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Bitcoin technical analysis

  • #5,901
  • Dec 16, 2017 11:24pm Dec 16, 2017 11:24pm
$20000 this week for Bitcoin.

DASH is doing quite well. This Japanese one is also good
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  • #5,902
  • Dec 16, 2017 11:24pm Dec 16, 2017 11:24pm
Dash here
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  • #5,903
  • Dec 16, 2017 11:50pm Dec 16, 2017 11:50pm
all the best to u all.
  • #5,904
  • Dec 17, 2017 12:05am Dec 17, 2017 12:05am
Quoting RondaRousey
{quote} Congrats for holding BTC to date. It's getting pumped beyond recognition just like your mistress will you hold when it starts falling over 30%? or disappear when it gets dumped? Bitcoin's a ponzi, altcoins have the better blockchain technology

I agree with you, partially, that Bitcoin is way behind in terms of blockchain technology.

I will however argue that the world is full of man-made holes & inefficiencies and the most advanced technology might not get adapted quickly enough as people presumed,

Eg. Polaroid camera was much more advanced than traditional film camera yet it never took the world by storm till overpowered by digital camera.

Government-owned NASA with all the resources and brainpower never came up with a better way to reduce rocket launching cost for years, till Space-X a private enterprise came in with only few used Russian rockets scrapped together and in for recycling business.

Microsoft was one of the first tech giant to develop & utilize touchscreen technology as they released Windows XP Tablet Edition as early as 2002, yet who benefited the most from such tech? Apple, who released their iphone 5 years after the "pioneer" Microsoft.

The list goes on.

Sure, Bitcoin is clunky and slow, so as a contrarian investor I am an antagonist of Bitcoin and invest in Bitcoin Cash, Bitcoin Diamond or altcoins, but as a trader I don't predict the plunge before the plunge is due.
No Highs? No Lows? Must be Bose!
  • #5,905
  • Dec 17, 2017 4:48am Dec 17, 2017 4:48am
Quoting stylinex
$20000 this week for Bitcoin. DASH is doing quite well. This Japanese one is also good {image}
Hi buddy

Can you post these in the other thread?. Crypto

Here's mostly bitcoin and general reasoning...

Thanks.
Beware of robber banks (RB), bad advisors.
  • #5,906
  • Dec 18, 2017 2:21pm Dec 18, 2017 2:21pm
Quoting RondaRousey
While mums and dads are selling up to buy bitcoin, Litecoin has gone ballistic nearly 100% in 5 days. I wonder who got a piece of the action.
When this was posted litecoin was 185 now it's around 320.

More donation to FF noobs as charity




Quoting Tardigrade
{quote} I agree with you, partially, that Bitcoin is way behind in terms of blockchain technology. I will however argue that the world is full of man-made holes & inefficiencies and the most advanced technology might not get adapted quickly enough as people presumed, Eg. Polaroid camera was much more advanced than traditional film camera yet it never took the world by storm till overpowered by digital camera. Government-owned NASA with all the resources and brainpower never came up with a better way to reduce rocket launching cost for years, till...
The real question is

can one of the altcoins overtake bitcoin in market cap? if so, which one? or which two? It's a race to be the biggest and best cryptocurrency in 10 years time

Quoting MoneyFocus
why is eth/usd falling?
Told you to buy more eth 4 days ago

Eth are all time high now.

MoneyUnfocussed

You came here for the truth and let me unveil it for you
  • #5,907
  • Dec 19, 2017 2:59pm Dec 19, 2017 2:59pm
Quoting Not-KPMG
{quote} Oh look this guy shorted around 3-4000!!!! {quote} I can't stop laughing. Bitcoin is 18600 now, having gained 3000 last 3-4 days, after futures started.
lol

*bows*
  • #5,908
  • Dec 19, 2017 3:56pm Dec 19, 2017 3:56pm
Quoting Not-KPMG
{quote} Why surprised??

Bitcoin has more perks and usability than gold.... It's new world.
Using your surprised logic - wow bitcoin is more than silver???? or pizza????
My target, short time is 10 000. I forgot the next target but it was over 50 000.
What's other people thinking??
Hiii, look at this post from ages ago

I guess i was arguing with a crybaby then
Beware of robber banks (RB), bad advisors.
  • #5,909
  • Dec 19, 2017 4:22pm Dec 19, 2017 4:22pm
The BTCUSD sell-off started before this hack, so not sure if it is just profit taking or something more.
https://www.bloomberg.com/news/artic...tcy-after-hack
  • #5,910
  • Dec 19, 2017 4:24pm Dec 19, 2017 4:24pm
Quoting Not-KPMG
{quote} Oh look this guy shorted around 3-4000!!!! {quote} I can't stop laughing. Bitcoin is 18600 now, having gained 3000 last 3-4 days, after futures started.

