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361  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2017, 10:03:55 PM
Monday ... well, what's the time in Tokyo ?

time to sell .. obviously
Never sell in the weekend.
NEVAAH
never sell at the top , never sell in the weekend .. what's next? never sell when is the full moon?

Unless you're a super pro trader, just HODL.  Otherwise you'll end up throwing away more than you can afford to lose when the price keeps going up or keeps going down in a way that you didn't expect.  Even people who get things right are getting them wrong sometimes, so just HODL or sell little bits at a time.
362  Economy / Exchanges / Re: Can I sell my BTC for USD on Bitfinex? on: May 05, 2017, 09:42:45 PM
Yes you should be able to sell BTC for USD there.
If you have opened an account and if you are verified there, it shouldn't be much of a hassle. To sell your bitcoins you will need to do it in their exchange you have buy and sell orders etc.

To make long story short you have here a youtube video that explains well about how does bitfinex work : https://www.youtube.com/watch?v=zUTCSZ7yuy8

Need more help? Ask! I will try to help.
No no no!

Bitfinex is not processing withdrawals and hasn't been for a while.  The chance of you getting your money out soon is slim to none and you'd have to take it out again as Bitcoin.  You need to choose a functional exchange - the main ones are:

-Bitstamp
-Coinbase
-Kraken

Keep safe.

that is fiat related not bitcoin or cryptocurrency in general.

there is nothing stopping you to deposit bitcoin and trade on their site. they still have a pretty high trading volume which shows people are still trading there. you can also withdraw bitcoin when you are done trading and bought back what you sold.

but forget about anything fiat related. you can not deposit or withdraw fiat. if that is ok with you then go there and do trading!
No one should be trading in a dysfunctional exchange.  Loads of people did it when Mt. Gox was on the brink and look where it took them.  Not very far, let's just say.

Their actual liquidity isn't high at all, and some people (wrongly, in my view) are even arguing that the low liquidity and rush out of there is what's pushing the price up.

If an exchange isn't allowing fiat deposits or withdrawals it might not be solvent.  Since USDT isn't fully functional either it's a very dangerous game.
363  Economy / Service Announcements / Re: CryptoVoyage - The Number One Cryptocurrency Trading Bot - Try Free for 30 Days on: May 05, 2017, 09:27:20 PM
There are already plenty of good crypto trading bots like Gunbot and C.A.T.

Shouldn't you make it clearer what exchanges you're trading on, whether you're trading altcoins or Bitcoin to fiat, what all these options are you're talking about and more before you charge a much higher price than them?
364  Bitcoin / Press / Re: [2017-05-05] Facebook Millionaire & NBA Franchise Owner Believes in Bitcoin on: May 05, 2017, 09:15:04 PM
I think there will be many of these Millionaires and Billionaires that will admit to owning Bitcoin, when it becomes socially acceptable to be

associated with this technology. In the early days and after Silkroad many people did not want to be known that they owned a "currency" that

were linked to drugs and child porn and all the FUD that were spread on the internet about Bitcoin. When they see other people coming out of the

cupboard... they start doing it too. After all... Bitcoin is the Best performing currency and commodity for the last 2 or 3 years now.  Grin
I don't know, a lot of investors are openly opposed to it.  Warren Buffet was pretty brutal with his lack of basic understanding.

I'd say investors will take time to get involved.  Those kinds of crazy returns might exist now, but that's because Bitcoin is not stable and long-term investors are unlikely to view it as secure even though the risk/reward ratio is pretty good.
365  Bitcoin / Bitcoin Discussion / Re: How Lock Bitcoins For a period of time " Deny self access " on: May 05, 2017, 08:35:08 PM
Actually, this would be pretty easy.  You just have to choose someone you trust - a website or online pseudonym is never going to be trustworthy enough to provide this service for you.

Just explain to someone how to set up a paper wallet, let them do it for you and tell them to hide the paper where you won't find it for a set amount of time, not giving it to you no matter what you say.

