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1  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: bitcoin diamond/binance on: December 10, 2017, 06:01:47 PM
When exactly was the fork of Bitcoin diamond? Only saw Bitcoin Cash and Bitcoin Gold right now. Coinomi is also showing Bitcoinplus. Is that also a result from a fork or only an altcoin or even ETH token? We should make a thread with all forks, that were done and are upcoming.

I saw the fork on 11/28, but as cited above the block it forks on hasn't been finished yet.  That's why I'm confused.  But I'm always confused, LOL.
2  Economy / Trading Discussion / Re: Binance BTC price? on: December 10, 2017, 05:53:25 PM
I guess the last question is: When they show the USD price for IOTA being $4.35, is that actual dollars or token $s?  I don't know how I'm EVER going to get my taxes done right!!
3  Economy / Trading Discussion / Re: Binance BTC price? on: December 10, 2017, 05:40:35 PM
Can't get your point clearly but binance is trading platform so they don't take price from other bitcoin exchange platforms.

They have USDT-BTC pair where buyer/seller set orders to buy/sell bitcoin and bitcoin price there is in terms of USDT not interms of USD like in Gdax or coinbase.

USDT always tend to maintain 1:1 exchange rate with USD but sometime it might valued lower or higher than that.

IOTA-BTC pair might have moved up so you can't get equal amount of IOTA from those bitcoin you have got after selling IOTA in past.


I wrote a big long explanation, and then finally so the BTC/USDT price on there!  That explains a lot.  Does the BTC/USDT not move as much as the BTC/USD price?  I would have thought that if BTC/USD went up 10% then the BTC/USDT would too?
Thank you for your time.



4  Economy / Trading Discussion / Binance BTC price? on: December 10, 2017, 05:07:42 PM
Does anyone know what or who's price Binance uses for BTC price for the pairings?  The reason I ask is:  I saw BTC rallying on GDAX, so I sold some IOTA for BTC.  BTC went up, IOTA didn't move, and now I can't get as much IOTA back as I had in the first place.  I didn't expect they used GDAX's price, because it's always higher, but where do they get their price for BTC?
5  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: bitcoin diamond/binance on: December 10, 2017, 05:04:50 PM
I have not got it, can BCD be traded in Binance?
I'm not sure and I hear some people find it difficult to withdraw.
Some exchange has not confirmed BCD. we just wait.

