bear market never started to want to last!
it was a correction followed by a FUD dump that got out of hand and turned out to be big. and as soon as the bottom was reached the price reversed and it came back up to normal levels that were supposed to be the bottom of the correction.
this process is not a "bear market". it is just bitcoin being bitcoin.
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~ so many challenges ~
can you name some of these challenges. because i can only think of one or two challenges that were worthy of the name. 1. the scaling challenge: which lasted a couple of years and it is finally coming to an end. with activation of SegWit it moved forward and it is nearly done until we get the drama in a couple of months and then it is completely over. 2. the adoption challenge: which has always been with us ever since the start and it is slowly improving. the rest are just drama, like government, regulations,... and most of them are FUD anyways so i wouldn't consider them as a half challenge even.
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who are "they" and what country they are talking about? bitcoin is illegal in a handful of countries. you can see them here (the list is mostly accurate): https://coin.dance/poli#legalitybycountrybut in the rest of the world (190 countries) bitcoin is legal. so when "they" talk about bitcoin being illegal there are 3 possibilities: - they are talking about one of those countries above - they are idiots who don't know what they are talking about and just repeat something like a parrot - they want to spread FUD to cause panic and help manipulate the price so that they can buy bitcoin at a cheaper price. (it was $500 profit on each coin if you bought bitcoin in the recent FUD dip)
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i don't know why you are calling it a "bloodbath", it was less than a 20% drop and that because of a lot of FUD and a lot of corrections during multiple steps, not just at once. and we have had huge drops like 35% in the past that make this one look ridiculously small. in any case i agree that we are back. i was expecting a little more time before we get back so close to $4500 but the market has changed a lot. i think more people are starting to realize the FUD and buy as fast as possible. before it took a longer time before they realize and start buying, now they all know!
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"all tokens" are not ICOs so there is no reason for stopping their trades but only the ICO tokens. coins like NEO, ZEC, BCC, Augur, or even ETH itself there is no reason for stopping their trades. i can't open the trading page of Yunbi, it keeps showing a warning until i sign up but according to coinmarketcap.com it still has volume for each of those pairs. how do you explain that?
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that is exactly the issue with exchanges and trading that we all face. those who say "don't keep your coins on exchanges" are either giving general advice like a parrot or they have never traded in their lives. if you want to trade fast you need to keep something on exchanges at some point. you place an order and wait for it to be filled (buy or sell order). and that is keeping coins on exchanges.
what you can do for extra security (on top of having strong password, 2FA and general security stuff) is to withdraw your bitcoin when you are not trading. for example there are times when market is not so good for trading like when it is unpredictable. you can withdraw those times. or at least withdraw the profit and keep the principle there.
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I am using v 2.7.9 because it's the version that comes installed with Tails. I have no idea how to update or reinstall the latest version on an offline system. If I use internet it will defeat the purpose of a cold storage..any advice on this?
then the reason was in fact the old version. for updating you can download the tarbal from the download webpage and then verify its signature and then install it on Tails. https://electrum.org/#downloadhttps://download.electrum.org/2.9.3/Electrum-2.9.3.tar.gzhttps://download.electrum.org/2.9.3/Electrum-2.9.3.tar.gz.ascDo you know of any website where I can find information about this? I find it strange with so many good coins nowadays, how there is very little information on how to install safely these wallets. Almost all videos I see are for the bigger cryptocurrencies with bitcoin being the most prominent. What would you do if you wanted to install wallets for, for ex., NEO, NEM, MIOTA,etc.
i usually ask my linux questions on reddit. try one of these: https://www.reddit.com/r/linuxquestionshttps://www.reddit.com/r/linux4noobshttps://www.reddit.com/r/tails/and things don't need to be specific to bitcoin, ... you are in fact trying to install/upgrade a program written in python so generally any question regarding that would also help. and for all the other alts, their website usually has enough information such as how to install the wallet on linux.
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in 2 or 3 days from now the price will be back to normal because ,in my opinion a lot of peoples are scared not to lose everything .
i don't think it will come around so soon. it may take a while and some accumulation before the next rise starts and also it will take a while before price comes back to "normal". But it is not a good thing altogether because it will decrease the number of cryptocurrency holders by 5% -15% maybe more ... tell me your opinion about this . someone who has invested in bitcoin is not going to go away just because a price correction happened. and if someone does really give it up, it is the best thing because we don't want people who are in it for the short term get rich thing.
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that dream you are talking about is the dream of having a currency that no one controls. aka a decentralized currency. but what happened so far is that bitcoin is the only "currency" and the rest are all investments to make more of bitcoin which is also turning mostly into an investment. now what government has done is that they have set rules for this investment and they can never set rules for the currency part.
and besides this recent news was about ICOs which are in reality "scams".
