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1  Economy / Marketplace / Re: Great New Trading Course on: August 22, 2018, 10:55:01 AM
"Trading courses", whether in book form or instructionals are usually scams. Why would a profitable trader sell his secrets and tech it to the public?

The course will be nothing but a basic introduction followed by an intermediary course in technical analysis that you can have for free from the internet lol.

There are no secrets in trading. Trading is just having a cool head and trading what you see in front of you.

The reason why most retail traders fail is exactly because of this reason. They are looking for the "secret to success" out there somewhere when it doesn't exist. Why not just try to trade with small amounts and notice why you make decisions? Create a set of rules and then note down every time you break them. The only mistakes you make in trading are when you break your own rules.

No one can give you a foolproof system for trading. Only you can make one yourself.
2  Economy / Web Wallets / Re: Bitcoin Wallet Blockchain Says It’s Adding 50k Users Per Day on: August 21, 2018, 09:59:33 AM
For me personally this is not good news, such a large number of newly opened accounts in only one online wallet shows us that the majority of users are not fully aware of all the risks which come along with online wallets. But on the other side blockchain.com ( be aware this service is change domain to .com recently ) is also allows users to buy BTC&ETH, so it may be good if users just buy coins and send them to more secure wallets ( desktop&hardware ).

this is a huge number of new users in fact. it's strange that the market does not grow although new people come here

Yes, it is strange that only one site is get 50k new users daily which is 1,500,000 a month, and we do not see any big changes regarding the price. Blockchain service is just maybe want to show how better they are from Coinbase, they sign 50k users daily during December last year and Blockchain is doing that these days.

In my opinion this is just cheap public promotion, they may claim to adding 100k users per day - there is no way for us to know is this true.

This is similar to how the exchanges were faking volume just to attract more users and list coins at higher prices. They inflate the numbers so they can have higher market caps and appear to be stronger than the others. Just one more way to trick people.

That's a good point about online exchanges. People should be more aware about the risks involved and take the simple precaution of downloading a wallet to an offline drive rather than opening accounts and just let their money sit their unguarded on exchanges. The problem is, Bitcoin appears difficult but it's really not.
3  Economy / Web Wallets / Re: Bitcoin Wallet Blockchain Says It’s Adding 50k Users Per Day on: August 20, 2018, 09:16:22 AM
This is kind of surprising considering how much the price has been dropping and how much negativity has been spread about Bitcoin recently. I would never expect there to be 50k users a day signing up. That's incredible.

How many of them are actually purchasing the coin, is the real question. It's easy to sign up but a lot of people just keep the account open for a while before making a decision to put money into it. Maybe we need some more currency crises and some geopolitical chaos to stir things up a bit and get people running towards Bitcoin.
4  Economy / Marketplace / Re: What role will stablecoins play in the crypto ecosystem?? on: August 18, 2018, 08:52:55 PM
In spite of the words mentioned in the article, I consider that stable are not important to the speculators or me.
stablecoins are companies or individuals that want to buy a token/crypto with the guarantee that you will get $ 1 "or any amount" when you want to sell.
So we came back to the central system with a new concept that individuals or companies can create money "We must trust their promises" that is more dangerous than the current financial system.
Also, some decentralized systems "which I think" it is better but still risky.
 It’s my impression of those currencies.
I am not disagreeing with you but taking into account how long can take to move your crypto to fiat and then to crypto again I suppose that stable coins do give a service to those that really need it and are high volume traders but as say the problem is in the centralization of such services, if at some point it is proven there are not enough dollars or whatever the stable coin is trying to stabilize then the value of the coin will drop to zero since it is not performing its function.

It's almost like an anchor. The reason why people are still not adopting bitcoin in full force is because the slow transaction times make them feel a bit uncertain about how their money is getting converted, and if (the day ever did come) some kind of crash happened, how quickly could they get their money out of there?

Remember in winter when there were Asian exchanges shutting down as the price crashed? People lost a shitload of money just because they couldn't execute trades. Now that really worries me as an investor. It should be instant, directly related to a well established asset (USD or EUR at this time), and painless.
5  Economy / Service Discussion / Re: Thread : HOW TO BUY BTC WHITHOUT CREDIT CARD on: August 17, 2018, 12:41:12 PM
What about with cash? localbitcoins.com has a few cash offers in each city usually, and the prices are generally around 5%.

