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1141  Economy / Speculation / Re: Big pop up again on: August 13, 2018, 01:51:04 PM
As we approached sub $6k and actually hit $5.9k... we see another huge pump to $6400. Impressive, a $500 dollar move up just like that, on a single candle. Someone bought a pretty decent amount of coins.

The theory of how that $5k-6k price range is the diamond solid ground in which miners will never let bitcoin go below is shaping up. Governments want to take the price down and tank it so they can buy it all but someone (maybe rich miners and other whales) keep using that range as the reverse point. Let's see if it holds. We have touched this same point so many times that the theory might be right.

Saying we see another pump as it appears would mean there was a dump in the first place but what if we look at it this way, major players are in the market to make money and any situation is a good situation for a day trader because he does not have the patience to hold long term so the little profit he can make in a short period is enough if he can ensure there is huge turnover in making this happen. As a day trader, you buy at the $5,900 range then rather than wait to let it touch $10000 which might not happen any time soon, you are taking any gain of $500 to $600 in few days. I think its a good win.

Bringing government into the equation is expanding the theory beyond simple comprehension because saying government is trying to bring the price down would mean they are dumping bitcoin and admitting they must have bought the same bitcoin at a higher price since the price has not gone so lower in recent time and them dumping would sure be trading at a loss. Now coming to buy when its low, would then mean they have to go source for external fund or be able to buy lower than what they purportedly held before the dumping exercise. Maybe I am missing something, but it does not add up.
1142  Economy / Exchanges / Re: WARNING: KuCoin’s Hong Kong office is empty. on: August 13, 2018, 09:02:13 AM
Perhaps they were using the address as a virtual office, in this case, there is nothing wrong in, even the biggest companies do the same. It could be the reason then why the lady mentioned in the article) never heard of about. You can visit the building you won't find anything related to kucoin. If then they moved to Singapore it's also a reason...

In the corporate world, when a business move from one location to the other, there is a procedures towards making that which include

1. You will have to notify the Register of Companies in that jurisdiction that you are operating

2. You notify the relevant tax authority for change in address because without that, it would be interpreted as wanting to evade tax liabilities that is why there is no notification about the new address.

3. There is usually a publication in a daily newspaper notifying members of the public concerning such relocation

4. When anyone gets to the old office within a period, there is always a banner signifying the relocation and even the current address that the business is now operating from.

Putting all this together, even though the business is operating in the crypto world, there is nothing saying that requirements 3 and 4 above should not be complied with couple with the news that they are not in any media to me is a signalling effect that everyone should be more careful in keeping funds with them. Again, since they are in Singapore, I believe there are several crypto lovers in that part of the world that can do a physical verification of their 'new address'.
1143  Economy / Exchanges / Re: poloniex Acc frozen on: August 13, 2018, 08:45:19 AM
lol
Quote
Thanks for following up.

We understand your frustrations, and want to resolve your case as efficiently as possible. Duplicate tickets of the same issue will only confuse the team handling your case, and end up slowing down the resolution of your case because we respond to all open tickets.

We will close this ticket since you already have an open ticket, and all future responses will occur in ticket #1072039. We appreciate your patience and cooperation!

as answer but Ticket #1072039 isnt my ticket
and ticket now closed and acc still frozen


The best thing would be to remove all cryptocoins from poloniex

Unfortunately, you been caught in the web of their inefficiencies. In something as simple as merging tickets, they could not even get that right and even acknowledging your frustrations shows how insensitive they are to someone whose funds is tied up. No access to it, and no opportunity to even make more money due to no fault of his.

I would still put the blame on you because you allowed yourself to be put in this situation the first time your account was frozen without any reasonable justification, you go ahead to verify again. Its at that point you should have moved you assets elsewhere and because you have a verified account, that puts you in an advantage position in moving to other platforms as the worse they would ask is that same details you submitted or maybe a little extra that you can afford. Only option now is to wait for them, then do the right thing or you find yourself in the same situation in no distant time.
1144  Economy / Marketplace / Re: your own factors behind an investment on: August 13, 2018, 07:30:24 AM
of course a good investor will first do its own research (whitepaper, roadmap and etc), besides that what is your biggest motivation?

Everyone have different motivation when it comes to taking investment decision. I have seen a project launched on the forum with a scandalous team member but still came out as a success because the focus was on the project rather than one of the team member.

