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Messages - andreevavik22

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Crypto Discussion / Re: Bitcoin is anonymous?
« on: June 24, 2017, 08:53:55 AM »
Bitcoin is often described as an anonymous currency because it is possible to send and receive bitcoins without giving any personally identifying information. However, achieving reasonable anonymity with Bitcoin can be quite complicated and perfect anonymity may be impossible.

Trading / Bitcoin In 2017 Has Most Elements Of Bubble
« on: June 24, 2017, 08:45:08 AM »
Forbes has declared Bitcoin’s 2017 price growth “has most of the elements of a bubble” and will ultimately burst.
Drawing similarities with conventional financial asset bubbles, Panos Mourdoukoutas writes that huge adopter interest will preclude a mass exodus, leaving hardly any value at all.
“Investors who have been around Wall Street long enough know all too well that when money becomes tight and investment promises aren’t fulfilled, bubbles and manias end; and millions made are lost much faster than they were made,” he wrote. “And then some.”

So, what do you think about this opinion?

Trading / Re: Where will Bitcoin price be at the end of 2017?
« on: June 23, 2017, 08:46:54 AM »
IS Bitcoin Mining Profitable in 2017? The short answer would be “It depends on how much you’re willing to spend”. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors “mining profitability calculators” were invented.

Events / Re: Russian Gaming Week 2017 - CIS largest gambling event
« on: June 23, 2017, 08:44:57 AM »
Wow! Russian? It's worth to be known.

Crypto Discussion / Re: Why do people trust Bitcoin?
« on: June 23, 2017, 08:42:33 AM »
People trust Bitcoin because, one, the network prevents you from spending what you don't have, and two, transactions are essentially irreversible once they've been processed. I can go into further detail if you'd like, but knowing how much detail you'd like is the problem.

So hard for understanding! The ability to complete instant payments or secure in-store transaction are the other main features associated with this digital cash peer-to-peer network. In many ways, it was designed to improve upon the weaker aspects of Bitcoin. During 2017, the price for this digital currency increased by 100 percent in just two weeks.
I agree with you. And it's really to hard for underatanding!

Crypto Discussion / Re: IN ETHEREUM WE TRUST
« on: June 22, 2017, 09:08:04 AM »
Ethereum acts as a platform for other products and services, allowing for a robust ecosystem to grow around the system. This means that as time goes on, more and better information will be published about Ethereum, making it easier for developers to enter and contribute. Other blockchains just don’t have this network effect working for them.

Bitcoin fluctuates way too much. The Biggest argument for Bitcoins is also the biggest weakness, in that is there is no regulation of the currency. So if the Currency value increases or decreases, there is no agency who is gonna cut intrest rates, pump capital or stop production to keep the value floating. Its one day sink, or one day swim. Its gonna be like life in the 1800s. One day youre rich, one day you are gonna go broke, until they made the Federal reserve to start currency regulation and stop there cyclic panics that were happening. But Bitcoins are designed specifically to evade regulations, so I dont see this happening anytime soon.

There is some interesting information:
"Bitcoin is a better store of value for the following reasons.

1. Bitcoin is decentralized. Martin and many others consider this the most important characteristic of bitcoin. No central power controls bitcoin. Central banks could indirectly manipulate cryptocurrencies by creating derivatives and exchange traded funds based on those cryptocurrencies. But this will not change bitcoin’s underlying store of value.

Should central banks create derivatives based on bitcoin, Martin encourages people to buy bitcoin directly. Banks cannot manipulate what they don’t control.

2. Bitcoin’s supply is limited. There will only be 21 million bitcoins created, and 80% of this number has already been created. The more funds invested in bitcoin, the greater the value of each bitcoin. Other blockchain currencies could affect bitcoin’s value, but all the other cryptocurrencies combined are not yet equal to bitcoin’s market value. In addition, those cryptocurrencies that don’t have limited supply will not hold their value.

3. Bitcoin is secure. Encryption and decentralization make it so. It can be stored in cyber “vaults,” where owners keep a hard copy of the encryption cipher. While a bitcoin exchange and a computer can be hacked, bitcoin that is in a “vault” will not reside in the exchange or the computer, and only the owner has the code to access the stored bitcoin. No one can confiscate it.

4. Bitcoin transactions are stored on a public ledger that lists all confirmed transactions. Decentralized bookkeeping is more secure than centralized ledgers."

It is evident a lot of Ethereum enthusiasts would like to see Bitcoin become the second-largest cryptocurrency by market cap. Although that sounds quite appealing, it remains to be seen if and when this will happen. The recent Ether price surge is definitely hinting at what the future may hold, especially now that the Bitcoin price is showing cracks in the facade as well.

Crypto Discussion / Suddenly, Bitcoin to Be Officially Legal in India
« on: June 21, 2017, 02:14:40 AM »
Leading Bitcoin exchange Zebpay has revealed that the Indian government committee has ruled in favor of regulating Bitcoin. Are you surprised?

The world of cryptocurrency is often full of surprises. Just a few days ago, people were wondering how long it would take until Ether would surpass the US$250 value. That has happened in spectacular fashion, and the currency even hit the US$420 mark at one point. The Bitcoin price, on the other hand, has taken a bit of a beating but seems to be recovering slowly. Big things are afoot in the cryptocurrency world.

Bitcoin will someday be in a bubble, but that time is far away. One benefit of cryptocurrencies is that they coexist with other forms of money used for transactions. Bitcoin is not in a bubble. Instead, people are using it to park their dollars so central banks cannot destroy their value.

Crypto Discussion / Re: IN ETHEREUM WE TRUST
« on: June 21, 2017, 01:58:24 AM »
Ethereum is a smart contract platform with Turing complete scripting language built in. This gives it a great edge as a development platform, but also significantly increases attack surface.

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