Buying with a credit card can be expensive because they might take it as cash back from your bank and you'll have to pay an extra 20% or something like that. I'd suggest staying away from credit cards and paypal in general because they always track you too.

Or if you have a bank account, there are lots of offerings on localbitcoins.com for around %2 depending on your location.

Another good source is Bisq because it's decentralized and anonymous.
6  Economy / Speculation / Re: Bitcoin breaking $20,000 again? on: August 16, 2018, 07:46:55 PM
We all have seen how bitcoin crossed $20,000 in December . When do you think this will happen again?




After 2-3 years so it could be on the December of 2021. Everything is on a bad shape and there is no new money coming in. The newcomers that have invested last December only see bitcoin like this "Buy bitcoin so others can cash out". I can't deny that what they are saying is true because we are still not utilizing it so it will have a bigger demand.
When proper implementation and adoption occurs, BTC will be too in demand, so having this opportunity to buy at low price must be in our choice, so if that time comes again that BTC will pump then we will be able to join at peak.
Choosing to buy at lower price was not a good idea for other traders, some thought that the market is bad when a certain crypto price was on downtrend. Better stay tuned for the future updates to happen and I am confident that in the next upcoming months this year we'll be having, much crucial situations to happen. It's a strong dedication if we're going to reach our goals for the price and looking to the reality $20k can be a potential peak value.

There's too much money tied up in it right now for it to jump up to $20k. The people who bought the highs are looking for any opportunity to cash out without a serious loss, so if it goes up there they'll start selling. This creates a bit of a burden on the market because it can't keep going up unless there's a really good reason to.

I see a lot of people saying that bitcoin will be 10k, 20k, 250k by the end of whatever year but there is absolutely no grounds for these predictions. Of course it is going to increase, it has to. But where in the hell are people getting these numbers from?
7  Bitcoin / Bitcoin Discussion / Re: What Frustrates You Most When Using Bitcoin? on: August 14, 2018, 08:17:02 PM
When misconceptions are being spread about it. On both sides of the coin.

Too many authorities are labeling it a bubble and threat for society. This is making it looks like an extremely high risk device, which isn't the truth if you were to learn a little bit more about it and how it functions.

Too many investors are expecting it to be a bubble and a quick source of money. This is making it look like an extremely high risk device, which isn't the truth if you were to learn a little bit more about it and how it functions in the market.
8  Bitcoin / Bitcoin Discussion / Re: How to curb anxiety in bitcoin hodlers on: August 13, 2018, 02:33:05 PM
Why would one want to halt a helping factor in which people could pick a lesson or two? Anxiety often forces people to learn things in order to prevent greater downfall, though at some point most people just give it up. However since investments involve money, it would somehow make the investor think of what other things could they do whilst the price is in a crash. It forces us to think rational and think smart. There's really not much we can do to alleviate that anxiety of theirs TBH, and why should we?

Anxiety was often happening specially thus crucial times like the current situations we're facing right now on btc price. The downfall cannot be stopped, unless there will be faster demand that could boost up the current value of bitcoin. People aren't smart enough if they've been depressed so well and didn't think of the sudden effect behind on their personal welfare. Furthermore, the greediness came over on them not jus the anxiety reasons but rather the mentality of taking all opportunity by their own. In reality they didn't learn at all, and the scenario is in a recurring process.

Yeah the key here is the greediness overcoming the rational mind and causing an uncontrollable desire to get more than is attainable. Just because bitcoin shot up dramatically several times in the past to unbelievable heights doesn't mean that it will again. It has good reason to go up, but it is not guaranteed. It is never guaranteed.


A lot of this anxiety comes from people who are invested in Bitcoin with short-term goals. Some of these people might even have funded their investments with debt and this is slowly but surely creeping up to a point where they cannot do the repayments with their own capital. So my advice is for people not to fund Bitcoin investments with debt and also to shift their strategy to a long-term vision.

