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21  Economy / Economics / Re: Disrupting Wall Street on: October 03, 2017, 01:17:54 PM
I've started recently reading A LOT about blockchains and cryptocurrency. Do you really think that this is the technology that will finally disrupt Wall Street?  After China and South Korea banned the ICO's (and cryptocurrency in China) I am still sceptikal. What do you think and how can we achieve it faster?

Wall street is already considering buying Bitcoin:

http://www.zerohedge.com/news/2017-10-02/goldman-shuns-jpmorgans-dimon-plans-bitcoin-trading-operation

As you see, their interest is obvious. Jamie Dimon can say whatever he wants, meanwhile Morgan Stanley and Goldman Sachs are showing clear evidences of being bullish on bitcoin. They know they can't ignore this or else they will look like massive idiots in 10 years and probably bankrupt as well.
22  Economy / Speculation / Re: Price BTC after SegWit2x? on: October 03, 2017, 12:37:15 PM
Before November, Bitcoin can reach $5000 and may fumble a little before fork. Therefore, Bitcoin will be hovering over $4800-$5200 before November. After the fork, if everything goes well and there is no drastic chain splitting. Price will boost amd might touch $6500-$7000 by end of the year. If some drastic chain splitting takes place, price might stay at $5000 only.

Im just hoping that the #no2x movement keeps gaining traction. We got a bunch of people on board with a lot of BTC ready to dump on the segwit2x/bizcoin chain, including Trace Mayer, Charlie Lee and a lot of other whales.

We also got the support of almost everyone twitter, this is important because it shows the common user that isn't part of a corporation doesn't want this bullshit.

Remember to put [no2x] in front of your twitter handle and remember to write to all of the exchanges that are supporting this to stop supporting it and threat them with never depositing any money there again.
23  Economy / Speculation / Re: Financial collapse means Bitcoin boom? on: October 02, 2017, 03:58:20 PM
Tomorrow Catalonia will try to vote for independence, and Spain will try to stop them (looks like they might get violent).

IF the Catalans vote to leave and declare independence, then all hell will break loose, and we might see a flight to safety towards bitcoin. It depends entirely on how ugly it gets.


Im surprised to not see any threads about this. If they actually go through with it and declare Independence unilaterally, it could cause a lot of problems. If it becomes an international problem outside of Spain, it could escalate quickly to an European crisis, in this sense, BTC could become a very strong safe haven, as it always is thanks to Bitcoin being a neutral store of value/currency.

Have you seen the news? The Spanish police are attacking civilians, and the Catalan firemen have come out to try to protect civilians from the Spanish police. Rubber bullets have been fired and over 300 injured.

Because ballot boxes are being snatched by the police, they'll probably not be able to count the ballot - but I wouldn't be surprised if the Catalans just said, "Eff this, we're declaring independence". If they do, they are out of the EU and the euro might be in trouble (as Spain is a eurozone member). It should in theory make the bitcoin price rise as it is an independent store of value.

It for sure will go up if that happens, but Catalonia wouldn't be recognized by anyone with political and economical weight which is why they are better off in Spain, and I see it as very unlikely that their politicians are stupid enough to go on with this. The polls are weak, there isn't a clear majority of people that want to leave. It would be a mistake for them to keep pushing this nonsense. They wouldn't be any more free and they will not enjoy being part of Spain which is a recognized place. Most people doesn't know where Catalonia is compared to Spain. Their politicians would also be responsible for causing a civil war by declaring a republic over a weak referendum. The rest of people that want to remain in Spain aren't going to sit down and watch as this unfolds. I hope a peaceful solution is achieved.
24  Bitcoin / Development & Technical Discussion / Re: Fork November: Ledger wallet in "Legacy" or "Segwit" to get free coins? on: October 02, 2017, 02:38:58 PM
No need to do that. Segwit2x is not disabling segwit.

Right, so when a fork also has segwit and you have your coins in the format that begins with 3 (not sure how this is called) or the bc1 format, you will receive the coins just OK on the other chain in the same addresses. Well this is good to go, but for long term storage and to receive coins of forks that may not have segwit i think its better to store them in legacy format. For example I think Bitcoin Gold has no segwit.


No, that will probably confuse the btc1 client. You should make and have a backup of your wallet.dat before you moved your coins and use that backup with the btc1 client after the fork.

