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September 26, 2020, 09:30:33 AM *
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1  Economy / Trading Discussion / Re: bull market and market news its a end of the crypto or whats wrong? on: September 25, 2020, 02:27:48 AM
or what is the problem that market cant act normally `?
like it was year  2017  when it will work again like 2017`? 

if you think 2017 specially near the end was "normal" then you are very wrong and naive. the 2017 was partially hype for bitcoin and 100% pump and dump for altcoins. there is no reason to see that be repeated for altcoins anytime soon because the market is still filled with a lot of them that need to be dumped and die before we are back to healthy altcoin market again.
it probably won't be until 2021 when bitcoin price is above $50k that altcoin pumping starts again.
2  Economy / Speculation / Re: Buy every dip! on: September 25, 2020, 02:22:22 AM
guessing the market, it's like playing a game of luck with a 50 to 50 chance of winning.
if for one entry you need 1 $ and you only have 5 $ in your pocket then you can only predict up to 5 times, in contrast to people who have 100 $ to enter because they have more opportunities and also the chances are higher if your balance is more Lots.

that's true if you guess the market and i'd say that it is more like a 80-20 chance with the higher being chance of losing because it wold be pure gambling with odds that can't even be measured.
but when you trade, you don't guess the market, you analyze it and try to speculate where it goes.
3  Bitcoin / Bitcoin Discussion / Re: What the future holds for bitcoin on: September 25, 2020, 01:43:32 AM
Bitcoin has a steady progress in mass adoption and recently Bitcoin ETF has been legally approve by the proposal of NASDAQ.

unless you have heard a fresh news that i'm not aware of, you are thinking of  some other country accepting a bitcoin ETF not the US in their NASDAQ and it really isn't an indication of mass adoption, it shows some adoption since ETFs are really bad.
4  Bitcoin / Bitcoin Discussion / Re: Operation DisrupTor: Over $6.5m in cash and crypto seized by FBI on: September 24, 2020, 04:24:35 PM
https://www.justice.gov/opa/pr/international-law-enforcement-operation-targeting-opioid-traffickers-darknet-results-over-170

So it's sending a message across the globe that the days of dark web will no longer 'fence' anyone, and even if you used crypto, the law enforcement agencies are going to track and hunt you down.

this news is so ridiculous on its own but when it comes at the same time frame as this one news here (https://bitcointalk.org/index.php?topic=5277702.0) it simply becomes stupid because the number is dwarfed in comparison to what the centralized banks are laundering every day using fiat and are completely immune from law enforcement!

when you want to fight corruption you pull it out from the root not peck at the tip of it a little bit and make big show of that. and the root is the banking cartel...
5  Economy / Speculation / Re: $1 Billion in Bitcoin Options Expire Friday. on: September 24, 2020, 04:14:35 PM
every now and then there are some options that are expiring with different total amounts (by the way you forgot to mention the source for that $1 billion amount which is weird) but the market never cares. there are times that some people panic and some other times that they don't so we don't even see that small panic move. but one thing is always certain, we can't predict what the next market move is going to be specially at times like this.
6  Bitcoin / Bitcoin Discussion / Re: Bitcoin a sure legacy on: September 23, 2020, 06:50:32 PM
It is highly advisable to purchase bitcoin because of its increasing value and the benefits attached to owning one in our present society.

i disagree. bitcoin should only be purchased when one sees the benefit of using this decentralized money that the government can not control and the banks can not corrupt.
otherwise if you aim to only buy bitcoin to earn more of the same corrupt fiat then you didn't understand what bitcoin is. and people should definitely not be encouraged to buy bitcoin because its value is going up!
7  Economy / Economics / Re: Pandemic pushed the US into recession- now official , analysis on: September 23, 2020, 04:53:48 PM
But the US President predicts "SUPER V" economic recovery Grin
So you guys don't have to worry about recession as it's only for a brief period.

