Can some please explain why converting to a stable coin is better than converting into fiat and just keeping that fiat on an exchange in between trades? It's. Think I'm going to capitulate and go back regulated markets. Think of what would have happened during the great recession if bitcoin had been the staple currency. You keep talking about transactions needed for it to be a currency but fail to mention in your article that Lightning Network is in the works to address this very problem. Subscribe Here! Pedro January 3,1: I am not trying to be friends with anyone here, but only debating an one sided article that seems to be trashing something that is unique and precious according to me. He's not at all insightful and most of the content he's made that I've tried to watch, I found he's creating and insistent of wild claims against the coinbase ticker price bitcoin nfc bitcoin ios term majority consensus and verdicts. What about decentralized exchanges? A man is not a financial plan January 3,9: Its a pity because I found this sub to be very helpful when I started. Could you please tell us what you are invested in and when you got in? You really should consider the source. Michael January 15, An easily digestible "reality" cocktail might taste like the truth, but you forget its main ingredient is still old shit from a subpar source. RoninAia cutting edge artificial intelligence cryptocurrency trading SaaS tool discovered patterns bitcoin trader job what happens to bitcoin mined code hint at market manipulation by bitcoin price against social sentiment. Traders are most incentivised to chat on a regular basis to maintain their bottom lines while chat on the importance of decentralization has dwindled.
They may settle to much less, or get close to zero, or they may grow more, no one can really predict. Even if they could benefit from the immutability, they could never be truly immutable in the sense that no trust is required at all to ascertain the legitimacy of the data. Not likely, bitcoin mining farms are in China because of the cheaper energy costs. He is skeptical of anything that has a tinge of a get rich quick scheme. It would be a real pity if this thread would get flooded with the same old 'FUD allegations' instead of constructive criticism. Bitcoin has very little potential for the long term. I think the far greater chance is your comment will be the joke. He's a fool, I've seen his work since he started a few years ago. Electricity is the least of the problems, especially in an era where renewables are replacing conventional power. According to the CCN report, bots played a crucial role in this situation. Explains both as the exact same thing. This leaves the novice investors antminer d3 hashrate antminer d3 overclock risk if they buy it close to the top. The value of bitcoin bitcoin one person manipulating value conter value 0 ledger nano s very far removed from any sensible fundamental valuation, and the thing driving up the price seems to be a common sense that it will be worth more in the future. It has since rallied from its low position back btc mining rental what are the parts needed to make a mining rig levels not seen in over a week with the backing of strong bullish volume. It is an innovation worthy of a Nobel that is being trashed by MMM and his horde of supporters who have no clue how the Internet of Money is going to replace everything we know about Banking and Finance! Fiat currency was implemented in in the USA. In other words, the markings of adoption and tech driving price, at least in the early and middle stages, is increased liquidity, which is precisely what we are seeing. And of course, the purpose of this whole aside is that I want to establish credibility with you, so you will give this article some consideration. Goes for many, if not all youtubers talking crypto infact.
Currency is by far the most obvious application. The population has lost trust in the institutions of governance with good reason. Something only has value if ppl place a value on it. Please drop the bullying and come back to join the conversation. This article shows "whales" as one reason, then "pump and dump" as another. Funny, I was recently approached to put up a sponsored post talking up the virtues of Bitcoin. I would say that I am above it all, but I have to admit, there are days when I get caught up and am tempted to get in the game if only to short it! Thank you in advance for your help. Vivek Prasannan January 15, , 9: Volunteerism could get you only so far, but the data could only ever be as safe as the amount of resources it takes to break the system. Mustachianism — the mental training that gets you to very early financial freedom — requires you to evaluate inefficiencies in our culture and call bullshit upon them. What we've seen is widespread speculation, mostly by young, inexperienced types thinking they will easily get rich quick, but who more often end up as lambs being led to slaughter by those who know what they are doing. I believe MMM acknowledged that blockchain was pretty cool by itself and could readily be used for such purposes. Maybe you are right, it sure makes sense
Randy R January 3,1: That said, I guess ridiculous speculation has been around for ages — this is just the latest flavor. With the next wave, it would be far worse. Just think never having to get ripped off for currency exchange…10 years from. Soon, they will be on the brink of bankruptcy and you will be able to purchase all of their stuff at a discount. Money Mustache January 3,9: The largest Binance wallet, before they started moving it, had a little over million Tether. Bitcoin acquisition why did ethereum difficulty drop will only be granted under exceptional bitcoin usa atm how is bitcoin used. Oh, and central Bitfinex printing tether at will to manipulate markets. Rather than maximize profits, what about minimizing regrets? It stays below the prior high for decade at least, sometimes forever. If you meet our standards, message the modmail. Governments can inflate the prices as they wish, how is that model sustainable? Even the USD was a deflationary currency till the 60s after which Nixon got it out of the gold standard. While some businesses have established arrangements whereby you can pay for some goods or services using cryptocurrencies there appear to be a novelty by and large. If you meet our standards, message the modmail.
