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341  Alternate cryptocurrencies / Altcoin Discussion / Re: how many people here are using tether? on: April 17, 2017, 08:21:39 AM
I use tether sometimes, it is just a nice way to trade into fiat, without trading into fiat.

I think they will manage to weaken or strengthen tether back to 100c, it isn't supposed to be perfect all the time, but it has to return to the level of the USD.
Looking at cryptocoincap it is currently $0.999440, looking at the chart it is always very close. Seems good enough to me.
342  Alternate cryptocurrencies / Altcoin Discussion / Re: Lepen vs Macron vs Franc (French election coins) on: April 16, 2017, 05:01:18 PM
what's the damn fucking point of this coins, unbelievable people give any value to this
This.

Naming a coin after an event or a peprson does not link the coin to the success or failure of the event or person after whom it was named!
I think Macron will win the election, if you think that means that a coin named after him will do well because of that, then that is my answer.
343  Alternate cryptocurrencies / Altcoin Discussion / Re: List of Forks of succelfull coins? on: April 16, 2017, 04:58:19 PM
I don't know of a list and I can imagine that there would be coins on the list that I didn't know where forked coins too!
How could someone start a list like that? I guess only a group effort of a forum like this could do it, but it wouldn't neccessarily be 100% accurate.

Crytocoincap might know lots of forked coins.
344  Economy / Speculation / Re: effect of Japan on bitcoin price speculation on: April 16, 2017, 04:55:11 PM
I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

I am always surprised that Bitcoin has rebounded in Japan, after the Mt Gox fiasco. Increased regulation means that the government has learnt its lessons. Japan is after all the world's fourth largest economy and increased adoption in Japan is good for the world.

Mt Gox screwed us all over, it wasn't really a Japanese specific problem.  Maybe the authorities there should/could look at it in a more negative light after the Gox fiasco, but I doubt that the Japanese people are even aware of it (anymore than we are in other countries)

Japan is a high tech and rich country, they get basically nothing from savings accounts. I expect that the next fiat currency crisis will start in Japan, so Japan seems like somewhere where they should be investing in Bitcoin. I don't think they are leaders in the field at the moment, but that could change.
345  Bitcoin / Bitcoin Discussion / Re: aaaand here we go again on: April 16, 2017, 04:50:35 PM
You can complain, but BU and/or Segwit don't seem to be winning over the miners.
It looks like it is a flawed system, the turkeys have to vote for Thanks Giving, why would miners vote to increase the size, when it means that transactions will get cheaper, so they will lose out.

I think someone might just have to fork Bitcoin without having 66% or whatever is 'required'.  The current situation can't really last too long, it just makes Bitcoin look bad.
346  Bitcoin / Bitcoin Discussion / Re: You can't avoid taxes by investing in bitcoin on: April 11, 2017, 05:26:07 AM
Well the title is just wrong!

Here in Germany, if you buy and hold for 1 year, then you can sell without paying tax. Thems the rules, so you can 100% avoid paying taxes by investing in Bitcoin!

I bought mine in 2014, so can happily sell whenever I want and not worry about taxes Smiley
347  Economy / Speculation / Re: Bitcoin will get half million dollars prices by 2030 : Blockchain.info CEO on: April 11, 2017, 05:23:57 AM
Given how many users (hardly any) and the current usage level (almost none) and the current price ($1200+) it does seem like the price could go a lot higher.

If Bitcoin even started to be used or bought by a small percentage of the population, and was used (not that it scales) then it could easily be $25k per Bitcoin in my opinion.

$500k sounds pretty fanciful, to be honest, I don't see Bitcoin being adopted by the masses anyway, so $25k seems unlikely.
348  Alternate cryptocurrencies / Altcoin Discussion / Re: if bitcoin dies, what alt would you go for? on: April 11, 2017, 05:19:07 AM
My realistic answer is that I wouldn't put my money in crypto anymore, if Bitcoin dies, crypto dies for a generation.

Using your rules though, I would have to go to an alt. Looking at the top coins, I couldn't imagine why Litecoin would succeed when Bitcoin fails. I don't trust ETH or centralized Ripple. Anonymous coins have no wide spread future, they are fo buying drugs.

So, the highest coin on the market cap list I could find that I don't dislike is Peercoin. So I will go with that!
349  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: EXchange hacked on: April 10, 2017, 01:07:41 PM
Probably best not to start a thread called Exchange Hacked. Maybe call it 'What happens if an exchange is hacked'

I mean you caught me, but it seems unneccessary.  It is real money we are talking about, and exchanges do get hacked.
350  Economy / Speculation / Re: $1,200 incoming (Next goal is $1,300) on: April 07, 2017, 08:30:38 AM
Well,, as you see the price it recover very fast and smoothly. Down to $900 in March and Going up this Month, we are predicting that $1,300 in this month will achieved because on Japan that want to recognizes bitcoin and i think there's now many markets accepting bitcoin as of payment in japan. Hopefully there's more...

