need to wait till the first BTG Wallet is released on 1st November?
How will I get BTG the fastest way? ...I really don't want to wait till BTC and BTG drumps and lose money.
The first for each bitcoin you will get around 10 - 11 bitcoin gold. If you are wanna selling your bitcoin gold as fast as possible and just try to put your bitcoin in the exchange site that will try to distribute the bitcoin gold to the users. Because you are not able to trans your amount of bitcoin gold into the exchange site until the network of the bitcoin gold itself will be alive. The best way for you to convert your bitcoin gold into the fiat pair through sell your bitcoin gold for bitcoin. |
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We already have decentralized exchanges, I think we're going to see more and more people use those.
They are all not using the decentralized exchange site but they are all try to migrating into another exchange that runs in another country such as bithumb. Bithumb volumes already filled by those chinese traders caused by the government is banning the crypto from there. But i heard the latest news the china try to unban the crypto (ico) But i don't ever hear about the truth of that news, does china unban ico or not. But some people said china already did it. |
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Does anyone know who gets the ERC20 tokens after the hard fork? And where to keep ETH coins to get those tokens? Bitrex, Poloniex, Cryptopia?
Regards
does hardfork ethereum also give us free ethereum ?, it seems hardfork ethereum is just to speed up transaction update if you mean like ETC fork to have a second chain, no i don't think so. there won't be any other chain this time. from what i understood it is a fork to change the PoW to PoS and also it will speed up transactions a little although i don't really get what the point of this is since the transactions have been fast (a couple of seconds) before this anyways. but also (again from what i understood from reading it) PoS means you can stake your ETH and make more of it. From what I've heard, yes, the hardfork will switch ethereum from PoW to PoS and change the way to earn bitcoin from mining to staking, there's no new coin such as ETC because no one is going to fork the ethereum as it seem many people agree with the decision of ethereum devs. hopefully i can stake my ETH so that I can earn ETH, but, the miners who have bought many rigs will be useless. |
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No offense to those so called experts but even a elementary school kid can see that bitcoin is headed towards that direction, bitcoin is above 5800, it only needs one little push from the bulls and we are going to reach that amount, and second there does not seem to be a mention of bitcoin gold in the article which in my opinion is the most likely reason for the spike in the price. I agree that it isn't that difficult to see that Bitcoin is aiming for 6k+. This was the overall opinion by lots of traders and investors since a few weeks now. These so called "experts" are not that much smarter or experienced as the daily trader or investor in the Bitcoin space and crypto in general. Where I disagree a bit is that Bitcoin Gold is having that much of influence for this price rise. It's a factor, that's for sure, but not as big as some might think. They're called expert not for nothing, I'm sure that they've experienced in reading or analyzing the chart and many factors that could affect bitcoin price, might be a trader aswell so asumming that they're not as smart as daily trader or investor, is just doesn't make sense. |
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I need your opinion about having bitcoin for payments in online games, it is good or nah?
Using bitcoin as payments for in-game items and upgrades is very useful since many people are capable of technology devices though bitcoin and online games are done by computers.
I thinks its very efficient for me as a gamer and a bitcoin user to have a transaction or payment like that.
Having bitcoins as one of the methods of payment for online games carries both advantage and disadvantage. It would be a lot faster and cheaper to use bitcoins but the value of bitcoins is so volatile that the gaming companies might use it to profit more. They might just open the payment method only in the season when bitcoins reaches peaks and closes the market when bitcoins are sloping down. Your point is wrong, video game copy provider use payment gateway that make the rate fixed and they'll receive fixed amount of money, but, the speed of transaction will be a disadvantages for someone who might think to use bitcoin as payment method, if the payment gateway need 1 confirmation, then you need to wait more than 15 minutes just to get 1 confirmation, and the fee itself is more expensive than bank transfer, I doubt that if you even have tried to use bitcoin for buying stuff lol. |
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I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made.
