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241  Bitcoin / Bitcoin Discussion / Re: Is 2017 the year of Crypto consolidation? on: May 09, 2017, 09:12:53 AM
not that many things has changed. it is still the same as before.
bitcoin price does some slip and slide > Altcoin pump season starts > altcoins rise
bitcoin stops slipping sideways and starts rising > altcoins rise some more in USD value since BTC went up.
bitcoin continues rising > altcoins get dumped hard.

as you can see ETH has been getting dumped hard for the past days. (-29% drop)
litecoin is not doing well either, it was in a bubble and dropped (-36% drop)

alt pump season is not over although it is near the end, so you can still expect some rises (specially since there is still some hype about some altcoins, such as LTC SegWit hype)! but the overall movement will be DUMP all over the alt market in the coming months.
Spot on.  Coinmarketcap is showing that all the major alts are finally getting their long-needed dumps and the Bitcoin price is soaring.  They might stabilise for a little while longer but ultimately they've reached their high and will stagnate, slowly dropping back to Bitcoin, until the next altcoin pump.
242  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2017, 08:43:54 AM

Top 3 assets doing better than Bitcoin & trading against the hurricane.

Bitbay in particular is probably the most undervalued asset on the planet right now, so nobody wants to dump it Wink



(P.S. Ratios are against BTC, not $USD).
Steem isn't really "trading against the hurricane" at all.  It's just that the very sharp drop in price that it's having isn't more than the huge pump it had very soon before that yet.
243  Bitcoin / Bitcoin Discussion / Re: Bitcoin works as intended, price confirms on: May 09, 2017, 08:28:54 AM
Well it doesn't work as intended, because it was intended to be a currency and is now impractical for everyday transactions until SegWit/LN are implemented.  SegWit doesn't affect the stability of the Bitcoin network, it's just a way of making Bitcoin transactions easier to send which is even good for bigger investors.
244  Bitcoin / Bitcoin Discussion / Re: will bitcoin activate segwit as litecoin price peaks at 30USD? on: May 09, 2017, 07:51:38 AM
Segwit needs 95% approval, right? That is practically impossible to achieve. In order to get 95% approval, all the major mining pools without exception must reach a consensus. Right now, the probability of something like that happening seems remote.
That's a misconception about how practical consensus is.  The reality is that Bitcoin is very concentrated to only a few pools and they will decide SegWit, not individual miners who don't care for the most part.

To achieve SegWit in Bitcoin would only take consensus from <20 pools and once SegWit has a very significant majority the rest would follow along just like they did with Litecoin in the end.
245  Bitcoin / Bitcoin Discussion / Re: [Food for thought] Japan + Bitcoin + Tourism + Olympics = ? on: May 09, 2017, 07:26:29 AM
It's less likely that people will use it for direct spending and more likely that it can be used for transferring money from here to there.  Bitcoin has a lot of potential for overseas transfers since it's much more convenient to buy, sell and use than fiat currencies where you get terrible exchange rates and much higher fees.
246  Bitcoin / Bitcoin Discussion / Re: Major crash no. 5 for BU nodes. on: May 09, 2017, 07:05:31 AM
<snip>
You have a point, so let's just say that what matters is significant drops in the nodes.  For BU there are drops of basically half whereas with Core they're fairly insignificant on the charts.

If you only count significant drops in nodes, BU nodes have had three crashes and Core have had zero (in a much longer time).
247  Bitcoin / Bitcoin Discussion / Re: Is this decline in BU nodes temporary? (See chart) on: May 08, 2017, 08:23:32 PM
Yes it's temporary. The same number of pools are still mining BU blocks and this is normal day to day variance. The BU and segwit support levels in mining have remained unchanged for weeks now.

I guess you were right. BU is once again pulling ahead: https://coin.dance/blocks
They're at pretty much exactly the same place that they have been for some weeks now.  The relevant thing is the hashrate, which is how much mining power supports it.  All coin.dance shows is how many blocks have been mined supporting each solution, which can vary since there's only a block every ten minutes and the group that mines it is random.
248  Economy / Speculation / Re: Warning: Bubble about to pop. on: May 08, 2017, 03:57:15 PM
Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

I hope he is warning people against the Fiat system too, because it fails on average every 10 years or so... If it is not the property bubble then it

is fractional reserve banking, but it auto corrects it self every 10 years.  Grin .... Predicting a price drop in any commodity or even a currency is a

natural occurrence... What he neglected to say is... Bitcoin has always bounced back... if you waited long enough... you would have never lost a

single cent.  Wink ... That guy who bought at $1200 { more or less where it took a dive last time} .... would now have made a profit of $400 to

$500.  Grin Grin Grin
The fiat banking system makes no sense, and essentially requires exponential growth.  As soon as people are out of debt, the whole system will collapse.

