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1  Economy / Services / Re: Can anyone accelerate this transfer? on: February 12, 2020, 09:54:51 PM
I've tried to push it a little and accelerated it with bitaccelerate.com and other services:
Is this a real accelerator or just sort of the same as confirmtx before? I doubt that this is an actual accelerator.
Same as confirmtx. It's not doing anything at all, which isn't too surprising but people keep spreading similar sites on social media pretending that they do work, while in reality they do not work. It's just a traffic guzzler.

There was a guy on here being a miner at one of Bitmain's pools accelerating transactions for people, but currently I don't know anyone who can provide a similar service. ViaBTC has always been the best low tier option for people.
2  Economy / Speculation / Re: BTC made a move above $10k today due to this? on: February 12, 2020, 03:38:39 PM
A lot of TA guys were suggesting we'd stay level around this point until the 21 emancaught up (I think weekly they meant).
I think they were referring to the 21 daily ema because the weekly 21 ema is quite a bit lower.

Either way, it would make sense for the markets to consolidate for a while so that the ma's catch up on the price a bit more, but in an environment this bullish consolidation isn't what you should wait for.

People waiting for dips aren't getting anywhere because the little dips are bought up so quick that all the moon boys can't do anything but see the price trend even higher. They need to buy and sit on their coins and not wait.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Trending on China on: February 12, 2020, 03:10:32 PM
Bitcoin cannot be used in their country if they are going to banned it, but for sure this is going to affect a lot of businesses and companies in China also their economy since bitcoin has a big impact on China's economy.
It's impossible to ban Bitcoin to a point where people can't use it anymore. All they can do explore legal routes most people and businesses will abide by, but in the background there will always be use of Bitcoin.

I don't even know what to believe anymore from all the China articles I read---they are either manipulated on purpose or they are poorly translated where people are presented a false sense of reality, which really really sucks.

I stopped paying attention to China for the most part. It's a huge country but I don't have any understanding of that market nor the contacts that do. In other words, take everything you read with a grain of salt.
4  Bitcoin / Bitcoin Discussion / Re: Bulgaria's government is top countries of the world for owning the most bitcoin on: February 12, 2020, 02:44:46 PM
Bulgaria wish it had that many coins. I have seen so much coverage on this for quite some time now but never seen any research actually pointing at Bulgaria's **imaginary** Bitcoin fortune.

Bitcoin's is transparent and at the same time the most widely monitored blockchain, which means that if there was actual evidence of that many coins being owned by a government it would be public information.

In this case I'm happy that they most probably don't own that many coins. I want governments to stick to gold and keep buying that metal with the money they created out of thin air.
5  Economy / Speculation / Re: Bitcoin Dominance rising again. What is happening? on: February 07, 2020, 03:18:18 PM
I wouldn't call it altcoin season yet because a lot of them are running into serious resistance. If altcoins can get past their resistance levels and make higher highs, the Bitcoin market cap dominance will drop under 60% quick.

The only bought altcoin that I currently hold is Ether, which I bought back when Bitcoin was crashing below $4k. I will only cash out a portion if Ether breaks through 0.04BTC, but currently we're far away from reaching there.

I'm sure that when I do my best and search for BCH/BSV on some older wallets they must be there, so I'll dump these first because there isn't anything I like about them and it's free money at the end of the day.
6  Bitcoin / Bitcoin Discussion / Re: What has bitcoin done for you? on: February 07, 2020, 02:41:21 PM
Bitcoin made me become interested in economics, and at the same time help me get into an asset that could very well change my life financially. It's an opportunity not present anywhere else in the traditional market space.

I see a lot of people claim that they are here for the fundamentals only, but that's utter nonsense. If there was no upside potential, people wouldn't hold Bitcoin for long periods of time because it wouldn't make sense.

This is also why bull markets are so important for the crypto space in general because people enter because they see the price go up. Afterwards people get interested in fundamentals, but the financial aspect still matters the most.
7  Economy / Trading Discussion / Re: Bull and bear market. on: February 05, 2020, 02:30:37 PM
You can make money on both the bull and bear market. The only difference between the two is that in the bull market the prices are very volatile and would require you to get in front of your monitor time by time.
Bear markets can be quite volatile as well depending on the stage of the bear market---the last part is always accompanied by low volatility due to the tightening range but that at the same time might be an excellent entry point.

The same can apply to bull markets whenever we hover below the all time high---the bull markets with insane volatility are those where the all time highs have been broken already (ie: 2013 and 2017 bull markets) with no resistance left.

