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1541  Bitcoin / Press / Re: [2019-04-20] Bitcoin podcaster Peter McCormack offers Craig Wright £100,000 to.. on: April 20, 2019, 10:15:35 PM
I don't see any point in offering CSW money to provide proof of something we know he isn't be able to prove.
It has turned into a childish mud throwing battle with only two winners, and these are Craig Wright and Calvin Ayre. These two entities make BSV look bad while Jimmy Nguyen, CEO of nChain is taking a different, more 'friendly' approach.

It won't surprise me if nChain ends up sacking Craig Wright, because there is no way they believe that he is Satoshi. They wanted to ride on his 'popularity' but it has backfired with how the ecosystem punishes BSV as a whole.

What I am waiting for right now is to see Craig Wright sue Calvin Ayre and vice versa. It's only a matter of time.
1542  Bitcoin / Press / Re: [2019-04-18]North Korea Plans on Using Bitcoin to Bypass Sanctions on: April 20, 2019, 09:55:00 PM
In the end, I think this is just speculation which extends for years without any real evidence.
Even the smallest bit of speculation is enough to blow up in articles like these.

North Korea is such an easy target to link to Bitcoin, that it is actually not an interesting option for them to utilize it at all, especially with how advanced blockchain analysis is today. Bitcoin is a horrible tool for that.

It makes more sense to use protocols such as XMR with how little media attention there is around them, and there is an actual form of privacy here. Or they use a basket of crypto currencies to hedge their risks, which makes sense as well.

If you think logically, transporting physical US dollars and gold bars is still happening between rogue governments, and this allows them to transact without leaving a trail behind on the internet.
1543  Economy / Service Discussion / Re: YoBit IEO's on: April 19, 2019, 10:28:35 PM
IEO is the new trend now when it comes to investing and you really need to be fast and alert if you dont like to miss out the train. You missed then you'll surely lose some money.
Even if you managed to invest, it's more likely that you end up losing than to actually make profit, and this applies to all exchanges that participate in this IEO hype. Also, you can't lose any money if you don't invest in the first place.

The problem these exchanges don't want to solve is how bots in a matter of seconds empty the whole pool of tokens, and it wouldn't surprise me if most of these bots are operated by the exchanges themselves.

Everything around this hype stinks.
1544  Economy / Trading Discussion / Re: Binance going to delisted BitcoinSV on: April 19, 2019, 09:48:30 PM
I think Craig Wright already got the memo. The price of BSV goes on a downward spiral, let's wait till the actual date of the delisting from Binance, I'm sure another wave of sell-offs will occur.
I doubt it. People always front run the actual event, regardless of what the event is. I do however believe that the value will continue to go down long term speaking, but probably in a slower manner.

It seems that people (me included) have underestimated how loyal their investors and believers in the "original" vision of Bitcoin are, and they will see these lower prices as a good entry point, which means that there is still liquidity.

Once the most persistent believers lost confidence in BSV, it will go backwards real fast, especially if large holders start dumping out of frustration. Either way, it's definitely interesting to follow.

Remember he said he is willing to sell his Bitcoin stash last November in preparation of the Bitcoin Cash vs Bitcoin SV hash war. I'm sure he has that option again in case BSV loses so much value.
He has no stash of significance. It's all mouth. He hasn't delivered on any of his threats.
1545  Economy / Trading Discussion / Re: How do you define a good exchange? on: April 19, 2019, 09:28:48 PM
So what i hate the most about probably many exchange sites, is the cheer amount of information that they have in your face as so as you open the page, people get really overwhelmed by charts and numbers and unnecessary list of coins, for an experienced person this is already something that they are used to but for someone who is new this is overwhelming and makes it look very complicated, so make it minimalist and let the user decide which coin he want to see its chart and price.
It seems that you are describing shitcoin exchanges. If you think it hinders your trading experience, then simply stop using these exchanges, or at least add the coins you like and trade to your favorites list.

I can't think of any decent exchange that doesn't allow you to customize the list of coins. I occasionally use Binance myself and only select Bitcoin and Ethereum to be added to my favorites, the rest is not of importance to me.

