It's going down because of the hard fork that is going to happen.
Therr will be double the amount of coins. Ao that at least halves the current price. And one, if not both of the chains will die out quickly and it will all be a giant mess in the ecosystem forcing people to move to safer and better coins. Dropping the value even lower.
That's how so many experts, including myself, are certain it will drop under $1000 soon.
The hard fork might actually be good for Bitcoin in the long run. It could put an end to the scaling debate, if one of the coins is wildly successful. We can withstand the intermittent volatility. |
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Wolf of Mt. Gox Mark Karpeles Faces Music in TokyoThe biggest and most notorious Bitcoin exchange hack will be scrutinized in a Tokyo court this week as Mt.Gox’s Mark Karpeles is brought before the law to answer charges of embezzlement and data manipulation. “He is keeping calm as the trial gets under way," his lawyer Kiichi Lino said, also stating that Karpeles plans to plead not guilty. https://cointelegraph.com/news/wolf-of-mt-gox-mark-karpeles-faces-music-in-tokyo Even in a developed country like Japan, with a supposedly efficient law enforcement mechanism, it has taken 3 years for Mark to come to trial. Those who have lost money at Gox have waited a long time for this. |
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I always thought of buying bitcoin but always pulled back and I always regret it not doing so at that time when it was under $50 coz at that time I thought it was still expensive. But now it's 2500+ and I don't know if it's still a good idea to buy or not? Someone says price will go to zero because Ethereum has arrived and some other says price will reach to 1 billion which is a ridiculous no. So, experts please advise what shall I do? I have roughly 10k reserved to invest in cryptocurrency?
If you had an opportunity to buy it when it was under $50, how come you are still a newbie in this forum?  You would probably qualify more as an expert than the people around here. I got my first BTC @ $40...and I'm a "newbie" Just sayin...    Your account was registered in 2013 and OP's account was registered a couple of weeks ago.  It is hard to know about Bitcoin for years, and not get tempted into buying some. |
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I always thought of buying bitcoin but always pulled back and I always regret it not doing so at that time when it was under $50 coz at that time I thought it was still expensive. But now it's 2500+ and I don't know if it's still a good idea to buy or not? Someone says price will go to zero because Ethereum has arrived and some other says price will reach to 1 billion which is a ridiculous no. So, experts please advise what shall I do? I have roughly 10k reserved to invest in cryptocurrency?
If you had an opportunity to buy it when it was under $50, how come you are still a newbie in this forum? You would probably qualify more as an expert than the people around here. |
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China's central bank adviser considers Bitcoin to be a financial asset and not money, calls for the government to create its own digital currency. The widespread adoption of Bitcoin among the masses has made it part of the global economic system. While the number of Bitcoin users continue to grow, there is still a lack of clarity about the cryptocurrency’s status in the financial system. Countries like Japan have already assigned a legal position to Bitcoin as a currency, and there are others that are mulling regulations to bring the digital currency within the purview of the country’s legal structure. Read moreThis is good. If they don't consider it as money, the Chinese will regulate it less. The PBOC has a lot of influence on how Chinese invest and consequently they can influence global Bitcoin prices. |
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DJI and all major/minor stock indexes around the world in a bull market since the end of 2016.
Bitcoin and almost all altcoins are in the bull market almost since the same time.
Do you think these are the same whales that are trying to make some money around anywhere?
I am expecting a correction in stock market very soon. Is this correction affect cryptocurrency positive or negative way?
Do you think bitcoin will go in bear market if stock markets go in? Or the whales in stock market will move the monet into the coin market?
Nope, when stock markets crash, people tend to go for safe assets. This usually means t-bills and gold. Bitcoin may be called digital gold, but people still consider it as a risky asset. |
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While a drop in number of unconfirmed transactions and fees is good news, it doesn't really solve the problem which has plagued Bitcoin for more than a year now. We need to scale up and do it soon. A few transaction spammers have the ability to make transaction confirmations painfully slow currently.
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I think that it may too soon to know if the Bitcoin Ecosystem is "antifragile" or not. It HAS survived attacks and other problems, and is fairly near its all time high.
I think that we need to see what happens after August 1. If they solve (at least for a while) the scaling problem(s), then that would mean that BTC would get stronger.
Another big test would be if the governments of the world go after BTC in a serious way...
IMO, we will have to see.
I read N. N. Taleb's book Antifragile. Highly recommended!
True. Bitcoin may be resistant to shocks outside, but what happens when force is applied from within the community? The biggest test of Bitcoin's resilience would be in resolving the scalability problem. |
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I'm curious to know how people follow the daily news. You got this forum, Reddit, Youtube, Medium, Slack etc...what works best for you?
You can pick any one of the numerous crypto publications - cointelegraph, coindesk, etc. Plus an actual search on google news throws up the best results. |
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It is not just the crypto and the fiat which were stolen. The personal information (including passwords) of thousands of Bithumb users were stolen as well. This is going to be very worrying.
This is worrying. Even if you do use different passwords in different websites, the possibility of the hackers using the personal information for social engineering is unsettling. Even people who didn't lose much money have cause to worry. |
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Hello, You clearly realised that , we are experiencing a dump. I think it will continue , I would like you though on the lowest bitcoin price in order to buy it. Share you thougts This is a correction and if you are planning to buy, this is a nice time to buy. It might be the lowest point and you will not realize it. Sometime, you just have to go ahead and take the plunge. |
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How can you expect any other groups to adopt something when the current people that gather around it cannot even speak. It is people like this that make us look bad and make us look like a bunch of lost sheep.
For other people, it is just a means to transfer value. They don't care about the infighting within Bitcoin users. That shouldn't stop porn users (or anybody else) from using Bitcoin to make payments in a secure and private way. |
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Entering your private key into an online computer kind of defeats the whole purpose of cold storage. The best way is to sign a transaction using an offline computer, copy the signed message and then broadcast it.
It is best to be paranoid while dealing with bitcoins.
Thanks! So to sign a transaction using an offline computer, I would need a bitcoin wallet installed on Offline computer. Right? If I just have a paper wallet, then? That is correct. You need to have a bitcoin wallet, like Electrum, installed on your offline computer. Then you can import your private keys and sign a transaction. |
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For those know how to optimize every aspect of mining - it's a gold mine. Other who aren't as dedicated and innovative they will lose out and eventually their efforts are rendered obsolete.
I think even if you try hard and optimize, the mining game as over. For individuals, it doesn't make sense to try and mine bitcoins these days. You would be better off trying to mine some altcoin and selling it on exchanges. |
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What I can say is, expect some sort of panic sell on or just before 1st august because people are genuinely scared about having two chains running alongside each other, the whole community will be divided even further and bitcoin will be seen as having 42 million instead of 21 million coins to an outside commentator which will obviously mislead people into thinking that bitcoin just like fiat can be freely printed.
I doubt if people can be misled into believing that there are 42 million bitcoins. Even if a hard fork does happen, I hope the price war between supporters of both chains is short and swift. We just have to which chain is the winner and move on. |
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You can't spend, transact any Bitcoins while you are offline, the easiest way after Electrum sweep and or import is by trying blockchain.info import your address as watch only and when you click on send or spend it will ask you for private key. Stop being paranoia and trust me when I tell you, no body is ought to get your coins that easy. Now tell me how many BTC you have BTW? I could pick some of them from your shoulders if you feel burdened. lol Entering your private key into an online computer kind of defeats the whole purpose of cold storage. The best way is to sign a transaction using an offline computer, copy the signed message and then broadcast it. It is best to be paranoid while dealing with bitcoins. |
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Too many errors to count here. Once again we have coins being stored in an online exchange. Will folks never learn?
Apparently, only after costly mistakes. 7 BTC for this victim is a pretty high price to pay. Previously, people used to leave bitcoins on exchanges purely for convenience. Now, it is to avoid frequent transaction fees. |
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Virtual payments are fast displacing cash, but not completely and not everywhere. Bitcoin still has a very long way to go before it displaces the likes of paypal.
Paypal, VIsa, Mastercard are established players. They can't be dislodged easily. Only when the advantages of Bitcoin (in terms of price saving) become apparent, will Bitcoin stand a chance. |
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What if the best speculators are just whales of sufficient size to enact their own predictions?
Why would they need to speculate? They can just time their trades and move the markets on their own. They hardly need to give out predictions. |
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