31st might be good timing so just luck of the draw, sometimes tied hands is more fortunate then trying to judge situations like this August 1st it is safest to have your bitcoins off of the exchange in a wallet.
Some people may have figured out that it's also "safe" to have your money on the exchange in dollars.
I think August 1st will be anticlimactic.
Yea thats what I figured. If you want to judge an open market then just imagine what is the most simple action to perform or most straight forward course. That is to just sell up especially price looks negative and it becomes self fulfilling. People dont resist these moves, it might be smart to buy into a selling atmosphere but its a small minority who react in that way and it requires a long term view, short term its all red. The crowd are by definition more lemming like just moving as a mass. Still got lots of people who dont have a proper account besides various sites they utilise, be that betting or buying or whatever. BTC is there for using, ideally thats how I view the price background just people incidentally supporting price by holding btc overnight. Put enough apprehension out there and people will just retract altogether not stop their game and do something boring like organise it into a wallet for some theoretical issue to resolve. Of course theres lots of full users, but I think many in a BTC holding now are not enthusiasts just users who looking for ease of use not complication, uncertainty, bickering, politics etc. Obviously dollar is the first source for such things and most convenient. Looking for an especially negative target, more of a ledge on a cliff. 1600 on kraken is an old loose trend that can come into play. The decline was slower in previous sells if we confirm below $2100 on a daily candle say
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There are transaction fees for BLK so you receive some of those I imagine. I did a new copy of BLK Lore & resetup all my files and its working on a very ancient laptop with vista. Its 32bit so I used the correct .exe and it was able to see peers and update and show new transactions. It didnt stake for some reason, wasnt clear why left it a while and it showed as fine in bottom right but didnt stake beyond that. So as suggested I did the -reindex command which takes like 20 hours I think. Showed some immature coins but its cleared them all now Its staked anyway so I presume thats all good. The local Lore shows a slightly different balance to the explorer copy. Im not sure why exactly and the recent transaction matches, its not a large amount but just mentioning it in case it matters. On explorer I can spot 2 transactions in April where explorer states amounts sent 30% more then the wallet shows, so if repeated that'd do it. I found one to be to bittrex and Bittrex ledger agrees with the local Lore amount, so its explorer which is at fault. Case solved https://chainz.cryptoid.info/blkCrypto has a negative drift to its pricing is how I describe it currently, negative decline for sure but still my guess is its best to accumulate when speculators sell without good reason though fundamentals are more important then shapes on charts.
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Could a raspberry Pi not do this kind of task or is that asking too much, if it can play a movie surely it can stream. Then you solved your electricity cost problem and its suddenly far cheaper plus a headless pi will fit anywhere out of the way. My rig is built for general purpose and maybe mining, I would have to ask $10 a day really and possibly some minor machine would ask for 10 a week but for the hassle I dont imagine less then that
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Believe it or not, before USA was great in 20th century it was the little UK and sterling pound which was seen as the infallible world currency. What would happen if every major business in the world did not have some sterling to buy goods with, surely we'd all fail. The British Empire the largest trading empire that ever existed did decline and cease (in ownership terms) not that long after the allies won (at great expense) and of course we now know the world carried on without the Brits fingers in every pot and trade of countries in every hemisphere. Empires of colonial basis might not exist so much now but we still have not quite capitalism occuring but something relying on a great deal of military influence, some find this a positive but I also believe it will decline and transition. Not that I especially want this, I speak English and Im rubbish at other languages but its likely dollar is over extended and like sterling will not be important any more [Sterling remains a 12% reserve currency roughly]. Its not going to be great ruin of all nations, USA will find a way and so will the world and Bitcoin is likely on its own course not tied to Washington DC economics. Not even 1 nation should revolve around 1 city imo, I prefer the Swiss system.
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After the events of last week.
