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161  Economy / Economics / Re: Europe's new plan: to give more free money to banks on: March 12, 2019, 02:42:48 AM
There is a big reason behind why the UK is leaving the European Union. For me, the reason why the European Bank will print money is that the third world war three is coming. Sooner and later, currencies will go down and the European bank is trying to save some profit because they needed to wage something.

The UK is leaving the union because of one of the biggest things to happen globally and we need to wait for it soon.

It's unlikely for them to declare world war three -- that's just absurd. You know how crazy it would be for you to declare world war at this age? There won't be any survivors if a war ensues due to all the nuclear weapons now. I'm betting the world would be just a bunch of craters once this happens. It won't be just guns and soldiers now. Right now, nuclear technology and weaponry is pretty much advanced.

Funny thing about Brexit is not every one is aware of it happening or the effects of it. The UK probably just wanted to isolate themselves. Then again, it could be a mistake on their part. There were some saying that the citizens had some regrets after voting out of the EU.
162  Economy / Economics / Re: Japan Approves Self-Regulation for Cryptocurrency Industry on: March 11, 2019, 05:31:17 AM
Probably not only Japan, but Japan has a really poor record for self regulation. This could be worse than no regulation at all.
I am not aware about the details on self regulation they are implementing, but what i presume is that, in order to tackle the hacks, inside trading and other things that can happen in this market, these exchanges should work together and implement a system so that the standards are kept intact.

I'm betting they'll be putting up some safeguards for ICO projects along with these regulations. Many are victims of ICOs because of how vulnerable they are. The government is obligated to protect its citizens and should be concerned by how rampant ICO scams are. Along with the regulation should come protection. They should probably implement a licensing system for the exchanges and ICO projects. This way, they are able to monitor and enforce these entities.
163  Economy / Gambling discussion / Re: Thoughts on Video game gambling addiction? on: March 11, 2019, 03:50:19 AM
I don't see the connection between investing in videos games and gambling since this are two totally different things. I have friends who invested a lot of money in video games but never played on a casino in their whole life. I don't think video games is the reason why people start gambling. The real reason it's because they want a quick profit and they need urgent money so they try their luck at casino since this is literally the fastest way someone could increase their money.

Don't you have any friends who first started out gambling with video games then ended up having some serious gambling problems. When you play video games with your friends, don't you sometimes place bets on who would win? Even when you're not playing yourself and you're just hanging with your friends who are playing, its fun to make bets out of the game. It's start out as simple and harmless, a small bet or two.

In my humble opinion, there's no harm to making bets whilst playing video games however this may sometimes form into a bad habit for others. There are some who get addicted to the thrill of gambling and would seek for more and thus would seek for casinos.
164  Economy / Speculation / Re: Do a lot of western governments like bitcoin and dislike banks? on: March 11, 2019, 03:01:03 AM
This is not so simple. Some governments maybe don't like banks very much but they are still depending on them because that is how economy is functioning. Western governments mainly support progress and Bitcoin is that category. They also realize that cryptocurrencies have become inevitable part of society and they should accept it or at least not ban it. But they will never replace fiat with Bitcoin or any other cryptocurrency, that is the truth.

So to speak, governments have been tolerating them. I think governments don't like banks very much because of how they don't have complete control or authority among them. In retrospect, they are able to circumvent the government's clutches in some ways. Also, the government has no choice but to rely on banks.

With regards to regulating crypto, I believe that governments have no choice but to tolerate them as well since they cannot eliminate its presence in the country. Some have chosen to completely ban it to avoid complications of regulating or compliance but others have chosen to impose their own regulations for bitcoin so that they may have some control over its adoption.
165  Bitcoin / Bitcoin Discussion / Re: Kid should start earning bitcoin as young as kindlegarden on: March 11, 2019, 02:40:23 AM
I find posts like these pretty delusional. I mean, there's an appropriate age for everything and children that are still in kindergarten shouldn't have to start earning Bitcoins.
Also, sure there might be things that could be improved upon the current education system, but saying that they should just scrap everything about it is just crazy talk.

Let kids be kids during the first years of their life and don't bother them with stuff like Bitcoin, unless the interest comes from themselves of course.

Teaching kids about technology in general is appropriate in elementary school IMO.

