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761  Bitcoin / Bitcoin Discussion / Re: Wow! Exchanges track how you spend btc! on: April 23, 2019, 02:44:03 PM
1. I am almost sure that this guy didn't do the job as good as a mixer could do.
2. A better level of privacy would be nice. But as you said, there's Monero (and others). He could have done a way better job with Monero.

But I don't blame Coinmama, if this is in the ToS...

The easiest way to hide is to send to an exchange, buy an altcoin. Withdraw the alt to another exchange and change it back to btc, and then use it to gamble. (Or simply gamble with the alt).

Buying the alt stops the tracking.
762  Bitcoin / Bitcoin Discussion / Re: Bitcoin cryptocurrency banks needed. on: April 23, 2019, 02:26:36 PM
Bitcoin cyptocurrency banks need in high street because it needs to support the demand of every bitcoiner that have an daily transactions. It can help bitcoin banker or investor  to help them to transact more easy and less hassle and also as a security issue it is more safer to store your bitcoin in bitcoin bank rather than our digital wallets.
I think you are talking about bitcoin ATM and as we know there already are thousands of them existing all around the world. I dont think a bank would ever offer people the feature of buying bitcoin using their services because right know banks are closing accounts that are suspicios and realted to bitcoin transactions.

Bitcoin ATMs are only in the main cities, smaller cities don't have them.

I genuinely think that the way forward would be if existing banks allowed people to have a crypto wallet alongside their existing account. That would solve the problem of moving money back and forth into fiat.
763  Economy / Speculation / Re: Bitcoin Golden Cross on: April 23, 2019, 01:33:47 PM

Last Golden Cross was October 28th-30th, 2015. Subsequent gains of 6787%
So it is something to celebrate and be careful because many shorts can appear on 5.8 k to 6.k
If bitcoin will finally pass 6k and defend 5.8 then it can be very interesting on btc


I would not expect 6700% pomp again. Its different market now. It's much easier to pump from 200$ to 20 000$ rather than from 6000$ to 600 000$. Different type of investor and different amount of money is needed for that.

I do agree about strong resistance at 5.8k where huge amount of shorts will be opened. It will be the hardest point to break (but if so those shorts will be liquidated pumping price sharply - if price wont be stopped by huge whale sell wall). After breaking it and holding above 5.8k we will be in very comfortable zone.

Yes - one of the differences is that there are derivatives that enable traders to short bitcoin, which just didn't exist back in 2017. Bitcoin won't go back to the heady levels of $20,000 till after the halvening next year.
764  Economy / Exchanges / Re: Binance: Congratulations To Their Team On A Major Success Story on: April 23, 2019, 01:29:08 PM
Bloomberg is now covering Binance and their blockchain:

Quote
https://www.bloomberg.com/news/articles/2019-04-18/largest-crypto-exchange-leverages-influence-with-own-blockchain

Binance, the world’s largest cryptocurrency exchange, launched its own digital ledger as the fast-growing company seeks to leverage its clout to get developers to switch projects from rival platforms such as Ethereum to its own native blockchain.

The distributed ledger, called Binance Chain, will allow crypto startups to issue coins directly on the company’s platform. It will also serve as the basis of Binance’s planned decentralized exchange, which will let customers trade more directly than on centralized exchanges. The Malta-based exchange’s native coin, known as BNB, will move off the Ethereum network to the new blockchain.

"The launch of Binance Chain is one of the most important crypto events of the year," Kyle Samani, co-founder of crypto hedge fund Multicoin Capital Management in Austin, Texas, said in an email.

Raising funding through Initial Coin Offerings conducted directly on the Binance Chain is seen as a big attraction for token issuers and investors because of the liquidity and exposure of the Binance exchange. In the past, startups that issued coins on the Ethereum network often found it difficult to get their tokens listed on exchanges even if they were willing to pay listing fees.

