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5101  Alternate cryptocurrencies / Mining (Altcoins) / Re: Where to find new coins to mine? on: May 11, 2020, 05:29:55 AM
Like the above poster said, the best place would be to browse the coin announcement section every day or so. And you will see which coins are launching soon and can be prepared to mine. However keep in mind that a lot has changed since 2014-2015.

Back then most coins that were launched were on the Scrypt algo or the bitcoin SHA256 algo, pretty much there weren't any other algos out there. These days the issue is that most coins are ERC20, which you can't mine. You can only buy them. There is a coin here and there which might have no premine (or low premine) and you can mine it however the issue then is if it will get listed on any exchanges. Back in 2014, it took maybe 2-3 days for most new coins to get listed on Poloniex or Mintpal (remember them) and it was very profitable for miners.

Now things have completed changed.  Gone are the days of instamining low difficulty coins and selling as soon as it hits an exchange.
5102  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 10, 2020, 05:07:22 AM
This reminds me of the days when I would take low risk bets with huge turn-over to gain a higher rank on Primedice back in the 2015-2016 days. For those of you who don't know they had a ranking system based on BTC roll-over and chat logs in the trollbox. The more you bet and the more you trolled on the trollbox you gained a higher rank. The higher ranks had bragging rights and other gems like a big 3000-4000 Sat faucet (keep in mind this was when BTC was $200).

Either way I figured, might as well bet 1 BTC on the lowest risk possible which was like 99% or something. So I did maybe 10 bets and I won all of them, figured I would go down to 0.50 BTC on base bet in case I get hit with a loss, again didn't lose in the next 10 bets. So far 20 bets all winner, lowered to 0.25BTC did the same, then at like 0.10 BTC bet I got a loss. Hence I decided to go back to 1 BTC base bet, figured what are the chances of hitting a loser anytime soon. And guess what, after like 8 rolls or so, bust. Entire 1 BTC gone.

Was pretty upset and was stunned for a while. Keep in mind this was like $200 or so back then.
5103  Economy / Trading Discussion / Re: Forex Broker on: May 10, 2020, 04:42:43 AM
Whether you trade forex, crypto, futures, stocks or options. Its all pretty much the same. They are all insanely difficult to generate a profit in. Especially on lower timeframes rather than using a "set it and forget it investment approach".

Forex has its benefits and its cons. Most exchanges give you high leverage because forex has small moves and it would be very difficult to make a profit without leverage. The markets have great liquidity, so you won't get a 20% day with forex like you do with crypto.

I think the cons is that it takes decades of experience to master it. There are tons of main pairs and exotics and they can be hectic at times. Especially during news event or employment numbers.

So open a demo account, try it out and see if its for you. Most likely you will make money on demo, but with a real account you will find it more difficult than imagined.
5104  Economy / Trading Discussion / Re: question about copytrading? on: May 10, 2020, 04:38:49 AM
I would advise against using any of those to trade your hard earned income. The reason is because even though they seem profitable and made money in the past, almost all of those signals have a huge drawdown at one point.

Usually what can happen is your account can easily be down by 90% at one point, then the market reverses back to your entry and you might end up with 5% profit. They take trades which have a small reward and a huge risk.

Eventually the account will reach 99% and you will be liqidated, sometimes even earlier due to spread and maintaince margin requirements. So just keep that in mind. They usually work well for a short period but eventually it will end up blowing up your account. So if you try it, do it with a small amount first and see what happens.
5105  Economy / Speculation / Re: 2 Days countdown for halving. Come and leave your idea. on: May 10, 2020, 04:23:22 AM
Alot of the miners were prepared months in advance for the halving. Halving is nothing new to BTC miners. The only miners that might shutdown their equipment is when all of a sudden they look at their pool stats and they are making half somehow. These are the novice miners which only represent a small percentage of the overall network. Most BTC miners unlike ETH are large farms with great electricity rates with the grid. They arent home miners paying $0.10 kwh.

