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it is fun and all but we seriously should stop feeding attention to attention whores who are desperately seeking it. all his scams depends only on the attention that the community and the media gives him otherwise his attempts would be futile. that is how they pumped their shitcoin recently with the "fake news" about copyright and US gov.
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Craig Wright is sneaky, but a lot of people know that bitcoin core is the only and real bitcoin,
there is no such coin as "bitcoin core", the name is "bitcoin" without any additional words appended to it. the name "bitcoin core" is the name of the full node implementation of bitcoin aka the client. i think you should stop reading /r/btc and bitcoin.com |
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FOMO is not something that happens once and at a particular price, FOMO is happening every day and at all prices and we have many different types of it with different levels of "fear".
for example when price reversed out of $3100 we had a FOMO, but a small one as price went up to $4.2k and the "fear" factor in that was small too. but then when we broke the $4.2k resistance the bigger FOMO began and price shot up to above $5k. then we have seen 2 more FOMOs as price kept pushing upward and as people "feared" more and more about how they were missing out on the rise.
so in other words from the bottom ($3.1k) up to $8k+ we have already had multiple FOMO cases with at least 2 big ones. and we will continue seeing different types and levels of FOMO.
$10k breakout will be newcomers mostly and a moderately size FOMO, the $21k breakout will be a lot more newcomers and a much bigger FOMO and finally the biggest FOMO will occur near the end (similar to 2017 and the rise from $9k to $20k in one month) possibly at $80k to $100k.
Tom Lee agrees. He was always in FOMO for the whole year during the 2018 bear market. He never stopped telling all his interviewers about his price prediction of $25k. If he was in Game of Thrones he would be called Tom Lee the Brave, the slayer of bears hehehe. In any case, is it the right time to listen to Tom Lee? if Tom Lee was in GOT he would have already been killed since they have already killed everyone in that show and there is nobody left anymore  it is never a good time to listen to anybody when it comes to bitcoin price predictions specifically those who have been making lots of predictions all year long no matter their correctness because all those that are throwing predictions at us are doing it for their own benefit and most of them are saying random numbers without basis. |
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Hi there. Its not bitcoin but an altcoin.
Okay i go to the coin on coinmarketcap. I click on block explorer? Then enter the txid? There is only one explorer for that coin i use. Why the other coins like the one you mention have 3 different block explorers?
that is correct. as for the last question: block explorers are also websites that earn money from the traffic they get every day (from their banner ads for example) so when a coin has more popularity, these sites get more traffic so there is more incentive to create them and as a result more people build one. |
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Anyway, $6000 is a likely and easy target for a retrace before ahooting higher scores. Halving is just a few months from now and I'm pretty sure we're set to cover good gains by then.
I think if we go to test $6000 it will fall apart effortlessly just like how we blasted through the 2018 support effortlessly this year. $5000 is still possible in my opinion and it would be a higher low on the charts. Nothing is certain here, but I would dare to say that $3xxx prices won't be seen anymore if Tether doesn't implode taking the whole crypto market down with it. That's the only risk I see in the mid term. Short term speaking an implosion of Tether will turn this market in a war zone, but in the long term it will add more credibility to the ecosystem and we have gotten rid of a massive point of failure on top of it. Another benefit is that you're granted another chance to buy at much lower prices.  Tether will implode but i don't think it is going to do that any time soon, it seems like they are just getting warmed up and nowadays people seem to be trusting these centralized high risk exchange coins more every day for some reason that i can't yet figure out. as for price, i don't see any reason for a drop, specially that big to $6k! and even if it happens it will be one of those sharp drops with a sharp recovery that look comical on the charts. |
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based on your posts all over this board i think you must try and remember how you created this set of words. that way you can have a better chance of knowing what rout to take. there is a lot of possibilities with 12 words, maybe it is recovery phrase of some service that had custom seed implementation, maybe it is your brainwallet that you have forgotten,...?
one question: do you have any of your addresses?