Woot! Your verylucky if you buy at cheap price..... We are now in $1,199 and still pumping Cheesy

Price: $1,199BTC
Time: 2:25:39 AM (Forum Time)

Still Growing.....

Give your predict price now that will achieved in April?
If you base your price predictions solely on what the recent price has been, you'll never earn anything from trading and your speculation will be pointless.  It means that whenever the price goes up a little bit you'll say that Bitcoin is the future, it's going moon, it's the greatest thing ever, and when the price goes down a little bit you'll say it's dead.  Your buying/selling cycle in trading could then be expressed like this:

Bitcoin rises -> Bitcoin is great -> Buy high

Bitcoin falls -> Bitcoin is dying -> Sell low.

You need to be careful with how you think about this.  Your analysis should revolve around news, market reactions to that news, predictions of news and any other factors (such as scaling) which may affect the price.

The buy high, sell low thing is something that lots of people do.  You may think that the price is low at the moment, and that it will go higher and that you are buying low, but look at the charts!
The price is historically very high at the moment, I mean like it has only been higher for about a month.  

I don't think we will be seeing $300 again anytime soon, but that was when it Bitcoin was cheap and a great buy. Now at near all time highs, it could still be a good buy, but it is far less certain than it was.
351  Alternate cryptocurrencies / Altcoin Discussion / Re: Are ICO going to replace mining? on: April 07, 2017, 07:42:39 AM
I would ask the question in a slightly different way.

If and when the Bitcoin killer, super-alt is launched, how do you think they will be distributed at the early stages?
I can imagine it being an ICO, but ICOs are very dodgy as most are scams.  They also overly reward the people getting onvolved in the ICO, it is basically everything that is wrong with crypto distribution.

If the new super-alt is mineable, it will have to be either a new encryption that can only be mined fairly by the masses. I don't think such a thing exists though.  Even if they do make a CPU mineable coin, Botnets will take it over. That means most of the coins will be controlled by the initial miners, which is unfair.

The Clam method of everyone with a crypto address gets given x new super-alt coins.  This seems to to have it's faults too, as people with millions of addresses get given lots of money for nothing. It has happened a few times to clams that someone digs huge amounts from faucet addresses. That also isn't fair. You could raise the amount required in the wallet to a non-dust amount, say 0.1 BTC, but then you are making the rich richer.

I don't know how it will be done, I fear at the moment that an ICO will be the way forward so that developers can get some money together to develop the coin before it is released.  It isn't a good distribution method though.

352  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit moves away from crypto-centric on: April 07, 2017, 07:32:15 AM
Decentralized social media platform Steemit has announced a new marketing direction and the launch of a “crowdsourced growth” initiative.
The plan is taking Steemit from a crypto-centric project to a household name.

By leveraging the wisdom of the crowd to amplify and multiply the impact of marketing efforts, Steemit will build out countless sub-communities,
each incentivized to grow until Steemit joins the ranks of the social media giants.

Therefore, crowdsourcing will play a significantly larger part in determining the Steemit platform’s future.

Do you agree crowdsourcing is good for Steemit?

I think the idea of Steemit, basically being Medium but with tips for well written articles, is a good one.
It could become popular, but the connection with Steem will hold it back.  It means it has not only to grow and be successfull itself, but also prop up a cryptocurrency too.

We will see if people actually tip fiat money quite as quickly as they would steem, I doubt it, but moving away from steem is probably a good thing for steemit.  The quality of the articles should also rise, when I have read it, the articles are mainly about steem and how much money people can make with steem!
353  Economy / Speculation / Re: Bitcoin AND the Altcoins are moving up.. Pushing ATH's for global CC markets.. on: April 04, 2017, 11:45:23 AM
Bull mode.. time

http://coinmarketcap.com/charts/

then click the 26 billion market cap at the top

Bitcoin`s market share is currently under 70%. This percentage will slowly diminish with the time as there are better coins/tokens/project on the market.
I think people just like crazily temperamental markets so that they can trade and make money.
Bitcoin is becoming a bigger market that is harder to manipulate, not impossible if you have deep enough pockets, but it isn't easy.

People pump and dump alts all the time. You see stuff like Bytecoin coing up 500% in a day, then slowly coming back down as no one wants to hold it!
The 27bill in Crypto belong 90% to bitcoin if you ask me. There may be a few true altcoiners, but most of the money in alts is just people trading to increase their Bitcoin holdings.
354  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Dogecoin have a future? on: April 04, 2017, 11:40:41 AM
Dogecoin is an inflationary coin. While it may have a stable price and be very useful in micro-transaction, it is unlikely to attract speculative investors. So the price is not likely to take off.

