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941  Bitcoin / Bitcoin Discussion / Re: Is Block Chain going to be the next internet? on: October 29, 2018, 07:18:51 AM
I do have to say when I see al the news I have the feeling big movements are around the corner but in my daily life I'm not experiencing it so far.
This is a simple riddle of where blockchain might be right now : https://theblockchaintoday.com/blockchains-position-end-2018/
I think the snowball will appear very soon and could be very big.

After the hype of Bitcoin, it's only natural that hype will leave. The massive increase of the price of BTC only would have resulted in hype, which naturally would have faded.

However, while the price of Bitcoin has dropped since, I don't believe it will drop drastically further, as IMO the hype has created an industry of advancement within Blockchain technology (more companies/startups are being created to developer Bitcoin and technologies like it due to the initial hype)

the rise was not "all hype" it was real adoption and the increasing demand for the decentralized currency that led to the rise in first place and then obviously a rise means profit and profit means greedy people will also look towards bitcoin and the result of that is the hype and the bubble which will be over with a bubble burst and a price drop eventually and that is what we have now.
and that is why the price won't drop any further because of the real demand is still there and the speculative demand that came in because of the hype is now gone.
although in my opinion one of the biggest reasons for no further drop is the fact that bitcoin has dropped more than it should have and now it is underpriced and oversold...
942  Economy / Speculation / Re: Bitcoin is about to collapse this week on: October 29, 2018, 06:57:14 AM
I get it that you had plans to buy bitcoin in a dip that never happened and now you are frustrated because you can no longer day trade and make the little profit you were making but I don't get this silly title talking about "collapse of bitcoin" just because you can no longer make profit thanks to bitcoin stability Cheesy
943  Economy / Trading Discussion / Re: What is your #1 top trading resource? on: October 28, 2018, 09:01:38 AM
first of all is always going to be my own experience. even if I am wrong, that will still be my own mistake and I will learn from it and gain more experience to become better at trading in the future and make more profit in the long run.

second is sites like https://www.tradingview.com/ since it is a proper place for actual analysis of the market and speculating about prices and is less littered with nonsense altcoin bag holder stuff.

I will however make sure to stay away from any kind of channels like discord channels that OP advertised here because they are all filled with bad information or best case is they are pump groups trying to scam you.
944  Economy / Speculation / Re: Bitcoin after 5 Halving - 10 years from now - What will be its price? on: October 28, 2018, 08:42:26 AM
The mining "dump" is the least important of the Bitcoin price drivers,
it actually is an important thing but not the way that people usually think (in terms of "dump" and "cost"). mining is a way of introducing new coins into circulation. in other words the increase of bitcoin supply. and for price to continue to rise, we have to see the demand increase at the same rate or higher.

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If you necessarily need to talk about Bitcoin price, at least take gold as a base currency.
gold price is not stable either!
945  Economy / Speculation / Re: guess the price before 12december BAKKT ([btc]GAME[btc]) on: October 28, 2018, 07:54:09 AM
$9102
fingers crossed!
946  Economy / Speculation / Re: All-Time-High will happen again after Bitcoin Halving on 2020? on: October 28, 2018, 07:09:29 AM
Probably won't take that long. Think i'll probably pass ATH late 2019 or early 2020. By the time the halving happens it'll probably be in full on boom mode going to 6 digits.

I'm hoping for the new all-time high sooner or earlier than the halving too. Bitcoin is capable of that. Did you see the pump that happened a few weeks ago? It goes up thousand dollars in just an hour that it would not be impossible to reach a few thousands more in just a short period of time. It may be quiet in the market now and this would be a good time to build up your portfolio. I believe before 2020, there would be a new all-time high as there are more people who know bitcoin now.

there IS a difference between what you call "pump" and the rise to reach an ATH.
the first one which is not a pump by the way, was not a big rise although it seems big when you look at $1000. it wasn't big because that price rise is about 15% rise and in bitcoin you can't call that a big rise. additionally and more importantly that rise didn't break any kind of resistance. price stayed within the same upper bound which makes it even less significant.
so you can't compare that with reaching an ATH.
also bitcoin is not a pump and dump altcoin which you can just "pump" whenever you like an make it reach an ATH within hours!!!
947  Bitcoin / Bitcoin Discussion / Re: Bitcoin's White Paper Isn't Just Words – It's a Constitution on: October 28, 2018, 06:48:47 AM
if you would have said "bitcoin code" as in the initial release of the first version of bitcoin QT (as it was called initially) then this statement made a lot more sense because the code is more like a constitution since it is defining the consensus rules with details whereas the bitcoin white paper is more like the abstract idea and is used to introduce the concept of bitcoin in as short a text as possible. as Satoshi said:
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime."
which sounds more to be like a "constitution" than the paper.
948  Other / Beginners & Help / Re: Precautionary Steps to Avoid Becoming A Victim of Crypto Crime on: October 28, 2018, 06:35:53 AM
to be fair these "steps" are mostly general guidelines that anybody should follow for their digital and financial security. they aren't really limited to bitcoin. you can say it for anything else such as storing passwords, securing your identity and bank information,... that can be stolen or hacked.
which is why I don't see the point of starting this topic, specially since there are many topics like it.
949  Economy / Speculation / Re: To the SEC bitcoin ETFs can be a bad idea.. on: October 27, 2018, 09:39:05 AM
If i own a million btc plus millions in cash  what i do is buy loads of bitcoin raising the price  meaning i sell my bitcoin SOME of them not all to make a profit from the bitcoin then ....

