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3901  Economy / Economics / Re: Why is it always about price? on: April 21, 2022, 06:26:10 PM
When I was drinking my coffee last week, and was reading through my favourite #crypto socials, 90% of the info I saw was about price. #Bitcoin not holding support, a selloff in #XRP coming in, #Chainlink continuing a downtrend pattern, this was a bear trap, we go under 20k,…

Shouldn’t we rather talk a bit more about fundamentals or/and all the positive news happening in the space? When the nights are dark and full of terrors, shouldn’t we bring some light?

Let's see another example: what's more in the news, the price of Tesla stocks and what's Elon doing today, or the work of engineers trying to make better batteries?
The internals/fundamentals are boring, they don't really change, they can't make the news pretty much on the daily basis.
But price fluctuations and speculation? Oh boy! They can fill plenty of pages about that.
And the average Joe doesn't understand nor cares much about the "rocket science". But the news about price are.. also accessible.

Those who really care about the price they can see the charts and that's all.
Even more, those who want to understand a tad more on the price area may have difficulties in finding somebody with meaningful TA articles or posts.


So it's not necessarily "always about price", it's more about the hunger of news writers for.. anything that's changing, interesting and also accessible.

3902  Other / Beginners & Help / Re: spend twice more Bitcoins while waiting the block to be verified? on: April 21, 2022, 12:52:03 PM
So, turns out it will take ~10 minutes to create a block and block includes all transactions. Now, in a situation where I want to buy a grocery from the local shop for 0.0001 Bitcoin, should I wait 10 minutes (maybe 5) so that the seller makes sure that the transaction is valid?

If you spend on-chain, indeed, in order to verify at least one confirmation you're restricted to block speed, which is on average at 10 minutes (it can be seconds, in rare occasions it can be even more than 20 minutes).
If you use LN, you don't have this restriction.

What if I will spend twice more Bitcoins then I have in my wallet while waiting the block to be completed? Thanks.

In theory you can try that, although in reality your wallet won't allow it (eg. if you try from the same wallet). But, since the seller will wait until the transaction is confirmed, he's safe. After one of the transactions in confirmed, the other one(s), trying to spend coins you don't have, will not be confirmed and will also be discarded.
3903  Other / Beginners & Help / Re: How do you do a manual crypto arbitrage ? on: April 21, 2022, 11:43:07 AM
Press Buy/ Market on exchange A and the Press sell/market on exchange B
Withdrawn the fund from exchange A and send it to exchange B then exit the trade on exchange B.

This should be clear, still, from what you've write it doesn't seem so:
In order to sell on exchange B you have to have the coins you're selling and they have to be on exchange B.
From what I know you cannot initiate a trade with coins you don't have.

So, since you don't know what coin will be best tomorrow for arbitrage, you may want to buy the coins, transfer them and only afterwards sell them.

Does volume matter if exchange A volume is 5k and exchange B volume is 100k?

What if the volume on exchange A is 0 and the volume on exchange B is 100k will the arbitrage work?

The volumes do matter because low volumes usually mean that you may not find sellers at A (if A volume is low) or, more often, buyers at B (if B volume is low), making you end up either a bagholder, either one selling at a loss (also make sure the spread on B is not too big).

Can you arbitrage any coin? For example ZIL3S/USD-GateIO 0.379 to ZIL3S on MEXC – 1.81

I will not look at this or that altcoin for you, sorry.
As long as you can withdraw the coin from A and deposit to B, it should work. But usually good arbitrage opportunity for too long means one of the following:
* you cannot withdraw from A
* you cannot deposit to B
* the volumes on A or B are too low (basically dead)

So be very careful. And also take the fees into account (especially withdrawal fees).
3904  Economy / Service Announcements / Re: I open my own crypto site (CMC alternative) on: April 21, 2022, 10:07:37 AM
I fixed some stuff from the page and more important I addeded  new features there.

You know what reminded me that I've seen your site before? The two search boxes Grin
I don't know if it's a bug or feature, still...

The sol is fixed.

