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1681  Economy / Service Discussion / Re: Unable to withdraw balance from picostocks.com on: May 02, 2019, 09:28:56 PM
It's quite interesting to see that the domain is +8 years registered (of course with whois privacy enabled), but its Alexa ranking is very poor.

It either mains that they just started this project and bought this domain through an auction for cheap, or they are a long running site but just unpopular. Also important to note is that this site generates most of its traffic in Bangladesh. I would steer clear of sites like these, even if they are 'legit'. The risk of using this site is not worth the potential 'reward' or 'usefulness'.
1682  Economy / Speculation / Re: Bitcoin Hits A Golden Cross on: May 02, 2019, 09:10:43 PM
This correction should come soon, would be a good entry and perhaps a last chance to buy cheap to expect large values such as 7k or 10k

There are no last chances to buy. If it was really the 'last' time to buy at x level, it means the trend turned bullish and you can comfortably buy in higher and surf the market up. You want to be long in an uptrend and short in a downtrend. This applies to every single market. I am still short right now, but the moment I notice that the trend shifted up I'll take the loss and immediately long the market.

The same applies to the bear market last year. People thought they were too late with selling with prices hovering around $6000 but they couldn't be further from the truth. I was sucked into that crash too, but it's a valuable experience that I gained from it. Don't go against the trend.
1683  Economy / Speculation / Re: BTC: ($10K), $20K, $50K, $100K - when ? on: May 02, 2019, 08:36:44 PM
Nevertheless, there's a lot of rumor that the next halving is in the year 2020 which is clearly that no have proof.
A simple Google search attempt would land you on this site; https://www.bitcoinblockhalf.com/

It's roughly scheduled to happen around May 23 in 2020 but due to the fluctuations in block times it might be a few weeks sooner or later, but guaranteed to happen in 2020. Smiley

If you don't consider that proof, then do some manual calculation based on ~block times and the number of blocks left to mine before the block halving kicks in.

So now when iam writing this the price of BTC is 5465 only hope your predictions will become to truth and we see 20k during 2019 and maybe after halving of the reaward price will go higher anyway all talk about that now and i think it will happen as happened before this, lets hold and buy now.
You know that the block halving only halves the rewards, right? Based on that, what on earth would justify the block halving to pump the price to levels beyond it's past all time high?
1684  Economy / Speculation / Re: Has the monthly RSI told the whole story the entire time? on: May 02, 2019, 08:03:03 PM
specially since the bottom was the product of a big manipulation in 2015 where a large scale "bitcoin is dead" campaign started running which crashed price to $150 momentarily.

I am not sure if that was actually manipulation. Back in 2015 there wasn't all that much going on for Bitcoin that made it different than the Bitcoin it was in 2011-2014. On top of that, the bottom of $150 was the result of bots chain selling causing a flash crash, which was quickly bought up.

I remember trying to buy into it, but didn't come further than less than a whole Bitcoin that my buy order managed to obtain a few $$ shy of $200.

In general, end of the year tops are quite easy to call considering that the first few months of each new year are the worst months for Bitcoin. If you sell mid-ish December, you with a very high probability will be able to buy back much lower the few months after that. Look up the charts. Smiley
1685  Bitcoin / Bitcoin Discussion / Re: Should bitcoin be limited to 21 million? on: May 02, 2019, 07:43:16 PM
I believe it is limited to 21 million to make an unit of Bitcoin equal to $1 in the very long term when Bitcoin is totally adopted.

If the supply was capped at 100 million BTC it would still be able to do so.

The 21 million is already a number that will never ever hold much weight due to how many coins have been lost and will be lost in the future, and how second and third layers can split even 1 satoshi units in smaller fractions.

Considering that Lightning is Bitcoin's killer app and most likely road to mass adoption, it makes more sense to start thinking about calculations based on Lightning units. 1 satoshi for example can be split into 1000 smaller fractions with Lightning. Right now it's hard to imagine that these small units matter, but in the future they definitely will.
1686  Alternate cryptocurrencies / Altcoin Discussion / Re: [2018-04-02] Russian Gazprom to use blockchain technology on: May 02, 2019, 07:15:05 PM
This is just another validation of the value and contribution that the blockchain technology can do to any industry and organization all willing to adopt the innovations and changes necessary.

