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2021  Economy / Speculation / Re: ??? DECISION TIME FOR BITCOIN?!?! 4k or 3.5k?!?! ??? on: March 08, 2019, 06:28:32 PM
The thing is, no real money is coming in to the market. Very few new investors. It would probably take more than a few good news to really bring back the confidence that was lost because of this ongoing trend. The run to 4.1k isn't at all bullish.  There have  been runs like that last year where we're still dominated by bears. And i agree that we may not have seen the bottom for this year yet.

I'm sure there is plenty of new money coming into the market, but that's largely through private deals (i.e. OTC trading). The on-chain transaction volume is indicative of high volume trades, but the money doesn't touch spot exchanges, and that's what's driving the price at the end of the day.

Important indicators are stablecoins. As long as the total circulating supply is the same, there isn't all that much money entering the market that we can see. Before $6000 broke USDT's total circulating supply was hovering between 2.3-2.5 billion, right now that's just under 2 billion. In other words, up to 0.5 billion has left the market.
2022  Economy / Scam Accusations / Re: YoBit stole 10 ETH from me – a conversation with Dominik Herzog - Chat Log on: March 07, 2019, 10:35:33 PM
Dear MSTDR,
I faced the same issue on yobit . They stole my 18,6 ETHs.
I tried to transfer from My ETH Poloneix wallet to my yobit ETC classic wallet.
it is in the air more than 500 days.

Dominingherzog , does not response, when I write a support message, they reply an automotic messega regarding replay attack topic.

did you find a solution ?


What do you mean with 'it is in the air more than 500 days'? That the coins are still untouched after your transfer? If so, that's actually a good thing. It means that Yobit didn't move these coins, because that would be somewhat of a shady move, especially with how they continue to ignore you.

Most forks only result in problems. Within the market, and for exchanges themselves because they have to dig up old private keys to recover user funds.
2023  Bitcoin / Legal / Re: Coinbase's recent Hacking Team stuff on: March 07, 2019, 09:57:30 PM
People really should keep their coins off centralized services though, as this prevents any future complications.

That's the best option, but as we have seen, not the option people tend to go for unfortunately. Good thing is that there are more and more reputable clients popping up offering multi coin support, so that people can safely take care of their own storage, and hardware wallets are getting cheaper as time goes by.

In the end, people should understand that what Coinbase is doing might not be only related to Coinbase. It's just that we read about Coinbase that people get angry and frustrated, but what people should fear even more is that what they don't read/know about. Coinbase is quite transparent in everything it does, which can't be said about other exchanges.

Other exchanges are fucking with people just as hard, but without them knowing.
2024  Bitcoin / Press / Re: [2019-03-06] Coinbase CEO Admits ‘Diligence’ Failing, Boots Ex-Hacking Team Empl on: March 07, 2019, 09:21:56 PM
P.S. Haven't seen any big Coinbase user go public and say they're no longer using it. Thought one of them influencers would have taken this chance to shill some other exchange by now.

It's not an easy task considering that Coinbase is still the best and most secure place within crypto to have fiat enter and exit. For most smaller traders it's pretty easy to switch to Bitstamp or Kraken, but if you look a bit further, Coinbase hasn't ever been hacked, and they are taking their job in being a secure platform extremely serious.

They generate their keypairs within a shielded tent they randomly pop up somewhere. What other exchange does that?

https://www.newsbtc.com/2018/08/30/coinbase-uses-electromagnetic-signal-blocking-tents-to-secure-cryptocurrencies/

Lets hope that Binance manages to gain more ground, especially within the US to offer Coinbase the competition they need. Binance already allows EUR and GBP deposits and withdrawals, USD is the next step, it just can take a while due to the licenses/registrations they need for that.
2025  Bitcoin / Press / Re: [2019-3-3]Millennial Investors Prefer Crypto Over Stock Exchange on: March 07, 2019, 09:01:54 PM
While I believe the article is biased, but I think this point is true. I personally can't invest in any stock because it requires a lot of things, unlike crypto where we can only do simple KYC or even go anonymous and buy tokens/coins that we believe will grow in time. But it seems some exchange are trying to improve this condition, like DX.Exchange who provide tokenized stocks (but the exchange is buggy af).