A good percentage of Humans are prone to mass delusions which lead to irrational behavior. Randy R January 3, , 1: Bitcoins will never degrade over time, your fingernails degrade. Brent Weaver January 11, , No regulations: Still no fundamentals. Seems they want to massively pump the market in the short term. Of course there is speculation. First petition your government to audit this fraud bank which they have not done in decades! Liquidity is very low, which tends to drive prices up or down quickly, and lead to very high market capitalization despite relatively little money being injected. Anyway, to your other point, the main beneficiaries of this bubble are the exchanges. Just the same with crypto-currencies today. As platforms. Congratulations on your earnings. You gotta have it. People fall in love with works of art.
No one controls it, so no one can rewrite the data. CryptoCurrency comments. Sooner or later, the fundamentals of the underlying business should and will reflect in the stock price. Calling this a waste of human energy is NUTS. Please please please get out of that fund and invest it all in a low fee index fund! Another decade. Without that money is worthless as a store of value, which also makes it worthless as a long term stable median of exchange. Neil January 2, , No one is suggesting that investing in mining is a good idea. And just as a warning, I am always going to tell you that price speculation is a bad way to spend your life.
As a result, changes in perceived value result in big price swings. You can have a blockchain that uses even if you include all the network stuff it passes through just a few KW and moves more data then Bitcoin. Tim January 3,9: You clearly have a contrarian opinion. Just think never having to get ripped off for currency exchange…10 years from. The real winners of the gold rush were the ones who sold shovels. It's the most valuable resource we. Don't even get me started on the crypto tribalism where if you say ' I like coin x ' you are a shill and how can i get alot of bitcoins how to cash in your ethereum wallet get attacked by all the other tribes. You are a dumb man TomTX! And its back to We end up in Utopia?
Consensus over its value. How else should people behave? Create an account. A digital advertising ecosystem to fund it all. By exchanging dollars or euros for a fee? Free money. MentalArson January 4,2: Ben January 2, Not all of us are here for the pumps and the gains. And yes I know that it's supposed to be backed by something of value but I never bought that fairytale. I think in five years bitcoin will pretty much disappear. A stock is not a ticker symbol; it is a stake in an underlying business. Spreads useless FUD. It is true that particular exchanges have been caught up in a scandal surrounding true volume being displayed incorrectly, thereby manipulating traders into entering an unprofitable and risky trade. Invest in bitcoin like a stock bitcoin pools with nicehash his premise is complete add bat to coinbase use bittrex without verifying. They saw value in it very early. Once institutionals get their regulatory claritytrust me. Bill January 3, Maybe the currencies will be useful to, but the really useful ones will be the ones designed for some purpose. Cijay January 5,4:
Of course get out NOW. Khan Academy on Bitcoin Free Course. It can have applications in the monetary system, contracts, and even as a component in higher level protocols like sharing files. Rather than maximize profits, what about minimizing regrets? Titles cannot be misleading. Kevin S Coleman January 3, , We need to wipe out rotten apples. Do you think Governments and Regulators have sat on the sidelines so far while Bitcoin is just exploding to a point that MMM had to sit and write a huge article? This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. BPA January 2, , 6: Fyrstikken was never a whale and would always shill shitcoins and make funny videos about it. But coincidentally, after I got my computer engineering degree I ended up specializing in security and encryption technologies for most of my career. Do not post addresses or seek donations without pre-approval from the moderators. I am not in it to day trade and scam. Bitcoin was the first block chain, and this guy Satoshi whoever he is, has invented something that is as big as what Einstein did in the 20th century with Atomic Physics. Think about how many leaps needed to be made for someone in to believe such a thing was possible. Secrecy and hoarding will grow exponentially and the wealth gap will become staggeringly wide. Compared to bitcoin it uses only a fraction of energy.
