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701  Bitcoin / Wallet software / Re: Using Instant Exchange on: September 17, 2023, 01:30:50 PM
Besides, anybody who uses a centralized service should already know the risks of them keeping a record or even being a honeypot. Be it ChipMixer or Wasabi centralized coordinator which we know for sure is working with anti privacy companies and actively censoring transactions.

There are never any risks when using Wasabi because there is no data revealed by users for anyone to keep a record of.  Even if a coordinator is operated by a malicious entity, they cannot deanonymize you or link your transactions together.  Chipmixer is entirely the opposite, they gain complete knowledge and access to all of their users' funds.

We all know that you are promoting Wasabi Wallet and for that purpose, you will try to prove Chipmixer and other mixing services as scam (When they are not).  Huh

That could be a mixing but not in a deeper level, but your transactions can be traceable, especially if a particular exchange is obligated to disclose your transaction information on their platform. We have a government agency that oversees this, known as the Anti-Money Laundering Council. So, if you simply desire privacy for mixing and haven't engaged in any illegal activities, that should be sufficient to achieve your purpose.

So if he uses exch.cx or any instant exchange and convert his money into XMR, then i think he is more secure and even the blockchain analysis companies won't be able to figure out much as once the coins are converted to XMR, then to trace it further becomes impossible.
702  Economy / Scam Accusations / Re: Coins Game Rug Pulled 72$ a new low for the crypto gaming world on: September 17, 2023, 07:55:40 AM

In the TOS it should read, affiliate funds are there to withdraw only and not to be played with. Which is another absurd joke, you put in the work to get them players. You make money for them, you get a tiny piece of the pie and then they tell you that you are a cheater and bonus hunter. Just blows my mind.

So you can withdraw the affiliate funds but cannot play with?  This is really strange as Cainso will usually like that people wager with the funds so that they may lose the funds in this process and are left with no funds to withdraw.

Secondly, how can they distinguish that you are playing with Affiliate funds or your own funds? Unless and until you are either playing with all of your money at the site or you do not have any money deposited at the site.

After I calculate my wager vs withdraw = 4.5$ + 9$ + 8$ + 8$ + 8$ + 5.5$ = 43$
So the system indeed could flag me 43$ wager trying to wd 72$. But still this shouldn't be an issue any casino has to honor their bets and their affiliates.

The casinos should not be caring about the amounts like 43$ or 72$. This is just ridiculous that the casino earn thousands of dollars and they will lose customer who is playing on their platform for 1 year.
703  Bitcoin / Bitcoin Discussion / Re: Benefits of Bitcoins recent price drop on: September 17, 2023, 07:38:16 AM
I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

Despite such low adoption level Bitcoin has made it to 67k$ and now trading at 26k$. We need to understand that every new technology is rarely welcomed in the start. A decade back Bitcoin started its journey from 0$ and nobody predicted that it will go to 67k$ in next ten years. No doubt the adoption level is low today but we cant say that same will be adoption level of Bitcoin in next five or ten years. The biggest greed in accumulating Bitcoin right now is the halving coming up next year that will suppose to take Bitcoin price to new heights (DYOR).

The recent low bitcoin prices give an opportunity for the holders and believers of bitcoin to accumulate more bitcoins. Also, this gives another chance to those who wanted to have Bitcoin in their portfolio but waited for a low price to buy. Now is their time to buy and accumulate as we know that bitcoin will reach its All time high again near or after the halving.

Only the people who are in long positions or who do not know the future of bitcoins will panic at the bitcoin price drop. They get influenced by social media where they will find all the bad news along with the price drop making the investors' confidence shake and many weak hands just sell out their bitcoins.
704  Bitcoin / Bitcoin Discussion / A single Bitcoin transaction paid a fee of $500k on: September 17, 2023, 06:16:15 AM
These days you might have seen the debate where a single bitcoin transaction of 0.074 BTC, paid a fee of almost $500K, that is almost 19.8K BTC as a fee. This was mined by F2Pool meaning that the miners at F2Pool gain that much money. However, there is a debate that they will have to return this money as it was due to an error or bug at Paxos end.

