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3221  Economy / Speculation / Re: Marketcap & BTC Dominance on: September 01, 2017, 02:41:52 PM
As the marketcap marches to 250b and higher, what are the thoughts as ti the BTC MARKETSHARE?
  • bitcoin market cap will continue to rise long term as its price rises and more new coins are slowly mined.
  • bitcoin share of market cap will continue to go down as new shitcoins are created with billions of coin and with fake and bloated market cap "number"
  • bitcoin dominance is still the same as before, it is nearly 99.999% of everything else. dominance is the usage, the adoption, the merchants and services around bitcoin and lots of other useful things.
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Since last year this has eroded, but will that slide continue? 
yes as I said above. and here: https://bitcointalk.org/index.php?topic=1842964.0


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Or will money begin to move back to BTC as the STANDARD, especially as realization sets in for:
- difficulty
- scarcity
- FOMO
the money you have in mind is mostly the traders who will always fly around in the market from one market to another to make the most profit. they never go anywhere and they never stay in 1 place. they went to join the altcion pumps and they came back with bigger pockets and they go back again after bitcoin rally slowed down to take a breath.
3222  Economy / Trading Discussion / Re: Tried Copy Trading? on: September 01, 2017, 07:35:18 AM
Since not all of the people interested with trading can be professionals in this field and not all can have the time to focus on always being updated in all hours of the day, many trading firms are now offering Copy Trading.
really? I didn't know this was a "common" thing. these "firms" offer information and signals and things like that but copy trading is new to me!

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Have you tried copy trading with cryptocurrency?
as I said this is new to me but I already dislike the idea of it. copying others even if they are experts is not a good idea. specially if you are new and have no idea what you are doing.

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How was the experience and what are the possible pitfalls with this set-up? Hope to hear more from you guys on this regard.
trading is something that you need to actively engage in and know what to do in different scenarios.
for example imagine you copied someone else's trade where they bought something. and that something got dumped. the expert obviously knows how to handle that situation and will pull out immediately to prevent more loss and will invest at the bottom for reversal and again pulls out as soon as he reaches the profit.
when you copy him, you buy then lose a big amount when the dump happens and before you even realize the person who you copied is already out. then you will lose another money because you go in again after he bought in the bottom and lose another time when he pulls out and you get the memo late!

this is obviously an extreme scenario but it is one of the common occurrences in the market which is always unpredictable.
3223  Economy / Trading Discussion / Re: Tips for trading extremely small amounts of crypto. <--- on: September 01, 2017, 07:22:28 AM
$36 is about 0.008BTC and most exchanges have minimum trade volume of 0.0001BTC so you don't have any issues there.
the trading fees are also nearly the same in most exchanges. they are near 0.2% of each trade. for example on 0.008BTC you will pay 0.000016BTC or 1600 satoshi.

the only thing left is verification.
if you want to trade bitcoin with fiat, they will ask you some sort of verification without exception because that is what fiat world requires. there may be an exception somewhere that lets you deposit bitcoin trade with fiat and in the end withdraw bitcoin not fiat without verification.
but when you trade altcoins with bitcoin, most of them don't ask for verification.
bittrex is the next best thing but they will restrict your withdrawing amount if you are not verified. I think it is restricted to 0.025BTC per day but I may be wrong.
other small exchanges like crptopia have small volume but they are good enough and don't ask for verification.

I am homeless.
I am very curious to know how you are planning on making the trades then!
3224  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest threats to Bitcoin prices in next 12 months on: September 01, 2017, 07:10:56 AM
What do you think are the biggest threats to Bitcoin prices in next 12 months
FUD.
it has always been the only threat to bitcoin price. never in the past 8-9 years bitcoin had any issues to be wanting to go down in price (apart from the Mt Gox bubble). and never anything changed about it. bitcoin has always been the same good technology that has been being adopted and it has always been of the same scarcity.

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And more importantly when?
when the current ongoing rally ends or starts to slow down.
probably around the time when the arguments over SegWit2x hard fork in December heats up.

