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16681  Bitcoin / Bitcoin Discussion / Re: New bitcoin gold? on: October 04, 2017, 05:10:25 AM

You do not need to do anything if you keep your coins in an exchange, they give it to you automatically. This is the easiest way.

not all exchanges. and some may not even credit your airdrop tokens for months. i believe Coinbase said they will give bitcoin cash to the users in 2018 but i never followed the news to see if their plan has changed or not but i don't think so.

besides everyone knows keeping coins on exchanges is very risky. they can get hacked or become scam and run away at any moment. in this case there is an additional risk of them messing up and not credit your tokens.
16682  Economy / Service Discussion / Re: BitPay’s Bitcoin Payments Volume Grows by 328%, On Pace for $1 Billion Yearly on: October 04, 2017, 05:00:52 AM
i always love these reports that BitPay releases every now and then. i have seen the previous ones for the previous years too, they had a nice volume chart to them which is missing this time.
but i like it because this is not showing some random transactions on blockchain which we don't know what they are, it is not the trading volume which only shows how many speculators we have, it is not gambling volume,.....

it is the best volume we can hope for: the merchants volume.
this shows that despite all the negativity and all those certain people calling bitcoin "only store of value" the market disagrees and uses bitcoin as a currency more and more every day.
16683  Economy / Trading Discussion / Re: How Profitable is Bot / automated trading on: October 04, 2017, 04:51:57 AM
it can potentially be very profitable but at the same time it can potentially be very devastating. it will all come down to the bot and the choices you make with the bot and how the bot executes them.
for example when it comes to "automated trading" i always see these bots use Ping Pong or something like that. and in that strategy you can earn some good profit if you choose the market correctly and your timing is perfect. but if you make mistakes you will lose money and there is no way of recovering it.
16684  Economy / Speculation / Re: Bitcoin rise is over on: October 04, 2017, 04:38:41 AM
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

go to pages 20 or so of the speculation board and try to find the time when bitcoin price reached $1000+ this year. you will surely see the same topics, same pictures, same people seeing the "similarity" in price of that time and price of 2013.
i wouldn't be surprised if you were one of them too.
16685  Bitcoin / Bitcoin Discussion / Re: New bitcoin gold? on: October 04, 2017, 04:33:27 AM
How did people claim it last time? Thought private key was suppose to be, well, private.

it is still "private" and should always remain private. but private means you are the only person having access to it not anyone else. like having an account on Coinbase as your bitcoin wallet, you won't be having any access to private keys that way.

the way people claimed BCH was either depositing their bitcoin on exchanges like bittrex prior to the fork so that bittrex and others give them the BCH tokens automatically (this is risky though).
or they waited for the fork to happen, then downloaded one of the BCH wallets, imported their private keys in that and claimed their tokens.
Do you know any btc wallet that is secure and easy to use and most of all low transaction fee?
I tried jaxx wallet but hell the transaction fee is very high (if I know i wouldn't use that shit).


i am not sure hoe Jaxx works but transaction fees are not set based on what wallet program you use. they are set based on the bitcoin network and factors related to that such as how full the blocks are and how many other transactions are in the mempool paying what fee.
of course the wallet may give bad suggestions too.

i have used bitcoin core and electrum so far and both of them give good fee estimation which may not be perfect but it is better than others.
16686  Bitcoin / Bitcoin Discussion / Re: Have Bitcoin fees lowered after SegWit? How and Why ? on: October 04, 2017, 04:24:45 AM
Have Bitcoin fees lowered after SegWit?
yes, you can check the previous blocks and compare them with the blocks which were being mined in 2-3 months prior to SegWit activation

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How and Why ?
Spam attack against the network stopped. the reason is probably because the fork(s) happened and the spammers wanted these forks.
16687  Bitcoin / Bitcoin Discussion / Re: Don't you think the BTC forks are making the Bitcoin ecosystem more chaotic? on: October 04, 2017, 04:17:58 AM
only for a short period of time. and that is not because of the forks per se, but it is because the market is hungry for chaos. everyone seems to love  FUDing so they can buy cheaper coins before the inevitable recovery happens. and so far it has worked for them so they will continue doing so.

