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Author Topic: something we can all be happy about  (Read 2255 times)
jonald_fyookball
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May 04, 2017, 02:59:24 PM
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May 04, 2017, 03:09:45 PM
 #2

It's nice to see ETC getting some attention.  I suppose the Ethereum Foundation has stopped gradually dumping huge amounts of it on exchanges.

Just goes to show that cryptocurrencies don't all have to be in competition with Bitcoin.  Bitcoin's decreasing percentage of the total cryptocurrency market cap shows diversity, not opposition.


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May 04, 2017, 03:11:14 PM
 #3

What's the starting point for these numbers? Is this growth just for today? Bitcoin up by 7% gives me that hunch, but I'm surprised all the others are up.

Where's Doge? Much missed.

This cryptocurrency run is a powder keg. There are three coins on there that are legit - Bitcoin, Litecoin, and Ether. What are the rest used for other than speculation? What retailers actually accept zcash or augur or golem for example?

This reminds me of a line from a movie - bitcoin is my crypto-currency, there are many like it but this one is mine...

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May 04, 2017, 03:18:21 PM
 #4

What's the starting point for these numbers? Is this growth just for today? Bitcoin up by 7% gives me that hunch, but I'm surprised all the others are up.

Where's Doge? Much missed.

This cryptocurrency run is a powder keg. There are three coins on there that are legit - Bitcoin, Litecoin, and Ether. What are the rest used for other than speculation? What retailers actually accept zcash or augur or golem for example?

This reminds me of a line from a movie - bitcoin is my crypto-currency, there are many like it but this one is mine...

Zcash has the best underlying privacy technology (zk-snark) and has good corporate backing. I think it will be a leader in getting Crypto accepted and used in business-to-business transactions; Augur is for prediction markets, Golem is for distributed computing.

All the major alts now have serious use cases, even if we are still early in their deployment. So the breezy dismissals of them by some Bitcoiners are now badly out of date. This isn't 2014. Bitcoin may remain a flagship, though that remains to be seen. But it is the flagship of a large and growing fleet, not a single boat.

Luke 12:15-21

Ephesians 2:8-9
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May 04, 2017, 03:21:47 PM
 #5

Zcash has the best underlying privacy technology (zk-snark) and has good corporate backing. I think it will be a leader in getting Crypto accepted and used in business-to-business transactions; Augur is for prediction markets, Golem is for distributed computing.

All the major alts now have serious use cases, even if we are still early in their deployment. So the breezy dismissals of them by some Bitcoiners are now badly out of date. This isn't 2014. Bitcoin may remain a flagship, though that remains to be seen. But it is the flagship of a large and growing fleet, not a single boat.

Haha, well thanks for the education! I will consider myself part of the Bitcoiner crowd offering "breezy dismissals". But I'll now offer the respect deserved.

If Z cash could be used for business to business transactions, are we talking intercompany purchasing or true business to business?

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May 04, 2017, 03:22:46 PM
 #6

What retailers actually accept zcash or augur or golem for example?
Retailers don't accept Litecoin or Ether either, and very few accept Bitcoin.  No cryptocurrency will have its price based on its utility, ever.  Their price is only based on the money that people hold in them, and utility is part of the reason why people hold money in it but they don't just put it in, spend it and be done with it.  People also don't only hold money in PayPal that they're spending that second.

And yes, it's daily price changes.


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May 04, 2017, 03:37:57 PM
 #7

Zcash has the best underlying privacy technology (zk-snark) and has good corporate backing. I think it will be a leader in getting Crypto accepted and used in business-to-business transactions; Augur is for prediction markets, Golem is for distributed computing.

All the major alts now have serious use cases, even if we are still early in their deployment. So the breezy dismissals of them by some Bitcoiners are now badly out of date. This isn't 2014. Bitcoin may remain a flagship, though that remains to be seen. But it is the flagship of a large and growing fleet, not a single boat.

Haha, well thanks for the education! I will consider myself part of the Bitcoiner crowd offering "breezy dismissals". But I'll now offer the respect deserved.

If Z cash could be used for business to business transactions, are we talking intercompany purchasing or true business to business?

Well, we're just talking my opinion and off-the-cuff comment, so it's not worth much. But my understanding of ZCash is that the protocol provides a more elegant privacy solution, while simultaneously allowing for auditability in a secure and controlled way. In other words, businesses or individuals can have private transactions (no competitors seeing everything they do financially on a public blockchain) without using mixers or additional complications. But on the flip side they can open their books to 3rd party auditors, government investigators, other businesses looking into investing in them and so on, in a way that allows the auditor to be sure they are getting the full picture without compromising the Zcash users security. That strikes me as the right mix to overcome some practical obstacles that have been holding back businesses from getting significantly involved with crypto for internal operations and B-2-B transactions.

Luke 12:15-21

Ephesians 2:8-9
cellard
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May 04, 2017, 03:54:08 PM
 #8

What retailers actually accept zcash or augur or golem for example?
Retailers don't accept Litecoin or Ether either, and very few accept Bitcoin.  No cryptocurrency will have its price based on its utility, ever.  Their price is only based on the money that people hold in them, and utility is part of the reason why people hold money in it but they don't just put it in, spend it and be done with it.  People also don't only hold money in PayPal that they're spending that second.

And yes, it's daily price changes.




And this is why BTC will remain number 1 as long as we don't see real use cases to pay with crypto for stuff you can already pay with fiat.

Sure, to make transnational payments to a relative or a friend, crypto shines, but how often do you need to do that? not very often. So most people treat BTC as gold. The rest of cryptos, just to speculate to make and hold more gold (BTC).

