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101  Economy / Speculation / Re: What price you expect bitcoin by 30 September? on: October 01, 2017, 03:27:19 PM
So we are finally past the 30th of september date, and nothing has changed. We broke past the $4100 resistance and we have held above it easily. The 30th date was irrelevant as predicted by all the smart money, we only have seen a small dip which probably was a bunch of newbies thinking this date is still relevant.

We are now recovering from said dip and sailing towards $4700 as the next resistance to break, then $5000, and then a pop all the way up to $6000-$7000 before next year.
102  Economy / Speculation / Re: BTC ban is just Gold ban reloaded on: October 01, 2017, 02:51:20 PM
Maybe history is failing me, but I think the gold ban was worst since the government got the gold for themselves, and with the ICO ban and the exchanges suspensions, the government didn't really kept anything for them. Also it wasn't really a ban on bitcoin, but again, if they do that, they can't really confiscate bitcoins from users.

I think centrals banks are a little scared, because they can't really control BTC, and all the options it provides to users. I'm not entirely sure if they don't own some decent amounts of BTC, or if they wont actually do it. Most of them wont make it illegal I guess, they will just try to find a way to profit from it, like regulating exchanges and charging taxes from those that own BTC, as they already do from those that own gold.

I have no doubt that an US government ban on Bitcoin will happen. It has already happen in China. The ban is not indeed about possession of Bitcoin, but I think that it is only a matter of time that both China, US and probably Europe too, put bans on both exchanges and possession itself of bitcoin demanding that people deposit their Bitcoin on government controlled addresses. Of course it's pretty stupid since most people will not do that but I can see a price crash.

The good news is that after the price crash they will have nothing to scare people away from bitcoin anymore and it will keep going up without nothing to stop it.
103  Alternate cryptocurrencies / Altcoin Discussion / Re: Swiss regulators crack down on ICOs, might be guilty of 'terrorist financing' on: October 01, 2017, 02:27:29 PM

More countries will follow. Ultimately a good thing, but will make the Alt market a bit tricky to maneuver in until this all plays out.

http://www.businessinsider.com/switzerland-ico-crackdown-2017-9



And just as expected, the bitcoin price didn't even move. Notice that recently we saw other countries like South Korean releasing the so called crackdown on ICO's, and the price is thriving and reaching new highs everyday since the big Chinese ban crash. The market simply doesn't give a damn about governments banning ICO's anymore. Hell, im actually hoping that a government bans bitcoin again just to see how less impact it ihas s compared to China.
104  Bitcoin / Bitcoin Discussion / Re: I stll don't know what to do with my Bitcoins... on: September 30, 2017, 01:51:30 PM
Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

Just hold it. If you can buy crap with fiat, then use fiat. Quality money is hoarded, not wasted, to the contrary of what some people think.

The only real use cases for spending BTC is when you need privacy, like buying an VPN subscription and whatnot. Other than that, there's not much point to it to be honest. But of course, the more merchants you have the better.

If you really want to spend your BTC, you can go to Japan, ive heard a lot of merchants accept it there.

105  Bitcoin / Development & Technical Discussion / Re: bitcoin address question on: September 30, 2017, 12:55:30 PM
That "Birthday Problem" only partially applies here.
There can never be more than 2099999997690000 addresses that have any value stored in them at any moment in time.
Ha, that's cool. I never thought about the actual money supply. So Bitcoin is safe from the UniverseAttack™ by design.

That is the theoretical upper limit. In practice >3.000.000 bitcoins are permanently lost in addresses, that contain lots of bitcoins. And the biggest addresses eg. coldfinex exchange has over 100.000 coins in it, and exchanges are probably always going to have lots of coins in same address.

Just trying to say, that there will always be a lot less addresses with balance than the theoretical upper limit.

Or who knows. Maybe bitcoin value will someday get so high, that we will have to divide bitcoins to even smaller parts. How about 0.001 Satoshi = 1mS

If the Bitcoin price ever reaches an insanely high price enough that the 8 digits aren't enough, we could keep creating more digits. So we would have 0.000000001. I just don't know if this change would require a hardfork or not. Also the price would need to be sustained for it to be worth the change.
I don't think we'll need to worry about that anytime soon anyway... 1 satoshi is worth 1 Venezuelan dollar according to LocalBitcoins tho.
106  Economy / Speculation / Re: BITCOIN = 5000$ THIS 2017? on: September 30, 2017, 12:25:47 PM
It's posible for bitcoin to hit 5000+  before this year ends. Bitcoin has alot of posibilities for this year. And as always the market is just going up and down (mostly up).  Bitcoin's is getting more famous also the demand is getting higher.

