Bitcoin

Nice :)
Thumbs up.

Any ideas what went on there?

@citycrypto My tuppence:

A soft fork is basically just like a software update. Bitcoin has already had many soft forks - but this should not affect users of the system.

A hard fork is a clean break from the original project and effectively creates a new project and new blockchain (e.g. Bitcoin Cash, Ethereum Classic, Bitcoin Gold etc). At the point of the hard fork, the code from the original project is copied intact but the new project is then free to modify the protocols and software however it likes. In doing so, the two projects are now incompatible and have to run separately as individual projects.

I'm not an expert on economics or crypto, but I think depending on your definition you could say Bitcoin is a bubble if it does not reach and stay around at least, say, 12k in the next 6 months.

The reason being that Bitcoin reached 20k around 6-7 months ago (and was last at around 12k 3 months ago, but obviously it has dropped off a lot since then). So if it cannot sustain at near 50-60% of that peak within a year from said peak, than you might call it a bubble.

Right now it seems to be settling at 7 to 8k, which has obviously hurt a lot people. But with something like crypto, you never know. It's different from most things we've seen before A year or two from now it could be worth 30 or 40k then nobody would be talking about the "Bitcoin bubble".

A coin is supposed to represent a unit of value of a cryptocurrency (which has its own blockchain).
A token represents a share in some kind of business or project and must be created using some kind of base crypto platform e.g. Waves, Ethereum, Neo etc.

However, you are right - these terms often get used interchangeably.

Similar thread: https://cryptcointrader.com/topic/103/what-s-the-difference-between-an-ico-and-a-token-sale

More info on the attack here: https://blog.theabacus.io/the-verge-hack-explained-7942f63a3017

@lucky777 It would only take $100k or so to setup 10k Bitcoin nodes using AWS (Amazon Web Services) - well within budget of many groups. With that, you could do a 51% attack.

@joes It would be hard to do a 51% attack on a coin like Bitcoin or Ethereum though, am I correct?

wow - rats. Bad news for Verge!
Even Bitcoin and Ethereum are vulnerable to this type of attack though (51% attack) - which also worries me..

@citycrypto That's a good question. I think for one, the crypto market as a whole are influenced by the same factors, so if there is a reason for Bitcoin to fall, that same reason is probably causing many altcoins to fall. Like if investors are buying a lot of Bitcoin, that means investors are probably buying other cryptos as well and vice versa. One reason being that a lot of big investors want to have diversified portfolios and a lot of people buy crypto with other cryptos.