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1161  Bitcoin / Bitcoin Discussion / Re: Can any government ban Bitcoin? on: November 27, 2017, 11:03:48 PM
Today is a new day, a new start and a new topic about banning bitcoin...
Yesterday there were at least 2 of them...
Why on earth a government would ban bitcoin if they will be able to tax it in the near future? People will have to cash out some bitcoins before it get's widely accepted (like in Japan), so as soon as people cash out the government can tax the income. There's no reason to ban it... It's like smoking that kills... Do governments ban smoking? No, they just tax it heavily, and they say they heal people got sick because of smoking from that income... Bitcoin does not harm your health... Today there are only a few countries who really ban bitcoin, but they also ban nearly everything in those countries too...
1162  Economy / Economics / Re: One Bitcoin, $10,000. Ten Thousand Dollars. on: November 27, 2017, 10:34:48 PM
yeah, i think we can expect the rapid growth in the next two years Smiley

I can only concur with you. The two coming years will be indeed golden, for the simple reason that there will be much more people coming, a wider acceptance, and I hope, let God grant us that, finally a technological upgrade to finally get out of the network saturation problems.
It's OK that we won't have technological problems... What I expect and a bit afraid of is that people will come without any technological knowledge or crypto experience.... They will download the infected wallets from facebook, they will lose their private key, they will take a backup photo of their seed and store it on their phone, etc... they will just don't understand the whole thing, and this can make hard time for bitcoin in the beginning... After when people will have the knowledge, there will be less problem, but education is what we (I mean those people) need...
1163  Bitcoin / Bitcoin Discussion / Re: Going insane - Help!!!!! on: November 27, 2017, 10:22:34 PM
Billions??  I wish!!  I read it was 2^160 privates keys.. which is a fair bit over a billion Smiley
I like your idea, really Smiley
But because of the poople like you I think Satoshi Nakamoto has generated an address that lacks any regularity like there are no numbers or letters in order like 123 or so...
Or, just to be a little bit nasty with you, what if he has generated it like it contains his loved pet's name in it Smiley
You would never know, but it's like you're playing a lottery, but you are paying with your time and your mental healthyness, so this is good for a week or so but after you should find someting more interesting and productive things to work on. Or, if you don't do it because of the money you can find, because you have what you need for your life, you should start to live and stop this kind of lottery really.
Anyway, do you trust those websites enough that if you find an address that contains millions of coins they will really show you? How would you know if the programmer who have created a site to check balances of unknown addresses, doesn't included a script to simply send the coins found to himself and show 0 balance to the users using that site...
1164  Bitcoin / Bitcoin Discussion / Re: Bitcoin has reached 11k USD in India on: November 27, 2017, 10:00:33 PM
What do you think of the title? Today I checked the BTC price in local exchange website and I found this! is this-this the right time to sell BTC or buy btc.
Let us know your thoughts on this.

Nothing strange with this. There are a lot of small (local) exchanges with very low volume where the price can differ by ten or more percent from the average price.
Sometimes, you can see a significantly lower price at such exchanges. Especially when the price goes in the sharp rise. That's good for cross-market trading.

Cross market trading can be interesting in case the mempool is full and you have to use high transaction fees to quickly move coins from one exchange to another. There should be a really high difference between two exchanges to do this in the profitable way. This is a kind of trading method that could be automatized as well. Also if you don't stick only to bitcoin, it could be done with some alts (much shorter transfer times but in this case the alt's price volatility is another risk in the equation).
1165  Other / Beginners & Help / Re: what is paper wallet on: November 27, 2017, 09:51:39 PM
I have heard about paper wallet what is this guys

Also be sure that when you print your paper wallet you print it on quality paper with quality ink and store it in a safe place with no risk of humidity on it. The paper wallet is an offline wallet. So, no chances to be hacked. Be if your paper wallet is stolen basically the robber has all your balance in the paper wallet.