"Binance Chain is competing with one of the primary use cases that helped catapult Ethereum into what it is today: issuing and trading tokens," Samani said. "And because Binance Chain is designed with that specific purpose in mind, it does a much better job (speed, transaction fees, etc) than Ethereum can. I expect all of the regulated token offerings and ICOs moving forward to take place on Binance Chain as it simply provides a much better platform for these use cases."

The effort could also boost usage of decentralized exchanges, known as Dexes, which until now have accounted for only a sliver of trading volume. Binance expects that over time trading will shift from its centralized exchange to its Dex, so software located on Binance Chain would largely govern transactions.

The Dex will extensively use BNB. People who currently hold BNB issued on Ethereum will be able to swap it for the same coin listed on Binance Chain shortly.

"Users and fanatics will now be able to directly participate in the economics of the platform without any barriers," Jeff Dorman, a partner and portfolio manager at Los Angeles-based Arca Funds, said in an email. "The biggest question mark is will the Binance Chain be able to offer the same speed and functionality as the Binance Exchange? We think so.”
765  Economy / Economics / Re: Why the economic growth of Bitcoin will show a positive impact in upcoming days on: April 23, 2019, 01:16:18 PM
Hey
We all know how essential it is for the audience to follow the stars they love, not only that they usually have the power over a lot of population given how commercial companies die to hire them , well we have a good news * Serena Williams just revealed her list of the compani that she was investing in and one of them list was related to the cryptocurrency*

What we can infer from here is * even Superstars are actively involved in the cryptocurrencies and now they are opening up about it , this is going to influence the price positively for sure, what do you think ?

Celebs and stars don't influence adoption.

PRICE does. The interest at the end of 2017 was purely driven by price - all the newspapers were breathlessly reporting that the price kept going up and that was what made people google it, make an account on coinbase and buy some.
766  Economy / Speculation / Re: Bitcoin $10k Before June, Possible? on: April 23, 2019, 01:09:18 PM
It would need some really really big news for BTC to nearly double from where we are in just two months.

That said, there has been a small rise today to $5,600, and I think it's down to the following rumour:

https://twitter.com/cryptopolis_x/status/1120352266836426752

It looks like an employee of Nasdaq says that there is now paper trading of bitcoin on nasdaq. presumably because they're thinking of making it live at some point:

767  Bitcoin / Bitcoin Discussion / Re: You Can Now Shop With Bitcoin on Amazon Using Lightning on: April 23, 2019, 12:59:01 PM
besides Amazon should be a thing of past for us, in our world we should stick to decentralized market places such as Open Bazaar and make them grow and replace Amazon.
What the heck is Open Bazaar? Never heard of it. Why in the world do you think this site can actually replace the king of E-commerce anytime in the future?



Back in the year 2000, it seemed unlikely that Amazon would sell anything other than books.

Everything starts with a small step. If crypto users started using Open Bazaar, then it would grow. Whereas waiting for Amazon to accept crypto might take forever.
768  Bitcoin / Bitcoin Discussion / Japan to Provide G20 With Solution for Crypto Regulation on: April 23, 2019, 12:55:14 PM
https://news.bitcoin.com/japan-g20-cryptocurrency-regulation/

Quote
Japan is preparing to share its experience regarding cryptocurrency regulation with finance ministers and central bank governors from other G20 countries at the upcoming summit which it will host in June. According to local media, Japanese regulators have a solution for crypto regulation to offer the G20 countries.

According to local news outlet Sankeibiz, Japanese regulators have created a handbook “that each [G20] country can use for regulations, such as measures to prevent the outflow of virtual currency.”

“International rules are being developed to prevent money laundering and terrorist financing, with virtual currency restrictions in place,” the news outlet described Monday. “On the other hand, there are no rules in terms of the protection of customer assets and the soundness of the market, so it is the first time that certain ideas are shared internationally,”

It remains to be seen whether the other G20 countries are interested though.
769  Economy / Economics / Re: Will Amazon accept crypto if Bitcoin skyrocket again? on: April 23, 2019, 12:50:53 PM
Amazon will only accept bitcoin when BTC proves it has no mempool problems. Also, taking an hour for 6 confirmations is pretty long - and if the mempool backs up, it will take even longer.

