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3101  Economy / Trading Discussion / Re: Should I be liquidating alts before the BTC gold fork? on: September 22, 2017, 07:53:23 AM
Im just wondering if its a smart thing to do to sell my alts before the fork to get more free BTC gold?
what is "BTC gold"? is it some sort of altcoin?
if it is then you need to give a link to where it is traded so we can analyze it and tell you what to do.

if you mean the possible SegWit2x hard fork in near future then that is not what it is called! and in any case you can do that, but you need to know the possibilities:
- S2X may not even happen.
- bitcoin price may go down
- or price may go higher even.
- there may be 2 chains after the fork and you get both coins if you hold bitcoin before it
- there may not be 2 chains after the fork and only 1 chain and you gain nothing in addition.
- in case there were 2 you may sell one and hold the other while what you sold goes to the moon.

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I have more holdings in NEO than BTC at the moment and I think the price wont change that much so if I was to sell before the fork, get free coins, then buy the NEO back.

Its kinda risky I guess but is this other peoples plan too?
I have some bitcoin in cold storage that I will never touch, no matter what.
I have some funds for trading that I also will never touch, which means they will remain in circulation and in either my exchange in orders or in my hot wallet. I never change this strategy and never move that fund around. I am making some small profit with it and I plan on continuing to do so.
3102  Economy / Service Discussion / Re: freebitco.in "Browser Mining" - is it worth it? on: September 22, 2017, 07:46:54 AM
I checked it out and I have to say things like this are never worth the effort and the risk. you are risking over heating and killing your hardware after all. and at the very least you will shorten the life of your hardware while getting paid a very small amount which is negligible.

if you want to mine you have to do it more seriously, with real equipment (an ASIC miner or some GPU rigs) and with cheap electricity. all the rest of the methods will never be worth the damage.
3103  Economy / Speculation / Re: Bitcoin without China on: September 22, 2017, 07:35:11 AM
I don't think bitcoin needs china to achieve its new heights. China is big country, it can be much beneficial for bitcoin but Many famous company like Google  Amazon achieve their new heights without invest in China. So bitcoin can also achieve its new heights without support of china.

In the long run, yes. But now Bitcoin needs China.

if by "now" you mean in 1 week then yeah you are right. if China comes back today and all the FUD be forgotten then we will see a new high in about a week or so.
but if they don't and continue staying out and going more out! then things will be more than ok for bitcoin because a very strong source of FUD will be eliminated from the market and there will no longer be anything as powerful as these FUDs ever again. and you can no longer expect any good dip that you can make proper profit like before when the weak hands gets flushed.
3104  Economy / Exchanges / Re: C-CEX.com Trusted, Secure & Friendly Exchange Since 2013. 200+ Alts,USD,Low Fees on: September 22, 2017, 07:28:51 AM
Low Fees

this is not true anymore!

one of the reasons why I was using C-Cex was the fact that the bitcoin withdrawal fees were quite low. they used to be 20,000 satoshi and made trading and withdrawing easy and profitable but now (despite bitcoin fees be very low) C-Cex has increased it 10 times what it used to be up to 200,000 satoshi!

even with the biggest fee of 400 satoshi/byte the total fee of regular transactions are not bigger than 100,000 satoshi and this is while mempool is empty and fees are pretty low again. even as low as 10 s/B go through fast.
3105  Bitcoin / Bitcoin Discussion / Re: Are We Dead Without China? on: September 22, 2017, 07:22:18 AM
Good thing is china now has no more manipulations. Unless they make it ilegal to own bitcoin in china.

this is probably the only good thing coming out of all this and it is not a small reward either.

