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241  Economy / Speculation / Re: No need to panic guys! Here's why... on: June 20, 2017, 01:20:22 PM
If BTC price goes down we can get more coins! Come on baby make it $500 I won't mind!

If BTC price goes up...  Grin to the Moon of $100,000 we go! Be patient... your patience will be granted

You guys need to be more optimistic about Bitcoin in general..
You are so motivating. What's up with you we are scared the price may drop to 2000$ and you are supporting all of us by saying it can go to 500$ and then straight 100k seriously at least try to make some reasonable speculation instead of posting some un real figures. Reaching 100k is kind of possible but 500$ suddenly out of no where would make no sense at all

Yeah come on, I mean $500 is a joke price for Bitcoin, it hasn't been that low for 13 months now!
People seem to have a short memory, looking at the charts, the price dipped below $500 in August 2016, that isn't long ago at all.

You also realise that $2600 is far far far closer to $500 than $100,000. You are talking about a 38x increase in price, compared to a fall to 1/5th the price.  If the price fell to $500, people would almost shrug and say that were in an obvious bubble, but now the price is back at a more normal level, if it rises to $100,000, then something crazy has happened in the world! The market cap would be $1.6trillion that is 10% of the GDP of the EU.

242  Bitcoin / Bitcoin Discussion / Re: Bitcoin on NASDAQ on: June 20, 2017, 08:40:37 AM
The Nasdaq is a stock exchange. Bitcoin isn't a stock.
The USD isn't traded on the Nasdaq either, nor is gold, silver or oil.

As the poster before me wrote, if the ETF is approved, then you could get exposure to the price changes of Bitcoin through a fund that would be traded on exchanges, but Bitcoin will never be available at an exchange.
It's be great if people could use Bitcoin to directly buy at exchanges, but I think blockchains are more likely to be used than cryptocoins in the near future.
243  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple is in major trouble on: June 20, 2017, 08:29:08 AM
It doesn't sound like Ripple is in 'major trouble' it sounds like the reason for the massive price increase may have been overblown.
Honestly at the moment, the market doesn't much care. If there is good news, the price goes up, if there is bad news it stays high, until the next good news, when it pumps again!

There is a lot of money flying into the alts bubble, so prices are rising. Ripple isn't in trouble, maybe it should fall from it's all time highs, but it might not too!
244  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Zcash after ETH goes to PoS on: June 19, 2017, 12:44:09 PM
I don't think that price is related to mining power, I think that mining power is related to price.
IF ETH goes to PoS in the near future, the miners will start mining something else, I agree, but I don't really see why that will increase the price of these coins.

I guess you were looking to get in before a price rise, what I am saying is, I don't see it happening, or at least not sue to ETH going to PoS.  I think the reason that the ETH price is high is due to the massive ICOs that start using ETH so frequently, not because the miners are mining it alot.
245  Bitcoin / Bitcoin Discussion / Re: Bitcoin system collapses in the near future on: June 19, 2017, 07:32:34 AM
As block reward decreases, miners will be dependent on transaction fees to suffice for their electricity costs. By then, if the price of Bitcoin isn't high enough, it will lead to a further reduction as miners abandon their business because of the lack of profit. Thus it could be said that Bitcoin can either do very well or collapse completely in 2140.

Doesn't the Bitcoin system fail in this way or are there any other variables in play that stop such a breakdown?

Even though it appears you are a Waves spammer, I will just ask, for a coin that is 8 years old, is 2140 (123 years from now) really the near future?
For context, 123 years ago was 1894, how many currencies have survived in their original form from 1894 until now?

Anyway, if miners stop mining, we can keep the network going on a lot less mining power, it doesn't need to be anywhere near the level it is now.
246  Economy / Speculation / Re: BTC can be a great store of value. Not for small transactions. on: June 18, 2017, 09:10:55 PM
You are dead wrong, there is the possibility still to use Bitcoin for small transactions or rather paying a small fee to get fast confirmation.

I had a few transactions today with paying less than 70sats/B and I went to accelerate the first one using ViaBTC just to be surprised to see

That it was confirmed after a few minutes so I took advantage over the happy hour of miners and moved a few coins around.
and what about on the other days when it isn't as cheap? In the future should I go to a restaurant and pay, but wait a few hours until the network isn't as busy so that I don't have to pay several dollars extra just to get the transaction confirmed?