F2Pool Debates $500K BTC Fee Return as Paxos Confirms Error

I am not sure if the miners will agree to the refund
Quote
While Paxos asserted that it had initiated contact with F2Pool to recoup the funds, the miner no longer seems eager to agree to a refund. 
, but we will see how the situation develops.
705  Other / Meta / Re: Why Bitcointalk do not have alternative front-ends? on: September 15, 2023, 05:02:58 PM
Why is it needed? Bitcointalk does its job by providing a platform where people can freely express their opinions. It doesn't need any cosmetic changes.
There are SMF themes but they are disabled due to security reasons.

To be honest, this is the best forum when it comes to readability. The forum is simple, there are no annoying ads and the ones in the signatures will never distract your conversations/reading.

Personally, I would not want the admins to change its front end or even apply any SMF themes.
706  Bitcoin / Development & Technical Discussion / Re: Mempool block 807829 took only 1sat/vbyte on: September 15, 2023, 04:40:26 PM
Yes, but not all miners since it was mined by Viabtc only the pool operator can do what transactions they want to include on the block they mined not their miners.

Well, there is another block mined with 1 Sat/VB;  block no 807837 and it is again mined by Viabtc.

If you notice both of these blocks 807829 and 807837 included only 264 and 159 transactions only, while the other blocks mined in excess of 12+ Sat/VB have thousands of transactions included in them.
707  Economy / Speculation / Re: Bitcoin is not going to $12k. on: September 15, 2023, 02:35:42 PM
At the moment, I am really assuming that bitcoin will not really go down that low. The price already dropped hard to $15k and that was it. Since that big drop, it started to increase to $30k. Now we are at another correction at $26k. The support is holding really strong. I'm glad I was able to purchase at $25k something last week for my monthly dollar-cost averaging. The price is looking to reach back to $28k or even more in the weeks to come.

So the price of $12k for bitcoin is only a dream to those who waited for it. I bet it won't happen this cycle since the halving is already happening next year and we already know what's next.

I am sorry to say that but if bitcoin goes to 15K or 12K$ levels at this moment, then the trend will be shifted and there will be no bull run in 2024/25. Going to 12$ means that we have broken the weekly trend of Higher High (HH) and Higher low (HL) and again moved to a bearish momentum of Lower Low (LL) and Lower High (LH).

I think the lower side of bitcoin at the current price level is very less and more chances is that bitcoin will continue moving up from these levels of 25K-26K.
708  Bitcoin / Bitcoin Discussion / Re: How valuable BTC has become overtime on: September 15, 2023, 01:15:33 PM
This doesn't affect me personally because I consider my old transaction a push in order to have this great success in the crypto industry. if weren't for those transactions we have back then, we wouldn't even talking all these things here or they might even be ignored or forgotten because it won't survive if those transactions never happen. Right now, all I can do is just continue doing the things I want which is buying low and selling high and a little bit of trading as well, in that way I'm still getting some decent amount of income whenever the price gets back to its ATH.

If we laughed at and criticized those who chose iPhones over bitcoin many years ago, we should also laugh at those who sold bitcoins for 1 thousand dollars or Laszlo Hanyecz who spent 10 thousand bitcoins to buy 2 Pizza.  we should even regret spending so much in the past because if we had let that money invest in bitcoin we would all have become rich.  I've seen so many threads about this meme in recent days that I really find this a pointless and tasteless comparison because the future is unpredictable.

We cannot blame those who sold 10,000 bitcoins for 2 pizza because at that time no one knew that the bitcoin price would be that high in the future.
If people knew at that time, no one would have sold their bitcoins when it was so cheap. Anyways, that's history but now we know that bitcoin will become more valuable in future, so our focus should be to accumulate as many more bitcoins as possible.

Previously those people did not have the data but now we have the data from the last 10 years, and we know that the price has overall increased over the period of time.
709  Economy / Economics / Re: Are you risking investment in other things? on: September 14, 2023, 02:38:14 AM
There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

Those who have seen the previous bull market know that the return on investments is highest if you invest in bitcoin in the bear market and sell near the top of the bull market. So those people would not be interested in real estate or any other investment market at this stage.

