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2081  Economy / Economics / Re: Is Tether Supply a driver of Bitcoin Prices on: July 05, 2019, 02:13:08 PM
when you want to come up with an analysis you can't just sweep things that aren't to your liking under the rug and simply ignore them. it is like saying bitcoin is in a downtrend in 2017 and ignore the obvious rise!!!

in this case nothing about Tether supply or its creation has changed over the past couple of years. specifically in 2017 AND 2018 but these two years are exact opposite of each other and none of those shitty articles that you have read about Tether ever mention this because they want to sweep it under the rug!
so unless you can find any logical reason why all these theories they keep publishing for 2017 and 2019 did NOT work in 2018, i am calling bullshit on all of them.

the fact is, Tether doesn't even affect bitcoin price and majority of bitcoin traders are trading bitcoin with fiat and only use Tether in their ALTCOIN trading on ALTCOIN exchanges since most of the bitcoin exchanges don't even have Tether!!!
2082  Economy / Speculation / Re: This Is Your Last Chance to Buy the Dip Before Bitcoin Pierces $20,000 on: July 05, 2019, 02:06:32 PM
As we notice the market behavior, I've never think that the line will directly straight into high and don't believe any saying "this is the last chance".
Anytime we can possibly be in dumps, or we can be at $10k tomorrow, how this last chance makes sense if the price will drops down from its buying price today? It surely a big regrets for us.
But anyway, either we go for the price today or not, it is our decision.

Even thou in crypto everything is possible, people still don`t understand that completely. Price can really drop, or rise in any moment, nobody can say with guarantees what will happen. It`s on us to buy and sell when we think it`s the best, from timing we choose for one of those two operations will depends profit we make, or money we lose.
I`m saying here for years, people should never believe in anything 100%. Tops and dips should be tested all the time, with amount of money you feel comfortable with, in that way to always have something left to buy if price goes deeper, and never sell everything in case the price go higher.

actually things aren't as bad as you think they are. it is right that the market has a certain unpredictability attribute and there are times when we are surprised to see a certain move that we couldn't expect. but the big picture has always been crystal clear about bitcoin.
in fact that is why most of those who predict bitcoin price always do it in the long term like saying it will reach X in 2020 instead of saying it will reach X next week.
2083  Bitcoin / Bitcoin Discussion / Re: BEWARE OF IMTOKEN 2.0 BITCOIN WALLET. on: July 03, 2019, 03:18:29 AM
first make sure that what you have is actually "bitcoin" and not something else that someone sold you in the name of bitcoin but in fact were a shitcoin with the word "bitcoin" in its name.
for example they have been selling "bitcoin cash" which is a shitcoin as bitcoin to a lot of newbies for 2 years now.
in your case it seems like you have bought a token that had the name  "bitcoin" in it which is why you don't see your balance anywhere else.

With all due respect, I sent the bitcoin there myself and that nothing to do with bitcoincash. Did you take out time to read where I said I have moved the fund to another wallet? Please let's always reply within the purview of the matter discussed. Thanks.

i didn't say you moved bitcoin-cash. that was just an example of a very common case where people receive an altcoin thinking it is bitcoin and try sending it to a "bitcoin wallet they later create" and that is the time they get confused why their coins aren't getting to their destination.

in any case, if it was actually bitcoin you received, can you share with us the 2 transaction IDs: the one you that received coins and the one that you sent to your other wallet.
2084  Bitcoin / Bitcoin Discussion / Re: Multiple Projects Accuse Exchange of Being "Coordinated, Chinese Criminal Group" on: July 02, 2019, 05:31:11 PM
It came to me as a surprise! I initially thought IEOs are little more safer than direct ICO route because an exchange is involved in the whole process eeds no matter it is an ICO or an exchange! 

the only difference between ICO and IEO is in the order things happen.
in an ICO they first create the shitty token and scam people with it and then attempt at getting it listed on an exchange by paying them so that they could dump it and get the money they scammed out.
but in an IEO they first pay the exchange to list the shitty token then create it and scam people with it while it is being advertised by the exchange. and then they dump it easily and faster since it is already listed on the exchange.
2085  Economy / Economics / Re: Can not believe 5 years ago you could of bought one whole bitcoin for this much! on: July 02, 2019, 05:21:32 PM
that's the thing with bitcoin and long term. because of its potential and usefulness it will continue rising like this. sometimes you just have to blink in order to miss the chances to buy it at a discount.
besides why are you going so far back as 5 years! why not just 5 months? the funny thing is that 5 months ago you could have bought 1 whole bitcoin with only about 1/4 the current price. in a couple of months from now the same thing will be repeated...
2086  Economy / Speculation / Re: This Is Your Last Chance to Buy the Dip Before Bitcoin Pierces $20,000 on: July 02, 2019, 05:08:04 PM
if most people used these "last chances" to "buy the dips" then we would have never seen all those big FOMO buys where they panic and start pouring their money in after the price had gone up a lot.

