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12221  Bitcoin / Bitcoin Discussion / Re: cool statement by Anonymous guy nick name 'mosa' : on: July 18, 2019, 03:10:19 AM
sometimes to fight scams you have to spend 24 30 hours in a day debunking their crap and that is exhausting. not to mention that they don't go away. take a look at one of the biggest scams of these days that is being pulled by Craig Wright. he is practically pulling an identity fraud and he has been doing that for more than two years. and no matter how many people and how much they call out his scam, he still continues scamming and there are people who fall for it.
12222  Other / Off-topic / Re: [ARCHIVE] Bitcoin challenge discusion on: July 18, 2019, 02:48:18 AM
Thanks for sharing, I guess I'll try to write some code to bruteforce some of the smallest unclaimed keys, though I don't hope to find anything, cause my CPU isn't very strong. I have a GTX 1060 gpu though, but I only know Javascript so it will be a bit hard to write a program that utilizes my gpu, but it should be possible. Should be a fun pet project that will at least provide me some experience.

there is no  more "unclaimed" keys left with a private keys in small ranges. they were all found a long time ago. now only the big ones are remaining and claiming each is getting harder exponentially as the power of 2 is incremented by one.
if you want to have fun, you can program something. i did that a while ago in c# for small ones as a "challenge" to my skills knowing there is no other reward.
12223  Economy / Speculation / Re: 2017 Crash DejaVu? on: July 17, 2019, 07:39:40 AM
people simply dump their altcoins for bitcoin directly and that never has any effect on bitcoin price in fiat terms. so the reverse meaning buying altcoins with bitcoin can not affect bitcoin price either.
it is not even the same market! it is BTC/ALT instead of being BTC/USD

Slippage: Since ALT/USD markets are so thin (and lots of coins don't even have fiat markets) it's often better to sell to ALT/BTC then BTC/USD.

Arbitrage: When the ALT/USD pairs get dumped, it can create arbitrage gaps between ALT/USD and [ALT/BTC-->BTC/USD]. Arbitrage bots use USD to buy the ALT, dump for BTC, then they dump the BTC for USD.

Both of these activities directly affect the BTC/USD market. So there is an effect.

the first one is correct. and i have even mentioned it on many occasions as the reason for a bunch of price drops that we had in the past. but that is not what @Slowdeath was saying. he was saying people are selling altcoins and buying bitcoin which is why bitcoin price is staying up and not dropping. what you are explaining is exit of money from altcoins to fiat through bitcoin which causes bitcoin price drop.

the second one is valid but i don't think the volume is that high to affect bitcoin price considering ATL/USD is not that popular and doesn't have high enough volumes on its own and arbitrage volume is not that high either. there is also the argument about whether ALT/USD drops first or ALT/BTC drops first, and again considering most trades are done in ALT/BTC i'd assume it would be the first to dump and the ALT/USD to follow in which case it can cause bitcoin price rise in it does anything!
12224  Economy / Speculation / Re: why Bitcoin sudden dump, when it will bounce again... on: July 17, 2019, 06:22:06 AM
Bitcoin facing another bear market suddenly...what would be the bottom price of btc, Is there is any technical analysis to find?
drop is not equal to bear market. drop can be anything from a simple correction to panic sell and even bear traps. this here looks more like a bear trap to me since the market trend is still pretty bullish.
as for TA, it doesn't really work for bitcoin specially on this types of actions in short term.

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Due to this btc dump is there is any possibilities to see hyip in Alt coins.
no, because every time bitcoin price drops, altcoins follow it even harder down. and as you can see in the market majority of altcoins are being slaughtered right now.
the "hype" in altcoins that you are looking for only comes when bitcoin price stabilizes.

