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1401  Bitcoin / Bitcoin Discussion / Re: Lightning network on: July 28, 2018, 05:24:02 AM
You say that as if the users do not have full control over their Bitcoins and channels. They still do have 100% of their coins.

OMG..
lets address the last point first.
in LN YOU DO NOT have full control over your bitcoins.. LEARN MULTISIG
it requires signatures of more than one person. atleast learn that as a basic first lesson.

just because it is using multisignature features it doesn't mean you don't have full control over your funds. you still own the signed transaction that is required to "settle the real balance on the blockchain" so to speak if the other party didn't honor his end of the deal.
maybe you need to read the paper or use LN first at least then talk about it! Wink
1402  Bitcoin / Bitcoin Discussion / Re: US Gallup Poll Shows Only 2% of American Investors Own Bitcoin on: July 28, 2018, 05:10:19 AM
within their margin of error, which is probably within 1-3 percent error
when the result is 2% having a margin of error that is 1% means 50% error, and 3% means the poll was all wrong! Wink

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But I don't know why people find this so weird, Bitcoin is a massiely volatile, and risky alternative investment which is not something which most people want to invest in. Most people don't have the will power to see their investment account lose 50 percent -- or more value in one day -- they want traditional investments which have went up for centuries.
bitcoin has never lost 50% or more in one day and the drops never came out of nowhere. they always come after a big rise has happened. for example when bitcoin was at the bottom a couple of years ago at $220 we never saw a drop. we saw some panic push-down which didn't even last more than 1 hour which doesn't count as a drop. the drops came after the rises for example  bitcoin went from $1000 to $20000 then it had the big drop over 6 months.

I am just nitpicking about the math though. but I agree with what you said. it is the volatility that makes some people not-want to invest in bitcoin and also the unregulated situation of bitcoin market and also all the FUD.
1403  Bitcoin / Bitcoin Discussion / Re: Facebook Restores Coinbase Advertisements On Platform on: July 28, 2018, 05:04:54 AM
Former JP Morgan Executive Says Banks Know Cryptocurrency Can Change The World; Costa Rica Workers Can Be Legally Paid In Cryptocurrency
what does these two have anything to do with the topic you started? are you trying to pile on with what you think is good news? because they mean nothing really.

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According to Ethereum World News,
aka another click bait useless news site trying to attract traffic to make money.

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Will this bring a positive impact on bitcoin and bitcoin prices going forward?[/b]
not really. mainly because these ads are mainly used to advertise shitty ICOs and/or scams. and when a legit company like coinbase advertises there, they are not increasing bitcoin adoption. they will only get people who already know about bitcoin. and they are not advertising bitcoin but their own service to already bitcoin users.
1404  Bitcoin / Bitcoin Discussion / Re: Can you stop calling Bitcoin an investment? on: July 28, 2018, 04:35:05 AM
no we can not because it is inevitable that bitcoin becomes an investment. it is a scarce currency with a lot of potential of rising up, it is unique in the whole world and it is growing day by day. all that price rise will bring people who would want it as an investment. it doesn't have to be a bad thing either as long as we don't lose sight of what bitcoin really is which is a currency.
not to mention that every other currency in the world is being traded or invested in too. that is how the Forex market works.
1405  Bitcoin / Bitcoin Discussion / Re: Samsung: Smartphones are the Most Secure Device When Using Cryptocurrency on: July 28, 2018, 04:29:23 AM
very interesting information about TEE, I never knew about what it is before.

but your chosen subject here is still wrong though. the "most secure" device for using cryptocurrencies will always remain cold storage when you device doesn't have any access to the internet and also it can't be lost because you carry it around Tongue
1406  Economy / Trading Discussion / Re: Cryto signal trading on: July 27, 2018, 06:46:10 AM
"Trading Signals" channels are basically pump and dump groups. They buy a certain low-cap coin/token, then tell their followers to buy this certain coin/token hence the price goes up. Then, they sell for a profit. That's pretty much it. In a group such as this, only the higher ups make profit. The one's that follow gets fucked up.

