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12361  Economy / Speculation / Re: A video on bear waves, we MAY be seeing a huge fake out on: June 27, 2019, 03:35:19 AM
Agreed. It took around a month to go from $5,000 to $6,000. To me, that felt like a  reasonable and sustainable rate of growth. Now we have gone from $6,000 to $13,000 in 6 weeks, which is frankly ridiculous. This feels too much like Q4 2017 again, and I am expecting a big pull back to happen at some point, but whether it hits now or it hits at $40k, I wouldn't pretend to know.

My theory is that this rapid bull market is caused by the halvening FOMO - so many people expected that Bitcoin will enter a bull market in 2020, that they triggered it one year earlier by massively buying in the stagnating market, which caused even more buying, and then it started looking like a new bull run, which added even more FOMO. But this can mean that this bull market will be over before the end of the year, because it is very fast, way faster than the last 2 cycles.

maybe but usually people put off these things until the last minute. even though there has been a lot of talk about halving these days but there has been a lot of talk about it when price was falling down from $6k also. so if they wanted to buy they would have done it then.
plus each time in the past, they have always FOMO bought in 1-2 months before the halving not a year before it.
12362  Bitcoin / Bitcoin Discussion / Re: What's bitcoin worst case scenario if Libra will be successful? on: June 27, 2019, 03:21:30 AM
would you say Paypal is successful? i'd say it is. what happens to bitcoin when Paypal is successful? absolutely nothing! why? because it has nothing to do with bitcoin. it is a centralized anti-privacy payment system that is censored and isn't even global despite being on the web.
Facebook coin called Libra is exactly Paypal with a different name.
12363  Bitcoin / Electrum / Re: Ellectrum Send Issue on: June 27, 2019, 03:09:36 AM
This error message usually means that the server you are connected to is malicious in nature and blocking your spending transaction. You should just learn to switch servers properly (hint you have to right click and choose use server). Try one of the bauerj ones.

i don't think that's correct in this case because of the third line of the error message which clearly indicates the reason. the malicious servers return an error message that can not be parsed which then would show a different message to user which has no "reason" in it.
OP's transaction has dust output in it and since 99% of the nodes are enforcing the same rules i don't think changing servers would help him at all.
12364  Bitcoin / Electrum / Re: Think I've been Phished on: June 27, 2019, 03:00:40 AM
sorry for your loss but this is already an old phishing attack that was using a vulnerability in older versions of Electrum to show users a message directing them to a fake website and telling them to download a fake Electrum version. if you ignore that message or if you followed the basic security protocols and tried verifying signatures before installing anything, you wouldn't have lost any coins.

as for your AV, most of them are recognizing Electrum as having malware. it is a false positive. if you want to feel safer then download the source code and compile it yourself after reviewing it.
12365  Economy / Speculation / Re: Bitcoin dominance hits 60%, alts lagging behind on: June 27, 2019, 02:45:20 AM
I have to say it's incredible how BTC are gaining more dominance, at least I don't have a large portfolio and I'm holding more BTC and ETH, for the ones who have more alts, this is time to think about selling and enjoy BTC rising, or wait until alts grow up again

If most of my portfolio is made up of alts, I would be selling them without any delay and moving to Bitcoin. The trends are clear and it is only going to solidify once the bull rally matures. Even the well established alts such as Ethereum are unable to keep the momentum, and the lower ranked alts are faring much worse. My advice is to cut the losses and move to BTC.

altcoins such as ethereum are just big not established. they are centralized so they have a lot of money to advertise it and also do pumps. with the hype they got where they are which is not dying off. in the end these coins are no different than the rest of them and it is going the same rout of decay over the long term.
12366  Bitcoin / Development & Technical Discussion / Re: Why Bitcoin Testnet Chain Is Longer? on: June 26, 2019, 05:40:31 AM
that is because TestNet difficulty is designed a little differently than bitcoin's MainNet difficulty so that it can drop to 1 if it took more than 20 minutes to find a block. that way we can ensure TestNet goes on without getting stuck due to high difficulty and lack of hash rate.
but at the same time dropping difficulty to 1 means you can find blocks with your CPU (with a little hashrate) and if someone has a higher hashrate (like using their ASIC) they can mine a ton of blocks in a short time. that is why there are a lot more TestNet blocks now.

