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2121  Economy / Economics / Re: Facebook Is Developing a Cryptocurrency for WhatsApp Transfers, Sources Say on: December 22, 2018, 07:21:57 PM
This idea about a fbcoin or a whatsappcoin is complete garbage and probably fake news.No need to comment such fake news.
It's not fake news. It's also not complete garbage because they can utilize it in so many ways, that it might even attract a whole new group of users they otherwise wouldn't be able to attract.

There is more to it than just the very obvious. Everything social media giants do is focused at increasing their user base, and I actually believe that they might succeed in doing so, especially if the marketing is done well.

I have seen that even a few local banks here are looking to launch tokens people can exchange for discounts on online purchases. Within 5 to 10 years probably every reputable site or service will have its own tokens.
2122  Economy / Economics / Re: Just sharing what I've learned about cryptocurrency businesses in Gibraltar on: December 22, 2018, 06:48:17 PM
Attracting investors during the ICO and then? If we start to see altcoin marketed as "Approved by <country name>" then we will have a debate in which country's approval  is better to rely on lol
Gibraltar is easy on ICOs, a bit too easy if you ask me. I'm not at all in favor of over-regulating certain markets, but in this case the lack of regulations inflicts more damage on retail investors than anything else.

The worst thing about these ICOs is that they prevent legitimate projects to develop because they simply can't promise investors golden mountains like what the throwaway ICOs do.

Can anyone tell me what ICO that ended last year is doing well right now? As far as I can see (without considering everything to be a shitcoin) it's only Tron that's doing well. They even bought BitTorrent which is super bullish for them.
2123  Economy / Trading Discussion / Re: Trading is a zero sum game. on: December 22, 2018, 04:49:51 PM
There are people who are so good in trading that they hardly experience loss while trading, and there are those who are still novice and lose money every time.
And how exactly do you know that there are people who hardly lose on their trades? Is it based on facts or just an assumption of yours? There are too many people online claiming to be an expert or elite trader.

If you look further, they mostly try to sell you signals or memberships to make a few bucks. What expert or elite trader needs these forms of income if trading is so profitable?

There is way too much shady business going on in this industry, all to make sure newbies who don't know shit about trading or investing will sign up and put all their faith and hope into someone's basic understanding of TA.
2124  Bitcoin / Bitcoin Discussion / Re: Why So Bloody Hard to Buy Crypto? on: December 21, 2018, 11:38:02 PM
The big issue in real term is that newcomers want to buy bitcoin and unlike
walking into a shop or buying something on ebay for instance it is not
instant.

The new buyer expects to spend the FIAT and receive the goods
KYC was to be expected with how the crypto market as a whole literally exploded. I remember back in 2015 and even a part of 2016 I could buy €10,000 worth of Bitcoin every 24 hours and have it be sent to my wallet instantly.

Currently the process is still instant (actually, near instant since they batch transactions which could take a couple of minutes), but the difference is that you need to verify yourself right now.

That being said, looking at how people have no problems sending all their private information to garbage ICOs, they also won't have any problem sending all that personal information to compliant exchanges.
2125  Economy / Speculation / Re: Today is 365 days since the last ATH on: December 21, 2018, 10:08:02 PM
But it's the knock-on of BCH, I don't believe it was solely responsible for the crash or this small recovery but I think they had a big part to play because they're so dominant in bitcoin mining.
It could have been a combination of factors. If you think about it, a heavily marketed hash war everywhere on social media, difficulty adjustment around the corner, then you'll be able to understand that there is room for fear to creep in.

The ABC chain at one point had like ~9EX and SV like ~4 while both combined before the split didn't even top 3EX. That's the disadvantage if you have multiple large parties competing for the same hashrate.

