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1761  Economy / Service Discussion / Re: YoBit IEO's on: April 21, 2019, 05:41:34 PM
All the IEO's are gamble except the bittrex one.
No Bittrex IEO has been profitable for people who invested after the fund raising stage.

Yobit IEO is next level gambling. They didn't provide any information about what the project about. Some pump & dump group can easily manipulate the price. I think they are hurting their own reputation by doing this.
Yobit hurting their reputation? Even if they tried hard, they would fail because Yobit has consistently been one of the most shitty exchanges in the crypto space, but they are still up and running. In other words, as long as people are demanding from Yobit to financially rape them, Yobit will continue doing well.  Roll Eyes

Though You can't expect better than this from YOBIT exchange. But they should really stop behaving like scammers. I wonder how many people will lose their money on this IEO's. I would avoid everyone doesn't fall for this. Though I am thinking to join with a very small amount, in the end, it's yobit 1000x is possible too!
Lol. You want them to stop behaving like scammers, but you are actually the main reason they continue doing this, because of how you are thinking to join with a very small amount. Smh.
1762  Economy / Economics / Re: A Crypto Blessing: China’s Plan to Ban Bitcoin Mining Will Work Wonders on: April 20, 2019, 11:35:59 PM
Is this a blessing? If all China miners stop mining bitcoin how much time will take for 1 bitcoin confirmation? If China miners stop mining the mining difficulty will be the same as before?

China isn't as united as it may seem. There are various government bodies with different layers of laws, and not only Bitcoin related parties benefit from that.

Most miners have started last year already to slowly migrate to other countries with how China isn't exactly that cheap anymore in terms of electricity, and this hasn't anything to do with the government(s) there. Some parts of China have been suffering from drought for quite a while now, and this significantly increases the electricity prices. If you add the bear market that made the price lose a lot of its value, it basically forces miners even more to look for alternative countries.

In the end, the mining aspect has had to deal with so much fud throughout the years, yet it has never gone through many problems at all. The problem is playing out between people's ears.
1763  Economy / Economics / Re: Have you figured out what you are Investing in? on: April 20, 2019, 10:58:06 PM
This is one problem I have with so many people in the Crypto space,  and I think the fault is from those who introduced them to the Crypto space, they told them that when they come into the crypto ecosystem, that they will see an increase in the price and their money will grow in no time, but forget to tell them about the technology itself and what they can benefit from the technology now and also in the future, this is why we lost a lot of persons after the draw back in price 2018.

People nowadays either enter due to mainstream news coverage (mostly because the price has pumped hard for months straight), or scam ads and groups on social media promising insane returns. In that regard, it doesn't surprise me that we're dealing with a group of people that is only out to make profit, and I expect things to get worse as time goes by.

In the end, the best way for people to come to sense is to lose money. Period. If you get rewarded for doing stupid things (i.e. blindly investing in shitcoins and ICO's) in form of profits, how stupid are these things actually? Stupid things should make people lose money, and it's good to see that they do more often than not. It's obviously not cool to see people lose money, but it is cool to see people learn and better themselves afterwards.
1764  Economy / Speculation / Re: Bitcoin could still crash below $3000 - Vinny Lingham on: April 20, 2019, 09:38:35 PM
This makes me shake my head and ask myself what their real agenda is. If bitcoin is bullish, this type of person is bearish, if bitcoin is beginning to be bullish, the same person is bearish.

I read a discussion on reddit a while ago where the point basically is that these so called perma bulls are bullish during a bear market to attract liquidity from dumb money so that they can have their own fund and the funds of their close ass buddies cash out. It makes sense to a certain degree, but at the same time also not so much sense considering that a lot of crypto funds have imploded last year.

In case of Tom Lee it's purely ignorance in my opinion. This dude entered during the bull run in 2017 and assumed that this was normal for crypto, which it obviously isn't.
1765  Economy / Speculation / Re: The end of the sideways market is only a few months a head. TA on: April 20, 2019, 09:29:27 PM
I agree. In short term we might be bullish but not yet in long term charts. The golden cross in short term charts is definitely suggesting that we will cross over $5400 easily. But are we yet ready for $6k. I guess not. Bitcoin will retrace and will stay in $4k range for more time to come before an actual bullish phase.

