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1041  Economy / Speculation / Re: Price BTC after 23 August? on: August 11, 2017, 09:12:40 AM
How think what price BTC will be after 23 August?

I think $4500

Well you are the CryptoProphet, and you should know, why not tell us? Grin

All jokes aside, i think that $4500 is a very achievable level after 23 August. We have seen the 1st August event absolutely blowing everyone's minds and the price going way up instantaneously. We have seen after 8th august when SW was locked in how the price went up to $3000+ and is still climbing.

And all this without a thing that's actually been done really. So when SW is actually activated i would suspect another $1000+ rise. This will take the entire crypto market cap to more than $150 billion. However, not all coins will benefit. Bitcoin cash, for one, will probably drop dramatically after segwit is activated.

If $4500 isn't hit, a $4000 level will be broken at least.
1042  Economy / Service Discussion / Re: bitaddress.org - wallet question on: August 11, 2017, 08:30:53 AM

Do I understand correctly that one wallet consists of one Bitcoin Address (Public Address) and one Private Key?


Like in this case we can see 3 different wallets.




Am I right?



Yes you are completely right mate. You can have as many addresses you want but remember to store the generated private key with the paired public address. If you loose the key then you loose all your funds on that particular wallet. If you want access the funds then you can try few of the well known wallets which support opening of wallet by using bitaddress shared keys and private keys. It's always yo print these keys or you can take screenshot as option to save them. 



Am I right that I need my public address only once, just to receive the first and only transaction, so basically I have to remember my private key only?

Only if you only want to use your address once.

Otherwise you want to keep both the address and the private key. That way, you are able to let people send funds to you without having to find the address paired up with the private key which could pose potential security risks. You could possibly go to bitaddress and access it offline every single time with your private key, but it's a hassle to do that.

So for convenience's sake, keep your private key written down, locked in a safe. Keep your public key/address wherever you like because it's not going to let someone else access your balance if they know your bitcoin address.
1043  Economy / Currency exchange / Re: Selling BTC for Perfect Money (+12%) on: August 11, 2017, 08:28:00 AM
Selling roughly 0.0602 btc for Perfect Money at Preev rate +12%

Escrow to be used whether here or on LBC or Paxful.

Buyer pays escrow fee if we use a bitcointalk escrow.

Not going to happen. Remember that people can sell their perfectmoney instantly on changer.com which is a reputable site i have used countless times to exchange for much much more than that. +12% preev is a rate probably higher than even average paypal rates.

You definitely want to lower that, if you want to have some business.

Otherwise, you'll either have no business or receive lots of scam attempts. Whatever you do though, bottom line: Use escrow.
1044  Economy / Service Discussion / Re: Bittrex User Narrates How He Almost Lost His Funds To A Phishing Site on: August 09, 2017, 11:07:11 AM

I think a huge part of the problem is that google is allowing these sorts of ads to pop up on their search engine when someone searches up bittrex. I remember in the past bitcoin mixers were targeted, for example bitmixer and bitblender.

Google needs to ban these types of ads, and people really need to be more careful when they type in the URL of a web address. I mean how is it even possible that the guy typed in l instead of i in the first place? They're like on completely different rows -_-

I believe that bittrex also has some responsibility in preventing fraud from happening by registering all similar URLs beforehand so that it redirects to the legit site.

He did not directly mistype the letters. Rather he conducted a google search, and probably spelt the name bittrex wrong in another way. But google decided to give him a malicious phishing ad(as they always do for some reason, as you said).

This is a problem that needs to be solved for google and imo google should be liable for any damages that has been done to the victim by the phishing site. It's funny how they filter out inappropriate stuff on youtube without second thoughts but let scammers and con artists advertise their sites openly.