When I was in elementary school, we were taught how to use a computer so I agree with you. Back during my pre-school years, we had a class where we were able to use computers but only for fun. It was one of my favorite classes then because we would just play games in the computer for the whole period. I remember dreading having computer lessons once I've reached elementary and mournfully longed for the time when we were just playing games.

At that time and age, kids would want to play because they don't have a care in the world yet. Try to teach them about money, finance or crypto technology and they'll just mournfully long for play time just as I did once. There's a time and age for lessons such as those should be taught and the primary years is not an appropriate period. OP must have had a miserable childhood to suggest such a thing.
166  Economy / Service Discussion / Re: What do you actually spend your cryptocurrency on? on: March 11, 2019, 01:32:10 AM
There already are some stores who have started accepting cryptocurrencies in the form of their own coin or with BTC.
It is really good to see cryptocurrencies progressing in every field and also buying some commodities with our bitcoins would be a better use of bitcoins.

I have bought some collectibles with my bitcoins until now but I have not really visited any store and made purchase with my cryptocurrency. I would indeed love to do so and I really hope that most of the countries soon start accepting cryptos.

I think in some countries, there are stores readily available to accept crypto as payment. Most are online retailers. There's already a variety to choose from: from VPN services, to pizza or even home goods. If you're really into those kind of services, then I suggest you check out this list.

It's most probable that in the near future, more retail merchant stores will be able to provide crypto as a payment method. They can now take up a terminal to cater to such transactions such as the use of cash app since they've begun the integration of Bitcoin in the early 2018.

IMO, more stores should already start adopting crypto since there will soon be a demand for it. We may not be feeling it now but its only because those who are interested to purchase with bitcoins don't have that much option where to buy.
167  Bitcoin / Bitcoin Discussion / Re: This guy says crypto ruined his life but he spent it on a high risk lifestyle on: March 10, 2019, 12:51:47 PM
This guy acted as a one day millionare. I don't know if I'm gonna believe his stories. Spending all the expensive stuffs, travelling around the world and got wasted. He sure was a noob. Instead of investing with another btc, he spent his money with useless things. He experienced short term happiness with material things. I will not envy this kind of person.

Sounds like a made up story, yes, but did you know that most lottery winners are one day millionares? Many are overwhelmed to handle such a huge amount of money, so they end up mishandling it. For those who are deprived of their wants in life and then suddenly given the access to it one day, they’d choose to fully utilize it the moment they have it in their hands. All senses and need for future investment goes out if the window. As they say, rather than needs being on the top of maslow’s pyramid, it is pleasure which a human would put first.
168  Economy / Gambling discussion / Re: Will an increase in bitcoin price affect the gambling industry on: March 10, 2019, 06:05:55 AM
I guess not. The basis of the bets and gambling is the recent value. The gambler also controls the bets within just their price range. Whether the value increases or decreases, the recent bets would be the same. For example, the bets now have high digits because of lower value, then vice versa.

Even while the value of bets are the same, I think it would still have some effect.

When you play with fiat and the exchange rate for the particular currency you've been using suddenly increases, wouldn't that have an effect on you? For someone who has unlimited disposable money, it may have no difference for them but for someone who knows the effects of price increases then it could probably affect one's gambling habits.

Also, when bitcoin price increases the transaction fee and time is also affected. When this happens, gamblers may get affected as well. Due to high transaction fees or long confirmation time, they may have a hard time playing or betting unless they resort to the use of other currencies.
169  Alternate cryptocurrencies / Altcoin Discussion / Re: What new categories of bounty would you like to see? on: March 10, 2019, 05:20:22 AM
Strange that you're asking which campaign we would like to be added when it should be you who should know where to market your ICO. Anyway, some are already promoting on instagram and linkedin.

Others have Reddit and blogs/Youtube in their bounties as well.

IMO, I think that bounty projects should be more mindful on how to campaign is managed, rather than just adding more categories. What I don't like about some bounty campaigns is how it just generates a lot of noise. Its annoying and the project doesn't get properly promoted anyway. Most become spam because of how bounty hunters are trying to maximize their profit.

I am actually fine with the current platforms, I would rather appreciate if the team can have clear bounty rules from the beginning instead of putting "we reserve the right to change......." and then just insert new rules in the end.

