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2621  Economy / Service Discussion / Re: Cloud mining true or false? my experience on: September 24, 2018, 08:36:47 AM
Regardless of how much of a gambler or risk taker you are, it's plain stupid what you did and there is no excuse that you can come up with to "justify" your actions, not even being a complete rookie or greedy.

Because there are people like you, these scammers have enough reason to stay and scam others as well. If their shady plan works each and every time, why would scammers stop scamming? It's all up to you people.

Stop being retarded and these scams are no longer an issue.

@Slow Death

He's talking about a blockchain.com account/wallet it seems from the OP.
2622  Bitcoin / Press / Re: [2019-09-21] Tim Draper Still Has $260 Million Worth of Bitcoin at $6,500 Price on: September 23, 2018, 11:56:38 PM
This is obviously far away from the right mindset of holding Bitcoins for several years
without obsessing about short-term price action.
People force themselves to either trade or hodl while it's completely unnecessary because you can do both simultaneously. I did it too for a while but stopped trading because it doesn't work for me. I'm strictly a hodler right now.

If people feel the desperate need to bet against the short term market, they can allocate like 10% of their portfolio to speculative use. The other 90% will remain safely locked up offline. It's just a matter of common sense really.

The sad truth however is that most people will burn through that 10% with how they can't beat the market, but then again, you can better lose close to 10% than your entire balance (if you would bave allocated your entire balance to speculative use).
2623  Bitcoin / Press / Re: [09-22-2018] Bitcoin Transactions Up to 6000x Cheaper Than Bank of America Fees on: September 23, 2018, 11:21:46 PM
If large platforms"Blockchain.info, trading platform" activate SegWit, we will see more low fees, but it seems that someone wants to keep these fees cheap and not very very very cheap"less than 0.001".
It seems that there is a global dislike towards SegWit when you take into consideration that even Litecoin is severely lagging behind. Currently it's inching closer towards the 50% mark.

Bitcoin has surpassed the 40% mark some days ago, which probably means that somewhere in 2019 we'll break 50% if larger platforms don't cooperate. It's pretty frustrating to see how it doesn't pick up faster.

No one is obliged to actually run SegWit in full glory, but we should be on equal mind when it comes to allowing Bitcoin to scale. It's definitely a big block thing with how they also block Litecoin in various ways.

Litecoin is threat to Bcash because it's faster and just as cheap to use.
2624  Economy / Speculation / Re: woah didn't even see Goldman Sachs news recently was wrong on: September 23, 2018, 10:22:52 PM
Are you kidding me. The Goldman Sachs incorrect news came out on Sept 5th, and shortly afterward that same day the price dropped $900, and you think that is a coincidence?? haha OK Roll Eyes
I am not kidding you, and did I say it was coincidence? You don't seem to be capable of correctly understanding the context of people's posts I have noticed, which is your fault entirely.

As I said, it was a calculated dump. It was bound to happen anyway, but they may have chosen to use that news as trigger to make it not completely look like pure manipulation, because that's how smart money works.

If the price tanked with $1000 just because of this news, the price would somewhat recover directly after Goldman Sachs CFO having called it fake news. It didn't recover and thus it's not the main cause of the drop.
2625  Economy / Speculation / Re: Tether Has No Real Impact on Bitcoin price on: September 23, 2018, 10:11:09 PM
I'm fairly certain that Tether is tied to the USD which is tied to a host of other factors such as the interest rate, price of gold, housing market, stock market, inflation, etc
Seriously, you're overestimating Tether. It's nothing more than a token that should take away the inconvenience of actual fiat that's tied to KYC/AML policies forcing people using an exchange to verify themselves.

Tether in a way is similar to what paper gold represents. In both cases there is a promise that you can withdraw the underlying asset as per its stated value and quantity. If you discard the promise, it's just a token and that's it.

