Is Bitcoin’s monster rally over for now?

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Re: Is Bitcoin’s monster rally over for now?

Postby ck+ » Mon Mar 12, 2018 11:46 am


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Re: Is Bitcoin’s monster rally over for now?

Postby PAT » Mon Mar 12, 2018 7:29 pm

Keep an eye on XRP as a LT investment
As always limited your exposure to what you can afford to loose in case if things go wrong
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Re: Is Bitcoin’s monster rally over for now?

Postby matrix » Tue Mar 13, 2018 7:49 am

Neo and ripple both are centralized as I heard. So main feature of crypto is not there. I have seen some are critising ripple over this.
Decentralization is the main thing crypto users like to have.
Any how I believe both neo and ripple have huge potential to advance rapidly in future as they are with real products..
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Re: Is Bitcoin’s monster rally over for now?

Postby PAT » Tue Mar 13, 2018 8:05 am

matrix wrote:Neo and ripple both are centralized as I heard. So main feature of crypto is not there. I have seen some are critising ripple over this.
Decentralization is the main thing crypto users like to have.
Any how I believe both neo and ripple have huge potential to advance rapidly in future as they are with real products..


Correct
They are with real products
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Re: Is Bitcoin’s monster rally over for now?

Postby matrix » Tue Mar 13, 2018 8:30 am

Is Ripple (XRP), Tether, NEO Centralized?

When venturing into the cryptocurrency world, decentralization is a very popular buzzword. Many people claim that even Bitcoin itself isn't truly decentralized, that whoever controls a lot of its mining hashpower can slow down transactions or effect price.

In this guide we'll go through which of the top 25 coins look to be centralized, and why.


Criteria for a Centralized Cryptocurrency

Firstly, keep in mind this guide is very subjective. The coins on this list are not all completely centralized, but rather a core element of them is. Depending on your own personal preference/motivations, you may disagree with our list - or we may have made mistakes! You can contact us here if you have any feedback.

So in our view, there are two main aspects of centralization in cryptocurrencies. The first is to consider where a coin's blockchain nodes are placed, and where the data is kept; and the second is whether a central organisation has control over a coin.

Our criteria will be whether a cryptocurrency can have direct intervention from a central team/organisation. We do not take into account social influence from figureheads or situations where an organisation can propose a change that requires concensus to be be adopted.


Ripple

Ripple (XRP), a coin that's grown over 10x in value over December 2017, boasts much lower fees and much higher throughput than the likes of Bitcoin and Ethereum. It sees itself as a global interchange for banks and corporations. At the time of writing, it is the 3rd largest cryptocurrency with a market cap of $49,691,473,267.

What part of Ripple meets our centralization criteria? Two key factors:

The organisation behind Ripple selects the validator nodes used (in the long-term their aim is for no entity to operate the majority of nodes, but in the short-term the organisation behind Ripple operates the majority of nodes).
The organisation behind Ripple controls the supply of coins.

NEO

The 10th largest cryptocurrency, with a market cap of $7,670,715,000, NEO is a blockchain platform to facilitate digital assets and smart contracts, very similar to Ethereum. It claims a higher transaction rate and more features for developers than its more popular counterpart.

NEO's centralized elements come down to its control of nodes. Like Ripple, this give it speed advantages, but means that the team behind it has direct influence over the transactions. They look to be adding 'open voting' by February 2018 (currently the NEO Council votes on new concensus nodes).


IOTA

The 11th largest cryptocurrency, with a market cap of $6,736,691,956, IOTA's technology tries to eliminate transaction fees and drastically speed up transactions by only allowing users a transaction when they have validated two other transactions.

IOTA has a strategy of short-term governance of its network to protect it as it grows up. It has many nodes, but only one is fully trusted - the 'coordinator'. The idea is that for transactions to be fully trusted, the coordinator needs to have validated them. Then as the network scales, and the people behind the system deem that the network is big enough, the coordinator will be removed - and IOTA will become decentralized. Until that time though it's very much centralized.


TRON

TRON is pitched as "a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology". Based on Ethereum, it's the 14th largest cryptocurrency with a market cap of $4,466,248,416.