There is no such a thing as definitely in any market. It all comes down to the state of the market when the Golden cross happens. If a market is already overbought, and near a level at which the price will face fierce resistance, the Golden cross might not lead to a price increase at all, and in some cases can even trigger sales. 

Another thing is that with how people now have had enough time to prepare themselves for certain events, the effectiveness of a specific event on the price will decrease. What you have is a price increase in the runup to the event, but a stagnant and decreasing price just before/after the event.
1766  Bitcoin / Bitcoin Discussion / Re: John "fucking" McAfee: I will reveal Satoshi on: April 20, 2019, 09:04:26 PM
I don't think John mcAffe has any more creditability than the imposter Craig wright. Though there could be some people who personally knows satoshi nakamoto like theymos or cobra or some early Bitcoin developers but I highly doubtful satoshi would be in contact with someone like McAfee.

McAfee is a drug addict. He is on the side of anyone who offers him a nice payday.

The very fact that McAfee is threatening to reveal satoshi just shows how retarded he is. No one in his right mind pretending to consider Bitcoin to be a greater invention than the internet and agriculture (his actual words) would do something like that to satoshi. Bitcoin allows McAfee to enjoy financial freedom, else his finances would easily be frozen or even seized. Fucker.

Satoshi did the right thing to only interact with a select few people, and McAfee was definitely not part of it, or even close to the people who had contact with satoshi.
1767  Bitcoin / Press / Re: [2019-04-18] Corporate Traveller Now Accepts Bitcoin Payments on: April 20, 2019, 08:49:58 PM
The title of the article is clickbait, I reckon. It might not be a hype article for bitcoin, however, it is a kind of promotion for Bitpay which might be their way to adverise their company from their expectations for the coming bitcoin craze phase.

Can you name me one of the more recent articles that isn't clickbait one way or another?

It has been proven that articles with flashy titles attract more clicks than articles that don't have a flashy title. News outlets are businesses, so there is already the incentive for them to do it. It also comes down to how they optimize their titles and article content to improve their web ranking and searchability, so that's another incentive right there.

If you ran a business, you would also do everything to get the marketing aspect done the right way. I don't agree with it being a clickbait article, but I accept that you see it differently, and that's fine, but be at least open to look at the article from a different perspective (i.e. business perspective).
1768  Bitcoin / Press / Re: [2019-04-20] Bitcoin podcaster Peter McCormack offers Craig Wright £100,000 to.. on: April 20, 2019, 08:12:58 PM
I don't see any point in offering CSW money to provide proof of something we know he isn't be able to prove.

All this is doing is grant CSW more relevance; in his book negative attention is still positive attention because more people get to know who he is, and what he is trying to achieve with "Bitcoin" aka BSV. If you want to punish CSW, the best way to do it is to not reach out to him in any way.
1769  Economy / Services / Re: [ANN] BTCANONMIXER.com - Bitcoin mixer / Bitcoin tumbler on: April 20, 2019, 08:04:09 PM
Q.How much is the maximum btc we could mix?
A. Max is 12 BTC per transaction , we will add in the website .

Q.Do you have btc reserves at your disposal? If yes, how much? Can you sign a message and show proof to us?
A. We do have the reserve BTC of 12 , i dont think it is necessary to sign and show , i request you guys to please test our service with small amount to gain trust .

I see a problem here.

Lets say I have 12BTC that I want you to mix for me, that means I will usurp your entire reserve and people looking to mix their coins after me won't be able to do so because the reserve is empty. What is the process from here? Will you just use my 12BTC to directly send out to those who mix their coins after me without first letting your algorithm get rid of the taint attached to my coins?
1770  Bitcoin / Bitcoin Discussion / Re: Life Cycle of a Transaction - Andreas A. on: April 19, 2019, 10:33:45 PM
I got to understand how some basic things work on bitcoin and blockchain, I have come to understand that bitcoin will replace fiat in the future.

I haven't been following Andreas too closely lately, but from what I have seen so far, he seems rather realistic and self aware enough to understand that Bitcoin isn't something that will replace banks and fiat.

