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1841  Economy / Exchanges / Re: AN OPEN LETTER TO CZ_BINANCE on: April 07, 2019, 12:13:45 PM
I don't think so. bitcointalk is no more the primary crypto source. that time gone man.

I wish you was right on that one, but the shitcoin part of this forum is still very much alive and kicking. Almost every new coin or token will have its ANN thread opened up here to gain more traffic. I have seen it myself that people ridicule projects for not having an ANN thread here. That to me seems like Bitcointalk is still the place to be for everything related to altcoins and tokens.

As for OP's letter to Binance, I do appreciate the effort, but I am sure that CZ won't care much unless we get a large number of people to back it and voice their concerns when it comes to IEO's.
1842  Economy / Speculation / Re: THE FOMO! on: April 07, 2019, 11:57:31 AM
Well if you think about it, btc moved from sub 4k to 5k in a matter of days. So getting to 7k by june isn't impossible. Especially with a lot of people becoming excited over the current trend. It could really start a fomo run but i wouldn't want to jump into that if ever. I'll just stick to the btcs i currently own.

After the resistance of ~$4300 broke there wasn't much that could stop the price from rushing up to $5000. The resistance we will face around $6000 will be way harder to break through, and it might take all the way till 2020 before we actually break it.

Realistically speaking, the most we can expect for now is to see the price attempt to peak somewhere between $5500-$6000 but it will be brutally rejected if so. No way that without a major catalyst and a lot of new capital we will take it out easily after functioning as critical support for such a long period of time.

If you're in for the long term it's better to hold, but it might not be a bad idea to use a potential $6000 visit to sell a small portion and buy more coins back lower for the same amount of fiat.
1843  Economy / Speculation / Re: I SMELL FOMO on: April 07, 2019, 11:33:47 AM
FOMO is a beautiful aroma but I don’t quite smell it yet. Expect real FOMO to come a few months after the next halving when the price will probably break $10,000 again.

I'm sure that with how people expect the price to go up in one straight line, they'll wonder why the price didn't rocket up after the block halving, while in reality we have gone up a lot in advance of the event already. What investors do is front run the actual event, then potentially sell the news. It happened the previous time as well, people literally asked when the price will go up.

Things will get worse this time with how the current layer of adoption is worse than the previous one, and it will comtinue to go south after every bull run where we're coming closer and closer to the most trashy layer of mainstream adoption. These baboons don't care about anything that gives Bitcoin value. They just want to see the price go up 100% before the end of the week.
1844  Economy / Service Discussion / Re: Anyone knows whats going on with Bitcoinwisdom? on: April 07, 2019, 10:20:36 AM
I use https://www.bitstamp.net/market/tradeview/beta/ to follow Bitstamp, which is my main benchmark exchange. I also have the vanilla version of tradingview open to follow Bitfinex's market too, because some times it goes wild and the rest of the market reacts to it.

I think it's safe to say that the lack of developments on Bitcoinwisdom reflect the interest in that site. It may end up following Clarkmoody (for those who still remember it) and eventually take everything down.

It is quite ironic how we almost tested BTC-E's stuck ticker price of $2546 while Litecoin went well under BTC-E's stuck ticker price of $41.27. Cheesy
1845  Bitcoin / Press / Re: [2019-04-05]Mafias in Italy Use Bitcoin & Cryptos for Money Laundering on: April 07, 2019, 10:07:12 AM
The biggest mafias in the world are governments who print the money we are using on a daily basis. They threaten to throw you in prison if you don't pay your taxes, or even when you make a mistake when submitting your tax documents. This is extortion. Mafia as in Italian mobsters (or pretty much every other mob gang) are exactly the same as government officials with their innocent looking faces. They'll hurt you when you don't obey.

Bitcoin's 'criminal' use has for the most part already shifted to privacy focused coins. The difference is that news outlets know that no one gives a shit if they refer to coins such XMR. Bitcoin generates traffic.
1846  Bitcoin / Press / Re: [2019-03-28] The Economist: Bitcoin revival unlikely.... on: April 07, 2019, 09:31:00 AM
Bitcoin also have a second layer solution that competes with other Alt coins with lower fees and it is called the Lightning Network.
I don't see it as competition at all because altcoins by default don't stand a chance against Bitcoin in that regard. The only thing altcoins have going for them is that they pump harder than Bitcoin. No one cares about their lower fees. People's end game is to convert back to Bitcoin and build their way up to being an elite holder of the future.

