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2141  Economy / Economics / Re: Idea for Price Stability - Ban Robot Trading on: May 28, 2017, 10:55:02 AM
The prices right now are changing so drastically in a very short amount of time.  I feel like this is mostly due to automated high-frequency computer trades. 
no it is not because of that.
it was because of the series of good news that came out from Japan and a couple of big countries such as Russia about legalizing bitcoin that everyone who was already in decided to invest more. and then the wave of fresh money came in from new investors causing the big rally.
the drop was also because this rise happened all too fast and as a trader you want to cash out to make profit. and as you can see we are at the real price of $2100 ish once again. and that fall is called correction.

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Do you think there would be any difference if this were banned?  Say the government outlaws that and all trades are done manually?
i believe your questions and confusion come from the fact that you have never used a bot before in your life and you are making some assumptions. i suggest trying one and see how it is really not that different doing the trades with a bot or without it.

a bot is just giving you more options than the platform itself has.

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This market is so speculative I can't see any time in the near future that volatility decreases.  Maybe once Bitcoins reaches mass adoption in 5 to 10 years.

Compared to the stock market, I don't know if I've ever seen a $40B market cap stock jump around like this.
it is the size of the market. it is too small right now. and price is mostly determined in the exchanges and with a quick look you may think the order sizes are big but when you compare it to your stock market you can see that they aren't really that big in comparison.
2142  Economy / Speculation / Re: Danm ! What the f*ck is Hapening ? on: May 27, 2017, 12:45:26 PM
a couple of days ago when everyone in altcoin board were saying this is a big bubble and were warning people to get out before the altcoin whales start dumping, nobody listened and now here we are at the dumping actually happening and now the freak out and the panic sells.

always try to be ahead of the market.
2143  Alternate cryptocurrencies / Altcoin Discussion / Re: The next step for the evolution of Altcoins on: May 27, 2017, 12:31:43 PM
the next step for "evolution of altcoins" is when some new altcoins are created that does not exist out of greed but to function as a currency.

such altcoins won't have any premine, won't need any ICO, they won't be centralized, there won't be any pump and dumps in them, only consistant and strong price rise.

the developers of such coins won't be greedy wannabes who only care about becoming a millionaire overnight. they will instead focus on real features that can get the real adoption going for them not features that can cause bigger price pumps.

... i long for that day.
and i assure you none of these altcoins that you are naming will survive!
2144  Economy / Speculation / kwukduck the hits, or a walk down the memory lane on: May 27, 2017, 12:13:10 PM
lets take a look at the history of the duck and have some fun because apparently i've got nothing better to do  Cheesy
make sure to look at the dates of these posts not just the text Wink
Maybe you learned a lesson? Get out while you still can, we will go down HARD very soon as the governments come cracking down on btc.
Bitcoin is already dead, haven't you been reading the posts here lately? Cheesy
In fact, it was declared dead already in 2011, 2012, 2013, it's still dead.
I had hoped we wouldn't break this indicator, but we have, and quite so.
We can expect sub 100 in a 1 to 2 month time frame now. Worst of all, there's no indication it will stop collapsing there.
Under $10 is pretty much guaranteed within like a year time.
And no, there will be no recovery, bitcoin is outdated and shown to be ineffective technology.
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What will the price be on the 31st of December 2015, midnight?
$55
Well that was a nice bounce eh?
We will continue to slide down with about 3-6% per day for the upcoming days, possibly with a hard crash to close the weekend ($100-$175).
Now that QE has stopped, bitcoin has pretty much lost all rights to exist.
It doesn't bring anything new to the table anymore that current monetary system doesn't solve a hundred times more efficient.
This is i believe the main reason people are running away from this ponzi really hard.
Yes, i say ponzi because that is what it has become at this stage.
We broke 260 which is an indicator of a further massive decline well into the double digits.
Lets see if we break $60-70...
Well the predictions are still on track 3-5% decline daily.
We are far from the bottom, we need to reach $30-60 before its technically even possible to recover.
There is so much dump volume incoming i doubt we can even hold up those prices and we may even drop to single digits shortly in a flash.
We will be under $100 way before 1st of July..
Pressure is building up really strong.. upcoming crash is going to be devastating.
we're going to test 300 within the next week, but not without a retrace or two along the way i think.

Lol no. It's just another dead cat. You should know by now... within a week we'll  be back down to low 200s

laughing at someone who was trying to tell others to buy bitcoin cheap at $400 eh.
I'm absolutely laughing my a** off here. You must feel like a complete douchen buying at 470 or whatnot and see it go up in smoke in seconds. Now desperately trying to make people buy your bags before it crashes sub 400.

