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13221  Economy / Speculation / Re: JP Morgan creating their own bitcoin storyboard with the help of Bloomberg on: February 21, 2019, 04:24:49 AM
I shake my head at this. This is fake news that was created by the corrupt journalists in Bloomberg and was paid by the scammers from JP Morgan to release it to the public.

Bitcoin Gets a Boost From JPMorgan’s Embrace of Cryptocurrencies

they are just taking advantage of a coincidence to increase their influence on bitcoin price so that they can make more profit in the future if another good opportunity showed itself. we have no one else to blame but ourselves since when their CEO spread FUD about bitcoin everyone panic sold and helped them crash the price and buy cheap coins. now they loved it and want to repeat it in the future too. this is just the groundwork.
13222  Other / Beginners & Help / Re: How to know a good crypto. on: February 21, 2019, 04:17:02 AM
It's a relatively simple flowchart:

Is Crypto BTC or ETH? --> Yes --> "Good Crypto"™
      |
      |
      v
     No
      |
      |
      v
  Shitcoin™

Tongue

that is opinion oriented mostly Smiley
i personally categorize ETH as a shitcoin because it is centralized, it had a premine and an ICO, it is not immutable, and it has lots of bugs and exploits.
and anything else that you categorize generally under "shitcoins" has good projects in it too. they are unpopular but they are a lot better than coins like ETH!
13223  Bitcoin / Electrum / Re: Restore wallet using BIP39 on: February 21, 2019, 04:10:07 AM
Do you have an already modified offline files that can be downloaded? Or just a fork of https://github.com/iancoleman/bip39 with the edited code?
Because newbies and some Electrum users will find it useful at times like this; manually editing the code themselves is much of a hassle or out of their expertise (though HTML can be edited using notepad and pretty much basic, some may find it hard).

You're a trusted member and if it is hosted in Github and a fork of the original, most members will trust it.

+ it is never a good idea to mess around with things you have no experience in and don't understand. it is not just about capability of editing things, it is about understanding what you are doing. so i'd say a newbie trying to edit code even if they follow some walk-through is never going to end well. 
13224  Bitcoin / Bitcoin Discussion / Re: Smallest Bitcoin block on: February 21, 2019, 04:00:50 AM
https://www.blockchain.com/btc/block/00000000000000189ad9b20ed103ac14ca5c08ecfb0f5a0f538e4678f4535c46

The same happened on this one too, wherein the block only contained a single transaction for the block reward. Idk if this is possible to do on a cumulative manner, though one thing I know is that it wouldn't be beneficial for the miner (in terms of profits) and the network (in terms of included transactions in a block) in the long run.

by the way that is the smallest block that has ever been found. it is the smallest because of the following:
- it doesn't have the OP_Return that most other coinbase transactions have.
- it only includes a very small (10 byte) scriptsig unlike others that usually put a bigger thing there. like the tx in OP which has a 75 byte scriptsig.
13225  Economy / Speculation / Re: Best Way for Bargain Hunting in the Bear Market! on: February 21, 2019, 03:39:02 AM
I can say you are right about the first advice but others I don’t really accept them. There are pretty many ways to make money even in bear market and some platforms offers the option of shorting which many people has gained from it in the past months especially with bitcoin. Mining is what I like b cause I thin it’s  kind of a Ponzi scheme and many of them do fold up at some time in the business. Nothing last for long, as a good trader you should be able to profit both in bear and bull. It’s just about knowing the right thing to do and do it diligently.