In Bitcoin, at least you know that if there's a crash it's just people taking their money out of the currency, not people trying to keep their money in the currency.
249  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 08, 2017, 03:11:41 PM


Pay the real fees ?
Fees are VARIABLE.
Use a true wallet, one that it calculates the real fees ... when you emit.
There's no "real" fee.  Miners don't actually need fees yet - their revenues would be extremely high with the block reward anyway.  Fees and rising prices are what's causing a spiralling and pointlessly high amount of miners. 

Fees should only be necessary for miners to treat your transaction as priority, not for them to accept your transaction at all.  That can change when the block reward decreases enough relative to the price, but right now fees are just a market.
250  Other / Meta / Re: Theymos , This FAKE LYING ASS Negative Trust Ratings, Remove it or Remove me on: May 07, 2017, 07:59:34 PM
You’ll either get banned and/or a massive negative reputation of blowback.

You're wasting your time trying to get justice within the beast's system.


Makes no difference to me now, 1 red ink Lie is the same as a million to me.
I will not tolerate 1, cyber death is preferable to having my reputation destroyed by an lying asshat that has never had a business dealing with me.


 Cool
If cyber death is preferable, why aren't you doing it already?  You've already been told by enough users that your trust isn't going to be removed, and you're just digging the hole deeper now, so why haven't you left?  Seems to me like you don't understand how the trust system works and want to manipulate people into thinking that you have more than inane bullshit to spout when you don't.
251  Economy / Web Wallets / Re: Slow payments and fees solution??? on: May 07, 2017, 06:13:38 PM
Online wallets are a godsend to hackers.  When you control your own coins, you have the option of keeping yourself low-key and trying to avoid getting traced.  In online wallets' cases, just like exchanges, they're a public company which control thousands and thousands of coins.  If a hacker manages to hack a hot wallet like they do with loads of exchanges, every user is screwed.

Batching transactions is fine but you can batch your own.  Just use Electrum's "send to many" for example.
252  Bitcoin / Project Development / Re: 20 BTC Giveaway to announce the official release of CryptoVoyage Trading Bot on: May 07, 2017, 05:56:28 PM
That's really sad. Really thought it would be great for a new trading bot to be out in the markets
The price was much higher than legitimate/established trading bots anyway.

The lesson should be obvious to most people:  don't download something from a newbie with a crap website promising to earn you loads of money and give you shitloads of Bitcoin just for signing up.  Really, don't do it  Wink
253  Economy / Reputation / Re: Lauda, he's right or not? on: May 07, 2017, 03:53:41 PM
Ok, I may be agree with the fact that is normal to get a red trust for that message. But look on total point of view what happened? Why I did that? How she reacted?

Dudes Why should I beg a DT to remove my red trust that is giving for non sense? I mean your a DT because you're over other people as trust and bla bla.


When a fucking idiot -lauda- comes and give a red trust for absolutely no reason I need to beg to have deleted my red trust? What forum is this? I don't want to leave, I want to celebrate 10 years of bitcointalk.org with this account.


as a reminder here are the rules of trust on this forum:
Quote
- List all of the trades that you do with people (or at least the major ones). This is not like #bitcoin-otc where you give people just one score.
- Do not rate people based on the quality of their posts.
- Older ratings count for more, so don't delete old ratings if you can avoid it.
- "Risked BTC" is how much money you could have lost if the person you're rating had turned out to be a scammer. Or, if they are a scammer, it's how much you lost. Use the BTC value at the time of reporting.
- It's OK to post a rating about the person in general, not tied to a specific trade.
- If you want to make a rating stronger, increase "Risked BTC". 50 extra risked BTC is equivalent to an additional rating.



As well as what actmyname just said, note:

Quote from: theymos
It's OK to post a rating about the person in general, not tied to a specific trade.
If Lauda suspects you of putting several accounts into Bitmixer to spam, that's to do with you as a person more than the quality of your posts.  Therefore, even the guidelines would permit this negative trust.

It's obvious that trust should not be moderated as it's open to abuse.  The Default Trust list is just a guideline of trusted users on the forum and you can choose to agree or disagree feedback from whatever users you like.  Doesn't stop their feedback from existing, just like a review.
254  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2017, 03:34:31 PM
Bitcoin Is Less Volatile than the Euro: https://fee.org/articles/bitcoin-is-less-volatile-than-the-euro/ ; don't invest in Euro more than you can afford to lose. Oh how the tide is turning. Cheesy

3rd day of consolidation in mid-$1500s... currently $1546USD (Bitcoinaverage).
I think that a lot of people thought it would heavily correct itself and thus also sold at the bottom. That's one of the reasons why this thread is quite. Consolidation at this price is very optimistic IMO. Now if miners/pools were to activate SegWit we'd probably see a very sharp rise within the year: https://twitter.com/ViaBTC/status/860933165002522625
Volatility in Bitcoin is a myth anyway.  Fiat has only been less volatile so far because of their control from governments and banks, but decentralised systems with a limited supply are only as volatile as the amount of people that buy and sell it regularly.

