Yeah, people like me will be slightly happier for this correction, long awaited and long delayed. Definitely had a good run and honestly not out of sync with the rise and decline patterns we've been accustomed to over the past year. Is this a good place to buy more Bitcoin? For sure, and to return alts to better levels against Bitcoin, I might add. I may even be hoping for below 10k if it it will mean a healthy surge back to $15k and a stabilisation attempt there. Christmas gift indeed, if anyone here is looking for a payout in crypto. Overall, my holdings have slipped 30% from just a few days ago, so diversification hasn't really changed the broad pattern of losses, but like most holders, this is but a blip we're happy to have now rather than later. Well, if is goes down a further 20-25% in this final week of December, I'll be an expert for having predicted a max level of $10k by the end of 2017  |
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I think that I would not have too much fun gambling if I owned more than, say, 1 million euros. Gambling seems rather pointless if you have that much money and I'm not really looking to become a high roller, gambling with a few thousand euros per bet or anything like that. If we're talking about BTC exclusively, I think around 20 BTC should be enough Yeah, I would imagine it would take a lot of wealth for me to pick up new hobbies, that would probably mean I have no more time to gamble. If I had a million euros, though, the immediate use would be for two homes, one for myself and another for my family. Nice ones without being immodest, I'd say about 300k would be gone to that (including a maintenance fund for the next 25 years). Then to enjoy the world and all that I'd probably use that all up in the next five years, or choose to use it for the rest of my life, in which case I wouldn't have new expensive hobbies and still want to gamble. But if some guy came up to me and asked this, I'd ask for 100 BTC. I'd probably end up taking even 5 BTC, to be honest. Any less and I'd be hesitant. I'm learning to gamble responsibly as I age, I do enjoy sportsbetting especially and who the hell doesn't look forward to poker night with friends, right? |
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I'm almost glad I wasn't able to come online last night to put my prediction in (wanted to come in just before 2 am and actually stayed up following all the updates but just forgot. As it turned out, I couldn't foresee this huge dip at the moment, so would have been far in error.
Anyway, thanks criptix for the opportunity to participate. I think it was quite fun - but for next time, hope the second round requires a little bit of interaction, perhaps some very basic concept of how we arrived at the price. Might go a long way to proving that AIEVE doesn't need our TA or sentiments to make a good call. Maybe AI, big data and NLP are, after all, the way to the future.
See you all next round, and well done to the winners.
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If everyone used BTC as a store of value instead of trading everyday, we wouldn't hear all of the complaints about price/transaction fees. There are other coins for that. BTC should be HODLed and used for HUGE purchases. These tactics would minimize price swings and transaction fee complaints...
We are compelled by circumstances to use such tactics but this tactic is disastrous for bitcoin. It seems to me that bitcoin had the opportunity for their development must be the turnover of bitcoin. It was invented not for long term savings. The goal of bitcoin is independent of the state currency. I am sure that the present drop in the price of bitcoin is temporary. But if it will hold bitcoin this could become a trend. I do admit I keep as much Bitcoin as possible, slowly trying to accumulate, but that's no more different than putting aside money for savings, in the face of an uncertain future and well... retirement. But to use it simply as a store of value? That would require me converting all my savings, all my holdings, to Bitcoin and just storing them in a wallet never to be used until my expected price arrives? More importantly, that would require me to stop earning in Bitcoin. It was difficult enough to build up almost two years of contacts, freelancing, convincing people to switch over from Paypal or similar to pay me in Bitcoin. Difficult enough to convince others I could also pay them in Bitcoin. Give that all up, and what, suddenly tell people I will now encourage some other alt? This is the nature of organic growth. Scalability issues brought to the fore because conditions have forced them to emerge. Necessity is the mother of invention, and Bitcoin must remain inventive to remain as the new way we pay each other money. This is for its own good. |
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This is really bad news that the 16k Bitcoin support level has been broken and we can probably now see the price of BITCOIN CRASH HARD TO THE NEXT SUPPORT LINE of 12-13k USD. I smell disaster now for the altcoin markets as well because altcoins are pegged to Bitcoin so this will create a domino effect. I think with the latest hackings and problems on exchanges is also causing people to pull out their funds from crypto and into USD. Not a good sign in my books and maybe the end of a Bull run?
