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ICOs are not going to die. They will only evolve into something less scammy, like regulatory compliant ICOs.
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-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
You brought some good points, except for the last one. If you refer to the fact that both have limited supply, that's a strong aspect of it. However, that doesn't make both have the same value. The value that people see in things depends not only on scarcity, but also on usability. |
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At this point, all coins in the top 20 market cap have enough good volume to allow experienced traders to perform good trades. However, if you don't have much experience on it, I would not recommend you to trade coins with less than 1 billion trading volume daily.
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As long as bitcoin is only looked at as a commodity and nobody is willing to spend their Bitcoin, also lightning network wont change much (besides of hype and therefore price increase). People need to remember what Bitcoins intention was when it was born. We should stop looking at Bitcoin as a commodity and start using it as a currency, then lightning network will be able to enfold its power and bring real benefits. Just my two cents, but I think this is important.
Thats the whole idea. Its not possible to use bitcoin as a currency without the lightning network. its too slow and the fees are way way too high. That's the breakthrough Bitcoin really needed. It will be really difficult for altcoin supporters to sell their ideas after this, since fast transactions is what most of them say when asked about why their altcoin is superior. |
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You can't stop it, even regulators can not stop it. People themselves are the only ones feeding this system, so the initiative has to come from them.
That's a free market, and in a free market, people who don't listen learn from mistakes.
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It is a stupid thing to do for any investment. When you see your investment go down, chances are high that you will panic sell, and even if you consider yourself emotionally prepared for such a scenario, you might have to sell anyway, because you'll need that money to cover your daily expenses.
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It would not make much sense, since you would not be enjoying the best features Bitcoin has to offer, but some people like to rely on third parties to manage part of their funds. In that case, it is understandable that some people like this idea.
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The time to stop buying Bitcoin is when almost everyone knows about it.... and believe me, we're not even close. When that time comes there will not be enough bitcoins for every person on earth.
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China is a major player, but most of the trades are distributed around the world. In addition, Chinese people can still buy and sell Bitcoin through p2p trading.
The good thing is that now no one can complain about China manipulating the price.
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
I dont think so. Having a non-stable price of bitcoin makes it popular. Because there are chances that its price will pump very high but also dump after all. But who cares it will be back again to its price sooner. The best thing about here is that it has no fixed price, it is not limited. That's because much of the market is driven by speculation in the current state. But once Bitcoin achieves mass adoption, stability will be much more important, especially for merchants. |
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Hi guys
I want to buy some coins in few days ..What's your opinion about it
I already have
10 ETH
10 LTC (perhaps i will sold them and buy waves instead)
20 Factom
50 000 SIA
I want to buy after 1. august
1000 WAVES
700 STRATIS
2500 Maid Safe coins
500 Game credits
350 000 Sia
5000 Golem VS 500 Pivx (i really dont know yet .. Im contemplating also 500 Lisk )
Thank you
It's not what I would be buying, except for Litecoin. But to be honest, even this would not be a good buy with Bitcoin going up like this. |
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With the current event in bitcoin I think Bitcoin is read to last for a very long time. They have a great support because of the reason such as being the first mover to decentralized blockchain and being the most popular cryptocurrency. It will take a lot of time for other cryptocurrency to overtake Bitcoin and with that, Bitcoin will continue to be the leading cryptocurrency.
It will be like this. Bitcoin made revolution and like in every aspect of life revolution will last. He will be here for very long time, even after our lifetime. Bitcoin is ment to replace someday fiat and if techno revolution continues as we progress bitcoin will replace fiat, or it will be some other crypto developed by "government". I don't agree with revolution fact for bitcoin. Revolutions end somewhere but bitcoin will last forever which means it's not a temporary innovation. It's permanent. Bitcoin lasts forever but nothing can ensure that its price will remain above $2000. And if bitcoin does not have a good price, you can say that bitcoin is death  Hope that it will always have a good value on the world market If it lasts forever, you can be sure that being above $ 2000 will be the least of the problems. |
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I recently tried setting up another mining rig but found out all the profitable GPUs are no longer available at all local stores in my country. According to the distributors, people have been buying GPUs in BULK since April 2017.
At this rate, can GPU mining still be profitable long term? 1 year from now? 3 years from now?
In such a scenario it is likely that we will see the mining difficulty increasing sharply, but if there is also a price increase, mining could remain profitable for over a year. The problem is that most of these alts are in a bubble, and it brings the risk of big losses to miners. |
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Considering the fact that the eth blockchain is growing 1 GB per day, and that the platform is ten times worse than Bitcoin in terms of scalability, I would be surprised if Ethereum becomes successful in five years.
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I agree, but for some individuals it will be difficult to understand. For many users the first thing that comes in mind is how to sell Bitcoin to get fiat. This is because they fail to understand how Bitcoin can be sustainable in the long run, because such people have not put the effort into understanding the technology and where Bitcoin's value comes from.
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It's happening as many have predicted, and it will not be much of a surprise to those who actually researched before investing. If you notice the sum of all market capitalizations, you'll see that the alts market cap has more than doubled in recent months, and we know that nothing goes up forever.
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I can't see good reasons to invest in any of these four coins, especially after they have already been pumped. I would stay with Bitcoin, and be patient until there arises a good opportunity to diversify among other currencies.
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If even the Bitcoin price can be manipulated, I see no reason why it would not occur with alts, which has less liquidity and worse distribution.
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I think the future of bitcoin have very good prospects, because I ever experience bitcoin prices very fall, but you can see for yourself the price of bitcoin now, enough to make us even really make us more passion to obtain and collect as many bitcoin.
It all depends upon the speculation and if you look at the current price of bitcoin you really cannot understand what the situation is because the reason behind the price fall ,which is scaling debate is not yet over and despite that the price recovered really well and you could make some money if you could wisely trade in this volatile market. We are going through a phase in which, in fact, speculators have a strong influence on price. But it seems that this trend is dwindling, and the price is being driven by real demand and real growth in the ecosystem, that's because there are people around the world who have found a way to make their lives easier using Bitcoin, and they buy because they use it. |
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I think that purpose is something created by us, unless you believe that all humans are predestined to something, but in that case there would be no free will.
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