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1501  Economy / Gambling discussion / Re: If Gambling Doesn't Ever Exist, What Will You Be Doing Right Now? on: October 17, 2019, 07:32:40 PM
Gambling is and has always been for me a form of entertainment. Unfortunately there are some people who got addiction to it and lost their lives gambling themselves away.. For them it would be a life-changer if gambling didn't exist, but probably they would have found another addiction like shopping, video games, drugs, alcohol or who knows what else. The casino owners are most often than not business people who would just change to another industry in order to make money.

Gambling is not even a small part of my life. I'm playing here and there with very tiny amounts when I'm bored. But if gambling would disappear right now, it wouldn't affect me at all.
1502  Economy / Trading Discussion / Re: Are there any good videos/tutorials on cross and isolated leverage types? on: October 17, 2019, 07:18:05 PM
Make a search on google or youtube, man. There are plenty of websites explaining it carefully. Simply put when you use cross leverage you're exposing your whole account so you need to have proper risk management aka know when you need to take the risk off or place a static stop loss. As far as I know professionals only use cross leverage. You could view it this way also: when you use cross leverage, your whole account will disappear once your position is liquidated but the liquidation price should be much lower. On the other hand if you're using isolated margin you will only lose the amount you've risked on the position.
1503  Alternate cryptocurrencies / Altcoin Discussion / Re: Earning crypto on games - are you serious? on: October 17, 2019, 06:52:54 PM
I have learned on my own experience that is not worth the time and energy to even think that you can make money from playing games unless you wanna do this professionally and you're standing most of your day hard-core gaming at a PC or console. If that's the case you better choose an eSport kind of game like LOL, Warcraft, or even FIFA, but remember that there are millions of other players in the world and you need to be better than most of them to make a living from playing video games. Most games are out there just so you can have fun and immerse yourself into another world.

I'm not even going to talk about casino games. Never ever considered makin' a livin' gambling at a casino. They have the edge, you lose in the long term, PERIOD. Use it just for fun Wink
1504  Bitcoin / Bitcoin Discussion / Re: Beware!! Bitcoin can be the future but a lot of work is to be done on: October 17, 2019, 06:25:06 PM
No great thing in the history of humanity has been achieved easily. Look at peace, telephone, internet, country independencies and so much more. When you're doing fundamental changes at scale that will affect the whole world's perception and daily life you will surely meet some big hurdles to jump, but it is definitely worth it. If we manage to integrate cryptocurrencies and the blockchain technology at a global level the generations to come and not only will reap huge economic and time benefits. Some people like it and some don't, but automatization is a great thing as it gives us time, that you can choose to spend it with your dear ones or doing the things you love. I don't believe that we were created to do repetitive work, but to be creative and transform things for the better good.
1505  Economy / Trading Discussion / Re: Cat.ex exchange? on: October 17, 2019, 06:08:02 PM
The catex.io exchange, if you are referring to it, looks kind of sketcy and as you've noticed the volume looks kind of big for a less popular exchange. I'm not a fan of the platform design, it looks cheap and made-in-china if you will.. The trading fee is competitive, 0.10% but it's fixed and you don't get it lowered by having more trading volume. That's a minus. The withdrawal fee is decent, I don't complain about that. I have a rule: if the exchange has a "dice" game integrated into it I'd stay away from it. Are you a casino or a trading platform? Extremely unprofessional..
1506  Economy / Economics / Re: Millennial generation are screwed! on: October 17, 2019, 05:47:57 PM
I've recently looked at a study that Millenials are a weak generation and that the next generation is going to be even worse. That's because the pain tolerance of millenials is WAY lower than the generation X. I agree that the majority of milenials are lazy and it looks like they have no ambitions. There are a lot of exceptions though, but wasting hours and hours of the day to watch Netflix or play video games is not a good sign at all. TIME is the only most valuable resource we have in this life and we should use it wisely. But, Bitcoin is definitely not a waste of time and I believe them investing in cryptocurrencies and seeing its potential is amazing. The young generations should look in the future and the next pass in our world's evolution is probably blockchain and cryptos.
1507  Alternate cryptocurrencies / Altcoin Discussion / Re: To bounty hunters & investors on: October 17, 2019, 05:03:27 PM
Very few projects' succeeded this year indeed, but that doesn't mean that there are no quality STOs in the market. What does an STO, ICO or IEO mean? - A crowdfunding campaign organised by a company/project to fund their endeavour. Most STOs appeal to both retail and professional investors (venture & hedge funds), but as I have noticed they don't manage to raise significant amounts of money from retail so they are basically so most of them are focusing their efforts on pros and maybe organise IEOs for the public.
1508  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto - Creator of Bitcoin on: October 17, 2019, 04:33:04 PM
Although this is an old subject, I found the article very interesting especially for beginners. I'll throw my opinion here about the creator of Bitcoin. Craig Wright, the one that is "the closest" to being Satoshi as said in the article is nothing more than a fraud who tried to get free massive exposure for himself in the media. The true Satoshi Nakamoto is probably a very smart person, who is not after fame or money or anything like that, but his goals are to change the world for the better on a fundamental level.
1509  Economy / Lending / Re: ChrisPop's Lending Service on: October 17, 2019, 03:36:31 PM
For the next 48 hours I'm offering loans for maximum 10 days at half the normal interest + a 1 day grace period so you won't be charged double the interest rate if you are late for 1 day.