People assumed this back in 2016 and they were expecting the network to halve in hashrate and the blocks to be 20 minute long. However look what happened instead. From the hashrate charts it looks like it remained the same after the halving. Because it was known way in advance what will happen. The difficult should retarget in 6 days after the halving anyways so even if 20% of miners leave the difficult will adjust fairly quickly and we will get 20 minute block times back.
5106  Economy / Speculation / Re: Sudden fall in bitcoin price after successful halving, Post-halving prediction. on: May 10, 2020, 04:18:41 AM
Well here is the thing. Everybody was expecting bitcoin to dump after the halving. They were pretty much using BCH and BSV halvings as examples. So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?

Except usually what the market expects is the opposite of what happens. So either wouldn't dump AFTER the halving or we dumped BEFORE the halving which is what happened a few hours ago. We went from $9600 to $8100 in minutes and it looks like many of this was selling on Binanace. So unless we engulf this $9600 dump and break $10K again, then I don't see us pumping anymore anytime soon. We can break $8100 area and head into the $7xxx areas and trade there for months.

Hence if you bought in $3-7K areas in last few weeks, hopefully you took some profits already at $10K.
5107  Economy / Speculation / Re: Will Bitcoin exceed 20k this year like in 2017? on: May 10, 2020, 04:15:02 AM
Is it possible for bitcoin to exceed $20K this year? Well look at the charts. From Feb 2020 we went from $10K all the way down to almost $3K. Then from March we went from $3K all the way up to $10K since yesterday. Then a few hours ago we went from $9.6K to $8.1K in about 3 minutes. Hence anything is possible.

If you take the $10K price as a benchmark and add 20% days, then it would only take 4 days of constant 20% gains to breach $20K. So yes its surely is possible. Look at the stock market. People are losing jobs, unemployment numbers are at depression levels and it keeps making new daily highs. Makes no sense pretty much. So neither do the crypto markets.

So I wouldn't bet again it going to $20K, but I also wouldn't long right here and expect to see $20K before the end of the year. Sure its possible but unlikely.
5108  Economy / Trading Discussion / Re: He Lost His Investment. See what Happened! on: May 10, 2020, 04:10:47 AM
There are basically tons and tons of these scams all over Youtube, Reddit, Twitter, Facebook, etc. Basically since the Covid19 break and people being stuck at home there is massive surge of people who are investing in stocks for the first time and some of those people are investing in cryptos as well.

Since they are new to trading and have no idea how it works. They usually fall easy prey into these signal services or people that promise to manage their money for them. Basically if you are new to trading, you have no idea if the person who you are following actually trades for a living or not. They use complex terms like Elliott Waves and Fibonocci to lure easy traders in. Then eventually they want a monthly fee which is not refundable and usually what ends up happening is they while the markets are trending they make money but as markets shift they start to lose money and eventually run-a-way with their investments.

This has been happening for pretty much years. This is why you should take the time to invest your own money instead of relying on other people.
5109  Economy / Speculation / Re: 2 Days countdown for halving. Come and leave your idea. on: May 09, 2020, 07:41:01 PM
Most likely what will happen will be the complete opposite of what everybody thinks will happen. There are 2 ideas of what will happen post-halving.

1) Dump - Due to the dumps that occured in BCH and BSV when their halving took place. Many are expecting the same with Bitcoin.

2) Pump - Due to the halving of the supply and the amount of gains that we got in the past due to the halving the price might pump.

So basically short-term it can go either way. However I think in the long term, end of 2020 we will most likely pump. We might still break and hit $7K but I think in the future we should clear $10K finally and proceed to the ATH. However it might not happen in the next 30 days like everybody else is expecting.

I think a few days after the halving there might be dump attempts and many bull and bear traps. However if these get bought up due to institutional investment in the BTC futures then its pretty bullish. Since the massive supply gets over turned by the even larger demand. Hence its very bullish short-term.
5110  Alternate cryptocurrencies / Mining (Altcoins) / Re: SSD and RAM mining on laptop on: May 09, 2020, 07:33:58 PM
When he meantions SSD he is referring to hard drive mining and I think his reference is to Burstcoin. However its been years since I last checked since it was profitable.

Right now I am pretty sure its not worth it. And the issues are this.

I don't think you will make any money with an SSD due to the lack of available space, to mine burstcoin you need Terabytes of space. Something that SSD usually lack.

Second is that you will burn out the SSD due to the write cycles. SSDs have a life cycle due to the amount of data written to it and most likely after a few weeks the SSD will be at the end of its limit.

