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1  Economy / Services / Re: [OPEN] ⚡BQT Signature Campaign | Member - Hero | 0.0007 BTC /Post ⚡ on: September 20, 2018, 03:38:23 PM
Hey Zapo! Probably applying too late, but I would like to switch to this campaign from the IOU campaign if possible, thanks for the consideration!

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2  Bitcoin / Bitcoin Discussion / Re: Will SEC never approve Bitcoin ETF? on: September 19, 2018, 03:34:28 PM
The strongest ETF application is from CBOE and should be reviewed at the end of September and the overall feeling is that it will get accepted, if not in September then at the beginning of next year.

CBOE? I think you are mixing that up with Vaneck/Solidx. That one so far is the most promosing proposal, and the SEC will be making their decision on it at the end of september. IIRC the CBOE proposal won't be reviewed until some time in 2019. Either way, it is only a matter of time until a Bitcoin ETF is finally approved. There are so many pro Bitcoin ETF SEC agents.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The privacy coin race on: September 19, 2018, 03:31:42 PM
IMHO two coins from list can win the race. This can be zcash because they have a lot of money for new development. Or it can be KMD because they working hard and their blockchain is very fast as I know.

To be honest, I'd stay away from those coins. IMO the real privacy coin that is the only one worth holding is monero hands down. It has been shown to be the most private coin out of any of the other coins out there, and it has been around much longer than most of the other privacy coins out there. Small supply as well, and there are a lot of features with the wallet that other coins don't have. Not to mention you can mine directly in the wallet which is pretty cool. Buy monero!
4  Economy / Speculation / Re: Bitcoin Has Been Quietly Bullish Since $5700 on: September 19, 2018, 03:28:09 PM
I see a strong resistance between $6,300 and because of the steady and slow movement, price have been around there for a week. This will not be easy to be broken and if that happens, I should think that the bullish have been confirmed.

There is a strong resistance at $6000 in general. The price have bounced off of that range 5 or 6 times now over this last year. There is a ton of buy support at these levels. I think it's safe to say that the bottom has been found, as there would be no reason for the price to keep drifting further downwards. The price has already corrected 70% - 80% from it's 2017 high, and this is usually how big the Bitcoin corrections are after a bubble. We should be at the bottome right now, and as long as we don't break the support, I think it's safe to say we will be in a bull market very soon.
5  Economy / Speculation / Re: BTC TO 3K$ on: September 19, 2018, 07:01:47 AM
BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.

This would be a very unfavorable situation for the entire market. And especially for altcoins, whose value would have dropped to very low levels. It would be a symptom of a very big crisis and a loss of confidence in the crypto market.

It won't drop to these prices. These FUD threads are some of the most bullish signs in this forum. These type of FUD threads were all over this forum back during the 2014 and 2015 bear market. Kwuckduck and Falllling were making these type of bearish threads all the time back then. The price was at it's bottom and was around $200 - $300. They missed out hugely, and usually these threads point to the bottom being near. The reversal will probably be happening soon. We will never see $3k again, and if you try to wait for these prices you will miss out. Take these bear threads with a grain of salt, and just know that they point to a bullish outlook.
6  Bitcoin / Bitcoin Discussion / Re: Can too many Altcoin's can become a threat to bitcoin's existence on: September 19, 2018, 06:57:27 AM
Nope. Just see the current scenario Bitcoin dips a bit, altcoins dip a lot only strong will survive.

Exactly, this trend tell us everything and what we exactly needed to do.

Altcoin being a threat to bitcoin is just an ambitious move of every altcoin as they're all dreaming that one day they will be on top. Nonetheless, no one will and ever replace on where bitcoin is. The fact that even a lot of bitcoin fork coins were born, trying to imitate what bitcoin had, they even won't touch the bottom of bitcoin.

Don't get confuse with altcoins, they were like a rotten ones in crypto sphere.


The argument that Bitcoin naysayers use is that Bitcoin is worthless because there are thousands of other coins out there that can be created. Peter Schiff tries arguing this point a lot. Erik Voorhees had the best response to it, which is, sure you can copy and paste the Bitcoin code and make thousands of crap coins, but you cannot copy and paste the community, infrastructure, and development team that supports Bitcoin.

So no OP, no other altcoin can threaten Bitcoins existence. Bitcoin will always be ahead because it is the reserve currency of the crypto space. It will eventually become a reserve commodity for the world. Governments will eventually be buying Bitcoin to hold in their reserves. Bitcoin is far too secure, and the network is far too large for another coin to take over. Nothing can replace Bitcoins killer app of being the most secure store of value outside of any third parties control.

