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301  Bitcoin / Bitcoin Discussion / Re: Is ripple going to overtake bitcoin ? on: January 04, 2018, 06:56:42 PM
Those days ripple is doing really well, it has more than half of bitcoin market cap and has 19% market dominance.
I hate ripple as a cryptocurrency as it's centralized, now seems that ripple is the queen, not ethereum.

That really is making me upset but I want to hear your thoughts.

For me this is just a new type of FOMO. If you look at coinmarketcap you will see a lot of coins that are under $1 to get massive gains. It's like people were randomly picking them and pumping them. It's the new trend in crypto, but it wont last long, because most of those coins don't offer anything special. People just think that those coins are cheap and will get to big prices, so they buy them to try to get rich, since they didn't buy bitcoin when it was worth cents as well. Of course those coins have a huge coin supply, and will never get to those prices, but some people don't even know that, because they just buy anything with hopes of getting big profit.

Let's not forget that there are many updates coming to ethereum, and that lightning network transactions were already made on the main net (instant with no fees), so the future is still good for BTC ETH, and other good decentralized coins, and this new mania wont last.
302  Economy / Speculation / Re: Below 10K before xmas? on: December 21, 2017, 08:21:26 PM
I don't think we will go bellow $10k, at least not directly and without any resistance. I think we will continue around $15k for a while, and if we don't recover or keep consolidating at that level, we will probably have another stop at $13k. If we do pass that level, and we will probably go all the way down to $10k. If we do get there, we wont' probably stay there for long, since there are many investors out there waiting to buy at these dips.
303  Economy / Speculation / Re: BTC Strong Sell Signal at breaking $16,000 on: December 21, 2017, 08:06:36 PM
I think we still have good resistance at the $15k levels and even if we get down to the $13k, that's when the recovery happened on the last dip, so as long as we don't break that one, things are fine, and we are not still on a bear market. Not saying it wont happen, but I'm still confidant on bitcoin.
I'm not doing anything right now, and I will wait for good signs of recovery. If we go to the $13k level, I will buy right away, and keep an eye on the price and wait for a recovery. If we keep going down, then I will have to sell, and wait for the bears to stop. I think if that happens, only good news like ETFs or the lighting network, could bring the price back up again, but as long as we have those positive signs in development, recovery and new all time highs are possible.
304  Alternate cryptocurrencies / Altcoin Discussion / Re: Segwit2x back? on: December 19, 2017, 10:37:46 PM
So now they are going to increase block to 4 mb. If the transaction fee will grow with the same speed as it did this year then even if originel BTC will increase the block size to 8 mb (like BCH) then we won't  get a long term benefit. In a year the transactions will be expensive again. But anyway Segwit2x is better than nothing.

I don't think those kind of short term measures should not be implemented because we have no need for them. Yes the fees are quite high, and the transactions are quite slow, but the main focus should still be the lightning network, as it will fix things long term. Bitcoin should not be developed like bcash. The team behind bcash doesn't really have any concern about their project, and just want o show immediate results and claim they are the true bitcoin. The network needs work, and is not mature enough. Good development takes time, and users must understand that and be patient. Bitcoin right now is good to buy and hold, and there is no problem with that. In the long term, as it evolves, all the patience will pay of.
305  Economy / Economics / Re: EU Crackdown On Bitcoin on: December 19, 2017, 10:29:41 PM
That argument has been used over and over again, but it's going no where. We already had reports from FBI saying that the concern of the possibility of money laundry with bitcoin is minimal. They are the ones that are in a good position to make these statements, so I don't think people will take those accusations from banks seriously.
306  Economy / Exchanges / Re: Is Coinbase locked up user's funds so they can manipulate price of Bitcoin? on: December 19, 2017, 10:24:36 PM
Never heard of that before, and I never had any problems using their services. I normally use Gdax to trade, but it belongs to them, so I guess it's the same. I traded on all markets that are available to me and I never had any problems beside the typical lag from time to time, but that happens on all big exchanges, since they are not dealing well with the amount of users they have (bitfinex is only accepting new users by invitations because of this problem apparently). Right now I have no reason not to trust them, but I will keep an eye on these things.
307  Economy / Trading Discussion / Re: Withdrawl Into Wrong Address - Recovery Options? on: December 18, 2017, 09:29:05 PM
I don't think there is nothing you can do, so you only shot at this, is to keep talking to Poloniex and hopefully that address is controlled only by them, and maybe they can sent you back the money. If that address is the deposit address of a Poloniex user, then I think your funds are lost forever, as the user has probably already withdrew the free coins by now, since that address is now empty.
308  Economy / Economics / Re: Money printing exploded when BTC was released on: December 18, 2017, 09:23:12 PM
I think that money printing and bitcoin release are not directly related, but instead, they share the same origin. The 2008 crisis originated both things in my opinion, so they do share the same cause and that's why they happened at the same time. Money printing was needed to boost the economy again, and bitcoin was born because people were tired of being caught in economic crisis that they didn't cause. The system was broken, and it was time to try to do something about it.
I hope bitcoin gets mass adoption without the need of another crisis, but if that doesn't happen, I think that as soon as another crisis takes place bitcoin will have a massive boom.
309  Bitcoin / Bitcoin Discussion / Re: Bitcoin's refusal in some countries, due to high levels of corruption on: December 14, 2017, 11:34:49 PM
Is it true, some countries that reject the bitcoin are countries with high levels of corruption? So they consider bitcoin to be a potential money laundering crime, potential illegal transactions, Violate payment system authority and undermine the system of investment activity. While countries that provide support for bitcoin is already included developed countries and has minimal acts of corruption therein. What do you think?

