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1121  Bitcoin / Press / Re: [2019-08-02] Bitcoin.com to Launch an Exchange on: August 03, 2019, 02:18:33 PM
Funny is that Roger Ver is no longer the CEO of Bitchcoin.com; https://www.ccn.com/roger-ver-bitcoin-ceo/

I think it's more an attempt to manipulate prices, especially after how OKEx more or less backed BSV and this shitcoin is being pumped heavily over there. It comes too close and is just one doubling away from a near equal market cap, and thus hashrate.

Also don't forget that Roger Ver in 2013 claimed that MtGox was a healthy exchange and that the problems they had were caused by the traditional banking system (video can be seen in above link). Obviously, it turned out to be one big scam.
1122  Economy / Web Wallets / Re: Beware: Blockchain.info phishing email on: August 03, 2019, 12:35:25 PM
Just giving you a heads-up guys, if you received such email, don't give such informations and check where the email come from.

It's useful to also report the domain used for this phishing attack to both Blockchain and the site they registered their domain at. If enough people report it, the account behind these domain and probably a lot more domains should be terminated because this is definitely in conflict with their TOS and highly illegal by law.

It is recommended that you use a new email address for every (non garbage) service. People tend to use one single email address for a wide variety of services where just one database hack is enough to fill up your mailbox with phishing mails and who knows what else. Poor newbies.  Lips sealed
1123  Economy / Exchanges / Re: Middle-East gets the first licensed crypto exchange on: August 03, 2019, 11:55:47 AM
OmegaStarScream put forth a good argument, I don't know how it is going to be in North Africa though, very unstable government in that region, but we will see how bitcoin or crypto in general will break that barriers in the next coming years.

Well, we don't really have anything to lose but a lot to gain. In the end, mostly it just requires an event like this to trigger a lot of innovation in a region that by nature is very conservative. This might be the trigger they needed to actually build something of value. The liquidity that will become available might be peanuts for western standards, but there it's one heck of an achievement.

I can only welcome this form of adoption. Over-regulating industries or banning something that brings innovation is similar to shooting yourself in the foot, so this is an unexpected surprise. North African countries are the ones that are in need of innovation and economical growth the most, and this is the easiest way to go.
1124  Economy / Trading Discussion / Re: How Do Price trackers Help You Make a Trading Decision? on: August 02, 2019, 11:11:32 PM
Quote from: kidis
many traders don't use price trackers such as CMC and go directly to the exchanges where they prefer to trade.
I never heard any traders who don't use price tracker I think almost all traders are using price tracker except for believers who believe in the specific coin. They are directly buying it on exchanges as their own investment and believe to get rich instantly.

He's not saying that traders aren't using price trackers. He is saying that traders don't use CMC as price tracker but go directly to the exchange they use, which makes perfect sense.

It makes zero sense for anyone to use CMC as price tracker because it's 1) delayed mostly, 2) is a combination of multiple exchange prices, and 3) tends to be inaccurate due to API connection errors. CMC is just an easy way to get an overall view of how the market as a whole performs, which is how I use it. The other feature I use is the historical snapshot feature that allows me to see what the prices and market caps were years ago.

In a nutshell, using tradingview provides way more utility and seems to be the most popular price tracking/charting source.
1125  Bitcoin / Press / Re: [2019-08-02] Square’s Cash App Doubles Its Bitcoin-Generated Revenues on: August 02, 2019, 09:50:38 PM
It's getting very interesting with how these services slowly but surely absorb a decent chunk of Bitcoin on a monthly basis. If you put that against the lower inflation next year, and the demand for Bitcoin that keeps growing, there is one way for the price to move, and that is up. Another benefit is that CashApp is a Bitcoin only service, so no money flows into shitcoins. Wish there were more businesses like this.

