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2761  Economy / Speculation / Re: reverse market how to tell on: January 03, 2021, 11:13:34 PM
Won't happen. Not for a long time. Late 2021, maybe.

People are obviously still traumatized from the 2018/2020 bear runs. They're so scared of a bear market. Reminds me of how I felt in 2016 and early 2017. At that time I was still licking my wounds and shaking off bearish sentiment from the brutal 2014-2015 bear market.

I lost a bunch of BTC back then being skeptical of another BTC bubble and worrying about preserving USD capital. Big mistake.

Don't make that mistake. The bubble is just beginning. Any "crash" from here is a dip buy opportunity. If you're thinking about panic selling spot coins, you've got weak hands.

I'm hunting for a red month... I was doing some analysis a while back and I think the last bull market saw 9 green candles (this is anywhere between 8 or 10 months due to the timing of the close I used). So far we're on 3 successive green closures, if it lasts a similar time to last then that puts us at May-August if a red doesn't come around (although there's suggestions bull times get longer and longer as bitcoin ages - as bitcoin ages it fundamentally becomes more bullish as it remains secure and maintains its reputation).

2762  Economy / Speculation / Re: reverse market how to tell on: January 03, 2021, 06:28:17 PM
We don't know when to do this and this is the problem with trading speculative assets. You can make a decent return by deciding WHEN you want to pull out price wise or coin wise - last bull run i pulled some when we were half down from the ath (was still a decent gain).

Realistically i think if bitcoin starts to fall and the dominance follows suit (falls to 60% or something) its probably a good idea to sell. I'm not sure if anyone's checked but a little after bitcoin reaches a peak (say 3 days) if trading sideways, you might make more converting to alts and waiting for the sideways continuation to be over.
2763  Bitcoin / Legal / Re: BTC taxes - Unknown cost basis on: January 03, 2021, 03:46:28 AM
You haven't actually said where you're from?

If you made less than a certain amount of income from mining at the time the coins were mined them you don't have to have declared them as income (the threshold for a declaration is £1000 in the UK for example).

You normally don't need to provide evidence you've been holding the assets for a long time but thisight change based on the tax system - for example the irs in the US might expect such evidence to be attached. There is normally a field on a tax return where you are optionally able to explain where the funds came from - you can use this space to free up obscirities normally..
2764  Economy / Speculation / Re: BTC back to $20000 possible in 2021? on: January 02, 2021, 06:43:47 PM
The major resistance zones I see are:
28000-30000
26000-28000 (overlaps with above so the area above 28000 probably won't be well protected of we start to decline by a few 000).
21200-24300

And then 18-20..id say a drop below 18k by now is especially unlikely unless something major happens but a drop to 20-24k may still be quite likely.
Though we could end up just going straight up...
2765  Alternate cryptocurrencies / Altcoin Discussion / Re: You believe or not but the future of cryptocurrencies are ETH and another one on: January 02, 2021, 05:35:36 PM
But a 51% attack has nothing to do with the number of blocks, it has to do with the hashing power and target at the time the chain was forked.

2766  Other / Meta / Re: What Are these spammers trying to do? on: January 02, 2021, 05:01:28 PM
Yeah it's being used for seoing. They get deleted pretty fast anyway. Hopefully they're deleted before a crawler reaches them.
2767  Bitcoin / Electrum / Re: Forced closed lightning network channel got stuck in the blockchain on: January 02, 2021, 04:11:13 PM
2. It was probably closed on the other peers end while you were offline for the safety of both parties.

1. You can do a CPFP on the transaction by working out the address it was credited to (addresses tab) > right click > spend from and send the funds with a higher fee to an address you control.
2768  Other / Beginners & Help / Re: Electrum 200% fee on: January 02, 2021, 01:18:03 PM
Like the others have said but the slider positioned furthest to the left is coming up with a best guess fee to get the transaction confirmed within 5 hours.
I'm not entirely sure what you mean here. Why 5 hours?

The Electrum slider has three settings - ETA, mempool, and static. With the slider all the way to the left, these give the options of within 25 blocks, 10 MB from the tip, or 1 sat/byte. If you want the cheapest possible fee, then choose static and select 1 sat/byte.

25 blocks is, on average, 250 minutes - - > 4.16667 hours. It was an attempt to make it less arbitrary as a number of blocks and convert it to time.
2769  Other / Beginners & Help / Re: Electrum 200% fee on: January 02, 2021, 04:08:04 AM
if i slide it all the way to the left, will a transaction take 7 days? and why do i only make $1/day when i mine on nicehash if someone is making $4/transaction?

Like the others have said but the slider positioned furthest to the left is coming up with a best guess fee to get the transaction confirmed within 5 hours.
2770  Bitcoin / Bitcoin Discussion / Re: Largest Scale Adoption Seen To Date on: January 02, 2021, 04:04:17 AM
Or are they afraid they can't track the sites revenue for tax? Governments makes things they cannot control illegal.

Democratic governments should act:
    When they feel like they've lost control
    When they feel control is needed
    When they feel control would be not too difficult to implement (benefits of implantation v its cost and complexity).

