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4461  Bitcoin / Bitcoin Discussion / Re: Good News on: March 28, 2018, 10:46:24 AM
There will be no pump untill the majority of the get rich quick noobs have been shaken out, accept that. Dumb money needs to exit first, and then re-enter at way higher levels, and then get shaken off again, that's how this market works. I don't even understand why people keep fussing about the crypto ads, that for +90% were being utilized by schemes and other low level garbage.

Noob sentiment; will Bitcoin survive?
Get rich quick sentiment; can this shit fucking go up already?!
Holder sentiment; I'm already looking forward to 2020 and beyond.
4462  Economy / Speculation / Re: What should we do now? on: March 27, 2018, 06:47:41 PM
All we need to do in sake of bright future for bitcoins, we should keep our faith and must remain calm without listening to FUDs nor spreading FUDs.

It doesn't really matter what you say, because people adjust their mood based on how the market performs. If you keep telling them nothing will happen, the price will go up, while the price has been going down for a longer while, they lose confidence because you are wrong, and the short term market proves you wrong as well. As soon as the market keeps going up for a good while, people will then break out of their shell and start gaining confidence automatically. It has been like that years ago as well, and nothing has even slightly changed in that regard. Reality is that we went up far too much, and now we're slowly but surely falling back to a point the market is actually willing to support the price again, which has been lacking for months. Ranges become only lower and lower, and that perfectly highlights the lower demand. Without a bullish trigger, we may dip below the $7000 level, to potentially test the main bottom.
4463  Bitcoin / Bitcoin Discussion / Re: felling depressed for holding bitcoin :/ on: March 27, 2018, 12:45:08 PM
Its very depressing to hold any cryptocurrency at the moment as the prices are taking a dip as time goes by

It's very depressing for get rich quick noobs, because they don't get what they are looking for, and rightfully so. If you blatantly buy at near peak levels and expect it to rocket up even further, you simply don't understand this market, and the law of supply and demand. Holders aren't complaining, you know why? Because for them nothing really has changed. Technically, people holding 10BTC for example, haven't gained anything other than on-paper value throughout the years. In other words, whether your coins were worth $1000 in total some years ago, or almost $80,000 right now, there is no difference if you don't plan to spend or sell anything in the coming years. People need distance themselves from being so fiat centric. It would help them become more resistant to short term fluctuations, and only focus on that what actually matters, and that's the long term outlook.
4464  Bitcoin / Press / Re: [2018-03-27] Bitcoin Slides Again, But Brief Rally May Be On the Cards on: March 27, 2018, 12:16:04 PM
Why do people constantly think that certain events are responsible for the price to go down? It's almost like people think it's impossible for the market to move on its own, which is obviously wrong. If we look at the market's perfomance in the last few months, then it's obvious that the speculative demand is gone. In other words, we are on our way to discover the 'actual' non/less speculative price. People may not like it, but the market doesn't care. From $1000 to $20,000 isn't a joke, and definitely not sustainable, that we are experiencing right now. My personal guess is the 'actual' non/less speculative price hovers between $7000 and $7500 (said the same when the price was much higher), which for now seems to be the case, but for how long? Roll Eyes
4465  Bitcoin / Press / Re: [2018-03-26]Twitter Joins Facebook, Google in Banning Crypto Coin Sale Ads on: March 27, 2018, 11:26:44 AM
That is the reason of today’s decline of a cryptocurrency.
No.

We expected more soft position from Twitter
Who is we? Twitter is following the same path as their fellow social media competitors.

Main reasons for social media platforms to do this;

1. Multinationals threatening to boycott social media platforms if they don't update their ad policy.
2. Social media platforms do this to avoid legal problems, because they are the one showing their users these ads.

if it is remembered that Dorsey have a positive attitude to blockchain and cryptocurrencies.
His personal preference is meaningless in this case. The shareholders decide, and with the aforementioned points in mind, they have no choice other than to do this.

