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4741  Economy / Trading Discussion / Re: Bitcoin Forecast: Not so Optimistic on: June 28, 2017, 05:01:17 PM
Technical analysis is 99% a self-fulfilling prophecy by this point.

People look a head-and-shoulders pattern and sell, so the fall in price that they expected to happen does actually end up happening.  Then it's extremely hard to find whether the pattern would have been accurate without all these "technical analysts" trying to figure out what'll happen next.

Fundamentals are good and getting better.  ETH is already taking a lot of suckers on the ride, but Bitcoin + SegWit = boom.
4742  Bitcoin / Bitcoin Discussion / Re: Tipping homeless people with Bitcoin paper wallets on: June 28, 2017, 03:19:24 PM
If a homeless person wants to accept Bitcoin, they can put up a QR code for a Bitcoin address and accept payments from passers-by.  Creating paper wallets for giving to people who don't even ask for coins would be extremely inefficient and it would require a lot of explanation.  To be worth the effort, it would have to be quite a lot of money that you put in those wallets and you'd have to think about if you're really willing to donate that much.

I think that all these claims that homeless people can't use computers are bullshit, but there's no point giving paper wallets specifically just because you can.
4743  Bitcoin / Bitcoin Discussion / Re: When the Bitcoin Fork may happen and how should i protect my bitoins ? on: June 27, 2017, 09:16:22 PM
SegWit will not result in a chain split if it's implemented with a high amount of hashrate, which seems to be the most likely scenario right now.

Ideally, you'd be running a full node if there was a chain split.  Most of the major wallet providers will give instructions for what to do, such as Electrum's hard fork plan, and you should not keep coins on an exchange or online wallet.

How it will be beneficial to other crypto currencies?
Short term - panic and confusion about Bitcoin in the event of low consensus results in slight altcoin rises and Bitcoin falls as people move funds to altcoins as a "safe" haven.

Long term - Bitcoin rises dramatically because people start to believe its utility has improved.
4744  Other / Meta / Re: HOW TO GET BCT ACCOUNT UNBANNED??? on: June 27, 2017, 05:47:55 PM
You are allowed to create one thread in the Meta section using an alt.  Do not post anywhere except for that one thread or it will be ban evasion.

Try to keep it calm, explain why you were banned and why you deserve to be unbanned.

Obviously no one is obligated to unban you so don't end up like kiklo or something.
If it's a permanent ban, I think you should forget it and start with another account Smiley)
No you should not.
4745  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: June 27, 2017, 05:42:01 PM
At the moment, very few places to invest safely, both bitcoin and altcoin investments. But, do not worry because now ChipMixer is present (a safe place to invest your wealth)
That's hilarious.  You haven't even took the time out to find out what it is that you're advertising.  Even worse, you're so used to advertising scams that you've assumed it's an investment service!
I honestly haven't seen the previous layout since I'm new to Chipmixer, but damn the simplicity of the current layout sure is sexy!

I can't speak for the usability though, since I haven't used it. But it definitely looks very promising.
The old layout was much like a common Tor site, e.g. Alpha Bay.  I don't know why but a lot of the Tor sites I've been on have that kind of layout.  The new layout removes this association which is better for those who are just in it for the privacy rather than for criminal activities.
Using this option you can replace weird 1.024 BTC chip with new, shiny, round 1 BTC. What happens with 0.024 BTC? It gets donated. That's 2% fee. Same % apply for 256, 512, 1024, 2048, 4096 mBTC chips.
Good.  Unusual sizes like 256 mBTC look likely that they've come from you, especially if Chipmixer becomes a prominent mixer.
4746  Bitcoin / Bitcoin Discussion / Re: The Barry Silbert segwit2x agreement with >80% miner support. on: June 27, 2017, 05:32:24 PM
Speaking of emotions, I think mister ck is scared... He doesn't want to hear that Segwit might not get done and he's really triggered about "Jihan".
SegWit is happening.  I really don't see why you would think otherwise.