HAHAAHAHAAAAAAAAAAA

it lost 3000 in the last 30-40 hours



Quoting Vitallica
The BTCUSD sell-off started before this hack, so not sure if it is just profit taking or something more. https://www.bloomberg.com/news/artic...tcy-after-hack
Wouldn't that be interesting and fishy if in 5 years time the only exchange for bitcoin is the CBOE and CME


hmmmmmmmmmmmmmmm

exchange attacking other exchange

the technology behind bitcoin is old and need constant fixes compared to altcoins. It's utility is dwindling

You came here for the truth and let me unveil it for you
  • #5,911
  • Dec 19, 2017 5:26pm Dec 19, 2017 5:26pm
Quoting RondaRousey
{quote} HAHAAHAHAAAAAAAAAAA it lost 3000 in the last 30-40 hours {quote} Wouldn't that be interesting and fishy if in 5 years time the only exchange for bitcoin is the CBOE and CME hmmmmmmmmmmmmmmm exchange attacking other exchange the technology behind bitcoin is old and need constant fixes compared to altcoins. It's utility is dwindling
I don't think the utility of Bitcoin has factored into the price rise. It is true that Blockchain is a bit clunky for transactions but the value of Blockchain crypto-currencies is what really limits their use as currency. In any case Blockchain crypto-currencies are easily hacked with conventional 12 to 18 core CPU systems, so it is doubtful it will survive in its current form for its original purpose. The quantum coded Iota will likely take the game forward, but will probably not provide the exciting trading adventure that Bitcoin has.
  • #5,912
  • Dec 19, 2017 5:43pm Dec 19, 2017 5:43pm
The below poster is lovingly dedicated to my fellow bitcoiners, friends etc.....

Love you guys!!!

....and also to the new breed of crybabies.

May the entertainment continue forever
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Beware of robber banks (RB), bad advisors.
  • #5,913
  • Edited 6:57pm Dec 19, 2017 6:39pm | Edited 6:57pm
I missed the run up on BTCUSD because of the criminal spreads, but making a nice profit on the run down, just gone below USD16k.

Although my best spread just went from 11,600 to 17,400.... tax on the way out of the trade I suppose.
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  • #5,914
  • Dec 19, 2017 7:11pm Dec 19, 2017 7:11pm
You have to love the stuff they concoct, why do I read the fake news anyway?
https://www.cnbc.com/2017/12/19/nort...e-holding.html
  • #5,915
  • Dec 19, 2017 8:20pm Dec 19, 2017 8:20pm
Quoting Vitallica
{quote} I don't think the utility of Bitcoin has factored into the price rise. It is true that Blockchain is a bit clunky for transactions but the value of Blockchain crypto-currencies is what really limits their use as currency. In any case Blockchain crypto-currencies are easily hacked with conventional 12 to 18 core CPU systems, so it is doubtful it will survive in its current form for its original purpose. The quantum coded Iota will likely take the game forward, but will probably not provide the exciting trading adventure that Bitcoin has.
How long it will take for you to hack any coin if i provide you 16 - 32 cores system?

Upd. Coin software and exchange software are very different things.
  • #5,916
  • Dec 19, 2017 8:29pm Dec 19, 2017 8:29pm
Quoting yg10
{quote} How long it will take for you to hack any coin if i provide you 16 - 32 cores system?
I could not hack my way out of a wet paper bag dude, but read the article about the South Korean exchange hack this morning (https://www.forexfactory.com/showthr...2#post10606302).

It was hacked using standard PC hardware available today, not quantum computers, 17% of all crypto-currency stolen, the exchange asked people to convert to safer options because they have no obligation to users to refund original currency (obviously you cannot be refunded in crypto-currency as it is linked to the owner they say. The hackers however can use the crypto-currency by encoding it as theirs - safe no?). The exchange filed for bankruptcy, nice one....

Like I said before I don't invest in this stuff, I just trade the ups and downs, and I like the ups more because they last longer and make me more money.
  • #5,917
  • Dec 19, 2017 8:51pm Dec 19, 2017 8:51pm
Quoting Vitallica
{quote} I could not hack my way out of a wet paper bag dude, but read the article about the South Korean exchange hack this morning (https://www.forexfactory.com/showthr...2#post10606302). It was hacked using standard PC hardware available today, not quantum computers, 17% of all crypto-currency stolen, the exchange asked people to convert to safer options because they have no obligation to users to refund original currency (obviously you cannot be refunded in crypto-currency as it is linked to the owner they say. The hackers...

Best to buy an external storage device and save them to your own storage device. Hackers like to target big exchange servers because there is more to steal from. Don't leave anything with them and you should not have much to lose. Coinbase insures now to $250,000 or store them on your own storage device for extra protection. Buy a separate new computer for trading. Only open computer via secure wifi at home to buy or sell. Do not use any public wifi. Do not leave computer on and surf various websites with it. Separate your web browsing computer from your trading computer. Do not use same email address for everything making it easy for hacker to hack.
  • #5,918
  • Dec 19, 2017 8:53pm Dec 19, 2017 8:53pm
Bitcoin Cash run as of now
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  • #5,919
  • Dec 19, 2017 9:08pm Dec 19, 2017 9:08pm
Quoting yg10
{quote} How long it will take for you to hack any coin if i provide you 16 - 32 cores system? Upd. Coin software and exchange software are very different things.
Re your update: I know the software for each is different, but the crypto-coin is not worth hacking if you cannot access the blockchain and make it usable.
  • #5,920
  • Dec 19, 2017 9:27pm Dec 19, 2017 9:27pm
Quoting Vitallica
{quote} I could not hack my way out of a wet paper bag dude, but read the article about the South Korean exchange hack this morning (https://www.forexfactory.com/showthr...2#post10606302). It was hacked using standard PC hardware available today, not quantum computers, 17% of all crypto-currency stolen, the exchange asked people to convert to safer options because they have no obligation to users to refund original currency (obviously you cannot be refunded in crypto-currency as it is linked to the owner they say. The hackers...
You said
Quote
In any case Blockchain crypto-currencies are easily hacked with conventional 12 to 18 core CPU

As a person who read white papers and code of a couple of cryptos and wrote some programs in this area I can tell you that you are wrong.
And I repeat exchange software and coin software are very different thing.
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