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2041  Economy / Speculation / Re: Bitcoin bulls vs bears... what side are you on? on: March 04, 2019, 10:32:07 PM
All these movements are part of something very important, they want us to sell cheap, when this is the opportunity to buy cheap, so maybe, by lowering the price of bitcoin cause panic in people who have invested in bitcoin, especially , those who are insecure.

Who are they? It's not that the "manipulators" pushing the price down means it's only them being presented the opportunity to buy lower, we all can.

I'm certain that most of the whales people think are manipulating the prices have done everything they could to support the price at levels well above the current ones. They are partly a bagholder too, just like many of us here are. The selling pressure was too much to handle for such a thinly traded market. It pumps and dumps hard, nothing new. It's just how this market is.
2042  Economy / Trading Discussion / Re: how Do you Define the martingale effect? on: March 04, 2019, 10:02:04 PM
You just need to double your money every time you bet and if you have the money to go to the end, you always win.

You can't always win, just increase the probability of your winning streak to last longer with a larger balance.

I remember from back in 2014 how one person lost an insane number of consecutive rolls, where he ended up losing his entire balance. Martingale works till it doesn't. In the end, whether it's with trading or gambling, people will become greedy and up the trades/bets where like 5-10 consecutive losses will clear their entire balance. Greed is a bitch.

If there was a way for people with large balances to always win casinos would go broke one by one.
2043  Economy / Trading Discussion / Re: Binance should stop Launchpad service and pump dump on: March 04, 2019, 09:42:25 PM
Dont think they will care a lot as us citizens that want fo use binance after a US ban will just use a VPN.

Bitmex doesn't (yet) force you to verify yourself like regular/spot exchanges do. If for whatever reason you trigger Binance's security system and they want your documents, you're pretty much ruined it for yourself. Providing them your US documents will point out that you violated their terms, and who knows what the consequences of that are.

In other words, you should care. Binance is busy trying to market itself as a trustworthy brand where they slowly but surely try to comply with the jurisdictions they operate in.
2044  Bitcoin / Press / Re: [2019-02-27]SEC Chair Needs Basic Changes Before Crypto ETF Approval on: March 04, 2019, 08:37:42 PM
The stable price of around 3900 dollars must be quite pleasing for the sec, shame about the flash dump which adds weight to the price manipulation argument.

Do you remember the stability between $6000-$7000 last year? Was pleasing right? Look at the current price. Roll Eyes

In the end, it's not the SEC that needs to change, but this incompetent and crippled ecosystem. It's too scummy and too immature to be awarded an ETF.

The same applies to ICO's people think the SEC needs to change for. It's utter bs. ICO's are securities by nature the way they are sold in this market. I strongly hope that the SEC will up its manpower and punish unlicensed exchanges for having them listed. Enough people have lost their money. Shit needs to be stopped where possible.
2045  Bitcoin / Press / Re: [2019-02-27]Satis Group Cryptocurrency Future Price Prediction on: March 04, 2019, 08:17:24 PM
Many don't agree with you that market has bottomed out. Another dip to bellow $3400 is expected before summer. And then the slow start of bull run.

Expected by who?

I strongly believe that we'll respect the 200 moving average, and as long as that is the case, I don't expect much action below it aside from a potential flash wick. Only when it closes below that average it's time to worry and think about even lower levels. We respected it back in 2015 and the odds do favor a similar happening.

People are just following the trend. If the trend is up they think it will keep going up and in this case it's people thinking it will keep going down.
2046  Economy / Exchanges / Re: I sold my litecoin twice on Cryptopia on: March 04, 2019, 07:24:54 PM
Man, that's super lucky. To be honest I would just report the bug that happened in their exchange but I won't return the money. It's like a reward for finding a bug that will help their security be more tighten. No hating but free money is still free money. I know most of us would agree but won't say it. The thing here is that you helped the exchange while making money from it.

It's not free money. It's money that other users will have to pay up for. If someone else was able to withdraw the same funds twice, how would you feel if the exchange took your money to compensate for the loss of funds? You obviously won't like it and wish the user returned the funds, so from there it makes sense in this case to return the funds.

Seriously, people here are freaking retarded. Work for your money noobs. Do good receive good. Do bad receive bad. That's how life is.
2047  Economy / Exchanges / Re: Yobit exchange on: March 04, 2019, 07:04:00 PM
I do not understand why there are so many bad reviews about this exchange? I think the traders themselves are to blame for their problems.

Most people there deal with utter shitcoins, which significantly increases the probability of you running into a problem there. Considering that Yobit has a whole selection of shitcoins other exchanges don't have with how Yobit allows any coin to be listed as long as they pay the base fee, it's not a surprise that they are one of the most problematic exchanges in the space.

But I do agree with the fact that traders should be blamed here, because they are the ones buying themselves into shitcoins on an already shitty exchange.
2048  Economy / Speculation / Re: Bitcoin bulls vs bears... what side are you on? on: March 03, 2019, 11:08:40 PM
I think the real investors don't think too much about entering at any price, it doesn't matter to them, the most important thing is how to be able to get profits and be able to influence prices in exchange.

Getting profits largely depends on your entry price, lol.

Investors aren't the same, they have different targets, risk management and different motives. I would say that most investors aren't as emotionally connected with crypto as most of us here are, which actually is a good thing. People valuing the fundamentals tend to hold on to their coins longer than those who don't, which especially during bear markets results in a wasted opportunity.

I could have gained way more by showing less attachment to whatever I hold in order to end up with more coins right now, but it's very easy to speak out like this afterwards.
2049  Economy / Speculation / Re: Issues with contact less payments. on: March 03, 2019, 10:47:22 PM
Also, about the guy embracing you in the subway and scanning your wallet with a  mysterious instrument..., I tried a year or so ago in an afternoon to pay with the cards still in my wallet. I knew well the cashier and I was the only one in the shop otherwise obviously I wouldn't have done it but I still coudn't manage to get a confirmation even with my wallet sitting on top of the PoS scanner.
Same here. I have a leather wallet and it just doesn't want to register my card through the wallet. I have to take it out each time.

But, speaking about cards, I'm amazed how Americans are still happy with their no PIN number card.
Seriously, we're afraid of somebody trying to scan your cc with hi-tech stuff inches away from you for 50euros a day while other are giving the card to the waiter and hope they will be charged correctly...
Exactly. I never understood that either. Not one single person around me ever had a problem with theft or fraud with their tap2pay debit cards, while those with credit cards (yep, it's also a thing here in Europe) haven't done anything but complain about fraudulent charges. I don't even understand how the issuers of these credit cards still allow this to happen. It shouldn't be possible to settle payments without a PIN in any amount.
2050  Bitcoin / Press / Re: [2019-3-2]Cryptopia Crypto Exchange Lost 9.4% of its Holdings to Hackers on: March 03, 2019, 10:16:56 PM
It's like a gambling game. You log in the account hoping that you are the lucky one whom this trouble has not affected. It depends on whether the luck changes.

You will be affected for sure even if the coins that are stolen aren't the coins you have in your account balance, because an exchange generally tends to socialize the losses.

In the end, this gambling you're referring to is what people do to themselves. No one is forcing you to leave your coin in your account just so you can sell quickly whenever the market sentiment shifts. That laziness is what makes people lose big time.

Just think about it, what do you rather lose, paper value, or actual coins? Loss in paper value can be compensated with time by recovering prices, but loss of actual coins doesn't compensate itself. You can only hope that the exchange will be profitable enough to compensate you at whatever point in time according to their own terms, which always favors the house and not you.
2051  Bitcoin / Press / Re: [2019-03-02] No, Facebook’s ‘FaceCoin’ Will Be Nothing Like Bitcoin (Or Even a C on: March 03, 2019, 09:41:55 PM

Those two situations are different

You won't be buying and holding fbcoins just so you can sell them over a black market for a 3-5% premium.
What you're describing happens with everything, amazon cards, paysafe codes etc etc, BUT, nobody is "investing" in those.

It's not different.

In all cases, every aspect of a site or service with some form of valuable nature to it that can be transferred from one account to another can and will be used to make money with. That's how the economics work. Call it profiteering, investing, whatever, people are making money with these things. It has been happening for over a decade.
2052  Bitcoin / Bitcoin Discussion / Re: Something newbies should know about Bitcoin on: March 03, 2019, 09:31:25 PM
No one shares a detailed analysis for free on social media. I have seen these publications which mainly serve to the pocket of the guy who talks loudly on twitter and facebook. Having own method and working for yourself can be better choice than asking from others on social media.

The better way to put it is; no one who's legit a skilled trader making enough profit wastes his time on social media posting all day and charging money for signals and courses.

Self awareness is what people are lacking here. If you suck at trading, aren't really interested in investing time into understanding technical analysis, then don't trade. Paying someone for shitty signals every clown here can come up with is the worst thing you can do. Flipping a coin at least provides fair 50/50 chances of winning, which signals can't provide.

If you thought this was bad, then wait for the next wave of adoption, these people will be way worse than the baboons we're dealing with right now.
2053  Bitcoin / Bitcoin Discussion / Re: Couple Uses Bitcoin Wealth to Build World’s First Seastead on: March 03, 2019, 09:11:03 PM
It would have been better if they could of purchased a big piece of land and started their own country.  I'm sure they will do their best but seasteading comes with a bunch of problems and humans are more adapted towards land.

It's a first step. It's too much of a hassle and a legal battle buying your own land and do with it whatever you want. In my country for example, buying a piece of land still doesn't make it entirely yours if you take into consideration that it's still the government telling you what's allowed and what isn't. That's not something to look forward to when buying land.

Seasteads are a different category, and the fair level of freedom might appeal to a lot of people eventually resulting in some sort of a hype.
2054  Economy / Exchanges / Re: Coinsbank.com a scam or not? Have your say Let's hear you!!! on: March 03, 2019, 08:51:44 PM
But I have never seen them popular around the crypto community, a lack of marketing strategy I suppose.
The few times I have seen them mentioned here it was about not happy with it.

It's a pretty decent exchange to be honest. Most of their volume is generated on the BTC/GBP pair, after that it's the BTC/EUR pair being the most popular. From the looks it's focused on Europeans mostly. Good thing is that they stick to the core principles of what has value in this space, but that obviously makes them less popular in the grand scheme of things.

They only have BTC and LTC to trade with; https://coinmarketcap.com/exchanges/coinsbank/
2055  Economy / Exchanges / Re: #DeleteCoinbase - what is going on with Coinbase? on: March 02, 2019, 10:30:14 PM
LOL.  alrighty then.  its settled AND i think we can find a new place to bash now?

Yes. There are some more on the list that can/will be next. Blockchain.com for example. Redundant shithole. Promising Segwit upgrade rollout early 2018, and right now we still don't have it, and probably never will unless they're on the brink of collapsing.

BitPay. Another service that doesn't upgrade to Segwit to allow people to enjoy lower fees. Instead, they now require Bitcoiners to pay an additional fee if they want to settle payments.
2056  Bitcoin / Press / Re: [2019-02-27]Bitcoin to End 2019 Above $3,900, no Need for ETF on: March 02, 2019, 08:22:16 PM
The thing people here don't seem to get is that these predictions usually are to counter other predictions. I have seen a lot of bears throw around with $750-$1200 predictions as being the bottom, and when you take that into consideration, a prediction being higher than $3900 isn't all that bad.

It's a bit unfortunate that it's yet again Tom Lee we're talking about, but discarding the person behind the prediction, it's just about a fair prediction. $6000 is better than $3000 right? Now people can only dream of the $6000 level. I'm sure that if we do happen to fall to the aforementioned lower levels, people will think back about how $3800 wasn't all that bad either.
2057  Bitcoin / Press / Re: [2019-03-02] No, Facebook’s ‘FaceCoin’ Will Be Nothing Like Bitcoin (Or Even a C on: March 02, 2019, 07:56:15 PM
I'd wager people who have such thought won't think that far, but OTC or P2P is possible if the token is tradeable.

I can see 'black market' emerge where these coins have a slight premium over their face value, and as long as you can make a few percent, there will be people looking to jump into it.

I'm certain that it's a very easy thing to set up an automated site where people can use Bitcoin to pay for these coins and from there make it look like the FB coins are a donation or legit transaction. I'm buying PayPal USD at a premium too (3% premium to be precise) when I want to fund my account, just so that I don't have my personal information linked to that account.
2058  Economy / Speculation / Re: What do you think the size of the FOMO going to be when it starts? on: March 02, 2019, 07:31:07 PM
The higher the price gets the higher the hype gets which is a bit good but also a bit bad. Now when price is at $4k it is hard to go to $5k, its hard to move higher because the hype is not there yet. When the price moves from $4k to $5k it is a bit easier to move to $6k for example.
It depends on how the price reaches certain higher levels.

If it's gradual growth, people won't experience much of that fomo effect. It really gets into people's heads when we pump like 100-200% in a matter of a few months, just like what happened back in 2017. I'm certain that if we do hit $10,000 again, but through a process of gradual growth, people will then still hope for a bull run to initiate, because for them a bull run means insane returns in a very short period of time.

However, if we take it even higher, when the price moves from $4k to $10k it is really easy to move from there to $20k because the hype is already there.
Again, it depends on how the price reaches these levels. Don't forget that there are so many resistance levels to pay attention to (and bots really do), that the jump from $10,000 to $20,000 might be a process tanking a full year. Only when we break the $20,000 all time high there are no resistance levels left and from there we might see a mad pump.
2059  Economy / Speculation / Re: Issues with contact less payments. on: March 02, 2019, 07:03:28 PM
The limits don't matter if you can get a name and an expiry date and the long number as they can spe d whatever they want to.

Not sure what card you got, but that's certainly not possible with my debit card.

In case whatever hacker manages to clone my card, there is nothing the hacker can do other than to utilize the €50 24 hour limit, which I will be notified about anyway. In order to change the amount or unlock certain features to enjoy more freedom with my tap2pay card, you need a special code that can only be generated with my banking calculator (hardware device).

I'm pretty content with the security measures my bank offers me.
2060  Economy / Exchanges / Re: #DeleteCoinbase - what is going on with Coinbase? on: March 02, 2019, 06:45:00 PM
You can't, really. You can close your account, and you can email their support and ask them to delete all the information they hold on you, but you have no guarantee that they won't just say they've deleted it but actually continue to store it. Given how generally shady Coinbase's behaviour is, I think it is more than likely that they will continue to hold your information.

IIRC, Coinbase (or any other licensed/registered exchange) legally isn't allowed to delete all user data they store on their servers.

The thing with verifying yourself at whatever exchange is that you should consider your private information to be compromised for ever. There is literally nothing you can do about it. Even the exchange's word that they did delete all your data is worthless. In case of Coinbase, they have violated their own terms to list XRP, and they have participated in insider trading more than once, so that's shadiness on top of more shadiness.

Down with Coinbase.
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