first of all they guess that satoshi may have about 1 million bitcoin, nobody knows for sure how much of if satoshi even has access to them or even is alive or not!
secondly, someone who waits this long (8+ years) is not going to suddenly unload 1 million coins on the market to harm what he himself created! that would be idiotic.
and finally 1 million sell off is not going to do anything to the market. but satoshi stash moving may cause some panic, and the bigger market gets the smaller this panic will be.
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cloudmining is not an option at all. not only 99% of them are scam ponzi but also they are not profitable at all with all the fees they take out of your payment. as for individuals mining at home, people usually go for mining altcoins rather than bitcoin because buying a couple of good GPUs is much easier than buying a brand new ASIC miner specially if you are not in China additionally altcoins are easier to mine, get pumped a lot and can potentially be more profitable to mine with smaller equipment (like 1 GPU instead of a rig for instance).
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this looks more like "we want to ban" not "already banned" to me. although it really doesn't make any difference. you see banning bitcoin trading or banning exchanges means that you can not buy or sell bitcoin easily with fiat. because fiat means you have to go to a centralized place (most of the time) and if it were banned that place won't exist. but when we are talking about "payment" or usage of bitcoin, nobody can do anything about it. bitcoin is decentralized and peer to peer you can not ban a system like that ever.
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with the addition of new markets for bitcoin recently a new rally started and that is bringing in a lot of money into bitcoin based on speculation alone. that can potentially mean reaching $7000 pretty soon. price already reached $6900+ so the $7k is not that far it is only a 1.4% rise from the ATH to get there!
there is also the fork coming, which seems to have a positive effect despite what i was expecting and people are buying even more bitcoin possibly to get new free coins!
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usually in the developed countries people find out a bout newer technologies faster and use them more too. there will also be more services for that new technology too. bitcoin needing internet, also means you can not expect that many users in under developed countries which have slower or even no internet access in some areas.
your picture that you share here is also very misleading because it only shows the ATM machines in different countries and that is not a representative of number of bitcoin users.
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is it just me or is nobody capable of selling anything on NovaExchange?
i know they are closing but they never said anything about closing down markets and/or trading. and i have some different altcoins there which i would like to convert back to one coin and withdraw that coin, possibly LTC or at least all into bitcoin then withdraw that. but the orderbooks are empty, or at least i see them that way!
API call works fine though!!!
Everything is working fine. Maybe everyone sold the coins which you are holding. That's why the buy orders are empty. But their site was too laggy/slow few hours earlier than now. I have successfully withdrawn all my coins from Nova, but it took time to withdraw due to slowness. strange. i have tried a couple of more times but i still don't see anything in the orderbooks. they are clean as in nothing in them, there is no history either. and i have checked multiple markets, not just one coin. i guess it must be some issue with their server, the slowness can cause it too. well i at least don't have much there to worry about
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i think the most we get out of this is a good publicity for bitcoin. just like when idiots like Jamie Dimon speaking shit about bitcoin has negative effect, the news like this have the positive effect on bitcoin. it shows bitcoin in a more positive way, eliminates all the doubts that anybody may have had in their mind about bitcoin, such as calling it fraud, ponzi,...
but i personally never like these things. they bring too much centralization to the game. we need more decentralization instead. more of decentralized exchange, decentralized markets and everything else.
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if they keep the exchanges closed and not let them start their services again then the government will lose their control because people are going to continue to invest in bitcoin and continue trading it. even if it means doing it elsewhere or face to face, there is no stopping that. so it is better if they allow the old exchanges to come back to work and then have control over them by regulating them and watching the flow of money in and out of these centralized exchanges.
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~ In other words, it simply means, forks happen due to opposing beliefs about a certain proposal to improve the system (or other reasons) which, as a side effect, could weaken the "original" (or whatever you may call it) system. That's hardfork. Softfork, on the other hand, is about adding new rules which needs approval of the majoriy of the miners.
Like a game. Adding new rules is called softfork while creating a new game inspired by the original one but works differently if compared to is called hardfork.
all wrong. you are explaining a split but using the word "fork". a fork is simply an upgrade to the code. some addition or deletion of rules for example. that is all. the split happens if the fork doesn't have enough support. and it doesn't happen if it has the support of the majority. your definition of the soft and hard fork are also wrong. although there is not a clear definition that everyone agrees, but generally a soft fork is when the software remains backward compatible and a hard fork is when it doesn't. both can add new rules. Still, what are the implications in terms of volatily?
volatility and price are speculation related. they have nothing to do with the forks. they are more like the reaction of the market to some news. If I understand well, SegWit helped Bitcoin to improve so the coin raised its value (able to deal faster with a higher number of transaction)
SegWit didn't "improve value" the market did. SegWit improved bitcoin and added new functionality and that plus the end of scaling debate led to price rise. while BitcoinCash would like to crush Bitcoin (whose value would plummet)?
that is politically correct not technically
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if Amazon starts accepting bitcoin it will be great for bitcoin but not in the sense that people think, as in everyone will start using it instead of fiat on Amazon! people who have bitcoin are not so eager to start spending bitcoin. that means even if Amazon news was right and they started accepting bitcoin for real, there won't be that many transactions with bitcoin all of a sudden. but the good part is the good publicity that it gives bitcoin. everyone around the world will see bitcoin as a currency. and from that day onward there is an additional big business (including Microsoft and Dell) that is accepting bitcoin so when people like JPMorgan CEO starts talking crap, everyone will laugh at him not just some.
