Bitcoin Forum
July 11, 2024, 06:38:24 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 [128] 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 ... 1038 »
2541  Bitcoin / Bitcoin Discussion / Re: Price pressure of exchanges on: December 22, 2019, 08:18:38 PM
I'd lean more towards the opposite.

Fiat can be painfully slow to move in many parts of the world so it's likely you'll let it sit there if you plan to buy back in the near future. If there's a sudden price movement you have zero chance of getting to it unless you already have fiat parked there. It can take several days in third world countries like the US.

Crypto is at higher risk of disappearing and can be unassailably yours in a few minutes.

Enough people unquestionably do let both sit on exchanges at any one time for them to start playing fractional reserve. Impossible to know how prevalent it is but I'm sure it has and does happen. And you haven't picked up on USDT which is a whole other world of obfuscation.
2542  Economy / Economics / Re: Bitcoin Store of Value Question on: December 22, 2019, 07:45:11 PM
If this is the also the case , doesn't that mean that the demand for virgin Bitcoins more valuable than the other BTC out in circulation and thus , the circulating supply should be different...?

We're told regularly that big dicks pay miners a premium for virgin coins. I'd be very curious to know if anyone will pay them a premium when the time comes to sell.

The only time a coin is guaranteed to be radioactive is if it comes directly from something crime related. Rest of the time it's not an issue. The coins I bought in 2013 will almost certainly have some Silk Road taint somewhere. Considering the amount supposedly stolen from Gox most people will have a bit of those too. Mine have gone through exchanges and payment processors just fine.

As soon as coins get turned away with a hint of nefarious activity 50 wallets back the whole thing falls apart. The moment virgin coins ride to the rescue someone'll infect the shit out of them. There'll always be direct taints and I'm fine with that but anything a few levels lower is unworkable.
2543  Bitcoin / Bitcoin Discussion / Re: I am meeting with an attorney, have you been damaged by wash trading on binance? on: December 22, 2019, 07:25:15 PM
It's not trolling.  I genuinely believe you need help.  For someone to be as consumed by this as you are, it clearly highlights something is wrong.

If it were me I would have noticed that barely anyone has made one supportive comment throughout the weeks this has been going on. And that on a place with thousands of deeply experienced people who've seen and done it all. I would take that as a sign of some sort. Not sure what.

But if continuing on this crusade makes OP happy then I'm all for it.
2544  Bitcoin / Bitcoin Discussion / Re: Hacker: Sentenced two year suspended jail term, & six-month electronic curfew on: December 22, 2019, 12:04:31 PM
However, I think the sentenced was too weak, I think if this happens in the US Kerem could get heavier punishment. Probably the court wanted to teach the kid a lesson, but we all know that crime is a crime. I disagree with the court's decision though. Those cyber criminals should get harsher punishment.

Someone I knew nicked a bag of coal from their local petrol station. They had the police helicopter after them and were cornered by three police cars. I guess it was a quiet night.

If I walk into my local shop and walk out with £150 worth of junk I'll have my head caved in and the full force of the law thrown at me.

If I nick £2 million from tricking pensioners into doing bank transfers to me no one will lift a finger to attempt to find me.

I don't get how we reached this state of affairs.
2545  Bitcoin / Bitcoin Discussion / Re: I am meeting with an attorney, have you been damaged by wash trading on binance? on: December 22, 2019, 11:43:43 AM
Well, I hope the process gives you some succour and the lawyer doesn't cost too much. I for one would rather go outside and plant a tree or nurse an orphaned dolphin back to health. Crypto will carry on cryptoing.
2546  Other / Meta / Re: Prejudice against signature campaigns on: December 22, 2019, 11:24:19 AM
I see nothing wrong with hating campaigns if they're uncontrolled. Without a firm hand they unquestionably do make the forum worse. Many posters are such mindless hookers that if a campaign paid them to post 100 pictures of items inserted in their sphincter a day several thousand would sign up in an instant.

The ones I don't get are those who automatically ignore every single person with a signature. That must make this forum an extremely sparse read.
2547  Other / Beginners & Help / Re: How to cash out btc from online work without kyc crap and fees as good as... on: December 22, 2019, 10:32:55 AM
Look at some of the convolutions mentioned - suicidal risk or insane competition which'll mean losing 20-30% or more on gift cards - when you were unwilling to pay another 1-2% in fees.

The roof over your head depends on offloading £1000 in John Lewis vouchers by the end of the week? That's not a problem I'd want to have.

KYC it and forget about all these suggestions.

The only issue is whether an exchange will go weird about adult dealings and whether they're directly traceable to the coins you deposit. If they're not then you have nothing to worry about. If they are then check every exchange's terms and conditions. Some will be American puritan freaks. Others will be actual adults.