Also, shouldn't this be in the altcoin discussion board? I could be wrong, maybe it fits in Bitcoin discussion since it isn't about any particular altcoin.
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: market conditions are destroyed. on: September 18, 2018, 04:43:14 PM
I would tell you that the cryptocurrency market is not so profitable as we all think. The principle is that you need to have time to go into it and get out on time.

It's not very profitable right now because we are in a bear market. It's hard to make money in a bear market, but it's really easy to make money in a bull market. The only market that could be destroyed is the crappy small scam altcoin market. I don't think those will ever recover, and only the main big altcoins will survive. Only time will tell.

The best way to make money in a bear market is to buy as much coin as possible and hodl.
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: This is when I bet all into cryptocurrency on: September 18, 2018, 04:40:58 PM
Bitcoin for some reason refuse to go below $6000. It is no brainer that the price of bitcoin will higher in the next decade but bitcoin fluctuations could kill you if you attempt to trade it. My advice would be divide your capitals into portion and just buy a bit of bitcoin every month.

I have been thinking the same thing, Bitcoin has bounced off of the low $6k range so many times this year, seems to be very strong support at those levels. Hopefully this support holds, but if it breaks we potentially could see a much longer bear market. I'm honestly thinking the SEC decision on sept 30 for the Vaneck ETF will play a huge role in whether or not the market will be bullish or bearish over the next year.
9  Alternate cryptocurrencies / Speculation (Altcoins) / Re: From 150 - To 15 000 $ - ETH (speculation) on: September 18, 2018, 03:23:13 PM
I do not think that the price will grow very quickly ! I think that it will grow smoothly and in any case it will overcome the mark of $15,000
It is difficult for a coin to grow smoothly because the market always has a certain cycle. If the ETH price does not increase rapidly, it won't reach $15,000 in next 10 years.
For that, if ETH will launch Etherium 2.0 with improved scalability by sharding and Plasma, limited max supply and masternodes - $15К price will come true.
 

I don't believe Ethereum will ever hit $15k, this is just a pipe dream. $15k per coin pegs the market cap of Eth at over $1.5 trillion. Bitcoin can surely hit this number, but Eth will have to live in it's shadow. ETH could maybe top out at $3000 USD but not much more than that. I just hope ETH recovers, because honestly it may never recover too. There are a lot of different outcomes for ETH, not all are bullish. The news about the breakthrough in sharding does give me some hope though, I was starting to think sharding was vapor ware.
10  Economy / Services / Re: [OPEN] 🔥IOU Signature Campaign | Member - Hero | 0.0007 BTC /Post 🔥 on: September 15, 2018, 04:55:22 PM
I am ok with the new rule change, hopefully, the campaign could be extended as well. 20 posts per week is still pretty reasonable.
11  Bitcoin / Bitcoin Discussion / Re: New Survey Shows 80% Of Americans Have Heard Of Bitcoin on: September 12, 2018, 03:22:52 PM
Here the question is already worth raising: who has not heard about bitcoin? These 20% who have not heard most likely live in the deep wilderness and they are not interested in the news. My grandmother in Ukraine knows about "Beethoven" So there is nothing surprising in the growth of popularity of cryptocurrency. Since last year it was well covered in the media.

The remaining 20% are probably the elderly or people in rural areas without an internet connection. I do think there is still a relatively high amount of areas in the US where you cannot get a fast, reliable broadband internet connection. What I am more interested about is finding out how many people in other countries have heard about Bitcoin. I wonder if it was as popular in other countries like it was here in America.
12  Economy / Speculation / Re: What happens if Satoshi dumps his coins? on: September 12, 2018, 03:13:13 PM
OP there isn't enough liquidity in the Bitcoin market for Satoshi to dump all of his Bitcoins. He would completely clear out the order books and still have a lot of Bitcoin left over.

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

i think the bigger question is what would happen if early satoshi coins moved at all. to some extent, i think the market believes the satoshi coins are lost or otherwise won't move and has therefore priced that in. i could see panic ensuing over this, and whales from the early days bringing supply to the market. if even satoshi is selling, that puts a damper on the idea of hodling! Cheesy

as an aside, nobody really knows how many coins satoshi mined. we assume that he was the only miner for many months, but we don't actually know. i wouldn't be surprised if some estimates (like yours) are exaggerated.

The estimates for Satoshi's coins are definitely exaggerated. Satoshi wasn't the only early miner, as basically everyone in the cypherpunk community knew about Bitcoin because of the mailer he sent out. I'm sure some of them participated in mining to try Bitcoin out and see how it worked. IIRC Laszlo was also an early miner.

First question, how do you know that he have 980000 bitcoins?? then why would he do it, bitcoin is his project, he wouldnt like to see it going to nothing. If he wants the cash he probably have been selling in small portions in order to get some cash and not dump bitcoin that much, so its unlikely to see that happen.

