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9661  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2020, 07:19:37 AM
So i followed that interesting conversation today...

Two medium educated men, proud of their 5%pa investments (stock market or fonds based, excluding inflation loss), were talking about bitcoin.
They said buying btc at the time would be dumb, because if you aren't an early adopter, it's just a ponzi.
Also, that if governments don't take measures against "this ponzi", they must be either holding OR they have no control over bitcoin.

Don't get me wrong, i would enjoy being simple minded like these two, but then i would also probably fomo all-in right before the next ATH (2022 probably?).
At that time, they might even ask me if i heard about bitcoin, and that i should sell my house to buy btc)

It's somewhat entertaining to find out it's ponzi only if you are not an early adopter. Grin

And yes, they are the majority in the world, we are just a small and strange(!) minority.
9662  Bitcoin / Bitcoin Discussion / Re: recovering seed from address on: January 09, 2020, 06:44:47 AM
As @pooya87 said, checking the balance is not useful. Keep in mind that the money is on the blockchain, not in the wallet.

What I suggest:
1. Move this thread to the tech area or some of it's subs: https://bitcointalk.org/index.php?board=4.0
2. Learn from Ian Coleman site and code to generate addresses directly from seed (without using Electrum or whatever), addresses which you'll compare with the one you have.
9663  Economy / Exchanges / Re: Exchanges which do not charge a withdraw fee? on: January 09, 2020, 06:23:06 AM
What you write here, OP, may be wishful thinking.
The exchanges earnings are coming from the trade fees and withdrawal fees. Their aim is that you keep your money inside their platform, so obviously they charge extra if you withdraw.

The biggest list of exchanges and fees I know is this: https://bitcointalk.org/index.php?topic=5079048
The very few exchanges with no withdrawal fee ... I just don't know them so I cannot recommend. However, they can increase your list.

For the known exchanges, what I can recommend is:
* withdraw bigger batches if possible
* plan in advance and withdraw only what you plan to hold for at least months
* if you just move funds from one service to another you may use altcoins for the job: for some such altcoins the withdrawal fees are way lower
9664  Economy / Trading Discussion / Re: Easy way to accumulate BTC while still Hodling. on: January 09, 2020, 06:04:15 AM
It's interesting that he came across this website and hurried up to notify us... after advertising it last year too and discussing on the thread of this service's ICO in ... 2018!
9665  Economy / Service Discussion / Re: Generating Bitcoin on the side? on: January 08, 2020, 02:47:47 PM
Hello & welcome.
The operation to "make Bitcoin" is called mining. This means that your question should have been in the mining subforum: https://bitcointalk.org/index.php?board=14.0
In that subforum the first sticky tells:

TL/DR Summary:
 - You CANNOT meaningfully mine bitcoin with your PC or laptop no matter how powerful it is.
 - You CANNOT meaningfully mine bitcoin with your tablet or phone no matter how powerful it is.
 - Mining apps for your phone or tablet that claim to mine bitcoin are almost certainly scams.

So no, you cannot mine Bitcoin with your PC. If you want to mine you have to buy ASIC device.


Now, you can mine altcoins if you have a very new/good GPU and/or a Ryzen CPU. And those altcoins you may sell for Bitcoin.
But this makes sense only if you have very cheap electricity too..

All in all, the easiest and probably the cheapest solution too is to actually buy Bitcoin for money. If you do that, you better read about wallet and exchanges first: https://bitcoin.org/en/
Else you may do something stupid and help(!) somebody steal your coins..
9666  Bitcoin / Bitcoin Discussion / Re: Bitcoin & Centralization on: January 08, 2020, 01:27:36 PM
OP, you should read the answers in this topic: https://bitcointalk.org/index.php?topic=5209011
The problem is the same: decentralization.

Usually the term decentralization for Bitcoin is related to the number of nodes, not about the centralization of wealth.


