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4501  Economy / Speculation / Chinese ban bitcoin news is 100% pure bullshit on: September 08, 2017, 04:13:32 PM
all Chinese exchanges are working fine and even their official announcements are coming out saying there is nothing going on over there in China.

here is an example from BTCC (a Chinese exchange and mining pool):
BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

now go ahead and continue giving your coins to whales...
4502  Bitcoin / Bitcoin Discussion / Re: Satoshi is Back! Is Craig Wright an Imposter or Brilliant Marketer? on: September 08, 2017, 03:45:06 PM
no offense but i wouldn't waste my time on words that is coming out of the mouth of a known scammer. someone who pulled the worst scam of all times related to bitcoin. someone who tried to steal the identity of the creator of bitcoin and abuse it.

he needs to either provide the proof of the claims he made or he must come forward and apologize publicly to all bitcoiners before we even start to take him half seriously.
4503  Bitcoin / Bitcoin Discussion / Re: Today, Bitcoin dump ? on: September 08, 2017, 03:36:38 PM
Can anyone tell me what is happening to Bitcoin?
same thing as always, it is going up and down. up and down.
then FUD hits and the down becomes bigger. then recovers.
then up an down. up and down.
then a HYPE comes and the up becomes bigger.
....

Quote
BTC price from 4660 dropped 4k1
where did you bring 4k1 (whatever that means!!!)
the lowest it went were:
4227 @bitstamp
4260 @coinbase
4211 @bitfinex

Quote
and still continues to decrease, investors and trade as I'm feeling very confused. Give me some advice right now, so I can calm down.
it is the panic sell.
is it your first time with bitcoin? because this is not the first panic sell. we just had one exactly 5 days ago!
another one last month on 22nd of August
another one 2 months ago on 16th of July

and hundreds and hundreds more!
4504  Economy / Speculation / Re: More Chinese FUD to trigger panic selling on idiots on: September 08, 2017, 03:27:11 PM
Wow, some bitcoin believers are really living in an alternate reality. Face the facts, sell your coin with a hefty profit, the time to buy back in will come around someday.

you should always sell on top of the dip though. with every minute passing, it becomes later and later to even want to start thinking about selling.
on top, or when the dump begins you can be sure that you are making profit but when some time has passed (usually when the newbies start selling) it is already too late and you will be selling at a loss at the bottom.

in other words if you are a trader and you were fast then sell. it is an awesome opportunity to buy at the bottom from those idiots who dump at the bottom.
but if you are not a trader or you feel you are late, then don't be dumb.Wink
4505  Other / Off-topic / Re: I am getting sick of fucking Chinese idiots on: September 08, 2017, 03:21:00 PM
i have been saying this for ages, Chinese never do anything. the poor bastards are just doing what the rest of us are doing, they invest in bitcoin. what happens is that a very normal news comes out of China and the whales manipulate the price by dumping!

i think this month's worst and most ridiculous one was the dump because of banning of ICOs because it had nothing to do with bitcoin to begin with Cheesy
and now this new one is out too!

i promise you that in about a week we will be laughing at those who sold at the bottom and not bought back.
4506  Economy / Speculation / Re: Have I missed something?? Markets tanked in minutes! on: September 08, 2017, 03:14:38 PM
Just noticed that pretty much everything has fallen 10-15% in literally a few minutes.

from the last price which was around $4600 down to the lowest price which was $4200ish is just 8% Wink

and this is another dip caused by another Chinese news. and some crap about banning crytpocurrencies. and i don't know when people are going to stop paying attention to the news coming out of China!

we all saw that during the couple of months where China was off (the exchanges closed for months) the market continued even stronger than before!
4507  Economy / Trading Discussion / Re: Realiable source of news for trading on: September 06, 2017, 03:26:32 PM

i just want to say that bitcoin.com is the Roger Ver propaganda machine.
and also cointelegraph and cryptocoinnews are the worst news website in the history of mankind.

coindesk is not all good either. but it is better than others.

if you want news then stick to bitcointalk, reddit and there is also a Press Board which is for news links on bitcointalk.

