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21  Bitcoin / Bitcoin Discussion / Re: How much of your wealth is in Cryto/Bitcoin? on: March 17, 2017, 11:00:23 AM
as we speak i have close to 30% of my total wealth locked in bitcoin. it was far lower in percentages a year ago, but due to the increased price, the wealth i have locked in bitcoin has greatly outperformed my regular fiat wealth in terms of growth. i am proud to say that i am a happy holder at current levels. i haven't even cashed out a single satoshi this year. i am just holding to see where we are heading to.
22  Bitcoin / Bitcoin Discussion / Re: ETH connected with MLM while Bitcoin losing on marketcap share on: March 16, 2017, 12:33:28 PM
Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.

Ethereum may become the dominant currency in the coming years.

you clearly don't understand what the purpose of choosing altcoins is. bitcoin isn't an asset that can increase in value like 3-4× within a very short amount of time due to its size. and that's exactly why altcoins are a preferred option for whatever 'high level' scam artist. what matters for them are the profits, and that's it.
23  Economy / Economics / Re: Reason why you should Buy bitcoin now on: March 15, 2017, 10:54:41 AM
Yeah I think I agree with you point of view. Already have thought of it and started storing of bitcoins!  Wink if the survey really reached out such institutions and IBM is to say 66% of them will implement blockchain technology then it is a sort of guarantee or clue for miners like us to get more BTC. :-)

you ignore one very important bit of information. it's not bitcoin's blockchain that they will implement if it ever comes that far, but a centralized version they themselves came up with. this in no way will have whatever impact on bitcoin. so don't count your profits already. Wink
24  Bitcoin / Bitcoin Discussion / Re: To speed up transaction via fiat money is a Shame for Bitcoin on: March 14, 2017, 10:13:42 AM
As more blocks are filling up, not all transactions can be included in the blockchain straight away. As a result, mining pools revealed a transaction accelerator platform where RMB are charged to make transaction confirmation faster.  This is so ironic considering RMB is legal currency and bitcoin is decentralized.
READ more about this story at:

http://news.8btc.com/mining-pools-should-increase-blocksize-to-make-bitcoin-great-again
Yeah, i had to wait for around six days for my transaction to get confirmed due to low fees.The main feature of bitcoin,low transaction fees has been compromised.Here after, bitcoin might be liked for its other salient features and not for low transaction fees any more.

sorry, but i find it very hard to believe that you had to wait six days for your transaction to get confirmed. nodes won't re-broadcast transactions that have almost zero chances of getting confirmed for several days in a row. or you have a node running where you are pushing that transaction constantly to the network yourself. but i doubt that.
25  Economy / Economics / Re: china will no longer able to control bitcoin market??? on: March 14, 2017, 09:27:42 AM
china has never been fully in control of the market. it was looking like that because of their insanely inflated trading volumes, but we all know how this ended. western exchanges have re-claimed their top position when it comes to the trading aspect. it's actually very embarrassing seeing that chinese exchanges went from a few million traded coins per day, to now far less than ten thousand per day. it's peanuts, really.
26  Economy / Speculation / Re: Price climbing fast again on: February 20, 2017, 12:35:54 PM
$1050 barrier broken. We might retest the levels at $1080 that we saw if this keeps up. With only three weeks until ETF decision is made, this looks to me like classic hype bubbling up/accumulation.
Preev.com price watch-And we have a temporary setback as bitcoin price falls $3 below the $1050 barrier , looking forward to getting back up.

