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11361  Economy / Exchanges / Re: Poloniex Or Bittrex? on: June 21, 2017, 11:10:11 AM
At this moment in time your greater concern should be down to which website actually works properly.

That being the case Bittrex is better.
11362  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2017, 11:06:35 AM
letīs look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).

letīs look at how many goods are bought with bitcoin compared to all other altcoins.

letīs look at how many merchants accept bitcoin compared to all other altcoins.

letīs look what crypto is used for cross border payments.

letīs look how many bitcoin-start-ups are existing compared to all other altcoins.

i bet in every single comparison, bitcoin dominance is still in the 80-90% area.  

I think what people aren't really paying attention to is that there are plenty of alts that aim to have nothing to do with any of those services. That being the case they can easily surpass BTC in all metrics.

The main thing that seems to worry people is that alts will take the money that they want to go on BTC instead. Maybe that money isn't interested in it in the slightest. Most of it's chasing more dollars. More dollars were delivered via alts recently.
11363  Bitcoin / Bitcoin Discussion / Re: ViaBTC's UAHF ICO Proposal on: June 21, 2017, 10:06:00 AM
So the geezer who already owns more hash power than anyone else wants to con the public into paying to mine a completely worthless chain?

I can tell if that's a double or triple piss take.
11364  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: June 21, 2017, 09:41:14 AM
We are in a new era now. ICOs are very valuable for the crypto market. ICOs are the main reason why the bull market is still sustained. We might not see a bear market at all this year if not next year either. Unfortunately more than 50% of the ICOs will fail. You've got to be too careful investing in any. I think 2018 will be the year for NEM ICOs. Perhaps all awaiting catapult.

I give ICO mania a few more weeks myself and then we'll see the collapse of the millennium. I'll probably be wrong but it's just becoming insulting to the collective intelligence now.
11365  Economy / Speculation / Re: Sell Bitcoin ahead of 1st Aug Hard Fork on: June 20, 2017, 08:34:30 PM
There won't be a split. There's a chance the price will go fucking ballistic. An actual increase in capacity has been waited for by mountains of people for years on end.

And there are no worthwhile BTC sources so I've no idea why you'd listen to them.
11366  Economy / Economics / Re: Coin market caps vs. National GDPs on: June 20, 2017, 08:19:47 PM
And what will happen to Ukraine's GDP and currency if Russia decides it's time to annex more than just Crimea?
We can speculate like that, but ultimately all fiat is vulnerable not only to manipulation and local disturbances and natural disasters, but also to war.
In a wartime prices of land and properties fall and prices of gold and silver go up. Bitcoin could and probably will act like gold in such case.

There's still no comparison. It's ludicrous. Now I think about it it should be 1/1000th.

On all crypto exchanges anywhere there's probably no more than a few tens of millions of dollars to catch that falling knife. It's never going to happen but people would be daft to get excited comparing these two things. It's a mirage.
11367  Economy / Economics / Re: Coin market caps vs. National GDPs on: June 20, 2017, 07:48:40 PM
A staggeringly meaningless comparison.

Watch what happens to any crypto market cap if more than a fraction of a per cent of holders decide it's time to cash in. The 'real' figures are probably 1/100th or less.
11368  Economy / Trading Discussion / Re: If the bear market started tomorrow. How would you adjust your porfolio? on: June 20, 2017, 01:02:18 AM
Any thoughts on the best exchange to move BTC to fiat and then rebuy BTC after the price drops?

I'd imagine some exchanges may go down if the blood really starts to flow...

I mostly use bittrex and am UK based If that makes a difference.


Thanks

If you're in the UK and you sell to buy back later, that sell qualifies for capital gains tax even if you don't withdraw it from the exchange if it's over Ģ11,200 or so. That's why many people short instead.
11369  Bitcoin / Bitcoin Discussion / Re: You Won't Believe This Stupid New Law Against Cash And Bitcoin on: June 19, 2017, 11:56:04 PM
I understand why they are targeting cash and bitcoin, but gift cards as well? Jeez, i wonder how much this is going to cost them and how much stuff is actually going to be done Roll Eyes

Gift cards? How bizarre. They're already fully traceable by the account they're applied to, let alone the address you ship products to.

I'd say the EU will end up with more heinous regulations than the US. They have more terrorism and possibly more of an authoritarian bent too. The EU will go cashless far quicker than America as well and that's when it really gets heavy.
11370  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 19, 2017, 11:50:30 PM
That's right. But what makes you think that Core is no longer in the pockets of great economic players?
Thats my point. Different development groups are better than one.

Because Core is an extremely loose entity, unlike what would be put together by the New York group or Bitmain.

