Bitcoin IS basically DESTROYED - page 5.

bravehearth0319

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Quote from: Blitzboy on May 08, 2016, 06:34:51 AM

China selfish also here in bitcoin. they have a large mining farm and looks like they owning it now..
Also here in philippines we have found one island in the north of our country its near in our country but they want to get this island too.. and they are planning to start a war..

Your source of information was incorrect, China will not own it if someone didn't sell it. And that someone can be one of the highest officials in your country can do that. Try to imagine many years or decades past China didn't own that island because nobody is trying to sell it. But lets go back to the real topic, I don't think bitcoin will die soon, Because China owns only the highest bitcoin mining farm in the whole word. But they can never control bitcoin itself because of its decentralization.

Ewinsane

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Quote from: SamMurphy on January 07, 2017, 12:27:54 PM

I don't think that bitcoin will destoyed any soon Tongue

As I see from the last weeks I can say that's not like 2013, it's even better Wink

I think 2017 will gives us many surprises Wink

you are right that is not destroyed because bitcoin getting more power and bitcoin adoption is also increasing and these is many people who is against of bitcoin and they are just promoting negative and wrong news about bitcoin so do not worry about bitcoin i am sure bitcoin will be survive forever.

Gotimour

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Quote from: HatZpApA on February 23, 2017, 01:55:08 PM

The destruction of bitcoin can't happen overnight , for sure.
Actually , there is a certain growth in price at the moment , and it will also be in the future(anyway , let's wait for March and see ETF) , because every project and every human investing in it , is growing its price!

The ETF might not be approved. But it does not matter in the long term.

Sled

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Bitcoin- in bullish time

Quote from: dmamigo on February 23, 2017, 02:07:45 PM

Quote from: rizkyhiw on February 23, 2017, 02:04:55 PM

Quote from: Harlot on February 23, 2017, 11:15:50 AM

I don't think that it will generally die. If China is really controlling Bitcoin than the scenario that will happen is that one country is hoarding the Bitcoins and it will lead into having a lesser supply. A lesser supply will mean a greater demand which will lead to an increase in price. Also the only way that Bitcoin will die is when the demand of it will go down to 0. Which I think is not yet possible.

I think the main topic was talking about how the 51% attack
In most people opinion , chinese miner has more than 50% of total current bitcoin available
Which could lead into something like to manipulate everything about bitcoin especially the market
It was big concern actually , but there is no reliable data could stated that more than 50% bitcoin owned by chinese, so there is nothing to worried about.

Exactly, nothing to worry. Even if they owned 50%+ BTC, I don't think that could have any possibility of destroying it simply.

Yes, there is nothing to worry about because bitcoin will not die even if the miners or most of the chinese got the majority of the supply because they are smart in business or marketing industry and i know that they will not allow this kind of opportunity to just die. If they have 50%+ bitcoin supply then they will use it in a smarter way like manipulating the price of bitcoin and playing the market to gain more money than the others do.

dmamigo

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Quote from: rizkyhiw on February 23, 2017, 02:04:55 PM

Quote from: Harlot on February 23, 2017, 11:15:50 AM

I don't think that it will generally die. If China is really controlling Bitcoin than the scenario that will happen is that one country is hoarding the Bitcoins and it will lead into having a lesser supply. A lesser supply will mean a greater demand which will lead to an increase in price. Also the only way that Bitcoin will die is when the demand of it will go down to 0. Which I think is not yet possible.

I think the main topic was talking about how the 51% attack
In most people opinion , chinese miner has more than 50% of total current bitcoin available
Which could lead into something like to manipulate everything about bitcoin especially the market
It was big concern actually , but there is no reliable data could stated that more than 50% bitcoin owned by chinese, so there is nothing to worried about.

Exactly, nothing to worry. Even if they owned 50%+ BTC, I don't think that could have any possibility of destroying it simply.

rizkyhiw

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Quote from: Harlot on February 23, 2017, 11:15:50 AM

I don't think that it will generally die. If China is really controlling Bitcoin than the scenario that will happen is that one country is hoarding the Bitcoins and it will lead into having a lesser supply. A lesser supply will mean a greater demand which will lead to an increase in price. Also the only way that Bitcoin will die is when the demand of it will go down to 0. Which I think is not yet possible.

