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1521  Economy / Speculation / Re: After the usual PBOC bullshit routine. Uptrend continues. on: February 11, 2017, 07:40:11 PM
The only way we could have money in a broker to take advantage of quick price movements its through some sort new decentralized technology. Bitsquare.io is not what we want, that is a marketplace. We need a poloniex replacement in a decentralized way.

I think until lightning network is operative, such technologies will not be possible. We would also need segwit.

Until then, it's time to buy and hold on our cold wallets, it's not worth having any BTC in exchanges for any relevant amounts of time.

You could add ShapeShift.io onto your shortlist. There are several options for the weary, but be afraid of higher spreads in their orderbooks. Only a full-scale tradeside can offer lower slippage for exchange services.
1522  Bitcoin / Bitcoin Discussion / Re: In Europe, bank transfers are free and unlimited for all on: February 11, 2017, 07:32:01 PM
you are comparing a finished tool against a non-finished one, bitcoin still don' scale properly, when they activate segwit or hard fork to 2mb or whatever they want to do to address the scalability bitcoin will have proper fee

if you compare it to fiat and the time they need you can actually pay 10k satoshi and be very lucky that it will confirm in one dday, like sepa(actually sepa can take 3 days some time...) so 0.1 cent against free not a big deal for me
Oh, yes. This topic is just a wake-up call. I understand BTC's still in the works, but the scalability problem is taking way too long to fix, and segwit doesn't seem to be going anywhere. Rate of adoption has stalled, so I don't know what's next but ever rising fees do not look like a smart solution.

Something better must be done.

It's in the makings. Until then one can just try to accomplish a Zerofees transfer. Two days later such a transfer has either been beating SEPA transfer times, or you need to do a bitcoin-cli abandontransaction $TXID and send again.
As often as it either works or you are growingly willing to add fees. My bank does that on SEPAs anyways, it's just that on the long term when 1 BTC == 10k EUR the current fee structur will loose ground against almost every payment method available out there.
Bitcoin still has to compete with others, this wount change for upcoming years.
1523  Bitcoin / Bitcoin Discussion / Re: The Reason Bitcoin will always be #1 on: February 11, 2017, 07:24:17 PM
If original stays stagnant - no innovations or improvements, then another can come, copy the highlights of the original and inject some new features that addresses the weaknesses found in the original and popular requests, then that original, is ripe for an overthrow.

It is however interesting to see that a number of improvements are being considered for Bitcoin, so it is unlikely that it would be caught napping.

Partially appearing to be dormant. Regarding the innovation & experimentations pool, we have seen Litecoin trying to jump into this gap. Small changes on mining algo, quicker Blockchain due to shorter cycles of two and a half minutes. Two weaknesses that got identified but proved to be not enough to rank up as #1 LTC
Activating Segwit earlier they are trying the same, again.
1524  Bitcoin / Bitcoin Discussion / Re: The Reason Bitcoin will always be #1 on: February 11, 2017, 06:16:00 AM
Bitcoin won't gets replaced by some other cryptocurrency in a short or after a few years time. Day after day bitcoin popularity is increasing as the people are benefitting much through bitcoin. Bitcoin was never been promoted through media, but it has grown to such a big level through us in a very short term. This confirms bitcoin to be the top cryptographic currency.

Time to throw in my objection in writing on this one. Remember the timespan right before Silkroad bust, there have been prominent complains from higher ranking politicals targetting Bitcoin which got recognized on both sides of the Atlantic. Best free advertising ever.
Some flare signal for traders over there to better close down operations, btw. But confidence has been unconquered, people trusted (and got busted) on the technology.
1525  Bitcoin / Bitcoin Discussion / Re: In Europe, bank transfers are free and unlimited for all on: February 11, 2017, 05:56:09 AM
Where to begin ... sticking with a chronological order ...

From my European bank account, I can make a SEPA transfer to any other European bank account for free. No fee. Nothing to pay.

Interesting! Which Bank? Living in the middle of this mess myself, center of Europe I would like to inquire.

I don't think it was ever focused on replacing the dollar. It's meant to be an alternative to government currency.