It could be true, but I don't think the countries that are banning bitcoin are concerned about it's citizens welfare. Most of those countries actually live in a dictatorial regime, and are probably afraid of losing the control of their money. Also, countries with dictatorial regimes, normally have corruption in their govern, so they just want to keep the power to themselves.
310  Economy / Economics / Re: Which Market Cycle Stage Are we ? on: December 14, 2017, 11:30:49 PM
I think that image oversimplifies a very complex thing. Not saying those phases are not correct because they are, but I think it's missing the consolidation phase after the euphoria. That graphic is probably perfect for bubble behavior but if you really have something quite revolutionary in hands, and with a real use case, then I think you will get a cool down and consolidation phase. There is no reason to go to denial, panic, etc, until depression, because it's time to just use what you have.
311  Economy / Trading Discussion / Re: What do you do when reaches to STOP in trading? on: December 08, 2017, 07:29:39 PM
I have a question:

What is the best strategy when you reach to STOP level in trading?
1) Stop buying?
2) Selling?

With such a volatile market like cryptocurrencies I don't really recommend you to have stop limits on your trades. I think you must have an exit strategy, both for taking profits and taking losses, but to have automatic exit points could be dangerous. Sometimes the spikes ate so big, that will trigger your stoploss and you wouldn't even be in any danger if you kept your trade open. I heard that sometimes, the variation is so big, that your stop loss doesn't even get triggered. So on both situation you might be guaranteed a loss, so I think it's better to not use a stop limit at all, and you should just do everything manually.
312  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is ethereum so slow? on: December 08, 2017, 07:23:30 PM
I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?

Ethereum really needs to solve it's scalability issues. It has major spikes in transactions because of ICOs, and it's blockchain, with just 14 transactions per second, can't handle the high demand of ICO selling, or ehterdelta trades. The network could not hand Cryptokities, how will it handle the rest of it's apps. I like ethereum, it has a lot of potencial with both ICOs and dapps, but if it doesn't solve these problems it wont be able to fulfill it's purpose.
There are many updates on their roadmap, that should solve these problems, and some of them should be deployed soon, so I guess things will get a little better soon.
313  Alternate cryptocurrencies / Altcoin Discussion / Re: Attention all Bitcoin owners! You are entitled to free Bitcore (BTX)! on: December 08, 2017, 07:11:16 PM
These are excellent news! I've been paying attention to bitcore for a long time now, because it actually looks like a very nice coin, and quite under valued in my opinion, specially if we compare it to bitcoin gold, that is also GPU mined. I think the only reason for this coin to not have a larger user base,  is because of it's much smaller circulating supply, since it has a completely different distribution method.
Anyway, this is a great way to finally test the coin, so thanks for the airdrop.
314  Economy / Economics / Re: Why the market looking all red today? is correction near or what? on: December 04, 2017, 03:42:03 PM
I don't know why you are saying that. Everything looks normal to me, and is not even that red, both in number of coins in red, and on the amount of loss they show (if you take the top100 coins into consideration, and not just top10). There are a lot of coins with 2 digit profits, and the overall marketcap of crypto is still above 300bln. This looks like a normal day in crypto for me, and I would say that we are seeing consolidation and not a correction. This can change of course, and it's hard to make those predictions, but right now I think things will continue like this until the bitcoins futures are launched in the next weeks.
315  Alternate cryptocurrencies / Altcoin Discussion / Re: how are these alt whales cashing out? on: December 04, 2017, 03:35:10 PM
most of the action happens on poloniex yet I've been waiting months to get my withdrawals above 2000 per day.

there must be people on there with thousands of btc.

how are they getting it off? special deals? they don't plan to leave?

unless they do something then it'll take a couple of years to get their profits out.

same goes for many other alt exchanges now. that would annoy me.