Also, people who are brand new actually join exchanges for their massive list of shitcoins. They love the choice that these exchanges offer, so it's more coins they prefer rather than less coins.
1546  Economy / Economics / Re: Current Market state on: April 19, 2019, 08:51:25 PM
for example like china banning bitcoin mining, this may seem that it had no effect on the market right now, but who knows what may happen when it actually takes place, i am not trying to be negative but it is good to be ready for anything, and not get ahead of ourselves.
The "mining ban" is nothing more than a proposal, and I am glad that the market doesn't respond to this nonsense anymore. This, to me, is a sign that we have seen the market mature.

In the past articles mentioning a potential China ban was enough to tank the price, and it happened more often than most people can remember. Almost every rally at that point was dumped down because of 'bad' China news.

And no, you are not negative, so don't worry. People here need to understand that there is more than Bitcoin to the moon and $100k before the end of the year. I welcome people speaking out as realistic as possible.
1547  Economy / Economics / Re: Have you figured out what you are Investing in? on: April 19, 2019, 07:22:47 PM
But most ICO projects in 2017 are successful and profitable for investors.
Are you kidding me? The only players these ICOs were profitable for were those behind the ICOs, and those who gambled and by luck made a ton of profit. In both cases it only concerns a small number of people.

Most people lost a lot of money due to their bad investments in "world changing" projects. Is it their fault? It surely is, but that doesn't change the fact that most people lost money.

And more, than many exchanges released in 2017 and they generate their exchange token. This brings more benefits to the first investors involved in trend change projects.
Only exchanges benefit from these tokens, because something that had no value when created, suddenly is worth hundreds of millions up to a few billion in Binance's case. It's ridiculous and very harmful to the ecosystem.
1548  Economy / Speculation / Re: Bitcoin Price Analysis: BTC/USD Bulls Keep Charging to Upside Targets on: April 18, 2019, 11:02:11 PM
Bitcoin keeps staying at a good price, after the pump it did not dump hard like what we see in the previous times, I can feel there will be changes soon.
Bullish prediction is right at this moment, we can see $,6000 after many attempts.
The dump that hasn't initiated yet can still do so in the coming days or weeks when we make that move to the $6000 mark. Everyone is so bullish, that it makes me question the short term price action we see.

After 15 months of bear market it's quite hard to become excited about the current mini bull run (or whatever you want to call it). As long as we're still trading below $6000 the bear market isn't over for me.

It's going to be interesting to see how the price will react to easter, because the volumes will very likely decline on top of the usual lower weekend volumes, and declining volumes usually translate into declining prices.
1549  Economy / Speculation / Re: How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now? on: April 18, 2019, 10:39:24 PM
If someone was really waiting for 1000$ and below seems he/she had no hope of bitcoin's rise because it's clear that even 3K caused a huge drop in mining profitability and a lot of miners left bitcoin mining,
It's actually not that bad. The hashrate managed to reach 50 ex/s again while the price was hovering below the $4000 mark, which is an indication of how strong the mining aspect of Bitcoin is.

I think the miners that were forced to shut down were largely speculators betting on a jump back to $20k, which clearly didn't happen. This hashrate will return eventually, it's just a matter of time for the price to recover.

1k and lower would destroy mining, it wouldn't be worthy even for big companies like bitmain, bitfury and etc. Also 1k price after seeing of 20k would destroy hope for betterment.
How will it destroy mining? The difficulty adjustment is a feature of Bitcoin for a reason. If the hashrate drops, the difficulty will too, and we have seen that already after the drop from $6000 to $3000.

Don't believe news outlets spreading fud. Bitcoin mining worked well for a decade without problems, and so will it do the next decade(s), regardless of the price.
1550  Bitcoin / Press / Re: [2019-04-17] Brazil Trades a Record 100,000 Bitcoin in 24 Hours on: April 18, 2019, 10:05:33 PM
Most of the actual demand is still coming from western countries, and even if there is a slight uptick in demand in countries such as Brazil, it's not nearly enough to positively affect the price.
Correct. The hype about the so called 'new crypto hotspots' is greatly exaggerated, which again is done by news outlets to sell you an interesting story and to make this space look more in demand than it really is.

