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Showing 20 of 299 results by Herbys
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Topic
Board Bitcoin Discussion
Re: BTC vs USD - Which one is better?
by
Herbys
on 28/05/2019, 15:51:37 UTC
In my opinion, they are not really competitors and there is no better here. Both currencies have different use cases.

I believe bitcoin mainly use, for now, is to make the transactions that banks do not allow you to do, or that they charge very expensive fees. Those transactions ares remittances, currency conversions, payments in another currency, etc.

Another great use is as store of value, especially in time of crisis.


Bitcoin is not the best guidance during the crisis, because there are many negative factors, including how difficult it is to turn Bitcoins into real money.

Bitcoin is too risky asset!
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Board Bitcoin Discussion
Re: Need bitcoin control?
by
Herbys
on 07/11/2018, 16:36:21 UTC
In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

How much can this contradict the very idea of ​​Bitcoin as a free, decentralized system?

Need cryptocurrency state control?


Control is needed only in terms of Bitcoin price manipulation in the market, since there are many interested in this segment.

Bitcoin exit can contribute to this along with other assets of the stock market.
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Topic
Board Bitcoin Discussion
Re: Bitcoin Proof of Stake fork
by
Herbys
on 07/11/2018, 16:31:28 UTC
Hi,
as you know many Bitcoin forks with different ideas started with Bitcoin Cash. Yuu would all name them altcoin.

But question is, was there a fork ONLY changing POW to POS without any Masternode or other things.

So when you have e.g. 1 BTC at the fork point you will have 1 BTC and one StakeBitcoin ?

As we are runnining in an eviromental desaster (it is like that nothing to discuss) is there a good fork alternativ.

Thanks for your answer

One StakeBitcoin will cost very little, compared to the cost of 1 BTC, for investors it’s a penny, and they don’t pay attention to it, it’s not the profit scale.
it's more marketing. Grin
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Topic
Board Bitcoin Discussion
Re: After ‘Taking out’ $6,800, Bitcoin Will Hit ‘New Highs’ In 2019, Says Galaxy Dig
by
Herbys
on 07/11/2018, 16:26:55 UTC
It is almost impossible to predict Bitcoin, because most of it is cost manipulation.

And these monipulations will continue until Bitcoin enters the financial market with certain paravils.
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Topic
Board Bitcoin Discussion
Re: Crypto Base. Where to find?
by
Herbys
on 06/11/2018, 11:53:23 UTC
Guys, where can I find a verified and trusted base of crypto enthusiasts/crypto investors?

Help, please.

Thank you in advance!



Shouldn't crypto enthusiasts / crypto investors be anonymous?

After all, one of the advantages of crypto is anonymity!
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Topic
Board Bitcoin Discussion
Re: How can we make Crypto go viral?
by
Herbys
on 06/11/2018, 11:46:04 UTC
these things take time! since we are talking about adoption. but it will eventually happen. for starters the smaller businesses will start accepting bitcoin as payment, then more people come in and eventually bigger ones like Amazon for example will start accepting bitcoin and by that time you can say bitcoin is "viral".

as for cryptocurrencies in general, they first need to work on being secure and usable so that they can have something to say in competition with bitcoin and also with other payment systems.

I think Amazon, if it introduces a cryptocurrency, it will introduce its own, the cost of which they will control.

To popularize Bitcoin, you need to return credibility to it, at least to the level of the end of 2017.
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Topic
Board Bitcoin Discussion
Re: Bitcoin solid value
by
Herbys
on 01/11/2018, 19:25:18 UTC
Bitcoin has gained momentum over the period of time and now user base has grown much bigger since inception. However, the focus is concentrated on the speculation part of it instead of the utility value of the same. As of now, the price is determined based on the law of demand and supply but still, it is highly dependent on the speculative market instead of the demand for actual ground level use of Bitcoin.