Quote
BTW, Is It Possible To Pre-Build A Transaction Before The UTXO Is Confirmed?
you mean spend an unconfirmed transaction? yes that is possible.

Quote
And, Where To Ask Question About Lightning Network(Are There Any Thread Dedicated To It?)?
open up a topic if you can't find the answer to any questions. asking in a dedicated topic can bury questions.
12367  Economy / Speculation / Re: A video on bear waves, we MAY be seeing a huge fake out on: June 26, 2019, 04:51:23 AM
you can't talk about bear market and bull traps when we have been in a solid bull mode for nearly 5 months. specially since it was an obvious reversal after over a year of drop that was as big as 85%!
that only can be true when it is the start of it the bull market and price is just starting to go upwards.
$4000, no, $3100 was not just a bargain it was a wet dream come true. basically anything below $6k was a golden opportunity Cheesy

he keeps repeating "bitcoin has not bottomed" because he is one of those who were waiting for $1000 and dumb low prices like that... and what do you know he actually says that number after 15 minutes. you can't expect price to drop 99.9999% before you are satisfied and call it "bottomed"

arguing it  took X months to recover from previous bottom and now it is taking shorter is dumb

I was here in 2015 and that coincided with the tx malleability hack of the time (I think) ...
what malleability "hack"?
12368  Bitcoin / Electrum / Re: Sign MultiSig Transaction in Electrum (created in Core) on: June 26, 2019, 03:55:27 AM
the only thing you can do to make it work is if you are a programmer and write a "translator" app that can take as input the format that each of these wallets give out and then convert it to the other wallet's format that it can understand. it isn't that hard to write something like that either, it just takes time. you can use this link to get started: http://docs.electrum.org/en/latest/transactions.html and use Electrum's source code for detailed information.
12369  Bitcoin / Electrum / Re: How do I set up my Electrum Wallet to Legacy? on: June 26, 2019, 03:47:11 AM
I am trying to use my Electrum Wallet but it keeps saying my Receive Address is "Invalid" I read online using Legacy should fix this problem.

if you have the latest version of Electrum and enter an address in its address field and it tells you it is "invalid" then it means it is "invalid"! changing your wallet type will not change a thing. try checking what is wrong with the address you are pasting in that text box.

how much is is the smallest amount of Fee I can use without risking ~
the smallest amount of fee you can use is 0
the smallest amount Electrum lets you use is 1 satoshi per byte
the smallest amount that you can use to have a high priority transaction (aka a tx that confirms in the next block) changes every second so there is no easy answer to this. the only thing you can do about it is to check the slider, change it to a number that says "Target 1.0 MB from tip" to have the smallest fee while the highest priority.
12370  Bitcoin / Bitcoin Discussion / Re: Am I screwed? on: June 26, 2019, 03:38:06 AM
you are never screwed just because you sold at some price and then price started going up. instead you are screwed when you see that rise clearly but instead of correcting your mistake and buying back at a small loss, you decided to wait until you are in a much bigger loss and still not buy back.
you are also screwed because you entered a market and started trading in it that you had no understanding or experience in.
12371  Economy / Speculation / Re: Bitcoin dominance hits 60%, alts lagging behind on: June 26, 2019, 03:24:25 AM
when you look at a fake number, all your conclusions are going to also be fake.

