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15701  Bitcoin / Bitcoin Discussion / Re: Who is Behind The Conspiracy to attack Bitcoin ? on: February 18, 2018, 03:31:43 AM
it doesn't have to be one person or group behind these bullshits that we keep hearing. it is because of the fact that almost everyone has already realized that the news can affect bitcoin price a lot.
as a result many of them try spreading what suites their needs. for example if they want to sell at a profit they spread good news about how bitcoin is awesome. and those who want to buy back at the bottom or short bitcoin spread the FUD.
many of these idiots go against the market and spread their bullshit and obviously fail but those who do it with the market trend win.
sadly there are enough weak hand idiots who are affected by this!
15702  Bitcoin / Bitcoin Discussion / Re: Crypto business gearing for Industrial Level! on: February 18, 2018, 03:18:40 AM
"crypto mining"?! i am interested to know if they really mean mining of  cryptocurrencies in general or mainly bitcoin mining because the article seems to be talking about bitcoin alone and also this part: "Russians are mining in their garages. We want to do it on an industrial scale." is pretty strange. it seems like they didn't understand the fact that mining should be a decentralized thing that anybody can do in their homes not rely on some third party for it.

in any case it is good to hear other countries focusing more on mining.
15703  Economy / Exchanges / Re: [ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more) on: February 17, 2018, 05:25:28 AM
Been reading all these for months, never had an issue with Bittrex.

Today I tried to enhance verify and it failed sue to my name being wrong.

IT was RESOLVED WITHIN 5 HRS.

They are not scammers IMO and the support has been fast for me. Never had any issues with Withdrawls or transfers.

Good platform and support ( UK USER )

We need to have a balanced review of thier support.

Thanks


lol you better use another exchange , they are the biggest scam exchange at the moment and I would literally trust yobit more than bittrex
an exchange who decide steal residents of some countries their money without even a legal force can't be trusted

it's been over 4 months and bittrex hasn't paid their debt to Syrians , Iranians , Cubans and many more nationalities

the worst part of this action of them is that not only they never gave any warnings to these users but also they used to say they have no issue giving service to people from these countries. i have seen proof that people contacted them from these countries and clearly asked them if they can sign up and make a deposit and they said "it is ok". then all of a sudden without a warning they decided to change their mind and rob them.
15704  Other / Beginners & Help / Re: Making enough crypto for trading without buying them on: February 17, 2018, 05:11:21 AM
stop wasting your time and buy $20 worth of bitcoin already! that is a much faster way of reaching your goal to "start trading" as you put it.
if you don't want to buy then sell something that you have for bitcoin. go to goods board of bitcointalk and start a topic selling something you have for bitcoin and use that to start your trading.
if you don't want to do that either, then start doing some job or offer some service to get paid in bitcoin. for example you can do translating jobs, coding if you know how, designing, photo editing, and lots more depending on your skills.
15705  Economy / Speculation / Re: It's time for bitcoin to go up on: February 17, 2018, 05:02:56 AM
i was expecting a faster rise after the $10k resistance was broken but it seems like there is no FOMO buying this time and we only have a slow rise which is a lot better because it is much more solid than a bunch of weak hands buying bitcoin out of fear but it means the $20k ATH will take a longer time to be reached.
good news is we won't get that many "bitcoin is a bubble" FUD for some time now.
15706  Bitcoin / Bitcoin Discussion / Re: BTC correlation to the USD, an inverse relationship? on: February 17, 2018, 04:50:15 AM
you are looking for something that doesn't exist in my opinion!

can US dollar decline lead to more bitcoin adoption? yes but it is not the reason for bitcoin's rise. bitcoin is rising nonetheless because of the adoption that it has but at the same time economical changes affects bitcoin too. bitcoin is also an investment so it is only logical to think people look to it for a place to store their money and make some profit when economy is not good.
15707  Bitcoin / Bitcoin Discussion / Re: Dubai's First Bitcoin Trader to get license on: February 17, 2018, 04:24:24 AM
~ So what is there to store greater values of bitcoin in a vault storage and also store in a cold wallet at the same time?

the difference is that storing your bitcoin with them, means relying on a third party. and if i am not mistaken their vault is in a way that you do NOT control the private keys. they know how much you own and you have to go through them to get your bitcoins.

a cold storage on your own means simply storing something like this:
Code:
VTJGc2RHVmtYMS9YbmZvWWswV3RXc25ZK0dyVWxMNnREQk9RaXJOa1Naai83TERvMndKbjQ1alYvSzhXSnNwagptYndUbHc5Q3lERk9ac0dOdXI5bHE1TGFOS0QwR3JvZTNhTVhxeTNyekxwSWwrOUJJenlROHc9PQ==
which for all you know can contain millions of dollar worth of bitcoin in it.