Bitcoin is supposed to be fast and cheap, it was never really all that fast, but it was cheap. Now it isn't cheap.  I don't really want to move coins around now, it is too expensive.
247  Alternate cryptocurrencies / Altcoin Discussion / Re: People who call altcoins a scam! on: June 18, 2017, 09:04:06 PM
I say that lots of alts are scams, because they are made in a way only to profit the the creators.
They offer basically nothing new, they are clones with a catchy name, and unskilled developers.

People pump the coins to make a quick buck, then they will dump it as soon as they are done with it. They can start the process over again then.

ICOs are almost worse, people just throw money at people they don't know, they would never invest fiat in these scams!
248  Economy / Speculation / Re: Demise of bitcoin under Eth on: June 16, 2017, 07:22:10 AM
I also don't really think that ETH is a competitor for Bitcoin, though it might well have a higher market cap in the near future.
ETH is basically a platform for setting up crappy ICOs, and if there is anything that people love in a bubble, it is crappy ICOs.

Instead of just one crappy ICO, ETH has lots of them, meaning you have to buy ETH to be involved in the party.  ETH isn't ever marketed as a currency, and a too high price isn't good for Ethereum either.

I was fine with the ETH/ETC hard fork, but the DAO failing is what makes me think that ETH will fail too.  Big companies will want to get involved in blockchain tech, but they won't be ETH based, they will just start their own.
249  Economy / Economics / Re: Bitcoin is Falling...Is it Panic Time? on: June 16, 2017, 07:11:05 AM
I don't see it as a greta opportunity to buy, but it also isn't a great time to sell.
Bitcoin flash crashes a lot, I don't really know why, but it does.  In 2013 it flash crashed, then slowly fell downt over time, at the moment it seems like it flash crashes and returns to ATHs pretty quickly.

Things can always change, we might have reached the peak and be at the start of a long bear run, but the next move is hard to predict. 

Buying now could look very foolish in a few months, the warning signs are there, it could start to fall from here.
Sell now could also look very fooling, look at the stock markets, they have been due a big fall for 5 years now! The price could easily be $4000 in 2 months.

So no, it isn't panic time, it's time to look and decided for ourselves what we think will happen next time, but that isn't so catchy.
250  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 15, 2017, 06:28:04 AM
and congratz for who sold at 3000 enjoy the holidays

The way things seem to go right now, I think the price will recover over the next few days.
It is obviously a joke that the price can fall 25% for no reason so frequently, but c'est la vie!

I didn't sell at $3000, though I have been looking to sell a very small amount.  I keep waiting, then waiting but I am too afraid to miss out should the price continue to rise.

Let's see how it goes from here, even $2000 is a very high price historically.
251  Economy / Speculation / Re: EFT blocked was the day BTC fell off a cliff in market share on: June 13, 2017, 07:07:20 PM
Agree with the above, someone or many people had money ready to buy as soon as the decision was made.
They said no, so they moved into Ripple and ETH, if they had said yes, the price would be nearer $4000 now.

I hadn't noticed that the ETF day was the breaking point day, but it does make sense that it was.

I still think that a Bitcoin ETF is a bad idea anyway. GLD and SLV are bad for Gold and Silver.
252  Bitcoin / Bitcoin Discussion / Re: Core devs are invested in success of eth...this is why bitcoin has been stalled. on: June 13, 2017, 07:04:03 PM
How can the devs be so heavily involved in the development of Ethereum, when they have to spend so much time bickering about block sizes of bitcoin and coming up with nothing innovative so that the transactions fees balloon to a point that Bitcoin can no longer really be used as a curreny?

That sounds like a full time job, without moving into Ethereum too.
253  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 12, 2017, 07:16:48 AM
I am very surprised that the coin which is distributed free has such high price at the exchange  Shocked

How so.  People believe in the project, so they buy more than what's being sold.  So, the supply is less than the demand.

Just think, if you could buy $100 from a bank knowing you would get a 20% gain = $120.  Wouldn't you be buying the special $100 bill from the bank?

So, people are buying for the purpose of getting even a bigger bonus each distribution.  It's also the reason most people hold the byteballs instead of dumping.  Of course, people that just want to get free money dump them causing the price to sink right after the distribution which means I get more for a cheaper price right after the distribution.

