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3921  Bitcoin / Bitcoin Discussion / Re: Buying a bar with bitcoin on: January 13, 2018, 03:02:40 PM
if owning a bar and running it is something you like as you said "it is something i wanna do", then go for it. you don't have to sell all your bitcoins. sell some of it and get the rest from fiat.

you can even use your bar to earn bitcoin!
i would seriously think about this if i were you, you can start accepting bitcoin payments or even design a nice QR code for "tips" in bitcoin and hang it up above your bar.
3922  Economy / Web Wallets / Re: Discrepancy about a transaction in blockchain.info and Insight on: January 13, 2018, 02:52:18 PM
blockchain.info changes their node settings quite often! despite being a block explorer they have always been doing weird shit like this. they reject a lot of transactions instead of showing this.

i wouldn't be surprised if they set their minimum fee to something above your fee, like 100-200 satoshi/byte!

your transaction is apprently already confirmed but for future references the solution for using viabtc in case they didn't see your transaction is pretty simple Wink
submit your transaction with them: https://pool.viabtc.com/tools/BTC/broadcast/
they too are running a node which you can push your tx to. just copy your raw transaction and paste it in the link above and broadcast it. they will see it even if noone else does.
3923  Alternate cryptocurrencies / Altcoin Discussion / Re: 🔥While you can't prove Roger Ver is simply a greedy person I can prove BCH >BTC on: January 13, 2018, 02:41:29 PM
the thing you will continue to fail to understand is that 1 MB being bad, mempool being big, fees being high, and 1000 other things will never make bitcoin cash a good thing.

it is still a centralized fork controlled by a certain group of people with lots of money and mining power who chose "8 MB" instead of a more logical approach to pump it easier while making it impossible to spam attack it while they are pumping it for about a year. and meanwhile bitcoin blockchain with 1 MB blocks is still 20 GB bigger than BCH blockchain!!!
3924  Economy / Speculation / Re: Spazzdla's TA, Jan18th ish shit's going down on: January 13, 2018, 05:12:42 AM
Any reason, outside the technical analysis, to choose that date?

Yes, he does not even know how the market works, and no, the price is not going to crash so do not worry about that. And the recent dip was just because of the huge fud and manipulation, they wanted to enter the market at a -10%, that is why it dropped. Now it is going up again

After watching the price go from $70 to $1200 to $200, you have no idea how bad it can get.  The idea the price cannot crash is a joke.


It makes no sense to compare the 2013 crash (as well as the 2013 pump before the crash) with the current circumstances.

for a 90% correction, bitcoin would need to suffer from some serious problems at the protocol level. Forget about governments banning it and so on, that wouldn't cut it at all, it wouldn't be enough to cause such damage. I don't get why there's people in here waiting for another MtGox, it just wouldn't happen. The MtGox situation was unique, we are talking about how the entire market depending on a single centralized exchange that failed, this can never happen again.

if anything can cause a big drop followed by a long bear market like 2013, then it is the high fees that bitcoin currently has. which is causing bitcoin to lose market dominance.

people always focus on market cap as dominance which is absolutely useless. but the real market dominance of bitcoin has always been the merchant adoption of bitcoin as a currency which helped with the more adoption and the rise so far. in fact the big rise of 2017 was initiated by Japan adopting bitcoin as a currency.

with high fees bitcoin is losing (and will continue losing) merchants and with it market dominance. and the damage may not even be only to bitcoin but to the whole market. imagine merchants accepting an altcoin and that altcoin fails too. either a simple high fees like bitcoin or worse a bug in it which leads to millions lost. (both happened already with ETH for example).
3925  Bitcoin / Bitcoin Discussion / Re: Do you use any bitcoin forecast? on: January 13, 2018, 05:04:03 AM
i check out TradingView.com from time to time to see what the analyzers are saying about the market but i never put too much thought into any of them because most of all analysis doesn't work in general and it works even less for bitcoin and secondly because many who make an analysis are too "imaginative" about the future. so i prefer to use them as a guideline to get a feeling about how most people think about the market's future.
3926  Economy / Exchanges / Re: DO YOU ALSO EXPERIENCE THIS ON BINANCE on: January 12, 2018, 04:33:11 PM
it is most probably a socket problem thing. if i am not mistaken when you visit these exchanges there is an open socket with them which is receiving lots of data constantly. when you visit a page (like the BTC/ETH market) which is more active and have deeper orderbooks, you are receiving a lot more data constantly updating charts, orderbooks, history, and even other coin's prices,... that takes a lot of your bandwidth and if your computer is slow (like having low ram) it will be more obvious.

