Search content
Sort by
Showing 20 of 21 results by stephen_fortune
Re: Lets say they upgrade bitcoin will my public and private key still work
i created a wallet form web wallet
and an keeping safe 12 words and a bitcoin address public key and private key
and that single public address has all bitcoin now i m never going to use that wallet as i m going to hold bitcoin till 2025
my question is what if community tries to upgrade bitcoin and is it possible that that private key wont work because of upgrade.....as i see back in 2011 people use to keep bitcoins on a hard drive ....
i just want to know would i be able to recover my funds as long a i have my private key whatever happens to technology....
and an keeping safe 12 words and a bitcoin address public key and private key
and that single public address has all bitcoin now i m never going to use that wallet as i m going to hold bitcoin till 2025
my question is what if community tries to upgrade bitcoin and is it possible that that private key wont work because of upgrade.....as i see back in 2011 people use to keep bitcoins on a hard drive ....
i just want to know would i be able to recover my funds as long a i have my private key whatever happens to technology....
All of the above advice covers everything you need to know. The best thing to do is to keep it on an external drive or flash disk, write down your seed words on a piece of paper somewhere, and never lose that disk. Then it'll remain safe.
I'd recommend updating your wallet whenever it comes out just to keep up to date. I usually don't update until the release is a few months old to avoid bugs, just in case.
Also, it's not the best idea to set a sell date in terms of a specific year or time because there might be some changes in the market before then that could be more important. Be flexible and willing to sell if market conditions call for it before your expiry date.
Re: New BTC dump upcoming! 18000 BTC moved to BitMex...
You cannot just predict a dump by looking at someone moving their coins to an exchange. There are other possibilities too, like selling them for their own profit or may be the previous exchange was not preferable to them. Anyways, we cannot do anything about it right now rather than observing the situation.
That's how speculation works. There really aren't any tried and tested methods to predict how the Bitcoin market will move, so people try to look for anything and everything they can use. A move like this could actually be significant depending on the context (like Roger Ver moving 25k coins to an exchange last November lol), but this one obviously isn't. This mentality about whales being able to freely control the market has become a self-fulfilling prophecy where we allow them to affect the market simply by moving their coins.
but we can't really call that speculation because speculation is supposed to be based on facts not based on guesses. speculation itself can be a guess but the basis must be facts. in this case when you see coins move you would be making 2 guesses and them making a conclusion. the first guess that nobody mentioned is that you are guessing it moved to "an exchange". the fact is you don't know where they moved. it may just be to another wallet, or it may even be sold off the market not on exchanges. and the second guess that others also said is that you are guessing they were "sold"! for example when someone moves coins to an exchange it may be to put up a fake sell wall preventing the rise so that they can BUY more.
And it's on an exchange that only allows users to take positions rather than "dump" coins.
Speculation in Bitcoin is even more obscure because of so much hearsay like the OP saying that a massive dump was coming but the price only moved a couple hundred. This market is too wild to have stable evidence in a majority of the cases. A lot of it comes from news pages that want to enforce a certain perception, or from forum posts with dubious validity.
Besides, this isn't even that big of a deal. If someone wants to sell that many coins, that's fine. They're theirs to do what they want with them.
If you want to be successful in the cryptocurrency space then you will need to have the knowledge of how it works. At least try to know a little for a start in order to be able to buy and hold. Trading requires a lot of learning but since it is doable, making it won't be an issue.
I am agree that when we decide to invest on crypto we should understand about crypto in general. Some investor prefer hodl their coin because believe its long term project and some peoples speculate market movement by trade
The best and safest investment is to divide into various types of coins, I am always confident and optimistic that the future of crypto will continue to improve so that the crypto invest will make us successful, in addition to dividing into many coins of course be patient is the best strategy when the market is dropping.
I'd be careful about that though because some coins can be scams. They're not so easy to understand these days. Lots of coins have been inflated artificially on various pump & dump schemes that are just so the owners can make a quick win off of poor suckers like you and me.
Bitcoin is safer, the safest actually. As far as I'm concerned, there's no coin that is stronger than it in terms of security. If you want to diversify, consider other investments outside of bitcoin as well. Some fiat is useful to have at times as well.
In happens in every kind of investment. That is not a new thing. The people with nerves of steel and a plan beforehand are the ones who will most of the time win, if they did the right assessment during the planning.