Not only that. Remember that paper has its vulnerabilities. It burns easily, can be easily lost, can be damaged by animals and bugs. If you really want a paper wallet buy yourself a fireproof safe, so that if someone decides to read your private key you'll at least know about it because the safe will have to get damaged, and it will protect your money in the event of a fire.
To be more precise, paper wallet can be made waterproof if you laminate it. After you can put it into the fireproof safe at a secret location.
However, I was always wondering if it's really safe to generate paper wallets on the web... It's OK if you generate 1000 wallets in a word document and pick one at random but I wouldn't fully trust any website that offers me to generate a wallet address with keys... Maybe I need to put down my tinfoil hat but anyway...
I have read that someone adviced to download an open source linux app for wallet generation, put it onto a fresh install of a live linux distro and generate the wallets offline and print it with a really old laser printer with no network connection possibility... (just to be sure that noone can log into the printe while printing, and after)
We can't be cautious enough, anyway Smiley
1166  Economy / Exchanges / Re: Pending transaction on coinbase on: November 27, 2017, 09:14:12 PM
Hoorayyyyyyyy. Its fixed. I have my coins. There are safe and in my cold waller. Again guys. Thank you for all yoir help!!!! Kiss Kiss
Glad to hear that you have your coins at last Smiley
Now make sure that you backup your seed in one or two safe places where only you or someone you trust can find it. Don't take a photo of your seed despite of it seems a really easy method, if you have a virus or malware (on your phone, on your PC, anywhere) they can take your coins with those words on the photo. Use the oldschool method, paper and pen Smiley
And, have a nice day, you deserved it Smiley
1167  Economy / Service Discussion / Re: Crypto fund on: November 26, 2017, 09:32:32 PM
Hi,

I don't have much time to invest in the crypto market, a friend of mine told me there's crypto funds that do the investment for you.
Any one here ever did this ? They know how they operate ? My fear is that this is scam or something.

Thanks in advance.

First rule in crypto world:
Always store your coins in a wallet that gives you (and just to you) the private key of your address.
Don't store your coins on exchanges, web wallets for a longer time because there is the possibility that they will be hacked or they will flee with people's coins. And never use investment sites because the crypto world is not regulated, they can only promise that they will pay you at the end but there's nothing that can help you to enforce your claim if something goes wrong.
If you really don't have much time, you should pay more at the beginning, buy a hardware wallet, buy some coins and store them on that hard wallet, and check back in some years time. The hardware wallet will make your investment safe. (But safety doesn't equal to profit...)
1168  Alternate cryptocurrencies / Altcoin Discussion / Re: PSA: Critical Warning posted by BitcoinGold Team! on: November 26, 2017, 12:25:15 PM
You can use your Ledger Nano S to store your BTG so you don't need to use a windows client for that. Hardware wallets are specialized to store your coins safely, and the cost of the hardware wallet is relatively low compared to the risk you can prevent with it.
You can read about it here:
How to use Bitcoin Gold with Ledger  https://ledger.zendesk.com/hc/en-us/articles/115005456969-How-to-use-Bitcoin-Gold-with-Ledger
Although they don't recommend to use the blockchain of BTG at the moment, so it's wise to store them for longer period or to dump it now on an exchange.
1169  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the Path of Least Resistance on: November 26, 2017, 12:09:44 PM
I am not a fan of saving but I know it is better than spending. Bitcoin is a currency so I don't think we can spend these the same as the fiats. But the thing here is that people tend to think that it is better to save it than to spend it, which is the principle of the Least Resistance.

I am not saying spending it on things you unnecessarily need, if you will be asking how rich people spend their money, they spend this on assets. Assets that in time, give back money and also profit, investing in short. So, what is the connection of the least resistance and the spending of digital currency? Think of this.