There is a difference between people wanting Bitcoin to replace banks and fiat, and the probability of it to actually happen. I prefer Bitcoin to function as digital Gold, because you simply aren't messing with government currencies. The very fact that we have had an easy ride throughout the first decade is because Bitcoin has never formed even a remote threat to fiat, and I prefer to keep it like that.
1771  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATMs doubled every year since 2014 on: April 19, 2019, 10:04:06 PM
It must not be double instead that must be x10 since 10 years of bitcin existence so we should not be amazed on that volume.people need to learn about crypto so thats why we need many atms for people familiarity on cryptocurrency and specially bitcoin

The growth we have gone through is actually quite impressive, especially if you take into consideration that operating an ATM gets more difficult instead of easier with how regulatory frameworks are slowly but surely taking shape. On top of that, regulators are more actively enforcing their rules/policies, so the risk of operating an ATM has increased exponentially.

The good thing about more ATM's is that competition leads to lower fees, and that's definitely what the ATM space needs with how fees range from 5-10% in some cases.
1772  Economy / Economics / Re: Things I learned through the years of Buying and Trading Bitcoin on: April 19, 2019, 01:30:59 PM
therefore I think using free money to invest is still better

Of course that's better, but people being so greedy aren't satisfied with what they already have. It's not for nothing that even when people invest/trade with money they can 'afford to lose', they still leverage their trades on platforms as Bitmex and rekt themselves in the process.

People don't find it worthwhile to scoop up profits of 0.005/0.01BTC per trade, while that's actually pretty decent money, especially if you can do that a few times per week. I usually trade with 1BTC at most, and the few % I manage to make (some times mildy leveraged, some times no leverage at all) is something I to this day am still very happy with.

Bitmex is a casino more often than not, and most people walk away with losses. Doing 100x isn't normal, neither is 50x but it has become that with how fearless and greedy people are.
1773  Economy / Economics / Re: Have you figured out what you are Investing in? on: April 19, 2019, 12:57:33 PM
If we are looking at how the hype in December 2017, there are a lot of irrational buyers, meaning they just throw in money in the market without really understanding what they are doing in the first place. And when the market plummets they started to panic and realised that they have done something which they didn't understand.

Dumb money at its finest. I found it quite hilarious to see how people who joined in 2017 legit believed that crypto could only go up. I still browse through last year's social media posts where people said that $17,000, $16,000, $15,000 etc, were great dips to buy and that $50,000 before the end of 2018 is a realistic target.

The correction that we have seen happen last year made these get rich quick noobs finally respect this market more, because you are NOT an expect just because everything in a bull run is going up. Seriously, you could have bought a random shitcoin and still make insane profits.

Fundamentals didn't play a single role back then. More precisely said, the coins with the worst fundamentals actually outperformed the coins with the best fundamentals, percentage-wise. Sure, there is not all that much liquidity in most shitcoins for deep pocket investors, but for a newbie investing a few thousand it's more than enough to do the job.
1774  Economy / Speculation / Re: Buy every dip! on: April 19, 2019, 12:31:46 PM
When everyone expects the same thing, the opposite usually happens. This is a case in point. In December/January, almost everyone thought lower prices were coming. So naturally they sold. Once everyone sold there was no more supply left in the $3,000s so the price started rising. And for the past couple weeks, we're now seeing all those sellers and shorters buy back after seeing the market move against them.

This is why I'm a market contrarian and why I'm always trying to measure peoples' sentiment.

Being a contrarian is a good thing most of the times, but didn't work out well back in 2017. Almost every $1000 increase was seen as the next top, and the reason for most contrarians to believe it would crash was that people (i.e. dumb money) were so excited and bullish that we would reach much higher levels.

The main reason for me not to sell so early on in 2017 is that I am a firm hodler, because a lot needs to happen for me to start selling coins. I don't really see it as an investment, it's what I consider digital Gold that offers me financial freedom, which I am not going to sell, unless the market has gone so crazy high that I can no longer resist selling a portion of my total stack.
1775  Economy / Speculation / Re: How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now? on: April 19, 2019, 12:06:31 PM
Unfortunately, it a bit sad that it will be impossible for us to reach that low price again

If you think that's so, then buy as many coins as possible right now and hold them for a long time. That's the only way to not feel like that again during the next bull wave.