Overall, checkpoints made sure that neither of the sides had to continue stealing hashrate from people mining BTC. I wonder what will happen with the lawsuits against Roger and Bitmain. Wouldn't surprise me if faketoshi is stimulating it.
2126  Bitcoin / Press / Re: [2018-12-17] Only Binance and Bitfinex Do Not Fake Volume, New Report Finds on: December 21, 2018, 07:25:48 PM
Where is coinbase in that report? One of the leading exchanges in the world wasn't included.
Coinbase and other USD exchanges aren't listed because of how much higher the top exchanges are on the list due to their wash trading and other tricks. The top exchanges are all USDT exchanges, coincidence?

If you discard the USDT exchanges, which you definitely should since they in most cases aren't fiat entry points, Coinbase Pro is the absolute leader followed by Bitstamp and Kraken.

Bitfinex unfortunately doesn't make a difference between USD trading and USDT, because that would clearly show how little USD volume they generate and lose their top spot on sites as Coinmarketcap.
2127  Bitcoin / Press / Re: [2018-12-21] Bitcoin (BTC) Back Above $4,000 on Short-Term Optimism on: December 21, 2018, 06:46:49 PM
Oh, that altcoin has reached $202, and it's unbelievable that there's such an exaggerated increase in price
It's a desperate attempt to boost the value of Bitmain's holdings, because they own over 1 million BCH, and they can use every bit of positivity (at least, they hope so) in regards to their potential IPO.

The only question is--how long can they keep the price up above $200 because it will require tons of Bitmain's buying power to not let it fall down again, especially if you take into consideration that it went up like 150% in 3 days.

The fact that BSV is more or less forced to pump as well makes them see their holdings go up in value even further. I legit hope that they pump all their BTC in BCH and run out of coins as result. Parasites.
2128  Economy / Economics / Re: Fake Crypto News Of The Day: "Why Neo-Nazis Love Bitcoin" on: December 21, 2018, 03:06:04 PM
They're trying to keep prices low so they keep buying moar!
Not sure if that's what their intention is, but it doesn't work anyway. I'm sure it's more related to title matching sentiment type of business to squeeze out as much money as possible.

The very reason we're talking about articles with these titles proves that it pays off to keep doing it. The only way for these articles to become less financially rewarding is to have people ignore them as much as possible.

Honestly speaking, by reading the title I can't do more than conservatively smile because it's mildly hilarious. What's next, the KKK held a secret Bitcoin meeting?  Cheesy
2129  Economy / Service Discussion / Re: coinbase locking coins for 15 days. What?? on: December 21, 2018, 12:50:54 PM
I've heard good things from Bittrex if you're looking for an alternative to Coinbase.
Is that so? I honestly haven't seen much good from Bittrex in the last 12 or so months. They're known to aggressively freeze people's funds just like what Poloniex has been doing for even longer, and is still doing.

I don't know why, but the moment they tried to somewhat comply with the jurisdiction they operate in to become a fiat entry and exit point, they became crazy paranoid and that lead to their downfal and they are still not doing well.

Coinbase is the most compliant exchange in the industry, yet it doesn't force its will upon users like Bittrex and Poloniex do. Isn't it surprising? Bittrex and Poloniex were the largest exchanges at one point, now they're nothing.
2130  Economy / Trading Discussion / Re: Well played btc family on: December 21, 2018, 11:39:05 AM
I will just wait and see if the market is just bluffing or not. Will it ever continue to grow next year? I can't wait how everything would have change in a short time.
It's funny though. People first expect a firm bounce from the $3000 mark in order to have a better indication of support and a potential bottom, and when we have exactly that, it's still not good enough. Cheesy

I get it, people are conservative and have been tricked into believing a recovery was due more than once, but isn't it better to not expect anything at this point? Let the market do what it needs to do in order to bottom out properly.

I observe the sentiment of the mass and do exactly the opposite, and it worked well this whole year. CNBC has been a great indicator as well. Brian Kelly two days ago said that he was short and look what the price did, it went straight up.
2131  Economy / Speculation / Re: anybody buying some Bitcoin lately? on: December 20, 2018, 10:25:46 PM
Some people buy their bitcoin at price of $20000 so you are lucky that you buy bitcoin at that price because all people who buy last are now suffering in big losses. And, you are lucky to take one sweet spot in bitcoin.
People don't consider it to be luck, they strictly look at it as being a horrible event because they genuinely thought the price would break through $30,000 and probably even further, otherwise you don't buy at such levels.

