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1  Economy / Trading Discussion / if you want to learn how to trade then start NOW on: June 27, 2018, 02:40:48 PM
i always say that the best way of learning "how to trade" is to start doing it yourself. you won't learn anything by following others, reading stuff online and doing nothing. you have to get your hands dirty.
one of the good things about cryptocurrency market is that the exchanges allow you to start trading with a small amount. there are even exchanges out there that allow orders as small as 0.00001000BTC which is about 6 US cents! you can invest about $10 and start your trading journey and gain experience.

so why NOW is the best time?
it is the best time because prices are falling and there isn't any pumps going on in the altcoin market. for instance if you have started trading last year, if you closed your eye and chose an altcoin to invest in then no matter what you chose it would have gone up and you would have made profit. but that doesn't make you an expert. instead it gives you a false sense of being an expert which will be more harmful in the long run when the  dumps come (you can see how many people are currently crying about it on bitcointalk and telling everyone how they should have "patience" which is a big mistake).

BUT if you start now, you have to make good decisions otherwise you lose money. so you learn the most important lesson and that is decision making for example in choosing the right entry point and the right exit point.
and if you make the wrong mistake there is no safety net (pump) to cover your ass. which is why you will be forced to learn. and that can help you in the long run.

and know this: even in this dropping market you can still make profit
2  Economy / Economics / you gotta wonder why they are worried about your money! on: June 25, 2018, 01:44:46 PM
these days we keep seeing how these throw away accounts here are warning you to sell your bitcoins and how you will lose money,...

you have to wonder why they are so worried about your money and don't want you to lose it so they are telling you to sell your bitcoins LOL.

you gotta ask WHY? what's in it for them if you sell.
i am not saying you should hold. i just want to raise the question that you should have been asking all along about those who create multiple throwaway accounts every day to say the same thing over and over again...
3  Economy / Speculation / Bithumb hacked: price went up = good sign? on: June 20, 2018, 02:55:51 PM
Bithumb was hacked yesterday and the news has been spreading in the major media for at least 14 hours now based on the article times[1].

price however has not shown any reaction to the news and on top of that in the past 14 hours we have had a rise. granted it was a small rise but still it reached $6841 a couple of hours from this news.

is this a good sign that we have reached the absolute bottom?

[1] https://www.ccn.com/breaking-south-korean-crypto-exchange-bithumb-hacked-thieves-steal-30-million/
4  Economy / Speculation / instead of seeking reasons,... just adjust your strategies to new trend! on: March 28, 2018, 03:08:04 PM
i keep seeing topics asking "why is it going down" "when will it reach $$$",... and everyone is panicking about when the "moon" is going to be!

well if you are not a trader then why are you even asking these questions? just buy and hold. come back in long term and enjoy the big profit.

if you are a trader then asking these silly questions won't help you. if you see price is not recovering and falling then just adjust your strategy to match the new trend. and i am not just talking about now. this happens each time the trend changes!
market is not always going to stay the same, it has ups and downs and sideways and ... for each of these trends you need a specific strategy. you can't just apply one thing to all of them.
5  Economy / Exchanges / Coinbase is hiring Lightning Network developers on: February 09, 2018, 06:22:23 PM
https://twitter.com/coinbase/status/961720708542812160?s=17

so yeah, where is everybody who was saying exchanges are not going to adopt Lightning Network because such and such...
they were saying the same thing and even more about Segregated Witness too...
6  Economy / Speculation / How much do you think altcoin bubble bursts are affecting bitcoin price? on: February 05, 2018, 07:47:34 AM
we already know there is a tight relationship between bitcoin price and altcoin prices that whenever bitcoin has a drop altcoins get dumped harder.

but what about the opposite?
meaning as altcoins bubbles are bursting hard and people want an exit back to fiat they go through bitcoin and that (at the very least) increases the sell pressure on bitcoin and drops the price more.

