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2841  Bitcoin / Bitcoin Discussion / Re: Indian banks embraces blockchain on: November 23, 2017, 02:06:54 PM
there are a lot of different banks around the world that have been embracing the blockchain technology for a couple of years now. some of them are in the process of creating their own centralized network to use and increase their security drastically. this is a good news for banking system more than it is a good news for bitcoin and cryptocurrencies in general.

for example the other day I was reading about a couple of banks that were supporting Ripple and all along they were pretending to want to use XRP but they finally ended up dropping it and moving on to their own version based on ripple!
2842  Bitcoin / Bitcoin Discussion / Re: Why isn't bitcoin enough? on: November 23, 2017, 01:56:53 PM
That's trillions of units.  So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc.  Why is all this happening and where is the value.  It starting to look like what the Fed does with money printing. 

when "Fed" prints money, the money they print is identical to the money that you were using all along. you can still take that money into shop and buy shit with it the same as before.
when they fork bitcoin like this and create bitcoin cash, bitcoin gold, bitcoin silver, bitcoin blank you can take bitcoin to a shop and buy shit with it but if you take any of the forked coin to a shop you can't buy shit with it.

and that is the main difference.

the point of most of them is to create something to make money from. BCH was created to be mined at lower difficulty and make money. BTG was created by the dev to premine 200,000 of it and make money from that, and lost of others with similar reasons.
2843  Bitcoin / Bitcoin Discussion / Re: Is It advisable to quit my present job for bitcoin? on: November 23, 2017, 01:50:55 PM
I advise you to do a test run before you actually do it.
if you already have a decent job with financial security it is not a good idea to give it up for something else that you may not have enough experience in and is also pretty volatile on top of everything else which makes it very risky.

if you haven't already, then start trading bitcoin for at least 6 months then by the end of the period sit down and check your performance every day of the past 6 months. see if you have done well in most days or not. if you can give yourself a grade above 80% then go for it full time and make more money.
2844  Economy / Trading Discussion / Re: Who else is fine if Bitcoin would stay at this price for the next six months? on: November 22, 2017, 08:47:22 AM
Let's be honest, the technology behind it hasn't evolved much from a user's standpoint.
technology for 99% of the rest of the things in the world has not evolved much from a user's standpoint. but that doesn't make any of the any less valuable than they are as long as they have their usages. and bitcoin has a lot, and lots more potential to it than you see. and this potential is still raw and as it is reached the price grows.

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I'm more than satisfied with the current price, but I think it has a higher chance of a huge correction than to go up.
there is a bigger chance for a slower rise than a bigger rise.
there is a much smaller chance for a big fall that lasts than anything else.

in my opinion we will continue seeing the same speed rise for the following 6 months at least. and nothing will change with how price rises, we will have the big ups then some FUD and a 30% crash before it jumps back up again. and after 6 months only if we don't get some big news like this year, the price will slow down for a while but it will still rise.

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So I'd be happy if it remains at this level. Anyone else in the same boat?
sorry but bitcoin is not known to be stable for this long. the longest time of stability that I can remember was back in the time when price was at the bottom after MtGox at $230 which lasted about a month and even then with that kind of stability we had 2 big things: 1 drop to $180 and 1 rise to $250
2845  Economy / Trading Discussion / Re: Volatility on: November 22, 2017, 08:38:43 AM
Is volatility over in cryptocurrencies? Nothing is moving.

have you actually checked the market before saying this?
bitcoin has gone up about $300 and then fell $500 and went up $600 in the past 48 hours.
the altcoins for the most part followed the same pattern more or less. at least the top altcoins with high volume and USD market did.
there are currently a couple of other altcoins that are getting pumped as we speak. one of them is ZCoin which has been pumped about 60%. another is NXT which has been getting pumped for the past 2 days. I believe it has gone up nearly 100%. Dash has also been getting pumped although with a slower pace.

there are lots of others that are getting dumped. such as Gas, Ethos, Veritaseum, Ark. and soon all the coins that are being pumped today will be getting dumped like these.

