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1361  Economy / Economics / Re: Countries that economically and bitcoin friendly on: June 22, 2019, 07:48:57 PM
IIRC there is others celebrity who also have their own coins on that project, not sure about the development though.

Obviously, development (if that is even applicable to these trash coins) of 'celebrity' coins or just coins they endorse, are mostly pump and dump schemes. If they really cared about crypto, they would allocate money to the development of already existing (honest) projects instead of allowing themselves to be used as billboard in return for gross sums of money.

Andreas Antonopolous two days ago tweeted that he is being offered up to $250,000 by ICO's for his endorsement, which he declined, but many other influential social media characters will accept. This is the sad thing about a bull run, because these scammers can now afford to pay these sums of money again. If there will be an altcoin boom, $250,000 offers will become $1 million offers. Who is strong enough to resist these offers?
1362  Economy / Speculation / Re: Bitcoin price update reach 10,000$ on: June 22, 2019, 05:41:55 PM
i think revisiting $6600 or $7500 is possible from here.
way to kill the mood, bro :/ Everyone's bullish and stuff but you're here talking about a 30% crash  Huh

How so? If you're a Bitcoin bull, you would love another opportunity to buy at such levels and ride the bounce up with even more coins in your pocket.

It's definitely not out of the ordinary to see the price retest levels between $7000-$7500 or even the 2018 support range of $6000-$6400. I am ready for either direction, but I wouldn't mind being granted a pre-blockhalving gift in form of a firm correction.

At the end of the day, we'll correct anyway, whether it's from current levels to potentially $6000 or from $15,000 to $10,000, it doesn't make it less painful for moonboys.
1363  Economy / Speculation / Re: Here are the speculations how $1M/BTC might be possible in 2020... on: June 22, 2019, 01:20:17 PM
We have more fiat onramps than ever before, more exchanges that are capable of handling 10-100x the current traffic, institutional interest, etc. By the time we hit $1 million we don't even have to cash out to fiat anymore, but just sit on it or spend it. By that time Lightning will be ready to serve the people who genuinely believe that Bitcoin should be spent, the rest will continue sucking on their fiat currencies.

I wonder how the market will react to Bakkt starting its test phase next month. If we don't see the CFTC act as a cock-blocker there isn't anything that will prevent it from going live with its final service.
1364  Economy / Speculation / Re: Bitcoin back to 5 digits - Congratulations everyone! on: June 22, 2019, 12:46:00 PM
It feels so good seeing Bitcoin be the only coin that's being pumped instead of the trash below it.

A binance whale placed a ~1100BTC sell wall at exactly $11,000 and it was bought through in minutes. It's refreshing seeing these sell walls back. Long time no see. Cheesy

I'm not going to sell anything because it's just not worth it. What am I going to do with fiat? Watch it be worth less with Bitcoin pumping? I might consider securing profits in December, which usually is a month where it starts correcting from, then buy more Bitcoin back in the months after that. More satoshis is what I want, not more fiat.
1365  Economy / Speculation / Re: $10,000 is around the corner on: June 21, 2019, 11:08:19 PM
Bitcoin's $10k is happening without a doubt and Libra coin is the only reason that I can think of.
Stop acting like a brainwashed mainstream media sheep. Libra doesn't even launch this year, and perhaps it won't launch at all with so much political resistance against it. All you are doing is grant Facebook a free positive review while they haven't done anything but throw their site and (very amateurish) whitepaper online.

lets see when someone is going to sell
People are constantly selling. For ever buyer there is a seller on the other side of the trade. If no one was selling then there wouldn't be anything for people to buy.  Tongue
1366  Economy / Speculation / Re: How to know Feb 7 was the optimal buy point 2019. on: June 21, 2019, 10:32:51 PM
When bitcoin went down below $3200 people were still saying that bitcoin is going to gone down below that amount and that is heading towards $1000 but that was the bottom and those that were able to buy then and are still holding will seriously make profits because they understand risk and has invested at the right time.

