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2121  Bitcoin / Press / Re: [2019-02-19]May The Real Satoshi Please Stand Up? on: February 20, 2019, 11:48:05 PM
Craig Wright and people like him are lying hard without giving a damn real proof.

Admittedly, it's an interesting character to read about.

I legit enjoyed his XRP rants, which in return resulted in the XRP shill army to flood his Twitter page. He's doing everything he can to generate as much publicity as possible, and thus far he has been extremely successful in doing so. Empty threats and being a jerk made him even more popular than he was before, and I know it's hard to imagine, but it's the truth.

The very fact that people believed he was in the process of dumping Bitcoin down to $1000 just shows how much of a fool people are here. He knows exactly what to do and say to make people fall for his circus show.
2122  Bitcoin / Press / Re: [2019-02-20] Google Introduces Bitcoin Symbol on iOS Keyboards on: February 20, 2019, 11:19:14 PM
It's a step in the right direction with that BTC sign but I'm not too hyped since I'm not planning to buy any ios based product.

It's just a matter of time before most mobile os's will have it included in their native keyboard symbol set.

I'm not that hyped about it either, because it's way easier to type BTC than to tap and hold the $ symbol, and then tap on the BTC symbol.

The only good thing about this is the media attention that it has been generating, and for once it's not negative but rather positive, so it's at least doing well in that aspect. The funny thing however is that most Bitcoiners don't see this as being a big deal, but the ones looking at Bitcoin from a distance think it's an important step forwards. I guess that we're spoiled brats. Cheesy
2123  Bitcoin / Bitcoin Discussion / Re: How many BTC Satoshi Nakamoto own? on: February 20, 2019, 04:41:49 PM
But one thing's for certain though, whoever started all this definitely has enough btcs to last him and a couple of  generations a comfortable life.

If that was Satoshi's main goal, some of the coins would have been sold or spent already, and that's not the case. On top of that, try to spend these coins, it's next to impossible to do anonymously because of how different agencies around the world would love to have a word with him, and extort him till he coughs up that whatever governments think he "owes" them.

Even worse, one tiny satoshi moving out of one of his thousands of wallets will result in a massive crash. I'm certain that bots are constantly monitoring these addresses to spot activity and dump as soon as they can.
2124  Economy / Exchanges / Re: Blacklist of exchanges. Independent rating on: February 20, 2019, 04:14:39 PM
Binance however - they claim you can trade ( funds in - funds out) without having to provide KYC (if you stay under 2 BTC per day). This is not the case.

Exchanges claiming things is meaningless, and the little history we have with crypto has proven exactly that. Bittrex legit ruined my legacy account while they said that they wouln't touch it initially, or at least, not subject it to the newer policies that would apply to new registrants.

Poloniex did the exact same thing before Bittrex. Poloniex refugees ended up using Bittrex, it then became one of the largest exchanges by volume, they then realized that Bittrex is doing the exact same thing as Poloniex did to them, and they ended up on a wide variety of exchanges after that.

Knowing this, people should no longer expect the exchanges they use to respect their prior statements or terms; they are the game, and they change the rules whenever they want. It's not for nothing that there hasn't been one single exchange on top for years. One exchange messes up, the other knows what they did wrong and use that in their advantage to offer a better service.
2125  Economy / Exchanges / Re: Your thoughts about KYC on: February 20, 2019, 03:55:45 PM
I'm personally against it because it defeats the whole purpose of crypto.

I'm not of that believe.

You always have a choice, and in case you choose to KYC verify yourself in order to utilize the services provided by a centralized exchange, then that's perfectly fine. It's the easiest way to enter Bitcoin, and once you actually own your coins, you can do whatever you want with them.

