For me Bitcoin is too hard to arbitage because of the super slow to confirmed our transaction (TXID). Well its much more realible to arbitage other altcoin that have super fast to confirmed our transaction like Ethereum (ETH) that its nice to arbitage but as what we see ETH price is always the same in other exchanges
first of all arbitrage doesn't work like that, you don't exactly withdraw and wait for the amount to get there to do the trading, it is so much different approach (google it and learn). secondly when you withdraw you are doing it through the exchange and these services have been paying a high fee (from 100 in times like this up to 300 satoshi per byte when there is a spam attack) according to network so they all get a good and fast confirmation. thirdly altcoin arbitrage with what you describe is so much worse. try it and you will see. you mostly get the problem of most altcoins being in maintenance mode in most exchanges so you can't really deposit/withdraw those with good opportunities. and for big coins that have a running wallet you have the same problem as bitcoin: slow confirmation. yeah when you compare the 10 min block generation of bitcoin with a 10sec block generation of an altcoin you obviously think the altcoin is faster but when you deposit that altcoin to the exchange wallet you will have to wait for much more confirmation (I have seen 100 confirmation requirement for some altcoins) and in the end you'll end up waiting a longer wait. and taking into consideration the highly volatile nature of altcoins, you will end up losing money.
|
|
|
I'm thinking about changing my signature to this maybe that helps with the whole marketcap illusion! [Manipulation 101] Market cap it seems like no matter how many times different people repeat the same thing, in the end another topic will pop up talking about bitcoin "marketcap dominance" decreasing! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
In addition, satoshi invented bitcoins with anonymity as a primary concern,
well anonymity was not the primary concern when creating bitcoin ever as far as I am aware. and we all know bitcoin is not anonymous with all the transactions on the public ledger ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) but you have a good point that I usually say myself too. Satoshi Nakamoto is the symbol of staying anonymous while using bitcoin and it is possible. p.s. Nice trolling OP.
|
|
|
This post should be updated.
Price of 21 BTC today : 27000$
If I am to update the post each time price moves, then the first post will be 100 pages long in a month. however I have decided to update it at least twice a year, meaning every 6 month or so but probably will do it sooner because my main purpose in this topic is to show the long term change of price not each small swing that bitcoin has.
|
|
|
Here are my assumptions about the Ethereum (ETH) blockchain, compared to Bitcoins: -sniped-
very good answer. @European Central Bank it won't have any significant effect on bitcoin. because as I said bitcoin's market "share" is more real than others and as long as things that are creating the demand for bitcoin stay around, there will always be the same realistic market "share" that is also growing irregardless of what other coins are doing. but when other coins go up like this, obviously they attract a lot of attention from everyone who wants profit! so they go there and either succeed in trading and come out with more profit or fail and lose money. again no effect on bitcoin.
|
|
|
each time I see things like this I say poor new members who want to start using bitcoin! they come here, it is full of the same spam, they go on reddit, r/rbitcoin is filled with how /r/btc is ruining bitcoin and full of lies and deceit and they go on /r/btc and see there filled with how /r/bitcoin is ruining bitcoin and full of lies and deceit! and I sometimes see someone asking a basic question and their comment goes to page 3 because everyone is busy upvoting and fighting over pointless arguments that helps no one. and all this time bitcoin network is under heavy attack and miners are enjoying the high fees. so in short thanks everyone from both sides for creating this situation ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
my best strategy is looking at the charts! they give you more than enough information to work with. you can see the price movement, the volume of bitcoin going in and out of the market and how it changes before pumps happen and it increases fast as the pump starts then dies when pump reaches the top and then increases again as the whales start dumping on the market in a couple of steps and again as the newbie panic phase starts afterwards!
in short learn how to see these things on charts. all the news and stuff like that are helpful but nothing is good enough compared to what you can see on a chart.
|
|
|
what ethereum did to the market cap is going to haunt us with the similar questions like this for years to come. OP is yet another victim of this useless factor for comparing cryptocurrencies. there is no other market share that you think bitcoin's is going down. there is only one market for cryptocurrencies and the belongs to bitcoin. the rest of them have some small usages in total. there are ofcourse coins such as monero that because of being old and offering some unique features (anonymity) have some market share. but the rest of them are fake numbers. [Manipulation 101] Market cap
|
|
|
Potcoin? Steem? No BTC? Really? In the past 4 years, what coins have doubled in value every year and maintained that (which is what I think you would need to happen). Take bitcoin. It hit a high around the current price in 2014. A year later is was down to around the $200 mark for almost a year and then started climbing again to where it is now. Cyrpto is not like "real world" investments and you can't treat it like that. So no, not a chance in hell of you achieving your goal. Unless, the world turns to hell and people turn to Crypto. But somehow I think that if the world would turn to hell, most wouldn't even have electricity and/or the internet so not like they could use it anyway.
