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May 28, 2017, 07:21:37 PM
 #1

Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.

As I said before, there's a reason why paper money was pegged to gold prices and reserves. Because any currency needs a reference value if it is going to avoid those dramatic ups and downs. The euphemism of USDT is just out of question.

And even though I'm strongly against any regulation of BTC or any other crypto, I have to say, leaving it freely float poses dangers such those I said, plus manipulations of speculators who can, by their own operations, affect prices at will.

So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.

Future economy has to be energy-based.

Please feel free to download my proposal in pdf: Teraflops and Terawatts at:

https://drive.google.com/open?id=0B7JgGimv_JMJaWdYQXdtb1RVZVE


Greets,

http://estaciontrend.blogspot.com/
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May 29, 2017, 01:29:23 AM
 #2

There are coins linked to almost every other asset - Oil, Gold, Energy, even Dollar.  Roll Eyes
While these are interesting concepts, Bitcoin has achieved scale and has large hashing power backing it. So it won't be easy for an alt to displace it.

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May 29, 2017, 02:15:16 AM
 #3

Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.

As I said before, there's a reason why paper money was pegged to gold prices and reserves. Because any currency needs a reference value if it is going to avoid those dramatic ups and downs. The euphemism of USDT is just out of question.

And even though I'm strongly against any regulation of BTC or any other crypto, I have to say, leaving it freely float poses dangers such those I said, plus manipulations of speculators who can, by their own operations, affect prices at will.

So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.

Future economy has to be energy-based.

Please feel free to download my proposal in pdf: Teraflops and Terawatts at:

https://drive.google.com/open?id=0B7JgGimv_JMJaWdYQXdtb1RVZVE


Greets,

http://estaciontrend.blogspot.com/


My opinion is that the threat is the effect of the btc to our economy and not the btc itself. It is how people would use or utilize the power of btc. Transaction cannot be easily hacked unless brute forced but it would takes millions of years so therefor it is untouchable and it is just the patronizers that reality is going beyond it's purpose. You also right that it needs to be energy based because it general it is generating a new era that can function without a barter trade or it is only a one sided trade.

                                     
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May 29, 2017, 11:41:51 AM
 #4

High volatility can no longer kill bitcoin since bitcoin holders are now smart and are always ready when a dip or when the bubble burst. If you notice the trend that after a dump bitcoin can recover fast and that is because the bitcoin dump was being expected to occur and many bitcoin buyers are waiting for that event. While those who bought bitcoin at a higher value does not sell their bitcoins but patiently waits for a increase in value so they can sell it in a higher value compared to the price they bought it.

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May 29, 2017, 11:53:23 AM
 #5

I don't think Bitcoin will undergo major downs in coming days as it does before. In past we have seen it crashing by 50-60% but the last crash was only of about 10-20% which also recovered its the in a day, this shows Bitcoin adopters have increased overtime and more users means more stability.
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May 29, 2017, 12:11:05 PM
 #6

I don't think Bitcoin will undergo major downs in coming days as it does before. In past we have seen it crashing by 50-60% but the last crash was only of about 10-20% which also recovered its the in a day, this shows Bitcoin adopters have increased overtime and more users means more stability.

Somehow mass adoption helps in lowering percentage of crash, though the crash were happen really fast just like in a day its totally arising then when midnight fall it lower which is unexpectedly.
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May 29, 2017, 12:41:19 PM
 #7

One of the things that atracted several investors were the high volatility it has, being able to crash 20% in one single and recover those on the short-medium period, bitcoin is a cash machine for some people, who play forex can make huge loads of money with it, and daily traders as well investors should know already about the risks.

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May 29, 2017, 01:49:13 PM
 #8

I slightly have different opinion on this, I don't think it will kill the bitcoin in any ways. Yes, it might affect the price badly but it won't destroy the bitcoin. Believe me or not but there are many people with cash in their banks are waiting outside bitcoin to enter in it at a right price and in every crash such people jump in with their fiat balance so it doesn't affect the price as it is supposed to as per the over supply principle.

