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1521  Economy / Trading Discussion / Re: the difference between bitcoin trading and forex trading on: October 10, 2017, 01:43:57 PM
Forex trading is done by the use of fiat currencies such as USD, EUR, YEN, INR etc... All these currencies represent a countrie's legal tender.
And exchanging one for the other in order to gain profit from their price differences is called forex trading. Whereas trading of virtual currencies such as Bitcoin, Ethereum, Ripple etc... which are all crytpo currencies is called crytpo trading. I hope you get to know the difference between them.
Kindly use the very popular search engine "Google" the next time before making a post.
Forex trade is actually the exchange of one country's currency at a certain rate with that of another country and these days, forex trade is no longer tied to trading with fiat, most brokers now also accept some cryptos as base currency, since cryptos are also currencies - digital.

One won't be out of place to say crypto trade is also a form of forex trade, because they both share a lot in common. Crypto trading, however is not structured around margin/leverage trading as is prevalent with forex trading. In terms of stability, forex trade is relatively stable because they are well capitalized and more liquid than cryptos and  which makes pumping and dumping a phenomenon with cryptos, nevertheless both are manipulable one way or the other.
1522  Economy / Trading Discussion / Re: Marginsoftware - Trade GUI/Bot for WEX, Cryptopia, Bitstamp, Bittrex, Poloniex, on: October 10, 2017, 12:55:46 PM
Have just downloaded the demo version and testing it out, a lot needs figuring out! AT ANY RATE, I think it has the making of an utility trading tool to make analysis and automation come easier. Want to know if there is provision to add custom indicators and strategies? Can the guys using the paid version air their experience here?
1523  Economy / Trading Discussion / Re: Patience and Holding on: October 10, 2017, 09:24:40 AM
Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..
Why feel bad if you earned at least a profit? If you withdraw or sell but earned a profit then nothing to feel bad about it and besides who knows if Bitcoin price will recover after it dipped at $3,800? You withdrawn or sell because you thought that its the right time to withdraw. What you did is ok as long as you earned even with a small profit, feel very bad if you sold at loss, I'll be kicking my self if I do that.
Understanding that we can't never rake in the profits from every move the market makes is the beginning of our journey into effective and profitable trading. What's more, profitable trading opportunities will always abound, all that needs done, is to be able to identify and take some share before they're up and gone. Help is usually at hand in technical analysis, especially in the areas that render clues about oversold and overbought market conditions.
1524  Economy / Trading Discussion / Re: How to know about next pump? on: October 10, 2017, 06:11:43 AM
Really hard to know will this will happen, trading with teknikal and fundamental analys and just be patient will help so much to get konsisten profit from trading
It is quite impossible to predict the exact date for pumps and dumps; we never know when the whales are going to take any action. You just need to be careful with your coins and patient to enjoy the profit. Always avoid panic selling if you are holding bitcoins because they pump hard after every dump.
Of course predicting the exact date for a pump or dump is beyond anyone's ability and the multitude of coins doesn't help matters. Nevertheless we can still hazard a way around it by following and observing the trend of pump and dump. I have observed that even shitcoins do get pumped though their dump are often terminal.

The suggestion is, we can ride the waves by buying a selected number of altcoins - some cheap and shitcoins especially as they are coming out fresh from the mint and more of some stable altcoins. Then Hodl and keeping tab with news at their various sites and general development in the ecosystem. Must add that patience and commitment are essential to have this work and then one cannot catch every nickle that shows up in the market. Best bet is to always take profit after a reasonable increase in price, the market is not about to end and there will always be other opportunities!
1525  Economy / Trading Discussion / Re: Day trade or Hodling on: October 09, 2017, 09:19:12 PM
Hodling is key, I have lost more from day trading then Hodling. I would be a rich kid if I had just held on to my coins.
I sense you ain't telling yourself the truth - you didn't lose or failed to become a rich kid all because of day trading, must be you ventured into it with little or no knowledge and skills and those are more or less indispensable to be able to find one's feet in the market. Holding is really no strategy and requires no skills at all and that's the reason it is particularly appealing  to newbies and those hard at understanding how to trade. As a matter of fact, much more stands to be earned with a combination of trading and Hodling for the trader that knows what to and when.
1526  Economy / Games and rounds / Re: 🔶 YOLOdice's 3rd Profit Competition! Win up to 0.20 BTC! 🔶 on: October 08, 2017, 09:17:19 PM
 I think this competition is more appealing than the highest wager competition, but why there are so many "Dicerlossers' in the list and they were all registered, same day, 12 days ago? Is that a single player with multiple accounts or a syndicate working to fill in every available spot?
1527  Economy / Gambling discussion / Re: What is more risky. Sport or casino bets ? on: October 08, 2017, 08:04:02 PM
hello,

