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5661  Economy / Trading Discussion / Re: Wash trading with crypto exchanges on: May 09, 2019, 06:24:27 AM
What's that "BTI verified" sign?How can this BTI company verify that those exchanges aren't faking their trading volume?Or this is just some marketing trick so more people might choose the crypto exchange platforms that are "verified",while they fake their trading volume too?
I will continue to repeat that centralized crypto trading platforms are no better than banks.
5662  Economy / Gambling discussion / Re: Which factors influence your decision of choosing an online crypto casino? on: May 09, 2019, 06:19:52 AM
1.The amount of active players.
2.Online reviews about that particular casino.Are there people being scammed...
3.Withdrawal limits.
4.Simple and clean design.
5.Is the company running that online casino licensed.
5663  Economy / Speculation / Re: Bitcoin just broke $6000! (2019) on: May 09, 2019, 06:15:51 AM
Finally the strong resistance at $5900 has been broken thus the price of bitcoin hits $6K in 2019, based on price action there is tendency that the price might retrace to the former resistance turn support.
Obviously this is a good news bitcoin had struggled for long price-wise thus prompting some deregotry remarks that bitcoin won't survive here is bitcoin proving many analysts wrong.

That $5900 resistance was like very hard to break in the last 2 days and then BOOM, $6k was broken so easily. And the thing is, we have like negative news around (Binance hack, Tether + Bitfinex fiasco), but the market wasn't even moved by this kind of news. Indication that investors are really in and there might be fresh blood that is willing to put cash in the ecosystem.

Tether has nothing to do with BTC.The Binance hack can't have powerful influence over the market because there the year is 2019,not 2013 and we have hundreds of big and medium sized crypto exchange platforms and the trading volume doesn't rely on one big platform.
The 6K USD bitcoin price can be considered good news,but I believe that a summer price crash is still possible.
5664  Economy / Exchanges / Re: Binance #safu fund on: May 09, 2019, 06:06:44 AM
If the analysis is correct that Binance earns 7000BTC every 47 days then the 10% of that went to SAFU since 4 July 2018 only amounts to less than 5000 BTC  so they must be funding the rest from reserves

Is there some place or address where we can monitor or see what is the current amount in their SAFU. I certainly praise Binance for doing this, but the hack could have been bigger and its good to know how much they have in that fund. I haven't really noticed them saying how much would the SAFU cover this time.

Binance might rean 7000BTC every 47 days,but what about all their operational costs?
I'm sure that those 7000BTC per 47 days isn't pure profit.However,if Binance was hacked once,it will be hacked twice.They have to find their weak spots and invest money into increased security,which will increase their costs even more.
5665  Economy / Gambling / Re: Bitcoinpenguin.com on: May 08, 2019, 12:06:20 PM
What are your guys' experiences with bitcoinpenguin?

1.I think that this topic belongs to the Service Discussion forum.
2.Why are you asking?Did you have any issues with this website?
3.It would be great if you describe that website in your post,OP.People might think that you are just spamming the forum,so more people to google "bitcoinpenguin" and visit the website out of curiousity. Grin
To answer your question:I have had no experiences with this website and I will never have. Grin
5666  Economy / Speculation / Re: Quickly accumulate Bitcoin before the market breaks down 6K$ in the second 2019 on: May 08, 2019, 12:00:34 PM
Bitcoin price (BTC) will soon increase again, but investors need to accumulate more coins before the second half of 2019, quoted Fundstrat Global Advisors, a market strategist on May 3.

In a statement to customers on May 2, Fundstrat analyst Robert Sluymer said that while strong signals show that the market is rising strongly, the accumulation of coins has not ended. The BTC / USD pair has risen sharply during this week to reach the peak of 2019 on Friday, continuing on the way back to position in November 2018.