Well I didn't exactly mean move, I meant to make a copy and paste it on the other folder. Let's see if this is the fixed full version:

1 ) Get all of your coins in legacy format addresses (the ones that begin with 1 that is) but if the fork supports segwit then you are good to do with segwit addresses too
2 ) These keys must be ideally in a full node of the legacy chain (so Bitcoin Core will do)
3 ) Wait for the split to happen
4 ) Split day is here, you received the same amount of coins you are holding on the forked chain (in this case segwit2x chain, but Bitcoin Gold chain or whatever also when it happens)
5 ) Make a backup of your wallet.dat elsewhere on another folder in several places just in case
6 ) Shut down Bitcoin Core and delete your wallet.dat
7 ) Open Bitcoin Core again and now you have a brand new empty wallet
8 ) Create new receiving addresses (use coin control to know how many addresses you will need to retain privacy)
9 ) Put these addresses in a .txt file
10 ) Close Bitcoin Core
11 ) Now rename this wallet.dat to emtpywallet.dat or something
12 ) Put back the wallet.dat that actually has your coins
13 ) Run Bitcoin Core again
14 ) Send your coins to the created addresses
15 ) This now empty wallet, is the one that you should move to the btc1 client or whatever other fork to access your coins
16) Open btc1 client and once btc1 client is synced you will see the coins, now you are free to send them to an exchange and dump them for the real BTC
17) Now close btc1 client and open Bitcoin Core again with the wallet.dat where you moved the coins
18) Create receiving addresses there and send your free BTC coins from the exchange where you dumped 2xcoin for BTC
19 ) Profit!!!

wow this gave me an headache, but I think its correct.

25  Bitcoin / Development & Technical Discussion / Re: Fork November: Ledger wallet in "Legacy" or "Segwit" to get free coins? on: October 02, 2017, 01:24:47 PM
Ok so from what I've gathered and please someone confirm if this is correct, this is how you get ready for a hardfork:

1 ) Get all of your coins in legacy format addresses (the ones that begin with 1 that is)
2 ) These keys must be ideally in a full node of the legacy chain (so Bitcoin Core will do)
3 ) Wait for the split to happen
4 ) Split day is here, you recieved the same amount of coins you are holding on the forked chain (in this case segwit2x chain, but Bitcoin Gold chain or whatever also when it happens)
5 ) You move all of your coins to other addresses in the legacy chain
6 ) Your wallet.dat is now empty
7 ) Move this empty wallet.dat into a full node client of the forked chain
8 ) Once you sync it, your coins will show up there
9 ) Now you are in full control of the coins on both chains and you can send your segwit2x/BCash/Gold/whatever fork coins into an exchange and dump for free real BTC
10 ) Profit!!!
26  Economy / Speculation / Re: Do you think China has halted the pace of bitcoin reaching new high?? on: October 01, 2017, 06:12:41 PM
The price was obviously halted due China scaring investors away with their usual banning bullshit, but the good news is, bitcoin showed to the world it's capacity to recover from threat in an amazing fashion. We are now past far above $3000 and in fact we have people dreaming with another double bottom to try to get cheap $3000 coins. The good news for the hodlers is, the MA has recently crossed and this is extremely bullish when it happens in the 1day candle chart. I have finally become bullish on the 1 day candle too. Let's hope we are at all time highs this month, I think it's very realistic to hit $5000+.
27  Economy / Economics / Re: The Great Reflation Is Underway on: October 01, 2017, 04:05:50 PM
If the so called elites are buying bitcoin instead of banning it, it just makes already rich bitcoin whales (which have pro-crypto agendas) richer. The amount of BTC they would need to buy is simply too high.

They can't do that much beyond causing price crashes with bans, and we already saw how that played out for China. We are about to hit an all time high after China basically banned all exchanges, think about that again.

All they can do with bans is temporal price crashes which will get bought up again, restoring confidence since the more times bitcoin resurges after bans, the less effective said bans are. This is why the market has not reacted at all at the South Korean ICO ban and Swiss ICO ban. Once you do it once, the next time is not interesting for the market, so the next time exchanges are banned somewhere else, it will be the same. You simply can't stop this at this point, pandora's box has been opened. Get in and get yourself a strong bitcoin position or be lefit behind, no other options.
28  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fork 2 ? on: October 01, 2017, 03:12:26 PM
Hopefully everybody receives the free airdrop, cashes a bit into fuat to enjoy & pumps the rest into bitcoin just like last time which will make the price of bitcoin rise. I still haven't claimed by BCH yet but plan to this week.

