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2601  Bitcoin / Bitcoin Discussion / Re: Bitcoin falls as one of the world's biggest cryptocurrency markets on: January 11, 2018, 07:47:49 AM
this was just an excuse to dump bitcoin and spread some FUD to make the rest (the newbie panic sellers) dump their coins so that they can buy it cheap at the bottom and make a big quick profit out of it!

and as for the news itself I find it absurd that they are still trying things like that. banning trading! the government is just going to embarrass themselves with things like this. banning will never affect trading of cryptocurrencies. specially these days that decentralized exchanges are becoming more popular and it is impossible to ban them.
in fact when they ban a "centralized" exchange which they can monitor and control, they will be pushing people to decentralized exchanges which they can neither monitor nor control. so I guess it is a good thing after all...
2602  Economy / Gambling discussion / Re: My dice site is not worth? on: January 10, 2018, 09:14:10 AM
nobody is buying your script/website because people who are interested in starting a new dice gambling site are two kinds:
1. those who want to create something cheap with not much investment.
they will look for free scripts, I have even seen free hosting and domains be used by these people. they don't want to spend any money if possible so they are not going to buy a website script from someone else at a high price that you are offering.

2. those who want to create something big and make real money from it.
this group which consists of a small portion of people out there, want to start a successful business and make real money from it. something like the big dice sites these days.
they will not want a script from you. they will have their own team of developers and experts designing something good to be successful.

your only chance of selling what you have is either selling it for a very low price, or make it bigger and get people to sign up and make it more popular then be able to sell it properly.
2603  Economy / Gambling / Re: Will be interesting for you? on: January 10, 2018, 09:01:31 AM
Thanks for answers!

Are you interested in such gambling system:
1. You make a payment
2. The timer starts for 1 minute
3. Someone is betting etc...
4. The winner will be who will make the last bid and collect all coins

Real-time coins payment.

this is another issue with this type of gambling.
most of them are not like the common gambling sites (eg. dice sites) where you make an account and make a deposit to play with that. these type of games happen in real time with on chain transactions which happen all the time and with current high fees there won't be anyone interested in gambling like that.

however there is a good news here. with Lightning Network this can become free (no fees) and instant. you just have to learn how it works and open a channel so that people can make the payments instantly to your LN wallet and get their payments back instantly if they won.
this can also increase the speed of betting by a lot in a trustless way where people don't have to leave their coins in a casino wallet.
2604  Economy / Speculation / Re: Bitcoin could ‘easily double’ in 2018, says Fundstrat’s Tom Lee on: January 10, 2018, 08:54:55 AM
I don't know why you think this is a "call for attention" thing. I see a somewhat reasonable speculation out of him. and it can easily happen.

we are currently in a period of time that needs to be like this.
currently the year has just started, traders have not come back completely out of their holiday to start trading bitcoin again and those that are here are focusing on the altcoin pumps to make more money.
all these can change in a short time where market dynamics switch to a big rally in bitcoin and by that time the FOMO buyers will also be back and they will create the next bitcoin bubble and by mid 2018 we will see the bubble correction and continue to rise afterwards.
2605  Bitcoin / Bitcoin Discussion / Re: Transaction Tracking with Clustering on: January 10, 2018, 08:13:56 AM
I read about this yesterday and I still don't understand what is "new" about what they are doing here. we have always known that there were companies doing blockchain analysis like the one owning the walletexplorer.com website, and we have always known of different methods to "unreliably" track transactions in the past too. and so far nothing has changed about blockchain to change anything about their methods.

While they say they are doing this in order to track crime on the blockchain, many view it as an invasion of privacy on the network which leads to mistrust in other participants. 

What are your views? Do you think that it is more indication that users should consider privacy conscious coins?

I don't consider this an invasion of privacy because we have always known that all our transactions will always be stored on the blockchain for everyone to see. so we knew what we were getting into and bitcoin never promised high level of anonymity and privacy either.

and people who want to do illegal activities and hide their tracks will use either cash or truly anonymous coins like monero and I don't see why this has to change just because of this news.
2606  Bitcoin / Bitcoin Discussion / Re: Just an idea for Bitcoin on: January 10, 2018, 08:04:51 AM
well bitcoin is a decentralized network and in order to participate in this decentralized network and gain the benefits of using it, you should become a part of this network and that requires you to run a full node. that should be incentive enough for people to run a full node. and specially when they own a considerable amount of money in bitcoin (anything more than 1-2BTC) they should run one.

additionally if I understand it correctly, with Lightning Network you should be able to run hubs on top of your bitcoin full node and by doing that get some small amount of fees for processing transactions.
2607  Bitcoin / Bitcoin Discussion / Re: Bitcoin to 3rd world countries on: January 10, 2018, 07:52:58 AM
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
of course it is useful for them.
the obvious thing is the profit that they are getting from investing in bitcoin. you can see how big bitcoin has grown and continues to get and that is helpful for people who want to invest their money in something easily and make a lot of money.

and apart from that if the fees come down like the last 9 years, bitcoin as a currency has a lot of usage for them to purchase stuff from the internet and even get big discounts for it.