but good news is that these types of fork which aren't doing anything and have no support, will just disappear in time as a shameful act by the people who supported them.
16688  Economy / Speculation / Re: Positive bitcoin news as of late and its effect on BTC value on: October 04, 2017, 04:12:38 AM
i would like to believe that it is quite the opposite.
which means the bitcoin price started rising and showing all kinds of potential again so the news type changed with it. if you look at the dates and check them with charts this theory of mine seems pretty good.
first, price started recovering, then it broke the $4000 resistance and went above it, then the news came. now everywhere you look all the "bitcoin is fraud" news has disappeared and "bitcoin to 10K" type news replaced it.
16689  Economy / Trading Discussion / Re: Low Trade Volume on: October 03, 2017, 06:15:32 AM

There's a crackdown in China and South Korea which is causing the downward volume.  Some coins are junk coins and will go down in volume once the excitement about the ICO is over.

quite the opposite Cheesy
the "Crackdown" in china actually cause a huge increase in volume because prices fell and that means a lot of action in the market from traders selling, shorting, buying the dips,.... and that happened for every single coin that dropped in price, their volume went up.
16690  Economy / Economics / Re: Bitcoin eventually disappear... on: October 03, 2017, 06:10:54 AM
There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

there are 2,100,000,000,000,000 units available in bitcoin and ~1,660,000,000,000,000 have already been mined. it is possible that after many years a large total number of coins will be lost but there is a very good chance that the amount won't be that big to cause any issues. and certainly bitcoin won't cease to exist because of something like that.

worst case scenario is that a very large amount is lost to a point that scarcity because a serious issue, although highly unlikely but there are solutions for it. such as breaking bitcoin to a smaller unit. in other words truing 1 satoshi to have 1 decimal point (1.0)
16691  Economy / Economics / Re: WHAT HAPPENS WHEN YOU HAVE A NASTY DIVORCE AND A FAT BTC WALLET? on: October 03, 2017, 05:45:44 AM
the same thing happens as when you have a nasty divorce and a fat pocket with a lot of money in it. if the ex finds out about it and can prove it, they take a part of it (of course depending on what country you live in and how the laws are there) and if they can't find out about it or prove it they can take nothing.
16692  Economy / Speculation / Re: I've noticed something strange on: October 03, 2017, 05:41:16 AM
Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

The previous hardfork surprised the hell out of everybody. Nobody could believe that the price would take off after the split. The November fork is a lot more contentious. The date is pretty close and people are still talking about whether there will be replay protection.

there was nothing surprising about that fork actually!
the fork itself was planed ahead and we finally got rid of the attackers, even if for a short time. and the price went up because we got rid of them and also additionally because that fork was at the same time with activation of SegWit or have you forgotten that Smiley
16693  Bitcoin / Bitcoin Discussion / Re: Excuse me to rush in and question the hype! on: October 03, 2017, 05:28:27 AM
I own some BTC and some BCH.
I believe in BTC. I see chances in BCH.
we all own bitcoin as our primary thing and then own a lot of shitcoins because we see chances in them to make more bitcoin out their pumps.

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1) The distribution of BTC sucks (phew, even if those distribution tables might be extremely inaccurate, this is something to consider; also huge amounts of BTC might be irretrivably lost, but still...). Thus, the 99 story continues with BTC, nothing will change; hard news for some hopeless world changing hopers like me...
it may suck for you but it is fair. it sucks for you because when others were seeing the potential back in the days of cheap coins or easy mining days, you were either listening to the FUD calling bitcoin Ponzi,... or were ignorant. and now you are blaming others for believing and using their heads sooner than you.

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2) The slowness of transactions, unless you put a hefty fee to it (what happened to cheap and fast transactions, the original idea [I know, but still, this NEEDS to be solved IMMEDIATELY somehow - it will not happen in the very near and probably also not in the far future.])?  BCH shows the way. Is BCH the way? I don't know. Anyway, in spite of all the efforts, BTC is still way too slow/or way too expensive)
majority of the transactions that i have made so far, have been with 0 fee. they all confirmed in less than a day.
the rest of my transactions had never have any more than 5000 satoshi as fee. and they have always been confirmed fast.

BCH is currently like an unused altcoin. they are also fast with empty blocks. imagine a highway. that highway has 3 lanes. bitcoin's highway has 300,000 cars passing through it every day. BCH highway has 24 lanes but every day only 50 cars pass through it. this is the "way" that you see and think it is better.