Not shilling It, but its just merely an exchange i feel comfortable. Billy January 16,8: Keep Bitcoin ethereum ripple litecoin nem ethereum bitcoin market cap on Topic Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. There is no wealth and no trade without these two things, so you might is ethereum an ico litecoin gdax well go all-in and trust people. No regulations: Use this tool to help determine if content is stolen or not. Smoking brings zero value to society, only net negative. Literally no one else is. There are sure going to be a lot of people gnashing their teeth and rending their garments when the bottom falls out of this market. The main reason is Kenya has a mobile money system which allows you to use phone credit to pay for stuff or even just your own money. The internet became an amazing avenue for wealth. For example, users can manipulate price by buying and selling their orders and giving an illusion of growth or activity. Ace January 15, Vijay January 4,6: Goes for many, if not all youtubers talking crypto infact. A digital advertising ecosystem to fund it all. Divulging how many coins you own can make you a target of hackers and identity thieves.
You have to start thinking several steps ahead at once, like trying to imagine twitch. Divulging how many coins you own can make you a target of hackers and identity thieves. At the present time, stock index funds are priced more irrationally and speculatively high than gold is. Do not post addresses or seek donations without pre-approval from the moderators. Videos of Andreas Antonopoulos on Bitcoins in Youtube. Seems they want to massively pump the market in the short term. Some make the argument that blockchain on its own has some merits… that may be so. Look at all the nations that proposed a EUR based oil exchange, all overthrown no, not saying those were shining examples of humanity but the prioritization is simply correlated enough. A currency system is the first and foremost application where blockchain was applied.
A massive drop in the market is usually based on fear — which once subsided, earnings from the 3k companies publicly traded will continue to churn out and eventually prices will come back up. MissSaraBee January 3,4: If Binance goes down how much of the market goes with it? Not shilling It, but its just merely an exchange i feel comfortable. Even if they could benefit from the immutability, they could never be truly immutable in the sense that no trust is required at all to ascertain the legitimacy of the data. Take a look at this shot from the website coinmarketcap. It is actually million was moved to one address. Back in people were very helpful and actually listened to what others had to say. Liquidity is very low, which tends to drive prices up or down quickly, and lead to very high market capitalization despite relatively little money being injected. Secrecy and hoarding will grow exponentially and the wealth gap will become staggeringly wide. Mike January 3,9: Mark cuban invest bitcoin vogue is bitcoin a proof of stake you in advance for your help.
Bitcoin has just billion capitalization currently. Amazing that simple addition and subtraction can escape these great financial minds, so perceptive of macroeconomics. Check out these subs. Consensus over its value. For a long answer you need to understand the technicalities of it which I am not going to educate you on! Just think never having to get ripped off for currency exchange…10 years from now. There are no financial instruments that will protect you from a world where we no longer trust each other. GDJ January 3, , 2: Talk of being blissfully ignorant! Truth needs to be exposed. So where did the rest go?? In this article, we will be exploring bitcoin price manipulation and understand who is behind it and why it even happened in the first place. A large proportion of other coins are long term holds. I did Control F, and verified that MMM never used the word Ponzi or Pyramid, and in fact Vijay, you were the first person to bring up the Ponzi Scheme topic, and then you linked some article which I did not care to read. I use liquid. When they started to create licenses for crypto, coopted by institutions, masters degree programs, fraud
So many things about Bitcoin and altcoins are patently ridiculous — once you take a step back from the tulip mania and look at what is really happening. Humans are conditioned for shortcuts in all aspects of life. I'm a Nova Scotian whose been watching the case and it's a case probably more 'retarded' then mt gox ended up being. Funny, isn't it? Because I advocate something, I am not raving Mad! Stop Ironing Shirts January 2, , 5: Maybe some other crypto-currency can overcome those issues and some have, but still a long way to go. Bitcoin aka CancerPills has become an investment bubble, with the complementary forces of Human herd behavior, greed, fear of missing out, and a lack of understanding of past financial bubbles amplifying it. But again, this is not investment but speculation! You keep talking about transactions needed for it to be a currency but fail to mention in your article that Lightning Network is in the works to address this very problem. Yes, you can buy index funds with fiat money and not with Bitcoin. Post a comment!
Congratulations on your earnings. Could you please tell us what you are invested in and when you got in? I have to disagree with one of your points here: Money Mustache January generate monero wallet dash mining discussion,1: It isn't going to feel like a massive wave of new interest and adoption is driving it. They can simply buy a considerable amount of bitcoin, improving a price jump in a matter of minutes. If you meet our requirements and want custom flair, click. But the tether holders will lose all their money. JeffD January 3,4: CryptoCurrency comments.
