[be careful what you believe specially when it comes to the lies that the "top altcoins" tell you]

for years the shitcoin known as Dash has been sold to newbies by fooling them into thinking it is better than bitcoin and one of their advertising strategies have always been to introduce it as a "privacy coin" again with "better than bitcoin" lie.

now that there is a crackdown to remove all this types of shitcoins they come clean and tell the truth because now it suits them!


https://twitter.com/BittrexExchange/status/1345056010981892096

The $XMR, $ZEC, and $DASH markets will be removed on Friday, January 15th at 23:00 UTC. 

https://twitter.com/Dashpay/status/1345093269919854592

From a technical standpoint, Dash’s privacy functionality is no greater than Bitcoin’s, making the label of “privacy coin” a misnomer for Dash.

be careful what you believe specially when it comes to the lies that the "top altcoins" tell you

usually when i see some spam bot or someone spamming with brand new accounts, it is for farming accounts for future use. but this one seems pretty strange and i can't think of a reason why anybody would do this:
basically different topics are being spammed with the same string with similar looking accounts:

In the future, I think cryptocurrency will grow more and more because of the growing demand of human beings.

reported a bunch of them but it doesn't seem to stop...

how is it even creating this many accounts with 2-3 minute intervals?!!!
https://bitcointalk.org/index.php?action=profile;u=2546873
3 min later registered:
https://bitcointalk.org/index.php?action=profile;u=2546875
2 min later registered:
https://bitcointalk.org/index.php?action=profile;u=2546878
3 min later registered:
https://bitcointalk.org/index.php?action=profile;u=2546879

not because i think dumps are over, they are still going on. but i say this because now after about 8 months people have finally accepted the fact that the altcoins are getting dumped.

so far, for instance a month ago, if you asked them "is this the bottom" then they would have said yes, and expected the price to rise up soon to the moon,... then they got dumped on while bag holding.
but now that they have accepted the inevitable the dumps can go on more smoothly and we can reach the bottoms so much faster because bag holders are letting go of their bags now.

and we all know that in order to rise back up price needs to hit the bottom first.

we all know that the only reason why ETH went up in first place is a combination of pumping and ICOs.
now that China announced ICOs illegal and put and end to their existence a huge chunk of the investors in ICOs will go away and also people are going to be more afraid now that ICO is officially illegal. so they won't invest in any.

the ICOs so far will also probably cash out their ETH soon.

what will you think will be the future of Ethereum without ICOs to pump it?
how low will it crash?

.... and the waiting is over, bitcoin just broke the $3000 and we finally have in the rear mirror. and it was well expected too. despite all the drama and the FUD, we know that as soon as the scaling war is over price will start its rallying. and here we are now.

now the questions is how high will it go this time?
there has been speculation about $3600 as ATH of this rally like the one by goldman sachs

[153,037 ETH]

another huge loss for ethereum owners when the parity wallet multisignature was hacked and the hacker stole 153,037 ETH which is nearly $32 million worth of ETH.
https://ethplorer.io/address/0xb3764761e297d6f121e79c32a65829cd1ddb4d32

also another group of hackers took the opportunity to drain all the similar multisig addresses with the same vulnerability in ETH and similar tokens.
so far they have hacked the total amount of 379,999 ETH which is nearly $80 million worth of ETH
https://ethplorer.io/address/0x1dba1131000664b884a1ba238464159892252d3a


Do you think we will see another roll-back like the DAO $50 million hack and will it leave us with ETH 2.0 fork?

a couple of days ago i wanted to post this screenshot and talk about the stability of litecoin price and how it is staying above certain resistance level,...




but the dips began as i wanted to post it so i waited to see what will happen and interesting enough...



while other altcoins had a huge drop, litecoin had a smaller dip and mostly held the USD value up and now it is back to exactly where it was before and again it is holding it up pretty nicely.

i want to say this is a big accumulation phase which will lead to another big LTC Bull market very soon.

what do you think?
do we have any news coming that can start this rally?

