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561  Economy / Speculation / Re: Bitcoin At $3,000 Looks “Symmetrical” To $20,000 Top, Reversal Possible on: January 31, 2019, 02:54:03 PM
i still think that the bitcoin price is artificially being suppressed as each time price tries rising it is being dumped hard and is kept in the same range.

Timing a bull run to coincide with the MtGox payout would be critical to any manipulators.

If it's still going down when MtGox distributes I would expect a mass dumping, the likes of which haven't been seen since MtGox went under. If however we are in a bull market then I suspect everyone would just hold.....

Nobody knows when this MtGox distribution will happen but it should be sometime later this year subject to legal hassles.

last time I checked Mt Gox was planning on "distributing" fiat not bitcoin. and giving people fiat is not going to crash bitcoin's price! if anything it should lead to a big surge in price since all those bitcoin owners who lost their bitcoins a long time ago would want to get it back so they will buy back bitcoin or at least most of them will do and that should lead to a price surge.
562  Bitcoin / Bitcoin Discussion / Re: Reports of bitcoin environmental damage are garbage on: January 31, 2019, 02:33:51 PM
the power consumption of bitcoin mining has never been about power consumption of bitcoin mining!

it may sound strange but if you read between the lines of all those articles you can clearly see that they are all saying the same negative nonsense about bitcoin itself trying to undermine its utility and potential. and they all are ignoring the fact that bitcoin is the only decentralized payment system that has been working seamlessly on a global scale for 10 years.
563  Bitcoin / Bitcoin Discussion / Re: Future of Bitcoin on: January 31, 2019, 01:34:13 PM
this is just another newcomers who has been misled by the empty promises that the altcoin pumpers had made him. you see when newbies enter this market they encounter a big wave of advertisement that is overselling a useless product called "altcoins" then they slowly start believing in their lies whereas if you bother looking at any of these projects and analyze them you can see that none of them have any kind of advantage as they all promise. in fact many of them are severely flawed.
you don't even have to know any kind of programming or be an expert in blockchain technology, about 80% of the altcoins will be clearly shitcoins only if you download their wallets and send/receive some coins.
564  Bitcoin / Bitcoin Discussion / Re: Bitcoin investors now moving to gold on: January 30, 2019, 05:56:05 AM
the cryptocurrency’s issues with liquidity and store of value.

there is no issue with liquidity nor with store of value when you are talking about bitcoin.
your whole article also seems like your imagination on steroids trying to make up stories about what bitcoin investors do and don't do. what I don't know is why you chose gold! are you investing in gold yourself and are advertising it here?
I don't know anybody who moves from bitcoin to gold. the other direction is happening every day though meaning people move from gold to bitcoin as they see the potential. specially these days that price is at the bottom and is a good time to buy.
565  Bitcoin / Bitcoin Discussion / Re: I noticed Craigslist is accepting cryptocurrency for ad payments on: January 30, 2019, 05:52:07 AM
I have also notice PayPal sent an email saying that they are integrating crypto payments.

Big lier. You noticed nothing, you are just inventing because you're under acid

Paypal doesn't accept any business related to cryptocurrencies, so I doubt they will even start to think about adding it. There was something last year between Paypal and Coinbase but for US citizens, nothing more.

it may be one of those scam attempts when the hacker sends a "phishing email" to a lot of users trying to fool them into giving him their Paypal account credentials so that he can hack them and steal their money. at the same time it may also fool them into depositing some bitcoins into his address which he is faking to belong to Paypal.
566  Economy / Trading Discussion / Re: New Exchange: Should I trade? on: January 29, 2019, 03:40:46 PM
According to me trade in new exchange is always very risky. Also daily trading volume is not so much high and that's why you can't get much benefits.

first of all you don't need high trading volume to be able to make profit from trading on some exchange platform. you just need it to not be dead and have some minimal volume so that it can cover your orders. how much you are you going to buy and sell anyways? 100BTC worth of coins?!
secondly trading volume is not a good indication. meaning if some exchange has high volume it doesn't make it a good one. they can easily fake that data.
567  Economy / Speculation / Re: Will the price of bitcoin be like a bubble, how do we react to it on: January 29, 2019, 01:52:53 PM
it is hard to understand what you are trying to say here!

