Has anyone noticed that the price of BTC and ETH (which seem to be correlated) always goes down on a Friday, down more on a Saturday, then down to a low point on a Sunday before steadily climbing Monday to a high on a Thursday?
I have a theory that people need BTC on weekdays to get their drugs on Silk Road onion site so demand is higher through the week as they procure their powder for the weekend activities. Everyone is sorted at the weekend and you can't get anything in the post on weekends so demand for coin goes down. Until Monday, Tuesday, Wednesday and Thursday.
This is a definite pattern and I've seen it happen for weeks now. Every week it's the same and it's already dropped really low today (Friday).
If this pattern is true then there are short term strategy gains to be made by purchasing loads on a Sunday afternoon and offloading them on a Wednesday night or Thursday morning. This is particularly noticeable with ETH with low/high ratio as much as 65%
The price of BTC on several occasions has dropped a bit on weekends. It might be because of a couple of simple reasons. 1. Obviously it is weekend, people would prefer spending quality time with their family, relaxing, having some fun rather than trading bitcoin. 2. Miners covering their mining costs by selling bitcoins. 3. Banks are closed on weekends. People who want to buy bitcoins through bank transfer wouldn't be able to do so on Sundays. I don't think Silk Road activity is relevant in this context. |
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do you even know what "flipenning" means?
Say me, please. Flippening refers to the moment when a cryptocurrency other than Bitcoin exceeds Bitcoin's market cap, thus flipping the mainstream cryptocurrency from Bitcoin to something else. It's an acknowledgement to the investment success and a nod to the potential investment future of the cryptocurrency world. Most think Ethereum will surpass Bitcoin in market cap. Keep in mind that Ethereum is not a competitor currency to Bitcoin (although a lot of people and the news think that it is, incorrectly, all the fucking time.) Ethereum is not a monetary currency...it's token's value is for processing power for their blockchain platform. Hope this helps. Exactly. Fippening is calculated based on market cap. Now apart from cryptocurrencies if you add an asset like gold to compare if bitcoin is fippening gold then no. Price of one bitcoin has surpassed price of one ounce of gold, but the market cap of gold is $8.2 trillion while bitcoins is $41 billion. Bitcoin has flipped silver. |
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Even the blind can see that crypto Currency is making people millionaires all over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.
No, it is not too late to buy bitcoin. Its market cap is only around $42 billion now, still a long way to go. No one can exactly predict if bitcoin price would increase or decrease after August 1, but IMO the fluctuation would not be too much. If you are considering bitcoin as an investment tool then the current price or the price after August 1 is irrelevant. You should take bitcoin price into consideration only if you are looking to make short-term small profits. Otherwise just invest and wait. Never invest more than you can afford to lose. |
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Nobody owns a "master key". This isn't a bank. Please read more... There's a Bitcoin wiki where you can start. yeah that's what I am telling , since nobody owns the masterkey how could the government ask for a masterkey? Morgan Stanley recently made a statement about blockchain master key They want regulators involved so the blockchain can be `adequately´ controlled. “Regulators are looking to have a master key so all transactions are visible to them,” the bank noted. Bitcoin is an open source protocol, no such thing as master key exists which would give power to a single entity to control the whole network. People who believe a master key exists are either too dumb or clueless about how bitcoin works or they are just fooling around hoping that such a thing would exist or they are simply convincing themselves that they would be able to control bitcoin network with an imaginary master key. |
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I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
I just read an article, China’s Central Bank Not Backing Bitcoin as Currency Bitcoin does not have the fundamental attributes needed to be a currency as it is a string of code generated by complex algorithms...But I do not deny that virtual currencies have technical value and are a type of asset. Now the complex algorithms generate a string of code, or token, bitcoin specifically. Currency is simply a token used as money in a country, these tokens include fiat currency, asset backed currency, commodity backed currency and the latest addition digital currency. Since bitcoin is not printed like fiat, nor it has a physical use like gold, it does not mean it lacks fundamental attributes to be a currency. Right now people are using it as a speculative asset, but when more people start using it as a token of money, it would be a currency. Its potential is just not restricted to being an asset or commodity. https://cointelegraph.com/news/chinas-central-bank-not-backing-bitcoin-as-currency |
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Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?
