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2301  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum - why buy coins? on: April 08, 2017, 08:39:45 AM
Current drama show that BTC is not so decentalized... at least in case of mining.
Miners using exploit block BTC segwit to mine on exploit +20% more.

first of all what exploit in BTC!!!

also the current drama is actually proving that bitcoin IS decentralized. if it were anything like ethereum or other centralized altcoins, it would have forked already and left another forked chain behind!

being decentralized, as i said above and you didn't read, means one person or a group can not control the decisions. it needs consensus and no change has reached that level yet which is why bitcoin will stay as strong as it was before.

I appreciate all comments. Not sure how I feel about investing in Ethereum just yet, I need to research more..
if you really want to invest then do it. but don't fall for the hype, that is all i am trying to say.
as traders we all know ethereum is an awesome investment if you know when to get in and when to get your money out. because the pumps will always have an expiration date.
2302  Economy / Speculation / Re: Bitcoin AND the Altcoins are moving up.. Pushing ATH's for global CC markets.. on: April 08, 2017, 08:29:40 AM
Where do you live ? But regardless of your geolocation, I guess you may find enormous number of bitcoin accepting merchants online. But still you are talking no merchants accepts, how ? I believe I could buy everything which are needed for my living with bitcoin payments.

Ah, you'd be surprised. I'm in the UK and the Bitcoin payment options are very slender, mainly because no business can retain a bank account if it's associated with BTC. My main shopping portal with it just gave up so I mainly use one place for gift cards now.

There are always debit cards of course but that seems a tad against the point.

A lot of the people here overestimate how wide the adoption for Bitcoin is. Newbies or some people in who are not too smart usually think that Bitcoin is like a magic super currency that will wipe the banks out. They do not know that Proof of Work and blockchains are very inefficient and costly. But that is the price of decentralization and censorship resistance. Some now even argue decentralization is slowly going away.

making extreme assumptions always goes both ways. as i always say with the price that $10K is as stupid at this point as $200 is. and it is the same here too. saying bitcoin will wipe out banks is as unrealistic as saying it is not being used by more than say a thousand people to trade!

we can all see the progress, the new merchants that start accepting bitcoin, the new countries that show a spike in their interest using google trends and the trade volume coming from them, and now with Japan.

and the supply is still the same very limited amount!
2303  Bitcoin / Bitcoin Discussion / Re: Bitcoin scaling: Looks like all roads lead to LTC on: April 08, 2017, 08:24:20 AM
Personally I hope Segwit does activate on Litecoin, so all of the subtle bugs in Segwit can be found. Then we can do a post-mortem and find the total technical debt it has caused, without killing Bitcoin...
However the bugs that may not be found with litecoin after segwit activation can still be found in bitcoin because both are based in different consensus Algo and have different daily transaction volume and number of active nodes.

Support for segwit is still struggling to pass 70%.

there is always going to be bugs in every code out that is made and no matter how much you try they will persist. bitcoin had many of them from the start and they were found in early days and fixed hopefully nothing too bad that i am aware of.

and i think litecoin (if activates SegWit) will clarify a lot of things. and litecoin has a lot of transactions too, it is not as small as you think and that much is enough to show how things would work.
2304  Alternate cryptocurrencies / Altcoin Discussion / Re: Some more good news about Litecoin. on: April 07, 2017, 02:20:43 PM
...
https://twitter.com/f2pool_wangchun/status/850053367988592642

They'll continue signaling but will pull out before activation.
so you ARE making a guess, because if you read the tweet it only talks about a concern about Litecoin becoming different code than bitcoin in case bitcoin never activates SegWit. that is a lot of ifs there.

also read the answer that Litecoin developer Charlie Lee gave him.
2305  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum - why buy coins? on: April 07, 2017, 02:14:55 PM
seems to me like you already have all the answers and made up your mind and to be honest i find it a little strange that you are "asking question" but then make statements about ethereym.

Why would you say Ethereum is centralized ? Isn't it the same like Bitcoins, once you have ethers in your wallet you can send them to whoever you want ?
it is centralized because nothing is done based on consensus and what all the network agree upon. we saw the hard fork already. majority of the hashrate and nodes were against it but they did it anyways and it left it with ETC.

being centralized means that.