will there be bubbles? of course, like all the bubbles in the past, we will continue to see other bubbles in the future too. whenever bitcoin price is going to have a big shoot up to the moon when a lot of people get overly excited and rush in to buy, then there will be a bubble shaped up.

is it a bubble now? you are an idiot if you think so.

was it a bubble in the past? yes, a year ago when price reached the ATH, that was a bubble.
568  Economy / Speculation / Re: which way bitcoin price going? on: January 29, 2019, 01:38:49 PM
right now its again goin down
no it is not.
going down means going from $3500 down to $3000 or even $2900 and lower. but when price goes from $3500 to $3400 that is not considered "going down" it is the normal daily fluctuations.

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they way bitcoin straggling some people say it's going down below 2500$
just because price is not rising it doesn't mean it is "struggling" and it doesn't mean it is going to go lower either.

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i don't have much experience in trade and analysis bitcoin and i don't know which one to follow.
then don't try to trade bitcoin!

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so if anyone has good experience in trade and analysis in bitcoin please suggest which way bitcoin price is going.
unfortunately "experience" is not something that people can transfer to one another through comments. experience specially trading experience is something that can only be gained by actually being in the market yourself.

thanks for sharing i know experience is not transfer able but could use some good tips which will help me to do trade

well in my experience if you want to learn how to trade in this market you need to take two steps.
the first step is to learn the basics of trading, maybe even some technical analysis. this step shouldn't take so long and there are a lot of resources online that you can use if you do some search about "trading" as a general term. for example you can read the website called "investopedia" for some great articles.
the second step is to get your hands dirty. the good news is that you can start with a small amount of money, you don't have to invest a huge amount to be able to be allowed to enter the market! you don't have to trade at first either. just look at some charts and try to put what you learned in step one in use. try speculating and see how good you are doing without buying, then start making some trades to get the feeling of the market. after a couple of months you should be familiar with how things work or know whether trading is for you or should you not bother with it.
569  Bitcoin / Bitcoin Discussion / Re: Binance CEO Paints a Rosy Picture on: January 29, 2019, 01:04:53 PM
the "crypto space" is too big to only be limited by the price. and because of that I'd say that it has been in a very good shape even in 2018 that price has been falling. in fact most part of that fall has been healthy for both bitcoin (the part when the bitcoin bubble burst not the part when it dropped way too low) and for altcoins as they needed to get dumped to go back down to their real values instead of their fake bloated bubbles that they used to have. and obviously as prices reach the reality the market also becomes healthier.

but as I said the "crypto space" is too big. it also consists of the developments that are done in this space and it has been more or less the same as ever. we see some small innovations here and there while the copycat coins are still at large.
570  Economy / Speculation / Re: which way bitcoin price going? on: January 29, 2019, 12:52:26 PM
right now its again goin down
no it is not.
going down means going from $3500 down to $3000 or even $2900 and lower. but when price goes from $3500 to $3400 that is not considered "going down" it is the normal daily fluctuations.

Quote
they way bitcoin straggling some people say it's going down below 2500$
just because price is not rising it doesn't mean it is "struggling" and it doesn't mean it is going to go lower either.

Quote
i don't have much experience in trade and analysis bitcoin and i don't know which one to follow.
then don't try to trade bitcoin!

Quote
so if anyone has good experience in trade and analysis in bitcoin please suggest which way bitcoin price is going.
unfortunately "experience" is not something that people can transfer to one another through comments. experience specially trading experience is something that can only be gained by actually being in the market yourself.
571  Economy / Speculation / Re: Bitcoin continues to decline? on: January 29, 2019, 12:43:05 PM
bitcoin price is pretty much stable right now and it is not about to change for no reason. the only thing that can happen without any big news is a rise to begin since it is time for a rise because of the increasing demand. but any drop would require a big negative news and since this is a very low price below the market value of bitcoin such news needs to be a real big one otherwise it won't change a thing.
572  Economy / Speculation / Re: Regardless of the continuing bear market, the fundamentals keep improving on: January 29, 2019, 07:11:17 AM
Believe it or not,a lower bitcoin price may help more for mass bitcoin adoption.
A higher price and a furious bull trend might scare all the businesses,who want to adopt bitcoin.
That's why the fundamentals are getting stronger.