I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10
Is this about blockchain split or splitting bitcoin, but in both the cases 1 BTC would never be equal to 100 BTC, 1 BTC = 100,000,000 Satoshi. By splitting bitcoin you are not increasing the quantity, you are just splitting the quantity into smaller fractions. If bitcoin reaches $10000 then price per satoshi would be $0.0001, it is the same, nothing complicated about it. It would always be calculated as how much BTC has gained on dollar rather than how much Satoshi has gained on dollar. |
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bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
Yeah, bitcoins volatility is the main reason people are shying away from using it as a medium of exchange. Right now bitcoin is being used as a speculative asset, but once bitcoin gains more user base and the market cap increases then bitcoin would become much more stable. Maybe in the next few years it would be used as a viable medium of exchange, but that doesn't mean that it would replace conventional currency. |
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How can we solve the problem with Clipboard Hijacking, without having to advise people to update their Anti-virus software? Here is a typical example : https://bitcointalk.org/index.php?topic=2005574.msg19966919#msg19966919 of once such an event. I know some Anti-virus companies disable the Copy/Paste option in a secure browser for all HTTPS sites, but this is not the ideal solution, because you then have to type out the Bitcoin address and this will cause more problems with people making typo errors and losing their bitcoins. If you want to add to the discussion and only suggest that the Anti-virus must be updated, then please rather move on to another thread. This is not the answer we are looking for. We have loads of talented developers out there that can solve this problem. What do you suggest? There is an extension in Chrome "Kill evil" to prevent clipboard hijacking. Prevent printing, selection spying, unwanted tabs, etc.
Mercilessly removes or disables the following annoyances on all pages (except those you whitelist):
oncut/copy/paste (another way pages can try to interfere with your clipboard)
WARNING: this extension is a blunt instrument. You may need to use the whitelist for pages that it breaks. If you're installing it at all, I assume you know what you're looking for and understand the implications.
https://chrome.google.com/webstore/detail/kill-evil/epieehnpcepgfiildhdklacomihpoldk/relatedIn Firefox, you can add Noscript add-on to disable JavaScript or by disabling clipboard events, https://addons.mozilla.org/en-US/firefox/addon/noscript/I think Adblock Plus can also prevent clipboard hijacking to some extent, but would not work on an adblocker website. The safe bet is to just keep the antivirus up-to-date. |
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Hi all . I have couple of ideas that I think is good .I not have the money or the skills (programing etc ...) to develop them .So is there any trusted place/one that i can offer them my idea and if they like they buy it or put it in work and give me % something like that.
Thanks in advance.
Ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.
Explanation:
AWFUL IDEA = -1
WEAK IDEA = 1
SO-SO IDEA = 5
GOOD IDEA = 10
GREAT IDEA = 15
BRILLIANT IDEA = 20
-------- ---------
NO EXECUTION = $1
WEAK EXECUTION = $1000
SO-SO EXECUTION = $10,000
GOOD EXECUTION = $100,000
GREAT EXECUTION = $1,000,000
BRILLIANT EXECUTION = $10,000,000
The most brilliant idea, with no execution, is worth $20.
The most brilliant idea takes great execution to be worth $20,000,000.
That’s why I don’t want to hear people’s ideas.
I’m not interested until I see their execution.
https://sivers.org/multiplyIf your idea is good and can be executed in a good way then you will get paid for it. Even ideas are not patentable, it is the outcome, execution of that idea, be it a new business model, machine, instrument, or invention which is patentable. Since you don't have the capital and programming skills to execute your idea, you are justing expecting someone to pay for your idea without seeing a working model of it, I don't think it would work. The best option would be to create a small replica or app of your idea, promote it and prove that there is a demand for it and you will find investors willing to invest in your concept. Yeah you would have shell out a few bucks for it. |
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Previously i am working with Btcxindia but now they closed bitcoin. Igot which is fraud and now bitlio. Zebpay bad support as i read in thread.
Which exchanger should i use with best support.
