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September 24, 2020, 10:06:58 PM *
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1  Bitcoin / Bitcoin Discussion / Re: New Bitcoin ATM map on: March 01, 2020, 11:20:41 AM
With bitlicense in New York and similar things in a few other states yeah, there are more and more that want ID for KYC, but in many areas like Las Vegas no id is needed below a certain amount. Usually around $2k.

Is that a daily/weekly/monthly or final limit? $2000 before needing ID is a pretty large sum of money, especially when you can work around that limit by using different ATM's of the same issuer.

Perhaps that the ATM issuer isn't playing by the rules, which is great for those using those ATM's, but might turn out to be a legal nightmare for the issuer. Violating money trasmitter laws isn't something you wan't to be accused of.

I know of a few local ATM's myself, and they aren't that generous unfortunately. The last time I checked you could only purchase €100 worth of Bitcoin without ID, and that's it. You can work around it by using different phone numbers, but the fees just kill this low value 'abuse'.
2  Bitcoin / Press / Re: [2020-01-16] BTCPay Server Integrates Liquid Network Support for Faster Bitcoin on: March 01, 2020, 10:44:04 AM
Couldn't you say that about any off-chain protocol -- even Lightning -- since they aren't Bitcoin, and don't improve its on-chain throughput?

If Liquid is cheap, fast, decently secure and interoperable with Bitcoin, that seems like a good thing for Bitcoin and its users.

It's more about the centralized aspect of Liquid. I can spin up a Lightning node and connect to others and start using Lightning without begging anyone for access to the network. In order to get access to Liquid you need to go to a central entity and beg them to sell you LBTC, and hope that you will be able to convert it back to Bitcoin at a later stage.

I can't recall what 'Bitcoiner' it was, but Liquid was advertised as a scaling solution for Bitcoin, which is retarded because that's not the case at all. The point basically was that Bitcoin itself is slow and expensive, but Liquid fixes that problem. Conflict of interest it reeks of.

The narrative keeps changing..... Bitcoin's goal was to end middlemen services, and what are we doing? Yeah, introduce more of them.
3  Bitcoin / Press / Re: [2020-02-28] Can Bitcoin Be Seized as Self-Proclaimed BTC Creator Craig Wright C on: March 01, 2020, 10:31:19 AM
Trying to play innocent doesn't work very well for him.

That's how he built his following. One would expect people to have enough sense in their brain chamber that they wouldn't fall for the shit he's spewing, but the opposite is true. CSW and his gang are paid large sums of money to attend conferences all over the world. You can't visit a large conference without bumping into him.

In any other industry scammers would be called out and not invited anywhere, but the most retarded industry (crypto) takes things to the very extremes and doesn't give a shit about scammers. Goes to show how filled with scammers this space really is. Scammers surround themselves with other scammers.
4  Economy / Speculation / Re: Here is why the market is still bearish (nothing to do with the Corona virus) on: February 28, 2020, 02:13:16 PM
I think that is because bitcoin is about the people, the hodlers. If the hodlers keep falling sick and not able to be active to buy and sell which would increase trade volume etc, that could be a logical reason IMO .

Hodlers sit on their chair or sofa staring at the screen all day to see if Bitcoin finally surpassed that $100,000 level. They're hardly buying even though many of them are loudly presenting themselves as "dip buyers". It's just the same nonsense as we have always had. Very retarded bull narrative. I'm confident that most of these "hodlers" don't hold many coins to begin with.

Most of the people wishing for $100,000 only do that because they know that they need such insane valuations to see their holdings grow in value much enough. You won't be getting rich with a few tenths of a whole coin, neither with a whole coin which many can't afford nowadays.

In the end, it doesn't matter how many times we go through these corrections, people even if they have been here for a couple of years never get used to them. They always catch them by surprise.
5  Economy / Speculation / Re: Another decline of BTC expected on: February 28, 2020, 01:35:47 PM
I'm still dollar cost averaging, mainly into altcoins shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

I wouldn't do that as we are heading down unless you believe that the dumping is over. I was looking to take a spot position into XRP myself, then decided not to until Bitcoin made its next move, which it did, and I'm glad I waited because I would have ended with fewer satoshis instead of more.