A site like PH is much easier to take control of than bitcoin for example (of you reread the bottom part of your post, you can change the subject to bitcoin and it may still fit since governments can't control it well).
2771  Other / Beginners & Help / Re: Electrum 200% fee on: January 02, 2021, 01:46:40 AM
I paid $4 for a fast conf yesterday.

Can you see a slider on electrum? If you slide it all the way to the left you should be able to spend with a lower fee. You can also go to preferences >fees > set fees manually and then check on a website what it recommends as a fee for a confirmation in a few hours (just search for the website there's a lot of them).
2772  Alternate cryptocurrencies / Altcoin Discussion / Re: If XRP loses then Dai would need to be pegged to another currency, Why? on: January 02, 2021, 01:04:20 AM
So you somehow think the sec filing against xrp will have an impact on the dollar? Why?

Cryptocurrencies are a tiny part of the financial world and xrp already looked badly managed by the core development team who looked to have given up on the coin a while ago... 
2773  Other / Beginners & Help / Re: How to keep fiat safe while waiting to buy dips? on: January 02, 2021, 12:22:17 AM
I think this is what dai, usdc and usdt are for. You can convert to those and store them on a ledger nano (if you're able to use it with metamask or myetherwallet).

You could also check the fees using normal coinbase (non pro) with a debit card if you have one and see how long that takes to process.




Use normal coinbase to convert fiat to usdc or dai to pay low fees.
2774  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC Dominance 70.4% in CoinMarketCap. Do I need to exchange BTC to ETH? on: January 01, 2021, 09:55:04 PM
It all depends on how the market moves because, should Bitcoin price try to correct, all those altcoin prices will also drop quick. Right now they are just following how Bitcoin price moves, and it's hard to predict what happens next,
By the mere fact that Bitcoin dominance is 70% should be a good indicator to show that alts are not doing well during this bull run and that includes ETH. Back in 2017-2018, this was not the case, BTC dominance was down to around 40-30% if I recall very well.

I thought Dec 2017 saw btc dominance rise to between 86 and 90%? I know it's been there at some point anyway so it could be the same again... I remember it dropped quite far in January 2018 though.




I'd wait for eth to fall to 0.017-0.02 btc before you buy if you want a bit more security but I don't look at that pair very much.
2775  Bitcoin / Bitcoin Discussion / Re: Largest Scale Adoption Seen To Date on: January 01, 2021, 08:59:46 PM
It's bad for crypto but it's also what could've been done with cash.

I think it's up to governments and the legal system to deal with this sort of thing though as the same thing could've happened with cash or bank transfers(like cheques where it's possible to get someone else to cash it). Fundamentally, people live somewhere and have to answer to the legal systems they're in. It's going to be much better to get a site like PH banned by firewall from the country if it doesn't agree with that country's legal system). As long as it's not in a "grey" sector and is perfectly illegal then a country should be able to facilitate its ban or enforce against people accessing it.
2776  Economy / Speculation / Re: 2021 - will this be the year bitcoin? on: January 01, 2021, 08:28:24 PM
It'll probably be a year for both.

I suspect people trading things like Elliott waves or even "buy the dip" strategies might do quite well this year.

I think if we see like 2017, we won't go back. The $40-$60k region is what I suspect we'll go back to if we do make it up past $250k. So if it does that then holders will see a 100% return even without doing much more.

(These are my current ASSUMPTIONS so far I wouldn't recommend people speculate based on them - because I'm not). 
2777  Other / Politics & Society / Re: Why don`t we all make the supply? on: January 01, 2021, 08:15:48 PM
But why?

You could always make one of these yourself an dpish it out for adoption without much changes or code need but it probably won't be worth anything.

You'd also need a function that stops someone from making an infinite number of wallets and sending the coins to their main one...?
2778  Bitcoin / Bitcoin Technical Support / Re: [Dec 2020] Fees are low, use this opportunity to Consolidate your small inputs! on: January 01, 2021, 07:38:52 PM
I'd double check on the fees before sending now as they're quite volatile.

I paid 93 sats per byte nlyesterday to end up 47mb from the tip of the mempool (at the time of sending that was considered enough to get confirmed in the next block and then there was a spike). 
2779  Economy / Economics / Re: We dont see and dont feel hyperinflation only for one reason on: January 01, 2021, 07:03:55 PM
Lets do test ? Lets open economy full ... youll see how fast the milk price will go to moon

No one'll buy it though? People will just cut it out of their diet or use something else. If milk goes up, the price of a cow goes up so more people with enough land will buy a cow to produce milk and more milk hitting the shelves will knock down its prices.
2780  Economy / Economics / Re: We dont see and dont feel hyperinflation only for one reason on: January 01, 2021, 06:56:52 PM
Both people with a good background and understanding of finance and those who don't participate didn't notice much as a whole imo. People with a bad background, sold the bottom or sold the decline near the bottom - or didn't buy back low enough.

There are people with econlics or finance degrees that don't think inflation exists so I wouldn't generalise all of them as rational.

Your last sentense doesn't seem to make sense though?
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