When I first heard about this then we can also assume it will cause chaos in the banking and financial system they are currently running as well.
Since quantum computing will be able to solve any algorithm and question you put them to the test in solving. Including brute force password solving for said accounts and someones security questions put on their accounts.
So even if they are stating it will solve bitcoins algorithm it can be said for anything security based too.
Topic: The Latest Crypto Price Dip Is Fueled By Fake News Relating to Quantum Computers - page 2. (Read 672 times)
September 27, 2019, 11:29:12 AM
September 27, 2019, 09:45:45 AM
Its all just another week to bitcoin.
Many things happened this last days, and many of them can push the price down. Maybe 2 or 3 things maked the price drop.
Lets wait a few days to see what will happen.
Many things happened this last days, and many of them can push the price down. Maybe 2 or 3 things maked the price drop.
Lets wait a few days to see what will happen.
September 27, 2019, 09:14:44 AM
I don"t think so
It is rather last very strong correct before next bull run
Mostly price of bitcoin was moving supported by Bakkt hype and alts money
Bakkt was just a mirage bitcoin dominance was rejected at 72%
There was also several bearish factors on bitcoin TA
Not first not last dump.There is pump after dump so no to much worry
It is rather last very strong correct before next bull run
Mostly price of bitcoin was moving supported by Bakkt hype and alts money
Bakkt was just a mirage bitcoin dominance was rejected at 72%
There was also several bearish factors on bitcoin TA
Not first not last dump.There is pump after dump so no to much worry
September 27, 2019, 06:58:02 AM
If we can quickly regain the prices from a week ago, then that becomes a solid support line and sets us up for a renewed bull. If that doesn't happen, then the work to establish a new lower support line begins again.
It's getting harder and harder with how we have yet again had another bearish daily close. If that wasn't enough, we didn't just have another bearish daily close, but we closed even below the 200MA. Currently we have the 200SMA left to form some degree of support, but if you look back historically, once we dip below the 200ME/EMA/SMA, we're going to be bouncing up and down below and between them.
Don't take my word for it, just pull out the daily chart and add these moving averages, you'll see how much of a vital role they play when it comes to longer term price development.
September 27, 2019, 03:28:19 AM
I dont know why the dump is attached to so much tales. The dump was predicted just that we dont always want to accept it. google, Bakkt or no bakkt the dump was expected, we are only disappointed in the influence of the bakkt launch to the price. Sadly we could see it deeper towards 6-7k in coming weeks before see any pump. As if we are not at used to it, there have been worse news than the google hack and the rest when it want to rise. When bull is pulling the price no news can stop it
Most of the time when a dip happens after a long period of the price rising steadily, people become shell shocked and try to find any way that they can explain it whereas there isn't really any explanation at all. Crypto prices rises and dips, it's been happening for a long time. There is no conspiracy involved. 
September 27, 2019, 12:55:48 AM
I think there are a few possible triggers for the drop. Bakkt is probably the most likely. I do think though that it was just a trigger. The market had been trending sideways for quite a while, and a break one way or the other was always likely. Now that we've had a significant drop, what happens next becomes very important. If we can quickly regain the prices from a week ago, then that becomes a solid support line and sets us up for a renewed bull. If that doesn't happen, then the work to establish a new lower support line begins again.
September 26, 2019, 10:46:39 PM
To destroy Bitcoin's algorithm, it will take a lot of time to do this and it seems impossible. But this is also not FUD news to make Bitcoin's price go down like the past 2 days.
The value of bitcoin is being manipulated daily and no news can influence the plans of manipulating institutions.
The value of bitcoin is being manipulated daily and no news can influence the plans of manipulating institutions.
September 26, 2019, 09:20:13 PM
I am not sure that this is the case that we should link it with, it could just be some coincidence.
you maybe right with that . i also think that its only a co incident and not because of the news about quantum computing . if we will only track bitcoin we can see that its value did already fall or always have been falling with or without news , and even if there are certain good news that are being reported , bitcoins value seem to have resistant and will still follow its own path than following those news . also , the recent rumors was about bakkt and though i see some posts about this quantum computer thing . 