True! Some of the more agressive evangelists are citing this stance, but so far never any currency has replaced another to a far extend. Not even in a failed government scenario where the local currency reached an exchange rate next to beeing utterly worthless.

using bitcoin is not all about the fees!

True again. If I gotta trust mah moneh to a third party first, for them to transfer it to another trusted fourth party that might or might not hand it over to the recipient ... there we got down to the core of peer to peer currency concepts.

I totally agree with it that to be on the top of the competition bitcoin must be the best. And the only way to be the best is for all miners to get a consensus of increasing the blocksize from 1mb to 8mb or more. If it will not be settled then sooner or later even if the price of bitcoin is high many will leave bitcoin due to slow confirmations and it is the start of bitcoins movement towards its end.

So we are in the middle of a Blockchain resizing debate  Undecided There is some growing urgend need inside my mind trying to dodge those, just sitting out the matter. Honestly I do not know why we cannot just have bigger blocks right now, as in immediately. We get bigger storage everywhere on a daily basis.
1526  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What determines the price of Altcoins? on: February 11, 2017, 05:39:51 AM
If the volume of the coin is rising the coin price will probably go up.
Nope, you must read economy 101, if the supply is increasing and the price of the coin will get a decrease because of a lot of supply for the limited demand.

Maybe they covered interpreting trade volume in "Economy 102" for the first time. @Trades got the price development probability right. Supply and Demand are all so often ballanced out by a small group doing trades with themselfes.
1527  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Good coins on Bittrex that aren't on Poloniex? on: February 10, 2017, 08:39:14 PM
Aeon
This one is headed to poloniex. If not this quarter definitely some time later this year.

Considering this one to be a Monero outlet, really strange how it's sitting on Bittrex but NOT on Poloniex considering it's background.

So sorry about GLD's premine, it would be one of my favs to move onto higher trade volume. At the moment it does make more sense to trade it on Cryptopia. By the way if you are looking for "sleepers" there is KMD.
WAVES allready got mentioned.
1528  Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAVES. Ultimate crypto-tokens blockchain platform. on: February 10, 2017, 12:44:12 PM
More likely that the exchange rate of Waves and Wbct will drop even more because of the fact that the team isn't able to choose priorities. But instead thee are engaged in different nonsense, instead of platform improvement .

More directions are not a bad thing, just the "team" may be too small / the time not enough for all to be taken care.
The price rises and falls, it's normal. I've seen Monero at 2$, then at 0.5$ and now it's some 12$. So if the things are done right, it doesn't matter how much WAVES will fall, it will come back.
I didn't lose confidence in WAVES (yet).

Might have been the trade of the year of 2016. But we have to take a forecast into our future, not looking back all to often.
What I am missing the most are two things:
1) Touzibi as a Fiat gateway isn't accessible for my country. There is a dutch one but without any volume.
2) WAVES should get onto the same trade site than Monero for more liquidity.
1529  Alternate cryptocurrencies / Mining (Altcoins) / Re: [GUIDE] Setup your own Monero mining pool. on: February 10, 2017, 11:23:48 AM
I will check this thread occasionally and try to answer some questions.

Links pointing at hardware comparison charts for Miners would be welcome. GPU types, CPU server boards, stuff like that.
The idea is about independance on all aspects, assembling own desktops (smallish company scale) on own pool.
1530  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: February 10, 2017, 11:13:37 AM
That is true. Litecoin i hardy underestimate by price should be around 10-12$ per coin and to be stable one to but majority of chinese holder still dont want to push it to this price. It may be good to see this happening in 2 maybe 3 years but this can be even greater price considering that now btc is around 980 dollars. Think that this my estimated price is realistic in many factors, it will be same range as bitcoin mining, it will be more valued then now.

Dont know if this is good option or prediction but this coin wont die any time soon.

They might use that strategy of utilising LTC as a hedge against BTC failures. Whatever could happen there, maybe just by bad luck a meteorite destroying a mining location or one burning down by short circuits (seen picture of some burnt farm wreckage just where ... ah, on Gizmodo) and the like.
Hence the reluctance to pump it up now. Investment advise: If you buy 1 BTC, buy 1 additional LTC along with that. Store both.

