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Bitcoin / Bitcoin Discussion / 25k new Bitcoin addresses in 1 hour
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on: November 19, 2020, 01:53:41 PM
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With 25 000 new bitcoin addresses created today and new money keep flowing into bitcoin market it's clear that bullish trend is very strong, but do you think creation of new addresses is a valid metric ? Creation of a new address doesn't automatically means that the user is new, I have many bitcoin addresses.
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Other / Politics & Society / Re: Do you think COVID19 is a scam?
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on: November 17, 2020, 02:12:46 PM
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Definitely unusual times and in my opinion some more to come. I think it's a unprecedented scam, there is no evidence this so called "virus" has ever been filtered out, PCR tests are false in big %%. With all freedom suppression, lockdowns, travel bans, idiotic rules and vaccines brainwashed by globalists media humans are moving with a high speed to Orwellian society.
Exactly, interresting times ahead after that 4th Industrial Revolution, golden days
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Other / Politics & Society / Re: Do you think COVID19 is a scam?
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on: November 17, 2020, 11:32:28 AM
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I think it's a unprecedented scam, there is no evidence this so called "virus" has ever been filtered out, PCR tests are false in big %%. With all freedom suppression, lockdowns, travel bans, idiotic rules and vaccines brainwashed by globalists media humans are moving with a high speed to Orwellian society.
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Other / Archival / Re: CitiBank & Report about Bitcoin: 21st Century Gold
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on: November 16, 2020, 12:09:24 PM
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Many bankers must have been stockpiling bitcoin without admitting this in public. Remember Jamie Dimon of JP Morgan and his anti bitcoin speeches in the beginninig. The report is probably a sign that Citibank will join crypto-business too, they can't miss a profit opportunity.
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Economy / Speculation / Re: What's the next Bitcoin´s NEW 2020 HIGH?
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on: November 13, 2020, 12:46:02 PM
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I wouldn't be very surprised if I see some unusual movement soon cause FOMO is high and whales know it too so some fake wicks in both directions are very possible, but the bullish trend is very strong. I believe bitcoin will test and overpass ATH as a psychological target too besides the fact that big money is already in the game. As I don't see any valid reason why the price may significantly decline I expect it will be higher than $20k by the end of 2020 unless some total crash happens on all market and whales start dumping their bags which I really doubt.
remember that the end of the year is still more than a month and it could possibly happen because if we see bitcoin making some unusual maneuvers. he can go down drastically and go up with a matter of days, even have made a sharp increase in just a day. so the possibility of going down again could happen and this is the way bitcoin is profitable to play short-term investments that have rarely been done so far. Price predictions that may be worth bearing at the end of the year, around $ 16K are already good value to continue in the following year.
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Economy / Speculation / Re: What's the next Bitcoin´s NEW 2020 HIGH?
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on: November 13, 2020, 11:59:59 AM
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I believe bitcoin will test and overpass ATH as a psychological target too besides the fact that big money is already in the game. As I don't see any valid reason why the price may significantly decline I expect it will be higher than $20k by the end of 2020 unless some total crash happens on all market and whales start dumping their bags which I really doubt.
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Economy / Trading Discussion / Re: Extreme greed on the market
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on: November 12, 2020, 08:36:17 AM
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Well..in trading I don't think anybody can give any accurate time on any movement but should keep an eye on some indirect signs and indicators of possible corrective pullback or bullrun continuation. Hey guys, By recent Fear&Greed Index bitcoin is in extreme greed area, usually it's a sign of decline in price or even crash.
I think a time for such down is coming but nobody can give accurate time to it. The price have been steady on the up since it got above $12,000. It may be getting to a strong area for another drop. It had a little step down from 15,000 after shooting high towards 16,000.
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Economy / Trading Discussion / Re: Extreme greed on the market
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on: November 11, 2020, 09:54:54 AM
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Thanks, do you think the volume indicator is reliable? Besides that Fear & greed index indicator, I am more using the volume of chart or much better if the Relative Strength Indicator (RSI) also a momentum indicator. Since using RSI on your chart, it also indicates if the momentum of the market, like if the chart is oversold or overbought. The higher timeframe you will use in your chart, it's much better in RSI, just my 2 cents.
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Economy / Trading Discussion / Re: Extreme greed on the market
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on: November 11, 2020, 09:00:00 AM
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Thanks for your comment, agree with you that for technical reversal there must be some better confirmation signals, I watch key S/R zones, trend lines and MA breaks and yes, during strong trend or range market stochastic or other oscillators can be overbought/oversold for a long time. I also keep an eye on divergences in price and indicators, sometimes they signal a price reversal too. Hey guys, By recent Fear&Greed Index bitcoin is in extreme greed area, usually it's a sign of decline in price or even crash. I've been observing this index for quite some time and find it pretty accurate, of course it doesn't give you the exact day or time but it indicates the sentiment on the market. Do you ever use this index in your trading analysis?
Just like funding rate and long vs. short data, it's good to keep an eye on it. It's good for giving a warning of impending capitulation or blow-off top, yes. Unfortunately, it can be deceptive. I can't tell you the number of times I've heard "the index is greedy, we need a correction!" and then the correction doesn't come until price is 20-30% higher. Sentiment works a lot like momentum oscillators like RSI and such. During a range market, it's safe and sensible to sell overbought and oversold levels. However during a very strong trend, momentum can become embedded in overbought or oversold zones for a long time. In the same way, during a very strong bull trend, the market can remain "greedy" for quite some time before the eventual crash comes. To put it more simply: it's pretty difficult to trade based on sentiment alone because it's difficult to time. You'll want to look for other technical reversal signs too.
