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15361  Bitcoin / Bitcoin Discussion / Re: Bill Gates to Bitcoin on: May 15, 2018, 02:43:23 AM
Bill gates can never be a millionaire if he doesn't know a thing or two about assets. I agree that we are investing blindly in cryptocurrencies

Bill Gates didn't become rich by investing in assets! he became rich from his own company (Microsoft) and how that became big then huge and expanded more and more every day.

and we are not investing blindly in cryptocurrencies. some people might but that is their problem. we know there are risks but it is not blind risks like gambling. they are all clear just as the potential is clear.
15362  Bitcoin / Bitcoin Discussion / Re: Bitcoin v2.0? on: May 15, 2018, 02:18:31 AM
Out of curiousity, What if we create the version 2 of bitcoin? I mean if theres no bitcoin to mine by sometime in 2140, can we just create a version 2 of it that starts from 0 to 21million coins again? If this makes sense, will the first bitcoins lose its value or it will be more higher because it will be a "rare" coin?

no it doesn't make any sense at all because you are assuming that bitcoin exists and is alive only because it is being mined. whereas in reality bitcoin exists to perform as a currency and having 1 circulating coin or 21 million doesn't change that much. search for "what happens when 21 million coins are mined" and read that for more information it is being asked every week.

you can always create a new altcoin and call it any name including bitcoin 2.0 but you are still creating an altcoin. and it will always be a worthless altcoin because you used the name of bitcoin in it.
15363  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fundamental Secrets, and You're Worth Knowing! on: May 15, 2018, 02:10:07 AM
~
Maybe the real Satoshi Nakamoto will show up and reveal the next 21 million bitcoins.

what are you talking about? do you know how bitcoin works?
bitcoin is a decentralized system. nobody (no matter who they are) can just show up, press a button and change a consensus rule (the max supply is one). bitcoin is not like centralized altcoins like ETH where the developer makes a change and everyone has to follow it whether they like it or not.
15364  Bitcoin / Bitcoin Discussion / Re: This is a good time to switch off from the crypto market on: May 15, 2018, 02:00:33 AM
~
Sorry, I didn't make myself clear, I don't mean sell my investments, I meant keep my crypto investments but just stop checking the price and thinking about what to buy or sell every 5 minutes. :-)

And I totally agree, we are very lucky to be around when crypto and blockchain are just starting.

that still doesn't make sense.
if you are a trader then when you see a drop like this you should know that it is a perfect opportunity to buy cheaper bitcoins. and if you are sure about the manipulations and see then early on then it also means you should sell before the bottom is reaches so that you can buy back there (remember not to sell too late) for example when you see the manipulation and dump starting you sell at $9400-$9200 and buy back at $8300-$8500 and make a profit.
15365  Bitcoin / Bitcoin Discussion / Re: How to "name" your public key? on: May 15, 2018, 01:55:23 AM
to be clear, in order to tag your bitcoin address on blockchain.info you don't need to have an account with blockchain.info! the only thing you need to do is to sign a message that it gives you which is basically this:
Code:
Blockchain.info Address Verification 2018-05-15
and the result will be something like this one:
https://blockchain.info/address/1N5AotTR8hzoNL72zVDnNgbYxtwQ8spzg9
it shows "2bSunnySaini30" instead of the address.
15366  Other / Beginners & Help / Re: [GUIDE] Cryptocurrency Wallets and their risks on: May 14, 2018, 03:42:33 AM
Types of bitcoin and cryptocurrency wallets.....
.... Cryptocurrency Exchanges
exchanges are not wallets! they should not be listed where you talk about "wallets".

I get what you mean. Exchanges aren't wallets, but when using your personal account on an exchange you are still given a wallet to use.  And also, I'm pretty sure a good number of people(including people I know) use exchanges as wallets.

that still is not a wallet. it is an account that you have on an exchange and they give you an address that they fully control for you to deposit so that they can hold your funds for you. this is not how a wallet should be and the fact that people use it as a wallet doesn't mean it is a wallet!

So with that logic, you mean any wallet(that doesn't give you control over your private keys) like Coinbase and Xapo got instance, doesn't fall in the "wallets" category?

Also again, the point of this topic isn't to point out which are technically wallets and which are not. It's to educate about the risks they are taking when using these services.

true. these services call themselves "wallets" but they are not a bitcoin wallet. Coinbase,... are more like banks and when you deposit your bitcoins (or any other coin) with them you are opening an account, something like a bank account.
the best term for them in my opinion is "bitcoin accounts" not "bitcoin wallets".

also i am not arguing about the point of this topic. it is a good one. i am just pointing out some stuff for clarification Smiley
15367  Economy / Speculation / Re: Japan will decide BTC Price Monday Asia time Zone on: May 14, 2018, 03:09:30 AM
This is a fact of life. BTC/Yen is over 50 percent of volume.
no it is not 50% of the total volume. it is lower than that. and even if it were 50% it still wouldn't have changed a thing.

