so far as i know all this drama is to activate SegWit and it seems like SegWit2x is going to do it and be compatible with SegWit that was first supposed to be activated. with that said it has 75.7% support so far in the last <24 hours according to https://coin.dance/blocks and all the things you said are only going to happen in case of a split and from what i am seeing with a high hashrate aka majority support no split would happen. and remember than there is a lot of the hashrate from smaller miners who have not yet signaled, they may be waiting to just join in with the majority.
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i stopped reading after the first paragraph! Craig Wright is a fraud, i don't care about criminal record and whether or not he has it. the only thing that i, as a bitcoin user care about is that he performed an Identity Theft and that is why he is a fraud as far as i am concerned. and by extension anything he says is moot.
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But it's segwit2x... it is the same as the regular segwit? Or are you forced to run non-Core software in order to benefit from the segwit activation? Because im never going to use anything that isn't released by Core as everyone else that isn't a idiot will do.
Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.
The hard fork in 3 months is simply insanity, it's not happening period.
If somebody tech minded could answer the bolded above that'd be great, please. i am not an expert but i believe it is. at least now it has turned into a more compatible solution than the it was before. i believe they have implemented BIP91 which makes it compatible with what you are caling "regular SegWit" you can also read this comment: https://bitcointalk.org/index.php?topic=1928093.msg19646403#msg19646403
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real funny part is
all these bips pushing hard to "activate" segwit..
but no one will be able to actually make a segwit transaction when activated... there will be delays and excuses of why people have to wait for blockstream to code a version which allows the segwit keypair wallet function on mainnet
so dont expect utopia on activation day.. plenty more drama after that of getting people to download yet another version after activation and then the cluster f**k of drama of getting people to move funds from legacy keypairs over to segwit keypairs
umm, this doesn't make any sense! litecoin already activated SegWit and it released the keypairs, i am not using it to talk from experience but i know people made SegWit transactions in early days to test and show how SegWit works,... so why do you say it is any different in bitcoin? and the sad part is that i started searching about "SegWit keypairs" and all i could find was topics, posts, articles of drama and attacks only!!! i didn't go deep though, maybe page 10 has something valid on it.
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check out the Goods boards, i don't know if you can call it a "business" or a "store" but there are certainly a lot of people there who are making good amount of money from selling all kinds of physical goods for bitcoin.
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may I ask what you need a bot for? Doesn't trading sites have enough features to have partial automation when trading?
bots aren't just for automation. they are also for making things faster, doing some special strategies, doing analysis and a lot more. in short you get additional features in a bot that you can not get from an exchange. if you want to see examples just check the two links above, these two bots have so much examples in their announcements.
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find another irreversible method of paying the money then. fiat and paypal are not the only valuable things you can transfer! because nobody will trust a random guy offering paypal for BTC, and you can check the currency exchange board to try your luck!
and also it seems like you have already try to "buy trust" and that doesn't look good in your trust history...
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Op, while you have awesome job of analyzing concept of bitcoin price, and its growth, you have forget about one major factor. Random worlds events and internal bitcoin problems - these two seem to be key force influences bitcoin price. Like that dip/correctlion/crash from 3 days ago, when investors panicked at the very first sign of internal scaling dispute among mining pools.
but effects of these "random events" have always been short. for example the latest panic sell ended as fast as it started. or as an older example i remember all the halvening hype and the big rise of that time followed by a very similar drop like this recent one. and again that lasted very short. so it must be something else that is driving bitcoin price. like the growing demand. and as Torque said it is getting easier to buy bitcoin these days with all these services such as Coinbase which only need one click!
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Bitcoin sucks as a currency, I've known that for quite some time
that is just your opinion! i have been using bitcoin as a currency (in addition to investment) for some time now and i have never experienced any "sucking" in it as a currency. the network is the strongest in security and code. and i am keeping a very good level of privacy when i am using bitcoin. also i have saved up on a lot of money using discounts whenever i find them.