Many bitcoin user expected that one.My opinion about this Speculation is it will reach the value of 5000$ at the November itself. No need to wait Upto the Year end at all.Now the price of bitcoin is reached the value of 4259$.So now it's value again start to raise.

It's pretty much confirmed right now that BTC is going to re-test $5000 again, and I believe we are primed now to cross that barrier, maybe on the first try, but on the second try im sure we will get the job done. We will see $5000 before November, the only chance of this not happening is if something stupid happens like Trump banning bitcoin or something.
107  Economy / Speculation / Re: BTC is about to crush major resistance points (very bullish) on: September 29, 2017, 03:56:54 PM
Your forecast is very accurate and I  think we have resume another bullish market and this time around we may go as high as $6,000. The key resistance level was broken yesterday and we may  actually see a push towards $4,650 by early next week. I think now is the right time to buy and hold till we get to $6000 Fibonacci  extension level. I also believe that the Chinese regulatory agency news of banning bitcoin tomorrow is not going to affect us as rumors has already influence bitcoin pricing since last week.

The technicals are pretty clear right now, but the fundamentals are also looking bullish at least until november.

My thesis is that people are going to FOMO to buy bitcoin in order to receive the free money from the forks that are coming soon (Bitcoin Gold in 25th October and Segwit2xCoin somewhere in November).

So it is very convenient to be holding BTC before these dates, which is why I think we will see an all time high before 25th October. Remember that if you are not holding the coins in your own wallet, you will not receive the coins on the forked chain.
108  Bitcoin / Bitcoin Discussion / Re: Is it possible to withdraw huge amounts? on: September 29, 2017, 03:23:25 PM
Hello everyone,



I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.

If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?

Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?

I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.


Cheers.

Most exchanges are going to have limits on the amount of Bitcoin you can withdraw. You have to check these things before depositing any coins on the exchanges.

I would say it's impossible to withdraw big amounts without disclosing your full information (so I would expect a scan ID, address, phone... the whole package).

More and more exchanges demand all of these informations to trade even between altcoins (like Bitrex)

I wouldn't expect to get more than 1 BTC a day from most exchanges without further verifications. Currently it's $2000 in Poloniex.

Poloniex for example, has limits for each user level. If you send your passport and ID and photo, they leverage your user status to the upgraded member and you can withdraw more money. But I think withdrawing huge amounts would cause problems legally.

It's ok to have limits to withdraw big amounts of money, but I don't understand why they are asking for real addres, real phone, real date of birth and more on Bitrex now, even if I want to trade only altcoins. A lot of people have complained about this and have been forced to stick to Poloniex and other exchanges with less liquidity to buy some more obscure alts without having to give all of your data and risk getting doxed or something, because bitcoin exchanges get hacked so often so you simply can't trust them, it has nothing to do with legality, it's just dumb to give your details to crypto exchanges in general, it's a matter of safety.
109  Bitcoin / Bitcoin Discussion / Re: Is it possible to withdraw huge amounts? on: September 29, 2017, 02:36:24 PM
Hello everyone,



I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.

If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?

Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?

I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.


Cheers.

Most exchanges are going to have limits on the amount of Bitcoin you can withdraw. You have to check these things before depositing any coins on the exchanges.

I would say it's impossible to withdraw big amounts without disclosing your full information (so I would expect a scan ID, address, phone... the whole package).

More and more exchanges demand all of these informations to trade even between altcoins (like Bitrex)

I wouldn't expect to get more than 1 BTC a day from most exchanges without further verifications. Currently it's $2000 in Poloniex.
110  Economy / Speculation / Re: BTC is about to crush major resistance points (very bullish) on: September 29, 2017, 02:10:17 PM
A new ATH sounds good but is it really possible right now? There is still the hardfork coming this november and the FUD about bitcoin is not yet over. Even if we cross 4100, there is still a great possibility that the price will reverse after that.
After China's bluff was called, the road seems clear with no major bump in view but the November hard fork. Since it is still a while before November, I see the price of Bitcoin pushing pass the $5000 level before long and then recede to await what becomes of the hard fork.

why do you call it "bluff" Cheesy
it was some reality about banning ICOs and also closing exchanges then there was all the FUD about banning bitcoin and mining and all kinds of weird stuff about China and bitcoin.
and none of it matters at all. even if all the FUD were true, the price would have came back here just like it has now! these things can not affect the free market for long.