Lol. The blockchain as technology is an empty "hello, bring me money so I can become rich" thingy. It provides zero usefulness over a database system that businesses and governments could have implemented way before Bitcoin even existed, and they already did.

The thing that kept them back was purely the result of cost savings, which is what banks and governments have always struggled with. Their systems are so outdated that everything else makes it look like it's 100 times better, while their lack of IT understanding is the real problem that needs to be solved. Investing more in IT and the education of your employees would have made blockchains in general look like old tech.
1687  Bitcoin / Press / Re: [2018-02-01] Square Cash App Allows All Users to Buy Bitcoin on: May 02, 2019, 06:53:07 PM
We have to thank jack Dorsey for being a true advocate for bitcoin, even more so than elon musk who hasn't done much in crypto. Square is a great app, this is good news

Not sure why you have to bring up Elon Musk? He hasn't ever expressed his interest in crypto other than a few Tweets people jump on like a bunch of hyenas and scream moon time afterwards. Elon Musk is busy doing other things, which actually improve the world and help potentially explore worlds outside our own.

Con artists like John McAfee haven't done much in crypto at all other than scam innocent people by promoting and pumping scams.
1688  Bitcoin / Press / Re: [2019-04-26] CNBC: Bitcoin price falls on NY AG Bitfinex probe on: May 01, 2019, 10:03:39 PM
And, I'm sorry, but I still don't understand, how disappearance of $3 billion worth of tokens(USDT) can affect the market($175 billion) significantly?

Slippage due to very thin orderbooks. If you also take into consideration that most orders in the books that we see are spoof orders, which bots pull back when the price comes to their trigger price, you need even less fiat or tether to pump the price with.

In the same way, if people start selling like what happened late last year, you need the billions of circulating Tethers to provide buy support on exchanges like Bitfinex, Binance, OKEx, Huobi, etc. If there was no Tether but only actual fiat in the market, we without a doubt would have seen the price tank DEEP under the $3000 level, and perhaps even under the $2000 level.

People don't want to hear or admit it, but Tether is literally propping up the market.
1689  Bitcoin / Press / Re: [2019-04-30] Millennials Are the ‘Driving Force’ of Bitcoin Ownership: Survey on: May 01, 2019, 09:45:18 PM
Enjoy it while it lasts. It'll come to an end too. (if not already) I would say the end is neighhh! (sorry couldn't avoid this one) You are competing with the Indians. I don't want to repeat the exact same story but the moment you hear the word "Indians" should be enough for you to increase your blood pressure and adrenaline levels.

They are not coming, they are already here. And they have a coder supply of 1.36 billion.

Good luck with trying to make a difference.

Indians deliver crap code. If people are happy paying peanuts for that, then let them do so. Those who want quality assurance will not try to cut cost left and right, because doing so will cost you even more in fixing everything Indian coders messed up afterwards.

I am quite certain that most well stacked developers working on crypto/blockchain related projects will end up being taken over by entities such as Google, Microsoft, etc. They outbid any of what x project can offer, plus they very likely get shares and options to go with it. It's just a matter of time.

The allure Google offers is unmatched. Who wants to work on a crappy blockchain project while you can work on large scale projects and actually see your code be utilized by potentially billions of people in the world.
1690  Economy / Economics / Re: IMF and World Bank explore crypto merits with blockchain project on: May 01, 2019, 09:30:37 PM
I have explored and tested out bank money in the past. I didn't like it.  Cheesy

Most people here don't seem to like it, yet continue to use it in all its glory because there is no alternative capable of completely replacing the old system.

Fiat does its job extremely well when it comes to local day to day payments. In my case it's instant, free and there are certain rewards and even buyers protection. Considering that most average people don't conduct cross border payments, fiat in its current form (at least here in Europe) isn't going anywhere.

No one censors people's coffee or sandwich or grocery payments, so there is nothing here that will convince people that fiat is bad. Banks need to implode in people's face in order to realize how crappy this financial system is. As long as that doesn't happen, people will continue being average joes just minding their own business.
1691  Economy / Economics / Re: The BIS has attributed the volatility of bitcoin to the lack of a central bank on: May 01, 2019, 09:03:54 PM
We need the volatility now to really be able to make money through it, when bitcoin speeded up to almost $20,000 in the last bull, if the market had not fallen back, would there have been chance for holdlers now to buy and become rich in future ? Even if BTC will become stable, let it gradually work its path through it in future when we have massive adoption.

