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841  Economy / Speculation / Re: The next trend of bitcoin? on: July 26, 2018, 04:17:15 PM
    Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?

I think the chances of the ETF getting approved are extremely low. The US Government isn't going to want to have to deal with all the potential losses that could lead from scams. They are going to reject the proposal again, and we are going to have a dip, noobs will panic sell and smart money will quickly buy the dip and in a couple of days we'll be back again.

Maybe one day noobs will learn that we don't need ETF or Futures for Bitcoin. By then the dips after the rejections will not happen since there will be no noobs to profit from as they stay on BTC.
842  Bitcoin / Bitcoin Discussion / How long until Ver buys Bitcoin.org? on: July 26, 2018, 03:56:53 PM
As we know, Cobra owns bitcoin.org. And as we know, Cobra has been showing signs of supporting Bitcoin Cash, aka BCash, lately, as seen on his tweets.

https://twitter.com/cobrabitcoin/status/940720368121188352

And this was tweeted conveniently during the transaction spam clusterfuck.

It's safe to believe that Ver is siphoning some Vermoney to Cobra. The next step is to of course, buy the bitcoin.org domain from Cobra. Cobra is anonymous and we don't really know his financial situation. It may be too tasty for him to pass a couple millions from Ver with no consequences for his reputation. While theymos is also anonymous, at least we know he is loaded and he isn't as easily bribed.

I predict Ver is going to buy bitcoin.org and redirect it to bitcoin.com or just remove anything that isn't BCash's clients in order to pump his altcoin.
843  Economy / Speculation / Re: Bitcoin nearing %50 crypto marketcap domination on: July 26, 2018, 03:22:20 PM
Are we going back to sanity

No. I do however think most of the ICO shit will fade away. But other than that this is business as usual. As soon as Bitcoin starts to look hungry people run from alts. As soon as Bitcoin has had its giant bowel movement and takes a nap people decide it's alt pump time again.

I think it's the other way around, when btc goes up, alts go even higher when bear seasons starts it's even worse for shitcoins

On April 2nd dominance was at 45% and it started to go down, while price kept increasing till May 5th.
At that point, dominance was at 36%.

But right now, it's something pretty weird happening, the altcoins have barely rallied.

Total marketcap has gone up by ~45billions in the last 30 days, 36 billion are BTC share.
Probably...hopefully..the alt madness is starting to lose steam.

Would be pretty interesting to see what happens if BTC dips gain below 8000$, if the alts bleed even worse this so called dominance will reach 55% if not 60%.






Alts have been going down since BTC started going up. The times of "alt season" following a BTC bull market may be over. People are slowly catching up to the fact that alts are just a tool to get BTC from the foolish enough to think any of them as a chance of replacing BTC.

Of course this is not to say that you can't still make some good gains in the altcoin market speculation to increase your BTC holdings, but they will be increasingly niche and thus harder to find the one that pumps and pumps with strong enough volume to not leave you holding useless bags for life. Remember that one must be able to sell with enough volume. Unless one is playing with a small amount, you are going to risk permabagholding.
844  Economy / Speculation / Re: Great run with Bitcoin! on: July 25, 2018, 11:27:47 PM
We are not seeing a strong sign of bull run. This run is caused by ETF expectation. And the ETF decision is delayed. We may see a huge reversal if the ETF approval is denied.

We might see a reversal if it is approved as well. Buy the rumor, sell the news, you know.

This. But anyone with a functional brain should pick that dip, if it happens. Bitcoin was getting oversold at below $6k, anything below $6k was a steal.

If there is a sell the news event, I expect a big short squeeze. This should get rid off all the speculators/noobs that FOMO into thinking the ETF is relevant for Bitcoin's long term success, when this happens (and once again noobs think "Bitcoin is dead") the smart money will then take advantage of the cheap prices and go all in, and the bull run will quickly resume.

Similar to this:

845  Alternate cryptocurrencies / Speculation (Altcoins) / Re: A Guide to PoWH3D & FOMO3D, the 2 most popular dapps on the Etherium Network on: July 25, 2018, 08:16:02 PM
I love these creative clusterfucks. It's a nice way to test Ethereum's capacity. Let's see how Vitalik solves the every growing different iterations of PoWH3D, FOMO3D, cryptokittens, and other DAOs of sorts. It's not going to end well, that's my bet.