you see, you just have to look around a little to find all the opportunities for profit all around you and then take advantage of them each day to build yourself some constant income.
2846  Bitcoin / Bitcoin Discussion / Re: Everything changed. on: November 22, 2017, 08:30:29 AM
Now a days everyone is speaking of Bitcoin..they say that they will start mining using solar power...some say thats only their aim in life..some tries to buy cloud miners..and I am here...some people get mad about it...

most of those who talk about mining bitcoin are mainly asking if it is possible to do it, specially when it comes to providing the electricity required for mining through solar power. we are not yet at the point where solar batteries and equipment can be easily obtained and be efficient. in most places in the world you don't get the sun that much and when it comes to months of the year that there are clouds in the sky your efficiency drop.

as for cloud mining, you would be a fool to seek them out, they have always been a bad investment and majority of them are very shady ones with no acatual mining power to sell.
2847  Other / Beginners & Help / Re: Should I Be Scared Of Hackers If I Have Lot of BTC. on: November 22, 2017, 07:57:09 AM
I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.
what news is that? and why can't I find anything about it?
there is always someone who is not careful and gets hacked, but there is nothing new about it or anything increased about these kind of hacking.

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What should I do If My wallet or BTC gets hacked?
there is nothing you can do except preventing it from happening. and it is so simple that you are going to be surprised how with some simple steps you can achieve such a high security level.

- for the lazy and non tech savvy: buy a hardware wallet. ... the end
- for the non lazy, look into what cold storage means. it is not hard to make a secure paper wallet, or even more complicated system with an online/offline computer to broadcast/sign transactions. here is a link to get you started https://en.bitcoin.it/wiki/Cold_storage
2848  Economy / Speculation / Re: effect of Tether on bitcoin price on: November 22, 2017, 07:50:06 AM
the tether hack that happened a while ago and the news that you are referring to caused yesterday's drop of $500 back from the ATH and it only lasted about 5-6 hours before price went back up again.

from what I have seen, the thing about tether is that it is not really trusted and mainly it is used for temporary measures like when someone wants to transfer USD-value between exchanges. and most big traders don't trust it at all.

check this topic out too, it has some good arguments: https://bitcointalk.org/index.php?topic=2435905.0
2849  Bitcoin / Bitcoin Discussion / Re: Bitcoin bubble on: November 22, 2017, 07:40:30 AM
I have not yet seen any valid argument apart from this to prove bitcoin is a bubble! and yet they keep repeating it.
There have been an avalanche of arguments.
saying random words and making them long doesn't mean you are using valid arguments. it just means you talk a lot!

But you are apparently in the camp where your ego is so fragile that you cannot get yourself to admit the party is coming to an end, and that your dream of becoming rich without having to work will not come true.
I have never had such dreams of getting rich over night or without work. I have worked hard for every cent that I have ever earned and risked a lot doing so.
and believe it or not, you are not the first "account" on bitcointalk that I have seen saying the same scripted nonsense in the past 3 years. you all disappear and a new account replaces you. and here is your boss: kwukduck, you can't beat his record Wink
2850  Bitcoin / Bitcoin Discussion / Re: Why all the negative talk about bitcoin lately? on: November 22, 2017, 07:32:35 AM
only because bitcoin has grown big and it is attracting a lot of attention. it is making a lot of people uneasy and afraid of their own future, such as banks for example. even services like payment processors such as Paypal would simply die if bitcoin grows real big. it is their death, that is why they have been attacking bitcoin left and right whenever they get the chance.

additionally there are others who are simply traders who want to short bitcoin, and buy in the dips and make more profit in short term, that is why they spread all these negativity about bitcoin specifically whenever there is a drop going on.
not so long ago it was a common thing to see random brand new accounts be created an spam non stop in speculation board, copy pasting the same script using keywords such as "bitcoin is Ponzi", "China banned bitcoin", "bitcoin is going to split",... and surely enough they all disappear when the dip was ended and rise began.
2851  Bitcoin / Bitcoin Discussion / Re: Bitcoin bubble on: November 22, 2017, 07:24:20 AM
Bitcoin now is too big for a bubble or the risk is ever the same?

