LFC_Bitcoin
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#1 VIP Crypto Casino
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September 11, 2020, 01:08:52 PM |
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It feels like the calm before a storm, I think we’re going to get a Q4 bullish rally.
It's trying hard to cross $10,500. Good thing is that we are not going under $10k. Even if we go we are bouncing back almost immediately. Glad you got your account back mate, what a mess that whole thing was. Pathetic, the lengths some people will go to on this forum  I think all we need to do now is HODL for the next 18 months or so & serious life changing money will be ours. Obviously it doesn’t stop up getting frustrated & impatient though.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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philipma1957
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September 11, 2020, 01:12:52 PM |
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It feels like the calm before a storm, I think we’re going to get a Q4 bullish rally.
It's trying hard to cross $10,500. Good thing is that we are not going under $10k. Even if we go we are bouncing back almost immediately. We are going to brush past 14000 in under a month. This is my gpu daily earning rate. As long as it is over 40 it means btc is underpriced compared to eth. Every time I post here for the next 30 days I will drag that info from my nicehash account to this thread. As long as it is higher then 40 (more complex then that but good enough for now) it means there is extra demand for BTC from nicehash mining.
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BitcoinGirl.Club
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September 11, 2020, 01:13:38 PM |
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Glad you got your account back mate, what a mess that whole thing was. Pathetic, the lengths some people will go to on this forum  We are good brother. No worries. I understand you. I think all we need to do now is HODL for the next 18 months or so & serious life changing money will be ours. Obviously it doesn’t stop up getting frustrated & impatient though. It does not matter. If we could hold when price was $3.2k from over $19k then we can hold it for the next few years. We have just started after all!
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BitcoinGirl.Club
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September 11, 2020, 01:14:50 PM |
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We are going to brush past 14000 in under a month.
Looking forward to it man!
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VB1001
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<<CypherPunkCat>>
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September 11, 2020, 02:34:53 PM |
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bitserve
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Self made HODLER ✓
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September 11, 2020, 02:37:49 PM |
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Are you blind? You can see the credits in the image.
No that watermark is the only reason i even found the original link, but most people wouldnt notice it, especially when the image is so small on bitcointalk and the watermark is very light yeah but to be fair the poster may have different settings on his monitor and the watermark could be clearly visible to him. Now as a I don't know the guy and don't care one way or the other about him I can see the watermark on my screen. PS I am colorblind and I have had double cataract surgery so if I can see it its clear enough. I see no issue with what he did. This plagiarizing concept of Bitcointalk has gone too far already. In all other instances I am aware, outside of here, the plagiarizing only exists when you do indeed ACTIVELY attribute the content to yourself in some way or another. Just cut&pasting something you see on the interwebs without any further attribution of authory wouldn't cut it, more so when there is no other motivation than just to share/spread the original "work". Otherwise twitter and many other social networks would have a big trouble with this. That being said, the image posted already includes a copyright (not a hidden watermark) that is as visible as the original author intended it to be. If he wanted it to be more visible he could have chosen more solid colours and or font size. Nothing to see here. Also, Swaystar, if you had any concerns about it... it probably would have been more polite to just PM the poster and I am sure he wouldn't have any problem in making it more obvious it was a shared content and maybe even add a source link.
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JimboToronto
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September 11, 2020, 02:49:50 PM |
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Good morning Bitcoinland. Sideways movement continues... currently $10316USD/$13604CAD (Bitcoinaverage). Ho freaking hum. Go Bitcoin go. I have even seen people post photos of their gold and silver holdings themselves on readily identifiable social media accounts, with faces in the picture (!). Some people just ain’t so bright.
ftfy
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Torque
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September 11, 2020, 03:42:44 PM |
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Congrats Cryptotourist! 
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Torque
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September 11, 2020, 03:46:59 PM |
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I know this is impossible, but I would like to know what Hal Finney would think of the overall Bitcoin situation, exchanges, forks, asics farms, long shorts, bets
Me too. I know one thing, even though Satoshi thought through a lot of variables and possibilities, I doubt that he/they envisioned bullshit forks persisting and hanging around indefinitely.
