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621  Bitcoin / Press / Re: [2019-10-19] With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit? on: October 19, 2019, 04:50:16 PM
Please, fork it and go elsewhere and don't try to destroy the real bitcoin.  There are plenty of people who will stick with bitcoin or inflatecoin.

Forks always have their aim at 'destroying' the real Bitcoin because they are obviously MUCH better.

An aspect of forks that I am extremely thankful for is the fact that they have donated free Bitcoin to me in form of dividends. Sure, it required me to sell the garbage that was donated to me, but I got an average price of ~0.19BTC for every BCash that I had. Next was BTG that I got like ~0.03BTC for. Where are you gifted the most precious and sound asset like that? Let the forks come. I'm happily dumping that shit for real Bitcoin.
622  Economy / Speculation / Re: "Bitcoin: Bearish Mood Strongest Since February" on: October 18, 2019, 11:45:45 PM
there is fear and some bearish mood but it is not even close to the fear and bearish mood that existed in the beginning of this year.

It's a world of difference indeed. It makes me believe that there is much more to come for Bitcoin (negatively speaking). It's going to be an important last few days of the week for Bitcoin with the weekly close being so close (no pun intended) to the 50EMA (currently $7880) that provided solid support thus far. Keep an eye on that moving average.

We're just one wick away from triggering a lot of stops that will sell the price down to low $7000's, which shouldn't be too difficult for a cheeky whale to trigger with how thin the books are.
623  Economy / Speculation / Re: Where will this fluctuation end ? on: October 18, 2019, 11:08:13 PM
People really need to spend a bit of time to understand what it is exactly they would like from this new form of financial freedom.

It's quite easy. They want to become a multi millionaire tomorrow. Preferably by only investing $100 of their money.  Roll Eyes

You don't ever see competent traders complain about stability or fluctuations, they know when to take some distance and when to start putting their capital to work. You got to love their rational attitude because they don't deal with direction bias. Every move can potentially be profitable trade, and that's exactly how you should approach a market.

At one point I expect derivatives exchanges to add some sort of a feature that allows people to make profit during non volatile phases as well.
624  Bitcoin / Press / Re: [2019-10-18] Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7 on: October 18, 2019, 10:39:31 PM
I also am very content with Bitcoin's "failure", there must be something wrong with me Grin

Bitcoiners are the weirdos to get suckered in and pay the price for their believe in something that most banksters in the world tried to combat. Congratz to you all!

So long as banksters and all other nay-sayers *falsely* try to convince you that Bitcoin doesn't work, won't ever work, and is a fraud, you can be assured that they 1) aren't done accumulating, and 2) we haven't even remotely seen Bitcoin's impact on the financial system as we know it.

If central banks do consider stablecoins a threat, which they can be, then it's fantastic that Tether is shifting from Omni to ERC20, which means that Bitcoin will have even less attack surface. Ethereum on the other hand....... Say hi to Vitalik and mr Lubin!
625  Economy / Trading Discussion / Re: Trading BAKKT with physical delivery on: October 18, 2019, 09:37:09 PM
Yeah, you'd think that if Bakkt was going to be a smashing success it would have been on fire from day one.  That obviously wasn't the case.  I'd like to give it some time to see if it catches on, but I have the feeling it won't.

How can Bakkt be fire from day one when most entities to eventually utilize Bakkt futures won't do that directly through Bakkt, but through their brokerage accounts, and the adoption of brokerage firms can take a while (generally it's a process of months up to a year).

It really seems that people expected Bakkt to change the whole market and generate tons of volume, but it was never capable of doing that, and still isn't, hence the low volumes even after their launch. It's much better to give them a couple of months to let brokerage firms get access to the platform and have their accounts set up, that's when the volume should increase exponentially.

If after a couple of months their volumes are still 50ish, then sure, it can be considered a flop.
626  Economy / Trading Discussion / Re: Cat.ex exchange? on: October 18, 2019, 01:07:53 PM
I first thought where do people find these funny exchanges, then headed directly to CMC and yes, there it was with a $440 million 24H trading volume.

Just look at this phony trading activity;

ETC/TRX $50 million in the last 24H
LTC/TRX $41 million in the last 24H
EOS/TRX $35 million in the last 24H
QTUM/TRX $30 million in the last 24H

That's an indisputable scum exchange and people should steer cleer of it. What's wrong with Binance? Kucoin? Use these. Roll Eyes
627  Economy / Economics / Re: Bitcoin: "Maybe Is a Partial Store of Value" on: October 18, 2019, 12:42:06 PM
Roubini and Tone Vays are both a bunch of idiots only representing their HUGE egos during events. They shouldn't be invited to any event.

