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41  Other / Off-topic / Re: Topic & Post Review (Specific Areas) - sMerit to give on: March 25, 2018, 10:10:00 PM

Thanks for sharing. I will keep an eye on the poker software thread, because I do think that these programs are important. Hope you can keep that thread updated, or place a more detailed review in a near future.

My positive thoughts about bitcoin with lightning.

https://bitcointalk.org/index.php?topic=3192330.msg33086786#msg33086786

Really enjoyed reading your thread. Hope we get a good discussion there.

Thank you for this service. If I have some merit I would love to honor you with mine but unluckily i started mg bitcointalk journey when the merit system starts. If it fits your qualification kindly review my post and I'll appreciate any merit you can share. thanks

https://bitcointalk.org/index.php?topic=3103610.msg32048788#msg32048788

Thanks for sharing, and I do use stop losses when trading. I already knew how to do that, but maybe it will be a good thread for beginners. Hard to use the thread for discussion though, because it's just a tutorial.


My analysis on your posts are pending. I didn't have the time right now, but I will probably do it tomorrow.
42  Alternate cryptocurrencies / Altcoin Discussion / Re: HODLER The New Hardware Wallet in the Market on: March 25, 2018, 10:03:20 PM
Thanks for sharing. Of course I was aware of trezor and ledger, but it's the first time I hear about HODLER. Not only it has a cool name, but it also looks very promising in terms of features. The only problem for me right now is trust. I don't really know them, and I'm not sure it will be easy for new wallets to come into the market like that. People are very suspicious these days, because we keep seeing hack attempts, and we just never know when a project is legit or not. If it gains trust, it will probably become a serious competitor to the other well known wallets.
43  Bitcoin / Bitcoin Discussion / Re: Positive attitude of bitcoin on: March 25, 2018, 09:55:47 PM
I actually liked reading your post, and I think you made some good points. I don't want to repeat what you said, so I will just focus on those that I consider to be crucial for the discussion. I also believe that BTC liquidity is very small right now, and it's price is easily manipulated. I also agree that most people don't really understand what BTC is, and it's purpose or true potential are, and got into it just because of the it's price rising. Of course those guys, that are not aware of the fundamentals behind bitcoin, panic sell to often, and then start spreading bad words about bitcoin, and that it's a bubble or a pyramid scheme.

Bitcoin has real usability, but it needs adoption. Lightning network will open the doors for adoption, but true education about what bitcoin is, must take place. This is an open source project, and anyone can use it. So my hopes are, that big companies that will not buy bitcoin based on it's price, will probably do the trick here. They will probably see that BTC has a use case, and that it could be a good thing for them, to avoid high bank and Visa fees for example. If services that accept bitcoin are offered, people will start using it, and see that it's a quite convenient payment method. With that adoption might follow. Once adoption grows, the liquidity will rise, and price manipulation will be harder to do.

This will take a lot of time though, but it is possible.
44  Economy / Gambling discussion / Re: A free program to track your poker results. on: March 24, 2018, 02:29:30 PM
Nice, thanks for sharing. I used a few tracking software myself, specially Holdem Manager, and for what I did it worked fine. I think this software is quite valuable, but I found it a little "weak" for lower stakes. We just couldn't trust the stats of players playing in short stakes, because most of them were there with free money, or just playing for fun, and were very unpredictable. For middle stakes and above, I think it's critical to have software like this, to play online. The only downside to this in my opinion, is that you get so used to have those stats, that it makes playing live "harder". I always got the feeling there was something missing for me to decide my play, because I was used having the stats available.

I do share the concerns of the rest of the users, but I will keep an eye on this software. If it's safe and it works better than the rest, then it's definetely worth trying.
45  Economy / Trading Discussion / Re: ADA x5 in 2018 ? on: March 24, 2018, 02:16:39 PM
I think that ADA in 2018, can make x5 at least! The coin was heavily sold, but the volume of redemption shows that very big volume of money entered the ADA market. What do you think?

I actually like ADA, but in my opinion it will always depend on what bitcoin does during this year. We keep seeing altcoins getting a massive beat every time we hit a "bear market", and we only seem them growing a lot when bitcoin is on a bullish trend. Part of it, is probably because they got that massive beat in the first place, and need a "positive correction", and the rest could be driven by development of the coin. I really like ADA team, and I hope they succeed in their goals, but I will only invest in it if I see bitcoin changing the current trend.

Also, don't forget that you have a tether pair there, and until everything is solved with them, we can't tell for sure, that what we see there, is a lot of money coming into ADA. Not raising fud, and probably is, but I prefer fiat pairs right now.
46  Bitcoin / Bitcoin Discussion / Re: Lets fight the FUD together on: March 24, 2018, 02:05:12 PM
From the start I do not believe for social midea banning to advertise the cryptocurrency because the facebook company are not giving direct notice to all user of facebook regarding the crypto ban.