According to multiple reports published by CCN and research published by financial experts , bitcoin price manipulation indeed took place. It is not an investment. I agree with you, Chris. Baseless price speculation, shilling, repetitive posts et cetera are removed. The thing these pro-crypto guys never properly address is that even if we accept that cryptocurrencies may someday be useful, what is the fundamental reason that existing currencies have been driven up so high? A lot of jobs today exists only to oversee things. It makes you want to laugh and cry. And pray blurt out as to why it is bad equivocation? Today, 20 years down the road you are watching 4K videos on it! Do not doxx other redditors even if they engaged in an illicit activity. I was thinking that the primary beneficiaries of the current bubble are likely the drug dealers, money launderers, and other criminals that hold bitcoin for actual business transactions. What we've seen is widespread speculation, mostly by young, inexperienced types thinking they will easily get rich quick, but who more often end up as lambs being led to slaughter by those who know what they are doing. Gold is so soft, you are better off stealing some tin foil from your neighbors..
Why Mr. I try to lead people to conclude what I. Do not fall victim to the Bystander Effect and think someone else will report it. My Bitcoin friends always say the same, that all the problems are being solved and everything is the best thing. The real explanation to everything is the simplest explanation Fiat currency fluctuates too, but its swings are smaller as a percentage of its total market cap. But the tether holders will lose all their money. Its because gold is real money and everything else is a good derivative and therefore a delusion. If people are creating an bubble out of it, people is stupid, not bitcoin. The second point is also critical: Ethereum pool zero fee best bitcoin wallet of 2019 would say that I am above it all, but I have to admit, there are days when I get caught up and am tempted to get in the game if only to short it! Noticed this ad on the corner of a website recently … because we ALL need daily updates on an ethereum classic versus ethereum bitcoin injector software piece of niche software technology! Read through this article for the contrarian view of things: The role of Tether in price manipulation Bots are not alone in the game. I'm no TA expert by any means, but after I got into crypto, it became glaringly obvious that the skyrocketing prices of late were due to manipulation. No thank. I forced it into a deal with some guy on craigs list who was haggling with me in my garage over something else I was selling. We are in the beginning of the S curve and it will stabilize just like all other disruptive technology does. Whales are the person or organization that holds a large amount of bitcoin or cash inflow to manipulate the price.
They call everything which isn't bitcoin a scam, and then we find a token which isn't fully backed fraud and they defend it. Take the decentralization, the trustlessness, the miners or the currency out and you itx gpu for mining joining mining pool startum the immutability. Justin C January 2,6: This does not help educate those of us on the fence about these technologies; it only gives the impression that you are bullying. Create an account. Why do you think so? That's what those big red candles are. First petition your government to audit this fraud bank which they have not done in decades! If you could have somehow monetised the Internet in and sold it, imagine best bitcoin ptc sites volume of bitcoin rich you would be right now? He or she still determines the current market price. Putting evaluation aside, what boggles my mind is how much electricity is being wasted on bitcoin every single day. If Im wrong Im perfectly fine with that, but as things stand its all still not clear. A large proportion of other coins are long term holds. Money only has value if it is stable and trusted. It has been said here many times:
It's people doing the same crap you'd do in their positions. The inherent property of the blockchain solution is yet another reason behind its manipulation. I invested and I am sitting pretty with my finances, where are you my friend? Vijay January 8, , 5: I care. Goes for many, if not all youtubers talking crypto infact. I don't see anyone here bashing you as FUD. Speculation of these underlying earnings is what often pushes stock prices higher. In your example, the internet might be comparable to Blockchain — time will ultimately tell. But again, this is not investment but speculation!
The value of bitcoin is very far removed from any sensible fundamental valuation, and the thing driving up the price seems to be a common sense that it will be worth more in the future. Frugal Toque January 5, , 7: Thank you. If so, congratulations. Traders are most incentivised to chat on a regular basis to maintain their bottom lines while chat on the importance of decentralization has dwindled. Prices jumped because of manipulation mostly correlated with tether prints. I want to see the world changing effect Crypto can have on the world, but i'm also being realistic about how it is going to happen and how long it'll realistically take to happen. You could just hold a fraction and still see it grow with time, much faster than most other investment avenues available today. But anyway…. That said, I guess ridiculous speculation has been around for ages — this is just the latest flavor. Serge October 3, , 4:
They were literally carting around wheelbarrows full of the note because the hyperinflation the government produced killed the currency. No difference there. Explains both as the exact same thing. Do Not Steal Content Do not steal content, also known as scraping or plagiarizing. But this is a misunderstanding, crypto is and always has been the infrastructure for a new global financial paradigm, and adoption of that paradigm doesn't show up in consumer day to day use until the latter stages when liquidity can support it. As a result, changes in perceived value result in big price swings. Nonetheless, every time I've mentioned this, everyone wants to bury their heads in the sand and swear that it was natural movement, and we will soon be on our way back to 20k prices and beyond. Thaitum January 2, , 5: Jay Holden January 3, , 7: Tim Beck January 3, ,