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    Bitcoin Daily Discussion, November 27, 2018

    November 27, 2018

    Bitcoin Daily Discussion, November 27, 2018

    Daily Discussion, November 27, 2018

    Posted: 26 Nov 2018 11:01 PM PST

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    We have a couple chat rooms now!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Moon Soon

    Posted: 26 Nov 2018 05:54 AM PST

    'Bitcoin Can Be Considered Secure' - 51% Attack is Unrealistic, New Study Concludes

    Posted: 26 Nov 2018 10:59 PM PST

    how BTC got there?

    Posted: 27 Nov 2018 02:19 AM PST

    As a 2013 Hodler, here are some observations of what's going on:

    Posted: 26 Nov 2018 09:23 AM PST

    Here are some points so here it goes:

    • Fork. Obviously the BCH fork has caused massive price swings. Whales, bankers, probably the 3 stooges Craig, Ver, and Wu all selling their BTC to make up their agendas thus causing the price to drop, weak hands see this and the price drops even lower. Some conspiracy: Some of these guys did this on purpose to make tons of money shorting and buying at the bottom, if someone could make tons of money who wouldn't?

    • Holidays, TG and Christmas are times of year when people actually need extra money for presents and traveling. Combined with the price drop this is a recipe for people selling out of necessity.

    • Tech has improved. The Bitcoin network is strong, LN is getting stronger. Basically nothing about Bitcoin's inner workings has changed or been compromised which means that it has a bright future ahead of itself.

    • Hodling. All these new people coming in from last year's all time high have not experienced a crash of this size. As a hodler from 2013 this would probably be like the 4th or 5th crash and its just like a rainy day that eventually goes away. If you are new, this whole thing has happened before and it will happen again. Patience is key.

    • Price. This is what everyone is talking about with predictions and which way will it go. Personally I think (which is just an opinion), that the price will go slightly lower due to Christmas time with the whole I need cash thing, but will go higher at some point in 2019 due to the 2020 halvening scheduled for sometime in the middle of the year. People are going to start accumulating in anticipation of this. Every halvening there has been a price increase due to the Block reward cut in half.

    • FUD/Memes. Do not trust anyone (yeah that includes this post) on what is going on. Do your own research and do some critical thinking. FUD is spread around for agendas and getting weak hands to sell. Memes are of course fun and they help refocus on the current matters. Just think for yourself and stick to your own plan.

    • Conclusion. If you made it this far, thank you for reading my rant. Many people are feeling down about the market at this point but the inexperienced do not know this has happened many times before and this will happen again.

    The market is very easily to manipulate, it always has been since there is little regulation and oversight on the whole thing. It is a day trader's dream with no regulations and manipulating the market whenever there is an event going on unlike the restrictions placed by the SEC on the stock market.

    Put in what you can afford to lose. This means if you throw in $100 on BTC or any crypto consider it gone. This will help ease the mind. When I first started I stared at the numbers going up and down and getting worried all the time. Some advice I read was "Don't worry about the price, if you believe in the future you have nothing to worry about."

    If you truly believe in the project you really have nothing to worry about. Just wait and be patient. 2020 will be the next interesting time for Bitcoin.

    submitted by /u/AdvancedExpert8
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    The Crash Hasn’t Been All Bad...

    Posted: 26 Nov 2018 11:45 AM PST

    Anyone else tired of their parents sending you articles on "The Bitcoin Ponzi Scheme"

    Posted: 26 Nov 2018 10:22 PM PST

    Just wanted to see out there if anyone else is tired of their loved ones sending them negative articles about Bitcoin. There is always nothing substantial about them and they are always just pure conjecture. Usually from some old guy who never dives into the tech of Bitcoin and just calls it a pyramid scheme.