"too big for a bubble"? No, it is different - as it grows bigger faster, the bubble is expanding further which means that the crash will also be bigger

If you think it is a bubble, that is. The price is rising, yes, but what exactly makes yoı think it's a bubble?

https://en.wikipedia.org/wiki/Great_Recession
https://en.wikipedia.org/wiki/United_States_housing_bubble
https://en.wikipedia.org/wiki/2010_United_States_foreclosure_crisis
https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308

Crypto coins are identical to worthless mortage derivative bundles.

crypto coins (altcoins) =/= bitcoin

these days the only reason why people say bitcoin is a bubble is because they look at the price and see it is a big number, they have no understanding of what that number is, why it is there and why it keeps on rising and where all the money is coming from.
I have not yet seen any valid argument apart from this to prove bitcoin is a bubble! and yet they keep repeating it.
2852  Economy / Trading Discussion / Re: what is the min rate on: November 21, 2017, 09:45:29 AM
something that first covers the minimum trading volume for each trade. for example if I am not mistaken this minimum is 0.01BTC in CEX.io and it is usually 0.0001BTC in most other exchanges.

then it should cover your transaction fees to get the money in and out of the exchanges. but since that is usually small, there is not much to worry about. you can see how much it is in different exchanges for bitcoin here: https://bitcointalk.org/index.php?topic=1975324.0

and finally it should be something that when you trade and make a profit, it would be worth it to call it a profit. for example if you invest $1 and make 10% profit that is $0.1 which is not really that much considering the fees.
but if you do it with $1000 and make 10% that is $100 which is a considerable amount that you can call "profit"!
2853  Economy / Trading Discussion / Re: My Daytrading Diary (from 0.0354 to the moon!) on: November 21, 2017, 09:17:12 AM
This was going good, until someone put a massive pile of ripple for sale just after I bought it. This is going to take a year before I can get rid of those.

it is a big mistake to do this though.
keeping the investment funds idle for a long time (a year as you said or even 1 month) is nearly just as bad as losing money in a bad investment. you are imprisoning your funds which you could have used to make profit elsewhere.
sometimes you need to take a small loss and accept it in order to be able to make bigger profit.

and I am saying this generally, as an advice. not just about Ripple, it may get pumped tomorrow for all I know. but this general advice is something that will help you maximize your profit most of the times when you are trading altcoins.
2854  Economy / Speculation / Re: why bitcoin price change from site to site on: November 21, 2017, 08:53:15 AM
if you are checking the price on sites that are just reporting it (in other words they are not exchanges) then they are reporting an average price. for example bitcoinwisdom.com first page, bitcoinaverage, coinmarketcap. even preev.com unless you specifically change the view to specific exchange price. and average can be different from the real price specially since some of these places like coinmarketcap update the prices with delay (5 min in this case).

but if you check the exchanges themselves, or the live price so to speak, it should be the same everywhere with a very small difference (less than 1% most of the times). and if it were bigger like a 10% difference between price in two difference exchanges and if it stayed that way, that means that exchange has some issue that is causing the difference because if it was a normal exchange with no problem the price would have changed to be at equilibrium with the rest of the market.
2855  Bitcoin / Bitcoin Discussion / Re: Finance chiefs say bitcoin is 'real' but many think it's in a bubble right now on: November 21, 2017, 08:30:30 AM
I don't know what idiot would think bitcoin is "not" real! bitcoin is a real currency or you can call it a payment system if you want but it is all real, and it has been real for nearly 9 years and it has been processing about 1-2 billion dollar worth of transactions every single day for the past year and half that last year.
it doesn't get any more real than that!

as for bubble, I admit I also have the fear that bitcoin may be in a bubble but then I look at the charts and see all the corrections, the drops, and the 30% dumps that happen and then look at all the money that is pouring in bitcoin from all around the world, from different countries (https://coin.dance/volume/localbitcoins) and also when I compare the patterns with the known bubbles I see that bitcoin is nothing like any of them. that is why my conclusion is that there is no bubble.
2856  Bitcoin / Bitcoin Discussion / Re: Bitcoin Spotlight on: November 21, 2017, 08:22:14 AM
I read a report that said only 1% of Humans know about crypto currencies. To be honest, I doubt this is true. I think a lot of people are becoming aware, and another report said 80% of Japan already know's about it's existence.
world's population is 7.6 billion, 1% of that is 76 million, that sounds about right to me. although saying "know about" is kind of a general thing. maybe a whole lot of them have just heard the name bitcoin in passing or on TV but to know what bitcoin is, how much it is worth, how to buy, use,... is a different thing. and to invest in it is also another thing.