It all comes down to who have the most financial intelligence. It's very simple in fact, yet people don't understand it.
It's not some preying on others. It's people lacking preparation and enough mentioned intelligence to gather enough consistent profits. Especially in Bitcoin, panic selling is almost a sin.
For investments outside of crypto the only exception would be a big crisis in determined country.
It all comes down to who have the most financial intelligence. It's very simple in fact, yet people don't understand it.
It's not some preying on others. It's people lacking preparation and enough mentioned intelligence to gather enough consistent profits. Especially in Bitcoin, panic selling is almost a sin.
For investments outside of crypto the only exception would be a big crisis in determined country.
And not listening to the opinions circling around on the news about all of the doom and gloom. Forming judgements of your own and having the courage to stick by them, even when everyone else is shouting the opposite. That's why people should spend more time learning how to read charts instead of listening to other people's opinions.
Human nature is to play the victim in order to save the ego. It's much easier to say that it's because of something or someone else than admitting weakness or wrongdoing.
The winning happens to those who are patient enough to hold out for better days. I don't think we're in any kind of trouble right now (other than the altcoins) so there's no need to worry. Bitcoin is stable in the 6000's and it doesn't look like it will be moving anywhere soon. It might dip below 6000 a few more times to scare the piss out of the noobs and give the smart ones another buying opportunity.
Other than that, I don't think we're in for much more action this year. Maybe a quick burst up to the 7500 region. Until then we won't have any action.
Other than that, I don't think we're in for much more action this year. Maybe a quick burst up to the 7500 region. Until then we won't have any action.
Especially in times like these where half of the emerging market economies' currencies are in a crisis, we need a safe alternative to protect ourselves against devaluation. When a currency loses something like 10% in a week or 50% in a few months, people look to alternatives. That's why it is a good opportunity to invest in something like bitcoin to protect yourself against possible risks.
It's very low right now, but that's not a reason to be afraid. Just because it has gone down does not mean it won't go back up again.
It's very low right now, but that's not a reason to be afraid. Just because it has gone down does not mean it won't go back up again.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
I don't think that this news I will be true in the future. Generally, China is very great country with its own view about cryptocurrency. Even if they will close my name people will find a way to do it. Because people are smart and want to earn for themselves.This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
Yeah you know what'll probably happen is the government will establish a crypto division of their cyber police who actively hunt and tax the piss out of all the miners in China. Then they will start creating firewalls of their own to hide behind and we'll be having crypto firewall wars. Fuck third world war, the future is virtual.
But yeah, Chinese people are usually pretty smart at outsmarting their government and finding ways to make money. They're also really good at getting money out of that country. So it'll happen, on way or another.
Re: Bitcoin slips below $8,000 as investors step away from risk
The recent rejects from the ETF could be the major reason of the investors to pull out and has caused the price to fall. But the users should remain calm and should be optimistic because the price will rise.
I think the reasons for the investors to to pull their hands out could be some other.Lets not talk about the price, we should better talk about the technology to get a good picture of the bitcoin performance. Technologically it seems like bitcoin isn't working proper for the purpose it was introduced.
We had forks in the past which failed then we were expecting the lightning network to bring positive changes to bitcoin to ease the users, which failed as well. Now what are the developers doing to make Bitcoin perform better.
In my opinion until the technological issues are not resolved Bitcoin price may not progress or even if it's price go high it will not be capable to maintain that level of price and growth.
There are some other reasons as well that affect the prices but pressure from those could be reduced if Bitcoin get of technological crises.
We should demand for a better technology and not for the price, price will be automatically increase when we will be offered efficient transaction system with low fees.
These are not "investors" but speculators.
If you are pulling your money in and out out of an asset given X news, you aren't a damn investor, you are just hoping to make a quick buck.
To qualify as an investor you have to study the fundamentals and have a long term view. Obviously anyone that thinks the SEC decision on this or that ETF or future matters for Bitcoin is clearly not understanding the fundamentals of Bitcoin and not an investor by any means. They are just trying to profit from the ups and downs, that's a trader/speculator.
None of these clickbait articles go beyond the latest USD price.
If we do talk about investors between traders or speculators then there would really be a difference on how they do foresaw about crypto.
