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8781  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Investing in Etherium will now be the right decision? on: August 03, 2020, 09:58:07 AM
would be the right decision for me to invest in Etherium now?

I will be against the huge majority and say no. Don't invest.
You have to read first. You have to find out what is this. You have to see that the update may be postponed, making the price fall (maybe shortly, maybe not). You have to see if the rise against Bitcoin is sustainable (else why not just invest into Bitcoin?). And ultimately you have to learn how the name if this coin is spelled.
8782  Bitcoin / Bitcoin Discussion / Re: Why People Call Bitcoin Blockchain? on: August 03, 2020, 09:29:23 AM
The problem here is more complicated than any other example like the ones you mentioned. This is a new technology and such a confusion would surely disrupt spreading the right info about it.
I moderate a local facebook group where users buy/sell bitcoin for local currency, and i ensure you that 90% of them use blockchain.com wallet and coinbase account as their main wallets. All my efforts to abstract the confusion about the difference between the three concepts bitcoin/blockchain/wallet lost with the fact that most of those users are not familiar with contents made in English and i found it harder to explain everything in my local language[arabic].

Indeed, in some languages it can be tough, especially with newbies.
And it's also not easy to always write clearly "Bitcoin's blockchain" or "blockchain.com (the company/wallet!)" since one doesn't know what's in the other party's mind when discussing.

I clearly understand your problem, since the Bitcoin Support subforum gets its share of confused/tricked people.
8783  Bitcoin / Bitcoin Discussion / Re: Why did we experience an overshoot in the price of Bitcoins ? on: August 03, 2020, 09:06:03 AM
After the halving Bitcoin is expected to go up and up; after investing into stocks and gold, the institutional investors also getting Bitcoin.
Of course "Money printer go brrr" may act as a catalyst.
8784  Economy / Speculation / Re: What will you do when Bitcoin reach$20k? on: August 03, 2020, 07:53:46 AM
Quote
What will you do when Bitcoin reach$20k?

I will wait it to reach 20k EUR! (j/k)

As @pooya87 said: 20k $ is just a number like any other.
Yes, for the most unlucky (who bought at ATH) this would mean finally profit. But most are already on profit at this price and if you stop to listen you can hear the party.

Some will sell (more or less), some will hold (more or less), some may just start buying (FOMO WTG!).
I don't know what will I do. I tend to believe that 20k USD is only a small stop to something much higher. Although I sell now and then tiny amounts, I may wait a little longer, so maybe I can make the bigger part of my stash actually worth something.
8785  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 03, 2020, 07:44:18 AM
Why would they do that? Selling this sharply means losing money.

Volatility always means profit for the exchange, despite of the direction. I am not accusing Kraken to be responsible for the dump. It is just weird that € has any relevance in this game when everybody thinks it doesn’t.

I'm not sure Kraken would gain enough from the fees to cover the loss of such sell. But yeah, who knows?
Although I am European and I care more about the EUR price than USD price, I don't use Kraken. For example Bitstamp also has EUR pair.

And no, EUR is far from irrelevant. Europe do have money, Europe does invest and trade Bitcoin. But for day trade, for example, if one just buys and sells and repeats, the currency doesn't mean anything (so it can be USD, where the volumes are higher).
Keep in mind that Europe is also more than Eurozone and most have to convert the earnings anyway into their local currency. This doesn't mean the orders cannot be calculated in Euro and converted afterwards to the equivalent USD price.

...Or maybe I just over-complicate everything  Grin


This is a very bearish candle.

Isn't just wishful thinking by chance? I mean that you have that specific candle only on the 3-day chart and it looks wonderful in all other charts, including the more usual 1-day ..  Wink
8786  Other / Off-topic / Re: Trump is preparing to ban TikTok on: August 03, 2020, 07:32:33 AM
Trump is preparing to ban TikTok

Maybe he didn't like the videos like this: https://twitter.com/BlakePavey/status/1288818865846120449   Grin

On the serious side, Trump is getting annoyed by this and that and he just thinks he will ban and everything will be OK.
TikTok (Chinese surveillance) is just a response to Facebook (American surveillance). So why just don't ban both?

All the news tell that Microsoft (yet another American surveillance giant) wants to buy at least the US operations of TikTok. Will Trump also ban Microsoft? Or he's just trying to help lower the price?
8787  Alternate cryptocurrencies / Altcoin Discussion / Re: VISA reveals plans to offer Ripple (XRP) pmts & Ripple launches beta for XRP-bas on: August 03, 2020, 06:11:21 AM
From what I know VISA may allow in the future crypto payments, accepting Bitcoin and a couple of major altcoins.
.. and that's all. Not something specific to Ripple. But as usual, the fanboys make (up) big news in a hope to trigger yet another pump and dump.
8788  Bitcoin / Bitcoin Discussion / Re: Why People Call Bitcoin Blockchain? on: August 02, 2020, 07:47:42 PM
(and Blockchain.com !!)
In my opinion, this company is responsible to spread a lot of confusions for every new comer. I felt into this confusion too for more than two years.

Keep in mind that one of the investors in that company is Roger Ver (the one selling bcash as Bitcoin).
Also, it's not uncommon in business/advertising do such (dirty) naming-to-trigger-confusion (mom's pickles, grandma's sunflower seed oil, countryside whatever product... I don't know the En/US version of them, but my country is full of such products, with basically fake names, but they're in my language..)