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May 29, 2017, 02:44:27 PM
 #9

One of the things that atracted several investors were the high volatility it has, being able to crash 20% in one single and recover those on the short-medium period, bitcoin is a cash machine for some people, who play forex can make huge loads of money with it, and daily traders as well investors should know already about the risks.

The volatility can let day traders mint money, but their entire capital can also get wiped out if their calls go wrong.
High volatility is a double-edged sword. Of course, gamblers couldn't care less.

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May 29, 2017, 03:11:39 PM
 #10

I slightly have different opinion on this, I don't think it will kill the bitcoin in any ways. Yes, it might affect the price badly but it won't destroy the bitcoin. Believe me or not but there are many people with cash in their banks are waiting outside bitcoin to enter in it at a right price and in every crash such people jump in with their fiat balance so it doesn't affect the price as it is supposed to as per the over supply principle.

Right on point, that's why I strongly suggest we stop spreading false news in order not to cause newbies to panic and sell what they own. At this stage of Bitcoins career is where everyone should be confident to invest because whatever dumping that may occur as a result of the volatility will be restored back to normal as readily available enthusiasts are waiting to get onboard in such circumstances.



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May 29, 2017, 04:10:03 PM
 #11

I slightly have different opinion on this, I don't think it will kill the bitcoin in any ways. Yes, it might affect the price badly but it won't destroy the bitcoin. Believe me or not but there are many people with cash in their banks are waiting outside bitcoin to enter in it at a right price and in every crash such people jump in with their fiat balance so it doesn't affect the price as it is supposed to as per the over supply principle.

Right on point, that's why I strongly suggest we stop spreading false news in order not to cause newbies to panic and sell what they own. At this stage of Bitcoins career is where everyone should be confident to invest because whatever dumping that may occur as a result of the volatility will be restored back to normal as readily available enthusiasts are waiting to get onboard in such circumstances.

Such things promote panic selling even in the little loss but that is nothing as compared to the loss of the long-term (the profit forgotten just because of early exits). We have to understand the fact that there are traders and even institutional investors entered in the bitcoin and their actions will create short-term volatility on the price chart but in the long term we will have actual growth of bitcoin through user base point of view and that would be the strong growth of it.

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May 29, 2017, 04:26:33 PM
 #12

Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.


You are overreacting, this is not the first time Bitcoin has crashed (note: after much bigger rise). It's not anomalies, just profit taking, if an asset grows too fast, people start thinking that it's overpriced and start selling. What happened to Bitcoin and alts was just a healthy correction



So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.




The value of energy is just as relative as everything else, in some places it's easy to generate, in others it's hard. If someone will build tomorrow a powerful and cheap fusion reactor, your energy-backed cryptocurrency will crash much harder than Bitcoin crashed recently and probably won't recover.

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May 29, 2017, 05:10:33 PM
 #13

Hahaha Solarcoin will save us all.
Good joke.

A coin that is good for... nothing.
Nobody uses it. Check their block explorer:
https://chainz.cryptoid.info/slr/

Empty.


And that 1mw one coin crap , those are just fancy words on a wordpress theme.
In reality nothing will work as the "devs" or pumpers dream.



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May 29, 2017, 05:58:40 PM
 #14

Bitcoin is being constantly developed, there will be only 21 millions of Bitcoins in the world and some of them already disappeared, people lost them. Bitcoin was "programmed" to price a lot on long term, but it's not instantly, takes some time to reach to the goal and the way we are going involves high price flutuations, all the time. I believe in the future the price will become more stable, so people can use it like currency and not speculative asset.

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May 29, 2017, 06:24:33 PM
 #15

Bitcoin has already a value reference and it is the people. This is the best value reference because the people are the one who are using bitcoin and as long as there are people using bitcoin, bitcoin will never lose value.