It's pointless to debate the same people while you know beforehand they won't concede any points. The only reason they keep doing it is to get some much needed exposure because they have services to sell.

Here is a link to the recent debate between Brock Pierce, Roubini, Tone Vays, Bobby Lee and Craig Wright. This is why the crypto sphere is still the mess today that it was years ago, and nothing will change when you invite the same losers over and over.
628  Economy / Economics / Re: Bitcoin: People Empowerment on: October 17, 2019, 10:50:43 PM
You can't get out from bank's and government's control with only just bitcoin because things have changed, this coin is now well attached on bank services, we measure it's price in USD so how? There are a lot of exchanges which are connected to banks, there are also some banks which directly offer crypto services.

If you withdraw your Bitcoin and not keep it on an exchange, it's fully your coin and there is nothing the bank/exchange/government can do to take it away from you.

If you don't want to link your bank account to an exchange, then there is enough going on locally in most countries where you can buy your Bitcoin with physical cash. By doing so you fully own your coin, and you haven't given your bank/exchange/government any info as to what you did. This is the true definition of peer to peer transactions. Definitely the better option.

The importance of being the sole owner of your private keys can't be stressed enough. If you don't own your keys, you don't have any coins and thus no freedom.
629  Economy / Economics / Re: Cryptocurrency and Remittences on: October 17, 2019, 10:05:20 PM
I have. The fees are only low when the price is down. Everytime the price surges, the mempool fills up and the fees climb.

That's normal. I'm not sure what address format you are transacting in, but when you use bech32 (addresses starting with bc1) you can save like a third in fees easily.

If you use the legacy format addresses then you are pretty much robbing yourself. In case you haven't already, switch to Electrum (they have both desktop and mobile wallets) and enjoy lower fees. Bitcoin Core is an option too, but you have to download a lot of block data and the data has to be validated, which most people understandably rather avoid.
630  Bitcoin / Press / Re: [2019-10-10] US SEC Rejects Bitwise Bitcoin ETF Proposal on: October 17, 2019, 09:33:37 PM
So many years have passed and by now it is clear that the U.S. Securities and Exchange Commission will never approve an ETF even if it is having a remote connection with any of the cryptocurrencies. Everytime they come up with new excuses.
They don't come up with excuses. All their reasons for rejecting these ETF's are valid considering how big the ETF market in the US is, plus there is a lot of shady shit going on with Tether, overseas exchanges reporting huge amounts of fake volumes, etc.

I'm pretty sure that CME and Bakkt will play a very important role in the approval of an ETF, and then mainly regarding the volumes they generate and the honest price discovery that happens on these platforms. It will not happen any time soon, but I would say that the chances are pretty high that we get it within 5 years from now.

But seriously, who need these ETFs now? I don't think that it is that difficult to store Bitcoins by yourself. You need ETFs for gold, platinum.etc, because it is very risky and expensive to store these assets. The case is different with Bitcoin.
It might not be a difficult task for you to store a few k worth of Bitcoin, but what do you expect an institution or a wealthy individual to do when the amounts are in the multi millions? They rather use a regulated instrument where they don't have to worry about storage, theft, etc.

Crypto as a whole is nowhere near user friendly enough to onboard the mass. An ETF helps a lot in that regard.
631  Economy / Exchanges / Re: Kraken - 2FA updated and all coins robbed - Kraken refuses response! on: October 17, 2019, 11:35:19 AM
Also, is there no email confirmation required for withdrawals on Kraken? That's typically a very basic security requirement that all exchanges employ. The OP says their email account was not compromised.
How can there not be? Kraken's guide to request a withdrawal of any coin points out that a withdrawal can only be completed by clicking the confirmation link in the email sent to you.

If my email would have been hacked they would have changed the password at first and they would have deleted the emails - but they we're all unread in the inbox!
Read emails can be marked as unread super easily.

I'm inclined to think that in some way a hacker got access to your computer well before your coins were stolen, all to wait for the right moment to strike. If that turns out to be the case, the hacker has had all the data you have to access your account/withdraw/make account changes, etc.