For now, enjoy the fun while it lasts.
846  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which do you prefer anonymous developer/creator or well revealed person? on: July 25, 2018, 07:49:11 PM
As everything in life, ith as pros and cons, and you must leverage these positives and negatives and see where the balance leans to.

If you are an anonymous creator, your safety is going to be in better standing than if you are a public figure. If no one knows your real name and your appearance, you don't have to worry about having a visit in the middle of the night of thieves of sorts, going from random criminals to state-backed ones which will try to kill anything and anyone that dares to change the status quo (see how other attempts at alternative money ended up before Bitcoin)

It also helps the project and not having a clear leader in which people typically form cult personalities around. If the creator disappears, then it's up to the community. No one can ever have that much of an influence in the project. It's just not desirable to have a clear leader, with political views, opinions, and other things. Ideally you want someone totally anonymous, neutral, with no big claims on anything, just delivering the code then leaving, as satoshi did.

The problem with being anonymous is it generally raises the chances of an exit scam, since you would be easier for the creator to get the money and run without consequences.

I agree with you! I would not also open my name and the names of my team members. Not in the names of the matter, but in their ingenious invention. Communicating your name to the public, a person who owns a lot of bitcoins (I'm sure) puts himself at risk.


The problem with not disclosing names is like I said the exit scam situation.

We don't know who satoshi, he has (allegedly) 1,000,000 BTC. We don't know if it's a group, a lot of people, or a single guy about to become the richest person on earth. It's kind of fucked up if you think about it.

But the same time, it was non viable that he would reveal his identity, it would only damage the project.

I guess in 70 years or so it will be reasonable to think he is dead and the coins will never move (assuming he was a young developer), assuming he doesn't leave them to someone else, which is just unlikely.

There's no easy solution to this. Maybe ideally satoshi should have coded something that made his coins slowly go back into circulation as mining rewards.
847  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which do you prefer anonymous developer/creator or well revealed person? on: July 25, 2018, 04:44:39 PM
As everything in life, ith as pros and cons, and you must leverage these positives and negatives and see where the balance leans to.

If you are an anonymous creator, your safety is going to be in better standing than if you are a public figure. If no one knows your real name and your appearance, you don't have to worry about having a visit in the middle of the night of thieves of sorts, going from random criminals to state-backed ones which will try to kill anything and anyone that dares to change the status quo (see how other attempts at alternative money ended up before Bitcoin)

It also helps the project and not having a clear leader in which people typically form cult personalities around. If the creator disappears, then it's up to the community. No one can ever have that much of an influence in the project. It's just not desirable to have a clear leader, with political views, opinions, and other things. Ideally you want someone totally anonymous, neutral, with no big claims on anything, just delivering the code then leaving, as satoshi did.

The problem with being anonymous is it generally raises the chances of an exit scam, since you would be easier for the creator to get the money and run without consequences.
848  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful who you share your information with..Please stay anonymous! on: July 25, 2018, 03:20:34 PM
I have always been scared about it, this is why I always use proxies and Tor to log in to sites and never give my details, even to exchanges. I have never given my real name to any exchange, not because I want to avoid taxes, but simply because I have no idea who is dealing with my information, and what is going to be done with it once they close, because they always end up closing, sometimes out of nowhere you wake up and the exchange disappears. They usually claim "hack" or something else, but im sure a lot of the time it's just inside jobs, the owners end up being scammers, and god knows what they will do with your information. I would be worried if ever did the stupid thing of taking a selfie holding your ID in order to register to any of these exchanges.

I hate how I lost some of my trading history on exchanges because they closed and I wasn't able to save it, this may lead to some problems in the future when trying to buy real estate with Bitcoin, but I hope they understand. It's just too much of a risk to give details to exchange owners, or to anyone in this crypto wild wild west. Stay safe indeed.
849  Alternate cryptocurrencies / Altcoin Discussion / Top 10 altcoins in 10 years on: July 25, 2018, 02:39:58 PM
How do you see the long term scenario playing out for altcoins? What ones do you see in the top10 and what % of market dominance will Bitcoin have?