The purpose of crypto being decentralized and anti centralized entities isn't something that's forced upon people. I'm pretty certain that the far majority of the people don't even care about that. People just want to go in and out of exchanges and bank on what this market has to offer in terms of speculation.
2126  Economy / Trading Discussion / Re: Crawling down Binance's announcement of delisting currencies on: February 20, 2019, 12:22:07 PM
I wonder if there is something you can do to actually use this strategy to your advantage (to make money) as opposed to just cutting loses?
Imposible right now since you can't short utter garbage coins. If you could, there was an opportunity for quick profits, but the platforms who do offer altcoin shorts pick the altcoins they consider to be strong enough to remain listed on any exchange and likely won't be getting attacked through POW or other ways.

I guess there is not much you can do after all. Delisting on Binance is like a death sentence, the coin is doomed to go down continuously. 
The best thing people can do is to not invest in shitcoins below a certain market cap or volume threshold.
2127  Economy / Speculation / Re: CRYPTOS TO THE MOON???? on: February 19, 2019, 04:27:50 PM
But i think is too early to determine the bullish market will continue to happen as ethereum continue to pump cause different set of prediction were and what Mati Greenspan from eToro said is that the bearish market is not in hurry to leave.

It's definitely way to early, but the bullish signals are pretty healthy because it's backed by volume. In the end, it all comes down to how realistic people are (mostly not realistic at all, lol). The market being bullish in the short term doesn't mean the bear market is over, far from it actually. In order to get that confirmation, or an indication, we need to break through previous lower highs.

Ultimately, the ~$5800 level that offered support for such a long period of time last year will be quite an important level to focus on. It will be extremely hard to break through, but that for me would be an indication that the bear market ended.
2128  Economy / Speculation / Re: When Will Btcoin Get Back To $20k up ? on: February 19, 2019, 02:56:37 PM
We can't predict based on the historical price movements because the conditions are lot different in 2013 and in 2019 so the market will adjust based on it

That's what I thought as well, but it seems that the market itself is just as irrational as always, and we can see that the movements and cycles nicely rhyme. When the market participants have matured enough and care about fundamentals, these extreme cycles will come to an end, but it doesn't seem that we're even remotely close to that happening from where we are today.

Look at altcoins for example, pumping hard while they are as shitty today as they were before the pump. It's all speculative, people don't care what it is or how much utility it has as long as it goes up.
2129  Economy / Speculation / Re: CRYPTOS TO THE MOON???? on: February 19, 2019, 02:29:38 PM
This is going too steep too fast. It will correct.

Fomo now cry later, that's the name of the game for people it seems. Cheesy

As long as Ethereum keeps pumping, and there is enough time till the actual fork, I'm pretty certain that the sentiment will be bullish. I however see traders cash out profits a day or so before the fork, or right after the fork just for the sake of potentially getting free money in case of a split.

In the end, it does feel good seeing some green because that's what triggers people to buy. The volumes are solid, especially when it comes to CME. 60,000BTC traded in 24H. CME's volumes are double the the volumes of Bitstamp and Coinbase Pro combined.
2130  Bitcoin / Bitcoin Discussion / Re: Union Bank of the Philippines Launching Cryptocurrency ATM on: February 19, 2019, 12:16:23 PM
I know that some of the banks are against Bitcoin but this bank made moves that they will support crypto.
Banks aren't necessarily against Bitcoin, but it's more so that they don't know how to deal with it legally. There are so many grey areas concerning crypto in general, that it just isn't interesting enough for most banks to dig into this. It's easier to not do anything and let regulators stipple out the 'rules' than to dig into it right now and potentially risk severe sanctions.

Now I'm thinking of creating of creating account with Union Bank  Grin Grin
I assume that you're from Philippines yourself? Even if so, I wouldn't just create a bank account just because of something like this. Read their terms and conditions carefully. More likely, this ATM will not require you to have a bank account there, so it makes creating a Union bank account even more unnecessary.
2131  Bitcoin / Press / Re: [2019-02-18] Tim Draper Predicts Crypto Will Rule, Only Criminals Will Use Cash on: February 19, 2019, 12:00:36 PM
I will continue to use fiat, regardless of where Bitcoin stands in terms of adoption in the forthcoming decades. It's so convenient to have different forms of money work for you whenever you want, where one day Bitcoin is the better option to go for, and the next day it might be fiat.

