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1701  Economy / Economics / Re: Crypto Taxation on: February 16, 2020, 03:59:16 AM
Goverments are always in search for money, specially free money so they use every opportunity to get to them and cryptocurrency makes no exception. It is sad the fact that even păaing taxes for crypto it is somehow considered iligal.

I think that is good since if they taxed Bitcoin they will be thrown to jail if that is what you're saying.

I think what you are saying about the government is illegal since taxes should only be used in the country and to support the other two powers of the state. If they are using it for their own good, obviously you can report them. We are still in the time when Bitcoin and cryptocurrencies can't be directly taxed, they might or might not, more importantly, right now it is not taxable.
1702  Economy / Economics / Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire on: February 16, 2020, 02:47:06 AM
We need to find a way to make some money not to be slave by it.
Don't blame the government if others could do it then why can't you?

Why can't we blame them? They are taking advantage of the position they are in. They want to save themselves not save the country they are in. You can't expect someone to just be good with the money they are earning since in the first place, they are being paid well and the government is just not improving that the reason people here are forced to go to other countries to find a job a good salary.

Do you hear yourself?

There are a lot of people that are taking advantage of the services of the government. If the people will not be making a move to redeem themselves and just stay roght there then they deserve to be poor. There are a lot of ways to earn money, to have a job, to start a career, all of that starts at you.
1703  Economy / Trading Discussion / Re: Random coin picks experiment on: February 16, 2020, 01:19:50 AM
And yes, I will invest only what I can afford to lose. That's rule #1 for me because crypto is unpredictable.

You should also consider putting your money into popular coins.

I know this is normal but there are some investors that go with newer coins since the chance of getting a high profit is there. Also, it might counter your real objective of picking random investments but still, just to be on the safe side with your capital. Maybe you could pick randomly on these popular or common coins like Bitcoin, Ethereum, XRP, BCH or BSV.
1704  Economy / Trading Discussion / Re: Own Diligence is recommendable before engange in any Crypto investment on: February 15, 2020, 01:02:46 PM
I think the knowledge before investing.

You never know but there are a lot of cryptocurrencies out there you can invest in and you will never be able to identify that easily what is a scam and what is not. You also don't know what of those cryptocurrencies will give you a good profit in the future, that is a hard decision so better gather information about that crypto and also know what is a legitimate project and what is not.
1705  Economy / Gambling discussion / Re: 2019 Philippine Basketball Association betting discussion on: February 15, 2020, 12:06:24 PM
SMB is a powerhouse team but people think that they are more successful because of June Mar Fajardo, not they have to prove that they are not only relying on June Mar to win. if you remember their historic run in the past where they are down 0-3 against Alaska, but when Fajardo came back to play, SMB win the Finals with a series score of 4-3, so that alone would say how big Fajardo's contribution to the team.

That is the reason I think they will be having a hard time.

As I said, their team is good with someone that can dominate the area below the ring. Fajardo is one of those players that dominate that position in this league, I hope SMB can hold on without him. As you said Fajardo is the reason for that legendary run, and no one would ever forget that, that is just amazing.
1706  Economy / Gambling discussion / Re: 2019 Philippine Basketball Association betting discussion on: February 15, 2020, 11:45:36 AM
They'll go small ball then they will be faster and they can do that for sure as they have great shooters and great PG who can handle the ball and make good plays at the same time.

I think they are inspired with the current Rockets strategy int he NBA. Grin

I think they will be having a hard time.

They have good players and I think they would dominate attacking the basket than shooting outside. They have Arwind that is good with it, Romeo can handle the ball. They also have other teams that can give them points, and I hope Fajardo can recover quickly. Another thing is that as far as I know, each team has their extra players that can fill that position.
1707  Economy / Gambling discussion / Re: What are your recommended ways of gambling. on: February 15, 2020, 10:37:28 AM
In terms of helping, there is a lot.

But the most helpful of them all is that you should never, ever gamble when you can't afford it, the same as investing. Gambling will never ensure your profit nor your future's success. Some might found their break in gambling but not all of us will be the same. It is a high risk high return game but doesn't mean it is a high return, we should always take the risk. Prioritize your goals, that is also important.
1708  Bitcoin / Bitcoin Discussion / Re: PEOPLE WILL NEVER STOP FALLING FOR SCAM on: February 15, 2020, 09:14:10 AM
As long as people are wanting to earn, they will still fall to these ploys.