The most sane bet is 80% or more will be dominated by Bitcoin at any rate. Then niche currencies will exist, but most ICO scams will be dead by then, it will simply be not lucrative anymore. The remaining 20% will be a few alts + the bunch of badly calculated marketcap factor which doesn't even count.

Litecoin may still be around for historical reasons.

The Ethereum clusterfuck most likely exploded and the promise of a "global decentralized turin complete computer" nonsense dead in the water.

Monero probably failed to scale big time and is only used in some niche places.

IOTA will most likely have been sabotaged a bunch of times and nobody in general trusts anything but PoW.

What else is there in the long term?
850  Alternate cryptocurrencies / Altcoin Discussion / Re: How dare ETH to scramble for position with BTC? on: July 25, 2018, 01:47:33 AM
Very unlikely, it just can't happen, Ethereum doesn't scale, and for reasons that actually kill the project from a technical perspective, unlike Bitcoin, which the problem is at the economical level, as in, it will be limited in amount of people that can use it due higher fees, but the system will keep working flawlessly for these can afford transactions, assuming no further scaling solutions happen, the store of value/digital gold use case is there basically forever.

Meanwhile ETH is going to face some serious problems at it's blockchain continues going beyond 1 TB now (regardless of how much ETH fanboys try to argue it's way less). Vitalik is simply not addressing the fact that a node consisting of header-only auditing nodes that only "sync a couple times a year" is a recipe for disaster. I wouldn't like to be on his shoes, sooner or later something will go very wrong and it isn't going to end well.
851  Alternate cryptocurrencies / Altcoin Discussion / Re: ALTs are dead and so is Bitcoin without ETF Approval! on: July 24, 2018, 07:15:53 PM
The ETF approval is something we essentially need. ETF is like a security and a system like Bitcoin or any other altcoins really need ETF. So, in one word it's actually like Bitcoin and Altcoins are nothing without ETF , the community badly needs the ETF approval.

More dumb claims from clueless noobs. How in the fuck is the ETF giving any security to Bitcoin? how is Bitcoin nothing ETF?

The ETF is just a way for investors to filter in more USD into Bitcoin. It raises the price, but it's completely irrelevant for it's security, system, or anything technical. The people that use the ETF aren't even relevant, they don't hold BTC which is all that matters.

Would it be nice to pump the USD price? I guess so, there is always a nice dopamine rush when it pumps, but fundamentals wise it is pretty irrelevant as far as Bitcoin is concerned. All that matters is the asset being held or moved itself, not government issued options.
852  Alternate cryptocurrencies / Altcoin Discussion / Re: thunderstake coin 900% ? on: July 24, 2018, 06:50:05 PM
I can't be bothered to check it out, but in cryptocurrency, if something sounds too good to be true, then it is a ridiculous ponzi scheme. The latest one is the Pow3D or whatever you call it one.

https://www.ccn.com/self-proclaimed-exit-scam-and-gambling-dapps-rake-in-43m-in-ether/

These ponzi scheme games are actually good for only one thing: To expose how insane the whole Ethereum idea thing is. They are hosting all these stupid transactions on-chain and the blockchain is becoming a bloated mess. Imagine, just some ponzi game is going to get soon 100m worth of tokens, and this is all basically a joke. Who would on their right mind store any considerable amount of wealth in ETH, or any wealth at all? It's an insecure mess. I can't wait for ETH to go PoS.

Personally I was holding Stakenet, the only PoS coin im interested, because I liked the concept of TPoS, but it's crash too with the BTC bull. I think it will recover eventually go to all time highs so im not worried. Stakenet might be the only high risk alt I would recommend right now as an speculation.
853  Alternate cryptocurrencies / Altcoin Discussion / There will be a split in BCash between Craig supporters and Craig non-supporters on: July 24, 2018, 06:25:32 PM
Basically, there is a big civil war going on in BCash, aka Bitcoin Cash, aka BCH... you name it, the infamous fork. Many not have noticed this yet, but the division is becoming increasingly evident, which will lead to, inevitably so, a split between what I would call BCash, and BCraig.