I agree with the opinion that there are many ways to make money even in bear market, but I'm disagree with what you are saying is the opinion 'mining is a kind of Ponzi scheme', because from my understanding, 'buying the hashrate' and 'buying a machine to get btc' are totally two different things. Most of comments above said 'buying hashrate' (which equals to 'cloud mining') is a Ponzi shceme, though I still do not know why they say that, I think maybe most of cloud mining companies are frauds in nature.

why? years of experience in seeing new cloud mining companies coming up and say they are legitimate and provide all kinds of weird "proof" and then go belly up after a while because they were Ponzi schemes. it is not a profitable business so they have to do other things to make ends meet. and it has always been like this.

here is a topic you can read for more information: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
13226  Bitcoin / Bitcoin Discussion / Re: Elon Musk calls cryptocurrency 'brilliant' while predicting end of paper money.. on: February 21, 2019, 03:32:20 AM
anybody with half a brain has always understood the brilliance of bitcoin and saw the long term potential of it by simply looking past the price and drama that always surrounds bitcoin.

Pretty exciting, hopefully some good press can help keep this week's run going!

"good" stuff like this is always around even during the downtrends but they can never change the trends. right now we are trying to break a resistance and it won't be changed with news. it will take time and multiple tries before the breakout happens.
13227  Economy / Speculation / Re: Bitcoin price will not go above $4,000 on: February 20, 2019, 05:40:03 AM
**All of the above is a pure speculation.

i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying.

What's the difference between a speculation and an opinion? Aren't these the same?
You could speculate that Gold will rise to $2,000 and you can have an opinion that it will rise to $2,000
What's the difference?


not exactly.
an opinion is just an opinion. it doesn't have to be true or based on any facts. it is more like how you feel. it can be true or false but whatever it will be, it will be that based on luck. think of it as taking a shot in the dark and having the chance to hit the target.
opinions without logic don't matter and are not worth sharing.

an speculation on the other hand has to be based on facts and analysis. it has to be close to reality. so for example when you say "gold will rise to $2000" you have to have analyzed the market and checked the facts then come up with that speculation. this can be technical analysis, fundamental analysis, ... and then choose a number based on that analysis. not just because you feel like gold should rise so you chose a random number (a round number at $2000) and say it will be that.
speculations matter and are worth sharing.

what you did here is that you made a vague statement ("because there isn't any fundamental behind it") and then based on that you said bitcoin should fall!
13228  Economy / Speculation / Re: Bitcoin price will not go above $4,000 on: February 20, 2019, 05:10:32 AM
**All of the above is a pure speculation.

i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying.
13229  Economy / Web Wallets / Re: Anyone using Block.io ? on: February 20, 2019, 05:00:13 AM
i used to use them back in 2014 when i was still new and i wanted a Doge and LTC wallet to store these two coins there since i didn't know of any light wallets that could do that back then. i remember their services being pretty bad compared to blockchain.info which i was also using and it had some bugs in it too.
if you want to use it for accepting payments (as a wallet through API) i suggest looking into alternative options of doing it directly yourself without giving control of your private keys to them.
13230  Other / Beginners & Help / Re: Is it possible buy BTC at lower price than exhange? on: February 20, 2019, 04:50:32 AM
It's possible, but most likely people who sell BTC lower than exchange price have various reason (from legal, gray and illegal reason) such as :
1. His/her coin is tainted (comes from dark market, illegal activity or victim when someone pay him/her with tainted coins)
2. He/she want to stay anonymous or don't want give his/her identity to anyone
3. He/she wants to scam other people
4. If he/she trade BTC with gift-cards, there's probability the gift-cards obtained with illegal method

it is not like that all the times. for example whenever i want to sell bitcoin for local currency (fiat) i do it off the market because i can't use exchanges with all their KYC, it is not about me wanting to be anonymous or having dirty coins, it is about me not having any other option. and when you go off the market people are always giving you a deal that is best for them so that they can earn profit which is understandable. so you end up selling your coins at a lower price and them buying it at a lower price than exchanges.
13231  Economy / Speculation / Re: Why did Bitcoin hit $4,000? on: February 20, 2019, 04:40:37 AM
the real question is why didn't it reach $4000 a long time ago and why did it take this long to come back up when we clearly were in a reverse bubble for a long time and like any bubble, reverse bubbles need bursting too.

and it didn't come out of nowhere. it was expected to happen. in fact it is even under-performing compared to the expectations.
13232  Bitcoin / Electrum / Re: Restore wallet using BIP39 on: February 20, 2019, 04:21:37 AM
BitCryptex, nc50lc thanks a lot! I got it now. So I think it would be better to generate seed not in Electrum, but in other BIP39 services and then use Electrum.

no it won't be better. Electrum is an open source software, in case some day in the future you couldn't run Electrum anymore and needed to convert your seed into an extended private key (xprv) to import in another wallet, it would be so easy to do so since the method is already known.
not to mention that what Electrum does under the hood is safe but what you do yourself with another tool may be considered unsafe because you may not be aware of what you are doing exactly.

