BerneirBTC
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October 14, 2018, 07:27:37 AM |
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I agree with your statement,it's easier to make profit and see the coin price multiply in past years, now we got tons of alt and tons of regulations for crypto, and the kyc requirement make the crypto investment same with Fiat investment,so the regulations is disadvantage for crypto, and I think we won't see any huge rising anymore in crypto
How can crypto go back to the good days? I fear it's only going to get worse from here, and what made crypto cool is gone forever. Wtf is the value in it now with no anonymity, no way to transfer it freely around exchanges, no volatility opportunity to increase wealth, US citizens being locked out - I think this scene is dead man walking. 2014 has passed away, now we should think about the future. According to the current situation of the market, the price will remain the same atleast till the end of this year. Let’s see what happens in the next year, hope it will be better than this one. Anyway if I knew about bitcoin in 2014, I would bought minimum 10000 bitcoin and now I will be the richest person of my community.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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Pursuer if you don't think 2017 was a pump and alts are going 10x weekly these days I'd like to know what drugs you are on, because they must be really goooood.
your problem is that you are looking at altcoins and their pump and dumps. then take a look at a small portion of bitcoin price rise and then make your decision and call the whole bitcoin rise a "pump"! That's what happens with some of these folks who are hoping so much for a bitcoin crash, yet they are unable to understand the difference between bitcoin and crypto overall. They think (or at least purport to think, to the extent that they are being genuine in their shill/troll attempts) that crypto is all one BIG amalgamated mess, and bitcoin is just one of the bunch. It is certainly a misinformation framework that is created by these shill/trolls, who might even act as if they are pro-bitcoin since that seems to get them more reception/attention for their non-sensical and ill-substantiated points.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Capt00
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October 14, 2018, 09:29:22 AM |
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It has a really big difference between on that year if you compare this present year to the pass. Before few people are known bitcoin(crypto) it means the holders too aren't too much compared on this year. Because of many waves of panic sellers on this year bitcoin and other alts drastically going down so, we need stronger hand holders and stop spreading fud news. Passed is pass try to look out the future, years passed is not the comparison to the market price movement.
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Febo
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October 14, 2018, 11:38:47 AM |
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So let's compare the hangover years after the last 2 halving pumps.
2014: the year of the alts, every week several coins would pump 10x+, some pumped 100x in a week or 2. Exchanges were free to use anonymously.
2018: Every exchange now requires users to jump through hoops with identity verification/kyc bullshit. US citizens are banned from using most exchanges. The alt scene it completely dead, if a coin goes up by 2x over a month that is a huge deal. Trading alts to make more bitcoins is nothing but a memory.
What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?
In 2014 new altcoins were popping up almost daily. Now that had almost stopped. All we have are startups crowdfunding their founds with ICOs. And then claim that is utility token.
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kryptqnick
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October 14, 2018, 12:00:15 PM |
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2018: Every exchange now requires users to jump through hoops with identity verification/kyc bullshit. US citizens are banned from using most exchanges. The alt scene it completely dead, if a coin goes up by 2x over a month that is a huge deal. Trading alts to make more bitcoins is nothing but a memory.
What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?
Not exactly. For instance, if you exchange crypto for crypto on Hitbtc, no ID is needed. I think that KYC is mainly required if you're dealing with fiat-crypto situations. As for the market - I am not it will restore its value, but hopefully the latter will become more and more based on usage of cryptocurrencies and the relevant demand for them. Trading became harder with fiat, but between cryptos it's still fine anyway. People just left the market. They'll come back when they know better than panicselling and stuff like that. I lost about $1k because of a huge dump forever (because I needed to withdraw some btc during the bad times), but I am still glad to see that the market is more stable than it used to be.
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lx001
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October 14, 2018, 12:26:11 PM |
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Anyway if I knew about bitcoin in 2014, I would bought minimum 10000 bitcoin and now I will be the richest person of my community.
A-ha, sure. Now you know there are more than 2 thousand of various coins, some of them 100% will go parabolic in the future, but I doubt you are buying any of them right now. Always easy to talk knowing the end result.
