it sounds nice but I don't think there is a real "need" for something like that. so in case you were thinking about selling it then think again specially since you already know it would be used by some hobbyist/ small traders. but if you want to give it away then why not make it open source? open an account on github and then put the source code alone there and make a topic in Project Development board here https://bitcointalk.org/index.php?board=12.0
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if you can't spend the time on learning it and then doing it then it is probably best that you don't start wasting your time with trading at all. because with 15 hour/day job you have no time to learn trading and that takes quite a lot of time and then the trading itself will take a lot of time too, specially when you are a beginner and need to spend more time analyzing everything and every move you have made in the past so that you can gain experience. and being successful in trading is just that: experience. if you can't gain it then you will never be successful.
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In any case, this is a propaganda war on both sides. It's funny seeing people bash each other on social media.
it is funny until it starts damaging the newcomers to bitcoin. millions of people are exposed to all this nonsense every day on twitter, reddit, and elsewhere and the damage is growing. for example when a newbie who wants to start getting involved with bitcoin searches and finds bitcoin.com and buys something that THEY are calling bitcoin but receives bitcoin cash instead shit like this happens https://bitcointalk.org/index.php?topic=
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adoption of bitcoin is inevitable which is why the price rise is always inevitable too. they can manipulate the market, dump it, spread FUD and the price can drop at times but in the end it will pick up again and start rising. this is why the bullish speculations are always the easiest and they are always right at some point and also the long term investments are always easiest and most profitable for newcomers.
this is what the "duck" knows best. he has been trading bitcoin longer than any of us, the fact that he always spreads his FUDs inside the dips and when they are at an end shows that he has buy orders set at the bottom of the dip and a couple of lowball bids that he wants to be filled.
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Which was another round of fake news with no support. Those claims about Zimbabwe using bitcoins for purchases appeared when the average tx for a bitcoin transaction was over 10$. How could somebody in a country that has a media wage of 300$ pay 10$ for a purchase?
but about this I have to say the way I have heard Venezuelans are using bitcoin is to use it to import stuff like food to their country. they mine bitcoin with cheap electricity and in some cases underground and then use the rewards to purchase goods and have them sent to a place nearby and them bring it in their country and sell it to people. $10 or even more fees don't matter for them because the profit is good enough to cover that. good catch on the volume thing by the way but it is worth mentioning that this volume has grown from 0-20 bitcoin in one week at 2017-12 to 500-800 bitcoin per week in past 4 months. that is a huge growth.
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you can not shut them up and most of them are not bitcoin haters to begin with. they are hardcore bitcoin believers who know how the newbies minds work so they only spread FUD while they fill their own pockets with cheap coins as the newbies panic sell. in fact this is How I Learned to Stop Worrying and Love FUD. you need to do the same, it exists and we can not kill it so we need to learn to adapt and use it to our own advantage. accumulate more bitcoin each time they try to spread it and take the cheap bitcoins out of whales hands instead of letting them become bigger.
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if you are talking about all the ID and passwords that you use then you should know that there are different security levels for each of them. for example the email that I use to sign up in places where aren't important like reddit account,... (more like throwaway email which is filled with junk) is not important. the password for it is something like 123 and it is stored in my browser.
but the password to my encrypted bitcoin wallet is a strong 15+ random letters and symbols which I have written on a piece of paper. and there is everything else in between. there are lots of ways to store them too. for example one of the popular methods is using password managers. these applications can even generate random secure passwords which are strong and then store it for you (encrypted).
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What would happen to the value of gold? What do you think the value of new gold would be?
how much is it going to cost you to create this new gold of yours? it is all about the production cost. it may cost you 10 times more than it costs to extract gold for the ores. so your "new gold" would cost 11 times more than "real gold" and price of gold is not even going to be affected by it. if it costs exactly the same (in cryptocurrency analogy if you simply copy pasted code to create your own altcoin similar to bitcoin) then the value of the original won't be affected and your new product will cost a lot less because it is still a copy not the real thing and it has "impurities" and downsides.
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Daily coffee purchases in Bitcoin with transaction fees = big no. Sorry Mr. Draper but I am not impressed I will stick to my banksters card and continue to speculate with Bitcoin like yourself and everyone else And newsflash, I can load Bitcoin money onto my fiat banskers card like right now. Mind-blown how many cups of coffer you buy every day with your "bankster cards" now? and it is interesting to see a legendary member who has been around for years who still thinks when we talk about buying it is only buying coffee and there is nothing else in the world to buy! I guess all these purchases that are happening, all the merchants, all the huge stats that bitpay reports of million dollars processed every month are all fake because you can't buy coffee! not to mention that we have lightning network now and soon using it you can buy your damn coffee without fee and in an instant
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When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
whatever you do, do not trust USDT that much because its future and its price depends completely on one company that may exist today but disappear tomorrow and with it being tied to also bitfinex a simple exchange hack can turn into a disaster for this altcoin. back to topic, what I do is that I consider bitcoin as my currency instead of fiat. this means I invest my bitcoin and I buy before the pumps and then sell on top of the peak of the pumps and that way I increase the amount of bitcoin that I have.
