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Showing 20 of 41 results by garet
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Topic
Board Altcoin Discussion
Re: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE
by
garet
on 20/12/2017, 10:45:47 UTC
Yeah Bitcoin is a store of value like Gold. Do you can use gold for daily payments? No.
Do you can shares for shopping? Threra a lot of good coins for small payment and daily use.

IMO, without utility, its going to become worthless.  Utility is needed to keep the value high, incentivise miners and keep the network alive.

Feeds need to drop or the network won't survive this and you won't be able to get your money out when you need it.

Similarly, this undermines the aspects of the technology that make it worthwhile.  This is not a revolution without it challenging banking, and payments, and its real worth will tank in line with this.

Fees need to come down or be proportionate to the value of the wallet values rather than the size of the transaction.  Software changes are needed.

Great response! I think the fact that bitcoin has gone from a virtual currency meant to be used to pay for things to a store of value is simply a way for bitcoin backers to keep the coin relevant. Now that the network is not able to satisfy the market as a payment method, the only options are either call it something else or acknowledge it is no longer useful.

Nonetheless, the average investor who uses only Coinbase for example will not experience the issues that are prevalent within the technology. They simply buy on Coinbase and let bitcoin sit there, so they do not see the long times for confirmation or high fees.
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Topic
Board Beginners & Help
Re: How to choose the right exchange?
by
garet
on 19/12/2017, 14:27:39 UTC
Agreed that you should look at the verification process of the exchange.

More fundamentally, you will want to make sure that it is reputable (ie is not a scam), that there is decent volume being traded in the coins you wish to buy/sell and that the exchange offers you sufficient security options (MFA/2FA is a must).

In general, one way to identify the best exchange for you (you can use more than one FYI) is to look at the coins you want to buy/sell on CoinMarketCap.com and see which markets they are being traded on. Once you know where those coins are trading with the highest volume, you should have a better idea of which exchange you would prefer to use.
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Topic
Board Bitcoin Discussion
Re: BTC is a peace of shit
by
garet
on 18/12/2017, 10:21:39 UTC
I think OP missed the 3rd topic in this forum "Low quality topics do not belong here"
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Topic
Board Bitcoin Discussion
Re: Cryptocurrency Market Cap
by
garet
on 12/12/2017, 10:55:37 UTC
Well said Pursuer! I think no further answers are needed on this thread and we can end it there Wink
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Topic
Board Bitcoin Discussion
Re: Forks affect BTC positively
by
garet
on 10/12/2017, 17:46:47 UTC
I think that the forks have a positive effect on bitcoins. Separating coins have improvements that the original bitcoin itself did not have and this also makes it better. That is, there is a healthy competition. If there are no plugs, then there will be no competition. There will be no competition, then there will be no motivation to improve.

I personally disagree with this argument. Forks do not have an effect on bitcoin's future. They're just doing there by themselves. Bitcoin is not linked to bitcoin forks. BCH made some speculation only, but it went down in flames.

I think having a consistent trading price of over 1200 USD is far from going down in flames. I'll agree that it hasn't, and likely won't, overtaken BTC but to say it was a complete failure is incorrect.
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Topic
Board Bitcoin Discussion
Re: Is 'Buy and Hold' the Best Bitcoin Investment Strategy?
by
garet
on 06/12/2017, 15:31:50 UTC
In my opinion, buying and holdingbitcoin is not that effective anymore due to the reasons that its value is higher than usual unless bitcoin could double its value today. The reasons many investors became rich in buying and holding bitcoin is because that they bought bitcoin much earlier.

While I see what you are saying, this same comment could have been made 3-4 months ago when bitcoin price was in the low thousands. A lot of people thought that would be close to the peak and it would be difficult to see returns like 50-100%. I'm not saying that bitcoin will or won't double in value again in the next 4 months, but what I'm saying is a lot of traditional trading strategies and trading norms do not hold true for bitcoin at the moment.
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Board Altcoin Discussion
Re: IOTA - buy some more?
by
garet
on 04/12/2017, 15:23:36 UTC
It's definitely riding a pump after the MS news so now might not be the best time to buy. It could be good to wait a couple of days and see if the price seems to be stabilising. However, at the same time the market could continue to react positively to this news and the price could continue to rise.
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Topic
Board Bitcoin Discussion
Re: Bitcoin holder's dilemma
by
garet
on 02/12/2017, 23:18:34 UTC
I would say maybe sell some and diversify your holdings
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Topic
Board Altcoin Discussion
Re: 100% guaranteed winner.
by
garet
on 01/12/2017, 10:01:01 UTC
Mate I think you need to seriously reconsider your marketing approach. If you are trying to get people to invest in a project you believe in, perhaps badgering and ridiculing doesn't send the best message.