Yeah these words are just reasons for people to start speculating about Bitcoin shooting to the moon again. It doesn't matter what an ETF really is, or the negative implications of the massive institutional stream of money poisoning the decentralized essence of Bitcoin, as long as the price jumps up on it.
Those who are just here to ride trends will continue to fish for events like this and do little to no research on them. This is the same kind of person who bought gold in 2011 or marijuana stocks last year. They buy into it because everyone else is and they want to turn a quick buck
Untrue
Cryptocurrency derivatives are, however, capable of being financial instruments under the Markets in Financial Instruments Directive II (MIFID II), although we do not consider cryptocurrencies to be currencies or commodities for regulatory purposes under MiFID II.
So, bonds can be derivatives as can ICOs plus there is securities law too, if issued in accordance with UK law;
Whom is in charge of the MIFID?
What FCA number or what MIFID exemption?
Who is the KYC/AML officer?
What is your FACTA compliance procedure?
How about your GDPR comptroller?
This is what I meant. And to what extent is the government actually going to get involved in these issues if Bitcoin is still in the legal grey zone? I personally like the idea of a bond because it's guaranteed, but I'm having a hard time imagining who will enforce these laws if push comes to shove. Are they actually going to give it court time? Do they really want to sit and argue over (what they may claim to be) bits and bytes that are perceived value?
At this stage in Bitcoin's development I am a bit hesitant to believe that a truly guaranteed bond could be created.
You're not able to simply avoid tax payments or anything along those lines. You're able to use creative accounting, which is a fine thing to use if you have the resources, and you're also able to lobby Congress to change the tax code.
The problem doesn't lie in the accounting or anything like that, the problem lies in the lobbying of Congress to change the tax code to benefit the higher earners in society. That is where the disparity lies, as the middle and lower class don't have the resources to change the laws which are holding them down. While the high earners do.
Who knows the best way to change this though.
The problem doesn't lie in the accounting or anything like that, the problem lies in the lobbying of Congress to change the tax code to benefit the higher earners in society. That is where the disparity lies, as the middle and lower class don't have the resources to change the laws which are holding them down. While the high earners do.
Who knows the best way to change this though.
Exactly, and this is a matter of taking advantage of the resources at your hand. If people are more clever at tax avoidance, then fine. It's their effort and hard work they put into it that should be rewarded. They aren't exactly cheating the system because they still pay the taxes, they are just using the system to their maximal advantage. But lobbying is bullshit, I agree. This is how minorities push their intolerances through to become laws.
I don't think that all rich people think taxes are good for nothing, but of course everybody would prefer to pay less. I just realized that it's strange that rich people could pay, for example 1 million dollars in taxes in a year. They will never actually use government services worth 1 million dollars. I wonder if there is a tax limit per person anywhere.
Yeah actually, a lot of rich people reached that level through constant perseverance and dedication. Especially self-made millionaires, who built up companies out of nothing. They deserve to pay less taxes in my opinion because they did a lot of work on their own, and they are actually contributing more to society than the government is by providing valuable products or services and employing a vast amount of people.
Re: Bitcoin slips below $8,000 as investors step away from risk
i can't make sense of this statement:
so are you trying to say investors pulled out of bitcoin to go into other riskier investments? or is it saying they pulled out of bitcoin because it is risky?
if it is the first then it makes no sense at all! people are never going to do that. bitcoin is risky enough with a good reward for that risk.
if it is the second then it makes even less sense because at this point the risk is minimal and even if they pulled out of bitcoin because of its risk then price should have fallen a lot more.
Quote
Bitcoin slips below $8,000 as investors step away from risk
....
after a sell-off in shares of technology and internet companies spilled over into other risky assets.
....
after a sell-off in shares of technology and internet companies spilled over into other risky assets.
so are you trying to say investors pulled out of bitcoin to go into other riskier investments? or is it saying they pulled out of bitcoin because it is risky?
if it is the first then it makes no sense at all! people are never going to do that. bitcoin is risky enough with a good reward for that risk.
if it is the second then it makes even less sense because at this point the risk is minimal and even if they pulled out of bitcoin because of its risk then price should have fallen a lot more.
Another example of how the press like to find whatever they can to explain something. And how they oftentimes fail at doing it because they have no idea about what they report on.
It's the second one from what I can understand. Tech shares were sold off, and so were risky assets, such as bitcoin (as they claim). Bitcoin is often labeled as high risk because it likes to go up quickly.
