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121  Bitcoin / Bitcoin Discussion / Re: Ciphertrace Offers Easy AML to Bitcoin ATMs on: June 18, 2019, 08:40:46 AM
this is such a strange news! it is like saying a company is now trying to remove meat from hamburgers and replace them with empty bread! Cheesy

the whole selling point of ATM machines which is also the reason why their fees are high and rates are not comparable to exchanges and basically any other method of buying/selling bitcoin, is that they are providing a much better privacy to people wanting to buy or sell bitcoin. if you remove that and add AML then they become obsolete the second that rule is applied.
because who would want to use an ATM machine while there are exchanges that you can purchase bitcoin with a much better rate?
122  Bitcoin / Bitcoin Discussion / Re: Thé benefits of bitcoins to the underdeveloped countries. on: June 18, 2019, 08:35:44 AM
when speaking of bitcoin as a technology that is new and different from anything else we knew, usually people in countries that are more technologically advanced (that is the developed countries) are more happy about adopting such new technologies. in this case we are talking about adopting bitcoin as a currency and a new technology and benefit from it.
but others, like in underdeveloped countries are usually not so eager to adopt new technologies because they are behind in everything else so in case of bitcoin they may also remain behind that means they won't adopt bitcoin as much as others and if they do they would do it as an investment instead.
123  Bitcoin / Bitcoin Discussion / Re: Another U.S. Crypto Ban!? It's time for US to take ACTION! on: June 16, 2019, 06:26:02 AM
but this doesn't have anything to do with US government and it is not even new.
this news that came out of Binance not the government, was because they were planning on creating a new website platform that includes fiat so that they could enter bitcoin trading (with fiat) and focus on US customers. that is why they started it by first forcing their US customers to migrate to that platform.
124  Bitcoin / Bitcoin Discussion / Re: Craig Wright, another blunder revealed on: June 16, 2019, 06:07:19 AM
Maybe the man should stop saying anything for the time being

it doesn't matter how many "evidence" you bring up about how Craig is scamming people, even if you bring the real Satoshi out of hiding, CW is still going to scam people because that is how he makes his money. and the worst part is that certain people are following his lies, some for their personal benefits and some others because of being foolish!
125  Bitcoin / Bitcoin Discussion / Re: Altcoins are down when BTC up, altcoins again down Even if BTC down. Why? on: June 16, 2019, 06:00:27 AM
this question has been asking many times, basically each time altcoins get dumped hard. but you know what, the reason doesn't matter that much in my opinion because the only thing that matters is that for you to keep this in mind and know that it is a certain pattern that the market always follows. knowing that you can make better plans when you are trading and know when and where to put your money in order to avoid big losses.
126  Economy / Trading Discussion / Re: What's your favorite trading style? on: June 15, 2019, 02:25:21 PM
I was impressed by some of the stories and wanted to do day trading but that quickly turned into a stressful, full time job.
I mean reading all the news, following troll-boxes, some communities, discords and all that crap.
Reading dev's tweets, creating a whole database of information sources to check, etc.
day trading has nothing to do with any of these things. you wasted you time with them. even if you wanted to take a look at these things, you should only consider them as your last options at the bottom of your checklist of things to check out.
the first and most important thing to check and analyze is the market itself which means looking at the charts and the order books.

Quote
Maybe I went over the board with this but short time windows between the news and market reaction plus potential for high returns...
there is no relationship between news and market reactions. sometimes there is coincidences which other people pick up on or sometimes altcoin pumpers they use news as an excuse to pump the altcoin but there still is no relationship.

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With much less research (mostly the coin, team behind it, future changes, their marketing potential, etc.) I could do pretty accurate predictions.
I was sitting on a coin for weeks or even months, without stressing out.