There are no more platforms where new projects can advertise themself, the last one place – bitcointalk.
No need to be emo. If you seriously believe that only Bitcointalk is left, you are very short sighted, and you very much underestimate the free market nature. Other platforms will emerge and fill up the gap left by these social media giants. Bitcointalk will directly benefit from this development as well. And at the end of the day, what services did you see advertise themselves? It was 99% ICO, rogue investment platforms, cloud mining, etc. I haven't seen many actually legit advertisements in the last years.
4466  Economy / Economics / Re: Bitcoin Mining Costs Throughout the World on: March 27, 2018, 10:40:30 AM
This article doesn't take into consideration that large scale miners purchase insane amounts of megawats, which means that they can demand the power supplier to lower their rate significantly compared to standard/average rates. No one is going to set up a mining farm and just let it run on the regular power net, that would be stupid and totally not profitable in most cases. Another aspect is that the countries offering fairly low base power rates, are mostly those who are incapable of delivering miners the consistent flow power they so badly need. Venezuela might be the cheapest in this example, but they will never be able to supply miners with the power they need. This article is set up in a very simple way, which in no shape or form applies to the actual cost the larger farms need to mint 1BTC.
4467  Economy / Economics / Re: HODL mentality destroys the currency aspect of Bitcoin on: March 27, 2018, 08:50:46 AM
Yeah you said it right hodling and keeping Bitcoins for investment is not a joke because it is opposite on what Satoshi the founder and Bitcoin he want it to be.
It may sound a bit harsh, but Satoshi's 'vision' doesn't matter anymore, and it has been like that for years.

Sad reality but we cannot control anyone they can do whatever they want with their Bitcoins.
Why sad reality? Bitcoin offers people the freedom to do whatever they think is needed with their coins. Even if it's to buy drugs with, it's their choise, and their value.

Though they really don't understand or maybe they just grab the opportunity where potential in investment industry is profitable nowadays compared to having it spent to goods or services.
I think you don't understand how things work here. People aren't obliged to use Bitcoin in one specific way. If people see only value in Bitcoin as an investment tool, then it's their choise. If people want to hold Bitcoin as long term store of value tool, then it's their choise. People should understand that every form of usage, is allowing Bitcoin's utility to increase, and so does its price.

If there were no people holding their coins, the price would likely remain far below the $1000 level for ever. If there wasn't a thriving altcoin market, which makes sure hundreds of thousands, perhaps millions of Bitcoins, remain off the regular Bitcoin market, we wouldn't even manage to break through $500 and maintain it for a longer while. Be careful with what you guys wish for.
4468  Economy / Service Discussion / Re: What do you guys think of ice rock mining on: March 27, 2018, 07:27:08 AM
I would like to add that this 'cloud mining' service, just like the majority of the other shit holes, is using whois privacy to cover itself. http://whois.domaintools.com/icerockmining.io

I seriously can't wait for the moment each of these services is outlawed by default, unless they manage to register themselves within each jurisdiction they plan to operate in. Being 99% certain that the far majority of these empty services will refrain from doing that, we'll hopefully be seeing a massive decrease in the number of available 'coud mining' services. Even those who are actually operating a mining farm are somewhat running an illegal business, because you can't just offer products that more often than not fit in the category of securities, without registrations and licenses. That what Genesis Mining experienced very recently, will be something other services will be facing as well, and it will even be within the current year. Governments are catching up slowly but surely, people should think about that.
4469  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot be a global currency on: March 27, 2018, 06:53:57 AM
Since bitcoin is among the new technology, how will countries whom are lacking behind make use of bitcoin since most of them lack sufficient internet.

Google and Facebook, and I'm sure there are others as well, are trying to bring internet to each and every corner of the world. It's not only beneficial for themselves, but these efforts also increase Bitcoin's potential user base. I think that we aren't that far away from seeing nearly each person of this world being granted an internet connection. This is the internet age, don't underestimate it.

People know where to go to find things, where even if their government doesn't openly welcome it, people still use it in whatever shape or form. Great example is how quick people are with finding out that there are local Bitcoin markets allowing them to buy and sell coins, away from centralized exchanges. If people really didn't care about Bitcoin and the opportunities it grants them, they would just drop it and move on with their life. Instead, the peer to peer market has never been larger than it is right now, and it will keep growing with how exchanges are trolling people. Granted, it's not entirely the fault of exchanges to force people to verify themselves, but more the fact that this market is maturing and regulations are part of our life.
4470  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin collapse after 21 million coins are mined? on: March 26, 2018, 08:44:22 PM
Demand for block space = miner income. Even with how LN operates (an off-chain application), it still depends on block space at the beginning and the end, because opening and closing channels require entities to pay an on-chain fee. Combine that with plenty of standard on-chain transactions, other tasks requiring block space, the miners very likely won't have anything to complain about if the price continues to go up. I wouldn't even be surprised to see miners scoop up at least a few BTC in miner income per block, which has already happened last year. I have seen 5BTC block fees go through due to the insane demand for block space. Sure, the hype of last year and an massive spam attack did their work too, but it can be seen as a sneak peak of what things will look like later on.
4471  Economy / Economics / Re: Buying a house with BTC on: March 26, 2018, 08:13:07 PM
Everything with value can be used to buy properties with. I know of a small local retail store that got purchased with only precious metals (Gold/Silver). It just requires the proper documentation clearly stating the deal as it is, the values, the terms, etc. Bitcoin isn't anything different in terms of it being a value tool, but there is some time between agreeing the price, setting up documentation, etc. Within that time frame the price can either shoot up or decrease hard, so in this case the terms will be very important. If you tighten everything up in a way both parties can't back out of the deal without paying a massive fine to the other side, external factors will likely not form a problem.
4472  Bitcoin / Bitcoin Discussion / Re: Good news for the Cryptocurrency world on: March 26, 2018, 06:24:25 PM
I hope that the news can affect the crypto market so that it can boost the bitcoin price increase in the near future as I'm sure all users and traders are already bored with the current market situation which is dominated by decreasing every time.