but news is not going to tell you which way price is going to go though.
4508  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Really A Currency or An Asset? on: September 06, 2017, 03:15:58 PM
the correct answer is that bitcoin is whatever you want it to be Smiley

if you want bitcoin as an asset you can see it as an asset and hold your money in it safe and sound for long term and also make profit while doing it. a huge profit i should add.

if you want bitcoin as a currency then you can see it as a currency and use it easily with the sped of light (a couple of seconds to send and receive and 10 minutes on average for confirmation) and in the safest manner possible to this day and on top of it all you can use bitcoin keeping your privacy.
4509  Economy / Trading Discussion / Re: Trading and security on: September 06, 2017, 03:09:22 PM
this is the issue that all the traders face and all are aware of it and it is the issue that other non-traders think is easy to fix and they tell you to "not hold anything on exchanges" of course as you already know it is impossible to do!

the only thing we can do is to stay aware.
first choose an exchange that has less risk of running away, getting hacked, or generally scamming you. you can do some research about them to find out which one is better among the worst.

second you take the security steps that you can take. like having a strong password and 2FA and a dedicated Email with strong password and 2FA, ...

third you start trading but only keep as much as you have to and as much as you can afford to lose. for example if you don't want to go all in then cash out the rest. also when you make profit you cash out the profit and keep the funds at a lower level that you won't lose all in case something went tits up Wink

finally you keep an eye out for signs of shady behavior. sometimes these exchanges that run away show some signs of becoming a scam a while back.
4510  Economy / Speculation / Re: September 2017 coming... Thoughts? on: September 06, 2017, 02:57:58 PM
Since August was all about highs, September is the month we should be cautious with trades. Kinda expecting a significant crash sometime this month. It's always better to be prepared.

Yeah right bitcoin will crash to $5000 this month  and will be  trading above it.  There is no reason for Bitcoin to crash, the update last Aug. 1 were successfully implemented even though it created a fork.  I cannot read any incident that will crash Bitcoin price if you have some then kindly show us the possible reason why Bitcoin will crash this September.

i don't know what he means and probably he is just saying what he wishes to happen not what he speculates.

so far the only thing that has the remote possibility of causing any price drop is the hard fork of SegWit2x which is scheduled for later this year. and depending on what happens a month before its due date there can be the same market as it was before August 1st (back in July).
4511  Bitcoin / Electrum / Re: Dumb Question about Electrum Wallet on: September 06, 2017, 02:42:21 PM
I have my private keys to the wallet.  Is it safe to send BTC to it? 

i don't really understand what you are trying to ask in your first paragraph. but to this question i can say: YES it is safe to send bitcoin to it if you have the private key and you are sure you have the "PRIVATE KEY" not something else. and also if you have backed it up.

although using Electrum you only need to back up the seed which is a set of words.
4512  Economy / Speculation / Re: personal prediction for next days based on logic on: September 05, 2017, 04:05:01 PM
Why ? No one can predict the future in exact but if that so it is still good to invest in bitcoin. The price of it is still higher than we expected but we never know, lets just see what will happen after the dump.

nobody is "predicting" the future here either.
this is the speculation board, it sometimes seems like "prediction" and it may very well be similar to it too, but it is never prediction.

we never know but we try to find patterns and do some analysis on them to try and guess the closes possible scenario that can come to pass.

p.s. looking at your comment's timestamp and your last statement you are too late to see that we are already "after" the dump Wink
4513  Bitcoin / Bitcoin Discussion / Re: can one trace a stollen btc? on: September 05, 2017, 03:53:14 PM
the only thing you can trace is the transactions. you can see them on the blockchain to see where the money is going. what you can't do is to telling who does those addresses (that are receiving the funds) belong to.
you can also use walletexplorer or one of the paid "blockchain analysis" services. but don't get your hopes up.

and no, you can not "retract" bitcoin if you have already sent it and the transaction is confirmed. there is no charge back or undo button in bitcoin.
4514  Bitcoin / Bitcoin Discussion / Re: Does China have a large part in the world of cryptocurrency? on: September 05, 2017, 03:47:33 PM
China has a big market and we can not deny the effect they have on everything crypto related. Chinese are also known for being big traders of everything. they are good at it too.
but the size of China and its effect is greatly exaggerated in bitcoin. and it is simply because those who did it want to control the market and sway it in their own direction. which is why price going down is always because of FUD and panic sells. nothing else.

