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2721  Other / Beginners & Help / Re: List of useful Bitcoin block explorers on: July 26, 2021, 03:17:27 AM
I thought I was the only one having a disliking for the new IU. It's quite confusing and not as user friendly as the old one. This has forced me to look for and use alternative block explorers likes Blockchain.com which i even never liked initially.
You are not the only one who dislike the new UI. At least, in the topic, with recent posts, you can find four.

Quote
How I wish such projects would carry out a community vote before rolling a  new update  Cry
I don't like it and don't step in shoes of designers who make the new UI. They can do better by giving users two options.
- Classic UI: The previous UI.
- Modern UI: The newest one (the current one as well as future upgrades)
It always takes time for us to familiarize with new UI and some people don't want to waste time to experience new UI. They should give users options to choose. Many exchanges have binary options for customers with their UI upgrades.
2722  Economy / Trading Discussion / Re: Utilize multi-time analysis in trading on: July 25, 2021, 01:31:49 PM
Most traders pick their one time-frame and then almost never leave it. They are so locked into their timeframe that they forget about the bigger picture.
Time-frame is different for different traders. If you don't have time and are not a full time trader, you might choose 1 hour or 4 hour time-frame to trade.

If you are full time trader, you can choose shorter time frames from 30 minutes, 15 minutes to 5 minutes.

Quote
The other extreme are traders that constantly jump from timeframe to timeframe without much of a plan. Those traders are mostly driven by emotions and trade very impulsively.
A better approach is the top-down multi timframe analysis where you start on the higher timeframe, look for the bigger picture perspective and then slowly build your trading plan by going lower.
It is not about extreme view but about strategy. If you only use 15 minutes time frame to trade, you will not realize what's going on generally. You will be stucked in a narrow picture with 15-min candles. You must zoom in and out in order to have a general view about the market.
2723  Economy / Speculation / Re: Bitcoin hits key level since May...could Elon responsible on: July 25, 2021, 01:14:58 PM
Did you believe that Bitcoin will have price at millions of dollars before the participation of Elon Musk in the market?

If you did believe it in 2019, because of its scarcity, mainstream adoption and by any model such as Stock to Flow model, the participation of Elon Musk is a small part of the party.

In fact, it is a small part on the market because Tesla or SpaceX are one of institutions that have investment in Bitcoin.

https://stats.buybitcoinworldwide.com/stock-to-flow/
https://www.buybitcoinworldwide.com/treasuries/
2724  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk's two tweets on Dogecoin drive value of cryptocurrency up by 7% on: July 25, 2021, 01:07:45 PM
Not only experienced investors, even newbies who can think smart, probably avoid buying meme coins. There are already many discussions spread out in this forum that discussing the harm or risk of meme coins. That should be a warning for all members to not trying to invest in meme coins. But for those who are always greedy and think instant profits, they may buy meme coins.
Newbies do like this. They say meme coins are risky, reject to buy meme coins with cheap price but they will buy it when they see big green candles. They are scare with cheap price but are brave with expensive price.

Experienced investors can buy meme tokens or not but if they buy, they will buy those tokens very early or only buy when price of those tokens have serious corrections.

To my mind, Elon Musk now sees on his own that people at last figured it out that he just manipulates the prices to benefit by himself. Without any fundamental reasons for it, prices of Dogecoin pump several times due to Elon Musk’s tweets, so he decided to use it as a tool for earning, but now price doesn't react so significantly. So it is pointless for him now to try to pump the price of Dogecoin again by his tweets.
Now recently but a long time ago. Years ago when Elon Musk made his first tweet about Dogecoin. It takes Elon Musk two to three years to accumulate Dogecoin and test the market with his tweets. Dogecoin was pumped with his tweets in 2019 so Elon knew that he can be a big influential person with Dogecoin.

The last year is when Elon Musk officially shown his power to manipulate the Dogecoin market.
2725  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Recover of litecoin on: July 25, 2021, 12:51:40 PM
Litecoin is very slow than other NFT in the market reason most investors prefer to invest through NFT because litecoin were not that good anymore , and probably even it will recover no one gonna ride in it because there's a bunch of new emerging coins in the market that seems very promising as well compared to litecoin. Sorry to say but that's what i see since from the beginning when litecoin lose support in the space.
They can get more profit with NFT this time but a few months later, they will lose all of profit they have now. In cryptocurency, it is easy to have profit with coins or tokens you buy if you are lucky and buy in uptrend.