What's your experience?
in my experience this is a bad thing to do because unfortunately a good coin can not be found and even if you find them they won't rise that much. the most profit is in shitcoins and in their pump and dumps which also means holding altcoins is a very bad decision.
127  Economy / Trading Discussion / Re: SignalProfits? on: June 15, 2019, 01:56:06 PM
anybody who is selling "signals" is actually scamming you under the hood. and this is not just a cryptocurrency market related thing, it is in any other market and it is a well known fact that if anybody was actually an "expert" in trading and knew what they were doing, then they would have never wasted their time "selling" signals instead of "trading".
so that only leaves idiots who can not trade or don't know how to make profit in trading so they have to succumb to scamming others by selling them fake advice and make money that way.
128  Bitcoin / Bitcoin Discussion / Re: List of all transactions in memory pool on: June 15, 2019, 01:27:35 PM
Let's say a node has a 1 mbyte maximum mempool size, and all the pending transactions meet the minimum fee.
Which pending transactions would stay in its memory and which wouldn't? Would it simply be first-come-first-served? Or would it kick out lower fee transactions for higher fee ones? Or both?

as far as I understand it, the priority is with the transaction that the node already has in its mempool if it doesn't receive anything with a higher fee. although there is a time-out kind of thing for each transaction which nodes set (default is 14 days) if the transaction was not confirmed in that time period it will drop it.
129  Economy / Speculation / Re: Which way will it go? Which trend will it follow? on: June 15, 2019, 01:20:13 PM
we had a nice upward momentum for about 2 months that brought bitcoin up more than 150% but it slowed down. not that it has not disappeared or stopped entirely. it just slowed down for a while with the correction of that huge rise because although it was coming out of the big manipulated dump but still the rise was huge. so the way we go is going to be the same upward movement as before only with a small delay. as you can see today we are witnessing another example of that strong movement.
130  Economy / Speculation / Re: Bitcoin at $9,000 by the end of the year on: June 15, 2019, 10:12:19 AM
in fact, the price of bitcoin is currently increasing and will soon reach a price of $ 9,000. seeing this, I think the price of $ 9,000 will actually be achieved this month. well, maybe after this, we can expect the price of bitcoin to reach $ 10k / $ 15k.

This sounds logical and curently we can see the price is rising and it seems that very soon it could touch 9000$. However, don't forget how easily price can change direction and corrections are always possible. So even if it reaches 9000$ there is no guarantee it will continue to grow towards 10000$ or more.

$8700 right now. So yes, it seems logical that we can reach $9k in the next coming days assuming that investors keeps pouring their cash on the market right now. What I wanted to see is that once we hit that $9k at least we sustained it and not to see another incoming dump. So let's see what will be the sentiments this time, will it hold or will it crumble before of the mental thingy that most speculators had, that is to take short profits?

the investors are already "pouring their cash on the market" and will continue to do so but that still doesn't change the fact about reaching $9k or not. what determines that is how many other, specifically whales are going to sell as we get closer to that price resistance. if it is a lot and some whales go crazy again we can see the price come back down to $8k-$8.1k otherwise we can see a nice rise past $9k before June ends.
131  Economy / Speculation / Re: SEC delays decision on ETF again on: June 15, 2019, 09:57:22 AM
Plus with enough Bitcoin supply under custodian control, they can censor transactions, disallow transactions, and freeze users' coins. I believe we can then say that Bitcoin has failed.

that could only work if bitcoin was a proof of stake shitcoin that was designed to give you power when you own a big "stake" in the coin (hold a large number of that coin in your wallet) or running a full node was impossible (like how it is with ethereum). but bitcoin is proof of work and you currently need to invest billions to have enough hashrate to start making a difference and "disallow" transactions and that is only if other miners stop mining!
132  Bitcoin / Bitcoin Discussion / Re: Unconventional Buying Signals on: June 15, 2019, 09:49:11 AM
not buying just because your grandma told you to buy is just as bad as buying because of she told you to buy! you think it is different and you did a good thing because now that you look at the price it looks like a good decision but it is purely by chance.
people are always going to tell you random things. for example a couple of months ago when price was at $3000 your grandma could have told you to buy but that didn't mean you should sell!

what I am trying to tell you is that you should do it based on your analysis of the market not based on what people say.
133  Bitcoin / Bitcoin Discussion / Re: List of all transactions in memory pool on: June 15, 2019, 09:19:42 AM
Question: If a node has less assigned space for the mempool than is needed to store all of them, how does is decide which ones to keep/lose?