I would've thought it would be vastly less radioactive than gambling as there are no actual laws against it so most should be fine with it.

2548  Economy / Economics / Re: Your plan if no significant move on Bitcoin price along with the halving? on: December 22, 2019, 12:30:05 AM
I think I am gonna quit, I will just let my future get along with my current standings in life and go on living a simple life. As of now for me bitcoin is a ticket of big time success, if it really does goes down, then I will just have to accept it and make my business on my town grow without engaging in bitcoin or in any crypto anymore.

Or you could just wait a bit longer? The people pouring money into services like Bakkt aren't doing it for fun. They're expecting a future where it's much, much larger than it is now. It may not arrive on the timescale so many here seem to think is already in the bag but that doesn't mean one unexpected misfire signals it's over for good.

If zilch has happened by the end of 2021 I'll be rattled but I won't be throwing in the towel.
2549  Economy / Gambling discussion / Re: Andy Ruiz vs Anthony Joshua II on: December 22, 2019, 12:11:29 AM
Not really, they are not even, yes I know that each one of them won and lost a fight but in the second fight it was obvious who was the best fighter, Joshua lost the first fight because of very specific mistakes in his strategy and his physical condition but in the second fight Ruiz got outboxed and it is obvious that if a third fight happens then the same scenario that we saw in the second will take place and it is not like the public is asking for another fight after how boring the previous one was.

Joshua was out of sorts in the first fight and also not good enough of course. Ruiz was an undisciplined slob in the lead up to second fight. He should've treated that match as the opportunity to emphasise that he wasn't a fluke. Instead he threw it away. Joshua did the total opposite and got back on his trajectory.

I wouldn't be inclined to give him another chance when he had that little respect for the one that truly should have counted. He had the rest of his life to stuff his face and slack off on the training.
2550  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Brian Armstrong granted patent for sending BTC thru email on: December 21, 2019, 11:47:14 PM
The important question is that is there any need for this ? Do we really want to send bitcoins through email ? Would not this will create more loop holes when it comes to the security of the email as well ? First we need to be careful about the wallet security and now email ?  Huh

It already works here - https://wiki.obyte.org/Textcoin but it doesn't use any type of third party whereas the Coinbase one may well.

It acknowledges that email is not the ideal medium for it and only small amounts should be sent over it. It recommends doing it over end to end encrypted stuff like Telegram instead.

I certainly wouldn't be sending my life savings over it but it looks like it's a way to draw newcomers in.
2551  Economy / Service Discussion / Re: Comparing BTC Lending Platforms on: December 21, 2019, 11:39:42 PM
People are saying the industry is showing signs of heating up impending collapse. I'd consider something else. Too high risk for too little gain.

Blockfi at least has some reassuring names attached to it, but then Circle owned Poloniex when it fucked all those people, not that I consider Circle a competent operation.

Here's one snippet from Blockfi's terms and conditions.

'BlockFi and our third party partners may experience cyber-attacks, extreme market conditions, or other operational or technical difficulties which could result in the immediate halt of deposits and withdrawals of cryptocurrency either temporarily or permanently. BlockFi is not and will not be responsible or liable for any loss or damage of any sort incurred by you as a result of such cyber-attacks, operational or technical difficulties or suspensions of deposits or withdrawals.'

I'm relatively sure every crypto custodian has that somewhere in their terms but that finished my boner off at least.
2552  Other / Beginners & Help / Re: There is a chance of getting merit for Newbie's only [3 sMerit Available] on: December 21, 2019, 11:19:48 PM
I do not have the dedication to the community yet. Although I really want to have merit for myself. You can send it to me if you are a nice guy.

Asking for it will get you nowhere. OP didn't get that merit by sitting back and asking for it. They earned it and will clearly continue to do so.

Proving you're worthy of it will be a move that continues to grow for the rest of your time on this forum. There's a lot of merit looking for a home. Give it a reason for it to head towards you.
2553  Bitcoin / Bitcoin Discussion / Re: Craig Wright Says Blockstream Hacked Him to Forge Documents on: December 21, 2019, 11:03:50 PM
Also, he claims he can't pay yet claims he also has access to the tulip fund....I mean really?

We have just over one week to go before he gets his one million bitcoins.

On the 1st of January 2020 The Courier, who has been in cryostasis since the early 2010s, awakes, pulls all of those slimy medical insertions out of its android body, emerges from its Antarctic tomb, fights its way across hundreds of miles icy wastes in raging storms to the open sea and swims to Craigy's house.

Satoshi will be in the centre of a candle lit pentangle wearing his ceremonial Bitcoin Receiving Antlers and a crotchless fur robe.

