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11081  Economy / Economics / Re: Bitcoin is Falling...Is it Panic Time? on: July 24, 2017, 07:15:11 AM
I dont think panic is good, as you can see the price of bitcoin fall, but after a weeks it bounce back and go even higher. so for me theres no reason to be on panic because i believe that the price of bitcoin will continue rise and hope to reach $4000 this year.
It's no time for panicking right now, we have enough time to hold and the price is good as usual. And let's have some long term plans in bitcoin because there's a lot of people who are saying that the price will be good at the end of the year. Be calm and patient which the movement of bitcoin and other alt coins as well.


True. Just hold on your coins right now. No need to panic as we are smooth sailing and will eventually get a good price after Aug 1. There are a lot of speculation regarding the price, but I believed that we will reach new ATH, which means above $3000 is the projected price of bitcoin. So we need not to be nervous and just focus on earning more bitcoin because the future of bitcoin really looks bright so just stay cool and stay tune.
11082  Bitcoin / Bitcoin Discussion / Re: Negative People Eating Their Own Words on: July 24, 2017, 06:40:08 AM
That is not negativity, but rather people with hidden agendas. If you can manipulate the market by spreading negative sentiments and creating panic, people will sell their coins and the price will go down. You then pick up bargains, because you know the price will bounce back up again and you will make nice profits. ^grrrrrrrr^

These people do this with every little event that might shift the price.

As was have others are saying, bitcoin price is purely speculative. So its either a news that is positive pushing the price to new heights or negative news will pull back the price. The latter can be easily cause by a lot of people here that's spreading a undesirable information without facts just to sow panic to serve their purpose. I guess that's how it worked and still up for us to whether to follow them or not.
11083  Bitcoin / Bitcoin Discussion / Re: Negative People Eating Their Own Words on: July 24, 2017, 05:45:22 AM
Basically, there are two type of people here in the Bitcoin community. One, there are people who have a strong faith in Bitcoin and is really supporting the cryptocurrency and two are people who are always negative about Bitcoin despite its historic rise and proven resiliency. Of course, there can be people in between maybe a little bit positive and negative at the same time just content on watching what can happen on Bitcoin.

Negative news had been reigning the past many weeks until there came an assurance that split is not anymore a big possibility which resulted into Bitcoin soaring like a freed eagle into the open. The negative news gave way to a more vibrant and forward-looking market. Now, buyers and investors are back into the action.

Negative people (that is for now) have to be silent as they maybe "enjoying" eating their own words!
Those negative people may spread FUD mainly due to two reasons.Either they might be promoters of their altcoins and just want to make bitcoin investors panic and make them sell their bitcoins or they may be big whales who just try to make use of the opportunity and spread negative news about bitcoins so that they could buy bitcoins at a cheaper price.

Or they are people who are really being paid just to spread alot of lies and FUD about bitcoin. The FUD waves some somewhat died down. But rest assured that they will not be silent forever and will be back with more FUD here. Only sad thing is that newbies are really affected by those FUD that they don't think twice or maybe verified what has been said and will just immediately push the sell button.

I was one of the victims of the FUD spreading around here in the forum. I was a total noob back then that when I immediately read some posters here and check that the price is going down, I instantly made the decision to sell. Later on, regretting my actions and so that stuck in my mind not to listen and make your own better judgement before bailing out. Because for sure, you gonna regret that decision. They seems to be quiet, but come Aug 1 they will start a new wave of lies and uncertainty so I hope noobs will not fall for it. Just saying.
11084  Economy / Exchanges / Re: VirWox Down? on: July 22, 2017, 09:14:31 AM
Seems to be down again... Can anybody else access it?

It's quite slow loading but it got there eventually.

I think that virwox is often down, i've seen it down at least 3-4 times from using it for just a year. The actual number of downtimes will probably be a lot larger than 3-4 times per year, so it's a normal phenomenon.