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Peanutswar
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September 11, 2020, 03:52:49 PM |
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Eyy Congrats @Cryptotourist!! Lets market check for a while 
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Torque
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September 11, 2020, 03:57:02 PM Merited by JayJuanGee (1) |
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@Travis_Kling If you ever worry about who would pay $50k for one #Bitcoin ... Just remember Warren Buffett bought $APPL after it did a 7x in 7 years, right before it did a 3.5x in 4 years. Many will be late and still buy anyway.  Gaah! I still cringe every time someone says crap like this. 1. No one in the know cares about "a whole bitcoin". The unit of measure is completely irrelevant, because... 2. A "bitcoin" is divisible to 8 decimal places. And can be modded to 16 decimal places with a single line constant change. A near infinite "stock split". It just perpetuates a myth that people won't be able to afford to buy bitcoin in the future. These aren't BRK/A shares, people! 
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Toxic2040
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September 11, 2020, 03:58:37 PM Merited by fillippone (2) |
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[important message embedded in an image]
need to decentralise mining pools. right fucking now
[important links] Damn, V8s, important message posted while I was writing long thing. The deeper problem is ASICs. Special-purpose hardware can be controlled on the supply side. What happens if mining hardware requires a licence to purchase? What, you think they won’t go that far to prevent terrorist laundering and money financing?
I am in Bitcoin because it is more or less our last hope. I intended to write of this recently... I actually don’t believe in much of the maximalist economic stuff. Yes, Bitcoin has long-term fundamentals and will increase in value. No, I don’t buy that it will become a “world reserve currency”; that’s a terribly naïve proposition, whereas it will never be allowed by bankers who can’t control it—bankers who control tens of trillions of dollars in assets, own governments and thus militaries, tanks, ICBMs, and nuclear weapons, start wars at the drop of a hat, topple governments like toys and kill millions of people... Do you really suppose that their lunch can be eaten by some software on the Internet, which, by the way, they also own and could shut down at any time? If Bitcoin fails, there is really nothing else to shield us from being crushed into total, inescapable enslavement through the lethal combination of scam fractional-reserve “money”, total financial surveillance, and KYC-everything permission systems. Bitcoin gives us some freedom of action to strive to obtain more freedom—if we choose to do so. All other freedoms depend on financial freedom. For only one example, just try to exercise the freedom of speech if financial censorship and financial surveillance can be used to ensure that you cannot buy even a crust of bread without permission, and you can be physically located at any time. For only one example.+1 WOsMerit --------- There is a reason if Stamp is the WO reference exchange: they are leading the pack: Bitstamp Integrates Nasdaq’s Matching Engine for Faster Order ExecutionsCryptocurrency exchange Bitstamp has implemented a new matching engine from Nasdaq’s technology vendor that it says greatly speeds up trading.
On a casual Virtual meetup with Paolo Ardoino, your fellow Fillippone asked the Bitfinex CTO how the "traditional exchanges" could help heat-up the crypto exchange competition. Ardoino mentioned their expertise on matching engine expertise citing the NASDAQ engine being one order of magnitude faster than their current one (yes, 10x faster is no joke). EDIT: link https://youtu.be/VxSKy7x7Wiw?t=5190+1 WOsMerit -------- Anybody got the feeling we’re coiling, ready to explode upwards in the short to medium term future? Bears tried to take us (and keep us) below $10,000 numerous times now & they’ve failed every time. The halving SHOULD start to show in the price soon. Think about it, miners now only have half the amount of coins to dump on the market. They should be out of the coins they had previously now so the reduced supply SHOULD show in the price soon.
The US election is imminent, it seemed to be a catalyst for bullish movement last time. What do you think guys? It feels like the calm before a storm, I think we’re going to get a Q4 bullish rally.
+1 WOsMerit bears are being surrounded and will be overwhelmed soon...that is all  -------- It feels like the calm before a storm, I think we’re going to get a Q4 bullish rally.
It's trying hard to cross $10,500. Good thing is that we are not going under $10k. Even if we go we are bouncing back almost immediately. We are going to brush past 14000 in under a month. This is my gpu daily earning rate. As long as it is over 40 it means btc is underpriced compared to eth. Every time I post here for the next 30 days I will drag that info from my nicehash account to this thread. As long as it is higher then 40 (more complex then that but good enough for now) it means there is extra demand for BTC from nicehash mining. +1 WOsMerit ------- Good morning all some charts puuurrrrrrr 4h  H&S? rogue wave? all I know is a bart for sure...some serious coiling seems to be taken place now as well #dyor D  #stronghands
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jojo69
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1/21000000 , the only math you need to know
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September 11, 2020, 05:09:48 PM |
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bitcoinPsycho
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$120000 by end of 2023 confirmed . Slava Ukraini
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September 11, 2020, 05:53:53 PM |
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Looks like half the planet is burning
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AlcoHoDL
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Addicted to HoDLing!