bull or bear markets are not the reason why some people or even businesses are scared of adopting bitcoin. there are a ton of other reasons, for example lack of regulations and fear that the government may ask their business for a hefty tax if they accept bitcoin payments or if the individuals buy bitcoin.
as for the price itself the only thing that may scare people is unreasonable rises and falls which indicate manipulation otherwise nobody cares when price goes up and down naturally.
573  Bitcoin / Bitcoin Discussion / Re: Can bitcoin sustain itself on fees alone? on: January 29, 2019, 06:14:12 AM
I have this question earlier also and somebody suggested that LN will be able to solve the problem.  If bitcoin cost is high, major transaction will be done on LN and when the channel is closed it will written in blockchain and miner will get good fees for that transaction. But user will not mind it because they have transacted multiple times in LN channel so cost per transaction is still small for user.

Sorry: It is all from my memory as I recall, might be some facts get distorted.

the only way that LN can help miners earn some additional income is if they also run a Lightning Node alongside their Bitcoin Node that they have to run to be able to get transactions to include in their blocks. so they can earn additional income.
what you said doesn't make sense because in the end they are still making one transaction on-chain and that transaction has the usual fee like any other transaction so there is no additional income for the miners.

Is that the best solution you can give? Miners to run Lightning nodes to earn additional income?? Miners would rather mine another coin, I reckon hehehe.

I didn't say it is a solution, I said it is an option and it is not meant for miners to earn money that way. I was explaining to r1s2g3 that this is the only way they can benefit from LN not the way he explained it.

people would still mind if the fees were high and remained high. no matter if they made thousands of transactions over at Lightning Network or if it is their one time transaction on-chain from their  wallet to another wallet. besides LN is not supposed to do everything, it is supposed to be the "second layer" and to perform seamlessly the "first layer" which is on-chain has to perform as it should meaning no huge backlogs and no unreasonable high fees.

This comes back to the age-old question: What are "high fees?" Shouldn't we expect fees to rise over time, since they must replace the block subsidy? That was the original design, as I understand it.

Let's imagine a future decades from now, where speculation and block subsidy have much less influence on price. In the long run, shouldn't there be a strong relationship between transaction fees and the actual cost to mine transactions?

Right now, miners are effectively subsidizing that cost through speculation. They're willing to mine transactions for pennies on the dollar because they're in an arms race to mine the block subsidy. Many halvings out, that incentive will disappear. If we want similar or better security, we'll need to pay for it as users -- as fees.

not when there is competition. nobody is going to even use bitcoin if the fees go up to something small like $10 when there can be an altcoin copy of bitcoin or even better implementation using newer innovative ideas (like DAG for instance) with 0 fees. they may be shitty shitcoins today but we are talking about a future when a couple of halvings happened and block reward is smaller, I think it is safe to assume in 20+ years there will be better altcoins!
574  Bitcoin / Bitcoin Discussion / Re: Can bitcoin sustain itself on fees alone? on: January 27, 2019, 08:20:01 AM
because in the end they are still making one transaction on-chain and that transaction has the usual fee like any other transaction so there is no additional income for the miners.

I am saying at that time that single transaction will not be costing a few cents, instead it will be costing some dollars for each transaction. User will be doing most of transaction in LN, so they will not  mind paying the high fees in blockchain when they will close channel.

people would still mind if the fees were high and remained high. no matter if they made thousands of transactions over at Lightning Network or if it is their one time transaction on-chain from their  wallet to another wallet. besides LN is not supposed to do everything, it is supposed to be the "second layer" and to perform seamlessly the "first layer" which is on-chain has to perform as it should meaning no huge backlogs and no unreasonable high fees.
575  Economy / Speculation / Re: Predictions if Bitcoin ETFs are approved on: January 27, 2019, 08:12:55 AM
Many scenarios with ETF are possible and what it's even worse this situation with waiting to be approved or not could last almost forever.
Anyway, if it will be approved to my opinion it will cause positive movements and bigger demand on Bitcoin market but only temporary, I don't expect that to last too long. So, don't expect too much, ETF is not some kind of miracle that will make Bitcoin market to instantly recover.

