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7661  Economy / Speculation / Re: Hope for the best, Expect the worst on: July 18, 2019, 04:17:21 PM
2-There is no reason to panic if we were to see sub 7k or 8k , it does not mean we were entering a bear market , if that happens, think of it as the PERFECT correction which will give us enough power to break 14k.

Was always looking for another entry point for my buys and I was thinking that anything below $10k was already a good possibility. We're now back at the $10k levels after a harsh correction down to $9300 these past few days and I don't think we'll be seeing a lot more downward action anytime sooner, but then again the forward momentum is still bleak. Orders from the buying side is still weak though, and I don't think the weak hands are already shaken--not yet.
7662  Economy / Service Discussion / Re: Is anyone else having issues with Bitpay on: July 18, 2019, 03:22:33 PM
Are you trying to pay the merchant which uses Bitpay on this case? I have encountered that error message, in plain text after clicking send. If that's the case, it might be some error on the merchant's end and not you, and better contact the merchant first then forward the concern to Bitpay via their social media handles. There had been a lot of issues with the said service lately and idk if your issue is connected to that, but the best bet is on the merchant's side and not the customer's side.
7663  Bitcoin / Bitcoin Discussion / Re: Only I am allowed to make the cash and force your spineless leaders to accept it on: July 18, 2019, 02:58:13 PM
Crazy as it seems but it's kinda odd that the government isn't the strongest entity in this planet but it's actually the bankers who have control to the money ,though I don't think the Rotschilds are really the ones who are mandating every move of the government but hey, at least you get the point. Also, I don't think everyone would be willing to sell their bitcoins in a single go, and what's stopping anyone from creating a new, decentralized cryptocurrency away from the hands of these bankers should they (the bankers) bought all of these bitcoins in existence?

I'm keen to know what you're referring to as the Bitcoin 2.0, really.
7664  Economy / Exchanges / Re: Is binance really the best exchange to buy crypto? on: July 18, 2019, 01:58:23 PM
I like the intuitive design of the platform and its high volumes as well. Being a trader, liquidity is the primary thing one should be looking at so as to ensure that the trades would be fluid and not taking too much time to complete. They also facilitate IEOs as well, if you're into that. No KYC upon registration (although that is subject to changes, of course), fast response on customer service and an overall safe and established reputation, due to the hacked they reimbursed using their SAFU.

Also, this should be moved to Exchanges or Service Discussion where it is fitting to discuss such matters.
7665  Economy / Economics / Re: Are Blockchain Projects in Northeast Asia can change the economy? on: July 17, 2019, 07:08:56 PM
The South Korean and Japanese scenes for cryptocurrencies and crypto startups have been increasing at a rapid pace, most especially Japan which has its guidelines honed over time and may have made a positive impact on new projects and launches in the said region. In SoKor, on the other hand, there had been a lot of talks from different sectors, mainly focusing on IEOs/ICOs and the application of blockchain tech on some aspects of the industry. Economically speaking, this creates more investors, jobs and an overall positive impact on the said country's domestic economy. This is what happens when the government is supportive of new changes but still maintaining the regularity of the said space.
7666  Bitcoin / Bitcoin Discussion / Re: Uncovering Bitcoin And Gold’s Not-So-Secret Relationship on: July 17, 2019, 05:45:04 PM
Bitcoin is simply better because it is decentralized. Because no matter when you invest in it, in time you will become richer

In an investment point-of-view, yes. For monetary point-of-view, yes, as gold is bulky and is harder to transport. But then again, neither of this things are the main uses for gold. For one, store of value is its primary use-case, IMO. Second is being a standard of value: no matter what era you are in and wherever you are, gold will always be considered as money, and can therefore be replaced for goods and/or whatnot. Both (bitcoin and gold) has its pros and cons, and I'm pretty sure we have been through this time and time again.
7667  Economy / Trading Discussion / Re: Why Local bitcoin trading site doing KYC NOW on: July 17, 2019, 05:16:17 PM
Regulatory pressures from all fronts, first and foremost. Even though their platform have waned in volume over the years through the introduction and rise in popularity of centralized exchanges, they still want to keep their business afloat and mind you, in the Asia region they are still getting a pretty nifty customer base all in all. Personally I wasn't so shocked that LBC would be asking more KYC information than it used to in the past because I am somewhat updated in the regulatory status of crypto in some countries, and it's their only way to continue doing business with us.
7668  Bitcoin / Bitcoin Discussion / Re: The most challenging thing on: July 17, 2019, 04:46:07 PM
There are more than 1,000,000 'shalecoins' with a 10+ billion US$ value. So we can expect that there are private groups - not institutions like the link below - who want/try to build a supercomputer.

If the potential cost outweighs the potential profit, then I think this will only be written in diagrams and blueprints and will never materialize. We are still not close into designing a viable quantum computer that would be able to decode SHA-256, ECDSA and other involved algorithms contained within the bitcoin protocol. Even if it does, well, it will still take a huge amount of time, and by then we may have moved into other algorithms that are quantum-resistant.


