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4881  Economy / Speculation / Re: Bitcoin price overvalued? Price Today: $1,827 on: May 11, 2017, 03:54:33 PM
currently price may be higher than it could have been and there is a big chance of some correction time up ahead when price drops and stays low.

but i strongly disagree with the notion of calling bitcoin price "overvalued". it is actually undervalued.
there is still a very small amount of bitcoin available for the whole world, the same 21 million which about less than 16 million is available considering all the lost coins. and with all the adoption and new investors it means price should be a lot more than this. $1827 seems as stupid as the 2009 $10 sounds
4882  Economy / Trading Discussion / Re: Which is better: Trading Forex, Stock, Metal or Crypto? on: May 11, 2017, 03:39:48 PM
Am considering going into trading Stock or Gold/Silver but don't know how it's done. Am into Altcoin Trading, so far so good except that it fluctuates dangerously. I need to try other...
 Is stock as profitable?  I need your opinion.

it doesn't matter which market you choose, what matters is how much experience you have in each market and with dealing with difficult situations in trading.

you can see someone making a lot of money from Forex, another from Stocks and many around here from altcoin trading.

but all of these people have a lot of experience that helps them be successful and at the same time there are a lot more that are losing money.

so try to find the market that you like and understand more then enter that market and try to learn the tricks.
4883  Economy / Speculation / Re: China is coming back to the game, moon? on: May 11, 2017, 03:32:33 PM
I don't think China can easily retain the lost control that China had over bitcoin in the past. China once made the fake volume to generate the market value which too made it downfall in their​ own economy. Right now without any external influence the price move is quite good and will reach peak values.

from what i have seen China never had any real influence on the market. they just showed a very big trading volume which was partly because of their margin trading partly because their 0 fee trading and also partly because of competition.
and whenever price went in any direction people said it is because of China.
rise > China was pumping
drop > China dumped.
now that they are out, the same rises and falls are happening and people have nobody to blame!
4884  Bitcoin / Bitcoin Discussion / Re: Ulmart.ru to accept Bitcoin on: May 11, 2017, 03:14:17 PM
ah, finally some real action from Russia.
these days it seems like each time i open bitcointalk or reddit and read some news is see another country doing something new about bitcoin. it is a good feeling to see real bitcoin adoption as a currency rather than just reading about price and how more people are investing in it!
4885  Bitcoin / Bitcoin Discussion / Re: Is bitcoin becoming out of reach on Common Man on: May 11, 2017, 03:04:23 PM
nobody is forcing the "Common Man" to buy 1 whole bitcoin. there are 8 more zeros after the decimal point and they can choose any amount they want to buy.
1BTC= 100000000 sat

and besides there should be a difference between someone who didn't listen to the FUD of others and bought when it was cheap and someone who did listen to FUD and didn't buy or sold his coins.
4886  Economy / Trading Discussion / Re: Poloniex caused the market to crash on: May 09, 2017, 05:40:49 PM
haha, it is actually the other way around my beginner friend Smiley

whenever market is crashing, poloniex goes down. a positive way of thinking is saying they go down because of the massive amount of traffic their website gets, a lot of people are trying to sell their coins to survive the crash with smaller loss. not to mention all the bots and all the stop losses that are kicking in when price is falling! and their servers are not strong enough to handle all of this. so they go down or at best become super slow.

a negative way of thinking is that they are shutting many out to prevent them from dumping their coins. for example their ETH tokens so they can prevent or at best slow down the process of catastrophic market crash.
4887  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2017, 05:35:35 PM
how many more times does the price have to rise up before some people start believing that bitcoin is still super cheap!
each time we have a rise ($300, $400, $600, $1000, $1500,... $2000,...) they say "i can't afford to buy bitcoin", "it is in a bubble", "i will wait to buy when it came down", "it will fall",... and then it goes up another $100 and they start repeating themselves.

so when is it going to change? at $10K!
4888  Economy / Speculation / Re: What is the right number of BTC to own in order to become rich in 10 years?? on: May 09, 2017, 05:17:23 PM
I was wondering, how many BTC do anyone needs to own in order to become rich in 10 years.

 Smiley

0

because all those who think this way are going to end up losing a lot of money.
in other words, in order to become rich, you need to invest a big amount. i see 21BTC and 10BTC in suggestions that is ~$37000 and $17500
and when you invest that much money in something (doesn't matter what) and they have fluctuations, specially in bitcoin with huge ones. you can not stay calm and happy.
lets say you bought 21BTC right now and price went down to $1600 you simply lose about $3000 and that is when you sell. then price goes up to $1700 and you buy again, you lose another amount of money. and so on.

instead of this mental pressure, just invest what you can afford to and hold it. if price goes down, no worries. if it goes up, no worries again Smiley
4889  Economy / Trading Discussion / Re: For New Investors - The 3 Percent Bitcoin Rule on: May 09, 2017, 05:11:46 PM
I have a better rule. I keep 50% of my coins in cold storage, and don't plan to access them until 2030.
These coins are not going to be sold at short term peaks/valleys, and are my bet for long-term wealth creation.