Better  Wink
3905  Bitcoin / Bitcoin Technical Support / Re: Missing 5 characters of a private key in Hexa format ; please help on: April 21, 2022, 10:03:37 AM
If you know the expected address and it's is legacy (1*) one, I can give you - either source code, either exe, either both - for an unoptimized app (that was made for a different purpose, but it does the job) made in c# that will search for you.
The image is for only 2 digits missing, but it works for any reasonable range, I've used this data for quick tests: https://en.bitcoin.it/wiki/Wallet_import_format

3906  Economy / Service Announcements / Re: I open my own crypto site (CMC alternative) on: April 21, 2022, 08:47:06 AM
1. You've made a topic about this in February and you didn't seem to fix anything we've said there.
2. The text on the Prediction page tells the same text everywhere and the text is ... about SOL?!

The design is pretty clean, however, this or that small things still make it look unprofessional.
3907  Bitcoin / Mining / Re: Some questions about mining - on: April 21, 2022, 08:10:56 AM
I had some common questions about mining-

The first question you should answer yourself is what's the electricity price on your side and what other restrictions you have (eg. capacity installed).
Another point is the noise and temperature. If you go for actual Bitcoin ASIC miners, those are usually very noisy and also produce heat.

And can I do mining on my personal computer or do I have to have a separate mining station for this?

As said, there's the option to mine with high end GPUs (maybe new CPUs) too, but that's mining altcoins you or the mining pool may sell for Bitcoin, however, since it's altcoin mining you'll have to ask in the altcoins section.
Bitcoin mining is done with Bitcoin ASIC miners. I don't know the prices, but they vary from USB miners (search for Gekkoscience, for example) to actual bigger, more expensive miners.

How reasonable would it be to mine in countries where mining has not yet been legalized?

It depends. What you mean by "not legalized"? If it's not prohibited by law, then it's allowed. So "not legalized" can be actually fine.
Of course, you have to pay for the electricity and stay in the range allowed for your consumption.
If it's disallowed, then you should not go farther than small home mining.
3908  Economy / Services / Re: [OPEN 11 left] [banned mixer] Premium Review and Suggestion Campaign on: April 21, 2022, 07:53:19 AM
It looks like when you when you mix your coins with UniJoin they will send you coins they already coinjoined.

UniJoin seems to behave like a normal mixer, not so much like what you'd expect from a coinjoin (where afaik your coins are mixed with others'). So yes, the link is broken.
Even more, at least in theory, they seem to ensure (or at least imply) that, if you use your initial user code in the further mixing operations you do there, your funds from any deposit of yours don't end up to you. I've done only two deposits, so it may not be so much relevant, still, not bad. I don't know though for how long will this stay valid, since it may depend on the volumes they have and the mixed coins returning to UniJoin as deposits.
3909  Economy / Economics / Re: IMF: War Dims Global Economic Outlook as Inflation Accelerates on: April 21, 2022, 07:42:27 AM
That's US-traded gas, and it went down 10% after going up nearly 100% since January, it was a sudden spike now a sudden drop.
Dutch gas Future (which are important for us in the EU) are almost flat.

Sorry, I guess I've rushed it with the link.
But how about this: European Gas Closes at Lowest Since Start of War in Ukraine (I finally found the original news I've read - in Romanian - and it has the link to this Bloomberg article as source).
I mean even your chart shows the price slowly going down. That should maybe call for the fiat printing machine slow down.

But funny enough, the only energy price that goes down the hill is Russian Oil, Espo is $83.15 and Ural is $77.54 per barrel, now almost 40$ cheaper than Brent as Russia runs out of inventory and ships to sell that. Quite the mess isn't it!?!

While gas is more difficult to transport - all the pipes kinda end up in Russia (and not Rome) - oil has a wider list of providers, and with Germany announcing they'll get rid of Russian oil imports this year, they pretty much forced Russia rush the sales, hence lowering the price (we'll see in December if it was the typical FUD we also see in Bitcoin markets or not, but for now it started to work).
3910  Bitcoin / Bitcoin Discussion / Re: Dormant Address Containing 100 BTC Activated After 12.4 Years When BTC Was $0.08 on: April 20, 2022, 03:10:55 PM
Does someone else as well get bothered by these whale alerts? There are few things that I think can be wrong with these :
1. They attack the privacy of the whales
2. They make the investors panic
3. Might be a key component of manipulation and panic selling
4. It gives no clear information about moving or selling this might give rise to the fake alerts meant for just making people more crazzzzyyyy
At the same time one have to understand that bitcoins is all about freedom, if a person decides to sell their coins, it should be their opinion and at the same time this way the price will be down a bit and everyone knows it's an excellent opportunity for buying.
Let's leave those whales alone focus on the ones like microstrategy as well who are very well versed with being a whale and are providing positive feedback to the community  regarding buying/selling/holding the bitcoins.

