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11481  Bitcoin / Bitcoin Discussion / Re: Here is why you shouldn't trade bitcoin based on the news on: August 19, 2019, 11:26:12 AM
How? I just gave all CNBC links where you could predict the direction of the price based on CNBC predictions, by betting on the opposite direction. 90% of  their recommendations and statements were contra-indicator. That's a lot.

I personally think that it's either just by chance or because they're simply wrong most of the time.

It could be by chance that they're 90% wrong because the sample size really is not that big. If it was like hundreds and hundreds of predictions and they still managed to be wrong 90% of the time, then I'll think twice and be really skeptical.
11482  Bitcoin / Bitcoin Discussion / Re: Here is why you shouldn't trade bitcoin based on the news on: August 19, 2019, 11:17:59 AM
Can you explain why are CNBC predictions for bitcoin almost perfect contra-indicator. That means the price goes the opposite direction of what they recommend or say.

Because you can't predict markets. It's that simple. There's so much unpredictable factors that could affect the markets that it's next to impossible to predict markets with pin-point accuracy.

At least we could say that CNBC is so good at being wrong.
11483  Other / Beginners & Help / Re: PayPal payments are just a 6 month loan on: August 19, 2019, 10:22:29 AM
I did not use PayPal for long time, but this method of payment still has its advantages especially if viewed from a customer perspective.
And not to mention that pretty much most websites accepts PayPal too, so we don't have much choice at the moment besides entering your credit/debit card information to these websites.

But there are very dishonest buyers who try to cheat sellers and take their money back, even though they got what they ordered.
As a previous online business owner that sells random stuff, PayPal has always been a headache not only for me but for a good chunk of online sellers out there. Out of nowhere your PayPal business account is locked and PayPal refuses to give any reasoning whatsoever. And don't forget those chargebacks even though you provided a tracking number. PayPal sides with the buyers like 99% of the time regardless if the buyer is just spewing BS to get his/her money back.
11484  Other / Beginners & Help / Re: I already have a Bank attached with paypal account? Why should we use Bitcoin? on: August 19, 2019, 09:18:40 AM
1. PayPal can lock your account for no reason, with no explanation at all. This is a lot more common than you think. No one can lock up your bitcoin wallet(assuming you're using a non-custodial wallet).
2. If you sell stuff online and the buyer pays you with PayPal, he/she can do a charge back if you sold him something digital, and you're simply screwed.
3. Cross-border transactions with banks are very expensive. Bitcoin doesn't care about the distance between the sender and receiver.
4. Inflation with fiat money.
5. Central banks can fuck up the economy may it be through corruption or mismanagement.
6. Assuming you're using a non-custodial wallet, KYC is not needed. You can have as much wallets as you want and you can send and receive bitcoin as much as you want.
7. Though unlikely with countries like the United States, you're screwed when economic crisis occurs. Take a look at Venezuela.

and best thing of all..

8. You can proudly and boastfully call yourself a technology investor and a fintech enthusiast. lol
11485  Economy / Service Discussion / Re: Lost wallet on: August 19, 2019, 06:34:02 AM
I mean still positive, I'm a positive person. Smiley This certainly did not discourage me. And of course I'm staying with bitcoin. Bitcioin is the future.

Great. Next time you're going to buy it, make sure you know how to secure your funds first, because leaving funds on exchanges is almost never a good idea.

Read: [General] Bitcoin Wallets - Which, what, why? https://bitcointalk.org/index.php?topic=1631151.0
11486  Economy / Service Discussion / Re: what is your opinion on Coinflaire.com ? they claim stable income for miner BTC on: August 19, 2019, 06:26:10 AM
just launched 3 years running called coinflaire.com ,

Registrar WHOIS Server: whois.namecheap.com
Registrar URL: http://www.namecheap.com
Updated Date: 2019-04-28T17:17:21.00Z
Creation Date: 2019-04-28T17:17:21.00Z