People are delusional.

I think a lot got brainwashed by idiots with ties to Tyler Jenks, the man behind Hyperwave saying that the price was 'guaranteed' to hit the $1000 level. There was even a bet from one of their shills, which was a bet of 1BTC that Bitcoin would reach $1500 before $6500 on Bitstamp, and we know how that ended. Not sure if anyone took that bet, but I wouldn't mind seeing these losers bleed a bit.

We also have Alesio Rastani who still doesn't seem too confident that the bottom is in yet. Every large move in Bitcoins price and he uploads a video. Such a leech.
1367  Bitcoin / Bitcoin Discussion / Re: CEO of Bank of America: “We Want a Cashless Society” on: June 21, 2019, 02:35:59 PM
Is this a hint that BAC is looking at crypto as not a competition but rather both ecosystems can exist together? Your thoughts.

I think his hint is that he doesn't mind the direction of the world as in digital money that will be taking over.

The main thing here is that banks won't go away despite a lot of people here thinking they will. Banks can easily adapt to the changed money climate, and they are faster than we are in doing so. In the end, it doesn't really matter what form of money we're using, they just want to make sure they can be part of it and charge fees in the process.

I see a time where banks will be the main entry points to crypto for people. It's convenient, you don't have to wire money to foreign bank, and KYC/AML isn't necessary because your bank has all your information already. I'm sure they'll throw in insurance as well as extra service.
1368  Bitcoin / Press / Re: [2019-06-19] Bitcoin Price Will "Easily" Blast Beyond All-Time High Soon on: June 21, 2019, 02:08:32 PM
We have seen in past that whenever such news come like Bitcoin ETF is about to launch, etc etc., prices of Bitcoin rise. So such associations do act as a catalyst for BTC prices.
At the very beginning perhaps, but the moment people noticed that ETF's didn't stand a chance, the price didn't move anymore whenever there was a decision coming up or after a rejection. On top of that, an ETF is actually bullish with how it keeps coins off the market. It makes sense in this case that the market at least at the very beginning took it serious.

As we know Crypto market is so sensitive to news that even few articles stating Libra's benefits for Bitcoin are enough to dynamise the BTC prices.
I think you're giving out too many credits to mainstream media sources with their rubbish.
1369  Alternate cryptocurrencies / Altcoin Discussion / Re: [2019-06-21]Ripple CEO: Bitcoin and XRP Aren't Competitors - I'm Long BTC on: June 21, 2019, 01:26:56 PM
He is right, Bitcoin and XRP aren't competitors.

Libra and XRP will be. I'm sure his balls are sweating knowing that they're basically running the same sort of governance model, and that they're easy to scale just like any other centralized network. The main difference is that Facebook's penetration potential into different financial systems has much better odds of actually being chosen for cross-border value transfers.

XRP will have to service the markets that for whatever reason exclude Facebook. That's what you get when your core business model revolves around a centralized network.
1370  Bitcoin / Press / Re: [2019-06-19] Automatic Bitcoin Micropayments Are Coming to Lightning Network on: June 21, 2019, 01:05:24 PM
Not bad at all.

It's a glimpse of what we can expect when it comes to data consumption we pay for by the second or minute and stop paying when we no longer consume a specific form of data. It's a bummer when you pay in advance for video content and you later regret having bought it because it's shit. This way you only end up 'losing' a tiny chunk and can use the rest of the funds to purchase something you really like.

We're like 6% away from having $10 million in liquidity available, which is pretty cool. Bitrefill is my favorite place to spend my Lightning satoshis.
1371  Economy / Service Discussion / Re: Coinpayments - Service Restriction Notice on: June 21, 2019, 11:55:09 AM
I do not like service like coinpayments and bitpay. Crypto will better off without them. Crypto is here for everyone not for this and that country.
You can't hate businesses because they're businesses and try to comply with some shitty rules set up by control freaks. The alternative for them is to be taken down by force, which is why they rather leave. Looking at the list of countries they don't provide services to anymore, I'm sure that Coinpayments won't be losing much revenue at all.

