before this dump happened, a bull run could have happened this month but because of this dump the market has crashed and it needs time to recover and in a sense to heal itself before it can become healthy and start a real rise up again. and that takes more than a couple of weeks!
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i'm glad it helped. Thanks a lot for your help really. It would be my honor if I could send you a tip in the altcoin I'm contributing to, that is SwiftCash. You can access the paper wallet here https://swiftcash.cc/swiftaddress/paperwallet.html if you want to create an address without downloading the wallet and blockchain although the size is not big. And we'll soon get up a web wallet which is what this whole thing was about Once again thanks a bunch! cool thanks. here is the address i crated using the paper wallet tool: Se3bz4VHwYkBdkZWJBBRdj5X4pBk9aJFAg
i wish you success
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the "bear market" can benefit any trader as long as they are actually traders with some basic experience not newbies playing at trading. you can always use many different strategies to make profit during drops of a bear market including shorting but also other things like buying the dips and selling it back after recovery,...
but don't confuse any drop with a bear market. for example i don't consider the drop below $6k as a part of bear market. i call it manipulation. and during times like this only the manipulators make profit because there is no way for others to analyze the market and know what is going to happen so they can't take any appropriate action. you can try and risk a lot but it is not wise.
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the recovery will take a long time not because of some imaginary market cycle or definitely not because sometime in the past the same trend lasted X number of days.
it will take a long time because of the incidents of last month which led to an unexpected crash of the price that led to fear and lack of confidence and for that come come back it takes time. we also have accumulation to account for which needs a long time.
in other words if the manipulation of last month didn't happen, price would have already been on the rise and the downtrend would have ended.
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a lot of people are investing in bitcoin instead of day trading it. and that means for these people buying at a higher price like buying at $6k doesn't really matter. they had some fiat which they wanted to dump and they did that at the time. this current price is the product of day traders and whales trying to make money in short term otherwise in the long run there won't be much of a difference between it and a little higher price that we had last month.
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Who is that guy anyway? someone who is scared of bitcoin and believes that bitcoin's adoption is a direct threat to his bank and wants to postpone their inevitable doom as much as possible by delaying bitcoin's adoption when he spreads FUD about it while pretending he doesn't care...
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i think i figured out what the problem with that library is. in the transaction.js file they have replaced the original "bcrypto.hash256" with "bcrypto.sha256". since everything else about this altcoin involving signing is the same as bitcoin i don't think this step is any different. the difference between these two functions is that hash256 is a double SHA256 hash while sha256 is a one time SHA256 hash which is wrong since you need to double SHA your tx before signing it.
if i am correct then it is sending a wrong hash result to the signer which in turn will give you a wrong signature. try changing "bcrypto.sha256" to "bcrypto.hash256" in the code and sign again to see if that fixes it.
OMG! You're a genius. That was the issue Thank you so much man. I don't know how to properly thank you because your help was priceless! <3 i'm glad it helped.
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i think i figured out what the problem with that library is. in the transaction.js file they have replaced the original "bcrypto.hash256" with "bcrypto.sha256". since everything else about this altcoin involving signing is the same as bitcoin i don't think this step is any different. the difference between these two functions is that hash256 is a double SHA256 hash while sha256 is a one time SHA256 hash which is wrong since you need to double SHA your tx before signing it.
if i am correct then it is sending a wrong hash result to the signer which in turn will give you a wrong signature. try changing "bcrypto.sha256" to "bcrypto.hash256" in the code and sign again to see if that fixes it.
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I didn't know that but then if that is the case why is it that I get the same signature using either method every single time?
you made me doubt so i tested it using electrum. now i am 100% sure that what i said was correct, signature changes each time you sign. i have no idea why you get the same thing here though! maybe it is not using a truly random RNG in the signing process. you can do it yourself too. go to send tab fill in the fields and then instead of clicking send, click preview and then click sign. you can see the tx id (you can also copy the raw transaction and paste it somewhere). close this window select no in the warning and click preview again without changing anything. click sign again and you will see that the tx id is different. you can also click copy and decode transactions to see the signatures are different. * be careful not to spend your bitcoins suddenly by mistake if you tried this!
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the start of this rise was from above $1k which is 4 digits so even if price were to have some ridiculous drop it shouldn't go lower than that! which would be impossible for me to imagine because despite what we all know about manipulation, it is not that powerful to cause such a gigantic drop...
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The scriptsig part of the transaction is where the signature is placed, correct?
correct. That is the part I believe is wrong because it's different from the one I make with the wallet using signrawtransaction method.
each time you sign a transaction because of the randomness of the process used to generate the signature, you will get a different signature and a scriptsig as a result of that. so you can't conclude that your signature here is wrong just because you got a different one elsewhere. by the way when you want to check a transaction (its scripts) you need to post the scriptpub of the previous output that you are spending. in this case it is 76a914d4f5b4f2963c7df270eb900e0186a37cb4f851e888ac
6a (push 106 byte) 4730440220 4a248ab66525b734d460602ffcc3dc34e65a174ccaed327885eee538a758a07d0220 12dd13d94a37fff20f23fd6dfd6e21c18e257c44ed8f80e2b169d5a6e982680601 21 (push 33 byte) 021d1c9229b6e9ce28db46b5e4cd777419ce103e42b2e31989ef7efb6fd5536ef4 OP_DUP OP_HASH160 14 (push 20 byte) d4f5b4f2963c7df270eb900e0186a37cb4f851e OP_EQUALVERIFY OP_CHECKSIG it is fine up to OP_CHECKSIG, i don't know how to check that yet so my guess would be something wrong in that part. i've bolded R and S. and S is smaller than N/2 too.