Then after that time they tell you where it is and you're done!

Not everything needs a dangerous website.
366  Bitcoin / Bitcoin Discussion / Re: Save the Chain! Whale puts $500,000 Bounty up for grabs to miners on: May 05, 2017, 07:52:10 PM
bitcoin unlimited should be called

bug unlimited, how many more bugs?

A limited number.

On the flipside, core has had a fatal bug, known for years, that they refuse to address. This is, of course, the inability to process more than ~250,000 transactions per day.
You mean the one that they've agreed to address through SegWit without screwing over node users by making them download far more data?

BU is one method of increasing transaction capacity, Core's method (SegWit) is another.  For the years that Bitcoin had been running before this hype, I bet you weren't complaining that the transaction capacity was too small.  The block size shouldn't just be increased every single time the transaction capacity does, there should be changes to make the protocol more efficient or partially offchain as well (extension blocks, LN etc), which are better for decentralisation.

Your argument is basically that people shouldn't support Core because their ideas haven't been supported yet.
367  Bitcoin / Bitcoin Discussion / Re: Do Bitcoins have own id numbers ? like money on: May 05, 2017, 07:18:26 PM
The only things that have "ID numbers" (actually not numbers as that might compromise privacy, more like pseudonyms) are addresses,

FALSE.

Transactions also have an ID.

Blocks also have an ID.
I'm fully aware of that one.  The addresses are the only ones relevant to someone holding Bitcoin, which is what the OP was referring to with Bitcoins having their own ID numbers.

A wallet is a collection of addresses that one person controls with the same private key,

FALSE.

Every address has its own private key.  A collection of addresses do not share the same private key.
Sorry.  That was a misconception of mine.
and every transaction also has a public key which can be seen

FALSE.

Transactions don't have their own public keys.  An address and its associated private key has its own public key.
Poorly phrased, not false.  Transactions do have visible public keys, they're just not created for the transaction.  If they were, I wouldn't have claimed that public keys can reveal your transaction history.
(although sometimes public keys can allow people to see your transaction history, so you need to be somewhat careful with those too if you want anonymity).

FALSE.

Public keys do not make it any easier to see your transaction key than addresses.

This is the problem with sig ad participants.  They just spew a load of false nonsense without any effort to be correct or accurate, and without any indication to the reader that they are just making stuff up.  Then others read what they write and accidentally believe them.

Actually, I got that thought from my TREZOR, which claims in the account that XPUBs (which I now understand are like master public keys for the account somehow?) can reveal transaction history.  I'm seriously interested, feel free to clear up any misconceptions that I have.  
368  Bitcoin / Bitcoin Technical Support / Re: Can anyone mine my transaction? Urgent... on: May 05, 2017, 06:42:08 PM
What you need to do at this point is try inputting it to https://www.viabtc.com/tools/txaccelerator/ when you're able to. That should help it speed up to go through within a few hours.
Since you didn't read the post, let me explain it for you. 

The fee is too low for ViaBTC to accept.  I'm pretty sure that they're currently accepting fees of 20 satoshi/byte or more.

OP, there isn't a solution.  Eventually the mempool will reject your transaction and you'll get it back, or it might get stuck for quite a while.

The current fees are through the roof, actually you'd be lucky to get a transaction through with less than $0.5 dollars.  The current recommended fees are 260 satoshi per byte because the network is extremely congested and can't handle the transactions going through it.  Bitcoin is mainly practical for big transactions and for decentralisation / control over your own funds as well as a store of value.
369  Bitcoin / Bitcoin Discussion / Re: Do Bitcoins have own id numbers ? like money on: May 05, 2017, 05:01:48 PM
No.  The only things that have "ID numbers" (actually not numbers as that might compromise privacy, more like pseudonyms) are addresses, which are essentially where people store their funds.  A wallet is a collection of addresses that one person controls with the same private key, and every transaction also has a public key which can be seen (although sometimes public keys can allow people to see your transaction history, so you need to be somewhat careful with those too if you want anonymity).
370  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2017, 03:51:59 PM
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
No reason at all why other exchanges would follow Bitfinex.  Bitfinex is following the other exchanges.  A low liquidity can cause lowered prices relative to other exchanges as well.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
The Japanese yen was near insignificant in Bitcoin before.  Now it represents over half of all trading volume.  That's definitely enough.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Reality.
371  Bitcoin / Bitcoin Discussion / Re: WARNING:network under Massive spam attack. on: May 05, 2017, 03:31:00 PM
Its more then likely some people who are trying to prove that bitcoin need bigger blocks (Bitcoin Unlimited/Roger verr)?

