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1  Economy / Trading Discussion / Point and Figure Charting - anyone using this for Bitcoin technical analysis? on: November 23, 2020, 04:53:24 AM
Hey - is anyone using point and figure chart to aid their technical analysis for bitcoin trading?

Point and figure is old school, but follows fundamental technical analysis procedures, however it teaches you how to plot your own charts based on price movements in a way that makes shoulder patters, double tops, double bottoms, and the subsequent breakthrough opportunities a bit easier to see.

Here's a source for learning point and figure charting.

Really curious if anyone here is into it, if there's a few loyalists among us, if so give me a holler.
2  Other / Beginners & Help / Free crypto from learning about cryptocurrency - from Coinbase on: November 14, 2020, 09:14:04 PM
For those of you who are just getting into cryptocurrency, Coinbase has been offering a cool way to earn your first coins in 5-10 different cryptocurrencies...bitcoin and others. The learning is a series of short videos, each of which lasts 5 minutes or less. You do need to create an account but once you do you can access the videos, learn about different uses of cryptocurrency and how the ecosystem works today or how we envision the possibilities of it working in the future.

The amount you earn is more than dust but won't make you rich. What you really gain is learning about how this all works and why cryptocurrency is just on the cusp of beginning to change so much of our world.
3  Bitcoin / Bitcoin Discussion / The biggest challenge facing Bitcoin (and all cryptocurrency) this year on: January 27, 2020, 05:32:09 PM
A crucial year ahead for cryptocurrencies, from the Economist - 27 Jan 2020

This is a good article from the Economist - each of you should read it.

What concerns me though, is that as we stand on the edge of global acceptance of cryptocurrencies we risk the definition of cryptocurrency being violated by the corporate or government sponsorship needed to drive that global acceptance.

This article highlights, Libra, Facebook's cryptocurrency. To their credit, The Economist is referring to it as a "digital currency"...which is helpful, but i fear the public will forever confuse the difference. Lybra isn't a decentralized currency built on the blockchain. It's an investment vehicle, backed by a "basket of other currencies" traded over the blockchain (maybe?) but more specifically traded over the US stock markets.

I will always be a huge fan of evolution and innovation in the crypto space, i just want to make sure that these innovations don't cast a shadow within which all original cryptocurrencies are forced to live.

How can we support and fight this sentiment?
4  Economy / Economics / POLL: Would you rather see Bitcoin price grow steadily or in spikes? on: November 22, 2018, 06:54:35 AM
Converting a really interesting question and discussion posted by another good member here into a poll so we can actually understand what the popular sentiment is.

ORIGINAL QUESTION/DISCUSSION:
I wanted to see what the general thoughts of the community here are. With bitcoin being in a pretty steady state for the past few weeks, it seems like there's going to be a set up for some kind of growth. With that, there can be many paths, but after seeing today's price (which was up around 5% when I checked), I was wondering if the volatility is what people actually like about bitcoin.

So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?

Quick notes:
  • Steady growth would be a slow and steady advancement, the growth trajectory of a more stable investment
  • Spiked growth would be cyclical periods of advances and declines

We can keep the discussion on the original thread, I just think it would be great to get the numbers backing the pages of discussion. Cheers!
5  Bitcoin / Bitcoin Discussion / Did anyone catch Erik Voorhees at Denver Startup Week? on: October 03, 2018, 01:38:38 AM
Hey, did any of you catch Erik Voorhees speak at Denver Startup Week on Sept 24?

He had a lot of great insights to share, he spoke with a woman from the Denver Business Council who is working hard to get blockhain technology supported by Denver legislators.

Key insights:
  • This "project" is so much bigger than cryptocurrency or blockchain - "Crypto" may be the best way to describe the industry because blockchain is a constellation of technologies
  • He has a complete disdain for corporations calling it "distributed ledger technology"
  • To the question "why should I care", he responded: because of indivual liberty, as a principle! Most Americans used to know what that was
  • To the question "if Satoshi reappeared, would that be a good thing or a bad thing?" he said: Of course it would be bad. I hope Satoshi never reappears, but if he dows I'll give him a big hug and say "thank you!"

Denver Startup Week hosted a blockchain hub that held many thought leading discussions about blockchain development, business models, and other topics. If any of you were there...let's talk!
6  Bitcoin / Bitcoin Discussion / Accounting Firms celebrating blockchain as if they invented it! on: June 06, 2018, 03:57:37 PM
I keep coming across commentary from major accounting and consulting firms celebrating blockchain and distributed ledger technology as if they invented it!

Here's one such example from EY: How are you using blockchain to reimagine your industry?

According to EY, blockchain technology has already transformed the way the financial services sector operates. REALLY?