"Quantum computers will soon outperform classical machines"
"The project is part of the EU’s €1 billion, 10-year Quantum Flagship initiative to kickstart a competitive European industry in quantum technologies."
http://www.engineersjournal.ie/2019/07/01/quantum-computers-will-soon-outperform-classical-machines/
https://medium.com/the-quantum-resistant-ledger/no-ibms-quantum-computer-won-t-break-bitcoin-but-we-should-be-prepared-for-one-that-can-cc3e178ebff0

Truly so, though honestly I don't see why many are crazy about it being applied to bitcoin, and if in case it was successful, it will only damage the value of the said crypto as everyone holding bitcoins and their mothers would rush into selling it immediately to the highest bidder at that time.
7669  Economy / Trading Discussion / Re: Are USA traders saying sayonara to Binance? (The Exodus Is Here?) on: July 17, 2019, 04:11:58 PM
I hope their main site goes easy on VPN usage. Smiley

Unsurprisingly, I guess they would somehow allow VPN usage, but then again we don't know not unless September is here and Americans are barred from using the main site. But for the safe side, I suggest not to do it, especially with high volume of trades (even if one is fully verified) just in case. Huobi Global is also there just like you've mentioned, and they are pretty much an OK exchange that doesn't require KYC to withdraw, and boy $1000/day is still a doable amount to work with especially if one is not really a high-volume trader and/or just dealing with newer altcoins/projects.

The transitioning of Binance into making its own subsidiary/branch/whatever catered specifically for US residents would be an interesting sight to see. It seems like they are serious into expanding the brand and do not want to lose their American customer-base just for this silly regulation.
7670  Bitcoin / Bitcoin Discussion / Re: Fortress Buying MTGOX Customers BTC for $900 (200% of bankruptcy value)??? on: July 17, 2019, 03:48:48 PM
That's how big investment groups, especially bankers, hustle their way towards more profit: by trying to lure people into thinking that they are offering better solutions while in reality they already have a huge leverage in the deal. Personally, I can't seem to judge by myself whether $451 or $900 is a fair price to pay for 1 bitcoins lost during the hack. Of course, it's a no-brainer that people would want to get the full amount equivalent today but apparently, Mt. Gox isn't going to honor those and will just pressure people into receiving pennies, and after that's all over, then they'll proceed into selling what is left of the stack. It's a shame that the Japanese gov't cannot legally press Mt. Gox further into just giving out the claims in bitcoin, really, since this is a huge blunder for the whole Japanese crypto scene and they are being played in plain sight.
7671  Economy / Trading Discussion / Re: Btc dump. It is time for some alts to recover against BTC on: July 17, 2019, 03:16:04 PM
Alts dumped harder than bitcoin since the other day, and I don't think that the recent dump in bitcoin means that the money would be flowing in towards the alts this time. It needs more than bitcoin dumping actually, and we're not in pre-2016 era wherein the exchanges Mintpal and Cryptsy, which are the primary movers of altcoin pumps and dumps, still exist. At this point, everyone is just guess-making on who rises the within the next couple of days, although the trend hasn't been broken yet and orders on exchanges are still somewhat icky and does not paint a clear picture as of late. I don't see XRP rising, not unless its creators decided to pump it during this small bloodshed.
7672  Other / Beginners & Help / Re: Its better to have more than one email on: July 17, 2019, 02:48:54 PM
I have tried this once to be honest and the results are excruciating for me because I need to switch into different emails every time one service asks for authentication and I'm logged in on a different email... It might not be the most efficient way to sort things out and to not get all your fruits swept if one has to get your basket but then again, it works, and it works perfectly for me. Never have I received something suspicious in services which I frequent, specifically those related to my crypto accounts and finances as well.

But then again, there's ProtonMail, though I'm still not familiar on how they work so I guess I'll stick with my 21 emails.
7673  Bitcoin / Bitcoin Discussion / Re: Steven Mnuchin = U$D banker $lavery $hill on: July 17, 2019, 01:44:06 PM
They can shill the USD all they like, but what they don't know is that people are already waking up from the reality and are finding out that there are better options other than getting stuck with fiat forever, and it started with the crypto community at the very least. Besides, the USD and ot her fiat currencies are still being used on a large scale for illegal drug trafficking and other illicit activities that one can name, and only a small percentage of that is actually bitcoin. While the said cryptocurrency has the edge for being pseudo-anonymous and decentralized for that matter, liquidity is the huge problem of these nefarious people that's why most of them still stick with fiat.
7674  Economy / Speculation / Re: This bitcoin news writer wants bitcoin price down on: July 16, 2019, 08:14:26 PM
Yup, straight outta anti-bitcoiners head. Trump will never kill bitcoin, and if he does, he should have done it way before it gets big, where it can easily be controlled and contained. If they are really serious in killing bitcoin, they would go for centralized exchanges and completely shutting them off but no, they just imposed these ridiculous regulatory stuff and shooed away international competitors so as to make things 'exclusively American.' Stuff like this pops out of nowhere on CCN every now and then, specifically on times where the price action becomes somewhat dramatic.

the china FUD worked for years and created lots of 40% corrections. price may go down to low $8ks. this is regular bitcoin price action and it will shake the weak hands.