People who are bored with current market situation should just sell their coins and go away for ever. Last year we have seen a massive growth in price, and that was all good, but when the market falls back down because the previous levels were not sustainable, people get bored? Invest in stocks to see for yourself how boring things can really be. If you're lucky, you may end up gaining 1.85% after a whole year of waiting. Good luck with that. You know why I like this current downtrend? It makes weak hands and other shittles feel bad and hopefully dump their coins, so we can move up again. For now, it seems that there is no sign for the market to go up again, so keep selling guys! You can always buy back at +$10,000 levels. Cheesy
4473  Economy / Speculation / Re: Bitcoin will go down! on: March 26, 2018, 05:42:29 PM
In fact the current bitcoin price has gone down and this will make everyone panic and fear the bitcoin price does not go back up.
Only noobs think like that. Every bit of volatility, decrease, etc, we experience in the short term, doesn't harm the long term price, just look at the charts to see.

I hope in April this situation will be over soon and the price will grow again as soon as possible.
What's so special about April to suddenly change the sentiment? People need to chill out and accept that the market can't keep pumping endlessly. People also need to look at facts, and the main fact is that even at current levels, we're still $7000 higher than last year's price, which even for Bitcoin is quite an insane increase. Allow the market time to adjust itself.

I'm afraid if the price keeps going down, someone's interest in bitcoin will disappear and they will switch to altcoin that has good potential, then bitcoin automatically will not be worth anymore.
Lol, you are pathetic. The entire crypto market is tanking, which implies that the overall short term demand just isn't there. In other words, it has nothing to do with people switching to whatever shitcoin. It's mind boggling how some people don't even manage to understand the basic principles of this market. Roll Eyes
4474  Economy / Speculation / Re: Bears still dominate the market, downtrend remains intact on: March 26, 2018, 05:25:39 PM
I don't like to talk about bear markets, because that isn't the case at all, especially when you look at the bigger picture. If we look at the price, there are several different layers it consists of. I think it's safe to say that what I believe to be the actual price, is somewhere between the $7000-$7500 levels, and I have been pointing that out for a while now.

I believe in the previous main bottom of ~$6000 to hold strong no matter what, and everything above that level represents speculation making the market bounce up and down. People who bought at much higher levels can use current market to start accumulating coins in order to get their average buying price to decrease. In order to be able to buy the market all the way down, or at least to attempt doing so, buy in smaller fractions of 10% per time. It will leave you with enough funds to keep buying lower, and that (if you do it well) till the bottom of the current trend.
4475  Bitcoin / Press / Re: [2018-03-25] Malta Wants to Become The Blockchain Island With largest exchange on: March 26, 2018, 03:56:28 PM
In the end, Malta's economic will grow and maybe in the next 2-3 years they can be considered a blockchain hub country, good moved by the Malta government, although there are still a lot of countries who are offering the same incentive as well like Belarus.

Belarus, while it offers crypto oriented businesses and startups a lot freedom and tax advantages, it's still an unstable country, which isn't exactly the right place to settle yourself as one of the main players in the global market. It all comes down to find a place to settle yourself at from which you know you aren't subject to unstable governments changing their laws based on their mood.

I read that Spain is also working its way up, and this is just the start. I expect that even the main countries in Europe and Asia will start to battle to attract all this new talent, create jobs, etc. Crypto, once considered to be a joke, a criminal safe haven, will become something that grows out to surpass the main assets in this world in several ways. Imagine what level of boost this ecosystem will enjoy once financial institutions go nuts on crypto. The only reason they are holding off for now is that they can't legally do anything with crypto right now, but that will change. While people keep talking about regulations to be a negative happening for crypto, I can't wait to see the legal framework gets updated and finally see crypto become that what we want it to be. No regulations means no serious growth.
4476  Bitcoin / Press / Re: [2018-03-26] LDJ Capital's David Drake: Bitcoin Will Be Worth $30K at the Year.. on: March 26, 2018, 03:32:33 PM
My main target will be to see the market settle over the $10,000 mark, and everything we manage to increase beyond that, will be seen as a great bonus for me. I am totally prepared for a slow market this year.