Bitcoin miners have two options to generate a income now, 1. Mining for the Block rewards and also transaction fees, 2. Hosting a LN node and gaining some small income from that too.  Cheesy
If miners end up dedicating their block rewards to Lightning it will even further reduce the availability of spot supply and inflate the price organically. I however don't think the largest farms (e.g. Bitmain, ViaBTC, BTC.TOP) will add liquidity to a layer that will combat their own business model.
1847  Economy / Speculation / Re: Bitcoin and Altcoin Prices on the Upward Trend on: April 06, 2019, 10:36:41 PM
Still this is the right time to take bitcoin as many you can and while you can before it skyrockets, there's a FOMO but as long as you know your position and bet with long term, you don't have to be emotional.

There is enough time for long term minded people to buy in. We still don't have a clear confirmation of a trend reversal, and as long as that isn't the case, it's not that bad of a decision to wait a little longer. In my book a confirmed trend reversal is when we firmly hover above the $6000 level. Serious people rather buy into something that has been going up steadily than something that technically is still quite bearish.

These very short term increases make get rich quick people so bullish, that a major red candle will shake them off their moon rocket. After that they will turn even more bearish than before the pump and potentially trigger them to unload their bags out of fear. A sub $4000 dump right now will be a brutal counter move.
1848  Economy / Speculation / Re: Bullish Bitcoin Technicals Thrills Analysts to Predict Next Leap Beyond $7,000 on: April 06, 2019, 10:02:27 PM
Recently BTC was predicted to get to $5000 by May, I almost saw it as impossible because if the way the market was behaving but before we got to the May, Bitcoin achieved the target value far before the stipulated time, so I don’t doubt its prediction with the positive behaviors of BTC we are seeing now.

Predicted by who? Self claimed experts who don't put their money where their mouth is?

---

The main challange of the year will be breaking the levels around $6000 that acted as support for such a long period of time. I don't see the price break $6000 any time soon, especially with how such an important level organically triggers sellers to dump. From the lows of last year to $6000 is almost a 100% increase, and from $4000 to $6000 is a 50% increase. Round percentage numbers that will tempt people to secure profits.

I am short right now, and will again short around $6000. This doesn't mean I will be in the profits for sure, but I at least put my money where my mouth is.
1849  Bitcoin / Bitcoin Discussion / Re: Can the centralization of Bitcoin mining pools be prevented? on: April 06, 2019, 09:31:19 PM
I know nothing about mining but I have to ask it.
What stops miners from switching to another pool? For example if people see that very soon blockchain will be centralized then they can switch to the other pool in order to save their money and investments.

Nothing stops miners from switching to another pool. Miners don't even care about blockchains being centralized. The far majority of the miners just focus on profitability, and when that's in their favor they'll mine any coin, regardless of its fundamentals or legitimacy.

Miners are so focused profitability that some of them allowed their hashrate to be used by Crack the Scammer Wrong and CoinGeek in an attempt to attack another chain and potentially double spend on exchanges, which just shows how rogue miners can be if the situation presents itself.
1850  Bitcoin / Bitcoin Discussion / Re: How will Bitcoin survive after all 21M coins have been mined? on: April 06, 2019, 09:06:50 PM
Don`t you think that it will be replaced by other blockchain platforms with more advanced technologies, and remain only as a historical relic?

Advanced technologies suck balls in the world of crypto. This isn't Silicon Valley where every new piece of tech overtakes the previous tech doing the same thing, but less efficient. Bitcoin's network effect is unmatched and pretty much equal to that of the USD in dominance terms. Everything in the world is tied to the dollar, just like how everything in crypto is tied to Bitcoin.