So don't get too scared when you see it down. After all it's been one of the oldest and most trusted btc exchanges around, and even paypal hasn't shut their accounts down proving that they are legit.

Anyways, next time go to isitdownrightnow to check out the info before posting here Smiley

I did do that. Thanks for sharing your snark. Howbout I post when I please and where I please? Smiley

I was able to connect just now. Its just loads slowly initially but it will eventually load. I'm not familiar with this website though. Looks interesting, I might try and go play around with it for a few minutes and see how's things there. Thanks for sharing.
11085  Economy / Gambling discussion / Re: UFC on FOX 25: Weidman vs Gastelum Info and Prediction Thread on: July 22, 2017, 05:08:10 AM
Weidman's been on a downward spiral with the string of losses he's had recently. A far cry from the weidman we saw knocking out a cocky anderson silva a couple of years back. The thing with fighters is that it's also a mental game so i don't think weidman's recovered at all from his losses. I think he's had a good run but a lotnof fighters now have risen in this division. Though gastelum's not really right up there in the top of the division as well. If weidman loses, i think that's it for him.

Weidman used to be the poster boy for UFC/MMA ever since he beat the great Anderson Silva. But after that his career went downward spiral indeed. I don't know if its poor match making or his opponent has find chink in his armor that they have exploited resulting in his lost. He is still young and I hope he win this fight and win it in fashion like knockout to really resurrect his career otherwise its gonna be the end of the road for him.
11086  Economy / Speculation / Re: Will Bitcoin die soon? on: July 22, 2017, 04:26:30 AM
Users are increasingly making the price skyrocket, even japan and south korea officially legalize the use of bitcoin so I'm sure bitcoin can survive at least 20 more years.

Correct, bitcoin has a full backing of one of the most advanced technology country today which is Japan. So I doubt that bitcoin will suddenly go into oblivion. Now with the current price increase, how can bitcoin die again. It will not die until the last bitcoin is mined, so its still many many years from now. We should just enjoy the opportunity that bitcoin has given us. Like earning good amount of money in trading and using bitcoin as savings.
11087  Economy / Economics / Re: Could a country survive and maintain economic stability if it phased out cash? on: July 21, 2017, 01:42:03 PM
If you mean digital currencies are crypto currencies then yes it will be disaster and there will be uncontrollable inflation and deflation, crypto currencies never meant to be created as main currency in a country because it is decentralized, making crypto currency as your country main currency can cause your country being controlled by whale

So true. A government wouldn't let the crypto control  the faith of the nation. It will be a disaster if a country, how stable it is, would totally depended on crypto. One reason is the price volatility. How can a citizen do a budget for a family if the price continues to fluctuates everyday and can be manipulated by the rich and powerful. Those country would be at the mercy of those big entities which any government in the world would not want happened otherwise, a total collapse not only of their financial industry but the whole nation itself.
11088  Bitcoin / Press / [2017-07-20]The Bitcoin Mining Pools Initiates Segwit Lock-in Period on: July 21, 2017, 12:50:12 PM
The Bitcoin Network Begins Segwit Lock-in Period

At approximately 00:06:48 UTC today, July 20, at block height #476768 the bitcoin network finished the BIP91 lock in period and entered a new phase in order to activate the protocol Segregated Witness (Segwit). Now during the lock-in period, there will be another 336 blocks, until Segwit will be activated on Bitcoin’s main network.

https://news.bitcoin.com/bitcoin-mining-pools-initiate-segwit-lock-in-period/
11089  Bitcoin / Press / Re: [2017-07-21] South African Central Bank To Start Bitcoin Regulation on: July 21, 2017, 12:08:49 PM
I think Kenya have beaten South Africa to the finish line with this. They already have a vibrant Bitcoin economy with services competing with M-Pesa, called https://www.bitpesa.co/

African countries can quickly transition to Bitcoin based systems, because they have a good micro economy and high mobile telephone usage and they are already familiar with M-Pesa that were introduced to them, before Bitcoin existed. Bitcoin is just cheaper and faster. ^smile^

I hope the South African government will follow the example of the Japanese government and fully embrace Bitcoin usage and in doing this, draw new tourism potential < Bitcoin travellers > and also new business opportunities to their country.

