I thought this was a dead interesting post on an area which is hardly ever picked up on. In essence it's comparing the amount of actual trading time between crypto and conventional markets. It's easy to forget when we're mired in a 24/7 global market, the old school ones are largely national and operate only during a limited number of business hours which is incomprehensible to yer average moonkid. https://www.reddit.com/r/BitcoinMarkets/comments/8e5z5u/this_was_never_even_a_real_longterm_bear_market/dxsqqc2/"The NYSE is open 6.5 hours per day for 252 days per year, yielding 1,638 hours of trading time annually. Crypto markets are open 24/7/365, yielding 8,760 hours of trading time annually. 1 year of crypto trading = 5.3 years of NYSE trading 1 month of crypto trading = 5.3 months of NYSE trading 1 week of crypto trading = 5.3 weeks of NYSE trading" Do you reckon this means applying this formula can yield previously unnoticed parallels or makes comparing them even sillier than before? Your analysis is all right but not totally correct. The reason is that you are comparing the crytpo market assuming that everybody is active on the market 24/7 which is not possible against just one market which is the NewYork Stock Exchange. New York stock exchange market might be open for that 6.5 hours but another stock market in another part of the world is opening at the time when NewYork is closing while another one is closing at the time New York is opening. Yes bitcoin market is 24 hours but the 24 hours is not available for everybody you do your working hours and when its time to sleep, you go to bed. Even on the forum here, there are some hours that would be uniform for down activities that could be interpreted to be the closing time. While it would be uninformed to compared the two, it would also be wrong to give one superiority over the other based on comparing global activities against one state activity. |
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The day is still young over here while it could be younger in some other places. The price currently is above $8900 which means that chances are high that the $9k barrier might be broken today and my agreement is not just some wishful thinking but because alts also have been witnessing some huge appreciation in recent times. However, touching $9k dollar today is not what matters but maintaining the fort today and tomorrow because every benchmark witnessed in this new era of recovery is not strong enough to bank on in my opinion in that, the market is fragile at this point and anything could make every recovery come crumbling that will necessitate another long period of wait. bitcoin almost hit 9k its on $8,970 - 8940 $ level i think it will hit 9500 $ this coming 2 days its growing slowly
The price is slowly pumping now and $9k is easy to achieve right now. The bull market will be seen again and many investors will come again, I just hope that they will not exit the market easily. Just a little push to break that $9k mark, and this will climb up to $10k for next week maybe. The bitcoin market is getting stronger everyday as a good that that we are now back in business. Let's hope that we can make a good rally to push the price higher. |
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If I am to choose, I would choose currency because even though bitcoin has some characteristics of a commodity a larger percentage still tends towards currency. This is evidenced in any of the scenerios
1. One function of a currency would be as a medium of exchange which is something we all agree that bitcoin has satisfied that even though its not a legal tender, its being accepted as currency of exchange in a global market place. Exchange sites, peer to peer sites, the forum here, some utility sites that accepts as payments etc.
2. Another function of currency is being used as a store of value which bitcoin has proven to be on a large percentage( not totally) this is evidenced on how the price has increase significantly from what it is the previous year to what we have now. In all my vote is for currency.
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Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
Its not only Europe that wants to know everything about you. Your own country, your employer, your parents, your siblings and even your spouse. All of them want to know everything about you down to what you wear, the onus now falls on you on the amount of information that you can part away with any of the categories without hurting yourself because the sacred fact is that the ones who has the most information about you have the highest chance to hurt you the most. Governments all over the world are bent on doing this and that is what one major reason they are against bitcoin and blockchain. The simple truth is that they could not do it through the backdoor, so they are coming out to say their mind on what is going on because if they had been able to do it, we wont have any of the noise about KYCs. Exchange sites also will be forced to fall in line or else they close shop which an entrepreneur would not consider. The way out if you are not comfortable in what they are asking, move to something else. |
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I always saw those announcement which are posted using official announcement thread. not only look more professional but will always attract more users.. announcement threads with random hero members is not helper anymore since Forum launched Premium memberships for newbies to show images now.
You are correct though but it still does not remove the intrinsic value that higher rank announcing actually entails. And for the service he is offering, if he can be objective about it, I see him building a reputation around that. Just like how we have some campaign managers, whose their enlistment attract legitimacy also DT members whose reviews carries weight the same way of he reviews honestly before joining a project, he can make a name for himself and that service is something that people wants because while everyone agrees that there is need for due diligence before investing in any ICO, majority are still lazy to do that due diligence and if someone is coming with such service with trust, I think its a good start. |
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https://dailyhodl.com/2018/04/19/binance-announces-fiat-to-crypto-trading-pairs-in-a-move-that-could-shift-reliance-away-from-bitcoin/From daily hodl Binance Announces Fiat-to-Crypto Trading Pairs in a Move That Could Shift Reliance Away from Bitcoin
Cryptocurrency exchange leader Binance says it’s working on fiat-to-crypto features that could have a major impact on the market’s reliance on Bitcoin.