I also think it's still a bluff. Remember this: China will be back in full force when they make ICOs legal again under certain licenses, and also exchanges will be made legal again, too, if the exchange providers are following a license of the Chinese government's taste. These guys did not only buy the dip, but now that they bought a ton of cheap BTC, they will pump in again by unbanning both ICO and exchanges, sooner or later it will happen.
Holy shit, if that's true, bitcoin might hit new ATH very soon. all these chaos which created by china will soon turning to a big pump month.
by the way, why did china ban both exchanges and bitcoin and then unban it again?

Because China loves to have full control over things, and they also like to do this back and fort with bans (there is a long history of this happening before).

So they ban the thing, buy the dip, regulate it and issue licenses, then they come back with an unban under said licenses, price skyrockets and now they are richer upon further FUD for further dip-buying activities. That is how they work.
111  Economy / Speculation / Re: BTC is about to crush major resistance points (very bullish) on: September 28, 2017, 03:48:35 PM
A new ATH sounds good but is it really possible right now? There is still the hardfork coming this november and the FUD about bitcoin is not yet over. Even if we cross 4100, there is still a great possibility that the price will reverse after that.
After China's bluff was called, the road seems clear with no major bump in view but the November hard fork. Since it is still a while before November, I see the price of Bitcoin pushing pass the $5000 level before long and then recede to await what becomes of the hard fork.

why do you call it "bluff" Cheesy
it was some reality about banning ICOs and also closing exchanges then there was all the FUD about banning bitcoin and mining and all kinds of weird stuff about China and bitcoin.
and none of it matters at all. even if all the FUD were true, the price would have came back here just like it has now! these things can not affect the free market for long.

I also think it's still a bluff. Remember this: China will be back in full force when they make ICOs legal again under certain licenses, and also exchanges will be made legal again, too, if the exchange providers are following a license of the Chinese government's taste. These guys did not only buy the dip, but now that they bought a ton of cheap BTC, they will pump in again by unbanning both ICO and exchanges, sooner or later it will happen.
112  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The next x10 coins for 2018 on: September 28, 2017, 02:20:39 PM
Since it is only gambling to chose the next x1000 coin and even to predict the next x100 coin is very hard to impossible, let's be a bit more realistic and pick the most promising coins that will at least x10(or more  Grin) in 2018. I mean such an investment will go from $100 to $1000 and is still a very good investment. And it should not be impossible to predict with a good fundamental analysis.

My favorites for 2018 that should at least x10 are:

1. Ardor, because it is the successor of the NXT token and has the same team behind it but offers much more functions. With its main chain, it offers the option to create new coins with an own sub chain under Ardor and the Ardor holders will profit from it. Ardor will start soon and hopefully be even more successful than NXT.

2. Verge: It is a stealth coin like Monero but still very undervalued (low market cap).The developers are active and the community is very positive about this project. Some more exchanges started to trade Verge recently.

3. Electroneum: This is a bit risky because it's still an ICO but looks very promising. They develop mobile apps and you can mine this coin via the mobile app.

Which coins do you think will at least x10 in 2018 and should be a good and profitable investment for us?

My picks for a coin that does x10 in 2018 are probably some of the current ICOs.

Kiber already did %500 gains. If you want x10, you need to get really early on, and of course don't end up holding a coin that has a stupid low amount of liquidity. A coin may do x10, but if the liquidity is poor, is rather useless because you will not be able to sell.

Honestly I have no idea. I would have said OMG and NEO if they were cheaper, but at this point they are too pumped to x10 anymore.

113  Alternate cryptocurrencies / Speculation (Altcoins) / Is Bitcoin Gold relevant enough to raise the price of Bitcoin? on: September 28, 2017, 01:39:59 PM
Is people buying Bitcoin to get ready to get a share of free money when the Bitcoin Gold fork happens?

