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Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
01-07-2018, 01:08 PM
Post: #201
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
There are some good video on this channel for those who want to know what the government of countries have done and explanations of what cryptocurrency can do for the future.

https://www.youtube.com/user/aantonop/videos

From some video I learn there is some kind of currency war going on with countries, they Inflate their money (print too much money) to avoid paying their debts, they are cheating basically. And in the end Bitcoin seems to have profited the most as it's going in the opposite direction, this is maybe why the price of bitcoin went up that fast in 2017, this is mass corruption of government, they are playing wolf of Wall street.
I didn't really notice that because if you look at the rate of euro or dollar they are comparing it to other currency that are also going down in value, it's only when you compare it with cryptocurrency that you can notice the big gap.
In other term it means bitcoin owner didn't really got rich but it's the Fiat owner that got poor as their money value decrease. I knew already about it but I wasn't aware it was this extreme.

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01-07-2018, 06:33 PM
Post: #202
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
(01-07-2018 11:01 AM)Travis Wrote:  Ethereum doesn’t want to come down, everyday we have a new ATH

I refuse to use Bitcoin when I'm buying crypto's because the fees are so high. So I only buy ethereum when I'm buying cryptos. If that's the same for every body else then I can assume that's the reason why BItcoin is stagnant and ethereum is rising.

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01-07-2018, 08:22 PM (This post was last modified: 01-07-2018 08:23 PM by Spiral.)
Post: #203
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
It might be time to buy back into Electroneum. I havn't done alot of research but I like the support behind electroneum. There was mention of buying into it in the Litecoin community on facebook. I'd like to get a quick opinion from Cyanide, when you come back into the discussion. Also Alpha, and Determined and anyone else... just some thoughts from anyone whom has done extensive research over the last year or so.

What do you think are the most important factors that a coin on the market, now, would have to focus on in order to create significant practical value in the future? And what is practical these days for our society and economy regarding purchases? Probably not the right questions because they're very specific, BUT I've learned that decentralization, privacy, security and fast transaction times are of the highest priority among almost everyone choosing to invest in bitcoin and altcoin. Fees are important too but maybe not as much as the aforementioned.

Just need some more information, before I decide whether or not to buy in during the dip on Electroneum.

Some coins I'm interested in because of the top priorities I've mentioned are Deep Onion, and Spectrecoin. I don't know much except that their focus is security, privacy and anonymity. Deep Onion has developed their own blockchain technology for the extra security.

Your thoughts on those as well?

"To love completely and hold onto nothing-that is the only freedom." -David Deida
"If at first glance it may appear too hard, look again. Always look again." - Unknown
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01-08-2018, 12:09 AM
Post: #204
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
Hey Spiral,

(Loving that you've read David Deida, that makes you an advanced man in my mind)

Start by reading this: https://www.reddit.com/r/CryptoCurrency/...rned_over/

As for coins; we're currently in a bull market. Everything is going up. Contrary to some previous wisdom, I just put $200 on a shit coin in the hopes that it moons so I can sell and re-invest in a coin that matters.

Same advice as that reddit veteran gives: Buy and hold in a good coin that solves a problem. That's my long term plan. Any profit I make from that shit coin I'm putting straight into Cardano. BTC is 1st gen, ETH is 2nd gen and Cardano is 3rd gen.

I'd point you here:
https://www.youtube.com/watch?v=Ja9D0kpksxw for a Cardano lecture as to what it does

and here https://www.youtube.com/watch?v=97ufCT6lQcY&t=676s

The second video is the same guy (Charles Hoskinson) who also created Ethereum. Key thing to notice about the second video is his message is the same as the first even thought its from 2014.

The significance of this is two fold:
1) you can see what his message and life work is "the future is decentralised". In both videos he addresses making a coin that can interact and untap all the money in the monetary system.
2) In a meta sort of way "we don't see the world as it is, we see it as we are". When he makes the statement that "the future is decentralised" you get a glimpse into his mind and what he's working on.

Bonus message: He picked Ripple back in 2014 as a big winner. If you do your research you'll see that only 2 coins (litecoin and bitcoin) survived from that period. Every other coin crashed. Coming back to that reddit article - 90% of coins will have a zero value, invest accordingly.

At the moment Cardano is only $1 but I'm confident it'll increase in value by the end of the year. The two forces driving the price are
1) hype (which is the same as most other coins)
2) it's utility.

If you look at a coin called DNT, you'll notice that it had a huge spike in August last year and then a huge crash. This was due to it being overly hyped ("shilled") everywhere. After the price spiked after the hype, when the inherent value was found to be far less than what it was hyped to be, it crashed.

