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Showing 20 of 82 results by lightningmelo
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Topic
Board Development & Technical Discussion
Re: Bitcoin explorer
by
lightningmelo
on 13/10/2019, 14:21:21 UTC
One of the most private Bitcoin explorers is blockstream.info
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Robot
by
lightningmelo
on 08/10/2019, 09:38:27 UTC
Can this robot help me in trading?

It won't help you if you don't know what you're doing.  Bots can automate the trades you tell it to make.  If you tell it to make bad trades, it may even amplify your losses beyond what you might have lost trading manually.

So I prefer the good old way of trading manually  Wink

If you're more of a strategist you can automate your trades and that can be helpful, although your strategy needs to really be well thought out. Otherwise you're 100% correct, this can very well amplify your losses if your strategy is inherently flawed.
Post
Topic
Board Economics
Re: Retirees in Mexico say their life savings were stolen by a Mexican bank
by
lightningmelo
on 05/10/2019, 11:06:56 UTC

This could serve as a cautionary tale. A good reason to diversify holdings between banks and other stores of value like bitcoin.  Smiley

Banks have pulled stunts like this for years. They appear to be growing bolder and more blatant with exploitive and predatory practices. Deficit, debt and economic slow down could represent levers which increase these tendencies. As floundering economies can have a tendency to influence leveraged assets held by banks into forming massive credit bubbles, which were unromantically bailed out in 2008. Those negative circumstances coupled with banks already over extending balance sheets could result in many banks inventing ways to make up the difference to maintain their bottom line.

There's a fine line where deregulated currencies and trustless financial systems carry a potential to outperform traditional financial institutions which are regulated and insured. It goes against the grain in terms of conventional wisdom. Yet perhaps we will soon see it as a harsh reality which could be a scary scenario to contemplate.

Please stop mentioning bitcoin. It is not a good currency as you think. Do you think it will automatically increase after every year? NO
it is run by manipulation organizations and this manipulation cannot last for too long, which is the law of life. things with no value will be eliminated and bitcoin will be one of them.
Please, if you want to keep a lot of money, buy gold or real estate, it will definitely be a great asset in the coming years.

Bitcoin can definitely keep increase year over year for many years to come.

It's a deflationary currency while every other asset is deeply inflationary, which means bitcoin has infinite room to grow.
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Topic
Board Bitcoin Discussion
Re: What do you think Bitcoins biggest vulnerability is?
by
lightningmelo
on 05/10/2019, 11:04:52 UTC
For now, I'd say the government is still Bitcoin's biggest vulnerability, whether through heavier regulation of on and off ramps, or through straight up investing billions in mining to ruin the whole infrastructure.

If bitcoin keeps growing at the same pace, in a few years not even the governments will be a risk for bitcoin
Post
Topic
Board Project Development
Re: Lapps.co - A curation of the best new Lightning Network apps
by
lightningmelo
on 04/10/2019, 12:12:33 UTC
Update: Lapps.co now has Lightning Authentication - you can login with your Lightning wallet, no email or password required.

I'm also working a section dedicated to Lightning wallets which I think will be great to onboard new users! Stay tuned.
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Topic
Board Bitcoin Discussion
Re: What's next for bitcoin ?
by
lightningmelo
on 04/10/2019, 12:10:48 UTC
Bitcoin doesn't need to be used for donations for any cause to increase it's reputation.

Bitcoin is money, and money's reputation doesn't require good will, it just requires that there's consensus on it's future value.

To that effect, what Bitcoin "needs" is more liquidity, more adoption and it's reputation will naturally go up with time.
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Topic
Board Bitcoin Discussion
Re: South Korea precedent ruling allows cryptoexchanges to be sued due to lost funds
by
lightningmelo
on 03/10/2019, 14:38:59 UTC
If they are a legal entity holding customers funds, I say it's only fair that they are legally responsible for the funds they're holding on behalf of others.

Kudos to South Korea!
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Topic
Board Project Development
Re: Forming a spam-free, viewpoint sharing crypto community app
by
lightningmelo
on 03/10/2019, 14:38:01 UTC
Good initiative, you can reach out to me via PM, I'd be happy to help you test it!
Post
Topic
Board Speculation
Re: Bitcoin's price
by
lightningmelo
on 02/10/2019, 10:59:15 UTC
You should have invested an amount that wouldn't ruin your life if it goes to $0.

In that case, you can lower your time preference and focus on the price in 10 years, instead of in 1 or 2 years.

If you look back 10 years ago, Bitcoin was barely starting, so it's easier to assume that in another 10 years (double the Bitcoin's lifetime) we will achieve much much higher valuations.

Don't rush it Smiley
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Topic
Board Project Development
Re: Spend bitcoin and auto re-invest based on DCA/hash rate
by
lightningmelo
on 01/10/2019, 10:45:20 UTC
You can look into Bittr or Amber app.

Both platforms allow you to setup a recurring bank transfer from your bank to the app, and they buy bitcoin for you automatically and send it to your keys.