Also, stop looking at the price on a daily basis, because the short-term volatility will increase your anxiety.  Wink


Which is why people need to chill out and hang on if they really believe in the concept behind bitcoin. It's here to free us from the traditional chains of monetary imprisonment that the government has shackled us with. Not to turn $10 into $1 million
9  Bitcoin / Bitcoin Discussion / Re: Evil Governmenters hijacking the Bitcon for greedz! on: August 11, 2018, 09:26:27 PM
I don't think we can call it greed per se, knowing that there are no certain restrictions for the people in politics to invest in whatever they think will give them profit. After all, they're just people wanting to live a better life like all of us here. If anything, these people are slowly adopting into cryptocurrency and, hopefully, establish some laws which protect the interest of consumers/investors in the cryptoworld. Also, they might, finally, come up with a rather friendly definition of crypto for the benefit of all. I don't see anything wrong in here, TBH, not unless those cryptocurrencies were earned through some form of fraud etc.

We are quite quick to blame the government for everything negative we can imagine these days, but if we were in that position to run a country, we'd probably just end up doing a similar job. We cannot understand how it is to work in these conditions, especially being so detached from the people (no government truly understands the people it governs nowadays).

I'm not too thrilled about the government getting involved in anything crypto, but if they feel like investing, let them pile in. They might have slightly better tolerance for dips than these noobs who scream and shout about ETF's every time it goes down 5%.
10  Economy / Speculation / Re: Expected predictions on: August 10, 2018, 03:37:57 PM
Well all those people who said it are experienced enough to be believed thus thanks for the news and those positive vibes.
Robert Ver and other whales are set on crushing it ..after Twitter and Facebook ban we are seeing decline in the Campaigns and that's pushing people out of here.
It's all a game of patience and just a few months more before the bull is set free.

Whatever it is, positive or negative, it is just a predictions. We don't know what will happen in the future. Just live the moment in a positive way and with full of hope that things will be fine.
I honestly can't believe people are still doing predictions on bitcoin prices. Have we not learned a thing about bitcoin on this 10 year journey we had. We are talking about bitcoin here. Not some stock or forex leverage deal we all see. This is bitcoin, it can be $2k tomorrow or $25k, no one will know what bitcoin price can be in the future, it is not something we can foresee this is nothing to do with charts, nothing to do with trends, no news, just pure hype.

But, I do read on different journals in internet but all are predicting about something unbelievable price levels for bitcoin prices in coming years. In short term it may not surprise us but in coming years we will definitely have more exciting years which may outplay the year 2017 which is being considered as one of the best year for bitcoin markets. 

I agree with that completely. There is no real reason for us to be trying to predict bitcoin prices at any stage. We have failed to do so in the past, and will fail to do so again. It's too random. Anything can influence it, and we can never know exactly what that thing is. That's the beauty of anonymity.

We have some hope as Bitcoin stabilizes and finds a comfortable balance after that huge rush. It has potential to take off on another run. Potential. But not a guarantee, until it starts moving again.
11  Bitcoin / Bitcoin Discussion / Re: How to curb anxiety in bitcoin hodlers on: August 08, 2018, 07:37:14 PM
Anxiety is all in the mind. It's based off of unrealistic expectations for something that you made as an illusion from your perception of its attributes. So if the thing isn't what you believed it to be, you start feeling uncomfortable, nervous, or even anxious. But since we cannot directly influence things outside of us to that degree, there's absolutely no reason to be worried about it.

Recognize the things that you can change in your life i.e. your immediate surroundings, and make them better. Then let go of the things you cannot change i.e. politics, markets, etc. and learn to follow them in a way that benefits you.
12  Bitcoin / Bitcoin Discussion / Re: Bitcoin popularity will increase, when no Gold is found in Fort Knox. on: August 06, 2018, 05:56:18 AM
I am very curious on why the American public has not insisted that a full audit must be done on the actual Gold that are stored in Fort Knox and other secure places in America. They blindly accept that there are lots of Gold stored in the vaults in Fort Knox and all over America. The government has no right to withhold that information, but the public is not demanding it.

Why?