I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
Its not actually a currency is probably the argument to that. Online exchange secure tokens but with backing of no kind and its not sufficiently liquid ? Not quite sure the definitions required but the negatives stated by the stock exchange vs ETF floating as a stock is probably roughly in line with why its not seen as a currency or even valid commodity. So in that context you have to rate BTC vs absolutely every price for anything. Not sure if its the best then, seems the most easily tradable best performer to me though. https://en.wikipedia.org/wiki/Hard_times_token
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Its more true that dollar is depending on major countries around the world for support. More trade and production occurs outside USA then inside it. It was once true that dollar was the main path for trade in the world but at present it represents alot of imported goods, the difference to exports being stored in Treasury debt.
If it werent for that large amount of debt ironically the dollar value would be far lower as value would return to the countries of production. If that occurs now, dollar value falls and I dont think bitcoin value must fall with dollar. If anything I think bitcoin is inverse to dollar, with value falling you likely have a higher price for bitcoin.
Again I think bitcoin is used/grows more more outside USA then inside it. This isnt a revolutionary thought or discriminatory at all, since demographics points to far greater growth likely to occur outside USA then inside it. The majority of India is below 30 years old, so theres a potential usage for billions of people who have no direct relation to dollar. USA is far smaller population but also far richer thats true, the world wont always stay the same it'll favour productive enterprise more then it does now. I think dollar is a political currency, USA is a superpower and presently support is related to that position but value should follow trade not unproductive debt. Its not just one country but quite a few western countries have trade deficit and budget deficits, currency value supported by over blown debt valuations. Debt value is inverse to interest rates roughly, thats how you know we're at highs not for this decade but over centuries no debt has been viewed as so perfectly sound as is true now, the obvious disparity is this debt is not perfect. You have a conflux of crypto with unique situational change in world reserve currency, so there is change beyond imagination quite likely imo
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The hero we need.
No need for theory on what happens when a country takes on too much debt to service its trade requirements, its happened and is happening now in various countries. The thing different now with Dollar would be that its the reserve currency and so a break down there has an influence in many countries. This is why other countries are also building up debt, Yen and Japan is most interesting right now with likely all value in FIAT going to be wiped out. They have allowed bitcoin as an alternative there. I hope its of some use to the population in avoiding failure not that we should celebrate any volatility in bitcoin, because it has real consequences for some in various countries with this unstable modern paper standard.
The short story is the weakest link will be the first to break. I dont see people who are in productive industry as that weakness. So if paper money is the failure or government debts too great, this is the part of society that should be wiped out first. Otherwise we are talking about force and oppression
Dollar index value has generally been weaker for this year despite Federal reserve raising rates. The real threat would be if they reversed QE or if government closed the deficit but until then I see open inflation and dollar weakness.
For most of today Bitcoin has been finding support after meeting a negative trend we beat at start of this month. Also in this general area a line of support could be drawn. If both are negated, the price might match a proper negative sentiment but I dont see that now
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2014 is not repeating, we have moved on a fair bit since then I think. We have a possible protocol change to Bitcoin coming August I think it is. Any doubt and uncertainity will bring the price in but so far this isnt as harsh as it could be. Not by crypto standards is this really a hard sell off, its times like this to look at it holding up relatively strong I think.
I would match Blackcoin pricing similar to end of May. Very apparent negative sentiment but as then now possible for it to bottom out and rise, the reason being we are on the outside of a negative trend not the underside (we topped end of June and were already set to resolve a pullback before btc itself retracted). Anyway I'm willing to test my chart theory some
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Shorting would be a good option if you think dollar strength will become apparent here. I had a quick look at the ETH chart and I think it could find support short term and that reaction will be better data to judge a longer term opinion ETH direction on. I do think bitcoin itself seems to give alot of direction to the various alt coins even with ETH, its like a tide coming in and out.
Im not aware of fundamental changes for ETH that'd lead it down so severely
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I could write from the perspective of a community participant and I have an qualification in English and it is my first language. Iam also qualified in maths and computers so would most likely take that understanding on issues. My general take on crypto currency is that it must apply itself to the wider world rather then vice versa, its very possible that FIAT banking develops enough momentum to dominate transactions over mobile and circumvent any further growth in crypto. Im most interested in how crypto standards develop to serve normal people in the most efficient way, I think competition will eventually come from mainstream usage despite the technical dynamics initially for each blockchain. I read the financial press most regularly online.
