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621  Bitcoin / Bitcoin Discussion / Re: Own only a small amount of bitcoin? Regardless, DON'T LOSE THEM. on: January 17, 2021, 04:57:51 PM
the best way is not to buy a very small amount and then wish for bitcoin to go so high that the tiny amount makes you rich.
the best way is to buy small amounts every now and then with money that you don't need. for example a good source of fiat is to abandon a bad habbit like smoking and use that money you used to waste for buying bitcoin.
after some time you realize that you have actually accumulated a lot of bitcoin while only buying small amounts.
622  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum VS Bitcoin Fork on: January 17, 2021, 04:41:28 PM
the hypocrisy in ethereum is worst than any of its other flaws. the most centralized cryptocurrency has always been lying to people about everything from the premine, bugs, roll backs,... to nature of all future schemes like the 2.0 scheme.

so system, even the centralized ones, can function without rules. and rules have to be equal for everyone. that means when the subsequent smart contracts copied DAO and stole money in a similar fashion, they too should have been reversed. but none of them did simply because the centralized authority controlling ethereum's every aspect never lost any money in those smart contracts.
623  Economy / Economics / Re: Stinulus go big or go Home on: January 17, 2021, 03:56:49 PM
i don't think we are yet seeing the effects of stimulus or even the crazy money printing policies in bitcoin or the economy as a whole. but it is happening if we look closely at prices that have started slowly going up and will be more evident as more things go up in price as the value of fiat drops.

one thing that we sometimes forget is that they didn't "print" that ridiculous amount of money which people said was more than the sum of all the money US has ever printed in its history. they "minted" it and that money slowly comes into circulation but it will enter eventually.
that is why i say we are in for at least a year or two of huge inflation rates soon.
624  Economy / Economics / Re: Very interestimg topic of one user here on: January 17, 2021, 03:35:10 PM
How to contact woth this guy he should be my financial advisor

LOL only if you like getting advice from Ponzi scammers. check out his trust page to see why he was spamming nonsense all over the forum.
he was also all over the place, one day talking about government banning bitcoin and killing it and the other talking about it becoming bullish soon and killing the government!

He seems to not in forum maybe his on vacation
his plans for his ponzi scheme didn't pay out so he went away. it is possible that when it is a little bit forgotten, he comes back again.
625  Economy / Speculation / Re: Nocoiners desperately trying to say this is the end for Bitcoin on: January 17, 2021, 03:28:02 PM
I see Bitcoin investors today are getting smarter and not affected by the FUD that is widely circulating on various social media, because
the price of Bitcoin which is experiencing a correction in the near future will soon recover and make Bitcoin haters embarrassed.

there is no doubt that as a whole the investors who have been around long enough are becoming more experienced but but there are still those who fail to grasp how FUD works and still fall for it. there are also a lot of newcomers who still don't have that experience.
if it was any other way then we would have never seen panic sellers in this market with this big scale.
626  Bitcoin / Bitcoin Technical Support / Re: How to determine whether an address starting with '3' is SegWit or Not? on: January 17, 2021, 02:47:55 PM
P2SH-P2WSH is quite rare I think, I haven't found a wallet that supports that as of yet.

electrum devs have always kept the scripts used very simple so i don't think it can even support some of the OP codes let alone custom witness scripts nested in a script hash.
there has been requests to add advanced scripts but hasn't happened
https://github.com/spesmilo/electrum/issues/5949

there is also support for different hardware wallets that some of which i think support nested SegWit addresses. from the source code of electrum it seems like bitbox has such option calling it p2wsh-p2sh (reverse of what it should be called). the script that is used is a simple multisig though.
627  Economy / Speculation / Re: Don’t Panic on: January 14, 2021, 05:16:45 PM
we are probably going to see 3 or 4 days of staying around this price before the slow rise begins and within a week the panic sellers become panic buyers.

