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981  Economy / Speculation / Re: What factors cause the fall in price of Bitcoin? on: October 18, 2018, 10:45:38 AM
none of these are exactly cause of any meaningful size drop. usually the panic sells are only contributing to part of the drops ins small percentages but the drop itself is initiated for other reasons. and all of these things will only be a factor for short term not the long term. for long term the demand is still there driving the price upwards and it will be like this as long as there is increasing demand.
982  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin and FIAT co-exist? What will be the advantages then? on: October 18, 2018, 05:23:42 AM
Fiat is the globally accepted currency, and bitcoin can not replace it, neither was it created to.

actually Fiat is local not global. for example you can't go to a supermarket in US and pay with Indian INR although everywhere in the world they recognize INR you will have to convert it to local fiat of that country to be able to use it.
but bitcoin IS global which means if you go to US or India you can use the same thing and pay similarly.
983  Economy / Trading Discussion / Re: Why did the price of Bitcoin suddenly spike up (October 15, 2018)? on: October 16, 2018, 02:16:20 PM
it doesn't really work that way though! Cheesy

first of all let me mention that the recent rise was not a rise at all but in  fact a fall. in other words value of Tether dropped so in order for altcoins to keep their value up they needed to rise against Tether and that is what happened here.

but lets get to the middle part of OP comment. when bitcoin rises (assuming Tether is worth $1) altcoins seemingly rise up but not because they keep their value, in fact they fall in value against USD and BTC but because this fall is not equal to bitcoin price rise, the final result is a rise. for example if bitcoin is $1000 and some altcoin is worth 0.1BTC and then bitcoin goes up to $2000 that altcoin, if it remains 0.1BTC will rise to $200 which is impossible for that coin to happen because there is nobody buying it. what happens is that rise of bitcoin from $1000 to $1000+ will start creating arbitrage opportunity in ALT/BTC and ALT/USD and as traders arbitrage this the final value of that coin will go somewhere between $100 and $200 and closer to lower bound. so the final result will be an altcoin worth around 0.06BTC which is a big fall but thanks to arbitrage traders the value of it rose a little to $120 in a fake manner.
984  Economy / Trading Discussion / Re: Dangers of a HODL’er: on: October 16, 2018, 01:22:57 PM
the first and only danger is not understanding what HODL means and turning into a bag holder instead. HODL is a long term investment and nothing more. the rest of the points that OP uses can all be summarized  into a single point and that is "knowing what to do under difference circumstances".

but back to the first point, the whole idea is that you make a long term investment but in what? only in something that is worth investing in for long term and has "potential". potential is not just a word you should really study the asset and see if it actually has long term potential based on its usability or is it some short term hype that is causing the price rises in which case you should act accordingly not with HODL attitude.
985  Economy / Speculation / Re: Will bitcoin get to $10,000 this year again? on: October 16, 2018, 11:05:16 AM
there is nothing stopping bitcoin from reaching $10k in the next 2.5 months but the problem is that for the time being there is nothing making the rise happen either, something like an initiator that can start up the rally. and that I believe is the only reason why price has not yet started showing any kind of big rallies.
but at least the good sign that we have is the fact that price has not gone any lower than $5800-$6000 and that proves that we are already half way thorough the reach-the-bottom stage so the next step which is the rise should be near.
986  Bitcoin / Bitcoin Discussion / Re: Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator on: October 16, 2018, 07:22:20 AM
If people start to take a look finally to the decentralized exchanges platforms then the problem wouldn't be it anymore.

true but the decentralized exchanges work best when you are only concerned about trading cryptocurrency with cryptocurrency. for example when you are trading bitcoin/altcoins. otherwise when fiat is involved the centralized exchanges will always be the best because despite all the time consuming and annoying KYC verification it still is a lot safer than dealing with a random person on the internet with fiat which has a lot of ways to scam you with it.
987  Bitcoin / Bitcoin Discussion / Re: Bitcoin connected to our banks!!! on: October 16, 2018, 06:59:51 AM
If bitcoin were connected to banks satoshi will either turn in his grave or go public screaming at all those betrayers who ruined his global decentralised currency

actually that would only prove that bitcoin is permissionless. which means anybody, or any group is free to use bitcoin without any restrictions and preventions. banks included. in other words if you prevent banks from using bitcoin it means you are removing one of the main features of bitcoin since banks are only a certain group and like anybody else are free to use bitcoin any way they like.
988  Bitcoin / Bitcoin Discussion / Re: How can we stop Bitcoin's negative publicity?-Rebranding. on: October 16, 2018, 06:54:01 AM
you can't do anything about people who are spreading these kinds of negativity about bitcoin all around the media. even if you do a rebrand they will have an additional excuse to bash bitcoin and we all know they need a new excuse to do it since everything they have been using so far is overused and see through at this point.
not to mention that rebranding is like erasing the problem instead of trying to solve it. and the problem is that bitcoin is new and decentralized so there is no centralized authority (like a company) that can sue them for defamation and false information spreading. so they do it freely.
989  Economy / Trading Discussion / Re: Exchange account management with professional trader. Need advice on: October 15, 2018, 07:29:19 AM
a professional trader (who shows profits even in this hard times)

