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There is a LTC Dust Attack! You probably got a very tiny amount of ltc transferred to your ltc adress! This is called a dusting attack. This attack is used to de-anonymize users who trasfer those dust amounts to another adress. Attacker tracks those dust funds in your wallets. They will try to identify wallets with their users. If they identify user, they can use this for elaborate fishing attack. You can protect yourself from the attack simply by not moving those tiny dust amounts you received. In this case ltc.
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Bitcoin is used more like a digital gold. China is already using bitcoin as a new store of value. (a small amount, but it's a start, cuz they don't have a choice). It's a new gold 2.0 that can move fast. It's not likely that gold or bitcoin is used like a currency. It might but it will probably be the new digital gold. Maybe in the future, satoshi will be used instead of the currency, but that's just my speculation. I think it's more probable that the countries will issue their own digital currencies and all countries will eventually start to use bitcoin as a new digital gold and a store of value.
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I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein. They are loosely correlated at best, and could even be somewhat random.
maybe, but many random stuff like this helped me to predict btc bottom at 3100/3200 before it happened. Looking at a log chart, the current rise is also WAY WAY too soon after the last rise to be legitimate. Why do you think it's too soon? Is it because you are looking at the previous bear market in 2014 which was way over extended because of the mt.gox collapse. You can't base your prediction only on that. I know many people compare 2014 bear market with 2018 bear. Just don't cuz it's a very different circumstances. That's why many of them think it's too soon. It's not. |
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I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein. They are loosely correlated at best, and could even be somewhat random.
maybe, but many random stuff like this helped me to predict btc bottom at 3100/3200 before it happened. Common sense should tell you as the market cap increases, any type of market cycle would have to lengthen as well, leaving you with no possible correlation to any specific months. Looking at a log chart, the current rise is also WAY WAY too soon after the last rise to be legitimate. The Chinese mining monopoly shitters artificially rigged it up from $4k to where it is now in the least aggregate market moves ever seen. I wonder if they're prepared for the fact that it's not possible for this manipulation to stick. Correlation is the summer activity. There is less activity in the summer. That's why bitcoin likes to make a local bottom in the summer. From 7 bitcoin years, 6 of them made a local bottom in the summer. so 6/7. This year is probably going to be the same case. So 7/8 of the btc summers. So this shows you no correlation? I don't usually use any predictions based on the month/year but this is an exception. If you read btc news, let me tell you, dont trade based on the news. You know what they say - Show me the chart and i'll show you the news. The news are tools for manipulating small traders. You can predict many price actions based on the current chart. Let me tell you it's not only about the chinese. Bitcoin would grow even without them. I don't agree that this price action is way too soon. |
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I checked some Bitcoin summer activities from 2012 untill now 2019.
Year 2012 to 2018 (2014 excluded). Bottoms from july to 25th august, (1x june, but it's at the very end of june)
Bitcoin local bottoms included, (2012-2019)
18th august 2012
6th july 2013
25th august 2015
1st august 2016
16th july 2017
29th june 2018
17th july 2019 (for now)
P.S. In the 2014 there was no bottom in the summer, falling until january next year.
I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein. They are loosely correlated at best, and could even be somewhat random. maybe, but many random stuff like this helped me to predict btc bottom at 3100/3200 before it happened. It's not about the yearly calendar. Some of those are not even the real bottoms. I used this because we are in the summer which can influence activity a lot. Just look at the bitcointalk forum. There is less activity in the summer. |
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Bitcoin is outperforming altcoins because the big investors are buying bitcoin and not alts. They can't buy a big amount of altcoins because of a low liquidity. Chinese currency, yuan devaluation and trading wars makes chinese to invest in assets that can store their value. Those assets are gold, silver and bitcoin. But bitcoin is the best performing major asset this year.
If you look at the usd/yuan chart you can see similarity in bitcoin/usd chart. That shows us that some of yuan (chinese currency) is entering in bitcoin. But they are not the only one investing in bitcoin.
There are many nervous stock holders right now. The stock market doesn't look promissing at this moment. Many indicators are showing for a potential recession in the next months. So probably some of their money will go in bitcoin as well. Even if it's only 1% of the stock market money, it will be quite a boost for a small marketcap asset like bitcoin.