Quote
Is the ethereum supply capped to a maximum like bitcoin ? Or is it they just "mine" as much as they want.
no it is not capped. there actually is no maxim to it yet. and there is about 5x-5.5x more supply than bitcoin has and it is growing fast.

on top of that 70 million (about 75%) of that supply is in the hands of foundation and owners of this coin.

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From what I understand the Ether is supposed to be "fuel" like but is being traded at the moment like currency. I guess no harm in that.
ethereum has always been supposed to be a pump and dump coin. that is why the code is this bad and full of bugs.

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Since Microsoft etc have joined it, seems like it is here to stay, given its API innovation over Bitcoin.
you have been misinformed my friend. Microsoft has no relation with Ethereum.
Microsoft has a platform called Azure that you can add practically any random altcoin to it and no surprise, there are many altcoins there. that is as much involvement Microsoft has with ethereum.

I agree. The coin supply is not even decided yet. ... Bitcoin started that way as well. ...Ethereum's supply... will be 80 - 120 million in the next 2 - 3 years.
again you have been misinformed. Bitcoin has a clear cap at 21 million from day 1. and ethereum has been evasive about the cap from day 1.
and it is already about 90 million coins last time i checked and in 2-3 years there will be at least 300 million or more.

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This is where Ether is different than Bitcoin and the main reason I have doubts about Ethereum . They can print when they want therefore the value/price of Ethereum will be pushed down by this.
having 90+ million coins is enough to kill the price and it is being created more every day.
the main problem however is not that, it is the fact that most of the coins are in control of a few as i said above.

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I too agree that despite all this, there is most likely money to be made in the process.
there is always money to be made as long as there is a name and an exchange to trade that name on it and it is being pump and dumped. eth is not the first and wont be the last.
2306  Alternate cryptocurrencies / Altcoin Discussion / Re: Some more good news about Litecoin. on: April 07, 2017, 01:53:49 PM
Now it doesn't matter, without f2pool it's impossible to get enough hashrate, SegWit on litecoin is also dead.
who said F2pool is not supporting SegWit anymore? do you have a reference or is it your guess?!!
as far as i know f2pool never said anything about not supporting it and the evidence shows they are supporting it.
i don't know where to see the blocks and where they add the string but the percentage is still between 68% and 70% and without F2pool that percentage would have dropped down to 50% at least and then went down back to 30%

Good news is, the price increase might not be dependent on that.
well yeah but it wasn't ineffective either.


EDIT:
i found it and yes F2POOL is still signalling SegWit:
https://chain.so/LTC
2307  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum - why buy coins? on: April 07, 2017, 11:05:10 AM
Is it as big as Bitcoin ?
not even close!

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Should we buy some tokens ?
right now, no because it was recently pumped and now the price is in a bubble which means it will only go down from here with some small come backs (dead cat bounces). and you can see it already going down hard because it is getting dumped these days.

generally again no. because it is a manipulated coin, and the coin itself is centralized unlike general altcoins.

Quote
Looks like Ethereum can be mined as well.. what is the profitability like, has to be better than Bitcoin at this point, plus good to reuse all those miners hardware ?
mining ethereum was very profitable at first but i think it is nearing the end since the difficulty is higher now and price is not really as high as before.
and when it comes to mining you have to consider the electricity cost too.
2308  Economy / Speculation / Re: The 'called it' boasting thread. on: April 07, 2017, 10:53:33 AM
in my opinion the track record is important not a one time calling a price and that coming true. even a broken clock is correct twice a day.
if anybody could predict the price bottom and top and within a decent time frame then they are good at it and have to be proud. but saying x coin is going to get pumped and that gets pumped is just random guess that came true in my opinion.
2309  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: April 05, 2017, 08:46:45 AM
What will happen if Bitcoin suffer a hardfork in this case? This could mess up all this great implementations. What you guys think?

we think this "what if" is becoming as pointless as the similar what if topics such as "what if internet goes down" and "what if 3rd world war starts".

it is not going to happen. and the possibility of it is too small. or have you missed one of the biggest mining pools saying we will never allow the hard fork to happen?!!