I'm very curious to see Kraken's explanation after doing some investigation. They should know what exactly happened by the detail.
632  Economy / Service Discussion / Re: Any VCC Provider doesn't required KYC ? on: October 17, 2019, 11:11:06 AM
Alternatively, and If none of the above works for you, you can check Coinsbee's virtual cards but they're not reloadable.
I wasn't aware of Coinsbee's existence, but I'm happy I do now, so thanks for pointing out. I'm a little hesitant because of how new they are, but will definitely give them a try with some low amount as tester when my current go-to giftcard merchant Bitrefill runs out stock or experiences a problem.

Another benefit of Coinsbee is that I can instantly pay for gift cards through Lightning as they use Coingate as payment gateway. Smiley

I have used Coinsbee and I had a very pleasant experience.

I wouldn't recommend coinbase.

The opinions are very mixed, but the general consensus is that if anything goes wrong when you use their services, there is generally a lack of support with their customer service.

Essentially, everything will work smoothly, or you can be waiting for weeks on end for a response from support. Not worth the risk, which is quite high especially with fiat payments.
He is referring to Coinsbee, not Coinbase.
633  Economy / Trading Discussion / Re: What is the safest way to exchange my btc to paypal on: October 16, 2019, 11:43:01 PM
I've also dealt for PayPal funds through users with high reputation on the site Paxful.com; there's still risk for a potential payment reversal even with the most reputable users as that's just how PayPal transfers are in nature.

It's not only dangerous because PayPal itself is so lenient on chargebacks from within their own interface, but the very fact that I can initiate a charge back from my banking interface is an extra risk that makes PayPal even less desirable as option to use. It doesn't matter whether you use the G&S or F&F option, when you initiate a chargeback PayPal will screw you hard.

I know someone who lost considerable value thinking that it's safe to accept F&F payments. It wasn't related to crypto, but the buyer aka scammer managed to get the product and a refund, leaving the seller out of a lot of money. PayPal = making scamming easy and profitable. People who knows this but still continue to use PayPal have no right to complain when the odds stack up against them.
634  Economy / Trading Discussion / Re: Exaggerating portfolio returns on: October 16, 2019, 11:11:42 PM
130% in a time span of 3 months is insane! Definitely so considering the fact that you traded on CoinbasePro, and exchange that doesn't offer leverage trading.

In most cases legacy market traders would be jealous A.F. when they see that you only needed 3 months to book such magnificent profit percentage. I know some great traders myself with like 5-10 years of experience in the forex segment of the market, and they are over the moon with 100% profit annually. Nothing about your profit percentage tells me that you should manipulate it to make it look better.

I'm sure 130% will stun any trading firm. The main point of importance aren't really the gains you book, but more so the fundamental understanding you have of trading. You have to convince your future employer that your run to 130% profit wasn't just a lucky streak.
635  Economy / Economics / Re: Cryptocurrency and Remittences on: October 16, 2019, 10:13:00 PM
Ripple, which was the stablecoin that was supposed to be ideal for remittences seems to be a failure because you can only convert it to bitcoin and USD:

Quote
The report notes that Western Union has trialed Ripple’s products, but have steered clear of xRapid, the solution which uses XRP. The report states, this is because “there is not enough liquidity, depth, nor enough on-ramps and off-ramps for it to work as intended.”
It was never meant to be a stablecoin. The whole idea is that you don't have much more exposure to the volatility of this market than 5-10 seconds in total. An XRP transaction is settled in 4ish seconds, and then selling it for x/y/z currency will take a few seconds on top of that. On paper it actually looks quite good, but the main obstacle is indeed liquidity.

The whole hype around Ripple's partnerships are used by heavy bag holders to make it seem there is a lot demand for the XRP based services, but what most financial institutions have pledged to is the use of xCurrent and some other fiat based products.

The only problem with bitcoin is the fees and the delays when the price rises and the mempool gets backlogged.
Did you use Bitcoin recently? Segwit adoption has gone up a lot resulting in piss low fees. I haven't paid more than ~$0.08 in fees for my last transactions. In case there is a sudden increase in transactions I use RBF to bump the fee a bit. Times are different now. USDT's shift to ERC20 helped a lot too. Please don't tell me that $0.08 is still too high.  Cheesy
636  Economy / Economics / Re: What is behind the past few days of rally? on: October 16, 2019, 09:40:25 PM
I trade for a few days and get a defeat, I feel I have to temporarily exit this market and wait for the right moment to reenter .