You answered your own question. There's more to it, I think, since there are other altcoins which gained some popularity right after Bitcoin was first released. The difference is that they still lack the infrastructure around them, they have almost no merchants accepting them outside of the crypto-sphere. You could say that Bitcoin is slowly losing its dominance, especially when you look at the market cap of Bitcoin vs altcoins (ETH), but that has more to do with speculation than anything else imo. I believe it is because of its value, when bitcoin started it no one even bothered to think of it as an investment opportunity but now everyone is getting hype of getting atleast 1 bitcoin which makes it very popular specially this year 2017. \ I think it's not just because the value of bitcoin but rather the volatility that make people want to take opportunity of making money from this. If it's about value, there's also some of altcoins that have price far above bitcoin but rarely known by people. |
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whereas Russia is banned Bitcoin, but why the price is still high,  unlike China yesterday when they inaugurated Bitcoin banned immediately also bitcoin prices fall, emm, I think they failed to drop the current Bitcoin price, lol  LOL people are already know that such regulations can't stop them to trade and hodl bitcoin, they already learnt from the past when china trying to ban bitcoin but just fail. see now, every government regulation that against bitcoin released, the price didn't shaking. |
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Many people already said this, eBTC is just a project that worth nothing, the whitepaper or else they provide is just bullshit but people keep defending the existence of this shit coin.
why people are buying a coin that is made of thin air, because people are just too dumb to realize that its worthless
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To be frankly, almost all of my altcoins that I hold is dropping so hard, and it's mainly because the HF of bitcoin that soon to be coming and the price pump for bitcoin
just like as you said, it's hurt to see the altcoins we hold dropping down, but lets see after HF ended, all altcoin will be pumped again.
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is it true bitcoin will split into two more? because it is hardfork october this? hopefully the price can skyrocket: D it's true, people who hold bitcoin before a snapshot taken from the bitcoin blockchain will probably receive bitcoin gold in 1:1 ration since the supply is as the same as bitcoin. its also one of many factors why bitcoin price right now pumps a lot. |
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there are a lot of missunderstanding in your knowledge,
first of all,chinese did not ban Bitcoin.but instead they're stopping it at the moment because they want to regulate the exchanger.
chinese banning their people to create and participate in the ICOs,to prevent the investor interest.
while korean banning their people to create and get involved into their local ICOs.
i think i understand what you're talking about 'world leader',
japan is the first country that support Bitcoin openly,first they're monitoring their exchanger for a few months and then
they regulate it directly.
which mean they're openly support it and implement it in their country.
and yes,i think they're the leader in cryptocurrency in term of implementation and support
I guess it's tiring reading people with almost zero knowledge to the regulation by goverment lately creating nonsense topic. but japan is indeed will be the country that lead the growth of bitcoin, it's bitcoin friendly, endorsing bitcoin, and have accepted bitcoin as a legal tender. |
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It's increasing now and definitely after the fork and when the btc holders already gets the bitcoin gold,then they will start selling again their btc to buy some alts, that3 the trend wvery fork.
Buying alts with BTC after the BTG fork will be foolish, in my opinion. Look at what happened after the BCH fork. The exchange rate of Bitcoin increased by almost 50% in a month's time (which was more than that of the altcoins). What you will do, if the same happens this time? My advise would be to wait a bit before jumping in to altcoins. Things might be different in this hard fork, after people receive their BTG, they could just move it to altcoin without even thinking about the price of BTC anymore, maybe you think that 50% increase in form of BTC is such a big deal, but with altcoins, you might get more than 50%, and also, the price of altcoins is rather lower than bitcoin. |
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In the past, maybe what you say can be the truth. The old top 10 coins like namecoin and feathercoin are gone and all are losing values compare to bitcoin. However, this already have not been the case anymore. One good example is ethereum whereby it is recognised by the general and that is why it shot up in price. Even major fiat exchange recognised it and include ethereum in their system like gemini, coinhako etc.