Yup. CMC showing around $1047 right now. It seems to me that price always goes up right before I get paid though. Sad

It's still holding as of the moment. I really hope this becomes the new floor because if a new bubble starts from here, the sky is the limit.  Smiley

Price was stable for some time and dont see anything that it will impact for price to go high, at least not at the moment.
Yes we have price to go down and comes back up but this is still normal dont expect to see anything in following week or two, no major event that will trigger price change, but it dont need to be that price wont go up. Just for me at the moment i dont see some indicators for that.



no major event? in just over 2 weeks we will see whether or not the etf from the winkies will get approved. i consider this to be a huge event that might boost the price over the current all time high within 2 months. that's why i keep holding my coins firmly to see where the price is heading to next month. if it doesn't get approved, then prepare for a deep and solid dump.
27  Economy / Speculation / Re: You'll sell at the bottom on: January 18, 2017, 12:53:56 PM
If I don't sell when at the top, it is better not to sell at the bottom. I know it will be back on the rise. just patient and patient Smiley
I am too greedy when waiting for the price of the bitcoin which I think will reach $2000, but it was not reached and the current prices back on the rise it's a good time for me to sell if I want to do that.
 

point is that when you miss the opportunity of selling at the top, is that you are able to accept it. if you can accept that, then the likelihood of you making an irrational decision that will work against you, will turn out to be ultra low. but that of course doesn't go up for people that are new into bitcoin and trading. quite often these people find themselves in the losing position where they blame bitcoin for whatever they did wrong. same old story.
28  Economy / Speculation / Re: Right Time to Buy BTC on: January 18, 2017, 12:12:11 PM
For me, there is no right time, and it always be a right time, bcs you can't never be sure what will happened. And we can't talk for something stable. If you see the price starts increased then buy, simple Wink
Yes agree, no one is likely to know about the future. When prices reached $ 1.100 bitcoin, many people believe will go up again to $ 1.500, fortunately, because I sold 1.5 BTC. I will wait until the new year china, then buy bitcoin.

those who believed the price would go up further than it has already when it peaked over $1100 are simply not understanding the bitcoin market. the price at that time was due for a serious correction where the only right decision should be to cash out profits and hold the other part of your coins. nothing goes only up in value. and especially not in such a pace. you don't even need to have a high level of experience to see that as common sense would be just enough.
29  Economy / Economics / Re: Bitcoin or gold? on: January 18, 2017, 12:05:16 PM
Gold is life time, I need and I wanted to have both. We need them both in our life nowadays.
Gold is good investment also you can always get money whenever you want because pawnshop is everywhere especially during emergency time while we also need bitcoin in doing online shopping so less hassle for us and transferring money to our loveones.

we don't need both in our life. more clear, we don't need any of them. we just choose gold and/or bitcoin as a mean of storing value and for investment purposes. if you don't have any of those, then nothing will be lost. problem with cashing out gold in pawnshops for example is that they require to scan your id and note all your personal information. if you don't have any problems with that, then it's of course all fine, but i am sure there are many people around that don't like the idea of having an entity being in control of that precious information.
If it's not important for you then what's the reason behind why you are in the this forum. It does not make sense to me, I thought we are all believers here especially in the crypto currencies as a whole. Bitcoin is best as investment and currency and I have no problem with others not appreciating it.

you miss the complete point. i meant that we don't need any of them in our life as in we don't depend on them. nothing will happen in our lives when we don't have bitcoin or gold in our portfolio. not that we shouldn't invest or be in this whole crypto world.
30  Economy / Speculation / Re: Who made big money? on: January 16, 2017, 01:12:23 PM
i made some decent profits, but all the profits that i cashed out above $1000 have been invested by buying back just below current levels. my benefit is that i have around 20% more coins than before the peak to over $1000 that we have seen. that's my main target > increasing the number of coins that i have.
31  Economy / Speculation / Re: 780 broken.. 500 .. maybe even 220-240 again... ? on: January 16, 2017, 01:00:06 PM
block size trolls will also show up if segwit is activated and working correctly. after a while these exact trolls will start another round of war against bitcoin as then 2mb is not enough anymore and holding back bitcoin's growth according to them. long story short, whatever happens, trolls will always find something to fud about.