Well the thing about the ban on add by facebook, and rumors about the same thing but done by google or twitter, is that either they are true or not, they shouldn't matter. Even assuming that those news are true, how would they even affect bitcoin? ICOs run those adds, so on worst case scenario they should affect ICOs directly, and ethereum as a side effect, but never bitcoin.

People are like zombies, when you are trying to explain them that the news is upside down and in fact everything is fine, they say how do you know I've read the expert in local news;)

I couldn't agree more. Some people just blindly accept news, and the perspective given by the author or the so called "expert". I keep giving the adds ban as an example, because I think is a quite obvious one. Someone said that was a bad thing, people saw the price down, and instead of thinking for themselves most of them said: "This is a bad thing, let's sell, bitcoin is lost..." And that's really sad.
47  Bitcoin / Bitcoin Discussion / Re: Lets fight the FUD together on: March 22, 2018, 10:34:57 AM
Thanks a lot for sharing. They are not huge, but news related to adoption are always very important since we want to move away from the speculative area as soon as possible, and stick to the usability area. This is what will legitimize bitcoin in the future.

I have a new one as well, that comes in great timing specially because of the recent FUD related to Twitter rumors, of crypto adds ban, following Facebook initiative. First I would like to say one more time that even if the rumors are true, they should have no implication on bitcoin, because BTC does not need adds, as it already hit mainstream awareness. So if the sells are related to those news, it's just an irrational move.

Here is what I wanted to share with you:
https://cointelegraph.com/news/twitter-ceo-says-bitcoin-will-become-worlds-single-currency-within-a-decad

A positive view on Bitcoin's future, from Twitter and Square CEO, saying that BTC should "become world’s 'single currency' within a decade". It also mentions the release of the "Bitcoin ready" LN implementation on mainnet, by Lightning Labs.

Great news as usual for the long term holders.
48  Other / Off-topic / Re: Topic & Post Review (Specific Areas) - sMerit to give on: March 21, 2018, 01:51:23 PM
Mr. Bolt Brownie please review my topic about Bitcoin Historical Corrections
https://bitcointalk.org/index.php?topic=3108465.msg32577753#msg32577753

Thanks for sharing, but not what I'm looking for.

Hello, here are just my thoughts,but unfortunately  I´m not strong enough in English

Three Whales of Bitcoin

https://bitcointalk.org/index.php?topic=3164040.msg32712674#msg32712674

I've read your post but I didn't understood it very well. What o you mean by whales? It seems in the post that you are describing what you consider to be the main uses of bitcoin, but I don't know what king of discussion you want to carry on that thread.
49  Bitcoin / Bitcoin Discussion / Re: My thought outline on wether to invest in bitcoin. on: March 19, 2018, 02:01:36 PM
Well this is one point I don't agree with. Bitcoin core value is (as per Satoshi's White Paper) being a peer-to-peer electronic cash system and this core value has been proven many times over and again not to work as intended. True, workarounds (Ligthning Network) has been proposed, but still the bitcoin's core value has been devalued.

Don't really agree with that. First the fees are better again, since segwit finally start getting some adoption. Exchanges, that are still responsible for the majority of bitcoin transactions, are also being more careful the way they make the transactions (batching them for example) and this is having a great impact in BTC fees and speed.

This is not enough of course, and for that reason we have the LN that should fix this. Is not ready yet, but it's "close" (hopefully should be ready this year, since we keep seeing more and more LN nodes and channels on the main net).

The workarounds are needed, for scalability and I think off chain solutions are much better than the ones being pursuit by other coins, since those will result in a very centralized coin, and that was not the original objective behind bitcoin.
50  Alternate cryptocurrencies / Altcoin Discussion / Re: ICOs in 2018 not same as 2017. on: March 19, 2018, 01:43:05 PM
I have to agree with the OP, although this might not be the case for every ICO, the truth is that a lot of the fuss regarding ICO investment has dropped quite significantly, and most people buy them at discount prices in the start, and then manage to sell them for a profit when the sell ends, and those who bought last get a loss. That's why it's very important to get a good look at the project, and if you can't really decide if they are legit or not, then it's probably better to wait for them to actually deliver the product, and get listed in exchanges and see how their price develops.
51  Economy / Economics / Re: Why the price of bitcoin rapidly going down on: March 19, 2018, 01:34:26 PM
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

You are absolutely right in my opinion. The fundamentals are there, so bitcoin has a good future. Maybe it's distribution is still very centralized, and because of that, some very rich people can manipulate the market a bit. But at it's core, bitcoin is doing well, and we keep seeing good news either related to regulation adoptions and most important, development.