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3) It is still way to complicated for the common public to become (real) BTC owners
no it is not.

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4) Most people in the world still have no clue about BTC, partly by lack of information, interest, it needs too much thinking… And hey, we are definitively not in the high time of human reflection and thinking business. But the very biggest part: Never heard of Blockchain, BTC and the like.
and what is your point?

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5) In a world of speed, in a world of IT, can BTC, an IT product (!) with it's snail performance on transactions (see 2) survive? Even if transaction speed was improved 1000-fold and fees reduced, considerably so, - and we are fare from there -, it still will be way too slow!
when you broadcast a tranasction it takes approximately 5 seconds to propagate through the decentralized, spread-across-the-world node network.
as for confirmation/block times, as i said a lot of times, everything comes at a cost. this so far is the best we can hope for. anything more will cause a lot more issues than it can solve.

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6)  I cannot understand that the BTC community seems to feels so cool about the high fees, something which will not be solved soon. If BTC becomes the world focus, transactions and exchanges need to execute in Milliseconds in order for BTC to become world dominating. Fees need to be low, otherwise BTC will not be used by everybody (original idea?) and it will hold a niche position forever. Financial products trade at lightning speeds, if BTC does it in seconds, it will still be slow, and we are lightyears away from that, probably even impossible to reach...
high fees is something that those who want to pump BCH keep repeating or those newbies who got involved with bitcoin a couple of days.
for 8+ years fees were as low as it gets. in this 8+ years only a couple of months fees went up and stayed up and that was because of spam attack (something that all blockchains are susceptible to). so you take 3% of the lifetime of bitcoin and call it "high fees".

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6) At last, I will hold onto my BTC and BCH and hope, great things will happen, who knows!
hold on to your altcoins as much as you like, just don't get caught up into their lies. make sure to dump when they get pumped or be left holding bags.

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7) But I'm very doubtful about the long term success, less doubtful about the near future performance, see above.
when in doubt, sell. there are many others who will willingly and happily take bitcoin out of your hands.
16694  Bitcoin / Bitcoin Discussion / Re: China can't bring bitcoin down! on: October 03, 2017, 05:13:44 AM
Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?Smiley

so it takes a price rise for you to realize this and accept it! huh.

bitcoin was strong even when the price was going down, it was strong when they were spreading FUD, it was even stronger when they called it "Fraud" and "Dead". some people just never accepted it back then because all they cared about was the short term price movement.
16695  Bitcoin / Bitcoin Discussion / Re: Bitcoin / Cryptocurrency Security Best Practices on: October 03, 2017, 05:06:18 AM
~
Any suggestions?

it is a long wall of text you made on steemit which is mostly repetition of the obvious. i saw at least 3 times you repeated the thing about private keys and if you don't hold it....

as secure bitcoin wallet you introduce "samouraiwallet" which i have never even heard of before you wall of text!

as the hashes, you said check the MD5,... and with an online wallet. first it is not wise to use a website for these things, second checking hashes is not enough. you must verify the signature of the downloaded file versus the public key of the developer signing the binaries.

i didn't really go through it all, just quick scroll though. an i assure you nobody will read these types of "walls of text" just to learn something that can be found and learned much easier through better sources.
16696  Economy / Speculation / Re: Bitcoin Will Reach New All Time Highs Just Before The Segwit2x Fork on: October 02, 2017, 11:32:40 AM
to be fair there is a good reason for not having "replay protection" even if we are against this proposal.
according to https://coin.dance/blocks currently 94.4% of hashrate is signalling for NYA or SegWit2x and that means practically there won't be any other chain to replay the transactions. if this doesn't change it is going to be like SegWit part. why didn't SegWit fork have replay protection?