[0.05BTC rise]

you may have noticed that LTC has been on hibernation (which we later found out it was an accumulation phase) for some time after the SegWit rally. and now it is awake and rising up again.
- the volume has been high all this time during the low price aka accumulation phase
- the price was stable and never dropped below support lines, any dip was followed by a big buy in hence increasing the volume even further.
- and finally the rise has started again.

so what do we expect of this rally? is it the 0.05BTC rise

it seems to me that litecoin finally got its turn for the rise, after all the other altcoins either stopped getting pumped or dropped hard in their dumping phase.

although there is one thing i don't get!
the buy orderbook seems very healthy and strong and the path to rise is all clear except for one whale putting up a huge 120BTC sell wall and he keeps moving it upwards as the price rises!
so it obviously is a fake sell wall but i don't get why
here is the picture: edit: this was completely removed as the price rise became faster...
[i m g]https://i.imgur.com/WXLqDyT.jpg[/img]

https://twitter.com/VitalikButerin/status/873536653331095552

Retweeting for the benefit of those who haven't seen this yet: http://directory.io

i would have expected this from the likes of kwukduck and the rest of the trolls but to sink down to this level to spread FUD on his twitter account is just too cheap.

is he really that desperate to bash bitcoin and pump his project and make more money that he will sink this low? i can just say WOW.


for those of you who don't know what is going on:
www.coindesk.com/bitcoin-protocol-hack-joke/

back in 2016 i remember the hype of Megaupload 2.0 and KimDotcom saying
- it will be huge and break the internet, blah blah, revolutionize file sharing
- bitcoin will be $2000 because of it (this happened irregardless )
- start buying now

and all of it was supposed to be released in early 2017 and now we are mid way through the year and i don't see anything anywhere.
so what happened? was it postponed again or did they give up?
i think there was also a crowd funding? run away maybe?

GMO Click Securities' Annual FX Trading Volume is No.1 Worldwide in 2016 for the 5th Consecutive Year Since 2012



now this Japanese internet giant called GMO Internet Group is going to start their full scale bitcoin trading platform very soon. and it is expected to become very popular very fast in Japan.

how do you think this is going to affect the whole market?
the price is just one of them, we have seen the effects Japan had, what other effects do you think they will have, for example do you think this will change things for ETF's in US, how about regulations in other countries and their Forex brokers adding bitcoin on this scale?

edit:

It is open now: https://coin.z.com/jp/index.html
and already meeting a large demand for bitcoin

GMO Click Securities (the company) has estimates that the market size in Japan for cryptocurrencies will grow to 1 trillion yen daily volume, or US$8.7 billion daily within a few years.

Z.com Coin is offering two types of account plans for users, referred to as “Simple” and “Full Access.” With Simple, the website doesn’t ask for much identifying information, so customers can get set up quickly. However, they can only treat the exchange as a cryptocurrency wallet where they can buy coins, make deposits, and withdraw them again.

The Full Access accounts require Know Your Customer (KYC) and Anti Money Laundering (AML) documentation, but permits users to deposit and withdraw Japanese yen, and trade on both of Z.com Coin’s trading services.

The company is initially offering a Bitcoin wallet and two markets for their customer to trade. The first is a Foreign Exchange market that allows Bitcoin to be traded for various fiat currencies, called the “virtual currency FX” market. Traders also have access to margin trading, an already-very popular market type for Z.com, according to the announcement.

The other market is a more traditional Bitcoin exchange, which they simply call their “virtual currency” market. The service allows anyone to buy bitcoins for Yen, and potentially other cryptocurrencies like Ethereum in the future, and send them to their Z.com coin wallet. As with the now competing exchange BitFlyer, trading fees on the Virtual Currency market are zero.

source: https://bravenewcoin.com/news/japans-largest-forex-market-opens-bitcoin-exchanges-to-overwhelming-demand/

[altcoin pumping seasons.]

it always is like an end of era, the ending to an otherwise great season of pumping for all the altcoins. we have had an excellent run this year. all the rises were ridiculously big this year, we have had percentages of rise in altcoins that nobody even could think of possible because they were big.
we have always been used to 50% to 100% rise in these coins but to see 5600% rise in one month, it was indeed a great page in the history of altcoin pumping seasons.