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

I don't trust Fundstrat since their last year predictions that were completely wrong.
They are just a bunch of monkeys,that keep watching the charts,and if the bitcoin price goes up,they start with the "it will go up" predictions "based on their analysis".I've never seen any good Fundstrat analysis so far.
5667  Economy / Trading Discussion / Re: How to Think Profitably - a Trader’s Mindset on: May 08, 2019, 11:52:44 AM
The optimal trader's mindset is this:
1.Be ready to fail in the begining.Be ready to fail big.There's nothing wrong with that,failure is more important than success in the start of every jouney,because you learn from it,while if your are successful right from the start,you become arrogant.
2.Have good signals.
3.Be patient.
4.If the market crashes,don't panic sell.
The risk/reward analysis is important,but without proper knowledge,you could still fail.
5668  Bitcoin / Press / Re: [2019-05-06] Bitcoin Investors and Judas Iscariot on: May 08, 2019, 11:47:46 AM
Wow,I've seen a lot of FUD and hater opinions about cryptocurrencies,but I've never seen anyone to compare crypto with turds. Grin
I don't get the Judas Iscariot reference here.Why are the crypto traders compared with Judas?Are we betraying Jesus Christ(Wall Street)?If this is what Munger means,I'm happy that we are betraying the holly Wall Street. Grin
5669  Economy / Service Discussion / Re: Freebitcoin bot - What do you think about this tool?? on: May 08, 2019, 11:43:13 AM
Hi all,

Please take a look at the videos of this channel:
https://www.youtube.com/channel/UCcNJ6YPxoFRDsb3e9gw6jXQ/videos

It's a tool that works for Freebitco.in and helps users to implement different strategies. Bet automatically and collect free satoshis every hour.

It uses a new approach for betting based on history. Instead of betting always HI or LO (or alternate), it bets based on history (statistically, the sum of HI or LO that we get tend to be equal...). Watch the videos for more details.

Leave your comments, feedback, suggestions, etc.

Thanks!!


So far I've never seen a working betting bot.Betting based on history isn't a better concept,you could still lose all your money with this tool.This is totally pointless if you ask me.Sites like freebitco.in should be used just for fun and not for "making money".You can't create a bot that will bring you insane profits.If most of the people had access to such bot,crypto casinos would bankrupt.
5670  Economy / Exchanges / Re: Binance losing 7000 BTC and the consequences of a ROLL Back on: May 08, 2019, 11:37:03 AM
Don't we have enough threads talking about this topic already?

https://bitcointalk.org/index.php?topic=5140532.0

https://bitcointalk.org/index.php?topic=5140544.0

More and more threads = Pointless FUD which is why I urge you to lock this thread and continue your discussion in one of the threads that I linked op.

My point isn't the hack. My point is the conversation taken place thereafter, about rewinding the clock and returning the funds using the 51% hash power, when I posted this I didn't see anyone else write about that simply about the hack.



The 51% "roll back" idea is quite interesting but what's the cost of implementing it.Binance is a big crypto exchange platform,but they don't have enough money to fund 51% hash power.What if they have to spend more than 40M USD in order to get back the stolen 40M USD?
5671  Bitcoin / Press / Re: [2019-05-08] Binance Confirms 7000BTC ($40m) Security Breach on: May 08, 2019, 06:33:28 AM
Another reason why big centralized cryptocurrency exchange platforms are obsolete and we need to move to peer-to-peer crypto trading.Every time the crypto prices start increasing something bad happens. Grin
Can't people understand that crypto exchange websites are the same as banks,except that they are more vulnerable.
5672  Economy / Speculation / Re: Road to $6k level and beyond! - BTC on: May 08, 2019, 06:28:51 AM
Let's not be so excited about that.I guess some crypto whales started buying btc slowly(it was about time).Soon the noobs are going to take over the trend and spread more optimism,but the bubble will burst(mostly because the year is 2019,not 2017 and nobody really thinks that bitcoin will hit a new ATH).
5673  Economy / Economics / Re: 2019 Crypto Budget Plan on: May 08, 2019, 06:23:50 AM
Do you spend money for electricity,internet,phone bills?
Those type of bills take a lot of my monthly income,but it's going to get better next year.
It's always good to have control over your costs,but nowadays people use credit cards,overdrafts,loans,etc.
which shows how incompetent they are when it comes to personal finance.
5674  Economy / Speculation / Re: Article: BTC bubbles repeat, but much higher ? on: May 08, 2019, 06:18:17 AM
I think that all those btc bubbles have negative effect over mass btc adoption.It's like moving in a circle.
More btc adoption leads to a higher btc price,which leads to all the speculators and risk takers flooding the market>another bubble>the bubble bursts>mass dissapointment and people leaving the crypto space.
It all starts again.Perhaps a more stable btc price could help for mass adoption,but this won't happen.
5675  Alternate cryptocurrencies / Altcoin Discussion / Re: [2018-04-02] Russian Gazprom to use blockchain technology on: May 07, 2019, 12:19:42 PM
I'm pretty sure this is fake news.Gazprom doesn't need blockchain technology.They are a big monopoly within the gaz industry so efficiensy is not their priority.They might want to implement blockchain in order to fire some clerks and optimise their costs,but I don't believe it.
5676  Economy / Trading Discussion / Re: Bitcoin prophesy has shown up again. Which side would you belong? on: May 07, 2019, 12:14:58 PM
With recent surge in Bitcoin above $5000, those prophets and prophetesses has come again to predict. All there predictions in late 2017 and early 2018 that Bitcoin will not rest and gasp for breading until it reaches $80,000 per Bitcoin failed to hold any ground. They have lead millions that are following there channels bankrupt in which they are yet to recover. That is why it is good to always do your own research and follow it strictly, even-though it failed, you will be more satisfied than shifting blames to someone that is directing your decision financially. I have found out that majority most times are always wrong.

