Bitcoin great idea bad execution - page 2.

Sandus_Cryptolover

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Quote from: Marcel666 on November 26, 2018, 07:13:56 AM

Whales can not create forks of bitcoin, only members of the Bitcoin core team can split the currency.
As for altcoins, there is currently no regulations and just about anytime next can create their own coin, or more commonly a token built on another platform

Creation of new coin or controlling how it's been created isn't what Bitcoin was meant for. That's solely based on the blockchain technology, which pave way for new projects to be launched on it through smart contracts of the Ethereum Blockchain (at least most projects).

Valer4ik

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for a tuzemun Sure consolidation above 12 is more than enough for the investment to flow like a stream, but this is a powerful, very powerful resistance. But from 12 to 20 and above is within easy reach, there were no particularly large trade deals, as these levels quickly passed through.

In principle, even if we consolidate above 8.5, it is also a completely convincing reason for investing in a bit, but there is also resistance))) buy it off)

Tondya

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BTC has paved the way to blockchain for the people. Many wanted to understand what it was. The popularization of cryptocurrency has reached a completely different level. Now we see a market crash. But this is a reason to think and make a new blockchain. There is no progress without problems.

bdc2343

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Quote from: Marbelli on November 26, 2018, 04:41:09 PM

all problems will be solved very soon and I think that we will see a new wave of price increases soon

The volatility of the moment is like a trick, or it can be a challenge that investors create themselves. Keep calm and do not be afraid that BTC will die, or BTC has bad idea or anything ... just a fake. BTC's prices will return quickly in the near future and do not worry about anything Cool

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aoluain

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Quote from: kissme09 on November 26, 2018, 05:09:53 PM

Quote from: NO_Coin_Exchange on November 26, 2018, 06:55:09 AM

I was very supporting the idea of a currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
here is the reasons
1- Whales control big percentage of the 21 M Bitcoin
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier

[/size

This is still happening in other economic sectors. You can see a big company always trying to control other companies the way they want to find the best profit. In Crypto, if you're a low-capital investor, take advantage of the whales by going back and forth to make money.

The OP'S post is about value but it doesnt matter really. The ideal way
to look at bitcoin is in bitcoin not FIAT so when the markets fall down
you really havent lost anything. 1 bitcoin last month is still 1 bitcoin today
unless you spend it or a portion of it.

antoarwadi

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Quote from: NO_Coin_Exchange on November 26, 2018, 06:55:09 AM

I was very supporting the idea of a currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
here is the reasons
1- Whales control big percentage of the 21 M Bitcoin
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier

[/size

Bitcoin must be the currency used in everyday life, so that adoption of Bitcoin continues to increase, but as you say, most people don't want to spend Bitcoin and tend to save it as an asset.
Bitcoin forks are the developer's idea, and it's offered and promoted, so nobody forces you to buy a Bitcoin fork.

millgates

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Quote from: NO_Coin_Exchange on November 26, 2018, 06:55:09 AM

I was very supporting the idea of a currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
here is the reasons
1- Whales control big percentage of the 21 M Bitcoin
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier

[/size

Be patient mate, those whale will not hold big amount of bitcoin forever, they will sell it. Now they sell it and make bitcoin price fall , actually this is our chance to buy bitcoin at low price, I don't say to buy bitcoin now, I personally will wait until Bitcoin price reach $1500 then I will buy it again when I can see there is a signal of bitcoin price pump. If theoretically bitcoin is a good idea then the execution will be good too, just need to wait. Now we are playing with big whale.

cahbagus555

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Bitcoin not only a currency, its a store of value too. As store of value, bitcoin can be a digital gold. Its true that right now whales hold the biggest percentages of coin, its because they use large amount of money.

kissme09

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Quote from: NO_Coin_Exchange on November 26, 2018, 06:55:09 AM

I was very supporting the idea of a currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
here is the reasons
1- Whales control big percentage of the 21 M Bitcoin
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier

[/size

This is still happening in other economic sectors. You can see a big company always trying to control other companies the way they want to find the best profit. In Crypto, if you're a low-capital investor, take advantage of the whales by going back and forth to make money.

