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1341  Economy / Speculation / Re: Bitcoin surges above $1,500 - CNBC POST on: May 06, 2017, 03:08:35 AM
I agree. The bubble always pops but the times have changed. The question right now is how big will the new bubble be? Ethereum is a good example. Last year when someone says it will reach $100, we all laugh and say it is already a bubble at $20, how can it reach $100? Now ETH is trying to break $100.

The people who missed out on large price moves are the ones who did not adapt.

Not "popping", more likely bouncing back from it's Fibonacci Retracementlevel 50% located at 1257 USD. Timsescale last 42 days, which is ... the universal answer.

ETH kinda belongs into the Altcoin section. And I changed my mind on it. The technology frontier is over there.
1342  Economy / Speculation / Re: WARNING INCOMING CORRECTION on: May 06, 2017, 12:31:31 AM
Somebody sold big amounts of Bitcoin here and there and the price fell quickly from 1618$ to 1472$. The numbers I have are from Kraken, but it's not the only place with this behavior.
I'm curious what is going to happen next.

Kraken seriously lacks behind most other tradesites on recent spike. And market dynamics should level out huge price differences.
Arbitrage flows might be damaged. Tether withdrawals.

Just imagine:
1) Buying on Kraken, catching the dips
2) Selling on Bitfinex, into these spikes
3) move cash from Bitfinex to Kraken. Would require currency interchange from Euros into Dollars. USD/USDT trade & withdraw
4) Goto 1), be seriously happy
1343  Economy / Speculation / Re: Bitcoin crash coming? on: May 06, 2017, 12:24:52 AM
Maybe i think the reason why the price was crashing and more crashing will happen soon because of the network are jumping too high.
As i can seen the fluctuate for the fees was increasing too fast.. look at the chart here .
https://blockchain.info/charts/transaction-fees-usd

Other market metrics to watch are
1) Hashrate
2) Adoption, indirectly guessable by number of transactions on the blockchain.
Or by trollbox chatlogs, activity / number of unique users
Some sites offer numbers about their registered users, but how do I know about site operator's honesty, or kind of Sybil effects.
1344  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [vDice.io]►Ethereum Blockchain Gambling►►**New & Awesome Version of Site on: May 06, 2017, 12:17:05 AM
PoS discussion apart. Guys, it seems ETH has reached another new ATH (oh so many lately) and it is not the end for price gains.
I wonder if that enormous pump linked to bolstered altcoin market confidence (all top altcoins gaining!) is reflected on vDice platform?
It should be the best time to gamble, use lower amount of ETH, collect big wins, right?
Bitcoin rising lifts whole market, of course. But the real gainers are those that get more market weight bei adding more coin supply AND a higher notation written in BTC.
vSlice gains on two, dollar $$$ value and overall market cap. Currently loosing some speed against BTC. For someone owing spare BTCs the right moment to nibble up more.
1345  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Sent ETH to Yobit ETC wallet by mistake on: May 06, 2017, 12:01:12 AM
You guys won't believe this.  Yobit gave me an activation code and then a link to enter it which had gave me the full amount of my ETH from their insurance fund.  WTF.  Problem solved. I truly can't believe it.
Glad to hear about this outcome. Those codes are used on several platforms (BTCe on my memory does them, too) but I did not found the place where to redeem them. Been /en/yobicodes/ or similar.

Regarding their reputation..
They are listing each and every coin since it's their main bussiness model offering trade services for a small registration fee from coin developer. Of course that attracts a whole disarray of short lived projects. And a maintenance nightmare on keeping all wallets / blockchains in sync. Not to argue about the more shady coin devs who could publish backdoored wallet software that needs to be kept in a secure distance onto any serious deposit.
I am pricing that in. As a result, mostly spare money trades over there. Cant help it, that has become yobit's fate.
1346  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Sent ETH to Yobit ETC wallet by mistake on: May 05, 2017, 02:54:07 PM
1. I searched ETH in the wallet search bar, but ETC still showed up.  I realize ETC's full name is Ethereum Classic, but most exchanges will only show Ethereum when you search for ETH

ETH Ethereum https://coinmarketcap.com/currencies/ethereum/ is the valid coin. The other might not feature an equal life line length, but expire instead. The real developers are on ETH.
BTW https://coinmarketcap.com/exchanges/yobit/ trades both Ethereum variants. Did nothing popped up inside anyone of your Yobit wallets, one by the name ETH other ETC ? You have two there.