It's just an estimate based off of how many early blocks that were mined without the coins themself moving. Satoshi has never touched his coins so far, so everyone assumes all of the early blocks are his because the coins haven't moved yet. I don't think this is the case, and I do think the amount of coins Satoshi holds are less than these estimates.
13  Bitcoin / Bitcoin Discussion / Re: What will happen if Bitcoin gets official permission from the government...??? on: September 12, 2018, 06:05:29 AM
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?

The government cannot do this. there is no backdoor in Bitcoin or no way for them to control the network unless they had 51% of the hashrate, which is incredibly unlikely due to the cost of production of ASICs and the limited resources available. The government would have to crack down on their citizens and restrict their freedoms in order to control the network by making mining illegal (think new world order type stuff), and we would have much bigger problems if this were to happen. And if they were to do this the only thing they could do is to not accept certain transactions into a block. They wouldn't be able to do much more than that.

This scenario is so infeasible it's not worth worrying about.
14  Economy / Speculation / Re: What will be the maximum price of bitcoin in your opinion. on: September 12, 2018, 06:01:43 AM
People keep talking about 1 million dollar price valuation for bitcoin but you are forgetting one crucial information for such price ; the market cap. If bitcoin reaches one million dollars per bitcoin than the marketcap of bitcoin will become 18 trillion dollars give or take. 18 trillion dollars is more than nasdaq and nyse all combined, you can even put up like 10 other big country stock exchanges on top of those two and still won't have enough to reach that market cap. I am sorry but I do not believe that is remotely possible. Bitcoin can't go bigger than 10 biggest stock exchanges all by itself. At least not right now, can it be one million dollars when devaluation of fiat gets to insane levels? Maybe. But not right now.

Fair point, but as we all know market cap is not an accurate measurement for cryptocurrencies. The more accurate way (IMO) of determining the Bitcoin price upper limit is the block reward.

For example, 10 years from now the block reward will be  1.56. if the price were to be $1 million per coin, that means there would be $9.3 million dollars of inflation per hour. This works out to $224.6 Million per day, or to a comically high $82 Billion per year. $82 Billion would need to be entering Bitcoin every year in order to maintain a price of $1 million per coin. This isn't very viable, so the upper limit of the price is probably a little bit lower than this. This, of course, is assuming Bitcoin would hit $1 million after 3 more block halvings, in 2028. This also assumes that miners would sell 100% of their coins too which is unlikely, as they would likely only sell a small percentage of their earnings, depending on the cost of mining of course.

Who knows, this price could be possible, but I just don't know if there would be $82 Billion/year worth of demand for at least 4 years to maintain the price.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: An interesting article for those who care about the fate of the Ethereum. on: September 12, 2018, 05:38:53 AM
Since 2009 by bitcoin, the market started. Since then other currency like eth has also mark their name. It has a bright future and it will not disappear for simple reasons. Besides ethereum, there are other alternative currencies are also available in the market.
but this time it looks so different consider a lot of people are changing their portfolios to the USDT to secure their Money. if there will be a huge jump and this will attract them all to buy and more altcoin again.
Maybe this just temporary but this is enough to give a lot of impact to the investors about the crypto currency.

Where have you heard that there are many people selling into USDT? I haven't heard of this, I've actually heard quite the opposite. Many investors don't want to touch anything to do with USDT. It is far too sketchy, and there is no concrete proof that the "evidence" tether provided for the USD backing USDT is actually money for USDT. Also, the fact that no audit has successfully been done is especially damning.

I don't think that there are a lot of people holding USDT currently. I'm sure there are some, but if you hold USDT I strongly advise using a different stable coin or better, just hold Bitcoin.
16  Economy / Speculation / Re: Big pop up again on: September 12, 2018, 05:30:58 AM
The steady, lazy and low bitcoin price movement can tell us all that the bearish market is not yet over.
It's not yet over though bitcoin dominance is increasing. The last time I saw it was only around 53% now its up by 56% and is still increasing.

It sometimes frustrates me to see how long the market has been into this trend that is why i just want to stay away from the market or listening to someone else's predictions.
Better to stay away for awhile and get back again if there's something interesting and a sign that bull's coming and the bear's out.
The opportunity to pile up there bitcoin wallet whenever the price seems to dump. Those whom don't seems to cease opportunities goes into whining about the price. Don't be suprised if it's the government that keeps on manipulating price so they can stock up their wallet. For their own benefit, they may be the 'whale ' investors we keep talking about.


I don't think there are governments manipulating the price. Bitcoin is far too speculative for them to be trying to manipulate it just to load up on reserves. However, I do believe there is some manipulation in the markets by huge corporate entities.

