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5041  Economy / Investor-based games / Re: [Trusted Business Investment]--- Get 20% Weekly [15 Vouches +] on: May 10, 2017, 06:12:30 PM
Sent 0.105 more Bitcoin. 

ID:  d54d839a30134299a20a1b9798d1453d764394c15f404b482361b831e6a64e85
5042  Bitcoin / Press / Re: [2017-05-10] Don’t Buy Bitcoin! Says German Central Bank on: May 10, 2017, 03:59:06 PM
Misleading as hell.  He claims that Bitcoin is "issued by unidentified actors".  Clearly he doesn't understand the process of mining at all or that the supply is fixed.

With fiat, inflation is cumulative which means that the purchasing power from holding fiat goes down more and more the longer you hold it.  While you could imagine the straight line of 2% inflation, the reality is that 2% inflation is 2% on top of the last year's inflation, and the year before that, and the year before that.  Holding money for 50 years would make it pretty close to worthless.

By nature Bitcoin is safer than fiat.  The only warning would be that's it's not stable yet, but if people put their money into it then it naturally becomes stable.  That's why the system is more secure.
5043  Bitcoin / Bitcoin Discussion / Re: Japanese Internet Giant GMO is Launching a New Bitcoin Exchange on: May 10, 2017, 03:32:03 PM
We should probably expect more exchanges to open in Japan after regulating it now. Its also nice that more exchanges are opening, we don't want to Chinese whales to hold most of the funds and manipulate the market as they wish to, I believe that stopping withdrawals on the Chinese exchange can be looked positively.


+ $1750

I too would like to see more countries adopt Bitcoin technology big time.  Having China dominate BTC does not give me any comfort.

China doesn't really dominate Bitcoin.  Mining is somewhat centralised from a few Chinese mining pools, however Chinese dominance wouldn't be a problem if the pools were diverse and independent from each other - it's not about the country, it's about the people and just how much power they have.
5044  Economy / Trading Discussion / Re: First trade of altcoin, I am on the right direction ? on: May 09, 2017, 08:35:48 PM
You're on the right direction for day trading maybe, but altcoins have much more wild fluctuations than that and when you lose, you'll lose big.  The most successful traders will buy in when people think that altcoins are dying and sell when people think they're going to take over Bitcoin.  It's all about other people's sentiment and your own - sometimes you have to ignore it and do the opposite because what you feel is exactly what whales who make big money from it want you to feel.
5045  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2017, 08:04:39 PM
Days are getting crazier. Just got back from a hike, glad to be a HODLer, not a folder

But looking at this, I seriously feel a correction is due now. Is FOMO rocket fuel really this strong? Is the entire sentiment going to shift into "BTC is the next BIG thing", accompanied by the masses pouring garbage green paper into crypto gold?
No, not yet.

If you look at the Google search trends, which are one of the best indicators we have of hype right now, you'll realise that actually the interest in Bitcoin was dramatically higher in 2013 than today (at least 50% more and nearly double in some parts).  

What that probably means is that institutional investors are getting involved as well as people with high amounts of savings.  Possibly that could mean that they expect the price to go up a lot more, which is a good sign.  It could also mean that this is a bubble, but that seems unlikely since there are reasons for rising adoption in various countries.
5046  Economy / Service Discussion / Re: How and where I can clean my bitcoin? on: May 09, 2017, 07:42:08 PM
Cut it out you two, there were another two accounts you made a week ago to shill for this extremely shady "service" of yours.  We get it, you don't know how to make a website.

(Note: domain registered less than a month ago and expires after a year).
5047  Bitcoin / Press / Re: [2017-05-08] The Cryptocurrency Race Heats up as Bitcoin Dominance Drops 30% on: May 09, 2017, 07:17:38 PM
The Alt-coin market is about to pop at any moment.
It's already popping - all of the 20 top altcoins' prices have dropped in the past 24 hours except Waves, including ETH and Ripple.  It's either a bubble popping or just them reaching their peak.  Either way I'm happy.
5048  Economy / Exchanges / Re: Poloniexit on: May 09, 2017, 06:51:48 PM
Is this for BTC only? I withdraw my LTC from Poloniex yesterday and everything went smooth. Transaction took less than 10 minutes and affer that I see my Litecoins where I want it to be. Have you raised your concern to the support team? It might only need a follow up and you will see your funds out of Poloniex.
I received a Bitcoin withdrawal recently.  However, I am thinking that they're stalling on the biggest Bitcoin withdrawals and allowing the smaller ones.  Some people have quite a lot of money on Poloniex,

They really are acting shady - I think they'll stay online and keep screwing people over gradually for a long time rather than just running off, a bit like BTC-E's possible selective scamming.