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September 11, 2020, 06:02:03 PM Last edit: September 11, 2020, 07:15:05 PM by AlcoHoDL |
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[ long post advising against using a seed+passphrase, and against using plausible deniability ]
I disagree with many of your points in the above post, the body of which I had to remove in the interest of readability. Readers can click the link above to read your original post, to which I'm replying below. Adding a passphrase to your seed protects your coins in cases where your plain seed or h/w wallet, such as a Trezor or Ledger, may have been compromised, like in the cases where you can't find your seed backup in the place you expected it to be, or when you lose your Trezor/Ledger. If they were simply lost or thrown away, that's OK, there is no foul play involved, you can simply transfer your coins to a different wallet, even if you're not using an additional passphrase. But, what if they are now in the hands of a thief? In such cases, the passphrase could buy you a significant amount of time (depending on its strength), during which you can transfer your coins to a different wallet. Couple this with plausible deniability, e.g., out of your 100 hypothetical BTC, put only 10 BTC in the plain seed, and the remaining 90 BTC in the seed+passphrase, and the thief will very likely be satisfied and happy to have stolen 10 BTC from you. I wouldn't expect him to attempt to brute force the—now empty—plain seed for an additional passphrase after he has taken your 10 BTC (currently worth more than $100k). Plain seed result: You had 100 BTC, you lost 100 BTC, you are left with 0 BTC. Seed+passphrase result: You had 100 BTC, you lost 10 BTC, you are left with 90 BTC. Note that, in the above scenario, you did not have to lie to any authority. Plausible deniability in this case did not involve you having to deny ownership of any coins and subsequently being accused of lying. In any case, it's up to you to decide if and when to lie (and to whom), depending of the specific circumstances. You have a choice. With the plain seed, you don't have that choice. The moment that piece of paper gets into the wrong hands, your imaginary safe is wide open for the paper holder to get in and take your coins—no cracking necessary. That piece of paper is a necessary and sufficient condition for accessing your coins. Adding a passphrase to the mix (not written on that piece of paper), makes that piece of paper a necessary, but not sufficient condition for accessing your coins. I prefer the latter option! About the passphrase's cryptographic strength, you can have a strong passphrase that you (and only you) can remember, which is still much easier to remember than the actual seed. I have anonymously tested passphrases with a symbol length and structure similar to the one I'm using to protect my seed, and all test engines have resulted in cracking time estimates of centuries*. Furthermore, even if the passphrase is relatively weak, it may still be able to buy you the time you need to transfer your coins to a different wallet, should you discover that the seed has been compromised. Any passphrase (regardless of its strength) is an additional layer of security. It won't make your coins any less secure, and could buy you time to take action in cases where your seed is compromised. As for your comment on "above suspicion", I would also like to reach that state IRL (and I believe I have, to a certain extent), but it's not so easy to attain (and maintain). Most of us are social beings interacting with each other, and sooner or later (especially in the coming years, when Bitcoin is expected to sky-rocket) we may become more exposed than we'd like. So, I would be very careful with the statements in the last paragraph of your post. One small leak in your OPSEC could be enough to weaken those statements, in which case you may end up wishing you had that extra layer of security. --- (*) I'm assuming that the additional passphrase corresponds to the full search space that results from its length and the set of symbols used. If the additional passphrase, as applied to our discussion (i.e., in BIP39), has constraints on length or other parameters, and thus results in a limited search space, I would very much like to know about it, please enlighten me if you can. --- Edit: Improved syntax.