It's not good news, but I don't know about really bad news. Yes, we now see the support level broken, but we've seen plenty of months of Bitcoin defiance to know by now that TA is practically inapplicable, not in the long and medium terms, less to say for short term dailies. The support line of 12k and 13k is what I've been expecting after the climb to near 20k levels, so this is something a lot of people would and should have prepared for. On alts, the current "pegging" effect has actually only repeated itself once before, earlier in April and May. In between then and now, alts have actually wilted when Bitcoin showed strength, so perhaps that can be the pattern they'll return to. Doesn't seem like it in the immediate moment, with LTC falling below 300 and Eth below 800, but I can see quite a few positive alt/btc pairs right now. |
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Alright
"Bitcoin is king" "Bitcoin will keep growing" "Bitcoin is the leader" "Bitcoin will never be replaced" -newbie.
Why are people still so convinced about this?
Bitcoin is great, we learned a lot of it. Without Bitcoin we wouldn't have those other cryptocurrencies.
But just because Bitcoin is the pioneer doesn't mean it can't be replaced.
Bitcoin Cash is just a clone with bigger blocks, this will only solve the problem temporarely. So forget about it.
It's clear that Bitcoin isn't the best coin anymore. Problem is because of all this hype there is a lot of new dumb money that only see Bitcoin's insane price growth. That kind of people that leave their money on Coinbase is what I'm talking about (for long term).
If people would look at things more objectlively things wouldn't have gone this way.
I'm not naming other coins because I don't wanna make this a pump post.
Too much dumb investors these days.. Bitcoin is no longer useable in a normal way but noobs will never realize because they never make a transaction to their own wallets because they don't even know it's decentralized and stuff...
I hope Bitcoin will fail soon. It has had enough time to be adapted to its use of today. Why can't Bitcoin be as good as other and better crypto's? I have no idea. But in my eyes it's already game over for Bitcoin.
I know theres gonna be a lot of fanboy hate coming to this post. Don't make them ruin this topic please.
Thanks to those who made Bitcoin possible, we will never forget you. But now it's time to move on.
DEAL WITH IT!!
What I really don't get is why you guys won't just use your actual accounts to discuss what you claim to truly believe? By the way, that hashtag is now getting a lot of flak for demonstrating shilly behaviour, and by the likes of CNBC too, so I'd avoid adding that to your posts if you want to be taken seriously especially if you say you're not supporting BCH or maybe you don't realise that's now the BCH tagline? (Deal with it). Yes, I agree with some of what you say, I think a lot of "investors" are just here for the price, here for the fiat profit. They're not interested in actually using Bitcoin, never been and never will. Most of them just have numbers on Coinbase, will never actually send a single satoshi. And now with futures and what not coming up, you can even bet on price without ever needing to touch crypto. It won't fail soon, if it will. There are enough users and community people who were here long before price and mempool became hot topics, and they'll be here long after people move on to other cryptos, if that happens. Feel free to move on, you don't even really need to say goodbye, you know  |
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Not sure why anyone would think this is a crisis. A correction has been long, long overdue. The bull was supposed to take a rest a long, long way back but it just kept on going. What's abnormal really is that this has taken so long, and the dip isn't as sharp as it could have been. When it goes up 100% and comes down only 25%, what does it say about Bitcoin? When insider trading on Bitcoin Cash, combined with the double whammy of future shorting and increasing regulatory pressure, all can only do this "damage" to the price, and when its direct adversary of BCH celebrates reaching barely 20% of Bitcoin price... this says volumes about the resilience of the world's most used, most recognised cryptocurrency.
My only regret now is that I received significant payments just days ago on jobs I did a while back. I don't buy Bitcoin so much as earn them, so I'd loved to have earned on this dip. I'm envious of anyone who has the chance to buy now.
