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361  Economy / Speculation / Re: is this bitcoin bubble ever going to burst on: May 09, 2017, 02:27:00 PM
Probably, but when the prices are one or two orders of magnitude higher than the current ones.

As I said previously, Japan itself could rise the price at least by one order of magnitude in a natural growth, they have the money and are tech savy enough to make Bitcoin an ideal investment for them. There are few bitcoiners right now and too many potential investors, so we are nowhere close to a bubble or saturation. Even places with a destroyed economy like Venezuela are adopting Bitcoin in some manner

I would worry more about not losing my Bitcoins than with a future bubble
362  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2017, 02:19:05 PM
Hello wall observers.

There is no bubble, and no big correction incoming.
We known that Japan is known as maybe the most digital society in the world, and we all know they save too much of their earnings, at the point the excessive savings become a problem because people just invest and don't consume stuff. And the April a certain law recognizing Bitcoin as a legal currency and valid investment has been approved, so will be easier and safer for people in Japan invest their large savings in Bitcoins.

Currently there are around 2M of bitcoiners around the world at most, and Japan's population is around 130M. If 10% of the Japanese invest in Bitcoin, then price will rise about 10x due to Japan alone, considering they put the same amount of money in Bitcoin as the current Bitcoin hodlers, but they have the resources to put much more than the current average.

So keep hodling, there is no reason for the price to fall in the long run, and plenty for a big rise.

The japanese are already adopting Bitcoin faster than expected

https://bitcointalk.org/index.php?topic=1907978.0

363  Economy / Gambling discussion / Re: Europa League/Champions League Lounge on: May 09, 2017, 02:02:41 PM
Juventus vs Monaco - Juve are so professional, a really good team. I think under 2.5 goals is a good option here. Juve will defend & hit Monaco on the break.

Surely, will be like the second leg of Barcelona v Juventus, they will park the bus and defent.

Another 0-0 is on the card, or 1-0 for Juventus

Picks for this game:

Under 1.5 goals, Juventus clean sheet, Juventus draw no bet
364  Economy / Gambling discussion / Re: 2016/17 NBA Season on: May 09, 2017, 01:56:43 PM
Cavaliers and the Warriors roflstamping all their series, in the meanwhile both Houston Rockets v San Antonio Spurs and Wizards v Boston are tied 2-2 and will go for 6 or 7 games, so I don't think there are any doubts that the final will be Cleveland Cavaliers v Golden State Warriors

Also the Cavaliers are better this year despite the regular season performance, they just sweep the Raptors this year, and 1 year ago they "only" won by 4-2, so will be harder for the Warriors this time
365  Economy / Gambling discussion / Re: XII FREE Tipster Competition - sponsored by DirectBet (Discussion Thread) on: May 09, 2017, 01:49:39 PM
What is the reason for the break, and the return when most leagues will be on vacancies  Huh

Also any more changes planned?
366  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2017, 02:12:20 AM
Also, if you have 12BTC on a software wallet my advice inmediately changes to: Buy a hardware wallet NOW!
What's wrong with a software wallet? Mine is password protected, stored in a veracrypt volume, which is stored on my encrypted /home partition, and included in several backups stored in different air-gaped locations and only ever connected one at a time. (and most importantly, I'm not running a toy operating system.)


Well, you are describing it perfectly. I can have better security with my hardware wallet without needing any special security measures. I could even use it on "public" computer.

I say "better security" because no matter how many layers of encryption you may be using... at some time you would need your computer to access the wallet in "plaintext" to sign the transactions and that opens an attack vector.

It's much better to have the signing be done inside a specialized hardware....

Plus it is amazingly more convenient to use.



I have been saying this same thing for four years, but I would take it a step further. Easiest and best way to secure your Bitcoin is printing your address and putting two copies in different safe deposit boxes. Then return 10 years later a millionaire.

Software wallets for even moderately competent tech people are complete jokes: passwords, veracrypt?, home partition encrypted, multiple backups, air gapped storage, military grade cement vaults, across continents, different governing body, multi sig, documented access protocol, protocol encrypted, protocol stored in multiple backup locations......OMFG

You are missing my point. Paperwallets also have its use case but... HOW DO YOU PLAN TO CONVERT THEM BACK TO BTC (MOVE THEM) WITHOUT USING A SOFTWARE WALLET?!??!!?