I think South Africa is heading on that direction. We should give them a year or 2 at most and see how they will react to it. That is what I want to see, as Japan is has set a precedence, more country will follow and make this a step closer to the global adoption that all of us wants to see. We just need patience and the right timing so that other country will understand how bitcoin can be used and maximized by their citizens. Bitcoin is not a threat, it may help their citizens enjoy financial freedom.
11090  Economy / Exchanges / Re: Cashing out large amounts of bitcoins? on: July 21, 2017, 10:46:58 AM
If I were to do it I'd not only split my money between exchanges, but also accounts and banks. With that much money you're not only risking being blocked by exchanges but also by your banks. Also, I wouldn't want to get raided by the police after transferring a couple million to an account that hasn't ever seen a large transaction. I just don't feel like proving to people that I'm not a terrorist.

This is the best solution that I can think of. Even some exchanges have a withdrawal limit so I doubt you can withdraw huge amount as well. Just split the money in a exchanges and wait for another few days before making a withdrawal request again. In this method, the exchanges will not set an alarm on your account for withdrawing big amounts. If they flag your account, then definitely you will have a lot of proving to do before letting you withdraw your funds. Just be on the safe side to prevent hassles on your end.
11091  Economy / Gambling discussion / Re: Can gambling be profitable in long term ? on: July 21, 2017, 10:24:51 AM
There are two different long term type on gambling,if youre an owner of a gamblibg casino site then you will be profitable in long term,but if youre just a casual player on  a site luck must be ok your side for you to profit on it

Being an owner of a casino and a player at a casino is two totally different things. One just not setup a business without a proper team and a proper management. Being a casino owner is tough and there are a lot of hardships associated with it just like any other business. But a gambler is not even going to earn anything by simply gambling. However hard they try they will always lose in all EV- games because of the house edge.

Agreed. That is why they are called House Edge. The House always win. Whether you are a professional or a novice, its really hard to win against the house. That's why it is better to run after you have won big and never return. Because if you think that you can put the house down, you are very very wrong. I'm not saying that the house is cheating. What I'm saying is that the longer you stay and play, the more chances that you are going to lose. I think most of us, admit it or not are in the negative side in gambling, online or land based casinos.
11092  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] Target Coin - World's FIRST And ONLY Bonus Paying Crypto Fund on: July 21, 2017, 03:53:52 AM

Hey, can you double check? I'm getting 404 Page not found error. Better fix it ASAP as we might lose interested investors.

I did try to click the link that TargetCoin has given which is http://www.tgtcoins.com/ICO which is showing the error. But if you go to the main page and click ICO then everything is working as designed. I suggest you do the same so that you will be able to go to the ICO page.
11093  Economy / Exchanges / Re: Did your Exchange handle yesterdays huge price surge of ETH/BTC ? on: July 20, 2017, 03:45:00 AM
Kraken was dead yesterday during the surge.

I am still collecting recommendations which exchange to move to. Some people mentioned Bitfinex, but I don't who uses that?!?. They currently do not process fiat withdraws (don't know about deposits ), were apparently based in Taiwan for their banking and having problems sending money out of it. How does an exchange fund if it can't receive deposits ? Don't liking it all.

I don't like Poloniex either for their USDT not sure I want to be in that at all.  As far as I know USDT is a coin tied to USD.. but I want pure fiat not another coin.

With Kraken unreliable during yesterday's surge, not sure where to go.

Kraken was really a pain in the butt lately. And now they are saying that Last Quarter was 10x previous high as per their CEO. Maybe this is one of  the reason why Kraken has so many issues. But they should resolved them ASAP otherwise their customer will just turn away and look for alternatives.