I reached out to Exodus support which is where I sent my ETH from and they said that the exchange has full control of those ETH funds and that it would be possible for them to recover and refund them for me.

Now I have to wager an educated guess: If Yobit created a fresh deposit address for explicitely your use, than they own a private key which could work on both chains, on ETH and on ETC chain? Doable to reimport into the other wallet manually?
I lack the knowledge how "parallel" both chains are operating by now. Before the fork all deposits had been on equal private keys.
1347  Alternate cryptocurrencies / Altcoin Discussion / Re: Any good coins I am missing out on: May 04, 2017, 03:59:18 PM
Eth seem to be the most sensible token to keep for me. I have been holding mine forever. A lot of token are already running under its chain and most of them already have good value on it to which giving value to ETh as well. The demand for gas to keep sending all these tokens will be making ETH to be the most valuable.
Same mood here. And because of why?
What got mentioned was NXT changing into Ardor. Right, offering the same basically as NXT always did. Kinda like a rebranding. Doing mostly the same thing again is not enough in a fast moving tech sector, at least not for gaining the pole positions.
What does ETH offer? Sample: VSL / vSlice which gained momentum just recently.
The greater innovative power of ethereum, the wider variety of possibilities of what to create. Adding VSL onto the "not to be missed out today" list.
1348  Bitcoin / Bitcoin Discussion / Re: What's going on with BTC transaction times?? on: May 03, 2017, 09:02:27 PM
I agree, just had a transaction with a recommended $5 fee due to it being my dust collecting address. So yeah pretty big, so I altered it to 4000 satoshi and it went through pretty much straight away. I was expecting it to get stuck for a week and refunded, so was pleasantly surprised.

What we are calling "dust" today could be "dollar cents" tomorrow. So there must be a way to send for near-to-zero-fees and getting through eventually. Trading time vs. costs so these sorts of transactions would have to "pay in time".

I only track the number of unconfirmed transactions (https://blockchain.info/q/unconfirmedcount) for a long time, several times a day and it definitely went down. Now it's at 19k and it was around up to 80k for a while and then a rapid drop.

Graph: https://blockchain.info/charts/mempool-count?timespan=30days

That is a nifty chart. I can compare with my visual impression of logged in people at Poloniex, either from trollbox activity or their own numbers stated, and acknowledge there ARE more people using crypto. Definitely.
But that number ranks up slow and steady almost linear to time. Means mempool fill levels got gamed, and a distinct level of required fees would squench that afford.
1349  Bitcoin / Bitcoin Discussion / Re: What's going on with BTC transaction times?? on: May 01, 2017, 11:10:46 PM
There's a funny correlation between BU pretty much failing and the number of unconfirmed transactions going down right after. It's almost as if the network was spammed deliberately to promote BU...

you could try to spin it that way.
but https://bitcoinfees.21.co/ tells everybody who is curious about that level of supplied fees - has been rising on average. once supplying 100 Satoshis has been a completely sufficient choice, to get through.
now that drags you below 1380 minutes delay, up to infinity.
1350  Economy / Trading Discussion / Re: Bitfinex & Poloniex concerns on: May 01, 2017, 01:21:20 PM
If USDT is no longer equal to USD, then you can't trade BTC/USDT anymore. Why don't those exchanges just switch to USD instead of USDT?

because usdt is in theory just another alt so it avoids a whole bunch of banking and legal problems. poloniex is pure alt with no fiat possibilities. that's tether's problem. they'd have to spend millions on compliance to switch to usd.

