Why can't core scale as some f(x) = S curve so that you would get a % increase that increased supply and demand?
why are they committed to only 1mb (or ~ 4 mb with segwit)
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[1] Why was Satoshi the first person to design a viable crypto?
I mean there must have been legions of computer scientists, IT people, hackers, mathematicians and really really smart people thinking about this
but what was it that allowed Satoshi to make the breakthrough,
both in terms of insight and surrounding tech/maths/ etc
[2] Though far more speculative but for Satoshi how long would it be until crypto was developed anyway?
[3] Why is the intersection of people across legal/finance, eg how the banking system, money supply etc is set up and how comp sci, computers, etc work so shallow?
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The problem with margin trading, on a centralised no transparent platform, is the people running it or it staff can see all your positions and have some code to just pick you off around the margins.
years ago I once had an oanda test account and it did not matter where I put the buy or sell the price just magically missed them all the time, and if I had a stop loss it was executed and then market reversed.
In retrospect, I should have opened two accounts and do exactly the opposite trades on each just to see what happened.
In any event centralised margin trading you're fucked.
even in a decentralised exchange you have the issue of not decentralized exchanges having most of the volume atm so your collateral damage.
In some senses, this is why hodl is better than trading because trading is rigged until most of the volume is on decentralised exchanges where you can verify everything is legit in split seconds like on chain gambelling you can mathematically verify the house edge.
Hodl relies on the fin/tech s curve of btc, which in my view as around 2 orders of magnitude to go.
The hard work is behind btc but the last 2 orders make the value!
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Here it comes lads....the dump we have been waiting for the next level and the 1.5 years sideways.
This should wipe out most of the no hodl.
then on to 100K~200K by 2020 or so, rinse repeat.
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...? can you explain how the charts work a bit more?
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I think we are headed to 3K and less .... should shake out 90% of everyone, and onward we go.
about 2~3 years to the next high I think?
2013~2017 - 4 years.
There seem to be too many hopefuls that i'ts going to recover in late 2018.
Essentially you have to shake out most people which then will magnify the run-up as it will be harder to get those who hold to.
We have seen a series of decreasing waves.
The next runup will be well over the 100K though, get near then blast thought to 200K then to 300K. We will need a block halving though.
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Many quarters object to bitcoin on the basis it does not have "intrinsic value".
And many quarters are correct, Bitcoin as a currency does not have intrinsic value. No currency has intrinsic value because there are no underlying assets related to the investment, it's merely a medium of exchange that derives its value based on the balance between supply and demand. SOURCE.Now, Bitcoin as an investment could have intrinsic value, but it's hard to calculate what it is. The challenge is that investment professionals don't even agree on the correct way to calculate intrinsic value. And with Bitcoin there is not underlying asset, earnings, debt, or dividends that other investments have. These metrics are used for any calculation of intrinsic value. How would you calculate Bitcoin's intrinsic value? Don't forget to show your work! I suppose there could be some argument as to the meaning of "intrinsic" However I think the valuation, and organisation of all other things is a the intrinsic value of FIAT. Eg it facilitates trade and interaction on a scale and efficiency that cannot be otherwise had.
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Many quarters object to bitcoin on the basis it does not have "intrinsic value".
What then is is the intrinsic value of (fiat) paper money?
The ability to arrange the use and value of all other things.
Bitcoin is immune to multitude of actions that a gov may take by quantitative easing, interest rates, capital controls, etc and emerges as a better means to value all other things and arrange their use.
A central plank of bitcoins intrinsic value and arrange the use of all other things.
There's a multi Trillion proposition right there.
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IF it had gone to 2K~4K we would have had the legions bitcoins is dead in the press. Just to watch it moon to 100K in 3 years.
I love filtering out the masses that you should not listen to and watching all the experts be unmasked.
Though I do accept that BTC is hard to get your head around both in terms of tech and working through the implications
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Really makes you wonder just how many spam transactions there were during the time where it was costing $20-$25 to send bitcoin’s.
Right around New Years I had one transaction stuck unconfirmed for two weeks. It was sent by an exchange, where they squeezed in many inputs (large file). At the time an average fee was around $450 for my tx - I tried to pay for accelerated service, they wanted ~ $6,000 to do that. It was a joke - a feeding frenzy... Got scammed by a couple guys from this forum...sad human behavior... why did you not change to LTC or XRP in exchange and then transfer out with that?
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what is the nem documentation like?
is it considered easy to use, if not, is this some low hanging fruit that can be easily remedied?
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Apart from half of the points you state are just untrue, do you know of any feasible solution? Bigger blocks don't solve the problem. DAG structures don't solve the problem.
IMHO a proper decentralized secure base protocol with second layer scaling beats any other proposals we have now, they all decrease decentralization and/or security at the base level.
dash seems so solve eg master nodes can afford to brute force to with hardware
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It doesn't matter, fud is always around, people need to start using bitcoin as payment method, that's it. but if everyone see bitcoin only as investment instrument it is doomed to fail. Not only bitcoin, crypto market will fail if everyone is investing in it and no one is using it.
well no. Store of value. ala gold is sufficient. i mean who buys stuff with actual gold, 5T market cap....why?
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Trading is good when a reversal is clear and fresh and there is still lots of volatility. Its very easy to earn coins in the beginning. Once things stable out and go into the slow slide, I split up my funds into an amount of cash and amount of coins im comfotable withdrawing and stop trading. Then when the next ATH is coming I either rebuy or I trade altcoins to make up the coins I lost. Missing an opportunity is better than making a loss. You have no guarantee that btc prices are going to keep rising exponentially. We are all just lucky as hell thus far.
I actually made most of my money trading altcoins. I still have the same amount of coins I've been holding since 2013 but I always withdraw the extra trading profits after the end of the bull market.
True True....I just dont see how to pick reversals both ways. I feel pretty safe its going to 21T or so as a basket of the top 4 or so. The advantages are many, especially the one that their is no off switch
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I confess I am tempted to not HODL and sell and buy back often......
however, the problem is this.
You sell at $30 back in 2013, having bought in at say $15, pretty nice right....
but say you the see the market go to the $212 and wait for it to return to $30 ish....or even $45, and it never does, get to say $70 (this is sorta close to what it did in 2013).....
Then you never buy back in until its back in the hundreds, of even $170 after the $1K high, you have just lost out much more in absolute buying power as well as % profit than you have ever made on you 100% return 15 to 30.
To illustrate, If sell at 15k, then it goes to 100K in a year or two and have been waiting to drop back to say 5K or some such.
The upside risk seems to outway any trading you can do in the interim.
This is compounded by the novel aspect of BTC, so usual rule even if they did work, really don't work here.
So then how to successfully trade? I can not see a way, you are forced to HODL and draw down from a level where you don't mind not haveing to buy back in.
So if you wan't say 100K, then you can draw down on any amount at or above that level, and be ok.
this seems to be consistent with the s curve adoption and price theory of the BTC tech ( and other tech curves)
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At the exhibition, Jobs introduced the Apple II to Japanese textile maker Mizushima Satoshi
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when it trades between two narrow levels for about 8 months to a year.
eg 4000~5000K
it was about 500~700 for ages or some such.
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when i see these threads i know its not over
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