Bittr works in Europe, Amber in Australia.
Post
Topic
Board Development & Technical Discussion
Merits 2 from 2 users
Re: Does a bitcoin transaction ever stop confirming?
by
lightningmelo
on 30/09/2019, 11:07:51 UTC
⭐ Merited by odolvlobo (1) ,ETFbitcoin (1)
Technically a bitcoin transaction is never final, it just has increasing amounts of finality that goes up with it's depth on the blockchain.

So in that perspective, a bitcoin transaction is constantly adding more and more confirmations, that translate to more and more finality.

Post
Topic
Board Speculation
Re: Bitcoin bull push to 600k ?
by
lightningmelo
on 30/09/2019, 11:06:31 UTC
It's easier to look at total market cap instead of the actual BTC/USD price.

600k per coin would equal $13T market cap, which is almost twice the market cap of gold itself.

Not impossible, but it will definitely take longer than 2 years. Every time the market goes up a lot, early hodlers will tend to sell some of their holdings, bringing the market down again.
Post
Topic
Board Bitcoin Discussion
Re: multisig. hardware, electrum vs cold storage electrum, electrum
by
lightningmelo
on 29/09/2019, 09:46:24 UTC
I cannot work this out, and are my assumptions correct?

Multisig 2of 2 :

Trezor(say) with electrum (electrum must be online?)
Pros: mix of different vendors/software to prevent exit scam or fatal single vendor bug
Cons: electrum online

Vs

Electrum with electrum multisig, both cold storage
Pros: nothing is online
cons: single vendor

If you use Trezor with electrum you're using electrum's multisig, so both options are one an the same.

I'm pretty sure you can create an electrum multisig with multiple vendors for hardware wallets.
Post
Topic
Board Bitcoin Discussion
Re: BBC Air Documentary on Notorious ‘Crypto Queen’ Scammer
by
lightningmelo
on 28/09/2019, 22:08:46 UTC
Nothing gets the clicks or views more than a good story of fear, uncertainty and doubt. The BBC, which has largely steered clear of reporting on crypto, has aired a documentary on the notorious ‘Crypto Queen’ who made a fortune on a scam ICO.

https://bitcoinist.com/bbc-air-documentary-on-notorious-crypto-queen-scammer/

The click hunger journalists don't care about the means to meet their ends, it's all about that bottomline.

Unfortunately I guess this article will resonate with people that invested at the peak of the market and lost money on crypto, they'll feel good about themselves that "crypto is a scam". Sad.
Post
Topic
Board Bitcoin Discussion
Re: Is there a way to set recurring BTC buys, without a lot of fees?
by
lightningmelo
on 28/09/2019, 12:00:50 UTC
Depends on where you're based.

For Australia, you could use Amber (amber.app).

For Europe, you can use Bittr.

Both of these allow you to setup a completely automated way of buying bitcoin and you can setup your own schedule (daily, weekly, etc.).
Post
Topic
Board Trading Discussion
Re: What are the longest fixed rates that were offered to you?
by
lightningmelo
on 28/09/2019, 10:22:39 UTC
Doesn't coinpayments lock the rate for like 6 hours? 15 minutes sounds very short especially if the transaction has to confirm within that timespan.
Post
Topic
Board Electrum
Re: Electrum wallet update issue.
by
lightningmelo
on 28/09/2019, 09:24:44 UTC
If you downloaded from electrum.org and there was no weird certificate thing you had to accept in your browser, chances are you installed the right version.

In the future, make sure you always verify the signature of the file you downloaded - someone posted a guide for that.

Verifying the signature provably verifies that the file you downloaded was created by electrum.org and it's impossible that it had been tampered with.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and cryptocurrency real Investment
by
lightningmelo
on 28/09/2019, 09:22:45 UTC
I'm not sure about investing, but you you can use something like Lightning Collect to donate bitcoin to various institutions:
https://lightningcollect.com
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Topic
Board Bitcoin Technical Support
Merits 4 from 1 user
Re: Bitcoin wallet
by
lightningmelo
on 27/09/2019, 11:18:56 UTC
⭐ Merited by suchmoon (4)
The Bitqoin program bitcoin-qt runs ok and obviusly finds the wallet. opening the wallet shows data that is unreadable. Running bitcoin-qt is no problem. Is there a program I can use that can show me the content of the wallet?

Why do you want to open the wallet file without using bitcoind or bitcoin-qt?

What are you trying to open the wallet file with? A text editor?

Please clarify what your end goal is so others can help. The wallet file is supposed to be open with bitcoin-qt.
Post
Topic
Board Speculation
Re: Falling of crypto prices
by
lightningmelo
on 27/09/2019, 11:16:05 UTC
Even if those 2 events are related and a billion dollars of BTC are being sold right now causing this price drop, in the long term this is great:

100,000 BTC are being sold to all the bitcoiners that are buying and dollar cost averaging this dip.

Money goes from weak hands (or hands that have way more than that and are just offsetting risk, who cares anyway) to stronger hands.