People is thinking it is better to save this digital currency because it will be easier to wait a profit from pumps, than making a way to earn more money by spending those digital currencies. We are just like waiting for a rainbow to come after rain, but in some cases, we can make the rainbow appear, can you give some if your opinion in this?
In my opinion, unless the bitcoin has reached it's stable price, don't spend too much of it, save as much as you can, instead... there are still lots of people who aren't in bitcoins yet, so these people are going to be a huge fluctuation to bitcoin price. The actual gameplan should be - wait until bitcoin is globalized, and then spend it like a regular money.
Some people are spending some of their bitcoins because they want to save themself from the risk of bitcoin price collapse. I mean that if you have a fixed amount of bitcoin, you have invested it some years ago. You want to make sure that you maximize the profit you can have but you also need to minimize the risk you take. In this scenario, it's understandable behaviour that someone priodically spends (cash out to fiat) e.g. 5% of his total bitcoin, because that's a realized profit and it's deducted from his initial investment. In this case he still has a good amount of bitcoin and his investment is still profitable, but after a while he get's back his initial investment (in fiat) and still have some bitcoin. After this point anything can happen with the price of bitcoin, his initial investment has already returned and the remaining bitcoin is the pure profit of this investment.
1170  Bitcoin / Bitcoin Discussion / Re: Black Friday final opportunity. on: November 26, 2017, 11:21:48 AM
Ok prediction failed as bitcoin pump instead of falling down lols. Wait Amazon is now accepting bitcoin this might also trigger the pumping of bitcoin.  Huge business might also invested the money they got from black Friday into crypto.

Any experienced traders?  Will BTC rise during black fridays or go down as people withdraw their btc to buy some black fridays?

Don't think so people who will use bitcoin for the black Friday will surely miss some profit just to buy things. I think bitcoin will continue to soar higher no matter what, the price of bitcoin will not dump for sure.
There are always gossips about Amazon and bitcoin, but I haven't found any evidence for it...
I think if it will go live every news sites will catch that up and we would see it not only on bitcoin and tech related sites but on every news sites... That would give the biggest pump for the price of bitcoin, but I think we need to wait for it much more than we expect, unfortunately....
1171  Bitcoin / Bitcoin Discussion / Re: Bitcoin, Ether Prices Surge to Fresh All-Time Highs on: November 25, 2017, 06:52:08 PM
All crypto are surging not only bitcoin, top 10 crypto are getting more than 2% increase everyday. Looks like a big blood bath is coming for all crypto, I will sell atleast half of my holding rather than keeping them with high hopes.

Nothing can keep going up like this....Anything that goes up should come down.... Correction is must for more stable surge..
That's OK, that a correction is about to come, but what to convert your bitcoin into? Fiat? Or some alts? Ethereum is also setting all time high together with bitcoin, so that's not a safe heaven this time. Maybe Litecoin or other alts? Last time when bitcoin went down, alts were suffering too. Correction is OK to come but I'm wondering what to buy... USDT has a bad reputation nowdays, so it's not easy this time to decide.
1172  Bitcoin / Bitcoin Discussion / Re: Rulers Can ban Bitcoin through the entire Earth! on: November 25, 2017, 03:47:21 PM
I just noticed that daily there are 2-3 topics about 'Bitcoin will be banned everywhere'...
Meanwhile, I'm really sure that there are only a few countries where the governments really want to ban bitcoin, but that's rare and they're really special countries... The rest of the countries have not decided yet what to do with bitcoin, but they are not about to ban it, because they are working on the method to tax it, because banning is a good thing for them, why not to ban, just because they can, but it won't generate any income. If they tax it, they have to legalize it, but it will generate a really good income to the economy, so banning is not really possible.
1173  Bitcoin / Bitcoin Discussion / Re: Help! Faucets Are Wasting My Time. I Need Better Ways To Earn Bitcoins Asap on: November 25, 2017, 02:37:54 PM
If you have done the faucets for a year at night after your daily hard work, then there will be no problem to read for another month in this forum and familiarize yourself with it. You haven't earned anything for a year, another month won't count at all now. Do your homework, read and do some quality posting, in three weeks time you will be a junior. If you are a junior, you have more chance to find something you can earn with. Until then, you can find and decide the way you want to move forward.
1174  Bitcoin / Bitcoin Discussion / Re: Fees make bitcoin core a risky investment on: November 24, 2017, 07:48:32 PM
If you invest in something, it has a cost, even if you don't realize it (it can be a hidden cost). Also the best investments usually has higher risks as well. But the high risks are not the connotation of the higher fees the two things are independent. Bitcoin won't be more risky because of the higher fees, because fees are not constantly high, only when the mempool is full. When the mempool is full, you have to start a transaction with a higher fee to be sure that the transaction gets confirmation soon, but this doesn't cause the risk to be higher.
1175  Bitcoin / Bitcoin Discussion / Re: Goverments to go AGAINST Bitcoin on: November 24, 2017, 07:17:02 PM
A high percentage to go against it and it is already happening.
Banning them in their countries which i dont know what deeper reasons could there be.