At least this guy had some brains and realised before it was too late. Others probably won't realize until their balance is completely gone, and then complain about it in public saying that they had enabled 2fa and their account got hacked blablabla but in reality it's just that they went on a phishing site and gave everything away voluntarily. ALWAYS, check the url, espcially when dealing with known cases such as bittrex, bitmixer(in the past anyways), etc.
1045  Economy / Service Discussion / Re: Bitcoin betting like on btc-e on: August 09, 2017, 10:50:34 AM
Hi! Do you know any place where I can bet Bitcoin price in similar way like on btc-e? I had a good strategy and I want to try it on another sites.
On btc-e I could bet whether the Bitcoin price after 15 minutes will be higher or lower than 5 minutes ago and if I win I received the money which the other side lost.

You're talking about binary options, right?

There are many, for example secondstrade was one of the biggest bitcoin binary options providers and essentially they provided the same product that btc-e provided, except maybe they were a bit less professional. I can't vouch for the legitimacy of the site now since their advertising on forum slowed down.

Gogooptions is currently advertising on forum, maybe you should check them out too.

There's satoshioption, which i've used personally in the past without issues. There is a whole table comparing each service, their disadvantages and advantages here: https://www.bitcoinbinaryoptions.net/
1046  Economy / Service Discussion / Re: Is travelforcoins.com legit or scam? on: August 09, 2017, 10:32:22 AM
Sent them some Bitcoins four days ago, and received a pending confirmation right away. Then nothing…

A day ago emailed them, and received no reply.

Now what? Keep waiting or write it off as bad experience and book somewhere else?


I think recently there is a growing trend in the number of websites that were active in the past becoming inactive/obsolete. For example pizzaforcoins used to be a really big thing in the bitcoin circles but now is defunct.

I would bet that travelforcoins is something similar. It is likely to be an abandoned project.

You should have checked out their social media, and whether they have any sort of recent activity before just blindly using their service.

What you can do now? Not much, maybe try to go onto whois and find out some more info about the owner and contact him personally. If you can't, then tough luck. But keep trying, you deserve to have your money back.
1047  Economy / Gambling / Re: Stake.com - The Future of Gambling on: August 09, 2017, 10:28:55 AM
I have similar queries to what Rocketsingh has above.

Is this going to be the end of primedice since stake.com seems to be the main focal point of your business venture atm? Also i see that the traditional dice game that was only available on PD also had moved to stake.com meaning a higher probability of this being true.

Also... Nice domain name. But tbh, i will definitely miss PD if it just got redirected to the new stake.com. There is something special about the PD brand, that even the best 4 or 5 letter word .com domains cannot replace.
1048  Economy / Service Discussion / Re: Beware Quoinex on: August 09, 2017, 10:22:28 AM
Anyone tried them?
I heard somewhere about their BCH price being pretty comparatively low so I thought I'd see about getting myself some BCH.  So I pushed a small amount of BTC to them (0.066 or so) and tried to transact but found that they don't actually allow you to purchase BCH on any of their pairs.

So long story short, I tried to withdraw my BTC and got this:



Naturally I sent them a support request:



This was their response:




And THAT, people, is why the world wants crypto regulated.

Firstly you have to realise that whenever there is a seemingly good arbitrage opportunity it is probably because of something being wrong within the exchange that is causing this imbalance between sellers and buyers. Otherwise if its legit other people before you would have already taken advantage of this. So don't do arbitrage if you are not 100% sure, and experienced.

Secondly, try withdrawing 0.06 BTC only. See what happens. As swogerino says it may be the fact that the exchange adds on withdrawal fees instead of taking it away from the withdrawal total.

But their response was indeed pretty BS. It wasn't even related to anything you asked i think.
1049  Economy / Goods / Re: [WTS] Private Beach Villa in Bahamas, Paradise! Short term vacations as well! on: August 09, 2017, 10:02:43 AM
Wow, this looks like a pretty nice place.

Sorry for being paranoid but, how do i know that this place is trusted?

I mean this is a private island, and there isn't really an emergency service around. I probably can't get police or anything like that. If the captain or driver, or even the owner of the island was ill-minded then it would be easy for them to kidnap me and nobody would really notice, and ask for a ransom etc.

This is just some wild concern that i have, i know it's probably not going to happen, but still.