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I subscribe  to another financial site concerning house prices and the economy, a few of them have got cold feel over bitcoin,
those who have never been "warm" to bitcoin before its rise are not worthy enough to give opinion now. and it doesn't matter if they are "cold" or "warm" now.
3225  Bitcoin / Bitcoin Discussion / Re: High transaction fee can be resolved? on: September 01, 2017, 07:02:58 AM
the transaction fees can come down if:
1. spam attack stops or somehow prevented!
2. miners stop filling blocks with their own crap (BitFury)
3. miners stop mining empty blocks (AntPool, F2Pool)
4. hashrate doesn't drop like a while ago because of BCH so that blocks are found on a regular basis.
5. we get a capacity increase (something like what SegWit does).
6. the wallets fix their broken fee estimation and fee increase steps so that decreases the rate at which fees rise!
3226  Bitcoin / Bitcoin Discussion / Re: Are we technically messing with the Bitcoin Coin cap? on: September 01, 2017, 06:49:48 AM
I don't even know why this question exists in your mind. and you are not alone, I have seen many others ask this. but to me it is very clear.

let me put it this way. consider any of the other chains you want. now if I have some coins on any of those chains like for example if I buy some bitcoin cash now, ..
...can I send those coins to my bitcoin wallet?
...can I use that coin to pay a merchant that is accepting bitcoin?
obviously the answer to both questions is NO. so we really didn't change anything about bitcoin, did we?
3227  Economy / Service Discussion / Re: "withdrawing" as a payment on: September 01, 2017, 06:45:18 AM
your question is unclear but from what others have said I think you are trying to get your altcoin mining reward/payment in your exchange wallet.
in that case if you read the warning that these exchanges give, you can see they are clearly saying "Do NOT miner directly to the address they give you as the wallet". your payment from the pool may be a little different since it is a payment but you are still risking not getting that payment at all and losing the money if the exchange decides not to credit your account.
3228  Economy / Speculation / Re: Tulip Bubble & Bitcoin on: August 31, 2017, 09:49:09 AM
the difference is very simple actually:
nothing about bitcoin's supply has changed so far. but the demand for bitcoin has increased substantially. this is clearly noticeable by the increase in volume, how packed the orderbooks are and the fact that awareness about bitcoin has grown a lot. not to mention all the increase in merchant adoption.
this simply means a big real rise not a fake bubble.

also, rises like this are not at all strange or unheard of. there are a lot of things in the world, specially stocks market, that had the same rises. big and fast. it doesn't have to be a "tulip bubble" just because it went up fast!

I only somewhat agree with you.

It is true that bitcoin's supply has stayed relatively the same, and the supply can't be brought up just by someone printing more bitcoins because that's just not possible. It is also true that the rise of bitcoin is probably a lot less crazy than the rise of tulips back when the bubble happened, but bitcoin is still a bubble.

Every bubble is going to crash, sooner or later. It's just that the magnitude of the bubble isn't as great as the tulip mania.

why do you say it is a bubble?  that is the question that you should be answering.

if your reason is only because price seems big to you or if your reason is just because it went up faster than before or faster than you expected, these are not reasons to call bitcoin a bubble.

the picture posted above my comment is actually a pretty good example. Berkshire Hathaway stock used to be less than a dollar back in 1990s and it grow with the same speed as bitcoin, even faster and in a couple of years (less than bitcoin's 8 year) it were over $5000 and it is currently worth more than $200,000 per share.
you see just having a big number as price doesn't mean something is a bubble. the same way as any drop is not a dump and the end of the world or bubble popping,....
3229  Alternate cryptocurrencies / Mining (Altcoins) / Re: Miner power reduction on: August 31, 2017, 09:41:45 AM
technically anything is possible. but it is all about efficiency.
you can make miners that are consuming less power and giving you a better hashrate at the same time. you can also make a solar panel that generates more electricity with higher efficiency and then pair these two together to get a nice setup.
but in the end it comes down to a manufacturer to find this economically possible to make something like this.
3230  Bitcoin / Bitcoin Discussion / Re: Bitcoin fees are too low! on: August 31, 2017, 07:59:23 AM
Have a heart for the poor miners.

edit 20sat/b is way too low.

20 sats/byte is probably too low, but has it reached that stage yet? No.

I still have to pay close to 450 sats/byte on my transasction and it has only increased over the past few days, with no signs of slowing down honestly. IF the transaction fee was at 20 sats/byte and the block reward has halved then miners would probably be disincentivized, but right now miners are making bank off tx fees.