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Economy / Trading Discussion / Extreme greed on the market
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on: November 11, 2020, 08:17:28 AM
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Hey guys, By recent Fear&Greed Index bitcoin is in extreme greed area, usually it's a sign of decline in price or even crash. I've been observing this index for quite some time and find it pretty accurate, of course it doesn't give you the exact day or time but it indicates the sentiment on the market. Do you ever use this index in your trading analysis?
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Bitcoin / Bitcoin Technical Support / Re: Cold wallet damage
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on: November 11, 2020, 07:49:20 AM
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I really appreciate your comprehensive answer!!! Thank you, now I understand! yes, I don't have any blockchain related background so yours and other guys information is very helpful. Thanks for your information! If I break my wallet and buy a new one how does my crypto transfer to a new wallet? Do I need to connect to blockchain online? --snip--
From this follow-up question, i can deduct you might be missing some background information about how bitcoin actually works. I'm not trying to insult you or anything, crypto is quite complex to grasp at first, so it's perfectly fine to have some confusions when you first enter this community. the TL;DR;, simplified answer: bitcoin is not stored in a wallet or on a device... Your wallet holds private keys (or a master private key from which other private keys are derived). Next to this, your wallet might hold some meta-data (like labels, or some history that can be regenerated by re-parsing the blockchain). This meta-data is actually "unimportant" (at least from a technical point of view), it is not needed to spend your funds, and some of it can be recreated by parsing the blockchain... Your wallet derives your public key(s) from these private key(s). Those public key(s) are hashed to form your address. When somebody funds your address, he/she is basically just broadcasting a transaction to the network that uses unspent outputs from the UTXO db as an input, while creating one (or more) unspent outputs funding your address... These transactions are stored on the blockchain (the decentral ledger), NOT in your wallet... The only important thing your wallet stores is your master private key (in ledger's case... Ledger is a HD wallet witch uses a xprv, not random keys), or your randomly-generated private keys... When you restore your wallet with a seed phrase, the new wallet will contain exactly the same master private key as the original wallet, so it'll be able to sign transactions spending the same unspent outputs...
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Economy / Service Discussion / Re: Is there any art marketplace for crypto?
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on: November 10, 2020, 12:25:47 PM
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The site looks very intersting, thank you! Is there any marketplace where artists can sell their works for crypto? Maybe online galleries or specific webistes or auctions.
I find this site thru my friends suggestion visit it here https://app.rarible.com they are selling arts in a good price and I see them earning for selling on people there. But I never tried the site yet so kindly do your own research on how you can use this for your art selling. Good luck.
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Bitcoin / Bitcoin Technical Support / Re: 2FA Google authentication
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on: November 10, 2020, 12:20:35 PM
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yes, that's exactly what I'm afraid of and it definitley sucks when it happens, I will be checking the alternatives that many helpful fellows recommended I Don't recommend to use 2FA google authenticator as its's almost impossible to recover your account once you lost your codes. I've lost my device in which my codes were saved and i then i realized that i am unable to access my google account even my phone number was registered in gmail . I've lost all my data and trust me It sucks.
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Bitcoin / Bitcoin Technical Support / Re: 2FA Google authentication
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on: November 10, 2020, 12:17:05 PM
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Thank you for your reply, I'll be checking alternatives you mentioned to Google 2FA Yes I know it now, you can ceck my last comments. Here, my misunderstanding is because the service just mentioned G2FA only, so i think if it only works for google 2FA only.
Yeah, it's a common misconception that "Google Authenticator" is a "Google Only" service... you're not the first (and won't be the last) person to get confused by that. I certainly was when I first started using Google Authenticator several years ago. The sites that have implemented the 2FA service are partly to blame by calling it "Google 2FA" etc... And Google really should implement a "proper" (encrypted) backup solution for Google Authenticator. Relying on users to safely store the individual "secrets" themselves is messy and prone to error. Authy, Aegis and Authenticator (Plus) (and others) have all been able to come up with solutions, I'm not sure why Google can't?
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Bitcoin / Bitcoin Technical Support / Re: 2FA Google authentication
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on: November 10, 2020, 12:15:12 PM
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Yeah, that's what I meant if I don't back up the seed for the authenticator. Thanks for the information, I'll check the alternatives to Google 2FA Please help me with my question concerning 2FA. Do you think it's essential security measure, does it work very well? Then Google will have my security code, right? I'm just afraid to do smth wrong like lose password or QR-code or smth and lose my crypto.
No, Google should not have your security code. Actually if you lose your phone and didn't back up properly the seed for the authenticator (when you created/set up the 2FA) you'll probably lose it. This being said there are better alternatives than Google Authenticator, which do the same job but also allows you keep a safe copy somewhere. It works well, but you may have surprises in the future, because the generated code is based on timestamp. And if your phone, the auth app or the website where you try to enter don't have the time set well, the code will not be accepted. (Usually a sync of your phone fixes this). About losing crypto. If you use the 2FA on the same phone as you access the web services, you weaken the security by a great deal and if the phone is lost, stolen or compromised you may lose funds also with 2FA. Imho the main rule is to keep the funds you don't need "now" safely offline on a wallet you and only you control. This means no web wallet, no big money on exchanges, no cloud, desktop or e-mail backup of the seed/private keys (use paper, steel, whatever). And/or make use of hardware wallet.
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Bitcoin / Bitcoin Technical Support / Re: Cold wallet damage
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on: November 10, 2020, 12:06:37 PM
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Yeah, that's what I was asking about. when the ledger is totally broken What @mocacinno said applies if your Ledger is totally broken (e.g. can't turn on or detected by your computer), but for minor damage (e.g. broken USB cable or bluetooth), you could use different another USB cable.
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