I think it's within their right to be able to change the rules however its unfair when they sometimes abuse it.
170  Economy / Economics / Re: The basis of being a poor- how little or how big? on: March 10, 2019, 05:00:05 AM
Lack of opportunity could be a basis of being poor, it's not hardwok alone can help to be financially stable because if you are deprive with opportunity, you won't be successful. Our life is full of struggle but it can be denied that we are all aiming for financial success as that gives us the freedom to do things we want to do in life, also life is short and everyone has their own talent, let's utilize that for the betterment of ourselves and people surrounds us.

I was poor and strive hard, luckily I found crypto and it helps me transform my life so until now I'm very thankful and I will dedicate the rest of my life to it.

I would agree with you. Some may measure a person's financial standing based on the amount of money they have or the properties they own but personally, the basis is on the privilege a person has. In this society, even while you have enough money but don't have the privilege to spend it on luxuries because of your financial obligations, then you may be labeled as 'poor'. The rich have the privilege of not having to strive day by day to get by, while the poor practically has no choice but to work otherwise they won't have anything to eat. Give a rich person $100 and they could maybe spend it on a meal or fashionable piece of clothing but give that $100 to a 'poor' person and they would probably use it to pay their debt or other financial obligation.
171  Bitcoin / Bitcoin Discussion / Re: Bitcoin Adoption Spreading Fast In The Automotive Industry on: March 08, 2019, 07:23:30 AM
Only rich people will pay in this payment method, most of the people buying cars nowadays are undergoing through banks under loan payments. So it's a nice addition but I doubt that most of the people holding cryptocurrencies will buy cars with their crypto right now. What I would like to see instead is for the car parts aftermarket to accept cryptocurrencies as well as people would likely accept the prices in crypto for the car parts.

Not just rich people but even poor people can also buy a car using a crypto as we all know that most poor people are engage in cryptocurrency . but poor people tend to hodl than spending thier cryptos big time on these kind of stuffs .  but overall this is another good news for us because this event can drive again the adoption  and now its in the car/automotive scene   .  its new to my eyes/ears  anyway   .

How are poor people able to buy cars? How will they have the capacity to do so? I think that your logic is kind of twisted. I don't understand how a poor person will be able to engage in cryptocurrency -- how do they have access to the internet?

Obviously, a service like this will be availed by the rich. This will be an additional option for them should they want to choose convenience.

Having this available for the purchase of car parts will be more convenient and I think more people would be interested in this. Should a service center for cars be put with the option of bitcoin or crypto as payment then many crypto users would be more enthusiastic with this. I think that car industries that cater to the upper class should look into this because it's likely that they'll be the ones who would make these kinds of purchases.
172  Economy / Gambling discussion / Re: Celebrities you probably don't know were(are) aggressive gamblers on: March 08, 2019, 07:09:52 AM
I have always know that Charlie Sheen is a gambler and probably he left his comedy movie two and a half man for gambling because it pays him more. He might be making so much money from it without his wife knowing but come to think of it, 200,000 usd on betting is quite an outrageous amount of money to bet with but I don’t think Charley is broke or recorded broke ever since he left the industry, so the betting must really be paying him better. I want to be like Charlie sheen too.

Didn't Charlie Sheen's reputation get ruined after having addiction problems and then getting sacked from the TV series 'Two and a Half Men'? Whether he's able to make money from gambling, that I'm not so sure of.

It's no surprise to see him among the list of celebrities who's into gambling, or any of the other celebrity for that matter. They do have the capacity to be able to bet and play. What else can you do with all that dough? They're pretty much financially stable enough to be able to spend on useless and unnecessary things. Most celebrities do have ridiculously large houses to spend their money on.
173  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO IS ALIVE AND KICKING on: March 08, 2019, 06:57:56 AM
Yeah, I am aware of the very bad situation on ICOs currently. Just few successful ICOs and most turn to failed and scam projects. This is a strong reason for investors to avoid ICOs. Many investors prefer to buy new coins/tokens on exchanges now. It indicates the decrease in trust to ICO massively. If there are no changes in ICOs, then we may lose ICO forever.   

A lot ICO scam last year and make investor less confident on ICOs. Many good project with good team had affected and not reach the target but i am believe people will more carefull when join in ICOs
This is just one of the many reasons, the main reason really is not the scam, it's the market condition which is still in  bearish mode.
We know there are plenty of scams but we have smarter investors now and they can determine which projects are scam or not and they can also be profitable if only the market is in good condition.