How many of you got your finances burned to ashes today? Just curious...

When Craig verifies he is Satoshi later today we will drop to double digits within minutes and not recover.
The CEO of Bitcoin told me it would be $1000/btc byt i'm sure he's lying as the system is fundamentally bound to collapse with the halving.
Let me think... Considering this was all a sham... Mmm nobody.
We will probably settle around 300 again.


and my all time favorite was this, i wish all bubbles popping were like this Grin
*POP* goes the bubble...


2145  Economy / Speculation / Re: Whether bitcoin able to penetrate the price of 5000 $ on: May 27, 2017, 11:42:32 AM
why does everyone tries to come up with these crazy numbers these days, rise to $5000, drop to $1000 and all that.
can't you people just enjoy the rise, i mean we are already 100% higher than the beginning of this year. i call that a big win!

and if you want to buy in, then just close down bitcointalk and stop reading silly comments about bitcoin price from random people and just buy the damn thing Smiley
2146  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I only see RED :O on: May 26, 2017, 12:25:27 PM
what goes up must come down and when the go up part is a pump not a real rise it must come down hard.

this is the current situation with altcoin market. they were all pumped hard, and whales cash out at some point and when they do it always creates a big wave of panic sells which will make the dumps even bigger.

you can always find a bottom and buy for a quick profit when they come back but make sure to sell after the comeback because the dump may continue down.
2147  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Investment for 3 months on: May 26, 2017, 12:18:19 PM
altcoin market is not somewhere you can just invest and forget. you need to be watching your investment 24/7 because altcoins are extremely volatile and unpredictable. they can drop down -99% the same way they can go up 5000%.

so what i think is that you are gambling when you invest long term in an altcoin. instead you should think more about short term or even day trading when it comes to altcoins.

your choices seem to be good ones. i already have an active investment in ETC and STRATIS
2148  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exchange cryptopia www.cryptopia.co.nz/ Careful on: May 26, 2017, 12:09:22 PM
although i don't really trade there but i like their features, the place looks nice it would be a shame if they turn out to be a scam.

have you tried contacting support or posting on their topic: https://bitcointalk.org/index.php?topic=1669443.0
this may simply be a wallet maintenance.
2149  Bitcoin / Electrum / Re: Electrum on: May 25, 2017, 02:00:07 PM
there is a menu on top of the electrum window.
click on the Wallet option and choose the Seed option. that will open a window asking you for your password. (you can also click on the little seen photo at the bottom right corner of the electrum window)
now enter your password to see your seed, and make sure to write it down on a piece of paper and keep it in a safe place.

Edit (added a screen shot)

2150  Alternate cryptocurrencies / Altcoin Discussion / Re: Nuts and bolts of a hardfork on: May 25, 2017, 01:53:38 PM
it all comes down to consensus and reaching it.
if the community is small, meaning it only consists of exchanges, a small number of nodes that are mostly run by miners-services-exchanges and wallets, then enforcing a hard fork is easy. you just inform that an update is on the way and release it, surely enough majority is a small number of people and they will change and cause a hard fork to happen easily.

but when community becomes big. meaning apart from miners and services and all that, a lot of users all around the world are running nodes, then it becomes very hard to reach a consensus.

this is why bitcoin has problem these days. also the first fork that bitcoin had happened fast and easy, granted it was a bug not an upgrade.
and in comparison altcoins fork away left and right easily because you just have to inform the small miners and the exchanges about the fork and you are on your way.

As I understand Ethereum, they have taken steps to mimic the deflationary nature of Bitcoin via the fixed rate of money supply, banking on a 1% annual rate of coins being lost.

i am not sure how exactly their plans are going to work but the max supply of ethereum is not even set yet. there is no cap! and a lot of new coins are bing created each days.
and it is nowhere close to bitcoin.
bitcoin daily total reward is about 1800BTC
while ethereum total reward in one day is 27500 ETH (that is 15 times more)
2151  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple is in major trouble on: May 25, 2017, 01:44:09 PM
that is what i have always suspected!
a centralized world doesn't work well with the decentralized one. the banks want and always prefer full control. specially when it comes to these delicate matters. and also when the price is this volatile in the altcoin!

with a self made blockchain they can do anything they want without taking any risks. they make any changes to make it better and more secure and the value of its token doesn't have to change at all hence avoiding the super volatility of Ripple.