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1Referee
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October 14, 2018, 12:37:48 PM Merited by JayJuanGee (1) |
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Not exactly. For instance, if you exchange crypto for crypto on Hitbtc, no ID is needed. I think that KYC is mainly required if you're dealing with fiat-crypto situations.
It's starting to take over rapidly, where soon every compliant exchange will no longer allow even crypto to crypto trades without verification. Bittrex is already doing it. Hitbtc is a horrible exchange, they likely won't ever plan to become compliant to the extent of forcing every user to verify itself. It makes Hitbtc a ticking time bomb with how at any time of the day authorities can raid the crap out of them and turn them into BTC-E (now WEX) 2.0. I don't often pay attention to lunatics such as John McAfee when it comes to price speculation, but he is 100% right on how much of a problem exchanges as Hitbtc are to this ecosystem. Read; https://bitcoinist.com/john-mcafee-anti-corruption-hitbtc/
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omonuyak
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October 14, 2018, 01:41:08 PM |
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So let's compare the hangover years after the last 2 halving pumps.
2014: the year of the alts, every week several coins would pump 10x+, some pumped 100x in a week or 2. Exchanges were free to use anonymously.
2018: Every exchange now requires users to jump through hoops with identity verification/kyc bullshit. US citizens are banned from using most exchanges. The alt scene it completely dead, if a coin goes up by 2x over a month that is a huge deal. Trading alts to make more bitcoins is nothing but a memory.
What is the result of these differences - is it possible bitcoin will never pump again due to crypto trading action being permanently dead and trading becoming so difficult and transparent it's no longer worth playing with?
This is the state of the market you have carefully analyze in three to four line. The market is becoming more transparent by the day and the usual pumping that we do have due to some loopholes created are no longer there. I think now the best thing to do is to buy bitcoin and hold as many altcoins are not going to survive in a long run.
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aqila baruroh
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W12 – Blockchain protocol
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October 14, 2018, 03:15:41 PM |
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I really hate this, but let's look at the comparison between 2014 and 2018. The most prominent difference is something that makes bitcoin prices fall. this year the price of bitcoin was dropped due to the many negative news and ico scam.
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W12.io ▬▬▬▬▬▬ Blockchain protocol Built F O R : ❤ Charity Market ⚫ ICO ֆ CROWDFUNDING [https://tokensale.w12.io/]
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BrewMaster
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October 14, 2018, 03:17:55 PM |
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Not exactly. For instance, if you exchange crypto for crypto on Hitbtc, no ID is needed. I think that KYC is mainly required if you're dealing with fiat-crypto situations.
It's starting to take over rapidly, where soon every compliant exchange will no longer allow even crypto to crypto trades without verification. Bittrex is already doing it. maybe, but i believe as soon as these exchanges do something like that, they sign their own death warrant and make another new exchange huge. for example you can look at the case of Bittrex and Binance. last year bittrex was one of the biggest exchanges with near #1 volume, overnight bittrex changed its rules and forced KYC. people left it for a brand new exchange at the time (Binance) and now Binance is #1. if this trend goes on, centralized exchange of crypto-crypto will die and decentralized way will replace it.
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There is a FOMO brewing...
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figmentofmyass
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October 14, 2018, 08:02:55 PM |
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Not exactly. For instance, if you exchange crypto for crypto on Hitbtc, no ID is needed. I think that KYC is mainly required if you're dealing with fiat-crypto situations.
It's starting to take over rapidly, where soon every compliant exchange will no longer allow even crypto to crypto trades without verification. Bittrex is already doing it. bittrex is based in the USA though. and they were being pressured by the government---hence all the business with confiscating the funds of iranians. you think binance would succumb to such pressure? when the japanese government warned them over operating without licenses, they just moved operations elsewhere and continued serving japanese customers. there's obviously a big difference between eg coinbase and bittrex vs binance and bitfinex regarding willingness to roll over to government authority.