Supposedly, Craig Wright should have the resources to keep mining his fork and thus keeping it alive with enough hashrate to compete with the legacy BCash chain (which has already been hardforked numerous times, but let's call the current BCash form "legacy" for convenience's sake)

Wait for it: Of course, both forks will now claim to be "the real Bitcoin Cash" AND also to be "the real Bitcoin". Can you imagine? It's like a clusterfuck which keeps on giving in an ever increasing fractal pattern of clusterfucking. This is the fate of these that attempt to fork Bitcoin.
854  Economy / Speculation / Re: Bitcoin nearing %50 crypto marketcap domination on: July 24, 2018, 03:46:47 PM
since this is not "dominance" and since there are still nearly 2000 shitcoins/tokens out there with billions and billions of coins in circulation the 80% is not "sanity" and we may never see it ever again unless the market is cleaned from at least 1500 of these useless crap.

dominance of bitcoin has always been 99% and will remain that much. and its share of the total market cap is currently 46% and it may go even lower as more shitty ICO tokens are being released out of thin air. it is so easy to produce millions of dollars worth of market cap every couple of hours and it is the logical and real bitcoin's market  cap versus bloated and fake market cap of nearly 2000 coins. it is supposed to go down.

True, the marketcap dominance factor is really misleading due the sheer amount of ridiculous shitcoins out there as described by this article in here by whalepanda:

https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4

It is nonetheless relevant since the biggest % is taken out by the active top 10 coins, so random shitcoins aside, looking at the top 10 and how their marketcaps develop against bitcoin is relevant enough to monitor.

It seems to be hoovering at around 47% now. Some altcoins have gone up again in the last hours with the BTC rise it seems, but anyone with a brain should be selling shitcoins for BTC, including the top 10 ones. Guys, none of these alts cut it, simple as that. ETH is a bloated clusterfuck, XMR has massive scaling problems, LTC is a joke, IOTA was exposed as unsafe, BCH is Roger's toy... there's nothing worth holding there.
855  Economy / Speculation / Bitcoin nearing %50 crypto marketcap domination on: July 23, 2018, 07:29:21 PM
Bitcoin is returning where it should be, to around a natural 80% marketcap domination over all cryptocurrencies.



Are we going back to sanity (80%+ of Bitcoin marketcap dominance) or this is a short lived period in which people are scared to be left holding bags and people sell to BTC temporally before the altcoin insanity continues?

If the dotcom analogy was to be correct, then we would need a 6.7 trillion crypto marketcap before the cleansing happens and all shitcoins die and then BTC solidifies a 80% dominance bottom, then we have a long term of "crypto is dead" again and Bitcoin goes to $1,000,000

This is of course if the dotcom analogy plays out exactly like that. We may avoid a stupid huge altcoin bubble here and maybe altcoins are dumped for Bitcoin avoiding that situation.

When do you think we will go back to 80% dominance and how?
856  Bitcoin / Bitcoin Technical Support / Re: Any Trusted BTC Wallet? on: July 23, 2018, 06:07:38 PM
Can someone name trusted bitcoin wallet/s..

https://bitcoin.org/en/choose-your-wallet

If you're just starting out, i'd stick to the desktop wallet section,
If you're holding a bit more, i'd stick to the hardware wallets, or investigate paper wallet or airgapped wallets.
I'd recommand you to stay away from the web wallets.

It's always worth noting to newbies that airgapping is most ideal in Linux than in Windows, for obvious reasons, including avoiding a plethora of malware and other assorted threats.

Even if your computer is airgapped, and has never touched the internet since you installed the OS, you still can get a virus via USB, CD, etc, so dealing only with open source software will always reduce these possible exploits by a big %.

Look into Ubuntu or Lubuntu if your computer is very old. You can always use Xubuntu as a good balance between performance and aesthetics.
857  Economy / Speculation / Re: [b]GUESS LIST CLOSEST TO ATH @END OF THIS YEAR[/b] on: July 23, 2018, 05:29:28 PM
My prediction for the end of the year:

$14,212

Explaination: I just followed the current most recent uptrend and figure we will not see a massive FOMO, as I predict the ETF will not be allowed. So we will keep going up naturally. If the ETF happens I will most likely be wrong and we'll be like $50,000+...


