Sooo let's say X achieves its goals as a "one app to rule them all" payment system, crypto enabled.  I'm hearing up and running by years end.



What happens to doge then?




Not too far fetched is it?  I think it's happening.

Magically working fine again, strange.

I think the explorer is forked?

If coinbase is charged with listing securities by the US govt they will delist everything but Bitcoin overnight.

If this happens, crypto will tank miserably but Bitcoin will be just fine.  And a few alts with enough fanbois.

Thanks for confirming, and yeah the nuke scenario was a bit much lol.

Shitcoins will be shitcoins, I agree.  However trading shitcoins based off hype cycles and pumps can be very very lucrative if you ignore the fiat value (without using fiat or stablecoins to purchase the shitcoins) and just stay focused on increasing your Bitcoin holdings.  But I wouldn't expect and account that was created November 09, 2017, 07:06:34 PM to understand that.  Also, yes I also agree it is much more likely for a shitcoin to go DNS vs a HW company failing in some fashion.







If I had to guess it was probably Litecoin, which is an alt but in my humble opinion it's not a complete shitcoin.  Yes impatience in crypto is probably the worst quality.  In fact, procrastination can sometimes be your ally, other times it could be ones downfall.







The responses above address the more specific question I asked later after I realized my initial inquiry was too broad.  My initial question seems to have confused some.  I was not asking how to use a recovery phrase for a hardware wallet (on a new HW same make) or if the coins were gone.

I was trying to ask how to use a seed phrase without a HW, generated from a HW in something like electrum.  AKA -seed compatibility.  And could this be exploited by governments to attack HW's had the answer to the previous question been not compatible.  But this seems like a non issue.  I can and have, many times walked someone through the simple process of seed creation, how it works.
 

o_e_l_e_o  - great idea to get a new HW and tx everything else to it and leave the bugged coin before importing it into anything that's hot.


Again, thank you all for the info!  It's very nice to see some people still frequent BCT taking the time to respond to the less knowledgeable regarding specifics.

Thank you all for the replies and information, much appreciated.

Thank you for the replies, perhaps I asked the wrong question.  Let me elaborate:


I understand how to use a recovery phrase with the same hardware wallet and how it works.

My question was aimed at the "not able to spend from that hardware wallet itself" as I heard about an instance where one alt was DNS for a few days from a known issue, with the software, for the hardware wallet which was fixed later by the company.  So this is more of a case where none of the hardware wallets from that company would work due to a software issue. Buying a new piece of hardware would not have fixed this issue after importing seeds.

I'm not sure what would cause this or the mechanics behind it, which is why I am asking.  It could be a non issue but I wanted to be sure.

So when you say self custodial wallet do you mean the same hardware wallet?   In this case that would not work.  It was a software issue. If I had to guess I do not think the hardware wallet seed would work with a QT wallet, but I am unsure.  Maybe something like electrum if it were Bitcoin?


Not an emergency at all.
Thanks for answering the electrum question before I posted.  Also, I understand no coins are effected but I was unsure how to access them in the case I mentioned above.

Basically, I was trying to decide if I should advise people to use a hardware wallet versus QT wallets in a faraday cage.

But if we can import the seeds into a different brand of hardware wallet it's a non issue in this instance.  It seems unlikely that all HW companies would get nuked at once, AND anybody would survive.


However, could this be an attack vector? AKA a government shuts down all the companies?  Confiscates/corrupts all the software? 

If so a QT in a faraday might be better?

Strange question but but here goes.  

Lets say I had a ledger, trezor or any hardware wallet with a seed phrase secured.   Let us assume I have fifteen random cryptos stored on it for this question.

Now the company that I bought the hardware wallet from gets nuked in a war and is gone forever.


Will I still be able to access all my crypto?   If so how?

I think it's a bug, I don't see any exchanges @ these prices.   

FTX shows MINT between three dollars each 38 cents for a week.  I'm assuming this is a bug as I have not found any exchanges at these prices.  Has anybody else noticed this?

Look to the United States scores for math and reading comprehension- if you have not looked, they are dismal.  If they can not teach math or reading, forget about crypto.  But hey, at least the genderbread person is being crammed up everyones ass as they get dummed down. 

Stuck at block 4827756

I can move the chain if I can sync, any nodes would be appreciated.   I can also a keep a wallet online.   I currently have 5 connections and have tried deleting the roaming folder to re sync three times, it keeps hanging up.

In theory: Centralized exchange owners can call their whale buddies to push the price in either direction thus liquidating millions of dollars, perhaps hundreds of millions worth of leverage trades, in less than an hour.  Maybe in minutes.  In some cases the exchanges may have the fiat or crypto reserves to achieve this without outside help from said whales.  If the cost of the pump/dump is less than the amount of leverage about to be "stolen" it makes perfect sense.

It's free money.  Furthermore, proving this would probably be very difficult unless you were on the inside.  On chain analysis can not expose this IF it is happening.  Only deposits and withdraws can be seen, not the trades themselves.  Convenient isn't it?