I think the main topic was talking about how the 51% attack
In most people opinion , chinese miner has more than 50% of total current bitcoin available
Which could lead into something like to manipulate everything about bitcoin especially the market
It was big concern actually , but there is no reliable data could stated that more than 50% bitcoin owned by chinese, so there is nothing to worried about.

HatZpApA

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xxx

The destruction of bitcoin can't happen overnight , for sure.
Actually , there is a certain growth in price at the moment , and it will also be in the future(anyway , let's wait for March and see ETF) , because every project and every human investing in it , is growing its price!

megynacuna

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The Bitcoin doomsayers are at it again, how can you conclusively say Bitcoin is basically destroyed because of the introduction of segwit? The gradual global acceptance is rather strengthening Bitcoin 's reputation and demand for it is growing by the day so I don't see where to draw the line about Bitcoin's destruction because it's far from happening if it will ever happen.

Harlot

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I don't think that it will generally die. If China is really controlling Bitcoin than the scenario that will happen is that one country is hoarding the Bitcoins and it will lead into having a lesser supply. A lesser supply will mean a greater demand which will lead to an increase in price. Also the only way that Bitcoin will die is when the demand of it will go down to 0. Which I think is not yet possible.

Arcteryx

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EtherSphere - Social Games

My question is why the price is not getting past $1156.
It seems to not want to go beyond the ath of $1164 Undecided

well from the mt. gox high that most don't view as the real ath but still. It is not getting past this critical point to reach and go beyond so to just "move on!" and settle it once and for all. Embarrassed

Edit: $1166 officially now on Bitfinex! Cheesy

So you were saying? Wink

Gotimour

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Quote from: RoomBot on January 12, 2017, 11:37:15 PM

I'm excited to be able to buy some more BTC @ below $820

It could have kept getting more expensive.

I sold some at huge profit around $980, but of course I want to stock up on more.

You just gotta take the time to ride the waves.

You made good decision. The price of bitcoin has risen 60% from your buying point.

JerryWinski

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Quote from: Nathan047 on February 17, 2017, 10:52:11 AM

Quote from: kiklo on January 06, 2017, 08:52:46 PM

China ~67% of combined hash rate is Fact, not speculation.
51% attack security issue is Fact, not speculation.

China could screw us, is there any potential fixes to this?

How can we compete with their electrical rates? I hear 2c/kwh and some have deals with power providers for an even better cost per kwh. The best rate in Canada is in Quebec and that's 5.7c/kwh up to 30kwh then it goes to 8.6c. I'm not sure about US rates.

Most if not all of the asics are manufactured in China, when bringing that equipment to canada or the us you have to pay taxes, shipping etc.. It too costly to compete with the Chinese farms.

Nathan047

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Quote from: kiklo on January 06, 2017, 08:52:46 PM

China ~67% of combined hash rate is Fact, not speculation.
51% attack security issue is Fact, not speculation.

China could screw us, is there any potential fixes to this?

Vaskiy

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DGbet.fun - Crypto Sportsbook

Quote from: RoomBot on January 12, 2017, 11:37:15 PM

I'm excited to be able to buy some more BTC @ below $820

It could have kept getting more expensive.

I sold some at huge profit around $980, but of course I want to stock up on more.

You just gotta take the time to ride the waves.

Basically based upon the bitcoin's true nature the increase and decrease in the price have been taking place. Based upon this users get panic at the time of decrease and gets excitement when the price moves forward. This is the one that makes the people say that bitcoin is destroyed.

RoomBot

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I'm excited to be able to buy some more BTC @ below $820

It could have kept getting more expensive.

I sold some at huge profit around $980, but of course I want to stock up on more.

You just gotta take the time to ride the waves.

hurain

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Quote from: uneng on January 07, 2017, 12:47:58 PM

Quote from: GMPoison on January 06, 2017, 09:33:28 PM

Quote from: kiklo on January 06, 2017, 09:31:31 PM

Quote from: GMPoison on January 06, 2017, 09:25:35 PM

Quote from: Positid on January 06, 2017, 09:13:15 PM

Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man.