As a motivation factor for me, the rally point is more of the people behind the project as more often than not, the success of every project is largely dependent of this factor. A good team will come up with workable idea other than imaginations without any iota of implementation. Its along the line that they would then discover the project is no longer viable which gives them the only option to bolt.

A good team would plan implementations and phases to the delight of the investors and would be committed to seeing it happen. In a case of tenable unforeseen circumstances they communicate effectively to their investors with an active community managers ready to engage and answer various questions in due time. For projects like this, even though the beginning might be tough, I tend to be more calm with them long-term than others.
1145  Economy / Trading Discussion / Re: Bottom of BTC descending channel is 3000$? on: August 12, 2018, 09:25:20 PM
While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it?

https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/

I always enjoy to watch predictions such as this getting shamed in the long run however, there is some good in it in that it tries to prepare peoples mind about what is to come in case it takes a huge deep and you begin to panic. In the spirit of that, I didn't see the price getting to such bottom the worse I see happening is $4000 before an uprising would happen to push it a little bit higher. Currently what the market is seeing is some mindful skepticism of both the buyers and seller in other not to lose out with in profit or incurring enormous loss.
1146  Economy / Reputation / Re: 3 alt accounts abusing same sig campaign. on: August 12, 2018, 07:26:02 PM
I am not native English so may find little bit broken English but I am not guilty person as I don't have any relationship with the other UID mentioned.
Sir pharmacist, I have PMed since mistake is not in part. I promise I will increase the English well soon. Thank for understanding and needful help sir.

Sincerely,
Bozo333
This doesn't explain how that one post I quoted from 2014 was so well-written.  Did you buy this account?  Did you hack it?

Also, I never claimed you were in any way related to those other accounts, so that's not the issue here.


I don't know hacking sir. As theymos thread denotes on account purchase norms in pinned thread I followed all and I bought this account. I followed that and bought it sir. I am not spamming with signature and all. Even I am gpu miner personally. If you have doubt I can snap my rig show as reference to confirm you I am running for campaign and spamming.

Please help me sir.

That's you admitting to one of the plagues in the community and also to justify the community stand against buying and selling of accounts. Even though its being done, buying and selling leads to spamming of the forum and while its not a crime not to be a native English speaker, you should have stayed in your local board or improve your English skills to be able to communicate effectively and now the allegations from Op didn't even called you out but another thing entirely which the community equally frown upon.

These 3 accounts are all alts and they signed up for the same sig campaign within minutes of each other  A broken english spammer..

https://bitcointalk.org/index.php?action=profile;u=335730

https://bitcointalk.org/index.php?action=profile;u=339978

https://bitcointalk.org/index.php?action=profile;u=113294
That doesn't mean anything. Speaking logically (as far as your logic applies), you can call any list of accounts as alt's of each other if the signed up for the same signature campaign within a span of a few minutes. However, that's broken logic and you need to provide some concrete evidence that these accounts are connected. Lock the thread until you find some relevant proof of the connection.

You are correct mate. Still power abused on me by one DT. To show him self not making repeatative answer. He has edited and replied there but when I do the same he missed to read it. How I can solve the problem I face here mate.


He didn't miss it. He just decide to ignore because if you had taken your time to visit this part of the forum, you will know that situations like this don't get his attention. How you will solve it? Sincerely, its him which I doubt its going to be possible.
1147  Economy / Economics / Re: whether insurance can solve economic problems on: August 12, 2018, 04:43:01 PM
Does your country have insurance and whether is it useful to overcome your economic problems,

I see in some countries only people who have enough economics who have insurance
and those who are poor do not have insurance.
is this fair.

Insurance as a business enterprise does not come to solve any economic problem but to make profit which is their primary motive. Its in the process of making that profit that they realise there is need to solve a problem then they make it sound that is the reason why they are in business. It purely a business strategy to cover the real purpose and play on peoples emotion. The reason for my conclusion is when what you insure didn't suffer any loss, you don't get your premium back and you cannot wish to have bad occurrence happen because you seriously want to be indemnified.