On a functional government it would not take long to close that loophole, expanding regulations beeing in effect for the dollar onto anything else that tries to act like a dollar, too.
Thank heavens they are busy elsewhere.
1351  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [CANN] Cannabiscoin Cooperative: Community Revitalization & Blockchain Rehab on: May 01, 2017, 01:10:00 PM
Somebody suggested earlier that we reach out to the vericoin dev, there might be something to that..  Cool

im not gonna shill, but its one of the few pretty fair PoS systems Smiley

Also, here in Canada we are legalizing weed for adults like tobacco, ill be able to LEGALLY grow up to 8 plants in my home for personal use Cheesy

NOW is the time for CANN, and if goes PoS i have a nice space for it in my portfolio for sure! Smiley

New piece of information, spinning out further. 8 plants is a harsh limit and "personal use only", so not intended to place them for sale on the internets. Hmm!
Predictions: Some people will be bad in counting numbers, stopping by 10 or 12. Friends and relatives who are not that much into tobacco will get persuaded to develop a green thumb for a small homegrowing endeavor. Production naturally tends to centralize at the places with the most experience. This law effectively encourages decentralized production.
Where such stuff of some value gets produced, there usually a trade & exchange economy follows up. Which needs a method of communication and a transport of value. Oh, and postal services of course.

CANN needs a link onto OpenBasar or similars.
1352  Economy / Trading Discussion / Re: Bitfinex & Poloniex concerns on: April 30, 2017, 12:11:17 AM
USDT is a questionable "asset" that is pegged to the US dollar. However, pegs inevitably fail. There has been as much as an 11% disparity between the value of USD and USDT which is highly disturbing - a peg is supposed to maintain 1:1 value. If it fails it may cause major issues with Bitfinex due to using USDT as its USD reserves, and lesser troubles for Poloniex which uses USDT but at much lower volume.
Experienced the NuBits peg fail. They recovered enough for an insider escape. A failing peg is a death penalty.
Regarding hodling BTC - always sweet to hear those tunes - seemingly there are some insiders watching ETH these days.
1353  Bitcoin / Bitcoin Discussion / Re: “One Bitcoin, One House,” Nonsense or Reality? on: April 29, 2017, 08:37:59 PM
He is right about bitcoin,but i don`t understand the meaning of "one bitcoin,one house".
Bitcoin isn`t ready to dominate the world economy and many investors think that btc is just easy profit or some Hyip.
Of course.  In fact I'd say most people think bitcoin is just a vehicle for quick profit.  Most people on this forum probably think the same way.  But I don't think this guy is delusional by any means.  Bitcoin has enormous growth potential, but we're still a ways away from the "one bitcoin, one house" thing.  Maybe 5-10 years away.

Timescale isn't easy to predict, at all. We are like ten years underway so far. "redefine currency" is key. To be honest not even that point is clear, figuring out smart contracs, just Ethereum mentioned. Money that "interacts" with you isn't formerly known from paper bills.
1354  Economy / Speculation / Re: Looks like we have set a new ATH at $1,377 on: April 29, 2017, 06:15:41 PM
Its looks like we have set another ATH for this year:

Bitcoin price surpassed its previous all-time high to achieve $1,377 across major Bitcoin exchanges in Japan and the US, including Bitstamp and Bitflyer.

Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

https://cointelegraph.com/news/bitcoin-price-sets-new-all-time-high-at-1377-main-factors

I was more freaking out about $ 1337 but that's just me, markets moved further Cheesy

The personality type of those investors you are mentioning, well they are "vulture optimistical". Remember that guy who bought in state debt'n'liabilities in south amerika.
1355  Alternate cryptocurrencies / Altcoin Discussion / Re: Any good coins I am missing out on: April 28, 2017, 02:35:01 AM
Quote
Any good coins I am missing out
yeah obviously bitcoin! Shocked

I just started trading cryptocurrency, and the following are my coins:

Dash and Ethereum and Ripple, and Zcash are not so good at this point to keep your money in them. they are in a bubble and there is a good chance of bubble popping and price going down big time.
even if they rise the rise won't be as big to give any decent profit with altcoin pump standards at this point.

