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1561  Economy / Gambling / Re: SatoshiSignals: We're Back! - Arbitrage Betting Signals On Crypto Sportsbooks! on: September 29, 2017, 09:41:31 PM
I have been interested in sports arbitrage too and to be able to do same with Bitcoin would be some treat! I think you should consider extending the 1 day trail to a few more member, we have to be sure it is what was promised. A concern I have is that sportbooks are not at home with arbitrage betting and given that we're all here in this community, do you think the mentioned books would caresless about there odds from this moment on?
1562  Economy / Gambling discussion / Re: Worst mistake in gambling on: September 29, 2017, 08:22:17 PM
I think that the worst mistake you can do in gambling is to keep betting after you lost the funds that you planned on risking.

I will give an example: let's say you planned on gambling 100$, and that's all the funds that you could risk losing, after losing it you get mad, and instead of going away with just the lose of 100$(when at the first place you told yourself that it is going to be fine to lose) you are keeping on playing and losing more and more money.
That's the direct way of getting into troubles and in my opinion it's the worst mistake to do on gambling.

I think the worst mistake is the belief that the next bet is going to be a winning bet! That is actually one of the things that gets people hanging on, chasing their loses until they eventually go burst Another is over confidence in some betting strategies, unfortunate, there is hardly any known system or strategy that is able to beat the house at all times and most players are blind to that.
1563  Economy / Gambling discussion / Re: Why I suddenly decided to leave gambling alone. on: September 29, 2017, 08:00:49 PM
Good for you that you were able to stop Gambling, most of us here who are trying to stop cannot stop because we enjoy doing it whatever the outcome win or lose. If you were able to stop don't try gambling again because you are already safe from losing any amount of your hard earned money.
Best way to stop gambling is to gamble with some free or fake money, like most of the online casino now have play money or games for fun. These games are just like real game but you won't loss or win anything there even if you play for wholeday.

Yes gambling is entertaining and it is the best way to get out of boredom.
Those free money are actually carrots before donkeys (the players) and most often than not, most players end up bowing to the urge to make more and take the next step of depositing from their pockets and soon they are roped in. However an disciplined person should be able to tell themselves when to stop.
1564  Economy / Gambling discussion / Re: Can maths help you win in gambling ? on: September 29, 2017, 06:44:16 PM
There is no relation between maths and gambling. Maths is a real science while gambling is game of luck witch only requires some knowladge in betting.
Maybe some parts of maths can help in gambling such as  probability witch can help in the restriction of choices.
Wondering where you got that crap from?

For your information, most games are developed based on a branch of Mathematics - Applied Mathematics to be specific. For the fact that these things are designed and developed by man, they cannot be foolproof and a good background in maths can always give a player an edge to win - make some money.

However winning in gambling is something else. It means to be able to beat the house and that is hardly possible because aside from the obvious house edge, gambling sites are far well capitalized and so are able to contain most moves by players until the player eventually runs out of bankroll or hits the table limit. Other than that, a game has to be fair (not rigged) to ever stand any chance of beating it and that has always being a question begging for answer!
1565  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: September 28, 2017, 04:33:24 PM
Cause im waiting for that one big moment on bitcoin.  I will hold it till  it hit $20k  ,it doenst  matter how long i should wait , 5 to 10 years maybe , im waiting for that price cause its my selling price .
Ever considered that same profit margin is accomplishable by buying and selling at some strategic price levels and over a very short period of time. Buying and Hodl is actually not a strategy and  are not fail-proof either, besides it stands to impede on liquidity, when is one of the major attractions any investor would look to see before the decision to invest.
1566  Economy / Economics / Re: Cashless society on: September 28, 2017, 04:01:27 PM
However governments focus on digital growth​ cashless society is simply an impossible task. The reason why I made this statement is that even now people avoid using cards just because of the increased fee that's been levied as well few people haven't gained the required knowledge to use it.
Yes it is, and I dont see it happening soon , well since every country has its fiat I think governments will not allow bitcoin to rule over it, they will not allow a decentralized system be ahead which they cannot control just like that and just think about using bitcoin in buying icecream hassle isnt it? Unlike if we have still paper money , simple transaction.
A cashless society is really not all about Bitcoin and decentralized systems and I doubt more than a handful governments would want to incorporate that in their cashless policies. It should be made bare here that going digital or cashless does not necessarily mean transparency would follow. Bitcoin was only able to accomplish that much by way of the introduction and use of the blockchain and hashing algorithm.
1567  Economy / Economics / Re: Maybe governments can stop bitcoin after all on: September 28, 2017, 03:02:50 PM
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Governments can't stop bitcoin yes they might control it but they will never stop it just because of the laws. We know that law should be a law but you can't follow it just because you are told so. They can't control their own jurisdiction so how can they control the internet or online community? It might happen that government discover and control the bitcoin but they can't stop it especially now when bitcoin's popularity is increasing even its value is fluctuating.
It should be understandable how an ICO is not a cryptocurrency and neither are they decentralized, so all that needed to be done to dislodge one, would be to identify the companies, locations and entities behind an ICO and the rest would be history. With a cryptocurrency like Bitcoin however, it is not possible to successfully stand in the way of a coin because they are decentralized and not tied to anyone country.