People who are poor most times don't want to have insurance not because they are poor but because they feel they are being cheated and they know that the chance of bad occurrence happening to them is lower compared to rich people who can afford high gadgets, high class vehicles that can be susceptible to theft, or huge property that could bring attract thieves to them.
1148  Bitcoin / Press / Re: [2018-08-10] Bitcoin Core Developer Reveals ‘Critical’ Bug in Bitcoin Cash on: August 10, 2018, 07:48:18 PM
In a blog post August 10th, Corey Fields relates how in April 2018 he anonymously reported the consensus bug, known as SIGHASH_BUG.
A so-called ‘chain-splitting’ bug, the vulnerability “would have allowed a specially crafted transaction to split the Bitcoin Cash blockchain into two incompatible chains,” Fields reveals.
Full article on Bitcoinist

I think this guy deserves a medal for the spirit of sportsmanship that he showed and purging himself off the "pull down" syndrome that have spread beyond normal in the crypto community which amount to a sizeable percent of what gave birth to the uncountable numbers of bitcoin forks today because all they believe as the solution to every bug is the creation of another fork which will also have its own bug for another person to discover then used as a basis to create a new coin and the circle continues.

The most interesting part was having to keep it to himself since April when it could have caused some serious damage to the market of bitcoin cash who have seen the bitcoin core team as arc enemies till now when the effect would not really matter won my heart for him as the real MVP.
1149  Economy / Exchanges / Re: Poloniex deceive its users? on: August 10, 2018, 06:26:21 PM
In as much as Poloniex is at liberty to review transactions that have been done in the past despite the upgrade because from what I can read, it could be as a result of periodic audit or someone affected made the complain which necessitated an investigation that led to your account being frozen but 39 days is definitely on the high side to resolve an issue without giving an update for a verified user is what is alarming in all of this that should be condemned. I don't think they cheat you but the investigation is still going on which I want to suggest if you have not done to attach the screen shots of the conversation you had with the buyer because your excuse is not convincing enough without supporting evidence.

There is nothing you can do than to wait or look for other platforms like Twitter to put more pressure on then to attend to your case and the moment it gets resolved, it high time to started looking for means to dilute your trading platforms to avoid situations like this.
1150  Economy / Economics / Re: Thailand: 20 Companies Have Applied for Crypto Exchange Licenses on: August 10, 2018, 05:48:49 PM
Depending on the requirements, this may make them safer, and it definitely makes it a little harder for them to run away with customer money.

Its on this part that I am really interested to determine whether they are serious about this or just being forced to come up with some regulations because they could not stop the continued influence of crypto and the loss of revenue from that end they decide the best way to bring the operators in because personally I won't be expecting so much robust plan from them in terms of protection of customers deposit though because even countries that are way ahead in terms of development and technology are still trying to understand what it entails to regulate the crypto community but they have rolled out a framework and started the implementation already.

it seems like Asian countries are adopting cryptocurrency and handle it well better than Europe and U.S.A right now . Of course , they realized that this kind of attitude will attract more investors and more money for the sake of their economy .
in terms of regulation , i think it's pretty early to trust these exchanges , but maybe in near future there will be strict laws about them to prevent scamming.

Of course they are kind of moving ahead of their European and American counterparts but it still does not remove the fact they might be rushing things. In the quest to attract the early capital inflows, they should also be careful not to provide legality for those with the primary motive to scam.
1151  Economy / Economics / Re: Will crypto solve socioeconomic problems? on: August 10, 2018, 01:04:36 PM
If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

Crypto is available for everyone who wants to get in as it does not discriminate against anyone whatsoever, whether you rich or poor, from third world countries or maybe from advanced countries it does not matter. On the solving of socio economic problems, while its not just going to be possible as money does not solve every problem, in addition to everyone cannot be rich, what people do with that crypto they own is what matters in deciding whether its a blessing to an economy or a curse that have made the current status worse off.

In the area of developing a country, it would surely reduce the cost of printing new notes on a regular basis and the security of it as well. But if it will give room for huge evasion of taxes needed for a country to develop its infrastructures and pay for all of its needed then its not developing rather making it poorer.
1152  Economy / Speculation / Re: Bitcoin can back to 20.000 to December? on: August 10, 2018, 06:32:59 AM
What you thinking in this market can bitcoin back to high price or now is stable price  6000-7000 and in this year no hope that go up and nothing positive news to go gainer?
More specifically, Gordon’s cryptocurrency prediction is that Bitcoin will first drop below $5,000 only to rebound and reach $10,000 by the end of this year. Gordon argues that the main reason for this shifting price trend is the ”significant market volatility” in cryptocurrencies and Bitcoin.


