it is a simple formula with 2 variables and although one of these variables (number of coins) is seemingly fixed, in altcoins that variable is a tool for manipulation and that is exactly what ethereum used.

to make it simple and similar to the example you gave:
if price of bitcoin was $1000 and the person who wrote the code changed some variables in the code so that instead of 21 million max we had unlimited supply and instead of a distribution of coins with a logical speed we had 90 million coins the marketcap would have been 80,000 million (80 billion dollar)
and that is what altcoins such as eth do.

as a currency: yes
like bitcoin: no.
where: https://www.google.com/search?q=spend+litecoin
more specifically: https://litecoin.com/services#merchants (check other categories on the left side too).

i am not hyping litecoin (unlike many these days) i don't think it can change that much about litecoin even with SegWit.
but i wouldn't call it a shitcoin either. it is the oldest altcoin with one of the biggest communities and it has lots of similarities to bitcoin and that is why i said it is different on litecoin than other altcoins.

not sure exactly.
but since SegWit is about malleability fix on top of other things, i suppose the altcoin has to be following the same transaction structure and the same signature.

nobody cares about SegWit on a random altcoin that nobody uses apart from trading them.
litecoin is different, because 1. it is exact copy of bitcoin with little change 2. it is old and it is being used.

and FYI SegWit is on some other altcoins, a couple of them have even activated SegWit.
if you are interested, these coins are:
- Groestlcoin
- Viacoin https://bitcointalk.org/index.php?topic=1840789.0
- SysCoin https://bitcointalk.org/index.php?topic=1466445.0
- a couple more that are signalling or considering that i forgot!

back in 2013ish at the time of Mt Gox, there weren't really any other bitcoin exchanges that mattered. most of them were too small to even be considered. Mt Gox had more than 70-75% of the the total daily trading volume in the whole world!

today at 2017 the daily volume has grown and it is spread among lots of trading platforms. the share of Bitfinex from this market is only less than 8-9%.

also it is worth mentioning that you can still withdraw any cryptocurrency from Bitfinex, as many are withdrawing their bitcoins.

if by "became like Mt Gox" you mean insolvency and them closing "all" the withdrawals then yes i believe bitcoin price will fall but it is impossible to tell fall to what.
as i said people have already withdrawn many of their coins from this exchange and then closing down is like closing down 9% of the market! but it is all about the panic sells and that is unpredictable.
it may be small down to $1100!

"this type of trading" is the right way of trading actually. but not the way it is being done in this picture. and THAT is my question.

it is obvious that if you randomly make orders just at random prices lower than current price and then open sell orders at random prices, that is silly and you'll end up money.
the correct way of doing it is coupling this with a little bit of analysis and speculation.
for example you speculate price is going up 20% and at the current rate it may fluctuate and go down 2-5% so you open multiple orders at lower market price and spread them. for example:
buy 50 LTC @ 0.01029 (-2%)
buy 20 LTC @ 0.009975 (-5%)
....
of course as i said it is the speculation and analysis that matters. this screenshot is too weird and it looks too random to me that is why i asked it here, specially since the steps are 1-5 satoshi!

yup. nobody believed it but the manipulation is real. they successfully pumped ethereum (back at the time of start of this topic) and they kept it up until today.
and as of today with all the dumps and all the exits, the ethereum whales are proving, once again, that they have lots of money to throw at this project in order to prevent or at least slow down its down fall. another -5% price drop in ethereum and the whale buy walls go up again to prevent it!

it is possible that they are redirecting the hashrate to block SegWit for the timebeing and when it is successfully blocked then again redirect it to mining a more profitable option (back to bitcoin?), since they still have to make money too.
also it is possible that what people said about them using the ordered miners they were supposed to deliver, is true and they were actually mining with those equipment.

by the way where is the best place to check the litecoin hashrates?

i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.

- currently at 71%

since these two sites are accepting investors i am going to say yes it is reliable information if you can see it on their website too (haven't checked it myself though).
i say it is reliable because if these sites were to report higher income they would have to also pay their investors higher amounts which is not possible. but it is still possible to report lower income and there is no way of proving if it is lower or not apart from trusting the owners to give the right numbers and be honest.

that is only true if you assume all the rest of the altcoins are in the same situation as bitcoin which none of them has ever been or even will be in the same situation.
and that situation is first of all a massive number of users, using these coins daily to transfer money for many purposes ranging from small like buying a cheap 5 bucks item to big transactions of millions of dollars worth.
and on top of that being under a constant 2+ years old spam attack on their network, an 8 year old media attack and lots more.

the usage that altcoins have consists of a very small portion of traders transferring coins to their wallets out of exchange and miners transferring coins to exchanges to sell.
in some rare cases like litecoin, Dogecoin and monero, there are some real world usages which means a small portion of transactions are spending it as money.

yeah, fortunately for me, i lost my being-a-sheep attitude in early days of trading

amen to that.
i also always like to see some charts first. you know as in at least a couple of days to a week of price to be able to see some directions and also to get past the phase of everyone-dumping-as-soon-as-coin-hits-market.

