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Buying bitcoins
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Fair enough. I get ya; Reddit as a platform does not appeal to all tastes.makeorbrake wrote: »I've never really taken to Reddit anyway - for whatever reason.
Bitcointalk.org is indeed biased towards Bitcoin. The views of most members there will be distinctly skewed to a bullish view of bitcoin and its potential. Roger Ver, of course, has his own personal agenda and will always be antagonistic to Core and by consequence to Bitcointalk. I think that the forum is highly educational and worthwhile. Just my opinion of course. One has to make up one's own mind about it.bitcointalk - I have frequented in recent weeks. Is the consensus that this is a decent source of information? Roger Ver was complaining that it was anti-B.U. and that posts were being deleted....
Agree with much of the above. I frankly think that 99% of the altcoins outside the big 3 -- ETH, Monero, Litecoin, --re nothing more than hypecoins, pump 'n dump vehicles, and outright scamcoins. Purely used as speculations and day-trading opportunities. It is exciting and fascinating, however, to follow their movements on the likes of Poloniex.The rationale so far seems to be that BTC seems to have a short-term difficulty and on that basis people have bailed in to alt-coins.
That's not sufficient rationale from where I'm sitting. I know Monero is regarded as being truly private/anonymous and that Ethereum offers greater opportunities on the smart-contract front.
Other than that, I'm at a loss as to what the other advantages/disadvantages of these (and other alt's) are.....
I have to declare that I am a bagholder to a small degree of two of them -- Factom and Golem. Still waiting for either of those two to "go to da moon", tho'.
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I guess my logic here is that if it reaches a modestly significant market capitalisation, that should mean that someone has professed some merit in the currency. I get that - this, in and of itself - doesn't determine the actual merits of a crypto. However, when approaching it in this way, does it not whittle down the number of crypto's to spend time and energy into investigating?I wouldn't say that's any guarantee dogecoin was the second or third most valuable coin after bitcoin at one stage, and feathercoin and quark coin were in the top 5 market caps. Marketcap is important but hype and vaporware can go very far from what I've seen in the past. You have to look at the whole picture, things like financial backing, marketing, the features it offers that make it stand out from others, development backing and how much work is going into it that sort of thing. Saying that if you're interested in investing in other crypto currencies starting by marketcap isn't a bad call!
There are some 700+ crypto's. I am struggling to gain a real in-depth understanding of just bitcoin. I can't imagine having to check out every single crypto! Even if I gave up my day job, I don't think I could do a decent job of it.
My thinking is to use market cap as a means towards short-listing - and immediately thereafter, invest time into figuring out what each of those such crypto's has...as presumably, they didn't get some folks to back them without some form of advancement (or alleged(!) advancement)....?
I appreciate that - and kudos to you for coming out the right side of it. However, I don't want to stick my grandchildren's inheritance on red or blackOh it was a complete and utter crapshoot I did pretty well at the time out of it but I would not recommend it, this was when the altcoin craze initially took off and I got caught up in it at a time.
There's always going to be risk of course - but I'd like to think I can at least arrive at (to me) - what would be an informed decision.
Couldn't agree with you more - and it's what makes evaluation of up n'coming crypto's so damn difficult (when you can't have confidence in what is being published/written on them...and the same goes for the outlook for bitcoin in that respect).The problem is there's a lot of misinformation out there by people who have a vested interest in promoting the crypto currency they are backing because they have a financial interest in it. For every topic you see backing an alt coin as a bitcoin killer you'll see another one denouncing it as a scamcoin so you have to be careful. Not only that but even coins that have value offering something unique in the space or surpass bitcoin in certain ways often fail.
It certainly hasn't happened yet - but the issue is if and when it does happen, will we be ahead of the curve or will we see our investments in btc raised to the ground long before we have the opportunity to react? That's the fear.Whether an actual bitcoin killer will be obvious when it arrives remains to be seen but I don't think it has happened yet.
