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2141  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Does ETH movements depend on BTC ? on: April 05, 2018, 06:04:12 AM
yes and no.

like any other useless altcoin, Ethereum is also pumped and dumped so it means that ETH will also only move based on pumps and dumps of its own and in this regard it won't be affected by bitcoin price movements.
but at the same time it is just another altcoin on the altcoin market and although some newbies may think it is something special and also the advertisement in the media may tell you so but in reality it is just another pump and dump altcoin among thousands of others. since the main purpose of these coins is to give profit on bitcoin investment, so their prices will be affected by bitcoin price movements.
2142  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Dash (formerly known as Darkcoin and XCoin) worth holding? on: April 05, 2018, 05:51:35 AM
if you want to put your $$$ in something and leave it be there so that you can get a big profit in long term just because it went from some price to a higher price then invest in bitcoin. it will go up and there is a much lower risk.

the price goes up nice only if there is a real usage which can bring solid demand for that thing. bitcoin has that and altcoins don't. specially coins like Dash that are shady and also centralized. what happens to these altcoins is that they get pumped shortly and then there is not much else! so why not just get involved in them in short term whilst they are getting pumped?
2143  Alternate cryptocurrencies / Altcoin Discussion / Re: All coinmarketcap goes RED today. What are you doing? on: April 05, 2018, 05:45:18 AM
- All the top 100 coin's price decreases about 10%-30% (except CMT because they has an big event today - CyberMiles Travis Testnet Press Conference)
there is always some useless shitcoin that is being pumped at any time no matter what is going on in the market. the traders (better say pumpers) can not stand idly by and not make money, they go around, pump shitcoins and make a lot of money from the newbies that get in after them.

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It is terrible for me. What are you doing?
PS: I am dying Sad
it is pretty simple: learn not to bag hold altcoins for longer than their pumps.
2144  Economy / Speculation / Re: 10.000 bitcoins moved from gox wallet ready to short BTC on: April 05, 2018, 05:25:44 AM
I don't understand why people keep going nuts over this. Everything is being taking care of in a legal manner, which means that these coins can't and won't get dumped randomly, especially not if you take into consideration that there is nothing left to sell for - the required amount to pay victims back is already present. Also, you guys need to try harder to cause panic, the 10,000BTC were sent to a Bittrex wallet. Nice try.

https://chainz.cryptoid.info/btc/address.dws?1N52wHoVR79PMDishab2XmRHsbekCdGquK.htm

this is just another excuse to spread FUD and excuse for others to panic.
sometimes people don't even care if the news is real or not, it may sometimes be real but not effective but they still will panic over it and start selling their bitcoins. and the market, specially the big players have always liked this for as long as the market was active that is how they make a lot of money anyways.
2145  Alternate cryptocurrencies / Altcoin Discussion / Re: If Bitcoin Cash was the real Bitcoin on: April 05, 2018, 05:16:48 AM
Vitalik better pay attention to ETH that is underperforming even BCH. He is a moron

he doesn't believe in the future of his own project, he has said it publicly on his twitter multiple times. he doesn't even tell people to invest in it, he tells people "to invest in traditional assets because crypto has no future".
and that is what happens when a dev becomes millionaire overnight by premining his shitcoin.
2146  Bitcoin / Bitcoin Discussion / Re: "Nvidia: This Bitmain Thing Has Morgan Stanley Worried" on: April 05, 2018, 05:08:49 AM
I think AMD and NVIDIA's affiliation with gamers and avoidance of crypto miners (which seem to make up a surprisingly significant amount of their sales), is going to give BITMAIN quite a significant advantage when they release their E3 miner and other altcoin ASICs.

The recent fall in price will probably decrease AMD and NVIDIA's crypto-related sales, which could also decrease their focus on producing specialised hardware for miners.