The problem is that most people seem to assume that if they got a withdrawal themselves everything is fine, when often it's not.
5049  Economy / Trading Discussion / Re: Poloniex caused the market to crash on: May 09, 2017, 06:35:23 PM
No trades for the past hour on poloniex because of "server lag." Its been happening the past few days too. Mods say they are "working on it." Lol.

Pretty sad considering the daily profit they make from fees.

How did it cause the market to crash? The price on poloniex is $1792 which is an all time high.
There was a very slight dip recently of ~$20.  I wouldn't call it a "crash" at all, just regular price fluctuations.  I really don't think that Poloniex is affecting the price yet - the situation isn't dire enough yet.  In a couple of weeks it might be a different story.
5050  Economy / Service Discussion / Re: WARNING! crypto.voyage is hacking you! DO NOT DOWNLOAD! on: May 09, 2017, 03:07:15 PM
It's also an older version of Sampey's trade bot (reference). Distributing a virus along with stolen work... what a bunch of scumbags.

If you're about to head onto the guy's trust page, click here.

it is not an old version of C.A.T trading bot (Sampey's trade bot) it is not even a bot. it is a malware.
the website is just using a low res cropped screenshot of Sampey's trade bot and shows it as their "bot"

you can easily find the picture with a quick google search: https://bitcointalk.org/index.php?topic=1904782.msg18913289#msg18913289
Seems according to other people that they are actually selling the copied bot - they're just selling it along with malware.  This would be good for them since the user wouldn't automatically assume that it's malware as soon as they've downloaded the file because then they'd be running virus checks and being really careful with their transactions straight after they downloaded it which would make the malware find it harder to operate.
5051  Economy / Service Discussion / Re: Bitcointalk Like Forums on: May 09, 2017, 02:15:03 PM
There are not other forums who can compare with this one in term of what you learn there compared to what you learn here. Clearly here is the best place to learn about bitcoin and to keep yourself up to date with latest news and developments. Other forums are trying to emulate this one without success so far.

You can have a look at Reddit and search bitcoin there, they are a useful community for almost everything.
Reddit used to be somewhat interesting for discussion, but now they're just a cesspool of rambling idiots from r/btc and r/bitcoin yelling at each other.  The Internet is like that sometimes.  Bitcointalk is the best forum and place for Bitcoin related discussions.
5052  Economy / Service Discussion / Re: Bitcointalk Like Forums on: May 09, 2017, 01:53:12 PM
Short answer: No.

Long answer:  There are a lot of forums like the one at bitcoin.com, bitcoingarden and loads of others.  None of them are even close to Bitcointalk really in terms of anything.  If all you care about is signature campaigns, they're basically a weird Bitcointalk phenomenon anyway and nowhere else does them on the same scale.
5053  Alternate cryptocurrencies / Altcoin Discussion / Re: Whats the different POW and POS algorithm ? on: May 09, 2017, 08:36:45 AM
The wiki article is a pretty good explanation.  Basically, in Proof of Work a person/pool's chance of mining a block is determined by how much computing power they dedicate to the network.  In Proof of Stake however, a person's chance of let's say "creating" a block is determined by their stake in the coin (how much they hold).  This doesn't necessarily prevent centralisation but it does encourage re-investment in the cryptocurrency so that people don't cash out to fiat straight away.  There are also hybrid systems like what Ethereum is starting to move towards for now.
5054  Other / Beginners & Help / Re: Do wallets exist that don't require your ID or bank account? on: May 09, 2017, 08:14:47 AM
Nearly no wallets ask for your ID or bank account.  Only exchanges ask for your bank account, which are not wallets as such (Coinbase has a "wallet" but that's essentially an addition to their exchange).

As for wallets where you own the Bitcoin properly, which is what you'll probably want for your trades, you could try software wallets like Electrum or if you don't mind taking up a lot of space and bandwidth you could try a full node like Bitcoin Core.