good or bad i have sold all my litecoins on top and took the profit. now i only have like 20 LTC in my name which i think i will withdraw soon to my cold storage because the SegWit doesn't look as good these days because of the hashrate drama.
as for byteball i don't like it at all. coins like this which give away so many coins in their airdrop or whatever else they call it are bad in my opinion and each giveaway increases the supply and sell pressure on the market in my opinion which kills the price.
Naut has some of my attention but the other two i should take a look, i have not much to say

i have always said, long term is only bitcoin.
my altcoin investment durations are ranging from a couple of hours to a week and rarely go past that. i prefer a 5% profit in a couple of hours than 100%-300% in a month because it will have a huge risk that i am not willing to take in 95% of the time in this manipulated market.

this should be written with gold and then stickied to the top of all altcoin boards and altcoin exchanges.

this was the worst news i heard and the worst part was when the % supporting SegWit on litecoin dropped. i can see the dicking around on bitcoin and SegWit but i don't get why they are trying so hard to prevent it on litecoin.
i still say SegWit on litecoin is a good thing and they should move ahead anyway they can even if it means splitting, it is still an altcoin with little use so that wouldn't be that bad. and since the leftover will be those against SegWit i don't think their hashrate is going to stay up forever.


there are a lot of things at play regarding bitcoin price and F2Pool signalling SegWit (although a good news) is the smallest one.

Payment Received. thanks

you are simply making the oldest mistake in the book. the mistake of not looking at the bigger picture. the volume has recently gone up because of 3 main reasons:

1) bitfinex situation is bad and USDT is tethered (lol) to that exchange for the most part so people are selling to get out with USDT since they can not do it with USD

2) the price of USDT tanked. it went down from $1 to $0.96 and that always increases the volume. and that is a 4% decline which is huge in something that is supposed to be worth a fixed $1 value.

3) there is always possibility of reporting fake volume by exchanges to bring themselves up in the lists such as coinmarketcap, it is like free advertising.

now go check the volume in long term. look at them for example in a couple of months back when things were normal and then come back and compare that volume (hint: 500K dollar) with today's volume (hint: 21 mil dollar)

just as an FYI:
MtGox was like the only bitcoin exchange by 2012-2013. it was controlling about more than 75% of daily bitcoin trade volume. when it went to hell it was like all the bitcoin community taking a hit from this since everyone who traded was on there.

bitfinex has a large daily trade volume but on average it is only a small portion of the total daily trade volume. currently (Even with the increase in their trade volume because of panic buys and panic bitcoin withdrawal) they only have 9% of total daily volume. and that is while excluding about 85 million dollar volume from total which belongs to Chinese and Japanese and other exchanges with 0 fee.

if you have $100 to invest then invest in bitcoin, you can always be sure that even if bitcoin price goes down, it will come back up someday sooner or later.
but with altcoins the same thing is never true. you should that altcoins are pump and dumps without any real world usage. so that means buying them when price of them are high like in a bubble after the pump there is a good change of them going down and when they do go down there is no coming back and even if it comes back it would take months if at all.

with that said, and you knowing the risks, i suggest PIVX, ARK, Litecoin (specially LTC since it has gone down recently and it still has the SegWit going)

can you give the link to the topic where you saw this first, preferably the comment dating back to when PIVX was worth 800 satoshi here.
I'd love to see someone with a good track record specially if it wasn't only a one time-one coin thing, i am sick and tired of seeing all the random speculations people make then claim themselves good because one of them succeeded.

edit: is this him: https://bitcointalk.org/index.php?action=profile;u=92110;sa=showPosts;start=0
he seems more level headed than half this forum so i will keep an eye out, thanks. but i couldn't find where he is calling the 800 satoshi yet.

I am loving your speculations, and i am following them and i am making a lot of money whilst following these examples:

litecoin price is 0.0093BTC and bitcoin price is $1173 on average and you write:

then a couple of days goes by and litecoin gets pumped to 0.0108BTC and then you write this:
yes perfect timing!

and follow it up with

and litecoin price has gone down to 0.00867BTC and currently residing on 0.0089BTC
meanwhile bitcoin price has gone back to $1200 and as i said before we have no proof on bitfinex future to make a sure speculation so stop guessing the -30%

and this is just the tip of the iceberg! your speculation swings on April 13 was phenomenal, jumping from bitcoin to ether to litecoin and back again and again.

yes they were hacked, they came back and started working and issued these tokens and finally in April 3, 2017 they started paying their customers back https://www.bitfinex.com/posts/198 i don't have an account nor checked out the news to be able to verify how much they paid back but it was started.

and this may be a naive thinking but it seems to me like the problem comes from their banks not themselves. i hope i am not wrong.

i am talking about a "speculation topic" talking about the "price" of bitcoin and how it can be affected by this news.
all the topic you say are all saying "yaaay Japan accepts bitcoin", and then comments are all "this is good news"

the first part about "China controlling majority of Bitcoin" is just dumb and wrong. what China controls is the manufacturing of mining equipment, cheap labor, cheaper electricity and a moderate portion of the hashrate because of these things.

and the second part about Japan is far fetched in my opinion.

this is pretty interesting though. i think we can expect more adoption after the Olympics if bitcoin usage in Japan becomes more widespread and people going to that country seeing how easy it is to use bitcoin instead of converting their money to Yen.

lets not make a "speculation about price because of Japan adoption" topic into a scaling topic, shall we.
we already have enough of those.