this is the 5th day after the drop and 3rd day after the bottom was reached and as expected price is already back to trying $40k resistance to break it and for the bull run to resume.
we already passed $40k but some panic seller bears still seem to be in denial of the strong bull market.
i'm watching the trend intently these days. these indeed very interesting days to be alive.
628  Bitcoin / Bitcoin Discussion / Re: May 7th, 2140 on: January 14, 2021, 04:53:15 PM
Nah, I don't believe that bitcoin will ever reach that much. Maybe some millions, but this is a madness.

main part of such a big rise is not about bitcoin itself rising up in value but it is all about dollar losing its value due to its inflation. consequently you have to pay more dollar to buy bitcoin similar to buying anything else with dollar.
629  Bitcoin / Bitcoin Discussion / Re: Wrapped Bitcoin (WBTC ) No:1 In coinmarketcap website. | Glitch? on: January 14, 2021, 03:50:41 PM
glitch or not, this is a good example of how wrong ranking based on market capitalization of altcoins really is. there is absolutely nothing that can stop the centralized WBTC team to create 11 trillion tokens (or a much smaller one that doesn't raise suspicion) and submit that value as their token's circulating supply (like what most other cryptocurrencies such as ETH, XRP, etc have done). that way they easily take the #1 rank in a fundamentally wrong ranking system.

meanwhile you can never do that in a real currency like bitcoin.
630  Bitcoin / Bitcoin Discussion / Re: May 7th, 2140 on: January 14, 2021, 03:42:31 PM
You might say that's too far away, but 1M a coin is something you can see in your lifetime.

it IS too far away. 100 years ago monetary systems weren't even remotely like what they are today. heck 11 years ago things weren't like this (before bitcoin revolutionized it). in a 100 years from now things won't be like today either.
whether we are talking about the price then or the mining reward, it is impossible to predict both.
631  Economy / Speculation / Re: What is floor do you expect after $42k ? on: January 13, 2021, 03:35:42 PM
i know we're in pull market, but after a year, could we see $8k to $16k price?

anything is possible in bitcoin market but so far we have no signs that could suggest such an enormous drop in price. i can't think of a single reason for it either.
besides there are lots of strong buy supports that will make such a drop a nightmare for sellers. they are at $30k, $29k, $25k and strongest of all at $20k.

by the way its called a "bull" market not "pull".

I really find it very difficult, and even if that happens, it would be very fast, because everyone would try to take a piece at this price.
that can not happen to bitcoin ever. it is what happens to shitcoins with small markets that the "dumpers" who pumped it before are selling millions of that shitcoin at once which is why its price drops very fast.
632  Economy / Speculation / Re: What is floor do you expect after $42k ? on: January 13, 2021, 02:52:23 PM
i don't expect it to drop anymore. in a bull market we can't expect continued drops either. that means $30k was the strong resistance that price stayed above it more or less and with $34k being the accumulation price for this round.

An asset that drops 28% over a weekend is not a safe-haven, a store of value, or a viable hedge against inflation.
what do you know. you are right.
bitcoin is not an asset.
bitcoin is not a safe haven.
bitcoin is not a store of value.
bitcoin is not a hedge against anything.

bitcoin is a deflationary uncorruptable currency.
633  Economy / Speculation / Re: Currently, the price of bitcoin is more than US $34,000. Can we buy this price? on: January 13, 2021, 02:22:35 PM
it is impossible to predict any market specially bitcoin market.

but all the signs are telling us that what happened recently was a very healthy correction with some panic sells mixed into it.
it has also been in accordance with all the previous first stages of bull markets that we have seen in bitcoin. the correction size is also the same as before.

if all goes according to the plan, we will see this price level for more days acting as a nice bear trap to also shake out the weaker hands before the rise resumes another healthy spike towards $50k this time.
634  Bitcoin / Bitcoin Discussion / Re: what do you think is the main reason for the emergence of bitcoin? on: January 13, 2021, 01:39:01 PM
bitcoin's adoption is always increasing because it is useful and is providing a necessary utility to all the people around the world. this rise of bitcoin didn't start recently to cause any confusion, it started 11 years ago and hasn't stopped because the adoption is still ongoing.

