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5041  Bitcoin / Press / Re: [2018-1-5] Mark Zuckerberg wants to introduce cryptocurrency to facebook on: January 05, 2018, 03:30:13 PM
Consider means nothing, there is too many news reported about a country or a company "consider" to accept or regulate cryptocurrency but nothing implemented so far.

Considering to do this or that doesn't sell, wanting to do this or that does. It's classic click-bait title tweaking to get a few extra clicks and to make the article seem more interesting than it in reality is. If we look a bit further, it's an okay article in the way that Facebook is just looking at what the options are, but it might take years and years before they actually work everything out, if ever. In all honesty, I don't think we'll hear or see much of this again this year, which at the same time shouldn't be surprising. There is far too much talk going on nowadays from all sorts of entities, but all with no actions to back up their words.
5042  Bitcoin / Bitcoin Discussion / Re: Is bitcoin used by criminals ? on: January 05, 2018, 02:59:55 PM
If some people say that bitcoin should be banned because they're used by criminals why, don't they ban flat first? Just a simple logic. Grin

Because people are idiots. I can even abuse PayPal's platform to purchase drugs and whatnot, and that without being noticed by anyone. It doesn't cost me any effort to buy a prepaid bank card which I can use to top up my PayPal account created with fake information, and from there finance terrorism, buy drugs and weapons, etc. Does that mean PayPal should be blamed for that? Nope. It's the end user that should be blamed, and never the tool. In other words, if people want to ban Bitcoin, then they should ban literally anything that potentially allows itself to get abused. In that case there will be nothing left to pay with, and should we then disable the entire internet as well?  Cheesy
5043  Economy / Speculation / Re: 2018 predictions on: January 05, 2018, 01:48:57 PM
I know it's a hard topic, but I am in crypto for quite some time, but one thing bothers me with Bitcoin. It's slow and expensive to move it so I don't do it and rather use Ether. It's also not useful for everyday life when you want to pay for goods. What went wrong?

Nothing went wrong, really. It's just that the demand for blockspace has outperformed Bitcoin's current capabilities by a great magnitude. Segwit has been activated to give Bitcoin that extra push, and to buy time in the runup to Lightning Network, but it lacks serious adoption, which is a shame. Those who transact with Segwit, are enjoying lower transaction fees, but that only goes up for a far minority of the actual users here. If nothing changes in that regard, we just patiently have to wait for LN to make its public appearance. But hey, everyone is free to make use of an altcoin. It's an open market where no one forces you to stick with Bitcoin, which is a fantastic thing.
5044  Economy / Speculation / Re: Is it the end...? on: January 05, 2018, 01:12:16 PM
Do you really think that bitcoin's dominance will just suddenly disappear?

People should learn the difference between market cap and market share, which is something that even Roger Ver with his years of economical knowledge still don't know. He looks at the market cap dominance of Bitcoin and says that Bitcoin's market share has gone down to an absolute bottom, while he is spreading utter nonsense and false information. People don't understand that it's the actual ecosystem that matters, and the usage and network strength that comes with it. For a lot people it's just as simple as coin A has a higher price than coin B, so it's better. Cheesy It just shows with how many empty headed chickens we have to deal with in this crypto space.
5045  Bitcoin / Press / Re: [2018-01-04] Coinbase to Customers: Don't Forget to Pay Taxes on Bitcoin Gains on: January 04, 2018, 10:53:53 PM
Doesn't that directly apply to all exchanges where we are verified at? I get it that the big boy amongst all exchanges is being seen as the easiest target for authorities, but in the same way we should fear other exchanges to do the same as Coinbase did. Coinbase openly shared everything regarding the authorities, but what if an exchange as Bitstamp or Gemini is experiencing the same, but then without it being publicly known?

