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18481  Economy / Speculation / Re: kwukduck's schrödinger cat on: January 30, 2017, 05:26:42 AM
the thing about KooKoo that you need to know is that he is either an idiot who always starts spreading FUD and calling the dead cat and his famous $100 crash because he wants to create panic sells and make some money with his short term trading.
or he is simply getting paid to spam on the forum at times like this.
18482  Economy / Trading Discussion / Re: How is trading *not* gambling? on: January 30, 2017, 05:13:51 AM
They have some similarities like you have to take a risk in order to gain something ~~

there is absolutely no similarities between gambling and trading apart from the word "risk" and that is just a word. in deeper levels, the type of risk involved in these two are completely different.
in gambling the risks are unforeseen and very high and in one word dumb but in trading you can predict the risks and measure them and act accordingly. although there are some unforeseen risks there too but they are very small.
18483  Economy / Economics / Re: Why Doesn’t Western Union or Moneygram Use Bitcoin? on: January 30, 2017, 05:07:43 AM
none of them care about bitcoin. it is like saying why a big fast food restaurant franchise like McDonald don't care about a food cart two blocks over selling hot dogs to random people on the street. and right now bitcoin is like that food cart and has small capacity too (block size or TPS limit and also adoption) but unlike that food cart it has lots of potential to grow much bigger.
18484  Economy / Speculation / Re: Is Mass Adoption even possible.. on: January 30, 2017, 04:59:28 AM
Cryptos are almost like stocks and most people have no interest in learning stocks even though the stock exchange is trusted platform.

Thoughts?

bitcoin is different than stocks, you can't spend stocks or a portion of a stock (paying for coffee with $1 worth of stock) but you can do that with bitcoin.

and that is a big difference already in my opinion.

and as (mass) adoption goes, i believe we will see it someday or at least a version of it. certainly not every single person will use bitcoin but it can reach a level of adoption that you can at least see it in almost all of online shops and many offline ones.
18485  Economy / Economics / Re: Can Bitcoin be created by Russia or China? on: January 30, 2017, 04:50:43 AM
Can Russia or China done such a thing to erase the dominance of the dollar over the world?

Generally, there are always governments behind such technologies. For example, StuxNet

what is this? another one of conspiracy theories that we need to wear our tinfoil hats to read?
if Russia or China created bitcoin they would have been mining it from day one and never let the majority of hash power exit their country and certainly would never let other people in the world buy bitcoin and become whales.
like altcoins with premine and other scams to control the whole number of coins.
18486  Bitcoin / Bitcoin Discussion / Re: how to explain bitcoin advantage ?? on: January 29, 2017, 05:44:26 AM
I am.thinking to start my own site
1) for bitcoin faucets
2) bitcoin news
but it needs much amount of money , I think it takes about $50 to start at its best .
~

you can't because from your post it is clear that you don't know the first thing about bitcoin advantage. and what you want to talk about has nothing to do with bitcoin and its advantage or disadvantages!

you are asking for money (from someone else, your brother or anyone) which means you should talk to them about how your business (website) can be success (which if you as me it can not be). if you can convince them that your website is profitable then you can hope for them to give you money!
18487  Economy / Economics / Re: John McAffee: "In 2 years Years btc will only have 25% of the Crypto MarketCap" on: January 29, 2017, 05:40:46 AM
the thing about marketcap is that it has no meaning when it comes to cryptocurrencies Cheesy
so yeah if bitcoin has 0.00000001% of the whole marketcap or if it has 99.9999% of it, there is no difference. bitcoin is still on top of all other cryptocurrencies with a huge landslide.

it is simply because what makes the marketcap of altcoins go up is their number of coins available. and that is just a number without much meaning. if you check ethereum and coins like ripple and doge for example you can understand what i mean. they have no real usage, and yet they have huge market cap only because they have large number of coins.
18488  Economy / Trading Discussion / Re: Auto Traders on: January 29, 2017, 05:22:24 AM
Can you post further details here?

see his last active date in his profile, he posted this and disappeared asking for only personal messages so he can reply with email. and here is what is going to happen:
first he will promise you a legitimate 0.5% profit per day
then he will give you a link to download a file and as soon as you download that file then that is it he makes profit by stealing your coins, this can be either a trojan, key logger, or simply stealing your exchange API keys, or even infect you with a virus such as the ransomware.

with that said i reported this topic 2 days ago i am surprised nobody took any action against it!!
18489  Bitcoin / Bitcoin Discussion / Re: Heading for a brick wall. SegWit failed. on: January 29, 2017, 05:14:48 AM
Rarely the bitcoin blocks reach anywhere close to 1mb, the big delays usually happen because the miners are greedy and want to make people pay higher fees, even if the transaction reward by block is far lower than the 25 reward of mining
When you're going to lie about something i recommend you do it about something that's not so easily checked by people...