If the liquidity of Bitcoin exchanges rose, the volatility would decrease to be less than most fiat currency.  It's inherently more stable than fiat in the long term.
255  Alternate cryptocurrencies / Altcoin Discussion / Re: What is an ICO and should I get involved? on: May 07, 2017, 02:52:54 PM
I wouldn´t recommend that, you could be successful, but the risk that the ICO is only a scam is to high

There is no safe type of investment if there's no government role in it, but ICO in altcoin projects is much better than hyip programs without regular roadmap and others. I personally suggest to be involved in ICO because we can study and monitor the process in detail from this forum, so we can understand clearly before making a decision.
Any investment is safer than an HYIP "investment" since they're just Ponzi schemes. 

ICOs can be legit, but it depends on what you're doing with your money.  If you perform your due diligence on the people behind the coin, their ideas and you read the whitepaper, the risk-reward ratio can be good.  You do have to be safe and only put a small amount of money into each coin though - don't be tempted by the high returns of a few ICOs.  They're rare cases.
256  Economy / Speculation / Re: YORK's price prediction topic. on: May 07, 2017, 01:31:41 PM
42,4% rightnow, whats happening ?!

Totally unexpected  Roll Eyes

SegWit on BTC sooner that you think.
Since there's only a block every ten minutes, one day estimates are pretty inaccurate.

If you want to find out how much actual support each solution has, just look at which pools support each solution on coin.dance and then add up their hashrate on Blockchain's hashrate distribution chart.

Unless the pools which support each solution have changed, the hashrate won't change significantly.

The seven day blocks mined are going to be more accurate as well, but still subject to variance.
257  Bitcoin / Bitcoin Discussion / Re: Old wallet with Bitcoin that nobody know on: May 07, 2017, 01:21:18 PM
so what is your point exactly?
the topic of "how many bitcoins are lost" have been discussed multiple times. and that only means there is going to be even less bitcoin that is supposed to be. and the more they lose the more scarce bitcoin is going to be for us BitcoinHodlers.

lower supply + increasing demand = price to the moon
More importantly, as the supply decreases and the price rises, the amount of Bitcoin that people carelessly lose decreases as:

-They're holding less because the value is higher
-They're more careful with large amounts because the value is higher

Since Bitcoin is very divisible, it would never be a problem, except for the people who have lost thousands of Bitcoin already.
258  Economy / Trading Discussion / Re: Strategy To Increase Fiat HODLings? on: May 07, 2017, 11:33:03 AM
It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

when you make profit on your bitcoins you are in fact making more fiat too. and at double speed. because for example you buy an altcoin before its pump and then sell it on top of the pump and gain a lot more bitcoin. and bitcoin price is constantly rising in long term without exception. so if you have 1BTC before pump and have 2.5BTC after it and price goes from $1200 to $1400 you are making a lot more fiat. and you can keel 1BTC profit and have total of 2BTC in your investment and sell the 0.5BTC for $700 and increase your "fiat hodlings"!

That makes sense but it also poses a threat of decreasing my bitcoin holdings as Alts have a high volatility. As bitcoin is slowly but surely expected to moon and USD is isn't so volatile, why not increase my fiat balance by buying at a -% drop and selling at a % gain (along with leaving 50% of profits in BTC/Alts). I know this is a really slow and long process but I'm looking to at least double if not triple my fiat balance every year.

I'm still working on the right combination of -% and +% (Current BVI for 30 days is 1.51%). Also looking for advice on staking? Should I go all with my fiat on per order or split it into multiple buy level entries.

Any suggestions would be much appreciated.
To be honest, everyone else has the same idea.  Hey everyone, let's trade alts/Bitcoin/fiat/forex! We can get loads of money, look at all those big fluctuations!

But of course, it doesn't work like that because someone has to lose for someone else to gain.  The important thing is to ignore your emotions completely and look at it logically.  What are the fundamentals?  Why would the price be going up or down or sideways right now?

Also, if the price is dropping don't just sell straight away.  Often since the liquidity is so low people make big dips and then buy back in when loads of weak hands sell too.
259  Bitcoin / Press / Re: [2017-05-07] Bitcoin Fueling Ransomware Growth on: May 07, 2017, 11:21:46 AM
Somewhat true, but I doubt the government's intentions are very good.  It's more likely that they're trying to find negative things about Bitcoin so they can be more aggressive to it while viewing it as a public threat.

It's like terrorism.  It happens and it's bad, but that doesn't mean the American government had to pass the Patriot Act.
260  Bitcoin / Bitcoin Discussion / Re: ViaBTC Twitter Polls on: May 07, 2017, 11:03:49 AM
It appears to me to be an example of censorship and propaganda techniques that would make the author of Mein Kampf proud.
I don't agree that people should use self-moderated topics where controversial opinions are being voiced, but that's a stupid way of looking at it. It's someone's private topic on a private forum.  Get over yourself.

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