Again, I too have limited knowledge on the subject. However, insofar as I understand it, there's merit in what you say. By all accounts - given that BTC is active on an ongoing basis with many people actively using it in one way or another, making changes has to be very well thought out - to ensure backward compatibility and to ensure that they don't introduce bugs to the system that could compromise the currency or damage it generally. They have by far and away, the largest and most proficient development team. However, they don't take rash decisions.From my limited knowledge I think it's difficult for BTC to incorporate the u.s.p's other coins offer as its not easily adaptable to big changes but maybe some one else can explain that better than me!
There's good n' bad in this. The good I've eluded to above. The bad could mean that they are slow to react - making a developing currency far less agile to respond to changing circumstances and the competitive environment.
So this is proprietary? Interesting. Well, given that launch is only a few weeks away, please do come back to us with the details then. Intrigued to see what competitive angle they present.I can't really say anymore about this at present because the advantages are tied in with why none of this is being announced publically until the official presentation and I wouldn't feel comfortable talking about it. The presentation will be late next week or early the week after and it will be online so I'll post a link to it at the time when I have permission to if people are interested.
No the platform has been built from the ground up and is not based on bitcoin.0 -
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Hasn't it been volatile enough for you?On another topic anyone noticed how btc stalled all this last week, once it re-bounced from approx 800e it barely made any way in 1000$ zone.Its like stalled now.
Yes, I've been monitoring it - it's become my new obsession. It took a hell of a nose dive and recovered to a respectable level.
I think it was prog_nastic_8 who was thinking in terms of btc likely taking a hit and getting smacked down to a level of $500. In my totally unscientific and uneducated ways, I was thinking in terms of buying in at €600 - if it takes a dive.since like to speculate, i dont rule out there might be drop coming and we will see 600e price.
Lightening Network is a long ways off. SegWit has to come first. The speculation continues in both directions - the most recent I was reading suggesting that the B.U. crowd were going to take an aggressive, bold move and going for it with a 51% attack. Others suggest that the likely outcome will be that it continues on with core - and segwit gets enabled sooner rather than later. As is the nature of speculation, who can really tell.....Since as few outlined even if BU is out of question, LN wont be implemented for quite some time, and questions about fork which no one knows when or how will happen, seems many are either hibernating and hoarding their coins which would seem quite accurate given how little price moved from last week.
I'd agree completely. I have funds that I feel are not working for me in any way, shape or form right now (in a 'saving's' account that attracts no interest - and even if it did, well then there's dirt/usc, etc). However, I'd feel damned uneasy about buying in to btc without btc taking a substantial haircut first.Since while it might go bull, but in current scenario its a lot of gamble with little reward to draw new masses into buying btc as investment, when major players seem have so much pull that causes chaos between miners and developers.
(this is all in my totally uneducated opinion.....add helpings of salt).
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Good luck with your waiting for €600, I'ts topped €1000 again. Hit €1013 at 17:00.
Am I bovvered?
J/K. I have a fair few btc in play already - so I have mixed emotions when I see the price go up or down these days. I have zero knowledge on the investing front - never bothered with it - bitcoin is the only thing that took my interest - so this is my entry point. With that, my understanding is that this space is incredibly volatile as it passes through endless iterations of development. BTC has 'died' before many times and will 'die' again (but hopefully struggle on and continue to grind out momentum). With that, it's entirely possible that it will freefall - given that it's facing a couple of existential issues right now.
If it does - and I still believe in it - I'll double down. If it doesn't, I'm already significantly vested in it - so I can't go too far wrong. My only ongoing concern is that amongst all the endless cryptocurrency crud, a challenger will emerge with a killer application that will surge ahead of BTC. It doesn't seem likely right now - and I would think that BTC could adapt to that situation. Notwithstanding that, if it did happen and BTC flatlined, we could be talking about a complete loss.
With that, I've been trying to educate myself - as there's so much to learn about this whole crypto malarkey. Other posters here have been helpful to that end - so please continue to post (I'm sure I'm not the only one that would like to see more discussion here for the same reason).0
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