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16981  Economy / Trading Discussion / Re: Between Ether and Bitcoin, which will be on top in 5 years? on: August 25, 2017, 03:34:54 PM
Which will be the top based on what? Market cap? Transactions/day? It depends. Bitcoin and Ethereum are both really famous cryptocurrencies but they're made for different purposes. Bitcoin is made for a global decentralized currency(or storage value, for some), whereas ethereum is made mainly for smart contracts.

In my opinion though, if bitcoin couldn't fix the scaling issues in probably a year from now, I wouldn't be surprised if it were to be overtaken by a different cryptocurrency. Though it would take probably more than a year, since bitcoin is still the cryptocurrency that has all the publicity. People barely know other coins like Monero, Dash, etc.
16982  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: August 25, 2017, 10:54:39 AM
Wouldn't that be something completely different than the current way bitmixer works? In my opinion, the power of bitmixer lays in the fact that the chips are pre-generated before you even deposit any funds into your bitmixer session.
If you were requesting different chipsizes, chipmixer would either have to generate these chipsizes on request before any deposit happened, or they would have to generate them afterwards (which would not seem like a good idear to me, bitmixer would lose some of its appeal to me)
Did you forget what you're advertising?

Good catch, i meant chipmixer offcourse  Grin (all these years of bitmixer being the only reliable mixer around made me develop a habit of typing bitmixer)...

I'll edit the first post!

LOL. An ex-bitmixer campaign member perhaps?  Cheesy Cheesy

Hey, I was reading through your FAQs and I found the following excerpt:

"Our goal is to make Bitcoin value independent of its blockchain history. Some governments and corporations wants to invalidate its value by claiming they are connected to something immoral like gambling. Every time you withdraw from ChipMixer, we give you cryptographically signed receipt that proves you have received those funds from us. Since the disconnection of history is proven, there can be no loss of value."

I understand how ending up with bitcoin from an address related to a an address linked back to illegal or immoral activity could make you seem suspicious of something and how the receipt can claim the money is sourced from a mixer. However, couldn't this also be used the other way around to say that the money was gotten from a mixer and therefore it was originally from an illegal activity/money laundering. Of course, this is a backwards way of thinking and completely wrong, but just an example of times in which forces such as the government are looking for reasons to steal the money and this might not fully help. It is always good to have the option, however.

Better to look suspicious than to look guilty of a crime you didn't commit. In general innocent-until-proven-guilty still has to apply, everything else is just conjecture. Question being of course whether they will make mixing itself illegal in a given legislature (ie. defining the usage of a mixer as money laundering).

I personally don't use bitcoin mixers, but does withdrawals only come from one or a few addresses? Because I'm pretty sure not all people that use mixers are actually guilty of a certain crime. I could see myself using a mixer in the future if I would like to move my bitcoins into another wallet using a mixer mainly just so that my funds somewhat are untraceable(not because I did a crime); but at the same time I definitely wouldn't want to look suspicious. This might come of as a turnoff for innocent people wanting to use mixers. Undecided
16983  Economy / Service Discussion / Re: wanting to sell something on: August 25, 2017, 09:53:17 AM
I did a quick google search on "mmb-chminaca", and it looks like a chemical(?) or some sort of drug. I'm not sure what that chemical does or what it's for, but if it's legal try selling that on https://purse.io or maybe through OpenBazaar.

Not sure on how you're going to get potential interested customers though. The interested demographic is probably too small for such a uncommonly-sold item online though. Also, it looks like something that people would sell on Alphabay or in the darknet markets in general lol.
16984  Economy / Trading Discussion / Re: Beginner trader on: August 25, 2017, 09:00:02 AM
Which coins exchange is the best choice for begginer trader??
You might be thought the liqui, bittrex and poloniex. Polo already working smoothly right now, But if you ever heard about the binance exchange and you must never use it. But liqui is preferable in my opinion for the newbies trader because the liqui offers the cheap token price rather than another sites.

Why binance exchange is bad?