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bitcoin adoption is not something that government can stop at this point. it is growing fast and in a decentralized way. if they continue fighting it off then they will end up having people secretly accumulating bitcoin and that can even lead to exiting of a lot of money from their country and no country wants that. people simply will be forced to do their trades overseas and that requires them to wire money out!
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I hope it takes a little longer to break $10k and go above it because if we see $10k before this week ends that means there is a risk of a huge wave of FOMO buyers running back to bitcoin and that can lead to another bubble! we may see $20k in less than 10 days then and that is never good. it is best to see price be stuck below $10k for a little while or at least go back to $10k and stay below $11k for a while for accumulation and continue this slow rise.
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Presumably the results of the CFTC inquiry will be made public? Is there an estimated timeline?
this is not something that will be finished in a short time! there will be a lot of lengthy legal debate between the two sides and they will prolong it as much as they can and meanwhile continue operating the way they were before. not to mention that bitfinex is planning on moving to Switzerland which may even make things a lot easier for them to win the subpoena! This story went quiet very quickly, there still doesn't seem to be any firm information as to what the subpoena is for. It is also quite difficult to see how the Commodity Futures Trading Commission of the US has any jurisdiction over foreign exchanges even before moving to Switzerland. well the news was mainly being spread in the media in order to cause panic, in other words it was some sort of FUD to push the price even lower. if you check the dates of the news you can see it started coming out and filling the media months after the actual Subpoena was sent to bitfinex! and now price is rising, nobody cares about negative news like this so even if there is some development in that front we will not hear it unless there is a correction or some big drop or something!
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anything that is about bitcoin will have an impact on the future of bitcoin! the difference is the result of the policies they decide to put in place for bitcoin. it can speed up the adoption of bitcoin and with it increase the price of bitcoin (like Japan last year) and also help the economy of the country. or it be naïve and restrictive and slow everything down, mainly in the said country.
one inquiry talks about crytocurrencies being compared to "pyramid Scheme" which is a total non-sense. While the intention is noble, given the benefit of the doubt, but the problem is making them understand and that's probably one of the challenge to look into well there is always that one idiot everywhere who is saying something like that. sometimes that idiot is a government employee. these days countries that decide to go against bitcoin won't succeed anymore because the adoption has already started everywhere. it may be small but it exists and it is growing. on top of that the bigger developed countries such as Japan, Germany,... have adopted bitcoin already so when one small country goes against the tide they are just making a dumb decision.
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Presumably the results of the CFTC inquiry will be made public? Is there an estimated timeline?
this is not something that will be finished in a short time! there will be a lot of lengthy legal debate between the two sides and they will prolong it as much as they can and meanwhile continue operating the way they were before. not to mention that bitfinex is planning on moving to Switzerland which may even make things a lot easier for them to win the subpoena!
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Segwit was not part of the original Bitcoin system and never will be. It promotes something completely different than what is stated in the Satoshi whitepaper. Can you explain this with more details? What was in the whitepaper and why is Bitcoin now "completely" different? This is not an attack, I want to know what you are talking about. I am as lost as most newbies here sometimes. he is just talking out of his ass it is like saying P2SH (multi signature features aka addresses starting with 3), all these OP codes and lots of other additions are not a part of bitcoin and never will be because it is not in Satoshi Whitepaper.
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Another day another Amazon rumor, I'll wait for a more concrete source or Amazon verification before my hopes are up.
it is not really a big deal to doubt its reality Amazon is not just the retailer shop thingy online, it also has a lot of servers which they are renting and making a lot of money from. many have been using these AWS servers for running their bitcoin nodes and a lot of other cryptocurrency related stuff such as ICO crap. now they are adding easier to use features for them so that they can get more customer and earn more money! the thing we are waiting for is for Amazon to accept bitcoin payments.
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anything that is about bitcoin will have an impact on the future of bitcoin! the difference is the result of the policies they decide to put in place for bitcoin. it can speed up the adoption of bitcoin and with it increase the price of bitcoin (like Japan last year) and also help the economy of the country. or it be naïve and restrictive and slow everything down, mainly in the said country.
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What do you guys think is a good approach to avoid losses when you trade?
Do you guys set a number before selling, for example, only trade when you have -5% or a +15% ? Any guide?
yes that would help and you should always have these numbers set in your head for every trade but this is not the first step. this is more like the final step after you did everything else where you just put a safety net for yourself. the first step that you should take is to choose your investment wisely! master timing! and have a perfect plan. if you buy a coin at the right time you won't even need these percentages. they are just there as last stance.
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you can never measure these things with asking a question like this and the bigger problem is that what people answer (like X is good and Y is bad support) is not reliable. I am not saying they are lying but I am saying they don't give enough information so that you can say whether the support is really good or not.
let me give an example with a popular bad exchange with bad everything. I have been trading on Yobit, only deposited bitcoin and after trades I have withdrawn bitcoin. I have also contacted support and I have always received my answer in a very short time. even in 5 minutes. in my perspective Yobit is a good exchange. but is it really? what I trade was bitcoin, their problem is everywhere else. what I asked from support was simple questions like "when will the airdrop be" and never had a major issue to get stuck not getting answer for months!
same thing is happening with any casino support or services out there.
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