I will be rolling out my own paid & "cheap" transaction accelerator service if there are more people who needs this service.
you can only offer this service if and only if you are running a mining pool or are solo mining bitcoin. which one are you doing?
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now that price has gone up once more, everyone is starting to wish they were a #BitcoinHodler but only a few are true Hodlers like me
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I don't want to move Tether between chains, I want to send Omni layer Tether to Omni layer tether.
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I have never used Tether outside of exchanges and I wanted to send a small amount to my mobile wallet (Coinomi) and I am wondering how that works?
The wallet has created a new address for me that looks exactly like a legacy bitcoin address (starting with 1) which I get since it is Omni layer but I don't know how to spend the USDT from this address after I received it, - Are the transactions taking place on bitcoin blockchain? - Do I need to also have bitcoin in that address to pay the tx fees?
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i have noticed that the views differ a lot among people so i guess everyone has to hang around long enough to gain their own experience and make up their own mind.
for me, i treat this whole altcoin market as a small side product of bitcoin which is very similar to penny-stocks market too and also i see a ton of manipulation in the altcoin market that is the dominating force in determination of their trends and final prices. so i prefer to see altcoins as their true nature which is pump and dumps and my purpose of involvement in this market is only profit on my bitcoins which is why i only trade altcoins in short term.
this is also partly because i have not seen any decent cryptocurrency project for a very long time.
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in fact investments in ie and should be guaranteed by the exchanges that offer them, that's why one have to do them only on exchanges of absolute trust (for me binance over all)...
Binance or any other exchanges that are selling you these useless tokens do NOT guarantee anything, they are just getting paid by the real token owners (fund raisers) to list their token on their exchange and advertise it to their gullible customers to raise them money and in this process get a hefty fee out of that deal and also get a lot of fee from people dumping that token since it is still an exchange platform and trading costs fees.
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two important things that you should remember and is not mentioned here when bag holding altcoins is that first of all there is a good chance that you are going to lose a lot of money as that coin drops in value but that is mostly a speculation related answer so i won't get into that so much. another problem is that many of these altcoins have big changes which means you have to stay on top of everything if you don't want to miss anything. for example there has been cases where you had to go and convert your old tokens to new ones in a time frame and if you didn't do that, you would have lost all your funds!
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your scenario is a little bit off the mark from what really happens in reality. it is like this, you see some altcoin getting pumped but you hesitate to invest in it. then come here and ask why it is going up and people give you some answers. you don't buy and come back later in a week or so and see that altcoin is crashed and is worth less than before you saw it.
that is what pump and dumps look like in the altcoin market and that is what has been happening every single day for the past 10 years. when you see a shitcoin pumping you have to jump on board and you also have to dump and get out before it is too late. waiting around or getting it too late will lead to losses.
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that is one of the smaller factors affecting the market. the main reason is simply because bitcoin price is stable! like always whenever bitcoin stopes being "exciting" some of the traders move their funds over to the pump and dump show to try their luck in doubling their money in short term prior to the next bitcoin move. this is why altcoins get dumped every time bitcoin price starts rising up.
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not completely but they are getting there. the problem was never about scams or their name to fix it by changing it to IEOs. the problem was that people were "investing" in these tokens to make profit, then the result was that each and every token that was created turned out to be a complete shitcoin and crashed and burned so they lost money instead of making profit in most cases and in all cases when it came to longer term (more than 2 or 3 months) the result was a big dump. as a result everyone started giving up on the illusion of profit making from token sale and started seeing the truth of it which was "fund raising for the developer and them being the winners only".
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this was a clear proof that BitcoinCash is centralized as there are entities controlling a huge portion of the hashrate.
the absurdity of this attack was that they reversed a transaction that they enabled themselves. in case you don't know the full story here is the short version: 1. a hard fork to make certain outputs spendable 2. a miner (which was unknown and not among the centralized powers) was faster than the centralized power and spent those outputs that became spendable with the fork. 3. the centralized powers got mad and reversed that miner's transcation (orphaned his block) and kicked him out.
BCash was centralized but still kept its immutability, not it is no longer immutable either.
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i don't see anything new here. the article is rehashing the same old stories with some vague arguments here and there and the author probably has no idea what is going on in China. from day one it has always been legal and safe to trade and hold bitcoin without any problems and 90% of the news that has the word "China" in it is mostly fake news coming from the imagination and exaggeration of the news sites to get more traffic.
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I also discussed that with this threadI think everyone might remember that it always happens every halving, even dismissing the hypocrisy that every bitcoin price jumps sharply over a year after halving, the incident has happened up to 2 times since the year 2012 - 2013 2016 - 2017 I think it's possible next 2020 - 2021 the "history" is going to be a strong factor this time. if it were last year i would have said there is no reason for its repetition but now i say this with confidence because last year it was proven that people want the history to be repeated otherwise there was no reason to have over a year of bear market with 85% drop. it only happened because people kept comparing it with last time and wanted it to repeat. it will be the same for halving too. they will repeat the same thing for the same reasons and when the momentum is gained it can not be stopped and we will see at least $100k this time.
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there is always people who are too gullible and believe anything they hear. that is the bread and butte of the scammers, they fool them into believing anything they tell them and build a hoard for themselves to pump the coins they had bought before and then dump on that hoard of idiots. that is how they have been making money all this time.
why do you think there is such a gigantic distance between bitcoin and the rest of the altcoins? it is because bitcoin is the real deal and it keeps rising up but altcoins get pumped for a while and then end up dumping eventually. bitcoin forks are the cheap version of pump and dump altcoins.
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technical analysis has never worked for any of the altcoins, specially those that rely on hype and pump and dump so there is no reason for that to change now and suddenly start working for them now. your analysis here isn't that good to begin with either in my opinion. currently there is a nice stability to bitcoin price and everyone is starting to pump the altcoins as the money is now moving to altcoins to increase before bitcoin starts rising again and altcoins get dumped hard again. so there is a good chance that ETH is among the list of coins that soon are going to get pumped but for now other hyped up coins are taking all the attention from day traders so there is not much money left for ETH.
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ETH has such a huge supply and a big centralized power behind it that it won't just die that easily despite all the issues that it has. for now it will remain on top and will be pumped some more as the pumpers want their profit out of it to be able to enjoy the pump of other shitcoins. but the thing is, when you pump and dump some coin this much and also as the coin has a lot of issues, that coin can not survive in the long term so eventually it will start going down in the list. after all there has been many other altcoins that took the second rank in market cap over the past 10 years and each have the same fate.
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there is no official schedule for altcoin pumpings where you can simply look at and see which one is the next! they are randomly chosen by different pumpers and they first buy the shitcoin themselves and then fool their followers into buying it to pump the price up artificially. and so far in the past 10 years of altcoin pump and dumps there has never been a single case where anybody could ever predict these pumps before they happen. all you can do is to maybe guess them when they are starting because the start of the pump (when the pumpers are buying themselves) has some signs that can be seen on the charts.
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these small rises are nothing, Binance has been trying to pump their token for a while now. in fact they started pumping it seriously ever since they came back from their hack because they now have to make back $50 million dollar that they lost in the hack and the best way is to take it from their users by pumping their token and selling it to them as they create it out of thin air.
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you just have to be careful not to believe everything you read online these days. 90% of the social media consists of scammers trying to pump some shitcoin they are bag holding and to do that they will tell you all kinds of lies. the news sites aren't any better either, they may seem more legitimate since it is a website with a big name but they are worse because they are also desperate to earn money and to do that they have to keep publishing things that don't even exist to get the traffic coming.
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