TRON's centralization aspect is that it's currently an ERC20 token, which at some point aims to be converted to an actual TRX coin. Until then though, the development team may be able to halt trading on the current coin whenever they want (in principle for when they release their new coin, but take what you will from this). This was confirmed in a Tweet by the founder Justin Sun.


VeChain

The 20th largest cryptocurrency, with a market cap of $2,254,280,106 is VeChain. VeChain's 'blockchain as a service' model aims to use a blockchain to track goods and services through manufacturing and supply chains, as well as to validate authenticity to customers.

As far as we're aware, VeChain control their own ecosystem, nodes and who they partner with - all strong aspects of centralization.


Tether

Tether (USDT) is a coin tied to the US Dollar (USD), where in principle holding Tether is the same as holding US Dollars - allowing users to store money in Tether on many crypto-crypto exchanges as if it were USD. The company behind Tether claim that every USDT is backed by USD in the company's reserve. Currently this coin has a market cap of $1,627,346,303.

The entire value of this currency is based on the company behind it owning the equivalent amount of USD, so this coin is very much centralized to this company - where they can just print new Tether when they want (with many people claiming that since they haven't been audited properly, they might not have enough USD to back all the new Tether being printed).


Conclusion

The effect of centralization on the cryptocurrency space is up for debate. Some see it as giving up on the core principles behind cryptocurrencies and giving back control to the same organisations that they were trying to escape, and some see it as a necessary step for mainstream adoption. Either way, be aware that just because a system is distributed, or peer to peer, it doesn't mean that its not under control of an organisation or government.

source: http://www.anythingcrypto.com
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Re: Is Bitcoin’s monster rally over for now?

Postby ck+ » Tue Mar 13, 2018 12:57 pm

Thanks all for valuable inputs. I slightly prefer neo over xrp due to the high liquidity of xrp and neo being a chinees product.
As I heard china is in a process of regularizing the crypto market in their country. Soon they will allow china people to buy only china cryptos. Then think what will happen to Neo. Increasing buying pressure can take neo to sky.
That's the main reason Neo are sometimes catogarize as centralized as matrix said, because china will only allow centralized cryptos in future.

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Re: Is Bitcoin’s monster rally over for now?

Postby Teller » Wed Mar 14, 2018 5:54 pm

GOOGLE UP IN ARMS AGAINST CRYPTOCURRENCY
The California-based transnational is the second biggest player in online ad selling; nevertheless it plans to take measures to curtail the nascent digital currency sector.
In an update to its policies, Google has announced it will ban online advertisements of cryptocurrencies, initial coin offerings and "related content" starting in June, which represents a step in line with the broader crackdown on the marketing of the rapidly advancing breed of financial products.
Facebook, notably, made a similar move earlier in January, making it the first and largest ad platform to ditch virtual currency ads. Some dodgier businesses, though, managed to find a loophole to bend the new rule by purposefully misspelling key words like "bitcoin." A Google spokeswoman said the company would find a way to deal with such workarounds.
Shortly after Google’s announcement, Bitcoin, the largest cryptocurrency by market value, dipped about 2 percent, and was trading at $9,099 as of 1:04 p.m. in Hong Kong.
Separately, the ban applies to such risky financial products as binary options, which are a virtual cryptocurrency derivative yielding an all-or-nothing payoff. For now, Google queries for "binary options" and "buy bitcoin" generate results, the top four of which are commercial offers.
The update to Google’s policies was accompanied by the release of its yearly "bad ads" report, in which the corporation calculates the number of malicious and deceptive ads that pop up in its search and video network.
In 2017, Google reported having taken down a staggering 3.2 billion-plus advertisements. The same year, the European Commission imposed a 2.4 billion euro fine on Google for abusing its dominance in the search engine market. The regulator found that the search giant prioritized its commercial partners, their products and services, when generating query results.

https://sputniknews.com/business/201803 ... ments-ban/

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Re: Is Bitcoin’s monster rally over for now?

Postby matrix » Wed Mar 14, 2018 7:11 pm

Thanks teller
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Re: Is Bitcoin’s monster rally over for now?