The only thing that I hope to see change is the $10,000 weekly limit they currently handle. At these prices people would love to buy themselves a whole coin, but can't because of the limit. Yes, you can wait to buy next week but you then risk getting less coins for your dollars due to the price increasing.
1126  Other / Beginners & Help / Re: Cash in cold storage bitcoin on: August 02, 2019, 08:05:00 PM
If you want to be silly, sell them on a exchange, like binance or something.
Binance.com only allows you to cash out to stablecoins, which very likely isn't what OP is looking for, and not something I would recommend people to do. Binance.je allows you to cash out to actual fiat in form of EUR and GBP, but not to other fiat currencies.

Now you are set! Send the BTC to the exchange, sell it, withdraw the fiat currency to your bank.
It's probably useful to add that exchanges do require KYC, which means that you have to submit all your personal information, scans of ID, utility bills, etc. It also means that an exchange and very likely your local IRS has enough data to hold you accountable in case you do not pay your taxes, so think carefully before you verify yourself and send your coins over to cash out.

Most reputable exchanges; Coinbase, Bitstamp, Kraken and Gemini.
1127  Bitcoin / Bitcoin Discussion / Re: Pomp Vs. Peter on: August 02, 2019, 07:37:09 PM
While Bitcoin is really bad as SoV currently, most of the arguments towards Bitcoin are always focused on the present(e.g. low tps, expensive to transact, volatile), completely ignoring the potential liquidity improvement by time and the potential development that could improve the technology in general in the future.

It also comes to how the Bitcoiners phrase it. They should be saying "Bitcoin could potentially be a great global SoV in the future" than just "Bitcoin is a good SoV".

Bitcoin is not bad as store of value at all, it just depends on your own entry point, which also applies to Gold. Gold hasn't really been that much of a store of value if you measure from peak to where it is today, which is the same reason people consider Bitcoin a bad store of value today. It all depends on your entry point and how you read the charts.

Bitcoin is a bad store of value when you after whatever period of time have lost value, and then still, it's your entry point that made you lose.

In the end low transaction throughput is meaningless when you see that the high transaction throughput coins don't experience much use at all outside speculation.
1128  Economy / Speculation / Re: Bitcoin Dominance rising again. What is happening? on: August 01, 2019, 11:42:12 PM
So, as long we disagree on the premises of the reasoning (to me LTC is a all round shitcoin,for you it has validity as "Bitcoin Testbed") , we agree on the consequences (LTC is rubbish).
Well, it's a start!


I don't think there is much disagreement, because your point is valid too simply for the reason that we have a Bitcoin testnet for testing purposes, hence the name. It's just so that Charlie Lee has done a lot to make sure his coin will be the first to run certain implementations to see how they fare with mainnet use. It's a clever way to add some usefulness to Litecoin.

The major aspect that makes Litecoin valuable is its network effect. After by default listing Bitcoin and Ethereum, new exchanges are very likely to list Litecoin. It's too important as property and for that reason can't be ignored.
1129  Economy / Speculation / Re: Bitcoin Just Broke $10k on: August 01, 2019, 11:06:26 PM
I wonder on how long it shall stay on $10400.

It depends on how we will be dealing with the multitude of resistance levels we're going to face from here. The easiest way is down, but very short term speaking, this move is bullish, but I just can't see the price make it past the first lower high of ~$13,200. Best case scenario is a second lower high of ~$12,000 which will provide a good shorting opportinity.

Volumes globally are quite low, where even the CME futures are just doing like 2000 contracts worth 10,000BTC per day. This isn't something you want to see when you hope for the price to make higher highs.
1130  Economy / Service Discussion / Re: Brave, the so called "privacy" browser now requires KYC! on: August 01, 2019, 10:37:29 PM
And I suppose that one day they may ask their regular users to pass KYC...
It will happen, I am 100% certain of that. The whole idea that you are being paid out in this manner just by installing an app without filling in personal information, is something that governments don't like. They want to know who is being paid out, and then what they will be doing with their funds. Currently that's not the case and it's only a matter of time before Brave will comply.

Brave is a business. It's subject to regulations set up within the countries they operate in. They either abide or be forced to halt operations. I know what option they will choose.