"dominance" that coinmnarketcap.com reports is completely fake because the number they are calculating has nothing to do with actual "dominance". it is simply a ration of bitcoin's market cap against total of 3000 altcoin market cap.
when things are calm these shitcoins get pumped and have their market cap increased and decrease that percentage. but when bitcoin is rising, all these shitcoins get dumped so their market caps go down hence that number goes up.
additionally when bitcoin has risen for some time there is a lot of newbies in the market then a ton of new shitcoins are  created with massive market caps which then decrease that percentage!

then you look at that fake number and think bitcoin dominance is changing!!!
12372  Bitcoin / Bitcoin Discussion / Re: Ready to sue the miners? on: June 26, 2019, 03:13:25 AM
Now we see that Bitcoin is going wild again. Why did Bitcoin fall the first time, from $20,000 at the end of 2017, to $3,500 by the end of 2018?

Basically because of miner's fees.
wrong.
price started falling from $20k because $20k was a bubble. it reached $3100 as the bottom because near the end the whale manipulation was at its peak. it had nothing to do with transaction fees.
this is not the first time we see a roller coaster action from bitcoin. the $20k bubble was repeated at least 4 other times before in the same exact manner!

Quote
Transacting in Bitcoin wasn't profitable, because miners got together and raised their fees so high that it wasn't worth trading Bitcoin.
i seems like you think bitcoin is a centralized bank with miners as its owners!
the reality is that miners are only workers that we have employed to do the "job" of finding blocks. the fees went up because of the fee war due to number of transactions wanting to be in blocks surpassing the size of the blocks.

the only thing you can blame miners for is whether or not they were participating in the spam attacks of 2017 and whether they were one of the many groups that deliberately spammed bitcoin to increase the backlog and start the fee war that increased the fee. but that would be a speculation and an entirely different discussion.
12373  Bitcoin / Bitcoin Discussion / Re: How mutiply the BTC with your own gains?? on: June 25, 2019, 04:07:13 AM
usually when you are not "day trading" and instead are making an "investment", you do it in a longer term not just after a short time like a month. as a result you would be looking for a higher profit that is bigger than the 6% that you mentioned in your example before you think about taking any profit out.

the other matter that you consider in your scenario is the situation with price. meaning since you are not day trading you want a major rise and a top that is going to be followed by a big correction. using the rally of 2017 as example you want a price like what we had on September 1 and sell there then wait for a week or two for the correction to come to an end and then buy back which would be the profit after about a 100% rise and the drop/correction of 20%
12374  Other / Beginners & Help / Re: blockchain com on: June 25, 2019, 03:51:46 AM
the reasons in decreasing order of seriousness:
- it is a web wallet which means you have to visit a website to open it, although everything happens in your browser and they only store the encrypted wallet file but there still are a lot of risk involved that can lead to losses. specially since browsers aren't the safest thing with their JavaScript!

- although they have released the source code, you are still accessing a closed source website which you can't know what actual code is being run by them.

- in the past their platforms had very serious bugs that has led to loss of funds (like usage of random.org for entropy generation!)

- their platform still has many minor bugs that have existed for years and are well known but not fixed since they are not serious.

- their wallet and explorer don't support new features of bitcoin that were added nearly 2 years ago called Segregated Witness.


as for the wallet to use instead, read the sticky topic in this board about wallets.
my suggestion is that you start with Electrum. since it is light and user friendly. but you have to learn how to use it correctly, start by learning how to verify PGP signatures since you need to verify the authenticity of the binaries you download.
12375  Bitcoin / Electrum / Re: Electrum Phishing Attack 2018-2019 – A closer look into the stolen funds. on: June 25, 2019, 03:32:17 AM
You cannot call it "hack" because it implies Electrum is at fault when it isn't.