Because SegWit was a soft fork - it is backwards compatible and even though chain splits are possible with soft forks, they are quite short lived and are resolved by the protocol consensus - the longest chain is the valid chain. This is not the case with SegWit2x because it's a hard fork, full nodes are required to switch their clients to be able to interact with a new chain. If 94.4% of hashpower will migrate to SegWit2x (which is very unlikely to actually happen), the original Bitcoin chain will continue to exist as long as there are at least some miners who will mine it. And I'm sure there will be enough of them, because there are thousands of original Bitcoin nodes creating demand for mining - unlike with SegWit2x with their 230 nodes.

it is impossible to give any real opinion about what miners will support at this point. the 94.4% is as meaningless as the 30% support for SegWit versus 40% support for BU in beginning of this year was. when the time comes and the real signalling starts, then the percentages become meaningful and you can speculate about them. also the number of S2X nodes versus others will become meaningless if 100% of mining power goes to another fork.

if in reality it remains 94-95% then you can be sure it will become 100% soon and there won't be any other chain. the original bitcoin chain can not exist with 5-10% hashrate with the difficulty it currently has unless core releases an emergency patch to fork that chain too which will cause a lot of other issues which we saw with BCH.

if it was only 50-60% then things will be very different. a replay protection for SegWit2x becomes mandatory (hell, they shouldn't even fork with that much). then all the things that are being said becomes true.
16697  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fork 2 ? on: October 02, 2017, 06:11:31 AM
Hopefully everybody receives the free airdrop, cashes a bit into fuat to enjoy & pumps the rest into bitcoin just like last time which will make the price of bitcoin rise. I still haven't claimed by BCH yet but plan to this week.

Don't cash out anything into fiat. The point is to dump the fake bitcoins to get more bitcoin and crush the price on the fake bitcoins while increasing your real bitcoin stack. If you own 1 BTC, now you will have a nice extra (I predict around 0.1 BTC given BCash prices if you get lucky). So 0.1 BTC is hard to make these days, I would save it in cold stare with your main stack.

it is a free market, you can't really blame them for making some crap and you can't crash the price.
take a look at years of altcoin existence and see how they have done. those altcoins that had something to offer stayer around and even had a long term rise. but those altcoins that didn't have anything to offer, came in and make a lot of noise and got pumped in short term. they even reached higher prices than bitcoin but they never last in the long term. they die a slow death and eventually be forgotten.
16698  Economy / Speculation / Re: Amazon to accept Bitcoin as early as this October? on: October 02, 2017, 05:37:25 AM
I'm honestly confused by people getting so excited about merchant acceptance.
it is Amazon, it is not just some random small merchant

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I don't think it's realistic for a company of Amazon's scale to accept Bitcoin at this point.
and why exactly is that not realistic

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And if they did, they would need to hedge most or all of the fiat value -- meaning the more that bitcoiners "support" Amazon by spending BTC there, the more immediate downward pressure there is on the price. Spending BTC in this context is equal to selling it.
you think Amazon will sign up on bitstamp or poloniex or coinbase to sell the coins each day Cheesy
because price is determined on those exchanges not the way merchants receive the money. and you seem to not know about how BitPay works by automatically converting bitcoin back to fiat.
also you seem to forget that for every buy there is a sell. someone buys bitcoin to spend so the merchant sell. there will be a balance.

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If people really want the price to go up, they should preach hoarding, not spending. Tongue
price will go up with more adoption, more adoption happens with more people coming in, more people should be coming in to use bitcoin as a currency not just bag hold it to dump for more profit, and that will only happen with more merchants accepting bitcoin, and they will only accept it if people are spending bitcoin.

growth doesn't just happen on its own. there is a limit to how many speculators invest and how much price can go up because of them.
16699  Bitcoin / Bitcoin Discussion / Re: Help Reverse the Chinese & South Korean Bans! on: October 02, 2017, 05:25:59 AM
China & South Korean have banned ICOs and i completely agree with this move. ICOs should have been banned a very long time ago. so if you have a petition to ask the governments of these two places why they have not banned them sooner i will sign it Wink

in fact i do believe that ICOs are ruining the cryptocurrency in general too. you keep seeing a new one spring out without any usage. they gather some money and that is the end of it.

if you want to petition then find a dozen ICOs that have ended at least a couple of months ago and show what they have achieved in this past months after their ICO ended. you are calling it "innovation" right. so show what they innovated after their ICO finished.
and unless you can provide any examples don't expect anything.
16700  Economy / Micro Earnings / Re: Quoinpro on: October 02, 2017, 04:52:57 AM
haha, i didn't even know it is still active. i think the website domain was down for a long time. now that i have re-visited the website it seems like the old database is working too! i still have my account from 2014 which is 3 years of accumulating rewards Grin

here is my current balances:
and note that the bitcoin balance is my own deposit (0.00026598BTC deposited)
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