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481  Bitcoin / Bitcoin Discussion / Re: goodbye fiat and USD. on: October 20, 2018, 03:41:49 PM
I read the local news, and there is several articles that made me interesting, a few weeks ago, the mobile version of the Bitcoin wallet bitcoin platform decided to eliminate the conversion of bitcoin currencies with USD. then replaced with Satoshi.

the decision was taken to eliminate dependence on fiat currency. because bitcoin capability if converted to fiat, will interfere.

developer samourai wallet says "farewall fiat" or "goodbye fiat".

That would not decide it all. There are still so many people that are not aware of cryptocurrencies and other digital currencies so they will still be a lot of people to be against that.
482  Economy / Trading Discussion / Re: How can get information of pump coins? on: October 19, 2018, 02:41:08 PM
Hello Bitcoin talk.
      I am member of thid forum from last one year and i am doing trading too. Most of time i did only long term trading and now i want to learn short time trading. So can you tell me how can i get information about any coin that will be pump in next few hours?

I don't blame you if you really want to join some pumped coin because crypto is all about that. But you wouldn't learn anything from that. But I guess you only need the money so go for it.
483  Economy / Economics / Re: Companies that are scary on: October 19, 2018, 02:02:51 PM

Of all the large companies that are now large internet players, do anyone particularly scare you in terms of how you data and track could be used? Amazon, Facebook, Twitter, …?


Simple you don't want to put anything in it to make you a lot of trouble. But since facebook has been in the senate I think it is more safer to use it now.
484  Bitcoin / Bitcoin Discussion / Re: Does it even matter if governments and banks accept cryptocurrency? on: October 19, 2018, 01:47:33 PM
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.



Of course it does, because somehow when people knew about that banks do accept it then they would try to interact with it and there will be more volume inside the crypto space.
485  Economy / Trading Discussion / Re: When margin trading; Keep your coins on exchange overnight, or withdraw? on: October 18, 2018, 01:40:51 PM
Hi,
I'm attempting some margin trading on an exchange for a few days, I'm wandering what the best practice is when you decide to go to bed.
Should you leave the coins on the exchange, or pay the fees to withdraw to an external wallet and then move them back in the morning?
Thanks.

I just put my funds inside the exchange that I trust since I know a lot of people also do that and don't mind if they lose it or not since they only trade the funds they can afford to lose.
486  Economy / Economics / Re: Transferring of wealth from the impatient to the patient! on: October 18, 2018, 01:19:40 PM
I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire  and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.

Truly it is very sensible that being patient gives you a lot of time to think for the right choices and would make you a lot of profit in the long run.
487  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Sent USDT-Tether from Poloniex to Kraken on: October 18, 2018, 01:00:58 PM
Is it possible to sent USDT- Tether from Poloniex to Kraken?

I did sent something and it is waiting for approvel for hours now.

Poloniex is warning you with the following sentence: "IMPORTANT: Do not send Tether USD anywhere unless you are certain the destination supports Omni transactions. If it does not, you could permanently lose access to your coins."


Since Kraken is utilizing the omni protocol for Tether, I asume this would be a correct transfer. Could I be wrong?


I didn't have any experience on sending USDT to other exchanges but if we can do this then we can use tether as a payment method because it is not so volatile?
488  Economy / Trading Discussion / Re: TRADE AGAINST THE TREND on: October 17, 2018, 03:21:53 PM
I spent a lot of effort on learning about trade. I have also experienced many psychological feelings, ups and downs, so I would like to share from the bottom of my heart  some tips for beginners or amateur traders:

1. Trade only 1 pair of currency: usdt and altcoin
2. Invest in good altcoins only  (1-5 crypto), focus will bring about higher chance of winning. Treat btc as an altcoin and make a speculation with it. Learn how to identify a good crypto in order to hold the coin whenever the storms come.
3. BUY ON RED- SELL ON GREEN. Spend only one third of your money on trading long down waves. Two-thirds of the money should be allocated in the downtrend cycle of this market.
3. Prepare yourself for the great crisis that may happen during 2019-2021. Before that time, you should be flexible to convert your money flow from cash, real estate to gold and valuable assets. During the crisis, we can hold diamond at junk price (for crypto and securities) and buy good real estate at low prices.