It's insanely easy to buy into stocks/etfs/options, etc. If we look at Robinhood for example, which is the most popular stock trading platform for average joes, it's just a matter of completing a registrations process, deposit money, and ready you are. It's just as easy as investing in crypto, or even easier in some cases.

Nowadays there are plenty of brokers that allow you to trade basically anything, and people seem to love it. Crypto appeals more to people because it pumps harder, that's all.
2026  Bitcoin / Press / Re: [2019-3-6]Hard Fork: Motivations Fueling Bitcoin Civil War on: March 06, 2019, 09:58:43 PM
He was better off hardcore shilling Litecoin. It has much faster block times (also a benefit in terms of becoming a token platform), scales on-chain, does off-chain scaling as well, and has quite a friendly ecosystem.

Litecoin doesn't fit in his portfolio as early Bitcoin investor. He owns plenty of insanely powerful Bitcoin domains and social media pages, which Litecoin can't ever match. On top of that, the brand awareness that Bitcoin provides, and the controversy, is a very important marketing tool he loves to exploit, hence his continuous hostile attitude towards Bitcoin.

He can't stop attacking Bitcoin, because these attacks are the only way for him to remain relevant. If he stops attacking Bitcoin, who will bother looking at what BCHABCCASH is doing? The same applies to Crack the Scammer Wrong.
2027  Economy / Economics / Re: France Targets Amazon, Google, Facebook for an Annual $500 Million Tax Boost on: March 06, 2019, 09:26:59 PM
Hope they'll do that too, not only France but other countries. They have huge profit, as time goes, their budget rises and rises and their profit increases too. Finally we receive the fact that huge amount of money goes into some people's pocket while others are staying without it. Imagine, 2-3 has as much profit as 100K normal citizen have. So yeah, increase tax, they don't need to get so much rich.

Such a wrong attitude. Who are you to decide who can and who can't get wealthy? It's not the government's money to begin with, and the money the France government ends up collecting won't be spent in any form that would better the lives of everyone living in that country. It's a disgusting form of extortion.

I can perfectly understand that the top companies will do everything they can to reduce their tax bills. It's legal too, so what's the issue here? No laws are broken here.
2028  Economy / Trading Discussion / Re: hidden orders on: March 06, 2019, 09:01:10 PM
Does anyone know the difference between hidden orders and OTC? I can't see the difference If both are meant to be out of the public records.

Hidden orders is a feature that exchanges usually offer to deep pocket traders. It's not meant to be similar to how we know the OTC market works.

Hidden orders are easy to spot when you see a lot of volume being generated around a certain price level while the price isn't moving at all. For example, if I have a 1000BTC hidden buy wall at $4000 and you dump 500BTC into that wall, it will in the public trade history show as 500BTC in volume at $4000. The price will change the moment the hidden buy wall has been sold through.

In a nutshell, the orders are hidden, but the volume they generate once they get bought/sold into isn't.
2029  Bitcoin / Press / Re: [2019-02-27]SEC Chair Needs Basic Changes Before Crypto ETF Approval on: March 06, 2019, 02:08:18 PM
When bitcoin prices were stable around $6000-$7000 there wasn't an etf application in progress. Sadly they take place during volatile times which reduces the chances of success

There was, and more than just one. If the SEC was looking for stability, they would have noticed that already, but they don't care about stability. In all cases, the legacy platforms offering products based on Bitcoin have volatility triggers that halt trading the moment the market becomes too shaky. In other words, not a problem at all.