Volatility and price crashes has always been there, they coexist with Bitcoin because it is Bitcoin. It is normal to see bitcoin in a volatile nature and seeing crash on the market is very normal and does not bother most of the users. I short, volatility and sudden crash will never trigger the death of bitcoin.

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May 29, 2017, 06:30:14 PM
 #16

naah, completely wrong.
We're just along for the ride with IMHO relatively small percentage (people that bought bitcoin in 2010 don't exist, they don't anymore, newspaper bullshit, they sold ages ago), where will all the bad guys, from terrorist, arms dealers, drug dealers,.... and I don't know what bad sort of people, and people hiding their assets from the government keep their money if not in bitcoin and altcoins?

All we, the spectators/speculators, can do is provoke a small panic attack that results in about 20% drop for about 2 weeks, they don't panic, they don't care, they have most of the coins.  Grin


Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.

As I said before, there's a reason why paper money was pegged to gold prices and reserves. Because any currency needs a reference value if it is going to avoid those dramatic ups and downs. The euphemism of USDT is just out of question.

And even though I'm strongly against any regulation of BTC or any other crypto, I have to say, leaving it freely float poses dangers such those I said, plus manipulations of speculators who can, by their own operations, affect prices at will.

So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.

Future economy has to be energy-based.

Please feel free to download my proposal in pdf: Teraflops and Terawatts at:

https://drive.google.com/open?id=0B7JgGimv_JMJaWdYQXdtb1RVZVE


Greets,

http://estaciontrend.blogspot.com/

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May 29, 2017, 06:42:25 PM
 #17

Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.

As I said before, there's a reason why paper money was pegged to gold prices and reserves. Because any currency needs a reference value if it is going to avoid those dramatic ups and downs. The euphemism of USDT is just out of question.

And even though I'm strongly against any regulation of BTC or any other crypto, I have to say, leaving it freely float poses dangers such those I said, plus manipulations of speculators who can, by their own operations, affect prices at will.

So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.

Future economy has to be energy-based.

Please feel free to download my proposal in pdf: Teraflops and Terawatts at:

https://drive.google.com/open?id=0B7JgGimv_JMJaWdYQXdtb1RVZVE


Greets,

http://estaciontrend.blogspot.com/


This volatility is not good if it stays this way, but remember, we are still in the early years of bitcoin. As time goes on, the volatility should gradually change over to stability and steady gain in value.
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May 29, 2017, 06:54:10 PM
 #18

The volatility of bitcoin is something that is not out of the ordinary for someone who is already involved like you and I and this is largely explained due to the growing nature of the coin. However, the central regulation is something that would definitely negate the fundamental principle for the establishment of bitcoin. I believe that in due time when the entrants stabilizes then volatility will also be minimise to a large extent.
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May 29, 2017, 07:03:51 PM
 #19

Bitcoin is being constantly developed, there will be only 21 millions of Bitcoins in the world and some of them already disappeared, people lost them. Bitcoin was "programmed" to price a lot on long term, but it's not instantly, takes some time to reach to the goal and the way we are going involves high price flutuations, all the time. I believe in the future the price will become more stable, so people can use it like currency and not speculative asset.

Exactly, Bitcoin keeps evolving and the path to evolution wouldn't becstraight or stable until we get there so I'll urge all to exercise patience and adopt to the volatility while we journey along to riches.



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btc_angela
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May 29, 2017, 07:06:27 PM
 #20

The volatility of bitcoin is something that is not out of the ordinary for someone who is already involved like you and I and this is largely explained due to the growing nature of the coin. However, the central regulation is something that would definitely negate the fundamental principle for the establishment of bitcoin. I believe that in due time when the entrants stabilizes then volatility will also be minimise to a large extent.

Correct. We already know how bitcoin is very unstable and yet we go with the flow. Its how the nature of bitcoin is from the start its volatile. If you don't want volatility then bitcoin trading is not for you. And having a reference value for bitcoin will not be good for the market as well, again because its boils down as to how it is design. Decentralized and psuedo anonymous and volatile.

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