I also think this is the most possible scenario.
but also if we consider the fact that bitcoin has been ready for a rise for some time now and in fact a rise can be considered long overdue, then we can see if a positive thing happens that can lead to a rise (no matter what that is) then that rise can act as a way of bringing back the confidence to the market and help with the subsequent rises that will take the market out of this slump of uncertainty state.
576  Bitcoin / Bitcoin Discussion / Re: Can bitcoin sustain itself on fees alone? on: January 27, 2019, 07:53:59 AM
I have this question earlier also and somebody suggested that LN will be able to solve the problem.  If bitcoin cost is high, major transaction will be done on LN and when the channel is closed it will written in blockchain and miner will get good fees for that transaction. But user will not mind it because they have transacted multiple times in LN channel so cost per transaction is still small for user.

Sorry: It is all from my memory as I recall, might be some facts get distorted.

the only way that LN can help miners earn some additional income is if they also run a Lightning Node alongside their Bitcoin Node that they have to run to be able to get transactions to include in their blocks. so they can earn additional income.
what you said doesn't make sense because in the end they are still making one transaction on-chain and that transaction has the usual fee like any other transaction so there is no additional income for the miners.
577  Bitcoin / Bitcoin Discussion / Re: Btc accelerator on: January 27, 2019, 07:22:49 AM
your question is very unclear!
have you received a transaction that is not confirmed or have you sent a transaction that is not confirmed?

it is unlikely that your problem is with the fees, so CPFP is irrelevant here since any fee, even the minimum amount of 1 is going to be confirmed. so your problem may be somewhere else. that is why I asked the initial question, if you are the receiver and don't see it, maybe the sender double spent the coins already which is why you don't see it in your wallet. or if you are the sender maybe you aren't broadcasting the transaction after building it.

also can you post the transaction ID here?
578  Bitcoin / Bitcoin Discussion / Re: Can bitcoin sustain itself on fees alone? on: January 27, 2019, 07:11:42 AM

people DO NOT need to pay high fee's to make bitcoin mining functional. here is why

1. having an increased transaction count per block can offset this.
    EG 2000 tx of 25cents doesn't mean 2000 tx of 50cents after a halving. instead 4000 tx of 25cents offers the same solution
    this is not a point where the usual snake charmers shout out "gigabytes by midnight" or "blockchains cant scale".
    reality is they can scale. and it doesnt need to be jumping extra large real fast. but progressively over time


Are you finally admitting that the block size increase in Segwit was the right decision at the right time? Cool

no, he is still saying the same thing as ever. to increase the block size itself with a hard fork but instead of jumping to a ridiculous number like 32 byte, go at it with a slower pace like increase to 2 MB first then maybe a couple of years later to 3 or something like that.
although I still don't understand why he is denying SegWit's scaling that happened already!
579  Economy / Speculation / Re: Will scarcity ever come into play? on: January 25, 2019, 12:18:17 PM
The controlled scarcity of bitcoin that is hard coded and can't be manipulated is the one of the characteristics that makes bitcoin valuable and a store of value in the long run. Unlike fiat, it can't be manipulated by a single entity.

to point out something interesting regarding this I have to say that technically "scarcity of bitcoin" which comes from its maximum cap at 21 million is not written or hard coded anywhere. that is yet another beauty of bitcoin that its maximum is determined mathematically not with some limit written somewhere in the code.
580  Bitcoin / Bitcoin Discussion / Re: So I told my banker about bitcoin on: January 25, 2019, 11:42:37 AM
cash is not going to die, at least not in our lifetime but what does that have anything to do with bitcoin? bitcoin was not created to kill anything! besides who cares what the "bankers" think about bitcoin, it was not created for them to use. it was created so that people don't need them if they chose to spend their money. so that they have an alternative method that doesn't require these third party parasites that can only live because people need them.

they’re too busy to learn it
don't worry in a couple of years they will have enough time to beg others to teach them how bitcoin works and beg people to come back as their business starts to fail and they start needing another bailout.
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