Don't cash out anything into fiat. The point is to dump the fake bitcoins to get more bitcoin and crush the price on the fake bitcoins while increasing your real bitcoin stack. If you own 1 BTC, now you will have a nice extra (I predict around 0.1 BTC given BCash prices if you get lucky). So 0.1 BTC is hard to make these days, I would save it in cold stare with your main stack.
29  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fork 2 ? on: October 01, 2017, 02:41:26 PM
First Cash, Now Gold? Another Bitcoin Hard Fork Is on the Way
is it TRUE?

what is this "Gold" that people have been talking about (and by people i mean brand new accounts like yourself making new topics).
all i could find that was closes was BitGold which is pretty old and it was nothing interesting at all.

so if you have any information please share it with proper links here

If i'm not mistaking it's just an altcoin that wants to ride on bitcoin's success by using bitcoin's name and just attaching "gold" at the end.
I can't find the website in my browser's history, but if i'm correct, it's an alt that switched to an algo that is currently only cpu/gpu minable.

It is an altcoin, but it is ultimately a bitcoin fork, which means it's not just some altcoin you are not related to as a bitcoin holder, because you are going to be receiving free coins. Some people like to call it "bitcoin dividends". Whatever, the point is, as a real bitcoin holder, you will get free coins in all these altcoin forks (Gold, BCash, 2xCoin..etc). You just need to dump them for free real Bitcoin, is that easy.
30  Economy / Economics / Re: Is an economy without physical money safe for the poorest? on: September 30, 2017, 02:29:48 PM
Imagine the situation in which we don't have any physical money and every currency is digitalized. The US dollar is now a token, the Japanese Yen is only in the network and the British pound is a fast-moving digital coin. What are the consequences of such an economy for the poorest of the population? Do you think that a few people can influence the digital wealth of people and wouldn't hackers be the best people to have as friends?

Most people out there can't even reach the end of the month with enough money to call yourself other than surviving, so what people do is work under the radar for cash. This is common in people that have some sort of skill like computer skills (offering repairs), language skills (offering classes), construction skills (offering fixing your bathroom or whatever).. and the list goes on and on.

Most people just can't afford paying every tax that there is otherwise they wouldn't be able to comfortably reach the end of the month, and going from paycheck to paycheck while you rot inside your bedroom because you have no money other than paying taxes, food and bills sucks and you would rather be dead than live that life, so I understand why people resort to working for cash away from the government stealing all of your money.

But once governments get rid of cash, Bitcoin will be the way to keep doing this for the people that need to, which means the price will skyrocket.
31  Economy / Speculation / Re: Financial collapse means Bitcoin boom? on: September 30, 2017, 01:15:41 PM
Tomorrow Catalonia will try to vote for independence, and Spain will try to stop them (looks like they might get violent).

IF the Catalans vote to leave and declare independence, then all hell will break loose, and we might see a flight to safety towards bitcoin. It depends entirely on how ugly it gets.


Im surprised to not see any threads about this. If they actually go through with it and declare Independence unilaterally, it could cause a lot of problems. If it becomes an international problem outside of Spain, it could escalate quickly to an European crisis, in this sense, BTC could become a very strong safe haven, as it always is thanks to Bitcoin being a neutral store of value/currency.
32  Economy / Speculation / Re: Bitcoin Will Reach New All Time Highs Just Before The Segwit2x Fork on: September 30, 2017, 12:44:55 PM
Quote
Therefore, before the snapshot most Bitcoin users will be taking their coins off of exchanges and parking them in wallets where they have access to the private keys. This results in less Bitcoins on the exchanges to be sold and therefore in less downward pressure than normal.

But will it not also make the traders more cautious and take the stance of "wait and see" before they make their move on the market? I believe that trading will be very stagnant right before the hard fork. If I was made to guess in what direction the market will be, it would be down.

Quote
Even those that want to sell now (or in the near future) will likely be parking their Bitcoins, because the Segwit2x is effectively free money. The result will be the same amount of Bitcoin Core tokens and Segwit2x tokens. Although it is unclear as to which token may be the victorious in the fight for the rights to carry forth the Bitcoin flag, one thing is clear... both tokens will certainly not be worthless. Guessing who will be victorious in the battle is unclear anyways.

Without replay protection both "tokens" will be continued to be "parked" in their wallets. I also believe some will trade some of their Bitcoins for more promising altcoins.

Solid points, and I agree... I could see the market going down up until the fork too. I do not claim to be able to tell the future. My speculation is just that... speculation.

I had not thought about the Bitcoins being parked for an unknown amount of time AFTER the fork if there is no replay protection. Very good insight there, that will definitely effect the market.

Thanks. May I ask what your position is on the hard fork to Segwit2x/btc1? Are you for or against? Your blog post makes me think that you are for Jeff Garzik and the Silbert Accord.