Overall, volatility is quite subjective because your definition of high volatility might not align with mine or the rest of this forum. I find 5-10% moves quite volatile while others might consider these moves a joke.
8  Economy / Trading Discussion / Re: Best trading platform? on: February 05, 2020, 11:23:05 AM
The thing that draws me to this particular platform is its copy trade feature. It helps me with developing new strategies and improving my decision-making process.
Is there a certain volume threshold you need to reach in order to unlock the 'copy trade' feature or is it available to anyone with an account? I'm curious because I might look into it myself in order to improve my own trading.

It seems too good to be true to just copy the trades of those who make big money for free.

Question to you: how much did it help you to improve your decision making process? And how much more profit did you make?
9  Economy / Trading Discussion / Re: Will Bitcoin Trading Make The US Economy Stronger? on: February 05, 2020, 10:49:20 AM
I'm waiting for a thread where people wonder if Bitcoin can reduce animal suffering.......

I don't understand why people think that Bitcoin is a magical pill that improves every aspect of our world. It isn't a magical pill and it never will be. It's one of the many alternative assets and that's where it ends.

Bitcoin's actual volumes are pitiful. In reality there is about ~$100-$500 million in daily spot trading volume depending on how much volatility there is. All the volumes reported by coinmarketcap are >98% bogus (ie- nonexistent).
10  Bitcoin / Bitcoin Discussion / Re: How Many Bitcoin Forks Are There? You will be surprised!!! on: February 04, 2020, 03:00:54 PM
As I have told already, now I will have to ask mods for help and if this doesn't help, I will have to close this thread because this discussion about BSV altcoin is totally off-topic.
This thread is about forks so what do you expect? In my opinion, it's fine to discuss individual forks (altcoins) because they do matter and may yield valuable information that people weren't aware of yet.

I don't think moderators will do much unless it's truly off-topic or pure sig spam. If you want to dictate the discussions and delete what you consider off-topic or spam, the thread should have been self-moderated.

A lot of people still have unclaimed BCH, and thus BSV. In that sense it is relevant because it was BTC that donated these coins to them.
11  Bitcoin / Bitcoin Discussion / Re: [VIDEO]The Empirical Proof of Bitcoin's Real Value Being Zero on: February 04, 2020, 02:42:46 PM
What do you think is mostly driving price up for BTC ?

I'm convinced it is only speculation.
It doesn't matter what the market is, the factor driving prices is always speculation related. In all cases, the market tends to front run the potential 'utility' of an asset, which is why we see Bitcoin at $9k and BSV at $300....

I recall CSW having said that the value for BSV isn't that important, he wants BSV to be a platform people build on, which makes the applications on top of it valuable, BSV not so much.

Ethereum is the most built on platform and generates a shit ton of transaction volume, but its price is still under $200.... It's an indication that people value what's built on top of the protocol more than the native coin.
12  Economy / Service Discussion / Re: Some exchanges accepting Lightning Network on: February 04, 2020, 01:44:59 PM
From that list I only know bitfinex but it is still good to know there are others.
Bitfinex might be the exchange people know from OP's list, but not one I feel comfortable using or recommending others to use it.

In a few years when Lightning gets adopted widely, the others won't be able to afford to ignore it anymore. Shits like coinbase will drag their feet to the last minute probably. I expect binance to be the second big LN exchange.
Coinbase will not stay behind, but there is no rush to the implementation of LN either.

They can bank on their first mover advantage and main fiat on/off ramp in the space for many more years to come. No exchange brought more capital into Bitcoin than Coinbase. I don't see that change at all.
13  Economy / Service Discussion / Re: Online exchanges that will match opening deposit on: February 04, 2020, 12:59:33 PM
Only few exchange doing that promotion and mostly only new exchange have that.
Bybit has been such an exchange. It's being shilled by many known social media influencers (sunnydecree, themooncarl, ivanontech....) which is kinda sad to see because they only care about their payment from Bybit.

As said above, it's mostly done by gambling sites to tempt poor souls to gamble more what they can afford, because you will lose in the long run. It's nothing new or groundbreaking, but people still think it's a viable income method.

Overall, I would prefer to look into technical analysis or some other fundamental investment metrics that make a coin a potentially good investment. Much better than hopping from one site to another for a bonus.
14  Economy / Services / Re: [FIN]Sudokuwallet Signature Campaign | Sr. Members + Hero/Legendary | BTC RATES on: February 04, 2020, 10:20:16 AM
I feel this long term campaigns benefit a lot from exposure compared to ones that just keep closing up after short periods of time.
This. It's a bit odd that one week of campaining is enough to determine how successful or not successful the campaign is. I think that you can only come to that conclusion after two or three months.