Common sense would tell you to dollar cost average on the way down, but they are done with the market it seems. They are so frustrated, that they don't realize how useful it is to buy at current levels.

If you buy right now, and keep doing it below $5000 for a few more months, you significantly lower your overall buying price. Your break-even point won't be $20,000 anymore, but something far below the $10,000 mark.
2132  Bitcoin / Bitcoin Discussion / Re: [repeat] I AM HODLING on: December 20, 2018, 08:27:09 PM
I still hold half of my bitcoin because I sell the half of bitcoin last year where the price hit the $20000. I'm still waiting for the bull and green market so I can sell out the rest of my bitcoin and I will by new altcoin and I will hold it again.
What you mean with 'buy new altcoin and hold it again'? That you're aiming to buy into a coin that hasn't proven itself in the hope it becomes the next Bitcoin or Ethereum? I doubt you'll succeed by following that direction.

99.9% of the altcoins won't ever manage to blow up like that. In the short term some of them might do x100-x1000 but you can't possibly know which coin it will be. If you think utility matters here you're wrong.

Coins will pump regardless of the utility they rock. All that needs to happen is Bitcoin to start bubbling up, and the rest will follow. At the end of the day, it's your money so you decide what to do with it, but at least use common sense.
2133  Bitcoin / Press / Re: [2018-12-19] Bitcoin Payment Processor OpenNode Gets $1.25M From Investors on: December 20, 2018, 07:43:48 PM
$1 mill. That's really not a bad amount of funding considering the market.
It's perfectly sufficient. People have been distracted by the insane amounts of money startups managed to raise last year. In most cases startups got at least 75% more in funding than they actually needed.

We all know what happens when the price dumps and these startups start to get worried--they'll be the first to unload a part of their excess in funds. They don't care about anything since it's like free money for them.

Here is a video on youtube where someone in Switzerland bought a sandwich and coffee with Lightning, and the process was as expected, instant and very convenient. Real world use that is.
That's what I like to see. Didn't know there already were brick and mortar stores accepting LN payments. This shows that we're much further in development than most people think.

If we talk about LN, most people play it down as if it's something for next year or even after 2020, but it's good to see that it's active and actually being used in commerce as we speak. This signals confidence in the protocol.
2134  Bitcoin / Press / Re: [2018-12-19] Bitcoin Price Recovers Above $3.7K as Novogratz Predicts No Further on: December 20, 2018, 06:28:56 PM
Hopefully that bitcoin will be regulated and for that no one will be able to change market cap volume for bitcoin even the team that are managing the system.
Regulations aren't a stop to manipulation, we have seen that with traditional assets. People need to accept that manipulation is all relative, because not every large market movement is the result of manipulation.

Bitcoin's market lacks the liquidity to eat through concentrated sell orders, especially if there happens to be a large sell off due to stop loss orders being triggered, and it happens quite frequently. It's part of every market.

The price currently hovers over $4000 with decent volumes globally to back it, so it's interesting to see how long it will hold. I'm more worried about what's going to happen in January to April.

I'll keep dollar cost averaging...
2135  Bitcoin / Bitcoin Discussion / Re: We have to be aware that bitcoin will not last forever on: December 20, 2018, 10:47:13 AM
this forum still attracts people unable to get the reality.
That can be said about you as well. It seems that regardless of what the argument is, you write Bitcoin off each and every time. If one thing has become clear lately, that's the wrong thing to do.

On the other hand, yes, people indeed like to think way ahead of themselves in terms of Bitcoin's potential, but it's not entirely unrealistic. Stacking layers on top of Bitcoin and any other crypto seems to be the way to go.