I remember that time where China's on-off bans for months affected the price severely, and this was in 2015 I think, where price tanked hard and reached sub-$200 for a brief amount of time. Good times.
7675  Bitcoin / Bitcoin Discussion / Re: When will institutional investors going to buy masses of Bitcoin? on: July 16, 2019, 07:33:22 PM
They might be in the game already. we just don't know yet because they always don't want to let the common folks know what they're doing until they secure a good grip on something that would bring them immense profit. But to tell you the truth, only those who are actual institutional investors know who bought how much, and when did they buy their stack. All we can do is just wait on the sidelines and let them do their thing, because that's actually none of our business.
7676  Other / Beginners & Help / Re: Be careful of mobile wallets that holds private keys on: July 16, 2019, 07:02:03 PM
I can’t remember my phone number and you want me to remember my private keys?

If you can't find a way to remember your phone number, then you're basically doomed on times of emergencies, especially if you don't have your phone with you and don't remember any other phone numbers as well. Also, no one needs to 'remember' their private keys, you just have to 'store' it somewhere safe wherein no one can get/retrieve it and have access to your funds.

No way. I’d better leave it to the devs. For 2 years of using Freewallet my funds were safe and sound without me having the keys.

What's the point of owning cryptocurrencies and being your own bank if you entrust your funds with other people who can screw you at anytime they like? Then again, your money, your loss, not mine. Non-custodial wallets are still the go-to wallet for someone wanting to have full security and full control of their funds and is also the best type of wallet one can ever ask for, be it the full client wallet, an HD wallet, hardware, you name it.
7677  Bitcoin / Bitcoin Discussion / Re: OTC crypto trades with cash on: July 16, 2019, 06:41:06 PM
First of all, is that legal?
Secondly, where could I find people to trade with?
I searched and find LocalBitcoin and Paxful, I noticed they are C2C with a lot of scams. And they generally limit the total trade amount and charge a lot of fees.
Looking forward to responses.

Cash trades with LBC are very rare, or may have been discontinued already due to the multitude of regulation engulfing the crypto market currently, moreso with the uncertainty on most countries wherein cryptos are neither legal nor illegal. Anyways, OTC trading is available if you have a large $$$ to spare to buy crypto. I'm pretty sure there are numerous reputable exchanges who would love to have you as a customer, although again this will come with documents that would testify to the 'weight' of your trades.

You could look into Mycelium marketplace which is an in wallet advertising thing for traders. I'm not sure how active it is any more.


Uhh, is this still a thing? Last time I heard about Mycelium marketplace was some 2 years ago.

In olden times people would use Bitcoin meetups to trade in person. Maybe that's still a thing.

Still pretty active in the Philippines. They can usually be found on Facebook groups and a dedicated Discord channel for serious traders only.
7678  Bitcoin / Bitcoin Discussion / Re: Ron Paul Pledges Allegiance to Bitcoin, Calls Crypto a ‘Great Idea’ on: July 16, 2019, 04:34:41 PM
He further commented that because he “likes competing currencies,” he’s all for cryptocurrencies and in favor of whatever Facebook is cooking up.

“Historically, governments always have to have a monopoly control over money and credit. That’s why we have a Federal Reserve instead of allowing the market to operate.”

Link: https://www.ccn.com/news/ron-paul-pledges-allegiance-to-bitcoin-calls-crypto-a-great-idea/2019/07/15/

Two competing ideas don't go well together when mixed up, especially two conflicting ones at its core. I like the Libertarian roots of Ron Paul, although siding with Facebook, especially liking what it's cooking already defeats what he stands for. It's a good thing to know that one man with enough knowledge and experience supports an ideology that has been pushed away by the big voices and corporations for the last 10 years, and it greatly adds up. Though I'd be honest I didn't like what he said about Facebook in the article. Libra isn't really what cryptocurrencies should be, IMO.
7679  Economy / Trading Discussion / Re: BITCOIN CONFIRMATION on: July 15, 2019, 05:10:22 PM
NeuroticFish is right. Bitcoin does not care about fiat currency equivalents if it was send through the bitcoin network. Only on exchanges would you find the USD difference from before you sent it and after you send it. 0.009 btc is still 0.009 btc in the bitcoin network while on exchanges, its USD equivalent might fluctuate. Don't think of USD equivalents when sending bitcoin to bitcoin transactions within the bitcoin network, unless of course you're a trader and time is really important to you.
7680  Bitcoin / Bitcoin Discussion / Re: Would you be mad if satoshi sold all coins they own right now? on: July 15, 2019, 04:51:23 PM
I won't get mad as it's theirs wholly, and it's their responsibility/decision to sell it for monetary value and/or anything. True it can potentially drown the market and send it into the abyss but then again we know that bitcoin has always the potential to bounce back and regain what it lost. I still believe in the initial intention of Satoshi as to why he/she/they created bitcoin, and I know so well that I've already benefited enough from the said invention in terms of profit and money, so yeah, I'm good should that happen.
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