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41  Bitcoin / Bitcoin Discussion / Re: Now it's an all out war : Government Vs cryptocurrencies on: July 15, 2019, 06:41:30 AM
you are being too dramatic and have been reading too much "news" and since 90% of these news articles are pure bullshit you are caught up in their fantasy. the reality is that we are still in the phase where they are ignorant of bitcoin or are undecided about it. and most governments have already accepted bitcoin's existence and their incapability to prevent it from being used so they have regulated businesses that want to deal with it including exchanges and merchants.
42  Bitcoin / Bitcoin Discussion / Re: The time of seriousness is disappearing on: July 15, 2019, 06:27:11 AM
Back to topic, when you are predicting about bitcoin price, knowing that it is a speculative asset, then its a known thing that the prediction may or may not comes out to be true. So they have a disclaimer for those who may feel bad about it. Attracting investors in not the right word, rather its attracting FOMO kids to the group and make them lose money when the whales dump. Basically whales control the market. Grin

I wouldn't call it "control", it is more of an influence over the market since they have more funds at their disposal and most importantly because the market is still small with its thin order books on exchanges that still are small.
but they can not control bitcoin market and the over all trend will always continue as it should without anybody being capable of preventing or changing it. for instance we are going to see a higher price by the end of this year and nobody can change it. the only thing whales can do is to dump at times to cause panic and fill their pockets with more cheap coins at that time before market goes back to normal.
43  Economy / Trading Discussion / Re: More Exchanges Keep coming up( benefits or loss) on: July 11, 2019, 08:05:15 AM
actually then number of altcoins has nothing to do with the number of exchanges. the number of exchanges depends on number of users and the demand that they might have. right now the number of users is increasing while the altcoin exchanges still have many issues for example many of the big ones are currently enforcing KYC so you have to submit your documents and also be subjected to a lot of restrictions and other things that most users don't like. so it opens up room for new exchanges to come out and try to satisfy that need. in most cases these new exchanges are bad and eventually also end up going the same rout as others making them obsolete.
44  Economy / Speculation / Re: Will Bitcoin will correct back under $10k or are 4 digits gone for good? on: July 11, 2019, 07:51:13 AM
I am not saying you sell it all. Maybe make some profits out of it so that you can be ready to buy back if the price turns south.
Just leave some to avoid a larger regret. It wont hurt that bad if a sudden increase also happens.
You're absolutely right, but it doesn't always work out well. I'm sure that people have done so already well below the current levels, but have been disappointed because the price went up way higher.

I think the main point is for people to educate themselves on how a market works on a more technical level. Selling, even when it is to secure profits, isn't always the best options and might result in more harm than good.

It sucks having sold at $6000 thinking to have done a great job, to not long after that see how the price keeps pumping further. This is a hodl market until we're seeing clear signs of a bearish reversal.

I would like to add that people also have to make up their minds about what they want to be in this market, a day trader or an investor. they can not be both at the same time and make moves that belongs to either category any time they want.
if they are traders then selling like this to secure profit is always a good idea but a trader has to always be super active going in an out many times. sitting around and hoping is not good for them.
if they are investors then taking profit out after a small rise is silly, they should not be active in the market at all. instead they should only buy the dips and accumulate that way and wait for long term results. which usually means cashing out profit inside bubbles (such as $20k)
45  Economy / Service Announcements / Re: The most important part of investing in bitcoin is timing. on: July 11, 2019, 07:35:31 AM
you have found the link and you are correct about the connection between bitcoin price and the cost of mining but you have made the common mistake of looking at that link in reverse direction. and the result is going to always be you getting to the party way too late because you are looking at the result of price rise and think it is the cause of price rise. it would be like finding the half eaten cake and the empty beer bottles and then conclude there WILL be a party in the future whereas the party is already over and you are seeing the result of it!