Bitcoin Price Could Sink to $7,400 as Traders Secure Profits
well you were all saying the same thing when price was in the $3k range. everywhere you looked some yellow website was predicting $1000 with their wedges and all the lines they drew on the charts Wink
2087  Alternate cryptocurrencies / Altcoin Discussion / Re: Can we trust Libra after Facebook kept fail us when it comes to privacy &data? on: July 02, 2019, 04:56:38 PM
Libra will turn FB into the largest bank in the world (User base wise)

i haven't yet heard of any good reason why people keep repeating this!
just because a lot of youngsters are wasting their time on their social media it doesn't mean they are also going to use their payment processor services called Libra too.
2088  Economy / Speculation / Re: What. Bitcoin price dropped to 24€/BTC on: July 02, 2019, 04:43:09 PM
it is possible that they do it intentionally to wake some people up and cause FOMO Cheesy every now and then (possibly somewhere around 6 months mark) these price reporting websites hit a bug or something like that and go crazy like this.
at least this time it seemed like it wasn't their fault as cloudflare screwed the entire internet!
2089  Bitcoin / Bitcoin Discussion / Re: The time of seriousness is disappearing on: July 02, 2019, 04:25:44 PM
the only thing that this topic and the links show is yet another proof that news sites are moving with the wind, in whichever direction it is blowing. i have not seen any actual analysis and speculation on any of these sites for many years now. they just publish crap about where price is going with the addition of exaggeration. the quotes are there to make the article look good.
2090  Bitcoin / Bitcoin Discussion / Re: BEWARE OF IMTOKEN 2.0 BITCOIN WALLET. on: July 02, 2019, 04:17:45 PM
first make sure that what you have is actually "bitcoin" and not something else that someone sold you in the name of bitcoin but in fact were a shitcoin with the word "bitcoin" in its name.
for example they have been selling "bitcoin cash" which is a shitcoin as bitcoin to a lot of newbies for 2 years now.
in your case it seems like you have bought a token that had the name  "bitcoin" in it which is why you don't see your balance anywhere else.
2091  Economy / Speculation / Re: Calculate how much is Bitcoin? on: July 01, 2019, 04:49:21 PM
and if it drops to $10 the cost of minng will drop to $10 too.
Not necessarily. The cost of mining depends on how efficient each miner operates, and even on how long they are willing to mine at a loss. It's not entirely uncommon for miners to mine at a loss.

The most efficient operations tend to sell enough of their coins so that they can manage to mine a certain number of months without gaining anything back. Miners even short Bitcoin to cover the risk of falling prices.

In the very long term when prices don't recover and miners run out of their reserves they won't have a choice but to give up or significantly shrink their operations, but Bitcoin as it is right now is too bullish for that.

my example wasn't meant to explain different possible scenarios. and you shouldn't take the numbers literary. my point was that to show that you can not predict the price based on the  cost of mining because the cost changes with price not the other way around.
maybe it was better to tell that example this way:
if price were $100 and cost of mining were $100 and bitcoin price fell down to $10, the cost wouldn't stay up at $100, it will also drop and it certainly can't keep the price up. alternatively if cost were $100 and price went to $1000 the cost will also rise after the price and can not keep it down.
2092  Bitcoin / Bitcoin Discussion / Re: shortest way to explain blockchain to a noob. go: on: July 01, 2019, 04:38:06 PM
it very much depends on the newbie! you can't give the same answer to everyone.
for instance to most newbies that i meet in real life i usually focus on telling them not to fall for the "buzzword" that is blockchain and has been used to hide the fact that they were scamming them. so i guess my "short way to explain" blockchain would be to not fall for the hype, and just because someone is talking about it that doesn't mean what they are selling you is any good.
2093  Bitcoin / Bitcoin Discussion / Re: Uganda says cryptocurrency is risky on: July 01, 2019, 04:22:54 PM
in other words Uganda just did what 90% of other countries have done at least 5 or 6 years ago and deemed cryptocurrencies risky and even issued warnings about them. that is not news! specially when it is coming from a bank which they are always going to be threatened by bitcoin because it is decentralized and out of their control.
2094  Bitcoin / Bitcoin Discussion / Re: Bitcoins Us dollar evaluation might crush globally once euro replaces US dollar on: June 29, 2019, 05:17:24 PM
Even if we assume that this happened and that the USD value tanks (which isn't necessarily a given), Bitcoin should still trade for the same general fiat value, maybe higher on USD and lower on EUR but still according to the two currency's exchange rate with each other. I don't see it affecting Bitcoin's value in any signifcant way, so why does it matter?
Right. We have seen the same happen when Bitfinex went through severe problems. People celebrated Bitcoin's value against Tether that started pumping, while the USD value didn't move at all.