Sure, there's an inner circle and then there's everyone else, but it still gives far more room for dissent or alternative points of view.
11371  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: June 19, 2017, 11:40:26 PM
What will be, will be. I genuinely thought it would be another few years before it reached the current price level, let alone sit there for a few weeks.

It could easily fly down the toilet. There really isn't much interest in it compared to other coins at present, but I think in the end it's going to accomplish things that nothing else will.
11372  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 19, 2017, 11:20:52 PM
Decentralization is not only a feature of the protocol, but also of the entire ecosystem. Core represents a centralized point in our ecosystem, it dosent matter how many developers they have, since the ethics and philosophy behind them is that constitutes "Core".

If Core checks out, which isn't really possible as they're a fairly loosely allied bunch, then you'd probably be left with developers in the pockets of miners and economic players.

That smells rather more centralised to me.
11373  Economy / Trading Discussion / Re: If the bear market started tomorrow. How would you adjust your porfolio? on: June 19, 2017, 11:00:34 PM
All USD, not USDT.

There would be no 'safe havens', not at these price levels.

The question is whether such vast increases find a similarly vast floor. I don't really see what's there to support it. None of these coins have delivered anything of real value yet.

Check what happened to alts after 2013. Now that's an exceptional case of course but is there ultimately any difference in how empty most of these projects are?
11374  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 19, 2017, 10:52:43 PM
So is the SegWit2x codebase something that the core devs either are involved in or would support?

That's really the issue for me. If SegWit2x passes but then the entire core dev team walks over compromised principles, then it's no better than having the completely incompetent BU devs take over. If the core dev team walks for good, I'm walking away from Bitcoin at that point too. I'm sure many long term holders as well as Satoshi himself may dump at that point.

The fk if I'm going to stay involved in Bitcoin just to watch it eventually turn into another PayPal 2.0.

They don't support it or have involvement, but I think it's using all of their code, albeit with differing activation levels.

The question is what happens if it's implemented. Does the same group try to disregard Core's future work after their 'victory'?

The key phase will be between Segwit's activation and the possible 2mb fork. If they go full retard I'll be offski too but I think the UASF idea would become much stronger in that scenario.

No one apart from a modestly sized group feels like handing over everything to the same modestly sized group.
11375  Economy / Exchanges / Re: BitStamp KYC out of control on: June 19, 2017, 08:44:29 PM
Ive yet to reply, so if anyones got any smart-arse answers, please post.

Explain to them the international nature of modern Jihad and they'll ease off.

I have a fully verified Bitstamp account that hasn't been used for years on end. I assume if I put a penny into it now they'd close my arse down. I don't think they'll ever be getting any more business from me because of stuff like this.
11376  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: June 19, 2017, 08:40:11 PM
Mayweather will cream him simply because he's been boxing for nearly 25 years. No one walks into another discipline and wins against a pro in it, let alone an unbeaten one.

The record of non boxers taking up boxing is shockingly dire.

If they really wanted to make it equal they should've chosen archery or thumb wrestling.
11377  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 19, 2017, 08:17:54 PM
LOL

I am perfectly aware of his obsesion with PM's, but maybe this time he has a point about the scaling issue.

I don't see it, but if I am "totally wrong" I would be interested in knowing how I am misreading current situation.

Until then, I am totally bullish medium/long term on this.

Well, I'm fairly stumped as it's so hard to get straightforward information from anyone. You've got your big block crew, your Core crew, the UASF kamikazes, the secretive NY crew. They're all tainted with their own viewpoint somehow.

I don't think it's as clear cut as Segwit arriving as originally intended by Core. There's still other crap out on the horizon.

I'll sit back and the let the numbers do the talking. I don't see anyone from any faction actively choosing a chain split if it can possibly be avoided.
11378  Other / Politics & Society / Re: UK Election on 8th June (and ensuing aftermath) on: June 19, 2017, 08:15:25 PM
I checked the Daily Mail, and they are saying that the pact with the DUP is still not finalized. Isn't there any other option? I know that there is at least one independent MP and a few MPs from Plaid Cymru. Can't May form a government with their support?

The DUP is the only one vaguely in line with their notions, though not all that much on Brexit and the less said about abortion the better.

I think they're the only game in town.

With Brexit at least it really should be a cross party deal no matter who's nominally in power. Incredible that a few moronic and fully insulated Conservative MPs can throw an entire country down the toilet because they wanted to.
11379  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 19, 2017, 07:54:24 PM
Disclaimer:

Disclaimer: he wants to invite you into his sex van to sell you shiny bits of metal that sit there and do nothing.
11380  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 19, 2017, 06:41:36 PM
The segwit2x signaling is just symbolic at this point. They're just signalling that they're going to signal for segwit.

I wonder if there'll be signalling fuckery a la Litecoin in an attempt to milk even more money. I suppose UASF is the thing lurking in the background to dampen that.
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