I'm not really in favor of these stable coins, but they do fill up an important role here, especially with how you can hedge a correction in crypto and easily move it to another exchange without being subject to legal shit.
2626  Economy / Economics / Re: Argentinian Economy Nosedive Attracts Crypto Investors as Peso Falls on: September 23, 2018, 09:29:00 PM
Argentinians also appear to be paying premiums to acquire BTC, around 3% right now.
I don't really consider this to be a premium that's noteworthy. Other countries with backwards economies have in some cases traded premiums of over 20% which to me reeks of more economical desperation.

That of course doesn't mean the premiums in Argentina won't be growing significantly higher in the coming year or so. It requires some time to actually see what the real effect is on the price of Bitcoin over there.

The only thing that fascinates me is that while premiums in backwards economies grow higher, the actual network use as in number of transactions doesn't really grow with it. Maybe an indication of pure speculation rather than use?
2627  Economy / Economics / Re: Bitcoin the inflation killer :-> on: September 23, 2018, 07:40:04 PM
Yes, we must beat inflation always but we should not focus on that, its better to have your target profit in this market, and win more later on. Inflation will continue to rise every year, so make your investments worth it.
How can you not focus on something that's so important? It's impossible for me to put aside as if it's not of any importance. I'm constantly battling against inflation, even when I'm not actively battling against it directly.

It's impossible to have any profit targets in this or basically any market. If it was that easy people wouldn't be losing continuously. The only worthwhile way to counter inflation is to hodl something that has the potential to increase.

In my case that's Bitcoin, but if we look at stocks overall, and especially the tech industry, it would have been a fantastic long term bet years ago. Right now I'm not sure how interesting stocks are with a looming correction.

Nothing goes up in value endlessly. The correction will happen.
2628  Economy / Speculation / Re: Tom Lee, from bitcoin bull to bitcoin bagholder on: September 23, 2018, 12:54:40 AM
Bitcoin's volatility by itself caused by simple speculation and increased by sheep panic buying should not be underestimated.
Another important factor is the lack of liquidity. If you look at BitMEX, there in some cases is $10 million worth of liquidity within a range of $20 which is unseen in the world of crypto.

If you had that level of liquidity available on exchanges as Coinbase Pro and Bitfinex, which are actually spot market price drivers, the price wouldn't bounce up and down as heavily as it has been doing for years.

The problem here is that serious investors won't wire hundreds of millions to any of the current exchanges because the trust isn't there. I don't even trust exchanges myself, and rightfully so.
2629  Bitcoin / Press / Re: [2018-09-16]$720 Million Bitcoin Wallet Has Woken Up on: September 22, 2018, 11:50:04 PM
Roger's bitcoin dot com domain and the bitcoin twitter handle are being used to deceive people in the worst possible way.
Worst thing is that Roger is lobbying to have merchants and services drop Bitcoin (can be seen in the videos he uploads on YouTube), where he even tells them that it would be a great publicity stunt for them as well.

Disgusting little rat he is. That once again makes it far more likely that he has been the reason that BitPay lost its mind and tries to turn Bitcoin into the less popular option by charging additional fees and changing the payment UI.
2630  Economy / Trading Discussion / Re: BTC LONGS & BTC SHORTS indicator on: September 22, 2018, 10:55:45 PM
SHORTS amount decreased a lot
LONGS increased
High possibility of continuation of the bull market (more or less)
Continuation of the bull market? Which bull market?

If you're referring to what happened yesterday, that's quite a normal movement fitting within the lower high trend that we have been subject to the moment we went down from the all time high last year.

What's more reliable as indicator, the lower high trend that has successfully been doing the same thing over and over again, or the continuously failed attempts to break out of the aforementioned cycle? I am going for the first option.

In the coming months we'll know what happens, but whatever the direction is at that point, I expect a serious amount of fireworks. I think a $5000 visit is more likely than an $8000 visit.
2631  Economy / Trading Discussion / Re: My luck is very bad for crypto trading 😞 on: September 22, 2018, 10:23:08 PM
I genuinely do not think I've ever made a good trade in my whole life. I always buy or sell at the shittest moment possible.   
Doesn't happen very often that I see people flat out admit that they suck at trading. It's a pure form of honesty that prevents you from making the same mistakes the far majority here make over and over again.