I haven't used Brave browser, but I believed that's very promising project with great future. Now I have mixed feelings about it.
It's a promising project until you get to deal with the legal side of operating a business. Governments are catching up on the developments here quicker than ever before. I expect way more similar moves that will force seemingly innocent crypto businesses to comply and lose their main use case now people have to do KYC.
1131  Economy / Service Discussion / Re: GCF Forum DARKWEB on: August 01, 2019, 09:51:44 PM
@OP,if you do tend to involved yourself with Carding then better be silent and do things on your own.

Already too late, and it's better to not recommend him to do things like this on his own, but recommend to not do it at all.

OP fits in the category of dumb criminals that will eventually get their booty whooped being so nonchalant about something that isn't just illegal by law, but even in a space such as crypto being anti government it is highly frowned upon, and rightfully so. Wrong question and wrong place to ask such questions. Lips sealed

He probably also thinks that Bitcoin is super anonymous and that nobody will ever find out what he's doing.
1132  Bitcoin / Bitcoin Discussion / Re: 17,800,000 BTC already mined on: August 01, 2019, 09:34:35 PM
Fortunately for me, I registered to this forum in early 2017, when the Bitcoin prices were below $1K per coin. I purchased 0.5 BTC back then, and was able to accumulate another 0.7 BTC worth of crypto (BTC + alts) during the next 7-8 months from various bounties and airdrops. I wish I had accumulated more back then, as now the competition has become tougher.

We all look back and think that we should have bought more back in the days, but in the next 5-10 years we will say the same about today's prices. We'll be like; 'do you remember the price around $10,000? I feel so stupid for not having bought more'. Adding to your position today will help you look back happily instead of feeling like you have missed out big time.

In the end, not many people will be able to say that they own 1BTC, which you can. Bitcoin surpassed 1 ounce of Gold in terms of dollar value, and the next target is to surpass the 1KG dollar value of Gold (currently $46,450).
1133  Bitcoin / Bitcoin Discussion / Re: Pomp Vs. Peter on: August 01, 2019, 08:41:55 PM
Satoshi once said;
Quote
If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.

Pomp brought it up during the debate but clearly didn't agree with it. He wastes his time on someone that is not ever going to concede that Bitcoin has value and is a better alternative to Gold in most fields aside from where Gold's physical aspect fetches demand from various industries. Peter is doing a good job protecting his own interests. Gold bugs can be proud.

Also, stop donating your precious satoshis to this Bitcoin bear. He's just holding onto it because it will allow him to say that it sucks as a store of value because it went down.
1134  Bitcoin / Press / Re: [2019-07-11] Trump apparently knows what Bitcoin is, and he doesn’t like it on: August 01, 2019, 08:21:27 PM
I thought he had his own coin already.

https://coinmarketcap.com/currencies/trumpcoin/#charts

When I was new in crypto, I was thinking that trumpcoin is from Donald Trump because it was popular in yobit back in the past.

I'm pretty sure he doesn't know about it. I remember there was a coin called 'Coinye West' that due to legal problems with the actual artist Kanye West had to halt development after exchanges massively delisted the coin to avoid legal problems themselves. Imagine Trump doing the same here when he finds out about it and chase after Yobit and Livecoin, which according to CMC are the only exchanges having it listed.

TrumpCoin's all time high is around $0.84 while its current price is $0.026 on the aforementioned exchanges with no liquidity. I hope for Trump that his presidential career will be more fruitful than that. Cheesy
1135  Bitcoin / Press / Re: [2019-07-30] Largest Wallet Blockchain Just Launched Its First Crypto Exchange on: August 01, 2019, 08:01:09 PM
Am guessing the airdrop they had going for a couple of months was more of a marketing strategy to get more people hooked to its current and future services...

I'm not sure if it was related to this event specifically, but with how stupidly greedy people are here, giving away $20 worth of shitcoins is an easy way to turn a lot of non paying users into potentially paying users.