1531  Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts on Zcash? on: February 10, 2017, 11:01:30 AM
I have heard about this so called zcash the new cryptocurrency. But I don't think I'm gonna invest in new currencies for many reasons like:
Fake mining results as we recently saw onecoin got exposed and stuff so I don't think I would invest in a currency which isn't 1-2 years old.
Second I do see the price is increasing steadily but   I would rather invest in a bit more trusted altcoin like eth or maybe dash.

Just what about beeing an early adopter, getting all wealthy be beeing on it early? Hmmm?
Onecone makes a bad comparison since it isn't even legit crypto coin, more some hyip sheme.
1532  Alternate cryptocurrencies / Altcoin Discussion / Re: Most Undervalued Cryptocurrencies of 2017 on: February 10, 2017, 05:47:25 AM
http://blocksouth.com/undervalued-cryptocurrencies-2017/

Ripple
Litecoin
Monero
Dash
Iconomi
Steem
Doge
Game
Bitshares
Sia Coin
Stratis
NXT
I/O Coin
Nexus
Bitbay
Expanse
Burst
OKCash
Crown
Trollcoin

Nice list totally missing out on Komodo and ByteBalls, even Ardor. You know what? Delete your list, start writing a new one.
1533  Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts on Zcash? on: February 10, 2017, 05:43:51 AM
Anyone is mining here?, is so Who made any profit mining this coin?
Lets all go and make this the most expensive cryptocurrency there is!
I'm mining Zcash with FPGA at https://www.zcash-miner.com. Initially, it was not profitable. But, since the introduction of FPGA, price has slashed a lot. Now, it is profitable (assuming the price does not take a sharp downfall).
I would be careful with that company, no-one knows who they are. Im also not convinced they have FPGA mining, just because they say so. They haven't provided any proof.

Just had been wondering myself where to get hold on some FPGA mining informations. Reactivating some older Ztex quads. Any links pointing at binary streams or suitable software?
Those big chips had that failure tendency and been quite costly, no wounder that type of hardware nearly left ANY mining operation by now.

Be weary of any cloud mining bussinesses, even if they do pay out some early dust.
1534  Alternate cryptocurrencies / Mining (Altcoins) / Re: What Coins are Worth Mining? on: February 10, 2017, 05:38:32 AM
Ether, Bitcoin, Monero , maybe ZCash (but there are problems ongoing on markets)

How about mining in the outer rims? DGB, DOGE, the smallcaps that have lower network hash rates and higher growing potential on a comeback?
1535  Economy / Speculation / Re: After the usual PBOC bullshit routine. Uptrend continues. on: February 10, 2017, 05:35:10 AM
two things

a) another lesson why it is bad to have money on an exchange...I wish there was a way of hedging BTC against fiat without trusting the money to a third party

b) it is not a coincidence that this happens now. Every time BTC goes over $1000, PBOC is interfering. Obviously they do not wish BTC to be more than $1000 permanently.

for sure those exchanges will now bully users using the frozen funds....  Sad
Yeah, thats their signature move. Scaring bitcoin noobs from spreading FUDs that will cause panic sell that will be a chain reaction that will cause massive impact on bitcoin's price
But atleast now we learned from our mistakes. Bitcoin users cant be easily fooled now. We are at $970+ and starting to move again. I guess only few are believing this PBOC crap.

This will be tiresome, to read about "PBoC crap" over and over, again and again since it isn't even the truth.
According to this report it was "self-discipline" to block customer's funds, NOT the goverment pressing. And in an update to the article Huobi isn't even affected from any blockade, at all. Nor is OKCoin if you don't use the .cn domain to access them.
Quote
In statements provided to CoinDesk, Huobi indicated that the move was a proactive one that found the two exchanges seeking to "promote bitcoin industry self-discipline".
http://www.coindesk.com/two-chinas-biggest-exchanges-stop-bitcoin-withdrawals/
The information situation seems highly misleading and constantly on the move.
1536  Bitcoin / Bitcoin Discussion / Re: Bitcoin for the rich, not the poor on: February 09, 2017, 12:09:23 PM
The perspective that Bitcoin is for rich comes from fact that the Bitcoin price is currently very high so only rich ones can afford it. But I wouldn't agree with that because you can also earn Bitcoin, not just buy it and that is available to everyone in different forms like freelancing, trading, signature campaign, even gambling if you are lucky and smart enough to stop on time.