I mean what are the pools going to do?  Look at the code and say "I don't like that line, let's pull out"?  Your logic here doesn't really make any sense here.  It's UASF which has pushed all these sudden solutions through, and I see it as extremely likely that at least one of them, involving SegWit, happens at this point.
4747  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 27, 2017, 04:51:34 PM
Hey, have a look at the one month period of this lovely chart.

When Bitcoin falls, alts mostly fall as well because they're traded against BTC.  The amount that they fall is amplified by the fact that SegWit is potentially imminent on BTC and that the market cap tends to be smaller.
4748  Bitcoin / Press / Re: [2017-06-27] The Contradictions of the Alt-Right Embracing Bitcoin for Crowdfund on: June 27, 2017, 04:40:44 PM
Bitcoin is not affiliated with any political ideology, nor does it make sense to associate it with any.

It does allow "anarcho-capitalism" to be closer to possible, which is why a lot of people who believe in that sort of thing become interested in Bitcoin.

I'm very much against the "alt right" but it's irrelevant what they accept for donations.  They accept PayPal as well.  Might as well just argue about what it actually says on the website, in the Politics and Society section.
4749  Bitcoin / Bitcoin Discussion / Re: One Address VS Multi Addresses on: June 27, 2017, 04:27:45 PM
Say you access 100 faucets in each day and you give each of them your one address.  You also take your other trades to that address.

If one of your faucets has systems on their site which track your IP or use other systems to try and find out who you are, perhaps they could find out who owns that address.

If there's a large amount of coins in that address, the faucet could know who you are.  The more information you give to that faucet (e.g. your email), the more they could know about you and your spending habits.  

If they know you, they could even find out your connections, like the addresses you've given money to...

While these are obscure scenarios, Bitcoin is so ideal to steal that a lot of people will try their best to find out about things like this.  Ideally, you should keep your transactions in different addresses.

4750  Bitcoin / Bitcoin Discussion / Re: How does Bitcoin have an intrinsic value? on: June 27, 2017, 04:13:03 PM
You will find that every single fiat currency ever has lost value every year.

Almost nothing has "intrinsic value" that you can objectively judge, but what Bitcoin does have is an extremely strong brand, new technology and near-immutability.  For major transfers, it's a great system.

You have cryptocurrencies which try other methods to have intrinsic value - for example, Byteball's transaction fees are static so that the price eventually becomes whatever the value of transferring conditional payments in an immutable database is perceived to be.  However, that would eventually resulting in the price dropping as better technology is developed, because Byteball would have to adapt to those lower fees.

There really isn't an accurate way to do this but people can keep trying until it's achieved.  There's not a lot that you're competing with when it comes to fiat currencies, so you're not exactly in danger of becoming irrelevant...
4751  Economy / Speculation / Re: Segwit2x reached 80% on: June 23, 2017, 01:56:17 PM
We are now at 86,1% :-)
Even if we hit 100% right now, at this point this doesn't say much at all. It could take a good 3 months before the hard fork finally takes place, so it will require a good level of patience from everyone.
I wouldn't call that patience.  It's a pretty hasty attempt at implementation if you ask me.

It could all fall apart yet.  SegWit supporting miners could decide not to support the hard fork later, which would cause absolute heaps of arguments and more drama regardless of whether or not it's necessary.
Quote from: BitHodler
It's nothing more than a tiny step forward, and that's really it. That explains why the market hasn't really bumped much even though this can be seen as very important news.
I'd say it's because 90% of new Bitcoin buyers are brainless speculators and technical analysts who don't give the slightest shit about how promising something could look.  That said, there might be a hype spiral starting before SegWit activation.
4752  Bitcoin / Bitcoin Discussion / Re: BitmainCoin would mean another hardfork 1 year from now on: June 23, 2017, 01:40:18 PM
I read somewhere that Bitmain is doing this HF because the UASF from Bitcoin Core breaks his AsicBoost, but I confused about this... that means the Antminer wouldn't be able to mine anymore or just be less efficient?
The Antminer would mine in the same way, as long as you decide to mine on a pool which supports SegWit.  This is solely about the actions of BITMAIN, the private company, and what they do with their own machines, not what happens to miners who were using their machines.  If it was about that, BITMAIN would be able to control over 51% of the hashrate.

