most people think that "No useful Dapp or any sort of business based on bitcoin or crypto in general that is making a decent amount of revenue except for exchanges and mining hardware companies.!"

If you have to debate with someone about the "real" value of bitcoin. rather than people buying it to sell it for more fiat , what are the proper arguments that you have to use ?

people have already built this kind of immune system against the benefits of Decentralization which is bitcoin strongest weapon.

i mean the average person does not really care about centralization, more than 90% of the world's population, go to work early morning, go home in the evening, get paid by the end of the month and really do not give a fudge whether their money is sitting at the bank or an Exodus wallet as long as they get to spend it.

that average person would buy into a new idea if it has something of a direct change on his life style, i mean if you were to invent a cheap flying car then the whole world would want to have it.

I was trying to promote bitcoin to one of my friends, and he did not seem to be impressed at all, a while later another friend of ours talked about this new product that you  can apply to your penis  and get an instant 0.5 cm extra length and my friend got so excited and said he is going to buy it.

it's not funny i know, but seems like he has got a small one and he needs to fix it. so he THINKS he is got a problem , therefore whatever solution you throw at him is an easy SELL.

but people do not really have any problem with fiat or how govs print money out of thin air. they really do not care as long as they get enough of it .

so what is the real use case that we can plant in these people's heads ? do we have to create a problem that matters to them and then propose bitcoin or crypto  in general to solve that matter?

how do you go about convincing some one into at least believing in bitcoin as appose to buying it. ?

If you think the earth is flat because it says so in the Bibble, then maybe its about time to realize that the bible is not the words of God, neither the earth is flat.



and before you shut your eyes/ears , watch this > https://www.youtube.com/watch?v=anco9K7YNOQ

judge by yourself.

we will most likely have some sort of correction to 5450-5700 before attempting another low. unless BTC makes a daily close above 7500 , it will always be safer to short it. many people keep their eyes closed and waiting for 20k again , i know not every is a trader. but it really does pay off when you sell high and buy low. my plan is to get more BTC shorting it, not to get more fiat. as i am pretty sure BTC will sky rocket. but it's just not now. not until 2020.

Thinking, believing and hopping do not always reflect the truth. look at the charts.

A few  days ago i was still bullish on bitcoin as it stayed strong above major support  trend as well as horizontal support support of 5800$-6100$. the bulls defended that area for from the beginning of the dip on Feb, the long positions on that area were always big enough to bring price up as soon as it mingles around those prices.

this time however, it's pretty different. price went pass them like they were nothing. the area from  5800 to 6100 is has now formed a very strong resistance levels that do not seem to be broken before making a considerable low.

I do believe there could be one more bull-trap before we head down. but most likely nothing major.

The next support would be 4900 which happens to be both trend line as well as a horizntal support formed on Aug 2017 " previews resistance". yet i would not count on that to be a kick start for a new bull run. price will surely bounch back from there only for correction.

breaking lower the 4900 will easily take us to 2900-3100 which is a strong support formed on Sep 2017 from a previous resistance formed on June 2017, what's more interesting that price meets the concept of "history repeating it self" which is about 85% drop from ATH that started in late 2013.

this is the most likely scenario that i expect now, however the hardest part would be the timing. if history is to repeat itself then we will remain a bear market till around Sep 2019 before the next bull run starts.

-------------------------

From a fundamental point of view. recently Crypto has not made anything noticeable that could make it attracting enough to be 2-3 Trillion market.

we see new shit coins every day, most which has no purpose, many scam projects. and recently the hash-war of BCH is one simple example of why the world still think crypto is a risky and easily manipulated market.

we will need couple more months to clear out the path for the true vision of crypto for preparation of mass adoption. as with this situation,prices are as best as they get.


no fud here, just trying to point out the facts. i want nothing more than BTC going to 1 million over night. but this is just not happening.

being realistic can save you from future coming events that may break your heart.

----------------------------------------------------------------------------------

24/11/2018  9:55 pm (GMT)
UPDATE : BTC is down about 30% from the time I posted this, some moon boys probably did not like what i said, some said TA is B.S . but if even 1 person took my analysis seriously and benefited from this i am glad enough.

currently btc is trading at  3940$ on binance .

we will see some relief from here, but most likely only a bear flag that will only bring another dip.

my strategy is to buy into this market slowly as the bull run could happen any time, but major buys will be around 2900-3100$ .  i might increase my buying postion at 3500$ area if i see some good price action.


as i mentioned in one of the comments, the only way for BTC to really be in a bull market is with a daily close above 7500$ with some huge volume, aside from that any surge is nothing but a good chance to short.