No they are not.
Pump and dump groups gives signal at specyfic time anounced weeks beafore to collect as much volume as possible. To make sure that everyone is ready to buy at 20:00. Not 21:00 or 22:00 or even 20:15 when he get to computer and realise that there was a signal.
Signal groups are just giving singals when its "good time to buy"
Pump and dump groups needs at liest 10 000 members online
Signal groups dont. But when they get that much members can convert (but dont have to)
Pump and dump groups pump low volume, low marketcap coins that are easy to pump at current moment (low walls). (they wont pump and dump bitcoin/ripple or any other big coin)
Signal groups gives signal at any coin.
Join at liest one pump and dump group and signal group beafore posting about them.

no my friend. "signal group" is just a pretty word for the same old "pump group" and there is no difference apart from the fact that the signal group tries their best to hide the fact that they are a pump group otherwise they are not giving you trading signals. they don't even work for altcoins because of the high level of manipulation in the market itself so you can't even analyze the market and come up with a "signal" in first place.

and a pump group can also work on any coin. it doesn't have to be a small one. of course it is easier to pump smaller coins but it is sometimes more profitable to pump a bigger coin and depending on the size of the group and how much money the owners have they can pump any altcoin.
1407  Bitcoin / Bitcoin Discussion / Re: Is good seeing higher institutions embracing Cryptocurrency on: July 27, 2018, 06:27:18 AM
anything that is about adoption of bitcoin or is contributing to it is always going to be a good thing without a doubt. but the real question is whether these cases that you are seeing are actually about adopting/embracing bitcoin or is it only about embracing the technology and separating bitcoin from it. in most cases that I see these days it is the later  and these big institutes are adopting the blockchain technology to create their own centralized system based on it. that is not something we care about.
and many of these seminars, ... are turning into a place for ICOs to advertise and gain more gullible newbies to scam and earn money from!
1408  Economy / Speculation / Re: Craze! Bitcoin Price Jump Up To $350 In 24 Hours on: July 27, 2018, 06:15:55 AM
Do you think this increase is caused by BlackRock ?, because the global investment company is studying to use cryptocurrency and Blockchain technology.

some hedge fund company, no matter how big it is, saying they are looking into cryptocurrencies is not something that can trigger a big buy signal in the whole market. of course it is not ineffective either and I am sure some speculators took it as a positive sign and jumped in but it is not all the reason for the whole rise which was about 30% rise

regarding $300ish rise, you shouldn't really be looking at the number in $ you should instead be looking at it in %. for example Berkshire Hathaway price went up $5200 in a day but that is just 1% rise.
1409  Bitcoin / Bitcoin Discussion / Re: Dethrone Bitcoin? Nope not now! on: July 27, 2018, 06:04:28 AM
in order to "dethrone" bitcoin you need to create something that is better than bitcoin when it comes to usage and then get it adopted by people so that it can actually be used in the real world instead of just being on exchanges and being traded for profit.

so far not only we don't have any adoption of altcoins but also majority of them are a lot worse than anything that can even start to compete with bitcoin which is why it will not happen for a very long time.
1410  Bitcoin / Bitcoin Discussion / Re: Lightning network on: July 27, 2018, 05:55:59 AM
2. if the other coins that use LN have less fee and more tx/s onchain. then people will prefer to settle to those coins. especially if those coins are listen on the same exchanges and able to be used by the same merchant shopping cart tools