some exchanges add an option to limit the rate this is updated. unfortunately i don't see it on binance.
3927  Economy / Trading Discussion / Re: Bubble Burst ? on: January 12, 2018, 04:08:58 PM
divide and conquer is a better approach Grin

divide the money you have into different amounts. sell some to have some money at hand to buy the dips. this should be small since using exchanges is risky.
set some apart for cold storage to hold long term and don't touch. this can be bigger because of long term potential and again since exchanges are risky.
and finally set some for trading. buy the coins you like and make profit from them and then move the profit away in cold storage or if it is big enough divide it again (sell store trade)
3928  Economy / Speculation / Re: Why bitcoin is called and valued superior still? on: January 12, 2018, 03:57:03 PM
all of these altcoins have lots of issues. none of them are "superior" in any way. the problem is, they are not used or reviewed so their problems stay hidden until they gain some popularity so that "smart eyes" start looking at them and see their issues.

for example many altcoins have been advertised to not have the scaling problems of bitcoin. like ethereum. but when the reality hit, we saw that the problems are even worse for them!
now ether guys are promising a fork that will solve the problem that was not supposed to exist according to their advertisement!

that is the biggest reason why bitcoin is staying superior. otherwise if these altcoins were good for real, they would have replaced bitcoin already...
3929  Bitcoin / Bitcoin Discussion / Re: KFC to accept Bitcoin! on: January 12, 2018, 03:41:25 PM
the timing of this news is pretty strange in my opinion!
all this time that bitcoin was working fine they didn't adopt it and now that the fees are high they have started accepting bitcoin payments?

i mean i am all for spending my bitcoins and the merchant adoption, heck i have spent a lot of times online paying for stuff with bitcoin, but now that fees are ridiculously high i am not willing to spend my bitcoins. i moved to strictly trading only and cold storage hodling.
3930  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Hold? on: January 12, 2018, 03:16:45 PM
i am convinced that most of the transactions we see in the mempool are spam attack transactions possibly done by the miners themselves to increase their revenue by creating a fee competition that increases it. with more mining decentralization this will stop and also they can't keep it up forever.

and as you can see bitcoin is holding. you may not see the rational behind it but that doesn't matter, it is happening. that is what matters.
3931  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin "Mainstream" yet? The poll. on: January 12, 2018, 03:05:32 PM
it is getting there, i voted NO but my answer is somewhere in between yes and no.
there are surely a lot of talk about bitcoin but considering things globally i say there are still a lot of people in different countries that have not yet heard of bitcoin. and recognition and coverage and in short "talk" is not enough to call it mainstream adopted.

it is adopted when they invest in bitcoin and start using it.
and i still consider main part of this adoption as when merchants start accepting it.
3932  Economy / Trading Discussion / Re: Why altcoins traded in Bitcoin and not in $ ? Tricks to save money during drop on: January 11, 2018, 04:06:38 PM
1) I would like to understand why altcoins are traded in Bitcoin and not directly in dollar ?  Huh
because the demand is for bitcoin not for dollar...
in other words people are trying to directly increase their BTC and also because trading with a cryptocurrency (deposits withdrawals,  AML/KYC) and all that are easier.

Quote
it's really a problem that almost all of altcoins depend on Bitcoin price because when Bitcoin price drop, altcoins drop too and conversely (that's what happening right now) ...while if altcoins were traded in dollar, each crypto were independent...

If tomorrow Bitcoin totally crash , altcoins will crash too...
they don't depend on bitcoin price, altcoins are a side product so they can not function alone. when bitcoin has a drop they drop as a side product.

also it is because traders are still interested in bitcoin not altcoins. when bitcoin drops they take their money out of altcoins and put it in bitcoin market. it can be buying the dip or shorting bitcoin while it is dropping. but in any case alts drop hard because of it.

Quote
2) What are your tricks to keep monney when bitcoin pump and dump ?
stop holding altcoins so you don't lose money.
only trade altcoins while they are going up. in your example trade it when it is the time to go to $2.

check the history of altcoins, almost all of them rise in a couple of days.
3933  Economy / Trading Discussion / Re: coinmarketcap off ? on: January 11, 2018, 03:25:55 PM
How can I know the real market prices ?

you should ask yourself "why do i want to know these prices?"
the answer you give to this question will guide you on how you can get the real price that suits your need.

for example you want to know prices in order to:
- just know them and see how much everything is worth.
it doesn't matter what you use, you can get the price from anywhere since the accuracy doesn't play a role here.

