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541  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Whales ceep the Waves price down? Many unpriced news in the last time on: September 08, 2017, 09:46:44 AM
whenever price is "creeping down" that means people are slowly dumping, it is not a whales' work at all. it is usually the natural work of the market for each altcoin after they had a nice rally.

on the contrary when prices stay the same with high volume that means whales are buying in to pump it in the future. this is called accumulation.
542  Alternate cryptocurrencies / Speculation (Altcoins) / Re: New Traders Day Trading Discussion on: September 08, 2017, 09:30:31 AM
this is a decent thread.
i am also more of a day-trader myself when it comes to altcoins. and in fact i always find it a little weird that people say hold altcoins for long term to make profit! in my opinion the profit is always in short term trading of altcoins not in the long term.

i have had my losses too, just like you. but the cruel days in this market has taught me that i must dump any coin that is not performing well instead of holding it until it is reversed. this way i always keep my losses small and open the room for profit for myself. if i dump i have the money(bitcoin) to buy at the bottom. if i don't dump i don't have anything to buy at the bottom and i have to wait to see whether or not price recovers.

and that is what i like to add to your thread.
i am glad i dumped NEO fast when the threat of dump was presenting itself that helped me to buy at its bottom and make a big profit from the recovery. now i am free to do whatever i like. i can hold, buy more, sell and buy back and lots of things.
543  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin CASH vs Ethereum on: September 08, 2017, 09:22:14 AM
So, What we have today?

Ethereum           $30,994,496,838   $328.00
Bitcoin Cash   $11,207,211,371   $676.48

I think that bitcoin CASH has chance go to #2 in market soon.

Agree with me?


market cap does not really mean anything! it is just a number and it is a terrible way of comparing cryptocurrencies because most of them have unrealistic supply which makes the market cap (supply * price) also unrealistic.
in case of ethereum there are 72 million coins pre mined and in the possession of certain people and if you ask me that makes ETH market cap to a realistic number of $6 billion instead.
544  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin "cash" - price speculation on: September 07, 2017, 11:22:12 AM
so far there is nothing going on so there is no reason to even think about bitcoin cash. but also it is still alive, so you have to keep an eye out for things that can help its pump again.

of course with bitcoin there will always be drama at some point. there can be another spam attack wave. or in a couple of months the drama of SegWit2x hard fork which will most probably help the pump of Bitcoin Cash and possibly even a couple of other altcoins like Dash and ETH.

and the pump of small coins are always so much better. they give the best profit.
545  Bitcoin / Bitcoin Discussion / Re: How would you have done historically if you had invested in Bitcoins? on: September 07, 2017, 11:10:37 AM
instead of thinking "historically" which is completely pointless, start thinking "futuristically" which is the reality ahead of you.

when i started with bitcoin price was barely $300ish and everyone was saying it is a bubble and it needs to pop and price should go back down to $100 some even said back $20 but instead of listening to their bullshit i started investing what i could afford. and i have been doing that ever since, each week that i have money to invest.

now the $300 worth bitcoin which idiots were speculation would drop to $20 is not worth $4500+ instead.
546  Alternate cryptocurrencies / Speculation (Altcoins) / Re: NEO Eating away the sell walls on the rumors on: September 07, 2017, 11:03:09 AM
all i know is that the volume going into NEO is unbelievably huge!

that is not normal at all. the price is also slow to move with all the drama and the dumps. if i had to guess i would say there are some stuff behind the scenes that we are not aware of yet.

possibly some whales having some insider information or some plans on a big ass pump, so they are accumulating NEO now. i may of course be wrong about this but as i said this is my only explanation of current market state.
547  Economy / Service Discussion / Re: Scam or not ? on: September 07, 2017, 10:46:26 AM
Guys i need your reviews about freebitco.in . I've heard its a scam but most of my friends said its worth  i am confused. Anybody here

who ever tried this faucets

being "worth it" or not has nothing to do with being scam or not!
this site has been around for a long time, and it has been paying its users. it also has a provably fair system which you can read about and see how it works (it proves that your rolls were fair or not).

it also has a couple of additional features like profit paying, which makes it look a little shady.

but it is NOT worth the time and effort. you waste your time clicking through faucets and get paid a very small amount which is considered dust in your wallet and you will end up paying a much higher fee to spend these dust inputs.
548  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin Cold Wallet Generator on: September 06, 2017, 11:52:24 AM
Hey guys,

Thank you all for the answers but think I didn't really clarify what I meant so that's my fault.

What I mean is a generator for the wallet address and private key. So more just a website hat will generate paper wallets.