What is your opinion bout this.

If for example one match of basketball game ratio is 1.05, so it means it's 95% to win.  VS casino game like dice which is also 95% chance to win.
Which one is more risky ?

i guess there a much risk in casino bets because it is mostly based on your luck and it plays randomly or blindly but in sport bets you can choose which team or player has a good winning records or plays better and has more winnings in its past games so your 100% sure where to bet and theres a higher chance of winning the game compared to casinos or other forms of gambling.
Other than that, outcome of casinos cannot be easily predicted as could be possible with proper analysis of sport events. Moreover outcome of casinos can so easily be manipulated by unscrupulous casino owners, with sport, the incidence of match rigging are less frequent.
1528  Economy / Gambling discussion / Re: Worst mistake in gambling on: October 08, 2017, 07:51:08 PM
The stupidest mistake that I remember is that I played for so long that in the long run the site ate my money and just enjoyed the bets that I lost. That's stupid and it was a lot and I just cried on the inside for losing such amount.
Did you or did you not enjoyed that you lost money?
If you lose money in gambling it is not really a worst mistake because it is expected result.
I could not stop during gambling, I did not put any limits and generally lost all the money. I could not understand how to play reasonably so as not to lose all the money.
First set limit how much money you can afford to lose and then set limit how much money you would like to win. Either win or lose don't go beyond those limits and you will be fine.
If it were quite easily said and done, most casinos and gambling sites would have closed shop by now, but the reverse has been the case because casinos understand they have upper hand and  player cannot help their greed and illusion that the next bet would surely be a winning bet!

The worst mistake gamblers do is to assume that whatever strategy that have won a couple of times in the past will continue to win unending - as a matter of fact, no one system wins all the time, because the house have edge over every player.
1529  Economy / Gambling discussion / Re: lucky ! does it influences by a woman beside of us? on: October 08, 2017, 07:28:45 PM
I think not, then what happens when we lose despite being beside women? I think when we gamble with beside woman, it will make us more spirit and concentration when gambling, because when there are women beside us while gambling, and we achieve victory, there must be a big plan. i think, you know what i mean.
it will not depends on it, having women around us can get only lead us to lose our focus , those who have girls around them might be too arrogant or just want to play tricks with their opponents using those girls.
That is the unmistakable reason casinos take their time in employing beautiful ladies! Looking at them, most players are sure to lose focus in their presence and that would be the gain of the casino. As for going to a casino with ladies, I think it is capable of prompting the guys to bet more and even high rolls in order to impress the ladies, because money is essential to take care of ladies!
1530  Bitcoin / Bitcoin Discussion / Re: Why does China hate Bitcoin? on: October 08, 2017, 06:05:31 PM
Chinese don't hate bitcoin, once they were in one of the countries with maximum number of bitcoin users. China government are afraid of the illegal use of bitcoin as like other governments, there fight is with criminal mind people who are using bitcoin for money laundering and all other illegal activities. Hope so they will find a better way to restrict these criminals instead of banning cryptocurrencies.
It should be obvious that China does not hate Bitcoin and have no plans to ban it neither is the fear of its use for illegal activities strong enough reason to give up on their lifelong pursuit of master minding one of the world's reserve currencies especially as it has failed to do as much with Yuan. What China desperately need is control,control and control and every thing they have done is geared towards achieving that. Unfortunately however, Bitcoin and cryptocurrency in general are not the best of candidates for their scheme.
1531  Bitcoin / Bitcoin Discussion / Re: Is it possible to withdraw huge amounts? on: October 08, 2017, 02:10:14 PM
Hello everyone,



I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.