Why all these stories, they are silent for over a year and suddenly re-appeared about a week ago. Now, there prophesy is that Bitcoin will re-traced to $4200 before we experience any tangible moves, telling there followers to place a pending order around that range. Personally, I don't agreed with them but have an opinion that they will join to buy in $6300 - $6700 range. Technically, on which side would the shift goes based on your justification.

Nobody should trust prophesies.The market is not a religion. Grin I trust only my analysis.
I was expecting bitcoin to return back to 5K-6K USD,but I wasn't expecting this to happen so fast.
It looks like a stable growth,but there's no valid evidence for that.It must be some short term price pump.
5677  Economy / Speculation / Re: BTC PRICE TO BE WORTH 1 BTC = 1 BTC on: May 07, 2019, 12:11:17 PM
At that time,there were no cryptocurrency exchange platforms and no online crypto wallet services.
Satoshi's vision was too utopian and kinda wrong,I guess.
OP,your title is complete nonsense.Off course that 1btc=1btc,but the most used global currency is USD and we have the habit to evaluate everything in US dollars.That won't change. Grin
5678  Economy / Economics / Re: Brexit what effects will this have on cryptocurrency? on: May 07, 2019, 12:06:56 PM
15 days left for brexit. Will this bring the price of bitcoin and other main cryptocurrency price up or down.
Will uncertainty add to more investor buying cryptocurrency to save the price drop or increase in pound and euro.

Or

Will this not effect the price.

Brexit was postponed again.They will postpone it until forever.In the end,England might even not leave the EU.
The bitcoin price is going up,but this has nothing to do with the brexit shit...
The brits won't buy more bits. Grin
5679  Bitcoin / Bitcoin Discussion / Re: Automated blocksize increases on: May 07, 2019, 12:02:45 PM
If you need bigger blocks just use Craig Wright/Roger Ver's altcoins that use the name "bitcoin" and don't bother.A bigger Blocksize is not the ultimate solution to all problems.Is there any problem with the current bitcoin core transaction speed or confirmation time?I don't see a problem.So STFU....
5680  Economy / Gambling discussion / Re: Will you buy lottery online in bitcoin payment? on: May 07, 2019, 06:23:20 AM
Hi, I’m Karolus and interested in lottery and blockchain.

I am now planning to make a lottery purchase platform where you can buy lottery in bitcoin.

It's not another lottery program, we'll buy a lottery ticket in a physical store if you order online. And 70% of the processing fee(about 10% - 25%) will be taken for customer's order or referral as a rebate.

I’m doing a survey now. If you have the same points of interest with me, fill the form down below.

https://forms.gle/wEqK5oqrzTDYeFbQ8

You can visit our site https://spot.games.

You can subscribe us https://mailchi.mp/d5efde969427/spotgamessubcribe if you are interested in my project.

My telegram account is https://t.me/karolusM, feel free to contact me and give me advice.

You can also reply to me here.

Thank you anyway.

No,I won't buy a lottery ticket with bitcoin of fiat,because it's pointless.Lotteries are called "stupidity taxation" with a reason.Smart people don't buy lottery tickets,because they can do the math and realise that it's no worth it.By the way,your business idea is kinda weird.If you buy a real physical lottery ticket,that means that your are the owner of that ticket and all it's potential profits.
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