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581  Bitcoin / Bitcoin Discussion / Re: Would it be fair to say that BTC miners are voting on the correct transactions? on: January 25, 2019, 11:22:43 AM
I could be wrong, but the way I understand it, miners can choose which transactions their nodes accept and put in a block. They're not voting per se as the confirmed transactions depend on which miner actually mines the block. I guess they can "vote" or at least let their opinions be heard by not choosing to mine certain transactions like in this case.

that is still not "voting" though. it is a "choice" to reject certain transactions. and it is not just SegWit transactions (which I haven't seen happening like that reddit link is saying) it is also the fee thing which they are rejecting any transaction that has low fees (like lower than 1 satoshi/byte or even 0). and is also not "voting". and it can be mitigated by having more competition in the scene.
582  Bitcoin / Bitcoin Discussion / Re: How good were you at understanding Bitcoin tech before investing in it? on: January 25, 2019, 10:42:16 AM
I have never felt the need to understand how bitcoin works or as you call it understand "bitcoin tech" in order to use it. I only cared to know how it works as a beginner, so I only bothered with the basics of it and didn't confuse myself with anything advanced.
later on, as time went by I became more interested in learning more about bitcoin so I also increased my knowledge which is still don't find "necessary" to use bitcoin. I just learned it because I like to know more.
583  Bitcoin / Bitcoin Discussion / Re: Another ETF proposal : Bitwise on: January 25, 2019, 10:30:08 AM
the bull run will start with or without ETF.
it may be possible that we will never see this " bull run " again

yeah, from day one that bitcoin was created, anything was possible. it might have died in first thousand blocks and never meet the second month of its existence but it did continue existing for 10 years and not just that, it continued to grow and be adopted by countries as a currency too!
and since I don't believe bitcoin is dead, I'd say the chances of not seeing a bull run is zero.
584  Other / Off-topic / Re: A KYC database sold on the Darkweb ? on: January 25, 2019, 09:57:37 AM
I participated in many ICOs that requires a KYC. After I readyour post, i feel nervous because I realized that our identity is not safe anymore. There are a lot of buying and selling of identities so it is now not safe to give our identities in excahnges and ICOs.

that is your own fault though because you were blinded by greed!
there simply has never been any reason whatsoever for an ICO to ask for KYC. Know Your Customer laws only apply to things that are regulated and want to follow the regulatory laws. no ICO in the whole world has ever been regulated. in fact they are illegal in most parts of the world!
that leaves only one reason for asking KYC, and that is to sell it and make more profit.
585  Economy / Games and rounds / Re: Ok, here's a 1BTC puzzle. on: January 24, 2019, 07:06:32 AM
lol i think this puzzle is kidding and OP is not active in this many days
Maybe. Fact is: the signature checks out, so OP does own the address holding 1 BTC.

We know that "?" cant be a part of a file name.
That limitation depends on your Operating System. I can put anything (except slash "/") in filenames.

a puzzle has to be logic in all cases


that is only true if you assume the puzzle was designed correctly. but not everyone is capable of designing a well thought puzzle, so there is always a chance that OP thought it is a good design with a good "hint" but in fact it doesn't make any sense.
of course it won't be clear unless the answer is revealed in which case it would already be too late to decide.
586  Bitcoin / Bitcoin Discussion / Re: Newbie looking for advice on Desination Moon bots on: January 22, 2019, 03:36:45 PM
if you want to start trading then it is an excellent time to begin because it is the hardest time to make profit and you will be forced to learn instead of being fooled into thinking you are an expert just because you took a couple of shots in the dark and make profit. like all those who entered in 2017 and thought themselves to be experts and then 2018 shattered their illusions.

as for the bot, I wouldn't touch that one if I were you. it is too specific and it doesn't seem to be working as you think it is. the idea behind it is feasible but the bot itself is not. and the lack of interest in it looking at its topic makes that very clear.

now if that was open source then it would have been a bit more different.


Thank you very much for taking the time to reply and for your feedback and advice is appreciated. Are you an investor yourself? I was actually
recommended Destination Moon by a colleague who is an MBA at Wharton funnily enough. Cheers Tony

I would start finding new friends if I were you or stop taking investment advice from them. maybe that is just me but the more I look at that bot the less convinced I am about it being any good. and to answer your question, yes I have been trading for a while now. I don't claim to be an expert by any means though, I am just saying what I see.
587  Economy / Trading Discussion / Re: Must we always Preach about Bull Markets? on: January 22, 2019, 12:24:15 PM
there is not much of a preach going on in my opinion, it is more of a cry for help. ever since the dumps began and many newbies lost a lot of money specially when their altcoin bags lost about 90-95% of its value, they began their cries for a bull run. and that is one of the reasons why it is not happening by the way.
in any case, in my opinion if people truly believed in the future of something and the "bull run" then they wouldn't be preaching about it this much here. they would have silently started accumulating like what I am doing with bitcoin these days.
588  Economy / Trading Discussion / Re: Ether Prices Hit the new Low of 2018 and continue to Fall. Time to buy? on: January 22, 2019, 12:12:11 PM
the only hope that people had in the beginning of 2019 for an ETH pump was the fork which turned out to be a hard fork with a high risk of splitting the network into two and possibly even 4 or 5 altcoins because others were planning on running some shenanigans and create some alternative forks. long story short the pump was a big failure and disappointment to all the ETH bag holders who were waiting desperately for a small rise to get out with a smaller loss.