In our country, people left and right is still falling to these scams. I know that they want to earn themselves a profit they deserve but they also need to be aware of it. There are those people that will be taking advantage of their innocent minds in earning money. A scam is so popular in our country that even if it did not include money, people still fall for them. For example, a text will be received saying that their son/daughter is in the hospital and needed a load so that they can call other of his relatives for help. My grandmother fell for that thinking that my father is in the hospital knowing she is just scammed. Scammers are smart, that is why people should be smarter.
1709  Economy / Economics / Re: What will happen if the all countries convert to cryptocurrency? on: February 15, 2020, 06:25:44 AM
The world is truly becoming more cashless and digital. However, this does not mean at all that states can switch to the use of cryptocurrency. No state will ever allow this, and there are serious reasons for this. A cashless society is only possible in ordinary currency and a digitized national stable coin. Cryptocurrency will be able to occupy a certain niche in the financial sector only along with the circulation of the usual currency of states. It can also interact with the currency of states in various forms, and this process is inevitable and has just begun to develop.

Unless each government creates its own cryptocurrency.

This is the only way that I can see that. If the government creates its own cryptocurrency and they are the ones that are controlling it, it will be favorable for them. The future is leading to digital currencies, nowadays I don't think that the government can still support that. What they are studying now is the development of Blockchain technology which I think is the start since it will really develop a lot of things including the banking systems in a country.
1710  Economy / Economics / Re: What will be the affect of Valentine day on Bitcoin Price on: February 15, 2020, 05:29:34 AM
We are investing in a volatile cryptocurrency and yesterday is not something that would affect the price of Bitcoin.

Despite the changes that happened in the past, it is just a mere coincidence that it happened at that time. Valentine's Day is not the time where whales or big investors buy a lot of BItcoin and there is this certain time that they will be dropping them off. It might be possible but whales don't do things like that, what they are doing now is just changing their wallets every now and then.
1711  Economy / Trading Discussion / Re: Trading for Beginners? on: February 15, 2020, 04:57:28 AM
A training with demo account to get a first experience on how trading works would be really good. Try to find a real time demo trading platform and try to apply different strategies and see which one that would work for you. Then when you start, do so with a small amount, there’s nothing wrong with starting small and getting little profit.


I agree with you because most of new trader always avoid practice using demo account, the effect is the don't know the field and confuse when market goes at the wrong direction. For testing strategy I suggest to join competition, if success we can use it and get prize if fail just fix it. Trading is long journey and need hard work, if you want rich from trading I suggest to leave it because profit is the last goal, fist goal is grow up capital.

Capital is also an important part of investing and trading.

Without a good start or a good capital, the choices you will be having is limited. You might not be able to choose a great investment or asset since you are looking for a specific one, the one that you can afford. As a beginner, better maintain your investments into safe ones rather than being aggressive and pick anything that you see that promises your profits. Most importantly, gain knowledge as you can. As time passes, you will gain experience and after that, I think you don't need other tips than that.
1712  Economy / Trading Discussion / Re: What are the most popular cryptocurrencies for investors? on: February 15, 2020, 04:14:24 AM
Without any doubt Bitcoin is most popular crypto currency but if some one want to invest then we have few other choices as well because currently few altcoins also doing very good job like Ethereum Litecoin BNB TRX and Ripple these are hot coins which are going with good volume and can give some good profit in both ways like if someone going with short term or long term I already done many trades and have some good profit just because of violating happening on daily basis.

Bitcoin is that the hottest cryptocurrency for investors I accept as true with you  it's a really popular currency and reliable. But I prefer investing in Ethereum the foremost  there's no capital to take a position in Bitcoin but I can hopefully get BTC upfront.

I would also continue to invest in Bitcoin as well.

Despite the dominance of it going down in time now, the price is still something that you could look up to since it is still changing and giving good profits for its investors. Ethereum is also a good one since it is a platform of a lot of other cryptocurrencies so it can give a good profit in the future.
1713  Economy / Gambling discussion / Re: IDEA for a lottery that does not depend on luck on: February 14, 2020, 12:42:34 PM
Good pitch but this is more like a prediction game than a lottery.