BitMaxz, BitCryptex thanks for the advises! I'll do this way. Which standart will you advise BIP32 or BIP44?

BIP44 is not a different standard. it is a suggestion for the way you can use the "path" in BIP32 so if anything it is like an extension to BIP32. so is BIP39 which is a way to store your BIP32 entropy in form of a seed phrase. at the end of the day you are still using BIP32.
13233  Bitcoin / Bitcoin Discussion / Re: Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing on: February 20, 2019, 04:12:15 AM
well keeping a dying shitcoin (ie. bcash) takes a lot of money. they need to throw man power, hashing power, money at exchanges for pumping purposes,... and it may not look it but all of these things cost a lot of money. and they have been doing it for over a year now and with bitcoin price declining their main source of revenue has also been decreasing so they didn't have as much money to cover those costs.

Too early to blame everything on BCH. That coin is getting so insignificant nowadays..

i am not blaming anything on BCH, i am saying those who created BCH and spend money on keeping it alive and pumping it lost a lot of money.
and why do you think it is  too early? it has already bee a year and a half of wasting money which is more than enough time to destroy any company let alone a company like bitmain which has been balls deep in BCH.
13234  Bitcoin / Bitcoin Discussion / Re: The big picture they've all been missing on: February 20, 2019, 04:03:14 AM
First of all let me make this point clear: There's no Cryptos without Bitcoin
you are wrong. existence of bitcoin was the reason for the altcoins to start but they don't rely on bitcoin to exist themselves. the technology is out and anybody can use it and improve it in their own implementation and there are SOME that are already doing that although we never see them because the top altcoins are pump and dumps and everyone only talks about them instead!

Quote
We have all been seeing various projects develop and some are as dumb as saying they'll kill Bitcoin lol.
they are not dumb. they are actually experienced. what they are doing is advertising. they know very well that their shitcoin is useless and the only way they can pump it is if they advertise it like this and have it pumped with hype.

Quote
It can't happen (at least now that Bitcoin controls way more than 10+% of the market)
define control?
if you define it as  whenever bitcoin price rises or falls, altcoins get dumped then bitcoin controls nearly 100% of the market!

Quote
So what all these new projects need to focus on is make sure to promote Bitcoin first.
i disagree.
there is no relationship between altcoins and bitcoin and there should never be any. altcoins should always be stand alone projects that explore the blockchain technology and the possibilities of doing things different than bitcoin because we can't change bitcoin but we can start a new coin (an altcoin) and have that change there. for example take LTC for example. we  couldn't change the block time of bitcoin and make it any faster so we started LTC. we couldn't change PoW so the PoS, and a ton of other algorithms started,...

Quote
So in a nutshell, the logic is that, as Bitcoin grows, we all grow together in untiy and strength because Bitcoin is what binds crypto and blockchain mainstream adoption.
you are wrong because what you are suggesting here is basically creation of shitcoins that praise bitcoin so that they can get pumped because they praised bitcoin. but what you are missing is that even if shitcoins get pumped, it will still be a pump and pumps don't last. so if for instance a shitcoin like XRP started praising bitcoin and then got pump it will still be dumped after a while and go back to its downward spiral of death because it is a "shitcoin" to begin with.
13235  Bitcoin / Bitcoin Discussion / Re: Netflix to make a documentary about the altcoin side of crypto on: February 20, 2019, 03:54:34 AM
This is going to be interesting. I can sort of already guess what scenes are going to be shown.