The market does look less friendly, but if indeed the ICO team has expertise and professionals, market conditions are not an obstacle to continue developing. We must realize the market with this situation, the ICO team does have to be more creative to find loopholes in order to be better and better accepted by the market.

Honestly the market isn't friendly when it comes to altcoins. This is why many have been doubtful of investing in altcoins, but there are good coins nonetheless. I think rather than finding ways or loopholes for the coin to be accepted by the market, ICO developers should now come up with a way of being different from other coins. I think this is why the altcoin market has become so saturated now -- almost every coin has almost the same characteristics and purposes. There's hardly any new or unique projects anymore, so why would one be interested in a project which is almost the same as the others?
174  Economy / Services / Re: BITCLOAK BITCOIN MIXER [SIGNATURE CAMPAIGN] [OPEN][Merit ++] on: March 07, 2019, 06:29:44 AM
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175  Economy / Economics / Re: The mentality of an average wannabe investor on: March 07, 2019, 06:21:51 AM
The other things you mentioned also happen in the stock market.  When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale.  Even worse, if they sell at a loss when the stock they own starts to plummet.  The markets are a weird taste of human psychology.

Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle.

It is why for years people have had great success in gauging market/group psychology instead of focusing too much on fundamentals. At the end of the day it doesn't matter if something is the best thing ever, what matters is if people believe that it is. BTC could in time fall victim to this, it is one of the most revolutionary things of our time BUT it could be that long-term enough people don't begin to see this, or that they are disillusioned by what they see in mainstream media.

Well, that's why traders are able to gauge the market and make speculations. People try to learn about bubbles because history just repeats itself. This is also why Bitcoin is continuously being compared to past bubbles such as the tulip bubble etc. because some believe that the same thing will happen all over again.

Instead of being negative, people should just take advantage like how traders are able to. Yes, it may not turn out to be the best thing ever, but you'd still be able to profit from it if you knew how to play your cards right. People give up easily just because the market went bear after the 2017 hype. They become too impatient to profit and quickly lost interest once the price have declined. Those who remained are truly the elite, as OP have said.
176  Economy / Economics / Re: Cryptocurrency companies still can’t open bank accounts on: March 06, 2019, 07:15:58 AM
Seeing how vague cryptocurrency regulations are on some parts of the world, I can see this happening within a mile. Those crypto services that got lucky into securing a bank account and getting financial services for their companies are situated within regions wherein the idea of cryptocurrencies are not frowned upon. If cryptocurrencies gain full support from governments, I am quite sure that banks would follow where the money is. They are just scared of getting screwed up by hacks and loss of profit that's why they aren't taking a bite on cryptocurrency services just yet.

I'd have to agree with you mate. Just check out what has been said in the article:

Quote
Alameda Research CEO Sam Bankman-Fried told Bloomberg that banks would rather deny banking services to cryptocurrency companies as they do not want to get involve in cryptocurrency-related compliance issues.

With how messy the regulations are in relation to crypto, banks have decided to steer clear from the hassle of compliance that comes with crypto. Since that crypto is not yet fully supported by the government, they may encounter problems with authorities. A bank would of course go with wherever there is money and profit. Even while crypto has been gaining revenue, they won't take that risk.
177  Bitcoin / Legal / Re: Transfer of bitcoins, sold as a "service" on: March 05, 2019, 07:03:40 AM
I think you should read your post again and modify it because i cant really understand what is your question.So basically you are paying someone to locate you a seller of bitcoin? I dont see the point of that kind of service since you could directly look for a seller and buy from him.

I would also say or should i say i literally also don't get the idea of this statement of where the heck is the topic going to. what i simply understand is;
"if I am going to buy drugs or any goods in the internet and then i will use bitcoin as the payment, will it be consider as legitimate transaction over person to person not knowing their real identity? and will i be trace if i put my location on transaction history (virtual receipt)"? is the topic simply goes like this?

I'll comeback to this thread if it goes like that.



No, I think his question is whether the service itself is legal if it's done thru a third party.