Marbelli

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EndChain - Complete Logistical Solution

all problems will be solved very soon and I think that we will see a new wave of price increases soon

bitbunnny

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I don't agree that Bitcoin is badly executed, that is not true. Besides, you can't say that just because the price is dumping and you have suffered some losses because, let's face the truth, many users start with criticism toward Bitcoin exactly in such unfavourable times.
Of course that Bitcoin has certain issues and problems like every other technology, it's not perfect and there is a room for further progress but it's actually great exectued having in mind all the obstacles it has on the way.

olubams

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The execution cannot be said to be faulty at the same time, its not the fault of those who were able to have been involved early into the crypto currency world at early time. The reason for that, was they took enormous risk which they themselves are not sure would pay off which eventually did. Its has the disadvantages though which is what we are seeing today as a group of people can just determine the direction they want price to go without any recourse to every other participants in the market. Hopefully, the ownership would be diluted and control would be difficult to exert by few people.

LeGaulois

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Whales are everywhere in every market. Maybe we'd do the same if we were a whale ourselves. It doesn't mean Bitcoin has been "badly executed" @Marcel666 Not true, not only the Bitcoin Core team can create a fork. Anyone can do it. And regulation or not is not going to stop people to create an altcoin.

coolcoinz

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There's no need to put whole post in bold. We can read it just fine. Bold is for making parts of the texts become more visible. If you write everything that way you're defeating the purpose.

Quote from: NO_Coin_Exchange on November 26, 2018, 06:55:09 AM

1- Whales control big percentage of the 21 M Bitcoin

Wrong, they control only a small %. Since we have 17 million in circulation and at least 10% has been lost forever, and there's Satoshi's coins, there's less Bitcoins than you might think. Even if 50% of the rest is controlled by whales, what does that change? It's only around 7 million and I'd argue that this is an overestimation.
Whales had to buy their coins from someone. Don't sell and you won't be helping the whales.

Quote

2-they can manipulate the price

Only to some extent. They have to sell to manipulate the price with their coins. If you buy and hold, you take this ability to manipulate from them.

Quote

3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc

You can also create a new altcoin. Does that make you a whale?

Quote

4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss
I wish I cloud have reached to this conclusion earlier

You talk like a panic seller.

franky1

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1. whales controling large amount
the thing is holding large amounts is meaningless.. holding does nothing. as for selling. well thats temporary. once they sold it they dont hold it any more to do anything again. so just let the temporary event pass.. enjoy the discount and then after the dip recovers. you are the one benefitting because you now have cheap coins and a profitable price due to the recovery.

3. if a disagreement occurs altcoins are made.
those actually wanting to make altcoins can do so whenever they like. no drama.. but when consensus events of new proposals happens it should not result in an altcoin split. its either
feature doesnt activate, whereby proposer goes back to drawing board to design something the community would accept..
or
consensus majority upgrade and stalled minority(stuck)..

what should not happen again:
fork off majority to force fake head count of a smaller community where half population left to vote to seem as a majority

yes people have the freedom anytime to make their own altcoin without drama. but if an upgrade is proposed. its not an oppertunity to cause an altcoin to push opposers out. thats not consensus that just control mandating a feature in

nghiemtamk

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There is always a risk, if you invest in any asset in the market, there is a risk. Of course, you are there to calculate the risk and the gain. Greater risk, greater gain. For me personally, BTC is not that risky, it only requires a lot of patience because it takes time for it to start making money. The fact is that BTC can not go under and stop to exsist. It has a limit and once, there will be no more coins to be minded so it will be a restricted asset and therefor, the price will rise.

Vladislav2306

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I agree with all 4 sayings, but it is advantages as well as disadvantages. You can sell forks and get free money, trade and get high profit but with high risks.

cryptogambling

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what if BTC rise/drop is regulated by self BTC? if they manipulate with price byself?

oppasong

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I think that bitcoin will be one of the future currencies seen from current developments even though bitcoin today has reduced prices but this is part of a market where everyone is panicked by the price of bitcoin which continues to fall but trust me to return price then we must be patient waiting for bitcoin prices to rise again

Somsak-90

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The idea that we will be able to buy dinner, newspaper etc using BTC is something that is there for us to look forward to. However, the situation in the world is a bit different and I am not sure if anyone can offer any time frame when will this be a reality. The cold fact is that the most BTC owners purchased it as an investiment to keep it or further on sell and earn money on the price fluctuation. I hardly doubt that anyone purchased it so that he can buy online on Amazon, ebay etc.

Topic: Bitcoin great idea bad execution - page 2. (Read 779 times)