Yes, I can really trade with different kinds of trends, but you have to be very careful with those kind of trades because it might give you wrong trades at any time.
489  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: October 17, 2018, 03:10:46 PM
How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

For now, we can't because the price of Bitcoin really is not steadily stable that makes it so volatile for buying things. We would want some other coin do that role.
490  Economy / Trading Discussion / Re: Why did the price of Bitcoin suddenly spike up (October 15, 2018)? on: October 16, 2018, 02:50:20 PM
Marius Kramer, No. 1 Bitcoin writer on Quora worldwide
Answered 8h ago
At first, there were scam rumors for Tether, because only USDT pairs pumped. Furthermore, there was the rumor that all USDT pairs will be delisted from Binance.

That’s why everybody thought all USDT pairs are pumping because everyone wants to get out of USDT.

An hour later Kucoin suspended tether deposits and withdrawals. https://www.google.de/amp/s/bitc...

These were all the assumption.

However, the actual reason is most likely very simple.

It was just a whale buying up lots of Bitcoin with lots of USDT that he held. In fact, he bought up $500M worth of Bitcoin, which made the Bitcoin market cap go up by $25B.

Here is how it works:

He buys up Bitcoin so that the price goes up by 10%. All USDT pairs pump by 10%, too.

So if IOTA is worth 9000 Satoshi, which is $0.5 and Bitcoin goes up by 10%, IOTA is still worth 9000 Satoshi, but then $0.55, so it shows as a 10% pump in the IOTA/USDT pair, while remaining stagnant in its BTC pair.

So, this doesn't have to do anything with Tether, just a whale buying lots of BTC. When that happens, USDT pairs always pump, because of math. Smiley

However, I don’t think it was an institutional investor, but someone who had lots of USDT. So, he bought $500M worth of Bitcoin with USDT. Since, this put a lot of USDT on the market, the USDT price tanked.

If you look at Top 100 Richest Bitcoin Addresses and Bitcoin distribution, there are currently only 3 addresses that hold that much wealth and they all belong to the exchanges Bitfinex, Bitrexx, Binance. That means, it must be a whale from January during the height of the bull run, where there were around 50 addresses with that much wealth.

It was probably one of the 10 largest Bitcoin whales who had cashed out half a billion into USDT back in January and now decided to sell all Tether, because of all the sketchiness surrounding it and because he thought Bitcoin has probably found its bottom. That’s why he decided to buy back in now.

Now, the Bitcoin/USD and Bitcoin/USDT markets have to even each other out at probably around $6,600.

If you found this answer helpful, please leave an upvote.

P.S. If you need help with your portfolio (larger than $200,000) for this coming bull run, I provide professional guidance for $500/week and a 10% profit share. However, only if you make profit. If you don’t make profit, there is no weekly fee

quora Marius Kramer

USDT really has a lot of issues for the past few years and it really went down yesterday that makes the price of Bitcoin go up because those USDT holders got out of USDT and put it all in Bitcoin.
491  Economy / Economics / Re: Is technical analysis negatively affecting cryptocurrencies? on: October 16, 2018, 02:23:12 PM
I have to say upfront that I'm no fan of technical analysis, even in traditional asset markets. There are 2 main reasons for this:
1) There is no scientific proof that technical analysis works at all. The only correlation between technical analysis and true market movements is that it is widely believed. And this leads to the next point
2) TA is a self-fulfilling prophecy. If people stopped believing in it, it would stop working right away. If people find new patterns they only start actually working once they get enough traction for other people to believe in them.

This is somewhat of a problem in traditional assets, but it is just a minor nuisance. The fundamental values of traditional assets always strike back, no matter what TA says. Found resistance? Doesn't matter if the underlying value shoots way up due to increasing sales, usage or whatever. Glad a value has some support? Doesn't matter if sales drop to near-zero, the price does not care about support.