I think that's probably the best way to look at current market, because short term speaking, there is no significant demand, it's clearly visible. If we see the market dip under $8000 again, which might turn out to happen today or tomorrow, that will very likely push the market further down where it possibly will test the most recent bottom of just over $7300.

If we look at the overall network usage, it's pretty low, and that for a longer while; block no longer are filled up consistently, which says enough. Segwit might play a small role here, batching transactions too, but we have to acknowledge the lower demand and lower usage. It's however great for people looking to transact at super low cost. I'm still used to automatically include fees of like 0.0005BTC, but have to correct myself and just go with fees ranging from 0.000005/0.00001BTC, which 75% of the times results in first block confirmations.
4477  Economy / Trading Discussion / Re: Binance issue on: March 25, 2018, 06:29:32 PM
Binance has been so big and popular that a simple FUD about it could change the bitcoin price!
It didn't really affect the price. The relatively smaller dump that happened somewhere around the time this news came out was either just an impulsive dump, or a dump meant to trigger a chain of panic sellers, which didn't happen. It's just impossible to link one event with a certain dump, because everything that happens can be used by market movers to exploit the situation.

I'm not agree with centralize exchanges and if Binance doesn't create a decentralize exchange wouldn't last for a long time.
If you don't agree with centralized exchanges, then don't use them, it's that simple. Also, the 'decentralized' exchange Binance plans to set up isn't all that decentralized to begin with. I rather use current decentralized exchanges, or keep waiting for a better one, than making use of the BinanceChain. But who am I? People are free to use that what they like, and I'm happy for them they have the freedom to choose. At the end of the day, decentralized or centralized, everything helps increasing crypto's utility - without all these combined efforts, crypto would remain a joke for ever.
4478  Economy / Service Discussion / Re: Does CoinMarketCap (CMC) manipulates the market? on: March 25, 2018, 05:42:54 PM
It's a noob website to start with. Everything related to these sites, and the same basically applies to crypto news sources; you see what THEY want/allow you to see.

In other words, everything should be taken with a truckload of salt, and I am sure that they do have a financial bias towards certain crypto currencies. It's impossible to actually prove anything from our side, but that doesn't change much in the end, which is that we always should do our own research before taking third party information for granted. We just have to accept that every entity in this market has its own hidden agenda motives, and they will do everything to book the results they are looking for, even at your cost. Get over it and move on.
4479  Economy / Service Discussion / Re: Legitimate exchanges on: March 25, 2018, 03:51:40 PM
Binance is relatively new but emerging one. I too suggest binance now a days.

Binance is definitely up and coming, but their growth hasn't been without later consequences. Japan knocked on their door because they are operating there illegally, and that won't continue endlessly. Binance went through one massive winning streak, but luck runs out as you guys probably know too. Binance has been told to halt its activities in Japan until they get their licensing deals settled.

It will likely take several more months to get it done and be able to open up its doors in Japan again. The fault is completely on Binance's side in this case, and there is not even one single particle of blame that should be going towards Japan since it's just enforcing its own laws. Different countries, different laws, which is something that Binance hasn't been able to deal with apparantly, or just blatantly didn't care about. I think both options might hold a certain extent of truth to them, especially if you look at their insane growth. It's just too fast to be completely legal.
4480  Economy / Speculation / Re: Invest on Bitcoin now or wait? on: March 25, 2018, 03:20:35 PM
The current price at the moment is still decent for you to invest your money but if you think that bitcoin price will decline base on speculation from expert then wait for while before in invest your money but I were you, I will invest 20 percent now and reserve the remaining one for the next dip.

There are no experts. People are their own experts, and have to make their decision based on their own analysis of the market. If we had to believe the experts you are referring to, Bitcoin wouldn't even have made it past the $100 level back in the days. If you see someone is being referred to as an expert, or claiming to be one, then just know that they are either biased, or just blindly guessing based on their view of the market. I think it's safe to say that the terms expert and analyst have been abused to the absolute maximum in articles, just as much as spammers here abuse the Sirr term. People who doubt whether or not to invest should just stay away. If people actually understood the technical side of Bitcoin, it would be an instant investment, and one for the long term.
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