The layers running in top of Bitcoin will be able to provide convenience, speed, extremely low fees, and so forth. The only obstacle based on that is the volatility this market as a whole suffers from.
2136  Economy / Economics / Re: Bitcoin and Inflation on: December 19, 2018, 04:05:14 PM
It is not, because we never know how many coins is lost that year. If none is lost then yes it is predictable. You divide number of freshly issued coins with all coins in existence.  But to get real inflation you need to divide with only all available coins. Not the ones that people lose private keys. And there is lots and lots of such.
Technically speaking, coins aren't really lost so it doesn't make much sense to discard them. Coins are lost because people don't see them move, but they can at any later point, and it actually happens frequently.

In 2017 we have seen very old wallets that were claimed to consist of lost coins suddenly have started to show signs of life again, and it happens even till where we are today with the bear market.

I have seen discussions where people wonder why some of these coins haven't been moving during the all time high last year, but are being utilized right now. It could have 1001 different reasons why these wallets are active now.

I don't even consider Satoshi's coins to be lost. They aren't moving, but there may still be someone or a group holding the private keys of the individual 50BTC block reward addresses.
2137  Economy / Economics / Re: On stablecoins on: December 19, 2018, 02:45:27 PM
I see them more as a problem than a solution, and the worst part of it is that, their relevance as against using fiat is something that is still questionable.
This problem (as you call it) is a glimpse of what people can expect the fiat system to turn into. It's just a matter of time before we aren't using fiat as we do it right now, but strictly use stablecoins or more precisely said, tokenized fiat.

What concerns me is that most people are likely to follow any path forward of the government as long as they keep the usability and convenience of fiat, but with a couple of more perks.

This isn't innovation, but purely a continuation of a system that has been in place for many decades. Instead of embracing the revolution and go decentralized we are sucked into more of the same shit.
2138  Economy / Speculation / Re: Tulip comparisons looking true now on: December 19, 2018, 12:45:29 PM
I believe he also has a point, many people really got burned. But when all is said and done, it is still a market with winners and losers.
People get burned because of their greed. They did it to themselves. We're dealing with a wide variety of markets in the crypto space, one more liquid than the other, but it's still crypto in the end.

Even Bitcoin has proven to keep falling below levels people considered to be extremely low already. $6000 was the bottom they said, well, we have seen that people's confidence in the market hasn't been rewarded.

The real winners are those who remained realistic and didn't get blinded by how much potential a certain coin has. That potential is worth zero when everyone is panicking and selling as result...
2139  Economy / Speculation / Re: No, the Price of Bitcoin Didn’t Drop Because of Bomb Threats on: December 19, 2018, 11:59:22 AM
Then how about when it skyrocket last year no one gave thread for the downfall. Guys create a topic which should be valid not irrelevant.
Generally, when the sentiment is bullish negative events are less likely to impact the market. The same goes up for positive events when the sentiment is bearish. It's basic market economics.

In this case it's purely a sensational title meant to draw clicks. Don't think anyone here seriously pays attention to these articles, especially when it's this ridiculously click-bait focused.

If these events had an actual impact on this market, we would see so many bomb threats that the effectiveness of them would vanish after a while. You can't endlessly exploit markets like that. People pick up on it quickly.
2140  Economy / Speculation / Re: When are you buying? on: December 19, 2018, 02:19:28 AM
what underlies you to buy bitcoin under $ 3k? why are you so sure the price of bitcoin will drop below $ 3k? the price of bitcoin has been stable for a long time at a price of $ 3,500 and in my opinion it is unlikely that it will drop below $ 3k.
People are talking without backing up their words, that we definitely have seen in the last months and even weeks. Literally nothing prevents the price from falling below the $3000 mark, but that's not even the main issue.

People stating that they will buy below $3000 will most likely NOT buy if it does happen to drop below that level, because they'll be waiting for $2500 to be reached in order to start "buying".

At $2500 they will wait for $2000, then $1500, and so forth. If you don't dollar cost average your entry points at current levels already, you're not a serious buyer, period. Those who are waiting won't pull the buying trigger.
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