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2701  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin's dominance stay above 50%? on: December 19, 2017, 08:58:01 AM
in the past few weeks and it looks like billions are pouring into different projects in the crypto world,
you are talking about market capitalization and then using it instead of volume.
what you see as "billions" is the market cap of those projects. the volume going into each of them is way lower than this number. in fact most of them don't even reach a considerable amount. they stay at a couple of thousands. and when they go up they only go up temporarily (2-3 days in most cases) before being abandoned again.

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If this continues I can see Bitcoin eventually equally sharing the market with other niche coins,
you are confused about market capitalization and sharing the market.
and it is a very unfair comparison. because first market cap is a useless factor for comparing since it is easily misleading. you are practically comparing bitcoin which only has 16.7 million coins in circulation with at least 1500 different coins each have from 100 million to 100 billion tokens which is bloating their market cap and the worst part is that most of their supply is not even in circulation.

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many have predicted in the past the death of altcoins but they help strengthen the economy and trust in them is now building very fast.
definition of being a "strong cryptocurrency" is not having some short term pump and dump and increase in volume for a couple of days and then not a peep out of them.
it means a high volume for long term and sustaining it. it also means being adopted by merchants and be used as a "currency" otherwise why are we even talking about them when they never leave exchanges and speculation!
2702  Bitcoin / Bitcoin Discussion / Re: [suggestion] This is right or wrong. on: December 19, 2017, 08:48:41 AM
well you are practically trying to trade or maybe we can call this  day-trading although you are choosing a big range with a big profit instead.
what you need to know is that trading is not just buying at some arbitrary (low) price and then selling at some other arbitrary (high) price. if it was that simple then everyone would have been rich by now. the hard part is choosing those two prices.

for example you have to ask yourself why you chose "18000 dollars /1BTC" as your buy price. and why you chose "20000 dollars / 1BTC" as your sell price.
if you don't have convincing answers to these questions then you should not trade.
2703  Bitcoin / Bitcoin Discussion / Re: Learned so far, never sell Bitcoins out of panic in a dip! on: December 19, 2017, 08:41:45 AM
making mistakes like this don't matter. mistakes like selling in the dip or mistakes like buying on top and then experiencing a big drop and big losses.

what matters is what you do when you make those mistakes. because making them is inevitable. for example if you sold in the dip out of panic and price started recovering what did you do? most people stand around and watch the price go up wishing it would come back! but the successful investors buy back.

the same goes for buying on top and when price drops. you sell to prevent further loss and buy back after the drop was finished to recover the small initial loss and make profit on the recovery.
2704  Bitcoin / Bitcoin Discussion / Re: 1,000 People Own 40 Percent of Bitcoin Market on: December 19, 2017, 08:28:11 AM
1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

yes and even less people own even more larger persentage of ethereum market this is type of thing that happen in world , smartest people adopt first and people who are with mental challenge adopt last . in this world majority of people not so smart so ratio always will be like this with every coin

I am still skeptical about the numbers that article is giving us but I have to say there is a huge difference between people holding bitcoin and people who own ethereum.
those who have any bitcoin have either bought it with their hard earned cash from the market or they have mined it in early years or are still mining it with ASICs and they are taking a big risk.
but those who are controlling ETH have gained their control through premining 70+ million of it! they are not risking anything, it is free money they got out of thin air.
2705  Economy / Exchanges / Re: Bittrex question and general trading question on: December 18, 2017, 09:20:27 AM
Is there a way to cancel multiple orders with 1 click?