Now that it’s moving to Malta, the company says it’s talking with banks on the small island nation and expects to close a deal that will allow it to accept fiat deposits and withdrawals.
If that happens it will be long waited moment for altcoiners. I don't believe it will have any negative impact on btc price, as there is already a eth fiat pair. What do you think? From the way I see this, its going to affect bitcoin price in the long run because now, I have been noticing that when there is an increase in the price of crypto, it does not just affect bitcoin but all of the major alt coins we have there(although in different percentages) and the reason is because, you don't get to buy an alt without getting bitcoin but with this coming on board it means that you get to trade directly rather than first going through bitcoin this will make affect things as binance can launch their own coin, publicise it, getting people to invest in it, without even adding some premium to the popularity of bitcoin. |
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The good news is that they are atleast going to refund the money in rupees which I suppose would be a great relief for their customers. They are also giving a bounty of 10% of the hacked funds, if someone is able to recover the hacker money. Hope the police are doing a deep background check on the employees and the owners of this company to identify who stole the money.
Until when that happen, then its no point to give hope to when there is none. Reading their latest update as on the 18th, there is no way its said there on whether they have recovered the amount stolen neither did they give a time line to when the withdrawal will be available. All I see there was just some hiding behind legal connotations and to me its just damage control to ensure that the panic subsidies. Its unfortunate that people's trust is being betrayed like this by custodians of bitcoin whether its their fault or not, its their responsibility and not this time when the government is just cracking down this will give validity to their actions and would discourage more users especially newcomers the reason not to trust again. |
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Reading through the article gave me an understanding of what I have been ignorant about before on this gold issue being the bedrock of currency. There was this movie I watched in the past that was directed at moving gold from the community thereby making their currency worthless. But why on heart would a country go ahead and put its own gold in the custodian of another country?
The significance of this decision would make a lot in increasing the value of Turkey's currency but I don't see so much effect on the dollar because first is that they are at number 11th largest owner, they own 591 tons compared to US holding above 8000 couple with the cushioning effect that would have been put in play by the managers of the economy of the United States.
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According to a recent publication from bitcoin.com, Kali Digital Eco-Systems, the company behind the upcoming crypto currency exchange "Coin Recoil", has appealed to the High Court in Delhi against the recent crackdown on banks providing services to bitcoin related companies by the Reserve Bank of India (RBI). It argues that the ban is unconstitutional on two main grounds. Article 19 of the Constitution of India guarantees citizens’ rights to carry on any occupation, trade or business. But by preventing exchanges’ access to baking services the government is in affect preventing people from engaging in the business of their choice. Article 14 prohibits discrimination based on arbitrary and unreasonable classification. The petition explains that the RBI did not provide a clear definition of what constitutes ‘virtual currency’ and that this ambiguity dilutes any reasonability in what may be alleged as a classification. I say, at least someone has the guts to do it! So if you see the change, be the change and sign this online petition for a better India! Sign here: https://www.change.org/p/rbi-make-india-at-the-forefront-of-blockchain-applications-revolutionNews source: https://news.bitcoin.com/indian-exchange-takes-central-bank-to-court-over-bank-ban/They actually have a point based on the section of the constitution they quote but there is no need to be joyous over it because the real outcome to be joyous over is a matter of interpretation by the people who would likely not be youths, but who have done things the same way for ages for decades and if they make decision that is in favor of crypto, its going to be a great embarrassment to the government. The same constitution that guarantees freedom of association, freedom of movement also stops anyone from joining groups against the state, also stop individual from walking into government facilities without authorisation despite the freedom of movement. The point is, its a matter of interpretation and what they should have done is to ask for an injunction pending the determination of the suit then stall as much as possible in other to have the population to influence the decision. |
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starting from wanting to try a way but actually very wrong and fatal, is there any way to release Red trust from my account, if there is no way to release it then I will accept it  Went ahead to read the reputation but you cheat which is something so serious here and the individual who gave the feedback is someone who doesn't do that without some real evidence. My advice, you don't need to have open the thread because its a personal matter that only him can remove when he feels that you have really change and proving that is not going to be easy. Be ready. I have seen people open thread to talk about their negative trust and instead to get it removed, they got increasing one which makes it much more difficult to resolve. In this case, rather than convincing @ThePharmacist alone, you have to battle with convincing others. |
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How much did they cost you to use?