So creates a wallet address then the private key so then won't need to install any wallet software until I wish to claim the wallet.

as i said above you can still use the official wallets to do that. you just install them offline, then generate a new wallet and then export your key pairs. after that you can do with the keys whatever you like. print them on a piece of paper and that is your paper wallet.
this is actually what i suggest you to do, it is much safer.

if you don't like it then take a look at this site: https://walletgenerator.net/
it is like the bitaddress.org for altcoins Smiley
549  Alternate cryptocurrencies / Altcoin Discussion / Re: what will happen to ETH now that ICO is dead? on: September 06, 2017, 10:11:14 AM
If you want to make money: Just buy whatever is forbidden in China.

one of the main reasons why most of the altcoins has been getting pumped is because of China. and everybody knows that a pumping altcoin can be the most profitable altcoin of all times.

you can see coins like bitcoin that are not controlled by China and have a healthy market never get pump and dumped.
or for example Litecoin that has been a China coin has been getting pumped. but for about a year it has stopped being a China coin and the pumps stopped.

but the rest you can see 6000% rises during a pump just because Chinese are pumping it. get in one of them and become ultra rich easily.


all that said. illegality of ICOs will reach other countries soon too.
550  Alternate cryptocurrencies / Speculation (Altcoins) / Re: anonymous Currency is there a bright future for them on: September 06, 2017, 09:57:46 AM
no it won't. because of a couple of simple reasons that you are unknowingly saying them yourself as opposite reasons!

- fully anonymous and untraceable transactions will attract criminals and dirty money most of all. if such cryptocurrencies become popular for real, they will attract these type of people. so the regular people (or the majority) will stay away. and pretty soon the government will also make them illegal.

- regular people don't care about that level of anonymity the anon coins offer. they need a certain level of privacy which something like bitcoin simply provides for them and since it is not an anon coin governments won't ever ban it and bitcoin doesn't attract criminals either. so the majority will be regular users will some skeezballs here and there.
551  Bitcoin / Bitcoin Discussion / Re: Is it technically possible to ban Bitcoin in a particular country? on: September 06, 2017, 09:49:39 AM
banning bitcoin is easy, preventing people from using it is impossible to do. so technically it is possible to ban bitcoin. but also realistically speaking nobody is going to ban bitcoin, countries are currently competing with each other to adopt bitcoin or they will be left behind. and soon they will also be technologically behind too Wink
552  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin Cold Wallet Generator on: September 06, 2017, 05:23:52 AM
cold storage is just the wallet stored on a clean and always offline computer. a "website" that you are looking for is not going to be a cold storage at all. it will be a hot wallet which may even be a malware too.

you can always install an altcoin wallet on an offline computer (their official wallet) and generate keys and start receiving coins in them. and that is your cold storage.
it really doesn't need to be complicated.
553  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is there a brillant future for Dodge & Bytecoin? on: September 06, 2017, 05:00:00 AM
Hi guys, just want some opinions about this. I do like to collect dodge from faucet and mine Bytecoin with minergate. Is there a chance for these currencies to even hit the price of $1 in the near future? Or could they price even reach $50 like Monero was? Or is it just a waste of time Roll Eyes storing those currencies?

Thanks for your opinions.  Cheesy

no to everything Wink
both Dogecoin and Bytecoin have huge supplies and neither of them offer anything good to become more adopted or show any incentive for anyone to want to invest in them. there is simply no point for them to even exist apart from being traded and that can only go so far.

you ask for $1, i say it may be possible but the possibility is too low that it is not even worth wasting your time on.
you ask for $50, i say it can only happen in your dream.

if you want to invest in these coins, only do it short term and during their pumps, not any other time.
554  Bitcoin / Bitcoin Discussion / Re: And We Are Back! on: September 06, 2017, 04:54:21 AM
bitcoin market is very kind to its investors!

from time to time there are people who are left behind or want to start investing in bitcoin but find the price too high to invest or are scared because of the fast rise.
market smiles upon them and gives them what they are secretly hoping for: "a discount".
this time it was a medium discount and it only lasted for 3 days. you can think of it as the last summer sale. and now it is over.
555  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I have 250 ETH, Hold or SELL? on: September 05, 2017, 10:59:51 AM
if it were any other time i would have said invest what you can afford to lose and if it is 250 ETH then so be it. hold it if you like or sell a small amount and hold the rest.

but ever since this ICO thing with China and the fact that ETH only thrives on ICOs i am not sure anymore. it has become very risky to go near ethereum anymore. it can see a terrible future ahead of itself because of this new change.
556  Bitcoin / Bitcoin Discussion / Re: Usability of Bitcoin and other cryptocurrencies. on: September 05, 2017, 10:46:18 AM
I am talking that it is complicated in terms that not everybody accepts BTC.

they are not accepting bitcoin because it is volatile, because it is not regulated and most important of all because people are not willing to spend their bitcoin (it is their investment after all!).
it is not at all because of it being complicated!

an advanced approach is setting up a wallet that generates a new address for every purchase. an easier approach is to go through a payment processor like BitPay. again not at all complicated.
557  Alternate cryptocurrencies / Altcoin Discussion / Re: How Chinese still can invest in ICOs on: September 05, 2017, 10:40:09 AM
is there a way how Chinese citizens still can invest in ICOs?
driving over the speed limit is not legal but people do it anyways. they can always do illegal stuff if they are willing to face the consequences and they will find a way of doing it.