Personally, I am thinking of getting all my wealth into Bitcoin and even selling a property to buy Bitcoin now. Of course, after 1.5- 2 years (after the bull run) i can again buy the property and still have a lot of money in hand earned during the bull season.
710  Bitcoin / Wallet software / Re: Using Instant Exchange on: September 14, 2023, 02:10:31 AM
This is fairly easy for a blockchain analysis company to trace.

If, as you said , destination address in all transactions  is the same, then the mixing via  https://exch.cx/ has no sense,you will be traced by chain-analysis agencies

Using the instant exchange may not be a perfect way to hide your privacy but if we look at the OP point of view, he is only concerned with that ordinary people can't trace him.
Other than government and the exchanges (exch.cx) themselves, other people can't trace it like you , me and other people only access to the public blockchain ? Please tell.


In this case, any Instant exchange can be suitable for him. Blockchain analysis companies won't investigate unless they are hired by someone to trace anyone and in this case, OP have no concerns about it.
711  Bitcoin / Project Development / Re: Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution on: September 14, 2023, 12:30:44 AM
~
Perhaps a video tutorial that can be easily viewed on their website would be a good idea to better guide newbies into using and navigating through the app/service. also, I just want to add that on their website they have something called "schedule a demo" From what I understand if you schedule a demo, one of their "professional Bitcoin wealth managers" will show you how to use "a completely decentralized custody suite to manage your Bitcoin.".

I totally agree with the idea of dropping some info hints or a video tutorial on their website – that could really help out the newcomers. Plus, considering this service is still in beta, they will probably make some UI improvements to make it smoother and more user-friendly. Betas tend to start a bit rough around the edges, but with user feedback, they usually get polished over time. So, chances are this platform will get even more user-friendly and attractive to a wider crowd as it evolves.

Well, apart from any video tutorial, they can also link this thread Mixin Safe - Decentralized Bitcoin Custody Solutions | Review Campaign on their official site. There are almost 100 reviews on that thread and each one explains in detail how this Mixin Safe works and feedback from all those users.

For anyone who is new to Mixin safe, that is a very informative thread to read before actually using the Mixin safe.
712  Economy / Trading Discussion / Re: Are Technical Indicators useless? on: September 14, 2023, 12:13:17 AM
Indicators can increase the probability of making profit in trading, but it deos not 100% guarantee that if a trader use them to trade, that the trader would win. Indicators are just some things to know in trading but strategies is what that is most important.

This. Some people think using technical analysis indicators means that your trades can end up being right with like 80-90% accuracy when done correctly, which is simply ludicrous. In reality, at most, probably a bump up of an extra 5-10% in terms of chances of being right. Doesn't sound that big of a bump, but that extra 5-10% win rate stretched out to hundreds of trades, that number suddenly becomes very relevant.

Most of the technical indicators are passive ones and they are formed when the price has already performed certain patterns. They do not give a clue for the future prediction of the price.
These include the most commonly used indicators like moving averages, RSI and all many others. Most of them are used by the retail traders.

If you want to predict the price of bitcoin and other crypto currencies, you need to know the price action trading. Understand the price action is an art and it only comes with experience. However, once you grasp the price action trading, you will become a successful trader.
713  Economy / Exchanges / Re: eXch - instant exchange BTC / XMR / LTC / ETH / ERC20 on: September 13, 2023, 04:17:42 PM
So when I have set to exchange to 0.01 BTC to ETH, is there I have to send the amount of 0.01 BTC exactly?
What happens if I send it less or more for example I send 0.009 or 0.012? Will it be received according to what we sent?.

On the order set, I read that if I send 0.01 BTC I will receive 0.160154138151151 ETH (Network fee included). I think this exchange offered a very low fee and simpler transaction than the conventional exchange I tried. I think this is a big breakthrough in the future if they continue to maintain their service.

Well here is how i do it. I do enter the amount to calculate how many coins i will get, so i can get an idea of the exchange rate that i will get.

