I am staying in Nxt!
and see it drop against BTC which itself is dropping against USD.
Topic: Bear market to continue thru October 2015 - page 4. (Read 7174 times)
and see it drop against BTC which itself is dropping against USD.
Convert 100% NXT+Assets/NEM/BTCD/SuperNET
The alt-coin market is pretty dead. Primarily the volatility of Bitcoin/Altcoins don't make them very attractive for very many use cases.
BitAssets change that. You can now store the value of a dollar/gold in a completely decentralised way and earn interest. This changes everything for merchants, people living in high inflation countries, savers, remittances etc. http://whatisbitusd.com/
If anything will change the world in the next year it will be BitShares or some derivation of it, because of BitAssets. (Add more countries moving to negative interest and/or deposit confiscations then even more so.)
BitAssets change that. You can now store the value of a dollar/gold in a completely decentralised way and earn interest. This changes everything for merchants, people living in high inflation countries, savers, remittances etc. http://whatisbitusd.com/
If anything will change the world in the next year it will be BitShares or some derivation of it, because of BitAssets. (Add more countries moving to negative interest and/or deposit confiscations then even more so.)
Nobody would want BitAssets or BitUSD if BitsharesX itself isn't doing too great. There's really no reason for my to exchange my real dollars for fake dollars on BitsharesX, unless it is to trade for BTSx if the price goes lower but if everybody regards BTSx as a write off ("won't go anywhere") then nobody is going to put their dollars or assets on it.
There is already something with currency support called Ripple and technically Ripple would hold out better than BTC and BTSx in these bear porn scenarios as Ripple has established utility as a payment processor. Still Ripple itself is pretty tiny in that payment processor industry when we consider PayPal and the probable hundreds of other competitors.
bear wont last 12 months from my pov , but we will see that in 2015 right 
Suppose you knew exactly that the slump crypto currencies are in now will continue for another 12 months. There is capital flowing into crypto currencies, but it's not enough to move Bitcoin and alts higher, it's barely enough to keep cryptos afloat at the current level. What will be your actions if this situation goes on for another 12 months, till October 2015 (Bitcoin stays below $500, Top 5-10 alts stay at about the same price relative to Bitcoin)?
If I knew exactly what would happen for the next 12 months
Would convert to fiat invest it in Alibaba or something then put the money back into bitcoin a year later given the scenario given
The reason is I likely have a higher percentage of ownership than holding.
That said this is fairly low already so the situation you just described might not be the likely outcome despite all the selling and downward pressure from fiat conversions.
I think we've hit bottom and are on a trend up now. How long it lasts is an entirely different animal. We won't see the $1000 prices, but I'd certainly like to see $500 again.
Basically this poll is to check your determination to hold on to Bitcoin even though it fails to reflect its 'explosive' network effect in the price in the next 12 months. Would you start to question the economics of Bitcoin and mining then and perhaps look into promising alt crypto technologies (which could rise in these 12 months if only because it doesn't take a lot of capital to move their market caps higher) or would you have enough resolve to hold your Bitcoin bag no matter that your ROI expectations have to be adjusted? If you don't know the answer now, be sure to give it a good thought some time in the next weeks and months.
I hedge in BTC in case BTS has some technical fault/exploit & because if there were serious deposit confiscations/financial problems in the next 60-90 days BTC would benefit most.
Long term though POW is unprofitable and centralised in BTC especially, so it's pretty inevitable Bitcoin will be replaced so I'll probably lower my BTC position over the next 12 months.
As I mentioned above BitAssets within BitShares are most likely to be the innovation that does it, though I don't how the market will perceive their new dilution/inflation system. They're starting marketing at the end of the month I think so we'll know soon enough.
I'm trying to make profit on various alt's and with the profit I buy more BTC
But for me it's all "playing money" ,more or less long term gambling on the second coming of BTC
But for me it's all "playing money" ,more or less long term gambling on the second coming of BTC
Basically this poll is to check your determination to hold on to Bitcoin even though it fails to reflect its 'explosive' network effect in the price in the next 12 months. Would you start to question the economics of Bitcoin and mining then and perhaps look into promising alt crypto technologies (which could rise in these 12 months if only because it doesn't take a lot of capital to move their market caps higher) or would you have enough resolve to hold your Bitcoin bag no matter that your ROI expectations have to be adjusted? If you don't know the answer now, be sure to give it a good thought some time in the next weeks and months.
The alt-coin market is pretty dead. Primarily the volatility of Bitcoin/Altcoins don't make them very attractive for very many use cases.
BitAssets change that. You can now store the value of a dollar/gold in a completely decentralised way and earn interest. This changes everything for merchants, people living in high inflation countries, savers, remittances etc. http://whatisbitusd.com/
If anything will change the world in the next year it will be BitShares or some derivation of it, because of BitAssets. (Add more countries moving to negative interest and/or deposit confiscations then even more so.)
BitAssets change that. You can now store the value of a dollar/gold in a completely decentralised way and earn interest. This changes everything for merchants, people living in high inflation countries, savers, remittances etc. http://whatisbitusd.com/
If anything will change the world in the next year it will be BitShares or some derivation of it, because of BitAssets. (Add more countries moving to negative interest and/or deposit confiscations then even more so.)