Once physical cash is removed, we may see a higher demand of BTC to use it in exchange of daily services. Until then, BTC is king as a gold alternative and will keep going up.

And some alts will make people very rich in a quick way, with the higher risk of getting involved in alts.

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Rahar02
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May 04, 2017, 04:23:20 PM
 #9

All of those funds flow into cryptocurrency which indicates people trust it more than before, more money, more adopters as this world growing bigger, unlike the usual trading day when some coins rise and others fall.
But, unfortunately Op didn't screenshot another one,  but sort from the highest price and we will see the highest rate from bitcoin and so on, yeah take a look for a while.

unamis76
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May 04, 2017, 04:26:25 PM
 #10

Well, this is actually sad, because it means I can't pick up coins at a cheap price...
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May 04, 2017, 04:34:37 PM
 #11

I really like to see that golem price is building up, im hope it will reach far more than 0.25$, and will increase its volume.
Im currently in it, already bought some around 2 weeks ago, and I cant really regret!

Also, this almost 10% rise of ethereum classic is a good sign, I was willing to buy some lately as a diversification: but its too late i guess!

Anyway, im very happy about the bitcoin price. It crossed 1500 level rewlly violently, and we can already see that the volume is also increasing among the exchanges.


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dunfida
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May 04, 2017, 04:35:23 PM
 #12

Well, this is actually sad, because it means I can't pick up coins at a cheap price...
I feel the same way and its really sad we cant purchase them already on a lower price.I did engage most of them but sell off on a cheaper price but still okay after all as long I do have the profits. LTC is moving now with 1B marketcap which indicates its potential and also to ZEC I thought it was dead already but now its included on top coins.Holy cow



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May 04, 2017, 04:58:51 PM
 #13

Whole crypto is dragged up by ethereum for a few months now thanks to the adoption by corporations and institutions. This dragged everyone's attention to public cryptocurrencies, and they are not buying only ether, but bitcoin and others aswell.

Plus, there are parts of the world where you still can't buy ether directly so they have to go through bitcoin to buy ether, which is also increasing every other coin's price because there are more money to speculate with.
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May 04, 2017, 05:00:24 PM
 #14


I feel the same way and its really sad we cant purchase them already on a lower price.I did engage most of them but sell off on a cheaper price but still okay after all as long I do have the profits.

there will be many who regret not hodling. 

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May 04, 2017, 05:14:19 PM
 #15


I feel the same way and its really sad we cant purchase them already on a lower price.I did engage most of them but sell off on a cheaper price but still okay after all as long I do have the profits.

there will be many who regret not hodling. 
It's more likely that there will be many who regret not selling.  Altcoins often have sections of going up and down, it's just that this one is more dramatic than before.  Some of the altcoins like ETH and Monero will stick around, but plenty of those altcoins are going right back down again.

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May 04, 2017, 05:57:57 PM
 #16

No cryptocurrency will have its price based on its utility, ever.  Their price is only based on the money that people hold in them, and utility is part of the reason why people hold money in it but they don't just put it in, spend it and be done with it.  People also don't only hold money in PayPal that they're spending that second.

I think you contradict yourself: "No cryptocurrency will have its price based on its utility, ever" > "Their price is based on the money that people hold in them" > "and utility is part of the reason why people hold money in it"....so yeah, a coin's utility, a currency's utility DOES have a direct impact on its value.

To think that majority of people owning a cryptocurrency do so to hope the price goes up is very dangerous, because there's no need for so many versions of cryptocurrency that provide the same utility. It's a set up for a huge bust in the value of the cryptocurrencies that don't have a utility that compares to bitcoin or ether.

Full disclosure on my knowledge - I don't know all of the utility these other coins offer.

PayPal isn't an accurate analogy. PayPal is not currency. You can't buy "PayPal coins". PayPal is on the same level as cash vs. debit card vs. credit card vs. wire transfer vs. Venmo...it's just a channel by which people submit currency.

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May 04, 2017, 06:27:18 PM
 #17

Zcash has the best underlying privacy technology (zk-snark) and has good corporate backing. I think it will be a leader in getting Crypto accepted and used in business-to-business transactions; Augur is for prediction markets, Golem is for distributed computing.
However,Zcash is really insecure when it comes to privacy.The critics say,they developers indirectly have access to your private keys which is not only bad but a big NO.The price drops in the early stages is enough for me to stay away.

Well, this is actually sad, because it means I can't pick up coins at a cheap price...
You can always pick up the best ones at the current price which would always be cheap when you think of the future.Better yet,pick one of your gems from the new altcoin market.

there will be many who regret not hodling. 
How would the exchanges run if everyone only were over possessive about holding ?

 

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May 04, 2017, 10:07:43 PM
 #18


I feel the same way and its really sad we cant purchase them already on a lower price.I did engage most of them but sell off on a cheaper price but still okay after all as long I do have the profits.

there will be many who regret not hodling. 
It's more likely that there will be many who regret not selling.  Altcoins often have sections of going up and down, it's just that this one is more dramatic than before.  Some of the altcoins like ETH and Monero will stick around, but plenty of those altcoins are going right back down again.
If Altcoins had really so many negative moments, then many bitcoin users would not have invested in it.
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May 04, 2017, 10:14:58 PM
 #19

Well, this is actually sad, because it means I can't pick up coins at a cheap price...

There is always a part of me that will regret not buying more at the same time at least the ones we hold are appreciating
The challenge is trying to find a peak and then a buyback spot.

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May 05, 2017, 02:28:31 AM
 #20

I'm excited about this month getting bitcoin from signature campaign when bitcoin is to the moon and successful trading gets a lot of profit and also now it's hold altcoin because bitcoin rise causes altcoin fall a very awaited moment.

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