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gentlemand
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Welt Am Draht
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October 14, 2018, 08:07:57 PM Merited by JayJuanGee (1) |
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Anyway if I knew about bitcoin in 2014, I would bought minimum 10000 bitcoin and now I will be the richest person of my community.
Doubtful. Most would've been too scared to buy after seeing a fall of that size. I well remember the moment it fell to $160 or so in early 2015. Someone looking back would claim to have been jubilant and buying as much as possible. The reality was it was a depressing sight which passed with little more than some glum comments. Everything looks obvious in retrospect. At that time it still felt like a real possibility that all of this could dwindle to nothing. I don't feel that way any more and that's the prime difference between now and that year. It might be boring and depressing. There's also an incredible amount more legitimacy and activity these days. Back then it was just starting to warm up.
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WinslowIII (OP)
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October 14, 2018, 11:05:00 PM |
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Anyway if I knew about bitcoin in 2014, I would bought minimum 10000 bitcoin and now I will be the richest person of my community.
Doubtful. Most would've been too scared to buy after seeing a fall of that size. I well remember the moment it fell to $160 or so in early 2015. Someone looking back would claim to have been jubilant and buying as much as possible. The reality was it was a depressing sight which passed with little more than some glum comments. Everything looks obvious in retrospect. At that time it still felt like a real possibility that all of this could dwindle to nothing. I don't feel that way any more and that's the prime difference between now and that year. It might be boring and depressing. There's also an incredible amount more legitimacy and activity these days. Back then it was just starting to warm up. Incredible amount more legitimacy and activity now - can you elaborate? what I'm seeing is a lessening of use cases tied to government pressure.
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gentlemand
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October 14, 2018, 11:10:03 PM |
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Incredible amount more legitimacy and activity now - can you elaborate? what I'm seeing is a lessening of use cases tied to government pressure.
Futures, Goldman Sachs and others toying with entering trading and custody services, Bakkt launching next month with NYSE backing among others, GBTC having had several years of successful operation, proper regulation in places like Japan, Malta and other countries making noises about it. All of that would've seemed ludicrous in 2013/14. I know you're determined to be sad so I'll stop now. Use cases like shopping, remittances and others will go nowhere until Bitcoin is much larger than it is now. All of the current implementations will disappear.
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WinslowIII (OP)
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October 14, 2018, 11:50:29 PM |
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Incredible amount more legitimacy and activity now - can you elaborate? what I'm seeing is a lessening of use cases tied to government pressure.
Futures, Goldman Sachs and others toying with entering trading and custody services, Bakkt launching next month with NYSE backing among others, GBTC having had several years of successful operation, proper regulation in places like Japan, Malta and other countries making noises about it. All of that would've seemed ludicrous in 2013/14. I know you're determined to be sad so I'll stop now. Use cases like shopping, remittances and others will go nowhere until Bitcoin is much larger than it is now. All of the current implementations will disappear. Futures is not a good thing for price growth in my opinion, and it certainly isn't the sort of activity I'm talking about. Since the futures market started, Non-crypto Wallstreet players have made a lot of money on the falling bitcoin. This so far is the only result of the futures market. I'm not being sad, I'm trying to figure out if bitcoin is even worth watching from here - there's a difference.
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gentlemand
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October 15, 2018, 12:12:18 AM |
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Futures is not a good thing for price growth in my opinion, and it certainly isn't the sort of activity I'm talking about. Since the futures market started, Non-crypto Wallstreet players have made a lot of money on the falling bitcoin. This so far is the only result of the futures market.
It's another pillar in the foundation of something that's here to stay. It may not seem like much fun now, but it's inevitable for something that has plans to stick around. Nothing of sufficient size fails to get futures markets. By this stage it would be somewhat weird and unsettling if they weren't here.
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somac.
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October 15, 2018, 12:19:28 AM Merited by JayJuanGee (1) |
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Futures is not a good thing for price growth in my opinion, and it certainly isn't the sort of activity I'm talking about. Since the futures market started, Non-crypto Wallstreet players have made a lot of money on the falling bitcoin. This so far is the only result of the futures market. I'm not being sad, I'm trying to figure out if bitcoin is even worth watching from here - there's a difference.