September 26, 2019, 08:08:37 PM
The Latest Crypto Price Dip Is Fueled By Fake News Relating to Quantum Computers
It is actualy because there was to much hype. Possibly around BAKKT. Borrom happened at end of last year at $3000. Then in March price slowly started growing. It is all fine with thta. But price was increasing for full 5 months. What is one of records in Bitcoins 10 years history. And even after that price went mainly sideways and not realy corected. Now corection is due. But that dont mean much. We are not taht high anymore.
September 26, 2019, 10:58:18 AM
I am not sure that this is the case that we should link it with, it could just be some coincidence. I have read in other post where people also attributed the $175b that the government of United state printed of recent also to the reason why we crashed in price, which majority of them might really not be truth. This is a market that is full of uncertainties, and many people are just looking for different answer to things that never existed.
This is not the first time that bitcoin will be having such a huge dump in value and before we know it, we will see another balance in the value again. This coin is too volatile, and I think we should always expect nothing of such from it at any time in a market where people are mainly using the coins as asset purpose and not for digital payment as it is supposed to be, so all these surprises are what we will continue to see.
This is not the first time that bitcoin will be having such a huge dump in value and before we know it, we will see another balance in the value again. This coin is too volatile, and I think we should always expect nothing of such from it at any time in a market where people are mainly using the coins as asset purpose and not for digital payment as it is supposed to be, so all these surprises are what we will continue to see.
September 26, 2019, 09:51:10 AM
This is where we have to try and keep our self updated with what’s happening in the market. A lot of problem for us is that we are not aware of what’s happening and because of that we make wrong decisions and often get fooled. So if we can cut that right and move ourself into right direction with staying upto date with all Crypto News, it will for sure be helping us get the kind of rewards we want to gain.
September 26, 2019, 01:04:32 AM
The piece of news from google was a couple days ago, there's no connection between that and todays 'dip'. The price was going sideways for too long, expectations for Bakkt were too high, and we're seeing a large decrease in price following weeks of stability. We might go back to ~$10k but it may 'dip' again.
It's all like you say, but that wouldn't make an interesting article for an average crypto investor, people want to get one big single reason why Bitcoin dropped, and it must be something that sounds really scary. Crypto is full of retail investors without any experience in trading before they picked cryptocurrency, which is why these news sites are of so poor quality - they don't have to produce any high quality analysis and overview, a simple clickbait would do much better for them.
And easily get nervous on a fake news without even trying to search if the news are true or not.
This is the perfect example of buy the rumors and sell fact
September 25, 2019, 09:47:16 PM
#1 Quantum keys merely increase the bitsize. It means you upgrade from SHA256 to SHA512 or a larger bitwise number. There's no guarantee that this would be effective against a true quantum computer, if one is ever created.
#2 Clock speed, optimization and a smaller silicon lithographic etching process in nanometers could be cited to claim protection against quantum brute forcing. But would any of those marketing claims withstand the reality of it? Its not something anyone is making an effort to place a guarantee on.
#2 Clock speed, optimization and a smaller silicon lithographic etching process in nanometers could be cited to claim protection against quantum brute forcing. But would any of those marketing claims withstand the reality of it? Its not something anyone is making an effort to place a guarantee on.
Our disagreement only really hinges on the fact that you believe that we have no idea what quantum computers can do because they don't exist (or practical ones at least) yet, whereas I believe that current projections of their capabilities would be close to what they can actually do. If we have to insist on guarantees against something that doesn't exist yet (and thus couldn't be tested), then there's literally nothing we can do to prepare at the moment. If that's your line of thinking, then I suppose your belief on its effect on prices is justified.
#3 There have been many many BTC price movements traders couldn't explain that were easily explainable by stories published in the news at the time.
I'll give you one example:
https://bitcointalksearch.org/topic/m.51040602
That news story could explain the recent spike in BTC price which traders also could not explain @ the time.
I'll give you one example:
https://bitcointalksearch.org/topic/m.51040602
That news story could explain the recent spike in BTC price which traders also could not explain @ the time.
True, but it could also be explained by Bakkt being announced one day prior to that post.
The current drop also coincided with Bakkt starting slow, so I believe it's more likely that traders are more interested in watching Bakkt than Google's paper. I could be wrong, of course. Pointing to what caused price movements is difficult even in hindsight, but I think it's reasonable at this point to assume that the hype (and that hype being shot down) behind Bakkt can move the market.