To add; I have seen large US stocks show more volatility than Bitcoin in the last six or so months, and more volatility is still to be expected.
2030  Bitcoin / Press / Re: [2019-03-06] Starbucks Unveils Key Detail about its Secretive Bitcoin Strategy on: March 06, 2019, 01:39:57 PM
It raises a major question though, Bakkt converts people's coins to fiat, then uses that fiat to settle the Starbucks payment. Isn't that a taxable event within the US? Don't forget that this is just the very beginning. At one point I do expect a large number of multinationals to participate, and the amounts concerned will greatly exceed that of a coffee and a muffin.

In the end, it's more of an empty marketing gimmick than something that provides much usefulness, especially if turns out that you must have an account with Bakkt in order to utilize that payment option.
2031  Economy / Exchanges / Re: [ANN] Dove Wallet on: March 06, 2019, 01:19:04 PM
- Daily bonus
  You will get bonuses for every currency you have in your wallet

Till you run out of free dust and people lose their funds.  Roll Eyes

If your wallet service was solid, which it clearly isn't, but if it was, the service itself would be enough to convince people to use it. Offering bonuses raises red flags.

Please come and enjoy! Wink
This reminds me of a warm evening with.... lol. Cheesy
2032  Economy / Speculation / Re: Irrational. Bitcoin could fall to $800 on: March 06, 2019, 12:48:34 PM
If the whales wanted to lower the price more, they would not let that so much positive information appear on the market and would create a lot of negative information to make it easier to make panic sell again.

Positive news is meaningless right now. We've had heaps of it, yet it doesn't even remotely dent the price.

I think it's safe to say that most whales are just as surprised about how brutal the 50% crash was as you guys are. Don't forget that the sellers are dumping into buy orders, which means that for everyone selling there are buyers on the other side of the book seeing their paper value tank as the price tanks.

People just need to acknowledge the nature of this market. On the way up no one complained, and now people don't get what they want anymore, it's a problem.  Roll Eyes
2033  Economy / Speculation / Re: If bitcoin mining will be based on POW+POS.. on: March 06, 2019, 11:39:08 AM
If bitcoin was based on POS, it would be zero already at 2013, and this forum wont exist.


That's unlikely, but the way things work, exchanges holding the far majority of the coins would dictate Bitcoin's roadmap then.

Coinbase owns 5% of the total number of coins ever to be in circulation as we speak. It would make them one of the most important entities/contributors, and we all know what happens when you allow Coinbase to do its thing.

People don't understand how hostile everything around Bitcoin is. Ethereum doesn't have to deal with that, and I'm sure that whatever they end up doing, it will be a smooth transition. In Bitcoin's case, everyone wants a piece of it, and we have seen several attempts already of how ugly things can be in here.
2034  Economy / Trading Discussion / Re: Bitcoin trading velocity constantly rising since December. on: March 05, 2019, 11:50:35 PM
Also with an increased volume on exchanges and not that much push happening on the price, it could only mean that people are already accumulating a lot of coins in their arsenal, which could signify a push that is just around the corner.

I'm not really sure if a push is around the corner considering that an accumulation phase could take much longer than people expect, but the boost in volume is quite a positive signal. In the end, volume = interest, and interest is what we need to bump whenever we're ready for it.

I do expect a few more $4000-$4200 tests before we break it for good considering that we're in an ascending triangle and do the same thing we did last year, but then in the opposite direction within a descending triangle. Last year we were continuously testing the flat support level, this year we're continuously testing the flat resistance level.

If you test the same support/resistance levels over and over again, they'll break, and in this case I expect it to be a positive break.
2035  Economy / Economics / Re: Cryptocurrency companies still can’t open bank accounts on: March 05, 2019, 11:22:39 PM
It doesn't surprise me one single bit. It's unethical to reject customers, but then again, it's their platform and they can accept/reject any entity at any time. Complaining usually won't do much unless all rejected crypto entities pool their efforts and take it to the court, but even that could still turn out to be a waste of time and money.