Now, before doing the actual exchange, I will clear all fields, and write only in the "To address" my address, keep the amount filed blank and click "Exchange". On the order process window, it will ask me to send any amount of the cryptocurrency to the given address.
714  Bitcoin / Bitcoin Discussion / Re: Keeping or recovering seed phrases during or after a natural disaster. on: September 13, 2023, 03:55:40 PM
It's a big concern if you only have one copy of your seed phrase, Our country has a lot of disasters, we have typhoons, floods, fires, and earthquakes and we have in our location what our experts call the Big One which happens every 100 years and it could happen anytime.

So I'm preparing for this I have three copies of my seed phrase stored on our farms and our ancestral home It is well kept and it's coded in case there is intrusion he'll have a hard time figuring it all out, having two or three secured and well-kept copies in different places is important you just never know when calamities and disaster happens.

Well dear, if there are so many natural disasters in your country, have you taken steps to safe guard your life first ? You can store your seed phrases to multiple places, but if there is no life then there is no use of all these phrases and money. I hope people give same attention to their lives as well.

Keeping seed phrases at many places may give you redundancy but at the same time, it gives more exposure to your seed phrase. For example, if you store it in bank , give it to some trustworthy person to store at another location and your home. Now if the bank gets robbed, or your relatives misuses the phrases then ?
715  Economy / Speculation / Re: Bear market likely over? on: September 13, 2023, 03:03:36 PM
I get your point virasog, but I doubt that it would be as dire for bitcoin as you suggest if some of those squiggly lines end up getting broken ($24,800 - ish). .and then bitcoin still ends up bouncing back, even though it wasn't supposed to be able to .. blah blah blah.

Yes, that's called manipulation, where the market makers and whales can give an illusion to the retail that look the 24K level is broken, now we are going down and everyone should sell, but usually such manipulation does not last long. Thats why we see "wicks" in the daily and weekly time frame, where the price moves down below important support but before the end of the day/week, recovers back.

In case, the price closes below the major support, does not recover and stays there in a higher time frame (Weekly), then chances are that the trend is broken.

Technical analysis (price action) does work in trading because the trading chart is not representative of the indicators & lines, rather it shows the human behavior and sentiments of the market, but most people do not know how to read them properly.
716  Bitcoin / Bitcoin Discussion / Re: Having the knowledge of bitcoin without having bitcoin is a waste on: September 13, 2023, 02:47:20 PM
No knowledge is a waste. If you have the knowledge about bitcoins but do not yet have the money to buy bitcoins, it is still not a waste. If you cannot buy bitcoins today, you will be able to buy tomorrow, what is required is patience and planning. When you have knowledge about bitcoins, you will be able to properly keep your investment in it safe when you finally have the money to invest in it. The knowledge you have gathered even before you were able to get your bitcoins will be important in safeguarding what you have gotten.

Yes, there are many people who do not have money to buy bitcoins. There may be teenagers or students who learn about bitcoin and they know that they will buy bitcoin once they start to earn money. So this logic that if you do not have Bitcoin, there is no need to know about it, is totally wrong.

Think that you are in a gathering and people/friends are discussing about Bitcoin, You can still participate in the discussion only if you have knowledge about Bitcoin (owing Bitcoin is not compulsory in this case).

Many people do not have knowledge about bitcoin but they then buy bitcoin and do not know how to safeguard the private keys and all other stuff. If they had prior knowledge it would be beneficial for them
717  Economy / Speculation / Re: Bear market likely over? on: September 12, 2023, 05:07:34 PM
-
We will see that, be happy, the Bitcoin market today was hit by a negative sentiment and became a bearish sentiment again after some time before recovering a few months, the candle in September had been confirmed to be a red candle.
Next month gives a better moment to Bitcoin, and the right distance to save Bitcoin to Halving Bitcoin in this cycle, I am very waiting for it.

