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2281  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: March 13, 2018, 12:24:02 PM
about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

I BTC investment on the online wallet is a big risk at least for me and I never put such a high amount of risk just for 4% profit per annum but it still depends on the individual. Yes, the site is paying people for a quite long time but that doesn't give any guaranty for the future so I don't take such risks.

that is true. and I didn't really intend to invest that much bitcoin there, it is just that I invested some bitcoin then I had some funds (my signature payments) that I wanted to consolidate and also I sold something and received the payment in the address there and long story short I had 1+ bitcoin there which I withdrew in less than a week.
I usually keep between 0.05 to 0.1BTC there but it sometimes grows bigger, then I make a withdrawal.
2282  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: March 13, 2018, 08:04:12 AM
[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.
2283  Economy / Speculation / Re: The General problem for being a bear or tradeing. on: March 13, 2018, 07:51:40 AM
You sell at $30 back in 2013, having bought in at say $15, pretty nice right....

but say you the see the market go to the $212 and wait for it to return to $30 ish....or even $45, and it never does, get to say $70 (this is sorta close to what it did in 2013).....

I think this has nothing to do with being a bear or even anything to do with trading!

instead this only means that the person doing this (which seem to be a lot of people these days) don't understand anything about the market.
in this scenario if you said the rise was to $35 and they waited for $30 again to buy back it was understandable and actually pretty logical. but not buying even when price reaches $212 which is 606% rise and still waiting for something that is long gone is just dumb.
you sell at $30, and price goes up, ok cool, buy back! that is what most people with half a brain did when price reached $1200 last year. they sold because they thought it is the end and bought back when they saw it is not stopping there and rising, they lost a little money but the rise to $20k covered any losses they might have endured.  Grin
2284  Economy / Speculation / Re: Shower thought. Would this start "killing" the banks? on: March 13, 2018, 07:33:47 AM
LOL, "According to the Federal Reserve, U.S. households collectively hold over a trillion dollars in credit card debt." https://www.federalreserve.gov/releases/g19/current/
so I don't think it will hurt them at all, there is already enough debt and if they were supposed to be hurt they would have!
2285  Bitcoin / Bitcoin Discussion / Re: Cobra-bitcoin compromised. Bitcoin.org is not safe bitcoin site anymore on: March 13, 2018, 07:12:55 AM
the very new SW protocol + moar complex road map (LN, 2nd Layer shit, nothing tested and ready soon)

or

BCH (= 8 y tested + little change to allow 8MB, but slow starting with <1MB in real = absolute ok, road map 32MB ... or 1GB ) ?

Or even

ETH, very young, not really scarce, Turing complete attack surface, scaling issues ^2 ...

you are just attacking SegWit and all that comes with it while hiding all the flaws in the other two which you mentioned here! which makes you comments here very biased and without any value.

lets see.
nothing about BCH is tested, the "8 y test" is the 1 MB blocks test not the 8 MB so that is the same. the flaws that will cause is that it makes running full nodes harder and harder by individuals in the long run if blocks become full not like so far with empty 100-200 kB blocks! and that leads to more centralization and eventually there can only be centralized master full nodes run by government agents instead of individuals all around the world and that kills bitcoin.

ETH is even worse! you can no longer start a full node, the sync is impossible at this point because how slow and HUGE the blockchain of it is. a simple surge of transactions can cripple the whole ETH network which will cripple not only ETH but also all the tokens that are based on it!
and worst but not last is the fact that ETH is centralized and ever since their roll back they proved it is not immutable either.
2286  Bitcoin / Bitcoin Discussion / Re: International Bitcoin's Day on: March 13, 2018, 07:06:34 AM
that is a cool idea but I think it may be too soon to get something like that. bitcoin is still pretty young and very small. and on top of that it has a lot of enemies these days that are attacking bitcoin constantly and spreading lots of FUD about it. you can't really get an international day for bitcoin as long as things are like this. bitcoin needs to at least grow more before getting a "day".

besides, unlike the "programmers' day" OP mentions, bitcoin has a "birth day" or starting day which you can consider bitcoin day. the day it started or the day of first block is a good one in my opinion.
2287  Bitcoin / Bitcoin Discussion / Re: Kobayashi and his malicious sellout 400 million USD on: March 13, 2018, 06:54:27 AM
So, there you go. We are all victims of an international bargain.

so you are saying that $20,000 was not a bubble, the drop down to $10k was not the bubble bursting and price correcting itself and you are saying all this time, with all the FUD and panic sells going on, none of them were the reason for the drop but the drop happened because of this theory of yours and the sells by Kobayashi?!

I can not see that to be true to be honest. I can give you the drop below $10k to be manipulation and massive dumping but not before that. additionally the news says Kobayashi has been selling for months not just during the drops. he started selling during the rise even before price even went above $10k!
2288  Bitcoin / Bitcoin Discussion / Re: Who controls the Bitcoin system? on: March 13, 2018, 06:48:41 AM
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.