This is why open sourcing all your code when you have unique technology is a bad idea. Someone will just take the code and implement their own solution. Better off treating your code as intellectual property.  All these open source coins are inherently worthless from the perspective of all their "unique features" because big corporations will just rip off their ideas.
something called cryptocurrency MUST be open source, there is no other way. the power of it lies within being open source and peer reviewed by anyone.
and if it is good, then people will contribute to it and make it better and grow bigger. look at bitcoin. it is open source, it has been copied a million times with changes, and at least a dozen times without any change and none of them could even live up to become adopted outside of an exchange by anyone other than traders.
2152  Economy / Speculation / Re: Will there be an epic dump? on: May 25, 2017, 01:37:19 PM
Wow $2673.00 yeah the dump will happen soon. I suspect it will drop the price back down to about $600 just a guess

no way, $600 is a lot.
after the dump price will dump down to $200 if we are lucky and if not it will drop down to $0.20 ... {the palm and the face meat here}
2153  Bitcoin / Bitcoin Discussion / Re: Bitcoin OVERFLOW => If You Are Not Rich Now :) It <Mean You'll Never .... on: May 25, 2017, 01:33:51 PM
This is very true as the price of bitcoins just seems to be going higher and higher which means it will reach a point as all currencies do where it will either stop increasing or degrade. Huh

not really, as long as the demand for something is increasing the price of that thing (which also has a limited supply) will increase and when a balance between the supply and demand of that thing is settled, the price stops increasing and starts becoming stable.

if that balance is broken, meaning the demand decreases the price will go down and if the demand increases the price will go up.
2154  Economy / Trading Discussion / Re: Trading alts/btc can be treated like full time job/real business? on: May 24, 2017, 11:30:39 AM
no i don't think it can.
because the market you see right now, which is so active and looks all fine and rising, won't last forever. it actually is not the first time this bull run in altcoin market happens. maybe the biggest so far but certainly not the fist and won't be the last.
which means you can't really think of it as a full time job where you earn a living from.

but it is possible to do so!
trading in general is a bad way of making a living in my opinion because of the risks it has. and when it comes to trading altcoins, which are heavily manipulated things become even riskier.
and besides no logic works in altcoin market most of the times. so you can't really rely on things such as TA,... to speculate the market and make a move.
2155  Bitcoin / Bitcoin Technical Support / Re: $20 transaction with $3 in fees, still not confirmed! on: May 24, 2017, 11:20:36 AM
Ok but how do you justify a $3 fee on a $20 transaction? you never see this with banks!
When I spend $1.00 with my bank card I only pay $1.00

the same way you justified receiving a lot of small inputs in your wallet leading to a huge transaction size. Smiley

currently you have 7 small transaction outputs each of them worth about $3 and in bitcoin you pay fees based on the size of your transaction in bytes not value you are transferring!

next time ask the service that is paying you to keep it until it is a larger amount and then pay you!
2156  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Investment in cryptocurrency on: May 24, 2017, 11:15:54 AM
you have picked a terrible time to want to invest in cryptocurrencies! specially if you are new to trading in general or trading altcoins specifically.

right now all of the altcoins are being pumped, and are currently in a bubble. you can still find big rises randomly around the market and join in for short term to make profit but nothing is safe as a long term investment at this point.
2157  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which Alt to Invest now (Short Term) on: May 24, 2017, 11:09:10 AM
Doge seems to be on fire these days although i don't know how long it is going to last you will be taking the rocket after it has gone up high.

there is also LTC which seems to have started moving again.

and Lisk is having a very nice pump today.
2158  Bitcoin / Bitcoin Discussion / Re: Watch cinemas using bitcoin on: May 24, 2017, 11:02:37 AM
there are a lot of these things, indicating real adoption out there. and it is actually a good thing for those who keep repeating bitcoin is just store of value to take their heads out of the sand and look around them.

of course these things won't last long if the fees keep on rising like this. nobody is going to pay for anything with bitcoin if it is going to cost them a lot. we may not yet be there but we surely are headed that way.
2159  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [LTC] Litecoin Speculation on: May 22, 2017, 01:11:36 PM
the LTC shakeout seems to be taking longer than i expected, to be honest i am starting to get disappointed in it!
although i don't hold anything right now but i am watching the price 24/7 to find the initiation for the rise and get in heads first Smiley

but i am getting restless...
2160  Alternate cryptocurrencies / Altcoin Discussion / Re: With BTC Problems, I would Like to Look at an EASY to use Alt on: May 22, 2017, 12:57:47 PM
meh, you will never get any proper answers out of this community whenever you ask for suggesting altcoins, no matter for what purpose. they will always suggest the coins that are either pumped or they wish to be pumped.

i'm afraid our only choice is to test them ourselves!
download the wallet software, try installing it and running it for a while, try sending some transactions, ...

and also the other problem is adoption, which altcoins don't have.
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