Yes, there's a BCD/BTC pairing on Binance, it's valuing BCD at $45 right now.  But is that actually a BCD futures price, if BCD block hasn't been completed yet?  At any rate, even if it was legit, it sounds like I don't have the expertise to do anything about it at this point.
6  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: bitcoin diamond/binance on: December 10, 2017, 03:12:54 PM
OK.  So we aren't there yet, but it's being traded?  So when we get there, what does one do?
7  Alternate cryptocurrencies / Service Discussion (Altcoins) / bitcoin diamond/binance on: December 10, 2017, 02:13:59 PM
So, I'm new to this world.  Bitcoin Diamond was my first fork.  It looks like BCD is trading on Binance.  Does that mean I can somehow cash in the BCD that I have that is supposedly 'attached' to my BTC?  I don't have the slightest idea how to go about it if it's possible, but at 10:1, it'd be worth it to figure it out.  They are going for $48/BCD right now.
Thank you
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin image just got completely screwed today on: December 07, 2017, 06:01:03 PM
It may not be bitcoin's fault, but all the new mainstream investors won't differentiate, or care to.  They FOMO'd at a price several thousand dollars higher than other exchanges and then got locked out.  This is literally worst case scenario.  And more fuel to the fire for CME to come in and short the shit out of it.  It's going to be an interesting month to say the least, LOL.
9  Bitcoin / Bitcoin Discussion / Re: Bitcoin image just got completely screwed today on: December 07, 2017, 05:49:37 PM
It sucks because I had just at down to sell one over 19, after hours of walking around saying WTF is happening???  And that's when it went down.  Still can't log onto coinbase...
The press is going to murder bitcoin today.
10  Bitcoin / Bitcoin Discussion / Bitcoin image just got completely screwed today on: December 07, 2017, 05:33:13 PM
So, That wacky rally today looks to be unique to Coinbase.  Bittrex and Poloniex show highs below 16,000.  So if this doesn't make BTC look like idiotic tulip mania I don't know what does.  All these new customers, buying into the $19,xxx's and then what happens??  THE SITE GOES DOWN!  This is the worst case PR disaster I can think of at the moment.  Can you imagine buying your first BTC at $19,500 and when the site comes back up it's going for $16,000???  UGH!!
11  Economy / Web Wallets / Re: coinbase question on: November 29, 2017, 02:58:18 AM
I think it might be because of the $10,000 max per day, even though the math doesn't quite add up.  I thought they were charging me for something.  Nice problem to have, not even being able to transfer one whole bitcoin!
12  Economy / Web Wallets / coinbase question on: November 29, 2017, 02:30:09 AM
I guess this is the right place to put this?
I know I'll never get an answer from Coinbase, so I'll ask you guys.
I transfered 1 BTC to GDAX, thinking I might want to sell it at $10,000 (OMG, $10,000!!).  Changed my mind, and I'm going to put it over in coinbase for a day or two.  So anyway, it shows I have exactly 1, but when I go to 'free' transfer to Coinbase, it shows .993xxx BTC max, which is $64 less than a full bitcoin.  Can't figure out why, coinbase transfers should be free.  Guesses?
13  Economy / Exchanges / what's the scoop on $10k withdrawal max? on: November 27, 2017, 02:35:27 AM
I know you can (somehow) get coinbase to increase limits, but why can you only withdraw (to bank) $10,000/week?  Assuming we all become millionaires  Grin when we want to cash out a million dollars worth of BTC, it'll take 2 years to get it transferred to your bank.  Aside from localbitcoins, what options are there to cash out faster than that?  Or am I n00bing out here?  Am I missing something?  I still haven't found a good fiat to bitcoin to fiat option other than Coinbase.
14  Economy / Speculation / Re: If you still think BTC will never reach $50,000 ... on: November 27, 2017, 01:52:29 AM
All this speculation is fun, but basically you are all just pulling timeframes out of your butts.  So I will too.  It went up over 800% this year, if it did it again in 2018, it will be $72000+.  But awareness by the general public has and will continue to increase exponentially, so maybe 1600%, which would be $144,000  Or it will be $5000.  Or $125,000.  Or $10.  OK, probably not $10 LOL


LOL dude I like your way of thinking...

"basically you are all just pulling timeframes out of your butts.  So I will too."

LOL this is hilarious. I am going to pull some values from my butt right now too:


I think Bitcoin will be worth $10,000,000 tomorrow. Trust me. Grin

Looks like it could hit 10,000 TODAY. So much for the end of 2018!
15  Bitcoin / Bitcoin Discussion / Re: seed storage on: November 26, 2017, 10:40:28 PM
So I'm not completely comfortable with having my seeds stored on paper in my house.  I'm no more comfortable than I would be having a pile of cash stored in a drawer.  I was wondering if this would be safe, or safer?:  Take an old iPhone, disconnect it from the internet and store the seed in a password protected app on the phone?  At least if someone found it, they would have to get past 2 more security levels (the fingerprint unlock and then the password app code).  Knowing that the phone in the past has been connected to the internet, would it be safe if I turned off the wifi?  I figure once BTC passes $50,000 my paranoia will be such that I'll probably get a safe deposit box.  What do you think?  Safe?  Would it be safer than a password protected USB stick, if there is such a thing?

in this scenario, i'd be more concerned about device/hard drive failure than anything else. you would definitely want to back up your seed on multiple devices, then encrypt them. and then you would probably want to keep them in different physical locations -- places where you are sure they won't be stolen and picked over. e.g. your house, your mom's house, your work desk, locked in a drawer.

there are password-protected USBs and hard drives but they generally use pretty weak encryption. there are no great answers here. paper copy in a fire-proof safe with two encrypted copies of the wallet on USB, etc. stored in two different trusted physical places is how I roll.