as the bug was found in the fork and they had to postpone it, the small pump buildup was crushed and the dumping began hence crushing the bag holder dreams once again.
589  Economy / Speculation / Re: The point of no return on: January 22, 2019, 11:45:48 AM
Quote
Is $3000 the low point after which there is limited chances of it returning to the glory days?
bitcoin's "glory days" are not days that price is shooting up. in fact those days are the worst because although you may be blinded by the profit, the reality is that we are entering bubbles at those times and bubbles are never a good thing.
True, and it's not just the bubble that was problematic during that time the network was overflowing with too much transactions causing miner fees to spike.

that was happening at the same time and causing a lot of issues but the reason for it was not all about the bubble and the surge of new users. although they contributed to the big back log but most of it was because of the spam attacks done by different sides of the scaling debate plus the altcoin pumpers which were trying to undermine bitcoin to pump their own shitcoin (such as  Dash which were running campaigns for spamming bitcoin network).
590  Economy / Speculation / Re: Will market price be BULLISH this 2019? on: January 22, 2019, 10:08:29 AM
I am not too optimistic about that because there are still many ico scams and exchanges being hacked, we will never see a bull if these two things still occur frequently.

neither of these two have anything to do with bitcoin price, and the rest of the market doesn't matter at all because the rest is mostly pump and dump altcoins which are constantly being pumped and dumped with or without the overall market being bullish or bearish!

as for those two, the scams and hacks have been happening ever since bitcoin gained value and began being traded. they are not a force to be able to postpone a bull run. what they can do is to cause temporary panic among weak hands which whales use to their own advantage. and since nowadays the market is mostly free of weak hands there is no reason for any drop due to any of these dramas.
591  Economy / Speculation / Re: Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price on: January 22, 2019, 09:10:21 AM
one many occasions I have said in this board that the altcoin dumps which were  at those specific times very big dumps caused a big sell pressure on bitcoin market and pushes its price lower because of that pressure they put on the market which would not have existed otherwise and was created because money was existing those shitcions and were going back to fiat through bitcoin.

BUT I would never go as far as saying they were "dragging bitcoin price down". if we start that theory then you should also consider the fact that the same shitcoins may have been the reason for the price rise in first place so as a result price shouldn't have gone up and consequently the altcoin dumps is not dragging price down, it shouldn't have gone up in first place!
which is mostly false in my opinion. the altcoin and ICO hype of 2017 surely contributed to bitcoin price rise but it was 90% in reverse meaning the bitcoin price rise meant more hype for them and people who were investing in bitcoin were then exposed to shitcoins and invested part of their bitcoin in them. and after their dump they went back to bitcoin not to fiat.
592  Economy / Speculation / Re: Bitcoin stimulus 2019 on: January 22, 2019, 08:45:37 AM
price doesn't have to reverse back up immediately for the dump in the final month of 2018 to not be a manipulation! you logic is flawed, that's all. otherwise it was a manipulation that crashed the price below $6k which proved about 10-12 times to be an extremely resilient bottom. in fact if there were no BSV fork drama the price would have never gone below $6k in first place. the evidence is the 9 months of constant whale attempts to break it and every time without exception facing a strong resistance from buyers.
593  Economy / Speculation / Re: The point of no return on: January 22, 2019, 08:31:31 AM
At which price do you think bitcoin will not be able to recover from?
what makes you think that there is some arbitrary number that if it is reached then there is no return?

Quote
There is strong support at $3500 but is now at risk of being breached.
no, the strong support is at $3000. $3500 is the secondary strong support which is formed after reaching the lowest level. and both of them are prices far below the intrinsic value of bitcoin.

Quote
Is $3000 the low point after which there is limited chances of it returning to the glory days?
bitcoin's "glory days" are not days that price is shooting up. in fact those days are the worst because although you may be blinded by the profit, the reality is that we are entering bubbles at those times and bubbles are never a good thing.
594  Bitcoin / Bitcoin Discussion / Re: Newbie looking for advice on Desination Moon bots on: January 22, 2019, 08:19:33 AM
if you want to start trading then it is an excellent time to begin because it is the hardest time to make profit and you will be forced to learn instead of being fooled into thinking you are an expert just because you took a couple of shots in the dark and make profit. like all those who entered in 2017 and thought themselves to be experts and then 2018 shattered their illusions.

as for the bot, I wouldn't touch that one if I were you. it is too specific and it doesn't seem to be working as you think it is. the idea behind it is feasible but the bot itself is not. and the lack of interest in it looking at its topic makes that very clear.