many of the altcoins don't have the fiat markets for people to cash out and also others may even choose bitcoin as a way to exit. i saw this topic which made me think of this: https://bitcointalk.org/index.php?topic=2883297.0
7  Economy / Speculation / January Bitcoin on: January 16, 2018, 03:45:28 PM
(i found this interesting and i didn't see anyone talking about it so here it goes)

every year in the past 4 years bitcoin price has a big drop about 3 weeks before Chinese New Yet (Lunar year) and we are at that point in time (4 weeks) and the sell off has started today.



so... what do you think?
8  Economy / Speculation / Chinese ban bitcoin news is 100% pure bullshit on: September 08, 2017, 04:13:32 PM
all Chinese exchanges are working fine and even their official announcements are coming out saying there is nothing going on over there in China.

here is an example from BTCC (a Chinese exchange and mining pool):
BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

now go ahead and continue giving your coins to whales...
9  Bitcoin / Bitcoin Discussion / I am against Bitcoin Cash and here is why on: July 28, 2017, 05:31:39 AM
My opposition is not because they are trying to hard fork
not because they are trying to increase the block size to 8 MB and open up many attack vectors.
not because they are effectively centralizing bitcoin.
not because they have the biggest scammer as their speaker.
not because they have been attacking bitcoin and trying to take over for more than 3 years.
...
these are all minor reasons.

the main reason that i am against bitcoinCash is because they are going against the majority. we voted, the nodes, the miners, the businesses, ... and got the majority on the current chain that you see and is called bitcoin.
but you could not accept and did not respect the majority's opinion and still insist on your minority hard fork.

and the worst part is you are going against "satoshi's vision", the very thing you pretend to support. which is a decentralized system that works based on consensus of the majority not what some small group of people want.

and here is a question for you:
you say your proposal is the best, you claim to be the satoshi's vision, and lots more. so why don't you make something from scratch? call it Satoshi's Vistion Coin or SVC for short.
10  Bitcoin / Bitcoin Discussion / BIP141 aka SegWit signalling at 76% on: July 21, 2017, 04:35:59 PM
is everyone so excited about the BIP91 activation with 93.1% and the price rising ridiculously fast that they forgot BIP141 (bit 1 version, or you may recall it as original SegWit thingy) is increasing in support?

where are the watchers Cheesy

lets see, here is the list:
Code:
Antpool
Batpool
BitClub
Bitcoin.com
BitFury
Bixin
BTC.com
BTC.TOP
BTCC
BW pool
F2Pool
GBMiners
Kano CKPool
Slushpool
ViaBTC
hope i didn't miss anything. source: https://coin.dance/blocks
(i believe this is almost 91% of the total hash power)

current percentage: 76.4% so far.

also it would be great if someone could give us the time frame of this signaling. is it the same as BIP91 since it is the continuation of that or is it the 1 difficulty period?
11  Bitcoin / Bitcoin Discussion / (RE: Flippening) bitcoin has worked perfectly for 8 years 24/7/365 on: June 21, 2017, 01:29:00 PM
bitcoin has worked perfectly fine for over 8 years
it has processes 233,647,631 transactions [1]
it is now processing ~300,000 transactions per day [2]
about 200-600 million dollar is being transfered using bitcoin on daily basis [3]
there has been a spam attack on the network for some time. some people say it has been a couple of years. but it is still functioning as it should.
bitcoin has never failed, the blockchain has always been working, nodes are up and running and spread across the globe, no exchange has ever suspended bitcoin wallet to investigate!


ethereum got some attention for a couple of months this is the result:
average transaction fees surpasses $1 in 2 months [4]
blockchain is congested and caused ethereum and all the others relying on it to fail. all exchanges have already disabled all these wallets.


[1] https://blockchain.info/charts/n-transactions-total?timespan=all
[2] https://blockchain.info/charts/n-transactions
[3] https://blockchain.info/charts/estimated-transaction-volume-usd
[4] https://bitinfocharts.com/comparison/ethereum-transactionfees.html
12  Economy / Speculation / guys i am worried... on: June 15, 2017, 03:41:08 PM
i think kwukduck might have been hospitalized or something!

for the first time in history of bitcoin, the price has dropped but kwukduck is nowhere to be seen. his last post was from 3 days go
https://bitcointalk.org/index.php?action=profile;u=654;sa=showPosts