People completely disregarded how efficient and self regulating this market really is. Bitcoin against Tether only pumped because it lost its peg to the USD negatively, and the same will happen in OPs example.

If anything, if the world reserve currency implodes, the Euro will be next. This will stimulate people to no longer calculate prices in fiat but in satoshi units. It's just a matter of logical thinking.

Also, I would say that in percentages it's much less than 1% of a chance that the USD will implode in the next 5-10 years, while it's more like 10% of a chance that the Euro will implode. It's much weaker and already very shaky.

true but we can't compare the two together. when Tether tanked and bitcoin value against it went up, nobody cared. the real "value" of bitcoin remained the same so it went up against USDT to keep the value same as before.

but if USD tanks the same thing will happen but also since it is a serious matter people will want to run away to assets that provide then security and aren't controlled by the same government that caused the crash. bitcoin becomes a shinning option which means there will be a lot of demand overnight shooting the price to the moon.
2095  Economy / Economics / Re: Is bitcoin volatility here to stay? on: June 29, 2019, 03:42:42 PM
it has already decreased. if you check the history, years ago like in 2010-2013, it was very easy to manipulate the market and that meant a high volatility. for instance bitcoin history has a big bubble in 2013 where price went up about 500% in one month and reached $1200 later we found out Mt Gox (the dominant exchange of that time having 85% of the volume) manipulated the price.

today however we can no longer see such things and no exchange has any more than 10% of the volume and in most cases they only have 2%.
the wild swings have also decreased and all of it suggests growth in the market, less manipulation and harder or reduced volatility.

it is reasonable to assume this trend is going to continue as bitcoin market grows in size.
2096  Economy / Economics / Re: The Risks and Rewards of Cryptocurrencies on: June 29, 2019, 03:17:03 PM
being volatile is not the problem and it can not be considered a "risk" in my opinion. take a look at bitcoin ,it has been volatile for all its life but it still is a very good currency and/or investment. the reason is because volatility is the product of having a small market on exchanges.

the problem is when volatility is not because of smallness of the market but it is because of manipulation. for example no matter how much money goes into altcoins they will remain highly risky because their volatility is product of pure manipulation which people call pump and dump.
2097  Economy / Speculation / Re: Why is bitcoin dominance climbing in this bull market? on: June 29, 2019, 03:02:16 PM
Perhaps people have come to realize what the real coin is in crypto space.
in 2017,lots of people spent money in altcoins and ICOs thinking that btc price was too high but it went on upto 20K, this time round, they don't wanna miss the rise to 20k atleast  Grin

but this is not the first time the "dominance" change happens. practically every time in the past that bitcoin started reversing out of its bubble burst bear market, its so called dominance grew because people saw the bitcoin rise and dumped altcoins immediately.

the only difference now is that because of the 2017 large number of shitcoins and ICOs that percentage changed a lot more compared to the past so it became noticeable. otherwise the trend is exactly the same.
2098  Bitcoin / Bitcoin Discussion / Re: wallet Satoshi or not? on: June 29, 2019, 02:53:02 PM
you can't just post a completely random bitcoin address and talk about Satoshi without even providing 1 line of information about WHY the hell you think it is related to Satoshi!

there are tons of addresses similar to this one that have been active in early days and belong to other people.
the silliest part is that the address was first seen on 12/2010 which is 2 years after creation of bitcoin! and by that time bitcoin was being traded and price was already $0.25-$0.5
2099  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin remains the king of Crypto Market? on: June 29, 2019, 02:35:03 PM
you have already answered your own question!

there can be a new coin some day that takes bitcoin's place but so far we have seen thousands of new coins and none of them were even good let alone want to come close to bitcoin to take its place Wink
2100  Economy / Speculation / Re: Why is bitcoin dominance climbing in this bull market? on: June 28, 2019, 05:32:59 PM
When BTC finally slows down and enters a mid term range, things will start to feel "boring" again. Then you know what time it is. Wink

It might be a bit different this time. I don't think we'll ever see the altcoin space as a whole boom the way it did back in 2017.

i don't see why not. there are still lots of new investors coming in bitcoin every day who will then be exposed to bombardment of advertisement of different altcoins promising them "better" coins and "better" profit. with the pumps, a lot of  them will be attracted over there.
we have also see some signs of the same pumps this year as pumpers started pumping a lot of different altcoins each 200% to 500% before bitcoin started rising fast.
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