1601
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 20, 2018, 01:33:04 PM
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Things like Pirate Bay or any P2P system referenced could have easily been crushed by now
They tried. They closed Megaupload, and the legal persecution of Pirate Bay in Sweden is well known. My guess is that they dont try it anymore because most people on the internet dont use P2P. They prefer to pay with streamed applications, like Netflix for example. Bitcoin is only seem as a threat because investors from stock markets wants to join in. Mass adoption as a currency is very far from the point we are now.
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1602
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Alternate cryptocurrencies / Altcoin Discussion / Litecoin forks
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on: January 20, 2018, 02:20:44 AM
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Can anyone provide me with a list of litecoin forks? I know that the sbtc team had forked litecoin, but are there any more? I have been thinking in moving my ltc to claim forks, but I need to know how many do exist.
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1606
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Economy / Speculation / Re: Is BTC consolidating above 10K and ready for an uptrend?
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on: January 19, 2018, 06:07:16 PM
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So does that mean if I were to sell today, I mightn't know for weeks if it had actually gone through? This depends on how much fees you will pay. But the more unconfirmed transactions, the more the mempool is clogged, and the higher will be the fees, even for slow transactions. Right now is 434k satoshis per kb. I cant claim forked coins until this mempool is free.
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1608
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Bitcoin / Bitcoin Technical Support / Re: What is the difference between Segwit? Native Segwit? Legacy? Which one better?
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on: January 19, 2018, 04:47:37 PM
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I did some experiment. Sent a bit more than 0.006btc from a exchange to a new wallet. Before sending, I assigned the only address on this wallet a segwit address. After adding the segwit address, I sent from the exchange to the initial legacy address, not the segwit one.
Then closed QT, got back to the August wallet, re-open QT, and tried to sent 0.005btc from there to the exchange. The fee was 98000 satoshis, approximately. Since I was only checking, I didnt sent the value.
Closed QT again, switched to the new wallet, re-open QT, and tried to sent 0.005btc from this one to the exchange, got the same 98000 satoshis fee. Again, I was only checking, but I got the same fee to send 500000 satoshis.
What I did wrong? Should I have sent from the exchange to the segwit address, instead of the legacy one? I didnt sent to the segwit address, because I thought this address is only to witness transactions for the main address.
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1610
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Economy / Speculation / Re: Calling top at $16500 (NEW 17th Jan: $4,100 bottom called)
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on: January 19, 2018, 12:15:45 PM
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I couldn't even begin to guess! in the region of $600-$60,000 !!! Far too much chaos in the marketplace right now
Dont you think that your reasoning is being obfuscasted by emotions brought by squeezed shorts? You clearly shorted bitcoin, a lot of it, if not all of your stash. You still can go back, even if you'll have less. The price will increase anyway, and you can try to short again, once it reaches a new steep high.
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1611
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 19, 2018, 12:07:47 PM
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The bank gives you 1% interest for storing money on it, while it asks 10x that from one taking debt from it. Do you see this happening with bitcoin? All I see is 1000% interest, you having control and responsibility over your own money and new technologies that can destroy the credit card oligopoly in the future. There are some altcoins with lending systems, but they are very obscure and few people will use them. With bitcoin we finish usury as we know it. You talk so much about jews, but you are defending the system which supports them.
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1612
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Bitcoin / Bitcoin Technical Support / Re: What is the difference between Segwit? Native Segwit? Legacy? Which one better?
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on: January 18, 2018, 06:34:08 PM
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The easiest way of 'switching to SegWit' would be to simply send your whole balance to a (newly generated) SegWit wallet/address. You don't have to first create another legacy wallet. That would just be an additional (unnecessary) transaction (incl. fees). Just create a SegWit wallet and send your funds over. Depending on the amount of 'inputs' you have it might result in a pretty big TX (and high fees).
I use bitcoin-QT as wallet. If I move my wallet to another folder, QT creates a new wallet automatically when it starts. But this new wallet is always with a legacy address. What I know is that you can create a segwit address using a legacy address. I did this in a empty wallet, just as a experiment, but when I tried a transaction from my main wallet to this empty wallet it had the same usual fees of legacy wallets. However, I didnt create a segwit address in my main wallet, because I dont know if it is safe to generate those address in a wallet created in August 2017, that is, before the implementation of Segwit. Should I send all the btc to the empty wallet, which have a segwit address, and only then, assumes that new transactions coming from this new wallet will be smaller?
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1615
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Economy / Speculation / Re: CBOE and CME futures have ZERO effect on bitcoin price
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on: January 18, 2018, 12:18:04 PM
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CBOE and CME themselves, as institutions, dont have any effect on bitcoin price, really.
But we cant say the same from hedge funds who are betting on these houses. They can buy bitcoin in exchanges, pumping the price, and then dump it easily, one or two weeks before the contract expires. And it is not a single billionaire, but institutions, hence this steep rise.
Just compare October and December rises. October had a organic rise, just people buying, but December was meteoric, big green candles. Some will say it was adoption, but people usually sell by Christmas, pay taxes and then come back after January. Surely it was institutions buying after futures opened.
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1616
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Economy / Speculation / Re: Again, BTC remains above 10K and refuses to dip further
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on: January 18, 2018, 12:02:00 PM
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It have, but this chance is dwindling every day.
We are going sidelines for two weeks, with small chance to have some dives to 8k and then bouncing back, the so-called bear trap. After that we will go slowly back to 20k in February, and then, on March, we can reach 25k.
This, without considering the interference of futures contracts. Since hedge funds are buying bitcoin, price can be pumped and dumped heavily, with high volatility. We can still have a dump until 26th, when CME expires, but since CBOE is buying back, there can be a tug of war between green and red candles.
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1618
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Economy / Speculation / Re: Bitcoin Futures Ended today ( Crash caused by banks?)
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on: January 18, 2018, 02:51:03 AM
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The pump in December and the crash now in January were provoked by banksters.
January crash would happen anyway, it happens every year, but the sharp way it did was only possible because of Wall Street manipulation.
To win the short contracts, they had to buy lots of bitcoins, in a small window time, hence the pump in December. They also pumped ripple, to be able to buy bitcoins from noobs. With enough supply in the exchanges, they just shorted it.
The lack of available supply in cryptospace did not prevent their plans, as a single dump sparked the panic. The rest was done by noobs selling their positions, finally dropping the price to what was "predicted".
If they will repeat it? Sure they will, they did it with gold and silver, and see now who controls PM supply. As more and more noobs get traumatized by such dumps, more will be out of cryptospace, ensuring market dominance by those sharks. Bitcoin will not turn into a currency, but a market asset.
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1619
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Economy / Speculation / Re: Reverse Head and Shoulder Pattern Forming
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on: January 17, 2018, 10:50:36 PM
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Also, someone said that CME contract expired 1/17, which means that the short is expiring now.
I couldn't find a source to confirm that, but if it's true, then Bitcoin will be pumped massively. And the alts will recover with it.
Was CBOE which expired. CME will expire by 26th January.
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