Quote
What would be the government's approach to this kind of currency?
just because a country is considered under developed, their government approach doesn't have to be different.
2608  Economy / Gambling / Re: Will be interesting for you? on: January 09, 2018, 01:50:41 PM
I personally don't like binary options as a gambling game.
but I have to tell you that based on what I have seen so far, I don't think that many people use this method of gambling because there have been multiple binary option sites working with bitcoin price movements and they existed for a while and then disappeared. which can only mean one thing: business was not profitable.
2609  Economy / Trading Discussion / Re: Trading website that doesn't lock when asking/bidding on: January 09, 2018, 01:30:58 PM
no place will ever do such a thing because first of all it is a tough thing to program and secondly it will create fake orders in the order book which in other words means fake support and resistances in the books.
you can't just add fake orders to the market, that is unfair and makes analysis impossible. I can deposit 10BTC in an exchange and then place 10000 orders in all the markets and write a simple program that cancels the order and places it a little further down so it never gets filled either!
2610  Economy / Trading Discussion / Re: When to Buy bitcoin? on: January 09, 2018, 01:22:06 PM
if you are not comfortable with trading in short term specially, then you can simply turn to investment instead which is something like a long term trading strategy.

in this way you buy bitcoin when there is a major drop, something like the recent drop down to $11k-12k price range. this is called buying in the dip, then you hold and wait for the rise or a major big rise to happen and when you feel like it is near the end you sell before the correction to buy back in it again.

in this process you can invest some amount of money, lets say $1000 and then each time you take the profit out and keep the $1000 in it for next profit. or you can keep the profit in bitcoin not in fiat too meaning you add to the amount of bitcoin you own.
2611  Economy / Speculation / Re: Big Daddy Bitcoin is Back & Your Alts Might be Hurting Because of It on: January 09, 2018, 12:52:13 PM
^ Rofl.  I mean I get it.  I trade in and out of alts to add to my BTC stash too.  But saying Raiblocks solves all of BTC's issues and almost insinuating that it's gonna be the next BTC is just...  well kinda dumb.

Raiblocks of all things.  Lol.

almost all the altcoins have made such claims about their coin fixing the issues that bitcoin is facing and only a handful of them have actually done something about it in reality not just advertising method...

I think I have said this before but if anything has any chance of competing with bitcoin it is these coins that are using DAG technology. of course Raiblocks is a combination of dPoS DAG+Blockchain!
they claim to have tested 7000 TPS on testnet how much it really can process? we don't know yet.
but also the issue that I find with the claim is that the test was done on a strong server capable of processing that many "connections" which is against decentralization...

or for example Byteball is a project that I like myself but so far you can not be a witness and that means the owner is setting them = centralized. if you are curious it only processes 20-30 TPS
same with the other one (IOTA) maybe a little more ~50 TPS.

not much improvement if you ask me.
2612  Bitcoin / Bitcoin Discussion / Re: READ THIS: BANKS & GOVERNMENTS are currently trying to BAN/CONTROL Cryptos on: January 09, 2018, 12:36:47 PM
the "word" you ask us to spread is wrong because you are first of all saying "currently" which as it happens, this is not something new. the "war against bitcoin" has been going on for a long time now. and they have never been capable of banning or controlling bitcoin.

this eventually led to creation of centralized cryptocurrencies such as Ripple by the banks to try and compete with bitcoin and in the end the project purpose turned into a money making purpose instead of any kind of competition.

I specifically find the following funny:
Quote
When Bitcoin volume is high, NSA is attacking non-US crypto exchanges (DDOS Mainly Bitfinex & Binance).
this only shows that you don't know anything about any of these places.
the only reason why these exchanges and also others like Coinbase, Kraken, Poloniex, ... go down is because they are shitty businesses who don't plan ahead of time for the surge of requests their servers are going to get and refuse to upgrade to stronger ones that can answer that kind of user demand at times of pump and dumps.
2613  Bitcoin / Bitcoin Discussion / Re: Is bitcoin dead? on: January 09, 2018, 12:26:21 PM
Bitcoin is the father of all coins and there is not way it will ever die.
if it dies, it will take all the other coins with him.
The crytoworld cannot survive without bitcoin.
...an interesting hypothesis: cryptomir can survive without bitcoin.