this is only true if  bitcoin fees go up and stay up. for example if fees become at least $10 and stay like that forever then it is the end of bitcoin in my opinion. but the thing is fees have always gone up because of spam attacks not because of lack of capacity and that means they won't stay up forever so there is no point for anyone to go use an altcoin that is not even accepted anywhere to make payments they wanted to make with bitcoin.
1411  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin slow when you talk about moving money? on: July 27, 2018, 05:50:35 AM
bitcoin has never been about instant irreversible payments. instead it has been about decentralization and security of a payment system that doesn't require any intermediary like banks to process your money transfers. and the time it takes to transfer the money you want to someone else is not something unreasonably high. it is good enough. and there are options such as lightning network that you can use if you want faster transactions.
1412  Bitcoin / Bitcoin Discussion / Re: What's gonna happen if Bitcoin gets ETF approval??? All about bitcoin ETF on: July 26, 2018, 02:32:27 PM
There are three things that are possibly going to occur if bitcoin ETF will be approved by the Securities and Exchange COmmission. The first is that bitcoin may increase in value because of the good news, 2nd is that bitcoins value will decrease in value or 3rd there will be no effect. So today what we have is only a possibility but we will see what will really happen only after it was approved.

I disagree. there is only one possibility, price will definitely increase in case ETF is approved by the SEC. and it won't be because ETF is a good thing or anything like that but it would be because of Fear Of Missing Out and pure speculation that bitcoin should rise because ETF was approved!
it doesn't have to even make sense, people have to believe in it and then act on this speculation for the price to go up. of course there is positive sides to such approval by SEC too but that will be more of a long term effect.

It still depends largely on what would the market reaction be. While most people are banking on the bitcoin ETF to be approved, without enough support on a possible push, it wouldn't be an increase at all. Most people see the approval of an ETF to be somewhat magical, while in reality if a large group of traders aren't believing on the effects of such, there would be a stalemate and no real crashes or increase at all. As you've said, it's pure speculation, and even with the approval of a 'big' event, what happens in the price will still be pure speculation, so assuming that it will definitely increase is somewhat wrong.

yeah, I agree. I actually have changed my mind in the past 3 days. I no longer say "definitely" increase any more. I think we may even see a drop although that depends on how the market reacts up until that point. the drop that I am talking about is the "sell the news" kind of drop which means there should first be a big rise prior to the statement from SEC regarding approval or disapproval of ETF.
1413  Economy / Trading Discussion / Re: What are the reasons you prefer investment in Bitcoin over other Cryptos? on: July 26, 2018, 01:24:55 PM
Litecoin only 400%
Ripple 2000%
Omni -90%
Peercoin -80%
NXT  100%
Namecoin - 75%
Quark -95%
Bitshares -~100%
Wordcoin -~100%

this is a bit misleading though because you are looking at their USD value where in fact you should have checked their BTC value. most people are investing in these coins with bitcoin and don't care about their USD which is why whenever there is a bitcoin rise these coins keep their BTC value more or less and show rise in term of USD where in reality there was no rise.

for instance in case of LTC its USD value shows a 295% rise (yes it is 295% not 400%) but its BTC value shows -65% drop.
1414  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: July 26, 2018, 01:04:21 PM
The best example of this is Gavin Andresen's faucet from way back. It used to pay out 1 to 5 bitcoins to users, so just imagine if the payment amount was not adjusted to the value of the coin. Gavin would have been broke within the first few months, after the price spiked.

it was a fixed 5 BTC per IP per day and it was from 2010.
back then people weren't really abusing faucets and weren't considering a faucet as way of "earning bitcoin"! it was more like a giveaway to try out this new strange thing on the internet they called "bitcoin".
and it wasn't just his own coins, for example there was a couple of 1500BTC donations, multiple 50BTC, 70BTC,...
https://www.blockchain.com/en/btc/address/15VjRaDX9zpbA8LVnbrCAFzrVzN7ixHNsC?sort=1

not to mention that in 2010 you could mine more bitcoin with your PC that you could abuse a faucet and earn.

So I should have a minimum of 0.00056000 BTC per week.
I am earning roughly that much now with my investment there Cheesy
1415  Economy / Speculation / Re: Bitcoin nearing %50 crypto marketcap domination on: July 26, 2018, 09:38:48 AM
Well the dominance is going to continue to increase, especially if the bitcoin price will keep on going up from now on. I can almost bet that it is going to go up until at least 60%, then it will be a good time to move back in alts again.