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Not sure what these Exchanges are doing if they can't install and maintain proper securities on their own systems. Its like the big banks allowing anyone into their system without applying as much redundant security systems that they do. I guess some of these Exchange's don't take crypto currencies serious enough.
One suspects that a lot of these exchanges are probably similar in back end coding to one another, which might explain why so many South Korean exchanges have been hacked around the same period (end of Q1 2017, even if most were only discovered recently). Of course, specific targeting by current suspects (which may or may not be North Korean, and may or may not be from the same hacker groups). Can't entirely blame the systems, when everyone is using the same, and all these systems have multiple points of failures (all these hacks so far lead to one entry point, usually a compromised device belonging to an employee). The fact is, all systems are hackable, some more than others. We all risk our coins when we place them on online services. I know I do too, if not for the convenience of having them sit there for a while, or for the necessity of my coins to be on an exchange for trading, I'd keep all of them on my own wallets. And now, with higher fees with no end in sight, I'm even beginning to keep some of my regular payments on online wallets, simply to save on input sizes. Scalability issues aside... decentralized exchanges. We need them urgently. |
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I guess you'll know by now the mempool has been bloating up, with no end in sight. I've experienced several congestion periods this year, but probably none as extended as this. Check out this estimator to have an idea of how long your txs will take to confirm :https://bitcoinfees.earn.com/ These estimates will only increase as mempool grows, they will also come down if the network eases up. So, are current levels, any tx with a fee below 401 sats/byte (!), expect them never to confirm unless mempool comes down. At 732 sats/byte, if the situation holds, you'll get a 90% chance of confirmation within the next 5 hours, so I think you're "safe" on that. BUT, since the higher fee needs the preceding 2 txs to confirm first (since it spends unconfirmed outputs in a string of 3 txs)... you've no choice but to wait for the earlier ones to confirm. Your options now are to attempt a CPFP, making one more transaction using the same linked outputs, including fees to pay for all. Mycelium should support it, though I'm not sure if you can link 3... essentially, you're doing a child pays for parent and grandparent Or, more painstakingly, seek help from an acceleration service to confirm the 1st, then second. You can keep trying yourself on the hour every hour, submitting to https://pool.viabtc.com/tools/txaccelerator/ but you're going to have to get lucky as they only accept 100 every hour. Try about 5 mins before the hour. |
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I only play at online casinos, I generally don't really like the atmosphere at real casinos, at least not the ones in my country.
Most of the casinos over here are either kinda sketchy or look like they're only for rich people.
With online gambling, especially on provably fair sites, you know what the odds of winning are and you know that you're not being cheated.
I have my doubts about that in real casinos.
I would tend to agree with this, but then I have limited experience having only visited land-based ones that are probably geared towards tourists more than gamblers. I'll say this about real casinos - the small ones with a local crowd tend to be a bit run down, with very small jackpots and very small crowds, more elderly people than young ones. But I can still enjoy them as I'm not myself what you'd call a serious gambler. The larger ones I've been to, tourist locations at island resorts. A little glitzier, but a lot of offshore workers looking to spend some weekly earnings at tables. These tend to be cruder, louder, and generally bully the others at the same table (or even the dealer). Alcohol influence perhaps part of the play here. So quite a bit of sketchiness as you say, like I've seen weak dealers fall for the tricks of some of these guys, who place bets late, or cancel hands (very annoying if you're at the same table). The nicest ones I've experienced are at London. Very experienced dealers and pit bosses, a not-so-strict dress code and decent high roller tables. The company is pleasant, the atmosphere very well maintained and you generally can watch the rich people play, they're not TOO brash. But yes, you can't beat the candour and friendliness of online gambling communities. Nor the provably fair of crypto casinos (that's a HUGE advantage). Just sometimes, the beggars and the whiners. They'd never dare to mess around like that in real casinos with bouncers watching! |
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The very basic challenges impeding progress and development comes to mind before all the technical and technological aspects accessing Bitcoin do. That's what we have to think about when it comes to economics. Education and literacy are right at the top - in my state, we only achieved 50% literacy for the first time this year. It's a small population of 3 million people, but the worry is that of that 50%, more than half are below the age of 50, meaning that this generation and the ones coming still do not have the ability to read or write.