I remember back in 2015 that I found $500 a bit too high to dollar cost average into the market after having bought myself a good number of coins below $300, but look at where we are right now. Feeling sad about missing the boat is something you should do when we're hovering over the $100,000 level, and not at current levels if you're interested in the very long term.
1776  Bitcoin / Press / Re: [2019-04-17]Italy Lost €10 Billion in Cryptocurrency via Cybercrime on: April 18, 2019, 03:13:20 PM
Not very convincing. The figure of €10 billion is extremely high. They very likely manipulated the metrics, which news outlets love to do. They could have grabbed the total number of coins throughout the whole year of 2018 that they assumed were used in illegal activities, and measured it against the $17,000 value in January of 2018.  Lips sealed

The funny thing is that what they preach against, is very likely the only thing that will be able to offer a solid hedge against their own failing economy, lol.
1777  Bitcoin / Press / Re: [2019-04-18] World’s Largest Bitcoin Exchange Wants to Help Rebuild Notre Dame on: April 18, 2019, 02:49:06 PM
They don't care about real problems. All they care is about awareness - their name is now again on all newspapers - and probably about their own competition with their own rules.

In case of Binance for sure. It's the ideal way for them to get some mainstream media exposure while this is being covered throughout the whole world.

CZ definitely knows how to market Binance in the best possible way, which also applies to how they used the anti CSW sentiment to gain goodwill from the community, and that's something they definitely needed after all the IEO's that a lot of people lost a lot of money with.

If this continues, the donations will soon surpass the $1 billion mark. Another thing that massively contributed is how the French president is very close with the super elite there, and this is an excellent opportunity for him to show that he's using his connections for a good cause.
1778  Economy / Trading Discussion / Re: Newbies that has interest in trading! on: April 18, 2019, 09:49:01 AM
Trading is not luck but carefully analysis and been smart enough to buy at the right time/price  and been patient enough to hold till the market reach the pick.  It is risky but you can still make money if you can buy now that the price is still very low and sell when it starts going up towards $20,000 or $30,0000.

Ok, so the only reason you say the current price is low is because of the all time high being $20,000? Doesn't make much sense at all, especially with how little time we actually spent around the peak. It was a hype driven peak that in no shape or form reflected the actual fundamentals, and that right is more or less what we are left with now the hype is over.

From a TA standpoint, the price is quite overbought and a correction is looming. There are some things that keep the bulls thriving for now, so we'll have to see how this plays out, but purely based on the probability of a profitable trade, it makes more sense to be short than long right now.
1779  Economy / Economics / Re: Crypto Market ‘Bullish’ in Wake of Bitcoin’s 20% Surge on: April 17, 2019, 10:09:46 PM
Because of bearish predictions many new investors will sell at cheap price out of panic and as such the whales buy it for profits.

Newbies only sell if they actually see the price go down. Most of them don't pay attention to what is being said, because if that was the case, it would also work in times where all sorts of self claimed experts throw around with bullish predictions. It all comes down to action -> reaction. Price up = people buy. Price down = people sell.

This isn't something that only applies to Bitcoin. The exact same market psychology also applies to the stock market and other tradable assets.
1780  Bitcoin / Press / Re: [2019-04-17]Google Trends: Cryptocurrency Users Buy Bitcoin Only on: April 17, 2019, 06:37:57 PM
During the peak of 2017 there was a significant increase in users searching for bitcoin so the google searches are a good indicator, albeit an indirect and unconventional one

The mainstream media always refers to Bitcoin when there is a significant price increase or decrease.

You don't ever see them cover how Ethereum or XRP has gone up or down a lot. In that regard, the most probable search option will be Bitcoin related. Another thing is that most unregulated exchanges offer only crypto to crypto trades, and you need to buy Bitcoin first to buy whatever altcoin, so Bitcoin is the most probable search option here too.

I always found these Google trends to be extremely flawed because they lag behind the actual trend itself. By the time Google trends have peaked, the actual peak in demand for whatever coin might already have faded with how quick things can change here.
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