BitPay is a slightly different story because of their anti Bitcoin stance, so yes, in this case we are way better off without them.

My suggestion to the people who are using coinpayments and bitpay, why not use Paypal instead?
PayPal is just as shitty, perhaps even worse. They close accounts of people because they **think** that people are buying and selling crypto or things related to crypto.

Best option is to use BTCPay Server, where you as merchant at all times control the funds and don't rely on BitPay, Coinpayments, etc.
1372  Economy / Service Discussion / Re: Cloud Mining Questions II on: June 21, 2019, 11:04:08 AM
As I noticed if the price going up then my daly payout is decreasing.
This seems to me a logical solution.
What do you think?

It depends on how 'lucky' a pool is to find blocks. If a pool finds less blocks today, your daily payout will obviously decrease because there is less that it can pay you.

I'm not sure how they calculate the maintenance fees and how fair it all is, but the rate at which blocks are found is crucial and can't be measured by calculators perfectly. In that regard, always keep in mind that payouts can be higher or lower with so many variables playing a role of importance.
1373  Bitcoin / Bitcoin Discussion / Re: Uncertainty, Political Chaos = More Bitcoin Buying on: June 20, 2019, 09:58:27 PM
I don't think that political turmoil can increase the purchase of bitcoin.
It might not be the sole reason for a price surge, but when the price is already going up due to an increase in demand, the extra demand from investors looking for a safe haven asset such as Bitcoin will help take even more coins off the market. Political chaos isn't something that fades away quickly, so we're basically dealing with people who are looking to sit on their coins for a longer period of time.

Actually bitcoin is not entirely a savior, sometimes it will be a disaster for you if you lose your wallet. Lots of cases of losing bitcoin wallets, hacking, fraud, and even disasters can destroy your wallet.
If you properly secure your system and refrain from downloading garbage, clicking on unkown links, etc, nothing will happen to your coins.

As for disasters destroying your wallet, that only happens when you haven't taken the right measures of storing your private keys. We're talking money here. You always should make sure that security is top notch and that you have enough backups stored strategically in different locations. Engraving private keys on a piece of metal is an option too if you aim at extra durability.
1374  Bitcoin / Press / Re: [2019-06-19] Bitcoin Price Will "Easily" Blast Beyond All-Time High Soon on: June 20, 2019, 01:41:20 PM
Lee had been speculating the price since time, I don't remember him telling the right price but I gotta respect the enthusiasm, he looks at the market positively like bullrun is always just around the corner.
He made himself look like a fool with so many wrong predictions.

The sad thing is that now we're going through a bull run, a lot of his bullish predictions will very likely become reality. We know it's just him riding the trend, but news outlets will praise him as the expert who called Bitcoin's bull run. This guy is super annoying and probably don't even own Bitcoin at all. He's just out to put himself in the spotlights.

However, I'm confuse as to why they saying Libra will be one of the catalyst though, I mean it could be just a token pegged to USD.
They are just sucking things out of their thumb. Bitcoin doesn't need Libra, JPM coin, Bakkt, ETF's, etc.

The only way this might work out well for Bitcoin, potentially, is that exchanges could list Libra versus Bitcoin trading pairs, which means that more money will flow into Bitcoin's ecosystem easier. This however isn't something they think about. They just think Libra adds more legitimacy to the space therefore has to be a major catalyst. Clowns they are.
1375  Economy / Speculation / Re: What are the best websites to follow the btc market in live? on: June 20, 2019, 10:57:15 AM
I was a big fan of bitcoinwisdom's charts, but they for whatever reason stopped supporting their site and its half broken right now.