Also, how long was the password you used and how much difd you remember about it for it to be recovered within 2 hours.
According to the website, they take 10% of the amount in the wallet. Cheaper than the 20% taken by Dave from the Wallet Recovery Services. He already has the reputation however. I would rather pay 20% to someone who has the reputation than to because 10% reduction risk trusting a site that is rarely known in the the crypto space. Just like the service @lLoyCv is offering on the forum about claiming of forks, I would rather trust him than a random dude. I actually doubt if some thing like this exist until now as my understanding is the moment your password is lost and without your recovery key, its lost forever. But again, for Electrum users when one forgets password from my readings ( I stand to be corrected though) all that is needed is to restart with your private key then choose sweep or some other wallet with such options and that settles it. |
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There are actually several reasons though, all over the world where humans are, everybody believes that hardworking in other to make money is a noble thing to do and that is a default social code everyone must abide to. But for gambling, its more like someone not doing anything expect his $5 to turn to $10 which is an insult to the majority of others that have to work several hours to be able to turn the $5 to $10 in addition of how it will surely leave one party in a disadvantageous position which does not happen in the case of work.
Another factor is because, virtually in all family is where you have someone whose is so unfortunate that lost everything he got through gambling and no right thinking parent would want to advise his ward to have engage in that. But with several reason why its not, the quest to outshine the other, pursue more money with lesser effort tendencies in human continues to make the vice a lucrative one all over the world.
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Can we please leave bcash alone for satoshi's sake? (no, I don't mean that fuckface Craig) Bcash is just a testnet to see bitcoin's potential weaknesses. Just like Litecoin is bitcoin's testnet before the huge protocol upgrades. If bcash kills bitcoin somehow, damn then It very well deserves the #1 spot. Let them attack with everything they got. DDOS'ing nodes, spreading FUD&Lies whatever. Everybody with a half functioning brain can see what's happening.
Let's focus on Bitcoin's price. Where are we going at now? Moon? $100k? Give me some good news!
By talking about bcash will continue make it relevant and those who think they are attacking are actually promoting it. From now till the future the battle cannot finish because its based on ideology as opposed to profit which profit which could easily be eroded when there is another avenue to make more money. Sides have been taken already and no matter of talks can change that, what would be the deciding factor would be time. Moon? Its not time yet while a lot of people are always quick to talk about the moon as if its just around the corner. Price will increase and fall there is no point giving false hope over something that could drop in the next hour. |
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Hello guys! I am new to this forum, I started using it just after the merit system was implemented, so I was one of the "lucky" ones as I got zero merit for free. I was active in Reddit for some time but when I discovered this forum, I became addicted to it and I really enjoyed the merit system. A merit differs from a Like (facebook) or an Upvote (Reddit), because sMerits are not free, you have to earn them to be able to give. So only really good posts get merited. Anyway, I decided that I wanted to become a Full Member, and for that I needed 100 merit. That was pretty of a challenge. I made a deadline: I would like to get 100 merit before 120 activity. I didn't expect, but I got 100 merit much faster than that!! I am truly interested in cryptocurrencies. I like it's technology, I like to use it as a payment method and I really enjoy it as an investment. I think my love for Bitcoin and crypto made this path easier. I want to share some of my thoughts about the merit system with some other people who like me love cryptos and are walking this arduous (but rewarding) path towards higher forums ranks: So be patient, write good content, help others. Merits will come slowly, one by one, but exponentially! If you post good content, you will get the merits you need. Next objective: 250 merits!! (i hate this activity system!! lol)This is the spirit I love, which others agree to have flooded you with merits and I will be joining them soon. Your advise is nothing short of what I earlier advised. Complainers about the merit system are just not doing something right. When someone complains about not getting enough merit or how the system is targeted towards some set of people, I visit the thread to see if the claim is justified but unfortunately, a lot of them don't even worth a fraction of 1 merit. This is a lesson for everyone in the above category that the community is not perfect, but the we also human beings that appreciate hardwork when someone is giving and even though its not coming, someone will definitely spot it at some point. |
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BTC Is Bitcoin too complicated for ordinary folks? Why everyone is panicking but we know to ourselves that we are on its early stage. Bitcoin is like the Internet in the 1980s. This technology’s going to work. It’s going to be game-changing, but it’s very early days so we can have this massive volatility. Bitcoin market has already hit bottom for 2018 and that there’s nothing but upside from here on out.
Amazing how people suddenly realize they don’t own their data on Facebook. Let’s see how they react when they find out they dont own the money in their bank accounts either. Even institutional investors and market wizards are investing on it already.