Not sure what you are trying to get at here, honestly.

it seems like OP is mostly trolling. fees are not 20 and they are not 450 either. it is somewhere in between most of the time around 120 s/b to get a high priority (get a confirmation within next couple of blocks) and during the times when mempool goes towards the moon it becomes more expensive temporarily.
of course 20 s/B or even 1-2 s/B transactions can also be confirmed but you can't rely on that specially if you want to get the coins fast like when depositing to an exchange to make a trade, you can't wait half a day or longer!
3231  Economy / Trading Discussion / Re: Btc or fiat: which is best to try maximize while trading on: August 31, 2017, 07:30:55 AM
Personally use Tether USD. You want to compare to something less volatile otherwise you can lose with fluctuation.

I actually don't like Tether at all.
at first sight it seems the most convenient but when you pay more attention to its details you can clearly see that using USDT is adding an additional risk to your investment. it is not decentralized like cryptocurrencies so you can't really use it freely, also it is not promised to stay at $1 and a simple swing can mean a huge loss on your part which nobody covers or cares. for example we saw the big dip that it had when bitfinex was hacked last year.
3232  Economy / Trading Discussion / Re: starting to trade on: August 31, 2017, 07:22:53 AM
BITTREX is good,but you should know about their rules and terms,
many people do not read it clearly and when they're trading something goes wrong.
look at this :
Withdrawal Limit[Sovled]
I haven't checked this particular case but most of them are crying wolf. for example there are some accounts that were old (legacy with 2000BTC daily withdrawal) that were sold and the buyer is not blocked because the IP is changed and they have to verify now to be able to withdraw.
I have a legacy account and though they were telling the truth until I made a withdrawal myself and it was done without any issues and I have never verified my account.

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for beginner i don't recommend novaexchanger,ccex and else.
just focus on BITTREX,because comparing to else Bittrex a bit selective to list a new coins.
not like the rest,it's very dangerous because you might get caught by pump and dump coin
I agree but some people don't want the verification so they are forced to use other exchanges. novaexchange and cryptopia are good enough for starters. and cryptopia doesn't want verification.
3233  Economy / Speculation / Re: Tulip Bubble & Bitcoin on: August 31, 2017, 07:13:24 AM
the difference is very simple actually:
nothing about bitcoin's supply has changed so far. but the demand for bitcoin has increased substantially. this is clearly noticeable by the increase in volume, how packed the orderbooks are and the fact that awareness about bitcoin has grown a lot. not to mention all the increase in merchant adoption.
this simply means a big real rise not a fake bubble.

also, rises like this are not at all strange or unheard of. there are a lot of things in the world, specially stocks market, that had the same rises. big and fast. it doesn't have to be a "tulip bubble" just because it went up fast!
3234  Economy / Service Discussion / Re: Overview of exchange withdrawal fees Update: 2017-8-30 on: August 30, 2017, 08:54:26 AM
You should add binance the new Chinese exchange that is growing leaps and bounds.
Binance has a withdrawal fees of 0.0005 BTC as stated in their blog and website.
https://binance.zendesk.com/hc/en-us/articles/115000429332
Maybe it's too small exchange, but some use Tidex.
Maybe it worth to be in your list.

The Bitcoin withdrawal fee is big imho: 0.00125BTC


the main purpose of this list is to compare the withdrawal fee that different exchanges take for bitcoin. and I will add any exchange that has at least a minimal daily trading volume that it can be considered a running business, I am not really looking for listing only "big" exchanges.

tidex has 70 bitcoin or 319K dollar rank 101 daily trading volume. I guess we can call it enough for daily. Tongue
3235  Bitcoin / Bitcoin Discussion / Re: Satoshi just sold his mined Bitcoins from 2010 on: August 30, 2017, 08:42:25 AM
this has nothing to do with satsohi, the coins are all after the Satoshi time and from 2010 not the early blocks which were mined by Satoshi. and also as it was mentioned by someone else. this is most probably someone from the early days who is trying to get the Bitcion Cash airdrop now that the price is still high enough to be worth anything. or probably getting ready to claim it if there was a pump or something.
3236  Economy / Trading Discussion / Re: The minimum amount you need to day trade bit coins is 4000$/1btc as aug 2017 on: August 30, 2017, 07:30:24 AM
Everyone asks this question but no one ever gives you an answer besides "as much as you are willing to lose" which is excellent advice thats what I do, but thats not a number.
everyone says that because it is true.
for example if I say $10,000 you will start running and screaming and if I say $0.02 you will burst out laughing but they are both true and you can use both numbers to start your trading. the first is ~2.22BTC and second one is about 500 satoshi or the minimum order size of some exchanges!

