articles like these are all over the internet. these are written by people who don't even understand bitcoin and don't bother to do a thorough investigation about it. there was an article that i read, saying similar things just based on the experience he had in a small town which had 1 bitcoin ATM machine! Bitcoin is so simple, yet so dang hard to understand. That is the beauty of it. It is simple yet complex. A paradox!
you don't need to understand bitcoin to use it. that is the rookie mistake most people make. See, the simplest way to explain Bitcoin is that it is virtual gold. That is all it is.
a better explanation would be "digital currency"
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Hi traders! Does somebody here do trading in stock market and also trading in bitcoin? Which is more profitable and safe? Thanks ahead!
first of all stocks market is different in each country, where i live the market is not in a good state right now. but last year it was good enough for a good investment. bitcoin is also the same. back in 2013-2014 the price was falling. but ever since 2015 (and of course from 2009 to 2013) it has only been rising, making it a very good investment. as for trading. both markets are good. you just have to know how to do it. stocks market movements are more predictable than crypto which makes it easier, or probably we can say "safer". but it is smaller profit. bitcoin and by extension altcoins are less predictable (specially alts) but their movements are huge. you can never see a 100% rise like altcoins in any other place! this simply means if you have the experience you can make a good profit.
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Instead of fighting over it, I wonder what would happen if they team up to centralize and control bitcoin. Would the price/value of bitcoin increase or decrease?
miners can never fully centralize and/or control bitcoin. what they can do is to delay things, and make us angry like what they did this year. but in the end it is all the users that decide things. bitcoin is not just miners, it is all those who run a node, all those who are holding some coins, all the businesses that use it. if some day bitcoin becomes centralize and people don't like it, they will either fork and kick the malicious miners out (like changing the PoW) or they simply stop using bitcoin and price will crash. and believe me when i say this, miners know this better than you and me and they don't want to harm their huge investment operation.
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there is no relationship between these two. whenever altcoin market is down and everything is getting dumped (like what is happening right now) it doesn't happen to all the altcoins. there are always some of them that are being pumped against the general trend.
it is also possible that the reason is because there is no NEO/USD market. there are only NEO/BTC and a couple of smaller markets with CNY and USDT which only have 5% of total volume.
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i don't think so. specially not in the near future.
bitcoin is rising fast and it is actually being adopted fast. with things like Lightning Network it will be adopted even more and be used a lot more like cash but with high security and fast speed while having low fees. but dominating cash is not an easy thing. cash has been being used for ages. it is backed by the country and the government. and it is hard to replace an already adopted and working system which people trust.
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change the limit number in the link below into another number to get the top {whatever number} rank cryptocurrencies according to their market cap. here you go: top 5 :https://api.coinmarketcap.com/v1/ticker/?limit=5 top 10: https://api.coinmarketcap.com/v1/ticker/?limit=10then you will have to manually or pragmatically add up the "market_cap_usd" values to get the total.
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the short version: no, not in a million years
the long version: ethereum is not supposed to be internet money. you need to really research these things before making an statement like this. it was not designed to perform as a currency. you can read this in statements of the developers too.
also on top of it, ethereum is not even capable of performing what a currency is supposed to do. and it was already tested and proven that it can not. the whole network simply fails under the load. and it had already happened.
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there is no topic about it because this is old news! very old in fact.
this is BU tokens (more like a virtual promise) that bitfinex in March which is about 5 months ago when the hashrate started signalling for BU support. it was like this: 35% SegWit, 30% BU, 35% others or nothing. Bitfinex just added that market to make profit and people like always rushed to trade (pump and dump) it for profit!
i am surprised about why it is still active though! BU is now BCH, there shouldn't even be a separate market for it!!
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Its been over an hour since last block was found! Maybe all the hash rate is moving to Bitcoin Cash? wtf?
the only response that this topic deserves is found in your own avatar! that is the face of anybody with smallest understanding of bitcoin will have when they read your dumb comments!
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Could be a lot of things, like SegWit finally being locked in, and bitcoin gaining more publicity, etc. Another reason is probably because of legality of cryptocurrencies in South Korea a few weeks ago. Take note, they have 0% tax on cryptocurrency trading. Which is HUGE. Currently one of the biggest pairs being traded is South Korean Won(KRW) to Bitcoins, which that alone currently has $351,342,000 13.98% volume of the trades. One thing's for sure, Koreans sure love their bitcoins. Source: https://coinmarketcap.com/when volumes are way too big, that start to look out of ordinary it means there is a very good chance they are not real. you are correct about the fee but only a part of that high volume is related to having 0 fees, most of it should be fake. besides in cases like this where the market is so separated from the rest of the world that nobody can do arbitrage there, their prices don't affect the general market.
