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15821  Economy / Speculation / Re: 2017 was maybe the last era of bitcoin? on: February 02, 2018, 04:08:41 AM
just because price has gone down it doesn't mean it is the end of the world! you claim to be in bitcoin since 2013, so it is very surprising to hear this from you. someone who has been around that long has seen all these manipulations and drops and panic sells.

and the only reason why it is at this price right now is because a bunch of market makers have been pushing it down. the drop below the major support ($10k) was not normal and when it was below it there was no longer anything preventing the drop.
15822  Bitcoin / Bitcoin Discussion / Re: Bitcoin is in danger? on: February 01, 2018, 05:38:09 AM
TRADINGEthereum and Bitcoin appear to be separating. ETH is in a 14-day uptrend while BTC is still in a 25-day downtrend.

first of all you are full of shit because ETH has been on a downward spiral for the past 14+ days, it just recovered a little bit today like 65 other altcoins.

and that is the way centralized coins work. ETH has a very good pumping team behind it with a lot of money at their disposal and they pour it into the project either directly using poloniex with big buy walls that nobody can eat through or by paying for lots of advertisements to fool the newbies into investing in it. and yet they spend nothing on actual development and fixing of the issues it has been facing for over a year now.
15823  Other / Beginners & Help / Re: Backing up wallets on: February 01, 2018, 05:32:24 AM
depends on your wallet type.
for example to backup a paper wallet you simply make a hard copy of it!

but generally the wallets are two types: they are either Hierarchical Deterministic (HD) or not.
if they are then it means they are using a master key to generate all of your private keys. if you create a backup of that master key then you can always recover ALL of your private keys at any time, whether they are in use right now or are generated in the future. these wallets (like Electrum and blockchain.info) usually use a bunch of words also known as Seed which you need to write down. but wallets like bitcoin core don't use words so you have to make a backup of the wallet file itself.

if they are not HD then you have to make a back up of all your keys or your wallet file containing these keys every time you create a new key pair.
15824  Economy / Speculation / Re: Smile! There are no worst possible scenarios. We've already survived the worst! on: February 01, 2018, 05:23:33 AM
meh, you know what? i stopped worrying about bitcoin price a couple of days ago. i cashed out of the market (withdrew my bitcoins out to cold storage) and stopped thinking about what will happen and stopped trying to make profit. i stopped trading altcoins too because when bitcoin is unpredictable they become unpredictable too.
now i am happy with my coins in safety of a cold storage. i will just buy more if i had any spare money in the near future and will wait until movements become more logical rather than irrational panic sells.
15825  Economy / Speculation / Re: People keep saying HODL but are they really hodling? on: February 01, 2018, 05:04:40 AM
i don't know what market capitalization has anything to do with anything directly that you keep repeating it but the thing about people is that those who know what to do, usually never keep announcing it. if they wanted to sell they would have done it a while back at a much higher price and those who don't want to do that simply won't and keep holding.

it is the panic sellers who are always most vocal and panic sell into pockets of the whales and they always do it way too late when price is already lower than the price they should have sold.
15826  Bitcoin / Electrum / Re: install electrum cash on ubuntu on: February 01, 2018, 04:35:31 AM
1. you download the latest version installation file. a tarball (.tar.gz)
https://electroncash.org/downloads/3.1.2/win-linux/ElectronCash-3.1.2.tar.gz

2. you download the signature of the file which should be "name of the file.tar.gz.sig"
it can be other extentions than sig since it is basically a text file. it usually is .sig .asc or even .txt
https://github.com/fyookball/keys-n-hashes/blob/master/sigs-and-sums/3.1.2/win-linux/ElectronCash-3.1.2.tar.gz.sig

3. you download developer's public key
i believe this is the key he uses: https://github.com/fyookball/keys-n-hashes/blob/master/pubkeys/jonaldkey.txt
use
Code:
gpg --import <keyname.asc>
15827  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Cryptos are "printing money at home". it's illegal on: February 01, 2018, 04:17:01 AM
Cryptocurrencies is like printing money at home because Bitcoin and cryptos are decentralization of currency making.
Centralization of currency making means only central banks of each country can print money/currency (US Dollar, Euro etc..)
Printing money at home or in factory is illegal in all the countries.  Angry
This is the reason Economist "Marc Faber" said "there is will 10,000 cryptocurrencies and the bubble will burst"  Grin