and this was possibly said a million times but i am going to repeat it one more time for you.
no miner will switch to another fork unless it has at least 90% of the network support (both hash rate and nodes and services).
2310  Alternate cryptocurrencies / Speculation (Altcoins) / Re: One thing missing in people's price speculation. on: April 05, 2017, 08:39:24 AM
a long time ago there were people saying the earth is flat and claimed it is ridiculous that some people are claiming it is round. what i'm getting at is the fact that if you don't understand something doesn't mean it is random!

there is a certain amount of unpredictability but you can not call it "random".

since you keep mentioning LTC!
there is simply a season for pumping altcoins. the pumpers go around from coin to coin, accumulate them then start pumping these coins. in case of some of them such as ETH they are based on manipulation and they get pumped by the owners of the coin.
now it is time for LTC, it has been pumped and has not yet stopped.
so far for the pump and that means price goes up.

now there is always an addition to the pump which means a hype that pumpers use to get others on board too. for Dash and Ethere it was bitcoin price going down and them claiming to replace it. for litecoin it is its SegWit. for another shitcoin it is something else and so on.

there are additional things on the side too. people trying to justify that "hype" that i mentioned but it is always ending up the same way: DUMP.

again it is never random and it will never be random. all the signs will alawys be out there. you only need to know where to look and what to look for.
2311  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy Litecoin Inmediately. on: April 05, 2017, 08:25:01 AM
there are still a lot of weak hands in the litecoin market who are selling their short positions cheap and prevent the faster rise but overall looking at the charts, it is rising and analysis points to a higher price.

with this recent news about Segwit and batpool signalling it, i believe many things are going to change and the hype alone can cause a big pump as we have been expecting months ago when segwit first started on litecoin.

now the question is how much?
we have seen 0.03BTC for litecoin recently and with all the other altcoins getting dumped these days i say we can expect it again and even go up to 0.05BTC this time around.
2312  Economy / Speculation / Re: When do you think Bitcoin will reach $1500? on: April 05, 2017, 08:11:20 AM
I say by the end of December for sure, but feeling the summer is a possibility as well.  Your thoughts ?
Maybe this coming end of the month it always happened the price is always increasing by end of the month or by january when you see sometimes it will increase that fast and then decrease when holders sold their coins. Afraid to lose income but if they will hold for long probably bitcoin will be at 2k$ dollars for sure.

i don't think we can see any more fast rises. because the fast rises are always because of some kind of news (such as ETF) and we don't have any of them now.

right now we are back to normal slow rise up. which means by the end of the month price can only be around $1230-$1250 if the trend continues.
2313  Bitcoin / Bitcoin Discussion / Re: When will that be? on: April 05, 2017, 08:04:13 AM
When will be the time to have 80%+ of your all wealth in bitcoin?

whenever you finally figure out that there is only 21 million bitcoins supposed to be created and nothing more. and there are already about 15-16 billion people in the world and a small portion of them investing in bitcoin means price would be 10 times more than this.
with that in mind the profit has been also good so far making bitcoin investment an awesome decision.

although you always have to keep the risks involved in mind. risks such as losing the private keys and losing all the funds.
2314  Bitcoin / Bitcoin Discussion / Re: Bitcache & Megaupload 2: A first look at encrypted anonymous content delivery on: April 04, 2017, 10:13:38 AM
as i said before, it is hard to say how this project of his is going to affect bitcoin. it looks cool, and interesting but also there are some stuff that i don't get.
you are filesharing, and mostly "pirating" and asking for payment? how is that going to work! and there will be a lot of lawsuit against it if it gets some traction.

and besides have we forgotten that there is torrent and it is free and awesome? Smiley
2315  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it still a good time to buy Litecoin? on: April 04, 2017, 10:04:17 AM
LTC is growing even after a pretty big BTC rise, so it looks a promising buy right now.
I sold all after the vertical pump, now I'm considering buying again.

you shouldn't hesitate like this, instead you should just buy back.

i did the same thing in the first day right after the 0.008BTC rise then i placed some new orders at lower prices and spread them and walked away. most of them were filled up to 0.0055BTC and then i sold some of it again after the second wave of rise that day and again bought back at 0.0073-0.0075BTC
and that's the way you do things not by waiting around thinking should i get in or not.