technically Electrum is never at fault no matter what the incident is, because it is open source and released under MIT license which means the program is released as is without any guarantees and they are not liable.
but this case was an exploitable bug that existed in the application and like any other application out there that is normal.
12376  Bitcoin / Bitcoin Discussion / Re: I Have Found Satoshi Nakamoto on: June 25, 2019, 03:08:23 AM
49616D5361746F7368694E616B616D6F746F 2B36323832313434343135343530

i'm not sure what you are trying to do with this phone number, is it some sort of scam that you are trying to pull?
12377  Economy / Speculation / Re: Analyst claim Bitcoin will easily surpass $15,000 if it gets $10,000 on: June 25, 2019, 02:50:32 AM
$10k itself is a hard resistance to break and it will take quite some time to break it at this point because many will be selling their bitcoins there creating a stronger resistance and prevent the rise from completing so you shouldn't really expect 50% rise right after the $10k was broken not to mention that 50% rises aren't that easy in bitcoin to begin with.

I think 50% price increase is possible for Bitcoin as we have already seen in the market charts that from the lowest baseline of $3,200 the price doubled after 2 months until it finally hit the $10,000 mark in which it was already a more than 200% rise up performance. If this fast market movement will repeat again then for me 50% will be just a piece of cake but except if the price are manipulated then a normal add on of atleast 50% is really difficult.

these bigger rises are mostly because of FOMO from certain type of investors. the type who got so greedy at some point in the past couple of months that they decided to wait for a gigantic unreasonable drop to to stupid levels such as $1000 to start buying then. most of them fell for FUD and were stupid enough to believe it.
as price started rising, these people stopped believing in that FUD and started coming back. on each level a big part of that group FOMO buys back in hence the big jumps.
now that we are above $10k i believe most of them are already in and to see $15k we either have to see a slower rise or if a bigger rise happens it needs new kind of FOMO from new investors.
12378  Bitcoin / Bitcoin Discussion / Re: CEO of Bank of America: “We Want a Cashless Society” on: June 25, 2019, 02:44:25 AM
This has a very high impossibility. Why ? The reason is that today still the majority if people don't know the digital currency or payment gateway. They are still accustomed to using cash payments, which of course is still an obstacle.

maybe somewhere in Africa that they don't even have electricity but in the rest of the world even in under developed countries, the world is moving towards more digitization and part of it is the usage of "digital" money which consists of digital banking, payment processors, credit cards and recently bitcoin which introduced concept of cryptocurrency and blockchain technology and is becoming more and more popular every day.
of course what this bank means is that they want to get in and create their own centralized blockchain based token.
12379  Economy / Speculation / Re: Will Bitcoin will correct back under $10k or are 4 digits gone for good? on: June 24, 2019, 05:08:09 AM
since $9k range isn't that far anyways then it is easily possible to see it again but technically speaking there is no reason for it to happen anymore as we had the rise to $11k+ and the correction of that which brought the price back to $10k bottom and started the slow accumulation for the next leg up again.
the only case where a drop is possible is when some kind of panic happens with some whales playing with the market temporarily kicking the price down before it bounces back up.
as a trader i wouldn't count on it that much but if you want you can always roll the dice and place buy order(s) in that range.
12380  Economy / Speculation / Re: Where's FOMO at? Tom Lee on: June 24, 2019, 04:47:06 AM
with the way price is slowly rising instead of an excited jump towards $10k, it may not even be possible to see a drop or reversal after hitting that target. so the emphasis people are putting on $10k as the target where short term traders sell their coins may not come true as we may even see the actual FOMO kick in after breaking that resistance and the sheer amount of money jumping in can prevent price from coming down.

This is really good, what's happening is a clear bullish movement and I $10,000 is close and it's just around the corner.
There might be some correction but I guess when $10,000 will be broken, we could go higher, maybe over $11,000 before the correction starts again.

it seems like this is exactly what happened. we saw a small FOMO as i predicted last week, which brought the price higher instead of letting it go back down after breaking the $10k resistance and the correction happened after going above $11k ($11250 to be exact) instead of after $10k.
the more interesting part is that the momentum is still there and if it remains this way we can see higher prices before June ends.
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