4515  Bitcoin / Bitcoin Discussion / Re: Visit the Original BTC faucet courtesy of the Wayback Machine on: September 05, 2017, 03:42:12 PM
for the historical record this is the announcement topic that Gavin Andresen made back in 2010: https://bitcointalk.org/index.php?topic=183.0

it sounds ridiculous now but you could have become a millionaire just by claiming faucet! and this is one of those things that will happen only once in our whole lifetime.
4516  Alternate cryptocurrencies / Altcoin Discussion / Re: If Bitcoin dies does altcoin die? on: September 05, 2017, 03:33:37 PM
again like many similar questions, it depends on the cause of death Wink

bitcoin won't die out of nowhere obviously. so there should have been a reason in your hypothetical scenario. what was it?
was it a bug? then by extension most altcoins will have the same issues and the faith in the rest will be lost too.
was it a political reason? like countries banning bitcoin (although that won't kill bitcoin). in that case they would do the same for altcoins too.

you see most reasons will be extended to altcoins too. it is cryptocurrency in general sometimes.
4517  Economy / Speculation / Re: Marketcap & BTC Dominance on: September 01, 2017, 05:20:24 PM
specifically ethereum shills because their coin has 72 million premined coins in possession of their foundation overlords.
Twelve million you mean.  Sixty million were in the ICO.
the official website says 72 million premined. i don't know if they have changed it now but that is what i saw last time i checked.

Quote
and on top of it the rate of its creation is stupidly high
It's a lower rate as a percentage than BTC started with, because BTC wasn't premined.
i don't understand what you are trying to say.
creation rate is how many coins are created in a timeframe like 24 hours.
bitcoin: 2025BTC per day
ethereum: 17705 ETH per day (8.74x faster)

Quote
obviously bitcoin share of the total market cap will be small it its 16 million circulating coins!
There are many reasonable ways of insulting altcoins.  Please use them.
i am not insulting anything, i am just stating numbers and facts regarding those numbers.

Quote
BTC dominance will depend on the result of the New York Agreement.  If there is a clear leader between the two chains, it will be particularly bullish.
there is always going to be only one bitcoin. whether it is current bitcoin or 2x bitcoin or cash bitcoin or blah blah bitcoin doesn't matter. the chain with majority support will be bitcoin.
and its dominance will always be all the things i mentioned above.

and it will only drop in case for example if merchants stop using bitcoin and start using an altcoin. and until that day altcoins will remain useless.
4518  Bitcoin / Bitcoin Discussion / Re: November real test for Bitcoin ? on: September 01, 2017, 05:11:32 PM
segwit2x will be another altcoin... just more free money

i wouldn't be so fast in jumping to a conclusion about SegWit2x yet. it is too soon to say anything about it. and so far if the hashrate remains big things wouldn't be the same. for example if a big part of hashrate supports it (like 90%) it won't be an altcoin specially when big businesses like BitPay support it!
4519  Economy / Speculation / Re: 1 BTC = 2nd Hand Honda Civic on: September 01, 2017, 04:22:34 PM
when you compare bitcoin price with something, that thing needs to be a common thing that most people know the price of it. i don't even know what a "Honda Civic" is Cheesy
i mean i can guess but it is not common. people usually use Gold or something like that to compare the price, although it is not good to compare bitcoin with anything since it has no counterpart but still!
4520  Economy / Speculation / Re: Marketcap & BTC Dominance on: September 01, 2017, 03:28:05 PM
the only people who care about market cap share of bitcoin are altcoin advertisers. specifically ethereum shills because their coin has 72 million premined coins in possession of their foundation overlords. and on top of it the rate of its creation is stupidly high and soon will be 100 million.
obviously bitcoin share of the total market cap will be small it its 16 million circulating coins!
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