I'm more comfortable getting in when there is positive change of behavior, which we had a realistic chance to have, but the market decided otherwise. Currently it's the exact opposite with more bleeding to come for altcoins versus satoshis. The 'altcoin season' people were close to having is put to a halt even though they did have a nice run lately.  Cheesy
6  Economy / Speculation / Re: Bitcoin is oversold on: February 28, 2020, 11:27:09 AM
Meanwhile, bitcoin’s recent price volatility is continuously increasing due to global economic slowdown caused by the Coronavirus and the refusal of Wilshire Phoenix’s Bitcoin ETF.

I doubt anybody knew there was a pending ETF request. I didn't know of that ETF myself, nor did I see people talk about it on social media until now after it got rejected.

Also, markets can stay overbought or oversold for prolonged periods of time. People have tried selling into those reads, but most of them fail because of that. If it was easy to short or long those reads and make tons of money, everybody would be doing it, but markets aren't that generous unfortunately.

From the looks, stocks are going to open in the red yet again, so I'm curious to see how that will affect Bitcoin's price today, and more importantly, CME's weekly and monthly close.
7  Bitcoin / Bitcoin Discussion / Re: Personal Opinion: Only a matter of time until Bitcoin will surprise us again on: February 28, 2020, 11:04:16 AM
So I'm not panicking, I will just sit it out and let those who panic push the sell button. Then smart investors simply will buy those BTC at a cheap price. This has been the formula since the beginning, and it's no secret as well that those who panic usually regrets their decision when Bitcoin goes on another massive run.

It looks like smart investors are actually unloading, and the dumb money buying the dips. I'm preparing for ~$7500 to be met before the halving takes place, which I'll then look into whether or not it's worth buying. Perhaps there might be a shallow bounce in the coming days, but that's perfect to sell into if you want to get out.

Closing below the 200 daily moving average (which we did two days ago) is generally a sign that you should be preparing for more downside, hence the reason I am short as we speak.

On a more positive note, wherever we end up bottoming, that will very likely turn out to be the best recent entry point. It's hard to be macro bearish with the emission of coins getting cut in half in the coming months.
8  Economy / Exchanges / Re: Kucoin requiring KYC now? on: February 25, 2020, 03:00:39 PM
Are you sure this happened on Kucoin? Could it have been a phishing site? I don't see any news about this either.

Could also be Kucoin selectively enforcing KYC hoping for people to abandon their accounts with funds in them, especially when the funds left in the accounts are not worth walking yourself through KYC for. This usually is the first signal of a more structural change that their platform will be subject to.

I would definitely exercise caution. The last thing you want is to send them a whole Bitcoin and then find out that you can't do anything with your funds until you are verified. Most exchanges don't warn you when your account is empty, the bastards that they are. They just want to make sure they gain something from you first.
9  Economy / Service Discussion / Re: Cryptotalk is racist on: February 25, 2020, 02:11:46 PM
I think the problem is that people expect too much from Yobit. It has been an exchange that didn't ever care about any of their users, nor their reputation that went south as result of their shady actions. I can see why people get upset about this since it's very easy money they are missing out on now, but there isn't much that you can do but to move on.

It's safe to say that their campaign will either be paying like 10-100 satoshis per post, or stop entirely. Even Yobit will come to the conclusion that their forum doesn't stand a chance against any other crypto forum.
10  Economy / Services / Re: [OPEN] blender.io Signature Campaign | Sr./Hero&Legendary Members | on: February 25, 2020, 02:01:14 PM
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=308793
Current amount of posts (including this one): 13268
Amount of merit EARNED in the last 120 days: 52
SegWit BTC Address for Payouts: bc1qmstu82u22rhf5carza9052skyr8ar83c4f4g3e
11  Bitcoin / Bitcoin Discussion / Re: TELLING THE TRUTH ABOUT BITCOIN on: February 25, 2020, 01:05:34 PM
Just before he left, I gave him a serious caution never to give anyone his money with the hope of getting a weekly or monthly dividend, and never to buy and coin that promises to display bitcoin in 3 years as such promising a big price growth. He promised to visit again with his I-pad and diary to start practical class.