I hope you are wrong and in 5 years we can look back and see how I did and obviously I have btc, they are not at poloniex and they will not count for the 2M US dollars. then you should mention that in OP, the only information you give us is a picture telling us you have no BTC! in any case this is what I think: ETC: is a good choice, I just hope you have bought it before 23rd. also there are changes in ETH which can cause ETC to become that much more powerful and useful because of the difference it will have with ETH. and the more decentralization helps too LTC: is obvious these days with the SegWit being 100% sure activated. POT: I also don't get this choice, specially 11.7 BTC worth of it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) STEEM: I will never choose this for a long term investment in a million years. the supply is huge and they gave and are giving a lot away so silly and create a big sell pressure.
|
|
|
I have been doing this "strategy" in trading altcoins for a while and it has been successful, so let me share it with you here:
I keep watching the market (automatically of course through an API call) and check the prices periodically. when there are some signs of a pump, I go in and manually check that coin, if I find it on a verge of a pump then I buy it fast and as it rises I find a good point to exit before the first dump. in case I found that coin interesting enough I will buy back after this dump in the dip and sell again on the next high and get out for good. this way I can make a good profit each day if I find at least 2 coins.
the signs are mostly the price rise but then I check other stuff such as the volume for that period or the volume in previous days and the history of that coin's pumps. and finally I look for news about that coin to see if there was anything that led to the pump.
|
|
|
Lately I find it interesting to hunt for the jackpot, 8888, in freebitco.in. I'm really determined to hit it sooner or later. Here's my best result so far: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FmAezdZo.png&t=662&c=NQbD2SpKWPEeiQ) Jackpots were won rarely. I've never come across any person winning a big jackpot placing very minimal betting amount. I too have tried this several times, even when the winning chance seems above 50% have never had a stable winning so to make a better earning. I won it barely before I hit 8878 on my roll. I was really frustated that time because I can nearly won 1btc that time. At the end of the game I lost and lose all my profits from the game thats the cause of frustation ans the eagerness to win that jackpot. I dont understand why you did it, guaranteed lose 12500 sat per bet just for 1btc jackpot which is so hard to get. There are many better jackpot rules where you do not need to pay for on each bet. he is using a rather lower settings meaning losing 13 satoshi to have a chance at winning a 0.001 BTC. it wouldn't say it makes it better or worse but since it is small and you are doing it with faucet anyways, then it really doesn't matter that much. but the problems is never with the numbers and jackpot it is always with the hosue edge when it comes to dice games and this house edge is huge ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
-snip-
As from the last post from the real secondstrade, it seems like he did contacted forum moderators relating to this. it was a bit hard to understand what the real secondtrade's comments meant, and looking at the hacked account it seems like it is already banned, you know since that account has no signature (getting banned automatically removes signatures too). but what I meant was mostly deleting the comment asking for money to that address or any possible similar requests in order to prevent any possible victims.
|
|
|
soon or later all follow suit. it is marketing strategy
there are lots of other ways, easier ways to "market" your coin or to use the correct term: to pump your altcoin. you don't need to start SegWit on your altcoin. and besides it doesn't work on all the altcoins! there has to be some criteria met to implement SegWit, it is not like an interface that you can add to any coin you want!
|
|
|
According to the address that he listed
---
Looks like somebody already sent 0.6428 BTC, so about $820 USD dollar already.
why has nobody banned this account yet!! he is clearly saying "I hacked this account" so I don't think forum admins need any proof when he is claiming it is a hacked account to ban this account, at least temporarily until it is resolved. @real owner of secodtrade if you read this: go to meta board: https://bitcointalk.org/index.php?board=24.0 and start a new topic and ask them to ban your main account and delete the recent posts he made asking for money, and remove his bitcoin address (1E1hYjD...) the red trust others gave is a good measure but it doesn't always work.
|
|
|
No, it is not. They are 2 different projects. To get an ideea about what ethereum is, try to compare the invention of the wheel ( bitcoin ) with quantum computers ( ethereum ).