Nevertheless, it is not most important because the biggest challenge is how to keep your money. It is hard to keep your capital safe but it is harder to keep your profit safe. When you have profit, you are more carelessly with your actions and you will make investment more emotionally.
2726  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue on: July 24, 2021, 02:03:55 PM
Absolutely, I will store the file encrypted in different places this time. I think I will stick with the wallet.dat backup option + strong passphrase.
Remember to write down your strong passphrase. You will lose your coin if you lost your strong passphrase and won't be able to get access to your private key in that encrypted wallet.dat file.

I made that mistake because I thought I can remember the passphrase. After I did not open the wallet each week, a few months later, I forgot the passphrase and lost my coin. It's bad memory and terrible lesson.
2727  Other / Beginners & Help / Re: List of useful Bitcoin block explorers on: July 24, 2021, 01:57:03 PM
The famous block explorer Blockchair.com has changed its design recently and is looking like that now:
The explorer was changed for a while, weeks ago.

Honestly, I don't like the new UI of the explorer. They don't show all length of addresses in one transaction (your screenshot shows it as well). It is inconvenient if you want to find any address in one txhash.

I would prefer the previous UI than the newest one. It looks to be too colorful and inconvenience.
2728  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue on: July 24, 2021, 12:41:50 PM
After doing that you should be able to dump the keys using dumpprivkey on the BGL Core console.
The file you store your private key should be encrypted. The same goes for your wallet.dat file. If hackers can get access to your private key, your coins will be stolen.

A very bad practice is keep your private key in Notepad file, unencrypted. You can use Keypass, read more in [GUIDE] How to Create a Strong/Secure Password
2729  Economy / Trading Discussion / Re: [GUIDE] Fibonacci Retracement on: July 23, 2021, 02:27:47 PM
Fibonacci Retracement brings obsession to inexperienced people on the market. You don't need to use Fibonacci in order to know where are ranges price will be bounced back.

Price charts give us all necessary things: consolidation of price, and volume spikes. You can use Fibonacci but I don't think it is too useful.
2730  Bitcoin / Bitcoin Discussion / Re: Elon wants Bitcoin to be a Currency not a Asset from the 'B' Word on: July 23, 2021, 01:25:01 PM
Bitcoin can be both as either a currency or a asset of storage.

It is true for now and in the future. We have rights to choose what Bitcoin means for each of us. You can consider Bitcoin as a currency only and don't consider it as asset of storage. However, I can only consider it as asset of storage and I think it is better than gold, but I might not consider it as a currency.

None of us can get rid of the characteristics as either a currency or asset of storage for Bitcoin. Elon can not so why do we have to listen to what he wants Bitcoin to be.

It supposed to be both regarding to the Protocol. https://bitcoin.org/bitcoin.pdf
2731  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue on: July 23, 2021, 01:17:40 PM
I'm using BGL Core, I was asking if there is a way I can view my passphrase to write it down again, in case I lost my backup. Thank you.
There are multiple ways to do in order to back up your wallet or a specific private key of a public address you use to store your Bitgesell coins.

Backup with your wallet file is the easiest method but you have to do:
- Multiple wallet.dat files in multiple devices (computer, laptop or multiple USBs)
- When one USB is broken, technically it is possible, you will have a few others to use.
- Regularly check up those USBs to make sure that are usable. If one USB is broken, you should replace it with another one.

It's important that if you set a passphrase for your wallet (you encrypt it), you must backup the passphrase as well. If you lose it, you will not be able to access your wallet.dat file. Then you will lose your Bitgesell coins.
2732  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue on: July 22, 2021, 01:32:18 PM
Hello guys, don't know if am doing something wrong, but I've been trying to download the latest version of the Bitgesell windows wallet which i believe is version 0.1.7, I followed the link on the website and bitcointalk here and both took me to github quite alright but they always return an error tell me page is not found, please, what can I do, where else can I find the Bitgesell windows wallet version 0.1.7 to download, it's very urgent guys.?
Nice catch.

Probably something with Github and wallet files for Windows and MacOs. I double checked download resources from https://bitgesell.ca/#services
Linux works but only Windows and MacOs don't work.

The Bitgesell team should check this issue ASAP.
2733  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: July 21, 2021, 11:11:18 AM
 First 4 years it seems same inflation period. Anyway it doesnt matter. Demand vs supply if you look at it,its performance is pretty bad. And that asic firms started to adverties MWC instead of GRİN mining,makes me think GRİN Asic sells are bad also.