Check this thread, when I try to compile good news related to bitcoin, and maybe contribute with some news yourself.

https://bitcointalk.org/index.php?topic=2865338.0 (Lets fight the FUD together)
52  Bitcoin / Press / Re: [2018-03-19] UK IT Equipment Maker Plans Britain’s Biggest Bitcoin Mining Farm on: March 19, 2018, 01:30:36 PM
I always think that news regarding investment into bitcoin mining proves that bitcoin is doing well and it's a good investment. I mean, buying bitcoin is a way of investing in it, but investing into crypto mining is definitely a direct investment in bitcoin and a very important one. Bitcoin network is only as secure as we know it because of all the millions invested in mining, and when you invest in mining you can't really use it for anything, so these are great news in my opinion. People wouldn't be spending millions in it, if they weren't going to profit from it, or if bitcoin "was dead" as many start saying now.
53  Bitcoin / Bitcoin Discussion / Re: My thought outline on wether to invest in bitcoin. on: March 19, 2018, 01:17:38 PM
Please provide feedback where you disagree but also please let me know where you agree
Cons
• Tethering subpenoa by US government
• US banks boycotting bankers ability to purchase bitcoin
• Facebook banning adds
• Recent news about scammers
Cons Summary: Bitcoin has been made harder to purchase and potential users are less secure in their purchase.
Pros
• Bitcoins history to bounce back
• At its core the value that is provided by bitcoin as a service has not been devalued.
• Despite negative news bitcoin has held positive hype and faith from its community.
Unanswerable questions:
• What is bitcoins actual value minus any hype and with all future regulations added?
• How far down is bitcoin going to go? (guess 2-5k)
• How far back up is going going to go in a 5 year time span (guess 50k)
Conclusion
Bit coin will continue to be volatile but its actual value will not be effected by banks/government.
People will continue to invest
Long term value will continue to raise
Invest 1-2k in bitcoin leave in for 5 years as soon as it hits below 2-5k

I don't really agree with some things you said. First I don't think facebook adds ban is bad for bitcoin (same thing goes for rumors concerning google and twitter banning adds as well). On worst case scenario it could affect new coins trying to emerge the market, but not bitcoin. Everyone knows what BTC is, and it doesn't need to use those types of advertisement, so it's not a Con for bitcoin.

I also don't think that buying bitcoin was made harder. Ok, you can't buy it with credit card, but you can make a bank transfer to coinbase or other well known exchanges. You even saw circle getting into the space by buying poloniex, and you even have other well known platforms like Robinhood, so it's still quite easy to buy BTC. Yes you need to comply with KYC, but is there real any problem with that?

I do agree with your long term plan though, specially when you say that the value offered by bitcoin as a service hasn't changed. In fact I think it has improved, so the future still looks good for bitcoin in my opinion.
54  Economy / Gambling / Re: Which bookmaker have highest welcome bonus? on: March 18, 2018, 03:48:26 PM
I'm quite interested in betting bonus as well, but I would like to get bonus where you could bet with the amount they gave you, just like normal fiat bookies do. Normally crypto bookies offer bonus, but you need to make the rollover before being able to use your bonus. Sometimes the bonus is released in tranches, instead of having to fulfill the requirements completely, but I don't know any bonus where you can deposit, get the bonus, and then simply bet with your deposit and bonus, while you try to fulfill the requirements.
55  Bitcoin / Bitcoin Discussion / Re: There's a new FUD on: March 18, 2018, 03:33:59 PM
There was a rumor that Twitter is going to ban cryptocurrency ads. Why won't they stop and just support the new technology?

Banning adds has nothing to do with supporting bitcoin in my opinion, and this is just another excuse for people with money to start selling their coins, make the price drop a small %, and everyone else will follow with panic sell, because they don't have a clue of what bitcoin is. We keep seeing this behavior during the start of this year, and I guess it's not over yet. Don't know who is doing it. Wall Street that bought a few BTC to manipulate it's price in order to get more out of futures, or Mt Gox, or Roger Ver, or any big profile "bitcoiners", that can manipulate the price in order to profit from the next bull run.

I'm not selling mine because nothing has change. Why would twitter banning adds would harm bitcoin adoption? Everyone knows about bitcoin already, and bitcoin is not used for ICOs. These news could hurt ehtereum, and all ICOs platforms out there, but not bitcoin.
56  Other / Off-topic / Re: Topic & Post Review (Specific Areas) - sMerit to give on: March 18, 2018, 01:40:30 PM
Hello Silent26, really enjoyed reading your thread about wallets and I gave you merit for it. Good information on the thread, learn a lot from it, and it's well written and organized. I will "pin" that on in the thread, because I think it will be very valuable for other users.

I also read your other posts, and I did participated in some of those threads. Not going to "pin" then, because it's not what I was searching for.