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Is bitcoin bounce again?
why not! do you see anything changed in bitcoin to suggest the adoption has stopped?
12225  Economy / Speculation / Re: 2017 Crash DejaVu? on: July 17, 2019, 06:06:16 AM
first of all this "crash" you are talking about wasn't in 2017, it was in 2018. secondly nothing about it is similar. in 2017 we were in a big bubble that was the product of 2000% rise over the course of a year that was the follow up of all the rises that came before in 2016 and 2015 so that "bubble" was the final result of a 3 year bull run of 13233% rise. the follow up was the bubble burst, correction and panic that created a year long bear market reducing the price up to 85%.

right now, in comparison, we are in the recovery stage of that year long drop getting back part of the huge value that was lost mot of it for no reason. there is nothing similar here. if you zoom back and look at how previous peak that you think is similar to this happened you can see that it is a constant rise with your current time settings whereas this peak is a reversal that makes the chart look like a V.

here is what you think is similar (taken from this topic):


if you want to see something really similar then look at the same situations that we had in the past:
this is when we were reversing from the bottom of last HUGE dip after the previous major bubble in 2015. even the size of the rise (~4x) is similar!



and if the price are resisting a collapse should probably be because many people are selling their altcoins to buy bitcoin.
people don't sell their altcoins to fiat then buy bitcoin with fiat to cause a price rise. people simply dump their altcoins for bitcoin directly and that never has any effect on bitcoin price in fiat terms. so the reverse meaning buying altcoins with bitcoin can not affect bitcoin price either.
it is not even the same market! it is BTC/ALT instead of being BTC/USD
12226  Bitcoin / Bitcoin Discussion / Re: The biggest battle for Bitcoin's life is coming on: July 17, 2019, 05:55:48 AM
that is great news if that battle is coming because that battle is the last step for bitcoin to reach the final step of "winning". First they ignore you, then they laugh at you, then they fight you, then you win. i still think we are in the stages of being laughed at and less fight against bitcoin although we are transitioning into that step.

I thought we've already seen it's biggest battle when it dropped bitcoin to $3200, if this one is bigger, then probably we will go back to $1000.

not all battles are about price you know. during such battle we may even see price shoot up to $1 million!
12227  Other / Beginners & Help / Re: Merit System Evaluation - Can You Earn a 1000 Merit in a Year? on: July 17, 2019, 05:43:42 AM
3- Spend your Smerit:

Some people "including myself" don't seem to be wanting to send merit to those who don't participate in the merit system by meriting other members, simply because we all have limited number of Smerit and most of us would like to seem them "circulate" rather than sit in your account doing nothing, you don't necessarily have to merit the members who merit you, i personally usually try to merit lower ranks to help them rank up.

this is a terrible thing to do in my opinion.
one of the reasons why merit was introduced was to "highlight" the answers in a topic that are better than others. in other words should be giving merit to the reply not the person.
12228  Economy / Speculation / Re: How much do you think the President’s recent comments have hurt bitcoin prices? on: July 17, 2019, 04:25:09 AM
I think this price action would happen even without Trump. The bull runs usually have several corrections. 40% correction in the bull  btc market is very usuall. It also likes to test weekly 21 EMA line. We didn't touch that line yet.

i actually don't think it would have happened like this without that tweet. the tweet itself didn't cause the drop as the drop began before it and after it market had no immediate reaction. but days after, the manipulation began and the pressure was put on the market by big sells that pushed the price lower and as $10k was broken the panic also broke out mostly with stop losses.
12229  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a Form of Anarchy on: July 17, 2019, 04:14:55 AM
just because bitcoin is not the same system as we are use to that doesn't make it an "anarchy". for starters bitcoin is not a society to want a government and it is not defying the authority of the government. bitcoin is a currency or a payment system that has its own rules and laws and it is sticking to them. and lets not forget that it all started because the current payment systems were severely flawed and also corrupted and needed fixing.
12230  Bitcoin / Bitcoin Discussion / Re: Why don't US gov buy a trillion worth of bitcoin? on: July 17, 2019, 03:44:03 AM
because bitcoin algorithm is Proof of Work not Proof of Stake aka proof of how much money you have to control the network with more of it! and in proof of work you don't gain any advantage by holding a lot of "shares".
because the market is not something you can control by having a lot of bitcoin. you can cause drama in it but it will be only temporary.
because it will cost a lot of money to get in at this point and start buying a ton of bitcoin not to mention that doing so will shoot the price ridiculously high since the market is still not that big.
because there are lots of easier ways to mess with bitcoin market and its price than to buy it!
because there is no point in messing with the price, government don't care if bitcoin is worth $1 or $1 trillion since bitcoin would do what it is doing at any price.
12231  Bitcoin / Bitcoin Discussion / Re: Imagine that you're new to crypto now on: July 17, 2019, 03:33:45 AM
i don't have to imagine, i just have to remember!
when i got in bitcoin it was 2014 and the price was around $500 and was falling down. it went as low as $150, and although this current trend we have these days has nothing to do with that and has no similarity but as someone who got in during one of the biggest drops in bitcoin history i have to say i never minded it and i still don't. i continue to buy bitcoin whenever i have the extra money to accumulate more.
as for altcoins they have always been the tool to increase the amount of bitcoin i have so i will continue trying to trade the pumping coins.
12232  Economy / Speculation / Re: This bitcoin news writer wants bitcoin price down on: July 16, 2019, 04:16:43 AM
from the day they created this shitty site called CCN, they have been publishing articles with the same exact trend. if bitcoin is rising in the previous couple of days they will be publishing articles that talk about how bitcoin is going to the moon and reaching $100.....0 soon! and when in the past couple of days price has been dropping or even stable with sideways action they publish how bitcoin is dead and everyone is aiming to kill it and how it is dropping down to $1000!