If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?

Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?

I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.


Cheers.
This is a newbie account and with suggestions of having tens of thousand of Bitcoin and asking for possibilities for cashing out! First thing first, how did you come into that much?

Be sure to have proofs, most exchanges are going to insist on verification of id and address, which is normal if you have nothing to hide, but in case you do have something to hide, withdrawal of huge amounts (crypto to fiat) will always raise a red flag and don't fool yourself into thinking your transactions would be anonymous!
1532  Bitcoin / Bitcoin Discussion / Re: Possible Bitcoin manipulation by banks on: October 08, 2017, 01:45:36 PM
Let me tell you bitcoin and banks are real enemy of each other and banks will try to create conflicts against bitcoin for sure. No doubt bitcoin is being used by big firms and exchanger to make their ways easier through the transaction portal. But there are banks who comes in the picture when the transaction is to be made into fiat currency. They will just bring up all the questions against the the transaction do that they can not allow the system to flow in multi-directional ways.
I would rather we realized that banks are really not the enemy of Bitcoin, they're businesses out to make profits which ever way they can, only they have to constantly look over their shoulders, not to offend their masters - the central banks! Most of the central bank are the arch enemy of Bitcoin and anyone here that doesn't know yet, deserves not to be here in the first place!


Quote
Exchangers can not and will never be able to do anything about it in the first place because they are already outlawed by regulatory authorities. So for them it's like nil before me situation and they will just get manipulated by the big bankers. Who knows where this will lead in the future.
Bitcoin have proven to be a very speculative tool and I would be taken aback if the banks could afford to sit on the fence, watching such profit making opportunity to pass-by.

As for manipulating the market, that's nothing new and it mustn't  take a bank to do so, even if you and I have millions of Bitcoin, our sell and buy orders will likewise jolt the market, but then that would only last for just a while and the market soon absorbs that constrain and move on. That is a reason we should all be doing our own bits to maintain a healthy and robust community, where decentralization is our most formidable weapon.
1533  Bitcoin / Bitcoin Discussion / Re: if bitcoin will become the main coin, what will happen to the money we are using on: October 08, 2017, 09:23:29 AM
if bitcoin will be the main coin, what will happen with the banknotes we use. i think that this will not happen because the amount of bitcoin itself is limited value. / to take the currency in the world. the problem is i do not think that bitcoin can increase because when this is a lot of buyers / many buyers.
if everyone would invest and convert cash into digital money, there is no possibility that such a revolution would happen to bitcoin investing. so there is no problem for me, someday bitcoin will be used internationally.
that's what I'm waiting for.
You need to update your ideas about Bitcoin:

1. the limited amount of Bitcoin is an advantage and not a disadvantage and would always make Bitcoin scarce and more valuable;

2. Bitcoin already is used internationally and that is one of the purpose it was created;

3. at no time would everyone convert their cash into digital money as both digital money and cash have their roles in the society.
1534  Bitcoin / Bitcoin Discussion / Re: if bitcoin will become the main coin, what will happen to the money we are using on: October 07, 2017, 11:35:12 PM
Bitcoin has always been the main coin (among other cryptocurrency), but if you mean the main currency including fiat, i think it won't happen because government simply can make regulation or ban bitcoin to prevent that from happening.
But if that really happen, most fiat will lost it's value while some government either adopt bitcoin with regulation/monitoring or strictly forbid any bitcoin activity.
The governments uses their local currencies as of the tools to control people and which is some Bitcoin denies then, so I strongly doubt the governments in their numbers are going to hand over their economy to a technology they're not in any position to effectively monitor and control. Of a fact, we're never going to hear the last of any fiat currency, because those are actually symbols for the various countries they stand for.
1535  Economy / Speculation / Re: Bitcoin won't live to see the next 10 years on: October 07, 2017, 11:16:44 PM
These hard forks are just another stage in the growth maturity cycle of bitcoin. Bitcoin needs to be tested...each test it goes through and survives is one that gives it strength to be relevant longer.

