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361  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 03, 2017, 08:36:58 AM
Cryptocurrency is a giant rat trap designed to ensnare your money and prevent you from being able to access it.  Every single one of these exchanges is like this now, and since Bitcoin is not the unit of account of anything, it's value is entirely derived from it's ability to convert to fiat:



You get the same bullshit KYC/AML from bullion dealers, banks, in fact anywhere a transaction or sequence of transactions into fiat is above certain trigger thresholds (~$10k).
At least with Bitcoin you can transact without entering fiat, something you will struggle to do in anything else.
362  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 03, 2017, 08:01:40 AM
I am really thinking about selling some BTC (what I have never done before) when we start pumping again.

Only to buy again after the price correction / small crash afterwards.

If I only knew there the top was ... :-/

The tops are easy to spot, just look back a few weeks and see where it was at it's highest  Tongue
363  Bitcoin / Bitcoin Discussion / Re: THE BEST BITCOIN WALLET on: June 02, 2017, 05:58:02 PM
Is your computer Trojaned? Are you sure. Every AMD & Intel processor has a back door, windows has back doors, drive by browser vulnerabilities. Really if you store any amount of coins on a computer, or online account you are crazy.

If the price of a hardware wallet is small compared to how much you are holding you must get your coins off your computer and get one.

I used to use an air gapped laptop running armory, but its too much hassle, so now I use a Trezor to store coins, and for small amounts Bread Wallet on non-jailbroken iOS.

If you must use computer based wallets, make sure you keep the machine clean, no warez, pirate stuff, porn etc, dodgy shareware or freeware etc. But for me, its not worth it.
 
364  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2017, 12:31:17 PM
Now that's a fine perspective:



A summary of James Turk's useless predictions.

http://www.dvdbeaver.com/Gary/gold/james_turk.htm
365  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2017, 08:52:06 AM
The bitcoin market has never taken money from me besides the occasional transaction fee and whatnot, so I can't even imagine what it would feel like buying a $2800 bitcoin and the price immediately going to $2000, but I'm sure that guy is in this thread somewhere.


So do enlighten us to the reasons you come here to spread your permanent negativity.
1) Is it a moral duty to wake up the perma-bulls
2) You revel in the joy of others suffering
3) This is just a bear alt personality, designed to contribute to market manipulation
4) You have a silver mine in your back garden or bought lots at peak in 2011, and are sitting on huge loses.

Please enlighten me to your motivations, I'm curious.


366  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2017, 08:06:07 AM
it's going so fast. Ho many % in one month ?
Over 100% !!

On a side note, anyone know somewhere in the UK that accepts BTC for a nice car?

Congratulations - enjoy the well earned BTC =)

If it's more than £11K watch out for CGT, who knows what data from kyc/aml is passed to HMRC behind the scenes. Probably better to hold 20% for a year in reserve just in case.
367  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2017, 05:26:47 PM


Either someone has a weird sense of humour or google translate is a bitch
from: (change to English)
https://www.bithumb.com/u1/US138
368  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2017, 04:53:25 PM
You guys are so rich now. It's embarrassing. I hope you're giving to the poor. Angry

i have to walk to the local bank on a daily basis (part of my job). there are beggars sitting on the sidewalks. i always gave them change. since december, when price rise started to accelerate i decided to give em more as long as bitcoin is rising. not long ago i had to start handing out € 5 notes which raised some eyebrows. last week i switched to € 10 notes. they must really wonder what kind of freak i am, because next week i will start with € 20 bills and if this sucker keeps rising there are still € 50 and € 100 bills. not sure what price level must be reached until i pull out the € 500 bill. but i am commited.   Cool

respect!
369  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2017, 09:07:26 AM
It really seems like a bot is constantly buying, like with Mt Gox. But I wonder if that is the case, or it is just general buying pressure from new investors.

Everytime an exchange is hacked for BTC, they need to recover those by re-buying them, just like Gox was trying to do. (Excluding any permanent hair cuts) we know of lots of hacks in most of the major exchanges, there are no doubt some we don't know about. As the price starts to climb, it makes sense to step up the frequency and quantities of the buying bots to capture the coins at the lowest price.
Many people , including myself independently spotted willy bot, but times have moved on and with a little thought and programming its going to be almost impossible to see them in action, but its got to be likely that they are contributing to this rise.
370  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2017, 08:52:04 AM
Some of us actually are here for the Bitcoin, because we think Bitcoin is better money than dollar or euro.

And you're real heroes  Cool

Anyway don't put your eggs in the same baskets.
I mean come on everyone likes euros and dollars too. Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone Wink

This way if it IS a bubble you won't be completely fucked.


There are two ways to make money in life, one is taking money from others and effectively making them poorer, the other is by creating value (utility) and sharing in it's profit.
To me Bitcoin is creating value and being a part of it, many altcoins are more like the former, you know someone is going to get burnt, and just like a ponzi you get in and out earlier than the rest, leaving some with a loss.

No-one can deny that creating value is the better for everyone, but if you only think of your self, well, whatever I say won't make any difference Smiley
371  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 23, 2017, 08:18:01 PM
https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77

This is fresh off the press. That's a lengthy list of signees but some conspicuous names are missing.

Signed by few miners and many web wallets. LN will make web wallet business model obsolete.

Almost all important bitcoin companies are missing.


Which ones are missing?  Can you list them in order that we can better understand who are and who are NOT ?