Bitcoin is stored locally rather than on the Internet. It is essentially a file stored on your computer, mobile phone, or other hardware device, that is, a bunch of digital signatures generated by calculations, or strings. The circulation of Bitcoin is entirely controlled by the network rather than a third party organization.

please don't try to repeat but rephrase what you have read/heard somewhere and only understood half of it. it just makes your statement be weird and misleading.
the thing is, there is no bitcoin to be stored in first place. there are only keys and transactions. the transactions are stored on the public ledger called blockchain and the keys are what you generate/store to be able to spend those transaction outputs.
2289  Alternate cryptocurrencies / Altcoin Discussion / Re: Pros and cons of whitepapers on: March 12, 2018, 12:43:06 PM
since you posted this in trading discussion I am going to focus on that.

you only read an altcoin's whitepaper if you are interested in its technology and want to learn more about how it works and what ideas it is implementing. otherwise as a trader reading the whitepaper of an altcoin is not going to give you any worthwhile information about it. altcoins work based on hype and pump and dump. and neither of the good ones ever give you as big a profit as a pumped shitcoin can give you.

Well, if you only focus on short time hype trading it is true, whitepaper and basics won't matter. But if you also invest long term, it may show the potential of the project.

well the problem is that I don't see that many altcoins, specially the top 5 to have any good future in the long run. it will always come down real usage and majority of them have none. when they go up based on pure speculation and hype (which you may even call "pump") it is not something you want to invest long term based on it!
2290  Alternate cryptocurrencies / Altcoin Discussion / Re: Pros and cons of whitepapers on: March 12, 2018, 08:10:54 AM
since you posted this in trading discussion I am going to focus on that.

you only read an altcoin's whitepaper if you are interested in its technology and want to learn more about how it works and what ideas it is implementing. otherwise as a trader reading the whitepaper of an altcoin is not going to give you any worthwhile information about it. altcoins work based on hype and pump and dump. and neither of the good ones ever give you as big a profit as a pumped shitcoin can give you.
2291  Economy / Speculation / Re: Moon now? on: March 12, 2018, 07:55:32 AM
I think it is about to moon, yes..

Because of FOMO. I can see this hitting 11k in 24 hours.

Why? Because btc jumped from 8.5k to 9.7k in only one day. And it was Sunday.

The western traders did not yet trade,.. tomorrow the will start trading again, so that's when there will be FOMO

again, $11k is not the "moon" and it is not a hard target to be reached.
the thing about round numbers being big resistances ($10k in this case) has not applied for this particular price for a very long time now. it actually started the first time price dropped below $10k and went as low as $5900.

FOMO and moon will happen when price breaks $12000 and it heads up towards $20k again. that is when the real Fear of Milling Out starts and price shoots up because of it.
2292  Economy / Speculation / Re: Bitcoin update on: March 12, 2018, 07:07:04 AM
#BTC update/prediction : in down trend now, have a little bit support at $8000 and strong support at $7900, #BTC have to breakout at $10000 level to continue uptrend

I disagree with literary everything you said Cheesy

it is not a downtrend but instead a fall because price didn't break the resistance and the breakout didn't happen. the drop was well anticipated and kind of obvious but it is sometimes bigger thanks to all the FUD that accompany each drop.

the strong supports are at $9000 and $9500 as the current price and the history of previous drop shows. as I said going below it was thanks to the FUD which as you see didn't last.

and finally to have an uptrend price needs to break $12000 not $10000. the $10k will possibly happen soon if nothing changes, but if it doesn't go above $12k we will see the exact same drop be repeated.

Sorry but I also disagree with this analysis. If you really know how to read a chart you can see right away that $12,000 is the resistance level. We are breaking the 10,000 with no problem.

Anyway with my chart I am predicting that we will not break $12,000 resistance and we will go back down for the last time then it will bounce again when we are down to $9,000 then there will be a new trend.

are you disagreeing with me or with OP, I see you practically said the same thing as I said above but quoted my comment instead, so I am a little confused Tongue
2293  Economy / Speculation / Re: Bitcoin update on: March 12, 2018, 06:44:48 AM
#BTC update/prediction : in down trend now, have a little bit support at $8000 and strong support at $7900, #BTC have to breakout at $10000 level to continue uptrend

I disagree with literary everything you said Cheesy

it is not a downtrend but instead a fall because price didn't break the resistance and the breakout didn't happen. the drop was well anticipated and kind of obvious but it is sometimes bigger thanks to all the FUD that accompany each drop.

the strong supports are at $9000 and $9500 as the current price and the history of previous drop shows. as I said going below it was thanks to the FUD which as you see didn't last.

and finally to have an uptrend price needs to break $12000 not $10000. the $10k will possibly happen soon if nothing changes, but if it doesn't go above $12k we will see the exact same drop be repeated.
2294  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin the Biggest Bubble in Human History? on: March 12, 2018, 06:35:43 AM
"bitcoin is a bubble" is the new motto that idiots are using instead of the old see through one "bitcoin is dead". and this is also starting to become see through. the effects of it is no more than the old one since people are now familiar with how the FUDsters minds work!