 Good fundamentals but market doesnt like it. Maybe regulators suppress exchanges secretly  becuz its a privacy coin. i dont see any reason else.
Check the vision of theymos.
Grin inflation rates
Year #Yearly monetary inflation rate
136500%
2100%
350%
433%
525%
620%
717%
814%
1110%
215%
343%
When 99% of people on the market think Grincoin is death, it will rise. Where we are now? I think it is good to accumulate, do DCA and hodl it in a next 4 years.

When most people are tired and gave up, price will increase amazingly. It is how the crypto market works.
2734  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: July 21, 2021, 10:58:38 AM
Monero soared from 35 usd to 450$ , Grin dropped from 2$ to 0.2.  Comparison mismatch. Maybe there is smthng wrong about Grin we dont know.
Posts are above but you did not read. Soon you will know it is right or wrong. The market will show you the fact of Grincoin.

Quote
İnflation seems same as btc first years.
Bitcoin and Grin coin are different and they have different supply schemes. You are totally wrong if you say Grin coin has same inflation rate of Bitcoin in first years. First years, how many years do you call as first years?
2735  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: July 21, 2021, 10:02:32 AM
Grincoin still is not as good as the other privacy options we have out there though and unless there is a big movement to improving the current features I think the excitement of this coin at first is going to disappear quickly. Grincoin is just deprecating in value every day and because of that more people are going to stop using it and move onto something different.
I did not say Grin coin is the best privacy coin.

I know Grincoin is still in its high inflation (theymos posted details and his vision about Grincoin).
What I say is a trend that is very important in crypto market. Do you see anything good with shit meme tokens, $SHIBA, etc.?
But $SHIBA and other meme tokens rose to the Moon for nothing. They are useless but they rose a lot with a trend initiated by Dogecoin and Elon Musk.

If Monero soars, it will cause other privacy coins to join, with a trend for privacy coins.
2736  Alternate cryptocurrencies / Altcoin Discussion / Re: What would happen to DAI if Tether collapses? on: July 20, 2021, 09:50:39 AM
Stable coins are not the safest assets as people believe. DAI is better than Tether USD but any collapse from big exchange, big cryptocurrency, big stable coin will result in the consequent collapse of the market.

Stable coins are good to trade. If you trade daily, use stable coins.

If you are long term investors, you should have fiat currencies. Why do you reject fiat currencies when they are backed by governments?
Both fiat and stable coins can be collapsed but fiat currencies have less risk than stable coins.

Put your capital into Bitcoin, fiat currencies and some big stable coins.
2737  Bitcoin / Bitcoin Discussion / Re: Reasons for newbies loss in bitcoin on: July 20, 2021, 09:39:43 AM
Not your keys, not your coins. https://notyourkeys.org/

They store their bitcoin on exchanges, and skip the fact that they don't have private keys.
They don't mind to learn about non-custodial wallet. Recommended wallets
They don't secure their asset, ignore all basic recommendation about security, privacy. Good topics on security and privacy

They don't know what they are doing, trading, investing or gambling.



2738  Economy / Trading Discussion / Re: [GUIDE] create your TA Indicators {TradingView} on: July 20, 2021, 09:21:42 AM
When Trading view launched that feature about 3 years ago, it was highly accepted by communities. Not all people who join the market knows coding but that feature brings more advantages to coders.

People who are not coders, can buy good scripts to use. There are free scripts but there are paid scripts and if scripts are good, can bring profits for your trading, it's worth to be paid.
2739  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue on: July 19, 2021, 02:05:34 PM
I'm trying to follow the Taproot signaling block using this: https://bitcoin.stackexchange.com/a/105854. It should do the job right?

Currently, there is still no block signaling for Taproot, assuming the above method which is used by Bitcoin could be applied to BGL.

~ snip ~

I also fork the https://taproot.watch/ to match with the BGL taproot activation threshold.
https://github.com/vv181/fork-explorer/tree/BGL

Great initiative to contribute to the Bitgesell project. I am a long time supporter of the project so I appreciate your work.

Are you sure you code correctly and the information that no block signaling for Taproot is accurate?

Because in the previous period to signal for Taproot lock-in, there were a few more blocks to get enough signal and lock it in.
2740  Bitcoin / Bitcoin Discussion / Re: What is your Average Bitcoin Buying Price? on: July 18, 2021, 11:25:20 AM
DCA, Dollar Cost Averaging is a good strategy when you invest in Bitcoin.

If you do DCA in the last 3 years, with $100 every month, your portfolio is up 344%, even during the dip, even at the time Bitcoin falls about 50% from its 2021 all time high.

https://dcabtc.com?sd=2018-07-18&sda=3_years&f=monthly&d=3_years&ac=10000&c=false
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