I have never tried Coinsecure, but has been using Unocoin for about three years now, awesome service and a good support system. Lately I have been using Zebpay also, yeah there have some threads in this forum regarding their lack of support and high fee. I have not faced any issues so far, they also have lowered their fees. Based on my experience and customer support, I would recommend Unocoin. You can also try Zebpay and Coinsecure. |
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Antifragility is a property of systems that increase in capability, resilience, or robustness as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. It is a concept developed by Professor Nassim Nicholas Taleb. https://en.m.wikipedia.org/wiki/AntifragilityThis is an old article from 2014, http://radar.oreilly.com/2014/02/bitcoin-is-an-open-network-that-exhibits-resilience-and-anti-fragility.htmlAndreas Antonopoulos explains that bitcoin is an anti-fragile network which not only resists attack, but gets stronger through exposure to attack. It is true, DDoS attacks, spam attacks, noise created by the media/individuals to criticize bitcoin, scaling debate and high fee has been a stressor for quite some time now, and then the ever changing volatility, but still even after all these bitcoin is going strong, a good example of antifragility. 1. Bitcoin is anti-fragile because of blockchain technology, but if I am right there have been altcoins created using blockchain technology that failed miserably. Why didn't these exhibit antifragility? 2. Bitcoin with the course of time on its own has developed anti-fragile properties. Not removing the blockchain aspect, but taking point one into consideration, popularity, increasing user base, more countries recognizing bitcoin, this is what makes bitcoin different from alts that used the same technology, but failed. Do you think blockchain technology or bitcoin is anti-fragile? PS: I don't want to sound stupid, blockchain technology is the core of bitcoin, but apart from its technology, does user base, popularity, going mainstream, mass recognition contribute to its antifragility? |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
Is it possible to control bitcoins volatility? No, since bitcoin is decentralized, it is free market, no central authority can artificially control the monetary base of bitcoin according to supply and demand and thus make it less volatile. Would bitcoin attain price stability in the next few years? Yes. Bitcoins market cap is still small so even a small percentage of trading volume can have a much bigger impact on the price. As more people start using bitcoin and the market cap increases to the point where the price becomes immune to pumps and dumps, the market would stabilize on its own and we would have a stable and reliable currency as a medium of exchange. |
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We all know that there is a hard limit to the number of bitcoins that could ever be minted. That limit is almost 21 million BTC (minus a few Satoshis). Long term holders hope that this limit will cause the values of their coins to go up considerably due to increasing demand.
However, there is no limit to the number of shit coins that can be invented. In fact the ETH shit coin now has a market cap that is of the same order of magnitude as BTC. Furthermore it is an inflationary coin.
If many people move their capital to these alts won't this negate the benefits of the 21 million BTC limit for Bitcoin holders?
Scarcity value is the economic factor that increases an item's relative price based more upon its relatively low supply. Bitcoins are divisible so fixed supply or a huge increase is not going to be a big issue. Right now bitcoin is a speculative asset. A few economists have predicted that bitcoin price would reach up to $100,000 in the next 10 years, now this is backed just by speculation. Cornering the marketIn finance, to corner the market is to get sufficient control of a particular stock, commodity, or other asset to allow the price to be manipulated. Another definition: "To have the greatest market share in a particular industry without having a monopoly".
Speculative attackA speculative attack has much in common with cornering the market, as it involves building up a large directional position in the hope of exiting at a better price. As such, it runs the same risk: a speculative attack relies entirely on the market reacting to the attack by continuing the move that has been engineered for profits to be made by the attackers. In a market that is not susceptible, the reaction of the market may instead be to take advantage of the price change, by taking opposing positions and reversing the engineered move. Now a currency or asset backed only by speculation is prone to cornering the market and speculative attacks, pumps and dumps and in the long-term events like these has the possibility to negatively impact bitcoins market. Like I said, fixed supply would never be a hindrance to bitcoins growth, but driven only by speculation will be, technical and price stability is a necessity if bitcoin needs to stay on top. |
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I recently discovered split address on www.bitaddress.org, but I am not sure what this actually should be. Basically you have one public adress and can choose how much "shares" (I assume those are priv keys, they look like it) are generated and how much of those are required to send from the address. BUT, the public address is f.e. 14DMsSty9S6M51Bxh3X2ZiFhRvdfNhXAjV, why is that? I thought multisig adressess always start with a 3? Is the 3 at the beginning only optional? As the name suggests, split wallet splits the private key into different shares. It is an older version of multi-sig. You can share the different parts with different people and later based on the minimum share threshold needed to combine, different shares can be combined to get the whole private key. Yeah it does not start with 3, but still valid. I would not recommend using bitaddress. Instead of using split wallet, just generate a multi-sig address. |
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According to Antony Antonopoulos, Bitcoin isn't a democracy, some people call it cypherpunk or crypto-anarchy, https://youtu.be/TC3Hq76UT5gI don't think Bitcoin is a democracy - rather it is a flat, network-based, collaborative system of super-majority consensus among five constituencies (users, developers, exchanges, merchants, miners), which makes change very difficult. It is a radical decentralization of power. Some people call the politics of this system "cypherpunk," "crypto-anarchy," and other words we don't yet have. Is bitcoin a meritocracy? It is holding of power by people selected according to merit. They wield the power. Rodolfo Novak: Bitcoin is a true technical meritocracy. Cry/Kick/Scream as much as you like, but if your shitty code & ideas aren't good they wont make it Is bitcoin a plutocracy? It is the holding of power by the wealthy, elites. Is bitcoin anarchy? It is absence of government and absolute freedom of the individuals al, regarded as a political ideal. Your definitions are really heavy, and going by the vote decision every one agrees it's should be looked at an investment, and I really don't understand why you feel like that, I feel you should simply use it like a investment rather than anything else, you are confusing Bitcoin and democracy and I don't think it's right to do so. Maybe you need to look at your concepts I wasn't trying to literally connect any political ideology with bitcoin, I was just trying to figure out if the working model/base of bitcoin could have any similarities with any political systems and it does have, developers and miners make it meritocracy, elites could disrupt the market if and when they want to, plutocracy, and being decentralized makes it similar to anarchism. Someone even mentioned monarchy  That's what most of the people are doing, simply investing without even wondering how it works. |
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We have just sat down to start developing a service that is very simple. Well, it will start simple. The site/service will provide a single serialized ID for a small fee. That ID can be anonymous, something like XXXX788XXX or personalized, morantis7788 or identity linked, johnsmith889.