False analogy. My system is basically watching someone buy quantities beer and a cake and using that information to gauge how big and fun the party will be Wink

You have used no numbers or logic, simply false analogies.

your history suggests otherwise.
so far you have looked at the price and when it makes a move and is done with it, you come here and predict a price in a direction that is already over. for example recently we had a drop where you started talking about big fall down to a much lower price but when the price drop was already over and we were even starting to rise back up! Wink
46  Economy / Speculation / Re: Bitcoin Will Move up 25 -30x Faster Than Gold Says, Max Keiser on: July 11, 2019, 07:22:22 AM
Most popular faces of Crypto industry are regularly posting their views on the king coin.
just because someone is guessing the bitcoin price more often than others, it doesn't really make them "most popular faces of crypto industry"! it just makes them shadier people who seek attention. otherwise the real experts who understand this market aren't making this many statements every day.

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Bitcoin pricewill move 25 -30 times faster to the upside than Gold.
no shit!
you don't have to be an expert or "most famous face" in this industry to be able to come up with that guess. Gold is old and has an established market that is not really growing that much. bitcoin on the other hand is new and every day it grows as it is adopted more. and we still are in the first step of adoption! so saying bitcoin will rise faster than gold is more than obvious.
47  Bitcoin / Bitcoin Discussion / Re: What gives tether the right to buy our bitcoin?!? on: July 11, 2019, 06:54:29 AM
tether isn't buying bitcoin, people are.

but none of these discussions matter in my opinion. when you want to speculate about what happens to bitcoin when tether goes down then you have to discuss two things:
1. the volume that is coming from bitcoin/tether pair
if compared with volume that comes from bitcoin/real_fiat pairs then it is negligible specially considering the fact that bitfinex fakes its trading volumes a lot.
so the conclusion from this is realistically its death should not affect bitcoin that much if at all.

2. the market reaction.
this is an entirely different beast because we can never speculate how the market is going to react to certain scenarios. for instance we recently had a huge exchange hack (Binance) that they also caused a lot of drama online with their request for "roll back"! many speculated that it will cause a big drop in bitcoin price... but guess what, price went up instead!
the same thing is true in case of tether. we can't predict what will happen, there is a good chance that it will affect bitcoin price by a lot but it can still be ineffective too.
48  Economy / Speculation / Re: Mark Yusko: Bitcoin can go up to $ 30,000 without correction on: July 11, 2019, 06:23:54 AM
in bitcoin market everyone is an expert these days. all they have to do is to look at the current ongoing trend and then make a prediction in the same direction and then look like an "expert" in their own mind. the worst part is the news sites that keep reporting all these people just because they are desperate for articles to draw some traffic to their useless websites and earn some money that way. each day I see a bunch of new names pop up in the news that have become experts overnight and are now releasing speculation statements! for example in this case this guy doesn't even know what "correction" means and yet he is guessing the price!
49  Economy / Speculation / Re: Bitcoin price falls why?? on: July 11, 2019, 06:11:08 AM
you shouldn't try so hard to look for reasons for bitcoin price rise and falls each time they happen as long as they are 1) not so big, like if the rise or fall was less than 10% or 2) they are not taking the price outside of a certain range that is defined by the support level and resistance levels.
for example in this case as long as we are not going in the $10k range or below, there is not so much reason needed for that kind of movement and there is nothing to worry about. similarly as long as price doesn't go above $13k and stays there, there is again not so much to talk about the rise.

these are normal market movement as day traders take profit in their short term actions.
50  Economy / Service Announcements / Re: The most important part of investing in bitcoin is timing. on: July 10, 2019, 06:34:17 AM
you have found the link and you are correct about the connection between bitcoin price and the cost of mining but you have made the common mistake of looking at that link in reverse direction. and the result is going to always be you getting to the party way too late because you are looking at the result of price rise and think it is the cause of price rise. it would be like finding the half eaten cake and the empty beer bottles and then conclude there WILL be a party in the future whereas the party is already over and you are seeing the result of it!
51  Bitcoin / Bitcoin Discussion / Re: remember that time satoshi Created a p2p e-cash sent directly from one party to on: July 10, 2019, 06:24:38 AM
And new forum post like this