You also might want a hardware wallet like a TREZOR if you're not tech-savvy or you're prone to malware.
5055  Bitcoin / Press / Re: [2017-05-08] The Cryptocurrency Race Heats up as Bitcoin Dominance Drops 30% on: May 09, 2017, 07:23:31 AM
So, imo, bitcoin is in a in tip-top shape, there's nothing to worry about.
I've been reading this kind of quotes since when bitcoin dominance was around 90%.

So, my question for you is: at what % will you start to worry?
Never.  Altcoins (with the exception of ETH and Ripple) are thinly traded which means that $1 spent on them goes a lot further to increase their market cap than it does with Bitcoin.  The market cap is meaningless because it's not actually to do with traded coins.

Even dropping well under 50% would be meaningless because that would just be diversity of cryptocurrencies.  None of them would be bigger than Bitcoin and even if they were they wouldn't have to be competitors.

I'd only care if the Bitcoin price dropped below ~$100 (extremely unlikely).  Very little else would matter.
5056  Economy / Speculation / Re: Where is all this new trading volume coming from? on: May 09, 2017, 07:02:15 AM
Trading volume for the yen has increased significantly recently.

Interest rates in Japan are terrible and people there have a lot of savings as well as usually being quite welcoming to new technology, so the pieces all add up for an increase in wealthy citizens and institutional investors putting money into Bitcoin.
5057  Bitcoin / Bitcoin Discussion / Re: Been away some 10 days, what's up w/ price and SW vs. BU? on: May 09, 2017, 06:28:59 AM
The price is still kind of illogical but there are some positive points.

-Bitfinex agreed to an external balance sheet audit and the price premium is under control
-The ETF is under review
-Litecoin is implementing SegWit

If you consider Google search trends and stuff like that, you'll realise that Bitcoin's hype hasn't increased as much as the price has.  The chances are that it's a moderate amount of institutional investors getting involved rather than a grassroots movement of individuals.  Coindesk called it the "second wave of Bitcoin price growth".
5058  Economy / Exchanges / Re: POLONIEX - NO WITHDRAWALS, TAKE CARE on: May 08, 2017, 08:35:45 PM
People are waiting since 3 days for their Bitcoins.

My own withdrawal is "Avaiting Approval" since 17 hrs, NEVER EVER HAPPENED BEFORE and I have big acount history.
Mods in the shoutbox saying that it take up to 24 hrs, but there are many people claiming they wait longer.


ANYONE getting a bigger withdrawal through the last 24hrs?
Alas Poloniex is as of yet still minor exchange that cant move the price too much in either direction.
Poloniex is a huge exchange.  They're the biggest altcoin exchange by far with hundreds of millions of dollars in trading volume every day.

Personally I received a small withdrawal (about 0.035) recently after ~3 hours.  It is unusual to see any delays and complaints though, and I won't be one of those people that ignores other people and pretends that problems are just FUD because that's exactly what happened when other exchanges went to shit as well.

Poloniex isn't looking really bad yet and it's not worth taking out all of your coins, but it is looking a tad shady.  Too much USDT being traded as well.
5059  Bitcoin / Press / Re: [2017-05-07] Well Known Investors Are Betting Big on Bitcoin on: May 08, 2017, 04:28:49 PM
How can investors ignore a Currency/Commodity that has out performed all other Currencies and Commodities for the last couple of years. Yes,

the debate is still ongoing if Bitcoin should be classed as a Currency or a Commodity, but there is no debate that it is out performing both. You

are blind if you cannot see that Bitcoin should be in your investment portfolio, even if it is only 1% to 10%  Wink
It hasn't outperformed other currencies at all, since the usage is mind-bogglingly small.  If you're lucky, you'll see someone buying some technology with it (or a coffee - why they do that I'll never know).

It's outperformed other investments and assets.  It might well outperform other currencies in the future, but it hasn't happened yet.
5060  Economy / Speculation / Re: Warning: Bubble about to pop. on: May 08, 2017, 02:57:24 PM
The 2013 pump isn't comparable to today's prices.  The price has been (nearly) consistently over $1000 since around the end of 2016, whereas in 2013 it was a sudden rise and drop.  You claimed that it was going to drop very soon a while ago, and a while before that, and a while before that.

Actually, if you look at the Bitcoin Volatility Index, you'll realise that the price has become more and more stable as time goes on and volatility has been at one of its lowest levels ever recently.

I really don't get why you're still on the forum.  It seems to me like all you've posted is FUD for years.
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