Bitcoin and crypto have talked a lot about the unbanked, about decentralisation, about trustless systems. But I feel the people that need financial access the most still need banks, still need to trust some kind of organisation, some kind of centralisation. It's difficult to see in my lifetime how Bitcoin could benefit them, especially now that it has become the playground of the same privileged people (okay, some new millionaires but all persons of economic privilege in terms of global perspective).
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Ok, first off, confirmtx.com has been confirmed to be a scam by many users. They never owned access to miners, they simply submitted onwards to free services and tried to claim credit for it, so you did well to avoid paying. Currently, all paid services will probably require you to pay a lot more than you're willing, so you can forget about them for the moment. You can try your luck with free services here: https://bitcointalk.org/index.php?board=52.0 but with the mempool so high, you're likely to be in for a long wait. But as you're not looking to solve it... Definitely seems you're using an online wallet with no control over it - but the owners of the sites should be able to assist if they wanted to. To answer your question, we would need to know what "time out" means for your wallet. If this means that the transaction is dropped from the mempool (in which case if we looked it up it wouldn't appear), then yes, the 2 inputs there would still remain in the addresses 1E25afQt2MsVp5MtjBr57ZcxkpYwoivu63 and 1CryX3pg75Lw2j2JqPUdTe3JEdhmWVL2g2. They will always exist, beyond the period you mentioned, I am assuming only that you will only be credited for the amounts deposited to them within those 8 days. The site you use definitely has access to those addresses, since they control the private keys. You must make this point to them. You couldn't control fees, so the responsibility lies with them as the sender. Also, coins are not sent back when the tx drops. They simply are never sent. |
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I now read the news just for fun, doesn't affect my trading at all, or any longer, since the news tends to have already been priced in by the time they hit mainstream. Reservations on the tendency to be biased towards PR news aside, I still find Bitcoin.com, Merkle and a couple of other traditionally known crypto places still good for info, but actually, with BBC, Bloomberg, FT and others having better networks, headline feeds from there can filter out the noise and bring just the best of the latest.
Press section in this forum isn't too bad, a bit of fun mixed with a bit of business.
There are some good reads on some sites like Hacker Noon, finance magnates, wired, but they tend to be analytical rather than newsworthy, with tid bits slipped in, and a bit of good natured banter.
I'd say the serious trader only needs to follow the projects/coins on their portfolio on Twitter. Probably the quickest way to hear of things devs feel are important enough to update.
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There's always going to be a conflict of interest when a developer, particularly a lead one and creator like Lee, also holds coins. Just in previous weeks he already announced major marketing moves, appeared on CNBC's Squawk Alley, leading up to LTC's all time high. He would have realised this long before any of those moves, long before quitting other commitments to focus solely on Litecoin.
Backlash to any moves are to be expected. On the other extreme you have ardent and long time Bitcoin advocate Andreas Antonopoulos getting flak for spreading Bitcoin education for years and never owning any. There you have someone with a clear boundary with no commercial stake, but then now he's been "forced" into owning millions of dollars in Bitcoin through donations.
And people wonder why Satoshi him/her/themselves never bore bore real world identities.
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So it looks like you successfully restored the wallet on Electrum with the seed phrase. Can you show a screenshot of your error and wallet, so people can understand the issue better? Or details of the transaction you tried to send.
And can I confirm the error you received was "not enough funds" and not simply "no fund"? It's possible that on default setting you have dynamic fees set, and the amount you tried to send is considered too small to include a suitable fee... therefore "not enough funds". You can try typing a "!" (exclamation mark) in the amount field, it will calculate the highest possible amount Electrum can send with the fees set. See if that helps?
