Search content
Sort by
Showing 20 of 384 results by rodalutor
I think it's unlikely that will happen. There's no real reason for it to do so. So it just becomes a case of will BTC crash to 1/3 its current value or gold pump 3x its value. We can dismiss the latter happening with quite a strong degree of certainty, at least in the shorter term. BTC is unlikely to crash so far because of the cost to mine and the strong support levels around $3000.
They won't be able to keep saving it. At some point the USD will reach the point of no return when people actually wake up and start dumping it to buy goods, metals, crypto, whatever they can just to get rid of the dollar. At this point it will be too late for you to do anything if you are still a dolar holder at that point. Market crashes come suddenly and hit fast. One day it's all fine the next it's people standing in lines in front of their banks, and all ATMs are empty. You wake up, watch the news, and it's all in chaos.
It won't be people that trigger it, it will be countries or banks, the US owes so much in debt to many countries, mostly they're just allowed to renew it for some more time and pay a fee but if this starts to change then the US will have to print more money just to pay their debts and hyper-inflation will ensue.
Fiat doesn't enter in to the bitcoin system, it only changes hands as a result of it. There's little need for anyone to hold fiat in bitcoin, other than a little by exchanges or by traders looking to be able to buy dips.
My point is that : The core problem is not if the transaction cost is big or small, it's about bringing blockchain into mainstream.
For example, you gave your grandma a game account to play a game on Ethereum, and every actions need to use smart contract.
But she doesn't have ETH because she know nothing about blockchain, so she can never play the game unless she learns how to buy ETH on exchange, how to use wallet etc.
But with an account which dosen't require transaction, she can use DAPP without any knowledge about blockchain.
For example, you gave your grandma a game account to play a game on Ethereum, and every actions need to use smart contract.
But she doesn't have ETH because she know nothing about blockchain, so she can never play the game unless she learns how to buy ETH on exchange, how to use wallet etc.
But with an account which dosen't require transaction, she can use DAPP without any knowledge about blockchain.
It's all about an user friendly front end. Bank transfers have fees, pretty high compared to crypto. Bitcoin is still cheap compared to most bank transfers and faster. Yet we see old people using bank transfers all the time because they are used to their front end.
As far as grandmas using Bitcoin, I don't think it will ever happen, until current generation of millennial are old since they will grow up with Bitcoin.
LN will have very user friendly front ends which anyone can use with a phone. The average Joe doesn't need to know what even an on-chain or off-chain transaction is or even the fee since it will be tiny. All that matters is it will be easy to use and transactions are settled in the Bitcoin blockchain which is safer than anything else out there.
Precisely, both still have transaction costs, it's just one is upfront and afterwards not visible whereas the other is visible at all times. If you just loaded that grandma's account with ether equivalent to the EOS subscription then which one would be better?
Re: When traditional markets fall, alternative markets fall harder
The main issue in this regard with the crypto market is that the only channel to investing is through FIAT such as USD.
I read about a football club, which opted to pay its employees using cryptocurrency, if this could be adopted by more organizations. It would boost adoption and would also separate the stock and cryptocurrency market.
It would be something of a start, the crypto market doesn't need to be separated from the stock market, that is already largely the case, it needs to be separated from FIAT. Paying employees is a start but having places they can actually spend their funds and it be beneficial for them is when real adoption will come.
Re: When traditional markets fall, alternative markets fall harder
The main issue in this regard with the crypto market is that the only channel to investing is through FIAT such as USD. If there's an economic crash in the US and people try to cut their investments then there will be less dollars to flow in to crypto. Within crypto there would likely be no the same struggles, that's why low cap alts that only seem to trade BTC/alt don't have too much fluctuation in times like this.
Another point with a subscription based payment method is that people can spam the network as much as they want at no extra cost. I have to agree with Vitalik that this is not the ideal method and again that if the tx fee is far less than 1 cent, does anyone really care?
Everything artificial must ultimately return to reality. The sooner the return, the better.
Agreed but not with the sooner the better. If the pattern is only going to be the same again next time, with more artificial growth and another bubble, it's best that those bubbles grow as much as possible and are sustained for as long as possible.
The article was talking about FIAT rather than crypto but either way, traders would still prefer a bullish market than a bearish one. Lots of traders aren't a sign of success, just good conditions for trading. If you're considering welfare as the no 1 objective then the less corrections the better.