Of course it won't drop to $300. He's just spreading FUD to help promote the coin in his signature. Watch out, ZEIT Coin may be the next Bitcoin Grin

Peak = $1185
Current = $850
Hmm, $1185-$850 = $335

Lost $335 in less than 2 days, does not look like fud to me.

Kind of scary , how on accurate my prediction is . Wink

That actually is kind of scary! You must be God himself.

Sorry, but it was very predicted. The price climbed a lot too in 1 or 2 days, the normal is to decrease 300$ or more. It will continue decreasing, but won't reach lower than 500$. Now I don't know with sure when to buy bitcoins again.
I will wait until the price stop decreasing, must watch to see when this will happen. Of course bitcoin won't be destroyed.

to me i think it is just the correction that bitcoin take place and now the price has to increase again and even cross the 1200 USD level this time therefore i can say that the price is not going to fell down any more.

TheLateGuy

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Quote from: rajasumi3 on January 07, 2017, 02:15:26 PM

china is not controlling bitcoins .they are investing lots of money to get hold of bitcoins ,its the basic they can do and they think that whoever has the most bitcoins will be the most powerful .just it is thats all..

China has a population of BILLIONS, so that's not something impressive in my opinion. This is why they control most part of the mining: they are so many, so there are obviously more Bitcoin users there. What I'm curious about is what happens when the BTC left to be mined will reach under 1.000.000BTC: the effect should be a skyrocketting price, right? The harder it gets to be mined, the harder you can get it so the price needs a big rise..

GMPoison

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Quote from: uneng on January 07, 2017, 12:47:58 PM

Quote from: GMPoison on January 06, 2017, 09:33:28 PM

Quote from: kiklo on January 06, 2017, 09:31:31 PM

Quote from: GMPoison on January 06, 2017, 09:25:35 PM

Quote from: Positid on January 06, 2017, 09:13:15 PM

Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man.

Of course it won't drop to $300. He's just spreading FUD to help promote the coin in his signature. Watch out, ZEIT Coin may be the next Bitcoin Grin

Peak = $1185
Current = $850
Hmm, $1185-$850 = $335

Lost $335 in less than 2 days, does not look like fud to me.

Kind of scary , how on accurate my prediction is . Wink

That actually is kind of scary! You must be God himself.

Sorry, but it was very predicted. The price climbed a lot too in 1 or 2 days, the normal is to decrease 300$ or more. It will continue decreasing, but won't reach lower than 500$. Now I don't know with sure when to buy bitcoins again.
I will wait until the price stop decreasing, must watch to see when this will happen. Of course bitcoin won't be destroyed.

I know it was, it was obvious. That's why I made the thread "I don't want a $2,000 bitcoin by February" because I knew people were getting greedy and the price was rising too fast. Be lucky it didn't get that high or the crash may have been worse. It seems as though we've seen the worst of it but who knows.

rajasumi3

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china is not controlling bitcoins .they are investing lots of money to get hold of bitcoins ,its the basic they can do and they think that whoever has the most bitcoins will be the most powerful .just it is thats all..

uneng

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Leading Crypto Sports Betting & Casino Platform

Quote from: GMPoison on January 06, 2017, 09:33:28 PM

Quote from: kiklo on January 06, 2017, 09:31:31 PM

Quote from: GMPoison on January 06, 2017, 09:25:35 PM

Quote from: Positid on January 06, 2017, 09:13:15 PM

Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man.

Of course it won't drop to $300. He's just spreading FUD to help promote the coin in his signature. Watch out, ZEIT Coin may be the next Bitcoin Grin

Peak = $1185
Current = $850
Hmm, $1185-$850 = $335

Lost $335 in less than 2 days, does not look like fud to me.

Kind of scary , how on accurate my prediction is . Wink

That actually is kind of scary! You must be God himself.

Sorry, but it was very predicted. The price climbed a lot too in 1 or 2 days, the normal is to decrease 300$ or more. It will continue decreasing, but won't reach lower than 500$. Now I don't know with sure when to buy bitcoins again.
I will wait until the price stop decreasing, must watch to see when this will happen. Of course bitcoin won't be destroyed.

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