Technically it is legal for the service provider to give you the said located product or bitcoin. I believe there are already platforms that provide the same service. There's no harm in that. But, from what I see, the question lies on whether Bitcoin is legal at your jurisdiction. To answer OP's question, even if you were to pay the service and not the bitcoin in question, it won't justify the transaction if bitcoin were illegal. If you were to buy drugs from a third party, wouldn't it be the same thing? Even while you pay a person for the buying (the service), the drugs itself makes it an illegal transaction.
178  Bitcoin / Bitcoin Discussion / Re: Bitcoin Terrifies Banks: Hypocritical JP Morgan is Blacklisting Crypto Firms on: March 05, 2019, 04:11:03 AM
Well the coin they're creating is hardly a cryptocurrency. It's going to be controlled and centralized, so this isn't very hypocritical on their part. They basically want all the perceived benefits while still being in control.

As for being terrified, I find it more likely that they're terrified of the overhead, which this guy concurs with:

Quote
“It’s not illegal for big banks to bank the crypto industry, but it’s a massive compliance headache that they don’t want to put the resources in to solve.’’ – Sam Bankman-Fried, CEO of Alameda Research.

Either way, let them lose out on business if they want. Lots of people here seem to hate banks and at the same time want them to give in to their whims lol.

Even while they have to deal with compliance, I still leaning towards them being scared of crypto thus their negative reaction to it. They may be corporate giants but crypto may still be a threat to them. Surely they're not stupid and can see the potential of crypto technology. That is why they have created their own coin despite being against crypto.

As said in the article:

Quote
BANKS ARE TERRIFIED (AND CLUELESS) ABOUT BITCOIN
Wall Street continues to blame “money-laundering” on its refusal to bank crypto businesses.

This is rich considering Wall Street launders more drug money than bitcoin. JP Morgan was fined $1.6 million for its failure to stamp out money laundering. And Deutsche Bank was recently complicit in $10 billion worth of money-laundering.

Looks like they've been trying to divert attention by espousing negativity on crypto so they may redirect the blame.
179  Alternate cryptocurrencies / Altcoin Discussion / Re: A Smartphone to Earn its Owner € 250 Worth of Crypto Monthly on: March 04, 2019, 08:10:05 AM
This is unfortunately not possible in today's technologies. The batteries of the phones we use may not handle this load. Future improvements may perhaps work in about it.

I think phones of today will be able to withstand it. Some people are able to leave their phones on for most of the day (e.g. grab drivers who are reliant on waze hence they keep their phone charged while using it)... but I'm not so sure if it's possible to be used 24/7 and for all models of phones. Samsung and Apple may have batteries that overheat. Samsung has a mechanism which does not allow you to use your phone once it overheats (probably due to the galaxy note 7 incident).

I'd say this has been a great step towards technology, one that many have been anticipating to be possible. Back in the day, mining can be done with a singular device but now you'd need a number of GPUs. Perhaps further enhancement will enhance this.
180  Economy / Gambling discussion / Re: Why do people but bigger bets in sports compared to other type of gambling? on: March 04, 2019, 07:17:51 AM
Sports is one of favorite option in gambling. People bet much on it because sports betting is easier, sometimes predictable although sports are risky because some unexpected also happens. Anyway, I don't gamble too mych. Only bet on some of the sports and the amount is not a bigger one.
I'm also confident on betting bigger amount in sports betting compared to other form of gambling.
I love sports and this type of gambling is fit to me, I can analyze the games and I believe I can come up with a better result, also I have a feeling
that when I focus on this than other games, I can improve and will have a better winning rate in the long run.

In sports betting, many people are confident that they will pick the right and strong team. They think that their chosen team has a greater chances of wining and due to this confidence they bet big in sports betting. Although in few cases, the win is almost certain but still precaution must be taken as we never know of the strong team might lose on a certain day and we lose all our money because we bet high on the favorite team which fails to win.

Yes, well if you're pretty familiar with how the game works and how good the players are then there's a pretty good chance for you to win. You can have some confidence with the team you bet on if you know them to be good. A number of factors can contribute to a win - the game strategy, good players, good coach etc. Whereas in gambling it's all based on luck. No familiarity on the machine or the game will benefit you whatsoever. Obviously, you'd put more dough where you have a higher chance of winning among the two -- which is sports. (I'm not saying it's a guarantee)
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