I'm already 100% in BTS / MUSIC / PLAY. I hopped off the proof of waste bandwagon as soon as I saw the potential for Decentralized Autonomous Communities to revolutionize collective human behavior and ledger based industries.
Organizational structures (companies for example) reflect the incentives of participating actors in their internal processes. BitShares aligns these incentives in an optimal way, and allows for the creation of a liquid democracy style of governance within the system to find consensus for hard fork proposals and delegates to hire, consequently creating jobs for developers, marketers, IT specialists, start up businesses, etc. mediated by contracts on chain.
Combine those factors with the market assets such as bitUSD and bitGOLD which allow you to hedge against volatility on chain & send / store fungible tokens that maintain a stable value, and you have created a very useful technology.
Organizational structures (companies for example) reflect the incentives of participating actors in their internal processes. BitShares aligns these incentives in an optimal way, and allows for the creation of a liquid democracy style of governance within the system to find consensus for hard fork proposals and delegates to hire, consequently creating jobs for developers, marketers, IT specialists, start up businesses, etc. mediated by contracts on chain.
Combine those factors with the market assets such as bitUSD and bitGOLD which allow you to hedge against volatility on chain & send / store fungible tokens that maintain a stable value, and you have created a very useful technology.
I will move 100% to NXT
Taunsew is probably right. Maybe we'll see some desperate attempts to raise BTC prices, we'll see.
Already moved some 20% to NXT AE, will mothball 30% in BTC, planning to move another 10-15% to NXT AE and split the rest between a few promising stuff like Bitshares, Qora, NXT clones (20%) and tinkering on exchanges (10-20%).
Already moved some 20% to NXT AE, will mothball 30% in BTC, planning to move another 10-15% to NXT AE and split the rest between a few promising stuff like Bitshares, Qora, NXT clones (20%) and tinkering on exchanges (10-20%).
... Willy Bot ... professional mining class ...
Sad to admit Taun, that was on spot. Gox gone, what remains reminds of professional hookers who have to cash out 80% for cocaine each working day.
currently in a mixed bag of speculative alt-coins. They seem to be where the limited action seems to be currently.
I will move 100% into altcoins.
I think the dweebs are waiting to see if November 2013 will repeat in 2014. I think that explains a lot of the holding action since March 2014. If there is no boom in November / December 2014 then a lot of those holders, who were praying for a rebound for months, are going to cash out for $Fiat (cutting their losses after buying at $600-$1200) or convert into champion alternates
They've been informed but refused to believe it - November 2013 was all Willy Bot (MtGox using fractional reserves) and the Chinese racing in before they were cut off by their banks.
So the likelihood of another boom happen in November / December is virtually zilch. Maybe the next boom will come with halving rewards or when Winky's ETF is passed through but I'm not really counting on it.
BTC's November boom did two things: woke up a lot of hiberating whales (who are still dumping) and then created this professional mining class where they mine $2 million a day and have to dump 80% to pay for their electrical and hardware upgrades.
It seems like for Bitcoin to go anywhere in price then they have to "bribe" all these whales (buy them out) but the miners cannot be bought out and are milking the system.
They've been informed but refused to believe it - November 2013 was all Willy Bot (MtGox using fractional reserves) and the Chinese racing in before they were cut off by their banks.
So the likelihood of another boom happen in November / December is virtually zilch. Maybe the next boom will come with halving rewards or when Winky's ETF is passed through but I'm not really counting on it.
BTC's November boom did two things: woke up a lot of hiberating whales (who are still dumping) and then created this professional mining class where they mine $2 million a day and have to dump 80% to pay for their electrical and hardware upgrades.
It seems like for Bitcoin to go anywhere in price then they have to "bribe" all these whales (buy them out) but the miners cannot be bought out and are milking the system.
Topic: Bear market to continue another 12 months (Read 387 times)
14+23+5+5+8=55 Answers (14.2%)
If 8 people answered "Undecided" those are somewhat joining the other 387-55 peoples. Bitcointalk doesn't know what to do!
Well "it's barely enough to keep cryptos afloat" heavily depends upon the critically high inflation of cryptos. Somewhere 10% Inflation for Bitcoin had been mentioned (due to mining new coins) and staggering 30% for Litecoin, which I would not dare to touch as an investor.
(Can someone deliver precise numbers, or locate the posting that pronounced these? 25*6*24BTC a day against Total Supply, similar calculation for LTC mining.)
14+23+5+5+8=55 Answers (14.2%)
If 8 people answered "Undecided" those are somewhat joining the other 387-55 peoples. Bitcointalk doesn't know what to do!
Well "it's barely enough to keep cryptos afloat" heavily depends upon the critically high inflation of cryptos. Somewhere 10% Inflation for Bitcoin had been mentioned (due to mining new coins) and staggering 30% for Litecoin, which I would not dare to touch as an investor.
(Can someone deliver precise numbers, or locate the posting that pronounced these? 25*6*24BTC a day against Total Supply, similar calculation for LTC mining.)
80% Bitshares, 10% NXT, 10% Bitcoin
don't buy alt-crap fortheloveofgod
Who would do such a stupid thing when future alt-champions are for sale.
Jump to: