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2081  Bitcoin / Press / Re: [2019-02-19]9 Major Advantages Cryptocurrency has Over Credit Cards on: February 26, 2019, 01:26:07 PM
It is they that governments recognize as legal means of payment and if we want to change that, we have to convince governments to accept cryptos as a means of payments, but do not get into fights like: "cryptos VS credit cards" because it will only make things worse

Convincing the outside world that Bitcoin is a great means of payments is done by using it as such, not by speculating like a bunch of empty headed baboons. Most people say they want to see Bitcoin replace fiat, but they don't actually mean it, they just echo the general sentiment within this ecosystem to be cool and hope that their bags will pump.

Fiat isn't all that bad as day to day currency as long as you avoid debt. Money should be spent without thinking about unit values, and that's one heck of an aspect crypto in its entirety needs to catch up on. As long as fiat has that advantage over Bitcoin, I will continue using fiat more as a day to day currency. Bitcoin is more a currency of the internet in that regard, and that's fine too.
2082  Bitcoin / Press / Re: [2019-02-18] Tim Draper Predicts Crypto Will Rule, Only Criminals Will Use Cash on: February 26, 2019, 12:56:16 PM
Edward Snowden revealed some very interesting data about how NSA is working on tracking bitcoin transaction and link them with senders / recipients, and this was back in 2013. It's pretty certain that today NSA (or some other agency) have even more efficient tools for the identification and tracking transactions.

Technology advances, so do their tools to track and link blockchain activity, but I'm certain that their best tools aren't even known to the public yet, and probably won't be for many more years to come. I'm grateful that we have mixers to at least obfuscate some of our taint, which currently is the most we can ask for.

People also tend to underestimate how dangerous it is to claim fork coins, especially when it comes to cold wallets people didn't access for years. I can't even begin to imagine how much they already know about us, while we assume that we're fairly anonymous behind our VPN's or TOR. The main reason we're not getting our ass whooped is because we're not a large enough fish.
2083  Economy / Speculation / Re: Bitcoin factors drop in 2019 and now. on: February 26, 2019, 12:15:54 PM
i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.

Noobies can say, but but, they sold the news.  Cheesy

In all seriousness, news is barely the result of any actual move. People blindly assume it is because the price coincidentally was already going up or down at that point or slightly after the event. We had so many news events that people believed was the reason the price was tanking (e.g. social media attack on crypto advertisements, stricter regulations in Japan, South Korea, etc) that it's almost a miracle we're still above $3000. Cheesy
2084  Economy / Speculation / Re: Bitcoin up to 4100$ on: February 26, 2019, 11:12:27 AM
I can't wait to see the price above $ 5,000.

Could turn out to be a long wait.  Cheesy

We have to get rid of bag holders and short term traders/investors looking to secure profits every few % we increase from where we are. If you also take into consideration that the shorts are nearing 10 month lows, there won't be a short squeeze fueling a potential pump either (not that short squeezes are that viable anyway; most of them have been sold down in a matter of days).

My target for this year is breaking $6000 but it will turn out to be the main challenge of this year. Major support levels become major resistance levels once broken.
2085  Economy / Economics / Re: Vitalik buterin suggests ripple is better than BTC. on: February 26, 2019, 10:02:36 AM
A little strange, why does Vitalik promote other coins instead?
He doesn't. He's open minded enough to have other projects 'rent' his knowledge and connections.

So curious about his statement, even though Eth has a better chance to continue to rise and be under bitcoin.
Many Eth communities want Eth to remain strong and become an altcoin that is a more innovative and popular platform.
Vitalik has trashed his own coin numerous times already, and he'll keep doing that because he understand where it lacks, and he isn't shy of speaking out how hard it sucks in certain fields.

---

Institutional adoption™ and Partnerships™, that alone says enough.

He has spoken out against everything that's centralized last year, and XRP is just a muscular version of a privately owned database.
2086  Economy / Economics / Re: Bitcoin Whales have accumulated thousands of coins in last 2 months on: February 26, 2019, 09:48:43 AM
It's safe to say that traders/investors have seen their stacks at least double after the 2017 high, and it makes sense. It has been happening for years where after every bull run, the correction is utilized to amass more Bitcoins. Big pockets become even bigger with how they are being fed coins by noobies and get rich quick panic sellers.

The biggest losers so far are the crypto related funds, where most of them had to unload everything and just exit the market entirely.
2087  Economy / Trading Discussion / Re: Binance should stop Launchpad service and pump dump on: February 26, 2019, 09:03:42 AM
Binance is a money making machine, they will do everything they can in order to generate volume and attract new users.

I do agree that it's quite bad for the legitimate projects overall, but there is nothing you can do other than stop buying ICO's and warn your friends and family members to not invest in them. Seriously, the far majority of the people only lose hard with ICO's, so the odds of you buying into an ICO (directly or indirectly) and lose money in the process is greater than you making money off of it.

Poor Ethereum, back in 2016/2017 it was the bomb, now projects have way more choice, plus the best option is Binance given their position in this market.
2088  Economy / Trading Discussion / Re: Binance website Network Unavailable? on: February 26, 2019, 08:38:56 AM
Okay I am back logged in.  That was weird. It was unavailable for at least 10 minutes...hm Undecided  No. I did not like that.

Network unavailable isn't a message an exchange would return to you. It's your OS doing so because whatever device you used to access Binance, lost connection temporarily.

You can be sure of the fact that if the problem was indeed on Binance's side, people would go nuts because of how exchanges going down out of nothing is a sensitive topic understandably.
2089  Economy / Exchanges / Re: XRP is launching on Coinbase Pro - Finally! on: February 26, 2019, 08:03:41 AM
Coinbase dropped its guard, they just can't handle the extreme competition in this field anymore, so we can expect a shitload of other securities to be listed this year.

It would have been a nice shorting opportunity if the price pumped harder, but this seems rather disappointing if you consider how badly XRP hooligans were speculation about this being a game changer. I do expect EOS's listing to at least fetch a 20-30% pump which I'm looking forward to to short. Coinbase has been pretty generous with their shorting opportunities in the past.
2090  Bitcoin / Press / Re: [2019-02-19]Bitcoin Price Hits $4,000: Is this the Start of a Bull Run? on: February 25, 2019, 02:01:57 PM
These are probably the same people who were complaining at $15,000 that they missed their chance to buy in cheap. Well now it is cheap, and instead of buying they are panic selling at every tiny drop. I just don't understand them.

It's pretty common within markets that people buy that what goes up and sell that what goes down. In other words, price up means they expect it to go up further, price down means they expect it to go down further. I was like that as well back in my very early crypto days. I was here solely for the profits and didn't care what it was that I bought and sold. It's a convenient way to rekt yourself.

Losing money doing things is still the best way to figure out that what you do is wrong. People will figure it out one day. Some need to be rekt twice to do so.
2091  Bitcoin / Press / Re: [2019-02-20] Google Introduces Bitcoin Symbol on iOS Keyboards on: February 25, 2019, 01:34:19 PM
This is the reason why I stopped reading news on untrustworthy crypto websites. They are trolling and they are trying to manipulate people's opinion with such a bad way.
There was not any reason of trying to FUD Ethereum, yet they did.

It's a test. If people take these articles for granted without doing their own research, which in this case would be a very easy thing to do, it's actually you that's on the wrong side of the road.

I do however see the fun of this stunt as Bitcoiner, and you can be sure that it was a success if trashy news outlets blindly copy and paste articles just to scoop up a few ad pennies. It wouldn't even surprise me if some of these news outlets have an automated process when it comes to stealing articles from other sites and publish them as their own.
2092  Economy / Speculation / Re: Ways to Raise Prices bitcoin on: February 25, 2019, 12:52:52 PM
one way to do that would be for exchanges to set aside some assets as a guarantee of them having funds to pay their users in case they lost their coins in case of hacks,... that we have been seeing in the past 10 years. and some sort of legal enforcement in place to guarantee their honesty and enforces them to pay up in case they were hacked so the users aren't the ones being scammed because of exchange incompetence.

Exchanges have very little capital of their own, especially the ones that have started more recently.

With time, most of the current crypto exchanges won't exist anymore. The legacy financial institutions will outcompete them based on how most of them won't be able to comply due to how the regulations become harsher.

Banks already have our money, so the most logical step is to offer a trading desk themselves. Instead of money leaving the country to some shady ass exchange, it will stay right there where it is and you very likely will be insured the similar way the money in your bank account is insured. We need patience for this, but the signs of them catching up are there already.
2093  Economy / Speculation / Re: 🔴 🔴 It's happening! It's happening! It's happening! ⭕ ⭕ on: February 25, 2019, 12:24:25 PM
Some people that sold btc at 4K USD are going to regret about it,despite the small profits they made.
That's what we have leverage for. It's pretty hard to find people nowadays who don't leverage their trades. In the same way, people tend to mock the Gold price for being stable, but again, that's what we have leverage for, and way more extreme than what Bitmex offers with their 100x feature. In legacy markets it goes well beyond 300x, now try to trade that. Cheesy

They really can make the price go up if they want to but accumulation still is the first goal to concentrate.
The only thing McAfee can pump are shitcoins because the average IQ there is well below that what represents the average Bitcoin investor/trader.
2094  Economy / Exchanges / Re: 2018 Crypto theft overview on: February 25, 2019, 11:33:03 AM
I don't know what is sadder, the losses or the fact that these thefts could've been easily avoided If only people took some basic security measurements.

Ah, well, people have to be reminded of how unsafe/unfair the real world is, and thefts/hacks/scams are part of that.

The problem that people here struggle with is that they believe that because we're further in time, exchanges are subjected to more regulations, that they're safe and sound, but that's obviously not the case. Coinbase is the perfect example of how one single exchange managed to obtain so much of people's trust, that they hold almost 900,000BTC in their cold wallets, and then they have a giant stack of hot wallet coins.

What happens with trust as time goes by? It breaks one way or another.
2095  Economy / Exchanges / Re: 2019 Cryptocurrency Exchange Platform Fees Reviews on: February 25, 2019, 10:56:18 AM
It's a decent list but you should make the fee structure clearer. Binance, for example, has a different fee structure for trades settled in its own token.

It would definitely be a useful addition, but the thing with these in-house tokens that grant people lower fees or cashbacks, is that while trading, the value of the token could very likely tank hard, because it doesn't tend to follow Bitcoin, but follows whatever the exchange comes up with. In other words, the advantage you believed you had turns out to make you lose money.

Another thing to take into consideration for OP are the volumes generated, because the more volume people generate, the lower the fees will become.
2096  Economy / Web Wallets / Re: blockchain.com outgoing fee optimization on: February 25, 2019, 10:39:04 AM
Hi LFC. Has the service provider heard your complaints yet?

It doesn't matter what issues/bugs people report to blockchain.com, they haven't done anything but ignore their users in the last couple of years.

If you've been here for a couple of years, and used their service, you'll know that the same bugs people kept complaining about are still present, which is quite a sign of incompetence and the fact that they don't care. Every reputable service fixes its bugs, but not blockchain.com unless it's an urgent one. Steer clear of this site.
2097  Bitcoin / Bitcoin Discussion / Re: 🔴 🔴 It's now possible for everybody to be Satoshi ⭕ ⭕ on: February 24, 2019, 11:06:39 PM
That Craig Wright personality is just actually using the situation to create a good name for himself and I guess he is already making some money with it.

It's the only way for him to remain relevant. If he stops pretending to be Satoshi, there is nothing left about him that's interesting to follow or cover when it comes to news outlets. He's a nobody that needs to hire developers to code for him and rent hashrate to mine with.

This tough keyboard gangster contacted miners if they would be willing to rent hashrate to him, which he obviously can't keep up for long. It was just a matter of time he gave up on the 'hash war' he started, and when you take the checkpoints they implemented in consideration, this whole 'hash war' was an ego battle all the way through.
2098  Bitcoin / Press / Re: [2019-02-19]Bitcoin Price Hits $4,000: Is this the Start of a Bull Run? on: February 24, 2019, 10:29:30 PM
The new bull run will start when people will stop reacting to price increases like this with the words "is this new bull run" and instead will be saying "it's a bull trap".

People think like that because they have bags to unload, which they firmly kept holding all the way down.

The bullish sentiment that was going through the market has taken a massive hit, and we got rid of selling pressure in the process. The first fragile looking support is around $3700 where another reset will very likely bring us back to $3500 which I will be looking to long in that case. Short term speaking (max a few months from here) I do see higher highs locally and potentially test $4800-$5000 levels.

If you keep testing the same resistance levels over and over, they'll break eventually because it indicates demand to the up side.
2099  Bitcoin / Press / Re: [2019-02-15] Countdown begins for new BTC ETF on: February 24, 2019, 10:01:11 PM
The SEC used that as an excuse to deny all previous submissions <even though Gold and Silver prices are being manipulated globally by syndicates> I think it is OK for them, if they can identify these syndicates with their surveillance software on their platforms or to hide their actions.  Roll Eyes

It also comes down to accountability. It's known to regulators who the manipulators are of precious metals, because most of the paper demand is generated within the US, and within regulated platforms, unlike Bitcoin which is largely driven by Asian exchanges the SEC can't do much about.

I'm certain that with Bakkt and the Nasdaq going live and generate decent enough volumes, it's more likely than ever before to see the SEC approve an ETF, especially if CME's volumes continue to grow on top of that. CME traded 91,000BTC in a single day last week, which is insane. Real dollars being traded here, no empty Tethers.
2100  Economy / Speculation / Re: Let's analyse Bitcoin's recent market rise on: February 24, 2019, 09:38:26 PM
This is what I've been talking about a bull trap activated and now look at the price it just drops to $3.7k. If someone bought it when it was $4.1k, i feel sorry for them for not thinking that it is just a bull trap.

Traders work with stop losses, so the minimal damage shouldn't be problem in that case. It's important to adjust to whatever the market presents you, and when it was clear that we formed another local top that bots were selling, you could have made a pretty penny shorting even around $3900ish levels.

It's still quite bullish though. It's the fourth time we tested the same resistance levels, and I'm certain that it will break in the forthcoming weeks, perhaps few months at most.
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