...

...


LOL "altcoin pump standards" it's not that they are standardised in any form. What works, works out. What not, doesn't.
Ripple is somewhat centralized, capable of blocking funds or creating moar, even far moar coin supply out of thin air. Do. Not. Touch.
The others are valid more or not, I would pick out Ethereum as performing exceptionally well and offering the technology frontier. The privacy centric coins are somehow out of the past. There will always be mixing services available that do exchange dirty coins for clean ones, so privacy as a unique selling point does not hit any point, at all. It's unneeded on protocoll level.
1356  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] The Epic 420 Alliance Joint Force - United we stand! on: April 28, 2017, 02:06:25 AM
CANN is dead.
but can be salvaged. PM me for details on how2do it.
rehab. yes. Go blackhat!
There is at least a new horse pulling the carriage again, BUT I think D9 has to re-engage again, too. Just doing something at least again, he's mostly absent.
Last login has been January for CannabisCoinDev (who signed postings with ~DeltaNine so it's him) and oh well April for YESWECANN who signs ~DeltaNine too but is stated Gender: Female inside profile, so maybe related. Close relative, perhaps. Gemini maybe? Is blackhat part of the expanded family, too?
1357  Bitcoin / Bitcoin Discussion / Re: LocalBitcoin Has Two New Record Highs: Ukraine & Dominican Republic on: April 27, 2017, 03:37:21 PM
Which countries do you think would be the next all-time highs in LocalBitcoins?
I think the next wave will happen in the Europe, with the worsening of economic conditions....
The Great Brittish Empire comes to mind, or at least the parts that are still left. Just hardly counting in as beeing european nowadays, but for histories' sake we can accept that. Trading pairs like BTC/GBP gaining daily volume? Perhaps soon.
1358  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Cannabiscoin, CANN: Community Revitalization on: April 27, 2017, 12:42:15 PM
Regarding the node count, a rather technical point, just there turning POS would make sense. For attracting POW hashrate one needs more solid economy baselines and the coin supply got mined almost completely. Price low, too.

Agreed. I think POS makes more sense.

Of course would be adding some tiny amount of inflation, people WILL use that against you on price prediction discussions. When beeing all fresh&young (know, tiiiime ago) I was wondering about bitcoin inflation where nobody talked about. Like 9.19% of total supply incoming fresh, and each year.
Below 2% yearly inflation people would not start to argue, most national economies are heading for a similar inflation goal.
1359  Alternate cryptocurrencies / Altcoin Discussion / Re: Lightning developers already moving from BTC to LTC on: April 26, 2017, 10:07:22 AM
Its moving to LTC cuz is more easy to mine. I think
Not really. The strain on a GPU doing SCRYPT is almost more than X11 or similar. And the ASICs race has explored that area, too.
My observation has been professional BTC miners stock some LTC mining equipment just in case. It's supported by the same group of people dominating BTC.
1360  Bitcoin / Bitcoin Discussion / Re: LocalBitcoin Has Two New Record Highs: Ukraine & Dominican Republic on: April 25, 2017, 08:31:54 PM
So now I have a dilemma, some traders say that current high price is a result of Bitfinex and Chinese exchanges not being fully operational.
That is a reason trading moved to localbitcoin. What will happen when this problem with wire bank transfers will be solved?
Should we expect a mass coin dump or relief that nothing bad really happened will push the price higher?
Could result into a small dip since the exspection of a dip is felt overwhelmingly. Recovering into a more cautious sideways move for some weeks. The global perspective did not changed much, small disturbances are more likely chances for the plucky ones.
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