If they don't focus on it now and BITMAIN enters the space quickly enough, they might be too late to preserve their share of the market.  BITMAIN could be a serious threat to their recently increasing stock prices.

of course they are going to say they are focusing on gaming but they obviously know that they are in fact creating new hardware for altcoin miners. and that is why the article is saying they are worried!
and i think it is a good thing, they are feeling the competition and Bitmain will also have to compete with them. and in the end we may even start seeing Nvidia and AMD ASIC miners by these companies and all these competition can make everything better for us.
2147  Alternate cryptocurrencies / Altcoin Discussion / Re: How is the crypto industry going to look like in 5–10 years? on: April 04, 2018, 06:23:42 AM
my "hope" is that in 5-10 years we stop seeing the current situation which is 90% of the market consists of shitcoins and 100% of the altcoins are pump and dump which will die eventually. what i hope is that we end up seeing 90% of the market become good projects that are "actually" doing something not just pretending to solve something that doesn't even exist!

and i think eventually something like that will happen. soon all the top 10 altcoins will be flushed out and be replaced by newer pump and dump coins and then they will be replaced until eventually they will be replaced by real good projects.
2148  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think regulation in the crypto world is necessary? on: April 04, 2018, 06:11:35 AM
it is hard to say in my opinion.

on one hand we have all these cryptocurrencies that are being created that most of them are scamming specially these tokens (ICOs) that keep on coming out like weeds. and also we have all these businesses such as exchanges which are also scamming their users even if they are the #1 exchange in the whole world....
.... regulations can prevent (or at least make nearly impossible) all of these. so it can be a very good and  a necessary thing.

on the other hand we are saying a cryptocurrency (eg bitcoin) is a decentralized censorship resistance currency that anybody can use and regulations can be restrictive in this case and that may be harmful.
also not all regulations are good. there are times when the government sets some stupid regulations in motion which are in fact restrictive more than anything else (like unreasonable taxes or rules they have to follow) and that  can damage the businesses.
2149  Alternate cryptocurrencies / Altcoin Discussion / Re: If Bitcoin Cash was the real Bitcoin on: April 04, 2018, 05:55:44 AM
If Bitcoin Cash was the real Bitcoin
if they could gain the support they would have been "bitcoin" and since they failed at it, their page of the history is closed for a long time now.

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Then that would mean Bitcoin's market dominance is only 4%! Hahaha!
it would still be as meaningless as bitcoin "dominance" being (i don't even know how much it is right now)% since people are mistakenly calling "market cap" as dominance.

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Now we know why they are always so angry at Bitcoin while spreading all of Roger Ver's propaganda. They have no recourse but to accept the truth and sell all their Bitcoin Cash coins back to Bitcoin.
they all want to make more money because of the pump of this altcoin like all the rest of them...
2150  Alternate cryptocurrencies / Altcoin Discussion / Re: what is the difference between bitcoin and ethereum on: April 01, 2018, 05:37:37 AM
i have found these article that distinguish between bitcoin and ethereum
unfortunately articles like this are written to advertise ethereum so they are ignoring all the faults of it.

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while Ethereum’s aims to be 12 seconds. A faster block time means that confirmations are quicker.
that also means ethereum is creating 50x more blocks than bitcoin and as a result its blockchain has been growing alarmingly fast. i don't know how big it is now but last time i checked it is orders of magnitude bigger than bitcoin's blockchain and some say it will reach 1 TB soon. and bitcoin has ~150 GB blockchain now.
what this means is that you can no longer sync your ethereum wallet with the network unless you use third parties for example using a web wallet. this effectively centralizes the network.

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Ethereum raised its launch capital with a presale and only about half of its coins will have been mined by its fifth year of existence.
there is no cap for ETH so you can not say "half of it" because unlimited can not be halved Grin
current supplies are:
BTC: 16,950,000 (max = 21,000,000)
ETH: 98,542,000 (max = infinity)

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Ethereum rewards miners based on its proof-of-work algorithm called Ethash, with 5 ether given for each block.
if i am not mistaken ETH reward is also halved. it was reduced anyways and it is currently at 3.
but the important difference is in total daily new coins created:
BTC: 1800 coin/day
ETH: 7200 coin/day

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Ethash is a memory hard hashing algorithm, which encourages decentralized mining by individuals, rather than the use of more centralized ASICs as with Bitcoin.
you can't use bitcoin's ASICs to mine ETH but that doesn't mean no ASIC can ever be created to mine ETH! they can simply modify the mining equipment they are producing to match ethereum's hashing algo and mine it with new versions of ASIC. so far nobody has started production because they fear the centralized ETH dev team change the algo at any moment and ruin their business.