I have said it before and I'll say it again; if there is ever going to be a crypto replacing Bitcoin completely, then this whole space is fucked. Every coin people assume is safe will be taken over just as easily. Bitcoin is a completely different asset/tech/protocol. It's a revolution.
1851  Bitcoin / Legal / Re: Troll sent tx's with message "Child Porn" during 2012-2014 (check ur addresses) on: April 06, 2019, 08:45:09 PM
I remember a similar spam attack on people where a lot of older members received transactions from LaxoTrade. At first they were sending spam transactions without comments, and then suddenly they used vile words and no one knows why. Assuming it is an exchange, this is a horrible way of marketing yourself.

Ignore it. Use different block explorers and you're just fine. This is also why Lightning is a great improvement over the current address structure where everyone can send you a payment. If you want to pay me in Lightning, you need me to generate an invoice for you. This makes random spam useless.
1852  Bitcoin / Press / Re: [2019-04-04] This Bitcoin Price Rally is Masking a Serious Problem on: April 06, 2019, 08:35:11 PM
Something like new ETF rumors could boost the price, but there's already a strong fundamental in play - the upcoming halvening. The price will continue to grow in this year, maybe not too fast, but still we are entering the bullish territory now.

People are already over ETF rumors. It's known what the SEC's stance is when it comes to an ETF, and there is nothing that can change their mind this year, unless Bitcoin miraculously shows the kind of improvemente they are looking for, but that's not going to happen.

The block halving is what people and investors are focusing on because it's an event that's guaranteed to play out, and it has shown very generous returns in the runup to the actual event in the past. People however shouldn't expect a moonshot. 100-150% from $4000 is what I am aiming for in 2020 when the last 12.5BTC block is minted.
1853  Bitcoin / Press / Re: [2019-04-05] Bitcoin is #1 Trending on China’s Biggest Search Engine During 2019 on: April 06, 2019, 07:59:45 PM
Bitcoin trending #1 could just as easily mean that those who rekt themselves hard are looking for the price to later on dump. People tend to take everything as bullish news, while in reality it's just a very short term reflection of retailers aka dumb money to get excited.

There is no reason to get super bullish until Tether's supply moons, because that's the only way we can tell that new capital has entered the space. As long as Tether is hovering just over/under 2 billion tokens I would remain conservative. The same applies to other stablecoins. Get excited when their circulating supply shows growth significantly.
1854  Economy / Trading Discussion / Re: Short-term algorithmic trading strategies on: April 05, 2019, 10:21:01 PM
It's better to trade naturally, so we will learn to make various decisions. By itself, we have full power over what we do. Basically doing trading is a simple thing, we only need to sell coins that we have far more expensive than when we buy them. Let's think carefully and don't lose opportunities. Every trader has the opportunity to be successful, so let's do the best and we will achieve success together.

Humans 'naturally' can't put their emotions aside, which bots don't have to deal with. You have to look at charts, shift through the different hourly, weekly and monthly time frames, which takes a good while to figure out what's going on, while a bot knows what the state of the market is and execute plenty of trades in the process.

I think what you are referring to is more long term buy low sell high type of investing, which you indeed don't need a bot for, but you can do both buy low sell high investing, and have a bot do very short term trading, which due to the increasing volatility becomes more of an interesting option.
1855  Economy / Economics / Re: We need the large Over the Counter (OTC) buy orders on exchanges! on: April 05, 2019, 05:38:01 PM
Large buy orders will only hit spot exchanges when it's time for large accounts to start utilizing the lack of liquidity to pump their through OTC amassed coin stashes.

In the end, the availability of spot supply has gone down a lot already throughout the years, and this process will continue and even further accelerate during a mania where the OTC market is so dry, that the sellers start to demand premiums for their coins.

I have seen it locally where buyers were offering a 10% over spot premium just to get some coins and be part of the mania, and still it wasn't easy to find sellers with such an offer, because hey, why sell your coins for a 10% premium when the price can easily go up another 50-100% with how crazy the market was, and then you can still charge that 10% but now over a higher amount.
1856  Economy / Economics / Re: Hedge funds with public ROI? on: April 05, 2019, 04:29:50 PM
Crypto is far too risky for traditional hedge funds right now.  People are not going to put their life savings into an asset that has fallen 80 percent.

Hedge funds have proper risk management, therefore only allocate a very small percentage of the assets under their control to that what they believe has a relative risk to the down side, but major potential to the up side. In most cases these risky allocations are put into a financial product where people don't even know what it consists of.