Our little exposition of bitcoin and its working principles can help save innocent investors from Ponzi and scam promoters. I never had such opportunity 3years ago, had to read online.

I hope he keeps what you told him in mind, but I'm afraid that it won't stick long. Whenever we enter the next parabolic phase, the most trashy coins keep showing consistent gains, week on week, month on month. The same applies to scams promising high payouts, which they will be able to pay to people because there is enough new money coming in.

It's near impossible for those seeking unrealistic ROI to not get involved one way or another, because they want to buy that dream car/house or whatever.

I remember it myself that I recommended people around me to not put money in x/y/z shitcoin because they have no fundamentals, are scams, etc. Explain people why these coins keep pumping while you are preaching the exact opposite.  Lips sealed
12  Economy / Exchanges / Re: Warning becareful with coinbase. new problems found on: February 25, 2020, 12:47:33 PM
If you have not done KYC you probably hit the limit.
No KYC means no access to any of Coinbase's features as said above. Given the fact that OP has conducted transactions (see screenshot) he has walked himself through their KYC procedure already.

IF you have done KYC then you might have hit received BTC from some place they did not like or sent it to some place that they did not like.
That's the most likely reason. However, OP will not find out what caused Coinbase to restrict his account. Coinbase most likely does that to not give their users an edge over their security system, which is lame because you want to be as transparent as possible towards your users so they don't make the same mistake twice, which could result in account termination.
13  Bitcoin / Bitcoin Discussion / Re: Why we have slow steps about convincing governments to accept bitcoin? on: February 24, 2020, 02:00:03 PM
I'm just surprised that the Maltese governmen is only saying it now when Binance is actually opersting fir years now. It just makes me wonder if this is some kind of washing of hands by the government since now the European governing bodies are implementing strict sanctions with their AML procedures.

It could also be that they just didn't give a single shit about the crypto space until now. People always seem to come up with the most ridiculous conspiracy theories, but in most cases, things aren't like that at all.

In the end, people should be doing research before using an exchange. Binance's core business model is to operate outside the regulatory field, because that's where most of their profits come from. This is how they became the world's largest exchange by volume and userbase. I don't recall them having done anything else from their .com platform.

Time will tell how their US platform will perform, but I doubt it will challenge Coinbase or Bitstamp in any way.
14  Bitcoin / Bitcoin Discussion / Re: Crypto whales hacked, lost $15M BTC and $30M BCH on: February 24, 2020, 01:31:20 PM
And yes, it will really have a drastic effect in the market, this is a huge amount of money and that can drop the price anytime soon.

How so? It's wrong to assume that stolen coins are sold immediately. In fact, when it comes to such large amounts, it could take months, perhaps years before chunks make it to the spot market. I would say it's quite bullish for the market short term speaking because supply has been taken out of the market.

Obviously, thefts are not a good thing because criminals shouldn't be rewarded for their actions, but price wise it's more bullish than bearish.
15  Economy / Exchanges / Re: What do you guys think about Bitfinex? on: February 24, 2020, 09:29:21 AM
I mostly agree with the rating in the blog post in the O.P, though I'd probably rate it at just 2 or 2.5 stars; Bitfinex is very average, and its reputation only drags it down.

Despite that, the whales on that platform seem to slowly return as the cold wallet holdings of Bitfinex keep going up steadily, which is contradicting what most people think, that the exchange is going through a mass-exodus. Not the case.

What I'm less keen on is how there are a bunch of high profile Bitcoiners that previously were hating on that exchange, but after Bitfinex's adoption of Lightning they made a 360 shift and are even mild on Tether. That just shows how their incentives are put on the first place rather than warning people for exchanges that don't have a spotless track record.

In the end, whenever there is another bull mania all exchanges will benefit in terms of user onboarding. Bitfinex too. Yobit too. Hitbtc too.
16  Economy / Speculation / Re: Has anyone tried leveraging hodl positions with bank loans? on: February 21, 2020, 01:26:02 PM
I have seen people do this in the past with stocks. Initially it might go well, but the longer term picture definitely isn't that bright. No matter how much confidence you have in the trend or an asset, markets in general can stay irrational much longer than you can stay solvent, hence the reason I wouldn't dare to borrow anything from a bank for investment/trading purposes.