Coming back to Cardano, currently it's got big expectations hence it's value but it hasn't got any utility as it's still in development. You can go onto their page to see the progress of each individual project. As these projects become complete, the inherent value in it's utility will start to be realised.

Which is why I expect Cardano not to increase as dramatically as some other coins will in the next few weeks BUT in the long term it'll go up.

If you synthesise what I've typed above you'll see that
1) it's important to invest in a coin which ultimately solves a problem. That's where the real value is at - it's inherent utility.
2) It's important to pick a coin which you understand and which you can rely on to grow in value over time. While the short term bursts of a few coins are tempting, picking a good coin and holding will make you money in the long term.

As for ETN I can see it going up to $1-$2 but very slowly.

Final takeaway: We're in a bull market right now but this won't last forever. Be wise and make good picks

Good luck!

"The cave you fear to enter holds the treasure you seek"
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01-08-2018, 12:32 AM (This post was last modified: 01-08-2018 12:37 AM by JackOfHearts.)
Post: #205
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
For Spectrecoin and Deeponion they will probably rise as they are so low in rank but I wouldn't trust them for long term, I don't think I will bet on any of them.

For anonymity Verge(xvg) seems the best we have to me currently. Monero is the current leader but unless they resolve their current high fees problem I don't think it's going to succeed. I did some transfer from different exchange with Verge and it cost me almost nothing, for now at least. Monero was just a nightmare, my brother had to pay 5$ just to send from one exchange to another and this was a long time ago, it's probably worse now.

ETN is based on Monero, they use the same Cryptonight algo, I'm not sure why monero fees went up so high. But from my little research it's seem it is due do their privacy algo. And it works the same with ETN. When you do a transaction, there are at least 5 different transaction done at the same time in order to hide the amount sent and who sent it, so the cost is 5 times higher for each transaction (if not more). Maybe as ETN Value rise the fees with rise too and they may face the same problem monero is currently facing with fees. Monero is only 13th in rank, to me it's unacceptable to pay fees almost similar to Bitcoin for anonymity (unless you are stealing something Hehe ) .
Bitcoin fees are high because they have so much people using it but imagine monero with such amount of people Lol

https://bitinfocharts.com/comparison/mon...nfees.html
https://getmonero.org/2017/12/11/A-note-on-fees.html

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01-08-2018, 05:23 AM
Post: #206
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
Should ICO exist?
https://www.youtube.com/watch?v=yfjgcI8xX3A

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01-08-2018, 06:51 AM
Post: #207
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
Have you guys heard of ECA? The ECA community is really strong and coins are pretty cheap for now. You might wanna look into it
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01-08-2018, 07:25 AM (This post was last modified: 01-08-2018 07:33 AM by Determined.)
Post: #208
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
(01-08-2018 06:51 AM)Zane Wrote:  Have you guys heard of ECA? The ECA community is really strong and coins are pretty cheap for now. You might wanna look into it

I wouldn't buy it. It's been out for 6 months with no white paper and no real purpose. It might shoot up quickly but there's no guarantee.

Seems like a gamble

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01-08-2018, 09:19 AM (This post was last modified: 01-08-2018 09:29 AM by JackOfHearts.)
Post: #209
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
A gamble that seems promising surprisingly. Pirate (follow the 9)
I will invest 10 or 20$
The only exchange it's in seems to be down according to bitcointalk.
Did you noticed the recent problems with exchange guys, it's starting to become really annoying. Hitbtc, Binance, Cryptopia, all to some extent were affected and still are, Hitbtc seems the worst right now.

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01-08-2018, 04:09 PM (This post was last modified: 01-08-2018 04:10 PM by Travis.)
Post: #210
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
A user at /biz analyzed several penny stocks for High-Risk High-Reward potential.

Found it interesting, here it is:

https://imgur.com/UAGqR1I

Here's the thread:

http://boards.4chan.org/biz/thread/6123969

I might throw $200 into each of them

INTP
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01-09-2018, 03:32 AM
Post: #211
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
That change in March may be the Bticoin Lightning network. It's being called Bitcoin 2.0 and I can see a huge surge in bitcoin prices if it is successful.

The Bitcoin Lightning network aims to reduce the scalability problems that are currently plaguing it and giving value to it's competitors. If you have Bitcoin, it's a good time buy/hold. I might be putting some money into it soon.

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01-09-2018, 04:35 AM (This post was last modified: 01-09-2018 04:36 AM by JackOfHearts.)
Post: #212
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
I was thinking exactly about that Popcorn but ETH could the one who profit the most, could be due do their POW to POS switch. Also a lot of guys seems to think due to that switch from Etherum POS type coin will go up.