"Bitcoin price is currently very high" which makes one fell is both cheerfull and troubled somehow. A thousand dollars are not unaffordable for people originating from industrialized countries. And comparing world's population against total amount of available coins one should not even think in "whole bitcoin denominations".
I once owned just a half one, and that has been like hundred dollars back in those days.
So the questions isn't at all about if thousand is much. More about if it can be sustainable. Usually we reached that level only on short spikes, not prolonged timespans lasting days.
1537  Economy / Speculation / Re: After the usual PBOC bullshit routine. Uptrend continues. on: February 09, 2017, 03:31:45 AM
about PBOC not big affect, affect only china trader in speculation to dump coin and can get buy low price
PBOC only give regulation about trading fee

There's a lill devil sitting on my shoulder asking right into my twitching ears how the slashback from other trade sites against formerly oh so zero fee superior competition might form out. Japan got mentioned in this thread. 0.2% is conquerable. Interesting perspective, since BTC can travel fast.
1538  Economy / Speculation / Re: After the usual PBOC bullshit routine. Uptrend continues. on: February 08, 2017, 03:56:31 PM
Quote
Chinese exchanges still have the biggest volumes, China is still the biggest BTC market


No they dont.

No its not.



Thats the latest extrapolation after PBoC forced chinese exchanges to drop their pants down.

Surprised about that smallish GBP and RUB volume. Russia banning/permitting Bitcoin once has been a similar gameplay like PBoC acts out today. And many trade sites in europe are british limited companies.
On this pie chart they are thinner than the icing, negligible.
1539  Economy / Speculation / Re: Is Mass Adoption even possible.. on: February 08, 2017, 02:52:37 PM
Cryptocurrencies is not like stock as there are two different things. Stock is liquid asset that can easily be converted into money. While bitcoin or other cryptocurrencies is money itself, it is decentralized and you can store it like a store of value. Masses will adopt bitcoin because of it decentralized nature, low fee on transactions compared to fiat money.

The transaction fees are a mood detail. At the moment fees calculated in Dollars are rising along BTCs notation (spending 0.000123 BTC for fees costs you more at 1000 USD/BTC than did at 150 USD/BTC so multiplied six times in between last two years) this effect rather hampers adoption than propelling it onwards.
Asset liquidity on BTCs (and even Altcoins) exceeds any stock, you can act as your own broker and transfer times are magnitudes quicker in comparison to "1 1/2 Bank Days". Yours truly has to take a look at bank account tomorrow in the evening times, sighs!
Once Vinkelvoos ETFs and the like get common these border lines will be more obscured, the differentiation between stocks vs. cryptos vanishing.
1540  Economy / Speculation / Re: The only way to get rich is by riding the next big alt pump on: February 07, 2017, 05:54:38 PM
There is anything particular to XEM justifying it's rise? Did not seen nothing impressing me, so just been sitting back watching. No interest in "quick money" at all, if it is other people's money in the end results.

It seems it's really popular in China and has some strong technical fundamentals. Check the NEM thread for more information, I'm not really informed enough to give a better answer than that.

Found https://bitcointalk.org/index.php?topic=654845.0 which states a "Genesis Date" March 31st, 2015 but the threads is almost nine monthes older.
BTC38 seems to be doing one half of all NEM trade (51.55%) against Renminbi which is somewhat special in comparison with other Altcoins. This sets back Poloniex on second place, doing the usual trade against Bitcoins. If they could just add some XEM/USDT market things could skyrocket (moving Dollars vs. Renminbi which is an important pathway)

Changing perspective, moving away from the "ooh the technology" embasslement, focusing on the applyable economic impact.
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