nodes nowadays have two values which decide their mempool transaction count. the first is the minimum fee they pay which means if a transaction pays less than that it will be rejected. and second is the amount of memory they dedicate to storing them. if it exceeds that, I believe that a cleanup starts which drops transactions that will not confirm meaning transactions with lowest fee.
134  Bitcoin / Bitcoin Discussion / Re: Court issued an order for Craig Wright to produce his public bitcoin address on: June 15, 2019, 09:02:20 AM
if anybody deserves to be behind bars, it is Craig Wright and it should be because of identity fraud but unfortunately I don't think it will ever happen because of that since Satoshi Nakamoto is not a known identity that he stole it and the real person should come out and sue him for stealing his identity and that is not going to happen either. but I am still happy to see him in jail for any other reason.
135  Bitcoin / Bitcoin Discussion / Re: Crypto news website CCN going to be shutdown due to google on: June 11, 2019, 03:06:53 PM
this is obviously an excuse otherwise anybody who has been around and have seen the articles that they have been publishing over the last year they would know how low quality they are. if you think about it, why doesn't other websites like Coindesk are having any trouble like that? and why is it just these shitty sites that keep publishing low quality copy paste texts from each other are facing trouble?
it is simple, they all had a short lived high traffic that is now coming to an end. whatever Google might have done was only a push in the  direction that they were already on.
136  Bitcoin / Bitcoin Discussion / Re: How 18-year old boy became Millionare from Bitcoin on: June 11, 2019, 02:48:57 PM
I find such stories more damaging than inspiring unlike what many of the previous comments see it. I think when these stories like this are advertising bitcoin as something that you could buy in early days and become rich, aka a get rich magic investment. and that is not what we want and that is definitely not what bitcoin is created to do.
of course price is always a part of bitcoin since it is rising a lot and will continue to rise for many years to come but the biggest reason for this rise is that bitcoin is a decentralized currency that is offering something unique that the centralized fiat can not.
137  Bitcoin / Bitcoin Discussion / Re: My reasoning why Bitcoin could collapse (soon) .. privatekeys/publickeys on: June 11, 2019, 02:28:10 PM
Quote
The algorithm to keep the private key a secret is very complicated.
just because something is complicated for you to understand it doesn't mean it is not safe and should collapse! for example you don't understand how the universe works and how earth just doesn't disintegrate but that doesn't mean it should!!!

If such a pattern exists, we would have broken a lot of encryption algorithms by now, but only a few have been broken thus far (SHA-1, among others).
SHA-1 isn't exactly broken. they just found an easier way to find a hash collision which is still pretty hard to find which means you can find 2 messages if you look hard enough that return same hash. other than that you still can't reverse it (find the message by having the hash result) and you can't find a second preimage for it (meaning find another message that hashes to same result by having the hash).
138  Bitcoin / Bitcoin Discussion / Re: Proposed new law to jail Bitcoin holders, miners and sellers in India??? on: June 11, 2019, 02:14:09 PM
Why don't the Indian population just stick up for itself and protest on these issues what you all scared of.

USA, UK, france and many others protest to get their rights corrected why so many Indians just take changes lying down?

I don't think Bitcoin is that popular in India. Localbitcoins only shows 200-300 BTC worth of volume per week. Bitnodes shows only 29 reachable nodes in India.

There probably wouldn't be enough people affected by this for mass protests. Maybe that's the point -- trying to nip it in the bud before it catches on.

you are probably right but those are not good indicators for popularity of bitcoin in different countries. for example localbitcoins is not popular in most countries, and the people usually go elsewhere to meet up and trade altcoins. as for full nodes, people in third world countries are usually using SPV wallets and web wallets instead of running a full node due to slower internet speed, lower spec computers,...
139  Bitcoin / Bitcoin Discussion / Re: Why is using 51% hashing power stronger than using 51% of the people? on: June 11, 2019, 02:01:15 PM
lets not forget that hash power is not controlled by the aliens from outer space! they are also "people" it is just people who were willing to take bigger risks than others so they invested more of their money in proof of work algorithm of bitcoin and are going to make profit or lose a lot if the experiment succeeds or fails respectively. and just because someone has a large amount of hashing power that doesn't make them automatically evil.
140  Bitcoin / Bitcoin Discussion / Re: big banks going against crypto on: June 10, 2019, 08:40:01 AM
it is strange that you are coming up with a new term called "FinTech banks" which doesn't even exist! but as for the big banks and their going against bitcoin is not a new thing. they have always felt threatened by bitcoin because it is out of their control, unlike fiat that they fully control and is their survival. so they have gone against it so that they could at least slow down its mass adoption and their demise.
but it won't last like this. eventually they will realize their defeat and see  that they have no other option but to adopt bitcoin themselves and start changing their structure in order to survive longer or become obsolete if they don't.
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