September 25, 2019, 05:16:30 PM
The piece of news from google was a couple days ago, there's no connection between that and todays 'dip'. The price was going sideways for too long, expectations for Bakkt were too high, and we're seeing a large decrease in price following weeks of stability. We might go back to ~$10k but it may 'dip' again.
I agree, this news has been going around for days and I doubt that this is the source of all this sudden dip of the price. It is attributed to some miners suddenly pulling the plug on their mining hardware. But it really doesn't make sense, could probably some black out on some miners regions, but for sure they will be back mining again when the electricity stabilised. Those whale who sold on Bitmex just reacted on the market, and dump huge amount. We don't know if this is deliberate to cause the market to panic or just simply wanted to liquidate his/her assets.
September 25, 2019, 05:11:28 PM
Now there needs a reason for the price drop. This has been connected to different issues, one being the Bakkt, another is the Bitmex, now it is the news about Quantum computers. Something about Quantum computers was there in the news, and by this time if the price hasn't fallen now the same should have got attributed to the news which is true. This happens until the growth gets initiated for the next level of bullish move.
September 25, 2019, 04:21:03 PM
Lol!! Without going to the controversy whether Google has achieved quantum process of 53 Qubit power or not, I think there is no correlation at all! Quantum computer will have much larger scope for mankind, why would it be used to break the encryption of bitcoin only?? That's dumb thinking!
I would rather think, Google will use its quantum computer very cautiously without hurting anyone or anything, even after having the capability of doing so! I am sure bitcoin users have at least that much gray matter in their brain!
Its total BS to think of that this news correlates with the sudden price dip but we cant blame people not to tagged up these kind of news since they I would rather think, Google will use its quantum computer very cautiously without hurting anyone or anything, even after having the capability of doing so! I am sure bitcoin users have at least that much gray matter in their brain!
do know the possibilities and capabilities of these quantum tech towards crypto that's why they are saying or trying to connect these scenarios.
People are way gone too far on presuming things even it do looks total non-sense to consider about.
September 25, 2019, 03:27:55 PM
When I read the headline of Google claiming to have gotten hold of Quantum computing, even without reading the content of the news, my mind went straight to crypto as we have read in several articles that the undoing of crypto would be the advent of quantum computers which is what is now upon us. Although, I would not wish away the fear because it has been reported that quantum computing is not even upon us in the near future and now google laying claim to it now should cause panic.
For me, this just further show the huge volatility that the market is facing because it does not even react to factual news but also fake news, it goes on to react to tweets by individuals, comments by figures among ridiculous thing any ideal market should react to and such reactions are always fatal. The market will recover, the question is when?
For me, this just further show the huge volatility that the market is facing because it does not even react to factual news but also fake news, it goes on to react to tweets by individuals, comments by figures among ridiculous thing any ideal market should react to and such reactions are always fatal. The market will recover, the question is when?
September 25, 2019, 02:11:20 PM
I dont know why the dump is attached to so much tales. The dump was predicted just that we dont always want to accept it. google, Bakkt or no bakkt the dump was expected, we are only disappointed in the influence of the bakkt launch to the price. Sadly we could see it deeper towards 6-7k in coming weeks before see any pump. As if we are not at used to it, there have been worse news than the google hack and the rest when it want to rise. When bull is pulling the price no news can stop it
September 25, 2019, 01:48:15 PM
The piece of news from google was a couple days ago, there's no connection between that and todays 'dip'. The price was going sideways for too long, expectations for Bakkt were too high, and we're seeing a large decrease in price following weeks of stability. We might go back to ~$10k but it may 'dip' again.
This can be related and not any news about quantum computers as i still consider it as a dream to achieve those levels to have a real attack on anything.The price was not going either way and it was stuck for one price for a long time and now we are seeing a correction and it is time for everyone to invest those who were planning to invest when there is a correction and wait for some time, we will see a rally in the next one year and these dips are common in this market
. 
September 25, 2019, 01:38:47 PM
I am still not sure that stable quantum computing can exist in near future.
These news did not have anything to do with bitcoin drop, the big move was predicted by simple Technical analysis.
If the news had impact worldwide and if it was true, the appropriate stocks would go down extremely fast.
These news did not have anything to do with bitcoin drop, the big move was predicted by simple Technical analysis.
If the news had impact worldwide and if it was true, the appropriate stocks would go down extremely fast.
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