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4601  Economy / Speculation / Re: Another decline of BTC expected on: February 27, 2020, 04:07:55 PM
https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?

Suddenly people are in panic about Bitcoin's dip when it is recovering after the dip, we cannot just create FUDS every time it goes down, this is a highly volatile market always expect the unexpected I'm buying more but I'm not buying that article's story line.

Exactly. If you think $1500 is a big move in this space when we've moved from $4000 to $10300 in just a few months then maybe you need to reflect on that or realise this market isn't one you should be in at this time...
4602  Bitcoin / Bitcoin Technical Support / Re: Bitcoin wallet and addresses on: February 27, 2020, 04:04:17 PM
You can use as many addresses as you want and spend from them all in one go on your wallet.

Exchanges use different structures but ones like coinbase have one main address and give each user multiple addresses. Their nodes are set up to check these addresses and sign transactions to their main cold wallet address.

Funds can be spent by the exchange in this wallet but it usually only happens when their hot wallets for withdrawal are low or when they have to do things such as pay workers...
4603  Bitcoin / Bitcoin Technical Support / Re: Error: Error reading from database on: February 27, 2020, 12:07:21 PM
Try renaming the last blk file in the blocks directory of the data dir for bitcoin core and try again.

What is the default directory for potcoin? Bitcoin and litecoin use different data dirs so it might be a hardware issue if the above doesn't resolve it.
4604  Other / Politics & Society / Re: Would socialised housing and food work? on: February 26, 2020, 11:33:24 PM
In Belgium there are some very good social services providing help for homeless .... Also very good services for people with low income... called OCMW (the Public Centre for Social Welfare), they provide houses or apartments at rent on very low prices, also gas, El etc taken care of if i'm correct. Of-course many people don't like it cause its mostly payed by tax payers etc, I think such programs will always have their positive as negatives and always there will be someone complaining.



It does often seem like we're trying to put more effort and protection in places such as prisons than we are in doing what we ought to for the homeless. Quite a lot of homeless people just try to get arrested in the UK to not have to deal with being homeless. I think it costs about £40000 to hold someone in custody for a year, where it would cost the governemgn about £5-6k to keep one person going for a year with essentials and a little extra.

I mean I think that there is an issue with going about the problem this way. As all your plan is is proposing throwing money at a problem and praying that it will change because we assume that money can fix every problem. I'm pretty sure that someone like Bill Gates has proved that you can't just throw money at charitable causes to fix them, it requires true change -- not just money.


The government already builds housing anyway, it'd just be expanding those contracts...
Once a major problem gets resolved, i reckon other issues will make themselves notice. At the moment we have no idea as to how many people don't have any shelter so any efforts are generally pretty hard to track.
4605  Economy / Service Announcements / Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented on: February 26, 2020, 10:38:38 PM
Namesilo won't allow me to register a unicode domain Sad.

I'd say what emoji I wanted to register but that would destroy my plan to monopolise emojis own a website.
4606  Other / Meta / Re: 5 years LoyceV! on: February 26, 2020, 10:37:02 PM
I joined Bitcointalk just shortly after I "started with Bitcoin". For privacy reasons, I used a random generator to create a name: Loyce Valenzuela! I only found out it's a girl's name much later, but by then it had grown on me already. "Valenzuela" rolls off the tongue nicely. I never imagined I'd still be using the same name 5 years later.
In my early days, I even missed several "2 weeks Activity periods" on Bitcointalk, that's how inactive I was. How things have changed Cheesy

If only you had've joined 12 days earlier, we could all be wishing you a happy valentines with your 5 years partner: bitcointalk.

Congrats on the 5 year anniversary, I imagine many of us thought the forum would be gone. That's the general tone I got when I joined in august 2015.




I joined to see if cloudmining was legit, turns out the sites I were trying to use weren't (afaik)...

We can reconvene in another 5 years when you still haven't moved off of here Grin. Perhaps by then you'll be a mod of something @Theymos where are we on creating Loyce's special board...
4607  Economy / Economics / Re: Ignore the Gap on: February 26, 2020, 01:03:11 PM
Take advice with a pinch of salt.