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Bitcoin and Ethereum also cost their transactions in different ways. In Ethereum, it is called Gas, and the costing of transactions depends on their storage needs, complexity and bandwidth usage. In Bitcoin, the transactions are limited by the block size and they compete equally with each other.
fees in both cases is somewhat deepening on the size. but since ETH is basically smart contract platform it is calculating the fee based on the complexity of the execution of that smart contract which will basically increase as the size of the transaction increases.

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the number of investors with bitcoin, the price of it since it has many investors so we could expect expensive price of bitcoin compared to ethereum. Investors has put confidence and trust with the system. Bitcoin has hold the world record and it has hard to surpass with the record holding by bitcoin.
it is not without reason!
more demand (ie more investors) in bitcoin is because of its usefulness. bitcoin is acting as a currency for real and that creates demand.
2151  Alternate cryptocurrencies / Altcoin Discussion / Re: This Why Altcoins will DIE on: April 01, 2018, 05:28:25 AM
Altcoins never going to be the crypto CURrENCY people say. Only way altcoins survive is when the business USES the token themselves: business must create its own demand or don't have an ICO!

the altcoins and all the tokens that currently exist have little to no chance of surviving the future because the main purpose of their creation was not to be a currency, instead they were created to make more money through trading. and unless this changes, we won't see any project worthwhile.

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EOS creates demand for itself, so it will not die. GAS has its own demand, it will not die. Kora Network creates its own demand, it will not die. Only ICOs who make you need their token to use their service/business will survive...otherwise, don't buy into an ICO if the token won't sustain itself

demand is not something you can create. what you call demand is a temporary hype where money pours into these coins with the hope that the investor can dump and get more out of it. more like gamble actually and it won't last long.
2152  Economy / Speculation / Re: Bitcoin Monthly Return Heatmap 2013-2017 - Trade or HODL Long-Term? on: April 01, 2018, 05:16:40 AM
there are two different approaches here in my opinion.
1. long term and mainly HODL where you just buy at the bottom and don't touch it for a long time and sell when you see a big bubble for example and buy back after its correction. there is a very nice profit in this for example buying in 2015 at $200 and selling in 2017 at $20000 was a 100x profit in 2 years!
2. the short term and mainly day trading bitcoin. which can also be as profitable, maybe even more profitable than just holding but much much riskier. for example looking at charts you can see last year alone we had maybe twenty big drops every couple of weeks each as big as 30%. taking advantage of each of these swings could give a day trader a huge profit.

the thing is, both strategies are good as long as performed wisely.
2153  Bitcoin / Bitcoin Discussion / Re: they say bitcoin is store of value on: April 01, 2018, 05:07:27 AM
they say a lot of t hings, they also say bitcoin is dead. but random people saying idiotic things on the internet doesn't make them true. for instance the have started saying bitcoin is a store of value because they wanted people to forget that bitcoin is a currency!
the fact is bitcoin is a currency and as a currency it is volatile as long as its market is small. and that volatility is justified when you think of bitcoin that way.

besides being a store of value is a secondary aspect of bitcoin and it doesn't have to be stable for that. stability is a perk not a requirement. to be a store of value it has to be secure and immutable which bitcoin is both of these.
2154  Bitcoin / Bitcoin Discussion / Re: Russian Hotels to Surprise World Cup Fans with Bitcoin Payments on: April 01, 2018, 04:59:43 AM
The Olympics would also be a great event to get this crypto promotions up and running, as there'd be numerous people attending the saud event for sure.