Binance is fine  Huh I don't know why he suggested that you don't use it. Binance is good especially when trading NEO, since NEO withdrawals on Binance has less fees compared to Bittrex's fees, thought I dont like Binance's user interface that much compared to bittrex's. I'd go with Bittrex Binance Bitfinex and other exchanges that has other less-known cryptocurrencies. Basically almost anything except Poloniex. Poloniex always has been working smoothly. The problem is just on withdrawals being disabled and their shitty customer support (months of no replies).
16985  Economy / Trading Discussion / Re: Market-wide gains and dips on: August 25, 2017, 08:08:24 AM
so far whenever bitcoin price rises, altcoins get dumped.
Nope.  They've usually moved together so far this year.

have you EVER looked at a chart? I am not saying what I explained happens all the time, but in 99% of the times what I explained above is true.

here let me show some charts, maybe you can understand it better.
the following two charts are showing the period of time when bitcoin price went up from $3300 to the near ATH of $4300 from 8 Aug to 15 Aug.
the comparison is between price of ETH in bitcoin and also in dollar.

the blue line is showing bitcoin price in USD in both charts which is rising. and the red line shows the ethereum price which is falling in both markets against BTC and against USD
the swings in ETH/USD is mostly because these are average values and because it was falling against bitcoin price which is rising so it covered a little part of the drop in USD.




I agree with Xavofat that usually(not 100% of the time) other altcoins do rise together with bitcoin. Looking at the charts comparing Bitcoin to Ethereum itself won't be accurate enough as there are alot of altcoins out there that has decent economy; Ethereum just really went down, and I think it's really not related to bitcoin's rise in price. Take a look at the other alts that rose together with bitcoin (e.g. NEO, IOTA, STEEM).

Though I can be wrong, feel free to correct me aswell.
16986  Bitcoin / Bitcoin Discussion / Re: What happens when mining is no longer profitable or all coins are mined? on: August 25, 2017, 06:47:43 AM
Difficulty rises, at the same time if the recent price charts stays somewhat bullish, bitcoin's price will also rise. So these things will most likely just balance out.

Prices were high and transactions were slow enough even when Bitcoin Cash was still non-existent, it even looks like Segwit CURRENTLY only has a small effect on the tx fees and times. Whatever people say, I think competition is healthy, whether or not you're for bitcoin(BTC) or Bitcoin Cash(BCC/BCH).

Time will only tell who the crypto-king will be in a few years. Who knows? It might be dogecoin? /s  Cheesy
16987  Bitcoin / Bitcoin Discussion / Re: Bitcoin for Taxi on: August 25, 2017, 04:41:29 AM
That would be very good. Though, if I remember correctly, for a trip that's around 8 miles or so would cost around $20 not including tips and the flag down rate. Would you be willing to pay for a $20 taxi ride with a fee of $3-$5? I wouldn't. Bitcoin is simply pretty much crippled as of now. The core developers need to fix the scaling issues first before we even need to look at global adoption ideas like yours. We, the people have so many ideas on how we can apply bitcoin globally, but these great ideas are slowly getting more and more impossible by the minute. Bitcoin is simply just storage value as of now.
16988  Bitcoin / Bitcoin Discussion / Re: DO YOU AGREE? on: August 25, 2017, 03:21:48 AM
Though I don't believe it will reach that high at the end of 2017, it would be more and more possible if big names would continue to make such bullish predictions. If alot of big names would have bullish predictions, what would the people do? They would go all out FOMO on bitcoin, buying out alot of the coins thinking they'll be rich in a few months, causing the prices to rise alot.

I think it's impossible for anyone to give an accurate prediction.  But having said that, around $5k by the end of this year is likely. And in 2018, $10-15k.  However, maybe the emergence of more suitable methods of payment (Eth, OMG, TenX, even Ripple) will have a knockback effect on this.

It's possible for a person to have an accurate prediction. The only problem is, there's so many decent names out there that's been giving out various predictions(rises to $15,000, crashes t0 $1,500, etc), that we wouldn't know who to believe in.  Cheesy And yes I believe too that $5000-$6500 mark would be alot more less farfetched of a prediction.
16989  Bitcoin / Bitcoin Discussion / Re: Mark Cuban Backs $20 Million Dollar Cryptocurrency Venture on: August 25, 2017, 02:54:33 AM
I honestly don't see ICOs going anywhere soon. Companies/organizations who started ICOs were super successful, racking in millions of dollars easily if they have a convincing paper and good social media publicity; they don't even need a working product! I feel bad for the price of Ethereum though, they could easily just dump those thousands of Ethereum to the markets.

