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8501  Economy / Speculation / Re: Bitcoin is currently in an uptrend reversal. on: February 22, 2019, 05:46:51 PM
Price seemed to have staled since, as we really not have seen any major movements on bitcoin prices, just a few small swings here and there. If this was indeed an uptrend reversal, we would be seeing a broken $4000 resistance and prices beyond the said point, but no, we haven't. Too early to confirm a trend reversal, and definitely no signs telling us that we are indeed correct. I'll stay where I'm at right now and wouldn't take a huge confidence on this recent rise yet, as this could easily be a bull trap for all we know.
8502  Economy / Economics / Re: On value dilution on: February 22, 2019, 05:07:47 PM
Well tbh, I don't see anything wrong with altcoins gaining value side-by-side with bitcoin if they have something to offer, but the apparent pump-and-dump nature of altcoins is what gets me, really, considering that most are just made to fatten the pockets of their developers and team. Now, you won't really be sure about everyone liking bitcoin as they still have their preference over what coins would they put their money on, so the notion that altcoins are sharing bitcoin's supposed value is wrong. Not that I'm pro-altcoins but it's just hard to be one-sided on things that has open-ended and vague point-of-views and outcomes.


If Bob likes something but bitcoin couldn't offer it, he wouldn't buy it. However if Bob saw what he was looking for on another coin, he'd most definitely buy it and stick with it. The way I see it, it's like just your regular restaurant: majority would recommend A simply because a lot of people recommends it too, but your picky taste buds love to mingle with exotic foods and so you go to restaurant X.
8503  Bitcoin / Bitcoin Discussion / Re: Best new way to pay with Bitcoin on: February 22, 2019, 04:18:40 PM
I've already pre-ordered the S10+ and can confirm that they really have the said feature enabled. A few months back when everything was just mere speculation, I didn't believe that they would be able to really integrate the wallet into the said phone. I don't know if the Knox counter would be able to sync with the said wallet, because if so, this will get hackers a hard time messing around getting over with the said security feature Samsung is notorious about. However I wouldn't bank largely at this to cause some hype for bitcoin and crypto, as the hype is still somewhat centered on the device itself. Also, most premium smartphone users won't even care with what's in their phone at all, as long as it's the latest and works.
8504  Economy / Trading Discussion / Re: EUR market: why is it so unpopular among Europeans? on: February 22, 2019, 03:55:27 PM
I'd have to guess that it has to do with liquidity and trading volume. Even if there's a large market share for the EUR market, liquidity and volume of that is nothing compared to the USD market. The volume is there, but certainly not as significant and as lively as the USD markets are. Also, the rest of the world are into USD/BTC too, so it does really make sense to join in the party and trade using the said trading pair that the rest of the world is involved with. EUR transfers from banks to exchanges are smooth, fast and cheap, but that's where most of the traders end the line.
8505  Economy / Trading Discussion / Re: Keep proper distance but not losing passion on: February 22, 2019, 02:49:21 PM
I myself have experienced quite a few lucky breaks in my few years of trading, but I still don't consider myself as a seasoned and experienced trader. I also never try to get my feelings heavily involved as I know that it wouldn't be good for me since I will always try to recoup whatever losses I might incur. I might have done it on gambling and online casinos before, but certainly not on trading as I know that I can always make a way to profit compared to online casinos which is just pure luck honestly.

Points are valid and taken, and newbie investors should keep such things in mind.
8506  Bitcoin / Bitcoin Discussion / Re: Taintchain on Bitcoin on: February 22, 2019, 12:29:43 PM
So if bitcoins are not considered cash due to its transparency and can be tracked easily, does that mean that fiat is the best candidate for money laundering due to its anonymity? Idk why Taintchain wants to do something about taint analysis when in fact it's already readily available if people really want to follow the trail. Also, what if the unknowing, innocent people received the tainted coins? Would they be a subject for interrogation if ever? This will just show that the majority of the coins in circulation is actually dirty and people might even avoid using bitcoin for their own safety.
8507  Bitcoin / Hardware wallets / Re: “World’s first unhackable device” on: February 22, 2019, 11:00:54 AM
Nothing is unhackable in this crypto verse.

