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10421  Economy / Service Discussion / Re: Beat CoinMarketCap on: April 02, 2020, 08:13:53 AM
There is a thread here that says Binance wants to buy Coinmarketcap for $400 million, it' a jackpot deal for Coinmarketcap it';s not really that expensive to set up a site like Coinmarketcap and all they have to do is to allocate funds for marketing and they can even beat Coinmarketcap and all the other with their marketing.

it IS expensive to reach coinmarketcap status. and they are currently earning a lot of money from their popularity from the advertisements they post on their website to all the ICO scams they endorsed and all the control they have on which coins be on their arbitrary list of coins.
i am skeptical about the number you reported here but it makes sense that Binance is trying to increase their influence on the altcoin market more. they have been centralizing things for a long time now.
10422  Bitcoin / Bitcoin Discussion / Re: Gender in blockchain. on: April 02, 2020, 07:52:49 AM
this discussion is silly because you can't even give statistics on something you can not measure. on blockchain all you see is transactions and they don't even have any link to the identity of the sender/receiver let alone to their gender. so whenever someone releases a stats like x% of bitcoin users are male they are releasing the stats of users of some centralized service like users of coinbase which does not reflect on the entire users of bitcoin. for all you know 90% of bitcoin users are female and from the remaining 10% all of them use centralized services so they show up in stats!
10423  Bitcoin / Bitcoin Discussion / Re: Is it possible in may that a block of BTC will be mined for longer than 10min? on: April 02, 2020, 06:40:36 AM
the thing about hashrate is that we really have no way of measuring it accurately. all the data and charts that you see on different websites is a big estimation with a lot of room for error. we have seen multiple times that they even report outright wrong values.
as an example over the past week we saw them report a big drop in hashrate while today they are reporting pretty much the same hashrate as before (~108 E) while price is still 40% lower than it was before!
10424  Bitcoin / Bitcoin Discussion / Re: Bitcoin revolution on: April 02, 2020, 06:18:13 AM
That doesn't make sense. I read on that article that says we only need to use $250 for the investment, and we can earn $1000? It sounds good to be true because I don't believe that way can really give you a big profit. Even if they say that their software is automated trading software, still they cannot know how the market will move. But that will attract a new investor who doesn't have enough information about investing in bitcoin because they will think that is a legit way to make a big profit in a short time. I hope people out there don't feel like that because there is no shortcut to making a big profit, and we need to try step by step.

the problem is that so  many people have entered the cryptocurrency scene because they were promised to make a shit-ton of money in a short amount of time with no efforts. they are usually referred to bitcoin price change over the years and try to convince them that magical money is growing on trees over here.
so the result is a lot of newbies with wrong expectations who will believe a $1000/day profit with $250 investment with zero efforts.
10425  Bitcoin / Bitcoin Technical Support / Re: [MAR 2020] Fees are low, use this opportunity to Consolidate your small inputs! on: April 02, 2020, 06:06:48 AM
it can help to propagate your transaction into a different series of nodes if it didn't reach a certain pool though...

you can't really affect the propagation of the transaction though. you can only broadcast the tx and hope that the receiving nodes do the rest by sending it to each other. if there were something wrong (like having lower fees than their minrelaytxfee variable) then it won't propagate no matter how many nodes you send it to.
10426  Bitcoin / Bitcoin Discussion / Re: What if BTC never reaches all time high? on: April 01, 2020, 06:51:13 AM
it would be a great day because you will finally realize that bitcoin is not defined by its price but by the utility that it provides as a decentralized payment system.
10427  Economy / Speculation / Re: COVID-19 - The major reason for the current fall of Bitcoin on: April 01, 2020, 06:48:27 AM

the severity of that tokens' scam and its effects on the market has been greatly exaggerated, like always. not to mention that at any time there is usually some token scamming, some elaborate scheme emptying gullible people's pockets, some exchange being hacked,... and none of them really influence bitcoin price. but the news sites always love to link the two together as much as they can.
10428  Economy / Speculation / Re: How do miners affect the price of Bitcoin? on: April 01, 2020, 06:14:52 AM
you are confusing two different things: 1) affecting the price 2) setting the base price (ie. controlling it).