And as per OmegaStarScream BTC-E, Bitstamp, GDAX and Gemini are good choices. I'm more incline to try GDAX an Gemini in the days to come. Right after Aug 1. When everything is settled down.
11094  Economy / Gambling discussion / Re: How to control greed on gambling? on: July 20, 2017, 03:28:47 AM
There is no easy way, you need a strong personality, capable of resisting temptation and desire to play more or again. You can also reduce the risk by doing regular withdrawals and committing yourself to not gamble anything withdrawn, of course, this as well require a strong personality.

Having a strong personality doesn't help anyone from the addictive experience in gambling. Having a strong personality will just help you to become a good individual in your society, but not in your gambling activities. What you need is a strong drive to stop yourself even if you know that you will be winning more.

Strong personality has nothing to do with stopping your addiction. I think it will add fuel more to your gambling addict if you have strong personality. Because you can't accept defeat if you have that kind of personality. So what will happen is that if you lose you will tend to go back because its not correct for you to be defeated as a person. So you will go back again and try to win back. And as a result you don't know that you are becoming addicted to it and greediness sets in.
11095  Bitcoin / Press / [2017-07-19]Predicting the August 1 Split Flow Chart the Hard Way on: July 20, 2017, 03:03:07 AM
Predicting the August 1 Split Flow Chart the Hard Way


Below is a detailed flow chart graphic that depicts the possible outcomes to the upcoming scaling proposals that may be implemented in the near future. We hope to help our readers get a better understanding of what’s going on with these specific Bitcoin network developments.   

A Visual Flow Chart Depicting the Possible Outcomes of Bitcoin Proposals That Might be Implemented

Over the next few weeks, the Bitcoin network and its participants may see some scaling proposals implemented to the protocol and the subject can be confusing. Right now there are multiple scenarios between three possible plans that include a user-activated soft fork (UASF), Segwit2x, and a user-activated hard fork (UAHF). We’ve done a run down of each proposal, community sentiment, and possible outcomes in recent articles to give our readers some information on the topics.

We want to take it a bit further and give our readers a visual glimpse at the possible outcomes of Segwit2x, UASF, UAHF, all the Bitcoin Improvement Proposals (BIP) involved, signaling periods, and a timeline of dates and requirements. Bitcoin.com would like to also thank our friends Hampus Sjöberg, Eric Wall, and Tomislav Dugandzic for allowing us to use the initial template for this flow chart.

https://news.bitcoin.com/predicting-the-august-1-split-flow-chart-the-hard-way/
11096  Economy / Economics / Re: crypto is the future, make money of it on: July 20, 2017, 01:58:29 AM
I assume it´s the future and we still are in present. So even now with BTC prices in the thousands we can consider ourselves early adopters and this market can only grow in the future. So make money of it.

Smart comment, yes we can still consider ourselves as one of those early adopters. Today is one of the golden age of bitcoin as the upcoming years are going to be a big bump for the crypto currency market because the price of bitcoin is going to increase for sure and we can't do stop it because it's destined to happen.

We should be greatful that we got thechance to know it before it became really trendy . We can get a lot of opportunities in the future if everwecan save much at rhis time, it will surely boom. So keep saving and holding until then.

Indeed. We are lucky that we have discovered bitcoin as early as today. Because in the future, when bitcoin will become the buzz, we can tell them that hey I'm already with bitcoin ahead of you guys. And specially if the price of bitcoin hike like $10000, maybe some of us will become a millionaire. Not instant because it will take years for us to save or store bitcoin to really profit big. But at least we are ahead of the game.
11097  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH becoming the biggest leading cryptocurrency, Bitcoin has no future. on: July 20, 2017, 01:30:07 AM
Vitalik was reported to be dead, but found alive, ETH price dip.
Vitalik claims that there is Vitalik fake out there and scamming people. ETH price dip.
All the hype they created to push the price of ETH but didn't happened.
ETH will replaced bitcoin. But the so-called flippening didn't happened.