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this is not a rundown of "past week" it is a rundown of "3 months ago" in first week of June!
and i don't understand what you are trying to tell us either! the number of transactions is up as always and as much as it ever with the only difference that spam attack has stopped and miners stopped playing around with Bitcoin Cash difficulty to make profit. as far as price is concerned there is nothing new there either. we are still seeing the same swings with the same sizes (still less than 20%)
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I guess I am too late to the train but I made a small purchase of a fraction of bitcoin lol. I am not rich by any means. Hope this is a good decision lol Wish me luck. Where do you think BTC will be in next 2-4 years?
bitcoin is down 200$ maybe it is the perfect time to buy bitcoin. bitcoin is down a lot more than $200 but also how much it is down is not important but how many percentages is much more important and from top it is about 18% drop which is not big in any sense. in any case we are in a dip, it may not be the absolute bottom of it but you can be sure that we are in it. and we all know that a dip is always a good choice to buy bitcoin in. you can wait until it is lower or wait until it is more stable before you buy if you are too scared but try not to miss all the chances.
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no i become the most nervous i have ever been because i need to rush to transfer as much money as i can afford to my exchange accounts in order to buy more bitcoins before it is too late.
and the bottoms usually happen in a blinking of an eye.
i agree though, it is a good relieve of tension and hopefully puts an end to all the bubble talk.
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What is the reason for bitcoin prices to fall,
price correction after a huge rise in a short time. is it because of negative news from China about the ICO ban making bitcoin prices fall?
it was not the reason but also it was not ineffective either. Will bitcoin prices go back to $2000?
probably not.
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Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ?
buy mining equipment: not a bad idea if you have a cheap electricity, have some space in your home to place the rig and do proper cooling and also if you know how to maximize your profit by mining the better coins and dump them on good time. cloudmining: a big ass NO. buying coins directly: this is a good option too. it doesn't have to be a separate one either. you can mine and also invest. buy bitcoin first and always have some of it held somewhere safe. specially now that there is a dip it makes a good time to invest for long term. and also start trading altcoins to know them better, it helps with choosing what to mine too. What cryptocurrency might be the best for long-term profit ?
long term? only bitcoin. I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
start small, you can only get the answers you want if you experience the market. start trading and learn how it really works. it is a good market to make a decent profit.
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- 300 $ start money - buying and selling coins from top ten: btc, eth, ltc,mnr,... - taking small profits: 1 or 2$ - daily goal is 5 to 10$ - 20 profitable days a month - work myself up to 3000$
1-2$ profit on $300 means 0.33%-0.66% profit and you have to also consider the trading fees you pay. they are usually 0.2% per trade and can eat through your profit easily. it is good to have plans like this though. specially with a small amount of profit but i would like to propose 2 changes: 1. choose other altcoins too, don't just stick to coins that are on top. specially find those that give good profit. like for example Komodo that was pumped yesterday. 2. choose a little bit higher profit %. something like 1 to 5 percent is better in my opinion. Then (I'm not in a hurry), With those 3000$ I want to make between 1000 and 2000$ a month (daily profits between 50 and 100$, 20 good days a month).
Is this reasonable?
yes it is. if you keep it small and reasonable while taking small risks until you gain more experience and confidence to improve your results.
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~When I start electrum it doesn't ask for a password, it immediately opens giving access to my wallet. I don't understand why is this happening, every tutorial I've read says that the password is needed every time you open electrum. What am I missing?
what is the version of the Electrum installed on Tails? a couple of versions before, Electrum password worked differently. by default you could open your wallet, see the transactions, balance, addresses,.... but to access the keys (seed, private key, signing, ...) you needed to enter the password. they changed this behavior and now when you choose a password you have to choose what to encrypt. it can be the old behavior or encrypt everything. you are either running an old version or didn't encrypt everything. p.s. i think it was changed in 2.8.0 Another question I have is regarding other cryptocurrency wallets. Will Tails allow me to install other wallets using persistance?
if you add persistence then yes. but it will be a big complicated.
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Yesterday BTC was peaked around $4900+ ~close to $5,000 and it is now back to $4,700
What's your take on it? Minor price correction? Or we will have a slightly down trend towards to Close to $4,000 which is almost a 15% Down
it is never easy to say but i think it is too soon for start of a bear market for bitcoin. we have the SegWit2x on the way in a couple of months and that will cause the bear market to start but only a couple of weeks before its deadline and then depending on the result of it, things can go either way. but for now i am expecting more bull market and bigger rally until that time. this is so far a small correction like all the corrections before it. you can see them red candles on the daily charts. sometimes it takes a week to reach the bottom and reverse.
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yes! in an OHLC chart, candles represent Open, High, Low, Close and also the volume. in a small exchange like cryptopia that people usually don't go to trade certain pairs like those small forgotten ones, there is no trades in long periods. for example there can be 0 trades in 12 hours or even days. (although they remove such pairs) and that means no candle to show.
there is also another thing called "spread' that causes another kind of gap which is more like a jump. this means there is a big gap in between 2 order books. the buy for instance is ending at 100 satoshi while the sells start at 500 satoshi! in this case if 1 trade happens now of type "BUY" there will be a candle at 100 satoshi and if 6 hours later another of type "SELL" happens there will be another candle at 500 satoshi, hence creating a big gap in between which looks like a jump in hourly chart.
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