IF Chinese really ban bitcoin as the FUD suggests and they exit bitcoin for good (trading, mining, ....) there will be some temporary disturbance in the market and probably last less than a month but after that we will never have any issues like what we have experienced with Chinese FUD for years and years!
and with them gone we will have smoother rallies and more logical rise and falls instead. like what we had earlier this year when China was 100% out of the market with their exchanges closed for the first time.
3106  Bitcoin / Bitcoin Discussion / Re: Real Bitcoin Value on: September 22, 2017, 07:15:12 AM
there are a lot of weird articles about bitcoin these days and majority of them (surprisingly coming from same sources as before) are attacking bitcoin one way or another and the same sources were praising it not long ago. and they always go at it with finesse! they quote someone for example.

the articles says someone said "bitcoin will be 100,000 dollar in 2 years"
or they say "probably bitcoin is worth $0".

that way no can never accuse them despite them spreading FUD clear as day.
3107  Bitcoin / Bitcoin Discussion / Re: TRANSACTIONS REJECTED! on: September 21, 2017, 08:01:13 AM
if I understood your problem correctly your fiat transactions are being rejected! that is a problem that you should take up with your bank and the service you are trying to use and buy bitcoin from. the problems comes from one of them who is not sending or receiving the money.
there is nothing we can do for you.
3108  Economy / Economics / Re: China's influence on bitcoin is becoming insignificant. on: September 21, 2017, 07:56:16 AM
nobody can control what is decentralized.
and we as bitcoin users will keep it decentralized as long as we can or give up using it if someday it was no longer decentralized.

but to that day, no matter what the FUD says or what the governments actually do, it won't matter. they can not affect bitcoin in the long run. there will always be hard fluctuations in the short term with big swings from time to time because people panic easily but they always fade away and become a fun part of history.

right now I am laughing my ass off about lots of these FUDs throughout the years. like back when price was $400 and Mike Hearn called bitcoin a failed and soon to be dead thing and people panicked to $300 drop. I enjoyed their panic as much as today I am enjoying the new panic on 10x the same numbers.
3109  Economy / Speculation / Re: What price you expect bitcoin by 30 September? on: September 21, 2017, 07:46:47 AM
What price you expect bitcoin by 30 September?
According China Exchanges Shut down and China miners Ban

do you have any actual facts about China banning "miners" or are you just desperately spreading FUD with the hopes of a price drop?
so far what China planned to do and did was to close exchanges that failed to acquire proper licenses for operating in this world with fiat involved in their business and lots of volume.
they may or may not do something about miners too but so far in the past many years there have been no indication of it.
3110  Bitcoin / Bitcoin Discussion / Re: JP Morgan purchased XBT shares on: September 21, 2017, 07:39:16 AM
the day their CEO called bitcoin fraud and when it followed by a dip, I said that this is just perfect timing on their part and there is no coincidences when calling bitcoin "fraud" publicly and like that. and now we know for a fact that they have been actually doing this on purpose and that proves my theory of "no coincidences".
it was the perfect plan and perfect opportunity and they took a very good advantage from it. and more than $1000 profit on each coin is not something to pass by that easily no matter who you are!
3111  Bitcoin / Bitcoin Discussion / Re: Brace yourself winter is coming. on: September 21, 2017, 07:33:16 AM
you are being too melodramatic here Cheesy

we all know there will always be some kind of issue with bitcoin that worries people. and it has never mattered what that issue is, they build it up in their little heads and the FUD helps it too. and here nothing has changed, there will be the same FUD as always, there may even be the same drop too but at the end of the day the panic sellers lose and the whales become richer when bitcoin recovers.

as for RV. don't bother yourself much with what characters say about bitcoin, they always have some benefit in what they say no matter who they are.
3112  Bitcoin / Bitcoin Discussion / Re: where does BTC stand in terms of features in comparison to other altcoins on: September 21, 2017, 07:23:41 AM
bitcoin is a currency, a currency does not need "features" like what you are suggesting. what bitcoin has are good and enough.
things such as smart contracts and decentralized exchanges and side-chains are additional or bonus things that can be added to bitcoin anytime there is a demand for it. and so far there really has not been any demand for smart contracts expect for ICO scamming, no demand for decentralized exchanges because people prefer the options centralized ones offer and side-chains are not favorable over on-chain transactions.

but each of these have a project already like rootstock for smart contracts on bitcoin or Lightning Network for side-chains.
3113  Bitcoin / Bitcoin Discussion / Re: Eliminating China on: September 21, 2017, 07:18:58 AM
If you're serious that's an easy one man.  PoW algo change, make all their gear obsolete.  Give power back to the people, back to GPU mining.  There are enough out there to secure the chain. 