Although there are probably many Bitcoin whales, many exchanges' and other service providers' cold wallets may be also mistaken as whales. Also I expect many early fat wallets are actually lost forever. So the problem may be a bit smaller than some think.
Also new bitcoins are mined on the daily basis. If you are concerned about who owns them, go buy as many as you afford (although you should better don't invest more money than you afford to lose).
However, go read some of the answers there. They should be interesting and useful.
9667  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum after hard fork Istanbul on: January 08, 2020, 01:15:01 PM
Maybe other participants of the forum will try to dissuade me from buying this coin?

Since you asked for it, here you are:
For me all investments in PoS coins were a disappointment. All this happened before 2018.
And it makes sense. Just imagine, for Ethereum: in the past 2 years whoever wanted to accumulate, had plenty of opportunities to buy. After becoming PoS all these whales will have free coins to dump/sell.
Will this make the price rise or fall?  Wink
9668  Other / Beginners & Help / Re: Are these websites BS? on: January 08, 2020, 11:35:21 AM
Some guy messaged me on discord claiming to have the admin panel of this website and rigged the gambling game for me, then asked me to bet and he'll rig the game.

I didn't check those websites, but this "rigged gambling" thing is a known scam that seems to be quite popular in the last month.
Would you genuinely expect somebody just give you money for free by scamming a casino?!
9669  Alternate cryptocurrencies / Altcoin Discussion / Re: Withdrew 60k USDC from Binance and it doesn't show on etherscan. Lost 60k???? on: January 08, 2020, 09:38:03 AM
I prefer Ethplorer since Ethscan missed some tokens of mine a few years ago.
So... can you please tell more about this transaction, was it done by chance 2 days ago?
Is it .. this one? https://ethplorer.io/tx/0x60c4bcf4a5a9afc984b3cc474eca446a0ac2a28b0f7a60e6176081e1ee72afc4
9670  Economy / Service Discussion / Re: localbitcoin steals me? on: January 07, 2020, 02:48:42 PM
I'm identified ...
I just don't want to accept a change of conditions.
I want to exercise my right to withdraw my bitcoin
and that localbitcoin do what it wants with the account
But I want my bitcoin


You may want to update the original post and give this extra info so people won't tell you again and again about T&C and KYC.


How do you demand a virtual product like bitcoin?
Can I report it in a Spanish court?
Or being a virtual product there is no judicial support?


Virtual or not, it has to count as some sort of good/property. I think that's best to find/ask a lawyer.
Edit: I googled for ask a lawyer spain and I've seen some free services which may be what you need.
9671  Economy / Speculation / Re: Now that we touched $8,000, what's next? on: January 07, 2020, 02:00:08 PM
It has a good chance to defend the 8000... for now. But there's less than 3 weeks until the Chinese New Year, so I don't expect the euphoria last too long.
Are you sure Chinese New Year will have an effect? I think it will be the same as Christmas. there is no significant effect. but if this time continues to break above 10k it does not mean the influence of the Chinese new year, maybe the effect before halving will have a FOMO.

I am not sure of what the future holds, obviously.
But from what I remember from other years the periods before Chinese New Year and US tax day are not great for Bitcoin price, so .. those are my expectations.
9672  Economy / Speculation / Re: Now that we touched $8,000, what's next? on: January 07, 2020, 11:18:13 AM
It has a good chance to defend the 8000... for now. But there's less than 3 weeks until the Chinese New Year, so I don't expect the euphoria last too long.
9673  Other / Meta / Re: Widget with current crypto prices embedded in the forum? on: January 07, 2020, 11:08:48 AM
I don't see why people can't simply open a new tab at preev, bitcoinwisdom or whatever, there are plenty of websites which show in the title the current price of the pair you choose.
And this also solves the unnecessary bandwidth issue and it covers all the pairs the users would want.

So no, really, a widget is just not necessary.
9674  Other / Meta / Re: Posts: 0, Activity:0, merit: 136 on: January 07, 2020, 10:47:08 AM
Looks more like some experiment.

I see it as some sort of abuse. If it would have been just an experiment he wouldn't have cared to delete the post(s).
And I tend to believe that a proper account made in 2017 should have quite some posts if it wouldn't be shady / getting its posts deleted more than once.