The only reason banning of ICOs had some toll on Bitcoin was because the tokens were denominated in Bitcoin or Ether and when the ban led to a massive or huge sell-off, if follows that excess supply would push price down.
1568  Economy / Economics / Re: Money above all things, Yes or no ? on: September 28, 2017, 02:13:37 PM
no, money is evil, it can turn a good person bad.

Nope. Money is not a root of an evil. Having no money is the root of an evil. If you will work hard you can earn money. If you earn money you will not think to do bad things. When you don't have money and you starved, and you pity yourself, many thing comes on your mind. There the evil will enter on your mind to do bad things.
I strongly disagree with your take and neither money nor the lack of it, is the root of all evil, because there abound poor as well as rich people that are not inclined to do evil.

Actually money is good because it essentially makes the world go round and without it life can be quite colorless. We should be able to pinpoint that the root of all evil emanates from the love and greed for money and more of it above every other thing!
1569  Bitcoin / Bitcoin Discussion / Re: "Japan Considers Launching J-Coin, Eliminating Cash Before Tokyo 2020 Games" on: September 28, 2017, 01:11:21 PM
I think its too early to adopt crypto currency as your main currency in a country. Because Japan has Billions dollar auto and tech industry, which will have hard time to digest crypto currency at this moment. But within next 7 to 10 years, yeah it's possible.

This will be 1/1 ratio coin they would make it decentralized coin for sure this coin would replace the current currency but completely transferring is impossible we still live in a world where internet is still paid or the free  wifi isn't secure.
The speed will play a important role if the funds are taking time to show up it will be a waste and lastly what about the poor no matter how developed or rich a country can be poor people still exist how will they be able to afford technology or atleast a smartphone.
You guys are totally adrift and perhaps not on this bus! where did it say that Japan is planning on adopting a cryptocurrency as main currency or where did it say J-coin is going to be decentralized or that an average Japanese cannot afford a smart phone? Most failures in exams happen because people invest their own questions instead of the one put across to them by their examiner.
1570  Economy / Speculation / Re: BTC is about to crush major resistance points (very bullish) on: September 28, 2017, 12:50:24 PM
A new ATH sounds good but is it really possible right now? There is still the hardfork coming this november and the FUD about bitcoin is not yet over. Even if we cross 4100, there is still a great possibility that the price will reverse after that.
After China's bluff was called, the road seems clear with no major bump in view but the November hard fork. Since it is still a while before November, I see the price of Bitcoin pushing pass the $5000 level before long and then recede to await what becomes of the hard fork.
1571  Economy / Speculation / Re: Is PayPal now feeling the pressure from Bitcoin? on: September 28, 2017, 12:26:40 PM
https://finance.yahoo.com/news/paypal-ceo-expensive-poor-221202508.html


PayPal CEO Dan Schulman wants to make it easier for people, including those who live outside the financial system, to manage and move their money.


“There’s a saying that it’s expensive to be poor,” Schulman told Yahoo Finance in a recent interview at PayPal’s San Jose, California headquarters. “You want to cash a check, send money to a loved one, get credit, even pay your bills. For those who are outside the financial system — and there are over 70 million adults in the U.S. and over 2 billion people in the world — those basic consumer transactions can be incredibly time-consuming — you stand in line for 30 to 45 minutes — and very expensive.”

While the dollar costs of executing a financial transaction may seem reasonable for most, they can be quite high for those with very little income.

On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates,” he added. “So democratizing financial service is basically saying the following: We want managing and moving your money to be a right for all citizens, not just the privileged, or the affluent.
[/b]”

Sound familiar?  Wink

There's no competition until we have lightning networks. Until then, you cant sell bitcoin as a solution for poor people to send and recieve money in a decentralized way, because (unlike what scammers such as Roger Ver and anyone supporting BCash will tell you) a decentralized blockchain is a finite and scarce resource, therefore it's not cheap, this is why we need second layers like LN to really take over the entire planet. Then we will outcompete everyone else and PayPal will either join BTC or go bankrupt because no one is going to be paying any fees to send money anywhere.