A lot of the time gaps like the cme gap are caused and day traders may work Monday to Friday too... If a gap forms on a weekend for example on a Sunday, volume is pretty low so it's pretty easy for stuff to move...

If the trading depth becomes low on a Monday or Tuesday a reversal is pretty likely.
4608  Economy / Speculation / Re: S&P took quite a hit today on: February 26, 2020, 12:51:51 PM
I did see a report earlier on the news that was saying if areas are put under quarrenteen, fixed salary workers are still entitled to their pay from the company... I'm not sure how the sick pay chema works here but I can see thst causing huge issues for some small companies if they have to pay staff to not work.
4609  Economy / Economics / Re: Is there any proof fractional reserve banking goes on to in the UK or globally on: February 26, 2020, 12:47:45 PM

I think it's important to note that these banks aren't acting all by themselves when they're 'creating' this money. They're working alongside the Federal Reserve to be allowed to just electronically create the funds. The fed knows how much money is being created, and there is regulation when this is done. it's not like a bank can just send you 1 trillion dollars without any sort of oversight at all.

But back onto the topic here: Yes, fractional reserve banking is a VERY common practice in the world. Typically only comes up around common people when there is some sort of bank run. But ya know, in the US and EU there is the FDIC / EU backing of funds in the bank (up to 250??k in the us, and 100k in the EU)

Yeah insurance on savings is a thing here, it's generally per bank per person too...
So the £86k limit of FSCS protection is just per entity relationship (citizen number to bank).
4610  Other / Politics & Society / Would socialised housing and food work? on: February 26, 2020, 12:15:50 PM
I'm getting annoyed at these discussions that are like "socialism drives nothing", "the best way to get anywhere is to not have a backup plan" and "socialism stagnates an economy". In truth would it work?

Building an accommodation schema such as what university halls have whereby there are a series of studio apartments avaliable for people to move into, would that system work for stopping homeless people being out on the streets continuously? If we say each studio would probably cost about £20,000 to produce then it probably wouldn't be too hard to get something going... A strategy like this would cost around 1.4 trillion for everyone, but not everyone would need to use it. 250000 people are homeless for example and it'd only cost around 5 billion to house them.

It seems a lot of time people don't reflect on the fact that the only people that make money and do well for themselves in this world are those with lots of extra money to spare and many backup plans. Most of the people that are for capitalism just want to see $100bn in their account some day from what I can see but if someone's a hardcore capitalist then let me know the point I'm missing...
4611  Economy / Speculation / Re: Bitcoin needs to be in a bull market before the halving on: February 26, 2020, 07:35:55 AM
Yeah there's a high chance we've either maxxed out already for the year I'd you look at the last two halvings. It's probably good from this point for the rest of the year if we remain at $10k and don't fall further after there's no rally post run (some of retail may be expecting that)..

I think in 2016, we moved to about $500 in the early months of the year and then just stayed there for quite a while during and after the halving...
4612  Economy / Speculation / Re: Bitcoin hitting its steady price? on: February 25, 2020, 10:33:33 PM
It's still pretty new, steady is quite a few years away...

$10k with a $210bn market cap is pretty low for what most of us see it reaching. As said cryptocurrency is a volatile asset, it can swing up and back down. We were about 95% likely to rehit 10k based on my analysis... We could've said the same about $6k being a natural level, and then 4k and so on...

You gotta get used to not having a clue as to what this market does some days...
4613  Economy / Services / Re: ALL PREMUIM SIGNALS IN ONE. on: February 25, 2020, 10:29:04 PM
You might want to include links to their advertiser channels in your op. I haven't heard of most of these and one or two I have are because they're on other platforms doing other stuff...
4614  Economy / Speculation / Re: S&P took quite a hit today on: February 25, 2020, 09:03:24 PM
It's the Coronavirus for sure, we really don't need to dive more into this in order to find a connection since it's already in front of our eyes.

This came up in my youtube feed recently: https://www.youtube.com/watch?v=-HofvVfSSaI

I don't know if much has developed, but the market normally are the first to take things seriously so I doubt it's that still.