The legit demand in most shaky countries has grown continuously throughout 2018, yet the price took a massive hit. If the overall demand was really taking off, we would have noticed that by now already, but we're not.

https://bitnodes.earn.com/nodes/?q=Brazil

Brazil is number 30 on the list with a total of 39 nodes. Yet another sign that the demand for Bitcoin there isn't what news outlets want you to believe. It's not a perfect indicator, but it has some weight to it in this case.
1551  Bitcoin / Press / Re: [2019-04-18] Corporate Traveller Now Accepts Bitcoin Payments on: April 18, 2019, 09:28:34 PM
I reckon the bitcoin news media should stop these misleading types of news articles about bitcoin's acceptance. The payments are processed by Bitpay and converted to fiat.
What is your problem? This is merchant adoption regardless of how you look at it, and as said by Carlton Banks, merchants can choose to either hold a small portion, hold everything, or have it all instantly sold to fiat.

You can't possibly know what they will do with their coins, and even if the coins are sold to fiat instantly, merchants accepting Bitcoin one way or another doesn't change the fact that people can buy their goods with Bitcoin.

Be happy that merchants are willing to put that Bitcoin accepted logo on their site....
1552  Bitcoin / Bitcoin Discussion / Re: Shower thought. Why is Bitcoin hard to define? on: April 18, 2019, 08:03:24 PM
I'd like to call it the People's Currency or Community Owned Currency. This would make more sense to people you are trying to explain it to. And they will most likely relate with it more
I like the term 'people's currency' because that's what Bitcoin actually is. The term 'community owned currency' is something that refers to a smaller group of people, or even a cult.

Explaining the technical terms (like decentralized, immutable, uncensorable and deflationary  currency) should follow when they need more information or aak for the advantages of Bitcoin
Spot on. New crypto participant's main incentive for entering is related to the price anyway, so the last thing they are interested in at that stage is people throwing around with terms they never heard of or thought to care about.

Keeping it simple does the trick. Lets be honest here, we all have been a newbie at one point, and we surely couldn't care less about the technicals as long as the price kept pumping.
1553  Economy / Service Discussion / Re: Anyone knows whats going on with Bitcoinwisdom? on: April 18, 2019, 06:33:48 PM
This is so retarded. I didn't even know of their .io domain. They have been know to operate on their .com domain for years now, and all the SEO is boosting that domain in every possible way too.

They should add more features in order to make it more interesting and worthwhile to pay for, otherwise they'll end up abandoning their whole platform eventually. The few ads they generate revenue from is an absolute joke.

Tradingview has gained a lot of popularity with how basically every social media influencer uses it, and I have finally made the switch too. It offers way more features and customization options.
1554  Economy / Trading Discussion / Re: Scalp trading vs. Swing trading, which is your style? on: April 17, 2019, 10:57:59 PM
Holding is still the most reliable means of investment and it is less risky unlike short term trade, although short term trade could really be more profitable especially when you are practicing bot, I mean long term investment and short term trading.
I don't see why people constantly force themselves to choose one option over the other, while you can easily do both long term hodling and short term trading at the same time. It requires zero extra effort.

I am not trading that much, but I allocated 10% of my total stash to short term speculation and the other 90% stays in my cold wallets for many more years. 10% is what I consider to be a pretty safe allocation to speculate with.

I know some people who use like 50% of their total holdings to speculate with, but that's just crazy--the greed here can and will likely do more harm than good during a losing streak.
1555  Bitcoin / Press / Re: [2019-03-16] India’s Best-Funded Bitcoin Exchange is Running Low on Cash on: April 17, 2019, 10:30:58 PM
Being an Indian resident, I can say that the crypto is not banned outright (at least not yet). But the government and the Reserve Bank of India (RBI) are coming up with more restrictive regulations every day and now it is almost impossible to operate any legal business (including exchanges) which involves the transaction of cryptocurrency.
Are the 'bans' affecting strictly businesses or also retailers? I recently read an article about how even peer to peer crypto to fiat transactions weren't allowed in India, but I don't know if that's actually the case.

It's difficult to take any of these articles seriously with how it's either wrongly translated, or intentionally written in a manner so that it is seen as negative. For non Indians it's near impossible to know what's true and what's not.