Bitcoin itself and its private keys would be the ones remaining to be 'unhackable,' if you count brute-forcing as a method of hacking, that is. Certainly, no system devised in this day and age is bulletproof: there will be vectors of attack present in every system no matter how strong or how bulletproof they seem to be. As for the claim of John McAfee, I applaud the man for his works on cybersecurity, but he must also know that he is not a god when it comes to such things.
8508  Other / Beginners & Help / Re: The $5 wrench attack on: February 22, 2019, 06:36:30 AM
I don't disclose that I have bitcoin or crypto holdings to anyone apart from a few, very close friends that are way richer than me. It's better to stay that way than to broadcast it to people that you have such holdings to ensure that you will not see yourself under the wrench (lol). Or if the bad dudes know that you have such holdings, only give them a small sum, divulge more information with little balances on it if they aren't contented and hope to heavens that you are still alive after. Getting secretive and anonymous is always the best bet you have in order to not get into such silly situations.
8509  Economy / Economics / Re: What is the effect of adding a bitcoin currency symbol to iOS? on: February 22, 2019, 05:15:53 AM
Nothing, it's just a cool symbol coming in to smartphones considering how big the publicity was for bitcoin in the past few years. Also, there are a lot of crypto enthusiasts that are using iOS phones and machines for their everyday life, and this little symbol Google added on their keyboard can come in handy on some situations. In the near future, this symbol could be on Google's Android keyboard too, knowing how many people are really using android compared to iOS. Anyway price wise, this wouldn't do anything significant aside from a cool little heads up that such a feature already exists in a keyboard.
8510  Bitcoin / Bitcoin Discussion / Re: Bitcoin could've been created by the US government...Coincidence? on: February 22, 2019, 04:58:23 AM
Another tinfoil theory that has been discussed countless of times in this forum. Even if the governments indeed created bitcoin, it's too late for them to cancel it or to claim authority over it, as it will surely destroy what their cause is. Also, the NSA is involved in a lot of cryptographic algorithms that they might possibly be involved in every possible security system in the world, so there's that. There's a possibility that they might be the ones who constructed this opus but at this point, does it really matter when a lot of people, money and time is already involved?
8511  Bitcoin / Bitcoin Discussion / Re: Elon Musk calls crypto “quite energy intensive” on: February 21, 2019, 07:59:36 PM
If a visionary like Elon Musk, who provides clean energy for a lot of residence and commercial spaces, actually built something that the miners might utilize, this wouldn't be a problem. Perhaps it could even be a huge market for him and his companies, considering that there are already a lot of miners operating worldwide who are already complaining about profitability declination since the bear market began. Needless to say, this is not a serious matter, and most reports of bitcoin's 'environmental damage' are exaggerated, and can easily be found a solution if we really want to.
8512  Economy / Trading Discussion / Re: What do you need in A Cryptocurrency Exchange ?! on: February 21, 2019, 06:49:45 PM
No need to look further, we have big exchanges with high liquidity so no need to look for more. I personally use binance, bittrex and hitbtc.

I list some though these are common things that we should look up to.

• Privacy
• Security
• Liquidity
24/7 support
• Instant deposit and withdrawal

The bolded option seems to be a rare find in exchanges nowadays. Yes, they may have customer support service but most of them take days or even weeks to respond in an urgent query. Some may have live chat available, but pre-generated text is what greets me most of the time whenever I have something to ask. I am yet to find and exchange with an exceptional customer service that really replies within the day and actually resolves my problem on their platform whenever I need it.
8513  Economy / Trading Discussion / Re: Panic selling and postpone from trading, which one is the worse one? on: February 21, 2019, 05:36:33 PM
I'd say panic selling is the worse between the two, considering that you made some obvious rough and shitty choices which led you to such situation, whereas in postponing your trades, you obviously had done your research beforehand and you listened to your guts, even if doing the opposite may net you some profits. Playing it safe is better than playing it without any game plan, and the latter simply means you understand fully that it is quite unsafe to trade. This is money you're dealing with, and you really have to be extra careful in order to get successful in your trades and ventures.
8514  Economy / Speculation / Re: Rediculous trade orders with dust on: February 21, 2019, 04:50:14 PM
That's a surprise... I thought Coinbase would have banned that type of trade by now. Even Poloniex since early last year (or was it even in 2017 I can't recall now) made changes to their system so that those types of trades can't happen. If I recall, you couldn't put any orders more than 5% variance above/under the current market price. You also couldn't do dust trades. In fact, I remember most of my asks were cancelled (I don't see what's wrong with setting a buy order seriously below current ask in case a flash crash happens).