BTW i just noticed a huge surge in houses and places in general for sale for bitcoin. I guess this just proves that bitcoin is growing more mature.
1050  Economy / Exchanges / Re: Bitfinex BCC confirmations - issue? on: August 06, 2017, 09:34:31 AM
well thanks to that I've lost quite a few thousands usd because of exchange rate went down during this "uncorfirmed" period, so maybe they are trusted exchange but this was not handled well at all.
They can be thankfull that noone is suiing them yet cos lost of money due to unacceptable delays ... and no support!

We as a customers cannot let exchanges do whaetever they want to do with our assets, no way.

Ah, I misunderstood then. I thought that the deposit credited to you on the 20th confirmation, it's just that the number of confirmations were lagging behind a little bit. But what really happened was that you contacted them and only then did they credit you with the amount, is that right?

In that case, they really should refund you the difference. However i'm pretty sure that the terms and conditions that they have made that everyone has to agree to before they sign up states that they won't be liable for any losses incurred like this.

So even if you file a lawsuit they always can refer you to the no liability clause.

This definitely classifies as shady behaviour though, there could be a possibility that they want to keep the value of BCC artificially high for whatever reasons.
1051  Economy / Exchanges / Re: Bitfinex BCC confirmations - issue? on: August 06, 2017, 08:33:23 AM
update: sorted

i've sent another ticket to the helpdesk, but with some lawsuit steps against them in case it will not be sorted immediatelly.
And in 20mins it was processed .....



Well i really don't see the threats with lawsuits and all that was necessary to get your coin back because Bitfinex is quite a trustworthy exchange in my opinion. they've been hacked and all but have repaid their customers eventually.

Anyways, you got your money back in the end which is good. Can't complain more about that.

Sometimes the amount of confirmations that a transaction has especially on a new altcoin chaain can be inaccurate and not always updating in real time. Bitfinex isn't the only exchange that has this problem, Bittrex and poloniex both have it as well.

However a 12 block difference is unacceptable...
1052  Bitcoin / Bitcoin Discussion / Re: Bitcoin: A Hedge Against The $152 Trillion Ponzi Debt Bubble on: August 06, 2017, 07:41:44 AM
Bitcoin: A Hedge Against The $152 Trillion Ponzi Debt Bubble

Article: https://cryptohustle.com/bitcoin-a-hedge-against-the-152-trillion-ponzi-debt-bubble

Global fiat issuance of currencies in the form of banknotes as well as credit has been devaluing the wealth of cash savings, fixed incomes, and paychecks.

Excerpt from article:
...
"...According to Bill Gross, a billionaire bond manager, Bitcoin has the potential to counter central banks.

Many people within the legacy system are critical of negative interest rates and quantitative easing, yet the fundamental problems are rooted at a much deeper level. The entire economic credit structure operates like a convoluted Ponzi scheme, and requires an overhaul from the ground up. 
The Fractional Reserve Ponzi Scheme

The history of banking goes all the way back to goldsmiths who issued out receipts for physical gold stored in their vaults. The gold was kept secure and the receipts were traded as the first paper notes.
..."
[continues on]

Lol i thought it was Bill Gates for a sec, and i was like wow the #1 richest man in the world is actively supporting bitcoin! I was so happy for a second, lol. (Just for the record, Bill Gates does seem to support bitcoin or at least say positive things about it. It's just that he does not actively do so).

Anyways, the article is completely right. I don't think that people realise how dangerous central banks can really be. Just take a look at zimbabwe and Venezuela, two very recent examples. We're not even in the 20th century, this is 21st century stuff. Both countries looked healthy before their hyperinflation began to overtake the entire economy. Things can happen so quickly. But people who live in a country that currently has good economic standards seem to not care about a decentralized movement or currency because they think that it's enough to have fiat.

It obviously can't be farther from the truth. But really, dumb people can hold their fiats all they want. I'll just keep buying bitcoin and hold it for the long term.
1053  Bitcoin / Bitcoin Discussion / Re: Forks just encourages holders before the fork to keep bitcoins on exchanges on: August 06, 2017, 07:21:54 AM
Instead of keeping them in cold storage/private wallets because they get to dump the free coins earlier at the best price. Otherwise holders in private wallets will encounter many delays that will result in dumping the free coins for pennies/free.