https://bitcointalk.org/index.php?topic=5163635.0 Mark Yusko: Bitcoin can go up to $ 30,000 without correction
https://bitcointalk.org/index.php?topic=5162237.0 Willy Woo Reclaims “Bitcoin Will Surely Strike $1 Trillion Market Cap by the Sta  (Read 257 times)

people talking about price and enjoying the profit bitcoin is giving them doesn't have to mean they don't understand bitcoin or accept it as a currency.
for example I am one of those who entered bitcoin when I saw what it offered as a currency that can not be censored or controlled and it works globally without needing any middle man. I remained in it the more I studied bitcoin and learned about its power as a decentralized currency.
with all that said, I still enjoy the profit that bitcoin is giving me and one of the many reasons I am here is the price rise. and that is not in contradiction with anything I said above.
52  Economy / Trading Discussion / Re: Defending against the accusation of gambling on: July 09, 2019, 03:22:06 PM
I believe that part of it is because they look at what majority of people are doing. when they are all gambling, then you can define what they do as gambling too. but in most cases it is only about regulating the market not banning it! and regulations can be a good thing if they are done right. right now bitcoin is regulated in some of the developed countries and because of that, it has been growing a lot faster and easier since people feel safer and have a guideline of how to treat the market.
53  Economy / Speculation / Re: Is Tether Supply a driver of Bitcoin Prices on: July 09, 2019, 03:06:55 PM
no it is not "driver" of bitcoin price because to be that you are basically suggesting that Bitfinex has been printing USDT and buying bitcoin with it themselves! the problem with that logic is that there is going to be no profit in doing something like that for their company unless they dump bitcoin for fiat and it has been years (7 or 8 years?) that tether has been around and we have not seen anything like that.
you can't just have a half cooked theory either. you have to come out and say it, if you think bitcoin price is manipulated on this scale then you must also explain why it has not been dumped for 10 years and still continues rising?
54  Bitcoin / Bitcoin Discussion / Re: Change Bitcoin to Asic Resistant on: July 09, 2019, 09:20:39 AM
According to https://www.buybitcoinworldwide.com/mining/pools/, BTC.com, AntPool and ViaBTC
control 52.4%. That's only 3 pools that could control the network.

those are "pools" not miners so they don't exactly control the mining power and the network. the minute they start showing any shadiness miners are going to pull their hashrate from their pool and move it to another place. not to mention that it can have legal precautions for them.

as for the topic of ASIC resistance, go ahead and introduce another algorithm that is superior to bitcoin's PoW first and then talk about changing to that. but as long as you don't have that algorithm, discussion about such change is moot.
55  Bitcoin / Bitcoin Discussion / Re: My Bitcoin Conspiracy theory on: July 09, 2019, 09:00:09 AM
As we all know, bitcoin and blockchain is made by a single person
no, we don't know that for sure. we are nearly certain about it but it might have been a team.

Quote
which we know originated in Japan, but what my theory is this.
that definitely is not true.
for example I am using the name "Pursuer" but that doesn't mean I originate from Drangleic and carry a big ass sword Cheesy

Quote
1. Satoshi Nakamoto is not a single person but rather an organization or a company. There are some articles ive read which tells that S.N. is not a person but a group of people who uses this name to hide their identity.
saying Satoshi is an organization is just as wrong as saying he is one person.