"Economist" my ass. printing money which is illegal means you acquire the paper that cash uses then use the same printing machines and print the same cash bills. this is illegal not creating your own medium of exchange. you can decide to use rocks as a medium of exchange and nobody can tell you otherwise. or go back to hundreds of years ago and exchange goods with each other (silk with sugar,...) and stop using the government issued fiat. and there is nothing illegal about that.
15828  Bitcoin / Bitcoin Discussion / Re: Anonymity on: February 01, 2018, 04:03:23 AM
One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

first of all bitcoin is not anonymous and it has never been anonymous.
secondly you can always be involved with bitcoin anonymously, better said with a high level of privacy.
and finally when you get fiat involved, your privacy and anonymity goes out the window. but that has nothing to do with bitcoin!

Quote
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too. 

Is this a good thing or not? You thoughts?

good or bad, it has been like this for as long as KYC/AML laws existed which is probably 50 years or more. and these laws are because of fiat as i said above. it has nothing to do with bitcoin.
15829  Bitcoin / Bitcoin Discussion / Re: Should bitcoin have risen a little slowly? on: February 01, 2018, 03:59:18 AM
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and  governments.

a solid or a slow and steady rise is always preferred for bitcoin. it has been the way price went up from $150 to $1200 or even $2000. but that is not the way adoption works. many people are staying out scared of bitcoin just because someone said it is a bubble back when price was $400 then repeated it when it was $600 and so on. when they realize it is a lie they start FOMO buying bitcoin at any price and that shoots the value up.
not to mention the mainstream adoption that happened in 2017 which brought in a lot of new investors/users/merchants. and that naturally shoots the price up fast.
you can't say if it is good or bad. it is what it is.
15830  Economy / Trading Discussion / Re: Crypto Trading or Online betting? 2k Usd budget. on: January 31, 2018, 06:10:41 AM
if you don't know what you are doing then your trading is going to be like betting too and you lose the same amount of money in both of them. maybe even more in trading since the altcoin dumps are sometimes big and fast.

but if you learn it and know what you are doing in trading, then it is not even correct to compare trading and gambling because gambling is pure luck and you will definitely end up losing in the long term because of things such as house edge but in trading you will make money even if you lose a couple of times.
15831  Economy / Trading Discussion / Re: What's up with the tether scam? on: January 31, 2018, 05:58:02 AM
Tether has always been shit and everyone who has ever bothered to look into what it is knows that already. when the company does not even guarantee exchange of it with real dollar, and when they don't even guarantee the price of it to be always $1 you should know what you are dealing with. and that is not new.

the drama about it is that they are saying Bitfinex is printing USDT out of thin air and then buys bitcoin with it, pushing the price up. they even go as far as saying that all the current rise is because of it and ignore the fact that bitfinex has less than 6-7% volume among all the other exchanges.

p.s. the author of that article on medium is nuts Cheesy
15832  Economy / Speculation / Re: Apocalypse BTC! How low will it go? on: January 31, 2018, 05:43:24 AM
my expectation was and it still is $10k to hold strong. there has been absolutely no reason to go below it apart from manipulation. it was nearly a 50% drop from the ATH and despite all the FUD all the corrections, bubble bursts,... should have ended by then.

since market is not moving according to my expectations and i can't predict it anymore, i am out of the market and back to cold storage. i just sold bitcoin last night (~10 hours ago when the FUD began) and my last buy order was filled just now and my withdrawal to cold storage is also finished. now i will sit on the sideline watching the chaos Cheesy
15833  Economy / Speculation / Re: What will be the bottom(for you)? on: January 31, 2018, 05:32:52 AM
it shouldn't have gone below $10k to begin with Smiley
it seems to me that for the past couple of weeks they have been spreading FUD with some good expertise and creating panic in the market and kept it consistent to decrease the bitcoin price for some reason.

