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261  Alternate cryptocurrencies / Altcoin Discussion / Re: Trending market and how to identify it? on: January 21, 2018, 12:32:12 PM
I would say it's hard to find the right thing you need, simply because you can't just use an indicator to be successful. Instead, you need to use a variety of indicators, at different time frames in order to create some good buying or selling set ups, and in all of them you must define stop losses, so that you have a backup plan when things go wrong.

I'm really enjoying the videos from these guys: "The chart guys"

website (they even have a course online, and an alert system)
https://chartguys.com/

YouTube channel
https://www.youtube.com/channel/UCnqZ2hx679DqRi6khRUNw2g

Here are some things I've got from them right now:
-RSI is a very good indicator to search for oversold bounces. You normally would check for the 15min time frame, and you would like to see that indicator bellow 30.

-MACD crosses are also good as a buying or selling indicator (depending if they are crossing up or down), and you should look for them on the 4h time frame.

- Inside bars forming on the 1h, 4h, and daily time frames. Are good to tell you that a break, either bull or bear break should be about to happen. You should then wait to see if the bar breaks up or down, and that could lead to a bull or bear break.

- Volume. This one is essential to validate any bull or break break. You need some increasing volume to really confirm that you are probably in a break.

On the charts you should be looking for higher highs, and lower lows to be formed, to confirm that the price is going up (you must zoom in and out on all time frames, to get a good picture of the trend).
If a price is decreasing then you should wait for a lower low to be formed, and then check the short time frames for those higher highs and higher lows, and increasing bull volume, to know that a change in the trend is about to happen (or the other way around, for a bear break).

These are just basics, and if you start seeing the videos on that channel, including some live tradings, you will start getting the picture.
Right now this is the best resource I've come across for trading.
262  Bitcoin / Press / Re: [2019-01-21] Lightning Network is Happening! First Physical Item Purchased on LN on: January 21, 2018, 12:17:58 PM
I keep seeing news like this recently, so this probably means that the lightning network deployment should be coming soon. I don't understand why we are not getting more cover about this over media channels, since this is going to be the best improvement ever in bitcoin. This solves almost all the usability issues, and the next big thing needed, would be to make bitcoin more user friendly. People are used to a "windows" type of environment, where they get everything done at the press of a button, and even that way, some people manage to mess things up. We will need that so that bitcoin payment options are seen on stores all over the world, both online and physical. Maybe a new niche of opportunity will be born, were developers will offer these types of services, even though we all know that BTC and LN are open source.
263  Economy / Trading Discussion / Re: Bitconnect is Resurfacing with an ICO on: January 21, 2018, 12:17:36 AM
They already had that ICO planned before they've close doors so I don't think they will run it. Even if they do, I really hope that people don't fall for it again. If they do, it's not for lack of warnings. I guess the bitconnect was the largest ponzi scheme ever made, and I still don't understand how people went for it, since it's structure was similar to any other hyip out there, and those never grow that big. Maybe people knew what was going on all along, and they were just trying to get some profit out of it, as they thought they were still the first ones in. If this is true, and people know what they are getting into, then we will probably see this one coming through as well, and that will be a shame.
264  Bitcoin / Press / Re: [2018-1-19]Bitcoin Had a Strange Week. Does It Matter? on: January 21, 2018, 12:13:37 AM
Of course it doesn't matter, and I don't even think we are on a bear market right now. Bitcoin had an amazing year as an asset, with returns that can't be matched by anything else out there in the financial market, and now it had a correction. A lot of people is not used to the crypto volatility, but until we have enough liquidity in the markets, this will happen a lot. Prices can move like that, and it doesn't mean anything. That was not a massive sell, it was just a correction that is normal for bitcoin. We are still in a bull market in my opinion, and we are already seeing bitcoin recovering.
265  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Ponzi scheme? on: January 21, 2018, 12:09:39 AM
I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