The cost of the majority of cryptocurrencies, including Bitcoin, is based on trust in it, therefore, having lost confidence in early 2018, the cost of Bitcoin began to rapidly decline.

Given this, I think that speculation and manipulation greatly affect the cost.
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Topic
Board Speculation
Re: Prediction of Bitcoin Prices 2018-2022
by
Herbys
on 01/11/2018, 19:09:18 UTC
Sometimes predictions are not references, but we as humans must be smart to take a stand to do their own research, based on their own thinking, but sometimes these predictions are also right on target, all depending on how they carry out their own analysis.

I found this site because I want to know how the development of bitcoin prices in the future.

I hope, reading this site is only your knowledge, and not your guide, but you must do your own analysis in accordance with the thoughts you have read.

Well, what are your conclusions with the predictive news that I shared?

Most cryptocurrency experts are confident that in 2020, Bitcoin will continue to dominate the market for top-end cryptomonet.

Given this, I think that the price of Bitcoin, within two years, will grow by 200%, so by November 2020 it could be $ 14K-15K.


P.S. Who three times boldly predicted the weather and guessed, in the depths of his soul, he slightly believes in his prophetic gift.
                                                                                                       Friedrich Nietzsche
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Board Bitcoin Discussion
Re: bitcoin improvement
by
Herbys
on 26/10/2018, 12:34:00 UTC
The number of search queries for the word “Bitcoin” on Google decreased by 93% compared to December last year.

This is explained, because then the price of Bitcoin reached its peak values.

Bitcoin keeps losing its appeal, popularization is needed.
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Topic
Board Speculation
Re: BITCOIN PRICES?
by
Herbys
on 25/10/2018, 11:43:35 UTC
Have you ever thought about the price of bitcoin from the last few months that tends to last around $ 6500 or a maximum of $ 7,000. It's hard to drop below $ 6000. I want to ask you according to personal experience and analysis. Will bitcoin be able to rise above $ 10,000 by the end of 2018?
Please share your opinions and predictions. Thank you very much.

If we compare 2014 and 2018, we follow the same road: 6 negative months to October in 2014 and so far 6 negative months in 2018.
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Topic
Board Bitcoin Discussion
Re: Will you send bitcoins to Satoshi, if you know his Bitcoin address?
by
Herbys
on 24/10/2018, 08:50:29 UTC
Let's create a fictitious scenario where Satoshi sends a message in a way that can be validated/verified < PGP key > and he notify all of us that he is bankrupt and has no access to his coins.  

If this is verified, would you send bitcoins to Satoshi, like people did with Andreas Antonopoulos?

We have seen people sending tips to Satoshi's known Bitcoin addresses and to date, bitcoin’s maiden address has received 16.7 BTC in tips, worth around $107 600.

Will you send bitcoins and if you do, why?

If you will not send bitcoins. Why?

It would be necessary for everyone to understand that this Bitcoin genesis address has never been added to the blockchain. Actually, this is why it has a zero index.

All donations to this address will remain there forever.

A person can afford to write his address in the history, but given that Bitcoin is anonymous - donation becomes useless.
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Topic
Board Bitcoin Discussion
Re: Will bitcoin become global currency in next 20 years?
by
Herbys
on 24/10/2018, 08:17:17 UTC
We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing -  at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M

Any more questions or insights are welcome to follow, I will start as the first answer.

I think that the task of Bitcoin was to show an alternative to the current financial system.

When a global currency is introduced, it will not be distributed to individuals.


"I'm sure that in 20 years there will either be very large transaction volume or no volume."                  
                                                                                                                                       Satoshi Nakamoto
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Board Bitcoin Discussion
Re: Satoshi's original idea...
by
Herbys
on 23/10/2018, 11:29:33 UTC
Bitcoin was created in order to eliminate all the disadvantages associated with the standard payment systems to which we are so used.

Fixed some cons, others will appear.

I think that initially no one planned anything.

Bitcoin was created as a mathematical experiment to show an alternative to standard payments.