- to know price of every single token and see what is performing well and what is performing badly that day.
in this case coinmarketcap and all the alternatives are good options as long as you can get ALL the coins information in one place. it is used to do some initial analysis on the market and see where the money is going to.

- to make trades based on recent price
for this case accuracy is the important factor so you can not use places such as coinmarketcap.com and alternatives because they update their prices with a big delay (5 minutes in this case) and for trading you need live price.
for this you should use the exchanges themselves either check the place you trade in or open multiple windows and watch different exchanges (or use their APIs in a program to fetch the prices)

- there may be more cases that i can't think of, feel free to tell us why so we can help better.
3934  Economy / Economics / Re: Do you think bitcoin redistributes wealth or just makes the wealthy richer? on: January 11, 2018, 03:17:30 PM
as far as price and the profit of investing in bitcoin goes, what OP is asking is like asking whether Microsoft, Apple, and lots of other companies with stocks that went to the moon distributed wealth!

obviously some people make a good amount of money because they were wise enough to see that potential that regular people fail to see in things. and also they took a very huge risk when they became early adopters and this risk is something that people usually forget when they talk about this group.
if anything bitcoin is wealth and some used it to have a bigger share of this wealth than others.
3935  Economy / Economics / Re: Trading Conspiracy Theory - Bitcoin on: January 11, 2018, 03:06:33 PM
not only this is true but also this has been happening for a very long time. and it is not just Wall Street dudes, it is every person or group with any kind of power and the ability to manipulate the market in any way, they will take that opportunity and use it as much as they can.

bitcoin is not really that small anymore, they can buy large amounts of it and considering the potential of another huge rally this year anyone is tempted to do this kind of manipulation.

the smaller versions are idiots who create throwaway accounts to call bitcoin "Ponzi" scheme each time it gets a dip, and a bigger version is people like Jaimie Dimon calling bitcoin fraud and other stuff each time he is on...
3936  Economy / Speculation / Re: Is Bitcoin Price will go up or down? on: January 11, 2018, 02:57:06 PM
neither or both!
for now we can expect the same price more or less for some time and only enough fluctuations for day-traders to make some profit from the swings. i feel like there may be some uncertainty among general investors and that makes them want to wait and see which way the market is going to go before investing so we are going to have sideways for some time...
3937  Bitcoin / Bitcoin Discussion / Re: Bitcoin is asset, not currency. on: January 11, 2018, 02:45:48 PM
the banks and the government always want to call bitcoin something other than a currency. they will do anything they can to prevent bitcoin from being a currency because if that happens, their business and livelihood will be threatened unless they act fast and adapt to the new situation and the world with a decentralized cryptocurrency out of their control.
3938  Bitcoin / Bitcoin Discussion / Re: Bitcoin drops $2,000 in value as South Korea announces planned trading ban on: January 11, 2018, 02:36:05 PM
to be fair no "plans" on banning anything came out though. there was just some talks about possibly maybe ban trading cryptocurrencies.

and it is always this way, some vague news comes out with a clear title saying they plan on banning or something like that and when you look at the reality you realize that it was just some guy talking about it.
the actual bans don't make that much noise anyways!
3939  Economy / Trading Discussion / Re: Would like info on Cryptopia on: January 10, 2018, 04:06:35 PM
Going back to the original question, is there an alternate place to buy smaller known cryptos like ONION? Another one I'm looking for is ENG but struggling to find that as well. Thanks.

whenever you want to find exchanges that have a particular crypto currency that you want to trade, you can always use websites such as coinmarketcap (there are a lot of these actually) and search the name of the coin. they always have places where you can trade them.

example: https://coinmarketcap.com/currencies/deeponion/#markets

you can also use google to find the announcement topic of the coins and in their topic there must be a link to the exchanges that have the coin listed.
search something like this:
Code:
ONION coin site:bitcointalk.org
3940  Economy / Economics / Re: Do banks have and advantage over cryptos because of the multiplier? on: January 10, 2018, 03:20:44 PM
As you know, banks can lend more money than they have in deposits, however you currently cannot do that with cryptos. Do you think that it is a decisive advantage or it could be somehow countered?

well to understand this you first need to ask yourself how are banks lending more money than they have in deposits? and the answer is because people don't cash out! they don't take the loan in cash. for example if you buy a house with a loan you transfer the money into the other person's bank account. everything is done digitally and within their system.

now how can we do that with cryptocurrencies? it is simple, you run a banking system that works with cryptocurrencies! look at coinbase for example. if you deposit you become owner of an "account" that has some BTC associated with it. you can then pay other coinbase users some BTC and no BTC ever changes hand. it is just numbers going around inside their database = banking system. you just have to add loans to this system...
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