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1761  Bitcoin / Bitcoin Discussion / Re: Small fortune, now which country ? on: May 29, 2017, 08:14:14 AM
No doubt about it: Canary Islands! https://en.wikipedia.org/wiki/Canary_Islands



- Good weather all year due to microclimates.
- It belongs to the European Union: great stability and safety.
- Very cheap flights to and from Spain for residents: you can go on holidays to the Balear Islands (Mallorca, Ibiza...), Barcelona, Seville, etc. for a good price.
- Very touristic, there live lots of foreigners (British, French, German, American...).
- Special tax system.
- Great natural, cultural, leisure and gastronomic offer.

Take a look at it, it deserves a little research  Roll Eyes

Edit: at least, it would be my choice if I was economically independent.


I posted here about Canada, but I agree with you. Canary Islands and Spain in general would be a good choice. One of my friends spends couple of months each year in Barcelona and I always hear only good things about the place.

It's interesting to hear from the OP what he has chosen finally. Smiley
1762  Economy / Economics / Re: panic selling on: May 29, 2017, 08:02:49 AM
I feel that this is two days ago where bitcoin had an unreasonable increase and then experienced a very sharp decline. I was panicked because I bought at a high price, but bitcoin instead ran in the opposite direction. But I do not sell everything, mostly I still hope bitcoin will rise again.
Not only bitcoin, other altcoins also faced with the same situation and the prices decreased significantly. The reason is mainly caused by panic sellers who can not hold their coin for a long period and rather to earn a small profit than a big profit

Which pretty much proves that people who have been pouring their cash into altcoins recently are mostly the same people that were heavily investing in Bitcoin previously. If these were two different and independent of each other groups of people, we wouldn't see the correlation between altcoins on the one side and Bitcoin on the other being close to 1. This is contrary to what many folks here have been claiming

I've been closely watching Bitcoin and Litecoin last days, and Litecoin price moves follow Bitcoin's with perfect precision



I think it should be like that if the price of Litecoin, or any other altcoin, is not changing in relation to BTC. In that case when bitcoin price moves in either direction the price of an altcoin moves the same. IMO we would see this correlation even if there were no trading with altcoins at all.
1763  Economy / Services / Re: [FULL] Ⓣ Ⓣ Ⓣ Torcoin Signature Campaign Ⓣ Ⓣ Ⓣ on: May 29, 2017, 07:19:15 AM
~Payments have been sent to the addresses provided!

Everyone is automatically rolled in, if you don't want to roll in again please notify me so I can open free spots Smiley

Vaccinus, olubams, just_alice and HatakeKakashi please provide me your BTC addresses so I can send you payments.
Just_Alice please provide your TOR address.


Hello, iluvbitcoins! Smiley

Bitcoin address: 1F2pdAU5ozqadh1Qwro4cCHp47AEnrWFZJ

Tor address: TLjPnTb4BHjBakgNBR2v3FHJ2dGTD6r4NS


Thank you! Amazing to be a part of this awesome campaign. Smiley
1764  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is BTC's high fees one reason why people trade with other coin "bases"? on: May 28, 2017, 02:34:20 PM
I am in several exchanges and noticed a coin that I wanted to buy was in an exchange I'm not currently on.  But the fee for sending BTC there is so high that I'm wondering if is this why some exchanges have different coins to buy and sell with?   Like you can buy coins with LTC, Doge, Espers, etc.

Seems like it's time to do more business with alts. These BTC fees are very high for making small payments here and there.

I was thinking about that lately. Suppose you have BTC on an exchange but you don't want to pay high fees so you exchange your BTC on LTC and withdraw LTC paying much less. But what's next? Almost nobody accepts LTC. You can't exchange LTC to your local currency, at least where I live you can't, although it's pretty easy to exchange BTC to our local currency here. So, what would be the next step?
1765  Economy / Economics / Re: Possible big Crash coming within 10 days on: May 28, 2017, 02:01:43 PM
Saving this topic so I can bump it in 10 days and laugh at OP's expense because we'll still be breaking ATH's every hour by them.

See you soon

Guess who was wrong Cheesy


Its going above $2000 again and maybe its beginning to go back to normal. Was the rise of all the cryptocurrencies partly because of Consensus 2017? I noticed they all went down after the convention.

Take notice that the price of 1 BTC is over $2,800 on Korean exchnges. And there's one exchange, I think it's South African, luno, where the price is $2,890. And I think those people know what they are doing, everyone would rather sell their coins to them and thus they will have a lot of coins which will increase in value in the future

Yeah, these people certainly know what they are doing

But that may be not what you think they are actually doing. When you see such a huge price discrepancy between the price at a certain exchange and the average price across the market, there is always some reason for that. Most likely, you can't withdraw fiat from them, or the withdrawal commissions are simply insane. Otherwise arbitrageurs would quickly jump at this profit opportunity and they would quickly level off the price with "the rest of the world"