Thanks for sharing.
57  Bitcoin / Bitcoin Discussion / Re: Lets talk about avoiding scam on: March 18, 2018, 01:34:19 PM
Well I do believe that we should always take a look not just about how the campaign is being managed, but also about the project itself. When you join a campaign you are not just getting some coins for renting your sig space. You are actually advertising and supporting that campaign, and you must understand that it is your responsibility to choose what you will advertise. If users did that more often, then we would get less and less scammers out there.

I'm sure trusted managers do this as well, so the probability of advertising a scam campaign decreases a lot if you only apply to campaigns run by trusted managers, but you should also do your work as well. And when renting your sig, you work is not just posting. I strongly believe you need to know what you are advertising. I mean if you don't, you can't even do a good job, because you can't advertise a campaign if you know nothing about the project behind it.
58  Bitcoin / Bitcoin Discussion / Re: What to do when panicked? Check this out on: March 18, 2018, 01:12:01 PM
I think there is a part on your post that should be corrected. You say:

Don't
BUY BITCOIN WILL LOW PRICE + PANIC + SELL BITCOIN WITH LOW PRICE = LOSS

I guess you wanted to say: Don't buy bitcoin with high price ... etc.

I must say that I like to trade, and I have a small bankroll for trading, but I also believe in bitcoin potential so I hold the majority of my coins. It's not much again, because I started quite late, and bitcoin was already expensive, which means that I'm actually losing a lot from my initial investment but I'm not willing to sell them, because i wish to use them in the future as a decentralized payment system.

Since you posted this in the bitcoin discussion board and not on the trading board, I will talk in a project perspective and not a trading perspective.
I think that you should actually advise people not to sell bitcoin, because in terms of fundamental analysis, bitcoin is actually improving, and this means that it's price should be going up and not down. Lighting network is near, regulation is actually being more friendly, so we are opening the road so that adoption can happen. From an investment point of view, bitcoin is better than ever, and should have a good future ahead. This means that buying bitcoin is probably a good investment. I know I believe in that, and for that reason I will keep buying every time I can.

You shouldn't really focus on price that much. The reason people panic sell, is because they have no idea on what are the fundamentals of bitcoin, and it's intrinsic value. This way all they get is it's price, and since it's coming down they fear it.
59  Other / Meta / Re: Suggestion: Raise merit requirements at the lower and highest ranks (@theymos) on: March 18, 2018, 12:54:22 PM
@nullius

I would like to start by saying that maybe you should read (this thread), where I expressed my thoughts about the new merit system. This way you should have a clear view on what I think about the system.

As for your suggestion, I don't really have anything against it, because as you will understand after reading the above mentioned thread, I'm not concerned about my rank anymore, and I think this system is a good thing. The only thing I don't agree after reading your post, is when you say that getting merit is easy, and for that reason the merit requirements should increase.

I don't have access to statistics, but if from all hero members when this system started, 50% or more already got the requirements to get to Legendary, then I would agree with you, but if the % is bellow 10% or 5%, then I would say that the requirements are fine. If you don't have access to that information, then maybe you can't say it's easy to rank.

This is me speculating now, but I do believe that if there were any statistics showing the % of users that were able to cross from hero to legendary, they would be quite low. This probably means that you are the exception to this system and not the rule, so the requirements are probably fine.
60  Bitcoin / Bitcoin Discussion / Re: Mining a bitcoin costs about as much as buying one these days on: March 17, 2018, 11:12:21 AM
Bitcoin's profitability wasn’t a problem when the cryptocurrency was heading “to the Moon,” as enthusiasts were fond of putting it, but since late last year, Bitcoin has largely been heading in the other direction.
Calculating mining costs is not so hard, the cost of the computers themselves, as the mathematical problems get progressively harder over time, miners need to keep upgrading their rigs, another issue is energy, making loads of incorrect guesses uses a lot of it. And then there’s cooling ... all that energy use throws off a lot of heat.
The current break-even point for Bitcoin mining is $8,038.
That said, whether or not mining still makes sense, depends a lot on where you are.
And let's not forget that Bitcoin is terrible for the environment.

Your claim is not entirely correct. The price for bitcoin mining varies to much from country to country. It can go from as low as $600 to as high as $24k. So mining is still very profitable if you are in the right place (and miners usually are). Here is a link from cnbc that covers just that. Of course that the mining price changes a lot, because of difficulty increase, and electricity cost, but the data provided in the video should be accurate enough.

https://www.cnbc.com/video/2018/01/12/heres-how-much-it-costs-to-mine-one-single-bitcoin-in-115-different-countries-across-the-world.html

Finally Bitcoin mining is not terrible for the environment... The electricity costs to mine gold and maintain it secure are way bigger, and I don't see anyone bashing gold...
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