What I can't stand is that people think trading is a fun thing or that you can earn a certain amount every day as long as you dedicate enough time to trading. If it was like that, a lot more people here would be filthy rich by now.

Trading for most people is a losers game. You can't time the market, therefore it is gambling. You're either right or wrong, even with technical analysis. Hodling means no stress and no endless staring at price tickers.
2632  Bitcoin / Press / Re: 2018-09-21]News Crypto Pioneer David Chaum says his new blockchain beats bitcoin on: September 21, 2018, 11:30:28 PM
Bitcoin absolutely can be dethroned as the best cryptocurrency, it's just that it's very unlikely, because so far no one is even trying to do it - develope a protocol that is as secure or even more secure than Bitcoin.
Bitcoin has already been dethroned as best crypto currency, it doesn't represent anything that other coins don't offer. Bitcoin has only its decentralized nature to boost its value, and its first mover advantage.

Bitcoin is digital gold and that aspect can't be taken away from it. Bitcoin's advantage is that it doesn't try to do a lot things at the same time as Ethereum likes to do, so what is there to take away from Bitcoin?

Even if you come up with something that's 10000x faster and more secure than all crypto currencies combined, if the ecosystem here doesn't give a shizzle, it's not even going to be worth more than one top tier altcoin.
2633  Bitcoin / Press / Re: 2018-09-21]News Crypto Pioneer David Chaum says his new blockchain beats bitcoin on: September 21, 2018, 10:19:25 PM
Tons of coins have faster and more scalable blockchains than Bitcoin, so presenting a new one is pretty boring. The question should be whether his network is as decentralized and secure as Bitcoin's network. If it's not, then what's the point? A centralized blockchain is just a payment processor like PayPal, and no matter how hard those middleman claim to be honest, it never ends well for the users.
Completely agree with this. More so because there already is a super fast centralized payment system, which is called XRP. It completes transactions in just seconds, so what's there to gain from this?

XRP is also centralized, and it can scale to become even faster. I'm not hyping up XRP, but just pointing out that you don't gain anything from having a faster alternative than Bitcoin.

Bitcoin only needs to be Bitcoin in order to be Bitcoin. Can anyone follow me? The tech is completely irrelevant in this case since there is nothing that can replicate what Bitcoin did and will be doing in the future.

Most people don't give a shizzle about using crypto as money, regardless of how fast the transactions are. The volatility is killing all the 'usefulness' for daily transactions. Crypto is bad money.
2634  Bitcoin / Press / Re: [2018-09-21]Can Crypto Record a 1000x Return and Reach $200 Trillion Market Cap? on: September 21, 2018, 10:05:42 PM
Shocked Shocked Shocked

Did you write all this? I confess that I got so sleepy from reading your post and I did not finish reading your post because it's too big. But let's the point, I do not think Crypto will reach 1000x Return and Reach $ 200 Trillion Market Cap. This is very exaggerated, we need to be more realistic. we can achieve high values, but we can not exaggerate with predictions

edit:

I sent 2 merits for the quality of your post

Nope. He just pasted the rest from: https://cointelegraph.com/news/can-crypto-record-a-1-000x-return-and-reach-200-trillion-market-cap

In other words, today has been OPs lucky day due to your merit donation.
2635  Bitcoin / Press / Re: [2018-09-18] 1% of wallets hold 55% of the world’s Bitcoin on: September 21, 2018, 08:09:07 PM
I have no doubt that Ripple is being artificially pumped...it wouldn't shock me if the drop is harder than anything we've seen in cryptocurrency so far, so I'm staying the hell away from it.
XRP pumps are always fake and mostly lead by idiots not having an idea about what they are doing. If you look at XRPs charts, this is yet another common spike and it has been due for a while now, so here it is.

Good thing for crypto overall is that Ethereum is back on spot 2, but the question is for how long. Insane how it peaked at nearly $4 back in January of this year. One must be mentally ill to pick up some XRP at such levels.