If you are for Segwit2x then what are your thoughts on Jeff Garzik's refusal of placing replay protection?

Jeff Garzik is insane. He wants to get rid of the original chain and then claim segwit2xcoin is BTC. He is another power drunk developer that thinks users=bribed hashrate and bribed fiat exchanges.

I hope that we get enough hashrate for the whales to dump on segwit2x chain and destroy the price, otherwise we are going to see Bitcoin get took over by corporate fiat CEOs and at that point it's pretty much dead.
33  Economy / Speculation / Re: Financial collapse means Bitcoin boom? on: September 29, 2017, 10:12:11 PM
Somebody explain to me why a system that can't even handle low volumes like we have now would boom?

Something that solves a problem can boom. Bitcoin can't even handle current transaction volume, which is like 0.00001% of global transactions.

People aren't even using bitcoin to complain about capacity problems, as exposed by the research on mempool spam:

https://bitcoinmagazine.com/articles/curious-case-bitcoins-moby-dick-spam-and-miners-confirmed-it/

Nobody is even using bitcoin anywhere enough to demand a rushed hardfork that would put incompetent developers in charge of the main branch coupled with a price crash. Jeff Garzik and the rest of NYA signers will be responsible of billions in loses. They should run for cover.
34  Economy / Speculation / Re: Bitcoin prognosis on: September 29, 2017, 04:33:22 PM
If there is some important CEO saying that bitcoin is a scam or worth nothing it may fall, but will always get up, that's the beauty

CEO of what? From time to time people trying to beat the price by talking that BTC is scam. It is free market and open source code, so everyone who have brain know what that mean.

After this last hard fall to $3000 i'm sure there is no way to repeat this price. The worst what can happen is $3500 - $3600

I guess he is talking about Jamie Dimon (CEO of JP Morgan) saying how Bitcoin is a fraud.

We've had Wolf of Wall Street himself saying recently that Bitcoin was a fraud too. A lot of people seem to want to get their personally timed dip to buy at the right time. Too bad it didn't work for Mr Belfort because the price is going to $5000 in a matter of days now.
35  Economy / Speculation / Re: Bitcoin Will Reach New All Time Highs Just Before The Segwit2x Fork on: September 29, 2017, 03:41:17 PM
Yeah, duh? another free shitcoin for each bitcoin you have to dump for more real bitcoins - YAY!

And we will have 3 coins with "bitcoin" in name. Bad stuff.
Hope that this will be resolved with no more creating another "BITCOIN" close or attempts to be better then bitcoin.

Final is bitcoin is one everything else is altcoin.

Last time I checked... there's only 1 Bitcoin. I don't understand why some people pretend Bitcoin Cash is a second Bitcoin. Why aren't they counting Bitcoin Dark, Bitcoin Plus, Bitcore and so on? And what about the up and coming Bitcoin Gold?

Stop falling for propaganda. There is never going to be two Bitcoins. The problem with segwit2x is that these bastards are trying to kill the legacy chain. If they really wanted to compete, they would just fork and add replay protection and become an altcoin like Bitcoin Cash, but they pretend to take over the real Bitcoin. This is dangerous for anyone involved on that, I don't think the real Bitcoin whales are going to like that.
36  Economy / Speculation / Re: BTC new Era or Just bubble? on: September 29, 2017, 03:05:09 PM
BTC new Era or Just bubble? - What do you think about it)) Many people invest a lot of fiat currency and hope that it will give them profit but they cant pevent if somesthing unpredictable happen. What do you whink about it ?


The ban on China clearly represents a new era, the post-Governmental ban on Bitcoin era, and it is obviously a very bullish one, since it means we have recovered from the ban of the allegedly biggest player on Bitcoin.

If we can survive that, im certain we can survive anything. CEO of JP Morgan also got proven wrong once again, and was caught buying the dip.

Holders win another day.
37  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I have 250 ETH, Hold or SELL? on: September 29, 2017, 02:27:54 PM

ETH is only "stable" as long as the current ICO frenzy lasts.
As soon as people realize that they invested in scam projects or the dumb money
stops flowing in the ICO bubble will burst.

When this happens Ethereum´s only real use case will be gone, which will
crash the price.

Recommending ETH as a stable coin is therefore a ridiculous proposition -
especially if you look at a yearly chart and see that it has already multiplied it´s value
this year and is probably overvalued.

i see this different. It is a fact that 90% of the Applications build on top of it for now are crap.
BUT if there are just a handfull good ones then the Project suceeds !
compare it to the .com-bubble, where 99% of the firms died, but giants like Amazon and Google emerged.
The real use case for Ethereum is not ICO-crowdfunding, it is building a plattform for DAPPS to operate.