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security is not just having something expensive and think you are safe. you have to keep yourself safe. for example did you take a backup from your seed? if not you can lose your funds. if yes anyone who steals that seed doesn't even have to break into your hardware wallet, that is enough to get all your bitcoins.
you always have to educate yourself and make your money secure, it is not automatically safe. i have been on windows for year, i have a desktop wallet, a web wallet and a cold storage. none of which was ever hacked.
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i don't know where you are checking the price but bitcoin never went above $64xx. there is still a long way to $7000. and there really shouldn't be a reason for this rise, it is not that big a deal unless it actually goes above $7000. in any case this sudden rise is associated with this news: https://www.ft.com/content/1c9f468a-be53-11e7-9836-b25f8adaa111CME Group, the world’s largest exchange operator by market value, is readying plans to offer futures on bitcoin, giving momentum to cryptocurrencies’ move away from the fringes of finance.
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recently saw a large number of companies are also working with bitcoin, Amazon has docked.
Steam is accepting Bitcoin for a long time, still don't see many people buying things on there with bitcoin, just because they don't know what it is / how it works / don't have it etc. IF Amazon decides to work with bitcoin, this doesn't HAVE TO mean that bitcoin will be all prosperous, it can be just like the steam situation. But of course, it won't be a bad thing what do you mean "don't see"? you mean you went to Valve Headquarters or BitPay servers and checked how many people have been using bitcoin to buy things from Steam Store and saw not that many do? have you checked out the BitPay's annual report on the growth they have been experiencing? check it out if you haven't already. and if you had watched some of the DotA2 internationals you could have seen how many of the audience there had bitcoin sign with them
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is it just me or is nobody capable of selling anything on NovaExchange?
i know they are closing but they never said anything about closing down markets and/or trading. and i have some different altcoins there which i would like to convert back to one coin and withdraw that coin, possibly LTC or at least all into bitcoin then withdraw that. but the orderbooks are empty, or at least i see them that way!
API call works fine though!!!
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i am not an expert in technical analysis but in my experience it will never work to make a speculation like this. and i have seen the same speculation, and using of Fibonacci retracement to predict the bottom and it never works. they say it will drop to X based on it each time there is same patterns but in the end it will be just a waste of time to focus on TA.
is it possible? yes it is but it is as possible as rising to $8500 in the same time frame.
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what is this?
it is a "phishing attack"[1] which is for example when they create a website that looks just like a trusted website (XAPO here) and trick you into trying to log in or give your sensitive information to scammers so that they can s teal your money (bitcoin here). this is just one of many risks of using a web wallet (a third party) for storing your bitcoins though. [1] https://en.wikipedia.org/wiki/Phishing
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you are asking this on a bitcoin oriented forum! that means your answer is option #3 cryptocurrency market! it is like going into a coffee shop and asking people if they like coffee! Personally I do love to trade with stock market and with cryptocurrency, forex is quiet more complicated for me and more risky. What is your thought about this ?
there is risk in all these markets, there is no exception. sometimes it is more and sometimes it is less. the more unpredictable the market (like the altcoins) the higher the risk. but also when the person trading in said markets have no experience with them they will find it risky and find themselves losing money instead.
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will bitcoin gain momentum this time?
what do you mean by "this time"? bitcoin always had momentum. it is a trend that has been going on for a couple of years now, after the MtGox long bear market. although if you omit that period, you can say this trend has always been going on. the rising trend is what i am talking about. and it means price is on the rise, sometimes faster than the other times and generally the speed is increasing. the charts can eventually be like an S which means we are still on the base of that S reaching the vertical part and eventually reaching the stability of the upper horizontal line.
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your transaction is already confirmed. the problem was low fees, the reason was that you got unlucky. if you have sent it half a day sooner it would have been confirmed in next block (less than 10 minutes). you just sent this transaction near the time the spam attack started and the number of unconfirmed transactions went from 1100 to 40,000 within 6 hours. you can always check this: https://blockchain.info/unconfirmed-transactions to see how many unconfirmed tx are there approximately and make sure to always check the RBF on your transactions so that you can bump its fee if it was stuck like this. as for coinbase, now that it is confirmed you should see the funds in your account. if not just contact them and give them the tx id and it will be fixed.
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the "upcoming" halving is not for a couple of years. 2020 to be exact.
and mining bitcoin is always something that will be profitable. most of the time profitable by a lot for example if you can find away to buy latest ASIC miners cheaper (eg be in China), or find a way to have cheaper electricity (some countries have much cheaper electricity cost). and with bitcoin price rising it remains the most profitable thing to do. and with the way difficulty works it will remain profitable because for example if it stops being profitable, miners will leave and difficulty will come down and it becomes profitable again.
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