Registrar Registration Expiration Date: 2020-04-28T17:17:21.00Z

Sure. Launched 3 years ago indeed. Also, 11-25% daily? Seems 100% legit.
11487  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto reveal, aug 18th? on: August 18, 2019, 04:07:54 PM
there has been rare cases at first but in the past 2 years the number of scammers has seen a big rise. and it is all because the scammer known as Craig Wright started scamming people around that time and mainly because a considerable number of idiots (for different reasons) backed his scam up. so now everyone tries to mimic that same scam and gain some popularity. apparently there is no consequence to pulling an identity fraud!

aaand for some reason people are still hyping these stuff up even though we obviously don't get anything off it, because it always ends up a sham. The bitcoin and cryptocurrency community in a nutshell.
11488  Bitcoin / Bitcoin Discussion / Re: Does bitcoin need to be a currency? on: August 18, 2019, 03:45:55 PM
If bitcoin(with the small 'b', as in the currency) fails to be a currency or at least a SoV, then it simply failed in general. But, bitcoin is already being used as a currency now though, just currently not in a global scale as we're aiming it to be. Bitcoin can be both a currency and an investment. In fact, bitcoin needs all the traders and investors for it to have higher liquidity. Higher liquidity is absolutely necessary for it to be stable in terms of price some time in the future; which, a stable price is definitely needed for it to be a successful day-to-day currency for the masses.
11489  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto reveal, aug 18th? on: August 18, 2019, 02:08:24 PM
There has been so much people to be claiming to be Satoshi Nakamoto throughout the years that I've already lost count. There's zero reason for the real Satoshi Nakamoto to reveal himself/herself/themselves at all. The real Satoshi making a reveal is like shooting himself/herself/themselves in a foot with an RPG.
11490  Other / Beginners & Help / Re: Black market of merit!!!!!! on: August 18, 2019, 08:00:57 AM
You don't even need to post images. You can simply quote the merited replies that you think are gained in a non-legitimate way, and post it here through editing your main post. Then, the Federal Bitcointalk Investigators(FBI) might be able to see if there are some evidence of merit buying or merit sending by account farmers.
11491  Economy / Service Discussion / Re: New Cryptocurrency Company on: August 18, 2019, 07:55:59 AM
You don't even need to do research on the website to know that it's a scam. $300 to $1200 in 7 days? Think clearly and logically for a second. Is there any chance you think that that's actually legitimate?
11492  Other / Beginners & Help / Re: Yubikey on: August 18, 2019, 07:10:43 AM
Hi.. thank you for reply  Smiley

I just curios why binance recommend yubikey as follows:
https://www.binance.com/en/support/articles/360029994311


Binance suggested YubiKeys because like bitmover said, using a YubiKey is a good way of handling 2 factor authentication. Remember, Binance is an exchange, and if you have an exchange account, 2FA is absolutely necessary. But it doesn't mean that you're going to store your funds on the exchange just because you have a YubiKey. While it may make your account more secure, take note that Binance itself can be hacked no matter how secure your account is.
11493  Economy / Scam Accusations / Re: Freewallet.org is the Scam on: August 18, 2019, 06:30:23 AM
Best of luck OP. Hopefully this would be clear enough of a reason to not use custodial wallets in the future. FreeWallet is probably the last custodial wallet I would trust. No matter how bad Coinbase is as a wallet, I'd much prefer storing funds there than using FreeWallet.

Topic: [General] Bitcoin Wallets - Which, what, why? https://bitcointalk.org/index.php?topic=1631151.0
11494  Other / Beginners & Help / Re: Good app to buy and sell on: August 18, 2019, 06:19:39 AM
From what I see, Binance seem to have a lot more coin available...can I just buy and sell on Binance ? are the fees higher than Krakens ?
I am looking to buy around 10-15 type of coins and keeping them for long term 2 years +

Probably just do it like this.

Buy bitcoin using USD on Kraken, and send over the BTC to Binance to do your altcoin shopping. Then, probably grab yourself a reputable hardware wallet(Ledger[1]/Trezor[2]) for you to store your funds safely.

Make sure you know what you're doing. Buying just random coins that you don't know about can seriously end you up with a lot of lost money in the future.


[1] https://ledger.com/
[2] https://trezor.io/
11495  Other / Beginners & Help / Re: Good app to buy and sell on: August 17, 2019, 03:27:45 AM
I don't understand, so I buy the coins on Kraken but I sell them on Binance ?