Keeping our privacy is what we aee dealing here and they dont want that. Government ID's and other registration stuffs proves it.
They want to tax you to every income you will get and if they cannot get anything from you then you can go to jail.
Major of the countries have not banned bitcoin yet. The reason can be that: 1. They are still don't think that bitcoin can be a problem for them (they don't belive that bitcoin have a future). 2. They are still trying to find out how to tax incomes coming from bitcoin, and after they don't have to ban it. This is better for the economy as well, and if they don't find any way to tax bitcoin they still have the possibility to ban it at the end. But I think ban is not the priority because it doesn't generate income for the government.
1176  Economy / Exchanges / Re: Pending transaction on coinbase on: November 23, 2017, 08:41:39 PM
Hi. So the wallet address starts with a 1. When I initially set the nano up it did as you said, ask me if it was for legacy or segwit, there was an option for 'I dont know' which I selected as I didnt know. Now each time I go in I select the same 'I dont know'. I cannot find an option on the nano wallet app to find the address that it gave me to send to, to cross reference it to the one I used on coinbase, I am quite sure I did this correctly though as I checkes it several times forwards and backwards and gor mybhusband to do the same. Last night I sent a very small amount on bitcoin I had on my Jaxx wallet to the nano and although not confirmed yet, I can see the pending amount on the nano whereas the amount  I am 'missing' only shows as pending on coinbase not on the nano.  I know alot of you are saying be patient, which I am happy to do, I just  want to know that I have not lost it. Time I can spare. £4.5k I cannot. Lol. Thank you all for your advise and please keep any suggestions coming as it is still not resolved.
The wallet address starting with 1 means it's a legacy address. Maybe it worths a try to select the Legacy option in bitcoin chain, but don't expect much, if your transaction from Jaxx has already showed up... At least, the Jaxx transaction will be confirmed sometime.
You should start asking for support at coinbase, it seems that the problem is at their side. I don't know
 the system of coinbase but usually at exchanges, they're waiting for a confirmation before they send out the cryptos to external addresses, I don't know if coinbase works like this (if you have received (or not) this kind of email with confirmation link). At Bittrex, if you start a withdrawal, the first status of the withdrawal is 'pending' and if you confirm at the link in the email message, it changes to 'Authorized' and a bit later it shows up in the blockchain and in the wallet with 0 confirmation first, and later on it gets confirmed.
1177  Bitcoin / Bitcoin Discussion / Re: Indian banks embraces blockchain on: November 23, 2017, 02:02:14 PM
this will be another private ledger for the banks to do their own business, and it has nothing to do with bitcoin or cryptocurrencies in general they are just using the same technology and the end user will probably never even finds out about it.
for example when you have a bank account or a credit card and use it, you don't care if it is the traditional way of communication or are they using advanced cryptographic method and have a blockchain somewhere!
This is important, people usually don't make difference between blockchain (the technology) and bitcoin (which is only based on that technology). Banks are about to develop blockchain based solutions all over the world, but that doesn't mean that they want to deal with bitcoin. Banks has a centralized system yet, but have branches and ATM country and worldwide. If they want to start a blockchain based solution, the nodes could be in the branches and in the ATMs so they will have a truly decentralized system with high redundancy. But that doesn't mean that it will be compatible with bitcoin (it won't, ever).
1178  Bitcoin / Bitcoin Discussion / Re: How to do large wire transfer? on: November 23, 2017, 01:46:09 PM
Hi,