a few have the 50% rule

only invest an amount that if 50% was lost, wont make you want to commit suicide.

if the price doubles and you really need the funds, sell half (meaning 100% ROI while keeping half as bitcoin)

if that remaining half doubles. sell half of the remainder.. keep half (25% of original stash sell 25% of original stash keep)
if that remaining half doubles. sell half of the remainder.. keep half (12.5% of original stash sell 12.5% of original stash keep)

but only sell if you really need the funds or you think you can use the funds to buy in cheaper later if its just an obvious speculative spike

i don't have the habit of clicking on random links so i don't know what OP is talking about with his 3% rule but this makes sense. and i am kinda doing this too.
mostly with my altcoin trading, i keep my investment and take out the profit, but things are easy in altcoin market as you get the 50%+ so soon.
i have to add this one to the details of my investment Smiley
4890  Economy / Micro Earnings / Re: Earn Money In Blog on: May 09, 2017, 05:00:35 PM
I am using a-ads (previously known as Anonymous Ads) for my blog. The payout is OK, but much lower than google adsense. It is useful, if your blog can't qualify for adsense. Coinurl is another choice, but the payout is not that high.

becoming qualified for google Adsense is not that hard actually, you just need a decent amount of traffic and that goes for any ad network.

i agree on a-ads but Coinurl is not such a good place, i have heard so many complaints about them not paying.
4891  Economy / Trading Discussion / Re: need best suggestion for trading on: May 07, 2017, 04:41:39 PM
i honestly don't know why so many people are suggesting an investment in ICOs these days. there are a lot of scams going on using ICO and people are losing a lot of money because of it which means it is not really a good idea to invest in these things.

also there is no guarantee that an ICO coin would be successful in the future. and you have no way of knowing if it is going to fail or not. and statistically speaking there is a high chance of failure.
4892  Economy / Speculation / Re: sub 1000 gone forever on: May 07, 2017, 04:14:24 PM
buyers will come in at 1100-1200 on next dip.  you will never again get the chance to buy a bitcoin for under 1k.

Sub $1400 maybe gone forever the way things are going...

nah, it is too soon to say that.
lets wait until ETF is rejected once again and if price could hold above $1400 then we can talk about whether or not sub $1400 is still possible!

(the first rejection price went down from $1230 to ~$900)

We are not getting an Etf,but I don't think people care about that
As much as last time
Japan  as a nation treating Bitcoin as a legit currency is worth more than an Etf would be, especially if you don't live in USA

Also depends how high we go between now and the next Etf rejection lol... 



haha i don't live in US and i couldn't care less about ETF nonsense but it seems like market cares a lot about it for some weird reason!
in any case i hope i am wrong as this rise is all or at least 90% because of Japan ...

when is this one going to be rejected anyways? i heard it is next week but i couldn't find it on the news.
4893  Economy / Economics / Re: Switzerland as a bitcoin haven on: May 07, 2017, 04:02:05 PM
Yeah Switzerland is alway well know for such things. When money comes or something precious comes Switzerland is always there and it has to be there.  Grin Bitcoin is being accepted everywhere and that too anonymously. Why Switzerland would ever stop there. They will acquire a big empire of bitcoin to attract more customers and people will reach out there for their money's safety as always they have done when it comes to money which comes in bonds.  Cheesy

Well, I have an idea which I want to share

After the US government forced the Swiss banks to reveal information about their clients and their money, it might in fact have been the Swiss gnomes themselves who had hammered Bitcoin specifically to get rid of Uncle Sam's supervision, surveillance and control. If I were them I would certainly feel hurt, upset and humiliated when they had been literally made to disclose this info, so it shouldn't come as surprise that they eagerly welcome Bitcoin (even if it were not them after all who created Bitcoin)

Well it could be.

Switzerland banks has been famous for its secrecy. Hence, a lot of rich people have a bank account somewhere in Switzerland. They don't disclosed any information of the account holders name except for extreme cases like illegal activities or terrorist links. With the best banking strategy and most stable economy in the past years, Switzerland has emerged as the best option for banking service. However, I'm not aware of Uncle's Sam meddling of Swiss banks policy of non-disclosure, however if this is the case then maybe what you said may be very well true.

this was in the news. i didn't pay much attention to its details because i don't live in US and i don't have a swiss bank account Smiley
but US has forced Swiss banks to reveal all the information they have on every single bank account of US citizens there. i don't know how much of even if they resisted but in the end the agreement is like this:
Swiss banks automatically, without being asked, send all the financial details of their customers to US.

http://www.swissinfo.ch/eng/banking-secrecy_swiss-parliament-clears-us-fatca-deal/36858508
4894  Economy / Speculation / Re: sub 1000 gone forever on: May 07, 2017, 03:57:02 PM
buyers will come in at 1100-1200 on next dip.  you will never again get the chance to buy a bitcoin for under 1k.