If it becomes clear that the economic party is officially over then we'll see what crypto is finally made of in such conditions. Drippy fecal matter is my guess. I can't see it happening from one event like this even if it does have repercussions. I guess we'll see in the coming weeks.

Might be nice if real estate starts to colapse in this country. I'd say the higher price of housing makes companies put quality into the products they produce but it doesn't anymore...

And yeah once other markets see a correction some funds will move into bitcoin, espeically since the recent weeknesses in gold these days since it's overinflated so much...
4615  Bitcoin / Electrum / Re: Someone else's wallet? on: February 25, 2020, 06:34:48 PM
Think of the derivation path and seed combination as being a tree.

Your seed is the trunk and the derivation path is the branches from that:

m/0'/0'/0' is the leftmost branch at the bottom going three times across to the leftmost bottom branch.
m/0'/0'/1' is the same as above but it a branch one higher where you split on the last branch in the example above.

As long as there wasn't a balance in it then it is still sort of your wallet as you'll maintain as much control of that as you will your other.
4616  Economy / Economics / Re: 542 ounces paper claims for every ounce of physical gold. on: February 25, 2020, 02:18:54 PM
They're not shorting gold, they're actually shorting you...

How are you, a retail investor, ever going to get the money to take on a multi billion dollar company? Fractional reserve banking also means a bank won't have to pay its solicitors to handle the job with actual money anyway... And they normally have a lot of assets at their disposal too.

And they've probably well segregated that part from the rest of the company and used language the common folk won't understand so they can easily cut it off and pretend they knew nothing about it. Sure you can try to make their ceo and chairman bankrupt but they'll be long gone to a country that won't deport them.


I'm pretty sure there was a report saying the bank of England's gold vault had a volume of 25x the gold it had in one day, 5x the total gold known to have been mined...

4617  Economy / Speculation / Re: S&P took quite a hit today on: February 24, 2020, 09:19:22 PM
I think that if the situation in China does not improve, in the long run, it may affect the increase in cryptocurrency prices.

Well if some stocks fall because of it then I can see bitcoin and ethereum taking a bit of an advantage over this since they've proved to be 'fairly' stable so far while the other markets haven't been and even quite a bit more prosporous...

It does look a lot like a retracement in the stock market though, as if it isn't irrecoverable and it may be nearing the bottom of its immediate correction. It did look to be stabalising and moving slightly upwards just before I wrote this, but not as much as it could so it'll likely either keep moving sideways or go up in the immediate term.
4618  Economy / Speculation / S&P took quite a hit today on: February 24, 2020, 08:10:12 PM
I'm looking at reports and a lot of them are saying it's due to the coronovirus, I don't know how much of an impact that would have on the American markets but it looks to be quite a big one, my small position lost $100 in profit since Friday. The rest of the international markets I.e the vuk and ftse 100uk also look to have responded but they seem to be a delayed response (unless anythings got worse that I haven't noticed from ignoring mainstream media and its general fear mongering).
4619  Economy / Economics / Re: Is there any proof fractional reserve banking goes on to in the UK or globally on: February 24, 2020, 07:41:13 PM
Back to my other point, is this not already designed by beurocrats to encourage a lot of spending?

If someone didn't pay their loan then their collateral would be put up for sale and the bank would already have needed to print money to pay them, but wouldn't this already be factored into the government measured inflation?

(the British government measures inflation based on grocery prices so surely this would still remain fairly stable as the currency has already been minted into the supply).
4620  Economy / Economics / Re: Is there any proof fractional reserve banking goes on to in the UK or globally on: February 24, 2020, 07:19:09 PM
I think the fractional reserve is not often quote by mainstream news, but in Asia we are frequent to deal with “shadow banking”, they might be entire two sort of terms, by I feel they share the same purpose, although the shadow banking is openly printing money out of thin air, if you want to challenge it then go ahead and try.

As in they started printing paper money?

I know it's legally possible in most places to print counterfeit money outside of a country and attempt to use it in the country you're in (or it used to be and was a very weird loophole). Is this what's going on or are people actively printing money inside the country and its being accepted?
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