People just want to see returns at the end of the day, and as long as they get that, they don't care what they buy into. Sure, there are always those who wants to stay on top of everything and only have exposure to the safer industries, but playing safe while Bitcoin is such a gem is quite a missed opportunity.

The main thing here is that traditional hedge funds warn people of the risks they are exposing themselves to, while crypto related funds have done nothing but paint a sunny picture as in the price will moon to $100,000 so get in while it's still $15,000. These funds should burn hard, and most of them did.
1857  Economy / Service Discussion / Re: yobit lost wallet btc on: April 05, 2019, 08:49:49 AM
friends friends one second please
yobit can be a bad company
but I had problems for the first time in 2 years.
bitcoin deposit and advcash
I use it for him.
I had no problem withdrawing money until that day.
the only problems are the poor customer service
I made btc
10 days btc stood inside
then suddenly disappeared
not in my wallet
I have no history
no investbox
yobicode not
no withdrawal
no place

It doesn't matter how many times you ran into problems using Yobit, the result is still that they pulled off a shady cheat. If there are no records of anything, and the funds vanished, it's safe to say that Yobit either purposely wiped out your balance, or there is a bug on their end being responsible for this.

Another possibility is that you invested in an altcoin and Yobit delisted it without you knowing, which usually means that it wipes out everything related to that specific altcoin and there is no way to get it back.
1858  Economy / Service Discussion / Re: Is anybody trading on LBC? on: April 05, 2019, 08:39:24 AM
Nope, PayPal's actually become a little bit more aggressive against cryptocurrency related transactions and digital goods and services in general from what I've noticed in recent months.

PayPal is such piss option. They are targetting even people buying/selling multiple GPU's without anyone mentioning the word mining. They blindly assume that people will use them for mining purposes and block accounts or freeze funds just because they can. It's retarded seeing people still use it. Even more retarded is that Coinbase is sucking them off to gain more exposure within the tight circle of legacy institutions.

Brian Armstrong once said that he wants to see Coinbase push crypto currencies to be used to reduce the power of intermediaries. We can see that. Roll Eyes
1859  Bitcoin / Press / Re: [2019-04-02]Bitcoin Trades Over $5,000, is the Next Bull Run Knocking? on: April 05, 2019, 06:51:51 AM
Makes me think about why CME isn't trying to get an ETF product approved. Maybe they understand that it's pointless to begin with.

That. CME CEO seems way more knowledgeable about this market and Bitcoin than CBOE and all involved crypto related parties such as the WV twins and SolidX. It's all about making money for CME, which means that if there was a realistic chance to have an ETF go through, they would go for it in an attempt to outplay the CBOE, which they don't.

CME has had enough time to sit back and watch how the CBOE and SolidX were facing disappointment after disappointment. No way they are going to get themselves involved in that. Not really a good thing for your reputation to see the SEC crush your proposals time on time again. It's way easier to watch your competitors do the effort and fail so you know how to get things done the right way when the time is right.
1860  Bitcoin / Press / Re: [2019-04-04] Hacked Bitcoin Exchange Bithumb Tells Traders to Halt Deposits on: April 05, 2019, 06:28:28 AM
Inside Job is a Centralized Concern

“Internal embezzlement” is the fundamental risk with centralized exchanges, of course. Just as banks and armored vehicles are never entirely safe, keeping millions of dollars within reach of humans will always present the risk of fraud. In this case, the attacker, who is roundly believed to be a Bithumb employee, chose not to take from the customers. But it’s certainly imaginable that he or she could have.

https://www.ccn.com/hacked-bitcoin-exchange-bithumb-tells-traders-to-halt-deposits

Banks have proven to be way safer than all crypto exchanges combined when it comes to fund safety. It's pointless to compare highly regulated financial institutions to crap coin exchanges being operated by a bunch of greedy con artists.

There are no clear regulations and oversight on how exchanges actually store their funds, and who can access these funds and who doesn't. The more transparency there is, the less incentive rogue employees have to attempt inside theft.

I'm glad that with Lightning becoming more of a thing instant fund swaps are coming closer too. Perhaps that this will help making decentralized exchanges more attractive, because they lack in the speed area right now, which people understandably see as a problem.
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