Maybe the account is getting prepared to be sold?
9675  Alternate cryptocurrencies / Mining (Altcoins) / Re: Which altcoin are you mining? on: January 07, 2020, 10:20:25 AM
1. Find out what's your electricity price.
2. You have to tell us if you want to invest in hardware or you are expecting to just mine with your current computer.
2a. If you want to use current computer, the config is important.
2b. If you want to invest, a budget may be important.
3. Ask more precisely what you want to know.

From what I know ETH, GRIN or XMR are good choices. XMR for CPU, especially if you have Ryzen.
Keep in mind that you may have to have a bit of knowledge in computer hardware if you want to build your mining rigs.
9676  Alternate cryptocurrencies / Altcoin Discussion / Re: An uncertain future of Libra! Is it good for the crypto traders? on: January 07, 2020, 09:24:38 AM
A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/

So, is it good for the crypto traders? What is the future of it?

Libra did something interesting: increased even more the awareness about crypto, increased people's trust in crypto and made the regulators/governments start thinking more seriously about crypto.
The fact it's delayed may be good too: it gives the opportunity to others to also rise. And competition uses to be good. Libra would have had no competition if launched early, giving too much power to FB over people's money and data.
There's obviously a bad side of the delay too: the regulators may slow down again. And the truth is that crypto businesses do need proper regulation, else crypto will always be a pariah.
9677  Bitcoin / Bitcoin Discussion / Re: John McAfee backs out of his $1 million bitcoin prediction on: January 07, 2020, 09:02:48 AM
Does anybody even care what this junkie has to say?
He's even bragging now that it was all a lie and brought new users to the space. He's laughing at our faces saying he was lying in every interview for the last year.

A coke addict, a liar, a shitcoin pumper, basically a scum. It's sad that such people are the faces of cryptocurrencies.

The world is bigger than this forum. I think that, although his pockets quite big funds from various crypto projects, he also did a good advertising for Bitcoin and crypto.
Of course, he's a big mouth and he's bragging about everything he can (and more). Of course, we could use better people to advertise Bitcoin, but think that we are not Facebook to have advertising budget.


I don't try to defend him. I just try to be fair. I have passed over the angry-against-him part (for his shitcoins business) and now I simply find him entertaining.
9678  Other / Beginners & Help / Re: Connecting a hardware wallet to an exchange & transacting on: January 07, 2020, 08:28:27 AM
Coinbase / Coinbase Pro, like most exchanges, use custodian wallets for you. That means that you have an account and a deposit address in their system.

Hardware wallets usually initialize to a seed (which you should keep super safe!) and based on that seed will generate for you as many addressees you'll need.
Indeed, you'll use the hardware wallet with either their wallet (like Ledger Live), either with a wallet that supports hardware wallets (like Electrum).
The exchange doesn't care about your local hardware wallet. The deposit address they give you it's not yours, it's theirs.


So yes, you'll have to withdraw the funds from exchange to your wallet, paying their withdraw fees or transfer back to exchange, paying the tx fee.
Normally you should keep on the exchange only the money you trade. Of course, you'll have to think in advance and optimize so you don't pay unnecessary fees.
You will also see that in the days there are bigger price fluctuations the network tends to be busier and the tx fees may rise.
9679  Bitcoin / Bitcoin Discussion / Re: John McAfee backs out of his $1 million bitcoin prediction on: January 06, 2020, 12:56:13 PM
He does this unbelievably early. He should have kept the suspense until next winter.
Of course, the actual move is not so much unexpected.
9680  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2020, 12:38:58 PM
Quote
All Nakamoto contributors are pro-Bitcoin (BTC) for the long-term. We believe a commitment to the success of Bitcoin reflects core values of our community. Beyond that, we are ecumenical and publish a variety of points of view. See our contributors here:

[~snip~]


Ja, ja, better laugh than cry, this won't work.

I'm not sure I'll cry but I guess I should. I mean WTF?!?!

Roger Ver
CEO Bitcoin.com
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