I think you went straight to the point. Developers are working on bitcoin since it was worth nothing, and I would say it's fair to say that they will continue to develop it no matter what happens. There is no referral program, like there was with bitconnect, and no one is asking for people to buy bitcoin. We know that the price will rise if people buy, but that is true for all markets because of supply and demand offer. It could be a bubble, meaning that is way over priced (not saying I agree with this, because I don't), but people can call it a bubble if they want, but they can't call it a ponzi scheme.
266  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Altcoins fall when Bitcoin Falls on: January 21, 2018, 12:05:49 AM
I think that although bitcoin dominance is very low right now, and is only 34% (and I say low, because it was above 50% during a lot of time), it doesn't mean that people actually trust altcoins more than they trust bitcoin. I think they know that if bitcoin actually ever fails, not other altcoin will have a chance. Because if we get honest here, what do they really offer in terms of concept that bitcoin does not have? Bitcoin created this world, so if it fails so will other alts. So, in my opinion, when people see that bitcoin is showing signs of weakness, they actually start having doubts on the entire crypto world, and sell anything they have.

Of course that these last dips were due to the China exchange ban, and now the possible South Korea exchange ban. So these moves affected the entire crypto market, so it was normal for every cryptocurrency to drop.
267  Alternate cryptocurrencies / Altcoin Discussion / Re: The Rule of 8 - A TRUE HODLER...! on: January 19, 2018, 04:37:03 PM
It's funny, and I agree with them, but I was never into religion so I like middle terms. It doesn't have to be black or white even when it comes to crypto. Let's face it, bitcoin right now, is presenting us an amazing opportunity to make some profit and generate more bitcoin. I am holding my coins, but instead of just blindly holding I try to sell at the top and buy when it's low, gathering more coins for my portfolio. What's wrong in selling bitcoin when it reached $20k and now buy it back after it went to $7k. Of course I didn't do it exact on these limits, but i did manage to increase my bitcoins a bit, with these variations. I support bitcoin, and when I sell it doesn't mean that I'm done with it, it just means that I want to hold more.
268  Economy / Economics / Re: Tax regulation on: January 19, 2018, 04:31:31 PM
Right now I don't have to pay taxes over bitcoin profits in my country, because it's still not regulated, but I will pay them if required because that's perfectly normal behavior. Lets face it, we will not leave in anarchy, and governments will continue to exist and they have power. It would be hard for them to completely ban bitcoin, but they could make it very hard to use, so if we pay taxes they have no reasons to come against BTC, and we all win.

Of course that we will eventually have more decentralized exchanges, and things will even get harder for governments. We can avoid paying taxes if we want, but I don't think there is a reason for us to do it, and I hope bitcoin gets regulated within reasonable boundaries of course. We can now fight back if they push us to much, and that's a good thing, but there is not reason to go to extremes.
269  Economy / Trading Discussion / Re: BTC Gdax & Binance Price Difference. Why? on: January 19, 2018, 04:07:55 PM
there IS this price differnce because people can NOT do arbitrage without problem. This is simpoly because it is USDT and USD.
You can not sent USDT to gdax/coinbase, so you need to convert the USDT to USD (or other way round) and send them via wire, which is expensive and it is not easy to exchange USD/USDT.
Do you now where to buy USDT with USD? I don't have any crypto just USD.

You can probably buy it at tether.io, although I never tried it. Bitfinex used to offer both USD and USDT, but I think you can only use USD now. I wouldn't recommend you buying any though, because there is still a lot of conspiracy around them, and until we know what's true and what's fake I would stay away from them. Everyone is asking for an audit for a long time, and until I see one where they can prove that they really have all those USD, to back their USDT, I will not use it.
270  Bitcoin / Bitcoin Discussion / Re: shopping with BTC on: January 19, 2018, 03:36:19 PM
If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?

Ideally we would like to buy things with bitcoin, and that the seller would hold bitcoin instead of selling it. Of course this can only happen if mass adoptions occurs. Let's imagine a bakery, and that we buy bread with bitcoin. It would only make sense for the seller to hold his bitcoins, if he could also buy the raw material to make the bread with bitcoin. So only when the entire industry is allowing payments with BTC, then we could see sellers keeping their coins.