I read everyone saying keep bitcoins in private wallets instead of exchanges as exchanges are riskier but when it comes to forks the exchanges are at a speed advantage.

What can be done in the future to prevent this and make it fair?

The thing is that people are actually taking a huge risk if they decided to keep their bitcoin on an exchange, in case of a hard fork like this one. So many things can go wrong and in the end, the person storing the bitcoins might get nothing in return for taking the risk.

For instance, Xapo is deciding to credit their customers account but when they are going to do it is completely unclear.

An exchange could potentially do something similar, promising to have accounts credited by 2nd August for instance but not crediting until the 10th. Or, the orderbooks could be empty and you can't withdraw your token.

Plus, making profit isn't the point of forks anyways, or at least the main end-goal. And we can't control people from making useless altcoins because that's just impossible.
1054  Economy / Web Wallets / Re: Xapo kicked out because of twice wrong ID verification on: August 06, 2017, 07:18:41 AM
I'm been kicked out of XAPO because of two times trying wrong ID verification.
I may be glad I do not have bitcoins there yet.

What can i do?


Did they suspend your account temporarily or are you just kicked out of there forever? They have an above average support team based on my experience so i think if you haggle with them you could potentially get another chance at getting your docs verified.

However, how can you submit the wrong ID verification two times? Are you impersonating someone?

Xapo isn't doing anything wrong in this case, in my opinion. This is a legitimate concern for the prevention of potential fraudulent activity that could stem from the account getting verified.

What you can do? If you really want a Xapo account, then try to convince support to give you one extra chance. Otherwise just use another service.
1055  Economy / Exchanges / Re: Poloniex, Bitfinex, Bittrex... completely full of problems on: August 06, 2017, 06:52:17 AM
When I see the Exchanges section in the Service Discussion every day, there's no single day I don't see a complaint against one of these exchanges.

Now, I understand that every company with a rather big amount of users is going to have complaints.

However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.

Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?

Even if that's the reason, they have no reason not to hire more people and get better servers.

I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".

To be honest i don't really see any complaints against bittrex and bitfinex. The majority of complaints is basically poloniex alone.

But I agree - a lot of exchanges seem to have accounts being suspended and no customer support all the time. And when you compare these exchanges to dice sites you'll quickly realise that even though dice sites are unregulated, they run a lot more seamlessly and admin is a lot more responsive.

I think the fact that exchange admins aren't directly dealing with users is a big issue. Dice site admins are actually actively monitoring and participating in community, whilst we don't even know who the admin of an exchange is half of the time.

It's got nothing to do with big numbers of users. It's everything to do with the amount of effort an admin is willing to put in to make sure everything is going alright, and it's very small in many exchanges.
1056  Economy / Securities / Re: [Cryptomerian.com] Cryptomerian Investment Private Crypto-Fund on: August 06, 2017, 06:36:35 AM
This seems like a great investment opportunity. I'm interested in investing in gambling sites for a while now, but i feel like every time i invest something i always become really impatient and just blow the investment on gambling.

Could i ask, is there any sort of way that i can sell these funds outside of the actual site? Or is the site the only exchange that lists these shares at the moment? Also, are there any sort of commission that you guys get on investor profits? If so, how much?

I'm loving the dashboard, btw. Looks professional and i like that i can keep track of my CS shares.

BTW, is there any way that i am able to pool my funds alongside investors in a single sector instead of all of the sectors Cryptomerian is investing in? E.g. ICOs only or bankrolling only. Thanks again!
1057  Economy / Economics / Re: What must happen so that cryptocurrencies are less volatile? on: August 05, 2017, 10:43:07 AM
What would it take?

Does the volatility settle if certain amount of merchants accept payments in crypto? Or should there be more people that would get paid in crypto? OR should there be a cryptoeconomy where people and businesses get income in crypto and spent the crypto?

Furthermore, could the volatility be even solved? I mean of more and more people are getting into Bitcoin, when would such demand cycle cool down?