The news about Goldman Sachs abandoning a Bitcoin trading desk was apparently "fake news" according to their CFO (if I recall correctly), I seriously think this was an attempt from someone associated with Goldman Sachs to artificially deflate the price. This was just a strange situation in general.

Always load up on these dips, do some cost averaging!
17  Economy / Speculation / Re: Anybody thinks insiders did not Short before the Goldman Sachs news? on: September 11, 2018, 03:45:38 PM
I have heard a bunch of different news now being pointed to the latest dump, including:
-Satoshi coins moved

I have not heard of this?? Is this true? I doubt this is true, the market would have reacted way more violently if Satoshi coins moved. Where did the news for this come from?

If his coins really moved than this is a huge deal, but I just checked the first few blocks and it looks like they are still there. Is there definitive proof that coins that were moved came from a satoshi address? I thought the $1 billion worth of coins that moved came from a silk road address?
18  Economy / Speculation / Re: Bitcoin possible price on the last quarter of 2018 on: September 11, 2018, 03:41:01 PM
It's already 'ber months, i really believe that this is the perfect time for bitcoin to pump up like old days, it is possible that bitcoin price will pump around $15000-$20000, so stay still and hold your BTC.
the realistic options are either $10k or $15k, anything between that is realistic, anything above or below that is just pure speculation at this point and we can't know if it will hit them at all. So, I am going to just say it will be about $9.5k levels when the year ends, that is just my guess though, maybe it will be $25k and I still won't be shocked for that, it is bitcoin in the end and it always makes this drastic change and goes into a direction like a car without brakes.

I think the best option here is to react when there is a 4% or so change to a direction assuming it will keep going on that direction for a while. Regardless of where we are going to end up this year, it would be better to make use of the current dips and who knows this might be the last ever chances to buy bitcoins for below $7k levels.

I don't think this is our last chance to get Bitcoins under $7k. This is the 5th or 6th time we have bounced off of the low $6k range over the course of 2018. There is strong support at $6k, but the price keeps trying to break that support. I do think that if the Vaneck ETF is denied the support will be broken by panic sellers and we would be headed into a crypto winter for the rest of 2018 and possibly 2019. I think a more realistic price for the end of 2018 is $7000 - $8000. Of course if the ETF is approved, with the hyp in the market it may be enough to keep us at around $10k by the end of 2018. We will see what happens on sept 30...
19  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why is Dropping the Ethereum price? on: September 11, 2018, 03:36:40 PM
Ethereum is not a shitty altcoins so this question is bullshit, I have no doubt that it will rise so much after this bear market ends. ETH is one of the best coins.

I hope you are right but compared to Bitcoin which is 70% down Ethereum is about 90% from ATH
That's right because the only thing that prevent bitcoin to be dumped more than altcoins because it can be considered as the best crypto to store our value while at the same time so many people are using altcoin to become money machine. Look at the market and it looks how it works today. people consider altcoin as the place to make money.

The altcoin market can't last forever. Especially because it's a zero-sum game. Bitcoin is great as an alternative to gold, that is it's killer app. It is unable to be influenced by state actors and it has a finite amount of coins. This is good for storing value during macroeconomic and geopolitical uncertainties. Altcoins really don't have a use besides making money, as you say. Whenever you make money in altcoins, you are making the money that someone else has lost. That is zero-sum. Eventually, people won't be able to make money with the altcoins anymore and they will just sell them off until they are 0. Who knows, maybe that is whats happening right now.
20  Economy / Speculation / Re: Bitcoin prices predicted to hit $96000 in the next 5 years on: September 11, 2018, 03:30:24 PM
There have been people predicting BTC will be $0 or $1,000,000 in the same time frame, these are all wild speculation with no real basis. You cannot simply extrapolate forwards from the 2017 bull run as that was an outlier that is not likely to be repeated again. Odds are it will stay roughly where it is for now until there is REASON for growth, which doesn't look too far away with lightning coming.

Lightning is live now, the network is continuing to grow, there is positivity bubbling up for Bitcoin. The altcoins are likely going to die, ETH is showing signs of this right now. Since Bitcoin has relatively low liquidity, the potential for a bull run similar to 2017 is still there. I think that the decision the SEC will make on sept 30 for the Vaneck ETF will be a driver for what the end of 2018/2019 holds for Bitcoin. A lot of speculators are waiting for an ETF (been talking about it since 2014) and the Vaneck/Solidx ETF seems to be the most promising proposal so far. The SEC commissioner is also pro Bitcoin ETF. If it gets approved that could cause enough hype to end the bear market and start the reversal. However, if it gets denied, I'm pretty certain we will see large panic sells that will drive the price down and into a crypto winter.
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