The problem is that you get 20% more, but the total amount in circulation is also much higher. That means that the price could easily fall by 20% or more, so you actually end up with a lower Bitcoin value by holding, than if you sold at a higher price.

Right now the price is holding up quite nicely, it remains to be seen how long that lasts though.
You still get the next air drop either way, if you sell or don't sell, the difference is just 20% vs price volatility risk.

Who knows the price might rise, then the holders will get a double whammy!
254  Economy / Speculation / Re: If you have 10 bitcoin !! on: June 09, 2017, 01:08:13 PM
Here's something to consider.  If you mined 10 BTC with a GPU 5 years ago you literally have nothing to lose except the cost of electricity.  Why not hold onto it long term like a lottery ticket?  If something disastrous happens like some kind of fatal algorithmic bug, etc that kills BTC you'd be sad but you really didn't "lose" anything.

Except that you now have $28k worth. You will be down $28k from now. Decisions shouldn't be based on old information.

Quote
If I have 10 bitcoin I will use it in trading to double or triple my 10 bitcoin instantly. Also, if have 10 bitcoin I will try to invest it in any kind of investment sites to get much bitcoin. Then, I guess I will save it in my online wallet to keep it safe and secure.
This is a wise and well thought out plan.
255  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 08, 2017, 10:43:46 PM
Actually I have found out why, I always set up my Electrum as 2FA wallets, that means that they are Multisig and start with 3.
I have a vanity address that starts with 1, but I dont trust that enough as I generated it online.

I have made a new Electrum wallet without 2FA, I might move my coins their, now sure yet.
256  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 08, 2017, 10:28:50 PM
I'm apparently an idiot, I can't get it to work.

a) Only P2PKH addresses are supported

is the error I get when I add my electrum address to the chatbot

b) in Electrum, when I try to sign the address, no signature is generated. Using 2.7.12

c) I thought I'd just pay, but it wasn't accepted as it is a dust payment...

I just used the adress listed (I only use one) in the Adresses tab.

Then I went to the Adresses tab in Electrum, right clicked my adress, then Sign/Verify Message, filled in my Byteball address as the message, clicked Sign, then copy/pasted the signature to the bot.

All of my Bitcoin addresses start with a 3 and apparently can't be signed, or added to the Chatbot.
I'm not too keen to make a new address and send everything there, my coins seem nice and safe where theý are now.

No idea why my addresses are like they are, or why they can't be accepted. Typical.
257  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 08, 2017, 09:33:44 PM
I'm apparently an idiot, I can't get it to work.

a) Only P2PKH addresses are supported

is the error I get when I add my electrum address to the chatbot

b) in Electrum, when I try to sign the address, no signature is generated. Using 2.7.12

c) I thought I'd just pay, but it wasn't accepted as it is a dust payment...
258  Other / Meta / Re: Legendary one day? on: June 08, 2017, 09:41:18 AM
I just ranked up to legendary at 980.

It looks like I wasn't particularly lucky, the span to go Legendary is 255 activity points (between 775 and 1030) and I ranked up after 205.
Could have been worse I guess. I like seeing legendary next to my name anyway Smiley
259  Economy / Services / Re: ★★★ [FULL] NITROGENSPORTS.EU Signature Campaign ★★★ on: June 08, 2017, 09:16:31 AM
@Notaek
I have 'finally' been upgraded to Legendary.  Could you please move me in the google drive file accordingly?  
I only noticed today after 2468 posts.
Thanks!

260  Economy / Speculation / Re: If you have 10 bitcoin !! on: June 08, 2017, 09:12:03 AM
I don't really see the need to sell.  The price might go up or down, but at the moment I have held my bitcoins for long enough that it will be tax free when I sell them.  I don't see any other great investments that I need to get into now, I already have some gold and silver, but they are slow burners.  Cash earns nothing in the bank, markets are massively overbought, even oil seems a bit dodgy, though long term I think it will rise again.

So why would I be selling my Bitcoin?  So that I can buy back lower? Maybe, but it's dangerous. $28k is a deposit on a flat here, I will sell when I can pretty much buy a house with my Bitcoin. That might never happen, but that is my plan. I can imagine swapping some out for more gold when the price is right, but the Gold price doesn't seem to be going anywhere in a hurry at the moment.
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