So keep in mind to research and never believe just a name.
8789  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com uses bitcoin cash as default currency on: August 02, 2020, 07:50:35 AM
Many newbies think that they buy Bitcoin for cheap and when they send bcash to a Bitcoin address come here asking what has happened.
That is weird! Bitcoin cash and Bitcoin are not the same. Though the are look alike, but I agree that most newbies do not even research a thing before jumping in.

Welcome to the world where many choose Abibos instead of Adidas because it's cheap.
Do you think that the newbies understand that crypto is different than the goods where buying the cheaper can be an option sometimes? Or do you think they understand that they don't buy the correct Bitcoin when bcash is advertised (there) as the real Bitcoin and comes up as the first option when one wants to buy Bitcoin?
8790  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 02, 2020, 07:48:54 AM
It went down to € 9200. we were above €10 k for just a few hours. As always I must add. I don’t know why,  but the € 10k is a beast that is somehow hard to cross.  Maybe kraken wants to signal us its relevance? They do most of their volume in €.

Why would they do that? Selling this sharply means losing money.

I think it makes more sense that many Europeans sold at around 10k (a good psychological level) and that's all. Maybe this caused at some point the condition for some big automated sell orders get hit (increase over 10k then starting to decrease)?

8791  Bitcoin / Bitcoin Discussion / Re: Why People Call Bitcoin Blockchain? on: July 30, 2020, 11:20:09 PM
Decades ago people called Internet Explorer (and then all the browsers) "the internet".
Now they do similar by confusing blockchain (and Blockchain.com !!) with Bitcoin
We have to live with the fact that some don't know and don't care how "the thing" they use is called.
Of course, this kind of confusion can lead to problems and money lost. But only then they may (not 100% sure even then!) to try to understand the difference
8792  Other / Meta / Re: Huge donations to bitcointalk on: July 28, 2020, 08:14:08 PM
How is that happening??

You may be forgetting that the bigger donations (as amount of Bitcoin) were made when Bitcoin was small, most probably under 200$.
Many of the spent Bitcoin may be also at low prices. This means that if you calculate everything at today's price of Bitcoin you'll be awfully wrong.

Also, as TryNinja said, quite some of the later income should be from advertising and maybe copper membership too.
8793  Economy / Speculation / Re: Will bitcoin touch $15K till end of 2020? on: July 27, 2020, 08:52:17 PM
The trend looks beautiful now, many have already started dancing, still, anything can still happen and we cannot foresee the future.
As long as the price goes this nicely, most will predict great future, in which 15k and 20k before the end of the year is easily possible. (I am tempted to do the same, but I won't do that yet.) Again, keep in mind that predictions mean nothing, since noone can foresee the future.
8794  Economy / Collectibles / Re: [FREE RAFFLE] Crypto Stamp 2.0 Full Set on: July 27, 2020, 01:49:20 PM
19 - NeuroticFish

Thank you.
8795  Other / Beginners & Help / Re: How my bitcoins were nailed down in my grandfather's garage. on: July 27, 2020, 05:32:39 AM
The story can't be verified and doesn't really make much of a difference since the OP is not selling anything. So might as well relax and go along with it. I'm still hoping to find out how the drive was attached to the wall and what tools it was supposed to hold.

The point also was that since it's a made up story, the "nailed" part and the use of that could also be made up (and may not be realistic enough).
But I won't interfere more.
8796  Other / Beginners & Help / Re: Prometei: New cryptojacking botnet on: July 27, 2020, 04:52:18 AM
I don't know what is SysInternals live. I've always downloaded it and kept it on my computer.
SysInternals was bought by Microsoft many years ago, so make sure you download it from Microsoft, not from some strange website.
8797  Other / Beginners & Help / Re: Prometei: New cryptojacking botnet on: July 26, 2020, 10:46:37 PM
I've said it multiple times: if you use Windows, get Process Explorer (SysInternals/Microsoft) and put it start with the system.
Also make it always visible in tray.
It will show if CPU is used too much and who is using it. It should help find this kind of malware.
8798  Other / Beginners & Help / Re: How my bitcoins were nailed down in my grandfather's garage. on: July 26, 2020, 10:06:54 PM
It's an idiotic story, but it's completely true...

Sorry, I don't believe this.
MtGox was all over the news and since then Bitcoin kept getting into the news. And its price too.
So 30-40 BTC would have been 3.5-4.5k in 2014 and from that point no way you would leave your coins unattended.

Nice SF though.

PS. Also quite interesting that basically only me and Gazeta were concerned about the truth of the story.
8799  Bitcoin / Electrum / Re: Electrum failed transactions on: July 26, 2020, 12:51:04 PM
Let's start with the basics:
1. Are you sure your Electrum was downloaded from electrum.org ?
2. Do you have the latest version?
3. Is your Electrum connected (bottom-right big green dot)?
8800  Bitcoin / Bitcoin Technical Support / Re: Help wallet BTC on: July 23, 2020, 08:23:21 PM
I need your help I have lost my words seed can make new seeds with my card because my btc is inside

BTC is not "inside" the wallet. BTC is "on the network".
The wallet has only the private keys you need in order to spend those coins.
The modern wallets (re)create the private keys based on the seed.
So... if you've lost the seed, you will not be able to spend those coins. Ever.

If you make a new wallet, with a new seed, that will be a new wallet. Of course, you will still not be able to spend from the other old wallet.

I hope this answer your questions.


Now, depending on the wallet, you may be able to see the seed if you still can open the wallet. What wallet you use? How you know you have the coins, are you looking in a wallet or a blockchain explorer?
Did you write down the seed onto a paper? Maybe you can search more for it?
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