Make no mistake. The federal government wants bitcoin and other cryptocurrencies dead.
They will choke the life out of them through regulation.
if they wanted to kill bitcoin they would have never let it grow and become this big for 10 years!
12233  Bitcoin / Bitcoin Discussion / Re: Would you be mad if satoshi sold all coins they own right now? on: July 16, 2019, 03:41:20 AM
the difference between Satoshi and you is that Satoshi sees bitcoin as a currency which is there to act as a payment system but you see bitcoin as something you only "buy and sell" with fiat and probably only see the monetary gains in it and nothing more. and that is why you concern yourself with questions like this one and waste your time speculating about it!

in other words if some day Satoshi decides to come back, he won't come back to "sell" his bitcoins for fiat because that doesn't make any sense. he would come back to use it as a currency to make transactions.
12234  Bitcoin / Bitcoin Discussion / Re: Creating more bitcoin on: July 16, 2019, 03:16:03 AM
I mean, 21 million isn't much.  Smiley
Being limited is always good, and that's what i think of bitcoin. As a limited edition coins.

7.7 billion people in the world and 21 million bitcoin.  You do the maths.  That would be 0.002 btc each not counting whales and lost bitcoins, so probably a lot less than that.  That only gives you a few decimal places to play with.  If you actually want people to use bitcoin, then you need to make sure there is enough to go round

not every single person on the planet is supposed to use bitcoin! best case scenario is somewhere around 50% of the population to use bitcoin. not to mention that the 0.002BTC may look small when you report it this way but it is big when you see it this way: 200,000 satoshi.
and again as i said before you are trying to discuss about and solve a problem that doesn't exist yet and may not exist for another 100 years!
12235  Bitcoin / Bitcoin Discussion / Re: USA Government Adopting Crypto? on: July 16, 2019, 02:28:41 AM
what you saw is the same thing that has happened before many many times not just in US but in all the other countries. everyone always warns people first about investing in cryptocurrencies because of their volatility which is understandable and i also do that. and then they express concerns about the fact that the unregulated and decentralized nature of bitcoin may attract the wrong crowd.
none of these mean the country is adopting bitcoin though! and more importantly it has nothing to do with the price.
12236  Economy / Speculation / Re: Bitcoin Dominance rising again. What is happening? on: July 15, 2019, 04:40:35 AM
Market dominance is a shitty indicator, we all know why: it is based on market prices.
actually it is because market "dominance" is based on market capitalization which is then mainly affected by the coins supplies. i posted some numbers here https://bitcointalk.org/index.php?topic=5158938.msg51618134#msg51618134
basically we were dividing 16,000,000 by 30,000,000,000,000 and ended up with 40% bitcoin dominance.
today we are dividing 17,000,000 by 12,000,000,000,000 and end up with 60% bitcoin dominance!

of course that is just part of it. the other main reason is the fact that altcoins have been dumping and disappearing to 0 for the past 1.5 year starting from 2018.