I wouldn't be so sure about that because this is not real dominance it is just market cap comparison between bitcoin and the rest of them and since there are a lot of them and it is easy to pump some coin with a huge supply and increase the market cap further the so called dominance of bitcoin would decrease soon.

as for going back to alts, there is no specific time for that. they are always getting pumped every day of the year. the pumpers aren't just going to stop because bitcoin is rising. instead they just move to another coin to pump that one then another next day and so on.
1416  Economy / Speculation / Re: Bitcoin might still crash with or without the ETF approval on: July 26, 2018, 07:49:07 AM
these days it seems to me that people are focusing all of their attention on what might happen in the market instead of focusing on what IS happening in the market and try to go with the flow not the flow that might come.
for example when price was at the bottom and market makers were accumulating people were focusing on what might happen if price goes lower instead of buying!
... then they complain why they have been left behind.
1417  Bitcoin / Bitcoin Discussion / Re: Future of crypto currency will be bright in India on: July 26, 2018, 07:21:37 AM
future of bitcoin is bright all around the world and it will make other projects and the technology itself to grow with it. the only problem is the government that sometimes in some countries they put some roadblocks in front of the adoption which will only slow things down and will force the country to fall behind from the technological revolution that is happening in the rest of the world. otherwise we will continue seeing bitcoin  grow and even in places like India people will continue adopting it without hesitation.
1418  Bitcoin / Bitcoin Discussion / Re: Actual bull run or price crash will happen after mid- August decision. on: July 26, 2018, 05:44:53 AM
we still have a very long time until SEC makes up their mind in mid August and during that time we can build up a very strong buy support at the bottom and bring it upwards and when that happens there won't be any "crashes". we will surely see a drop though but I don't expect it to be that big although it is always impossible to predict bitcoin, we may even see a big rise instead even with ETF rejection because it is not something that we need for bitcoin to succeed.
1419  Bitcoin / Legal / Re: Bitcoin Taxation: Major Challenge on: July 26, 2018, 05:35:04 AM
challenge for who?
the government is always facing a challenge asking people to pay their taxes and this is not just for bitcoin it is a general problem because people don't want to pay taxes. and bitcoin is not yet that big to even be considered a large enough tax revenue for the tax authorities specially in most of the countries with small bitcoin adoption. they don't even talk about bitcoin since it is small and the number of people adopting it is negligible.
1420  Bitcoin / Bitcoin Discussion / Re: Prospects of bitcoin on: July 26, 2018, 05:22:03 AM
the most important thing to have in mind is the fact that this is not something happens once for a new technology which is being adopted all around the world and it is not yet even adopted by 0.5% of the population. in a way you can look at all the 9 years so far as early stages of the rise which we have not even reached the first peak.

the first cycle of HYIP
the word is "hype" not HYIP which means high-yield investment program and is a type of Ponzi scheme

and I disagree none of these were hype. it certainly had traces of people getting too excited and buy bitcoin but they weren't the "reason".

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First, bitcoin will retain its leadership and no altcoins will be able to move it from the first place.
this is technically a wrong statement. the correct statement would be "...none of the existing altcoins..." not altcoins in general. in the future we may see potentially better cryptocurrencies than bitcoin be created if the altcoin devs stop asking for pump and dumps, premines, ICOs,...

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Secondly, the high volatility of the bitcoin price will remain. The reasons are obvious price manipulation by market whales and the widespread introduction of cryptocurrency market regulation.
price volatility is decreasing and it has little to  do with whales and manipulation. it is first and foremost because of the small size of the market. and it is decreasing because that size is increasing as the adoption increases.

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Third, given the inevitable rise in the price of bitcoin, you never need to sell it at a loss. Even if you bought bitcoin at $ 20,000 for a coin and it falls to $ 5,000 (that is, with a loss of 75%) - still do not sell it.
what you do depends on what your strategy is. if you bought bitcoin to trade it and make profit then not selling while price is dropping means you don't even know what your own strategy is. but if it is a long term investment then it may be OK to not sell although there is still good profit to sell on the peaks and buy back near the bottom.
the only case where you don't sell ever is when you buy bitcoin to use as a currency.
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