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Toxic2040
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September 11, 2020, 06:15:20 PM |
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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September 11, 2020, 06:16:13 PM |
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OutOfMemory
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this dweeb has been deleted
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September 11, 2020, 06:42:26 PM |
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Looks like half the planet is burning Looks like the devil's home is brazil 
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JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin
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September 11, 2020, 06:55:04 PM Last edit: September 11, 2020, 07:23:48 PM by JayJuanGee |
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So, for example, if the payoff for betting correctly is 5%, but the loss of betting incorrectly is 1%, but the odds of getting the 5% is 2/5 because the trader has good predictive skills and is able to hit with that level of precision, then surely if the trader has assessed the odds correctly, then largely in the long term for every 5 times that the trader plays those odds, s/he will get 5% twice, and s/he will lose 1% three times, which seems to be decent profits of somewhere in the ballpark of 7% from those 5 trades. Jay, let’s take this as scientific gambling: Pop those numbers into the Kelly criterion! If I believed that SwayStar could reliably gain 5% on even close to 40/60 odds (acknowledging that that’s just your off-the-cuff example probability, not what she claimed) versus 1% losses, then I would practically beg her to let me send her all of my money right now, on agreement to let her keep half the profit (or hell, even most of it) as a management fee— just keep hitting those trades! Because I would get rich quick that way. Really, do a little back-of-the-envelope calculation. Geometric growth (what Kelly addresses) is funny. “Turn 0.005 BTC into 1 BTC” kind of funny, and more. Of course, I’m not exactly doing that. Just call me a skeptic. If the trader realistically assess the odds of a price move - yeah, sure a BIG "if" because frequently the assignment of odds is not very accurate, [...]
Yeah, I understand that the odds are never going to be that clear to assess, so in that regard, the devil is in the details, because usually the odds are not going to be so easy to figure out. Yeah... about that... Also, some traders roll their profits into their trading stash, and other traders will take some profits off the table on a regular basis in order to use for living expenses or just to stack away some of their profits. If you could be certain of the odds, and if the odds are EV+, Kelly bets that roll profits back into the pot are, of course, mathematically optimal for growth in the sense of “I no longer care what the market does, because my portfolio already went to the moon”. Confirmed science, lulz. (Hey, there’s that “IF” again.) We likely realize that normies will do the wrong thing, even if they can accurately assess the odds, so in one sense, if we take out one of the variables (regarding assessing the odds), then the only step would thereafter to be to set up a system that takes advantage of those odds in order that you are always winning when you let the system play out (because you know the odds). Sure, in bitcoin we might not exactly know the odds, but many of us who have gotten into bitcoin did so because we had concluded that the odds of it going UP in the long run were greater than the odds of it going DOWN, even though in the short run we might end up witnessing a lot of DOWN and a lot of SIDEWAYS that was NOT our preference, but if we ended up being correct that in the long run BTC would end up going UP, then so long as we were somewhat weighted towards UP, then the whole bet ends up being a patience game to wait out the term. There are additional strategies that can be employed also, if you add an additional variable regarding taking advantage of volatility. No asset that is somewhat tied to free market forces is going to go up in a straight line, so in that process we can anticipate that volatility is almost inevitable in BTC, so there are ways to structure your BTC strategy and approach to take advantage of near inevitable volatility. Again, you are not changing your overall presumption that the asset is going up in price, so in that regard, your whole position is always biased in favor of UPward movement at all times, even if you fairly strongly convicted that the price is going down in the short term, you continue to bias your portfolio towards up, in order that you never lose in the long run, even if in the short term you will likely lose some value if the shorter term down ends up playing out as you anticipated. So, ultimately, even if you play around with volatility and downward bets along the way, so long as you are continuously structurally biased towards upward BTC price movements, then the only thing that you ultimately need to be correct about is that the BTC price is going up in the long run... and so far in BTC's history, we have witnessed that it has ultimately gone up, even if while there has been some periods of more than 3 years of down, flat and failure to get back to certain previous high price points.. but if you are holding 4 years or longer, so far in BTC's history any single satoshi that you would have bought would have been profitable on that time frame. Of course, past performance is not a guarantee of future performance, but many of us still recognize that there remain decent prospects for anyone investing four years or longer in terms of at least having some level of preservation of value and even profits so long as they are mostly betting on up, which largely means accumulating BTC and regular DCA, buying on dips and HODL have been amongst the best of the core strategies (which also means strive to engage in strategies that do not put yourself in a position, at any point, in which you have to sell any of your BTC, except at a point that is completely of your own choosing)..
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