P.S. UASF is not from Bitcoin Core.  Most Core devs are anti-UASF (in the form of BIP 148).
4753  Bitcoin / Bitcoin Discussion / Re: BitmainCoin would mean another hardfork 1 year from now on: June 23, 2017, 12:28:24 PM
BITMAIN would most likely control >51% hashrate on the forked coin, considering that they intend to "ignore" short term economic incentives.  There wouldn't be a lot of other miners on there if the price was fairly low.

So BITMAIN could fork as much as they want on that chain.

Hell, they could fork 6,000 times if they wanted to.

Seriously though, hard forks are fine when they have overwhelming consensus from miners and users.  Considering the expected users of that chain (mostly people who would prefer big blocks and consider most limits arbitrary) and the expected miners (BITMAIN), forking again shouldn't be a problem.  

As long as I don't have to pay attention to any of these forks.
4754  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 23, 2017, 12:22:17 PM
I hope the price goes up. I'm selling some bitcoins to buy a car.

A classic Tuscani with 4 wheels and a sunroof.

Same. I'd really like to get insurance for my van down by the river.

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.

This is a point! This is why I believe in Core. But how fast it could be done until we need a massive rollback Buterin's style?

It's going to cost a lot of money for such an attempt to take place.

Usually billionaries are very wary on where and how they spend their money, otherwise they wouldn't be billionaries in the first place.  Smiley

It's thought a week long attack on the ETH network would only cost about $3.5m. No one bothers.
People like to talk about "if a billionaire..." but it's meaningless.  Billionaires never waste their money trying to screw with something that isn't even a threat to them.

Crypto enthusiasts just like to feel like outsiders so they always pretend they're under attack.  A bank could always screw with Bitcoin, but if I were them I would have done it years ago.

The longer they wait, the harder it becomes anyway.
4755  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is the better Bitcoin because Charlie is Satoshi! on: June 22, 2017, 04:59:23 PM
altcoin can get much profit, because price under bitcoin
Post in your local board, you Google translating spammer.

The price is irrelevant. It's only about what people will perceive Litecoin to be worth in the future, not what it's worth now.
At this stage LiteCoin is closer to what Satoshi might have envisioned for Bitcoin, because it can be used as a alternative "cash" payment network,

because the fees are much lower and the transactions is much faster. They saw the potential in SegWit and they went for it and it looks like it is

paying off now. I cannot see LiteCoin becoming the de facto Crypto currency, but it will work as a "Cash" payment network.  Wink

So it's fair to say it is superior but because it came second...the impact was less thus we see that in the price?

By all comparisons LTC should be in a perfect world where ratio's made sense, see a $900 LTC.
Kprawn used to argue against increasing the block size.  It would be plain hypocritical to argue for Litecoin, because the higher block speed is almost the same thing as having a higher block size.

Litecoin only has lower fees because:

-It currently has less transactions sent over it
-Higher block speed
-SegWit already implemented

Also, he just isn't satoshi... don't even try...
4756  Economy / Trading Discussion / Re: Asian vs. Western Investors on: June 22, 2017, 04:40:48 PM
It's impossible to generalise and be fully accurate on these things... but I do think that many Asian cryptocurrency investors have been too hyped about this whole situation.

My justification for this is that the price in South Korea (and to a lesser extent, Japan) is at a significant premium to Western prices.  Because arbitrage is difficult, the markets are wild and the investors there begin to deviate from the Western trends.

This could imply that the prices are more speculative/a gamble, because the fundamentals of Bitcoin have not justified those prices throughout most of the recent rallies.
4757  Bitcoin / Bitcoin Discussion / Re: So where is the "flippening" ? :D on: June 22, 2017, 04:27:00 PM
The flippening has happened already in the dreams of ETH fanboys/girls, with 92M tokens circulating it's not that hard to surpass the marketcap
Meaningless.  It's not about ETH's number of coins in circulation, it's about how it's distributed and handled by people.  For example, one important method that ETH have to shove up the market cap is by getting coins locked into useless ICOs for months.