An withdrawal of $2000 per day is a very small amount. Do you have your account verified? I believe that those limits are for legacy accounts, so I'm assuming that if you verify your identity you will be able to increase those limits. If I'm not mistaken, on coinbase and gdax for example, you can withdraw up to $15000 a day if you verify your account. Maybe this is still not much for big whales, but it probably helps a lot. Also I think you can discuss the withdrawal limits with them, so maybe those "special" users have bigger limits.
316  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be hacked? on: December 04, 2017, 03:24:28 PM
actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad Sad Sad Sad Sad Sad

As far as my knowledge goes, the network itself can't really be hacked but wallets, exchanges and your computer can. Meaning that you, and all the intermediaries used, to allow you to have access to the blockchain network and bitcoin, can be hacked. A big rule when it comes to bitcoin security, is to hold your private keys.
Another very important thing you should do, is to carefully choose the wallet you use to store your bitcoins. Using only well known wallets is very important and should minimize the risk of a hack, but there is still the problem of your computer.
This means that the type of wallet you use, also plays an important role in security as well. Using a hardware wallet is way more secure than having a desktop wallet, simply because your private key never "leaves" the hardware wallet. On your computer, it has to be displayed to you, so if your computer is already at risk, so is you private key.

I think that a good option could also be buying a "cheap" computer and use it just for very limited tasks. Like accessing your bank account, you wallet and email. An when it comes to email, you could even choose to not open attachments on that computer. Only use a secure browser, with well known security extensions there, and good internet security software (including of course malware scan, antivirus and firewall).

Probably a hardware wallet is still better than this, and the only reason I'm considering this, is because this could probably be more cost effective, because you would be improving the security for your email, and home banking as well.
317  Bitcoin / Press / Re: [2017-12-01] Bitcoin. Futures. When? on: December 04, 2017, 02:16:15 PM
But at the time this article was posted, there was no official statement from the US authorities.
Articles are quite vague regarding CME, where some articles were saying that CME didn't even filled anything, and a while later they were waiting for authorative approval, so it's a mixture of faulty information.

Important is that now they officially have set a date for a launch of their futures market, it with a high probability means that they have been approved. If not, then why bother putting up a launch date?

It's a massive player in the financial world that isn't here to fool around with people. Let's be happy with how we have seen this industry move forwards in such a short period of time. It's not likely that we get to experience a similar year again.

I agree with you, and I expect bitcoin futures to be launched by CME in mid December (supposedly 18th December), but I recent read an article on cointelegraph, that claims that the US government could still pass a law that would void the authorization issued by the CFTC. Let's not forget that CFTC is an independent agency, so although they have the authority to regulate and control a specific area or industry, that is too complex to be regulated by executive agencies (in this case CFTC regulates commodity futures and option markets in the United States), they are independent and may not share the view of the President and the Congress.

Not saying this will happen, because they would need a very good reason to interfere with the decision of a independent agency, that is of course specialized in this area. So we will probably see bitcoin futures in the 18th December, and then NASDAQ will probably follow in 2018 as they have already announced.

Link to the article I've mentioned in this post:
https://cointelegraph.com/news/us-politicians-face-dilemma-on-how-to-handle-bitcoin-futures-trading
318  Economy / Economics / Re: Will America tax reform bill affect on bitcoin price? on: December 02, 2017, 07:43:26 PM
If the America tax reform bill pass, then the price of USD will rise, could it affect the price of bitcoin?

I don't think so. One of the great things about bitcoin is that it is decentralized so it's not really tied to political decisions that don't affect it directly. If we talk about bitcoin regulation, then of course it affect bitcoin price, but if it's just internal politics, then I doubt it will have any effect at all. If the dollar rises, there could be a slight adjustment in the exchange rate of the pair Dollar/BTC, but since they will probably just buy more, I think these effects will disappear without we even noticing them.
319  Bitcoin / Bitcoin Discussion / Re: Is this Bitcoin run sustainable? on: December 02, 2017, 07:36:28 PM
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....

Why are you saying that? Bitcoin is becoming mainstream, and institutional investors are about to come in with all their money, so what we are seeing is perfectly normal in my opinion. Even JPMorgan that is now considering launching bitcoin futures on the CME, and we all know what Dimon thinks about bitcoin. Not saying he changed his mind about BTC, but if even his bank is probably entering the market, why wouldn't others do the same. I'm very confidant we will close the year above $10k, and it doesn't look like a bubble to me, if you compare the BTC market cap, to gold market cap.
320  Bitcoin / Bitcoin Discussion / Re: New to cryptocurrency need some advice! on: December 02, 2017, 07:31:49 PM
Hello,

I am decently new to cryptocurrency. Therefore I don't know all the terms or everything about it. Are there any tips for me? I want to start investing in this and making some pocket money to spend on clothes and etc. Things such as how to find good cryptocurrencies to invest in or the decision process of investing in a cryptocurrency. Basically anything that you guys found was hard when you started out as beginners and wished you knew at the start.

Thank you very much,
Rypno

There are two very important things regarding crypto, specially bitcoin. One, is that you should really hold your coins after you invest in it. If you need to spend some for any reason, then replace them as soon as possible with a new investment. Bitcoin is still very recent, and there will be a halve in 2020, so the price will rise because of that. So if you invest now, at least hold them until 2020.
Second, the market is very volatile, so don't panic sell. It's perfectly normal to see dips of 40% to 50%. If you are an experienced trader, you can try to sell close to the top, or somewhere in the middle, but don't sell in the dip. If you can, invest on the dip, because bitcoin normally comes stronger after those price movements.
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