There is always volatility in the price of an asset. People here assume that once the price of Bitcoin becomes "stable" there is no way to make money anymore, but that's exactly what leverage is for. How do you think institutions trade fiat currencies with 0.1% swings? You crank up the leverage and you're good to go.

People here need 10-20% movements in order to make money, but you can make just as much money with 0.1-0.2% fluctuations.
1692  Economy / Speculation / Re: Why Bitcoin price will reach $100 000 on: May 01, 2019, 08:29:56 PM
Maybe before it reach that price a new crypto could replace BTC so we couldn't be sure if it would really hit $100k in the future.

Lol. If that's something you worry about, you are rightfully missing out on great buying opportunities.

Bitcoin's position in this ecosystem is unmatched and I haven't believed for a second in the last years that a new or already existing crypto could take it over. People keep dreaming about this, but don't waste your time doing so.

The only decent altcoin this ecosystem counts is Ethereum, and while it has a lot of competitors to deal with in the smart contract field, Ethereum won't be replaced by something else. TRON and EOS can cheat their way up faking user statistics on their platforms, but the real money and developers are in Ethereum, and that's what matters.
1693  Economy / Speculation / Re: Tom Lee said Bitcoin Misery Index Never Been Reported in Bear Market on: May 01, 2019, 08:06:06 PM
We are not on bull run yet and also not on a bear market, i think now is a bit stable period and whales try to accumulate and hold for a bull run and also for small investors i think is time to buy and to hold.

We have had a bull run in 2019 and at the same time, we are still in a bear market. Wink

Bull runs don't have to result in +1000% gains and don't have to last for over a year. 50% increases in a matter of 4ish months are bull runs too. Calling the end of the bear market is very subjective, but in my opinion $6000 is the level to break, but I can also understand that people prefer higher levels as confirmation.

People wake up now the price has gone up, seriously regretting not having picked up some sub $4000 coins while they had the chance to do so.
1694  Economy / Trading Discussion / Re: Very important tips in digital currency trading on: April 30, 2019, 09:03:47 PM
The most difficult thing is the psychological control when the market starts to appear red because it will be a time when you will be very difficult to calm down and easily fall into a state of panic.

I find it quite fascinating how people still consider a red market to be negative. The subject is trading...... You can just as easily use the downtrend in your advantage to scoop up profits, because as long as you don't go against the trend, you're likely going to do well. The problem with people here is that they are bullish by nature, which only works against them.

2018 was a clear downtrend year, yet people kept betting against it hoping for a bull run to initiate. If you want to rekt yourself hard, then that's the right way to do it.  Lips sealed
1695  Bitcoin / Press / Re: [2019-04-26] CNBC: Bitcoin price falls on NY AG Bitfinex probe on: April 30, 2019, 08:25:55 PM
This is what I could never understand completely. If most altcoins have fake market caps (some people are saying that you can assign just any market cap to your shitcoin), then why the coins from top 20, such as BTC, ETH, BCH, LTC, XRP, DASH and XMR, constitute over 80% of the total crypto market cap, while all the others, 2,100+ alts, add up to less than 20%?

I'm not trying to say, you are wrong. It's just the whole thing seems pretty strange to me.

It's because of Coinmarketcap gets rid of them. You refer to +2100 alts, but there are over 10,000 in reality. 2100 is only what Coinmarketcap allows you to see.

I'm not exactly sure what the name of the coin was, but one coin ended up seeing its market cap surpass $2000 billion, but with a volume of $30,000 in the last 24 hours. Coinmarketcap delisted it from their platform because of how obvious the manipulation was. Right now if you haven't got x amount of volume to justify a certain market cap, they will delist you.

Projects have gotten more cautious because being delisted from Coinmarketcap very likely means the end of your project.
1696  Bitcoin / Press / Re: [2019-04-29] Institutional Love For Crypto Confirms Bitcoin Isn’t a Bubble on: April 30, 2019, 08:09:37 PM
I doubt very much a single one of them are interested in the things bitcoin can offer - decentralized, trustless, not relying on third parties, deflationary, etc. They aren't looking to use bitcoin for what it was intended; they are only looking to turn a profit. You can almost guarantee that if there was suddenly a severe drop in price, these companies' interest in bitcoin would suddenly disappear.

It depends on what is causing the price to drop. It wouldn't at all surprise me if last year's brutal selloff was initiated by institutions who used the BCH vs BSV hashwar bs as an excuse to dump so that people blame that event instead of them.