i think this can go either way. it depends mainly on how realistic the people making this documentary are and how important facts are for them compared to unrealistic hype. if thy get caught up in the advertisement and the hype we may end up seeing a misleading documentary instead.

i also hope they don't focus ONLY on price! there is a lot more to altcoins than just price despite what 99% of the pump and dump ones are showing us.
13236  Economy / Speculation / Re: CRYPTOS TO THE MOON???? on: February 19, 2019, 06:36:39 AM
it is just bitcoin doing its own thing recovering from a reverse bubble and going back up to normal non-manipulated prices although we still have a long way to go before reaching those levels. and because of that price rise, altcoins seem to be rising too although they are not really since their values against bitcoin is either the same or lower as people dump them to go back to bitcoin market.
13237  Bitcoin / Bitcoin Technical Support / Re: Transaction created, but txid not found on blockchain explorers on: February 19, 2019, 06:22:23 AM
which is a pay to script hash transaction and its signature does not verify. unless i've made a mistake reconstructing this transaction from its deserialized form you need to check your wallet that is signing this and see why it is creating an invalid transaction. maybe outdated version?

checked how a transaction is created in versions 0.13, 0.15 and 0.17 - when decoding there are no errors, when sending, it adds to the wallet, txid is displayed the same as in the decode, but it does not find it in the blockchain, what the problem is, and how to fix it?

"decode" is jut deserializing your transaction. in other words it just reads each field but it doesn't verify it. that is why you don't see any errors. but when you try to broadcast it, the transaction will be verified and as far as i can tell, the signature of this transaction is not valid which is why everyone rejects it and you can't find it anywhere.
but i can't tell you why it is happening though. maybe there is a problem with the way you are signing this transaction. try upgrading the wallet/code you are using to the latest version and if that didn't solve it then report it as a bug to its developers.
13238  Bitcoin / Development & Technical Discussion / Re: BitCrack - A tool for brute-forcing private keys on: February 19, 2019, 06:00:06 AM
[2019-02-18.07:03:21] [Error] Invalid address '3645N22DDswRxV4BQGbuBrgHCAYUmzcHU6'

but

https://www.blockchain.com/btc/address/3645N22DDswRxV4BQGbuBrgHCAYUmzcHU6

Huh

An address starting with '3' is a pay to script hash address, which is based on a script and related data, rather than (simpler) hashing of a public key. I'd guess that BitCrack is only able to brute force Bitcoin addresses starting with 1.

ever since August 2017 this statement is not always true. with introduction of SegWit you have the option to use a new way of creating addresses which is still using script but in case of P2SH-P2WPKH your address starts with 3 but you are using the hash of your public key as your "script".
(the address he posted seems to be the legacy P2SH one though).
13239  Bitcoin / Bitcoin Discussion / Re: Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing on: February 19, 2019, 05:51:34 AM
well keeping a dying shitcoin (ie. bcash) takes a lot of money. they need to throw man power, hashing power, money at exchanges for pumping purposes,... and it may not look it but all of these things cost a lot of money. and they have been doing it for over a year now and with bitcoin price declining their main source of revenue has also been decreasing so they didn't have as much money to cover those costs.
13240  Economy / Speculation / Re: A chance for Bitcoin to rise! on: February 19, 2019, 05:29:30 AM
Bitcoin started to pump slowly,
this is your main problem. you entered a market and you have no idea what is going on. you think bitcoin is a pump and dump so you are confused about the movements in either direction and then act irrationally and the result is losing money.

Quote
Edit: I lose almost $2000 before both in trading and in gambling,
sorry to tell you this but you didn't lose money in trading. you lost all of it in gambling. what you think you are doing is not "trading" otherwise you wouldn't have started this topic.

my suggestion is to stop thinking about your loss and stop being sad about it. instead start looking at your actions that you have taken so far and try to analyze them to see where your mistakes were. that way you can learn from them and become more experienced and stop making them again.
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