By the sounds of it Winslow you think there is nothing that is a good thing for growth, apart from not having KYC. I highly suggest that you stop posting here, delete your account, and forget about bitcoin. If you are not convinced about the future of Bitcoin from its limited supply, halving in inflation rate, the previous price history, ongoing protocol development, new and old companies entering the market, ongoing adoption, and so on, nothing will convince you of it's worth. You are not meant to be an early adopter of disruptive technology that requires significant investment, your mental state and impatience prevents that. Know your limitations and find a mature market where those limitations won't be a problem.
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WinslowIII (OP)
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October 15, 2018, 12:39:46 AM |
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Futures is not a good thing for price growth in my opinion, and it certainly isn't the sort of activity I'm talking about. Since the futures market started, Non-crypto Wallstreet players have made a lot of money on the falling bitcoin. This so far is the only result of the futures market. I'm not being sad, I'm trying to figure out if bitcoin is even worth watching from here - there's a difference.
By the sounds of it Winslow you think there is nothing that is a good thing for growth, apart from not having KYC. I highly suggest that you stop posting here, delete your account, and forget about bitcoin. If you are not convinced about the future of Bitcoin from its limited supply, halving in inflation rate, the previous price history, ongoing protocol development, new and old companies entering the market, ongoing adoption, and so on, nothing will convince you of it's worth. You are not meant to be an early adopter of disruptive technology that requires significant investment, your mental state and impatience prevents that. Know your limitations and find a mature market where those limitations won't be a problem. Spoken like someone who has already gotten rich from crypto or holding 10 cent coins, thanks for the advice but I can make my own decisions from here. What I'd like to see is some informative discussions regarding current issues bitcoin is facing.
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somac.
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October 15, 2018, 01:57:32 AM Merited by JayJuanGee (1) |
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Spoken like someone who has already gotten rich from crypto or holding 10 cent coins, thanks for the advice but I can make my own decisions from here. What I'd like to see is some informative discussions regarding current issues bitcoin is facing.
There is reams of informative discussion going back several years now. In addition, there is plenty of informative discussion for your so called 'current issues', by which I can only imagine you believe are price related. You are missing the bigger picture because you and others are focusing on the price. If you focus on the actual development of the protocol itself, the industry developments building around Bitcoin, and the problems of the legacy financial system and governments, you might just decide that Bitcoin is a good long-term investment, which is the conclusion I came to after the mid 2013 bubble and then again after the end of 2013 bubble. If that, and what has been written to you in this thread, is not enough to make a decision on your investment I don't know what will, and I think you will never be convinced. So, don't waste you time here anymore and go elsewhere to find a investment that agrees with you.
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WinslowIII (OP)
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October 15, 2018, 02:22:12 AM |
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Spoken like someone who has already gotten rich from crypto or holding 10 cent coins, thanks for the advice but I can make my own decisions from here. What I'd like to see is some informative discussions regarding current issues bitcoin is facing.
There is reams of informative discussion going back several years now. In addition, there is plenty of informative discussion for your so called 'current issues', by which I can only imagine you believe are price related. You are missing the bigger picture because you and others are focusing on the price. If you focus on the actual development of the protocol itself, the industry developments building around Bitcoin, and the problems of the legacy financial system and governments, you might just decide that Bitcoin is a good long-term investment, which is the conclusion I came to after the mid 2013 bubble and then again after the end of 2013 bubble. If that, and what has been written to you in this thread, is not enough to make a decision on your investment I don't know what will, and I think you will never be convinced. So, don't waste you time here anymore and go elsewhere to find a investment that agrees with you. This is just a bunch of rhetoric. Why don't you specify what bitcoin's use case is going forward with all of the government pressure on exchanges to kyc traders and less and less altcoin action. Assuming "they" are successful at eliminating speculation profits from crypto, what's to give it future value? so far, in my eyes that's been bitcoin's main use case.
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