I was so sure this was pure FUD. There wasn't any and there won't be any. Just look at the market capital and 24 h volume. BTC is still the king!!

bitcoin has always been the "king" but not because of the volume nor because of the market cap, nor even the price.

but it has been that because of its reliability, security, decentralization, and most important of all "the adoption". in other words the real world usage by merchants. and the more utilities it gains the bigger it gets.

the flippening was and is more like the pumpening than anything else. you can see all the accounts of those who were advertising it is now offline for days ever since the dumpening began!
The price of all cryptocurrencies, including Bitcoin, is about the adoption that it could potentially have in the future rather than the adoption that it has now.  Bitcoin's adoption has not doubled in the past couple of months - if anything it has decreased from when Fiverr and Dell stopped accepting it.

Ether's price in terms of "the flippening" is not insane because of its lack of adoption with merchants.  It's insane because Ether would not be practical to use at merchants - it simply isn't scalable, and fees are pretty bad as well.  After LN is implemented on Bitcoin, Ether will only be relevant for ICO hype which will eventually die down.

There are currently cryptocurrencies that are worth a high price, hidden in the lower ranks.  Ether is a full blown hype machine, and "The Flippening" is both a self-fulfilling prophecy and a myth.
4758  Economy / Trading Discussion / Re: Trading Tips On Day Trading and Shorts? on: June 22, 2017, 02:25:25 PM
Lisk (LISK), MaidSafe (MAID), and Monero (XMR) are the best coins for that right now IMO.  You could also do it with BTC/ETH pairs.

The important thing is that you work on minor fluctuations rather than trends.  You need to use some basic technical indicators such as Bollinger bands, and begin to devise a strategy based on that.

The important thing is that you see the range that they're trading in and buy/sell based on that. 

Set stop loss pretty high for this because big movements could crush your profits.

I will check those coins, the main strategy I have in mind is, like you said, take profit on small daily fluctuations, but coins are kinda volatile right now and I am not being able to identify a coin with this pattern. I studied a little bit of technical analysis for day trade, but the problem is that it is very unpredictable and you have to be on the PC almost all the time watching the behavior.

But when you say to set a high stop loss you mean like, for example, if I can take a profit of 5% per day, my stop would be around 5% too?
You observe the rough daily price fluctuations and the areas which it has been moving between and consistently sell based on the daily fluctuations and some other indicators.

You set your stop loss outside the daily fluctuations by about ten percent so that if there is an adverse price movement you get out without sabotaging your profits too much.  You need to keep an eye on the fundamentals of your specific coin and news about it too, for example how far along the development of MaidSafe's blockchain based cloud computing system is or what scaling solutions miners have been supporting recently.
4759  Economy / Reputation / Re: I been given negative feedback for no important reason on: June 22, 2017, 02:07:09 PM
No one use traditional Chinese in this forum, so you can see who is pathetic.

Hmm,
I did , you must not be as bright as you claim.
The way you keep trying to talk about my junk, you must be some sort of Chinese pervert.
Are you a LadyBoy?   Cheesy

Sorry not into the freaking hermaphrodite scene, you will have to look elsewhere,
from what I hear Vod is hard up , try him. You could be his madama butterfly.  Lips sealed


 Cool



If you're really as old as you say you are, is this all you have to do with your time?

Fighting over and over again with a stranger over some petty dispute on a forum for cryptocurrencies?  Coming up with loads of bullshit methods to attack the forum for your personal dispute?  Are you really that pathetic?

If so, I feel sorry for you.

The trust system is screwed up, but the main way to fix it is to change your trust list and not include Lauda or hilariousandco on it if you hate them that much...
4760  Bitcoin / Bitcoin Discussion / Re: Will the final number of bitcoins become a serious limitation? on: June 22, 2017, 01:42:45 PM
One Bitcoin is not what you spend.  It's just the default unit of the reference client and the one which is traded on exchanges​.

You could equally say "are there enough kilograms of gold in the world?".  The answer is yes, because you can use grams, and milligrams, and so on...

One single "Bitcoin" does not actually exist.  It's just a term that we're using to refer to 100,000,000 spendable units.
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