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Difficulty isn't based on bitcoin price but hash rate. There is a reason professionals exist, they do things other people can't. They do things that are hard. I've spent over a year perfecting my metrics. If you would rather fly blind without instruments that is your prerogative. I will use my altimeter thank you.
difficulty is based on hashrate but affected by the price, it doesn't move as fast as price moves during rises and falls but it moves in accordance with it. and i am not "flying blind", i am asking what makes you think you could calculate cost of mining and what makes it accurate enough to be considered reliable. you can't expect us to take any data presented to use blindly! specially when you are not the first one to come up with this... |
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I believe that the largest players in bitcoin are the established miners. These are the whales. Currently they have around $2.5 billion invested in active infrastructure and they spend around $3.5 million/day in electricity. There is no larger player active and invested in bitcoin than the miners.
obviously when you combine thousands of people together, they become whales! when combined, traders have invested $140 billion in bitcoin! With this metric you can see the price they pay to make a bitcoin. The price they pay vs. the bitcoin price will surprise you.
and how do you calculate that? there is no way you could figure out the cost of mining because there simply is too many variables from the electricity cost to labor costs, cooling cost, rent, and even in some cases bribes. so i am wondering why do you think the numbers you have come up with to build these charts can be correct? Plus I have never seen anyone answer the question of why BTC doesn't go to zero. With my metrics I know why it doesn't go to zero.
and you would be wrong to rely on that. what you are forgetting is that how much it costs to mine bitcoin (whether it currently is $5000 or $7500) it is determined based on difficulty and that is determined based on bitcoin price itself. so in other words if price fell, difficulty would fall and cost would reduce. similarly it increases with price rise. NOT THE OTHER WAY AROUND! |
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This is actually a very good question. There should be some correlation between Bitcoin and the stock markets, but this correlation seems to happen in a strange and indirect way, not like a direct action-reaction mechanism.
No I don’t think that Bitcoin is following stock markets lead, as both are completely opposite and have no correlation with each other. It's more nuanced than Bitcoin following the stock market. That's not what is really happening. My contention is Bitcoin is benefiting from this bullish era of heightened risk-taking and speculation in the financial markets, and the easy credit that's helping to produce it. I think when the trend finally flips and we finally do experience a significant contraction in the markets (and this could still be several years out), money will flow out of everything just like it always does in these situations. That applies to gold, Bitcoin, whatever. There is no such thing as the perfect hedge when every aspect of the economy is being downsized. That's what happens in a contraction/recession. then your charts were posted here out of context because here i am talking about the statements that people were making recently about the "short term" following the stock market. for example they were saying the week(s) that stock market crashed and bitcoin price crashed was an indication that bitcoin is following stock market's every move which is clearly not the case. as for long term what you said is an interesting theory but it were true then it is only one of the reasons. the main reason for bitcoin rise in my opinion is its growth and adoption. stock market has been around forever while bitcoin is still new so there isn't actually as much "new money" going in it as it is bitcoin. also bitcoin is global while stock market is not! |
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~
you should click preview before setting fee to lower than 1 s/b. here are the steps:  3374120 = 0x287c330000000000 3375000 = 0x987f330000000000 45505446ff0002000000000101f986276600cd73853eb4bb0f19cf268c1f76a5c4c08d17bac0351 ff3c 647b9882a00000000fdffffff01 287c330000000000160014f913638202550e3dc872f3b22443a5027c d7ed99feffffffff987f33000000000000000201ff53ff04b2474601eaf2ae8580000000cf38e49 fe705077 6ee853c96ba4586eef5174e5af04f5875bfeaca63a518c11003e0b4cdc469de81434fed3e70fbee 77b3 48322a33fcb1c4e3cc638bd07680a00a0000000095ce0800 change to: 45505446ff0002000000000101f986276600cd73853eb4bb0f19cf268c1f76a5c4c08d17bac0351 ff3c 647b9882a00000000fdffffff01 987f330000000000160014f913638202550e3dc872f3b22443a5027c d7ed99feffffffff987f33000000000000000201ff53ff04b2474601eaf2ae8580000000cf38e49 fe705077 6ee853c96ba4586eef5174e5af04f5875bfeaca63a518c11003e0b4cdc469de81434fed3e70fbee 77b3 48322a33fcb1c4e3cc638bd07680a00a0000000095ce0800  it can successfully sign the transaction with no problems. then you will have to find a way to broadcast this which is the problematic part. |
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Well, it definitely proves that Blockchain Technology is not only good when it comes to cryptos or its transactions but for anything we can think about.
first of all something written on some news site is hardly proof of anything until we actually see things like this in action. the media tends to publish all kinds of crap that most of them aren't even real! secondly, the real question you should be asking is WHY and WHAT is the benefit. the answer is nothing. this system being described here already exists with a database and works perfectly fine, and most importantly is working efficiently. using a blockchain is not going to improve that but instead make it less efficient and more expensive specially if you use a third party platform like ethereum, before the company had to just add a new entry in their database but now it would have to "pay" hefty fees to include the same thing in an inefficient database called ethereum's blockchain! so i ask again, what is the benefit of this and why would anybody want to do this? |
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I guess I'm looking at the survivability. if all of a sudden something happened where majority of these ASICS got shut down (within 2-3 days, 80% of ASICs are taken offline) for whatever reason. What is going to happen? will the 20% of the ASICs left from rest of the world, going to handle the hashrate?