We do need bigger blocks, but such attacks are unlikely to influence people.
They are unsustainable too. Why would you continuously burn money just to prove a point?

They don't burn any money because it's the miners who are spamming the network. They are confirming their own spam transactions so they actually don't lose any money while giving us cancer.

Well played, wutang ju, well played.
They would lose money from sending loads of spam transactions actually.  It would be removing the profit that they would make from receiving transaction fees (with spam transactions, the transaction fees are their own money).


Sort of, but by setting spam transactions they're increasing the fees that people have to use and that often sustains after the attack as the fee market is not very competitive.  Regardless, transaction fees only actually account for a fairly small amount of miners' rewards and shouldn't actually be necessary.

That would also explain why people think that it's the BU side rather than the Core side (as both are offering scaling solutions that would fix the problem).  BU is mainly propped up by Bitmain/mining monopolies in its hashrate, and earning profit from spamming the network could even be part of their opposition to the LN.
372  Bitcoin / Bitcoin Discussion / Re: Just hypotetical and curious on: May 05, 2017, 03:16:37 PM
It's 100% futile to try and ban P2P networks.  If you view all physical commodities as peer-to-peer networks since they're only passed between one person and another, you could compare Bitcoin to drugs.  They're banned, but huge amounts of people use them and governments lose out from taxes they could pull in from just regulating them as well as (in the case of European countries) having to pay for drug addicts' health problems caused by all the crap dealers put in them.

Now imagine that the drugs could be used for medicine, but it's hard for governments to tell whether people are using them for medicine or not.  Now there's yet another reason not to ban them.

Bitcoin is similar to that.  It can be used for both good and bad things but it's hard for governments to find out and near impossible for them to ban, not to mention that it's not even best for illegal activity - Monero is.

Peer-to-peer networks have always proven to be stronger than anything else and even if Bitcoin was banned successfully, a similar cryptocurrency would take its place which is even harder to ban.
373  Economy / Exchanges / Re: Can I sell my BTC for USD on Bitfinex? on: May 04, 2017, 08:21:22 PM
Yes you should be able to sell BTC for USD there.
If you have opened an account and if you are verified there, it shouldn't be much of a hassle. To sell your bitcoins you will need to do it in their exchange you have buy and sell orders etc.

To make long story short you have here a youtube video that explains well about how does bitfinex work : https://www.youtube.com/watch?v=zUTCSZ7yuy8

Need more help? Ask! I will try to help.
No no no!

Bitfinex is not processing withdrawals and hasn't been for a while.  The chance of you getting your money out soon is slim to none and you'd have to take it out again as Bitcoin.  You need to choose a functional exchange - the main ones are:

-Bitstamp
-Coinbase
-Kraken

Keep safe.
374  Economy / Investor-based games / Re: Invest in Koiler's Matched Betting! on: May 04, 2017, 08:01:00 PM
This is not a Ponzi scheme, HYIP or anything illegal. If you google "Matched Betting" you will see it's popularity and coverage especially in the U.K.
It's usually called arbitrage betting, and it's impossible to achieve over 10% per week with that method.  If you're lucky, you could do that in a month.

It doesn't matter how covered or popular it is if you're not doing it, and we can't verify that you are.