P.S. I'm still waiting for the first borrower..  Grin
1510  Economy / Trading Discussion / Re: Bybit Review: The Best Margin Trading Platform on: October 17, 2019, 03:24:27 PM
Although Bybit is much better than Bitmex in terms of functionality and I prefer it especially for scalping, in my opinion the best margin trading platform out there is Deribit. It is the most professional looking one and I kind of have confidence in a Holland based company. They also offer derivatives like options and futures besides perpetuals(spot) that are well suited for well-versed traders. On the other hand I find Bybit more suitable for scalping as sometimes it seems to have more liquidity.
1511  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: October 17, 2019, 02:59:03 PM
I remember I've recently got some rewards from the former bytecoin smart contract. Do you know if the airdrop smart contract holds future rewards for a next period, like the next year or so? Or is there any way I can check that in my wallet?
1512  Economy / Gambling discussion / Re: Reasons Crypto Players Skip Casinos with KYC on: October 17, 2019, 12:52:30 PM
I think that people mainly got into the crypto space for the  privacy and freedom they get by using a decentralised currency like Bitcoin. Having to complete KYC it's a burden just like on the other more "regulated" online casinos. So why use crypto then? Why not play with the inflationary fiat than risking your precious deflationary bitcoins?
1513  Economy / Trading Discussion / Re: Exaggerating portfolio returns on: October 17, 2019, 12:18:55 PM
So if you're looking for a job as a trader I suppose you need to show up a valid transaction history. You can get xlsx or csv files showing your transaction history from most of the trading platforms nowadays. You can "bend the truth" if you want, but I wouldn't ever do that because I care about ethics. Plus, you will only lie to yourself, most often than not you will be put in a probation period where they will actually "test" your skills. No sane investor or trading firm would allocate funds to a trader who doesn't possess a PROVEN trading history. I wish you good luck in finding a job that you like, but after all if you are so good at trading why don't you trade your own funds and build your equity up?
1514  Bitcoin / Bitcoin Discussion / Re: Will Brexit became the reason of Bitcoin’s downfall? on: October 17, 2019, 10:17:05 AM
I don't think that Brexit has any impact on the cryptocurrency industry. Brexit is not good for the European Union though, but they might reach an agreement nevertheless. Now it looks Scotland wants to organise an independency referendum in the next year. Independency is a trend recently, I wonder if something big is incoming and they know something. Hmm..

On the other hand there are some England-based crypto companies that might have some legal problems once the Brexit is officially finished. Another way for lawyers to make a fortune..
1515  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold on: October 17, 2019, 08:52:16 AM

GOLD in the Catex and Coinsbit exchanges does not have a medium volume in Cryptex and Livecoin has a stable volume, so how do teams make GOLD in all exchanges having the same volume?

Digital Gold team only does market making and as they said they are still working on integrating their market-making algorithms through APIs on Catex. But they shouldn't be held responsible for the volume on exchanges. They will only do market-making which means ensure the liquidity (have buy orders in place close to the real market price of GOLD).

Moreover Cryptex and Livecoin exchange are more popular exchanges than Catex and Coinsbit so obviously you should expect them to have more volume  Wink
1516  Alternate cryptocurrencies / Altcoin Discussion / Re: Stacking cryptocurrencies with Interest on: October 17, 2019, 07:02:32 AM

Oh man, theres NO way i would give them my BTC to hold for 4-6%APR, one can make more then that in traditional markets.
Hell my shit-ass BANK offers 2-3%
Ill hodl my own coins, BTC especially with the 1/2ing next year, and BNB is just a great coin
Actually Binance could hodl my bnb, i trust them with that and i dont need my bnb to be liquid, whereas my BTC i do


I agree with you here. I have made my own risk analysis and it is just not worth it. If these platforms would be trustworthy and somehow regulated so my deposit is guaranteed then yes, I would definitely consider stacking some BTC there to grow my bag. We need to keep in mind that BTC is a deflationary currency and getting even 5-10% APR could build up an account nicely over time.
1517  Alternate cryptocurrencies / Altcoin Discussion / Re: Stacking cryptocurrencies with Interest on: October 16, 2019, 07:01:39 PM
I don't think it's about whether or not you trust these platforms. Average interest rates for cryptocurrencies range between 4% and 5% annually.

But in some countries, banks provide far more interest rates. Like third countries of world, these rates are more than 10%. Within cryptocurrencies, these rates need to come to a level to compete with banks. But I have always trusted and will continue to trust strong exchanges like Binance. But the rates are low for now I do not think to participate in lending activities.

I'd like to know in which countries banks provide higher rates than this one and on what currencies? Because a bank can offer 50% interest on a garbage fiat that has over 20-30% inflation per year or more. You see.. banks calculate these rates very carefully so their risk of failure to make a profit is minimized to almost zero.

Of course it is about how much you can trust these platforms. In the financial world it is all about risk and reward. In this case the reward is 6-10% annually and your job is to calculate the risk. The risk should be calculated  in my opinion by the likelyhood of these platforms to go bankrupt or run away with the funds.
1518  Economy / Speculation / Re: BTC TO 35K$ IN 2020 on: October 16, 2019, 06:35:50 PM
Your prediction is kind of pessimistic man.. McAffee predicted $1 million/ BTC by the end of 2020. Personally I would be happy to see Bitcoin at $20,000 until 2021. I'm curious to see the arguments that made you come to this prediction. Was it based on technical or fundamental analysis or was it just a number randomly picked that sounded good?

1519  Alternate cryptocurrencies / Altcoin Discussion / Stacking cryptocurrencies with Interest on: October 16, 2019, 05:45:24 PM
Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..

My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?
1520  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: What's problem in Yobit!!! on: October 16, 2019, 05:18:18 PM
Probably just a spontaneous server maintenance. They should make an announcement on their twitter account, though, when this kind of events occur. Some people hold significant amount of cryptocurrency on their platform to trade and personally it gives a trader some very anxious feelings when he can't access his account and has no information about the problem.
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