Institutions always need a reason to dump to justify large price movements. I have seen it happen with stocks too. More specifically, Facebook and Tesla's stocks have been going through similar fud attack dumps, while the actual reason for the dumps was completely different.

In the end, institutions entering this space is a good sign, because regardless of their profiteering mindset, they do believe this space isn't a fraud and won't be going anywhere. I rather have institutions functioning as exchanges than our current shady scam exchanges that get hacked constantly and can't handle hundreds of millions in client funds.
1697  Economy / Exchanges / Re: Hodl Hodl (P2P exchange) announces Lightning support on: April 30, 2019, 03:41:46 PM
It's a first but important step.

I like how the larger exchanges have to back off for a bit because of their size and the risks that come with implementing something so new. If one or more smaller exchanges do it right, they can expect a massive boost and potentially compete with some of the semi larger exchanges later on.

Traders will love Lightning due to its speed. Imagine seeing an arbitrage opportunity on Bittrex, then instantly move BTC to that exchange, sell there and repeat. Right now you have to wait for 3-6 confirmations, which can take an hour or so at worst, and that might be the end of your opportinity. Yup. We. Are. Moving. Forward.  Grin
1698  Economy / Economics / Re: Fear & Greed Index, the Inspiration for Trading FOT on: April 30, 2019, 03:12:53 PM
This is the easy way to understand it,
BUY THE FEAR, SELL THE GREED.

If it was that easy, people would be filthy rich by now. There is a reason smart money is an elite in basically ANY market.

In all cases, the average person buys what pumps, sells what dumps. People think all the tips and tricks they read here are new. They are not. In the same way that people rehash them on this forum and other social media platforms, the same was and still is the case with stocks.

After decades of the same "easy" tips and tricks in the stock and forex market the average person still hasn't got a clue about how markets work, and probably never will. Those who are serious about it will dig into the technical side of markets themselves. The rest will continue to make the same mistakes over and over again.
1699  Economy / Economics / Re: How Bitcoin Turns Wasted Energy Into Magical Internet Money on: April 30, 2019, 02:28:02 PM
I still think a lot of people think that the electricity that is put into bitcoin mining somehow "goes to waste".

The reality is that it serves a purpose, just like how energy put into facilitating transactions on networks like Visa or Mastercard serves a purpose. Without this energy input the bitcoin network would be unable to function.
Everything people don't use is by default a waste in their book. If they knew that it secures trillions worth of transactions on a yearly basis, they would look at Bitcoin differently for sure, but what really needs to happen for them to appreciate it, is to have banks implode in their face. Bitcoin then is the only asset left that's portable, divisible, easy to transfer, and gives them a peace of mind because they own it in full.

And I'd argue that it's much more "green" and has less of a ecological footprint than precious metals mining, which essentially fulfils the same monetary functions to a lesser degree.
Not only that, but in African countries people literally die from all the toxic waste that is being dumped in rivers and whatnot. It's sickening how no one gives a shit about what these people go through, and the actual environmental and economical damage Gold mining causes there.
1700  Economy / Speculation / Re: Bitfinex massive spread on: April 30, 2019, 02:03:15 PM
But we're in 2019 now and the things are totally different. The ecosystem is a lot bigger, its adoption too. Bitcoin is severely punished for each incident.  But a thing like Tether is like finding a security breach on the network that can't be fixed. People won't trust Bitcoin anymore, only the purists. All the topics like "Be ready to see a lot of bad news about BTC" and "Bitcoin as low as $1k this year" could become relevant lol.

Tether is just an aspect of this ecosystem that props up the price of all crypto currencies, that's all. If you take that away, we will definitely feel it, but these 'black swan' events are of temporary nature and an excellent buying opportunity.

If your 'people won't trust Bitcoin anymore' thought holds value, then people won't be trusting ANY top 10 crypto currency anymore, because Tether provides most of their buy support. Bitcoin is way stronger than you think man, and I am sure that when we no longer have iFinex to worry about, Bitcoin will be even stronger. I would pump 90% of my current savings in Bitcoin (right now Bitcoin already accounts for ~60% of my total worth) if we see the price reach $1000 lol.

I remember the CME CEO saying that there aren't enough Bitcoins, well, they will scoop up whatever is being dumped on the market and steer it back up.
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