It's not usually called "arbitrage betting". Arbing is totally different to Matched Betting, with arbing your accounts will get restricted pretty quickly.

Please don't comment if you don't know the difference between arbing and matched betting.
I stand corrected and I apologise.  10% weekly is definitely possible in matched betting.

Still, a thousand casinos aren't created every minute and many of those casinos force you to wager bets with them before you can withdraw the bonus so it's not quite risk-free, but it is pretty safe.
375  Economy / Speculation / Re: I can see that the bitcoin specualtion sub has matured! on: May 04, 2017, 07:33:27 PM
I have seen this sub in those days, whenever the price of bitcoin rises, some people make very extraordinary speculation that bitcoin is going all the way to 100,000 and 1 million.

But now even when bitcoin is at its all time high , people are making very conservative estimates that is less than 5000$ mostly..


Yup! thats a sign of maturity....

$5000 is 3-4x current price levels. In no other asset class, would such estimates be termed as 'conservative'.
We are still mostly permanent bulls here.
But $5000 is a long-term estimate for an asset class which is new and has a huge amount of potential.  The amount of actual money that would need to be put into Bitcoin for that price to be reached wouldn't be much at all.

Also, there are huge amounts of bears as well saying that it'll drop all the way to $200.  Don't underestimate them.
376  Economy / Speculation / Re: Buy, hold or sell? on: May 04, 2017, 07:18:46 PM
It's very surprising how steady the price rises have been.  The Coindesk BPI has shown a consistent rise in the last few days.

There might well be a correction soon, but this is no pump.  Buying wouldn't be the worst thing in the world.  Personally, I would just wait and see but I certainly wouldn't sell quite yet.
377  Economy / Exchanges / Re: Will you accept cost low as 1%fee to sell you ecurrency? on: May 04, 2017, 06:45:28 PM
Just went through your five posts.

You don't know what github is and you're a giant epay shill.  I didn't realise that their service was so crap they have to hire shills using names as usernames.  This isn't the first newbie account to shill for them either.  All of your posts so far are promoting epay.
378  Bitcoin / Bitcoin Technical Support / Re: 36 hours still unconfirmed on: May 04, 2017, 06:09:11 PM
https://blockchain.info/tx/d7e307b1fae6f5d238666e96279752f29bba803e2ce7338098de23871a6c78fe

This is total horsecrap.  Angry

I've tried the viabtc accelerator route but so far they haven't mined a block yet.
ViaBTC have no economic incentive to accelerate your transaction so all they have is an agenda to increase their popularity among people who are too stingy to set a normal fee for their transaction. 

If you're using any normal wallet, you can choose your fee, and it should be set to the current recommended fee or higher.  In its current state, Bitcoin is not for quick confirmations.
379  Economy / Trading Discussion / Re: Tether.to trading is dead? on: May 04, 2017, 05:10:52 PM
No tether system related to cryptocurrencies will ever be even close to reliable.  However, it does have a trade volume of $40,000,000 in the last day so it's hardly dead yet.  

I'm shocked that it didn't drop quicker than that as money started flowing rapidly out of it.  Frankly, I'm even more shocked that the trade volume hasn't dropped to nearly zero already.

People who want a stable way of avoiding Bitcoin risks in the short term without converting to fiat should probably give up.  No exchange is safe to keep money in for a long time and they'll just have to pick a stable exchange, withdraw the fiat and deposit it again when they've decided the Bitcoin price is low enough to buy back in.

Tether never promised the ability for it to be converted to USD, and that should always be treated as a warning sign even if reputable companies wouldn't do that.
380  Economy / Speculation / Re: Bitfinex Gap $70 Could Be News Coming? on: May 04, 2017, 04:37:23 PM
The gap of Bitfinex is harder to tell than that since each exchange has its own price.

Even reasonably reputable exchanges like Coinbase have ridiculously different prices to Stamp.

It's still shocking how low the premium is though.  I don't think the chances of them coming back is as high as traders seem to think they are.
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