Ethereum gaining its popularity lately, unlike namecoin and feathercoin, ethereum is backed up by every new project and by its smart contract, it's used by so many project to create ICO by offering ethereum blockchain asset, means, Ethereum have bright future and always gaining demand by the appearance of new project. namecoin and feathercoin as you mentioned, seem just copycat of btc without unique feature I must say. |
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I think only a few have a future and 99% of altcoin will fail ... this is the reality of life
Sorry but that's totally wrong, altcoins are progressing now and they are also capturing the market although it is still dominated by bitcoin. There are good and bad altcoins and we should be responsible on choosing the right one. But still, majority of the altcoin will fail as mentioned above, the only good altcoins that have solid developer, good progression, and big community, will stay, the rest will be eliminated by natural selections. you must realize that everyday, a new project created, smart contract deployed, altcoins with unsoild dev and bad progression will turn to dust. |
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Ethereum will continue to grow for the next 5 years but whether it will be as big as bitcoin right now, i am not too sure. Bitcoin has become the core crypto currencies but eth is not. Eth is a platform for smart contracts like ico etc. But there is a lot of upcoming coins that is able to fight with eth. One main competitor is neo, where it allows faster transaction like 10k/s while eth is 15/s, neo also include more coding language so it is easier for adoption.
Bitcoin is like the mother of all cryptocurrencies, almost all of the altcoins out there always use bitcoin as their base price rate and that's why bitcoin is unreplaceable by ETH or many more. and if you realize, bitcoin is the only one cryptocurrency that spendable in so many stores, and known by many people, while ETH, only known by tech savvy. |
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More and more countries are planning to regulate ICOs. China, Canada, Russia,... I think this in an development nobody can stop. Do you think it is good or bad that ICOs will be more regulated in the near future? What positive and negative influences will it probably have?
I think there will be more investors like professional managed funds or even retirement funds which will invest into ICOs. The prices for ICOs will then become even more expensive and make it more difficult to make profits for small investors.
Banning ICOs i am against, however regulating ICOs i'm not that worried about. Anything in moderation is good, unregulated ICOs may result in shit projects popping up all the time that are trying to suck investors money away. But banning it is a bit too extreme in my opinion. But then, even if every single country does ban ICOs people will just find new ways to invest into cryptos. Agree that banning is just too much, but there's always reason behind government movement, they may think that banning ICO is the best way to do since maybe so many people in that mentioned country have been scammed by many fake ICO projects and it could unstabilize their economy, so many people are losing money and becoming poor too. |
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Clones of BTC, especially with the bullshit concept like bitcoin meet ethereum is just a money grabber for the developers, and there's a trend to "digitalize" any existing popular coin into some kind of smart contract token through ethereum smart contract, if you know it, the devs are just trying to grab people's money. if it's free, you should get involved just like airdrops, and if you need to pay for the coin, never.
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I think it will not happen because digital currencies are different compare to fiat.
As I know , digital currency or cryptocurrency just consider as alternate investation , a risky investment but they have some advantage compare fiat for example : cheaper fee and faster transaction
Please explain me how 0.0003 which equivalent to 1.473 USD at the time I'm writing for an average transaction with an average size is cheap. While with bank transfer, they sometimes don't charge anything as long you transferred into the same bank company. and one more, I can't get why bitcoin is faster while a confirmation usually takes 15 minutes while bank transfer is just few seconds after you choose transfer. |
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Hello everyone,
I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.
If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?
Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?
I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.
Cheers.
It is fairly possible to withdraw huge amounts of bitcoin since it is an investment. A user should be able to take as much as what the users deposits for it to work in the first place, it has a lot of users so it possibly has a huge amount of server storing bitcoins for investors and others smalltime users that wants to get involved as well. "since it is an investment" is not the right reason to justify that everything could be withdrawn as long as it's investment, there's so many regulation that limiting the withdrawal from exchange, a money you have in bank, and many more. if you withdraw money as big as $20,000,000 then you need to inform your government and to accumulate the possible taxes. |
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