Quote
I mean if it is possible to buy drugs anonymously with Bitcoin, it should be doable to buy tokens as well...
it has never been possible to buy drugs anonymously with bitcoin.
you can always buy drugs with bitcoin though but it won't be anonymous and it has never been.


the question you are not asking is "why should they even bother investing in ICOs?" it is not like ICO is the best investment or the most honest one!
everyone knows how scamy and shady most of them are and what Chinese did is to protect their citizens against these scammers. now you want a workaround to go give the scammers your money, willingly!!!
558  Economy / Speculation / Re: Big Governments Are Crushing Cryptocurrencies -- Bitcoin Down 10 Percent on: September 05, 2017, 10:34:07 AM
anyone who has been around for a while or anyone who is new but not super lazy to take a look at the charts would laugh at that title hard until they fall on the floor.

going down 10% in bitcoin is like the normal change in an hour that you don't even lift up your head to watch what is happening!

and the worst part is that "big governments" didn't do anything. big governments have adopted bitcoin. and they are very open to it ever since 2017. they however are always going to be vigilant against all scams aka the ICO scam mania.
if you can't understand the difference here then maybe you are in a wrong place.
559  Bitcoin / Bitcoin Discussion / Re: Usability of Bitcoin and other cryptocurrencies. on: September 05, 2017, 10:25:55 AM
Do you agree that usability of Bitcoin and other cryptocurrencies in real monetary world is quite complicated and is associated with high transaction costs?
no and no.
it is not really complicated if you don't complicate it for yourself. it is the easiest thing in the world! you choose a wallet then in that wallet there is usually a section called receive, you copy that "thing" in there that is in fact your bitcoin address and receive bitcoin.

to send you go in the same wallet and go to (surprise surprise) send section and paste the "thing" that the other party gave you to pay him. that thing is his bitcoin address.

which part of it was hard and complicated?


Quote
I mean if you have Bitcoins or Ethereum in order to cash out with fiat currencies you have to go through complicated procedures and in some countries it is not allowed in general (if you receive money to your IBAN from some kind of unregulated Bitcoin exchange, the money will be frozen).
then that is an issue with banking system not bitcoin or any other cryptocurrency!

Quote
I believe that community lacks some kind of important infrastructure element (like a bank) which would provide full set of traditional products and services to cryptocurrency holders - the institution that would serve the needs of the community and would reduce complexities and transaction costs. What do you think about this? If such element would exist, what else functions do you think it should do and how else it could help the cryptocurrency community?

Our team is working on interesting project and your ideas would be highly appreciated and might be taken into account.

Thank you for your ideas and willingness to share your opinion.
i don't know. i will probably need a lot more information than that to be able to say anything. information on its regulation, the fees that "like a bank" place will have, the verification steps it will require and more.
560  Bitcoin / Bitcoin Discussion / Re: what's up with the bitcoin transactions on: September 04, 2017, 08:10:43 AM
Can someone explain me how the transactions work, why you need to pay fees
- because nothing in the world is free.
- fees are there to do two things: compensate miners for the works they are doing, and to prevent spam attacks.
- the compensation is too soon so there is no reason for fees being high. that is why they come down after spam attack goes away. and mempool becomes empty again.
- the prevention of spam is necessary because if fees were 0 or fixed and tiny, anyone could easily create billions of transactions and fill the mempool and then blocks with useless "spam" and prevent others from ever being able to make any transactions.

Quote
and why apprently the networks is so slow at times ?
either because there is a spam attack and you paid a very small fee compared to others (the competition).
or there has been a while since a block was found. this is usually because of difficulty adjustment and it is rarely big enough to cause a "delay". but it happens sometimes.

What's the current transaction time when you pay what is to be considered a reasonable amount of fee ? (please include the amount of fee as well)

With the explanation above I can see why some people wanted a hard fork.
if you pay enough fee to be a high priority transaction then it will take 10 minutes on average. but it can be 1 second to 1+ hour depending on when a block is found (1 hour is being the rarest).

the current fee can be as small as 10 satoshi/Byte meaning 2500-3000 satoshi for a normal transaction.
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