Even if you actually do some proper research, it's still difficult to figure out what's going on, just think about everything that happened in China throughout the last couple of years. It's one big circus show.
1556  Bitcoin / Press / Re: [2019-04-17]Google Trends: Cryptocurrency Users Buy Bitcoin Only on: April 17, 2019, 09:52:23 PM
With the scenario he has given again he expects Bitcoin to gown back below to 3600$ which I can say is possible but I don't say he is right that BTC would suddenly drop fast at that level.
At least his prediction makes more sense than all the delusional bears thinking that the price of Bitcoin has to dive under the $1000 mark first to settle a bottom. I'm sure they are biased because they are short.

As far as OP goes, the trends follows price action and if you take that into consideration, it's not that surprising that people search for Bitcoin. During last year's crash people searched for Bitcoin too.

The positive side however is that the Alexa ranking of Coinbase is improving after a very long period of continuous decline, so the interest seems to be real as far as I can see. Spot exchanges are a decent enough indicator for that.
1557  Economy / Trading Discussion / Re: 95% fake volume :) on: April 17, 2019, 11:31:24 AM
DEX can be the long term solution to manipulation but for now we have to be aware of fake volumes manually by checking the trading history too deeper.
DEXs are not a solution to end fake volumes. It will grant any entity even more freedom to wash trade and make their DEX look liquid, while in reality it's just as empty as an exchange as Coinbene.

In terms of figuring out what exchange cheats and which one doesn't, just look at when they launched and their current volumes. If an exchange launched like 3 months ago and already have +$100 million in volume, then it's very likely fake.

Most of the exchanges we see generate hundreds of millions in volume have also very poor web rankings, which is another sign that they are cheating. The "solution" is to avoid using these exchanges.
1558  Economy / Service Discussion / Re: Binance partners with blockchain forensics firm CipherTrace on: April 17, 2019, 08:46:31 AM
Is yobit even a exchange? Well, maybe yes but for dead coins, they are still traded here, overally this company is shame.
Of course it is. Yobit currently generates like $25 million in daily volume, which isn't all that bad considering how much of a shit exchange it is. But hey, newbies love to invest in trash coins, so there you have the demand.

I even think that Yobit will continue to grow with how the more reputable exchanges either comply with regulations, or become more picky about what coins they list in general.

As for the CipherTracr part, it doesn't surprise me at all that we have seen more exchanges and services partner up with similar firms, which is mainly done to please governments. It's the only way to not work against governments.

Binance has grown so large, that they have a lot to lose now, because the larger you grow, the more of a target you become for governments. This is also why exchanges as Yobit manage to survive this long.

Yobit is too insignificant to allocate resources to for governments.
1559  Economy / Exchanges / Re: ShapShift delisting BSV on: April 17, 2019, 08:08:13 AM
It's funny how all the BSV maximalists are still pretending to not be bothered by this, while their life savings are taking a massive plunge. Mass delisting + bad PR = bye bye for nChain and CoinGeek.

The sad thing about this is that genuine developers due to contractual agreements with these assholes, can't move to other platforms, so they have to continue going through this till the price bottoms out just over of under $25.

Once again a reminder that you should cash out fork coins directly after the split. I held some BTG just in case it would pump hard, but that turned out to be a very bad decision.
1560  Bitcoin / Press / Re: [2019-04-13]Bakkt Says ‘Race Day’ Is Approaching to Bring Crypto to Mainstream on: April 16, 2019, 09:47:06 PM
We are tired of the wait and the language soon, soon soon has become a daily sermon in our ear's, the are well informed about online payment system because they have always being involve in different payment system such as credit card and PayPal, so why the delay in the approval of the SEC.
It's so funny how people continue to have faith in Bakkt while it's clear that there isn't anything that will grant them an approval based on what their current proposal is about, and the same applies to Nasdaq and their Bitcoin backed futures.

LedgerX is waiting for approval on Bitcoin backed futures too, so it's going to be interesting to see if they can pocket an approval. It would turn Bakkt into a meme if so, and it loses its precious (potentially) first mover advantage.

My advice is to no longer wait for Bakkt to be approved--the less people care about something that has very slim chances of being approved, the less disappointment there will be when they once again come up with a new launch date.
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