* that is an Electrum seed phrase encrypted with AES-256 CBC with no padding using "b4746d5e8a4c2ccd1f3f2c594fa0c10c" as password.
#enjoy
15708  Bitcoin / Bitcoin Discussion / Re: Why does Bitcoin first grow on the exchange, and then other coins grow? on: February 17, 2018, 04:02:33 AM
I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?

i don't see it like that.
what happens is that bitcoin rises as it is being adopted more and more. and during this time all or most of the money is in bitcoin market that is why altcoins usually get dumped during this time.

then because bitcoin can not rise forever and every healthy market needs to slow down it opens up some chances for altcoins to get pumped. so some money travels from bitcoin to altcoins to pump them.
but what happens next is that bitcoin keeps its price up and at least have a correction but altcoins get dumped down.
15709  Bitcoin / Bitcoin Discussion / Re: Dubai's First Bitcoin Trader to get license on: February 17, 2018, 03:55:04 AM
i still don't understand who in his right mind would want a "vault storage" for storing their bitcoins when you can very easily store bitcoin yourself in a much safer way!
usually when you choose a "vault" it is to store something that you can not store in the same manner. for example storing your cash in a bank account because keeping it at home is dangerous. but with bitcoin there are lots of options for cold storage which is even more secure than a vault with a third party.
15710  Alternate cryptocurrencies / Altcoin Discussion / Re: New BCH wallet problems on: February 16, 2018, 05:26:02 AM
first make sure you have the latest version of Electron because that is the bitcoin cash wallet not Electrum. the latest version right now is 3.1.2 https://www.electroncash.org/

it should automatically connect to BCH nodes, there were bugs in previous versions but they are fixed now. if you are not connected to a BCH node then try doing it manually from your Network setting inside Electron wallet.

let it sync, restart the wallet if necessary, and if nothing worked try restoring from your seed or using the portable version.

if these simple solutions didn't work it might be a new bug. if it is then show us the address you have imported and the transaction that your wallet gets stuck on.
15711  Economy / Web Wallets / Re: Does blockchain.info keeps my private key? on: February 16, 2018, 05:17:40 AM
If you have privacy concern, i suggest you to use Desktop wallet, whether it's SPV or full nodes wallet such as Electrum and Bitcoin Core.

if someone has privacy concerns then SPV wallets may still not be the solution for them because they will still be relaying on third parties who can know their identity including all their addresses which are connected, their IP address and how they use their coins.
because for example when you use Electrum you connect to a server (an Electrum node) and ask for your transaction history for ALL your bitcoin addresses and they can see your IP. you can change your IP of course but they still connect your addresses.
full nodes are the only solution for this.
15712  Economy / Trading Discussion / Re: Market to ath again on: February 16, 2018, 05:11:57 AM
What is your take on the market conditions? Do you think we are seeing this bullish trend (from the bottom) keep going to ath again, or do you think resistance will hit the uptrend back again?

What price levels are you watching?

I am watching 12k, but I am very bullish on the market right now.
I do not know if we can even call it an uptrend, we suffered a crash and the price is suffering a correction, most of the time we think of corrections as the price going down but a correction is just an adjustment of the market when there is a distortion in the price and the price of bitcoin was too low, so I think the market is going to stabilize for some time and move in a tighter range from now on.

Maybe the price will stabilize for a week before it launches to another price so definitely nothing to worry about some dips.
However I'm very speculative that after bitcoin hit the $11k resistance we will see again the constant surge.

if a big surge were to happen, it would have started already right after it hit $10,000 and price would have reached a much higher price such as $14,000+
but it seems like market is favoring a much slower rise for now. maybe because the FOMO buyers are still scared since they were burned badly in the past few weeks that they sold in the dip and lost money. but they never go anywhere so a big surge is still a possibility but it may take a higher price than this.
15713  Economy / Speculation / Re: Will Chinese New Year boost crypto market cap? on: February 16, 2018, 04:51:54 AM
Quote
the New Year is the same thing but in both ways. before it, people say a lot of Asian countries that celebrate the New Lunar Year will sell their bitcoins to pay for their travels,... and it is a big thing in Asia. so they speculate price drop. that much is enough for the price to drop even if not a single Asian sells their coins!
then after it is over they speculate the money will come back, again that much is enough for the money to  come back even if not a single Asian buys back bitcoin.