I find whale alerts a great tools for creating panic. And nothing more. As people advance from newbie to (hopefully) more knowledgeable, they get bored of random alerts telling.. that somebody may or may not do something (my guess would be that's usually consolidating/reorganizing funds).

Attack to privacy? As long as the address' owner is not known, it's fine. And one knows that we're on a public ledger. I see these alert tools as "blockchain paparazzi" Grin What they provide has basically no value, but the plebs "want to know".

However, nothing we could do. We can ignore them, but as long as newbies continue to come, there's still "market" for that.
3911  Economy / Economics / Re: IMF: War Dims Global Economic Outlook as Inflation Accelerates on: April 20, 2022, 03:03:03 PM
The main cause of projection reduction is the inflation caused by the war on Ukraine.

Actually we're still in the inflation created by the money machine during COVID, which then didn't stop because of the pre-war energy (price) crisis, and now continues because of the war.
I've read somewhere that the energy prices seem to finally be on a downside trend*, kinda back to normal. But did they stop the printing machines? Not really.

Of course, Bitcoin fixes this Grin



* This is just one example I've found now: Natural gas drops as much as 11%, pulls back from more than 13-year high
3912  Other / Beginners & Help / Re: Element of blochchain making poeple to trust cryptp? on: April 20, 2022, 02:55:18 PM
It's more than just the decentralization, although telling "just the decentralization" might sound like it would be something small/insignificant (and it isn't so).
It's also the fact the blockchain doesn't allow entries from the past get modified and it's also the hash rate protecting the blockchain from malicious parties (like double spends).
3913  Other / Meta / Re: Please have a look at this crap (1xBit). on: April 20, 2022, 01:59:17 PM
Much knowledge gained! Such progress!

It's clearly hacked or bought account. Or both.
I have a feeling that this is the history behind most accounts in that campaign.

But, the whole thing is fishy, is there any campaign that has such an amount of accounts that have clearly changed hands and accepted them and paid them despite negative feedback? Look at the behavior of the accounts, they all defend their sponsor going beyond what's normal, you won't see that with any other normal users, and in no way you're going to see the accusations they hurl at others, it's simply a completely different behavior. Plus, a lot of them were getting tagged yet they've never been to meta or reputation to ask why or plea for removal, why would somebody risk an account for a few weeks of signature money that might be over tomorrow?

As for the addresses, this needs to be looked on by somebody with much more experience than me with blockchain analysis but last year when I've been browsing through their addresses I've seen a lot of really weird things, too many of those go through tumblers, and I don't see users who can barely write down a phrase longer than 6 words being able to mix their coins this way.

It would not be unexpected that some of the team members actually own most/all of those accounts, so an analysis whether the money is just circled around could be interesting.


I know that scams are not moderated, but this campaign is more than scam, it's also about spamming the forum, farming multiple accounts, accessing hacked accounts and so on. But... can this be proven? Because without that there may be a dangerous precedent no matter how good the intentions are.
3914  Bitcoin / Bitcoin Discussion / Re: Dormant Address Containing 100 BTC Activated After 12.4 Years When BTC Was $0.08 on: April 20, 2022, 01:24:41 PM
If these bitcoin are old utxo that were actually bought before the hardfork, then I think he deserves some other coin hardfork like BCH, BSV, BTG and that's the double profit that bitcoin holders get. He actually became a millionaire without even selling his bitcoin [only selling the coin hardfork].

The thing is that he will have to be extremely careful if he does that, because he can too easily lose all those Bitcoins for being too greedy and not enough informed.
So better not hurry with that, no matter if the shitcoins may turn to dust until he figures out how to do it right.



I've seen this kind of transactions too many times; they're advertising this or that, I think that one of the first was an ad for Monero Grin
But if you want to make the advertiser happy and dig deeper, nothing stops you (just please don't advertise whatever useless thing to us).
3915  Economy / Trading Discussion / Re: Can newbie become rich with trading on: April 20, 2022, 11:06:31 AM
Anyone can become rich with trading, including a newbie but with terms and conditions.
Before you trade, you should have skills in analyzing the market and choosing the coin you want to trade.
Learning trading needs patience and time to understand the lesson and you must practice what you learn so you can improve your skills in analysis.
You should give time yourself to learn more lessons and get experience from trading itself so you can analyze the market and make a profit.