This was in 2017 where dust trades were effectively removed from the platform. Well from the platform's point of view, any bugs may happen at any given time. The one I recall was the same as pooya87 stated on his post. If there was a huge number of dust trades waiting to be fulfilled, and at the same time the platform decides to go crazy and list items at a laughably ridiculous price, then poof goes the profits and the money of the users and the exchange. But yeah, flash crashes do occur, and they should have made some minor changes on the way they handle trades below and above the current market price so that traders will have the time to react and position themselves better on the market.
8515  Economy / Speculation / Re: Technical analysis is a another form of manipulation. Here is everything I know, on: February 21, 2019, 04:02:13 PM
Everyone knows that TA in itself is really not an accurate tool to describe the future events in a market. It is a good indicator to position yourself on a given trend, though it isn't all that you need in trading. If someone sold you their own TA, then probably they are trying to instill something on your mind that the scenario they have is what's gonna happen, you should believe otherwise. The ones that are making money off of the droughts of the market are the ones selling their own predictions to the uneducated, and that's been going on for quite a long time now too.
8516  Economy / Speculation / Re: JP Morgan creating their own bitcoin storyboard with the help of Bloomberg on: February 21, 2019, 03:26:06 PM
This isn't new as we all know that Jamie Dimon is a scum who will do anything for publicity and free promotion. No one really knows what is the catalyst for the recent price increase, and perhaps JP Morgan was just lucky that a few days after they have stated their own cryptocurrency, something happened within the cryptomarket which caused the price increase. Anyway, it's just pretty obvious that someone got paid for the said article even though most of us here know that their own coin was not the reason. Let them enjoy their own party, I guess.
8517  Economy / Speculation / Re: bitcoin price increase on: February 21, 2019, 02:48:15 PM
$20,000 is not a recovery price for bitcoin but rather an overly-inflated price that was made possible due to excessive FOMO happening and money coming in from credit cards. Recovery price would be somewhere @ $5000-$6000, though I'm pretty sure it isn't possible yet considering how bleak the foundation of this current rise is. Unless we break into the $4000 territory, there's no chance that we will be seeing more gains than what we're having right now.
8518  Economy / Economics / Re: Craig Wright is once again claiming he's Satoshi on: February 21, 2019, 01:30:03 PM
The man doesn't stop. I'm more inclined to believe that Hal Finney is Satoshi based on his in-depth understanding on the workings of bitcoin. While people are just asking for CW to move his funds from the known Satoshi addresses, he can't do it, and tries to circumvent the public attention into other reasons that he could be the real satoshi. Needless to say, he's just wasting the public and the media's time to feed his ego, and anyone shouldn't be listening to his claims anymore. A number of few reliable and easy ways to prove his identity is available on the bitcoin client he himself devised yet he won't use it.  Roll Eyes Roll Eyes Roll Eyes
8519  Economy / Trading Discussion / Re: Gaining quick profits or keep holding? on: February 21, 2019, 01:02:48 PM
If you feel like the trend isn't going to last, collecting profits for now, if you're already up by a considerable percent is good. Always trust your gut feeling when it comes to trading, as most of the time that would be the correct decision. However if you have already built a significant sum of holdings in your arsenal, it's best to just hold and wait for a better selling opportunity rather than be eager and excited to offload it now. You just need to know what sort of strategy are you going to use in order to take advantage of the current situation.
8520  Economy / Economics / Re: Blockchain or Business Model? on: February 21, 2019, 12:41:09 PM
Which is true. Most businesses don't really need to rely on blockchain to make better outputs and to serve the public better, and most are just riding the hype in order to gain that funding they so do wanted from their investors. Most companies looking at the said tech don't really have the in-depth understanding of what blockchain really is, and just nods their head whenever someone told them that it's all good and will make their systems stronger and more efficient, even if they clearly don't need it just yet.
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