the only reason why the rise speeds up at times is because the bitcoin market keeps having 2 big and long stages: a massive bull run followed by a prolonged bear run.
each time the bear trend ends the market starts rising back up again slowly at first then things become increasingly fast for nearly a year and we are currently at the start of that year.
635  Bitcoin / Bitcoin Discussion / Re: Google Trends and bitcoin on: January 13, 2021, 01:04:52 PM
there wasn't that much interest in bitcoin back in 2017 either. and google trends doesn't really show the interest in bitcoin either. in fact even with all the price rises that we had so far the real bitcoin adoption remains very small which is why we still don't see that many people aware of bitcoin's existence and its potential.

additionally your comparison is wrong because you are looking at the google trends by the end of 2017 which was everything at its maximum meanwhile right now even the hype is still too tiny and just getting started to build up.
if you compare the trends of today with of those in 2016 you can see how they match easier.
636  Bitcoin / Bitcoin Technical Support / Re: Question about ScriptPubKey and Scriptsig on: January 13, 2021, 12:32:40 PM
First I thought in the bold marked area is always the address of the receiver
in a way the whole script is the "address of the receiver". an address is the same as these scripts but in a user friendly way. you take the hash and encode it with a version to indicate type of the script. the OP codes are the same if you know the type.

Quote
but know after analyzing some blockchain transactions I found out that the public key is provided (I guess it is).
the public key (and the signature) are provided in the script signature part (or the witness in SegWit transactions).

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When someone sends me his address, how is it possible to get the public key since hashes are irreversible? Is it the hex of the address?
you don't need their public key and it is impossible to get it from the hash. (address only contains that hash).

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The unlocking script is clear to me. But what is acctually signed? The txid?
the receiver signs the transaction not you so they provide the public key and since they have the private key they can provide the public key too.
what is being signed is the transaction itself but with some modifications. for example for a simple P2PKH that you posted above the script pub is placed inside scriptsig and the rest of the inputs (if present) are set to empty scriptsigs. then the sighash byte is added at the end as 4 bytes and the whole thing is hashed twice with SHA256 and then that hash is signed.

see https://bitcoin.stackexchange.com/questions/32628/redeeming-a-raw-transaction-step-by-step-example-required
but there are a lot more details about signing transactions based on the type of the input being spent.
637  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin do you have,which coin you do not have? on: January 12, 2021, 05:52:26 PM
there has been dozens of altcoin exchanges where you could always buy these shitcoins from, there is no need for some centralized third party to give you these shitcoins that are going to lose their value over time.

there is only bitcoin that is worth buying and holding and it should only be done direcly meaning you should buy bitcoin yourself and keep it in a wallet that you can control the private keys. anything else is worthless.
638  Economy / Economics / Re: Usa new currency digital dollar soon on: January 12, 2021, 04:09:25 PM
i think OP is just trying to advertise "defi" possibly because he is involved in one and it is tanking. otherwise DEFI is just a scam just like those that came before it. and when a country creates a centralized shitcoin they would never in a million years do it on another platform, instead they create an actual coin not a token.

secondly countries are all waiting to see what those handful of countries that did create a shitcoin do and what happens to their coin before they jump in. so far the first one by Venezuela has been a laughing stock.
639  Economy / Speculation / Re: Nocoiners desperately trying to say this is the end for Bitcoin on: January 12, 2021, 03:52:15 PM
you know what makes me mad isn't that they are spreading FUD, it is that they are spreading the same FUD again.

this must be at least the 100,000 article that repeated the same old story. in fact there is a website that keeps track of all these FUD articles about how bitcoin is "now dead" called bitcoin obituaries. i think the articles date back to 2011 and they are all the same. bitcoin has a drop of any size they fill the internet will doomsday stories!
640  Economy / Speculation / Re: Could this correction lead to a bear market for Bitcoin? on: January 12, 2021, 02:31:13 PM
when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
during 2018 and 2019 bitcoin was already in a bear market and the price was on a down trend.
during 2020, 2017, 2016 and most of 2015 bitcoin was in a bull market and it had many drops like this while rising up.
you should get your facts straight...

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Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
no, you should sell your bitcoin immediately because you have failed to do the first thing required before investing in something which was research into its history.
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