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After Bitwise report, where we learnt that many exchanges faked volumes, and ultimately prices themselves, we cannot ignore anymore those flaws.
you can fake volume (which won't affect market cap hence no effect on "dominance") but you can't fake prices without spending a ton of money.

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Another way of looking at the same phenomenon is the following: relative price movements of shitcoins versus BTC over the last 3M

1BTC=1BTC
Elsewhere: red, red everywhere.
EXACTLY!
that is what i have been saying forever! people always look at the wrong values when they check altcoin prices. and the funny thing is that they are all trading them with bitcoin but they look at their prices in USD!!!

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~
What are your toughs?
as an experiment to know why market cap is a bad indicator for "dominance" and to understand the comment i linked above you can go ahead and calculate the REAL market cap of top altcoins by removing their premines and only using their REAL supply that is actually in circulation not locked away somewhere. then you can see that each of them lose at least 70% of the market cap that they currently have specially big coins that have big premines among the top 10 altcoins.
12237  Economy / Speculation / Re: How much do you think the President’s recent comments have hurt bitcoin prices? on: July 15, 2019, 04:17:15 AM
It has seen a 12% loss from the initial Maximum but one should understand that at the same time there are other two major Altcoins that are seeing a huge amount of loss.

1.Etherum
2.XRP

Now we have trading pairs , etherum is very famous already , therefore I do think that is market loss is because of them going down not because of the tweets .

like always these altcoins among hundreds of others dropped "AFTER" bitcoin price went down which is yet another indication that altcoins get dumped whenever bitcoin price goes down.
what you said about bitcoin price going down because of these coins would have been correct if they dropped first and then bitcoin followed which obviously is not the case if you put bitcoin chart on top of each of these coins charts and check the timing of the drops with seconds accuracy.
12238  Bitcoin / Bitcoin Discussion / Re: Now it's an all out war : Government Vs cryptocurrencies on: July 15, 2019, 03:44:23 AM
Now there is a statement how they are proposing companies to stay away from the digital currencies .
wrong.
it is proposing to prevent them from creating their own cryptocurrency like what Facebook is trying to do and practically start printing money out of thin air.

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In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
wrong and this is not new, it has been going on for a couple of years now and the recent bill had nothing to do with jailing people for using bitcoin, it was misinterpreted by the shitty news sites.

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We have already seen how China banned Bitcoins so did many other countries...
wrong. China has never banned bitcoin!
12239  Bitcoin / Bitcoin Discussion / Re: Trying to make sense of bitcoin on: July 15, 2019, 03:21:17 AM
as i always say, you can always create a better coin than bitcoin since bitcoin isn't perfect. but to do so you will have to spend a lot of time and innovate
Yeap. And if some developer actually has a good idea for a cryptocurrency, chances are, they might be able to implement it to Bitcoin instead of creating another new coin.

But then again, anything can happen really.

actually bitcoin design is set in stone and there are a ton of things you can not change. and many ideas require fundamental changes in the protocol which can not be implemented in bitcoin at all. so the ideas that can actually be implemented in bitcoin are going to be limited.
12240  Economy / Service Announcements / Re: For love couples, true Bitcoin adoption on: July 15, 2019, 03:09:11 AM
i find it absurd that you don't even have bitcoin payment and you want to "add" it alongside other options. in my opinion you should only have bitcoin payment and nothing else! simply because someone who doesn't have bitcoin, doesn't know what bitcoin is and wouldn't care about its blockchain and what OP_Return stuff they are going to put in it. things like this only work for bitcoin enthusiasts.

apart from that i do believe that OP_Retrun should not even exist in bitcoin and should not be used for these things because bitcoin blockchain is a public ledger for storing transaction (money transfer) history not random data.

in any case here is some feedback:
- the price seems high to me! 8.90 Euro for just creating a transaction that can cost as low as 1 cent!
- the button to go to next page has a triangle which suggests clicking them would open some sort of drop down not go to next page!
- to agree with disclaimer there is a "button" saying "No, I do not agree" which user has to click so basically he has to click "I don't agree" to agree. it doesn't make sense, change it to 2 buttons each button doing exactly what its text says or a radiobox.
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