For predictions of a few days, it is more sideway and below, and that will definitely happen, maybe this sentiment will push the price of Bitcoin to the level of $ 24K- $ 23k back in the next few days before Bitcoin does it back up.
For daily and weekly TFs it can be confirmed as a red candle, but I cannot confirm that this red candle will continue on the monthly TF. This means that there is still a possibility of seeing a green candle before September closes, so don't let your optimism disappear just because of a correction.

In fact we haven't finished the second week for September yet, so I think there's still plenty of time to see the differences. Negative sentiment in the market can turn positive, but it may take some time to expect recovery. Red candles have been kept in July and August, but I didn't hope there to be 3 red candles in a row. While I'm not really sure what caused the market to correct in the last few hours, it's a good idea not to pay too much attention to it if you don't accumulate.

Well, on a weekly time frame, there is no change in the structure of the bitcoin. Bitcoin is making HH and HL and as long as this structure remain intact the bitcoin will remain bullish. For me, 24,800 - 25,000$ is a key level. A daily close below this level will mean that we may be moving towards a break of structure, and a weekly close below this level will confirm an extended bear market.

I hope Bitcoin will not break this important support and right now we are seeing that Bitcoin is pumping nicely from this support but seriously we would not want Bitcoin to touch this support a few times, making it weak.
718  Bitcoin / Wallet software / Re: Unstoppable wallet {User experiences} on: September 12, 2023, 04:37:07 PM
But you are right, wallets should not be for trading. Although, those are not the real indicators, it is only suggesting buy or sell but not indicating it in candle sticks that will tell the information in charts instead of suggesting it. In my opinion, I do not see it useful and candle sticks indicators would be better and not misleading.

I wonder where they are getting this data from ?

My guess is that they get this data from the trading view which also shows similar type of technicals.




What if you're a Newbie, got this wallet recommended, bought your first Bitcoin, and then the wallet tells you "sell"! I'm not sure yet if I'll be recommending this wallet.

A Newbie will not buy and sell based on this indication because he wouldn't know how to use the swap option in the unstoppable wallet. By the time he learns the swapping coins, he should be familiar with basic trading and know what he is doing (when to buy/sell). If he just experiments with different options in the wallet without learning, then it is only his mistake.
Don't know why people won't drive a car on the highway until they have sufficient experience, but they will experiment with their crypto with incomplete knowledge. Sad
719  Economy / Exchanges / Re: eXch - instant exchange BTC / XMR / LTC / ETH / ERC20 on: September 11, 2023, 04:32:46 PM
What's the deal with exchanging to XMR? I see that currently there is 0 reserves so I assume this isn't possible at present if there are no third party liquidity providers?

I created an order to see what would happen and I get the following:

Code:
min: 0.00000055 max: 0.00000000

Obviously there's something not quite right with that calculation if the maximum I can send is 0, but the minimum is 0.00000055.



They have some limited reserves for a few crypto and XMR wallets just seem to fill up slowly. As you can see below the screenshot, the current XMR reserves are zero, however  the last 24 hour volume for XMR was only 310. Also i can see only 1.4 LTC in reserve at the moment. If many people will use this exchange, I think the wallets will get emptied a lot quicker.

You need to be online and refresh the site to see if the XMR wallet loads up and you can make an exchange.

720  Economy / Exchanges / Re: eXch - instant exchange BTC / XMR / LTC / ETH / ERC20 on: September 11, 2023, 12:28:58 AM
I've used the service for small swapping to test it. It's convenient service I wouldn't hesitate swapping larger amount if I had it. You can downloaded a letter of guarantee. They've processed swaps fast with good rates. They won't ask for KYC so users don't have to worry about getting funds suspended.

I have also tested the service and really like their service. i have also bookmarked the site, in case i would be needing to swap the coins, i will prefer eXch.

However, there is one question in my mind after my recent bitcoin to XMR swap. I send the bitcoin to the eXch.cx address and it took a few blocks until my transaction was confirmed. (These days the mempool fees are quite high) and my order was executed.

In case, we send Bitcoin to them with less fee, how long the order will remain active and wait for the confirmations? Is there any limit to this or the order will remain active to receive confirmation of the transaction even if it takes few days?
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