We'll see where it ends, but I can't deny that it's more than interesting keeping an eye on the price developments today. Bitcoin's market cap dominance as irrelevant as it is has been eaten through by altcoins today.
2636  Economy / Speculation / Re: woah didn't even see Goldman Sachs news recently was wrong on: September 21, 2018, 07:34:13 PM
And that is the proof that news impact the price, and they impact it greatly. it is impossible to predict news like that.
Maybe it didnt have connection with the plunge but sure it did help.
The Goldman Sachs news didn't affect the price at all. It was a calculated dump. If it was really this news that caused the dump, it would climb back up as soon as Goldman Sachs said it was fake news, but it didn't.

It's always the media that's connecting price actions with certain "news events", but they have zero clue about the market either. They just want to get their articles out so you guys start clicking and generate ad revenue for them.

I'm quite sure that when Goldman Sachs announces that their trading desk is live, the market will ignore it entirely. Who gives a shizzle about it anyway? It might just as well be a CFD trading desk that's purely cash settled.
2637  Economy / Speculation / Re: I expected a price flop with the recent news. on: September 21, 2018, 06:47:24 PM
Otherwise Bitcoin would have skyrocketed at the beginning of this year when LN came on mainnet, but it's not a tangible or flashy news-y event, it was simply a technical milestone.
Well, LN doesn't fundamentally impact Bitcoin's network while this vulnerability could cause the network to suffer partly, or even in a more severe manner due to the news that came out today.

I'm actually glad (somewhat surprised as well) that the amount of fud coming from the Bcash side has remained on the lower side. I expected much more shit from them but thus far it has been within 'appropriate' levels. 

Let's see how many non SegWit nodes will finally be upgraded to the latest Core version. The most favorable scenario will be where we'll end up with more SegWit support than before.
2638  Economy / Economics / Re: Found out where all the bitcoin money went... on: September 21, 2018, 08:34:26 AM
I'd say pot industry has better fundamentals than cryptocurrencies, millions of people were smoking weed illegally, now even more will join, especially as more states and governments legalize it. Maybe at some point weed will even flip alcohol as most common drug. Kinda hard to compare weeds adoption with cryptocurrency adoption when most of the coins have almost no users, and even popular coins mostly used only as speculative investment.
The advantage of a company is that you can track its profits and revenue streams to somewhat see if the price of a stock is fairly priced. With crypto there is no such a thing as that.

There isn't even such a thing as undervalued crypto currencies because there is nothing that tells you whether or not that's actually the case. People just look at the charts to see whether or not it's a good time to buy.

I seriously hope that alcohol will lose market share, especially with how most people don't realize how much more destructive it is. Unfortunately, I don't think I'll ever invest in any of the pot stocks.
2639  Economy / Trading Discussion / Re: Will bitcoin reach $100,000 in two years? Bitcoin statistics and predictions on: September 20, 2018, 11:39:51 PM
The ETF would have been one probable force.
Aside from an initial peak based on speculation, we don't know how much impact an ETF will have on the market, especially because of how we don't even know which of the many proposals will be accepted, if ever.

If it's an ETF purely meant to track the price without anything else to back it up, there will be no long term impact. The only way that an ETF might have some degree of impact is to have it be backed by Bitcoin itself.

Vaneck's ETF proposal is quite a flexible. It allows a continuous purchase of Bitcoin in case the demand is strong enough. Only time will tell what's going to happen, but don't expect anything to be approved in the coming years.
2640  Economy / Exchanges / Re: The coinbase bundle on: September 20, 2018, 10:44:50 PM
Poor Coinbase, this is yet another desperate attempt to gain back some relevance, but I'm not sure how they plan to book any success with this nonsense. They just have to accept their defeat.

It's impossible to compete against exchanges not bothering to comply with regulations as much as Coinbase does. So no, I don't think it will gain much popularity with how these coins don't appeal to noobs.

If you don't have rubbish such as EOS, XRP, XLM and so forth, the interest won't be there, especially with how this is a product focused on noobs. Feed noobs noob shit, not coins that the elite wants you to buy.
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