Quote from: EY Advisory Services
In less than a decade, distributed ledger technology (DLT), most notably blockchain, has transformed the way the financial services (FS) sector thinks about payments transactions, and the resulting knowledge is being applied to many other proof-of-concept projects.

While these firms will claim to be the "thought leaders" of the industry and never make reference to the person who created blockhcain, the benefit of their bravado will be the money they can dump into research studies which will better inform us all on how blockchain can and will be used around globe.
7  Bitcoin / Bitcoin Discussion / Are you talking to merchants about Bitcoin? on: June 05, 2018, 02:49:42 AM
Are you talking to your local merchants about Bitcoin?

Today I was buying a coffee at a local shop, cost $2.75. I hand over a card and the gal says, "sorry, do you have cash? We have a $5 minimum for cards...you know...fees." I said, "I only have $2." And the gal replied, that's fine.

So as they're pouring their finest for me I ask "Do you guys accept bitcoin?" And the gal says, "No, do people use that now?" Another gal walks up, "is that a thing?"

Best words I've heard all week. Of course, I come back with - "Yeah! It's a thing! It's great to use, you know...low fees." Then this gal mentions "some documentary about Bitcoin on Netflix, I guess I should watch it." I left them with, "It's called Banking on Bitcoin, check it out."

My point with all this extremely riveting dialogue ( Tongue) is that a simple question like "Do you accept Bitcoin?" turned into a full on conversation. The more each of talks about Bitcoin, the more we start to raise the local awareness, interest, and eventually adoption...the rest takes care of itself!
8  Bitcoin / Bitcoin Discussion / When will Exchanges pay us interest for our risk? on: May 30, 2018, 06:55:42 PM
In the world of fiat a bank pays a depositor interest on their balance, which corresponds to a balance between the risk the depositor is taking by leaving their money with the bank and market interest rates.

In the world of cryptocurrency an exchange or only wallet doesn't pay the depositor anything, which is horrible! The cryptocurrency depositor is taking on significantly more risk, yet these exchanges don't offer any interest to compensate us for that risk and loyalty.

I believe it's time we start to act on this - we can change the market by simply moving our balance off the exchanges.

Freebitcoin faucet is the only online wallet offering interest on balances, they've set the market rate at 4% APR, paid daily. They've been paying reliably for over a year now and have developed a great system for minimizing or eliminating balance manipulation by the depositor.

It's a simple model for the exchanges to follow.

When will we demand we get paid for our risk?
9  Economy / Speculation / Fundstrat price predictions wrong again! on: May 19, 2018, 03:07:25 AM
Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again.

The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.

Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.

Quote from: Fundstrat Global Advisors price prediction from May 7th

Quote from: Tom Lee making new excuses for his failed price prediction
10  Bitcoin / Bitcoin Discussion / Venmo declining payments...bitcoin wouldn't! on: May 18, 2018, 11:12:11 PM
I've run into trouble with the Venmo peer-to-peer payment application. They've been declining my payments. I have more than enough money in the account, I'm making the payment to someone I've made successful payments to before, the payments are the size of a few hundred dollars, the same amount every few weeks.

I contacted the Venmo support team and they said that my transactions are triggering security flags. They won't tell me what the security issue or perceived threat is, what my behavior is doing to trigger such flags, or offering any solution to fix the problem - they don't even want to fix the problem! It's such a frustrating situation.

Anyone else experiencing something similar?

To add insult to injury, the suggested I use another P2P payment app...specifically PayPal, their parent company!

What a joke, as if I'd use their parent company offering after Venmo declared they don't care about my business.

This is another reason to use bitcoin and cryptocurrency. Crypto wouldn't deny my transaction for anything less than user error.
11  Other / Meta / Admins cleaning out the rubbish threads? on: May 11, 2018, 02:53:58 PM
I see the Administrators and Moderators here are cleaning up the rubbish threads around the forum, it's a great initiative!

I'm sure some of this effort is just archiving of really old threads to make space for the new activity, but more and more I'm seeing recent or current threads getting deleted due to their lack of substance or repetitive topic.

Anyone else witnessing the same clean up activity?
12  Economy / Speculation / Another feature for tracking portfolio on: April 14, 2018, 03:12:41 AM
Anyone use Google Sheets for their finance tracking? If so, I just stumbled upon a feature that may benefit each of you.

There's a free add in for Google Sheets called Cryptofinance. It'll automatically import current exchange rates for, historical data, and key metrics that go along with tracking investments for more than 1,500 cryptocurrencies!

Give it a look here: Google's Cryptofinance
13  Economy / Economics / There's a new economy growing on this forum - Merit on: February 26, 2018, 11:25:16 PM
I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!
14  Economy / Speculation / Has Bill Ackman taken a position on Bitcoin? on: February 18, 2018, 06:41:27 AM
Bill Ackman is a famous (or notorious) hedge fund manager. He's really well known for making a fortune betting against companies or the market. If you want to know more about Bill Ackman or his hedge fund Pershing Square Capital, check it out HERE.