For god's sake, why can't people just follow my advice and buy a damn hardware wallet! Smiley


What's the best hardware Wallet? PM me please

there is a topic only for hardware wallets review

OVERVIEW: BITCOIN HARDWARE WALLETS

https://bitcointalk.org/index.php?topic=899253.0

367  Economy / Gambling discussion / Re: 2016/17 NBA Season on: May 03, 2017, 04:07:38 PM
Tonight matches

Cleveland Cavaliers - Toronto Raptors, bet is Win Raptors
San Antonio Spurs - Houston Rockets, bet is win Spurs

Think that in both games we will see after games score 1:1

are you sure about Cleveland lose?

are you totally sure about Spurs win?

I think the most likely upset tonight would the Rockets win again, something happened and they defeated the Clippers and the Spurs on the road.

The safest bet for today with decent odds is the half time handicap for cleveland
368  Economy / Games and rounds / Re: XII FREE Tipster Competition -sponsored by DirectBet- (Main Thread) on: April 30, 2017, 11:05:44 PM
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369  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 21, 2017, 01:21:22 AM
bitcoinwisdom.com is down now, they give the infamous 502 Bad Gateway

any other place I can watch the walls of all exchanges?
370  Economy / Gambling discussion / Re: Europa League/Champions League Lounge on: April 21, 2017, 12:52:27 AM
No comments about the heroic Ajax's comeback today?

With 1 men down they came back from behind in the extra time and won without penalties.

Kudos for them.

I'll root for them in the Euro, because I like underdogs that play well and do miracles
371  Bitcoin / Press / [2017-04-20] Why some Venezuelans have turned to bitcoin mining on: April 20, 2017, 10:14:57 PM
In crisis-ridden Venezuela, mining this digital currency is providing a lifeline but comes with the risk of arrest.

In 2005, Randy Brito, aged 14, and his family fled Venezuela.

Back then, the country's oil-based economy was still booming. But under President Hugo Chavez's socialist agenda, widespread nationalisations and takeovers of private enterprises compelled many middle-class families such as Brito's to leave.

In 2011, while browsing the internet, Brito discovered the world of bitcoin on a dedicated forum.

A post described "bitcoin mining", a fully decentralised process where "miners" compete by making their computing power available to process and confirm transactions coming from a peer-to-peer network.

http://www.aljazeera.com/indepth/features/2017/04/venezuelans-turned-bitcoin-mining-170415124105593.html
372  Economy / Gambling discussion / Re: Why i have started using ETH instead of BTC in sports betting (Directbet) on: April 17, 2017, 07:17:46 PM
ETH needs a long time for syncing(when it syncs at all) and you need to tupe a password every time you want to make a transaction


Better Dogecoins or Dash, or even Litecoin, in my opinion
373  Bitcoin / Bitcoin Discussion / Re: If you have to pay 10% or 20% extra will you still be using bitcoin? on: April 16, 2017, 09:00:25 PM
Do micropayments through offchain networks instead of blockchain?

Like fund a credit card or something similar and make microbuyings with the balance.

Also 10% or 20% still might still be cheaper for some transactions through more conventional ways, for example, for payments in certains countries, the fees and time required would be too costy
374  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 16, 2017, 06:56:13 PM
-snip-

what do you think about this:
- bitfinex fiat withdrawals are disabled
- people fear Gox specially with everyone repeating it online
- so they cancel fiat withdrawal and buy up bitcoin on bitfinex (price goes up)
- they withdraw bitcoin to other places (mostly bitstamp) and dump there (price goes down there)
- they withdraw their fiat out of fear.

this is more buy pressure on bitfinex and more sell pressure on stamp.

Those factors make sense in terms of current and recent development in market dynamics.

Bitfinex withdrawals are not completely disabled, merely the ones that were processed through Wellsfargo services, and it seems that this is actually legitimate, and not made up by bitfinex and something that they are working on fixing.

Sure some of your description of relevant additional factors even undermines my bitstamp whale theory (I mean the theory that no one is following the supposed bitstamp whale). 

With these dynamics, we may need a few more days to see how these matters play out.