FB PAGE:@selflovesistersloveandmoney
The reason why some people fall in the category you listed above is because of lack of knowledge and nothing kills faster than that. It might not be a natural death, but any knowledge that could be financial freedom or give an advantage over others ignored, amount to death in that regard. For me, and a whole lot of others that are more subtle with the situation of things, we did not develop thick skin by default but constant acquisition of knowledge on the subject matter. I was on LinkedIn not too long ago where I read conversation that relates to bitcoin but what surprises me, was a platform that could be adjudged to be a gathering of professionals, people could make some conclusions without even taking their time to understand to find out whether their believe is even valid or not. Hopefully, they can wake up and realize the potentials before its too late. |
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‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum.
What do you think about it?
You see all of this attachment of bitcoin price to certain events in certain countries are mere speculations and if it happen as predicted, then its just mere coincidence and not the determining factor. I have read some where on the forum and even made comment where a certain individual had predicted in the days to April 17 that the price of the entire crypto is expected to fall further because of the tax day as lot of people will be selling their cyptos in other to meet their various obligations. I argued against it and its happening now that instead of price to have fallen as predicted, its the reverse and I am now seeing another one again making assumption that tax day is causing the price to increase. |
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The rulers and managers of the economies of this world are good at one thing which is breaking new records and this is another one to be joyous about. It is not also not an informed choice to blame the leaders alone because in most societies, its always because of the people that this money are being borrowed. Over here, citizens complained of no good roads, electricity, hospitals but they cannot cough out all the needed funds in terms of taxes and government would be insensitive to tax citizens such huge amount. Any government that tries that, wont win during the next election so they are left with no other choice than to borrow, and when they do that and we have to incur debt for the upcoming generations, same people will clamor on what the money borrowed is being used for. Now to bitcoin, I still don't see how bitcoin would come to save the day in this kind of situation because its not free money, so also does not mean that to perform all of the functions above, they won't borrow, neither will they tax their citizens to death or because of that the citizens stop asking for more, its still going to be the same situation all over again. |
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Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency. "I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller. "To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value. The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency) A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said. Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month. Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?  For thoughts like this, the only explanation would be based on perception and there are some valid assumptions made here but one thing I have come to know is that aside from the Tulip Mania in the 17th Century that he made reference to, since I was not there and haven't read any literature on it, I have not seen any ponzi scheme that have survived for a decade and covered the amount of grounds that bitcoin covered in such short time. The most successful of them have been the one that spends one year while others crashed in a matter of months. On the issue of psychological experiment, I think that he was ill advised because he focused on only the currency part of bitcoin without considering technology behind it which is real and not a figment of imaginations this has been attested to be one of the best invention in the 21st century. I have even read about PWC opening a new line of audit based on blockchain and they already have clients in that field. |
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This is why some businesses do not use bitcoin as a direct payment method but use a third party like bitpay. Bitcoin is still very young and takes a long time to become a mature currency. Volatility is also an issue that is always lifted by the media to frighten people to not go into bitcoin however some people especially those who do trade think volatility is good because it can make them rich in a short time, so is it prevent adoption? I'm not sure.
Acctually, volatility happen on fiat money too. The different thing is fiat money fluctuation can controlled by central banks and bitcoin fluctuation no one can control because using decentralize system. Indeed bitcoin is young currency and its takes time to make people knowing more about bitcoin as currency The bolded part is spot on and that is what people are not realizing but at the same time the regulation boost the confidence of people in fiat for them to use as medium of exchange the moment that is being eroded, there is nothing to be done again. In the case of bitcoin, both period of volatility and stability have their own advantage and disadvantages what matters are the players in the market. For me, I would prefer this moment of volatility than a stable period because while the risk is high, so also the opportunity to make profit is also high and I am ready to take it. However, the accumulation of all of those who are enjoying this period is not compared to the players that would come in when the volatility is not there any longer because multinationals with huge funds can then come in. Imagine Bill Gates being rich into bitcoin, now lets compare it with Microsoft coming into bitcoin itself because of trust. Its then safe to say we should pursue the happiness of many as against the few that we have now and yes volatility is stopping adoption. |
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The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.
We all talk about the potential on how blockchain can feature in all of human endeavors which is all good but the issue in actual sense is how is it going to be done. Firstly, we don't have a social media as popular as Facebook that is based on the blockchain neither have I even seen any one being built. Secondly, the fact is what happen is not about losing faith in Facebook but about not even putting data on any social media which means there would be a need for re-orientation to convince people to be willing to share their info on social media then a further convincing that the blockchain is safer than other platforms. That is what I don't see happening anytime soon. |
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