I hope the recent freezes on BTC withdraws pushes the -not your keys, not your coin narrative into peoples faces. Perhaps the recent talk of all time low BTC custody on centralized exchanges is true, this will negatively impact business.  Look at all the layoffs being touted by the press in some of the big exchanges.  This could give rise to decentralized autonomous platforms. Either free of leverage trading, or the code might be able to be written to mask where the leverage exists at any point in time. Thus making the hypothesized calculation of pump/dump cost to wrecked leverage positions a stab in the dark, and risky for the manipulators.

After throwing this conspiracy theory out there, I do not think the recent drop from the BTC ATH is manipulation.  

But I do not believe the Luna system just "broke", a weakness was found by some highly analytical individuals that decided to spend a lot of money to knock over the first domino to help rain in this bear market we see right now.  Going to zero, look that "crypto" went to zero!  I put that in quotes because anything that is called a crypto and is controlled by one human (Do Kwon) is no crypto in my book.  Exploitation of the definition of crypto in conjunction with the utter absence of education in this sector definitely helped this unfold.    

All of this stuff is possible, but not probable.  If you can not tell, I do not like centralized exchanges.  But I see them as a necessary evil, and I am thankful they exist to make BTC available to the masses.  Contrast this to getting fiat into the old Fontas exchange and it's a Godsend.  I think they had one guy on a donkey with a saddle to ship it there that made a trip every few months, slowly.

At the time of writing this doge/btc is 313 sats.    Anybody who has followed this value historically knows what I am speaking about.  If you do not, start researching alt/btc markets, which, imo is the only one that counts if you want to increase your BTC stack.   While ignoring fiat.

If I think about the type of person that seeks to get rich quick I agree.  Granted that could be most people.  To be more specific as to what that type of person that is- it is one that can not even give a respectable definition of what a true crypto is. They probably have no clue about any of the basic components of BTC.  The dynamics between the blockchain, the software, the miners and the coin itself and how they effect each other.


BUT, to maintain the vision I have understood regarding BTC I have to disagree.

The global economy is on a downturn.  If we are on the verge of a global economic meltdown, we will see many different types of markets crash.  If this happens, it will hurt many but it will be weathered.  However if (big if) we see this happen -and then- this spirals into fiat currencies this could be a disaster.  How much fiat has been printed to combat the economic downturns caused by covid?   Fiat may be ripe for the picking.  In my opinion, when I step back and look at the big picture, covid could be hidden economic warfare.  Designed to level the global economic playing field.  This just happens to be at the same time governments and financial entities see the writing on the wall. Due to the decentralized nature of crypto, their hold is slipping and entire sectors can go the way of Kodak film, we just don't need them anymore.  Even if we did like them.

So for the people in a country that could utilize BTC to escape bank withdraw halts/restrictions or fiat crashes (like Cyprus or Argentina)  I would rather they got in at 15k vs 70k and fulfill the lifeboat "outside the system" vision that influenced the birth of BTC.

So in that sense, I'm happy to ride another dip vs economically decimating people who are in dire need by being forced to flee fiat at BTC all time highs.  I understand what effect this would have on the price of BTC, unforeseen all time highs.  But those who have to flee first (and probably the hardest hit) will benefit most because they got in at lower prices, thus providing much needed aid to that population.

Lighten up

Yes I did notice, but only if I look at the past 4 to 7 days

In my opinion this is why:

Do a simple chart analysis of Doge/USDT volume on Binance for 2021/01/27 and 2021/01/28, I'll give it to you-it was close to 100 billion coins per day.  Also consider this is on one exchange, one market ONLY.

In circulation are 132,670,764,300 DOGE


So in two days the trade volume exceeded the total number of coins in circulation, almost by two.

So how many is Elon (or his child or whoever it was) still holding?  Regardless of whatever I think that number is, it is clear to me that an extremely significant % of Dogecoin has been taken off the market and has not been dumped or we would be sub 1 cent by now, easily.

In other words there may be a whale that has taken hodling all the way to hoarding.

An epic dump may be incoming if these are liquidated (and if I am correct), but I believe there is a good chance the number of holders has been drastically reduced.   And the whale(s) that still hold have yet to dump.

Good or bad?   We shall see.

I'm having fun with it -when people ask if I am ok I say yes, I just got a job at the local petrol station.  

We are at an all time low on crypto sentiment. After the Luna crash people new to crypto have been shaken, rightfully so.  But for people who are seasoned, the BTC drop is par for the course.  And the press is desperate for clicks these days.


The press is dead, they all turned activist and forgot to tell anybody. 

I thought the same, a trust or whale that deployed bots on these three coins.  At this point I think it could be a possibility.  It probably wouldn't be too difficult to come up with a list of who could deploy something like this.   

After almost a decade of chart creeping, this is very strange to me.  Three coins coupled for this long, I have not tried to correlate this to any other crypto yet. 

I'm also guessing it could be a bot specifically designed to be deployed in bear market conditions.   Pure speculations but it probably should not be ignored.

https://bitcoinwisdom.io/markets/bitfinex/btcusd
https://bitcoinwisdom.io/markets/deribit/ethperpetual
https://bitcoinwisdom.io/markets/binance/dogeusdt




here are the links, all the charts look the almost the same just different pricing, still going on now....



I guess the same trading bots w the same algo are running on these coins perhaps