I have 20 pages of orders and want to cancel them. But I don't want to click them one by one

there is no way of doing that apart from either clicking on each cancel button of every single order you want. or learn programming and write a program that lists all your open orders with an API call through their service:
Code:
https://bittrex.com/api/v1.1/market/getopenorders?apikey=" + ApiKey + "&nonce=" + nonce;
then select the ones you want to cancel and write a loop to execute a cancel request for each of them
Code:
for(//all the selected orders)
https://bittrex.com/api/v1.1/market/cancel?apikey=+" + ApiKey + "&uuid=" + OrderID + "&nonce=" + nonce;
2706  Economy / Gambling discussion / Re: Bitsler or freebitcoin,which one is the fairest ? on: December 18, 2017, 09:11:08 AM
in gambling there is nothing called being "farer". a casino is either fair or scam. there is nothing in between. because things must be provably fair to play there. and both places have implemented a strong and reliable probably fair system which players can easily check for themselves on every single roll they make.

it is all about the house edge and I see people are giving different numbers for both sites like 2%, 7%,... which is pretty weird because as I recall bitsler has 1% house edge like most dice sites and freebitcoi.in has 5% which is why it is giving you those numbers as your high and low when you put it on 2x multiplier.
2707  Economy / Gambling discussion / Re: Real Casino or Digital Casino. Whats is your Poison? on: December 18, 2017, 08:57:02 AM
What is your best way og gambling.
Real casinos or digital and why.

both are good and they are used for different purposes and under different circumstances. so I guess you can not really compare them with each other.

for example a Real Casino is real which means you have to physically go there. you have to spend some time in traffic, go there, waste a lot of time, ... and that is only if there is an actual good casino within driving distance of yours which in many cases there are none.
in the end obviously the atmosphere is like half the fun of gambling. and some games such as poker require some face to face interaction to be properly played.

but a digital Casino in comparison is more continent at times. you don't have to go out of your house. you can just play a game in your underwear while lying down on your bed! and you can stop and continue your life whenever you got tired of it. with cryptocurrencies such as bitcoin you don't have to register on the Casino either. you can just give them an email and make a deposit. some of them don't even need an email!
but obviously they lack that atmosphere and that interaction that gambling requires to be fun.
2708  Economy / Trading Discussion / Re: trading on: December 18, 2017, 08:34:49 AM
I think it is safe to say that the whole idea of it is exactly the same. you invest in things that have potential while they are cheap and sell them when they reach their potential for profit.

but the biggest difference that I can think of is the size of the market and also the level of manipulation which may partly be because it is an unregulated market and also be partly because most of the altcoins are heavily centralized and a couple of entities like the devs or some big whale controls majority of that altcoin.
so you see lots of pump and dumps in altcoins that you never see anywhere else in the world. and this is a big difference which can be both good and bad because manipulations are unpredictable but also they are most profitable.
2709  Economy / Speculation / Re: Bitcoin in 2018, how much will it worth? on: December 18, 2017, 08:28:29 AM
We are approaching the end if 2017 and many of us wonders on will we see a major rise or fall on the cryptocurrency. By the middle part of 2018 and its last two months how much do you think will bitcoin worth? Thank you very much

it is never easy to speculate about bitcoin. both for short term and long term, that is how bitcoin has always worked.

my guess is that there is a good chance for a down time. possibly some drops and some consolidation. or even at the very least a small slow down in all the rallies that we have seen so far.
but I believe 2018 will be another good year for bitcoin. things are happening fast but they are happening and will continue to in 2018 and the adoption is growing fast because of the performance of bitcoin. we can expect at least another 3x rise next year too.
2710  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Potential on: December 18, 2017, 08:20:48 AM
well we have a lot of things to look forward to but also there are a lot of concerns too.
for example the scaling needs some solution and needs it fast. things are not looking good for bitcoin on that front with the high fees and all the stuck transactions that need confirmation.

but also we have the growing adoption to look forward to. the mainstream adoption has started this year and it will grow a lot in the following years. and it will introduce bitcoin to many people in a lot of different countries.
 we also have new additions to bitcoin such as lightning network, confidential transactions, Atomic Swap and a lot more to come and each of these can increase the potential of growth that bitcoin has by a great deal.
2711  Economy / Service Discussion / Re: BE CAREFUL FAKE and SCAM bittaddress.org on: December 17, 2017, 10:04:43 AM
the thing that I have learned about security is that you must check with multiple sources before downloading anything that is involving something sensitive like a bitcoin wallet and your money!