the first one is possible and the second is not. anybody can affect the price, even you. if you buy or sell bitcoin you are affecting the price. the degree of that effect is different though. miners do affect the price as they are also a part of the market and they do sell the coins they "earn" on the market whether on exchanges or elsewhere. but they are not a big enough part of the market to be able to control the price and dictate what the base price is.
in fact nowadays thanks to the bigger size of the market and distribution of the volume among multiple exchanges (as oppose to one exchange having >85% of the volume back in 2013) it is not possible to dictate anything although manipulation is still possible.
10429  Other / Beginners & Help / Re: How to secure crypto wallets on: April 01, 2020, 06:03:45 AM
Regarding 2fa, for each new creation, don't forget to save the approval code or screenshot to make it easier to move or add to the device.

taking screenshots or basically any form of digital copy of your secrets such as 2FA secret, passwords, private keys,... is a fatal flaw. you should always try to make a physical backup from these things that would be writing down your 2FA secret on a piece of paper instead.
10430  Bitcoin / Bitcoin Discussion / Re: Question about Private Keys on: April 01, 2020, 05:24:53 AM
Edit: It seems that many of you are not familiar with that there are people who brute forces private key,
As a brute forcer how long did it take you to find your first private key balance?

you are wrong, nobody has ever tried brute forcing private keys because it is impossible to do. however, these are the things people do:
1. some people who don't understand how things work start wasting their time searching for the needle in the haystack.
2. those who are solving some sort of puzzle like the recent one posted by a new exchange, or the one which someone put small amounts of money in keys in small ranges like between 2^0 and 2^1 then between 2^1 and 2^2 and so on.
3. those who are trying to exploit some vulnerability in an implementation with broken RNG and things like that. these are rare cases and the number of exploiters isn't that high.
4. those who have lost their own keys like having a damaged paper wallet, a corrupted wallet file, losing one or two words from their own mnemonic, lost parts of their encryption password. they can use "brute forcers" in which case the time it takes and possibility of success depends on what they lost and how much of it they remember.
10431  Other / Meta / Re: [April Fools] This better not be what I think it is... on: April 01, 2020, 04:21:59 AM
I'd rather stay prevented with my nose mask

i thought it was just a mistake but it seems like "nose mask" is actually a thing! they are actually selling these things. i wonder what they protect you from though Cheesy


10432  Bitcoin / Bitcoin Discussion / Re: 991.3062 BTC transfer on: March 31, 2020, 03:10:18 PM
Follow this account ---> https://twitter.com/whale_alert, It gives you a lot of information about the BTC movements and in view of the data that is presented through this site, the transfer of this amount is normal and therefore it will not constitute a major change in the scale of supply/demand a change that makes the price change in a significant way.

Also, I think we've reached enough market cap to make the  1,000 BTC move ineffective. It is difficult for one person to make a real change in the price.

one stupid thing about whale alert is that they link anything to "whales" and then make people think they are moving coins to sell on exchanges. they ignore the fact that you can't even sell that much on an exchange! have you ever tried withdrawing large amounts of money from a bitcoin exchange? with $6 million you could probably be raided by swat teams Wink
10433  Bitcoin / Bitcoin Discussion / Re: Fiat money's richest vs Bitcoin's richest on: March 31, 2020, 08:09:34 AM
this is a very wrong comparison to make.
the first group (world's richest) is taking into consideration all the assets of that person and the final result is the total sum of them which could also contain bitcoin and most probably does.
the second group (bitcoin richlist) is not individuals and it is not the total networth (sum of all assets!) so you are basically comparing apples and oranges.
additionally the bitcoin richlist's top ranks is mainly services that are holding other people's bitcoins. so if you wanted to compare the two lists you must include banks in the first list since banks are essentially what the top richlist (like exchanges) are.
10434  Economy / Trading Discussion / Re: TRADING BOTS: WHERE AND HOW on: March 31, 2020, 06:54:20 AM
what do you mean by "rally"? a rally that happens so fast that you can not catch it and if you do you end up losing money is NOT A RALLY it is called a pump and dump and no trading bot can help you make profit from a pump and dump since they are not predictable and depend on the strength of the pumpers, the level of attention newbies give that pump, the hype that started the pump, the amount of money the pumpers are willing to waste on the shitcoin, and a lot more.

i suggest rethinking your trading strategies first and try to figure out what you are doing wrong before thinking about using a bot to solve an issue that can not be solved.
10435  Economy / Trading Discussion / Re: What do you think about Arbitrage trading... on: March 31, 2020, 06:03:59 AM
arbitrage trading is just a trading strategy like any other strategy if anybody is spreading misinformation about this method, it is not specific to arbitrage. misinformation has been a serious issue forever specially when it comes to trading and when money is involved. good news is that i have seen this only from trading bot advertisers and they are already shady on their own.
people have to educate themselves about the market in general and all the trading strategies they plan to use before jumping in.