there is a very tight relationship between bitcoin and altcoins. more than you can imagine. most people are ever buying altcoins just because they want to earn more bitcoin and if they don't need bitcoin anymore they wouldn't be trading altcoins either.

although saying "if bitcoin dies" is so abstract. it is nearly meaningless thing to say. the important thing to be discussed is "why would it die". then based on that why the result about altcoins may be very different. and most reasons will result in 100% death of altcoins too.
2614  Bitcoin / Bitcoin Discussion / Re: Korea, China and Japan are Swapping Ideas for Cryptocurrency Regulation on: January 08, 2018, 01:55:12 PM
there are all kinds of products and services accepting bitcoin in Japan. doing a little search in bitcoin related social media in the past 6 months turns up a lot of them.
here are some examples:
taxi:


BIC camera:


grocery store??:


sopping Mall:


Visa prepaid cards:
https://news.bitcoin.com/japans-bitcoin-exchange-bitflyer-bitcoin-visa-prepaid-card/

2615  Economy / Service Discussion / Re: Hello Fellow cryto dudes please review my new tool on: January 08, 2018, 01:46:11 PM
you need to add more options to your main page. for example look at coinmarketcap.com I can simply sort the coins based on volume, price, price change, name, supply, and market cap.
also http://www.coinliker.com/trending what are these sorted by? the price or volume or both? and why are prices reported based on $? most of these can not even be traded with $!

finally the heard sign under the coins is useless, I visited the trending coins and just kept clicking the icon and increased the first coin (GTC) hears from ~160 to 170+
2616  Bitcoin / Bitcoin Discussion / Re: Litecoin instead of Bitcoin? on: January 08, 2018, 01:38:20 PM
you don't have to send bitcoin to know the fees, I am not using coinbase but I am sure they will show you the bitcoin withdrawal fees before you make a withdrawal. check it out and see how much it is. but it is surely a lot more than LTC withdrawal fees based on the fact that bitcoin fees on chain are high.

with that said withdrawing LTC is cheaper but be sure that the price you buy LTC in coinbase is not so much different than the price you sell LTC on binance. if there is a big gap you may lose a lot of money. additionally you have to consider trading fees which you have to pay twice.
this method is mostly good if you are transferring small amount of money like 0.005-0.01BTC but it if it is higher like 10BTC then you may lose a lot of money in fees.
2617  Economy / Speculation / Re: will bitcoin rise up to $30k in 2 months? on: January 07, 2018, 09:33:17 AM
it is actually a great advertisement for bitcoin. in the past few days we have had two of these things about two big millionaires related news about bitcoin directly or indirectly and these things are always a good news for giving bitcoin adoption a push and that means practically a price rise.

$30k in 2 months on the other hand has little to do with this particular news though! it is just saying he is looking into them he didn't say Facebook is going to adopt bitcoin tomorrow Smiley
2618  Bitcoin / Bitcoin Discussion / Re: Mark Zuckerberg is looking into cryptocurrency ::) ::) ::) on: January 07, 2018, 09:22:19 AM
it is pretty interesting to hear this. although I don't yet want to get my hopes up for Facebook adopting bitcoin exactly. and it is a little strange to me to read about how he is just starting to wonder about bitcoin and cryptocurrencies now, after all these years of bitcoin being around and being adopted. specially after this year when it made a lot of noise when Japan adopted it and then price started to rise.
everywhere you looked people are talking about bitcoin!
2619  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fee on: January 07, 2018, 09:13:04 AM
Say one has to send 35 dollars to complete a transaction but the priority fee is 25 dollars. Could one send the 25 dollar fee plus add an extra 10 dollars to make it so it all adds up to 35 dollars? This way so one doesn’t have to send a total of 60 dollars?

only your bank can answer this because banks are the ones processing "dollars" transactions not anyone here. and each bank has a different set of fee rules they use for processing transactions and they may even prioritize them based on the amount being transferred.

if you have a bitcoin transaction question then first start by talking about it in terms of bitcoin and fees in terms of "satoshi per byte". so we can answer you.
2620  Bitcoin / Bitcoin Discussion / Re: 1 in a million (updated for 2018-1) on: January 07, 2018, 08:54:23 AM
2018 is already here and with this post I will update this topic with the 6 months price to be "1 in a million". things have been crazy in the past 6 months and we have had a huge rise and a large drop afterwards but things are still going up and it becomes harder to be that 1...

Date|21BTC cost
2015|$5,670
2016|$12,117
2017-1|$21,000
2017-6|$50,400
2018-1|$294,000
2018-6|$???
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