it is obvious isn't it?
there are sites for that too where you enter your private key to search the obviously fake "d-a-t-a-b-a-s-e" and obviously what that site does is instead of searching for it, it does a quick sweep to empty that address!

if you search OP had included a link to one of these stupid scamming method before!

today is one of the cases of this happening in real time. right now as i am typing this price is $867 on bitfinex and it has shot up in less than a day. now the question is what is everyone doing in this case?

i am personally looking for a top to sell some coins and wait for a bottom to buy back more. probably on 880ish price. but i have to wait and see.

well the thing that happened to OP is not clear in my opinion. i have read his comments in the first couple of pages and to be honest i have a feeling that he is not telling us everything.

we have all been using banks, our parents have been using banks, everyone around us too. and none of us have ever heard or seen a bank closing someone's account with no reason and get away with it.
although mistakes always happen and they get fixed easily with a little time but nothing like what OP is telling us.

the after 2012 halving rise and that ATH you are talking about which was in 2013 has not much with halving but mostly was because of manipulations and pumps of MtGox the biggest exchange in the world by that time.

but yeah the rise is also because of the second halving, i was always saying this back then before halving that price will truly rise in a couple of months after the halving when miners sell all the remainder coins and they start selling the new rewards of 12.5

also there are so many other good news about bitcoin too. specially in US where Trump seems to be so pro bitcoin these days.

do you actually have some reliable reference for this?
or are you saying this because you saw some popular topics in this board filled with hundreds of comment?


of course bitcoin is not made for that.
it is a currency first of all and that makes it the same as any other currency, people use them to pay for all kinds of things. you can pay for your bills or buy drugs with both USD and BTC. not much difference there.

if the fundamentals are the same as bitcoin you can't just pick a random address on your own, the address has to match certain rules which is the base58 encoding with checksum.
like this:
you can find articles on how to do it with bitcoin and then change them to your altcoin:
https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins

p.s. donating them would be wiser and easier!

yes but it is the different from other gambling games only in the sense that you need experience in it to be able to win, and the site doesn't decide you win or lose.

but it is the same as other gambling games at the same time because when you lose you lose all your money. in other words it is either lose all or win all and there is nothing in between.

but it certainly is not trading, and i don't know why someone with trading knowledge and ability to analyze the charts would choose gambling instead of trading itself.

lol bitfinex hack had nothing to do with manipulation and/or whales!
it is the clear example that there are too many newbies in the bitcoin and they easily panic. the whales involvement in that incident was those buy walls you saw down at $500 and those pockets that was filled with super cheap coins were whales pockets.
also if you look at the orderbooks they are still thin compared to other markets like gold or forex that is why drops like that still can happen.

i've voted for Join The Bitcoin Revolution only because it is the better of the two, but since you are saying what you want this tagline be for is educational based then i guess it is not 100% compatible with what you are using it for.
if i came up with something better i will mention it here but i think you should somehow add learning about it here.

first problem i think is lack of awareness/advertisement for these things. for example i never knew there is something called decentralized exchange until recently and until now i don't know how many are there and which is which and how each of them are!

and i also checked some of them out and they don't seem to be offering the same features i get on regular exchanges. and there is always issue of fiat trading.

i don't get disappointed that easily. of course there is a big difference between getting frustrated or even sad about a decision than getting disappointed.
i believe that every action that i take is one more step towards a better decision next time, even when i make a bad decision it means i won't make it again because i tend to learn from my mistakes and move on fast.

i wouldn't recommend coinbase at all, they are under attack from IRS and there is always a possibility they go under because of pressure and users cashing out.

bitpay however seems to be a good choice and i have been seeing it a lot more than any other processor. and as someone who have used bitpay for paying for services and goods i liked the user experience.

nobody knows these things about bitcoin for sure only because it is a new technology so you can't predict it based on the history it had. i bet it was exactly the same for many other markets too in the first 10 years of their existence. and bitcoin is growing right now and there is no reason for it to die in the next 5 years. 10 years is not sure but it will certainly take a lot for bitcoin to go down at this point.

have you thought about getting into another job to earn money and investing in something else for profit?

also there is always altcoin mining which you can do with your graphic card (GPU) if you have a decent enough system, but all that is only if you have a very cheap electricity and willing to shorten the life your equipment by running it working for long hours.

anyways check out coinwarz.com it has some good info on mining.

read:

having the capacity is worth nothing when nobody is using that capacity. you may as well have 0.4 kb block sizes.


thanks for the link and it proves what i said above. faster blocks means more orphans.

according to the chart the average orphan blocks of your coin in 10 days is 160-220 blocks and some days it goes up to 953 orphan blocks

now those numbers are max 4 orphan blocks worst case scenario for bitcoin and an average of 0.5-1 orphan per 7 days according to blockchain.info charts.

in other words as a conclusion, with bitcoin you need to wait for 3+ confirmation to be sure and with a coin like above you need to wait at least 1000+ confirmation.

why should it change anything?
before halving miners were being rewarded 25BTC for each block and bitcoin was worth starting $170-220 and stayed in $200 range for a very long time the last time i checked ended with $400ish price.

now they are getting paid with 12.5BTC per block and price started with $550 ish (rise happened before the block halving) and not it is $780

25*300 = 7,500
12.5*780= 9,750

confirmation and number of transaction/sec (TPS) are the same thing and it is 7 TPS for bitcoin i was right. and as i said the restriction factor is the size of the block that coin has and the time between the blocks and also i suppose the average size of the transactions.

in the end it doesn't matter BTC, DASH or ... if you can only put ~4000 transactions in one block they will all have the same restriction.

solution bigger block, shorter time between blocks, smaller transactions.

each of these have their own problems though which i am not expert enough to discuss at length but in short for example a bigger block or blocks that are mined with 2 minutes interval means size of the blockchain will be 100 GB in 500 days (it took bitcoin 7 years to reach 100 GB)

edit

here is an example for you. 30 seconds and if i take his word for it 20X current capacity means blockchain size is also growing 20x faster.
bitcoin : 7 years : 100 GB
ZEIT : ~100 days : 100 GB
(assuming it handles the same amount of transaction bitcoin is handling) having the potential is useless as long as it is not used.

also another problem that i forgot to mention is orphan blocks which will increase drastically with shorter time interval blocks.

transaction/second depends on how many people are using it.

speed of transaction to appear on the network depends on the speed with which you can send the transaction out (internet speed) and the nodes to receive it and propagate it also based on the connectivity of the nodes (connected to 1 node takes longer than if you are connected to 100 and send the tx to all of them)

confirmation time also has nothing to do with the algorythm. it is based on the time difference between blocks. (how fast blocks are mined) if it is ~10 minute like bitcoin time is ~10 minutes. if an altcoin can mine blocks every 5 seconds then it is every 5 seconds.

number of transaction/second that the coin can handle depends on size of the block (eg 1 MB for bitcoin) and time between blocks (i think it is something like 7 tx/s for bitcoin)

so which one of these is your question?

nothing is happening it is more like the natural thing that happens to all the altcoins. all of them get pump and dumped from time to time and ethereum is experiencing what most speculators were warning you about, it is experiencing dump. and it will go on down more too.

gold is also profitable, based on the time and so many other factors price of gold is also fluctuating which makes it profitable enough as an investment. besides it is mostly trading that makes all of these investments profitable, which means you buy on the dips and sell when price went up.