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Bitcoin broke out of a triangle downwards. So uncertainity over that blockchain direction I guess. That just matters for setting the general mood and sentiment in crypto. Not sure if I can find a better chart to draw on but in simple terms there is previous price action history here in line with the market price for ENRG. I sold some previous and bought some here just going on possible support in price. Most volume reflects buying (OBV) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIXpiekJ.png&t=665&c=La_aIfp984bO0A)
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Uncertainty is not something people buy. People are brave when its a 'sure thing' which leads the market to flip to wild extremes. A reset to 2000 or so very roughly is still bullish action from my perspective of a few years as weak hands and leverage pulls back. Some sell some buy, overall its still healthy to shake up any presumptions because there is no sure thing. Growth has to be genuine and if bitcoin manages to pull that off and overcome this latest speed bump of protocol change to uncap growth, it'll get five figures most likely
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oh vey! really? no taxes? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I recently asked the IRS if I could pay taxes in Bitcoin. They said unfortunately no, taxes need to be paid in US currency as that is the reason for US currency to exist. That is a sovereign citizen type action which is impossible but apparently a 'thing' I have heard of people wanting to declare an entire state free, I dont see it happening though buts its more feasible. Puerto Rico just had a vote in favour of becoming a state I think, people still ignoring USA debts and dollar is strong relatively till that breaks. A much weaker dollar would be extremely bullish for bitcoin price, not yet apparent Anyway the price for bitcoin is neutral I think, above 2500 as support but below a positive trend that might have price resume upwards medium term. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9YlEzzp.png&t=665&c=6LAobBs7P_TNtw) On Kraken I think its in a triangle kind of reducing range which we then expect to breakout. It has higher lows but is also a pattern of lower highs
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24,000 would require alot of selling alongside the buying, I think to be real because nobody in their minds is thinking that high so that means selling before acceptance or a very unstable rise. Dollar value overall has been trending lower for a while now, if it doesnt find support here but continues down it may help various alternates such as bitcoin to hold gains.
Kraken I would say is coiling or snaking sideways, preference for if that negative or positive however I did draw a negative trend from previous action on huobi chart and we remain sideways underneath that. So its a future battle not current just yet, not great as Im just naming a short term trend of a month or so. 2531 I would like passed and confirmed as a bottom before guessing market has changed mood I think
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blackcoin-qt.exe -loadblock=C:\temp\bootstrap.dat
If you ever want to add in a command like that, its probably easiest via a shortcut. The very first line you can just add -loadblock onto the end of the text and it'll use it when you double click next To create a shortcut to anything right click and it's on the menu create shortcut. Then you can drag and drop your icon for shortcut to desktop or anywhere. Then you right click shortcut > properties to edit, its the first line as I said above.
Other commands are listed near the help menu once loaded. -rescan is one sometimes helps -reindex I think was mentioned recently -datadir= That one is for when you want blackcoin to look for its files in a new directory, like C:\temp I gave as an example above.