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-snip- I see, so I need to do this step:
"step 5: you give it your new byteball address"
If I enter a new Byteball receiving address in the chat to the bot, it will ask me again to enter another BTC address, I enter it, verify it by signing it with the Byteball address, then he will tell me "you will receive X GB"
then I do it again and again after I get every single BTC address I own signed.
yes it is like this: enter read what the bot replies (it confirms whether it is correct action or not and tells you what to do next) enter read what the bot replies (it confirms whether it is correct action or not and tells you what to do next) go to your wallet and sign BYTEBALLADDRESS.... with the private key of 1BitcoinAddress.... and paste it in the chat screen How do I keep track of all the addresses I have verified? I mean yeah I can look at the chat history but its a bit of a mess.
right after you give the bot your signature it replies with 2 messages (i am saying all this from memory though). first is confirmation that it has received the correct signature and the second one is a long list of all the Byteball addresses, bitcoin addresses, their balances, your total Byteball that you receive, the total balckbytes that you will receive and all that information. you can also check out this link: http://transition.byteball.com/ it loads a bit slow because it is a huge list but you can search your byteball or bitcoin address there and see if it is confirmed. it may take a while to show up.
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nothing is impossible but if you are going to make plans based on this assumption that price may drop to that price then you may end up holding fiat in hands forever.
let me give you a very recent example so you can understand what i say better. last month (July 2017) price went up to $2400+ and there was a lot of FUD about the split and how bitcoin is going to die in 1 August (13 days ago!). and as it was expected price dropped. by that time many were repeatedly saying price will go to $1500 and as a result many were waiting for that price to come. you can now look at the charts and see that not only $1500 never happened, but also price remained above $2000 and only touched below that price for a couple of hours.
now $2500 is the same as that $1500.
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step 1: you start up the chat with that specific chatbot. step 2: you give it your Byteball address which you want to receive the giveaway in step 3: you give it your Bitcoin address which has a balance step 4: you sign a message with your bitcoin address. message is your byteball address here is a help to sign messages using bitcoin keys: https://bitcointalk.org/index.php?topic=990345.0want to link a new bitcoin address? step 5: you give it your BTC address step 6: you sign a message (similar to above) want to link a new bitcoin address to a new byteball address? step 5: you give it your new byteball address step 6: you give it your BTC address step 7: you sign a message (similar to above) edit: it is a chat bot, and it is pretty clear. don't over think it. for example it clearly says something like "give me your bitcoin address now" and after you give it, it says "ahhh this is your bitcoin address, now send ... to ... OR sign ..... message with your key"
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usually there are pump and dump groups that try to do this. how successful they are remains to be seen because they usually fail in the long term or fail because a bigger whale crushes them.
what they do is they start a dumb group and then spam-advertise it everywhere with false notions of "getting rich with altcoins" then they get subscribers (aka gullible people). these pumpers start buying some random small altcoin themselves first then tell those subscribers to buy what they have already bought and buy it over price. i think you can guess what their next move is: dumping on those who are buying now.
BIDS are buy orders. people are "bidding" on something to buy it like an auction where you can place your bid at any price (not just above the last one). ASKS are the sell orders. people are "asking" for a price to sell what they have.
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for now it seems like price is unstoppable, it is a steady rise towards $4000, and i have got the feeling that this rise is pretty similar to the $1000 to $2000 rise. if you remember, it was fast just like this, and smooth after the dips and FUD stopped.
ps. thinking back to earlier this year and me saying $2000 by the end of this year is a good guess, makes me laugh at how bitcoin always outperforms expectations.
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this is actually the best way of advertising bitcoin. not only because it has millions of viewers but also these are viewers that will see bitcoin and its usage at the same place (usage as a currency in Steam to buy the Dota2 International Compendium for example from steam and directly pay with bitcoin through bitpay).
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What's the easiest way to send small 1000 satoshi payment?
there is a perfectly good reason that it is not easy to send 3 cents worth of bitcoin, and that is to prevent spams that will only waste block size. if you really want to send 1000 satoshi then use another altcoin. Dogecoin is a good example in this case the fee is 1 Doge and that is already worth less than 100 satoshi. and tipping it is easier. otherwise add all the payments together and let it grow bigger than 1000 satoshi and then send.
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...
I doubt that there was much of a chance of them dumping BCC in the first place. who exactly are "them"? we still don't know who does this address belong to apart from speculating about it. If they wanted to secure their wallet because of the 1st August bitcoin cash fork, then they would have done so by transferring the entire cold storage to another address that they own. But the fact that they only transferred around half eliminates the possibility that they were dumping BCC.
i wouldn't jump to any conclusions yet. 124,000 bitcoin and bitcoin cash is a lot of money which you can't really sell on any of the exchanges! finding a way to dump it takes time and specially since the price is too low right now it is not a good idea anyways. Anyways, as i said, it is likely that they want to diversify into other things or preserve some of their profits. They have made a bunch off bitcoin since last year already and probably just want to get some btc out when it's still $3000+.
if i wanted to guess i would have said this simply belongs to a service or something like that. it is their cold storage which they are now diving into, possibly because there have been withdrawals from their service.
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whoever thinks money doesn't bring happiness and being rich brings sadness or as op puts it "The changes it can bring to someones surroundings are sometimes devastating"; feel free to give all your sadness to me. i will accept it with open arms and embrace the dark.
here is the address waiting to be filled with sadness: 1D7USKbu7MK2iRju3KunmpSgcmw76TUePJ
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this link should answer all your doubts about the owner of that key dumping bitcoin cash: https://blockchair.com/bitcoin-cash/address/1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Syby time i am writing this, it shows the balance still untouched and last "spending" transaction belongs to before fork, actually last year (2016-08-24) if in the following days you clicked on this link and saw the funds move, you can be sure it was in order to claim the BCC airdrop.
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