and right now i am waiting for the next wave or rises to happen to make some more short term profit.
2316  Economy / Economics / Re: Which country are you from? Here list THIRTY popular bitcoin countries for trade on: April 04, 2017, 09:58:45 AM
Its surprising to see Nigeria taking the number 14 spot on the list. If the list is credible to be trusted then I am really surprised that despite several reports that the cpoury is known for scammers they could still have a spot over there... Its really surprising...

that's racist. there has never been any evidence of Nigerian people being scammers. the thing you heard was some scammer from somewhere else who used the words "Nigerian prince" and it caught on as widespread scam and finally as a joke that stuck.

and bitcoin has been growing in Africa for some time now. it started with some advertising over there and then their bad economy helped and eventually the trade volume picked up and it is still growing.
2317  Economy / Speculation / Re: Static btc price on: April 04, 2017, 09:53:10 AM
but i guess the price will go down from 12 th of april .hope you sell your bitcoins and be prepared to buy the bitcoins from the mid of april ,you will gain a lot of profit.

Mind going a bit more in-detail? What's with 12th of April that you think will make the price go down? At this point there are no indications of a market that will move in a different pattern, and thus the market will just continue bouncing up and down as it has been doing in the last weeks. Basically everyone with at least a certain bit of market understanding is able to spot that. I just assume you are guessing, where if your prediction becomes reality, you'll tell everyone that you were right, and when your prediction doesn't meet, you'll just silently move on.

generally speaking you should never even pay attention to anything you read on bitcointalk. there is nothing happening by that date and google didn't show anything either.
and even if there was something, there is no way of speculating about price the way he did which leads to the conclusion of him saying some random comment here!

probably his wishes not speculation.
2318  Bitcoin / Bitcoin Discussion / Re: Where is everyone? on: April 04, 2017, 09:46:44 AM
do you know why? they are focusing on xrp and its protocol as well as its features. Japan has accepted Bitcoin and it is the first step for Ripple to be accepted in the payment of this country. Try to follow the news on the internet and you will understand how the market will go

nobody is accepting ripple for anything and they never will, it is a centralized pump and dump altcoin with a huge supply and a little worth. as you can see the hype is over and the price has been falling pretty hard for the past 24 hours or so.
and what Japan said was bout the blockchain not ripple.
2319  Economy / Trading Discussion / Re: Day trading on: April 03, 2017, 09:13:26 AM
In altcoin trading,is day trading profitable or trading on a long term basis?
I do agreed that day trading was very profitable to me, it was proven and tested to many of the community here including myself. But even I'm just a newbie on applying this things I enjoyed while I'm doing it, it was nice and awesome especially if you saw that your getting profit in the actual trade. Because before I was doing only a long terms trading but now I'm doing it randomly or both.

maybe i am doing it wrong but i wouldn't call day trading as "fun". yeah the profit is good and in the end you enjoy the profit you made every day but this process of making that profit is hard and so time consuming. and the stress and time it takes is sometimes not worth the profit, that is why most people go long.
and this gets worse in altcoins as they are more volatile and hard to predict.
2320  Economy / Speculation / Re: Almost 1,100 on: April 03, 2017, 09:06:04 AM
I saw the price pumped up to $1,136 and we are not just "almost" at $1,100. Just like the rally happened between $1,035-$1,050 and $1,075-$1,090.

The price is rallying at $1,122 - $1,136 for sure we are going to see the price up to $1,200 after the month of April.

I hope that this is for a longer progress and panic sellers, FUD spreaders will not ruin the flow right now.

If they aren't going to interrupt the price increase, possibly that we can reach $2,000 before the year ends.

So many haters around us just spreading the FUD and many fake stories that is the reason why price is not moving into steady direction. I also hope it will reach over $2,000 before end of this year.

FUD is only when price takes a sudden dive to a low price and panic sellers get flushed out of the market.
this however is normal when price goes up slowly, a little rise then a tiny correction then another rise and correction and so on. it is mostly because people are trading and they sell after a rise leading to the correction and they buy again in the dip.
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