For these that don't know, Bitcoin Gold is another altcoin that will be crated due a hardfork on Bitcoin blockchain (similar to the Bitcoin Cash altcoin). If by the time of the split, you are holding X amount of BTC in your wallet, you will receive X amount of Bitcoin Gold. This makes Bitcoin very attractive to buy for these wanting to get free altcoins and speculate with them. I just wonder if Bitcoin Gold is relevant enough to be causing a % of the current rise. Bitcoin Gold doesn't have the propaganda machine behind it as Bitcoin Cash does since Bitcoin Cash is mostly sponsored by Roger Ver, Craig Wright, Jihad Wu, McAfee and other government agents.
114  Bitcoin / Development & Technical Discussion / Re: bitcoin address question on: September 28, 2017, 12:16:15 PM


1) How and who generates these public/private keys. I assume anyone can generate ..but whats the criteria

The software you are using to create keys generates them. The range of valid private keys is governed by the secp256k1 ECDSA standard used by Bitcoin.

2) Who keeps track of which public keys are generated and what is its corresponding private key .. as far i understand there is no one so i wonder how it works

Nobody keeps track. It is just statistically improbable that there is a coincidence of the same keys being generated again.

3) If it is a random public key with no one keeping track of addresses in use, how does the system ensure same address is not being used by two different people. i.e how do we know the key generate has produced a key that is not already in use

Again.. it is just impossible in practice that it happens. It would be like winning the lottery on steroids.

4) we keep hearing suggestions about disposing keys and keep creating new ones for security reasons. While it is secure to move on to new address as frequently as possible, my question is how sustainable is this approach. How big is the address space and whats the chance of exhausting the addresses and stumbling on reused addresses.

And again, it is just a non issue. In fact, there's people generating addresses constantly because they are cunts and are trying to cause that coincidence in purpose:

https://lbc.cryptoguru.org/about

Good luck with that.

115  Economy / Speculation / Re: BTC is about to crush major resistance points (very bullish) on: September 28, 2017, 11:36:44 AM
The technical analysis sustained by most professional traders on bitcoin right now is that it was key to stay above the $3400 latest bottom as the closest resistance we had, because below that it was descent into hell. We were able to stay above that and don't cross the 300 day moving average which would have been very bad, through the weekend, and now that the market started becoming active with the start of the week, we are seeing massive bull pressure to break the $4100 key point. So keep an eye on that number if we cross it, get ready for another re-test of an all time high possible as soon as this week, which with due traction, could lead us to $6000 pretty easily.

The key point to watch here is probably the $4000 level.

Once we break that the rest is pretty easy. We could easily achieve $6000 as you said by the end of the year despite the constant FUD and hard fork fears, if we can first establish $4000 as a floor for btc price.

We're seeing resistance right now at the $4k level, i think that once we see the resistance being broken, we'll see at least another $500 pump.
now we already break it, bitcoin could easily go as high as $4800 but I doubt it can get through $5000 barrier, maybe waiting for a moment first and then new highest price will be achieved.
the market is currently now very bullish, the current trend is buy. expecting a good outcome from this one in this month.


I don't see $4979 being a problem anymore. After $4100 was broke, the buy and sell orders shift and the market becomes more bullish and has a positive outlook. Double bottoms and double tops are very rare, I think getting past $5000 is going to be no problem. Just give it a few hours and don't trade, otherwise you may risk missing the next big green candle and there is nothing worse than waking up being on cash.

Just I predicted, woke with a great sight: $4100 is officially surpassed and we are now sitting above it. With a high of $4270 on Bitstamp this is it... we are going past $5000 this year. So even if it dips back to $4000, buy the dip because the bullish sentiment is very strong. Bitcoin has survived China's ban and is about to prove everyone wrong once again.
116  Economy / Speculation / Re: But if China gov say mining is illegal, we are fucked. Haipo Yang‏ ViaBTC CEO on: September 27, 2017, 05:01:03 PM
We = Chinese miners.