Bitcoin is unusable because of this. If a cryptocurrency does take off, it will be something that confirms within a few minutes with no backlogs at all.
770  Economy / Economics / Re: Changes in the bitcoin price predictions with google trends. on: April 02, 2019, 01:58:06 PM
If the interesting falling ( google trends lowers), some (big) investors trying to buy a big chunk - it results in a slowly (!!!) deflation...
What are you even trying to say here? That whales suddenly buy when they see that the Google trend for BTC is going down? You are lucky that you aren't popular in tradingview because the comments have eaten you alive by now. Like what I have said before Google Trends which is based on search results in their search engine cannot be use in Technical Analysis as it's just a number of searches in Google, it doesn't predict any kind of demand for Bitcoin in the market. A good example here is Gold we all know that Gold is steadily rising but the two trends related to Gold shows the irrelevance of its charts.



He's not talking about whales. He's talking about noobs.

Noobs google bitcoin to learn about it, and then sign up with an exchange to purchase. If there are a lot of them onboarding, then the price sometimes surges.   
771  Economy / Economics / Re: Do you use cryptocurrencies in your daily life? Are they useful? on: March 14, 2019, 03:38:05 PM
I use Doge to move coins from exchange to exchange (to save on fees) - it's also the only coin that is guaranteed to be on all the exchanges and works without any problems. And I use Steem to play games - especially steemmonsters. Steem is interesting because all sorts of games are being played on that platform, so the coin now has two uses (writing/social media, and gaming).
772  Economy / Economics / Re: Widening Russia Money Laundering Scandal Hits European Banks on: March 14, 2019, 02:18:43 PM
According to the following Bloomberg article most of the Scandinavian banks are involved:

https://www.bloomberg.com/news/features/2019-03-14/huge-pools-of-dirty-money-are-europe-s-worst-kept-banking-secret

And it looks like Deutche Bank is in the spotlight (the money went from the Scandinavian banks to Deutsche).

Given how weak Deutche is (share price has fallen 40% in the last two years, if you have money in there, pull it out. They might not survive another fine and they'll take all your money in a "bail-in".
773  Economy / Economics / Re: Can bitcoin be worthless? on: March 14, 2019, 02:12:14 PM
Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

I bring back the question to you, is it possible that bitcoin wont be used by an individual? As long as there are lots of people who will be use bitcoin and other crpyto product it wont be worthless.

It really depends on whether there is a bitcoin killer out there.

At present bitcoin doesn't have any proper rivals. But if you look at how MySpace was riding high and then got taken out by Facebook, it is entirely possible that a genuinely useful coin might displace bitcoin.
774  Economy / Economics / Re: The Consensus is Clear: You Should Own Gold Now on: February 17, 2019, 12:57:03 PM
I don't get it, when was gold never the main mode of long term investment?

Regardless whether it is the rise in the value of platinum as a jewellery metal, a digital asset like bitcoin or even the mining of exotic solids like regolith, gold will always hold the prima sententia when it comes to precious metals.
Come to India, Bangladesh, Pakistan, Burma you'll find this mentality is almost engraved in stone. Yes, there may have been ups and downs in gold's value in the market but most of that is due to some geopolitical reasons. In my opinion, gold has never faded out of popularity and hence there is no question of any tide turning.



From around 1982 to about 1999, the price of gold kept falling and falling. It reached as low as $272 in the year 2000.

Basically people only get into gold when they are afraid. When things are going great, they hold dollars.
775  Economy / Economics / Re: How do Cashless Societies Cope with this Plot Twist on: February 17, 2019, 12:52:54 PM

Here is a hypothetical cashless society scenario for you.

#1  Paper money is eliminated.
#2  Credit card companies and assorted electronic payment processors raise fees and APR's by 2,000%.
#3  If paper money were available, everyone could abandon credit cards and utilize paper money instead but with the cash option dead that is no longer possible.

Question: how do consumers cope with conditions under cashless societies where fees are raised severely the way pharmaceutical drugs in the united states are after a single entity buys up existing stockpiles.