You can always just create a new folder to put files in, no rules against it. I dont believe blackcoin is bound to any awkward directory or just the C drive. Just tell blackcoin where that folder is with -datadir, use your own name for the folder; temp is just my example and I'll be in trouble recommending that :p Same thing again, right click New> folder and rename to anything
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Etherum uses the same amount of power as an entire country to confirm its transactions, you definitely not saving the planet and cant expect that coin to be cheap to use every day when its costing so much to operate. At some point all the fundamentals play a bigger part in success of a coin listen=1
rpcallowip=127.0.0.1
addnode=115.163.56.7
addnode=87.98.182.171
addnode=167.114.224.79
addnode=167.114.224.82
addnode=2.26.10.33
addnode=212.123.176.143
addnode=213.127.117.26
addnode=213.155.254.2
addnode=213.229.0.41
addnode=213.46.197.237
addnode=23.245.7.15
addnode=40.112.185.197 addnode=5.9.20.83
addnode=51.254.68.179
addnode=70.75.222.15
addnode=75.118.69.81
addnode=77.130.254.239
addnode=78.248.188.112
addnode=82.69.45.247
addnode=84.72.115.99
addnode=88.115.126.51
addnode=90.182.204.175
addnode=91.44.203.1
addnode=87.98.182.171 addnode=104.128.225.215 addnode=77.172.140.65 addnode=223.134.228
rpcport=22715 rpcallowip=127.0.0.1 rpcuser=user9 rpcpassword=pass9 Copy and paste that whole text to notepad and save it as energycoin.conf Dont leave a .txt on the end and it needs to be in the energycoin directory with peers.dat and the other big files. Also you need to not block the app with the firewall and just give it ten minutes to find connections, sometimes its a bit delayed so give it time. I do think it'd be ideal if the wallet just was 1 click and go to start off with, so this nodes file needs to be put there automatically. A SFX rar might do it or probably lots of possible methods. I know most people will just give up straight away if it doesnt burst into life, so its best if its a no hassle install to get as many interested as possible.
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I sold my bitcoin previously, should have kept a bit now I think about it. Now we cant mine it at home and with higher transaction fees you not likely to buy a little bit so its not exactly an option. There must be tons just left in wallets accidentally though I think.
What I did do was keep some of the alt coins, however one of the major exchanges went broke so lost alot of those to bad management. My own fault for not keeping like a dozen different directories of it but anyhow I did keep some so some plus. Now some of the highest growth was seen in the smallest and newest blockchains. So theres your second option use a tiny bit of value to speculate on the next coin and choose carefully. Proof of stake I think is a good one as it encourages personal holdings with some involvement in mining even by the very smallest holders, I believe blockchain should be distributed like that. Dont hold one thing
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Good luck with your sale but 70 subscribers is not even the right side of 100 and really 200 would be a small amount still. If anyone is interested I have over 400 :p but unfortunately its not that significant anything below 1000 is probably a hard sell in my experience. Maybe you can post up your stats page showing daily views, I think this is a more valuable statistic and might get people interested in your channels revenue potential.
Years ago Youtube used to pay more in advert revenue, times got tough in some ways on the little creators . Its all 'top 10 best ever' videos if you want my advice at getting quick money. Make a top 10 ways to make fast money video and add some music. Like those get rich schemes you have to send off a 'small fee' to receive details, ironical it works
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I think its the other way round. The fastest rising coin is the most expensive to gamble with maybe. The reason being if you lose ETH and its gone up 25% in a few days your loss looks far worse, especially if it was your last gamble of the day and then you come back and the value has risen over night.
Bitcoin or ETH is ultimately similar value just in different numbers, same as any currency, euro or Yen doesnt matter if the number is high. Its also how easily I can get hold of that currency, more miners are in ETH so really it should be more available and people could just gamble what they mine.
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Really the biggest gains are from holding it. Just immediate mining can be ok but as difficulty changes and price with supply and demand that is when your mining last month appears very profitable. I am personally a miner, and I keep all I mine. I just sell from times to times what I need to pay for the electricity but that's all. Time said me I was right and with my predictions in the crypto-currency market, I will be right another time.
Not sure about holding for very long amounts of time though because electricity bill can be large and the price can always fall back down. I wouldnt carry from year to year without selling because of that, month to month is ok till time for paying off costs. Recently bitcoin and many coins in general have been appreciating. This makes 2016 look like an excellent time to have been saving or holding coins. Its doubtful holding mining from now till next year will look just as good as that. Its not impossible but I imagine at least growth slows down. I always swap some crypto over to gold, its price trends over decades and has been a way to hold value a long time. I think of that money as asset money more then spending money, for times you need security and deposits more then paying bills. Always hold some I agree but never hold all one thing ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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