in my opinion your logic is extremely flawed because of a very simple reason:
there is nothing stopping you from moving your 1+1 (2) million dollar into any other market that already has ETFs and do the same thing there. and there are a lot of other markets with ETFs and they can be easily affected by that kind of money.

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fair way is a fair distribution
by the way the distribution of bitcoin is fair. in fact it doesn't get any fairer than that! and you can't say it is not fair just because someone owns more than you do! that is how the world works. some people are richer also some people are wiser to act faster (buy bitcoin when it was cheaper) and some others are poorer and less wise (like not buying when it is cheap instead buying when it is at the peak of a bubble). that  doesn't make bitcoin distribution unfair!
950  Economy / Speculation / Re: Is "speculation leaving the market"? What does low BTC volatility really mean? on: October 27, 2018, 08:18:02 AM
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As for the future of the cryptocurrency market,

the problem is people only look at the first couple of coins in the "cryptocurrency market" and forget the fact that there are 2500 shitcoins in this market and when you want to talk about it as a whole then you should talk about all the 2500 shitcoins not just the coins on top that started being stable like bitcoin.
and speaking of all of them in the past week there has been 30 coins with the total volume of $20 million that got pumped more than 100% (1x 4000% and 4x 500%). and a total of 150 coins that had a pump bigger than 50% with a total volume of $300 million.

as you can see the market is not at all boring. it is the same as always. bitcoin is stable and undergoing an accumulation phase so day traders are mostly focusing on pump and dumping smaller shitcoins to make profit while bitcoin is stable and come back as soon as the stability was over.
951  Bitcoin / Bitcoin Discussion / Re: bitcoin improvement on: October 27, 2018, 07:51:56 AM
The momentum effect is that if the bitcoin price rises continuously over a week, it may keep growing for the next week. This is a common feature of almost all known asset classes, and we have found that the momentum effect strongly affects the cryptocurrency. We have designed a simple investment strategy in which investors buy Bitcoin only when their price increases by more than 20% from the previous week. This strategy has excellent returns and a very high Sharpe ratio. Wink
You screw my imagination Cheesy, "bitcoin improvement" dan "We have designed a simple investment strategy in which investors buy Bitcoin only when their price increases by more than 20% from the previous week".
I think this is a serious discussion but there is only a beautiful adv that gives a simple investment strategy description. For me a simple investment is buying cheap and selling expensive, it's easier.

it goes to show that despite all the adoption that bitcoin had and the fact that it is now being used as a currency more than anytime before, there still are people who only care about the price and see bitcoin as a way of making profit. which is why OP is thinking price rise is an "improvement".
the worst part about it is that people like OP have little understanding of the market and are only contributing to the volatility. for instance they are the reason for the FOMO buys after a certain percentage rise happens and price shoots up suddenly!
952  Economy / Exchanges / Re: Circle and Coinbase are partnering to improve the stablecoin concept on: October 27, 2018, 07:33:00 AM
others are saying "better than Tether" but to be honest I don't see how!

Tether is created and controlled by iFinex (the bitfinex exchange company) and is located in Hong Kong and registered in British Virgin Islands. it is centralized to this company.
now we have a new centralized coin and the only difference is that it is centralized to a different company which is located in USA!

I honestly don't see how that can be better! they are both terrible for different reasons. you are basically saying this new coin that is easier for US government to control is better than Tether!
this reminds of the expression saying "you get out of one ditch just to fall into another bigger ditch" Cheesy
953  Bitcoin / Bitcoin Discussion / Re: BITCOIN AND LITECOIN NOW ACCEPTED AT THIS NEW JERSEY ITALIAN RESTAURANT on: October 27, 2018, 07:25:06 AM
This is good news but what really stands out for me is the fact that they accept Litecoin.
Its also great to see more merchants accepting bitcoin and litecoin this in the long run
will encourage some more people to spend a little more.

litecoin has been the only altcoin out there that had some similar adoption cases like bitcoin. other altcoins don't have same news ever.