1. They know that if this is true, their economy will PROBABLY collapse?
Indeed. Since the dollar is tied with gold and the US government claims to have the equivalent of each dollar in gold then the price will easily collapse once someone will leak a video about how catastrophic the situation is in Fort Knox.
I consider the USD untrustworthy since 70' when they suspended its convertibility into precious metals.

Damn, I never thought that there are still people who think fiat currency/dollar price are tied to Gold.  Roll Eyes  The US Dollar has not been linked to Gold for the last 45 years, since president Nixon abolished that in his term as president.  Roll Eyes

The only link to the Dollar is that it is mainly traded in US currency, so a weaker dollar makes Gold less expensive for other countries to buy it. So it is important for the US government to protect the dollar price and a shock like this, will definitely influence the dollar price and the Gold price, if this Gold did not exist. <If they say it is there and it is not, then they are messing with the supply>  Roll Eyes  

I was just thinking the same thing. The dollar is its own boss. It is whatever the Fed says it is.

I thought that a weaker dollar tended to make gold more expensive as investors look to it as a hedge. When the dollar is strong, investors prefer it over gold as it yields interest, whereas gold does not. So in addition to a higher value they can gain a few percent on the interest rate.

They're probably messing with the supply, just as the do by establishing futures contracts. To be honest, because of the massive amount of "invisible" gold created by futures contracts, I'm not sure that the existence of this gold in Fort Knox would have that big of an influence on the price of it anymore. Other than of course giving gold bugs a good reason to buy more.

It becomes a problem if they are using that Gold to manipulate the Gold price. They might be siphoning off some of that Gold or simply moving it around to artificially pump the price and then trade with this on open markets. In essence they are cooking the books and doing something else with the assets.

The thing is, nobody will ever know, because it is a highly controversial issue and the government is guarding that secret more than they are guarding their nukes.  Roll Eyes

Cooking the books is a specialty of the US state. There was a big controversy about the Fannie Mae and Freddie Mac loan programs that were supposedly supposed to provide affordable housing. A LOT of money was being tunneled out of there and put away somewhere. No one really knows where it was going, but there's a conspiracy that they were using it for a secret space program. Regardless of where it was going, there was billions disappearing.

Like you said, this is what they could be doing with gold. Letting some of it disappear when the time is right and then collecting the money elsewhere. I just wonder what you'd need all that money for.
13  Economy / Service Discussion / Re: Blocking cryptojacking on: August 05, 2018, 05:53:30 AM
That's interesting, I've never heard about cryptojacking until now. But I don't think a laptop would have enough power to mine. It wouldn't even generate enough coins to be worth the effort of hacking into your machine.

How did you know that it was jacked? Did you see a process running excessively in the background? And you said by adding nocoin to your browser it stopped, so was it being run as a script?

Cryptojacking is actually pretty common. They tend to mine Monero, because that still gives them rewards if it's done on a very large scale.
The people who are running the malware could have up to 100k slave computers in their network, generating them thousands of dollars per day/week.

It's usually pretty easy to notice too, when your CPU goes through the roof.

Running noscript is also a solution btw.

Yeah actually I think one of my browsers fell victim to it now that you mention it. It wasn't too bad, but I noticed higher than usual load times and it was quite slow with page load times. CPU wasn't excessively high, but more than normal. I just installed nocoin so will see if there's much of a difference.

I saw this the other day at the bottom of the page at the Pirate Bay:

"By entering TPB you agree to XMR being mined using your CPU. If you don't agree please leave now or install an adBlocker"

It's like giving permission for cookies. What a crazy world we live in now.
14  Bitcoin / Bitcoin Discussion / Re: Bitcoin adoption or scalability on: August 04, 2018, 06:00:29 AM
Bitcoin is a very dynamic instrument and that's what makes it so complex and hard to work with for some people.

Bitcoin isn't complex at all. It's the most simplistic coin in existence, which is why people like it so much. It does all that people need, which is storing value and sending value from point A to B.

People don't need all sorts of gimmick features that no one uses anyway. It's about the quality of the tool, and the liquidity its ecosystem around it provides, and nothing comes even close to Bitcoin in that regard. The only downside of this is that altcoin whales cash out to Bitcoin, then dump Bitcoin for USD which has been a major contributor as to why Bitcoin has tanked hard this year and somewhat struggled to remain up.