There are interesting and somewhat well worn arguments published all over the internet for potential negatives associated with market consolidation, further centralization of markets leading to monopolization.

I wonder if any cashless supporters have a good response to this?

This is exactly why central banks have now changed their minds about cashless societies.

For example Sweden was going cashless (with shops refusing to accept cash). But the Swedish central bank stepped in:

https://wolfstreet.com/2018/10/26/nirp-fades-swedens-central-bank-makes-u-turn-on-cashless-society/

Quote
Sweden’s Riksbank has become the first central bank in the 21st century to take concrete measures to ensure that cash does not disappear as a means of payment from the financial system. To that end, the Riksbank proposes, in a document published on its website, to make it mandatory for all banks and financial institutions to offer cash services.
776  Economy / Economics / Re: Wasn't this crypto-crash (course) needed? on: January 24, 2019, 01:49:59 PM
This is actually the third bear market that bitcoin has seen. The first one was in 2011, and the second was a vicious one from 2013 to 2016.

This one isn't that bad because we're still above $3000. Remember the big event was in early 2017 when bitcoin passed the price of gold. It is now holding at three times the price of gold, which is a fair position to be in.
777  Economy / Economics / Re: Former Fed chairmen confesses to be responsible for recessions. Tinfoil hats on! on: January 24, 2019, 01:35:33 PM
I usually don't give too much credit to conspiracy theories, but it might start a fun thread. Haha.

It is evident that former Fed chairmen Ben Bernake, and Janet Yellen have admitted that the Federal Reserve is responsible for recessions. Read the blog, http://thegreatrecession.info/blog/federal-reserve-causes-all-recessions/

Quote

Expansions don’t die of old age. They get murdered.


Quote

Two things usually end them…. One is financial imbalances, and the other is the Fed.


Who are the conspiracy "theorists" now? Cool

It's not a conspiracy - he's just admitting to the fact that sometimes the Fed tightened too much.

If you look at the period 2000 to 2008, when Alan Greenspan was Fed chair, he kept interest rates too low after 9/11 and then tightened too fast from 2005 onwards. He made a mistake - he should have cut less in 2001 and raised rates slowly from 2003 onwards.

Hopefully this time they don't make the same mistake.
778  Economy / Economics / Re: Is government the most influential factor that affects Bitcoin price? on: January 24, 2019, 01:30:58 PM
Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The United States is never going to ban bitcoin (they are a confident nation).

China did ban bitcoin, and that did curb demand for the coin as a mean to evade capital controls. But going forward, bitcoin will rise or fall based on whether people in western nations find a use for it or not.
779  Economy / Speculation / Re: Cryptocurrencies a ‘Load of Nonsense’, Claims ECB Council Member on: January 10, 2019, 02:41:24 PM
I would expected something like this from FED or UK central bank but from Estonia it seems a bit weird. Estonia has been one of the biggest online countries in the world even giving chances to people to get citizenship and starting online business based on Estonia (with the tax going to them of course) quite easily. When you are head of a central bank of a country that is so much heavily invested into online world you should be really careful about what you say about the "online money" to begin with.

Crypto companies are looking to start their companies in Estonia for more relaxed laws there and help them get more money from taxes may not like what he is saying. Of course the reason why bitcoin exists is to end central banks like he is leading but nevertheless we are not trying to destroy them, we are just creating competition.

Estonia joined the euro, and this is part of rubbishing competitors to the euro. If the euro suddenly collapsed people would want to get their money into something different. Buying bitcoin (which can then be converted to dollars) might be easier than buying dollars directly.
780  Economy / Speculation / Re: Tulip comparisons looking true now on: December 18, 2018, 10:05:03 AM
Can you deny it?  Everyone who has brought in the last year has lost money. 

That's what they said during the 2014/15 bitcoin bear market too. The price went all the way down to $40!

I do think the high fees last december hurt bitcoin (esepcially as the exchanges were not batching their transactions), but they've learnt their lesson and they're more resilient now and ready for the next move up (which will come in the run up to the next halvening).
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