but the real question here is not whether some business is accepting LTC payments or not. the real question that we should be asking is whether people are actually paying with Litecoin? if they actually do make payments with litecoin then this is a great news otherwise it is a pointless thing that that restaurant did, most probably because the owner is an enthusiast.
954  Bitcoin / Bitcoin Discussion / Re: Cyber attacks are good for Bitcoin on: October 27, 2018, 07:18:31 AM
not at all because if you think about "cyber attacks" and things like that bitcoin is also susceptible to them when the normal people use it. the way it is attacked is different but there are still ways to "hack people". for example their wallets, spreading malware instead of wallets so that newbies install them instead and lose their money and many similar ways. so you can't say it is 100% safe and will solve the problems.
955  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Energy Consumption! on: October 27, 2018, 07:03:47 AM
I don't know where this fascination about bitcoin and its energy consumption comes from sometimes. we live in a world that in comparison there are far bigger industries that are consuming a lot more energy than bitcoin and are actually wasting a lot of it. but it seems like certain people are only interested in talking about bitcoin and the small energy that it is using to provide the one of a kind service that is benefiting everyone around the globe!
956  Bitcoin / Bitcoin Discussion / Re: Unocoin one of the largest exchange in india plan to launch Crypto ATM in india. on: October 25, 2018, 03:46:12 AM
for what its worth, this arrest has not been so much about an "illegal bitcoin ATM" but more because of it being an "illegal ATM". of course it being used for bitcoin must have increased the tension and obviously the drama about it but in reality it was an illegal ATM that they placed without any kind of license which is why the arrest of the co-founder took place.
957  Economy / Speculation / Re: What's your plan for the next bull-bear cycle? on: October 24, 2018, 08:35:55 AM
I don't see any reasons why I should change anything in my strategies so I would stick to the same strategy that I have had for the past 4+ years that I have been involved with bitcoin. and that is to accumulate more, sell some only when I see the bubble and the inevitable correction (drop) of it. and buy back what I sold and sometimes even more at the bottom of the dip so that I have not touched the initial investment and I take the profit out only.
additionally I will continue enjoying the altcoin pump and dumps as they increase my small bitcoin wealth more and more.
958  Bitcoin / Bitcoin Discussion / Re: Will you send bitcoins to Satoshi, if you know his Bitcoin address? on: October 24, 2018, 08:11:44 AM
yeah, why not. I have made donations to others that have done far less so why not Satoshi.

BUT I have to first be pretty damn sure that it is the real Satoshi and not some imposter trying to fool us into giving him free money. and that has happened so many times so far that even if the real Satoshi does come out it will be hard for him to really prove his identity. even keys can be leaked and may not be enough to prove anything anymore.
959  Bitcoin / Bitcoin Discussion / Re: btc transferred on: October 24, 2018, 07:57:56 AM
there is no way that you can know how much bitcoin is going where unless these exchanges publicly tell you that they have received 5000, 10000 bitcoin in their wallets which obviously is not going to happen ever. so what you are telling us here is either a lie you are telling for whatever weird reason that might have or you saw some transaction on a block explorer and your imagination started running wild with it.

There are services which index the wallets of exchanges, thus it is pretty possible to see how much they're receiving, although you're usually overtaken by events, and it indeed really doesn't tell you anything..
I am well aware of services such as walletexplorer and their parent company or similar chain analysis groups but they are mostly speculating since their results are not accurate.

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the other funny part is that these numbers aren't even realistic. if you think about it 10k bitcoin is equal to $65 million. and you can NOT even trust an exchange with that much money not to mention you can NEVER withdraw that much money from an exchange, the banks won't even allow it.
I'm pretty sure that there are certain exchanges, Coinbase et al, which let you trade with such amounts..?
even if they do allow you, your bank wouldn't. they will flag your account with enough red flags that it will take a long time to clear your name again.
also you know that it is not just about them allowing you to do so. it is also about trust. I don't think anybody is naïve enough to trust exchanges that are either getting hacked or running away every couple of months.
on top of all that there is the gigantic tax problem that you will face if you move that much money to an exchange that is reporting your ass to IRS Wink
960  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have a place in the future of finance as a global currency? on: October 24, 2018, 07:42:45 AM
what I think is that adoption of bitcoin will continue as it has been so far and we eventually will reach a stage (we can call it mass adoption) where bitcoin is used by a large portion of the world and is used in a lot of places.
and that means by that time bitcoin has found its way in every aspect of economy and since it is already a global currency things will work splendidly.

as for "alternatives" bitcoin doesn't have to hit a wall for them to show up. they showed up in early days of bitcoin and have been showing up ever since. we have a lot of interesting innovations if you put aside majority of the top 50 coins since sadly the way we sort coins is not based on their technology but based on how big a pump they can get and their market cap.
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