This will take time to happen, but even if it doesn't, and bitcoin is just a payment method like PayPal, where people recharge their wallets to make payments, I don't think it would be bad for the price, but quite the opposite. It would not be the ideal situation I've described, but a lot of people would still be buying bitcoin to reload their wallets and continue to make payments with it. So we would have a lot of people buying and selling bitcoin at the same time and this would result in an equilibrium, so the price wouldn't really move. It could be moving up, because more people were using this "new" payment method, but I doubt it would go down.
271  Alternate cryptocurrencies / Altcoin Discussion / Re: Claiming bitcoin diamond and superbitcoin easily on: January 18, 2018, 08:40:54 PM
Thanks for sharing man. I actually didn't even claim by bitcoin gold yet, and I'm still not sure what I will do with these ones. Forks are happening to fast that it's hard to keep track. One thing is for sure, the mania around forks has settled down, and these last ones are not generating so much profits as the first two. I think forks will start to slow down, as soon as people realize that they can't keep making money out of them. Exchanges are not listing them anymore these days. Less money for us, but I guess that's still a good thing though.
272  Economy / Trading Discussion / Re: Bitcoin Triangular Arbitrage on: January 18, 2018, 08:18:35 PM
I actually did that once with bitcoin, litecoin and US dollar, but I wouldn't agree that it's a zero risk profit. Crypto markets are way to volatile, so unless the margin is huge so it can cover market fees, and you can also take market price right away, and still give you some profit, there is the possibility that the price of one o the coins would change, and the profit was gone.
Finding those arbitrages are also quite time consuming, and in my case the offer presented itself after a swing in litecoin. I wasn't really searching for it, so it was more like a trade that I saw I could explore. So in my case, a change in price actually happened in my favor. This means that if things change fast enough to go my way, the opposite could also happen.
273  Economy / Gambling discussion / Re: Mobile Legends Gambling on: January 18, 2018, 07:53:33 PM
I don't know the game, but after seeing the logo and the name it remind me of league of legends and I went check it out.
I really like dota style games, and I still haven't tried this one, but if it works well and it's a fun game, I would say that your idea is great. The problem with most of these mobile games, is that they follow the concept "pay to win", and users that make in app purchases have a huge advantages.

Like I said, I never played this game, so if this is a pure skill game, like LoL, then I would say that being able to make some type of tournaments would be great. I think you should create a thread to manage this. Users could go there, ask for a match and settle things with the escrow. Maybe the thread manager could keep a list of future matches in the OP. For instance a player would go to the thread and say that they would like to do a game for X amount and using X coin. The manager would put that in the OP, and other users could check that, and see if they are interested. If not, they would just ask for a game themselves, and that offer would also be added to the list, etc.

I only see a problem right now. How will the escrow know who was the winner? Are records keep on any site?
274  Economy / Economics / Re: Reliability and perspective of cryptocurrencies? on: January 18, 2018, 07:39:35 PM
Do analysis of mainstream analysts about development and the future of cryptocurrencies serve to make confusion and create suspicion in the reliability and perspective of the cryptocurrencies?


Unfortunately I believe so. The crypto market is huge, there are a lot of altcoins out there, so everything gets very confusing and it's hard to keep track of everything that's going on. It's normal for people to try to use the opinions of analysts and almost take them as their own opinion, specially if it has been proved useful in the past. The problem is, that most of these so called analysts don't really know what they are talking about either, but since they have a big number of followers, what they say ends up having an impact in the crypto world. This will increase their reputation even further, and their impact will keep growing.
I think people don't really care about what they are saying. It works as a signal, and when they say something good about a coin, a lot of people get the signal to buy, and the price goes up. It would be much better if people check their claims, and did their own research but this will not change in my opinion. It's a lot easier to be told what to do, instead of actually thinking.
275  Bitcoin / Bitcoin Discussion / Re: I'm gonna sell my house on: January 17, 2018, 02:06:35 PM
I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that