I'm curious if Bill Ackman has made a statement or taken a position on Bitcoin - anyone know?

I've done a quick search on Google but didn't find anything.

Any of you hear of anything? Any of you hear about any other hedge funds taking a position?

15  Other / Meta / Should the lowest merit spenders among us be known? on: February 07, 2018, 10:32:35 PM
Should those that have sent very few to no merits to people be known?

If we want the merit system to be used as intended the people who are hoarding their merit should be made public.

The algorithm would have to be different from the list of top merit spenders, I'm sure Theymos and team could easily create the most appropriate relationship. However I propose it include some or all of the following:

  • Lowest merit sent in relation to merit received (including the original issuance)
  • OR lowest merit set in relation to current merit score
  • Exclude Newbies, Jr. Members, and Members
  • EDIT - Only add accounts for consideration if they've been active since the Merit System started

I know Theymos and crew are considering decaying the merit at some point, but this list would be an appropriate metric to add to merit stats and could help gauge if/when any decaying rule should be applied.
16  Other / Beginners & Help / Must Read Threads for Beginners needing help on: January 31, 2018, 05:26:18 AM
If you're new to this forum, you need to check out these threads. This collection will help you get educated, keep you from getting scammed, and keep you from getting into trouble on this forum. The links below will lead you to some of the best contributions on this forum over the past few years.

You can't truly HODL until you know what's contained below.

Welcome to our world, godspeed on your journey!

HabbyB
---------------------
The List

Newbies - read before posting - This is probably the most cited thread in the Help & Beginners board, all Newbies need to read it, so many don't...until given the hyperlink.

[Overview] The one thread to link them all - Arguably the most comprehensive list of education-related links and resources in this entire Forum. It's locked, it should be raised to the rafters - sticked as a banner at the top of the board!

Terminology - An incredibly long list of definitions for common terminology or jargon used in the cryptocurrency world. Read it, study it, know it!

Newbie All-Day - Ask All Your Bitcoin Questions Here! - Wow, read this before starting a thread!

[Guide] Handling splits: UASFs, BIP148, etc. - A commentary of the highest order on coins splits and hard forks.

Most Common Mistakes Of A Newbie - Asked by a Newbie, to help improve the actions of Newbies.

How to sign a message?! - Educates Newbies on how to add or ask for an additional layer of verification to their transactions. It's been fairly well merited, at about 100 today, and remains an important part of the education of people new to crypto.

A warning about Alt Coins - ok, this is an old one but it needs to be resurrected. The ICO market is bigger today than any time previously and the bubble hasn't popped. And Newbies, more than any other group, need to be aware of the risks that come with chasing alt coin ICOs.

$10,000 to invest - what would you do? - Once a Newbie knows how to this thing of ours works, they need to make some decisions on what to buy. This thread provide a good discussion the various approaches to investing in crypto and how to hold on for dear life.

Add more links if appropriate, just make sure to provide a summary.
17  Other / Meta / Be a Merit Robinhood - merit worthy threads from Beginners & Help board on: January 30, 2018, 09:36:42 PM
The Merit System was created to reward the posts or threads that offer great contributions to this community - be it new knowledge, great research, a thought provoking question, or a bit of comedic relief.

If we expect good contributions from each member of this community, then providing education, resources, and support to the newest members among us is the reciprocal part of that expectation.

Here's a list of some of the best posts/threads that can be found in the Beginners & Help board. I encourage all of you to continue the list going as new resourceful threads and posts are made.

And I propose that we dedicate a merit source to the Beginners & Help board to acknowledge those that seek the deep insights from our Community's elders and those that help Newbies find their way.

Cheers, HabbyB.
---------------------
The List

(1) Newbies - read before posting - This is probably the most cited thread in the Help & Beginners board, all Newbies need to read it, so many don't...until given the hyperlink. The current 29 merit is far too low compared to its value to the community.

(2) [Overview] The one thread to link them all - Arguably the most comprehensive list of education-related links and resources in this entire Forum. It's locked, it should be raised to the rafters - sticked as a banner at the top of the board!

(3) Terminology - An incredibly long list of definitions for common terminology or jargon used in the cryptocurrency world.

(4) Newbie All-Day - Ask All Your Bitcoin Questions Here! - Wow, if every Newbie could stumble upon this thread most of their initial questions would be answered.

(5) [Guide] Handling splits: UASFs, BIP148, etc. - A commentary of the highest order on coins splits and hard forks.

(6) Most Common Mistakes Of A Newbie - Asked by a Newbie, to help improve the actions of Newbies. This is the type of attitude the merit system seeks to reward!