If you're planning on selling the coins back at some time then use Kraken also if you're going to use Kraken to buy the coins anyway. No need to unnecessarily use two different platforms. Just remember to use a non-custodial wallet for safe keeping while you're waiting for an opportunity to sell.
11496  Economy / Speculation / Re: Bitcoin is currently trading below $10,000. Why? on: August 16, 2019, 03:29:06 PM
This alleged "dumping of coins of a Chinese ponzi scheme" hasn't been confirmed as far as I know. I haven't checked, but I've read somewhere that the woman[1] that posted about this scam on Twitter, is also the same person that spread the FUD in the past when the markets went full bearish. The photo about miners being dumped in the trash; whereas the miners are actually being thrown because of it getting flooded and NOT because of the bear market.

I'm not saying this is 100% fake, I'm just saying that we should be cautious about this and not automatically believe it.


[1] https://twitter.com/DoveyWan/status/1161686134314848256
11497  Other / Beginners & Help / Re: Good app to buy and sell on: August 16, 2019, 01:15:45 AM
If Coinbase is not working for you, check out Kraken[1] and Gemini[2]. As far as I know these three are currently the most reputable in most countries they support.

Also, second question, If I have a Ledger Nano S, can I buy coins online and store them on it ?
Yes. Send over the funds from the exchange to your Ledger Nano S' bitcoin wallet address. To prevent confusion on your side, please read this post concerning wallets: https://bitcointalk.org/index.php?topic=1631151.0

Or do I have to go to a local Bitcoin ATM ?
You go to a bitcoin ATM to buy or sell bitcoins, not store them. With bitcoin, you are your own bank.


[1] https://kraken.com/
[2] https://gemini.com/
11498  Local / Pamilihan / Re: bitcoin buy prices | Coins.ph vs Abra on: August 15, 2019, 03:50:57 PM
Wala eh, may monopoly pa din si coins kaya malakas loob mag-bigay ng ganung rate.
Regular user ka na ba ng Abra? Pwede mo bang i-confirm kung wala talagang KYC verification kahit gaano kalaki ang transaksyon mo?

Been a user of Abra for a while. While never akong nag submit ng KYC, ibibigay mo rin lang account number ng bank mo para mawithdraw mo so may data ka parin talaga sakanila; and yes, may limits obviously: https://support.abra.com/hc/en-us/articles/115002918627-What-are-Abra-s-transaction-limits-

Pero malaki laki naman ang limits so walang problema in my opinion. Mas problemahin mo ung sa side ng bank mo kung malalaki napapasok na pera sa bank mo.
11499  Local / Pamilihan / Re: Anyone encountering CASHOUT problems with COINS PRO?? (They are ASSH**LE) on: August 15, 2019, 03:46:05 PM
Take note 3 days daw ang processing ng COINS PRO for PHP cash out pero kung mga cash in pansin mo instant lahat. Halata naman pag cash out SINASADYA NILA PATAGALIN. Mga guys ginagago tayo ng COINS PRO iniisip nila siguro mga bobo tayong mga user ng COINS PRO.

Wag tayo mag conclude ng agad agad. If may something na ayaw masira ng Coins.ph, malamang sa malamang e ito ung reputasyon nila. I think most likely problema lang to either sa sistema nila, o sa account mo for some reason. Unfortunately since di ka nirereplyan, subukan mo silang kulitin sa social media; if pwede, publicly. If may something na madaling mag attract ng attensyon nila, public complaints ito. Like kung ano ginagawa mo ngayon. Try mo narin hanapin ung megathread ng Coins.ph dito.
11500  Economy / Exchanges / Re: Question about Bittrex Exchange on: August 15, 2019, 02:47:05 PM
Err. I'm not sure, but I think you're screwed. You submitting your personal identification would be pretty pointless if it doesn't match the data on your account in the first place. Your best bet would probably be admitting that you previously registered using a wrong name, and you probably could prove ownership by providing some information: like, date of first deposit, most recent transaction, and such. I doubt that you'll be able to convince them, but it wouldn't hurt to try I guess?
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