Regarding RAM mining, as far as I know there is no such algo at the moment.
5111  Alternate cryptocurrencies / Mining (Altcoins) / Re: Can I mine with a Laptop (a strong modern one)? on: May 09, 2020, 07:30:21 PM
Like everybody has said. Sure you can try mining but most likely you won't make any profit but you might end up starting a fire due to the constant heat, heating the battery and causing the battery to swell or explode.

Right now ASIC miner and GPU miners are barely making any ends meet. The time for home mining is over. Even if you got cheap power and your gear is paid, the profits are nil.Best time to mine on a laptop was about 10 years ago when BTC was first launched and nobody was mining it. Right now there is no point to even try.

There are some CPU coins worth mining however you can do it on a desktop but probably not idle on a laptop due to the poor heat circulation. Desktops can have larger heatsinks than laptops and thats why they can handle the constant heat, not laptops.
5112  Economy / Speculation / Re: BTC Halving about to make a major move? on: May 09, 2020, 06:59:40 AM
I got to tap on the rear view mirror here, do you not see the 3k to 10k move and thats a considerable move.    We'll likely digest that change in price before moving so considerably again in such a short period of time of just 8 weeks.
   People demand a little too much, got to let the cart horse rest if you want progress.   There is no set course but thats what I expect and how I remember 2016 roughly.

Bitcoins price was around $10K back in Febraury, and the move to $3K was mostly due to the covid19 mess. Its all connected. The China stock market started to crash in Jan 2020 when it got very bad there. Then when it started to get worse in USA, the NYSE started to crash in the middle.

Issue with bitcoin was its correleation to stocks and its high leverage due to future exchanges like Bitmex. So the decline was sudden and there were way too many overleveraged longs that opened a position in Feb 2020 because it passed $10K and they were buying due to halving pump. If they all longed on spot they would of been fine.

Most don't remember but people "wished to have longed below $10K" back in Feb 2020. So when it dropped they long on leverage and probably kept added on the breaks and dips and eventually liquidated at $3.5K.
5113  Alternate cryptocurrencies / Mining (Altcoins) / Re: KAPOW Ravencoin Benchmark testing, price per hash which GPU to choose on: May 07, 2020, 05:40:42 AM
The numbers for RX series look a little odd to me, basically they are

RX 480 8GB   9.2mh  99 watt
RX 570 4GB  10.5mh 133 watt
RX 580 8GB   12mh 133 watt

The RX 480 and RX 580 8GB is pretty much the exact same GPU. Why is the RX580 almost 30% faster and using 33% more power. Also how can the RX 570 4GB be faster than the RX 480GB?

The power wattage also is a bit off. The 480/580 8GB are identical cards but the wattage is different, I guess because the 580 8GB hashes more however if thats the case why does ther RX 570 4GB which is slower also use the same wattage?

Maybe run these benchmarks and tests again.
5114  Economy / Speculation / Re: say welcome to THE FOMO... on: May 07, 2020, 05:33:07 AM
Here is the thing. Everybody is expecting "buy the rumor, sell the news" because of what happened with BSV and BCH after the halvings. So since everybody is expecting a dump? Most likely it won't happen.

I am sure it could however I think a good indicator of bitcoins price 3-6 months from now can be what happens right after the halving. Its suppose to dump but what if it doesn't? Means that there is more demand than supply and its growth is good.

However if it dumps and heads back down to the $7xxx area I won't be surprised. Either way, if you want to long don't do it on margin or leverage.
5115  Economy / Speculation / Re: Bitcoin Whale says bitcoin prices could fall post the halving event. on: May 07, 2020, 05:28:15 AM
I've been following that guy for a few months now. He is indeed a big whale however his risk/reward is way off. He was seen in the past having an -$20,000,000 unrealized profit that turned into +$20,000,000 realized profit. So basically he enters way too early in most of his trades.

He stated how he trades, he said a few months back that no real money is actually flowing into bitcoin and crypto and this entire rally is just leveraged traders. Basically someone with 1 BTC can buy up to 100 BTC and its what lead us up here, issue is that if the rug is pulled then who will absorb that 100 BTC sell order? Not even bids obviously. Hence his reasoning for being short.