Paypal is a scam because it's tied to the legacy banking system, yet they market themselves as "internet payments". This was never true, it was never true anywhere until Bitcoin was invented.
You should see there is a huge competition already and should you take a closer look at the article, you won't miss to notice that almost every statement made there are responses to the questions Bitcoin have raised and addressing. Tell me since when did they realize that managing and moving money ought to be a right for all citizens, not just the privileged or the affluent?
1572  Economy / Speculation / Re: Will BTC become a PUMP after 30/9???? on: September 28, 2017, 11:52:03 AM
The price has been raising uncontrollably since last week !!!
Since it was not long ago at $5000, it's better aid that it is recovering nicely.
Point of correction, the price of Bitcoin doesn't rise or fall uncontrollably - demand and supply does that perfectly well. Evidently the market had excess supply recently as PBoC had Chinese traders and businesses selling off their Bitcoin, so price had but to dip.
Quote
However , Chinese will public their decision of Cryptocurrency on 30/9

I think that many expects that the Chinese exchanges will not close or will reopen very soon after 30/9, that's the reason for this recovery.
"Buy on rumors, sell on news"
Stale news and the community have already moved on! China is only a fragment of Bitcoin and the cryptocurrency world, they erred by jumping to the conclusion that they were indispensable, of which they're not.

Quote
Do u think the price may keep raising or decrease ??

Depends on the news. If the exchanges will remain open, we may get back to $5000 very fast.
If not, even one more price decrease is possible.
Japan have taken over more than 50% of daily trade volume, there is South Korea, there is Australia and a voracious global appetite, China will now have to fight to merit relevance.
1573  Economy / Speculation / Re: Bitcoin will rise up or fall down? on: September 28, 2017, 10:43:52 AM
The problem is that nobody found a solution for blockchain regulations. There is no country with official regulations for cryptos ! Now Singapore and Russia announced that they will issue some regulation rules by the end of the year, but that's just rumors !   
Bitcoin and the entire community are better
off without those regulations as their intents are not to ensure things work seamlessly as they may want us to believe, rather it is their gambit to bring everyone under their control once more. By and large it really does not make much impact what country regulate Bitcoin or not, Bitcoin is simply beyond their territories  and it is so amazing how it is putting governments across the globe on their toes.

Interestingly, what these governments are not able to visualize is that in their bid to emasculate Bitcoin, they are ending up instead as promoters of Bitcoin, unknowingly helping to drive demand and then value up.
1574  Economy / Speculation / Re: Bitcoin again crossed $4200, so this time can we see all time high?? on: September 28, 2017, 09:55:25 AM
Bitcoin finally crossed $4000 mark and now trading around $4200, so this time can we see all time high in bitcoin?? and what could be the resistance zone for bitcoin this time??
Ain't a surprise to see Bitcoin back on track again and this time with no fetters and jinx within view, we can rightly expect that a new ATH that clearly breaches the $5000 psychological level is in the offing. I would however want to take some profit as soon as an ATH above $5000 is made and then scout for a nice valley to jump on board again.
1575  Economy / Speculation / Re: Bitcoin to hit the $30.000 mark before 2020 on: September 28, 2017, 09:33:39 AM
Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

I'd have to say that you have to be pretty optimistic to predict these figures, however i'm not saying that they are impossible at all. In fact John McAfee said that bitcoin will be worth around $500k by around the same timeframe.

And it's not just Japan adopting, it's also Australia and they are a big economy. Plus, halving is on that year as well making the pump more likely.

Though, i think that maybe half that price is more likely. $15k per coin is a good prediction for 2020, but $30k is a bit of a stretch.
The value of Bitcoin is simply driven by demand and supply and no one would have thought over $4000 per Bitcoin was realizable a few years back, but here we are today with $5000 just in view. Given the exquisite and unprecedented attributes Bitcoin have brought to play in the financial sector, we can only expect that the demand for and adoption of Bitcoin would continue to soar and since price is hinged on that, then these projections are just a matter of time!
1576  Bitcoin / Bitcoin Discussion / Re: "Japan Considers Launching J-Coin, Eliminating Cash Before Tokyo 2020 Games" on: September 27, 2017, 11:29:47 PM
My assumption is after launching the Jcoin the stages of phasing out the Yen was already in place. The Yen will not be replaced by digital currency until the last person is still using it. I once watched a documentary about a train, to be phased out in Japan, but one passenger student is still using that train to be able to go to school. They did not phase out the train, until the student graduated and it takes several years.