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My reasoning is this. The market swings up and down about $400USD a day.
the swings that big are so rare that they almost never happen.

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The most you can make off a trade will be that number. It has to be worth your time. My minimum wage is $15/hr since adjusted for inflation that what US min wage is supposed to be.
if what you said were true then you would lose the same amount of the swings is not in your favor. so think about that for a while before wanting to invest $4000 as a start.

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Anything less then 4000 is just a hobby.
no it really is not.
in fact one of the best things about this market is that you can start with a very small amount to try and learn things and build up your confidence and make all the mistakes you want. then increase the amount.

on top of it, when you become experienced enough you can make a big profit from altcoins that are getting pumped and earn a very good amount of profit in short term. even 100% profit. so if you invest $1000 you can make it into a $10000 potentially by the end of the month too.

in the end, it is not right to give a number because it can be very different for different people. I may prefer trading with only half abitcoin while others do it with 10 bitcoin and be happy. just do what you are more comfortable with.
3237  Economy / Speculation / Re: Max Keiser: Bitcoin’s going to be worth a trillion dollars soon! on: August 30, 2017, 05:19:24 AM
ever since bitcoin price started going up, everyone became bitcoin speculation expert and they come up with numbers as if it is a competition to see who can give the biggest number. the funny part is that they all become silent as soon as bitcoin takes a dive or the rise stops of whatever.

I always say these "predictions" are only worth something if they talk about them when price is falling not after a big rise and when everyone is happily buying.
3238  Other / Off-topic / Re: Bitcoin so the main choice on: August 30, 2017, 05:06:47 AM
reading online about some random person saying they are thinking about it doesn't really mean many people are dropping their full time job and their financial security for something else.

and what will they do to earn bitcoin? it is not going to be easier, you still have to do some job to make bitcoin. it is not like you can click a button and earn a thousand dollar each week. if you have no skills then it is best to stick to your mind-numbing office job and earn what you earn because coming in bitcoin with no skills means not only you won't make anything but also you will lose the money you invest too.
you see all those sharp drops? they are panic sells by people who have no idea what they are doing Smiley
3239  Economy / Service Discussion / Re: Overview of exchange withdrawal fees Update: 2017-8-30 on: August 30, 2017, 04:58:23 AM
Damn, is this fixed or it's only a short-term change. They were considered the best due to their withdrawal fees but now it's the last option in my list.
well it is a fixed amount they charge and they are doing it so far. if they changed it back I will update the list but usually when these exchanges increase their fees they won't bring it back down that easily!

Kindly add Liqui also charges 0.0015. Coinexchange charges 0.001 BTC.
added both. thanks.

Is there any thread explain about the fees in online wallet providers like coinbase, xapo, blockchain and others. If the thread is available what I am concern to looking for please share the thread link to me. When looking about the fees it is more than a fees which is been added as network fees to it.

I don't like nor use the web wallets and they usually charge a dynamic fee which changes with time and based on mempool size so it is impossible to make a list from, you have to check the respective sites live. and blockchain.info is not like the others, since you control the private keys you can set the fees so that is based on what you do

updated this one too.

I see gemini give a customer 30 free withdrawal fees per calendar month, it's means the customer get 30 free WD fees/month? They put additional WD fee 0.001, it's makes me confused, honestly I haven't experience with gemini.
yeah it is very confusing, and since I am not using myself I can't decide what to put in the table!
3240  Economy / Trading Discussion / Re: Trading cryptocurrency for cryptocurrency without identity verification? on: August 29, 2017, 09:23:55 AM
Personally I like liberoptions
1. Fully anonymous,
2. Very small amount can be traded for beginners
3. The trading is not bounded to bitcoin rate.

first of all OP is asking for a place to trade and according to a quick google search what you are introducing is a gambling site not a trading website aka exchange. here is the announcement: https://bitcointalk.org/index.php?topic=929836.0

secondly even if you are talking about something else than what I found, a website that is unknown and nobody has ever heard of it is not really a good choice for trading. and I can not find any information regarding this on the internet or this link: https://coinmarketcap.com/exchanges/volume/24-hour/ which is the list of exchanges. you better stay away from things like that.
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