It surely does, so that means we all risk penalties in case the government has indeed forced a behind the scenes 'cooperation' with other exchanges. However, I do believe that an exchange will try to bring it up to the court initially, mainly because of the fact that they know if there is some sort of governmental cooperation, it will be similar for them to break their own terms, and directly put their traders in danger. I expect things to at that point to play out in a similar fashion as how things went for Coinbase. Governments look for big fishes, so they will probably compromise with big account holders there, and ignore the smaller fishes, because that would make the most sense.
5046  Economy / Speculation / Re: Lightning Network was tested on mainnet today! on: January 04, 2018, 10:15:10 PM
It will be massive if/when LN is implemented, BCH will be left behind for ever as a pet project for Libertarians.

BCH, or as Roger very much likes to hear /s BCASH, is already obsolete. If we're more precise, it has been obsolete from the very moment it forked. I have seen a few Q&A videos where he talks down on Bitcoin, and claims that BCASH has more right to the claim of being Bitcoin than Bitcoin Core itself. Funny thing is that he isn't exactly sure what coin will eventualy be taking the number one spot in this market. He even pointed out Ethereum to have a chance of being that, which basically shows his lacking confidence in hiw own shitty coin. If you're so confident that your own shitcoin is more Bitcoin than Bitcoin Core itself, then it should be the one on top for, but nope, he doesn't dare to say such a thing.
5047  Economy / Trading Discussion / Re: BTC are getting dumped, is this repeat of 2013 pump and dump? on: January 04, 2018, 04:35:36 PM
Some newbies think bitcoin is still acting like it's in the old days.
Basically that. It pretty well explains why there still are idiots believing that Bitcoin can be worthless overnight. It's basically what I constantly see on TV when the mainstream media reports about Bitcoin. They repeat that the Central bank advices people to not buy Bitcoin because people can lose all their money instantly when the price goes down. Cheesy

The market totally changed. We're not in the old patterns, the pattern is more serious with tons of market investors and high volume exchanges.
Most people just ride the hype and don't even understand what it is they are investing in. I constantly hear people around me say that Bitcoin isn't issued by the government, so it's not legit. In other words, it's a scam according to them. The only difference these people see is that back in the days Bitcoin was $100 and now $15,000. If you explain them what Bitcoin really is, they just rehash their own idiotic logic, which is that it isn't issued by the government, so it has no value like the Euro or the USD have. Cheesy Cheesy
5048  Economy / Exchanges / Re: Which of those exchanges did you hear about or have used before ? on: January 04, 2018, 03:59:35 PM
But I hear negative feedbacks about Yobit like stealing clients bitcoins and stuck withdrawal I think.

Yobit is a shitcoin exchange, and for that reason should never be trusted with any serious amount of coins, which is why most people just trade there with low amounts. That however doesn't mean that Yobit is actually stealing anyone's coins, it's just their severe incompetence. Yobit, regardless of how much of a shitcoin exchange it is, is generating enough income to not be in need of people's pocket change. Yobit can steal pocket change once, but they can continue to generate income for plenty of more years by keeping everything running like they have been doing. Easy choice for them right? But damn, the list you compiled consists of shitcoin exchanges for the major part. Cheesy
5049  Bitcoin / Press / Re: [2018-01-04] McAfee Warns of Advanced Hacking After Twitter Account Hijacking on: January 04, 2018, 03:20:08 PM
How ironic, the security expert himself got hacked. It's a bit of a fake'ish seeming story. If those who have the ability to pay someone within AT&T to gain access to whatever high level entity's important data, why should they just try to gain access to McAfee's Twitter account and from there do shoutouts to a few shitcoins? If they played it out in a better/smarter way, they could have gained much more than just what they have done with McAfee's Twitter account. I don't buy it. It's probably him having thought to make a few quick bucks like, but once that didn't seem to happen, he quickly blamed hackers for posting. This guy has never been shy of getting media attention, and that at all cost. Roll Eyes
5050  Bitcoin / Press / Re: [2018-01-04] Coinbase to Customers: Don't Forget to Pay Taxes on Bitcoin Gains on: January 04, 2018, 02:44:37 PM
It's a pretty understandable move. Coinbase is not just a strict platform in its entirity, but the government itself is closely following them as largest economical entity in this market. It's basically them being kept under very close observation in a more severe form than any other service that this market counts. If I was completely verified with all my personal detals there, I would definitely not risk getting a penalty for not paying due taxes due to the history of Coinbase exchanging user data to the IRS. It's not worth the penalty in the end, because it will strike way harder than when you would have paid tax through the regular way.
5051  Economy / Scam Accusations / Re: HitBTC scam! on: January 04, 2018, 02:24:00 PM
i had transfer 14600 trx never received to my wallet! I read also other rewiew about these scam website