For the last 1000 blocks (blocksize in bytes)
Mean   882,942
Median   927,633
Mode     998,640

that is right and they are spamming the shit out of the network or have you forgotten that blockchain is a public ledger that everyone can see and find out any shenanigans on it?
here is one of many addresses involved:
3DFxwfbPhPcqwXDKAZs83pWGuwasYKqdyR
18490  Bitcoin / Bitcoin Discussion / Re: Definitive PROOF that Satoshi Nakamoto is about to be exposed because ... on: January 29, 2017, 04:55:40 AM
Does it really matter who she is and does anyone REALLY care anymore?

as a bitcoin enthusiast i don't want Satoshi identity to be revealed because it is the proof that anonymity can be achieved with bitcoin too.

but topic of Satoshi has always been important to two groups of people
1) shit news sites to post click bait
2) FUDsters to scare people with Satoshi moving his big stash!
18491  Economy / Web Wallets / Re: How many confirmations does it take? SMH coinbase.... on: January 29, 2017, 04:48:24 AM
by the time i am typing this there has been 450514 blocks mined so there can only be that many confirmation (minus 1 because of genesis i think) and you have to be the first transaction in bitcoin blockchain Cheesy

this is a bug they report because of the unconfirmed status of your transaction, it may be an arithmetic overflow so it goes over reporting at the other end. like assigning 2,147,483,647+1 to Int32
18492  Economy / Service Discussion / Re: Cloud mining experiences on: January 29, 2017, 04:40:22 AM
have i ever invested? yes
which? GHASH.IO (from cex.io exchange and they have stopped their mining long ago)
when? 2014
profitable? yes because of trading GHS
ROI? terrible from mining because of fees
is there any legit today? with 99.9% certainty NO
if you found one (0.1%) legit it is 100% not a good investment.
18493  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2017, 05:06:23 AM
No more 800's I guess?

If  somewhere are those stolen coins from bitfinex. ...then 700 $ is coming! Smiley

haha, bitfinex is old news now and even of the coins move for real there is just no way such an old fake news can create enough panic for a $220 drop.

the most you can hope for is $850 and that is the worse case scenario!
18494  Economy / Trading Discussion / Re: How much BTC is required for trade? on: January 28, 2017, 05:00:53 AM
The minimum amount you can trade on a single order is 0.001Btc. That is a very small amount and can be easily afforded by newbie traders. You can try trading and see if it fits you. You can increase that amount as you get better or comfortable with your trading style. Never rush in trading large amount, you will get there someday. What is important is to have a solid trading foundations.

the minimum amount of bitcoin to start with is different based on the exchange service you are going to use. in some exchanges such as cex.io you need at least 0.01+ bitcoin to make an order and cover the fees. and this doesn't include the transaction fees. and the smallest size of order that i have ever seen (was 1 satoshi on cex.io 2-3 years ago but now) is 500 satoshi on cryptopia which is an altcoin exchange site.
18495  Economy / Economics / Re: 51% or more concentrated in China, which is a hidden trouble? on: January 28, 2017, 04:44:58 AM
51% or more concentrated in China, which is a hidden trouble?

first educate yourself meaning learn what a 51% attack is
https://bitcoin.org/en/bitcoin-paper
https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power (read the can and can't)

then learn what a pool is and what is the difference between a pool and a mining farm. then do your research to find out if all the 51+% hashrate is in hands of one person, multiple persons, in one place or all around the world, and if all the hashrate connecting to those pools come from one country and how many people are actually owning the 51+%

then we will talk.
18496  Economy / Speculation / Re: Cashing out.... on: January 28, 2017, 04:37:38 AM
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.

Or there could be high frequency traders that can't trade anymore because of the fees, so they are cashing out.

The market seems to have shrugged off the news about fees on Chinese exchanges, like water off a duck's back.
Price has actually increased (albeit not much) post the news.
The price of bitcoin is good, though the Chinese exchanges experienced a collapse. This doesn't look to be the proper time to cash out. The price is expected to increase as everyday some difference in price can be felt.

there is no collapse anywhere!
what is happening with Chinese exchanges is that they have added 0.2% fee to their trades which eliminates lots of trades because of it being less profitable to short and also they removed their margin trading which also eliminates lots of trades so volume dropped down.
18497  Bitcoin / Bitcoin Discussion / Re: John Nash created bitcoin on: January 28, 2017, 04:30:38 AM
with Craig Wright claims to be satoshi and the way many newbies, unaware of how bitcoin works, believed him and how the public media such as big news agencies (other than shitty bitcoin new sites) believed the story i expect more and more people come out as being Satoshi candidates either by themselves or by others after the fact.
18498  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Trump on: January 27, 2017, 06:31:16 AM
at the very least he seems to be supportive of bitcoin and not too aggressive against it, specially with his picks.
also many these days are saying he will wreck US economy and that can be a good thing for bitcoin because in times like this people seek out investments and what is better than bitcoin in a situation like this.
I have never seen any president who hate Bitcoin. Therefore, we do not know whether TRump support Bitcoin or not. In my opinion, I think that he does not even care what Bitcoin is. IN fact, according to some news and information, he does not even use mail or some modern technologies. He rather working with paper and paper

but we know he is somewhat supporting bitcoin (https://bitcointalk.org/index.php?topic=1724618.0)
have you seen his budget chief, Mick Mulvaney? he is a supporter of bitcoin, he loves bitcoin and gold.  and at the very least they will have a more favorable stance towards bitcoin and that is good for the future of this currency.
18499  Economy / Economics / Re: On what way would you know that your investing on the right business? on: January 27, 2017, 06:26:14 AM
simple: if the business is giving you good amount of profit!

if it is someone else's business, you research about their past and their business to see if it is good, and if they have a good plan and invest.

and if it is your own business then it is a bit different because your business idea is the most important part of it. and then the persistence and how much you work on it is the other important half.
18500  Economy / Gambling discussion / Re: Gambling Investment Doubt on: January 27, 2017, 06:14:36 AM
For how much time do you usually let your money invested in a casino before finish or renew it?

if a casino investment is bad and not profiting then you should never keep it for even one second there. but in case the investment is giving you profit then keep it there as long as the casino is running smoothly, you just take out the profit and let the initial amount remain there.
and also remember that most of the times the profit comes in the long term because how house edge works but also since it is gambling a whale can win big and you lose money.
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