Hi and thanks for this.  Are "two encrypted copies of the wallet on USB" different terminology but the same thing as storing the wallet seeds on USB?  If not, can you tell me how to do it please?  i get what you mean about hardware failure.  It seems to me that a powered down iPhone ought to last pretty much indefinitely.  But I'd definitely not rely on just one.
16  Bitcoin / Bitcoin Discussion / Re: seed storage on: November 26, 2017, 10:13:51 PM
You don't have to do all that, actually that would be less secure. That old iPhone could be stolen and then compromised. The app could have vulnerabilities.
Why not just encrypt the seed using basic text encryption with a password and writing the encrypted string on a paper instead?
It's basically what you're trying to accomplish but without any concerns of hardware failure.

Notepad++ allows you to encrypt text using different algorithms directly from the UI using a plugin called NppCrypt.

...Or you could get a hardware wallet.

I already have a Trezor hardware wallet, which is secure-ish in itself.  But I'm talking about the backup seeds, which I filled out on a card.  But the backup card is as good as cash if someone finds it - is it not? 
Yeah, the app might have vulnerabilities.  But even the FBI has trouble getting into iPhones, so why would that not be more secure is what I'm asking?  I guess the real question is if I keep the phone offline from now on, nobody can hack it through the internet, and if someone physically gets it, it would still be harder to get the seeds than if someone physically gets my written down seed card.
17  Economy / Speculation / Re: If you still think BTC will never reach $50,000 ... on: November 26, 2017, 10:08:22 PM
All this speculation is fun, but basically you are all just pulling timeframes out of your butts.  So I will too.  It went up over 800% this year, if it did it again in 2018, it will be $72000+.  But awareness by the general public has and will continue to increase exponentially, so maybe 1600%, which would be $144,000  Or it will be $5000.  Or $125,000.  Or $10.  OK, probably not $10 LOL
18  Bitcoin / Bitcoin Discussion / seed storage on: November 26, 2017, 09:57:39 PM
So I'm not completely comfortable with having my seeds stored on paper in my house.  I'm no more comfortable than I would be having a pile of cash stored in a drawer.  I was wondering if this would be safe, or safer?:  Take an old iPhone, disconnect it from the internet and store the seed in a password protected app on the phone?  At least if someone found it, they would have to get past 2 more security levels (the fingerprint unlock and then the password app code).  Knowing that the phone in the past has been connected to the internet, would it be safe if I turned off the wifi?  I figure once BTC passes $50,000 my paranoia will be such that I'll probably get a safe deposit box.  What do you think?  Safe?  Would it be safer than a password protected USB stick, if there is such a thing?
19  Other / Off-topic / Re: Bitcoin is not gambling on: November 20, 2017, 02:56:07 PM
Of course Bitcoin is not gambling because Bitcoin has so many uses in our daily lives. I think Bitcoin can be considered as a means of payment in the future and should not be considered Bitcoin as gambling

So Forex trading of international currencies isn't gambling either?  People use fiat every single day and every single trade there's a buyer thinking it will go up and a seller thinking it will go down.  That's gambling. Every time a bitcoin is bought, someone somewhere thinks he's getting a good price for it and sells it.  Again, both people in that transaction are gambling.  But every single person on here thinks there is zero risk to buying bitcoin.  I'm trying to get you to understand that there is at least a possibility of it going down.  To not consider that at all is foolish.  Do I think it's a reasonably good bet that it will climb?  Yes I sure do.  But you all sound like it is 100% guaranteed to hit $1 billion per bitcoin if you hold it long enough.

I think this would be a much more useful forum if at least some people could come to terms with potential risks.  I'd like to start a thread about what the 'evil' CME will do to it, but I know to a man, everyone will say "GIVE US BUYING OPPORTUNITY!!!
20  Other / Off-topic / Re: Bitcoin is not gambling on: November 20, 2017, 02:24:54 PM
of COURSE bitcoin is gambling.  It can go up, it can go down.  You make your choice and bet on it.  Seriously folks this place looks like one of those cults where everyone is going to end up drinking poison Kool Aid.  The stock market is gambling.  Getting out of bed is gambling.  Clearly everyone thinks it will continue to go up, myself included, but just call it what it is.  Who knows that the whales at the CME want to do with it?  They could jump in with their hundreds of billions and short it down to $100 if they wanted to.  It's gambling.
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