If you are a snapshot of the community for this project, I pity the developers who are putting in the hard work necessary to make the project successful as they will undoubtedly never be able to live up to your high expectations and will have to endure your, shall I say, unique form of encouragement.
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Topic
Board Bitcoin Discussion
Re: NASDAQ - Bitcoin Futures - WOW!
by
garet
on 30/11/2017, 09:11:23 UTC
Futures would make the Bitcoin price much easier to manipulate.  One major banking institution or other wealthy group could manipulate BTC users in pretty much any way that they want.

Since BTC has less of a clear value than most other stocks and assets, it means that investors could be manipulated to push the price as high (or as low) as they want.

However, I suppose that introduction to a more mainstream and regulated audience could be helpful, as it could theoretically free us from the emotionally unstable investors we have now.

This is my concern as well. Futures worry me like hell, they are so open to manipulation. But big players entering the market is always a good sign on the other hand. If this move helps bitcoin expand in terms of the number of people owning the coin, i.e. helps decentralize it more, then I'm all for it.

I think the fear is that there is a chance that these big players you mention entering the market would buy up large positions of BTC and control the market. It would actually have the opposite effect of decentralisation and continue the trend of large institutional investors controlling financial markets.

My big thing is that bitcoin is already highly speculative and bringing in instruments that encourage more speculation will make trading even more volatile for the average consumer. Honestly the crypto market is just going the way of traditional financial markets and soon I think the whole ethos of Bitcoin and others will be lost to that pesky human attribute called greed.

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Topic
Board Speculation (Altcoins)
Re: eth going strong
by
garet
on 28/11/2017, 13:22:18 UTC
Yes ETH is good for invest , in the end of 2017 ETH will be 900$  Smiley Smiley

$900 in the next month may be a little optimistic but next year could be a possibility.
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Topic
Board Speculation
Re: Bitcoin Reaches 9000 USD
by
garet
on 26/11/2017, 13:01:22 UTC
Definitely will reach 9000 this year and depending on how December goes, 10k before Jan.

I wouldn't be surprised to see it reach around 8400 in this coming week, which may be a bargain tbh.
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Topic
Board Altcoin Discussion
Re: too many ICO already
by
garet
on 25/11/2017, 18:46:45 UTC
This ICO might be interesting. I'm still debating on whether or not to buy though.
https://www.nagaico.com/
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Topic
Board Altcoin Discussion
Re: too many ICO already
by
garet
on 24/11/2017, 14:20:37 UTC
+1 for INS it looks really promising you should consider looking into it.

I can confirm on this. INS is a good project!

It's so good to see authentic, unbiased support for these projects!
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Topic
Board Altcoin Discussion
Re: too many ICO already
by
garet
on 23/11/2017, 16:16:08 UTC
Every ICOs is good as long you choose the right one some of it maybe just gonna dump when token distributed and another have its own way to the moon

So in other words, not every ICO is good?
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Topic
Board Altcoin Discussion
Re: etc fork?
by
garet
on 22/11/2017, 11:56:33 UTC
Interesting. Will have to follow up on this to see if there is a new fork in the making.

Seems your friend could be confused with the old fork after the DAO incident like others have suggested.
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Topic
Board Bitcoin Discussion
Re: You Think an $8000 Bitcoin Price Is Cool? Wait Until We Hit $12000 in January
by
garet
on 21/11/2017, 11:47:32 UTC
12k? It's crazy to think but definitely realistic! Crazy times we are living in...
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Board Service Discussion (Altcoins)
Re: Bittrex.com SCAM 100%
by
garet
on 15/11/2017, 17:43:54 UTC
This is like 3 years old lol! Why is this relevant?

Also, storing your coins on an exchange is just asking for trouble (he says as many of his coins sit on an exchange).
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Topic
Board Bitcoin Discussion
Re: Where are you all holding your Bitcoin for the fork?
by
garet
on 06/11/2017, 09:18:29 UTC
I'll be storing mine in a wallet just to be safe. I used to store on exchanges but I feel it gets riskier and riskier everyday.
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Topic
Board Project Development
Re: Keeping up to date with the latest cryptocurrency news - my solution
by
garet
on 24/07/2017, 09:01:45 UTC
Just wanted to stop in and say great job on the development of the website! I saw it when it was first released and it's come a long way. The new features you've added along the way have been really helpful. Keep it going Smiley