Honestly, we should stop reading too much into the news. They like to make connections for us that don't make sense if you pause for a moment and think about them.
Re: Why cryptocurrency usually recovery in the weekend?
I haven't noticed that it recovers on the weekend more than any other time, but if it did, maybe it's because most institutional investors aren't at their desks to knock the price down. I think that a lot of price manipulation comes from wall street (especially since futures contracts were established) and it causes the prices to be misrepresented. Bitcoin grew organically on its own for the first several years, but once it hit mainstream and everyone started buying it, things started getting a little blurred. Central banks are probably printing money and then using that money to employ traders to short the coin.
Or it's just more people at their computers during their free time, like mentioned above.
Or it's just more people at their computers during their free time, like mentioned above.
I probably don't feel as confident in this being the start of a new bull market as a lot of people do, mainly because of the fact that the last major bear market in 2014 simply lasted way longer than just a few months.
I still think that $10k resistance is going to be strong, and it's unlikely that the bull market will come straight after a period of such pessimism within the market. We'll probably see more consolidation before seeing the actual recovery.
But when the bull market does actually come, I think that 1-2 years is usually the norm based on historical evidence. However, with the new institutional investors coming into the markets, the next bull market timeframe could be elevated as a result. It's too early to tell atm as I said, it could not even be the start of the bull run yet, and this could just be a temporary adjustment upwards.
I still think that $10k resistance is going to be strong, and it's unlikely that the bull market will come straight after a period of such pessimism within the market. We'll probably see more consolidation before seeing the actual recovery.
But when the bull market does actually come, I think that 1-2 years is usually the norm based on historical evidence. However, with the new institutional investors coming into the markets, the next bull market timeframe could be elevated as a result. It's too early to tell atm as I said, it could not even be the start of the bull run yet, and this could just be a temporary adjustment upwards.
Yeah it all comes down to those institutional investors and how much they're going to influence things. If they decide to jump right in, it'll cause big waves in the pool and we'll see a massive move up. But I think that they're being cautious here.
Overall the sentiment is changing as we speak, as more people are returning with confidence. So that might be contagious and spur the institutional investors into moving faster than expected. But until that happens, major consolidation like we see now.
How are disputes settled? Who is the arbiter that determines where the money goes in case of missing payments as well?
And considering legal issues with regional law, as the other posters so kindly brought to our attention, how could this be realistically determined to be a bond? Is it registered out in the Indian Ocean territories or something? Or could it also be that "bond" is just a nice term that makes people feel more secure, and there is no legal backing behind the security?
It's hard to know with these things with all of the legal issues and stuff.
And considering legal issues with regional law, as the other posters so kindly brought to our attention, how could this be realistically determined to be a bond? Is it registered out in the Indian Ocean territories or something? Or could it also be that "bond" is just a nice term that makes people feel more secure, and there is no legal backing behind the security?
It's hard to know with these things with all of the legal issues and stuff.
Re: Is there hope? Can we still make a bigger profit from altcoins this year?
I wouldn't expect a profit like last year. Not saying that there will be no profit, just that it's not gonna be as good as it was last time. Very rarely does a market make two huge runs like that in a row. There's gotta be a major event to make that happen again.
Now if we get some news that changes the face of altcoins, then we will see that kind of action again. Maybe some online retailer starts adopting them or something. But for now, the general public sees crypto as hanging in limbo. No real sense of where we are going next.
Now if we get some news that changes the face of altcoins, then we will see that kind of action again. Maybe some online retailer starts adopting them or something. But for now, the general public sees crypto as hanging in limbo. No real sense of where we are going next.
I wonder what everyone sees in Ripple. I actually don't know much about it other than it's transaction speed is better than others and would like to hear someone's opinion about why it has a bright future. Clearly it must be good because so many people are buying into it.
I've got ETH & BTC but am uncertain about ETH because of the bad news that's been surrounding it lately. There's some issues with its transactability I think. It's a good concept but may face barriers in expansion some time in the future if they don't do something about that soon.
I've got ETH & BTC but am uncertain about ETH because of the bad news that's been surrounding it lately. There's some issues with its transactability I think. It's a good concept but may face barriers in expansion some time in the future if they don't do something about that soon.
Its very difficult or impossible to tell where a bull run will end.