You said you want to give it to a hodler, well im a holder myself so I hope I win the price Wink
858  Economy / Speculation / Re: Bitcoin fair value is above $10,000 on: July 23, 2018, 04:53:25 PM
Will saying that bitcoin's fair value is above $10,000 be a more realistic statement on the price of bitcoin? I reckon it is. But wouldn't it then make Tom Lee's price prediction of $25,000 on December of 2018 more of a surety than a slight possibility? That is only a 2.5x gain for bitcoin, which it can easily make.

i actually believe that $10k was the real bottom and after the bubble burst and correction price should have stayed at $10k or at the very least in $9k range. and i consider that particular drop that broke the $10k support a pure manipulation.

but that still doesn't make Lee's prediction possible. it doesn't matter what we consider "fair value", the current price is important and it is $7k+ and it takes a lot of money for it to go from here to $25k. even at $10k that is still 2.5x gain which is HUGE not "easy"! for 5 months.

I think a diamond solid bottom should be $100k, because of the simple fundamentals of how a single man's wealth (the CEO of Amazon) is worth more than the entire Bitcoin marketcap, as well as the dotcom bubble peak, as seen here:


https://cdn.pbrd.co/images/HvOte1l.png

People often draw these analogies with the dotcom bubble and they don't realize we haven't even started lifting up yet by dotcom bubble terms. The entire cryptomarket needs to be worth several trillions before it crashes, people realize most altcoins are nonsense, then Bitcoin goes to $1,000,000 10 years later , similar to what Amazon did.



859  Economy / Speculation / Re: ETF approving in August, how much will affect the price? on: July 23, 2018, 04:33:45 PM
Do you have any opinion about how much money should enter the market to dry it up, we are probably talking about trillions $?
Technically (globally speaking) there are less than or close to 1 million directly available coins at current levels. If the price gets high enough more people will get motivated to wake up their cold wallet coins and dump them on the market, which happened last year as well. The market drying up will need a couple of years at the minimum because we have to cycle through the pumps and dumps. Every bull run peak is higher than the previous one, and that should motivate old hands to unload their coins.

In the end it's not just about the money, but the use. If LN gets up and running and people will be financially incentivized to run a node, which is the case, then they won't sell their coins but scoop up passive income in Bitcoin due to people using their liquidity and node to hop through. It's the first ever time in the history of Bitcoin that you can earn passive income without any risks and without having a third party control your funds. It's a big deal.

There are many indicators which tell you how insanely undervalued Bitcoin is.

My favorites are (beside the fact that indeed there's less than 1 million coins actually available, or at least moving around)

-There are like 35 million millionaires in the world right now, in USD terms. If they all wanted 1 BTC, even if the total supply was available, there wouldn't be enough, since there would only be 21 million, but the actually supply is 16 million, which as we said before, realistically there's like 1 million coins actually "for sale".

-The richest guy in the world is worth more than the entire marketcap of Bitcoin (Bezos)

-The dotcom bubble peaked at near 7 trillion, then Amazon went much higher than that 10 years later. We have never been anywhere near 7 trillion on the entire crypto ecosystem combined

Conclusion: Bitcoin has been, and continues being, insanely underrated.
860  Economy / Speculation / Re: Can bitcoin break the $8000 margin before month end? on: July 23, 2018, 03:09:17 PM
We broke the ceiling I was talking about the other day. Nice short squeeze there. Some people gave up and were already thinking we were going to sub $5k, but these that held saw Bitcoin blast to $7786 (Bitstamp). It may be increasingly dangerous to stay a bull. At least, if I was on fiat still waiting for an ideal point, I would start getting nervous over missing the boat, specially if we get past $10k, and the traction looks good after $7700 was broken.

It will probably take breaking the $10k psychological mark to break the nerve of the remaining bears. Poll open until the end of the month, you still can vote.
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