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in case you were living under a rock, the whales have been dumping bitcoin so far. that is why price crashed nearly 50% from a very strong buy support at $6k down to $3k+.
and none of the big transactions that you so far saw on the blockchain had anything to do with it. literary none of them were coins that were sold on exchanges!!! and in the future none of them will ever be that way. what you are missing is that those large transactions are 99% of the times either P2P trades or a whale simply moving his funds to a safer place. and 1% may be sells on market which is highly unlikely. a whale who wants to crash the market doesn't want you to know it before he dumps otherwise he loses money. and these days with hundreds of these silly "whale watchers" they will never let you know it.
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you are right but everyone make order for profit and everyone's prediction and pshylogy is different.i think its going to fall more and i sell, you read the graphic and decided its going to move up, you buy.thats how market works.
so indeed when the market is in a bad condition, a person's mental and psychology will change drastically, previously planning for longterm but seeing conditions like this, he immediately tried to sell even though loss was only to secure assets. If they wait for market recover to get a better price, that is not worth it and this is the hardest mental test of the year before, many people have lost the current situation and some people still survive expecting the market to recover as soon as possible to convince the future this is only showing once again who invested in bitcoin irrationally and emotionally and who invested in bitcoin after extensive research and because of its technology and the potential that it has. the first group are the ones that usually invest a lot too, and they always panic. and the second group is always investing more logical amounts that they can afford to lose and never panic. people should try to be in the second group!
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the answer is obviously both!
haven't you ever heard of diversification? that is how you diversify. you find assets that are not related to each other and have enough potential of profit and you invest different amounts in each of them based on the risks you are willing to take. for example if you really think gold is better then invest a larger percentage in gold. and i am assuming you are already interested in bitcoin and/or own some otherwise you wouldn't be here. so invest a smaller percentage in bitcoin if the high volatility is scaring you.
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There's never a need to enter at one particular time. Better to pace your buys over a few weeks or months. My own willy is telling me Jan/Feb is when we might hit the gutter.
Obviously if you're a believer now is still an OK time since it's 80% down.
Probably a false statement but you can only go down $4k and the upward potential is $16k. Buying on the way down might be a good approach instead of getting caught out whilst waiting. "buying on the way down" is very misleading in my opinion. we have drops and then we have dumps. and both are the same "going down" but you should never buy during a drop (like when a bubble is bursting and price is dropping or some altcoin is getting dumped) while you can buy during a dump (like when price suddenly drops to weird prices like now out of nowhere and because of manipulation).
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miners getting rid of uneconomic mining rigs?
i heard some people say this is the reason, and that may be a part of it but i think the main reason is simply the price drop itself! just like when price rises, mining bitcoin becomes more profitable and as a result more miners come in (ie hashrate goes up), when price drops mining bitcoin becomes less profitable and as a result some miners quit. currently we are more than 30% lower than the previous stable price above $6k and same amount is gone from profits so it is logical to see near as much drop in hashrate also.
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I still don't understand the bitcoine. Seems like their one sole function is pure speculation.
it has nothing to do with bitcoin's "sole function"! your mistake is hanging around places where people keep talking about its price. it is like going to a bar from dawn to dusk and then say every person in the world is a drunkard! start hanging around in other circles such as developer's circles to see the technology growing, the merchants like visiting lists of merchants accepting bitcoin, visiting decentralized market places that thousands of p2p trades using bitcoin and some others are taking place every day,... and your perspective will change.
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instead of worrying so much about what might or might not happen after 100+ years where you won't even be alive anymore, you need to worry about right now and the things that you are currently missing such as being on the ground floor of this revolutionary and unique currency!
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What happened to you is a very strange thing. Can you include addresses here? It has been several months since it took more than 10 minutes to confirm my transactions. In fact, I get confirmations within two minutes and up to medium fees.
generally the problem that i experienced wass mostly in the past week ever since BCash fork drama started and bitcoin price also fell. bitcoin lost a small percentage of its hashrate which made finding blocks a little slower and also like always sudden and big price changes invites a surge of transactions. so when you low ball your fee to pay the minimum amount to have high priority (like 5 s/b) then a surge happens your tx falls behind. so you either have to pay higher than recommended or get lucky and see a block right away.
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i believe that at this point everything will be very similar to 2013 to 2017. there was no reason for it but people pushed for this similarity enough that now it is becoming a reality. this means a very long downtrend then a slow rise and as we get closer to the previous ATH we will see another surge of buyers which means in about 2020 we can see a price over $80k at least.
at this point the only thing that i am interested in regarding price is when market is going to be less manipulated by whales and FUD.
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