Olympics is going to be 100 times better than this one because first of all it is in 2020 so there is more time for bitcoin adoption to grow and more merchants start accepting bitcoin and by them we will surely have second layer solutions such as lightning network up and running to have the fast and cheap transactions available. second because it is in Japan. and unlike other countries like Russia, Japanese have adopted bitcoin with open arms.
2155  Alternate cryptocurrencies / Altcoin Discussion / Re: Buy time for ETH from 300$ to below 400$. on: March 31, 2018, 06:35:20 AM
the fact that there are a lot of Newbie accounts like OP which are saying the same thing as "buy ETH" and "ETH is good investment", blah blah, is enough indication for me to stay away from it for the time being because each time a bunch of throwaway accounts are created to advertise some altcoin, without an exception they are doing it because that altcoin is planned to get dumped some more.
2156  Alternate cryptocurrencies / Altcoin Discussion / Re: NOW you will buy BTG or NEO ??? on: March 31, 2018, 06:25:10 AM
to be frank currently i prefer to stay away from the altcoin market as much as possible, this can change pretty soon but for now this is the best thing to do in my opinion. and that is because the dumps are still ongoing and there are a lot of investors who have been wrecked in the past few months because of all these dumps who are now looking for a small recovery (aka a dead cat bounce) to start dumping their coins at a smaller loss and that dump can start another crash which i don't want to be buried under.
2157  Economy / Speculation / Re: Long or Short since Bitcoin reached 8800 again? on: March 31, 2018, 06:15:30 AM
I am still short from above $14k when I lost my nerve (now glad I did) and I am still waiting for a good bottom to jump back into. I did pick a little bit up back when we were near $6k, but I am still waiting for the big "mother of all buys".

I trade a small amount in-between to keep from getting bored, but I don't think we have reached the real bottom quite yet. I could be wrong, but then again I have plenty of room to get back in again before I lose any money, or more correctly lose any Bitcoin.
I do not think we are going to see a price below 6000 you should have taken the opportunity to buy at that price, it was less than a third of the all time high that bitcoin reached just a few months ago however you could be right the price of bitcoin could go lower and you could buy even more bitcoin when it happens but you are taking a huge risk because if that doesn't happen and you don't have bitcoin when the price begins to grow you will lose a lot of money.

$6500 has been showing a good support so far and price had a nice recovery from that bottom, and although i don't like saying never when it comes to bitcoin but it seems like you are correct about it. we have already seen a HUGE drop from the ATH and that has to count for something.
as for buying the best strategy is to buy at least some amount in this dip so that you have not completely missed the chance and also not to go all in at the same time so that you still have some money left for possible lower prices.
2158  Bitcoin / Bitcoin Discussion / Re: FOMO: fear of missed opportunities, can you feel it? on: March 31, 2018, 05:54:05 AM
someone who is buying stuff because of Fear Of Missing Out is not a trader. you will see them call themselves traders but it won't make them one. they are in fact gamblers who are fooling themselves and meanwhile are messing up the whole market with their irrational decisions. and finally they will all end up in a big loss one way or another.
2159  Bitcoin / Bitcoin Discussion / Re: Now a days Transaction time and fees are very high for bitcoin ...... on: March 31, 2018, 05:47:28 AM
Current transaction fees are under 10 satoshi/byte (about 16 cents) as you can see [u r l=https://bitcoinfees.earn.com/]here[/url], and they've been like this for the last couple of months.

that website is not so good when it comes to suggesting appropriate fees. they always suggest a higher fee for transactions for some reason.
the fact is currently transactions with 1 to 5 satoshi per byte are having high priority which means being confirmed in the next block that is found. and that amount of fee is about 1-2 cents.
2160  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Survival of the fittest on: March 30, 2018, 06:16:54 AM
you are right about one thing, that the best coins with real usage and no problems will survive in the long run but i am sorry to disappoint you to say that Ethereum is one of those coins that will probably be dead by then. ETH is not only incapable of lasting long term but also it has a lot of problems that will only get worse as time goes by. and on top of that even if it  didn't have those serious issues, there is still a lot of other projects that are doing the exact same thing as ETH but in a much better way.
and to put the final nail in its coffin, we are going to have RSK (Rootstock) soon which is on top of bitcoin as a sidechain and will offer smart contracts on bitcoin network which is effectively killing off ethereum Cheesy
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