Sorry to hear about what happened to you.

but to be honest these guys are smart, i mean who would have though of cloning a whole forum i even spoke to the devil and he confirmed it was not his idea !, change a single letter in the url/domain, make a complete thread with all different types of member ranks , questions, answers . this is so much effort spent , much more effort than the old school of "send 0.1 btc to receive 0.5 btc".

thanks for sharing this , nice catch.

I do not think you need to use the SDcard method. as long as power didn't cut during the flush.

you just need to perform a different reset method. which is using the IP report.

1- Turn the miner on

2- Hold the IP reported for 5 secs

3- Power the miner off (while keeping the IP-report button pressed)

4- Power on ( while still keeping the ip-report pressed)

5- allow up to 30 mins and then look on your router dhcp leases. and it should show there.

some times you need to off and on again after step 5.

let's know how it goes.

Craig is sick and needs immediate care , really.  while promoting for his bitcoin cash SV (shit version) he brings up all kind of fud and bullshit about dumping BTC for hashing power , then goes about flaws in SegWit that he will reveal next year on twitter , a few days later while is he losing the hash-war he signs a valid signature for Satoshi’s key from block no 9 telling the same bullshit about SegWit, without revealing  the actual preimage for the hash of that message, thinking that everyone is so stupid to take this signature for a proof that he is Satoshi.

all he does is spread fud/rumors that suit his interest, if he suddenly changes his mind and invest deeply in BTC you will see all kind of new behavior talking about how BTC is going to 1 million in 2 weeks.

Do not panic, BTC has some of the world best programmers/coders/developers on it's side. if anything was that bad , they would have fixed it long before Craig sees it in his dreams. 

BTC could very possibly go to 2500-3000$ but not because the EXPERTS said so. if the experts know this much why haven't they bough BTC for 1$ and sold at ATH? they would have been so busy spending the money they made rather than posting some bullshit online.

I disagree with this theory of hardware companies use their machines before selling them. unless you mean " using their own , keeping their own" and after wards sell " other machines of same specs" that COULD make sense.  but there is noway they could mine with an ASIC and then pack it, and sell it as a brand new.

if you have ordered any ASICs from bitmain "for example" you could tell by

 1- how clean they are: I randomly disassemble my gears and they all look 100% dust-free.  the cost and time needed to bring it back to this state after even as low as 1 day of mining is amazingly high. try it out, it just will not work. a brand new device is a brand new device.  

 2- the smell of the "never used"electronics. if you have enough experience dealing with electronics you can really SMELL and FEEL something that has never been powered up, not even for testing.

of course there could be some exceptions of some ASICs they used/tested and then sold as a brand-new but this is minimal and most people who support this claim against hardware companies are people who lost money investing in something they do not understand and will do/say anything to make themselves feel better. not defending any ASIC manufacturer just stating facts    

aside from that I agree with your concepts. very nice paper and good job.

oh i almost forgot ,what do you mean by

I am no psychologist but you do seem like you do not think you made the best decision when you chose to have your miners hosted for you. you are just hopping people will support your choice and say hey you made the best decision of your life.  ! i don't know exactly what are you hoping to read but I can tell you that there is nothing wrong with both methods. it all comes down to your way of doing things, skills , location and available time.

in most business, the greater the risk, the higher the rewards. you chose to take less risk by paying extra and getting less profit. nothing wrong with this.

myself on the other hand would only build my own, specially if the number was a big as yours 2000 S9's. as you mentioned you were able to start mining when there was a market for it. so assume you paid well over 1k per miner, you went above 2 million $ ! . I do not know about your whereabouts but where I live it would be very stupid to have 2000 Asics hosted. you looking at about  3 MW set up. nothing too complicated ! , i would have made much more profit building my own farm than having my 2000 Asics hosted at more expensive power rate.

but again as i mentioned it all depends, most Chinese farms buy their own power plant, typically building a whole complete infrastructure  from scratch in order to get dirt cheap power rate as appose of having the electric company supplying them with their own . this does not make them less smart than you are. it's just different for everyone.

you have  quite a good imagination , i did not zoom out or in of anything. i simply screenshot the charts as they were showing on my screen with no intention of making any illusion. the charts were simply to show you the last 3 candles on the daily chart regardless of how large or small they may look they are all on the same time-frame. these are charts based on real values, it's not what i THINK as you mentioned.


any how, you have a good explanation on why haven't those coins dumped. which is obvious ! nobody was "continuing to sell them" which has not been the case in most other dips. most of the time if not all, every time people sold bitcoin with that huge volume , people panic and sell more ALTs. it's this concept that most traders have, if btc that has almost 50% of the market cap is dipping then it will only be worse for ALTs. but this time it was different. and if you look at XRP chart of today it's up 5.5% the last 24 hrs. this makes xrp down by -2.7% on 7-days change.
xlm gained 2.77% the past 24hrs makes it down -5.32% based last 7 days change,
while bitcoin gained .16% the past 24hrs and down by -13.46%  on 7 days change  * all based on USD rate for 7 days change.




the image above is from CMC app , which represents the average of most exchange platforms.

if you can't trust the numbers shown there. open the charts and do the calcs yourself. you will get at least 99% the same figures. so really it's nothing of what I THINK , it's what the numbers show.