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Best way depends on what your objectives are. There's nothing like blowing off a bit of steam with a physical casino. I really enjoy the atmosphere of table games with a dealer and a couple of other gamblers to play my luck against. I always start at Black Jack for a while, then see if there's a fun poker table, before ending at a roulette table. The free drinks and snacks are just a side treat and I can do without them, to be honest.
Strangely enough, if it's real banter you're looking for, the online chatters at crypto casinos give a lot of entertainment. Also, if the objective is to play for hours and perhaps get away with some winnings, then your best bet is with crypto casinos. Can't beat the house edge on offer, the low payout/high chance option of dice, micro betting, autobetting. Best leisure experience all round.
Non-crypto online casinos, I never touch anymore except for Sportsbooks. Terrible house edges, no provably fair, and the hassle of verification. Crypto sportsbooks also offer better odds than normal bookies.
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Looks like the "traditional" world of finance and business writing are trying to up their game, using crypto speak. I suppose it's a good article, probably new to a lot of their readers. But I'd be very, very surprised if the same strategies they talk about aren't used in conventional trading instruments. After all, the same FUD and FOMO derived from stock brokers making panicked calls to each other, buying and selling (pumping and dumping). Anyway, interesting read, but the groups they talk about are barely scratching the surface, and seem to organise pumps/dumps on small coins (I struggle to avoid "shitcoin"). They also need to know a lot of P/D groups actually fail, since they're mostly amateurs. This forum actually has quite a good history of old threads with very well written p/d stories. And here's a less crisp article but on a deeper level from Hacker Noon for you conspiracy theorists! https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4 |
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upcoming matches seems so interesting for me that there will be big match available between Arsenal vs Liverpool and both of teams indeed had good results from the previous match but if Arsenal able to win then possibly they will taking over Liverpool position and back to top 4
That's the match I'm looking forward to also, though also looking ahead to the 3rd round FA cup derby also a chance for the red side of Mersey to avenge the dropped points. I have a feeling Wenger will adjust tactics a little, so nothing suggests a repeat of the previous drubbing, but then Liverpool have been seducing games away from home. Fewer nerves hopefully will lead to at least 2 goals. Ah, can't wait for the game. Both teams are playing nice attacking football and as a consequence scoring and receiving a lot of goals. I will bet over 2.5 goals or both to score, whichever has the better odds and enjoy the game. And good thing the game is on Friday night so I can watch it in peace after putting the kid to sleep.
I'm going a bit the same except with a straight bet Liverpool, ML is quite attractive at 3.0x they can either win 2-0 or 3-1. Just making the allowance for a narrower scoreline since it is Emirates after all. Whatever the outcome, it's going to be a nice start to a weekend I'm expecting to be hectic (my kids want an outing brr!). |
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Give me useability at its limit any day of the week over zero usability. Any project, any coin, would simply give everything to even have half the usability of Bitcoin, let alone a max limit.
Co-founder may have sold all his bitcoins but if I owned as much as that guy, I'd always be considering selling it all off some day to retire and enjoy many years of health and youth. After all, with all that forking (Cash, Gold) and airdropping (GBYTE, Lumens), he should have at least 20% of his total Bitcoin networth in alts, if not more.
Besides, you need to shill your coin better than this. Don't give a bad name to actual Dutch coin experts.
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Oh damn, damn, damn. Why did Everton get 2 penalties? Damn Big Sam. My 2-1 looked so sweet right until the 7th minute, or I'd have 100 points as well haha. But well done, @hilarious, first Bastard of the Week to win the small prize, right? So hard to make ground on the top 5, keep slipping up every week. Not doing any better in my actual betting either.
@tokeweed, you didn't get even 10 points, surely you backed at least one of the big teams to win? Maybe I'll do that for next week: bet a draw or loss for all the top 6 (Except Liverpool haha) and snag maybe a nice fat lump of points if they all suffer from Turkey hangover. But you're leading by 40 points for our sidebet of $10, so that should keep you happy this Christmas.
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