The original idea was that smart contract apps would be designed on top of the Ethereum blockchain, but the biggest use of Ethereum is ironically issuing ICO tokens, and not much else. What other interesting smart contract apps have you seen that have been a success? Because I don't know a single one. The only thing I know is that tokens are getting issued everyday on the ETH blockchain and this is increasingly bloating it to absurd levels, to the detriment of holders trying to make transactions.
38  Economy / Speculation / Re: Financial collapse means Bitcoin boom? on: September 28, 2017, 03:00:24 PM
Well the thing that made bitcoin mainstream in 2013 was the Cyprus crisis, where the EU forced a bail-in where customers savings were seized to bail out teh banks. Even businesses which had their payroll money in their current account to do their monthly salary run, found their money being confiscated.

The EU has now made bail-in rules the norm, and the customers of an Italian bank were also wiped out. Naturally that makes people want to hold their money in a form the govt can't steal.

Cyprus was a nice sign of the neutral position of Bitcoin being an ideal safe haven above gold. Gold has been underperforming and not rising when it was supposed to go up during times of uncertainty. Only recently gold has been going up. Goldbugs (usually the ones that sell gold) are now saying that gold is going into an all time high and crypto will go down. Honestly I doubt it. They are just trying to sell you their gold.

Bitcoin continues to shine and prove all the haters wrong. We are going to be at $5000 soon. There will always be reasons for Bitcoin to go up. It's the wonders of being a global, decentralized, neutral asset.

Back then I am also fond with gold because of it's value and really want to invest in buying golden jewelry then when I was needing money I would just went to a pawn shop to lent money by leaving Gold jewelry as collateral, that was the value of gold back then and you can get money at a high price, but yes I think bitcoin is a great investment right now and it keeps on increasing it's value but I think when fiat would go down Cryptocurrency is here to stay.

I think gold is nonsense at this point. You can buy and hold as much gold as you want... so what? not only the price doesn't outperform bitcoin, but the fact that it is literally impossible to cross a border with your wealth renders gold a pretty useless edge against your government turning against you, or any other reason you would need to have a neutral asset to defend against countries screwing up your wealth.

I can't find anything that beats bitcoin to be honest.
39  Economy / Speculation / Re: Financial collapse means Bitcoin boom? on: September 28, 2017, 02:01:41 PM
Well the thing that made bitcoin mainstream in 2013 was the Cyprus crisis, where the EU forced a bail-in where customers savings were seized to bail out teh banks. Even businesses which had their payroll money in their current account to do their monthly salary run, found their money being confiscated.

The EU has now made bail-in rules the norm, and the customers of an Italian bank were also wiped out. Naturally that makes people want to hold their money in a form the govt can't steal.

Cyprus was a nice sign of the neutral position of Bitcoin being an ideal safe haven above gold. Gold has been underperforming and not rising when it was supposed to go up during times of uncertainty. Only recently gold has been going up. Goldbugs (usually the ones that sell gold) are now saying that gold is going into an all time high and crypto will go down. Honestly I doubt it. They are just trying to sell you their gold.

Bitcoin continues to shine and prove all the haters wrong. We are going to be at $5000 soon. There will always be reasons for Bitcoin to go up. It's the wonders of being a global, decentralized, neutral asset.
40  Economy / Economics / Re: Morgan Stanley on: September 28, 2017, 12:00:54 PM
It's very convenient to see this thread pumped, because I have the opportunity to post this here now and compare it to what they were saying a couple months back:

https://www.bloomberg.com/news/articles/2017-09-27/bitcoin-more-than-just-a-fad-morgan-stanley-ceo-gorman-says

Quote
Not every Wall Street bank chief is bearish on bitcoin.

Morgan Stanley Chief Executive Officer James Gorman takes a more measured view on the cryptocurrency than crosstown rival Jamie Dimon, the JPMorgan Chase & Co. head who earlier this month called it “a fraud” that’s in a speculative bubble worse than tulip bulbs.

Bitcoin is “certainly something more than just a fad,” Gorman said Wednesday at an event held by the Wall Street Journal. “The concept of anonymous currency is a very interesting concept -- interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that.”

As you see, these bastards will change their opinion just like they change clothes. Chances are they want you to sell and buy at will in order for them to profit.

You know the drill: Buy and hold. The banksters don't know anything about Bitcoin.
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