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01-09-2018, 05:39 AM (This post was last modified: 01-09-2018 05:48 AM by Determined.)
Post: #213
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
(01-09-2018 04:35 AM)Alpha360 Wrote:  I was thinking exactly about that Popcorn but ETH could the one who profit the most, could be due do their POW to POS switch. Also a lot of guys seems to think due to that switch from Etherum POS type coin will go up.

Possibly. The thing is, ETH is only growing right now because of the scalability problems with BTC. If these get resolved then I can see BTC regaining it's lost market dominance.

Also, if the Bitcoin Lightning Network is a success, it will make both Bitcoin Cash and Litecoin redundant as they're both currently just BTC forks.

So if anyone here is holding Bitcoin Cash or Litecoin, it might be wise to reinvest.

Edit: I should add, the Litecoin creator also sold his entire stake in the coin on Dec 20. I'd take that as a sign for things to come.

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01-09-2018, 02:46 PM (This post was last modified: 01-09-2018 03:03 PM by JackOfHearts.)
Post: #214
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
I don't think LTC will die and the lightning network is a quick fix, it won't solve the problem, it might just barely gives some relief.
Watch andreas antonopoulos video you will learn a lot.
He compared internet beginning as blockchain begining, the congestion won't be fixed in the short term as it's an inherent part of a new technology teething process.

Also I don't think ETH is growing only because BTC is slowing down, the token technology build inside ETH give him more value than BTC, it's only a matter of time before BTC users come down to earth. BTC is obsolete compared to ETH, unless they manage something new they aren't going to stay at the top.

https://segwit.org/my-vision-for-segwit-...95a7ab656b
Charlie Lee Wrote:But some people say LN (lightning) on Bitcoin will kill any reason to use Litecoin. If people can do instantaneous transactions on Bitcoin, why would they use Litecoin? My gut feel is that this is not the case. Even with LN, Bitcoin still cannot service every person in the world. I think the calculation was that at 1MB blocks, LN and SegWit on Bitcoin can service 500M users. LN nodes will charge a fee for LN txns going through them and that fee will be relative to the Bitcoin network fee. So Bitcoin LN txns will be more expensive than Litecoin LN txns. It may make economic sense for a LN txn to go via Litecoin and back to Bitcoin to get the cheapest rate

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01-09-2018, 03:15 PM
Post: #215
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
[Image: 1*F3bGI0JVk-pwdv7__lVkYQ.jpeg]

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01-09-2018, 03:37 PM (This post was last modified: 01-09-2018 03:42 PM by JackOfHearts.)
Post: #216
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
How many people actually know the reason why Charlie Lee sold his coins? Whistle

Conflict of interest

Most would stop reading after that, and understand it the wrong way. I thought it meant he was protesting against something in the team but no.

He sold it because he don't want people to think he is working on LTC for the money he will get as LTC grow in value. Mega_shok So now people can't say he is working on LTC to get rich, that's his official reason Lipssealed

WHY WHY WHY, always ask why, ,never assume something until you know all the story and search for the truth. Maybe the guy actually explained his move, but most won't read it.

So in the end what he did should have the opposite effect, Charlie actually believe LTC value will grow. (selfless)

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01-09-2018, 08:37 PM (This post was last modified: 01-09-2018 10:41 PM by Determined.)
Post: #217
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
To be fair, publicly he can't say his real reasons for selling as it would induce fear and panic. The crypto market is driven largely by public perception and if he were to openly say he feels the Bitcoin Lightning Network were a threat to Litecoin, it would cause Litecoin prices to drop.

He sold his Litecoin at $350 which would make him very rich anyway. He also sold all his Bitcoin Cash at the same time (both the BTC forks). I'm presuming he knows something that we don't hence his behaviour.

I'd feel more assured that he was interested in growing LTC if he had a stake in it and if he was interested in becoming rich. Without his personal interest, they're just words.

I agree, it's important to look behind the words hence why I'm skeptical. If he's saying he sold all his LTC so he could grow the company in value and not make any money for himself - I'd be skeptical of that too.

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01-09-2018, 10:04 PM
Post: #218
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
Massive 3-month cup with handle forming for LINK:

[Image: 1515562641277.png]

Now's a good time to buy. It's going to break for $2+ after the handle is done

INTP
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01-09-2018, 11:17 PM
Post: #219
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
Travis, why is it going to break $2? "handle" refers to a piece of a chart pattern? Is a spike always guaranteed?

Just curious. I know nothing about this coin, but I've been asking people at least 2 questions a day, putting more pieces of the big picture puzzle together.

"To love completely and hold onto nothing-that is the only freedom." -David Deida
"If at first glance it may appear too hard, look again. Always look again." - Unknown
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01-09-2018, 11:25 PM
Post: #220
RE: Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency
Even if you go to Coinmarketcap and click 3 month graph for LINK, you can see it isn't a traditional "cup and handle" pattern.

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