What we don't read about is that a lot of exchanges have had to deal with banks just not wanting to cooperate with them anymore, and in order to move their funds, a % fee has to be paid, which is a form of extortion if you think about it. If this happens frequently, which Bitfinex has had to deal with, it's not out of the ordinary to lose 5-10% of your total fiat balance due to the absurd fees.
2036  Economy / Economics / Re: Emaar Properties says no to accepting cryptocurrencies as payment on: March 05, 2019, 10:43:33 PM
I dont really get the essence of creating such bad fake news.
Whoever created that e-mail account just so to spread this fake news have a lot of effort in his mind.
He should have just used it in a different way.

The question is why he did it?
To pump crypto currencies or just to put Emaar Properties on a bad position.
I doubt it will be the first one. They may be the competition of Emaar and this is also why it is funded to create this madness.

I don't think we'll find out who did what and what the exact motive is, but that's not even the main point in my opinion. The fact that news outlets blatantly copy and paste anything they can find is what bothers me the most. It's like they only want to get as many articles out in the wild so that they can scoop up a few pennies.

I have seen the quality of the content news outlets come up with decrease to such low levels, that it really surprises me that people still pay attention to them.

My main source of news is mostly Twitter and Reddit, and while these platforms aren't exactly the best ones either, they're far better than anything most news outlets come up with. Twitter and Reddit are usually the first, especially when it comes to foreign events people translate to English.
2037  Bitcoin / Press / Re: [2019-03-05] Billionaire Eugene Kaspersky: World Isn’t Ready for Bitcoin Yet on: March 05, 2019, 10:04:09 PM
I would rather believe that e-currency would be utilize into those years and crypto is just always been an alternative.

Bitcoin being an alternative, at least for a few more decades, will be more than enough to gain the adoption and recognition it needs to resist governmental oppression.

We already have seen a glimpse of that in form of crypto peeps flooding local markets to transact in a peer to peer manner after harsh regulations that are meant to put a stop to this. The result of that is that governments finally start to understand that harsh regulations have negative consequences for them.

I'm perfectly fine with governments seeing Bitcoin as a fancy investment tool. As long as they believe that Bitcoin isn't a threat they won't start a fight, and by the time they do realize it, it's very likely too late already.  Grin
2038  Bitcoin / Press / Re: [2019-3-4] Bitcoin Early Adopter Launches World’s First Seastead on: March 05, 2019, 09:35:13 PM
I think the pirates concern was my greatest... Yeah, kidnapped, robbed, blown up, who knows what? Takes some massive cajones in my opinion, that's why it surprised me when he said he didn't consider himself to be adventurous.

You're exposed to risks pretty much anywhere anytime, regardless of your location. I think in general, the risk ratio for him is more or less equal to when he's living on land.

I would love to see an island of equal minded Bitcoin fanatics peacefully living together with a fair and honest governing body where each vote/say counts. It starts as a small seastead, but develops into something that slowly but surely will represent an island that's somewhat disconnected from the toxic elements the legacy system exposes them to. Would be a damn cool experiment.
2039  Economy / Service Discussion / Re: What do you actually spend your cryptocurrency on? on: March 05, 2019, 09:05:20 PM
I haven't really spent that many coins lately, just had a wonderful time donating money to a wide variety of people through Lightning, testing out some games, feeding chickens, etc. It has taken most of my time and I really enjoy utilizing Lightning. I wish there were more services and merchants on board, but that's just a matter of time. I'm so excited that my excitement gets too far ahead some times, lol.

What I do want to see is more local brick and mortar stores coming on board. I want to walk into stores settling my transactions in Bitcoin. Money should be used as money, and Bitcoin definitely is money.
2040  Economy / Service Discussion / Re: Blockfi offers compound interest on crypto savings on: March 05, 2019, 08:41:45 PM
It's not worth it for me. I would consider doing this if it was coming from a legacy bank, granted that everything is insured, but no freaking way I will trust any crypto related service to offer these products.

Better hold your coins firmly in your ledgers or other cold wallets. 6% isn't worth taking risks for in this case, and when they offer way more than that, it's not a good thing either, because that likely means they can't live up to their promises.
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