Instead of sending whatever shitcoin to a shitcoin exchange directly, you should first do some proper searching whether or not it's safe to make use of that service. It's always the same, people first need to get burned in order to do research. If people do research first for once, they will suffer far less from losses and other inconveniences. Hitbtc has a pretty long history of bad reputation, which seems to have gotten worse this year. It's either them not being able to cope with the increased user activity, or they don't know how to run an exchange, which in this case both options seem very plausible. I don't believe that they at this point in time have the intention to scam people. It's pure incompetence.
5052  Economy / Speculation / Re: Bitcoin vs "Dot Com 'bubble'" on: January 04, 2018, 01:29:03 PM
Well Bitcoin is currently mostly used as a store of value, also an investment, it is similar to the dotcom bubble in that regard.
Bitcoin is being used mainly as speculative investment tool. The majority of the people have yet to understand what store of value actually means. And then if people do somewhat understand what it means, there is still a major gap between the side who thinks that Bitcoin is a perfect store of value tool, and the side who thinks that Bitcoin isn't a store of value tool at all.

However the difference is, it required technical skill and marketing efforts to profit from the .com bubble, whereas bitcoin is finite by design, and hence increases in value due to this design.
People back in the days didn't had the technical skills that you are talking about. It was just pump money into anything having to do with the internet, and that was really it. It resulted in businesses heavily losing money, to still be able to attract millions and millions in capital. It was more a period lead by blind rage buyers.
5053  Economy / Speculation / Re: A stable Bitcoin on: January 04, 2018, 01:08:39 PM
I am a trader, so I like the volatility, and with me millions of other people, but I won't mind stability either. If we have Lightning Network running, and a stable price that will slowly but surely increase throughout the years, I would even start thinking about getting my employer to pay me in Bitcoin completely. I would gladly ditch banks and whatnot, but it's more a wishful thought rather than something I can see become reality. Regardless of how much regulations we go through in the coming years, the free market nature of Bitcoin will always be present, and for that reason not completely reliable to have as sole income source. I have bills to pay, and that's something that requires me to have a stable currency, which fiat is doing well in that regard.
5054  Bitcoin / Bitcoin Discussion / Re: United Kingdom’s National Cryptocurrency Ready to be Launched in 2018 on: January 03, 2018, 11:41:11 PM
This is good to know that some countries are now startinh to adopt digital currencies which I also thinks will help to market bitcoins and all other alts but somehow I feel worried about the idea that if a a certain coutries will be having their own national crypto currencies chances are bitcoin will be restricted unless declaration of bitcoin as a global currency will be made

