I hope $5,800 is the last bottom that i was going to see this year, i don't know what to do with another bottom coming this year. It's too deep to compare the previous price of bitcoin if it's going to happen. I hope they weren't right of that speculation because i can't take to wait for more than 9 months since bitcoin was down.
Probably not, we might be seeing some bullish signs at the moment but it probably will come test lower levels, maybe touch even 3xxx, though I think that's unlikely. I'm thinking it will come down to 48xx levels, no real TA behind it, just SOMA (Straight Off My Ass, copyrighted by someone). Late 2014, early 2015 nobody thought it will go lower than 250, but it went and stayed there for some time. But yeah, much has changed since then, more adoption and more "smart money", so we really can't take the past into account. here you go, have a merit for your honesty  anyways in 2015 the price had reached the bottom between $200 and $250, there is always some fluctuations in the market so t here is a range of price as the bottom, mostly at $220 though. and the drop that happened was a one time short lived dump that pushed the price to $150 for a couple of hours only before it jumped back up. it was done to test the strength of the buy support by some whale and the fast jump back proved the accumulation that was happening back then. |
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I think the main thing that made altcoins grow larger and larger is the fact that Bitcoin has become too expensive to buy (people are too stupid to realize they can just buy a fraction), and the fact that if they position themselves in altcoins, their investments will grow at a much faster rate than when they would have invested in Bitcoin.
i think you are only half correct here. people who are stupid enough to not understand bitcoin is divisible when everywhere they look there are decimals after the 1 (including their wallets, the exchanges,...) don't have enough money to invest in anything.... because they are stupid! but another reason can be the fact that they look at the values and think if some price is big (i don't know what scale they use!) that must mean there is no room for rise and if another price is tiny it must go up. for example they see bitcoin at $6000 and say that is the end of the rise. but see some shitcoin price is $400 and think it must rise just because it is $400!!! |
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would you mind sharing the TX ID of these transactions?
i have been trying to do it but i have been failing to get it to even propagate. the nodes reject it so it doesn't even reach the miners!
I prefer to keep them hidden since these were transactions from and to my cold wallets. Yes, there are plenty of nodes that by default ignore 0 fee transactions. What client are you using and have you tried to create a raw transaction and use an external service that will broadcast your transaction for you? If you do, carefully inspect if all parameters are set correctly, because this is how people quite often end up paying insane fees. thanks for the reply. what i do is that i use my Electrum wallet to sign these transactions with 0 fee and then use different bitcoin nodes (not Electrum but directly the bitcoin core nodes that i can see using their IP addresses) to push my tx. i haven't tried it recently so maybe things have changed a bit, i need to recheck again later. |
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“Cryptocurrencies will come to bad ending”
in a way i agree with this statement! the altcoin market has turned into a shit show for good. we are used to it by now so we no longer see the manipulations and pumps and dumps, it is like a normal thing for us to the point where some people started believing it is real rise that altcoins have! this can not end well. in case you didn't know manipulating the market is illegal. |
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transactions will always cost something no matter what. it may not be in form of fee but it will be a cost. but if fees are your concerns then for bitcoin and those altcoins that copied bitcoin NO it is not possible because of the design of these coins. fee is there to prevent spam attacks from going on for eternity. but it is possible in other designs that are not copying bitcoin. for instance NANO and i think IOTA also have 0 fees. I have sent a couple of 0 fee Bitcoin transactions this year and they were confirmed within 10 blocks,
would you mind sharing the TX ID of these transactions? i have been trying to do it but i have been failing to get it to even propagate. the nodes reject it so it doesn't even reach the miners! |
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Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?
Bitcoin will loose its dominance over time for sure. Currently it is around 42% but during late 2017, the only problem is that this number is not "dominance" it is market cap. something that you shouldn't even be using for cryptocurrencies. using it for them is like using "taste" for cryptocurrencies and call bitcoin "sweet" some altcoin salty ,... it is just as meaningless and it is like this because 42% that you quoted is bitcoin's market cap against total of 1700 altcoin market caps.!!! |
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unpredictability is the main essence of the altcoin market because of all the manipulation aka pump and dumps that is going on over there. so just take your pick! all of them are unpredictable at some point or another.
this is trading discussion not "gamble with your money board" so speaking of trading you should not touch anything that you find unpredictable. the more unpredictable it is the farther you should stand from it.
but it doesn't stay like that forever. for example you may not be able to predict the pump and when it starts but after it is started you can predict the direction and join in to make profit in a short time. then again the dumping part becomes unpredictable but you should get out before that time with your profit in hand.
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I will never jump in to fast pump like the price going up 100% in 1 hour, because usually the price also will dump hard so fast just like MANA coin, its better to buy coin that has normal price action because this is more safe in trading.
that is why it is considered risky! and with that risk comes the high profit otherwise there is so little or no profit at all and losses instead. well good news is that you don't have to stick around for the whole pump. you can get out anytime you want. for example you can be satisfied with a daily 10% profit and get that profit from each pump per day and enjoy your life and let the 100%-100000% rises go past while you become richer slowly but surely. |
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the best way of storing your bitcoins is always going to be cold storage on a paper, metal,... something physical. i don't even like hardware wallets because it is not 100% cold.
when it comes to storing it in the "cloud" then there are ways of reducing the risks of losing your funds. it still is not the best method but it is used. the obvious thing is to encrypt it with a strong encryption method and a strong password. for example a 20 character long password with AES-256 encryption. additionally you can always split it into multiple pieces and encrypt each piece separately and store them on different cloud services.
