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Showing 8 of 8 results by MarkCook777
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Board Bitcoin Discussion
Re: What will happen with Bitcoin if it never scales?
by
MarkCook777
on 18/10/2018, 20:51:17 UTC
People see a cryptocurrency bubble. In the sense that most cryptoactives are overpriced - this is true. One day, most of them will disappear. But this is not the end, this is the beginning. Crypto-companies, crypto-positive people are now in euphoria: it seems that the handy, decentralized future is at hand.

But something so complex does not work that simple. 90% of tokens will fail. But when the bubble bursts, there will be really working ideas. This is exactly what the Internet experienced in the 90s. Most of the tokens in listings on the stock exchange will disappear in 20.10.5 years, because some were originally created for speculation, while others would collapse under the weight of their utopianism.

However, for Bitcoin, the only way out is to become a world currency, which is hardly possible. And yet, if this does not happen, you get what I described above.
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Board Bitcoin Discussion
Re: Banks will always be against cryptocurrencies?
by
MarkCook777
on 18/10/2018, 20:26:30 UTC
This issue is acute in the current crypto world, how banks will act. I think in the current market economy there are enough leverage to strengthen the power of the banking system. Cryptocurrencies, in turn, enable people themselves to manage assets, thereby undermining the credibility of banks. In my opinion, banks will be against the crypto market until they rebuild their system for current changes in currency values.
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Board Bitcoin Discussion
Re: Bitcoin dominance threatening the existence of most cryptocurrencies
by
MarkCook777
on 14/10/2018, 14:02:35 UTC
I think that Bitcoin can approve cryptocurrency with its advantage. After that, Altcoin will be able to grow on the market and take up its position.
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Board Bitcoin Discussion
Re: Is it still worth mining bitcoin in 2018 ?
by
MarkCook777
on 13/10/2018, 19:54:37 UTC
Of course, the complexity of mining does not stand still and the more people mine crypto coins the more difficult it is to do, but here everything is like in a normal mine: the first who came, collected gold nuggets literally from the surface, others had to dig, and the third turn into real miners, buying expensive equipment to delve into tunnels hundreds of meters under the ground. With a yield, everything is simple — it is the place, because there the subject of buying the cryptocurrency. bank of Japan. If the Japanese decide that it is safer to continue lending to the US-all the hype with cryptocurrencies will end. Instantly.
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Topic
Board Bitcoin Discussion
Re: You think we're deviating from bitcoin's philosophy?
by
MarkCook777
on 12/10/2018, 19:46:22 UTC
Personally i think Satoshi had envisioned this would happen to bitcoin. The mind
which could create bitcoin surely could figure how people would react to a rise
in value and if so, he was right.

It is a decentralised entity so it is only natural that it be used in whatever way the
majority decide, it is indeed like evolution.
Indeed, Satoshi Nakamoto had to assume that with increasing demand and rising prices, its speculative component will grow. He had to calculate that moment. This is really a very outstanding mind of my time. I do not consider myself a cryptogic, I am the same as many. I want to make money on cryptocurrency. Each person has his own ways of solving the tasks.
And if we see the day when bitcoin completely replace our usual money. It will not be so that there will be bitcoin banks that will issue loans. And everything will return back. you have a wallet electronic.
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Board Bitcoin Discussion
Re: Government trying to stop bitcoin, what I see
by
MarkCook777
on 12/10/2018, 18:59:44 UTC
The government of course tries to limit and control the cryptocurrency, but let's be realistic, they will not be able to block the Internet
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Topic
Board Bitcoin Discussion
Re: Who are the so called whales ?
by
MarkCook777
on 11/10/2018, 18:48:26 UTC
I see a lot of comments about what “whales” did or did not do regarding bitcoin.

People making plans and decisions counting on the time that “whales pump the price”, or justifying price crash due to “whales decisions”.

 Bitcoin is very volatile, and could be hard to finding a reason of all prices fluctuations, so are we to believe that all ( or the majority ) of things that happen are because whales wanted so ? Some weeks ago btc price crashed considerable, now we in all-time highs, is that all according to their plans?

Who the hell are those people. I mean manipulating betting sites prices, altcoins, even stock prices of companies, I could understand. But bitcoin ? I certain that there are millionaires ( or billionaires ) scattered  in dozens and dozens of different countries that have knowledge and invest in bitcoins. So are these guys like in perfect sync around the globe, just dictating what happens next, while we are simple passengers completely at their will? Am I being naive ?
rich investors or companies, who rule the market of coins. they can controle it using theirs money
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Topic
Board Bitcoin Discussion
Re: How does Bitcoin affect other Crypto?
by
MarkCook777
on 11/10/2018, 18:28:25 UTC
I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?

judging by the market trade, when Bitcoin falls, the rest of the cryptocurrency falls in value