I would like to know the economics behind it.

Short term stability is not everything. If you really wanted stability then you could just use fiat currencies, but they are only stable in the short run. In the long term they are going to crash in value, guaranteed 100%. Bitcoin is volatile in the short term but it is actually predictable in the long term.

Yes, volatility can be solved. Simple solution is exactly what you said in the OP - more merchants accepting it. But they can't accept bitcoin as just a payment processor. Tehy need to actually ACCEPT bitcoin. Like not through Bitpay, but it goes straight to their wallet, and their price doesn't change when bitcoin price fluctuates. When this is achieved then bitcoin will become stable, naturally. You don't need no central bank for this to work.

Plus, a lot of people only trade cryptocurrencies and hold it because it is so volatile. It's become a part of what cryptos are, in my opinion. Without it a lot of people would actually leave the crypto scene because a lot of traders use it as a hedge against safer investments so that they do not miss out on huge profits on a daily basis, if there was to be an opportunity for trade.
1058  Economy / Economics / Re: Trading Bitcoin for real estate? on: August 05, 2017, 10:30:14 AM
I am wondering how many of you are selling your bitcoins to buy something solid like real estate as backup investment? spread the eggs!

Yes, the idea is that you should always diversify. However i don't really think that real estate is a good investment at this moment because as a lot of people have said in this thread, real estate is a bubble in a lot of countries.

I mean sure, you could buy some housing ETFs but just don't put too much in it. The idea is to diversify, not to bet on the real estate market alone.

If i were you though i would definitely pass on the idea of investing in real estate for something else. For example, commodities, altcoins, precious metals, insurance, etc. etc. Bitcoin is a great investment, but that doesn't mean that it's bulletproof.

Just don't forget what happened in 2008.
1059  Bitcoin / Bitcoin Discussion / Re: 2017-08-01 Coinbase/GDAX Biggest Crypto Fraud in history? on: August 03, 2017, 10:14:28 AM
so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?


Fraud implies a wrongful or criminal deception intended to result in financial or personal gain. Coinbase not only let the people who use them know that they would not be supporting BCC, but they did so as soon as they were aware of the fork.

Coinbase had notices and a huge banner over their Overview for days that told everyone that they would not be supporting BCC and even warned about delays to support all the movement of BTC from the wallets to other places. It would be an interesting twist to accuse them of robbery or fraud of they made everyone aware of this fact well before the fork. If they had not notified anyone, and then after the 1st or later then told those who used their wallet of the fact that they were not going to support BCC then yes it would have been fraudulent and a huge fiasco.

Granted, if a person was not paying attention, had their head in the sand and did not log into Coinbase for the last week then i can see how they might feel robbed. How is this Coinbase intentionally screwing them though? I don't believe it is. I can only imagine that there are people that were ignorant enough to not monitor their investments and got caught with their hand in the cookie jar, but this is solely their fault and no one else.
1060  Bitcoin / Bitcoin Discussion / Re: Can bitcoin survive? on: August 03, 2017, 10:07:10 AM
After there is a BCC can the bitcoin survive or bitcoin will be much more up the price after this
What do you think about this?

Bitcoin could do anything, the value has moved from $900 to 3 times that in less than 6 months. The fork and BCC being created may have an impact, but it will not be the end of BTC.

The fact is that the market is flooded with all kinds of cryptocurrency creations all following Bitcoin, and even more so once bitcoin started to grow in value. The fork and BCC coming into the picture is more like an earthworm being cut in two and then growing into two separate organisms, both came from BTC. BTC will continue on and BCC will have a life of its own. Will it impact BTC some? Yes it probably will, but with BTC being so volatile to begin with there is not much you can do to identify if the price changes due to BCC or just because.
I think that BCC was created to extend the life, or availability, of available blocks to be farmed and created more of a market for one or both after the fact. Just the fact that so many people are thinking about "what's going to happen?", and the press that the fork has created will only impact in a positive way. BTC is not going to die. If it does than it is not due to BCC its because the entire cryptocurrency market has collapsed and nothing will be left standing.
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