What I meant was for non-users, it's a bit overwhelming when trying to get into it for the first time. If you compare it to a credit card, it is quite complex for the average Joe who just wants to do some shopping or whatever.

I've met a few people who said they want to get into bitcoin but didn't know where to begin. They said that they've done a few searches online but couldn't decide where to put their money, and lots of them didn't know what a cold wallet was either. It's hard for some people to handle the concept of money going to a series of numbers and letters, and then being "virtual".
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin adoption or scalability on: August 03, 2018, 07:13:38 AM
Quote
New cryptocurrencies entering the market are offering lower entry barrier but only lack the popularity or dominance BTC has. I'm a superfan of bitcoin protocol but I still don't get why we can't have a tradeoff.
there is no "entry barrier" for bitcoin so that others have lower than that. it doesn't get any lower!

altcoins don't just lack popularity, they lack utility, security, decentralization,... and have many added issues.

Yeah, anyone can get into Bitcoin for as low as a few dollars. The barrier doesn't really exist in terms of investment. And if the person doesn't know how to set up a wallet, they can keep their money on an exchange (which, if only a small amount, shouldn't be a big deal)

Quote
BTC adoption (for mainstream merchants and highly sophisticated transactions) as against scalability. It's not like everyone in the world owns gold, so why should BTC become a 'world-currency' either? The few people who can have it should cherish it and only use it for more exclusive financial functions.
bitcoin will never become "world currency" but also at the same time it won't be "a few people" who own bitcoin!

I feel like you are only thinking in black and while. as it something is either 100% or 0%. which is wrong. the world is grey all the way.  you have to come to the middle.

Bitcoin is a very dynamic instrument and that's what makes it so complex and hard to work with for some people. It is certainly more than a few people that use it, but it's not ever going to be a "world-currency" either. The very nature of it makes it appear more complicated than it really is, and it can also lead to frustration for the early adopters as they cannot understand why others are not flocking to it.

16  Economy / Service Discussion / Re: Blocking cryptojacking on: August 02, 2018, 06:27:57 AM
That's interesting, I've never heard about cryptojacking until now. But I don't think a laptop would have enough power to mine. It wouldn't even generate enough coins to be worth the effort of hacking into your machine.

How did you know that it was jacked? Did you see a process running excessively in the background? And you said by adding nocoin to your browser it stopped, so was it being run as a script?
17  Bitcoin / Bitcoin Discussion / Re: Bitcoin popularity will increase, when no Gold is found in Fort Knox. on: August 01, 2018, 07:06:29 AM
I am very curious on why the American public has not insisted that a full audit must be done on the actual Gold that are stored in Fort Knox and other secure places in America. They blindly accept that there are lots of Gold stored in the vaults in Fort Knox and all over America. The government has no right to withhold that information, but the public is not demanding it.

Why?

1. They know that if this is true, their economy will PROBABLY collapse?
Indeed. Since the dollar is tied with gold and the US government claims to have the equivalent of each dollar in gold then the price will easily collapse once someone will leak a video about how catastrophic the situation is in Fort Knox.
I consider the USD untrustworthy since 70' when they suspended its convertibility into precious metals.

Damn, I never thought that there are still people who think fiat currency/dollar price are tied to Gold.  Roll Eyes  The US Dollar has not been linked to Gold for the last 45 years, since president Nixon abolished that in his term as president.  Roll Eyes

The only link to the Dollar is that it is mainly traded in US currency, so a weaker dollar makes Gold less expensive for other countries to buy it. So it is important for the US government to protect the dollar price and a shock like this, will definitely influence the dollar price and the Gold price, if this Gold did not exist. <If they say it is there and it is not, then they are messing with the supply>  Roll Eyes  

I was just thinking the same thing. The dollar is its own boss. It is whatever the Fed says it is.

I thought that a weaker dollar tended to make gold more expensive as investors look to it as a hedge. When the dollar is strong, investors prefer it over gold as it yields interest, whereas gold does not. So in addition to a higher value they can gain a few percent on the interest rate.