Sub $1400 maybe gone forever the way things are going...

nah, it is too soon to say that.
lets wait until ETF is rejected once again and if price could hold above $1400 then we can talk about whether or not sub $1400 is still possible!

(the first rejection price went down from $1230 to ~$900)
4895  Bitcoin / Bitcoin Discussion / Re: WARNING:network under Massive spam attack. on: May 05, 2017, 04:14:28 PM
does anyone happen to know where I might find records of the highest unconfirmed txs are?

https://statoshi.info/dashboard/db/memory-pool
play with the dates on top right corner of the screen to look at a longer term.

blockchain.info also has lots of charts too:
count (number of transactions): https://blockchain.info/charts/mempool-count
size of the mempool: https://blockchain.info/charts/mempool-growth
aggregate size: https://blockchain.info/charts/mempool-size
4896  Bitcoin / Bitcoin Discussion / Re: WARNING:network under Massive spam attack. on: May 05, 2017, 04:00:50 PM
Nobody have any incentive to attack bitcoin network with spam transactions like this other than the one behind bitcoin unlimited to create FUD that block size must be increased  Grin

i wouldn't jump to any conclusions without having any proof. there are a lot of people/groups that have enough incentive and enough money to do a spam attack of this scale on bitcoin network:
  • both sides of the block size debate (and this consist of all their supporters)
  • altcoin pumpers. we have been seeing in the past month that altcoins like Ethereum and Dash have benefited from bitcoin's debate and big mempool and all these delays. and they both have enough money to do such an attack. we have even saw topics about this from their supporters before their pump started.
  • miners. lets not forget with a spam attack, fees go up, and with that miners earn a lot more money.
  • an entity that doesn't want bitcoin's usage (government?) i'd better stop here before i am assassinated Grin
4897  Economy / Trading Discussion / Re: What's the best crypto trading research websites? on: May 05, 2017, 03:53:43 PM
because you are googling wrong Smiley
you should start searching for basic trading stuff, not specific to "crypto trading" if you are new to trading. and there are a lot of websites like investopedia with easy explanation of many things, it even have a part about bitcoin and trading it.

also there is this site called tradingview which you can see some nice topics there about trading and some analysis which can be pretty useful. (yes it has crypto trading).

coinmarketcap that people repeat is just a list of altcoins, it has nothing more. you can find links to announcements, websites, and where they are traded but it is not helping with trading.

the term "shitcoins" comes from the fact that cryptocurrencies started on a massive scale with bitcoin and since it is open source anybody can copy its code and create his own. that means a lot of newbies did that and still do it, and end up with a very bad code that they have no understanding of. and that coin is being traded.
also some call altcoins that get pump and dumped a lot, are manipulated, have pre-mines, have some sort of scam like ICO, ... as "shitcoin".
the meaning is not really set in stone Wink

as for direction to buying, i say don't just jump in. start watching the market for a little bit, put all you read to work and see how successful you can be. then small with a small amount of money like 10-20 dollars and work your way up.
4898  Economy / Speculation / Re: WARNING INCOMING CORRECTION on: May 05, 2017, 03:45:44 PM
i really hope some day people around this board put more thought into their posts. like adding a freaking chart, some analysis, some solid price predictions.

yeah we all love HODL and MOON chants but it would be great to see some analysis too. Roll Eyes
4899  Bitcoin / Bitcoin Discussion / Re: Earning Bitcoins on: May 05, 2017, 03:39:11 PM
I am fascinated by Cryptos, do you think it's feasible that I can actually earn bitcoin without investing fiat. Your thoughts?

You earn bitcoin the same way you earn fiat: you must work for it or provide some sort of service . I don't understand why people think bitcoin is free money.

If you want to get started with your first BTCs, join a signature campaign, it's useful to get some without having to buy them, then you can test it out. Faucets are pretty useless nowadays so sig campaigns are the best for noobs.

Faucets aren't useless if you want to earn $0,02 every hour though ;')

are you for real?
is 1 hour of your life worth only $0.02? the cost of internet and the electricity cost that your computer is using is so much higher than what you earn!
not to mention wasting your time Smiley
4900  Bitcoin / Bitcoin Discussion / Re: Are Miners or others stealing our bitcoin? on: May 04, 2017, 05:10:32 PM
what you did wrong was spending what was not yet confirmed (tx starting with b3d86....) and that tx had a very small fee (28 s/b).
your transaction (tx starting with 50bf...) also had a small fee (150 s/b) so both were dropped out of mempool (it is the pool of memory that nodes have and keep transactions there, drop out of it means nodes forgot about it)

i got the rawTx for the first transaction (b3d86...) pushed it.
then i got the rawTx for second transaction (b3d86...) and pushed that too.
(got rawTx from smartbit and pushed using blockchain.info)

now they are both in mempool.

read this for detailed explanation of you can do: https://bitcointalk.org/index.php?topic=1802212.0

for now keep trying ViaBTC, that tool is only accepting 100 tx per hour and there are thousands of users trying it so it is obvious that their submission is filled fast.

you can also contact Quickseller and ask for help, it may require additional fee.
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