It's a matter of a lot of learning and also luck. It's a matter of understanding TA and also the psychology behind it and behind every rumor and news coming out.
I don't think that one mastering all this can still be called newbie. Not any longer, by far.

So for OP question the answer is "no".
A newbie will most probably treat crypto trading like gambling where he has a bigger chance to win if he pays a bit of attention to charts. And, if he's careful at the fees and he has entered in a good moment, he will earn some... until the trend changes unexpectedly and loses more than he has earned. Then he will either leave disappointed, either get on to actually learn (and get back to trading when he's no longer newbie), or... start holding...
3916  Economy / Speculation / Re: Bitcoin Major Support Trend Lines on: April 20, 2022, 10:58:47 AM
I've been trying to find an answer to ever since last year but I'm afraid we can only know for sure after the trend changes for good. So far we are in a completely new trend where the rise was much smaller than previous bubbles and we are in what resembles a bear market but only a much smaller one.

Since neither of us is Hari Seldon and we cannot predict what will the world do, we should not invest much energy into trying to find out what's next. History is easier to look back and describe.

As long as the known cycle is still in progress, I don't think that we can predict much. On one side, we tend to expect the history repeat itself, on the other we know that the investment patterns have changed and the charts may look way different. The "so far we are in a completely new trend" illustrates it best: we seem to be on a different trend, but the "so far" part guarantees nothing Cheesy
3917  Other / Beginners & Help / Re: I Cannot Find Any Currency Exchange Where I Am Legitimate on: April 20, 2022, 09:55:34 AM
Any recommendations for a site where I can be a legitmate client

The only options you might have are:
1. Get Rep.Dom citizenship
2. Use non-KYC platforms - you can find here a list: https://bitcointalk.org/index.php?topic=5180421

Another semi-option would be to find an US SMS number you can use (maybe virtual one, maybe somebody helping you out), but that can already be seen as cheating the system (and you don't know for sure if somebody will attempt to use that number to recover/steal your account; also your IP is not from US).
3918  Local / Română (Romanian) / Re: Concursuri/tombole pe bitcointalk (sau pe aprope) on: April 20, 2022, 08:34:10 AM
Sau, pur si simplu, omul vrea sa dea cat mai usor premiul Smiley

Este si asta o varianta, intrucat am vazut ca se umplu cam greu concursurile cu 100 de locuri.
Iar eu nu particip, nu am unde afisa asa tablou, deci mai bine las pe altii. Si poate ca nu sunt singurul in aceasta situatie.
Dar de aici pana la lasat oricine sa faca 100 de conturi si sa participe...

Sa fie cu noroc Smiley

Bafta maxima sa ai!
3919  Bitcoin / Bitcoin Discussion / Re: getting private key from mined BTC for hard fork on: April 19, 2022, 07:14:29 PM
First of all, I am not convinced what you extracted from a transaction, I kinda doubt it's actual private key, but I am not that technical so I won't insist on this.

I want to tell something else: if you've spent long ago those bitcoins, much earlier than the moment of the fork(s), you will have nothing to claim, since the coins are already spent. Fork coins can be claimed only if you had bitcoins at the address in the moment of forking. So there's a good chance your effort is for nothing.
3920  Bitcoin / Development & Technical Discussion / Re: What will happen to Bitcoin Network if the internet shuts down? on: April 19, 2022, 12:40:02 PM
What if the USA decides to shut down the internet? This is the real question!
[~snip~]
And now imagine, the USA is a top bitcoin miner

You're pretty much spot on.
This discussion about internet cut off did initially come off with the scenario of China, Russia or Kazakhstan getting cut off. Yes, I know, officially China is no longer mining. Still, the discussion is pretty much the same.
Just USA will most probably not get cut off alone. A much more plausible scenario can be "western economies" (and their circle of influence) cut off from Russia + China + whoever is under their circle of influence.

When mining was a thing I China, this could have been one of the dangers, but now it's no longer such a scary possibility.
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