now we are at the end of this season and once again we will see another long period of pathetic small pumps in these coins and mostly dumps all around. there will be blood

i hope everyone increased their net worth during this glorious pump run.

here is where (the only place) you can find it: https://yobit.net/en/trade/NANOX/BTC 

no wonder! the fake orders are already in from YOBIT itself.
and the funny part is that it doesn't allow me to sell my 0.00000020 at 800BTC but the history shows a lot of 0.00000001 NANOX are sold at 199BTC

P.S. Yobit is the source of my amusement sometimes.

i get this method of trading (i don't know if it has a name in English), you spread the buy orders and then put the same orders as sell orders when they were filled and spread them with some %% of profit you want.

but what i don't get is why like this
you can see the steps this person chooses are as small as 1 satoshi! and the size is 0.004BTC and it used to be 0.005BTC i think he may have made mistakes or lost money even! maybe got scared and lowered the volume.

(i am talking about 4th order till the end of the list)

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

BW.com is considering the support for SegWit (~8% hashpower)
https://twitter.com/www_bw_com/status/850147251972329472

Chandler Gao (co-founder or investor of BW) tweets support of Segwit on Litecoin https://twitter.com/ChandlerGuo/status/850141884425027585

Prohashing (currently 1.4% of hash power) says they can get up to 6% redirected to Litecoin and signal SegWit with it.

Clever mining (1.2% of hash) is signalling segwit.

Litecoin will be coming to OpenBazzar soon.
https://twitter.com/SatoshiLite/status/849828707065671680

Litecoin is being added to Coinbase.
https://status.coinbase.com/

[$120-$300]

This is just my conclusion based on observation.

people always speculate about who and why this spam attack is happening.
some say it is political to force a proposal.
some say it is miners
...

what i am more interested in is the results of this spam attack!

think about this, as a miner the only thing you care about is money and how to make more of it.
after the halving the amount you earned was halved, still profitable but half.
you were getting paid 0.2-0.5BTC  ($120-$300 approximately) as fees per block in addition to the block reward (12.5BTC).

now thanks to the price rise and more importantly the spam attack the amount of fees has gone up to 220 satoshi/byte and you are getting paid 1.4-1.5BTC ($1770-$1900 approximately) as fees per block in addition to the block reward (12.5BTC). and that is a 530% increase in USD profit! and 200% increase if you think of it as bitcoin profit.
and this additional profit is increasing every day.

would you adopt any of the scaling solutions if you were a miner?

I am fairly new to linux and also ArchLinux so correct me if i am wrong but when i was checking the Packages section an Archlinux website i realized that there is an Electrum package there but it is signed with a different key (0xE711306E3C4F88BC) belonging to "Timothy Redaelli".

* all releases have always been signed by ThomasV (0x2BD5824B7F9470E6) as far as i can remember, and there is no mention of the other key anywhere that i could find.

https://www.archlinux.org/packages/community/any/electrum/

I wanted to know if am missing something or does he have any affiliation with Electrum project and is the packages safe?

This topic has two purpose:
1) show how Yobit is fake pumping shitcoins to make money
2) how market cap is a terrible thing for comparing and ranking altcoins.

Their pumping bot is out of control 
most recently they pumped a dead 1 satoshi altcoin 80,563,100% (yes your eyes are seeing the number right!) and right now this coin is number 3 in market cap with only 0.41BTC (fake) volume and 0.00014000BTC price.

here is the coinmarketcap.com screenshot at the time of this happening:



and here is Yobit wallet page (disabling any deposits to prevent anyone from messing with their fake pump while they are doing it).

recently i keep seeing new people, having no knowledge of what counts, wanting to start a new cryptocurrency (an altcoin) of their own.
these people that i am talking about
have little to no knowledge of programming.
have no knowledge of cryptography.
have no knowledge of economics.
and more importantly they have zero experience.

so why do they want to create a new altcoin? is this market turning into such a crappy place that they can make their own altcoin and list it somewhere to even be exchanged against bitcoin?!

my theory is that it is mostly the fault of crappy exchanges such as yobit that list literary anything on their exchange allowing these types of altcoin to live.