What the market need is a valid push and a reorientation of the way people see any push. When a push happen either through the break of a massive news or a big investor coming in, the reorientation needs to come in not to use that as an opportunity to dump because they are short sighted thereby driving the price downwards waiting for another push again.

On Gordon's prediction, won't happen by magic only if he has so much money to continue pumping into the market in other to ensure his prediction comes to fulfillment other than that, the above paragraph to me is the workable option.
1153  Economy / Gambling discussion / Re: Government backed, regulated gambling is more predatory than Crypto Gambling on: August 09, 2018, 09:19:54 PM
And yet the government backed, sponsored and advertised gambling has a much larger scale, and it's much more predatory.

Government backed gambling is also morally bankrupt, as its advertised as a charity, but the money gets shuffled around and effectively no new money goes to the supported cause.

Here is an excellent starter video on the topic of the lottery in the US: https://www.youtube.com/watch?v=9PK-netuhHA (I don't agree with all of John Oliver's points, but you'll get an idea).

And there are infinite more cases of people addicted to the lottery, notably, Elliot Rodger https://www.youtube.com/watch?v=RrGrp4ZYrjg



The issue of gambling is a one sensitive one that catch the attention of any serious government and not the US alone especially those that have legalised the trade. That the money advertised under the guise or charity then channelled through other route are mere conjectures except there is a valid evidence to support that. The gambling industry is large for every activities to be closely monitored without some lapses.

On the part of bitcoin being on the disadvantage as against the support the fiat counterpart the reason for that I believe is not far fetched at all and its all about not being able to control and how fund is being moved considering the misconception of illegal activities being carried on with it but I still feel strongly gradually this is being corrected and with time, things might begin to start falling in place.
1154  Economy / Economics / Re: Crypto will underdog the stock market make the rich servants again on: August 09, 2018, 07:26:29 PM
Crypto will likely underdog the arrogant stockmarkets and the billionaires, that abuse people there as money earning cattle, then coroporations will truly serve the people instead of serving the rich and the banksters.

Companies will have no clear national currency that is secretly controlled by secret societies.

it will be decentralised and the companies will help the cryptoeconomy to develop the economy again.

but ressource waste will be a huge taboo in that new world and so will bitcoin.

Reading what you wrote, makes it sounded like a prophecy or wish. If this is going to be taken seriously, then it needs to be supported with the "how" all of this would be achieved anything short of that is wishing and hoping someone else implement or it just happen then come back to claim the glory that "I said it and it happen".

However, in the spirit of making wishes, don't forget they the rich that this is largely against are those that would make the opportunity for the liberation of the other category of people available if they so wish. Corporations are not run by the people, its not a charitable organization for it to be accountable to the masses. Its for the interest of those who are able to take the risk in establishing them and their interest would continue to be protected.
1155  Economy / Economics / Re: Whether Getting Married At a Young Age Can Lead To Poverty And Make Poor Economy on: August 09, 2018, 07:16:28 PM
I see in my country many marriages at a young age and don't think about the economy in the future,
I know getting married at a young age is very beautiful,
but if the economy is insufficient, maybe should think again not to get married at a young age,
and I think from that marriage it can give birth to children and increase the population of the earth, and maybe in a few years the earth will be full of humans and surely there will be many other crimes to survive on this earth,

Is there a solution, to overcome this impending disaster

People getting married at a young age is not a determination that they would be rich or determine that they would live in abject poverty. They are two distinct unrelated variables that should not even be compared at any point. You don't even need to have money to have a relation neither is it needed to impregnate or be impregnated. That is the way it was designed. Poverty at the same time is not a justification that crime would abound. I have seen people from penury background or humble background with no status in the society go ahead to be leaders to the extent of being presidents of countries so also I have seen rich kids become nuisance after they have wasted their lives on drugs.