Jcoin will not replace Yen, they've said that, and it will be used next to to Yen. It will be 1:1 ratio as you can see it. It's not their goal to replace Yen.
Looks like Japanese legalization of Bitcoin is making us to lose it! The fact remains that, no government would be comfortable with a currency it cannot fully control and it should be obvious that this move is only to translate Yen to digital money - J-coin, not a cryptocurrency and hence the 1:1 ratio. Bitcoin with blockchain serves as specimen or better still guinea pig. What are you guys thinking, Japanese legalization might well be a subtle move to master blockchain  so they would be able to tame it.
1577  Bitcoin / Bitcoin Discussion / Re: One more critic for Bitcoin. on: September 27, 2017, 08:51:32 PM
Morning Folks,
It's more of ridiculous when someone just pulls up a subject and without knowing anything, starts shouting that "This is nothing, this is a fraud!"
You must be aware of the comments passed by JP Morgan's CEO Jamie Dimon that "Bitcoin is a fraud".
Now, to mention here, someone called as "Wolf of Wall Street" and a former stockbroker Jordan Belfort, going with the flow, added that "He (Jamie) is right, I don't think Bitcoin is a great model."

Well, the more negativity they will spread, the more Bitcoin will surpass huge levels of success by slapping their faces with positive values.

TBH, I would like to ask these people that "WHO THE FUCK HAS ASKED YOU GUYS FOR YOUR OPINION HERE?"

They don't think it is a good model, they don't think it will end well, but they all are investing in it. Come to think of It, we are better off without these guys. They manipulate markets, make money and then bring everything crashing down.
It's vivid enough to see why they feel the way they do! Bitcoin is not and will never be a great model for manipulating the market, a tool for making only a few, stupendously rich while many end up with huge and inexplicable debts the rest of their lives.

Seriously, no real bitcoiner needs these late comers ideas about Bitcoin, except for the ones that do not even understand their place with Bitcoin in the first place.
1578  Alternate cryptocurrencies / Altcoin Discussion / Re: Next bitcoin hard fork on: September 27, 2017, 08:00:59 PM
To me, Bitcoin gold seems insignificant. Especially after looking at the state of Bitcoin cash

What is wrong with Bitcoin Cash? It is not even 2 months old, and yet it is having a market cap of close to $8 billion. Which other altcoin can boast of such a large market cap in a very short duration? And the best thing about BCH is that it didn't negatively affected the BTC market cap.
[/b]Exactly, it didn't affect Bitcoin market negatively because it was a distraction and unnecessary else it ought to have taken Bitcoin to the cleaners! In the same vein, Bitcoin gold is only a distraction and greed of its promoters to line up their pockets with what they were unable to do with Bitcoin. Won't be surprised if after a few years, we would have had a thousand and one Bitcoin hard forks. At any rate, Bitcoin core remains the one and only legitimate Bitcoin and would continue to wax even stronger.
1579  Alternate cryptocurrencies / Speculation (Altcoins) / Re: is it better to invest in bitcoin or ethereum ? on: September 27, 2017, 07:14:13 PM

At present, I prefer to invest in Ethereum rather than Bitcoin. Why? Because Ethereum is much cheaper compared to Bitcoin. Take a look, http://coincap.io/
If your choice of which coin is best to invest is based solely on which of them that comes cheaper, then I can say, is watch out!
If the projection of Bitcoin is anything to go by, then we are still at the threshold price, perhaps in a few years from now, some people would start to realize how cheap it would have been if they had bought now.
 
I might choose bitcoin rather than ethereum for long-term investments. but maybe eth will follow the btc rise as well.
Ethhereum values ​​clearly follow the bitcoin, because the parent bitcoin of all altcoins. So the tides depend on bitcoin, I think it's better to invest bitcoin in the long run, because bitcoin is very beneficial for its users.
That is right, Ether as well as other altcoins are merely ridding on the wings of Bitcoin. On their own, they are yet to whether any of the storms Bitcoin have had to stand up to in its 9 years of existence, so it is presumptuous to place any of them on same pedestal as Bitcoin, instead each should be viewed on their peculiar strength. To that effect, Ether now also have some tokens built around it, so it has also become a lifeline for other coins, as such would continue to attract healthy demand.
1580  Bitcoin / Bitcoin Discussion / Re: Bitcoin has no role in real world on: September 27, 2017, 05:13:13 PM
I'm dismayed at how most people here go by btc price and their ability to purchase using btc.That's it. It proves that btc has a role in real world?

I asked whether it is currency or an asset.No one cared to answer. I asked about dispute resolution in case the real-world delivery of value (goods/services) don't meet the promised quality. I asked about providing visibility to government instead of being at war with govt.

No one, not a single soul cared for thinking about the above. All they think about is the current btc price. Awesome.
From the tone of your your language, you're almost paranoid with Bitcoin and the people who have embraced  it, perhaps because you missed the early morning train! That's however no reason to start brewing a storm in a tea cup, because all you have allured in this thread are bunkum. You know any answer you seek about Bitcoin is right in front of you, if only you can clear your head of misconceptions and misgivings. At the end of the day, Bitcoin and cryptocurrency cannot be for everybody and if you happen to be one of those that see nothing good in Bitcoin, it's ok, just look the other way!
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