And for two years, no one needed Bitcoin until Silk Road appeared.
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Topic
Board Bitcoin Discussion
Re: Make running a full node easier for a noob.
by
Herbys
on 23/10/2018, 11:08:09 UTC
Liquid Samson Mou in a blog on October 10 Blockstream operating director Samson Mou said that in the near future, a special crypto wallet Liquid Wallet will be presented for guaranteed fast L-BTC transactions.

Mou also said that another BlockAddress, owned by Blockstream, already supports Liquid-transaction technology.
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Topic
Board Bitcoin Discussion
Re: first term "HODL"
by
Herbys
on 22/10/2018, 14:18:05 UTC
Given the main conclusion of Chainalysis analysts about minimizing the influence of speculators and investors, it can be assumed that the price of BTC is influenced by fundamental factors: the actions of regulators or technological innovations.

Chainalysis also concluded that the first stage of accepting Bitcoin is complete. Users received enough information about cryptocurrency, and the client base is steadily growing, despite the fall in prices.

The researchers suggested that the market had become less susceptible to the hype and was neutral about the news flow, which, according to the report, can no longer push BTC prices up and down
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Topic
Board Economics
Re: If you had 10000$
by
Herbys
on 22/10/2018, 14:07:28 UTC
I hold the opinion that people who have free money in the amount of 10K and they are ready to risk them by investing in crypto should think for themselves where to put them.

After analyzing the market, they should wake up the desire to invest, otherwise the investment will bring losses.
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Topic
Board Bitcoin Discussion
Re: BITCOIN A BUBBLE? PRINTED MONEY IS
by
Herbys
on 22/10/2018, 13:59:33 UTC
According to the classical model, the economic bubble passes through 5 stages: displacement, boom, euphoria, financial distress and revulsion.

We faced the stage of financial difficulties when the price of Bitcoin fell as fast as it grew.

Now it is impossible to say exactly how much Bitcoin actually costs, to what level its price will rise or fall. But when the majority understands this, we will be at the stage of revulsion.

I think that Bitcoin should go through these stages when becoming a global currency.
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Topic
Board Speculation
Re: At what price will a coin die?
by
Herbys
on 22/10/2018, 13:21:31 UTC
What is the price at which a coin is considered dead or when an exchange decides to delist the coin?
Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?

I think, at the moment, the minimum cost of Bitcoin is about 5K, because the profitability of the maining becomes equal to "0".

Perhaps in the future, equipment will be invented that will provide lower cost of Bitcoin.

It should also be borne in mind that the number of Bitcoin in circulation decreases as they are lost in wallets, with lost passwords.
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Topic
Board Bitcoin Discussion
Re: $194 million dollar worth of Bitcoins is moved with a $0.1 transaction fee
by
Herbys
on 21/10/2018, 16:28:26 UTC
when it comes to banking institutions, transferring large amounts of money comes with a hefty transaction fee.

TransferWise
a UK based multi-billion dollar firm that allows its users
to send small to large payments with substantially lower fees. Even on
such platforms to transfer $1 million it costs around $7,500 for transaction
fee.

However, a bitcoin user on October 16 moved 29,999 BTC worth $194 million with
a surprisingly low fee of just $0.1. Blockchain has the ability to large payments at a cost
similar to that of a small transaction.  

Does this mean crypto has the ability to crack offshore banking market?

https://www.ccn.com/194-million-was-moved-using-bitcoin-with-0-1-fee-true-potential-of-crypto/

I wonder what the purpose of the transaction was, was it just selling Bitcoin or buying for it? Roll Eyes
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Board Bitcoin Discussion
Re: What’s Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage
by
Herbys
on 21/10/2018, 16:23:03 UTC
Bitfinex returned deposits in cash, but users continue to report delays in processing transactions. Perhaps this is due to rumors about the suspension of relations with its banking partners and the sale of USDT?  Huh