there are just too many things wrong with your statements here! lets start with this one.
a "professional trader" is not going to show you his finances and what he is doing, how much he has and how much he makes. why should he? would you reveal this kind of information online? nobody would!
so that leaves only one possibility: scam attempt by showing some fake or at least modified stats to fool you into giving him your keys.
990  Other / Meta / It may be time to remove "Multibit" from Factoids... on: October 15, 2018, 07:17:26 AM
among Factoid there are two of them that mention Multibit specifically the following:
Quote
•Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)

this wallet is now deprecated since it is no longer being developed and it contains bugs that were never solved. and it has been a year. so it is "not OK" to use it anymore!
for reference: https://multibit.org/blog/2017/07/26/multibit-shutdown.html
991  Economy / Speculation / Re: I don't like this stable price! on: October 15, 2018, 06:26:41 AM
All these guys saying all the time how "we need a stable price to increase adoption" get exposed when the price is actually stable, but guess what, people keep using bitcoin mostly as a gold alternative, which means we must put store of value as number one priority.

Because they really didn't understand that when bitcoin's price goes from $0.1-$100 it has become more of a store of value and a speculative asset and now its pretty obvious as the price literally goes to the roof specially in 2017. There's a whole lot of debate whether bitcoin is a currency or store of value, but I'm leaning towards the latter because just because this is what I'm been witnessing in the last 2-3 years. Well I'm been using bitcoin as medium of exchange for quite some time but its becoming more appealing to those investors as it provides a viable instrument to get away from hyperinflation or even capital controls.

if bitcoin was only for "speculation and trading" then its price would have declined down to that $100 by now because in that decline there is a lot of profit to be made by "speculators and traders". but as you can see that is not happening, why? because bitcoin has another usage and that is being a decentralized, boarder-less, censorship resistance currency and that gives it its value.

you can check the market reaction last year (for example prior to August) when fees were rising ridiculously high, scaling solutions were being rejected and bitcoin was losing its "currency" aspect because of that. price was declining and couldn't rise. and as soon as scaling solution moved ahead and there was hope for bitcoin staying a currency and having a better future as a currency with things like LN the price started rising up again and we saw ATH.
992  Bitcoin / Bitcoin Discussion / Re: Why should governments accept Crypto currencies? on: October 15, 2018, 06:07:32 AM
They created Banks and they support them in their exploitive behaviour. <Giving them Bailouts when they fail>  Roll Eyes In any way, Bitcoin cannot be traced if you use it in the correct way, so why would they worry about "evidence" if Bitcoin hides their evidence?

The power of corruption is when you can do this without being caught and they are getting caught regularly with their hands in the money bags.  Roll Eyes

If they add their own mixer services for these transactions, then the tx's will never be traced.

every day that you go to work or school,... why don't you use a tank as your transfer vehicle? it is much safer and can protect you from accidents. you don't use it because there is an easier way. you fasten your seatbelt and go within speed limit and you will be safe enough.

in your scenario you are saying the corrupt  government is already hiding their tracks, they already have banks to bail them out, print money, have full control,... and dozens of other benefits. then you say they should give it all up for a traceable and decentralized currency that they have no control over!. no matter what you think bitcoin is not anonymous even with using a mixer. and they will be caught even more if they use something like bitcoin.
if you said Monero or any anon coin like that then you could have an argument although I'd still say that disadvantages are still more.
993  Bitcoin / Bitcoin Discussion / Re: Professors & Economists (Noriel, Weaver,...) shooting agains BTC! on: October 15, 2018, 05:54:32 AM
unfortunately these days a new form of attack against bitcoin is shaping up.

ever since they overused the same old FUDs and ran out of ideas to attack bitcoin, they started coming in from another direction and that direction is altcoins. they use their general shitty-ness and while talking about that they hint at  bitcoin too. and this is turning into a new method of FUD.