State issued digital currencies won't do anything for our current crypto market. Governments just try to upgrade their current ancient financial system in the hope that people will choose them over our crypto currencies. It however won't happen. State issued digital currencies are more centralized than ever before, and they are still subject to all the negative aspects of this on debt based system. The only thing people gain from it is that they enjoy a higher level of convenience, but they pay a much higher price for it than ever before. Definitely not something I am looking forward to, and neither should others do. People should understand the danger of these state issued currencies, because it gives the government more control over your wealth than ever before.
5055  Bitcoin / Press / Re: [2018-01-03] ECB governor calls for tax, regulation on bitcoin on: January 03, 2018, 11:01:10 PM
Instead of talking about what the plans are, or how things should be, enforce these regulations for once. Even though I personally am part of the no tax over my holdings camp, I don't mind tax related regulations, and it in reality shouldn't be so difficult to put Bitcoin into one of the main categories that people need to declare on a yearly basis. If I am not trading at all, and just solely hold Bitcoin through, the tax I am subject to is near 1.5% every year. In all honesty, it's not all that bad, but the problem is that if you don't cash out anything, which then would require you to pay another form of tax on top of the 1.5%, you are losing out. It means that you have to pay the money out of your own pocket each and every year.
5056  Bitcoin / Press / Re: [2018-01-03] Total Crypto Market Cap Hits New All-Time High Over $700 Bln on: January 03, 2018, 10:39:48 PM
Usually I am not really a fan of looking at the global market cap, but it feels good that we are slowly climbing up towards that magicial $1 trillion level. Seriously, who would have thought years ago that this was possible to achieve in just a matter of a few years? It feels like a week go where Bitcoin's market cap was still below the $1 billion level. Some people even speculate about Ripple to surpass Bitcoin's market cap at some point, but let me tell you, it already happened. Wink Coinmarket cap shows only the circulating supply of Ripple, which is 38.7 billion, while in reality it has a 100 billion total supply. If we calculate from there, Ripple has surpassed Bitcoin for the second time, with currently a market cap of $317 billion. And let me tell you how much that means -> ZERO.
5057  Bitcoin / Press / Re: [2017-01-02] China’s Largest Bitcoin Exchange Heads to Japan and South Korea Wit on: January 02, 2018, 10:07:29 PM
The Chinese government's moves have actually pushed bitcoin trading to the fringes and made them more difficult to regulate.

That was pretty much expected. I am glad that people can revert to the peer market, which has been exploding in volume lately. China is so insanely paranoid on anything that comes from outside, that they just ban anything they deem to be a threat. Their stupidity however made Bitcoin even more of a threat now people buy and sell Bitcoin 'underground'. Basically the same has happened in each and every country having banned Bitcoin in whatever form or shape. One thing is however sure, now that China isn't forming much of a problem anymore, this market has been more solid than ever before. In that regard, I am actually happy that they have diminished themselves as important market factor - they have caused too many problems already, it's enough now.
5058  Bitcoin / Press / Re: [2018-01-01] Is Kim Jong Un Responsible For Bitcoin Price Gains? on: January 02, 2018, 09:38:34 PM
It's however no coincidence that if the price is going up, the growth is linked to illicit practices, where WannaCry was mentioned to be the reason for growth at that time.

I laughed so hard at the time the mainstream media was stating that. According to them, businesses world wide were stacking up Bitcoin just in case a potential ransomware infection would strike them, which caused the price to increase exponentially. I don't even understand how these idiotic news sources don't hire people who are actually understanding how everything related to this market works. Bitcoin is either used by criminals, or a plain bubble, or a hype that will soon dry out. There is not a single thing in Bitcoin for them that gives them at least a slight clue of why people are investing in Bitcoin, and why it keeps gaining traction. Instead of always inviting traditional market analysts and other idiots, bring in knowledgeable individuals with a crypto backgroud who can explain how everything works, etc.
5059  Economy / Speculation / Re: Predict the price January 1, 2019 on: January 02, 2018, 08:53:33 PM
It's nothing more than throwing with guesses, but I'll aim at an increase of 100% from current levels till that time ($30,000). If we look at certain events that we have ahead of us, then each of these events should stimulate the market to move forward over the major part of this year. I however like how people in general have lowered their predictions massively after the 'decrease' from the all time high. Instead of aiming at $30,000 in 2017, people have changed their predictions to have that price level be the target for this year. Grin
5060  Economy / Marketplace / Re: bitcoin transaction fees has put me out of business on: January 02, 2018, 08:05:31 PM
I totally agree, don't really know the reason why bitcoin transaction fee has become so huge

It's very simple. The demand for block space has grown so large, that people are "fighting" with each other to get their transaction in the first next block. And to make this happen, you have to outbid others like it is an auction. It's basically a bidding war that we have seen happen in the last weeks, which resulted in the massive fee spike to over 0.002BTC. Currently you can pretty easily attain first block confirmations with around 0.001BTC per transaction, of course, assuming that your transaction has the average byte size. It's a 50% decrease in fees, which is a pretty welcome change. Smiley
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