That can be a good problem for DogeCoin. This coin can be packaged as a coin just to have some fun and can work in the long run. The fact that there are no updates and activities related to this coin can tell us that there is no good community built behind this coin and that is something we don't like. Having a community backing and working for any coin counts a lot. I am hoping that soon developers of this coin would be seriously working to make it another serious digital currency that can stand and compete with the rest.

Highly inflationary even. But hoovering on a stable satoshilevel for monthes, so these two effects ballance out each other: adoption vs. mining.
The current lack of a devteam itches me too, if comparing with litecoin. Still stuffing all scrypt coins into the same bag here.
It was hovering against USD as Bitcoin was rising. That doesn't make it a good alt to invest in though, even if it is better than some others that tank whenever Bitcoin goes up.
Maybe the rise yesterday was it, each pump is smaller than the last, as it should be with an inflationary coin.

I mean, at the end of the day, it is a coin based on a meme of a dog with bad English, it probably won't stay the course long term.
355  Economy / Speculation / Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious on: April 03, 2017, 09:49:13 AM
I sold 40% of my LTC at a profit and traded back into ETH which is on significant dip. Again my thesis is Bitcoin is locked into a range below $1150ish (maybe $1200) for the time being so the wave will rotate back to ETH next. Then once ETH gets news such as the Raiden LN clone, then ETH will make a huge jump.

Waiting for more clarity on LTC. The hornet's nest of dissonance and manipulation per my prior post makes me think the rise in LTC may be quite volatile. I'll wait for clarity and potentially a better entry price. If it runs away from me, I still have a significant holding.

Apologies for the noise. I decided to reverse this trade. I see that LTC has a wedge pattern that is rapidly closing so it should breakout to the upside. Also on study of the ETH chart, I don't like the current pattern. Its very difficult to determine at what level the firm support is for ETH.

I need to ignore the discouraging discussion with the redditards and stay focused on the economics of what I had discovered.

That cost me ~$250. Fuck.

Lesson learned. Don't waste time talking to Redditards.

Do you have no problem buying into coins that have already risen considerably?  I find that I look at LTC or XPM now and think, that has gone up and could come back down.
The way the market is now, I tend to look for what hasn't gone up recently, buy, wait and then sell.  It is obviously a game of luck, but as basically every coin has been pumped in the last few days, it is working well (primecoin was the last one for me, shame I woke up 2h after the big rise)

I guess my problem is that I am not a fan of any alts. I will happily trade them, but I don't see any true value in them.  Bitcoin on the other hand...

356  Bitcoin / Bitcoin Discussion / Re: Where is everyone? on: April 03, 2017, 05:32:21 AM
The 'Big' alts pumped massively and people made a lot of money out of it (not me!)

I wouldn't hold alts long term, none have ever shown that they have the ability to hold value over time.  Bitcoin's possible fork did open the door to other coins, but that that hasn't happened means that the alt coin traders have lost interest and moved on to pumping lots of smaller coins, and ripple.

There isn't a bitcoin killer out there, no matter what happens to the prices short term. Crypto is reliant on Bitcoin to fail or succeed.
357  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Dogecoin have a future? on: April 03, 2017, 05:27:20 AM
Good to see that since I sold out the price has doubled!
It still hasn't pumped, it is back to a reasonable price though.

As each coin on Poloniex seems to pump one after another at the moment, it does appear possible that Doge will pump too, but I am not keen on getting back in at double my sell price!
358  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin dominance keeps decreasing due to recent altcoins pump. on: March 31, 2017, 08:31:26 AM


How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers! 
So all the alts together are worth $10billion!  I really can't understand that valuation.
There are so many crap-coins, even inside the top 25 coins there are some that are low quality/joke coins - Golem, Doge, ETC, First Blood.

I can see that a few coins might be used in the future, but really that list is short. Over 40 coins have a market cap of over $10mil, I think about 30 of them shouldn't!
359  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum classic vs Ethereum on: March 31, 2017, 06:18:09 AM
ETC is basically profiteering from the hard fork that prevented someone from stealing a lot of Ether.
It could be of value if ETH somehow gets hacked or otherwise corrupted, in that they have a fully functonal back up chain waiting in reserve.

I think they could and should be testing on the ETC chain, then if sucessful, they can use the ETH chain. It would be like a live Testne then.

I don't see much point in buying for (long term) speculation, but it could be of use to ETH in other ways.
360  Economy / Speculation / Re: China found huge gold mine. Price evolution? on: March 31, 2017, 06:14:21 AM
What is the price for them to get that gold out of the ground?  That is one big issue with new mines.
There is a lot of gold/silver/oil out there, but it isn't economical at current prices to go and dig it up.

Even if it is a big easy and cheap mine, the amount it may contain is far less than the Chinese government wants as a reserve in the next few years, meaning it could all be nationalized and make little difference to the world market.
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