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I checked some Bitcoin summer activities from 2012 untill now 2019.
Year 2012 to 2018 (2014 excluded). Bottoms from july to 25th august, (1x june, but it's at the very end of june)
Bitcoin local bottoms included, (2012-2019)
18th august 2012
6th july 2013
25th august 2015
1st august 2016
16th july 2017
29th june 2018
17th july 2019 (for now)
P.S. In the 2014 there was no bottom in the summer, falling until january next year.
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We can see now, why China promoted bitcoins through their bank. They knew what's gonna happen. They devalued their currency. Bitcoin is their safe haven. They don't have other choice. If you look at the usd/yuan chart you can see that bitcoin follows that chart almost perfectly in these days. China devaluating their currency because of the trade war with USA.
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I would like to mention that 1 Satoshi is now worth more than 7 national world's currencies.
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so basically this dude found a couple of cases when price stabilizes and that leads to less fluctuations in hashrate and he is concluding that the relationship is in the other direction! when will newcomers learn that the hashrate changes are the effects of the price change not the other way around.
Yes, the price dump comes first. The miners so called capitulation usually comes after that. This idea originates from 2014. The price of any product is purely a matter of supply and demand. A product 'This should be the real price' can not be commented, should not. If someone wants to buy the demand increases the price increases. Confidence decreases the need decreases the price falls. It's that simple.
True, but sometimes you can predict a higher or a lower demand. In the beginning of a bull market there will be a higher demand. There are rules how to recognize the start of a bull market. Bitcoin new bull trend market started in may this year. That's why there was a higher demand and more buying in april, may, june at the higher price rather than in december at 3200 USD. When bitcoin was worth 3200 USD, this was the best buy opportunity, yet almost nobody wanted to buy. There was a low demand for bitcoin near the bottom. After bitcoin reached 7k and 8k there was a higher demand, even if the buyer had to pay twice as much for 1 Bitcoin. |
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We have BTC why we need another symbol?
It's like creating another symbol for only Ray Tomlinson besides the simbol @ for email.
If you think to represent satoshis (as unit of value) we have already mBTC which works great. The $ sign is same, same sign for cents.
So what will be the purpose for it ?
Well, you know, i expect Bitcoin to increase it's value in the next years. So i think the Satoshi symbol will be more used and more important in the future. I think we already have enough symbols and I agree mBTC is already there so why should we need another symbol for sats? I mean mBTC is there but only few are using it most of us are still using BTC instead of mBTC so why bother creating another symbol? I think you just answered yourself. Because no one is using it. If bitcoin goes to 100k or even higher, satoshi value will be more used. Again, no one is forcing it or replacing bitcoin. No one is saying that this will be official! The thread is about the best satoshi symbol. Why i opened this thread? Simply because i like the artistic side of life and i would like to see some Satoshi symbols. I would enjoy that. No need to be accepted as official symbol. |
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So you are afraid that somebody will change the symbol of bitcoin? That's never gonna happen! This is not the thread about changing bitcoin. No need for that. Don't be afraid.
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That's funny! I had the same thoughts about BS symbol. lol I think it's better to find something else. It would be cool if the BS word didn't exist.  |
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Exactly! Maybe it's an ordinary thing to you, but please show me any other major asset that was outperforming bitcoin in the last 6 months, 1 year, 3 years, 5 years or 10 years. Personally i'm amazed by that.
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https://twitter.com/BitKrabs/status/1156516105734840320 Bitcoin Is The Best Performing Major Asset In the world. If you look at the 6 months return, 1 year, 3 year, 5 year or 10 year return. Bitcoin 6 month return is missing on the picture, currently 202%. There is no better major asset in the world right now! This becomes even more interesting because the fed cuts interest rates right now. The history shows you, when the fed cuts interest rates in similar circumstances, it's a matter of months before the financial crisis starts to show up. Investors will seek for the safe haven. Some investment is expected to go into bitcoin. Because bitcoin is a low marketcap compared to gold, it will probably rise more. Don't forget that bitcoin was born like a phoenix from the ashes of the financial crisis in 2008-2009! The financial crises are actually good for the bitcoin. When the big stock players see that everything is falling except bitcoin and maybe gold, guess what...they will probably invest some in bitcoin. Bitcoin is outperforming gold so it is no-brainer to me.
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