So how can ETH replaced bitcoin as the biggest leading crypto again?

11098  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: July 20, 2017, 12:53:01 AM
I don't agree on it being the biggest fight, I could think of a huge list of bigger fights between actual opponents rather than this WWE like game, How can a MMA fighter do a boxing match with someone who is so good at Boxing? This match is an offense to boxing and just proves how anything can happen for money/

I consider this as the biggest fight on our time.

And right now they are completely full force on promoting their fight. I don't know if their moves on stage are just scripted.

It's part of the business.
Whatever it is we already know this fight happens because of money and it could be a scripted fight just to entertain tha fans but I hope it will really happen because I would love to see for the first time an entertaining fight of mayweather.

This is what I've been thinking all the time, everything was staged.

And I'm basing on how they are acting when they are infront of the people during their presscon.

But this is exciting because they are making some noise.
I also believe this was staged. This is like Pacquiao vs Mayweather all over again.
Similar to the pacquiao vs mayweather, they had plenty of drama before they agreed to a fight.
Now this is happening again, and it seems like it is just another one of those mega hyped fights that may not live to expectations.

I don't believed its stage. Those two athletes have big ego's between them. I think the acting was more to do to hype the fight even more. Again, it will break all PPV records and those to two, especially McGregor will he rich as f**k. Maybe we will be disappointed on how the fight goes, but for me its not stage.
11099  Bitcoin / Press / Re: [2017-07-18]Bitcoin, Ethereum Bounce Back Hard To Reach $2,400 and $240 on: July 19, 2017, 11:37:46 PM
Do people really think bitcoin will end after Aug 1? I think it will rise and that's why people who selling now at low prices will regret doing it.

Problem here is that people are infecting each other with non/false information. It has gone so far, that people let their pee go as soon as they think about everything that may or may not happen at the first of August. Let them sell as much as they want, because one thing is sure, they WILL buy back at far higher levels. They start with 1 BTC for example, and due to the selling at lower levels, and buying back at higher levels, they end up with 0.5 BTC. It's capital destruction, but they don't realize it yet.... Smart people get wealthier and wealthier, while idiots only see their wealth constantly shrink.
good point if those dumpers only realized it much earlier i think the value won't go down up to this limits they been tricked by the bag holders which
just shaking the market and make many fuds to scares investors perhaps we just needed to act wisely before making any decision watching the dump
with an open mind knowing that bounce back will happen next will let us safe in any harm of the whales.

Exactly and the most that have done that is those people that just went to bitcoin trading and think that they will gain a huge profit easily. Later realizing that it was not meant to be so they can choose to sell it without thinking that they are in the losing end of it. That's why we always heard that the 'weak hands are shaken' adage. Speculation FUD waves and the market reacts. Simply as that.
11100  Economy / Exchanges / Re: Should I fully drain out my BTC from Coinbase for Aug/1? on: July 19, 2017, 09:23:08 PM
I entered in world of blockchain a month ago, my holder is coinbase?
Will it hold both splits of BTC or should I go for personal ledger?

The best solution to your problem is to move your funds to a wallet that you have control over the private keys.

https://bitcointalk.org/index.php?topic=2017191.0

As per Theymos,

A very short summary of what you need to do:

1. Ensure that you have no BTC deposited with a Bitcoin bank or other trusted third-party before Aug 1. If there's no technical way for you to export the private keys for your BTC, then that BTC is at risk. Some Bitcoin banks may assure you that they'll definitely keep your BTC safe, but I absolutely wouldn't trust them.
2. Do not send transactions or trust received transactions starting 12 hours before Aug 1 at midnight UTC, and continue this until you hear the "all clear" from several trustworthy sources. For example, I will post a forum news item if everything is OK, or if everything is not OK and action is required.

See my guide here for more a lot more detail: https://bitcointalk.org/index.php?topic=2012799.0
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