Postby ck+ » Thu Mar 15, 2018 5:11 pm

NEO under 70. btc went below 8000 and now recovered to 8200

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Re: Is Bitcoin’s monster rally over for now?

Postby SHARK » Thu Mar 15, 2018 5:41 pm

someone said Neo was trading below 30$ ..... am i missing something guys
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Re: Is Bitcoin’s monster rally over for now?

Postby matrix » Thu Mar 15, 2018 5:58 pm

SHARK wrote:someone said Neo was trading below 30$ ..... am i missing something guys

No way shark
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Re: Is Bitcoin’s monster rally over for now?

Postby SHARK » Thu Mar 15, 2018 6:14 pm

who are the crypto lovers in tec we can create a new badge for them :D

what do you think admins and mods :o)
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Re: Is Bitcoin’s monster rally over for now?

Postby aero » Thu Mar 15, 2018 6:27 pm

I bought NEO @ 5$ then sold it 45$

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Re: Is Bitcoin’s monster rally over for now?

Postby PAT » Thu Mar 15, 2018 6:37 pm

SHARK wrote:someone said Neo was trading below 30$ ..... am i missing something guys


It came close to $ 63..... :D
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Re: Is Bitcoin’s monster rally over for now?

Postby PAT » Thu Mar 15, 2018 6:38 pm

SHARK wrote:who are the crypto lovers in tec we can create a new badge for them :D

what do you think admins and mods :o)


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Re: Is Bitcoin’s monster rally over for now?

Postby iF1985 JUNIOR » Thu Mar 15, 2018 10:17 pm

Doubtful that it will get approved...
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Re: Is Bitcoin’s monster rally over for now?

Postby SHARK » Thu Mar 15, 2018 10:47 pm

aero wrote:I bought NEO @ 5$ then sold it 45$
;;)
Price is what you pay. Value is what you get.”

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Re: Is Bitcoin’s monster rally over for now?

Postby Cseinvester » Fri Mar 16, 2018 1:21 am

Wow what a gain .. never can earn such a gain in CSE nowadays

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Re: Is Bitcoin’s monster rally over for now?

Postby iF1985 JUNIOR » Fri Mar 16, 2018 2:19 am

Congrats mate it's nice to hear very good return on investment. I too have lots of memories, happy that we find intelligent guys with tons of patience.

IMO we should not compare cripto gain's with shares specially with CSE. For me it's totally different two segments.
Cheers

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Dutch Court Rules That Bitcoin Has “Properties of Wealth”

Postby sashimaal » Sat Mar 24, 2018 7:38 pm

Dutch Court Rules That Bitcoin Has “Properties of Wealth”

https://news.bitcoin.com/dutch-court-ru ... ifications
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Re: Is Bitcoin’s monster rally over for now?

Postby Investor from 1985 » Sat Mar 24, 2018 8:55 pm

Dutch Court Rules That Bitcoin Has “Properties of Wealth”

:)) :)) :))
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Re: Dutch Court Rules That Bitcoin Has “Properties of Wealth”

Postby matrix » Sat Mar 24, 2018 9:54 pm

sashimaal wrote:Dutch Court Rules That Bitcoin Has “Properties of Wealth”

https://news.bitcoin.com/dutch-court-ru ... ifications

Definitely this is a great recognition of Btc.. Future of currency may be cryptos.. :)
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Re: Is Bitcoin’s monster rally over for now?

Postby sashimaal » Sun Mar 25, 2018 3:39 pm

"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

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Early investor in Tesla, Skype and Hotmail says bitcoin will be bigger than all those combined

Postby sashimaal » Wed Apr 25, 2018 8:42 am

Early investor in Tesla, Skype and Hotmail says bitcoin will be bigger than all those combined

https://www.cnbc.com/2018/04/23/early-t ... ernet.html
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Re: Is Bitcoin’s monster rally over for now?

Postby SHARK » Tue Jun 12, 2018 5:54 am

5.1% down after a hack in south korea?
Price is what you pay. Value is what you get.”


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