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A question which often ticks around in my brain is "WHY have the world leaders not spoken of crypto's yet?"
they have!
recently I believe it was Putin that said something about bitcoin which I forgot, last year it was Obama that called bitcoin "a Swiss bank in your pocket". and there are probably a lot more but I just don't really follow these things to remember all of them Tongue

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I would assume that if they saw it as a problem, they would say so, and if they saw it as the future of currencies, they would say so too - just like the multi-million/billionaires.

It could be planned to not give attention to crypto's too, which seems likely since these people basically work for the federal reserve.

I think once presidents/rulers with modern age thinking come to power, there will be a great awareness for btc and other crypto's!

What about you guys? Have you been hearing people speak of crypto's in your daily lives?
there are two things here in my opinion:
1. the fear. which may be fear of illegal activities using bitcoin and other cryptocurrencies specially the anonymous ones. for example fear of money laundering. and also it can be fear for banks and fear of local currency losing its place.

2. the opportunity. if a country or some jurisdiction wastes time in adopting bitcoin and regulating it, they will fall behind from the rest of the world and also it can lead to businesses leaving that place to other bitcoin-friendly zones and that is losing a large market.
2857  Bitcoin / Bitcoin Discussion / Re: You Think an $8000 Bitcoin Price Is Cool? Wait Until We Hit $12000 in January on: November 21, 2017, 08:12:17 AM
It is a bit optimistic but if the price movement continues in the current manner, sure, why not? This is 4k$ rise which has been seen in the past 6 months already.

well that 4k$ rise is about 50% rise, normally I would say that is not going to happen in only 2 months (until January) but I have a feeling that this CME new market news is going to be a big one in short term and can lead to that kind of big rise.

Please no, let altcoins breathe

LOL, if an altcoin is getting dumped just because bitcoin is rising maybe it is time to think about another proper investment that is not just an speculative asset that is greatly affected by bitcoin price and how that moves!
2858  Bitcoin / Bitcoin Discussion / Re: Bitcoin Surpassed Mcdonald's Cap on: November 21, 2017, 08:08:47 AM
although I don't like using market cap to compare bitcoin with other things but it is always interesting to see these records be reached. although these days it seems like less people are interested in them compared to start of this year when everyone was counting days and $1 steps until the gold parity was reached. now it seems like everyone has forgotten about it (it was around $1200 by the way).
2859  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin cash 2000$ after new year or before? on: November 20, 2017, 09:23:02 AM
well the thing about bitcoin cash is that as you can see from the order book screenshot that was posted above, this coin is heavily manipulated. they are keeping the price up artificially. and when they do that, it becomes impossible to speculate about it.
they may remove the fake buy wall and price can crash or they can keep it up and push the price higher and it can slowly rise.

if you ask me, when a coin's price is solely dependent on one wall (probably placed by one person alone) then it is not a good idea to invest in it. you will be putting all your future in his hands. although I don't think they are going to let BCH crash but at the same time the possibility will always be there.
2860  Economy / Speculation / Re: Price Manipulation or Attack on Bitcoin?? on: November 20, 2017, 09:01:20 AM
what is with you people and sharing this pastebin crap today? I saw someone else posting the same thing too. it is not even written well enough. the person who wrote it has little to understanding of how bitcoin market works, he is using some popular sayings around the internet like "big blockers" attack and the general ballpark and writing his own crap around it.

how did you even pick that shit up? it is not like it is showing up on search engines when you search for bitcoin! and as I said it is not a properly written thing to be popular enough to be shared around.

my though? it is already too late to even be talking about this. why are you sharing it here now anyways? the drop is over and done with and price has recovered from it. days has passed from all that drama, and now you are bringing the thing up again.
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