That's the right decision. It takes some self-awareness and discipline to actually come to that point and stick to it. It's completely and utterly pointless to force yourself to trade a market in its current condition. This is how a lot of wannabe traders end up broke because they somehow think that you have to trade every single day as trader. Roll Eyes

It won't take long before we get a big 5-10% move (likely before friday), but I'm afraid that it won't be a move people will appreciate. I don't know how people still look at the positive side of the market with how there is nothing positive (unless you're short and look to accumulate spot coins) about it at all. We have had confirmation after confirmation that the market shifted from bullish to bearish.
637  Economy / Speculation / Re: 20K by March, A positive Look at the market. on: October 16, 2019, 07:47:46 PM
This is what a lot of people didn't expect to happen way back 2017 and all got surprised that a 20,000$ BTC is possible even on a short time frame.

The most intense bull runs happened because people didn't expect them to happen, hence the immense fomo buying pressure that sellers just couldn't sell through in 2017.

People also didn't expect a bull run to commence when we were hovering between the $3000-$4000 levels after the brutal 50% drop. People couldn't agree with each other on how low the price would drop. Would the bottom be $1800? Or even $800? People were well equipped to buy these lows, but weren't equipped to ride the next bull wave, and that's when you get such explosive increases.

What do people do when they see the price go up and don't want to miss out any further? They fomo buy. The capital people thought to use to buy Bitcoin below $3000 was pumped back into the market at much higher levels.
638  Economy / Speculation / Re: Bitcoin Halving and price History Analysis on Chart on: October 16, 2019, 07:18:47 PM
The 2018 bottom already diverged significantly from the 2014-2015 bottoming cycle, reversing into a bull market much faster.

We'll have to see if this is an actual bull market because the lower the price sinks, the more likely it becomes that it has been a bull run within an overall bear market.

If we look back at historical price action, we don't generally break above the most important moving averages to dive under them some months later. In a bull market we stay well above them for quite a long time, which is something we haven't seen happen this year. Another thing is how little support there was around the 200DMA, while sellers right now are lined up to sell any attempt to break higher.
639  Bitcoin / Press / Re: [2019-10-02] Bitcoin Logo on Futsal Florentia, Serie A Women’s Football Team on: October 15, 2019, 11:35:49 PM
Neither Betfair nor Bwin have futsal and even if they had I doubt it would be women futsal.
And now I'm a full-fledged misogynist.  Grin
They actually offer futsal bets (and there are many more online casinos doing so), but not as frequently as the more popular sports, and why wouldn't they feature women futsal? They also offer plenty of other not so mainstream sports with only women.

Large gambling websites accepting bitcoin would probably be a million times more important than the whole baktt, etf, rekt whatever.
If that happens the bear season is over and we can kiss goodbye both the 4 digits and 1sat/b transactions.
I put an ETF well above any form of Bitcoin acceptance. If there is enough demand, which I think there will be, billions worth of Bitcoin will be taken out of circulating only further squeezing out the floating supply.

Gold ETF's have seen a capital inflow of ~$18 billion this year, and the year isn't even over. Bitcoin has much more upside and a lot of investors would love to tap into an ETF to ride the market within a regulated and insured environment. If we can combine both ETF's and legacy casinos accepting Bitcoin and paying people out in Bitcoin, that would absolutely be insane.  Grin
640  Bitcoin / Press / Re: [2019-10-10] How the U.S. Government Tried – and Failed – to Shut Down Bitcoin on: October 15, 2019, 11:10:50 PM
Don't get me wrong on this one but their operation hasn't stop yet that even their local governments like New York has issued what they call "BitLicenses" just to make the industry less desirable to enter.

NY has always been extremely over-regulated. It affects pretty much every non crypto part of the industry severely. In crypto's case it doesn't really hurt the ecosystem with how most services would definitely apply for such a license if the demand within NY would justify it, but since it's lacking, they rather avoid it, which is a good thing.

In the end, the license itself isn't a bad thing per se if it was easy to obtain. It's the bureaucracy that makes it take a year at the very least when things move 'smoothly', which further bumps the cost a service need to spend.

Coinbase a few days ago announced that they are granted an e-money license by the Central Bank of Ireland. This is pretty big news for the space as it once again proves that not all governments are against Bitcoin and the broader crypto market.
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