He takes the keys, logs in to Yobit, wraps his sausage fingers around Little Craig, starts to yank on it and changes the world forever.

That is how it will go down.

Boy, am I scared.
2554  Economy / Speculation / Re: Will Bitcoin price be $20k dollars next year? on: December 21, 2019, 10:56:09 PM
Dunno.

What I am interested in is how it passes 20 grand. Will it nudge it and fall back for months, butt up against it for weeks on end before agonisingly cracking it or breeze straight on through? If it breezes then that'll be a sign it'll be on its way to considerably higher.

I thought the return to $1000 would be a vast undertaking but it turned out to be a casual stroll in the park.
2555  Economy / Speculation / Re: What’s your expectation on 2020 Halving year?! on: December 21, 2019, 10:45:32 PM
My expectation is more of the same. There may be a return to low-mid five figures at some point but nothing too dramatic. I think it'll end the year pretty respectably and only start flexing some muscle well into 2021.
2556  Economy / Exchanges / Re: HitBTC.com - The most advanced cryptocurrency exchange on: December 21, 2019, 10:38:48 PM
Liquidity is not same as trading volumn.   HiBTC trading volume are high at many market, but not highest. There are many higher reported trading volume exchange there.  Liquidity number is supposed to be real number
after removing scamming trades.  Liquidity most likely is real number on bids/asks and traders can obtain those in real trades. 

bids/asks could be wash trades too with self trading money.  But it is unknown how much wash trades there in HitBTC.  But HiBTC usually has very tight bid/ask spread so that my impression is that liquidity at HitBTC was real on dogecoin, litecoin, bitcoin and ethereum markets. I only trades those there and do not know other market that much. But my impression of past experience says that HitBTC liquidity ranking number 1 is reasonable and believable.

I can only assume liquidity is based on CMC counting all the buys and sells in each order book or republishing what they're told by the exchange. Both can be easily faked if they can be bothered.

If you can find anything about how CMC measure it then let us know.
2557  Economy / Economics / Re: Your plan if no significant move on Bitcoin price along with the halving? on: December 21, 2019, 01:10:54 PM
The key event of 2013 was the Cyprus crisis where they did bail-ins without warning people. Lots of people lost their savings and some businesses even lost their payroll money and couldn't pay their staff.

That led to people saying, "be your own bank, and use bitcoin, at least the govt won't be able to seize it". And worldwide, this created interest in bitcoin.

I think that's bilge myself. Same goes for Greece. It might have been used as an excuse to initiate a pump by the same old suspects but that's about it. Both events are hardly ever mentioned any more. I'll bet no more than a few hundred Cypriots or Greeks actually used it for what Bitcoin fans believe they did.

As for the original question I'll sit and do nothing. We come and go in waves. At some point another wave will arrive. It may have nothing to do with the halving at all.
2558  Economy / Speculation / Re: Bitcoin price- If Tether (USDT) go down, will it be good for Bitcoin? on: December 21, 2019, 12:25:05 PM
No, I think tether value will move to btc or other crypto

Tether vapourising means there's no value to move. It's all gone. A sudden giant hole has appeared in a vast number of exchanges and external balances. Even if those who were wiped out did want to stay in crypto they may have nothing to stay with.

I really though Tether would be long gone by now. Full marks for their doggedness but I don't understand how crypto fans have allowed their market to be largely underpinned by a token that's much MUCH worse and more dangerous than regular fiat in every conceivable way.

Even more bizarrely you see people parking value in it for a long term wait when there are exchange with real insured dollars waiting just a short transfer away. It kind of feels like yet another very hard lesson waiting to be ladled out.
2559  Bitcoin / Press / Re: [2019-12-17] Bitcoin’s failing price could be caused by $2B Chinese Ponzi scheme on: December 21, 2019, 12:12:22 PM
Litecoin is a speculative shitcoins which almost no one uses, its price started collapsing just after Bitcoin's, and like other shitcoins it also started losing value against BTC.

Has anyone collated info on shitcoin halvings for those coins that have it? Does it have any type of notable effect?

I assume demand and volume swings that much more violently than BTC that those factors overwhelm it.
2560  Economy / Exchanges / Re: Binance Singapore Blocks Withdrawals to Privacy-Focused Bitcoin Wallet on: December 21, 2019, 11:39:56 AM
Coinbase is generally setting the trend when it comes to such policies. They have been terminating accounts of those who withdraw to gambling sites for quite a long period of time.

And since that's been in their terms and conditions since minute one I'm absolutely fine with that.

Binance doing this unwillingly and regulation on the horizon that may impose it on plenty of other places add a higher level of suck. If coins that have previously been mixed get turned away that's a major problem.
Pages: « 1 ... 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 [128] 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 ... 1038 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!