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in bitcoin whenever there is a drastic change in price that is a sign to make a move. if you are a short term trader then both up and down movements are your signs but if you are a long term holder just investing (buying) in dips then only big dips.
when price rises fast and big, start thinking about selling. => $2900 when price drops fast and big, start thinking about buying. => $2100
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it is just a cycle, altcoins get pumped then they enter a bubble because a lot of newbies rush to get rich and then when things become critical the bubble bursts. this incident was intensified because of bitcoin drop caused by yet another block size drama. and here is a nice little photo for you:
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I think its time to jump ship and trade my bitcoin for eth. With the rate of growth of ethereum and the upcoming split with bitcoin, this can be an great opportunity. What do you guys think?
yes you should absolutely do that. make sure to do it as fast as possible. because there will only be 21 million bitcoins and you are holding some part of it which is preventing the rest of us from holding that part. there is no limit to how many ETH will be though!
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these days it seems like bitcoin investors are all a bunch of trigger happy people who have their cursors ready on the sell button whilst shaking in fear - i have no complaints though, it is more cheap coins for me, um num num
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It is possible and it is happening right now. There is somehow some dump probably a successful ICO that is recently finished and now cashing out their collected Bitcoin. Or a whale that want to play with market and give FUD so that price will decrease more.
How? Does this whale have every currency in the world? The price is dropping everywhere. And the FUD needs to be in every language. How will they do that? What you are suggesting is that someone is selling massive amounts of coins at a loss, spending a fortune on translators and trading surrogates at exchanges all over the world. And the payoff is a very slight chance of profits for a few hours at the most. Does not compute. a whale is just someone with a larger amount of funds who acts faster/first because they expect a move in a certain direction. it can be expectation of a drop because ETF was rejected, BU is threatening split, Mike Hearn says bitcoin is dead, or bitfinex gets hacked. or it can be expectation of rise because ETF is being considered, halvening is happening, Japan said we adopt bitcoin,... then this move starts the ripple effect, bots are alerted, the watchers start sending signals and the first wave join in and do the same and that move becomes bigger. then the sheep come in. here you don't really need to translate that news (FUD or whatever) they will find it on their own and do the rest. they visit reddit, bitcointalk, or their favorite twitter bullshitter and find out what is going on and run scared to exchanges to jump in the river and follow the current. this is incidentally the same time those "whales" are starting to do the exact opposite of what they did in the beginning. this is my observation of what people call "whales manipulating" bitcoin.
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this raises a lot of questions that i don't even know where to begin! - first of all github is not a file sharing website that you put the .RAR files there! it is for sharing code and unless you remove all the rar files and .exe files nobody will even look at it - secondly do you want to explain why you are copy pasting an old, dead project and posting it as your own here? https://sourceforge.net/projects/btcetradebot/- also remove the .git from the end of your github link. that is a download link not the link to repository! Is it safe? trading site will allow it? i didn't bother to download and check because i am away from my sandbox. but there is a high chance that the binary files (.exe) and the archive file contains some malware, probably keylogger or the famous clipboard BTC address changer thingy. the code however seems to be the copy paste of an old project as i said above. but it is still best if you stay away completely!
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it depends on how much balance you have in your exchange account and also how much profit you are making each day and also depends on if you want to open up positions or not!
for example if you have a small amount that you are playing with, then it is not profitable to withdraw and deposit with high fees (each time paying 0.001BTC exchange withdrawal fee!). but if you have 10BTC for example and making 0.5BTC profit then it is mandatory to withdraw.
and as for positions, you sometimes have to open up some orders (buy or sell) to be able to catch a good price so you HAVE TO leave money on exchange wallet.
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It seems that Bitcoin will just roam around $2700 for now and for the following week. A slow and steady growth is good for Bitcoin for now. No crazy pumps and dumps, just a smooth flow. I think that the price is just preparing for Australia to get on board.
Panic selling is not on the picture right now. The best thing to do for now is to hold and hold while accumulating more.
i think you need to check the price buddy. it has already gone down to $2540 (current price of bitstamp) a while before your post and that is because of the latest drama that bitmain caused!
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as for bitcoin i suggest waiting a little bit to see what the current trend is headed to because it seems like we are going to see some more dips which started today again! and as for ethereum i would think twice before investing in it at this point. read this https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36 it has some good points.
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