Ok, so it is nonesense then because according to you, the price moves because there are speculators who are trying to be ahead of the market. Did I understand your post correctly?


not 100% of it but yeah.
i do believe that a big part of the market is just speculators trying to be ahead of the market. but of course it is not all of it. there are actually people selling bitcoin (liquidating) in Asia to cover their travel costs so it is not completely nonsense.
it's just a theory of mine though, don't shoot me Roll Eyes
15714  Other / Beginners & Help / Re: What Is The Best Btc Wallet? on: February 16, 2018, 04:39:10 AM
check the links that were given to you so far, and remember that you don't have to choose one right away. you can for example install multiple wallets (you can do it on a virtual machine if you don't want to install them on your main OS) and try them out. see how they work, see if they are user friendly and satisfy your needs. no funds are required in this step.
then you can send a small amount to the one you finally choose, try receiving/sending with that wallet and learn.
finally when you are confident enough, send a larger amount that you want to store in that wallet to it.
15715  Bitcoin / Bitcoin Discussion / Re: Bitcoin suddenly became a "storm shelter" when stocks plunged on: February 16, 2018, 04:14:21 AM
it is not exactly as OP puts it but i believe that it has always been like that meaning bitcoin appreciated a little more whenever other markets were performing poorly like when Stocks market is dumping! but at the same time i always think it can also be a coincidence because bitcoin is rising overall so even when Stocks market is rising bitcoin is still rising.

and it is never a safe haven because of the high volatility of it. bitcoin is still a high risk investment. and altcoins are even worse because of their much higher level of manipulation.
15716  Bitcoin / Bitcoin Discussion / Re: Supply of Bitcoin will be lessen when its owner die? on: February 16, 2018, 04:03:12 AM
When that happens, many of the users here called that a lost coin and this coin will never circulate again, The bitcoin supply will truly lessen and if the supply is less, then surely the price of bitcoin will surge.

Not really. Because we'll have no idea whether that person is dead or not. The only time you can be absolutely certain supply is lessened is when coins are sent to a publicly known burn address.

i am not sure that we can technically be sure that the coins in the known burn addresses are unspendable!
but the only 100% sure that i know of which leads to making some coins really unspendable is to put it in a OP_Retrun output. because it is possible to set an amount for it and it is 0 wherever you look but it can be non zero and it will effectively "burn".
15717  Bitcoin / Bitcoin Discussion / Re: Coinbase on: February 16, 2018, 03:54:17 AM
But what about coinbase vault? Isnt that safe just like wallet?

when we are talking about bitcoin then any method of storing it which involved a third party specially when you are not the only person controlling the private keys, is a terrible choice.
you should never trust any third party with your bitcoins. bitcoin is designed in a way that you do not need them. you can store your keys on your own in a very secure manner. and there are lots of options, from very cheap like a paper wallet to a more expensive option such as buying hardware wallets. and if you are holding a considerable amount of bitcoin (anything more than $1000 worth of it really) then you have to take storage seriously.
15718  Economy / Speculation / Re: Bitcoin is recovering on: February 16, 2018, 03:42:28 AM
yes, the current price which is above $10k proves that the downtrend is now officially over and we are back on track. this price is special because it is one of the biggest major supports that bitcoin has at this range and it works as a barrier.
i was kind of expecting a bigger rise after $10k though, which is strange that it is not happening yet.
15719  Economy / Trading Discussion / Re: How can one trade without losing?? on: February 15, 2018, 05:12:31 AM
it is impossible to trade without losing anything. trading has a certain level of unpredictability that makes it hard to always make profit. even big players lose at some point. the important thing is that your total is not loss meaning at the end of the day you should have made profit.

also all these "trading signs" you mentioned are good but when it comes to altcoins and somewhat even bitcoin, they are not as useful as you may think because the market is small and that makes it more unpredictable. and in altcoins there is mostly pump and dump instead of real rise and falls.
15720  Economy / Speculation / Re: BTC breakout on: February 15, 2018, 04:58:40 AM
I think it can't break $10K and we will see another dip, down trend will probably continue till maybe summer. I hope it will break resistance levels and go new higs.  Smiley

would you mind explaining why you think this is possible?

because the way dips work is usually in a way that price rises, tests the resistance if it doesn't break it then there is a fall. if it breaks the resistance that alone is like a global signal for buying, that is why they call it "breakout"! price rises fast after that at least for a while. and $10k is that resistance.

not to mention that as OP said bitcoin is starting to have higher highs and higher lows which is indication of a uptrend.
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