But it may not be necessary - their own govt may shut them down.

then what is stopping them from building GPU farms and we end up the same place we are now?
and what is stopping them from changing the ASIC machines to match the new PoW algorithm to create new efficient ASICs to mine the new thing?

nothing, that's what.
the result will be a useless hard fork to disrupt things temporarily before we end up where we started after some time.
3114  Bitcoin / Bitcoin Discussion / Re: Bitcoin out of circulation on: September 20, 2017, 08:35:13 AM
If some people has lots of bitcoin in their offline wallets and they die or lose memory.

Then those coins will be out of circulation right? Or is there any way to recover them?
Its like you're in real life and you die with your wallet. And no one touched your pockets or anything. You'll have your money out of circulation and that there woould nobody be able to get them for you. If there is a way the user might hve to expressly detail it somewhere so that another can have access on it.

actually it is nothing like in real life at all!
in real life if you die and have money in your pocket anybody can take it and use it, that money won't go out of circulation. it just goes into another pocket very simple.
and besides, in real life when you are talking about money (or cash) it means the centralize thing without any cap. the government can and will print more of it anytime they want. but with bitcoin you won't get anything more than the same 21 million that was planned on day 1.
3115  Bitcoin / Bitcoin Discussion / Re: So when do you "actually" plan to cash in your bitcoin? > or <$1,000,000 on: September 20, 2017, 08:15:52 AM
it is the risk management plan. you invest something and then speculate the price will go to 1 million dollar and then you wait until then. but nothing is stopping you from selling when price is lower. it may actually be a good idea to sell something when price reaches new ATH.

of course a better course of action is to buy in the dips and sell on tops and then buy back in the next dip. for example when price reached the ATH of $4900 you could have sold some small portion of your stash and wait a while till price bottoms out then buy back the same portion you sold and keep the profit in fiat for yourself. although some people keep their profit in bitcoin meaning they buy even more bitcoin after the dip. you sell 10BTC and buy back 14BTC

Thank you, this is a strategy experienced traders use that pay attention to news and the cryptospace environment.
it is just a simplified explanation to give the outline of what to do, there are a lot of things to consider before pulling this off successfully.

Quote
e.g the second wave of news claiming china would target bitcoin transactions by blocking ip addresses etc people would have thought that would have dropped the price further but it seems the price is stagnant meaning either the news hasn't propagated as much as it could have as people didn't differentiate btw the headlines and the previous exchanges banning headlines or some counter balancing measure like the effect of news from japan or who knows.
all true, but the effects of any news (positive or negative) can not be endless. there will be a point where no matter how much more of the same news category comes out, it won't be effective. China can say they will hang anybody who uses the word "bitcoin" and it won't matter anymore at some point.

Quote
Its still speculation however I guess its better to sell with catastrophic news, wait to see if it drops, then you can make a profit by buying back in at a lower price or if it gains at least you can sleep easy and you didn't loose nothing but the slight gains you would have achieved if you didnt sell as you will still have the amount its worth in fiat than doing nothing an it drops and you can only watch your value evaporate. Unfortunately those catastrophic guaranteed nosedive pieces of news are few and far between and does not provide a sustainable method to earn frequently. Any thoughts? so do you agree that; buy, wait for really bad news, sell and wait, while prices drop and then buy back in low, is a good strategy or has anyone got any others.
news is a secondary thing that affects the market. for example when price was shooting up and there were no resistance on the way up even if China did what they did for real back then, it wouldn't have mattered.

but if you look at the timing, when China FUD started it was after the rally had ended and the correction was also near the end and price was lower than the ATH and coming down slowly to stabilize on the bottom ($4400ish)
3116  Bitcoin / Bitcoin Discussion / Re: How long does a low-fee transaction usually take? on: September 20, 2017, 07:31:14 AM
Checked this morning and my transaction finally went through.  Grin After almost 48 hours. So everything is fine but I will definitely pay a little bit more next time, even if I have the time. Maybe 4 or 5 Sat per Byte, not only 1 Sat per Byte. Thanks for all your help. Much appreciated.