Quote
Technical Analyst say BTC will go down:
No, you say "BTC will go down", TA says it is not clear which way it will go. bitcoin has not moved outside of where it has been for over a month.
not to mention that TA has never worked for bitcoin ever in the past.
15368  Other / Beginners & Help / Re: [GUIDE] Cryptocurrency Wallets and their risks on: May 14, 2018, 03:03:25 AM
Types of bitcoin and cryptocurrency wallets.....
.... Cryptocurrency Exchanges
exchanges are not wallets! they should not be listed where you talk about "wallets".

I get what you mean. Exchanges aren't wallets, but when using your personal account on an exchange you are still given a wallet to use.  And also, I'm pretty sure a good number of people(including people I know) use exchanges as wallets.

that still is not a wallet. it is an account that you have on an exchange and they give you an address that they fully control for you to deposit so that they can hold your funds for you. this is not how a wallet should be and the fact that people use it as a wallet doesn't mean it is a wallet!
15369  Bitcoin / Bitcoin Discussion / Re: How to "name" your public key? on: May 14, 2018, 02:46:53 AM
~
I use the blockchain wallet.

last time i checked blockchain.info removed the option for users to be able to have access to the private keys directly inside the wallet interface but there is a workaround, which is using the seed (called recovery phrase) of your blockchain.info to generate all your private keys that you have ever used.
there are tools for that such as https://iancoleman.io/bip39/ make a copy of its source code (link at the bottom) and go on a clean and offline computer. enter your seed in the first box then go down and choose BIP32 with its client on Blockchain.info now you can see all your addresses and keys at the bottom of the page.

by the way, this "name" thing you are putting in your address not in your public key. the address is the hash of the public key.
15370  Bitcoin / Bitcoin Discussion / Re: MILLENNIALS ARE BUYING CRYPTOCURRENCIES TO SAVE FOR RETIREMENT! on: May 14, 2018, 02:22:41 AM
It's nice to hear somewhere saying that Millennials are actually making progress, because everywhere we hear are statements and speeches against so called Milllenials.

Older generation just cannot digest the progress world is making, excluding a very small percentage all the others want to stay in the past , they keep saying "good old days", the terrible days is what those are!

It's great to see Millenials are engaging in Crypto field more and saving for retirement, most of them working with 5-10 year plans, and plans to enjoy the rest of their lives travelling and enjoying life, not doing a 8h to 12h job for the next 50 years of their lives, making some smart investments, Holding some coins and tokens, this is progress.

you are missing the whole point probably because you are caught up in some profit that you made by accident. the problem is that just because you see some big profit in cryptos it doesn't mean they are good investments to use for your retirement. there still is a huge risk investing in them and all can go wrong in an instant and ruin your future.
in fact there are a lot of newbies that are actually losing money in crypto market! you think they don't want retirement?
15371  Bitcoin / Bitcoin Discussion / Re: Bitcoin's volatility is a non-issue on: May 14, 2018, 02:17:28 AM
bitcoin's volatility IS an issue but it is not that big. the media and the FUDsters love to make bigger. the fact is when bitcoin is so volatile that price can move up to 20% in one day it makes it harder to either invest or use as a currency. it doesn't mean people can't or won't use it. they are still investing in bitcoin and also using it as a currency even though it is volatile.
the difference is if it stops being that volatile, it will be used more as both a currency and an investment.
15372  Other / Beginners & Help / Re: DAILY BITCOIN NEWS ?? on: May 13, 2018, 03:59:29 AM
How can I keep informed about Bitcoin news, insight, reviews, guides, and price analysis  on daily basis ?  Huh   Shocked
I have noticed lots of fake websites and magazines that only publish ads.  Sad
There are a lot of good websites that gives news about bitcoin. Nevertheless, I suggest cointelegraph.com and www.coindesk.com to always be informed about bitcoin news. If you want daily updates on insights, reviews, guides, and price analysis, always open threads from speculation section(which is a child board of economics) here in this forum. IMO user insights and price analysis on that section is good(specially in the wall observer thread). You can also try to browse reddit for good reviews.

generally speaking you should never pay too much attention to bitcoin news sites because they tend to post a lot of not-so-right articles, but some of them are known to post a lot of them like cointelegraph here. they are one of the biggest click-bait posters of all times.
regarding price and analysis i want to add https://www.tradingview.com/s/bitcoin/?sort=trending to the list. it has analysis from different people and sometimes they are good.
15373  Economy / Trading Discussion / Re: The pump and dump tactic on: May 13, 2018, 03:33:22 AM
~ How do you think how not to become the prey of such kind of whales` manipulations?