Sometimes, missing does not mean that they are opposed, it could mean that they are either neutral or don't want to publicly state their position, if they have one.


Thinking the same.... here are s a few significant players I don't see

Bitstamp
Bitfinex
Blockstream
BTC-e
BTCJam
Cloudhashing/PeerNova
Coinfloor
Huobi
Kraken
LocalBitCoins
OKCoin
Poloniex
372  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 22, 2017, 02:44:09 PM
MtGOX owes (from bankruptcy proceedings)
      45,609,593,503 JPY =~ 414,226,328 USD

There were 202185 BTC found.

202185 @ $2139 = $432473715

MtGox can technically cover its debts
373  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 13, 2017, 02:26:49 PM

Also, the news media articles are not mentioning Bitcoin or playing it down as the ransom payment method. Hell one article on CNN listed the ransom payment in dollars only.

I fully believe this omission on the part of the media is by design. But not for the reason that they "don't want to villify Bitcoin" or "don't want to associate Bitcoin with the bad thing" that everyone believes.

It's because they don't want to help spread awareness of Bitcoin to more Average Joes as being more valuable than fiat currency, and they want to continue to control the narrative surrounding Bitcoin.


Yes I was watching for how many times Bitcoin was mentioned, and it was very few, on a number of occasions when it would normally been mentioned in the flow of the story it was omitted. Agenda or not, the facts speak for themselves.
374  Bitcoin / Bitcoin Discussion / Re: Losing Faith in Bitcoin? on: May 13, 2017, 07:39:37 AM
$180 change is only a 10% price movement, I agree bitcoin is volatile, but 5-10% movements are not unusual in world wide stock markets.

Imagine if you could see what happens in the board rooms of many companies, as a shareholder you would be shocked and lose confidence.
Bitcoin is done in public, so it's all visible, requires consensus and if you compare it to how business is usually done, looks messy.

Sit back and relax and let all these issues play out. Bitcoin is not going anywhere, everyone with any stake in it, has an interest in seeing it succeed. The internal squabbles are essentially a form of democracy in action.
375  Bitcoin / Bitcoin Discussion / Re: At what price will you sell your BTC, and what will you buy? on: May 11, 2017, 06:26:50 PM
Never sell *all* your bitcoins.
If you want to cash out, sell a percent of your coins progressively as the price rises, so they decrease, but never reach 0.


10
5
2.5
1.25  etc.




376  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2017, 03:56:05 PM
Ok. I'll admit yours is better advice. I'm just not into hardware wallets for now. (My computer is essentially a large hardware wallet; but that's another story.)

Quote
you can't trust your phone or your computer.

I don't trust anything.

Can't agree more, I generated the seed to my cold wallet by rolling dice. (no joke)
377  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2017, 03:19:57 PM
Online computer are never safe(just think about the recent Windows Defender remote hole). Use an old pc, which you never connect to the internet. Or just buy a Trezor. Much easier this way.

All of us must have made enough recently to buy a trezor (or similar) without even noticing it. Do it! you can't trust your phone or your computer.
Make sure you practice with it a little before commit large amounts of funds to it, and write down the recovery seed!
You will sleep easier.
378  Alternate cryptocurrencies / Altcoin Discussion / Re: Buy 44 Altcoins on exchanges tomorrow for a total of 4000$ after DDos Attacks on: May 10, 2017, 01:20:23 PM
I am sorry for your loss, buy some Bitcoin
379  Economy / Service Discussion / Re: Lending bitcoins on: May 06, 2017, 07:52:46 AM
I'm an looking for lenders for a current project I'm working on.  I'm willing to take on short term loans at a 10% weekly rate.  I am setting up restaurants in the San Francisco area with the ability to accept bitcoins .  We will recover 3% of all future Bitcoin transactions at the restaurant.   As it is just starting out I need some initial start up funds.  Lend your bitcoins to:   1FH6TuVZW9Z2q3Djc56h3tLYGce8X8EVWZ
7 days from your loan I will return your funds with an additional guaranteed 10%.  
Thanks.


You have to use multisignature wallet like bitgo and give one key to the community member like me for exemple  Grin


A man/woman in a disguise walks into a bank, shows an ID (possibly fake) and asks the bank to borrow some money, the bank says what will you use as collateral, they say, don't worry this other person who is also in a disguise with no ID, says they'll make sure everything is legitimate.
Do you think a bank would lend any money?
The whole point of Bitcoin is you do not need to trust a central authority, so don't transfer trust to another,  if you want to lend money, get a land registry document, car registration document or something similar as collateral, or get ready to be disappointed.
380  Economy / Goods / Re: [WTS] The Magnificent 7 - Thug Life Possé Cold Storage Wallets with NFC on: May 02, 2017, 12:33:26 PM
@Lauda please don't misuse the trust system. Having read the stream of events, it's clearly not a issue where the trust of Vizique should be put into question. Your position of power comes with a responsibility, labelling people as untrustworthy in such cases tarnishes the trust system and renders it less usable for everybody.
The original intent of the trust system is to warn users of scammers,  not to damage someone's clean reputation, for something that is clearly not in any way scamming. (it's debatably copyright infringement (a civil matter - however from kialara's comments it can be inferred permission has been given) or some sort of plagiarism, but in no way could it be said to be criminal or a breach of trust.)

Lets keep the bad elements in this forum under control by using the trust system effectively, not alienating all the people whose intent is positive.
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