I opened a new account so it's 2 weeks old now because my actual bank didn't have wire transfer. My goal is to put more money on exchange website. But the bank is giving problems saying I have to wait a week, etc which could be another BS.

Right now I see many opportunities to make more money in crypto but these stupid daily limits are ridiculous. I am in Canada btw.

What's the best way to work around these? I really despise banks and their shady operations.


Thanks in advance.
If you have credit card / debit card you can buy bitcoin with it as well, but it costs more compared to wire transfer (localbitcoins is a bit different, I don't know the exchange rate calculation process of the localbitcoiners). I don't think that one week will let you miss out anything interesting, so you can wait for that week also and use the wire transfer. 
1179  Economy / Exchanges / Re: Pending transaction on coinbase on: November 23, 2017, 01:37:10 PM
ok so a bit more info to help - I am in the uk.  The transaction has been pending for 6 days!  I transferred it to a nano s ledger so when i went on the ledger app to receive the funds it asked me how much I was expecting to receive and gave me a wallet address. I have read that the nano ledger gives you a new wallet address each time.  I also sent  a litecoin on the same day which is fine and in my wallet.  I have contacted coinbase support twice now but due to a backlog they have not responded yet so I thought I would try and solve it myself (you guys, lol).

I have checked blockchain.info using the wallet address and it states 0 bitcoins sent or received from this address

thanks for all your advise, I appreciate it and any future suggestions.

 Cry Cry Cry Cry
Be aware about Ledger Nano S, it uses legacy and segwit type of addresses parallel on the same device, so you can easily miss the proper wallet. Does your wallet address starts with 3 or 1? 3 is for Segwit type of address and 1 is the 'old' the legacy one. When you log into your Ledger Nano S at the first time you are prompted if you want to use bitcoin or bch, after if you choose bitcoin you are prompted again to select legacy or segwit address. They're totally different. If you have choosen e.g. segwit first, and you used that address to receive bitcoin and after you switched to litecoin and back again to bitcoin, maybe you missed the address type. There's a switch in the Ledger Chrome bitcoin app where you can change the blockchain (looks like a chain Smiley ) you can try that too to switch between legacy and segwit.
1180  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: is MyEtherWallet is a safe place to stored? or use as wallet? on: November 22, 2017, 11:22:57 PM
i want to check if it is safe..

MyEtherWallet is safe to use yes.

When you make a wallet on there you get your own address and get your own private key.

The private key is used to access your funds. Watch out for other websites that try to look like MyEtherWallet. Some websites have a very similar name like MyEtlerWallet or MyEtherWalet or whatever. They will steal your funds if you accidentally go to their site and put in your private key.

Additionally, you can have a backup made and import your MyEtherWallet into any other ETH wallet if you want to. Though you need to be careful as not all wallets support ERC20 tokens. My Ether Wallet supports all ERC20 tokens.

Make sure you keep backups of your private key. Keep a written or printed copy in a safe.
If you don't want to hassle with your private key, you can use MyEtherWallet directly with Ledger Nano S hardware wallet. You can store your private key safely on the device, no need to enter it anywhere on the site. Your private key won't get transferred to your computer from the device, every process that needs the private key runs on the hardware wallet (signing transactions, etc.) and this is really safe. You can use it even on a compromised PC if you double check the destination address on the screen of the hardware wallet (in order to prevent clipboard viruses to change your destination address to their own address). If you plan to get yourself involved in the cryptocurrency world, hardware wallet is not a big expense compared to the safety it can provide.
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