looking back it was first the ban FUD, China and Korea. then the bitfinex subpoena came out which was actually a couple of weeks ago but the news was kept hidden until last 10 hours that it started filling the media
15834  Bitcoin / Electrum / Re: I have sent 10mbtc but it's sent 12mbtc and 2 mbtc sent to other address. on: January 31, 2018, 05:01:38 AM
it is the 2FA fee paid to TrustedCoin for their services!
read this similar question: https://bitcointalk.org/index.php?topic=2825460.msg28943949#msg28943949
15835  Bitcoin / Electrum / Re: How to fix dust transactions? on: January 31, 2018, 04:49:43 AM
There is no way to see the amount of dust, right? So how would one know by how much to increase the transaction fee?

if you haven't already, go to View and select "Show Coins" in Electrum, a new tab will show up called "Coins". there you can see all your unspent transaction outputs that you own. among these the low value transactions are dust.
the amount that is considered dust by the network has changed many times so now i am not sure how it is calculated today. last i checked it was 546 but that is for sending that amount not spending it if you have it.

for spending you pay a fee and depending on how much the fees are at any time, you can consider different levels for dust. right now with low fees anything below 0.0002BTC-0.00002BTC with normal fee and low fee respectively can be spent without losing much to the fees. read this for more info: https://bitcointalk.org/index.php?topic=2848987.0
15836  Bitcoin / Bitcoin Discussion / Re: Bitcoin Lightning Network on Mainnet..now LIVE! (Really? See Article) on: January 31, 2018, 04:33:04 AM
Well and good...what is your view on how 'gradual' will this be? I myself don't know enough....I HOPE you are correct and such a gradual rollout will gain steam and credibility

but am clueless on how/what/when they plan this (or hope this) protocol will evolve


Ain't got a clue. And there is no 'they'. It's hundreds or thousands of people from all over the world all beavering away.

I presume what most people will regard as the 'real' launch will be the big exchanges offering it. As stated elsewhere I don't think they will.
I don't think exchanges offering LN transfers will happen anytime soon, also it isn't some I would expect LN to be used for. Main purpose of LN is for micro transactions, so essentially as a payment processor where bitcoin is accepted as payment would be the first places where I would like to see LN.
And anyways I don't think exchanges will allow trading of BTC which aren't transacted on the chain.

i wouldn't call "micro transactions" as its main purpose. i think the speed is the main purpose instead, even the name is "Lightning" Network which is hinting at the speed and also scaling which means adding capability of handling virtually limitless number of transactions per second.
15837  Bitcoin / Bitcoin Discussion / Re: I'm so happy this is happening! on: January 31, 2018, 04:22:03 AM
i am actually a bit mad about what is happening right now because it proves once again that bitcoin market is still susceptible to manipulations, and as you said there are a lot of newbies who are making a certain group of people (the market makers if you will) richer each time something like this happens.

each time i see something like this is spread in the news and then price tanks i recall the glorious day back in January 2015 when same thing happened and my orders which were placed for fun at $170 and $180 were filled... and that was nearly the start of me buying bitcoin.
15838  Bitcoin / Bitcoin Discussion / Re: Bitcoin became more popular in 2017 on: January 31, 2018, 04:14:56 AM
Bitcoin's value has risen from $ 800 in January to a record $ 20,000 in December.

the funny thing is, the bitcoin price last year in January was $1000+ when the year started then started struggling like this year and fell down as low as $750 and stayed below $1000 for a while before breaking out and starting the real rise.
15839  Economy / Trading Discussion / Re: Dynamic Stop Loss? on: January 30, 2018, 06:28:23 AM
unfortunately exchanges lack a lot of features that are necessary for trading and they won't add them either since they are busy with finding ways to make more money and there is no competition for most of them anyways.
your only option is to use a trading bot that offers such features. i don't use any to suggest them but i know this free/open source one which many have been satisfied with: https://github.com/askmike/gekko
check it out and if it didn't have the feature you can contact the developer and ask him to add something like that
15840  Economy / Trading Discussion / Re: Someone Just Transferred 40000 Bitcoins on: January 30, 2018, 06:17:43 AM
it is the famous bitcointalk user called Loaded who has moved his coins from a legacy address to a Bech32 (native SegWit address).
https://twitter.com/khannib/status/957186970672947200

here is him signing a message from the "source" of this 40000BTC. i don't know why he kept moving it before this!
https://bitcointalk.org/index.php?topic=1836672.msg18280840#msg18280840
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