Arbitrage best way how to get profit
quite the opposite. Arbitrage trading is the worst strategy for making profit. it is highly risky and it requires an extremely low latency. on top of that you would be relying on the exchange(s) you use to be 100% reliable which they never are.
10436  Bitcoin / Bitcoin Discussion / Re: Impact of Covid on: March 31, 2020, 04:42:35 AM
nobody could predict how bitcoin reacts to a worldwide economy crash and we still can't. but one thing has always been clear that bitcoin is never directly affected by any of the things that go on in the world such as the viral pandemics. the fact that price dropped is more about panics and market manipulation which could not have been predicted or prevented.

i don't like calling bitcoin an "asset" let another a "safe-haven asset"! bitcoin is a secure and unique alternative to the centralized fiat system. and that is one of the main reasons why we never see bitcoin follow any other markets movements. and also that is what gives bitcoin all its potential in the long term.
10437  Other / Beginners & Help / Re: How to get public and private key ? on: March 31, 2020, 04:26:17 AM
About Public key and private key, can hackers steal private key from public key? I am noob so please forgive me if  my question is stupid.

no they can't. the process that derives a public key from a private key is a mathematically irreversible process that only works in one direction (from private to public key).

to see it in action you can look at bitcoin's blockchain, each translation that has signature also has the public key in it and nobody has ever been able to reverse it as long as the private key was randomly selected. you can also look at the website SSL certificates when you visit a site with https, they usually also use the same cryptography scheme with their certificate being a public key.
10438  Bitcoin / Electrum / Re: Very Large HD Wallet Indexes Used - How to recover funds? on: March 31, 2020, 04:13:38 AM
the "gap" variable is the number of keys it creates so for example when you set it to 1000 it will create 1000 addresses and if it is 1 billion, ... which is why it freezes. if you only have 1 address at each such indexes then you should write a small script that generates them for you. all you have to do is extract your extended private key (xprv) which is also found in your wallet file and then use any bitcoin library that has a BIP32 class. any method in that  class must take an index variable, then write a loop to go through your list of indexes.
10439  Economy / Speculation / Re: Bitcoin dominance hits 71.2%, alts lagging behind on: March 30, 2020, 09:57:01 AM
shitcoin BSV's halvening is projected to happen in about 13 days & 3.5 hours

I hope people would not fall for the hype again, I think the timing is really bad so I will not expect that one day I'll wake up seeing BSV pumping over 100%. Not at this time that the market is struggling, bitcoin will remain the King and hopefully the hype for BSV will die soon.

only newbies fall for the "hype" and they lose money all the time. not to mention that they don't shape up that big a percentage of the market. what the rest (day traders) care about is their profit and they only get involved if shitcoins start being pumped.
considering the fact that BSV has a small market and it is completely centralized with owners that rely on the price to be pumped if they want to stay relevant and not get 51% attack due to lack of hashrate they will try to pump it.
which is why i don't think BSV would die anytime soon because pump and dump shitcoins are the love of day traders.
10440  Other / Beginners & Help / Re: Sell Goods for Bitcoin on: March 30, 2020, 09:41:15 AM
Yeah, it is called EBAY, or CRAIGSLIST  Grin Grin Grin Grin    After you sell your goods there, you can take your US Dollars and buy as much BitCoin as you want.

Only a TOTAL FOOL , complete idiot, or moron would go to a very small market, where it takes longer to sell goods, sell good for less, just because you insist on direct payment in BitCoin.

i can't tell if you are just trolling or too naive.
buying bitcoin is harder than selling goods for bitcoin when you want to easily acquire bitcoin. it takes a lot of jumps through a lot of hoops before you can sign up on a risky exchange that can either scam you or close your account for whatever reason they want.
- then you have to pay a lot of fees to transfer your fiat to exchange bank account and risk your bank closing your account,
- then pay another fee to exchange that fiat to bitcoin
- then pay another fee to withdraw that bitcoin from your account to a wallet

in comparison all selling goods directly to bitcoin is super easy since it has no middle men, no additional fees and more importantly no risks of the middle man (aka banks and exchanges) scamming you.
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