At cryptocurrencies, however, those fundamental values don't work as there are rarely any. Most companies behind cryptocurrencies either have no product that is close to justifying their volume and value. Some of them (Bitcoin amongst them) do not even want to have one. Therefore they are subject to constant influence by those religiously believing in TA, which makes them an object of pure speculation. The fundamental values are "news", no matter the level of reliance.

In my opinion, this holds cryptocurrencies from being a usable and reliable method for everyday transaction use.

What is your view on this?

Yes, sometimes Technical Analysis doesn't work on crypto because news and manipulation always do something about the price of crypto.
492  Bitcoin / Bitcoin Discussion / Re: OVER 100,000 ATMS NOW LET YOU BUY BITCOIN WITH A DEBIT CARD IN THE U.S on: October 16, 2018, 02:06:48 PM
OVER 100,000 ATMS NOW LET YOU BUY BITCOIN WITH A DEBIT CARD IN THE U.S

Debit card Bitcoin purchase via regular ATMs are now a reality in the United States. This development foregrounds the recent partnership between Genmega and LibertyX. The collaboration allows people to buy Bitcoin from numerous cash machines using their debit cards. Buy Bitcoin

Read more: https://www.trackcoinmarket.com/en/crypto-news/33815/100000-atms-buy-bitcoin-debit-card-us


That is really a nice news for today. Would really count on that when people realize that Bitcoin will be the future and would be gaining a lot of popularity in the future.
493  Economy / Economics / Re: Bitcoin is one of the saviors. on: October 15, 2018, 10:12:41 AM
we certainly hear a lot of people whose their lives change 180% because of Bitcoin

based on https://www.livebitcoinnews.com/venezuelans-turn-to-bitcoin-and-online-gaming-to-survive/
when government policies make them miserable, they find ways to survive.

Do you agree with Bitcoin is one of the saviors and are there any of us who have saved their economic lives since focusing on Bitcoin?
and honestly, I'm one of the people whose economic needs have survived because of Bitcoin  Grin

Yes, it really did helped me a lot on my financial things. It able me to quit my job and truly focus on trading crypto and also trading stocks.
494  Economy / Speculation / Re: What is happening right now? (2018/10/15) on: October 15, 2018, 09:56:59 AM
Today, we started with Bitcoin great pump like end of the 2017. Bitcoin almost %20 rised and reached almost 8K in 1 hour. Then, started the retreat again to 7K.

What is going on Bitcoin? Is it related with Tether? Tether has moved in last days. Can anyone explain?

They said that people took all of their funds from USDT and try to buy it for Bitcoin then that makes the price of Bitcoin go up for the mean time.
495  Economy / Trading Discussion / Re: Massive loss 40% underwater on: October 14, 2018, 03:45:07 PM
Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

You should have cut your losses when the price still isn't bad with Bitcoin and now many people suffer because of this down and would make a lot of people quit crypto.
496  Economy / Economics / Re: The world that all money have become crypto currencies issued by government on: October 14, 2018, 03:37:12 PM
It is said that central banks plan to release their own curypto currency in some countries,for example Japan.
I know it is quite extreme, but I consider the world that coin and bill currently circulated are abolished, and only the curypto currency issued by the central bank circulates.
I think there are some merits and demerits of this system.


Merit for goverment
· Promotion of utilization of blockchain and smart contracts in various infrastructures
· Reduce the cost of issuing coins and bills
· It is possible to prevent money laundering and crime because of catching a money transaction
· It is possible to confirm the history of deposits and withdrawals of funds and possible to reliably catch taxable objects
· Bribery can be eradicated

deMerit for goverment
· Increases a risk of hacking
· It takes cost to update various infrastructure such as payment systems
· Defining the total supply amount makes it impossible to measure to prevent deflation, and If it does not, it will become inflation
· When equipment is destroyed due to a disaster, it will not function as an exchanging means
· Bribery is eradicated

Merit for user
· There is no need to carry cash
· Reduce the cost required for payment settlement
· Easier transfer of assets in inheritance
· Since transactions are recorded on the blockchain, accounting and tax returns are simplified


I think there are other merits and demerits, so I'm happy if you suggest other ideas.