just remember that whenever you chose to experiment (risk waiting a long time) with low fees, make sure to mark your transaction as RBF so that you have less headache in the future in case you wanted to "bump the fee".
and since you are using Electrum, it is very easy and user friendly thing to do. you just enable "Replace by fee" from the preference and then simply select a checkbox to make the transaction RBF. and later on if you wanted to increase the fee you just right click on the transaction and select the respective option.
3117  Bitcoin / Bitcoin Discussion / Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary on: September 20, 2017, 07:24:09 AM
to be honest it is all of them. maybe some reasons are more bold for me but they all exist.
I obviously enjoy the profit that I am getting from bitcoin with its ever rising price. specially since I have been around for a couple of years and I have old coins from the old days. like this bad boy:

https://bitcointalk.org/index.php?topic=1906873.0


but I have come to like all the rest of bitcoin too. the ideology and the technology behind it. I find bitcoin a big revolution in economics and financial system both as bitcoin being a decentralized currency and also as a technology that changed a lot in the past few years.
3118  Economy / Speculation / Re: Welcome back $4xxx bitcoin! on: September 20, 2017, 07:18:46 AM
after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.

i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.

There still seems to be a resistance at the $4000 level(on coinmarketcap which includes chinese exchanges, if we are talking about bitfinex/bitstamp/coinbase then we are comfortably over $4k), we are currently very very close to breaking it again.

People still seem to be quite uncertain about how China is actually going to proceed with the rumours.

I think that by the end of the month when everything is settled, either way there is going t obe a pretty big pump in price.

I believe most of it is already settled no matter what!
and it usually is like this, every time there is some news (no matter good or bad) the effects come a long time before the actual deadline happens. the best example I can give you is the block halving where price went up a lot (reached about $750) nearly a month before the actual halving and then slowed down and back to normal again.
same thing is with negative news. the China FUD has had its effect and took its course. there can not really be any more effect that this unless something very new that has not been heard before comes out. we have all heard China bans: exchanges, bitcoin, altcoin, ICO and mining. they have to come up with something new now.
3119  Bitcoin / Bitcoin Discussion / Re: How to Stop New Trader from Panic Selling? on: September 20, 2017, 07:11:33 AM
we could not

this is about the mentality and purpose of invest in Bitcoin

IF the new trader comes in the market as a short term opportunist, no matter how the mechanism be set up or the news spread out, it could not change anything

Buy and Sell is the nature of Trader

Therefore the key is attract new believer instead of trader

I agree with you, new traders are usually looking at short term wins. Seeing a drop will make them scatter.
A small FUD created by anybody makes them feared of loosing money because there is nobody to tell them the big profit ahead so they act what they listen.

they are not strong believer
leave them alone

I don't like the notion of being a "believer" because it makes bitcoin sound like a cult Cheesy
in any case I actually find panic selling a good thing. because of two things, one is that when they panic sell and price comes down, it creates a good opportunity for the rest of us to pick up some cheaper coins and make a good profit and also I like it because it cleans the market from weak hands which is usually called "shaking them out". it makes them go away or learn from their mistakes. in both cases it will be good for the market.
3120  Bitcoin / Bitcoin Discussion / Re: So when do you "actually" plan to cash in your bitcoin? > or <$1,000,000 on: September 20, 2017, 07:03:39 AM
it is the risk management plan. you invest something and then speculate the price will go to 1 million dollar and then you wait until then. but nothing is stopping you from selling when price is lower. it may actually be a good idea to sell something when price reaches new ATH.

of course a better course of action is to buy in the dips and sell on tops and then buy back in the next dip. for example when price reached the ATH of $4900 you could have sold some small portion of your stash and wait a while till price bottoms out then buy back the same portion you sold and keep the profit in fiat for yourself. although some people keep their profit in bitcoin meaning they buy even more bitcoin after the dip. you sell 10BTC and buy back 14BTC
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