Quote
2. Because of this, i believe that Satoshi Nakamoto and the manipulators which are the whales, bears and bulls are also one person. We dont know why the market constantly changes or when it will goes up or down but i believe S.N. is responsible for all of this knowing he is an organization that can manipulate prices to whatever he wants.
first of all that doesn't match the characteristics of Satoshi to manipulate the market of what he created to free the world from centralized corruption.
secondly, unlike what you may think, becoming a whale isn't really that hard. and manipulation of the market isn't really that easy. we have lots of whales and manipulators in the market right now, some of them we even know!
56  Bitcoin / Bitcoin Discussion / Re: Serious question about Bitcoin. Is it a reliable and stable investment? on: July 09, 2019, 08:43:10 AM
Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?

i would say the prospects are good. personally, i'm betting the price will be much higher in 5-10 years.

nothing is set in stone though. it would surprise me a lot, but bitcoin could still return to a bear market from here to sub-$3k levels. the odds are low considering the momentum and gains of this rally, but it's possible. keep that in mind when investing with retirement money. usually people put those funds into very conservative investments, not assets that could possible halve in value over the next month.

in my experience in bitcoin market when a trend changes for good, there is no way to change it back no matter what happens. for example in 2018 when we entered the bear market as the year began there was no way anything could change it at all. and similarly right now that we have entered the bull market and have already risen more than 250% in the past 6 months there is no way to change that trend. so I would say with confidence that there is no way bitcoin could enter bear market and drop anywhere near $3k!
57  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Cafe on: July 09, 2019, 08:17:47 AM
In Bangladesh, people are not allowed to use bitcoin or any other cryptocurrency. Govt has declared it illegal. The great news is our current Finance Ministry is thinking over it and we will probably be seen Bitcoin legal in the coming years.

wow, that is one super slow legal system they have over in Bangladesh. first I heard about them banning bitcoin was a couple of years ago. and all this time all the other countries in the world specially their neighbors have been adopting bitcoin. and now that someone has made a different statement they say it takes "years"! I have never seen something take this long to be honest.
58  Bitcoin / Bitcoin Discussion / Re: top industries influenced by blockchain on: July 08, 2019, 11:33:18 AM
the only industry that I can see be affected by the blockchain technology is the banking industry since they first are threatened by the decentralized currency called bitcoin and second they can adapt their systems and take advantage of it to surpass their competitors.

I read that article and almost all cases mentioned there aren't using the blockchain technology at all. for instance under advertising it mentions Brave browser, they are not using the blockchain technology. they only raised money through an ICO and they are handling transactions through cryptocurrencies. you can't categorize that under advertising and call it usage of blockchain. if anything it is using cryptocurrencies for payment which is the ONLY usage.
59  Bitcoin / Bitcoin Discussion / Re: Willy Woo Reclaims “Bitcoin Will Surely Strike $1 Trillion Market Cap by the Sta on: July 08, 2019, 10:39:37 AM
basically this dude is saying bitcoin is going to reach about $50k-$55k price which is one of the most common guesses among the price guessors who call themselves "experts" Cheesy
It's a safe bet. I think that these perma bulls are realizing that predicting ridiculous price levels isn't helping them to gain any recognition, therefore play it safe and increase the probability of being right.

News outlets don't care-- the moment we see Bitcoin's market cap hit a trillion dollar, they will refer to this guy as the expert who correctly predicted this move. I'm quite sure that this is what these people are after.

I remember how CNBC last year referred to Ran Neuner as the expert who correctly predicted the price to drop a lot, while this guy was just blindly guessing. His second prediction was far off because he ran out of luck. Cheesy

exactly!
I have said this many times before. these people are good observers! they know that the media is filled with idiots like them. when they predict a price for bitcoin, if they are wrong then they are just one idiot among thousands and nobody would either care or remember. but if by pure luck their shot in the dark hit the target, they will start their campaign of "I told you so".
but the good news is that such "fame" has never lasted for more than a week or two Cheesy
60  Bitcoin / Development & Technical Discussion / Re: Get list of all addresss, hash160, amount on: July 08, 2019, 10:01:53 AM
I need list including address & hash160 & balances

then you have to build one yourself to have what you want and also have the "updated" version since it changes every 10 minutes on average.
start running a full node and after you synced completely with the network and got your complete UTXO set, start looking up each UTXO inside your database and see what output script they are related to. then read each script and convert them to their respective hashes and corresponding address which can be different types, and create a new database which you can search.
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