I really hope you are being ironic, because it's exactly this type of behavior that could end up making bitcoin a bubble. If people understand bitcoin and see it as an emerging technology, and a good investment, they should buy in to it, and then just hold. But as every investment, no matter how good it is, you can't really put more money than you can afford to lose. Buy selling houses and all their belongings to then buy bitcoin, it will be a huge risk. Since the markets can be easy manipulated, once the price starts dropping a bit, people will of course panic sell, because they can't afford to lose their money. This will create a crash, and people will lose money. If on the other hand people just make small investments, they will be patient and will not be driven into fud. Without fud or fomo there is no bubble to pop, and bitcoin will have a long life.
276  Alternate cryptocurrencies / Altcoin Discussion / Re: The real reason your altcoins are currently going down (important) on: January 17, 2018, 02:00:21 PM
Your explanation was quite good and accurate. I would only add that now that it's possible to short bitcoin with futures, these whales have an even greater incentive to lower the bitcoin price. They will be able to get a lot of cash from their short on bitcoin, and they will be able to buy back bitcoin at a lower price after the dump, and then go long on bitcoin and manipulate it's price to go up. They know all the fud that lives through these markets, and how easy it is, to generate panic selling and then fomo buying. And you are right, the only way we can fight this, is to hold our coins and don't participate in their money games. This will be easy to do, once real adoption starts happening. Only then, they wont be able to ride the markets as if they were their own playground.
277  Economy / Trading Discussion / Re: The future of BTC, ETH and LTC? on: January 17, 2018, 01:53:08 PM
How do you predict all of the future three crypto (BTC, ETH and LTC) by looking at current market conditions. Is there any hope of recovering?

https://www.cnbc.com/amp/2018/01/16/cryptocurrency-sell-off-bitcoin-and-ethereum-performing-better.html

Of course there is a chance of recovering. I'm actually taking this crash as something normal in crypto, so I'm not paying a lot of attention to it. We had a really big crash in September as well. We came from highs of $5000 to lows of $3000 and we easily recovered from that. I know it's not a crash as big as this one, but it ends up being the same thing in my opinion. A lot of fud leads to panic selling (this time with a little help from wall street going short on bitcoin), and then people see that bitcoin is still surviving, and it's not a bubble like bitconnect for example (that already went down 92% since its platform closed). Let's patiently wait wait for LN to be deployed, and things will boost again. Right now, we are at the hands of people with big money, that can manipulate the market. Let them play and just hold your coins, because they can't really kill bitcoin, even if they wanted to.
278  Economy / Gambling discussion / Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input on: January 17, 2018, 01:40:12 PM
I'm glad more decentralized sports betting are arriving these days, they will be a really improvement in terms of trust and security in the online betting community. As for your questions, I usually only bet on football, and tennis, so for me those would be enough. Major European leagues would be mandatory in football, as well as Champions o course. As for tennis, I would settle with grand slams and major tournaments. I like seeing a good option of markets, but they are useless if they don't have liquidity, so I'm ok with the basics as well. There is something I really like, that is the ability to lay teams, since it opens a lot of opportunities in sports betting, and normally results in better odds. Are you going to allow bets against and in favor in your markets?
279  Economy / Gambling / Re: Nitrogen $20 withdrawal fee on: January 17, 2018, 01:30:50 PM
Nitrogen is doing what others do to, at least nitrogen allows one free withdraw in 2 weeks, that is good tactic for them. Look at the betcoin, their withdraw fee for money from signature campaign is very high too, participants are complaining. Only one good thing there is they can withdraw using some alt and that's how transactions can be cheaper. I don't blame nitrogen, one of the best places for paying poker this days, I would like they to consider adding some other alts, I would gladly use it, high fees are killing many bitcoin businesses, that is not good.

I agree with you, we can't really blame merchants for the high fees. Bitcoin fees are high, so it's impossible for them to keep them low. They can remove a portion of their profit to cover the fees, and I'm sure they already do that, but they can't solve everything. There are a few things they can do however. One is accepting other alts that have less fees, like litecoin or dash for example. I remember directbet for example even accepted doge in their site. The other thing they could do, would be to start using segwit. I know this would require a lot of coding from their part, and most of these sites don't really have a good dev team that could do this, but they should have enough money to hire some dev and make this change on their platform though.
280  Bitcoin / Press / Re: [2018-01-15] China’s Bitcoin Miners Head West…to Canada on: January 15, 2018, 07:36:58 PM
These are great news, and come with great timing, given the new fud about China cracking down miners by removing the cheap electricity they have in their country. If China really goes forward with this, they will just lose some good revenue from electricity that they are currently getting from miners, and they will not harm bitcoin at all, since miners have plenty alternatives in other countries. Also like it's mentioned in the article, Canada is a great target for this, since it's very cold. I think things are getting good in Russia as well, so things are still good for bitcoin and there is no need for fear.
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