I, personally wouldn't take part in Cuban's ICO, as I've always seen Cuban as somewhat a "shady" person. Not to mention he was talking alot of crap about bitcoin in the past, and here he is now with his first ICO. Just like every other huge investor, I'm pretty sure he is just in for the money.
16990  Other / Beginners & Help / Re: Easy giveaways are all gone or very limited on: August 25, 2017, 02:27:28 AM
I don't blame them. If I were to make a giveaway I wouldn't just randomly give it out to Newbies either. Newbies here in the forum are usually either alt accounts or people who are very very knew to the cryptospace; I wouldn't want to give it to either. Giveaways are usually given for people to test out a certain coin. Alts or newbies will more likely just dump them in the exchanges.
16991  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Blockfolio / Currency tracker for pc on: August 24, 2017, 02:23:29 PM
You can try https://altpocket.io, it's a web app, so you wouldn't need to download anything, and you can pretty much access it on any device. I used in months ago, it was decent. I'm not actually sure what updates it had since I last used it, but it has the features of  importing your transactions from Bittrex and Bitfinex, which is a huge plus in my opinion. You can also follow some people's investments if you want to look at some gainz by other people.
16992  Bitcoin / Wallet software / Re: I woke up and found my Exodus wallet hacked and cleared. on: August 24, 2017, 01:43:50 PM
Ah damn. Let's just say, that's an expensive lesson.. hopefully not TOO expensive. Taking screenshots and saving your recovery seeds on a un-encrypted storage or device, or taking screenshots of your seeds in general is very bad. If you were to be targeted by a hacker or hackers, it's pretty much just handing your wallet over to them.

Good move on purchasing a ledger nano, but if you were to need a multi-currency wallet(maybe for accepting donations or so? if you have a website), I would still go with Exodus over Jaxx. Jaxx is pretty much vulnerability land.

Exodus is not that secure, you had to at least wait for the 2FA support but yeah, that wouldn't help either since the seed was comprosed. HitBtc may not give the funds back (unless the owner still have money on that account) but it definitely worth contacting them.

Well yea not that secure, but definitely better over Jaxx. My bet for a multi-currency wallet would be Exodus and Coinomi.

https://www.reddit.com/r/Bitcoin/comments/6gib6c/jaxx_wallet_vulnerability_puts_your_bitcoin_at/
https://www.reddit.com/r/jaxx/comments/6gfl4d/easy_extraction_of_the_jaxx_12word_wallet_backup/
https://www.reddit.com/r/dashpay/comments/6hadkb/jaxx_wallet_is_vulnerable_your_money_can_be_stolen/
16993  Economy / Service Discussion / Re: GainBitcoin on: August 24, 2017, 01:05:55 PM
You want to mine with profitability? Then go for hardware mining. Buy some Asics/Antminers, or graphics cards. Basically, stay away from everything "cloud" mining if you want to make profit. I know I sound like a broken record already, but: If you had lots of graphics cards for mining, would you rent it out to people? I wouldn't. I would use it for my own profit ofcourse. The only reason I would rent it out to people is if I'm gonna earn more from people's subscriptions.

Take note: Cloud mining companies exist not to help people make profit. They're a business. They exist for them to make money.
16994  Economy / Trading Discussion / Re: How do you decide when it's time to sell? on: August 24, 2017, 10:53:27 AM
When the price is high, that's when I sell. When the low price I will hold it, menuggu high price.

That's easier said than done. Also, this would require looking at the prices every few minutes since prices can cash and rise in seconds. Just set a realistic profit goal (like 3-8% would suffice). The price went up 5%? Good. Go sell it. Usually you don't wait for 50% profits or so, since that's too far fetched, unless you have information on a certain news or update that could possibly skyrocket the price of that certain coin. Tldr; Don't be greedy.
16995  Other / Beginners & Help / Re: LOOKING for reliable SIGNAL services on: August 24, 2017, 02:39:54 AM
There are no legitimate sites/groups/channels that will give signals that aren't pump and dump. Why would they give signals in the first place if pumping the price wan't the main intention? The only reliable "signals" that can make you decide on when to buy or sell is to read the news stay ahead of everyone in terms of knowing which coins will most likely pump, and make your own well-thought predictions and decisions.
This is completely wrong. There are many high quality groups out there that will give you signals and help train you. BitsToFreedom is one such group. The entry fee is incredibly high (0.5 BTC) but it has been extremely worth it. He has videos of his trades explaining to you his decision process and the TA behind it.