I've seen a few companies and also shows making jibes at bitcoin lately, I don't see it being a bad thing in the long run. As big as a bubble we experienced last year we still weren't anywhere close to full adoption or recognition. I like to think of this as free advertising.
Everything artificial must ultimately return to reality. The sooner the return, the better.
Agreed but not with the sooner the better. If the pattern is only going to be the same again next time, with more artificial growth and another bubble, it's best that those bubbles grow as much as possible and are sustained for as long as possible.
There are some things that a baby is incapable of really learning and understanding. Until they fully develop an understanding of language primarily and money secondary they need not be introduced to the blockchain. I think really under the age of 5 or so Children should be left to play and learn through fun rather than being subjected to other things.
Re: ichimoku cloud says 3100$ is the cheapest bitcoin will ever be
Well so far so good on that prediction. $4000 was just broken a short while ago. Still it's going to be a long way until bitcoin is clear of any potential new lows in this market. We saw how quickly the price fell from $6000 when it eventually did fall. Let's hope the cloud is right.
Re: Canada warns its citizens to only buy marijuana with cash
Source: https://www.mtlblog.com/news/canada/the-government-of-canada-is-now-officially-warning-canadians-to-buy-legal-marijuana-with-cash-to-protect-their-personal-information
In my opinion these are quite interesting news, as we often talk here how all the governments only want to replace cash, because they want to monitor all transactions, but it seems to be more complex than that. Privacy can protect people from criminals and malicious outside actors, and I think the benefits are far more important than some small number of criminals getting away with crimes.
In this light, crypto can find its place in economy as "digital cash", and some governments might officially recognize it.
In my opinion these are quite interesting news, as we often talk here how all the governments only want to replace cash, because they want to monitor all transactions, but it seems to be more complex than that. Privacy can protect people from criminals and malicious outside actors, and I think the benefits are far more important than some small number of criminals getting away with crimes.
In this light, crypto can find its place in economy as "digital cash", and some governments might officially recognize it.
Who wants to wastes their coins to some weed? They could really buy it with cash only and it has nothing wrong with that.
It just depends on if you plan to replace those coins or if you even bought them with the intention of spending them. Personally I'd rather pay a slight premium in fiat on smaller transactions than go through the hassle of buying new crypto to replenish that which I've spent.
Re: No, the Price of Bitcoin Didn’t Drop Because of Bomb Threats
LOL. Any significant bomb threat or terror activity has been shown to send the stock markets tumbling (think 9/11). If such a relationship existed with bitcoin it wouldn't be some measly 5% drop that occurs nearly every day, it would be 50%, 100% or even more wiped off.
Re: A transfer of 249.999 BTC happened just now, really amazing
its not a "user speculating"
its an exchange organising its cold store
the only speculating i see is the social drama of the reddit poster and this topic creator
exchanges have always been organising its coldstore daily for years
so many examples.. heres one
https://www.blockchain.com/btc/tx/33b2d09f26364cde78982079f99ae585688c7f96fc6497ef9e59a0fa2f434dae
this is an exchange re-accumilating its cold stores into one main address after reorganising
there are many other examples.. just the other week people were screaming about "6k moved" "66k moved" "8k moved"
which were all the same thing
so relax its not user movements. its just exchanges doing what they do regularly
its an exchange organising its cold store
the only speculating i see is the social drama of the reddit poster and this topic creator
exchanges have always been organising its coldstore daily for years
so many examples.. heres one
https://www.blockchain.com/btc/tx/33b2d09f26364cde78982079f99ae585688c7f96fc6497ef9e59a0fa2f434dae
this is an exchange re-accumilating its cold stores into one main address after reorganising
there are many other examples.. just the other week people were screaming about "6k moved" "66k moved" "8k moved"
which were all the same thing
so relax its not user movements. its just exchanges doing what they do regularly
It was my first inclination as these threads seem to pop up every few weeks. Even if it wasn't an exchange it wouldn't really enable us to draw any conclusions. It could be both a positive or a negative or even a complete non-event. I think if you're trying to connect the dots between bitcoin moving between wallets and bitcoin price movements then you're going to come up cold and you should consider looking elsewhere.