Last year I assumed Bitcoin wouldn't top $10K and sold a bunch at like $9500 and it went to almost $20000.
Back in May, same situation, people assumed it would break $10K, and it would break $20K, and it went to like $9900 and went back down to a new yearly low.
You can use indicators but they are all lagging and you will get out way too late.
Best way is to just sell a little here and a little there whenever it goes up to a new daily high every few days.
Last year I assumed Bitcoin wouldn't top $10K and sold a bunch at like $9500 and it went to almost $20000.
Back in May, same situation, people assumed it would break $10K, and it would break $20K, and it went to like $9900 and went back down to a new yearly low.
You can use indicators but they are all lagging and you will get out way too late.
Best way is to just sell a little here and a little there whenever it goes up to a new daily high every few days.
But I assume that you are still on a very good profit, just move further
I agree with what you're saying, right now it's too hard to be a day-trader but that just my opinion. Better to look into longer market swings
Yeah I agree too. Day trading is just impossible footwork with bitcoin. These kinds of positions demand patience.
I wouldn't say all indicators are lagging. Momentum divergence can predict shifts, or double crossovers of a 3 period moving indicator shifted 3 ahead after a big thrust. Or fib levels.
But I would say that stronger market forces can drive bitcoin and sometimes it defies all indicators. So it requires some pretty fierce dexterity to keep a position. Or just clear profit targets.
Re: Blockchain Television Coming to Fox Business Network
FOX Business Network will join CBS and Cheddar in hopes of capitalizing on the growing interest in cryptocurrency and blockchain technology. The national network will do so through a new segment Exploring the Block which will be featured on the television show New to the Street.
Yeah, if this is in fact true, the only real motive behind such a move is obviously to capitalize on it. They've got to catch more viewers somehow, right? I honestly can't handle the quality of news that comes out of FOX. They're really scraping the bottom of the barrel when they come up with stories as far as I'm concerned.
That goes to say that they might not be covering crpyto in a positive light. Hard to say at this point, but how do we know what the slant of this show would be anyway? They'll attract some attention mostly by sensationalizing the whole thing, and then they might even spread some subtle FUD with it.
I have been monitoring so many post about HODL! HODL!! HODL!!! I am a victim of that but I have sat down and analyzed something. We should all know what will happen when we all decide to HODL. This will be one of the deadliest that will ever happen in cryptocurrencies. When we all decide to HODL I think the markets will go down and the green markets we want will never com. Also BTC will die when we all decide to HODL. I think we can at the same time SELL and BUY to keep our greatest cryptocurrency alive. I stand to be corrected and also we can add some to it as to what will happen.
Its because no transaction would be done on the network of cryptocurrency specially bitcoin. Trading is one of the major factor why cryptocurrency has value and most of the time it dictates the price. The price would go down if no one would want to sell their assets at the current price because it will be useless since the major use of it is to transfer value from place to place or around the world. People would find another way to do it which is more cheaper. For the industry to grow, we need people that will actually use bitcoin for transactions like remittances and trading and not just to hold it. There is no company backing it up or product to sell because it is the product itself.
Yeah and that is the intrinsic value that needs to manifest in the coin itself. It will gain these kinds of attributes (and it probably already is) as more people see it as a useful way to bring money from one point to another and avoid ridiculous regulations or taxes while they're at it.
This is why bitcoin should not just be kept away like a rat stores its cheese. Sure, feel free to hold onto some of it like a savings account, and allow it to store up value. But if it gains, gains, gains, then maybe it means that it has to be used for something! Something useful!
I think China's just making threats again to keep their people quiet. If they do ban it, the people will find another way regardless.
There's always another place looking to bring in the miners, whether it's up north or somewhere cheap. I think that they'd also want to look for somewhere with a fast connection speed. Doesn't google have data farms out in Iceland? That might explain why google drive is so slow sometimes, the data has to cross the ocean and back!
But with coin mining becoming less profitable, it might be hard to find a suitable solution. Unless the lightening network has a better alternative...
There's always another place looking to bring in the miners, whether it's up north or somewhere cheap. I think that they'd also want to look for somewhere with a fast connection speed. Doesn't google have data farms out in Iceland? That might explain why google drive is so slow sometimes, the data has to cross the ocean and back!
But with coin mining becoming less profitable, it might be hard to find a suitable solution. Unless the lightening network has a better alternative...