The solution is on the individual. If you know your economic status can only support one child, stick to that, if it can support six children, by all means go for it. Ensure that they don't become burden to the society. Concerning the resources fear, competition would bring out initiative which is what the world need.
1156  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin more worth than other cryptocurrencies that have better specs? on: August 09, 2018, 06:30:39 PM
Discussions like this really to me, are not what is needed in the crypto space now because its about whipping up unnecessary sentiments over a sleeping matter. Bitcoin has grown over the years to start competing with other alt coin projects that have relied on doing things better in other to boost the entire crypto space which I believe that putting sentiment aside, its all about the same objective which is making crypto mainstream and any promotion on either bitcoin or alt, the effect is felt on both. People have allegiances and are ready to defend those allegiances even when the fact are staring at them and that is why some discussions are better avoided. #my opinion...
1157  Bitcoin / Bitcoin Discussion / Re: here you have it economists speak against bitcoin on: August 09, 2018, 04:36:19 PM
https://www.ccn.com/bitcoin-mining-threatens-our-existence-academic-says-calls-for-intervention/

economists from qatar publicly speak out against bitcoin and its destructive nature,

as i told you in threads before the conflict will come

https://bitcointalk.org/index.php?topic=4776316.msg43124804#msg43124804

Reading the article, I think the issue of existence is a misplaced priority coming from economist. I would be more comfortable if its coming from environmental activists, association of people weather readers or people concerned with global warming but not economist who don't have issue with the creation of more vehicles in other to increase GDP and increase standard of living, they also don't have issues with felling down of trees for the sake of development forgetting the advantage of a green environment, they also don't consider the impact of factories emission, release of toxic into the sea all in the name of reducing unemployment but raising concern about mining activities like they care about the environment.

Their real concern is because all of the theories, consultancies that makes them forever relevant in the scheme of things is going to be relegated to the background if the continued dominance is unabated so they decide to attack from the disadvantages they can lay claim to.
1158  Economy / Trading Discussion / Re: is this excellent strategy to trade on: August 08, 2018, 07:44:03 PM

Care to share who's that friend (his/her profile account on this forum)?

He might actually share it with you because for him to have come and ask for the opinion of the community on a strategy such as this, I won't be surprised if he thinks you want to reward his friend for such a brilliant idea. @Op the strategy your friend shared with you is a selfish one which makes exploit the innocent ignorance of people for their own interest. It means that making a coin more valuable than it is then sell which means ripping off those who wants to just trade legitimately and decently. If you don't know well enough, you might just ended wasting your fund because the awareness of pump and dump is already on the increase that investing blindly is no longer the order of the day.
1159  Economy / Economics / Re: Can my economy be fulfilled in the future with Bitcoin? on: August 08, 2018, 04:13:53 PM
I have seen the price of bitcoin is very high and has exceeded 15000 $ for one bitcoin, and now the price of bitcoin is under 10,000 $ and maybe this is my chance to buy bitcoin as much money as I have and hope to get enough profit for my economy in the future.

am I wrong with this step?

As at today, to see you still operating under the assumption that bitcoin price is still below $10000 shows you are not up to date with current events because below $10000 should be > $9,000 which is not the case here.

Price has gone below $6,500 as at the time I am speaking which also comes with its own advantage as an opportunity for you to invest if you have much money to spare.

But it comes with a warning that depending on the targeted profit you have in mind, be ready to be humbled in patience. The market is not stable now and if you are not ready to set your mind away from the volatility, I would advise that you look at other options to meet your investment needs. You are the only one solely responsible for the outcome of your investment decision.
1160  Economy / Trading Discussion / Re: What is affect of SEC's decision with Bitcoin and crypto market? on: August 08, 2018, 03:01:14 PM
well the effect is what you just saw and mentioned here! a drop in bitcoin price about 7-8% followed by the altcoin massacre where they each dropped at least 10% and some even up to 20% drops.

it is hard to say what is going to happen when they actually reject ETF in  about a month from now because we have already had the drops and also from what i can see the market expects the rejection despite all the hype so everyone is waiting for that date to come so that they can start buying so we may not even see a big drop.

I think its good that the price fell now even though the news about the postponement I have since sometimes last week maybe its just getting popular that people are only reacting to it. The reason why I said its good is because people are fond of reacting to perceived issues rather than the issue itself. Sometimes last year, when the news filtered about bitcoin being banned the market react badly that when the ban eventually happen, it was as if bitcoin price at the time has developed thick skin. The same thing happen during the time of the first forked coin and there was so much uncertainty about what will happen to bitcoin then price dropped only not fall again when the real fork happened. Eventually it will turn our well when the decision is made. Price will increase if its positive and would drop a little bit or non at all if its rejected for us to start looking out for another ETF decision.
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