They're probably messing with the supply, just as the do by establishing futures contracts. To be honest, because of the massive amount of "invisible" gold created by futures contracts, I'm not sure that the existence of this gold in Fort Knox would have that big of an influence on the price of it anymore. Other than of course giving gold bugs a good reason to buy more.
18  Bitcoin / Bitcoin Discussion / Re: Bitcoin popularity will increase, when no Gold is found in Fort Knox. on: July 30, 2018, 06:19:42 AM
The US economy won`t collapse, if there aren`t any gold stored in Fort Knox.
According to Wikipedia:
"As of November 2017, Fort Knox holdings are 4,582 metric tons (147.3 million oz. troy), with a market value of over $100 billion. In contrast, the GDP of the United States was $19.4 trillion as of April 2017."
This year,the US GDP is more than 20.413 trillion USD.
I don`t think that bitcoin popularity will increase ,if the US government has no gold reserves.
Nobody cares about that.People are just ignorant.

It is all about Faith/trust in the government. If there are no Gold in the vault, then the US government will lose a lot of credibility and the US citizens and the rest of the world that are using the US Dollar would lose faith in them. That little piece of paper, called the US Dollar is 100% built on the faith that people has, that the government would guarantee it's value to the bearer.

The Gold's value has little impact on what the damage would be, if it was found that there were no Gold in Fort Knox and the government knows that.  Angry

That's why it is in their best interest to keep up the lie if there's nothing in those vaults? They want to keep a semblance of credibility in the face of their recent loss of the people's trust. It also helps to keep the price of gold down because that's an extra several million ounces in supposed circulation, which also drives up the dollar's value.

I don't think any government would ever let their people know that there is an empty vault and several million ounces are missing anyway. They'd be shooting themselves in the foot.

As far as bitcoin is concerned, I don't think that it would encourage people to invest in it if they found out this gold is missing. If anything, it'll fuel the conspiracies of the goldbugs and they'd rush to buy more because they'd see the value as higher than it actually is.
19  Economy / Speculation / Re: bitcoin technology has been obsolete, why bitcoin prices still expensive? on: July 29, 2018, 07:33:16 AM
How is bitcoin technology outdated?

You have to understand that bitcoin only aims to be a decentralized and trustless currency, and anything else would be out of the scope of the bitcoin network. What other projects are trying to do with bolckchain right now is completely irrelevant, and doesn't mean that bitcoin is outdated or useless.

Bitcoin's value comes from the fact that it's intrinsically limited in supply, and this can't be manipulated, and its decentralization. It also comes from the fact that it's the first cryptocurrency, with probably the most practicality and adoption at the moment. It's not outdated, in fact, I think we're still in the early adopter phase of things. That's why bitcoin is valuable.

Bitcoin is not outdated, the people saying this is probably invested in another coin and they want other people to invest in that, so they have to smack talk Bitcoin for those people to invest in all these other crappy coins. Some people also wants to brag that they are always better than other people, so they will say crap like this to boost their ego.

Bitcoin is constantly being "updated" and still years ahead of it's closest competition. Let those idiots invest in other Alt coins, they will soon learn that it was a massive mistake.  Wink

There's always room for improvement, and that is what bitcoin allows for itself. Sure, it may be a bit slow in regards to transactions, but at least it's secure. When the lightening network gets introduced then it will be next level transaction speed, and probably better than the other technologies offered by ripple and ethereum.

It's impossible for something so new to become obsolete so quickly. Especially if people are still pouring money into it and there is talk of formalizing it as an investment through an ETF. Bitcoin is just getting started. It may not be at the same level as other coins, but it has more attention, more investment, and therefore more potential to get ahead of those other coins.
20  Other / Beginners & Help / Re: Nowadays, even ordinary laptops can mine bitcoins. on: July 28, 2018, 07:30:30 AM
It's a clever idea actually, kind of like the P2P network that torrents came up with. You don't handle the entire burden by yourself, but contribute to the network. Everyone does their own little part and it all adds up to one. If the network can support the assembly of data in a similar fashion to the way torrent downloading does, the speed can most certainly be fast.

But the cost effectiveness is questionable. Can you actually make enough to keep your laptop running nonstop day and night? How much would you be mining with this process? The same question for smartphones, even if the capabilities exist, are they worth the effort (at this stage)
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