- get well soon buddy, we miss your FUD in this board if you go away Kiss
13  Economy / Service Discussion / why is there no cloud-mining now? on: June 11, 2017, 05:15:34 PM
first of all let me clarify that i am talking about Real Cloud Mining not the Ponzi scheme with the name cloud mining on it.

i remember a couple of years ago there have been legitimate cloud mining businesses such as GHASH.io or as you may know it Cex.io and when bitcoin price went down to $200 and stayed around <$400 they paused it (explicitly called it pause) because of higher maintenance fees.

now all the difficulty rise aside, price is nearly $3000 and that covers more than enough of any kind of cost mining has and it is producing a lot of profit for miners.

so my question is, why is there no cloud mining these days? for example why didn't Ghash.io resume their mining again?
14  Economy / Trading Discussion / Arbitrage: have you ever tried and how much have you earned so far? on: June 01, 2017, 04:38:07 PM
these days i keep seeing a lot of topics and comments in this board talking about arbitrage trading.
so i am curious to know how many of you have ever tried it for real, as in trading and making profit not just on paper.

and also how much profit did you make?
15  Bitcoin / Bitcoin Discussion / we need to stop using bitcoin and start using... on: May 20, 2017, 04:00:31 PM
... satoshi instead (click-bait master)  Cool

today someone came to me saying how he was regretting not listening to me and investing in bitcoin. apparently he checked the price this morning Cheesy
and he continued that now it is too late since he can not buy 1 whole bitcoin.

i had to sit him down and have the "talk" with him about all the 8 more zeros that come after the 1 whole bitcoin and the fact that he can choose (almost) any of them and put a number and buy there.

that is why i think it is time to start using the smaller units for bitcoin more often.

i myself prefer Satoshi over all. but there are a lot of them.

most popular:
mBTC= 0.00100000BTC
uBTC=bits= 0.00000100BTC
satoshi=0.00000001BTC

more here: https://en.bitcoin.it/wiki/Units
16  Economy / Service Discussion / what blockexplorer to use instead of blockchain.info on: May 13, 2017, 03:56:30 PM
now that blockchain.info has an intrusive advertisement right in the middle of the page where you check the address i would like to switch to another one.

what is the most preferred one these days?
17  Alternate cryptocurrencies / Altcoin Discussion / Litecoin orderbook right now looks silly with a big buywall on: April 03, 2017, 03:22:39 PM
this is so funny I had to share this here (Moby Dick of the whales):



This is on bittrex, i wonder if the same thing is happening on Poloniex too Cheesy

edit, in case it wasn't clear on the chart, that was one 56BTC buy wall placed in one order and it is nearly gone with all the sells (5.2BTC remaining by the time i am typing this). it was sure fun to watch though Cheesy
18  Bitcoin / Bitcoin Discussion / Why is BU consensus at 75% and isn't it bad on: March 09, 2017, 03:36:43 PM
{@MOD i am not sure if i should post it in technical discussion but feel free to move it there}

i have checked Segwit and the activation for it is at 95% and reading about it, everything makes sense to me about why that number was chosen and it seems like a perfect number from what i have read and my own conclusion.

but when i read about bitcoin unlimited, it is at 75% and it doesn't make sense to me why this number is this low.

so can anyone explain to me why this number which is much lower than the 95% majority, has been chosen.

also isn't it bad. meaning wouldn't the risk of splitting be much higher with 75% than it is with lets say 80%-90%-95%,...
19  Economy / Service Discussion / Did ViaBTC accelerator stop working? on: March 07, 2017, 04:14:54 PM
i have used https://www.viabtc.com/tools/txaccelerator/ multiple times before without any problem but today i have had a couple of payments that i wanted to put through this service and i couldn't do it from the morning!

obviously i assumed the 100 limit was reached but just right now ViaBTC mined block 456173 and technically their 100 tx should go back to zero and allow new submissions but it still says "submission beyond limit!"
20  Economy / Speculation / expecting correction? on: March 04, 2017, 04:51:49 PM
we have been seeing somewhat consistent rise for the past few days without much slowing down or stopping to accumulate.

i am expecting some correction before more rise.

but what do you guys think?
what will be the bottom?
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