If we want too use a silly analogy to explain the differences a better one might be comparing two cars. One is a basic model with very few bells and whistles; but, has the best safety rating of any vehicle on the road. The other comes with more options, it has intermittent wipers, a radio and air conditioning; but, it has the lowest safety rating on the road and has been involved in so many accidents it constantly needs to be rebuilt. this is literary what happened here: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FdZ6cmpT.jpg&t=662&c=cnm2BXxk02bpCA)
|
|
|
I do not see that it is hard to determine which site is good site or scam site, many people here comes and reviews them after play with some money. By reading more their terms and policies you might not be able to know it because they can change their terms as they like. What we need to do now is to believe some reviews, but you should do some analyzation too
Me too, defining a gambling web site is scams or reputation is not so difficult, that's what we should do when we start participating in a new gambling site. We can consult people in this forum, hear the comments on that site. You can also search by google, see the reviews. And after consultation everyone, we should also learn a little about that site, go through the rules, terms of the site to understand how it works, avoid being scam ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Looking for reviews and googling will only work for older gambling sites? How about newly announced site where no one tried it before? It will be very hard for all of us to know it is legit or not because it is hard to find some good trusted reviews. Yes the new sites are not reliable in terms of google reviews as in some cases it will show nothing for that new sites and there may be some casinos which will pay the members for writing their reviews and the neutral reviews will not be available so people may be misdirect. The better answer iis in his comment that this forum is better for new casinos. This is probably a limitation of checking gambling websites by searching on google. So I just said that can search those gambling sites on google after consulting with everyone in the forum. As you say, some casinos pay members to write reviews on their site, which makes checking the credibility of a gambling site affected. The best way is to find out about the site yourself and then consult with people on this forum to determine if the site is reputable. to be fair when people around here say "read the feedback" about a site it is usually referred to the feedback that people leave on bitcointalk not somewhere else. specially checking the announcement topic of said service and also checking the scam accusation board for possible open accusations. and also it is the feedback that is left by trusted old members not what random throwaway accounts say. and in most cases you can see bad casinos get caught fast enough by those members that I mentioned.
|
|
|
Marketcap is a useless thing to look at when comparing cryptocurrencies specially altcoins such as ethereum that have a massive supply that nobody knows who are holding them. and the main difference between Lisk and Ethereum in my opinion is that Eth project has many bankers and whales behind it, supporting its advertising campaign with millions of dollars and also use that money to manipulate the price of it while those behind Lisk don't have any of it! and the reason why Eth has "forked projects" is that everyone is looking for profit, and when you stick to a famous coin which is being advertised to death, you can also pump your own project and make money.
|
|
|
I haven't noticed a possibility to login with master address in yolodice before, just got amazed to see this feature which i find quite unique to dice sites.
Will give this a try.
Are you talking to a new feature? what is that ? I'm curious about it, and what do you say is it possible for every gambling site? I'm really excited about it. If in the traditional way, we have to log into the correct address of the site. I hope you can share the method that you just talked about. *Edited* it is a unique feature and a pretty interesting one at that in my opinion because it is using bitcoin capabilities (aka signing a message from your bitcoin address). we are all bitcoin users and playing with bitcoin, so why not take advantage of all that it offers. we shouldn't be using emails and passwords only to recover our accounts it can be securely done with a secure and un-cheatable signature from our keys. I saw once someone suggest this feature added to bitcointalk, so that we can automatically recover our accounts with a signed message instead of manually doing it and taking a long time.
|
|
|
What if my electrum wallets gets deleted or uninstalled from my laptop having bitcoins it it ? What if my laptop get stolen/or its get corrupted and never get opened again ?
Electrum generates you this thing in the beginning called "Seed" it is a set of 12 random words that you should write down on a piece of paper and hide it away. that "Seed" can be used to recover your wallet and anybody can do it. so in case you lost your wallet for any reason, you can install a fresh Electrum wallet and recover the funds this way. the solution for your second question is either not installing a wallet and holding your funds on a device that can be stolen, or make it harder by encrypting the whole thing by setting up a password on the wallet. besides you don't have to begin with $5000 worth of bitcoin! just begin with a small amount, test things and get more comfortable with everything and then buy/transfer the funds to that wallet. also learn more about cold storage. the electrum docs has a good explanation.
|
|
|
I do not see that it is hard to determine which site is good site or scam site, many people here comes and reviews them after play with some money. By reading more their terms and policies you might not be able to know it because they can change their terms as they like. What we need to do now is to believe some reviews, but you should do some analyzation too
Me too, defining a gambling web site is scams or reputation is not so difficult, that's what we should do when we start participating in a new gambling site. We can consult people in this forum, hear the comments on that site. You can also search by google, see the reviews. And after consultation everyone, we should also learn a little about that site, go through the rules, terms of the site to understand how it works, avoid being scam ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Looking for reviews and googling will only work for older gambling sites? How about newly announced site where no one tried it before? It will be very hard for all of us to know it is legit or not because it is hard to find some good trusted reviews. well, new sites either die or become old too. and there are certain things to consider when looking at a new site, for example most of the times, it is the provably fair system since most sites are dice sites! you can go through it, check the details, make some bets and then check the hashes and things like that. then it is a matter of trust. and for that nothing can help except time. time and a lot of players making bets and money that changes hands and how smooth or not it is going to be. and this can be your own review.
|
|
|
|