There are also others that have been very active in the past, however, they have not really been doing much recently so I do not want to advertise them at the moment.

Groups are only high quality if they provide proper discussions or debates and give you up-to-date legitimate news, not "signals". If their intention was to legitimately train you they wouldn't give out "signals" instead they teach you how to do analysis on the price charts. Not to mention they charge a hefty 0.5BTC what the hell? If they give you signals, it's a pump group. That should be pretty obvious. It's good that your leader at least gives explanations on his trades, but yea. Still a pump group nonetheless.

Also, there are alot of good trading youtube channels besides BitsToFreedom's.
16996  Other / Beginners & Help / Re: LOOKING for reliable SIGNAL services on: August 23, 2017, 03:18:49 PM
There are no legitimate sites/groups/channels that will give signals that aren't pump and dump. Why would they give signals in the first place if pumping the price wan't the main intention? The only reliable "signals" that can make you decide on when to buy or sell is to read the news stay ahead of everyone in terms of knowing which coins will most likely pump, and make your own well-thought predictions and decisions.
16997  Economy / Trading Discussion / Re: Day trade or Hodling on: August 23, 2017, 02:28:25 PM
As long as you aren't investing in shitcoins, day trading is higher risk higher reward.  I seem to have a good idea of how to be successful in day trading but I lack the confidence to actually do it.  I watch something shoot up 20-40% for no reason it is clear its a good time to dump because it goes in cycles but I always just end up hodling.  I'm ok with it though.  I do the same with the stocks I hold, except I'm not afraid to sell my stocks at 50% what I paid if I dont have confidence in the company (this has happened).  It works for me in the longrun but I can't help but think I'm leaving money on the table.  I tell myself its better to be in and leave money on the table than to stay out.

To be honest though, I've made decent money flipping shitcoins. They're definitely good for daytrading in my opinion. You just have to be attentive to the charts, so you know when to sell. Since usually with shitcoins you need to get out as soon as possible even if you only made small profit and you definitely don't want to have your shitcoins for more than 24hrs. Prices can crash in a snap of a finger. A good example for these "shitcoins" will be HighOnCoin's Chaincoin, which was pump and dumped last month. People definitely can make bank with it if only you bought and sold on the right time. Look at the July charts of chaincoin below:

16998  Bitcoin / Bitcoin Discussion / Re: We saw the bright side .. We did not see the dark side yet. on: August 23, 2017, 11:05:35 AM
We are already in a sort of "dark side" if you look clearly. Communities being split (Core, BCH, Segwit2x), enormous transaction fees and long transaction times, and it doesn't look like we're gonna get by this any time soon. Not because the price is slowly going higher it doesn't mean we're currently in a good place. Other cryptocurrencies are improving fast. It might not look like it as of now, but I won't be surprised if bitcoin will be overtaken by another cryptocurrency in the near future.
16999  Economy / Service Discussion / Re: Is this a safe project to invest in? on: August 23, 2017, 10:11:57 AM
I'm not saying it's a scam, but it's kinda fishy. Their information on their website itself makes me suspicious.
  • The "team": I couldn't find any social media accounts of any of the members of their so called "team".
  • All their social media links in the bottom of the page all leads to Wix's social media accounts. wtf?
  • Not even a Slack channel, or even a GitHub link. Again, wtf?
  • The "What People are Saying" section: We all know all those testimonials are BS
I'll pretty much stop right there. It's shady enough to invest in. By the way, how is this in any way "quite good"? LOL. You probably just looked at their website and got blinded by the web design and you got sold right away.
17000  Economy / Trading Discussion / Re: Pump and dumpers. on: August 23, 2017, 08:10:43 AM
Isn't these groups are beneficial for us too? If we get into trusted sources then it can make the trading very simple and most important very profitable for us. :-)

I would love to join such groups if they are giving me the opportunity to earn money.

People actually don't make much or sometimes people even lose money from pump & dumps. The pumpers tell you to buy and buy, then you see the value of your coins rise and rise thinking you're gonna be rich. Then before you know it, in a snap of a finger, the price crashes. Why? The pumpers who first bought tons of those coins already dumped. Leaving you with a huge loss. Make educated decisions when investing. Don't join those scammy pump & dumps.
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