There won't be an endless series of fork attempts, it will stop, Bitcoin and the community just needs to prove that Bitcoin is the strongest coin. AND it's ok for the currency to evolve to meet new demands.
I quite agree with your take, the Bitcoin we see today is far more resolute and resilient than the Bitcoin we knew couple of years back. It has actually been through a lot and the fact, it came out of it all more formidable have endeared it to many.

And yes, an end to hard fork of the network is not in sight, many more will happen, but what's good news is that Bitcoin core is unwilling to shift its grounds and it will always remain the one and only Bitcoin.
1536  Bitcoin / Bitcoin Discussion / Re: Dogecoin Petition for Amazon. Good idea for Bitcoin too? on: October 07, 2017, 09:52:56 PM
I don't know how difficult it would be to open a small internet store which accepts dogecoin & other alts as valid currency for payment. That could be the best way to encourage retailers & others to accept alts. To prove alts can be reliable under real world market conditions.

Petitions may not be as powerful or influential as they used to be. There are many petitions in recent times which amounted to nothing.
There already are petitions for Bitcoin at Amazon, however I think Dogecoin can stand a chance too, given its near discrete nature, very low transaction fees and of course, fast confirmation time.

https://bitcointalk.org/index.php?topic=1985154.0

https://bitcointalk.org/index.php?topic=1980667.0
1537  Bitcoin / Bitcoin Discussion / Re: Can cryptocurrency make real money disappear? on: October 07, 2017, 09:39:08 PM
Digital currencies today can not make real money by themselves, but digital currencies can become tangible by way of trading.
Currently the chances of living without real money are very small, unless you live in the forest and all the necessities of life can look in the forest.
At the end of the day, digital currencies requires to be compared to physical money to get a feel of what it is worth and its conversion to real money becomes inevitable to meet up certain needs. Put in another way, cryptocurrencies were not created to make real money go extinct, rather the real idea behind their creation is to end up getting a better combination of the two.
1538  Bitcoin / Bitcoin Discussion / Re: Bitcoin business idea on: October 07, 2017, 09:11:09 PM
I think a good business is a store, a variety of stores. And I will receive bitcoins as payment. It's good because people do not know bitcoins and can help them figure out how to make money here, To spread the knowledge of bitcoins and many people come in crypto currency
A variety of stores accepting Bitcoin would be a worthwhile business idea if it would be able to meet the yearning of many bitcoiners. Have you thought about how to manage the fluctuations in the value of Bitcoin and transaction costs? Those two can make or mar your business, so it is not something to be treated as an afterthought, when thinking up any business that plans to support Bitcoin as payment option.
1539  Bitcoin / Legal / Re: Finally Bitcoin is legal in my country 8) on: October 06, 2017, 10:00:28 PM
even if they dont legalize it doesnt matter much right? its not to releated to any country
It is as you said, legalization or not, Bitcoin is here to stay and will without fail, keep breaking even more barriers. As far as Bitcoin is concerned, legalization is not absolutely necessary, though when it is, it becomes easier for high networth individuals as well as corporate institutions to bring in their money with some level of assurance and expectation. These increase in demand of Bitcoin is actually what is the impressive value of Bitcoin.
1540  Economy / Gambling discussion / Re: do you like slot games ? on: October 06, 2017, 02:35:55 PM
Yes. The prices in slot games is very exciting. And I believe this is the most easy game in the world of gambling. It doesn't need a strategy or technique. Maybe this game just test your luck. You'll never know what price what you get.
That is right, Slot games unlike many other casino games are 100% dependent on luck, there is no known strategy or ways to gain any advantage over the house other than hopes that one could run into some luck! I however have a preference for games that a player should be able to create some advantage for himself/herself by reducing the house edge.
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