for example you check out websites that list these like bitcoin.org, you can use google to find them. you can also come to any social media platform like forums and ask others if the link you have found is the right one or not. and finally it is always best if you do a test run first. for example create a wallet (a key pair) send some BTC to it and let it be there and sped it later. you can also learn how it works this way so that you eliminate any possible mistakes you may make.

it may seem like a lot of work and have some paranoia in it but trust me all the work you do is worth it if you don't want to lose your money.
2712  Economy / Speculation / Re: Legacy addresses > speculation of fees in the next two years on: December 17, 2017, 09:56:14 AM
So I have paper wallets from 2014 and I really don't want to move them to segwit addresses. I made them with Armory and I am quite happy.

What are you doing with your older paper wallets? Are you happy to keep them on legacy addresses? What do you think the fees will be in a couple of years for legacy addresses? Admittedly 30-60 dollars is not that much for a largish transaction today. But what will the fees be later? Any guesses??

the fee you pay for transferring bitcoin does not matter much whether you are using a legacy address or a SegWit one. the difference is not that much. the way it works is that if more people start using them the total will help the scaling and will reduce the backlog and then fees can come down if number of unconfirmed transactions were not 100K-200K. otherwise you will still be paying the same 400 satoshi/bye for every transaction you make!

also in the future, fees won't go that high because people won't pay that much for a transaction anyways. imagine it costs you $100 to move bitcoin. nobody will do it so number of transactions will eventually diminish and fees will come down with it. otherwise people would simply stop using bitcoin and move on.
2713  Bitcoin / Bitcoin Technical Support / Re: confused : transaction fee on: December 17, 2017, 09:42:55 AM
.... send about 24k$ using  67.13$ fee
need 14$ fee to send 100$
none of these numbers make any sense. you must report fees in bitcoin per byte
the transaction that Yahoo sent was a big one (in bytes) so he had to pay a much higher fee. it was 886 bytes which is nearly 4 time bigger than normal transaction sizes (it is because he is paying multiple people.
and the fee he used is 390 satoshi/byte which is the amount you need to pay right now to get a high priority transaction. https://bitcoinfees.earn.com/ which is why the transaction was confirmed fast.

what you paid ($14) was probably the same amount meaning 390 s/b * 226 b = 88140 s ~= $14 or with today's rise it is $16

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2) if miners take all transaction fees, from where wallets earn?

what wallet is that?
wallets that you control the fees don't get anything. wallets like Electrum or Bitcoin core, Armory, ... you are doing everything.
wallets like Coinbase where you don't control the private keys are charging you the fees, sometimes even bigger than they actually pay.
2714  Bitcoin / Bitcoin Discussion / Re: Max Keiser: bitcoin to reach 100,000 USD on: December 17, 2017, 09:33:09 AM
it is not just because US dollar is rubbish but because bitcoin is so much bigger than just US. it is a global currency that nobody controls! that is not something small. the bitcoin being decentralized and trustless is like the biggest thing you can ever wish for in a currency like this!

and it will grow a lot more. and when you look at the growth then look at bitcoin's supply and see how scarce it is compared to global population you can see how much potential it has. and it is being improved to match the demand too even though at times it may seem like it.

with that said I think $100,000 is just a start. we may even be in a bubble right now and price may even drop for a while but in the end it won't matter, any drop means more buying opportunity before the next "big bang" starts and price reaches $500,000
2715  Bitcoin / Bitcoin Discussion / Re: bittrex 0.001 btc withdraw fee -- about 19 usd on: December 17, 2017, 09:18:26 AM
this is not new. bittrex is one of those exchanges that have been overcharging people for fees for a very long time even when the fees were extremely low and you could even send a transaction with a 1 satoshi/byte fee which was practically free.