Re: A transfer of 249.999 BTC happened just now, really amazing
Does anyone even know if this address belongs to an individual or an entity buying btc rather than just being an address owned by an exchange or one of the whales moving their own funds around? Would think if it's some large entity adding btc each week they'd buy more than 750k worth per week.
Re: IMF asks for more money to solve the problems with money (and a genuine warning)
⭐ Merited by Betwrong (1)
What lessons will these people learn, if nobody is being held accountable for the last crisis? Some of these corrupt Bankers got huge bonusses, after they "rescued" 
their companies with taxpayers bailouts!
This was the reason why Satoshi created Bitcoin and we should seriously consider if we are still on track to achieve Satoshi's goals.
The next crisis will come in 2019 and it will be worst than the one we had before.
their companies with taxpayers bailouts!This was the reason why Satoshi created Bitcoin and we should seriously consider if we are still on track to achieve Satoshi's goals.
The next crisis will come in 2019 and it will be worst than the one we had before.
Bankers bonuses are a double edge sword, they are in the best interest of banks and shareholders in one way because they incentivize good and hard work, on the other hand they incentivize corrupt or improper practices to increase profits and gain bonuses. The best mix between the two in ensuring bonuses are payable in the future and are in stocks rather than cash.
Many people are calling a new crisis in 2019 but if it's so obvious then it won't be nearly as bad as 07/08. That came out of nowhere and that's why it was so bad, the worst crashes are always when people are unassuming and think everything is going great.
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
It creates interest and volume in a token from people who otherwise wouldn't notice it. It's a win-win situation. The token developers get recognition for their token and increased interest. The exchanges get increased trading volume and so increased profit from fees.
We have some of the most intelligent people in the world working on extracting as much wealth as possible from high volume trading. For someone to gain money in the market someone most lose. Imagine if we had these minds working on solving real world problems that would actually benefit society. Just like gambling, trading is zero sum.
That's not exactly true. The price could go up without anyone selling anything which means if I have 1 bitcoin and it is at 3 thousand dollars and I don't sell it and it goes to 4 thousand dollars that means I made 1 thousand dollar profit, also if I sell it at 4 thousand dollars and someone else buys it and it goes to 5 thousand dollars it means that person made 1 thousand dollars too. Yes I am missing out on an extra 1 thousand dollar profit in that case but still I have not made any lost. That way the trading becomes not something like a zero sum game but it is just who will make the most money. The only way people lose money trading is when they sell lower than they bought, otherwise during the peak times of bitcoin there was a lot of people profiting while selling and everyone was at a gain while no one was losing.
While I agree with what you're saying it's easy to see why you can argue the other-side. From a pure economics point of view, considering profit maximization if you sell at a profit of $1000 but could've had $2000 you've lost out on $1000. It's not practical to think that way from the point of view of someone trading but it is the simple truth if modelling the market.
Re: What are your key reasons of choosing a particular exchange for trading?
Hello,
1. What are your personal the must-haves for an exchange to be of any interest to you?
2. Is low volume and liquidity a big "no go" to you? Or do you approach such exchanges as potential interest for market making or arbitrage (small exchanges are responding to volatility slower and this may give some good arbitrage opportunities), etc.
ps: we are launching a new crypto-to-FIAT exchange (starting with /EUR pairs) and would love to get tips from the crypto community on their needs in order to built durable exchange.
Thanks in advance,
Art
1. What are your personal the must-haves for an exchange to be of any interest to you?
2. Is low volume and liquidity a big "no go" to you? Or do you approach such exchanges as potential interest for market making or arbitrage (small exchanges are responding to volatility slower and this may give some good arbitrage opportunities), etc.
ps: we are launching a new crypto-to-FIAT exchange (starting with /EUR pairs) and would love to get tips from the crypto community on their needs in order to built durable exchange.
Thanks in advance,
Art
The most important thing is trust and reliability and then a broad range of coins and liquidity, without the first thing I won't go near to any exchange.
I personally only like to trade in highly liquid markets but know of many who look for opportunities in low liquidity markets. Each have their merit, high liquidity allows for more trades but lower spreads, low liquidity the inverse.
As for crypto/euro pairs, it's always going to be tough to compete and get enough of the market, even Europeans are so used to USD being the main currency now and it's confusing trading cross currency.