very easily!
you have taken the first step which is the most important one: accepting the fact that altcoins are getting pumped and dumped.
after accepting that, it is only time for knowing how to use it successfully. this means selling before the rest of the market started dumping on you. in order to do this you can take different approaches. for example one common easy one is to set a percentage profit that you want to achieve and whenever you reached that mark, you sell without hesitation. this way you take your money and profit out and ignore the market. another method is a little riskier but is still good, you watch the market and keep holding the shitcoin that is getting pumped until you notice the pump slowing down and when you see the first dump starting. the timing is very important here though, you need to act fast.
15374  Economy / Speculation / Re: Is there any chance to fall down BTC price at 5k again? on: May 13, 2018, 03:18:56 AM
there is always a chance for a big drop out of nowhere, this in fact is one of the reasons why bitcoin is still considered a high risk investment. but the question is whether there is any indication of such ridiculously big drops in the future? my answer is no. we already had all the drops that bitcoin could have had. price went do $5900 even and couldn't last long thanks to the big buy support and the real demand that is increasing every day. and each drop was not because of anything serious but mainly because of panic sells and lots of FUD. for example this current drop is because Mt Gox related coins moved! it is not even a valid reason for the drop...
15375  Other / Beginners & Help / Re: [GUIDE] Cryptocurrency Wallets and their risks on: May 13, 2018, 03:08:06 AM
Types of bitcoin and cryptocurrency wallets.....
.... Cryptocurrency Exchanges
exchanges are not wallets! they should not be listed where you talk about "wallets".

Quote
Web wallets are wallets whereas you can access your funds by logging in to a website/app using a username and a password; and usually with most wallets, they don't give you access to your recovery seed; instead, they are stored online and is only accessible by them.
very true.
maybe it is best if you put these two in a separate  category at the end because they are not wallets. it is more like looks-like-wallet category where exchanges and web wallets like Coinbase are in it.

Quote
Paper wallets are a good alternative to hardware wallets ...
...if you just want to store your bitcoins. but if you want to spend regularly then paper wallets are a nightmare.
15376  Bitcoin / Bitcoin Discussion / Re: MILLENNIALS ARE BUYING CRYPTOCURRENCIES TO SAVE FOR RETIREMENT! on: May 13, 2018, 02:34:45 AM
investing in bitcoin alongside the rest of your investments is a good thing and you can do that for the retirement not solely choosing bitcoin and definitely not altcoins. @QuestionAuthority is right, it is dumb to choose a new volatile thing for your retirement.
but i have a feeling that they are not choosing only bitcoin for that purpose, it is more like having bitcoin in their portfolio.
15377  Bitcoin / Bitcoin Discussion / Re: [Article] 10 Reasons Why Cryptocurrency Isn't Mainstream Yet on: May 13, 2018, 02:25:18 AM
1. Difficulties Spending
2. Poorly Understood
3. Volatility!
4. Legalities and other Regulations
5. Illegal Activities
6. Bitconnect!
7. Unregulated
8. Not a Commodity, not a Currency
9. Media Influence
10. Learning Curve

you are just repeating yourself to increase the number of reasons! most of these "reasons" are basically the same for example you say "bitconnect" which falls under illegal activity an it is not even big enough to be its own reason. you may have said Mt Gox here which was a much better reason on its own but it is old now.

in my opinion the only reason why it is not yet adopted on massive scale is the fact that there is a lot of attacks against bitcoin in the media. this is starting to change, ever since last year Japan adopted bitcoin openly but it will take time. the rest are all too small a reason to be effective.
15378  Bitcoin / Bitcoin Discussion / Re: Comparison of buying a cup of coffee with crypto on: May 13, 2018, 02:10:44 AM
this is the wrongest photo that anybody could have created because it is misleading, possibly on purpose to advertise Dash!
first of all it is obvious (as others said) the fees are a lie. fees for bitcoin went up for a little while and came down.
second it is intentionally ignoring the fact that if you are worried about confirmation then you have to worry about it properly. this means 1 confirmation for bitcoin is 100 times safer compared to 1 confirmation in Dash and 4 times safer compared to 1 confirmation in LTC. in other words you have to wait 1-3 conf. for BTC, 4-12 conf. for LTC and 100 for Dash. otherwise the risk that you are worrying about is still there, someone can scam you using Dash with 1 conf.
and finally if the fees are the only thing that you think about all day long then go use one of the "free" coins like NANO since it has no fees to begin with!

you see this is why i say it is advertising Dash, it has nothing to do with bitcoin fees or buying coffee even.
15379  Economy / Speculation / Re: bitcoin market recovering ? on: May 13, 2018, 02:02:41 AM
after long time bitcoin price start to recover from last month hopefully it will contineu in possitive site

As you can see that there was only small bull run, nothing big.
And this is actually understandable since nothing major has happened yet and no new money has come in to market, it will be some time before the new bull emerges.

it is the beginning of the bull run so it is understandable to start small. and each time the bull run starts there is always some bears leftover who don't want to see that happening. which is why there are all these resisting forces in the market that don't want to see the price rise up and when a psychological resistance like $10k shapes up, it becomes harder and harder to break it and each time we fail to break it a drop will follow.
15380  Other / Beginners & Help / Re: TUTORIAL: How to use Electrum (for beginners) on: May 10, 2018, 03:33:22 AM
@pooya87 Thanks for your suggestions. I will edit my tutorial once I have some spare time. I will try to finish a tutorial on more advanced features of Electrum by the end of this week. Do you have any idea which more advanced features of Electrum might be difficult to use for some people?

your title says "for beginners" so maybe it is not the best idea to add all these extra information to it for "advanced features". or at least don't do it in the main part. you can add an extra part at the bottom saying "for more advanced users" then put them there. @HCP covered them, if i could think of any i will add.
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