Then we also have brand awareness. It could be that people don't need this service today, but might need it next week or month. Now people will forget about Sudokuwallet because they no longer are seen on this forum.
15  Economy / Economics / Re: Corona Virus and The Effect on The Markets on: February 02, 2020, 10:55:10 PM
There might be other reasons why bitcoin have increased it's price because viruses like corona will only affect the mortality of a human being not the market.
It has had quite an impact on the Chinese economy with how very large cities have seen a dramatic decline in productivity and directly economic growth. In this case it makes sense that there is a negative effect on the market.

In crypto it's nonsense. People shouldn't hope that the Corona virus is causing the price to increase because if that was actually why the price went up, the price would give back its gains when the situation around the virus calms down.

You definitely don't want Bitcoin to behave like a safe haven because it would miss out on the mad gains during a decade long equities bull run. Gold as safe haven performed very poorly in the last decade.
16  Economy / Economics / Re: Bakkt is done? on: February 02, 2020, 10:04:13 PM
sad reality, in 2019 Bakkt was used as material for FOMO Bitcoin and after Baakt was launched it looked disappointing, this made me think about Eth 2.0 information, and Halving Bitcoin this year, would it be like Baakt's fate?
Bakkt has done much better than I expected it would do, but it seems that in the last couple of days the volumes are on the way down again, possibly because of their market makers taking a step back.

Bitcoin's halving is such a non happening as far as speculation goes. Do people seriously believe that the large funds are going to buy in right now because of the halving? They have done that early 2019 and currently sit on a sweet pile of coins.

Markets price important happenings in before the mainstream media starts reporting about it, and I do believe that Ethereum 2.0 isn't any different because it has been on the roadmap for such a long time.
17  Bitcoin / Press / Re: [2020-01-19] Peter Schiff Says Owning Bitcoin (BTC) Was 'Bad Idea' After Losing on: February 01, 2020, 11:19:01 PM
now I know when you choose to use full controll wallet ( can acces private key ), you must save it carefully, but when you save your bitcoin in exchange or something like thats, you must ready too the service can be like MtGox.
That's what hardware wallets are for. It's a noob friendly way of using crypto without worrying about too many attack factors. It still requires you to hide your recovery seed, but that shouldn't be too much of a problem.

The only problem I have heard of from people I know using a Ledger was that it took a looooong time to update because of how slow Ledger's servers were at that point, but that's a minor annoyance in my opinion.

It might also have been related to how active the market was and for that reason more people were updating/setting up new devices, so it might very well be that Ledger has upgraded its servers to meet the increased demand.
18  Bitcoin / Press / Re: [2020-01-30] Bitcoin Has Lost Steam. But Criminals Still Love It. on: February 01, 2020, 10:39:48 PM
Come on, of course it's because black market stuff is sensational. Even if analytics prove "black market stuff" actually doesn't prefer BTC (as Lucius shares 2 posts above), you'll still write otherwise.
It's a business model that's built to extract the most value out of anything that makes people click.

I however find that people should be able to post whatever they consider a worthy read, no matter how non-worthy others might find these articles. If you don't like an article, then ignore it and move to something that does interest you.

I find the discussions these articles spark quite worthy to read on their own, and it also shows how people here think about this subject and how their opinion has changed or not changed throughout the more recent years.
19  Economy / Speculation / Re: Bitcoin is officially about to enter bull market, guys your thoughts... on: January 31, 2020, 11:34:35 PM
Bitcoin works best in a long term thus, the good price we are seeing now may not be a sign of having a bull run. We all know that bitcoin can be very unpredictable we might see and incredible increase in the past few days but we really don’t know what’s gonna happen in the next few days.
It depends on the strategy you apply, but the least risky form is buy low sell high. If you have a long term time horizon, you will do well but it will take a lot of patience and dedication because of how irrational markets can be.

The bear market that followed after the 2013 bull run was exhausting and I'm sure a lot of people gave up on Bitcoin because of how long it took to get back above the ATH, which to some degree is understandable.

Bitcoin back then wasn't as fundamentally important as it is today, so currently it should be a whole lot easier to sit through bear markets and actually use that to accumulate as many coins as possible by applying dollar cost average.
20  Economy / Speculation / Re: I'm trapped in trading on: January 31, 2020, 11:00:16 PM
I know how it feels to be left behind where you hope that the price tanks hard so that you can finally load up on Bitcoin, but waiting for the price to tank isn't a good way to deal with this situation.

It's better to use 25% of what you have in stablecoins to buy Bitcoin so that you at least have a decent position in case the price doesn't go down but only heads higher, which currently is the more likely outcome.

The market has given enough signals that it is ready for a trend reversal. People often think that there are sellers lined up to sell whenever they have a chance, but that's not the case. This is a buyers market. Don't short it.
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