Sure sometimes there can be nepharious going on and sometimes there can be factors that are merely being attempted to be figured out.. and those factors affect price dynamics and some folks know about those price factors before other folks who are still trying to figure out dynamics.



But people get scared to do any withdraw on Bitfinex because they fear they might be other withdraws may be stopped too, and buy and transfer their Bitcoins to Bitstamp.

You know, fear is more powerful than facts sometimes and the financial markets are a little over reactive at times
375  Economy / Gambling discussion / Re: Europa League/Champions League Lounge on: April 13, 2017, 09:30:02 PM
bbeşiktaş plays very well and deserves to be champion. ı hope to be a champion this year.

or Lyon that played bad, they lost 4-1 at home against the relegated Lorient in their last game
376  Economy / Gambling discussion / Re: 2016/17 NBA Season on: April 12, 2017, 10:54:28 PM
For Miami Heat go to the playoffs they must win today(most likely will, they won against the Wizards in Washington) and Indiana must lost at home against a crippled Hawks team or the Bulls lose at home against the Nets. Odds of home winning are less than 1.05 for both games.

But next season they will come back and go to the playoffs and surprise everyone
377  Economy / Gambling discussion / Re: XII FREE Tipster Competition - sponsored by DirectBet (Discussion Thread) on: April 12, 2017, 10:32:01 PM
Can any one confirm me if i am eligible to participate in Side Competition?I'm wearing personal text since registration.
Sorry this is my first time ever participate in any tipster competition,so i want to know where i can see my enrollment status?

personal text and stuff is only for the participation prize, and anyone automatically participates in the side competition with first entry Huh
378  Economy / Gambling discussion / Re: 2016/17 NBA Season on: April 11, 2017, 05:18:58 AM
Cavs-Heat go to OT in Miami. If Heat wins, Celtics are number one seed
What a nice game, I thought the Cavaliers will win the game, it was a close game that goes outside the regulation. The real highlight for tonight's game was Deron Williams, he played 46 minutes and for a while I feel like he is back to his prime, lol,, the guy scored got double-double with 35 points and 10 TO ( Grin).. I hope this would be a good start for him to build his confidence back, playoff is coming,cavs will surely need him to step up also.

He just score that points because the main scorer of the cavs are out on the game, I think Cavs are interested anymore to the no.1 seed spot because they are avoiding miami heat once Heat jump in on the play-offs spot. As you will notice, All teams that on rank 7-9 on eatesrn conference are all won today, I don't know if that was a coincident or not. But i love watching those teams because they too much effort just to ensure their spot. I wish that miami heat will get the last spot on the east.

Miami against a LeBronless Cleveland Cavaliers and the other teams against the bottom teams from each conference. The surprise was that a overtime was necessary for Miami get the win
379  Economy / Gambling discussion / Re: 2016/17 NBA Season on: April 10, 2017, 10:03:08 PM
Cleveland Cavaliers will sit LeBron James, Kyrie Irving and Kevin Love to their upcoming game against the Miami Heat.

Don't know what's going on but Im sure they aren't forcing their superstars to make some effort to win to their last 2 remaining games as preparation in the first round of playoffs. There recent terrible losses to Atlanta Hawks at two straight games is really frustrating since those Big 3 played so much time and yet they didn't able to get a win.

The starting 5 will be; J.R. Smith, Richard Jefferson, Channing Frye, Iman Shumpert, and Deron Williams.*

*subject to changed

Cleveland lost against Atlanta yesterday, and back to back against Miami before, one without the stars, other with complete team, among other crap results. Also Miami cannot afford a loss if the objective is the playoffs.

I think Miami probably will win, or fight until the very end
380  Economy / Gambling discussion / Re: XII FREE Tipster Competition - sponsored by DirectBet (Discussion Thread) on: April 10, 2017, 07:00:35 PM
Please use my second entry for the competition from tomorrow on.

Also in practice the side competition requires more than 3 bets a day, because many games starts before midnight and only ends after(like NBA games and some of South American leagues games), so they would not count for the 3 bets for either day.
Also some tennis games can be unpredictable about the exact time they start(the schedules say game starts not before X hour, not after X hour), and the length is not easy to determine beforehand.
 
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