Looking at
https://leaderboard.bitfinex.com/

It looks like he is still in this position and currently at BTC price of $9300 he is down like $-20,000,000. It doesn't show on the 1M unrealized profit range because his losses started >30 days. And he obviously didn't get out of the position yet as his realized profits are still $0. No idea why he just doesn't take the loss.

Maybe he knows something we don't. Either way it looks like most likely we won't drop until after the halving at least and by then we can be way over $10K and his losses would be in the >-$25 million range.

5116  Economy / Gambling / Re: Which site is your way to hold and gamble with crypto?! on: May 07, 2020, 05:16:02 AM
I am curious why the OP originally created this thread title with "Bitnexor your way to hold and gamble with crypto!" and later changed it to "Which site is your way to hold and gamble with crypto?!"

Also the entire first post was completely changed. At first he was shilling his Bitnexor site which he is the admin of according to his user id page and now is just appears one sentence is left.

I think all he wanted to do was get someone to quote it once and now his ranking on google seo will be improved since there is a link to his website from this thread. He changed the topic and body probably not to get labelled a spammer. I am getting suspicious here.
5117  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Why we trust binance exchange? on: May 05, 2020, 06:05:19 AM
Reason why they got alot of hack attempts is because they are the largest exchange, so its normal for them to get targetted alot. If there is a new exchange with horrible security with zero clients and never gets hacked, does it mean its better than Binanace? Of course not.

Regarding the hacks, from what I recall they aren't exactly Binance's fault. From a popular hack about a year back or so, it seems that many people reused the same username, password and no 2FA. The hacker simply enabled API access for all those accounts, maybe a hundred or so. They bought some very illiquid altcoin prior for next to nothing. Then they all of a sudden pumped the coin 100x and the hackers orders were filled. Then he attempted a withdraw and it failed, his BTC was confiscated and they reversed most of the trades. So good security on their part.
5118  Economy / Gambling / Re: Streaming using DiceBot for over a week :) :) on: May 05, 2020, 05:43:01 AM
Really surprised he used Youtube for this, generally whenever people do this its usually Twitch. Youtube i think also has a limit for live videos, they can't be over 24 hours or something.

Why do it? Well you would be surprised how much attention these streams can get.

One example is of how one guy on Bitmex trollbox kept spamming his twitch video of him going 100x on some trades. He kept getting liquidated over and over again but it was entertaining to watch. No idea if the stream of money he got was enough to cover his losses.

I think what would make his stream more successful is instead of some auto dice bot he just went and did a 1.0 BTC roll on 50/50 on dice and that would be pretty intense for most people and would get plenty of viewers.
5119  Economy / Gambling / Re: 🔥🔥🎲 SATOSHIDICE.io 🎲🔥🔥 - 🍀 Lucky Jackpot 🏆 Daily Races ⭐ Provably Fair on: May 05, 2020, 05:32:45 AM
Hence there would be punitive damages there alone which the other partys lawyer would argue.

Only if the other party would argue about that . Alot of people know that the original satoshidice was sold already, probably more than 1 time also there were tons of satoshidice script copy out there few years ago as well.

If someone comes to this site because they thought that this is the original satoshidice then they would know at first glance that this is definitely not the original site. Not that the site claimed that they are the real deal as well so I guess there is really nothing to worry about though

You know the site is not the original satoshidice because you are not new to the crypto world. I am talking about new adopters who see some bitcoin documentary, and decide to try out Satoshidice so they google it and, they might discover satoshidice.io and think it the same original site as before.

If you go to the root site satoshidice.com and scroll down, there is a copyright notice at the bottom. Since this is crypto, there is a chance that nothing will happen. However since the site is fairly new and not too late they are better off just changing the name to prevent any further headaches with the real satoshidice owners.
5120  Economy / Speculation / Re: One block left until final difficulty change before reward halving on: May 05, 2020, 05:24:42 AM
Yes the difficulty went up fast because the price quickly reversed. So basically the miners that shut down they started their rigs back up again, no surprise there.

And it will be interested what will happen after the halving. So basically its 6.5 days away and the difficulty retarget is 14 days, so if half the miners leave the network in about 7 days, it means that it will take another 7 days for the difficult to retarget down. So this retarget we might be in for up to 3 weeks or so. So hopefully you get all your transactions done and sent because the fees won't be pretty for the next 3-6 weeks or so, unless the price increases.
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