We are not chinese miners, so we dont care. If the price crashes, then so be it, it will quickly recover as other parts of the world enter the mining game to get advantage of the decrease of difficulty. Bitcoin self regulates, remember that. You get rid of the hashrate in Part A, it becomes twice as profitable for Part B to start mining. It only re-organizes hashrate. At the end of the day the only ones losing are the stupid Chinese government and their poor citizens unlucky enough to be trapped on that shithole.
117  Economy / Speculation / Re: BTC is about to crush major resistance points (very bullish) on: September 27, 2017, 03:45:13 PM
The technical analysis sustained by most professional traders on bitcoin right now is that it was key to stay above the $3400 latest bottom as the closest resistance we had, because below that it was descent into hell. We were able to stay above that and don't cross the 300 day moving average which would have been very bad, through the weekend, and now that the market started becoming active with the start of the week, we are seeing massive bull pressure to break the $4100 key point. So keep an eye on that number if we cross it, get ready for another re-test of an all time high possible as soon as this week, which with due traction, could lead us to $6000 pretty easily.

The key point to watch here is probably the $4000 level.

Once we break that the rest is pretty easy. We could easily achieve $6000 as you said by the end of the year despite the constant FUD and hard fork fears, if we can first establish $4000 as a floor for btc price.

We're seeing resistance right now at the $4k level, i think that once we see the resistance being broken, we'll see at least another $500 pump.
now we already break it, bitcoin could easily go as high as $4800 but I doubt it can get through $5000 barrier, maybe waiting for a moment first and then new highest price will be achieved.
the market is currently now very bullish, the current trend is buy. expecting a good outcome from this one in this month.


I don't see $4979 being a problem anymore. After $4100 was broke, the buy and sell orders shift and the market becomes more bullish and has a positive outlook. Double bottoms and double tops are very rare, I think getting past $5000 is going to be no problem. Just give it a few hours and don't trade, otherwise you may risk missing the next big green candle and there is nothing worse than waking up being on cash.
118  Economy / Speculation / Re: Is $4000 the perfect time to buy on: September 27, 2017, 03:20:38 PM
Buy buy buy. Bitcoin has just drop down to $4000 again and this time, it will not decrease anymore. Buy fast or you will never have a better chance to buy bitcoin with the cheap price. Bitcoin is very popular right now and therefore, the number of people using it has increased significantly
That's true, but today or you will regret in the future. Today is the best time. Bicoin is lower than $4000 , the best time to buy because maybe by the end of oct bitcoin will increase again into $4000.

Look at the price buddy, bitcoin is already past $4000 and it's holding nicely on around $4100. Bitfinex got past $4100, Bitstamp hit $4100 exactly, which is funny considering that was the price to beat, but generally if one of the big exchanges breaks the price, the psychologically is that we officially broke the resistance. I would like to see an higher sustained price for a while to feel safer, let's see what happens in the next 4 hours which are key. But like i said, I would buy any corrections because the resistance was broken in most books.
119  Bitcoin / Bitcoin Discussion / Re: Bitcoin crash on the 30th becasue of closing of chinese exchanges? on: September 27, 2017, 03:02:40 PM
It's all priced in, where were you when the price went from the mid 4k range to $2800 a week or two ago? The market has digested & shat out the news.

Recovery is over now & the price is the price.

Bitcoin HODLERS not affected.

It looks like a bunch of noobs still haven't realized the fact that only because it was appointed to happen on 30th, doesn't mean 30th is relevant anymore.

A lot of people have a hard time understanding that things get priced in before the official fact happens. All the panic selling has already occurred. I would be cautious if we were still flirting with the $3400 resistance, but we are now past $4100 (ignore the current market noise, we crossed $4100 and now $5000 is next.)
120  Economy / Speculation / Re: Chart of the Day | Bitcoin Above $4000 on: September 27, 2017, 02:31:32 PM
Bitcoin markets went through a bumpy road, only to reach back above $4000 today. BTC/USD markets are continuing to showcase bullish tendencies after the cryptocurerncy broke through this resistance level.

Chart source:
https://cryptocoincharts.info/pair/btc/usd/bitfinex/10-days
We are facing a little correction after breaking the resistance, My thought that this caused by some rumour about the possibility of another free cash or airdrop from the bitcoin itself.
The price around 4064 and it looks there is a little bear in the future.

This is no correction, just market noise. We are now on our way to test a new all time high. All the doubters got blown the fuck out once again. Not surprised to see BTC proving the haters wrong time after time, thsi is no different.

Keep holding and we will break through $5000 soon enough. Then as China confirms they are coming back with a license to trade, we will moon to anywhere from $7000 to $10000+
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