Lottery really includes luck, you can't separate those two. I think you want to minimize the risk into this game that is why you are finding a way to remove the game from being luck dependable. If you will stick to predictions, maybe you can just create a puzzle or a question and pick the correct answers to the people who answered correctly. Since you want a 7-day long game, you could just eliminate those who answered wrong and on the last day, the ones who remain wins.
1714  Economy / Gambling discussion / Re: 2020 NBA Season on: February 14, 2020, 11:49:54 AM
Who is watching, Boston vs Clippers went to OT.

it's an entertaining game so far, both teams showing their real offensive power, and hopefully my Celtics would win this game.
117-119, clippers on the lead now.

Tatum is really amazing.

And yeah, Boston Celtics won. It is so amazing until the end and Jason Tatum is just amazing to watch. Every time I see him every game, all I can remember is that past season dunk of his over LeBron James, I will never forget that. Marcus' shots and Tatum's performance really gave an impact tot his game, it is really entertaining.
1715  Economy / Gambling discussion / Re: After losing did you feel you must return the soonest to win back your losses? on: February 14, 2020, 10:53:23 AM
I think that is the same with other gamblers.

When I lose I feel something that I wanted to take that back even though I am not really desperate to win. I can feel that conscience that I should not do that, that I should've spent that to other things, maybe food, so since I did that I regret that I did it. As the chat wheel of Dota2 says, I immediately regret my decision. But as the game went on, that conscience goes weaker and weaker and I just enjoy that game. I only bring money I can lose at that time so I think that is just fine.
1716  Bitcoin / Bitcoin Discussion / Re: Bitcoin moves like Gold? on: February 14, 2020, 10:19:16 AM
The value of bitcoin moves depends on the markets supply and demand. Like gold, its price also moves that way that is why they are more likely have the same movement. But for me, gold is much more stable than bitcoin plus the fact that it is physically present, unlike bitcoin which is digital. Also, we should not forget the factor that gold has a tax while btc doesn't have any.

What he have said is correct. There are a lot of chances they may have the same movement, but then if you look at it, Bitcoin is volatile, not as same as gold which is more stable. They both have their pros and cons, and still, bitcoin and other cryptocurrencies are on their way to be known and be used by many people.

I just hope they are taking this path.

Bitcoin's volatility really is the reason why it will never be the same as Gold. With the fast-changing prices in the cryptocurrency market, Gold will stay at that slow pace and it favors a lot of its investors. As Bitcoin is so risky, Gold is said to be safe by a lot of investors they are even suggesting it to people who wants to invest.
1717  Bitcoin / Bitcoin Discussion / Re: Happy Bitcoin Valentine's Day! on: February 14, 2020, 10:00:29 AM
Happy Valentine to all of you too.

That is so nice though I hope that they will not be thinking that you are wanting to scam them or maybe hack their PCs as they put that codes. BTW, I also hope that they know what it is and willing to use them.
1718  Economy / Exchanges / Re: Your ideal crypto derrivatives exchange: name 5 most important features. on: February 14, 2020, 05:23:32 AM
I think three is enough for me.

Reputation since there are a lot of exchanges nowadays and it is hard to find one that has a great reputation. Low fees since if you really wanted to trade, this is important. And last but not least, the volume.
1719  Economy / Trading Discussion / Re: I fail in trading on: February 14, 2020, 04:14:28 AM
From what I've seen, to be a good trader you have to fail and fail a lot, and that's how you gain experience. Simply listening to the experience of others is not enough.

And you want to fail and fail a lot?

Trading is not the same as the life that when there are a lot of failures, you will be gaining experience. Trading includes your money and if you fail a lot of them then that is a problem. Either you stop trading because of losing a lot of money or go bankrupt which is the worse.
1720  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: February 14, 2020, 02:31:42 AM
This will happen until we enter the maturity stage. Due to the high volatility and manipulation, most companies might distance themselves and only few adopt it. We are going to get past all these hurdles as time unfolds.

That is true.

Companies would be really distancing themselves with cryptocurrencies, not all of them though. As far as I know, there are some companies that pay their employees with Bitcoin and being taxed. It will just circle there I think. In our country, people will be worrying about it since it is labeled as a scam and these scammers are using these cryptocurrencies as an escape route with their ploys. If people are not educated about Bitcoin and other cryptocurrencies, that will continue to happen.
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