    Just got a text with this article below. I'm really sick of getting these links sent to me. On the bright side Bitcoin obituaries is getting more links.

    https://nypost.com/2018/11/26/the-bitcoin-pyramid-scheme-continues-to-collapse/

    submitted by /u/scottydoeskno328
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    Just hodl

    Posted: 26 Nov 2018 10:45 AM PST

    Bitcoin’s behavior since the start of the year doesn’t just look like a bubble bursting; it looks more like a currency under attack

    Posted: 27 Nov 2018 02:40 AM PST

    Public Opinion on China Bitcoin Situation – Not as Scared as You Think

    Posted: 27 Nov 2018 03:23 AM PST

    Times have been tough, how about some holiday cheer? Free Reddit gold for the community

    Posted: 26 Nov 2018 07:36 AM PST

    Usually this time of the year I'd be dropping my apparel brand's discounts for cyber monday in the community but I can't imagine anyone is feeling like spending very much money right now!

    So, how about instead, I do something for you? I purchased 40,000 Reddit coins and will be gifting them out to anyone that replies!

    I hope you all have a nice holiday.

    Edit: Switching from Reddit gold to silver to accommodate more. Reddit changed their gift system, it appears.

    Edit2: I need to work for a while but will return. We have passive aggressive people downvoting others, if people could upvote each other that'd be great.

    Edit3: Bought more and have returned, huzzah! Giving away gold and silver.

    Edit4: People think I'm rich or something. I definitely am not. You can read about my situation here actually.

    Edit5: 80,000 coins out, 40,000 more coming in. 120,000 coins out, 40,000 more coming in.

    People shared:

    submitted by /u/diditmakesound
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    Just a little observation...

    Posted: 26 Nov 2018 03:45 PM PST

    Bitcoin search trends more then doubles over the past few weeks

    Posted: 26 Nov 2018 09:43 PM PST

    November is a tough month for Cryptocurrencies

    Posted: 27 Nov 2018 02:48 AM PST

    Secure BITCOIN transactions.

    Posted: 27 Nov 2018 03:32 AM PST

    I think I'm not the only one who is interested in the safe storage of cryptocurrencies.

    There are many ways. Among other things, wallets such as ledger can provide me with a certain level of security. But in the trading process I have to send funds to the stock exchange and trust another security system until the funds are withdrawn.

    I wonder if there are exchanges or ways other than the well-known ones.

    This solution comes to mind. The funds stay with the owner until the buyer / seller accepts the transaction, and the exchange acts as only an intermediary (of course, the funds on the stock exchange itself should be able to deposit funds for fees). Is solution like this already implemented ?

    Please write your thoughts, ideas or advises.

    submitted by /u/Ilikeqrypto
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    Breaking: Numerous Bitcoin Wallets May Have Been Compromised by Rogue Developer (any wallets using Node.js)

    Posted: 26 Nov 2018 02:10 PM PST

    Ohio's state Treasurer Josh Mandel after allowing businesses to pay taxes using Bitcoin: “I do see [bitcoin] as a legitimate form of currency.”

    Posted: 26 Nov 2018 04:46 PM PST

    Why the Lightning Network can be a game changer for Bitcoin

    Posted: 26 Nov 2018 05:28 PM PST

    BitPay Statement on Vulnerability in v5.0.2-5.1.0 of Copay Wallets

    Posted: 26 Nov 2018 11:06 PM PST

    What is Neutrino and what advantages and capabilities will it add to Bitcoin Core? Also any ideas as to when we might see this in use and how might it be added to the core software, will it need miner voting?

    Posted: 26 Nov 2018 08:07 PM PST

    I see some similarities

    Posted: 26 Nov 2018 09:00 PM PST

    Get Ready Boys..

    Posted: 26 Nov 2018 08:19 AM PST

    Hackers Infect Make A Wish Foundation With Crypto Mining Malware

    Posted: 27 Nov 2018 01:25 AM PST

    If I download a Lightning Wallet and use it on my phone, do I need to keep it online all of the time? Doesn't it require me to also have the bitcoin blockchain downloaded as well?

    Posted: 26 Nov 2018 09:13 PM PST

    Hacker Backdoors JavaScript Library to Steal Bitcoin Funds

    Posted: 26 Nov 2018 02:53 PM PST

    A hacker has gained (legitimate) access to a popular JavaScript library and has injected malicious code that steals Bitcoin and Bitcoin Cash funds stored inside BitPay's Copay wallet apps. The presence of this malicious code was identified last week, but until Nov 26, have researchers been able to understand what the heavily obfuscated malicious code actually does.

    submitted by /u/CoinNess_Com3
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