There is great possibility of this but also I liked the statement made by OP at the end. Whether this is positive news or negative news about the bitcoin, both of them are having one common function, attracting more and more people in the crypto sphere. Now, lets not talk about the people coming from the positive motivation but from the negative one. They may come in here because they saw some bad news about the bitcoin, but there is great chance that they will turn positive once they see huge ways of earning bitcoin, investing opportunities and using it. May be its even better for us.  Wink

the last part is a big problem though and we don't want that.
we don't want people who don't understand bitcoin to come in and start buying it just because they think they can make a lot of money from their "investment" in a short time. in other words we don't want people who think bitcoin is a get rich quick scheme. that is why price is so volatile sometimes. they keep telling people bitcoin is shit and will fail that they believe it. then they see the rise from $1000 to $2000 and start thinking "what if it was bullshit" then eventually when it is too late and price is $10000 they start jumping on board and create a bubble by doing so which ends up with a crash.
and that is damaging to bitcoin in short term.
994  Bitcoin / Bitcoin Discussion / Re: Robert kiyosaki; Bitcoin (cryptocurrency) to destroy the stock market. on: October 15, 2018, 05:27:44 AM
that is the dumbest statement that I have ever heard.
obviously as others mentioned it won't happen because companies are not going to do what he is saying they will do.
but what if they do? that is not going to "destroy stock market"! it is like saying computers destroyed banking system! LOL. no they improved it. even if what he is describing really happens it won't destroy the stock market it will change the way it works. we can see stocks in different form and the "brokers" will still exist and continue offering their services and get paid for it. the only reason why we don't yet have cryptocurrency brokers is because the market has been too small and there hasn't really been that many people investing in it. there is only whales making profit and random small people losing money to them.
995  Bitcoin / Bitcoin Discussion / Re: Crypto Regulation Does not take away the concept of Decentralization on: October 15, 2018, 05:21:27 AM
the fear that I had last year is coming true today.
I said this before during the happy hour of altcoin pumps that everyone was enjoying the shitshow of shitcoins. their pumps is now biting us in the ass. all the scams, all the manipulations and the crashes and losses,... are making the whole system look bad not just them. today we see multiple articles talk about shitcoins and their negative sides while implying that altcoins and bitcoin are all the same.

as for regulations, I say ICOs should be banned. but not by the government. instead they should be banned by the community. people should stop allowing them to even exist. the same way they stopped paying attention to any altcoin that had premine. this is what decentralization means.
996  Bitcoin / Bitcoin Discussion / Re: india's new cryptocurrency on: October 15, 2018, 05:02:03 AM
The intention of the Indian government to make its own crypto currency is a positive step. This means that crypto currency in India will not be restricted. That would be a good step, and also a good news for developing crypto currency. Because if the government adopts a crypto currency, then I think this will encourage the concept of crypto currency as a decentralized currency and it will be of great benefit in future.

creation of a centralized coin by the government doesn't mean freedom of decentralized cryptocurrencies at all.
in fact you don't know what their government is going to do. they may end up feeling the need to force their centralized coin on their people and to do that they may ban anything else so that people don't have any other option but their coin.
997  Bitcoin / Bitcoin Discussion / Re: Professors & Economists (Noriel, Weaver,...) shooting agains BTC! on: October 15, 2018, 04:53:05 AM
unfortunately these days a new form of attack against bitcoin is shaping up.

ever since they overused the same old FUDs and ran out of ideas to attack bitcoin, they started coming in from another direction and that direction is altcoins. they use their general shitty-ness and while talking about that they hint at  bitcoin too. and this is turning into a new method of FUD.
998  Bitcoin / Hardware wallets / Re: Keep All Coins in Hardware Wallet vs Separating Some in Exchanges/Other Wallets on: October 14, 2018, 07:00:39 AM
thinking an exchange is safe just because they haven't yet scammed you is such a naïve way of thinking in my experience. even the biggest exchanges that seem completely legit can scam you or at the very least they can get hacked, declare bankruptcy and in this process you are the one who really loses money.
the funny thing is that in your post you mention Bittrex as a "pretty safe" exchange while they scammed thousands of users not so long ago!

as for the coins that give you "reward" like the PoS coins or the coins with master node,... you have to decide how much risk you want to take. obviously keeping coins in cold storage is always safer than keeping them in a wallet connected to the internet. and also you should consider the risk of price dumps which is pretty common and inevitable for altcoins. then if you are ok with that kind of risk then use the online desktop wallets for the tiny rewards.
999  Bitcoin / Bitcoin Discussion / Re: Zambian Central Bank Declares Bitcoin Is Not Legal Tender on: October 14, 2018, 06:40:18 AM
Zambian Central Bank Declares Bitcoin Is Not Legal Tender
since when what central bank of a small  southern African country says about bitcoin is considered news worthy? emphasis is on this being about what their  central bank said not their government. and it is more of a warning not a legal/illegal thing if you read the real news not what you copied for your website.

Quote
that cryptocurrencies like bitcoin core ... aren’t legal tender

bitcoin core is not a cryptocurrency , it is a client which you can install and use as a full verification node for bitcoin.
1000  Economy / Speculation / Re: 2014 vs 2018 on: October 14, 2018, 05:52:56 AM
Pursuer if you don't think 2017 was a pump and alts are going 10x weekly these days I'd like to know what drugs you are on, because they must be really goooood.

your problem is that you are looking at altcoins and their pump and dumps. then take a look at a small portion of bitcoin price rise and then make your decision and call the whole bitcoin rise a "pump"!
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