it does not just stop there either. their trading fees are also huge compared to other exchanges. most places charge 0.2% and good exchanges charge 0.15% and even lower based on your trading volume. but bittrex is charging 0.25% which may seem like nothing but it accumulates to a big amount.

also you should check out their announcement topic in the services board. they have been scamming people and even selling their information that they use to verify their accounts!
2716  Economy / Speculation / Re: Bubble will occur or Correction...! on: December 17, 2017, 09:11:59 AM
But while it's increasing, didnt you worry about it? of just go with the flow?
why would anyone worry about a price rise? no matter what price you have bought at, currently you are in a big profit. also you can be fairly certain that your profiting days are not over yet even if price goes down temporarily or worst case scenario even if all the bubble talk is real and not pure FUD, price will recover and come back up in the long term.
this is not the first time a bubble happened although I am not yet convinced this is a bubble.

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I will refer this situation about the tulip,

why do you even compare bitcoin with tulip?
2717  Alternate cryptocurrencies / Altcoin Discussion / Re: Is IOTA worth to invest? Thanks for the advice on: December 16, 2017, 10:36:13 AM
since this is trading board I will give you a trading advice!

IOTA is currently in a bubble. if you check the history of its price you can see recently it had a huge rise out of nowhere. this causes a bubble because the demand for most altcoins is coming purely from speculation and speculators would want to cash out.

I am not calling a drop or anything but when you are a trader, you should look for coins that are not already pumped and invest in those. those that have pumped still can rise but have a lower chance of it. and despite IOTA having more potential I would be more careful at this point.
2718  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: December 16, 2017, 09:38:30 AM
Did anyone win something in the lottery?

This is rapidly becoming the most asked question in freebitco.in threads. I know of two first prize winners that have posted screenshots of their email notifications and they have been reposted many times in each thread already.


it is because of the huge prizes and the fact that usually (specially the last one, round 132) have users with very low number of tickets who won them. for example the surprising one was the one with only 8 tickets who won 0.577BTC which is nearly $10,000!

something like this is bound to get people thinking how fair this lottery really is. the picking according to the explanation on the site is fair but I have some doubts about the total number of tickets. is it really 402,216,638 tickets?
2719  Economy / Speculation / Re: When will BTC's dominance of crypto market cap drop below 50%? on: December 16, 2017, 09:29:43 AM
it will drop below it sooner than you may think because new shitcoins are being created at the speed of light.

and in case you didn't know, market capitalization doesn't mean shit for crypto currencies. it is a factor that is falsely imported from stocks market into crypto currency market and people keep quoting it as if it means something!

the way it is calculated is that you take the number of coins (supply) and simply multiply it by the price:
market cap = supply * price

and it is such a simply math shenanigan that when you look deep into it, you will laugh.
most shitcoins have a low price, so they increase their supply by a big factor and that will give them a huge market cap. you can look at Ripple and IOTA and Dogecoin for examples of altcoins with a huge supply and a very low price. even the big altcoins like Ethereum do this and actually use it to manipulate the public mind so they can pump their coin just because it is "number 2".
2720  Bitcoin / Bitcoin Discussion / Re: 'Wolf of Wall Street' says Bitcoin is a 'huge scam' and a 'bubble' on: December 16, 2017, 09:14:59 AM
oh boy! somebody is trying to buy bitcoin at the bottom again and become a bigger bitcoin whale.

need I remind you the last time some so called "expert" called bitcoin a scam. he actually used the word "fraud".
in case you have forgotten, later on it was proven that their firm bought a huge amount of bitcoin exactly at the bottom of the dip that their CEO caused with his FUD and idiot newbies still poured their bitcoins cheap in their pockets thinking that James Dimon who is the biggest fraud himself was spreading FUD. and then price went up about $7000 from that time he talked about how it will fail...
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