By the way, do you want to live in such a world? I do not want to live in such a world that I can be monitored by the goverment, no matter how convenient it is.


It will happen indeed in the future, but there are many sectors and problems we may want to solve before everyone in this world could ever start using cryptocurrencies.
497  Bitcoin / Bitcoin Discussion / Re: Why should governments accept Crypto currencies? on: October 14, 2018, 03:16:18 PM
We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.

We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.

All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.

Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?

The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?

Curious to know what you are thinking.  Wink

They are going to accept it, but I guess they will have a huge regulation for that since they can't control crypto because it is decentralized.
498  Economy / Trading Discussion / Re: the right time to trade, or wait until the market returns to normal? on: October 13, 2018, 03:50:40 PM
for now the market price is very difficult for me to predict, because it is difficult for me to be able to analyze prices, and lately it is difficult for me to get a profit, exactly what I get is defeat, what is your solution to be able to deal with the market price situation which is very difficult for me to predict, can a trader who is proficient in trading can share his experience in trading for me?

What do you mean normal? When everything is at an uptrend? It isn't normal for me that way. A market is normal as it is sometimes it needs to go down.
499  Economy / Economics / Re: Regulations help stock market exchange, and it will in cryptocurrency! on: October 13, 2018, 03:33:10 PM
Government Regulations may be good or bad, either way I am not sure what could really be the effect of regulations on cryptocurrency. On the contrary, the government regulations on stock market exchange was able to increase the number of investors by encouragement and building up trust and confidence of the investors for stock market exchange. Thus, making it clear that many individuals are getting involve in stock market doing day trade for them to profit.

It was never known that regulations in cryptocurrency may be at help. I came across with an article about cryptocurrency regulations states that some of the investors were now worried and afraid that without clear regulations it will deprive them to enjoy the stay on cryptocurrency. Thus, will not help also the newcomers to feel secured in joining cryptocurrency.

Quote from: Stephen J. ObieMark W. Rasmussen
Given the regulatory uncertainty, the United States also risks allowing fraudulent purveyors of cryptocurrencies to drive out the good. To be sure, federal and state enforcement officials have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms. But without clear and coherent guidelines to attract good actors to the U.S. market, fraudsters might push out the good actors. At least one estimate pegs the frequency of ICO scams to be as high as 80%.have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms.

But what could really be the benefit of regulations?

Quote from: Stephen J. ObieMark W. Rasmussen
Cryptocurrency regulations could help promote order, consistency, and accountability within the cryptocurrency market without imposing undue burdens. And they will help the United States emerge as a wise leader in the regulation of cryptocurrency, which will spur entrepreneurship and innovation in this country. After all, wisdom — more than ignorance — is a truer form of bliss.

So, if one will make the best move to let cryptocurrency be regulated all over the countries around the world then definitely cryptocurrency will be next to stock market exchange. Maybe it could be better than stock market exchange because we are not talking about real money it is a digital currency which aims decentralized currency and to provide good service to its investors or consumers attracting low transaction fee than the current banking system. Hopefully this innovation will push through regulations.

Reference: https://hbr.org/2018/07/how-regulation-could-help-cryptocurrencies-grow



 



Yes, I also see those regulation may have a good impact inside crypto currency market since it will give investors some security for their funds.
500  Bitcoin / Bitcoin Discussion / Re: Where can i purchase large quantity of bitcoins, and remain anonymous ? on: October 13, 2018, 03:20:45 PM
Hello community, i wanted to ask that is there any place where i can buy large quantity of bitcoins like 15-20 bitcoins and remain anonymous at the same time. any help would be appreciated Smiley

Maybe you can get that through another person that has a ledger and many Bitcoins. Everything in crypto is turning centralized since governments see its natural purpose day after day.
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