oh, a politician made a promise. everything is dandy now Grin

kidding aside i'm still not convinced that we are headed for a catastrophe but there is definitely a recession going on even though we are not feeling it clearly right now. with the inflation and crazy money printing of the fed there is just no other option left but to see inflation and a recession even if a small one.
8  Bitcoin / Development & Technical Discussion / Re: Brainstorming: On chain decentralized exchange possible on Bitcoin Blockchain? on: September 23, 2020, 04:43:09 PM
It could be more expensive to run node for sidechain if:
1. It has bigger block size limit or lower block time
2. It uses more "expensive" cryptography, such as zero-knowledge proof
3. It's designed to store all kinds of data

true but even if it costs "a lot" to run such a node it won't be and can not be close to costing millions to run it otherwise it won't work.
besides, unlike bitcoin's blockchain that needs to store the history of all transactions, such sidechain doesn't have to store the history of all trades so it won't need to store that much data (if any since the trade itself doesn't have to be recorded in my opinion).
9  Economy / Speculation / Re: If these resistances are broken, the price of bitcoin could reach $ 16,000 on: September 23, 2020, 04:15:39 PM
This year is far from that amount,resistance of $11k has been broken and we are not at $10k again.
when we are expecting that $12k will be the start of Bull yet failing is one more time.

I quit of looking about that $20k like what in the 2017 bull happen.

I made profit last year in third quarter,so for me we can profit even if not reaching that high.

whenever i see comments like yours i immediately think of earlier this year when price was in $3000 levels and we kept seeing pretty much the same thing about $4k being impossible to break and we being very far from prices like $6k let alone $10k and easily saw that as soon as $4k was broken price kept going and snowballed to above $10k in a short time frame.
10  Bitcoin / Bitcoin Discussion / Re: Banks Launder $2 Trillion While Claiming BTC Is For Money Laundering? on: September 23, 2020, 03:16:16 PM
The popular idea is Bitcoin and cryptocurrency are the tools for processing illicit and criminal activities around the globe.

actually this is not popular at all. maybe only in certain circles like the banking cartel or the FUD army that tries so hard to keep the bitcoin price down.
otherwise in real world and among regular people, bitcoin is either unknown or is usually seen as virtual money for the nerds.
11  Bitcoin / Bitcoin Discussion / Re: Less Volatile Coins on: September 23, 2020, 03:02:57 PM
I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC.

you don't ever lose money by only "investing" in bitcoin, all the losses come from investing in an altcoin as they dump in the long term or when people try to "trade" cryptocurrencies and make profit from that volatility.
trading means buying and selling constantly to make profit in the difference. it requires a lot of experience and knowing when the market is good for trading and a little bit of luck. obviously many who complain have none of these.

Quote
Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.
assuming you live in US do you think you can invest in US dollar? that doesn't make sense because the value of US dollar is the same $1=$1 and it is the same with these "stable" coins, 1 Tether = 1 Tether = 1 USD. so there is nothing to "invest" in.
also these altcoins are centralized and highly risky because at any moment their value can drop down to 0 and no longer be 1 Tether = 1 USD and be 1 Tether = 0 USD.
12  Economy / Speculation / Re: What affects the price of bitcoin and other cryptocurrencies on: September 22, 2020, 06:00:46 PM
I agree that there is a difference, when a coin has a low demand but a very big community that can be enough to maintain a higher floor for the price than it will be otherwise possible and the reason for that is if the price of the coin reaches a very low level the community will react and convert the potential they have and become active demand, this is why some people may think of both as the same but they are not, a big community can become demand if needed but it is not the demand itself.
It could happen just the reverse as well. If the coin doesn't have a big demand and goes down, community size being super big could mean that they could turn on it and sell a lot more as well, when you have a ton of people instead of few they could react together and sell a lot, when the community size is small you could convince few people to not sell and they could stay, but when there is a huge community you can't convince them all to stay, especially when couple rogue ones start to sell the others will say "nobody listens to owners, I will sell too before I lose mine as well" and create a big ripple effect.

Demand and community size different and you should have them both high, one of them high and other low will cause you a lot of trouble.

demand and community are not two distinct things, they are the same exact thing. the demand shapes the community and community consists of people who are buying that coin (aka are the demand).
if a coin has a big community, that means there is a lot more people buying it and when drops happen it is so much harder to see it crash big time. for example bitcoin's biggest sudden crash is about 20% while altcoins can easily get dumped 90%

now we shouldn't confuse community with newbies who don't actually own that much coin and keep hyping the tiny amounts they have or the pump and dump army of shills advertising a shitcoin. that is fake community.
13  Bitcoin / Development & Technical Discussion / Re: Why do nodes accept OP_RETURN addresses? on: September 22, 2020, 05:20:23 PM
I just don't understand why we have to burn coins.

you don't. you simply set the amount field of the OP_RETURN output to zero and only have to pay the fees depending on the size of the transaction just like any other tx.