Bitcoin is so small in terms of market cap and illiquid that you don't have to borrow money to make big gains, you just need some more patience and wait for the next parabolic leg up. Witout borrowed money you can just sit back and not feel any pressure to book gains. It's perhaps not as exciting as trading and whatnot, but at least there is so much less risk you are exposed to.
17  Economy / Speculation / Re: Need to be more cautious than ever on: February 21, 2020, 12:55:52 PM
The only aspect i avoid in the BTCitcoin market is putting a stop loss as the market could recover in a moments time and then you end up in a heavy loss, this is a unique market where stop loss function has its own risk as the market recovers quickly as it went down and you wont get a chance to enter again during that period.

I think you need to choose different areas at which you place your stop loss then. I haven't run into problems myself where my stop losses are triggered easily. Not using a stop loss isn't a smart thing to do because proper risk management is key in any market, even when you think the market will recover.

Another important aspect of trading is that your opinion is meaningless in markets, all that matters is what the charts tell you, and that's what you should be focusing on. I have seen a lot of people trade their opinion and lose everything in a fairly short period of time.

I let my opinion get the better of me back in 2018 and I paid the price for it. The damage wasn't big, but still, it was a mistake I could have avoided easily by going with the charts instead of my overly bullish opinion. Lips sealed
18  Economy / Trading Discussion / Re: Bitcoin Enquiries on: February 21, 2020, 11:22:36 AM
Just last week, someone paid me to do some minor task for him/her website; (Completed by GreatArkansas) Looking for Node.js (express) coder, thanks to @Raja_MBZ .
It's kinda pretty awesome, I found a way to earn bitcoin by what I am doing or passion in life; coding or developing some web app.

That requires OP to have coding skills, which I'm confident he doesn't have, else he wouldn't open a topic like this.

I'm certain that OP wants zero-skill requiring tasks such as signature campaigns, which is what Bitcointalk is known for amongst people looking for easy ways to earn money.[1]

[1]
I discovered this forum on one of my research gigs on earning bitcoin.

Yobit's Cryptotalk forum campaign (on their forum, not this one) allows people to earn satoshis while posting and the quality standards are very low, thus perhaps an option for OP.
19  Economy / Trading Discussion / Re: How to choose correct coin for Day Trading on: February 21, 2020, 11:07:57 AM
If you want to know specifically which coins will be pumped or dumped, you must join the group and of course there will be a fee to pay I'm not recommend that way because you need a big capital also a chance for you to get scammed are high.

Most people paying for those group's "information" end up losing money because all that's happening is the groups recommending people to buy the coins they already own (i.e. create liquidity to sell into).

People just need to stop forcing themselves into a trade. If you don't know what coin's chart offers interesting and potentially profitable trading oppotunities, then you shouldn't be trading to begin with. Not losing money due to your greed is better than wiping out your entire exchange balance. People always think about what profit they can make, but ignore the part where the losses are a more realistic outcome.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: So much for this "Defi" hype, BTC is on the only Decentralized Finance on: February 20, 2020, 01:42:12 PM
People have taken the defi hype a bit too far it seems. A lot of the applications running on top of Ethereum have nothing to do with defi, but they make it seem like that to surf on the hype and lure in users/capital. Most people are too stupid to do their own research and therefore take everything for granted.

If we zoom out and not react to everything from a 'Bitcoin good altcoin bad' narrative, there are plenty of actual defi applications running on top of Ethereum that are useful. Dexes for example, it's so easy and fast to exchange one token for another on the platform, which is what we all want to see happen on Bitcoin. Ethereum has it already.

Decentralized stablecoins on Ethereum is another one. I like the fact that the ERC20 ecosystem is so diverse yet so interoperable.

My only issue with Ethereum is that it keeps printing coins (no fixed supply). That's a fundamental aspect of that network I can't get over and therefore not own any.
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