(7) How to sign a message?! - Educates Newbies on how to add or ask for an additional layer of verification to their transactions. It's been fairly well merited, at about 100 today, and remains an important part of the education of people new to crypto.

(8 ) A warning about Alt Coins - ok, this is an old one but it needs to be resurrected. The ICO market is bigger today than any time previously and the bubble hasn't popped. And Newbies, more than any other group, need to be aware of the risks that come with chasing alt coin ICOs.

(9) Which Bitcoin Wallet Is The Most Good And Convinency - Posted by a Newbie at the time, this person asks a simple question that every single one of us asked ourselves when we were new. And this guy asked for advice from the Legendary, Hero, Senior, and Full Members of the time. This is a perfect example of how a Newbie jumps in on this Forum to get good advice from the right people, and now this person is a Hero Member.

(10) $10,000 to invest - what would you do? - Once a Newbie knows how to this thing of ours works, they need to make some decisions on what to buy. This thread provide a good discussion the various approaches to investing in crypto and how to hold on for dear life.
---------------------
18  Economy / Exchanges / Soo...has Kraken the next victim of hacken? on: December 10, 2017, 05:57:34 AM
Seriously, has Kraken been hacked?

Are all wallet owners at Kraken fucked? Is Kraken the next Mt. Gox?

What's going on over there? They started with last week with BTC currency exchange rates that were off by two decimal points, to now people being unable to log in to their website.

If this is the end of Krakent, it'll be incredibly bad for the Bitcoin community. And it's another less to stay the fuck away from exchanges.

Anyone have any insight? I don't see anyone talking about it on the forum.
19  Bitcoin / Bitcoin Discussion / Thoughtful note from Coinbase on: December 09, 2017, 04:43:54 AM
A lot of people here talk negatively about Coinbase. They just released the following note to their customers. Quite thoughtful. They're clearly committed to the success of their business and the happiness of their customers.

Quote from: From Coinbase
We at Coinbase couldn’t be more excited by the explosion of interest in digital currencies. The last few weeks has seen an unprecedented increase in the price of digital currencies. More people are engaging with our platform than ever and that bodes well for the future of the digital currency. At the same time, it does create extreme volatility and stress on our systems. We take this very seriously and wanted to share some important thoughts.

We’re continuing to invest heavily to scale our platform

Over the course of this year we have invested significant resources to increase trading capacity on our platform and maintain availability of our service. We have increased the size of our support team by 640% and launched phone support in September. We have also invested heavily in our infrastructure and have increased the number of transactions we are processing during peak hours by over 40x.

There may be downtime which can impact your ability to trade

Despite the sizable and ongoing increases in our technical infrastructure and engineering staff, we wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for periods of time. Despite ongoing increases in our support capacity, our customer support response times may be delayed, especially for requests that do not involve immediate risks to customer account security. You can read more in our Coinbase User Agreement.

Be an educated investor

We also wanted to remind customers of some of the risks associated with trading digital currency. Digital currencies are volatile and the prices can go up and down. Due to the rapidly changing price of digital currencies, some customers may not have sell limits that are sufficient relative to the value of total digital currency they are storing on Coinbase. Sell limits are one of the many measures Coinbase takes to protect client accounts and assets.

As a proactive measure, we encourage customers to check the following items on their accounts:

(1) Ensure your email address is properly receiving all communications and notifications from Coinbase. To learn more about ensuring email delivery, please refer to this support article.

(2) Ensure your two-factor authentication is updated and functional. If you have recently switched mobile devices, your two-factor authentication needs to be properly migrated to the new device. In addition, please migrate from SMS two factor to Google Authenticator to enhance the security on your account, if you have not already done so. To learn more about two-factor authentication, please refer to this FAQ.

(3) Familiarize yourself with your buy and sell limits. They can be found here.

(4) Complete any pending identity verifications. During times of significant volatility, ID verification may become degraded or unavailable. To learn more about identity verification on Coinbase, please refer to this FAQ.

(5) Expect payments to take the maximum number of days indicated when making a deposit or withdrawal.

Stay up to date

We will continue to update customers for our website, our status page, in our apps, via email, on our blog and on Twitter.

We will keep you informed

We are committed to safety, security and transparency. We are working tirelessly to provide the best service and support but we can’t promise perfection during the periods of extraordinary demand. We will continue to do our best to keep our customers informed.

Thank you,

The Coinbase Team
20  Bitcoin / Bitcoin Discussion / Kraken on crack? Bitcoin:altcurrency exchange rate is way off! on: December 01, 2017, 09:47:16 PM
Anyone else on Kraken today? Their Bitcoin conversion ratio to any other currency is off by two decimal places.

Trying to sell 1000 XMR and Kraken was offering nearly BTC20 in return. Haha, sadly the transaction couldn't be confirmed. At least they're not allowing trades to go through while their conversion rates are way off.

Thoughts?
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