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it is just pump and dump. sometimes the team behind the token is good at pumping, so they advertise it a lot by spending a lot of money in advertisements, then hype it up a lot and eventually spend a lot of money in pumping it so it gains a lot of value for a short time before it gets dumped back down as they cash out all they spent on that token.
if you want profit then just enjoy the pumps and dump faster than the rest of the dumpers. shorting them is harder, riskier and you won't earn the same amount of profit. but there are many who are doing it , so i guess it is more a matter of preference. you can do both though you don't have to just short them you can enjoy the pumps while shorting those that are falling.
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What I mean is, a person may come up and buy 10k bitcoin at once and get us to 7k or maybe another person just sells 100k bitcoins which would cripple us for a long time. What will happen can not be explained via charts as long as these "one person changing the market" situation stays.
this is not some Sci Fi movie, this is real life. 10k bitcoin is worth $66+ million. you can't even transfer that much money into exchanges all at once. your bank won't even allow that to happen, not to mention all the red flags that you are going to rise if you do that. selling it is the same, specially if you are talking about 100k bitcoin which is $660 million! you can't just throw random numbers without giving it some thought. |
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Gavin Anderson is not Satoshi Nakamoto, he has said that Craig Wright is Satoshi lol Such a shame for him to go that way though, he was a good addition as a programmer money does wonders. everyone has a price and people like Craig Wright know how to manipulate and bribe people in order to achieve their goals. there is a lot of in the result of it after all. he milked the publicity alone as much as he could. so it was worth it for both of them. |
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Technically, blockchains are not unhackable, but it's extremely hard and expensive to pull off. An example are Sybil attacks, and again, this is highly improbable. Another example is an attack through ISPs, since nodes are relatively centralized.
For the most part, reported hacks happen in exchanges and wallets, not in the blockchain itself.
i think you are confusing "hack" with "attack" these are two different things. a hack is called to something like your computer getting hacked and you lose sensitive information such as your passwords, private keys, money,... an attack like the ones you listed here such as Sybil attack, the results of an attack are not severe as a hack and most of them don't even end up in losing anything. as a simple example, DDoS "Attack" against a website only puts it out of service for a short time. but a website "Hack" means you change the things on that site, steal something like user information,... |
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Most probably these are exchange wallets or secondary hard wallets from exchanges. Remember that exchanges keep more than one wallet. It is not a good security practice to put all funds in one address.
these addresses are too randomly chosen by OP to just show a list of addresses, they could have had 0 balance for all OP cares (as most of them do). he was just trying to create a topic with a weird title! as for keeping it in one address it is not such a terrible thing to do in my opinion if that one address has sufficient security. and if anything you can use a multi signature (1 address with multiple keys) but keep its keys separate. |
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There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit.
no it won't, as long as the equipment is available to everyone. unless you find a way to create a more efficient ASIC and only use it yourself and not give it to anyone else. which is not going to happen, the companies will mass produce it and when they do the hashrate will increase, difficulty will go up with it and the profit will be the same as always. |
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there has been at least 20 different altcoins that have gotten pumped hard during the last couple of days but you missed those.
there also has been the same other 1600-20 coins that have been doing the same thing as ever meaning they are on the dump but since bitcoin price reversed they could take some time off from getting dumped and have some small recovery. i suppose you are calling this small recover as "pump and horizontal" which is wrong it was a recovery from dumps followed by mostly nothing since whales are waiting for the orderbooks of these altcoins to become packed so they can dump into them.
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your question is wrong! and the reason for it is because you were brainwashed by the advertisement, and this is exactly why i hate ETH and call it a shitcoin. but lets not get off topic. ether is not a currency so you shouldn't be treating it as a currency either. when you say "transfer" or "pay" and ... these things belong to a currency. ether is a token, more like a fuel for smart contracts. so far as i know there is no option in ethereum for sending ether to multiple recipients. there are ways of working around it and coding it yourself in a way to create multiple transactions and pay tokens of an airdrop to all those receiving it but all the solutions i have seen just automate it but create multiple transactions in the end. google OMG airdrop and see the code. it is basically this from stackexchange contract Airdropper is Ownable {
function multisend(address _tokenAddr, address[] dests, uint256[] values)
onlyOwner
returns (uint256) {
uint256 i = 0;
while (i < dests.length) {
ERC20(_tokenAddr).transfer(dests[i], values[i]);
i += 1;
}
return(i);
}
}
for reference: https://github.com/omisego/airdrop/blob/master/README.md |
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as we progress the market grows too. and with growth comes more knowledge. right now the market is new and most of the people in it are also beginners which is why the altcoins specially these ICOs are easy to manipulate. in a couple of years from now we may not even see any more pump and dumps which means you won't be able to earn big profits out of thin air like that just because you were lucky and got some useless token in a good time.
eventually you will either have to become good at trading or not make any profit at all.
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the currency of crypt
LOL from private wallets,
it is not "private" wallet. it is hot wallets that are not properly secured. like a wallet on your desktop that doesn't have a password and when you download a malware. as well as hacking crypto-exchange exchanges
most of the exchange hacks have been inside jobs and lies. there were no hacks in most cases the exchange runs away with the money themselves. These cryptо currencies, probably, are sold at a price below the market price.
why would they sell under price? if they sell on the market they will sell on the market price. if they sell them off the market which is the case they will accept any offer they can get and also that won't affect anything in the market at all. |
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i think the media is making this ETF news bigger than it is and the funny thing is that the market is not even responding to all the hype that has been circulating in the news!
if you remember last year that we had a couple of news like this each time there was the same hype but there was also a big rise with each of them.... now there is nothing!
and $20k?!! not going to happen. as i said they are hyping ETF more than it is capable of.
anyways i am also interested in knowing why they think this time it is different than other times ETFs were rejected?
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