Again i am not shilling any of these coins, in fact i am quite upset about my thoughts. i am worried that people will keep selling their btc for ALTs ,specially those POS coins that i personally dislike.

one guy i knew sold all his btc for xrp thinking xrp has a better support by bankers and in terms of growth centralization will have better success. seems like he is not the only one thinking this. and this may be a new trend for many traders. I hope i am wrong tho.

anyway the next DIP will show how will investors react.



i wouldn't touch any of those coins. risky as hell. if you want to be in the stable mode then just keep fiat. just my 2 cents



indeed , 7 days interval is no were near accurate enough to come up with any conclusions. but this could be a kick-start of a new era. Shitcoins surpassing BTC, and if that train is about to move i want to be in it not just watching from the outside

This doesn't seem like a BIT OF A MOISTURE ISSUE.  as it looks in the image a child can swim in there.  you need to figure out where it comes from, seems like a roof leakage to me.

are you sure you have the S9 and not s9i or j?

if you are certain that you have S9 then what you should do is flush it with the newest version "the auto-freq" and then flush the LPM.

yes this has always been the case, but not with this recent dip. check the comment below, see how xlm could care less about btc dumping. if we see another dip for btc and xlm holds, then it would be a strong sigh that some alts will decouple from btc.

we need to be open minded to whatever the future may bring and not to always live in the past.

why are many of you buthurt? unless you are dumb enough then I do not see where and how did you conclude that i am trying to spread FOMO or HYPE over xlm and xrp? mining is one of the main sources of income for me. I so want nothing more than BTC and pow coins succeeding over these pos coins including xrp and xlm.

the only time i buy those coins is when i day trade them to get more BTC . so really relax not trying to shill xrp and xlm.

the main point here is simply asking why havn't we seen a huge drop on xlmbtc and xrpbtc ? usually when BTC dips alts dumps against it. but this last dip it was pretty different.

BTCusd




xlmbtc



xlmUSD




look at the last 3 daily candles. BTC is dumping , xlm doesn't give a fuck ! .

this is a rare case. I have been trading the market for quite sometime and almost every time BTC goes down against USD , ALTS dumps even harder. this time it was different and it kinds rings an alarm !

if you look at ETH, LTC ,EOS,ADA,XMR,TRX,DASH etc, they all lose value against BTC therefore losing more $ value than btc. but these 2 coins have not. this is what I am trying to point out. talking particularly about this last dip, and not from ATH.


To sum up, I personally think that  investors might start to have more trust in ALTs than they did before,  i know no ALT will surpass BTC at least I will not live long enough to see that happen, but i highly think the next bull run will favor some ALTs more than BTC.


If you want to be BTC enthusiast that is your problem, I am in this to make more MONEY that's my first motive, second motive is the technology. I bet all of us are the same but most of us are just to shy to admit it saying we are in for the technology.

The true believers are there, we are still mining, hodling and trying to improve the adoption of crypto. even if you joined last month you are still an early adopter.
5 years from now people will regret not buying the dip, same shit happened every year from year 1 in crypto.

dude, get yourself 10 btc stored in a hardware wallet, come back in 5 years and you are a fucking millionaire. mark my words.

 So regardless of the reason of this last dip. I noticed 2 of the top 10 coins ( XRP and XLM) sort of survived the dip and performed well against BTC which usually is not the case comparing this dip to  previews dips . take 11th oct 2018 for example.

in USD rate in the last 7 days :

BTC dropped : 13.48%
XRP dropped : 6.7 %
XLM dropped : 9.2%

also XRP surpassed ETH "not for the first time" but this time i think it will last.


I think that these 2 coins will remain more stable than bitcoin for a long time.

seems like centralization or semi-centralization in crypto is going to take over one way or the other. I hope not but we shall see soon.

tell me what you guys think?

I have a few S9s running with free power and I have a diesel generator as a back up. those will never be turned off, there will be no end of mining you got my words 

This statement is 100% wrong. as the hashrate drops, difficulty drops along to maintain an average time of 10 mins per block. nothing will affect the fresh supply but the halving.