I think it is time that we also start a new list like the obituaries list which now includes all the bullshitters who are calling bitcoin a bubble for the historic fun of it.
2295  Bitcoin / Bitcoin Discussion / Re: Is this real? on: March 12, 2018, 06:25:13 AM
yeah, well this is just another attack on bitcoin like thousands of other types of attacks against bitcoin. it may not seem like it but there is a war going on. there are in fact people who are scared of bitcoin because it is threatening their corrupt way of controlling money and they are seeing their future and they don't like it.
so what do they do? they try to delay the inevitable as much as they can.

but unfortunately for them, they have already lost the fight and the more they fight it the farther behind they will fall. other countries have already moved ahead with adopting bitcoin and are growing bigger by the minute, countries such as Japan, Germany, Canada, Switzerland,...

I say let forbes and the quoted person in their articles put their head in the sand while others move ahead and leave them in the dust Wink
2296  Bitcoin / Bitcoin Discussion / Re: Teach me something I don't know about Bitcoin. on: March 12, 2018, 06:19:34 AM
you will never learn much by asking random questions. the knowledge is not something small and limited so that you can learn it just like that. there are so many different topics that can be covered, but where to start?

think about which topic you want to learn (for example is it basics, mining, cryptography, ....) then start using Google. all the information you want to learn is already out there. and there is a 99% chance that someone already asked it, you can find the answers on either the bitcoin wiki or stackoverflow websites.
2297  Bitcoin / Bitcoin Discussion / Re: Russia to Criminalize Bitcoin Use.. on: March 11, 2018, 11:50:23 AM
as I have been saying for the past two years, until there is actually a law in Russia regarding bitcoin and its usage and other cryptocurrencies, everything you hear in the news regarding Russian stance is a total bullshit and must be ignored.

for years the news has been saying similar and at times contradictory things regarding bitcoin. you can find articles saying Russia is banning bitcoin and articles saying Russia has no problem with bitcoin at the same time and to this day no law has been set for bitcoin... and talk is cheap!
2298  Economy / Web Wallets / Re: Does blockchain.info keeps my private key? on: March 11, 2018, 11:24:33 AM
Blockchain.info keeps your wallet file which contain encrypted private key/seed, but they claim they don't have access to user's wallet and it's been proved with their open-source software even though i think there's no sure way to verify if blockchain.info use exactly same software within their website/app without add any backdoor.
As for other private info they store, i think only your email address, IP/browser details & mobile number (if you add one).

If you have privacy concern, i suggest you to use Desktop wallet, whether it's SPV or full nodes wallet such as Electrum and Bitcoin Core.
Seriously, I have read a lot of articles where many authors have claimed that blockchain don't really store the private key while many other authors claimed that it does. Its really quite confusing. Since they claim they don't really store users info, so I believed private keys will be part of it. Even if they do store it, I just hope it is well protected. But in the main time, I might consider moving to desktop wallet as you suggested cause I have been using web wallet since I started out in bitcoin and haven't received any bad news and I felt web wallet is less stressful for easy transaction.

you should seriously stop reading crap online written by random people who call it "articles". one of the plagues that bitcoin is fighting these days are these exact shitposts all over the internet, specially written by news sites.
try to read only from trusted sources and if you doubted anything seek opinions of professionals or experienced users whom you trust their opinions.
2299  Economy / Service Discussion / Re: What is best Bitcoin mixer now that Bitmixer.io is gone? on: March 11, 2018, 07:40:01 AM
I value my privacy and loved Bitmixer.io but it is gone. What is the next best one that doesn't rip you off? Thanks..
I have used https://[banned mixer]/ it is started on more than one year ago, so it can be trusted and no complaint from the other users, it is simple, easy to be used, secure and cheap fees, cryptomixer is the best choice, for more information about the [banned mixer] can visit the website and they give the information about your question.

I don't think cryptomixer is the best place to mix your coins simply because they are not popular enough for this purpose. the more popular a mixing service is, the more it is used and that means tracing the coins through these services becomes that much harder. but when rarely people use them, it may become easier to trace the transactions that go through them.
I remember they started a long time ago and did it with a signature campaign on bitcointalk but because of lack of interest in their service they had to reduce the payment then eventually after a short while they couldn't handle the costs of a small signature campaign!
2300  Economy / Speculation / Re: sunday dumping on: March 11, 2018, 07:14:38 AM
everyweek,,sunday bitcoin price is dumping,

do you know why??

no it is not every week, there are enough weekends that bitcoin price rises instead of falling or stays the same and because of that you can not come up with a reason why. when there are enough exceptions you can not make a rule.

and in case you are trying to come up with a strategy or something like that to make profit by predicting based on patterns, I just have to warn you that you may lose a lot of money because there are no patterns here!
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