The problem is that if even legit transacations are beginning to be excluded from the blockchain (that's what I expect if SegWit is not activated soon), then trolls could do much more harm - and generate a lot of panic, mostly among new users. A price crash of epic dimensions would be a very probable consequence.

i do some occasional trading, and if there is another epic crash that will bring down the price to levels significantly lower than the one we are sitting at right now, then it doesn't really bother me. but if i look at what damage this inflicts on the image of bitcoin by non bitcoiners and others, then it's of course something i don't want to become reality. but it's something we can't do anything about. especially when you consider how easy it is for trolls to manipulate the way of thinking of these newbies.
32  Economy / Economics / Re: Bitcoin or gold? on: January 16, 2017, 12:48:35 PM
Gold is life time, I need and I wanted to have both. We need them both in our life nowadays.
Gold is good investment also you can always get money whenever you want because pawnshop is everywhere especially during emergency time while we also need bitcoin in doing online shopping so less hassle for us and transferring money to our loveones.

we don't need both in our life. more clear, we don't need any of them. we just choose gold and/or bitcoin as a mean of storing value and for investment purposes. if you don't have any of those, then nothing will be lost. problem with cashing out gold in pawnshops for example is that they require to scan your id and note all your personal information. if you don't have any problems with that, then it's of course all fine, but i am sure there are many people around that don't like the idea of having an entity being in control of that precious information.
33  Economy / Speculation / Re: 780 broken.. 500 .. maybe even 220-240 again... ? on: January 13, 2017, 01:20:21 PM
There is definitively a possibility that it could go as low as $200. It's highly improbable, but here we go:

I expect such a deep crash if the blocksize war escalates again, with one or more groups threatening with an "unofficial" hard fork. That would not be a good sign for Bitcoin, as governance of the code is still a unsolved problem. Such a war could have side effects like "trolls" that spam the blockchain and drive fees in astronomical heights, making it very expensive for the actual users. That would be extremely bearish as many people would leave BTC, potentially pathing the way for a "successor" that could even be LTC if it manages well the SegWit transition. Or one of the sidechain/multichain coins like Ardor, Iota, Byteball or Lisk.

But as I said, I consider it improbable, as I consider the Bitcoin users too intelligent than to let it escalate this way. My guess is that the next "bottom" won't be under $400, maybe even around $600-700.

basically every bad scenario is possible to happen theoretically, but we shouldn't be focusing on that. block size trolls will also show up if segwit is activated and working correctly. after a while these exact trolls will start another round of war against bitcoin as then 2mb is not enough anymore and holding back bitcoin's growth according to them. long story short, whatever happens, trolls will always find something to fud about.
34  Economy / Economics / Re: panic selling on: January 12, 2017, 02:14:46 PM
What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
The price will continue to dump if more people sell their coin  it will be deep depends on how many will counter it Or more people  buying than selling BTC it's a good time to buy when the price is so low and wait for it to pump again for easy profit like what happen now,

I don't know the reasons of such fast drop. And many people are on panic now cause of the price. But I think that it's correct to not panic in this moment and hold your bitcoins, cause of this panic selling just will move the price down, and I doubt that we all want it  Wink

If you have poured your lifetime saving into Bitcoin when the price was over 1,100 dollars per coin, it may be a good idea after all to panic sell all your coins as fast as possible. Yes, the price can massively rebound later and continue rising past the recent highs, but it could as well continue sliding down to lower lows devaluing your whole investment...

The bottom line is that don't invest with amounts which could potentially put you in a panic sell environment

no matter what you say, people will constantly put their savings, and thus themselves into great danger. it's sad to see that some people are willing to gamble their entire savings into bitcoin. what's even worse is that after they buy at peaks, they expect the price to pump even further. it's pure greed. another trend is that people nowadays more and more trade/buy bitcoin with borrowed money. that's where all these panic dumps come from.
35  Economy / Speculation / Re: 780 broken.. 500 .. maybe even 220-240 again... ? on: January 12, 2017, 01:52:31 PM
it can't drop that low no more, you are forgotting the resistance at those level below 500 that brought us here, it can go lower to $700 and that's it

i still believe it can rise as a fast as it was dumped

Not sure what happened last night when suddenly from $900 it dropped to $850 and then $770. i don't think it has something to do with the usual weak day trading whenever we approach weekend but I'm hoping that somehow this will pick up again next week Starting Monday or Tuesday. Although I see some good news in the Altcoin trading side I see a lot of greens over there but over here its red.