They conveniently made it so that you have to do KYC in order to claim the shitcoins. They said it was to prevent people from claiming the airdrop twice, which to a lower level might be true, but the main reason is to build up a fully verified user base that has done the KYC part and can buy crypto without problems and thus generate revenue. Smart business move.
1136  Economy / Economics / Re: (36%) of U.S. investors would consider buying bitcoin on: July 31, 2019, 11:52:02 PM
Btw I still didn't understand why people compare gold to bitcoin, despite the fact that they are investment options, they are far more different from each other.

It's just how Bitcoin is growing as an alternative to Gold, hence people referring to it as Gold 2.0 or digital Gold. I don't mind it at all (I refer to Bitcoin as digital Gold too) because both serve quite a similar purpose in the way that people buy it to hedge fiat and think it's a safe haven asset in times of political chaos, etc.

Gold's industrial demand is very low compared to its speculative/store of value demand. I am certain that Gold will keep increasing throughout the years, which means that its industrial demand will keep shrinking further. Gold bugs praise its industrial demand, but it's going to lose more and more in that field. Alternative metals will be used because Gold will be too expensive to use in every day electronics.
1137  Economy / Speculation / Re: Bitcoin Dominance rising again. What is happening? on: July 31, 2019, 11:19:37 PM
Long gone are the days when LTC was "silver to Bitcoin Gold" or "Testbed for Bitcoin".
Now LTC is like every other shitcoin.

I'm pretty sure Litecoin will still be a testbed for Bitcoin and for that reason enjoy some degree of popularity, but it's definitely not the 'Silver' to Bitcoin, and it never has been. It was something made up by those supporting Litecoin to make it look cooler than it actually is.

In the end, Litecoin's all time charts are ugly af. It's extremely bearish when you 5 years later dump far below your 2013 high. Solid indication that you're dealing with rubbish here.
1138  Economy / Speculation / Re: Bitcoin Inching Closer To $10,000 on: July 31, 2019, 10:37:22 PM
I know people get excited about how we went above the $10,000 level, but it's not much of a meaningful move with how the general trend is still quite bearish. The important factor is that the momentum is out of the market, which means less buyers more sellers, and much lower volumes. Sellers will use this as an opportunity to unload even more coins.

I want to see higher highs in the larger picture to actually start believing we are reversing the trend, but I don't see this happen any time soon. I'm happy to hold on to my short until that happens. My first target of low to mid $8000s is still in play, which is probably a very unpopular target in a forum filled with moon boys.
1139  Bitcoin / Press / Re: [2019-07-31] Beating Bakkt, LedgerX Is First to Launch ‘Physical’ Bitcoin Future on: July 31, 2019, 08:51:13 PM
Launching Bitcoin futures before Bakkt is pretty meaningless. Bakkt has the contacts within the institutional world and the tools necessary to make them use their platform instead of LedgerX. Institutions will more likely be drawn to a platform operated by an entity that they are familiar with, which definitely applies to ICE.

LedgerX is and very likely will remain a platform for retailers. In an interview Juthica Chou (CEO of LedgerX) said that LedgerX's average montlhy volume was between $40-$50 million, which is peantus. It will be interesting to see if they manage to boost their volumes with their newest product addition.

The good thing about more platforms offering this product is that people have a choice now. Choice is always a win for people.
1140  Bitcoin / Press / Re: [2019-07-30]Craig Wright: I don’t Worry About Government Taking over Bitcoin on: July 31, 2019, 08:18:11 PM
I'm not sure whether it's sarcasm (since government can't attempt hostile takeover to all nodes/miners easily) or he actually meant it.
I bet he'll say that he consider letting government take over Bitcoin Tongue

Craig and sarcasm don't go well together.

The way he meant it is that he doesn't worry about anyone taking it over because the Bitcoin, ahum SV protocol will be locked down. The idea is that the protocol can only be altered to fix bugs and whatnot. This whole idea is just a bunch of garbage with how Craig controls the whole protocol; without craig there is no SV and he can do with it whatever he wants, which clearly shows.

The thing however is that the SV camp is quite serious about making sure people abide by the law and develop applications on top of their shitcoin so that it will be easier for the government to collect taxes and whatnot. This is particularly funny because Craig himself was (perhaps still is) entangled in problems with the Australian tax department.
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