Currently I'm solely following Bitstamp's chart over at; https://www.bitstamp.net/market/tradeview/beta/

It offers orderbook depth, seeing live trade history come through, draw lines and whatnot, etc. Pretty allround live chart.
1376  Economy / Economics / Re: Limited Supplies Lead To Death (SIMULATION) Satoshi Help. on: June 19, 2019, 10:08:36 PM
We trust bitcoin because the supply is something that is fixed by its core protocol

That too, but another important feature is transparency.

We, to the very satoshi, can verify how much of it is in circulation. With Gold you just have to rely on external sources without anything allowing you to verify how much of it is actually in circulation. People don't realize how important Bitcoin is, both in offering an alternative to our currently rotten financial and governmental system, and the transparency that it offers.

Also, people often focus too much on 1BTC thinking 21 million coins can't be enough for the whole world. You don't have to buy a whole coin. 1BTC = 100,000,000 satoshis, which as more time goes by, will gain more value and thus more importance. It's only a matter of time before we calculate in satoshis and stop thinking about 0.0xx BTC.
1377  Bitcoin / Bitcoin Discussion / Re: What IF you could change one element of Bitcoins code what would it be and why? on: June 19, 2019, 09:14:52 PM
Nothing. Whatever you end up implementing in a rushed manner will work against Bitcoin.

I'm perfectly fine with the current roadmap and the price doesn't care about what's under the hood, so why change anything? Most people complaining about the high fees are either faucet farmers or those who don't transact much anyway. There are tons of altcoins available with "better" specifications on paper, yet no one is really using them.

What I would like to see is people adopt Segwit and enjoy much lower fees, and stop using services that haven't upgraded yet.
1378  Bitcoin / Legal / Re: How long realistically before global mandatory kyc on all exchange/VASP? on: June 19, 2019, 08:55:13 PM
I think that there will always be certain platforms that are unregulated

Yobit and the rest of the shitcoin exchanges will happily continue to offer their services to anyone without holding back. The more competent exchanges start to comply with regulations, the more Yobit will benefit. I doubt they will grow out to such size where they become interesting for authorities to chase after. Yobit will continue to have an easy ride.

Too bad Yobit is a shady entity. If they behaved normal I actually would support them to stay unregulated. It's always good to have a non-kyc exchange where you can dump your forks and airdrops without hassle.
1379  Bitcoin / Press / Re: [2019-06-16] Hong Kong Protests Could Boost Bitcoin as Wealthy Move Assets Offsh on: June 19, 2019, 11:27:33 AM
At some point it will come back, and eventually there will be currency controls.  Now is the time for people in HK to either get money offshore, or into something like bitcoin where they can do it later.  

Too bad people always need to be proven how bad governments really are in order to appreciate Bitcoin, but with how governments are constantly getting more aggressive towards their own people, it's only a matter of time before people will realize that they can better front run potentially harmful situations by getting into Bitcoin directly instead of waiting for when things turn bad.

Bitcoin is the safest option because China's arm stretches out so far that even having capital parked in forgeign bank accounts and whatnot isn't going to help much either to get people to calm down. With Bitcoin you know that the money is always yours and no one can take it away from you as long as you own the private keys.

For the wealthy elite there are always more doors open to buy into Bitcoin than for the regular folks, but with growing local markets Bitcoin even for the regular folks it should be relatively easy to buy into.
1380  Economy / Economics / Re: Decentralized Economy: What is it for? on: June 19, 2019, 10:39:48 AM
I really like decentralization, we are really free to make money and not be pressured.

So you like decentralization because you're 'free' to make money and not be pressured? I don't think anyone will pressure you when you try to make money without crypto being a thing. If you got the skillset that's in demand, you'll be doing well wherever you are or whatever the industry concerns.

People somehow think that crypto is an easy way to become rich, but that's not the case at all. Free money doesn't exist. You either already have in-demand skills that make you money, or you take big risks speculating on the prices. There are definitely more opportunities in an emerging industry, but that applies to any industry, whether you think it's centralized or decentralized.

If people really cared about decentralization they would be actively speaking out support for it, but they don't. Most people either don't care or don't know what it is.
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