What's going to happen is that finding blocks is going to slow down for a while, and then go back to normal once difficulty adjusts to the lower hashrate. with only 20% of the hashrate it will take hours to find any block and as a result the difficulty adjustment target which is happening every 2 weeks or 2016 blocks will take a lot more time to be reached. in other words we may not see any difficulty adjustment for months. keep in mind that because sudden loss of 80% of the hashrate is an impossible thing, this scenario is also considered an unlikely one and as a result if it happens, it will require special actions such as a fork at that time to solve the difficulty problem. |
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scams have been happening for as long as the human race existed and laziness was a part of its nature. probably in stone ages when man found fire, someone scammed him and stole his fire too! but scams have never stopped anything because they only target a certain types of people, the idiots who believe anything. and they only shape up a small part of any community. in fact if cryptocurrency would need to attract more people in order to reach mass adoption and maybe become worldwide (while still prioritizing its values in that case decentralization among others), it will be a requirement to have a secure place.
being secure is not about whether someone pulled a scam or not, it is about how easy it was to pull that scam. for example being secure for bitcoin means whether you can steal someone else's bitcoin from their wallet not whether it is easy to fool them into giving it to you. |
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no, he is not Satoshi.
no, he had nothing to do with bitcoin in early years or even afterwards apart from maybe buying some after many years
he is simply scamming and so far he is (legally) getting away with his scam although it is one of the most obvious scams! and doing that he is trying to make a lot of money through different ways from his shitcoin BSV to scamming a bunch of companies.
as far as i understood this it not a "patent" but only a "copyright" claim which anybody could make just as easily and have it listed on that .gov website and it doesn't mean anything since it is not even approved. it is just showing such submission (claim) exists.
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that is what happens when people are blinded by greed and want to jump in head first without first using their heads and thinking. not to mention that entering something that you are new to and have no prior experience in is already bad enough, it is like not knowing how to swim but jump in the ocean during a storm and want to swim across it!
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~
in order to compare two different charts you need to compare them within the same time frame not different ones. so in this case if you correct the time frames in both images, you will get something like this (S&P chart is on top and bitcoin chart is at the bottom):  as you can see the trends do not match at all except some rare coincidental cases. i only highlighted two obvious cases here. |
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you can't generally tell everyone to to use web wallets! we wallets, like any other tool, have their own purpose and usage and people should learn to only use them for that purpose. for example Coinbase in my opinion is an excellent starting point for newcomers who are lazy to learn more about bitcoin or are "technically challenged" and have trouble with computers in general! someone like that will have a much easier time using a website like Coinbase to buy bitcoin, sell bitcoin, and store bitcoin all in one place in an easy and user friendly way and more importantly in a way that they may even be already familiar with (like using PayPal) and there is nothing wrong with starting with Coinbase in this situation.
but if you are using it to store your bitcoin and if some time has passed and you no longer are a "newcomer" then that is the problematic part.
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The only way to make the transaction is by using other tools like coinb.in by exporting the required private key(s) for signing ~
you don't need to import the private key anywhere though. you just have to build the transaction elsewhere and then import the hex (raw unsigned transaction) into your Electrum and sign it that way (it is safer). or if you are familiar with a transaction structure you can simply build one with Electrum, click preview, copy the hex and manually edit the amount to have a lower (or 0 fee) and then import it in Electrum and sign that. that way everything is done inside your wallet without needing another tool. |
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Mostly is China I believe. About %80-85.
lets first clarify whether you are talking about a hypothetical situation or the reality because in reality the hashrate that is coming from China is nowhere near that percentage. it is probably closer to 20% at this point if not lower. what you may be referring to is the mining pools with high hashrate but they are "pools" not "farms". a pool is where miners from all around the world can connect to (like a server) and share their work. those servers aren't all in China! think of bitcointalk for example of a pool. it was registered by someone in US, but that doesn't mean all the 2.6 million users of bitcointalk are from US. like miners connecting to a pool, the users are connecting to bitcointalk from all around the world. |
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