The site will provide the ID and explain the process of adding it to a TX. This is much simpler than using PGP sigs and each ID will have its own page on the site, listing the history and TX's that have used that ID.
In the beginning it can simply be used as a type of tracking spec and/or to associate an individual with TX's. You can tell someone to include it in the TX they are sending to you and that history starts being built.
The is the base service that we will be working into a type of credit score service for Bitcoin users. Rather than use a block explorer to see all the movement on a single wallet, the ID can link multiple wallet addresses, services and whatever the user needs it to do. Then, as the history develops, the ID page willl tel the story of how the wallets, accounts and funds were managed by an individual.
Thoughts are appreciated and welcomed.
The concept is good, this ID is like an digital or online identity, right. There is Keybase for proof-of-identity, but I guess you can only link one address, but this website would enable an user with multiple addresses to display specific transactions on their page using an anonymous ID, awesome. Majority of bitcoin users prefer multiple addresses for privacy or safety so from a privacy point of view, do you think users would be willing to make all their transactions available on a single source? Yeah this concept is definitely good for building trustworthiness/credit score and tracking the bitcoin habits of an individual. Maybe based on the credit score, the quantity of bitcoins transacted, the quantity of transactions per day/week, an user would be able to build trust in an anonymous environment and avail loans or use it for other purposes. Maybe I am over thinking, but yeah this concept is definitely interesting. |
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...
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Bitcoin is gradually being used in the travel and tourism industry, more options for booking tickets to accommodation are now available through bitcoin, but still there are many services a traveler might be not be able to get using bitcoin unless you are in Japan. Using bitcoin instead of cash or cards for traveling has a lot of advantages, no need to worry about misplacing/theft cash or card, avoiding card fraud, no exchanges. Hassle-free traveling experience. Yeah, bitcoin can be used as a back up if you end up losing cash or card. |
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Hi everybody, This was unexpected...in a very good way. The juxtiposition between present day real on-going science and working on sending humans to Mars with the imagined 2027 ... and that brings up a really interesting question .. How soon will the first humans actually land here? We're going to land on Mars in 2027 and the reason is this man is determined to make that happen. His name is Elon musk, he's the CEO of Tesla Motors and SpaceX. okay guys, now You've got to ask yourself, can this guy really do this by 2025 or 2027? I think Yes we can  I think there are really two fundamental paths. One path is we stay on Earth forever, and then there will be some eventual extinction. The alternative is to become a space-bearing civilisation and a multi-planetary species. There will be movies, lecture halls, cabins and a restaurant. It will be really fun to go. You are going to have a great time. Elon Musk Elon's idea of colonization of Mars sounds cool, but a bit too ambitious, perhaps plausible. There is a lot of politics involved in space exploration. Now the focus has shifted from colonization of the moon to Mars. Both have cosmic radiations, but in terms of gravity, Mars is more like earth so rather than trying to establish a colony in moon, directly exploring Mars makes sense. Apart from NASA and Elon Musk there is Mars One project also (privately funded) The Mars One organization has proposed to land the first humans on Mars and establish a permanent human colony there by 2035. Mars One's original concept included launching a robotic lander and orbiter as early as 2020 to be followed by a human crew of four in 2024 and one in 2026. A total of 1,058 applicants from 107 countries were selected. https://en.m.wikipedia.org/wiki/Mars_OneThere is a possibility that there might be life on Mars, aliens. In the next few years we may come to know more about this. |
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As he is continue to intorduce more projects and scam more people in the name of BitCoin, I request you all to sign this petition asking the Commissioner of Police, Delhi to arrest Mr Amit Bhardwaj and make him compenstate all those he has scammed. Compensation AND ... I just signed the petition, got only 57 supporters, but still it matters. This thread has been open since April 2016, but still people are falling for this cloud mining scam. The guy from Kerala met Amit in 2015 and yet got scammed and just yesterday Hindustan Times ran a full-page advertisement for his e-book without any background check. Hope the government shuts down gainbitcoin. |
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