now if that was open source then it would have been a bit more different.
595  Bitcoin / Bitcoin Discussion / Re: Blockchain values to maintain in 2019 on: January 22, 2019, 08:11:25 AM
There is no doubt that everybody want things to always work-out in their favor and when it doesn't, they opt-out easily. Most people are disregarding the fact that blockchain is still a new technology that would take time to adopt and implement. It is only when we see it as such that we would be able to hold on to it. We cannot expect a newborn baby to start working or running right from birth.

but unfortunately at the moment this "newborn baby" is being used in the wrong way.
nowadays I keep seeing it being mentioned in weirdest contexts which it doesn't even belong. each time it reminds me of that meme where the guy goes to his boss and tells him we have to adopt blockchain technology and keeps on hyping it up with nonsense.
and that is one of the biggest problems that has been preventing the technological advances in this field in my opinion. then on top of that we have the pump and dump altcoins and ICOs which are making everything that much worse.
596  Bitcoin / Bitcoin Discussion / Re: 13 new languages' bitcoin-paper was uploaded on bitcoin.org on: January 22, 2019, 08:03:09 AM
I read the white paper through my local language "Arabic" but I noticed that there is difficulty in understanding, especially for those who read it for the first time and have no experience in [Bitcoin or cryptos] or did not read the version in English.

The problem lies in the translation of terms. The terms must be defined in the local language and not translated verbatim.

I do not know whether this is a problem for the rest of the translations or that the person who translated the Arabic language does not have enough cryptocurrency experience.

as someone who has done translations (not bitcoin related) I have to say, translating something into another language is always a hard task. people spend ages to master this skill to be able to produce a good translation. because you always have to be careful to convey the message instead of converting it. and when the topic becomes technical the task becomes even harder.
with that said I am sure many of those who attempted translating the bitcoin paper aren't skilled translators but simple enthusiasts trying to help others. my suggestion is that if you found some mistakes and think you can improve them, then try suggesting them on bitcoin.org's github repository in form of an issue.
597  Bitcoin / Bitcoin Discussion / Re: Beware Bitcoins Email Hack is going viral. on: January 22, 2019, 07:52:39 AM
this sounds more like the old Nigerian prince thing which purely relies on gullibility of the receiver to succeed in its scam. and it is obviously targeting kids who are scare of their parents finding out they were watching porn and don't know enough to know that there is no way they could have gotten a "video" of them playing with themselves Wink
and even if they did, they would have embedded a screenshot of it in the Email.
598  Economy / Speculation / Re: On stagnating prices on: January 21, 2019, 08:47:05 AM
the "stagnating" period in my opinion is the product of that manipulation and the fear that it causes. traders don't like a market which they can't predict so they make their exit and wait until things become more predictable and come back then. and until that time the volume shrinks and price stays the same

But that doesn't explain why prices are stagnating as in the circumstances you describe, the price should go lower. In other words, it is not possible for traders to exit and price to remain the same

by "exit" I mostly meant "stay away". all those who wanted to sell have already sold but they have not put their money back again. so we currently have a backlog of fiat waiting to enter but it is scared because of manipulations.
the "fresh money" is also either seeing the situation and decides to wait (out of fear or greed for possibility of lower price) or if it enters it will be crushed as whales dump and prevent the rise. that is why it is not rising yet and whenever we see a rise we also see a big sell off of large amounts by few whales not multiple small amounts from multiple people.
599  Bitcoin / Bitcoin Discussion / Re: Bitcoin [BTC]’s Lightning Network capacity is now worth over $2 million on: January 21, 2019, 08:27:04 AM
I also believe that there is too much importance given that Lightning is about low fees. Fees in LN are priced in market rates, and it cannot be assured to be very low all the time.

how much the fees are going to be will depend on the level of adoption. it is more like a competitive market (similar to blockchain and how a transaction you send has a competitive fee). but the competition is no longer on block space since there is none in LN. the competition is with nodes, you can always choose a setting to go through a route that gives you the lowest fee. so if some nodes decide to ask for higher fees, they won't get to process any transactions.
600  Economy / Speculation / Re: On stagnating prices on: January 20, 2019, 07:44:16 AM
it is not about "lack" of interest, nor is it about "losing" interest. it is mainly about "decreasing" interest which is best referred to as overly-excited people leaving the market. in 2017 when price was shooting up near the end of the year without any stop to be seen (talking about around $8k shooting to $20k period) the media was talking about bitcoin nonstop and there were a lot of big talks about it such as NASDAQ entering bitcoin and even opening up a bitcoin market! so obviously a lot of "overly excited" people entered and the bubble formed.

their exit caused the crash, but it didn't mean "interest" in bitcoin went away! in fact the real crash, shorts and all the rest came a couple of months after that exit and correction when price was being pushed down below $9k with lots of artificial sell pressure slyly dumping into orderbooks to break the strong buy supports every couple of months to push it lower another step.

the "stagnating" period in my opinion is the product of that manipulation and the fear that it causes. traders don't like a market which they can't predict so they make their exit and wait until things become more predictable and come back then. and until that time the volume shrinks and price stays the same.
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