it was because of chinese dumping thinking that their government might size some of their exchange

for some reason certain people never seem to have much confidence in bitcoin. whatever happens, people always think about the negative aspect first. and that while they have zero clue about what's going on. these people put money into something they don't know much about. because if they knew, these panic dumps would be no more. it's just their greed that makes these yolo investors aka gamblers take such stupid decisions. these people can't handle bitcoin. they should stay miles away from whatever type of investment. it's for their own well being.
36  Economy / Speculation / Re: Is the current rally really that crazy? on: December 25, 2016, 02:00:37 PM
It's not crazy at all considering the level of manipulation and scamming going on, what surprises me is the apparent sheer number of people willingly getting scammed.

It IS crazy however considering all the flawed protocol fundamentals. But nobody looks at that, all most people here care about is to be on top of a pyramid scheme.

may i ask you a serious question? i once saw you post that you have made very nice profits by selling at the peak months ago. doesn't it make you one of the people you mention in the bolded part? i am sure you have made nice profits this time as well. if you strictly look at that, you aren't any better than these people you seem to throw a lot criticism on.
37  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bittrex or livecoin? on: December 05, 2016, 12:48:33 PM
Bittrex is absolute winner here 👍🏼
But for me i use exchange that have better price for altcoins i trade with!
I think bittrex need to add some more alts and DELETE shit alts with no trades at all!

Reading all different post here about exchange,Bittrexx is the preferred exchange because of the volume and security but adding the coin here is quite hard you need at least 3 bitcoin to get listed rigthaway

if you know richie from bittrex, you can get your coin listed there for a price far lower than 3btc. it's all about having connections. that being said, i don't find bittrex to be a great altcoin exchange anymore. especially not when you compare bittrex to how they were at least a year ago. poloniex is the place to be nowadays.
38  Economy / Speculation / Re: Will the Bitcoin price ever drop back down to $500? on: December 05, 2016, 12:41:25 PM
I sure, now and future day bitcoin can't drop back down $500 again. Now, the price in 2016, increase more than 300℅ since beginning year. Supply bitcoin is can't added but demand always increase, so the market rule is price will increase.

don't be too confident with saying that the price can't drop to $500 anymore. i have seen the price fall from the $1000 price level all the way to $190. and i even thought a bit lower than that. a drop of more than $800 can you imagine that? probably not...
39  Local / Nederlands (Dutch) / Re: Kan je een btc wallet verplaatsen van je pc naar een externe harddisk? on: November 05, 2016, 12:21:35 PM
als je deze stappen volgt dan moet het lukken.

- bij het installeren van bitcoin core moet je je externe schijf aanwijzen/selecteren om de installatie op deze schijf plaats te laten vinden.
- zodra je bitcoin core geïnstalleerd en hebt opgestart, dan moet je het volgende even doen:
1) klik op hulp -> debugscherm -> console.
2) typ dan het volgende commando in -datadir=<tussen deze pijltjes moet de locatie op je externe schijf komen te staan>

je kan zelf een map maken op je externe schijf waar de complete blockchain, wallet bestand en database bestanden zullen worden opgeslagen.

mocht het nog niet gelukt zijn, of je hebt nog een vraag, laat het dan even weten.
40  Local / Nederlands (Dutch) / Re: 'T-Mobile' vraagt betaling in bitcoins on: November 03, 2016, 02:20:29 PM
ik heb ooit zo'n factuur gehad van de rabobank waar ik rood zou staan (wat dus niet zo was), en dus dat bedrag even via bitcoin zou moeten voldoen om te voorkomen dat mijn rekening opegeheven zou worden. ik kan me echt niet voorstellen dat iemand hier in trapt. ik weet niet of de genoemde bitcoin adres op de valse factuur enkel bestemt is voor een persoon of voor meerdere mensen, maar gelukkig is die leeg.
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