I don't understand how people trash something they pay attention to the most. People pretend that Bitcoin will be the bomb, but all they care about is the fiat value to go up so they can cash out to fiat. If people were really so anti fiat, they wouldn't whine about the current bear market. Fiat is what matters here, and will continue to do so in the future, let's see things how they are. Roll Eyes
2132  Bitcoin / Press / Re: [2019-02-15] Argentina Settles Export Deal With Paraguay Using Bitcoin on: February 19, 2019, 11:48:16 AM
It would indeed be nice to have these articles contain more specific information, but what can we expect from lazy crypto news outlets?

We can't expect much from news outlets per se, but we can and should expect from people to ditch certain news outlets. All people are doing is donating free traffic to sites such as CoinIdol which benefits them and incentivizes them even further to post garbage, because it pays off now. If garbage articles are paying off, there's no reason for them to change anything, because their business model works.

In the end, this article only highlights that whoever the transacting parties are, that Bitcoin is a convenient manner to transfer value from one place to another.
2133  Economy / Economics / Re: How do Cashless Societies Cope with this Plot Twist on: February 18, 2019, 01:57:48 PM
I believe in same outcome, tokenization. What is jp Morgan doing right now? Fiat will disappear, I don`t doubt in that, but what is future bringing for all of us in uncertain.
Tokenized fiat is still fiat. It all comes down to who's backing it, and it's still the government with a bag of potatoes and a pair of stinky socks. JPM's 'coin' is just a value transfer tool for their clients for now, but if they have serious plans to have it become an actual currency-like unit that the average joes can use to pay for things, the situation will obviously change.

Now we have decentralized cryptocurrencies. What will stop someone to use anonymous zcash and force him to use some USDT or some other stable coin, government coin, corporation coin? We are entering in specific era, what will happen nobody can say, but war between centralized and decentralized sector is inevitable.
I don't think there needs to be a war. If there is a war, then it's more something that thrives on social media rather than it being an actual real world issue. Governments still have the best position within the currency game they created themselves, and I don't see that change with the mass having more faith in fiat than in crypto. Convenience plays an important role too of course.
2134  Bitcoin / Press / Re: [2019-02-15]Cryptocurrency Payments in Venezuela Subject to 15% Commission on: February 18, 2019, 01:33:35 PM
As far as I can tell it STILL doesn't exist in any form whatsoever beyond blag. I've seen photos of Venezuelan pensioners being given Petro IOUs which they must be absolutely delighted with. There's a good possibility it's never going to exist.

I'm pretty certain that most of what's allowed to circulate in Petro belongs to the elite there, while the average folks there will have to suffer for many more years to come. And even then, I do wonder if stores there actually accept it, because from all the videos that I have seen, and stories read, there is no indication of that, and a lot of stores there don't even have internet to begin with.

Another problem is that who in his right mind will exchange Petro for the native fiat currency that continues to plummet? In other words, I do see an economical split happen where people with Bolivars might not be allowed to buy goods with their currency in certain 'wealthier' districts.
2135  Bitcoin / Press / Re: [2019-02-15]Coinbase Users Can Now Backup Private Keys on: February 18, 2019, 12:33:37 PM
When was the last time you heard of a bank losing hundreds of millions of dollars of customers' money? Plus in most developed countries banks are insured against such losses anyway.

To say you don't trust banks, which are incredibly secure and insured, to hold your money, but you do trust anonymous, uninsured and often unsecured crypto exchanges is absolute madness to me.

Exactly! The only thing that makes me fear about the money I have in my bank account is related to governmental instability, and not the bank itself.

I remember a local case where an old lady was phish'ed off her funds, and while it was actually her fault, mainly due to ignorance, the bank refunded her in full. This doesn't seem like an evil bank trying to rob you off your money, or does it? This is why people will always want to use banks, they offer you peace of mind.