by the way bitcoin blockchain is not meant for "message staking". it is a ledger for monetary transfers.
14  Bitcoin / Development & Technical Discussion / Re: Why do nodes accept OP_RETURN addresses? on: September 22, 2020, 04:11:59 PM
As far as I know, a wallet does not allow you to send bitcoins on a non-checksum address. Shouldn't nodes have this restriction too?

a wallet is a higher level abstraction that deals with the user and has to have certain protection for the user. one is to prevent them from accidentally send coins to scripts they don't understand ie. OP_RETURN here.
a node on the other hand is enforcing the protocol rules and since it is allowed in protocol to send coins to OP_RETURN they accept it.

wallets also don't have a lot of other functionalities. for example they don't let users send funds to any custom scripts, use locktime related OPs, change their public key type,... all for the same reason.

by the way one of the reasons why OP_RETURN was introduced into bitcoin was to prevent people from inserting messages into bitcoin blockchain using addresses like those examples without burdening the nodes.
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATMs Surge As There Are Now Over 10,000 Bitcoin ATMs Worldwide on: September 22, 2020, 03:59:43 PM
bitcoin adoption has always had different aspects, it is not just the price going up. it is all the rest that comes with it, more exchanges, more shops, merchants, payment processors, all kinds of services, and of course ATMs.
we are currently in the initial adoption phase where people want to have ways of converting their fiat to bitcoin so things like ATMs and exchanges are hot these days. in a decade from now that bitcoin will take more of a currency shape, they will also go away as people get paid in bitcoin and use it the same way they use fiat and you don't need an ATM for that.
16  Economy / Exchanges / Re: 4% APY on Bitcoin on: September 22, 2020, 03:40:41 PM
the real question that nobody seems to be asking probably because they are too busy thinking about the profit is that what kind of guarantee will this exchange give the investor in return?
the answer is absolutely nothing except empty promises. if tomorrow they get hacked, the investor loses its money. if they go wrong in their high risk investments and lose a ton of money and declare bankruptcy the investor again loses money. if some day the US government thinks they are shady and shuts them down, again the investor loses their money.

good luck with your 0.01% monthly profit with such a gigantic risk!
17  Bitcoin / Development & Technical Discussion / Re: Brainstorming: On chain decentralized exchange possible on Bitcoin Blockchain? on: September 22, 2020, 03:28:00 PM
I see a big problem blocking this from being launched, and that is funding for nodes to run on whatever sidehain they make. It could be as simple as giving universities money to host their own nodes, if you need to get a lot of nodes up quickly controlled by different parties without an agenda. But who is going to spend millions to prop up a sidechain like that?

running a bitcoin full node doesn't cost anywhere near millions so why should a running a node on side chain cost that much money? besides what you are suggesting is centralization and if that is the only solution then we are better off using the existing centralized exchanges instead.
18  Economy / Economics / Re: How freelancing websites killed design and developement bussinesses ... on: September 21, 2020, 04:10:46 PM
i disagree and i'll give you one reason: they created competition and prevented big corporations from asking for ridiculous amount of money for doing a simple job.
now there are competing developers who are sometimes even more skilled and can do a much better job at a much more reasonable prices. funny enough that forced those big companies to lower their prices to realistic ones too.

now you shouldn't confuse freelancing with some newbies who know very little of some subject like website design trying to get a job and make some money. it is up to you to hire the ones who can do a good job by looking at their skills and checking their history.
19  Economy / Economics / Re: world economy usa will be first country tunr back to normal huge bull run world on: September 21, 2020, 04:00:27 PM
the world is getting ready for huge bull run.

usa is prapring easing all the restrictions usa will be among the first ones to trun back normal.

i don't think so. if anything the world is bracing for the crash that is slowly happening already. the inflation, crisis and depression are more likely in close term than "bull run"!
least of all in US, maybe you fell for some election ad Wink

Quote
crypto some coins will go up like  10000x or even more.
for starters "crypto coins" have very little to do with world economy and they are getting pumped nad dumped 10000x every day with or without the pandemic or world crisis or bull run.
20  Economy / Economics / Re: Possible Patterns of Recovery on: September 21, 2020, 03:25:00 PM
very interesting information here that i didn't know about.
but i think it is too soon to start discussing the recovery patterns at this point because the crash part is not yet over and with the way this nasty virus has been spreading lately and the fear that it has started mutating i'm afraid the real effects of the economical crash are yet to come.

and i think the recovery in some cases could depend on the type of the crash itself. a gigantic crash might have a W shape recovery while a small one be followed by a U shape recovery.
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