Crypto has a long way to go. Eventually banks will dig into this market and launch their own trading desks, and some are already working on it.
2136  Economy / Exchanges / Re: BINANCE - Suspicious exchange behaviour - KYC on: February 18, 2019, 12:09:36 PM
It's needs to pay attention with this concern and see how binance will act about this.

Binance isn't doing anything wrong here. It's just them slowly moving towards an exchange that's regulated enough to offer fiat trading services.

People expect an exchange to remain the same, but that's not how things work here, and we have enough evidence to back that up with other exchanges that did the exact same thing. It's like people still believe that things are different this time, because CZ is such a respected public face, but that's just retarded. He has a business to run and will do what's needed to comply from where they are right now.

The only non verified service I use currently is Bitmex, but it's just a matter of time before they follow and ask people to verify themselves.
2137  Economy / Service Discussion / Re: Reliability of Bitcoin mixing sites on: February 18, 2019, 11:09:44 AM
If we do make use of mixers then we cant really be sure if its 100% anonymous.

Right. People need to understand that 100% anonymity doesn't exist. All mixing services offer is an additional layer of privacy.

In the end, for me all that matters is getting rid of the exchange taint, and that's what mixers do the best. Even if certain agencies still manage to spot your movements afterwards, they can't be sure that it's actually you, and that's the beauty of it. Try to prove it's me. It's not worth the time and effort of digging any deeper into it with how it costs more in time and resources than they would gain from it.
2138  Economy / Economics / Re: How do Cashless Societies Cope with this Plot Twist on: February 18, 2019, 10:35:50 AM
Are you serious? Do you actually believe that FIAT will disappear just like that just because new methods of payment are available? I find it laughable that people actually believe something like this can happen.

It is a fact that people will always prefer FIAT over anything else like gold, Bitcoin etc due to their historical connection with it and it has proven to be far more reliable when compared to any other form of payment system.

I think so too. Eventually, I strongly believe that we'll see tokenized fiat, where every token is compatible with PayPal, MasterCard, Vista, etc. In other words, governments haven't pulled out their big guns yet.

In the end, people want something that works as money whenever they want, has a stable unit value, offers convenience, and more importantly, the ability to reverse transactions. People don't know how to take care of their finances. They will always fall for scammers or mess up themselves resulting in loss of funds. If that happens with Bitcoin, your funds are lost for ever, which is a pretty scary thought for people.
2139  Economy / Economics / Re: Another good news for cryptocurrency in the Philippines on: February 18, 2019, 10:18:57 AM
The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.
Not sure if CoinGeek is the best news outlet to consult in this case. They are known to be anti Bitcoin, and basically anti every other altcoin that isn't BSV.

Generally if purchased properly property rises in value over time.
Consider to purchase a number of properties and rent them out.
It's good in terms of wealth preservation, but it's not something I would be looking to do right now. Currently there are way more exiting options to invest in with Bitcoin and other types of projects, and of course, with much higher profits. Thus far, everything of significant value you buy with Bitcoin will make you regret having done so during the next mania.
2140  Economy / Speculation / Re: Bitcoin is currently in an uptrend reversal. on: February 18, 2019, 07:54:42 AM
You don't really need any further TA or rocket science in order to know that we are already at critical levels when it comes to how much a nocoiner can stand on the sidelines waiting with their fiat bags to get in at a perfect price.

No-coiners will very likely not even enter if the price tanks to the $2000 level, or even $1000. That for them is a confirmation that Bitcoin will die or is a scam.

Most people buy into this market because they see the price go up, and that applies to the stock market as well. It's just how they think. In the end, most people thinking to buy the perfect bottom are wasting their time waiting. If we end up seeing one last selloff, it will be a quicky, only bots and preset orders will manage to buy you into near the bottom levels.

All the fools waiting for the market to be generous and offer them enough time to buy the ultimate bottom are delusional.
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