I didn't know about that. But I still doubt this is the case. Bithumb, for example, is a big exchange with trading volume 157,624 BTC in the last 24h. If they were like you said, who would use the exchange? The price 1 BTC there is $2815.28 right now. But they have this remark, *Price Excluded and I don't know what it means. But even if it means "tax excluded" and they charge a lot on withdrawal my question remains: Why do so much people trade there?
1766  Bitcoin / Bitcoin Discussion / Re: Small fortune, now which country ? on: May 28, 2017, 01:17:49 PM
Many people in this thread suggest Canada and I agree with them. Several friends of mine moved there and no one has complained so far. Apart from being a bitcoin friendly country, Canada is a friendly country in general. Of course I mean its southern part, you'll freeze to death in the North. Smiley
1767  Economy / Economics / Re: Bitcoin price is recovering! on: May 28, 2017, 11:41:19 AM
Looks like the next pump has already started, if it doesn't change into some sideways movement we will easily see 3000 dollars within days or weeks.
- Yes, the price of Bitcoin is recovering in the past few hours, I think this is a sign of the next pump is about to appear but maybe, it will take a little while to prepare for the next pump, hopefully as you can tell we can see the bitcoin price increase to $ 3,000 in a few days or weeks. Currently we should save our bitcoin or buy more bitcoin, that would be good for us. Bitcoin always brings us big surprises, hopefully in the next period it will give us even bigger surprises

Yeah, but it's funny that this topic was started with this:

Good news dude !
Bitcoin price is recovering little by little .
From 950 $ some hours ago to 1066$ now !
Buy now till it's under 1100$.
 https://blockchain.info/markets

I almost forgot bitcoin was under $1k just recently. Now we are witnessing the next recovering. Hope you are right about $3,000 soon, at least I think with you.
1768  Economy / Gambling discussion / Re: Gambling addiction. on: May 28, 2017, 11:28:24 AM
Why is someone get addicted to gambling once he gamble ?

I think this happens only when one wins at first. When one starts his gambling experience with losing he'll hardly get addicted to it.

If you don't want to be addicted to gambling don't think of it as a source of income.

Because gambler, always dreaming and assume he will win alot on his current game. So his mind is obsessed with gambling. When he loses, he will try to find funds to gamble again.

They'll do this only if they've had a winning experience in the past. Otherwise no one in their right mind would try to find funds to gamble again. If you see that you always lose from a game why play that game again?


Yes, i agree with you but their mind and heart will suggest them to gamble again because there may chance for winning. Every person will not control their feeling and emotion when they see people are making through gambling. So these are other factors which make addiction to it.

Some stories, if not most of them, about people who make big profits with gambling are lie. Only if you have won yourself you know it's true. That's why people become addicted when they win themselves at first, people usually don't trust stories.
1769  Economy / Economics / Re: Possible big Crash coming within 10 days on: May 28, 2017, 10:00:45 AM
Saving this topic so I can bump it in 10 days and laugh at OP's expense because we'll still be breaking ATH's every hour by them.

See you soon

Guess who was wrong Cheesy


Its going above $2000 again and maybe its beginning to go back to normal. Was the rise of all the cryptocurrencies partly because of Consensus 2017? I noticed they all went down after the convention.

Take notice that the price of 1 BTC is over $2,800 on Korean exchnges. And there's one exchange, I think it's South African, luno, where the price is $2,890. And I think those people know what they are doing, everyone would rather sell their coins to them and thus they will have a lot of coins which will increase in value in the future.
1770  Economy / Speculation / Re: We're reaching $3,000 soon! on: May 28, 2017, 09:49:50 AM
We are probably heading into a short Bull market soon. If you just bought Bitcoins just hold steady and DON'T SELL if it goes down. That's a quick way to lose money.  Grin

For those who have missed out I'm guessing now and for the next few weeks will be a good time to buy BTC.

It is already a good time to buy BTC before it's too late. Who knows how long will it stay under $2,800 this time. And you are absolutely right about holding and not selling. Selling when the price is low is the stupidest thing to do.
1771  Economy / Economics / Re: panic selling on: May 28, 2017, 09:34:49 AM
Selling will be now not the best thing that you can do and that is because the value is not even that high now and that have to change because the value of Bitcoin is now rising slowly.
And many people are now holding it for a long time because they see that the value of the Bitcoin is rising slowly and that the halving is also coming.
True, many community now in bitcoin world are holding their coins so far, actually this time the flow of trading in the exchange market
are doing good and many altcoins are also helping me because they are now increasing the value.

One should not be deceived by the fact that some altcoins are now increasing the value. The increase should be compared to the bitcoin increase, and increase in USD doesn't mean this coin is good for investment, because if BTC increases more then you'd better invested in BTC, right? If a coin increases in BTC, that's a real increasing, like Ethereum lately, for example.
1772  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: May 28, 2017, 08:57:20 AM
just a thought...
if one btc can cost $3k
then there is no reason 1XRP cant cost $3  Cool

( next 3-5 hours my fresh fiat will become fresh XRP  Tongue )

I think XRP can easily reach $2 by the end of this year. But let's talk about the max Ripple can reach in the far future. If all the banks will adopt it and it will replace all the money eventually, 1 XRP might be as high as $750 one day, but hardly more than that.

Here's how I came to that number:

All the money in the world =~ $75 Trillion

Max Supply of Ripple = 100,000,000,000 XRP

$75 Trillion / 100,000,000,000 XRP = 750$/XRP



There are still some more factors to further increase the price of XRP in that case... in the far future.

1) The most simplest problem about cryptocoins is that, many people will lost their first wallet Grin Grin Grin And that money will be lost forever.

2) Some XRP will be destroy permanently per transaction. Imagine, with people around the world are using it for goods, services, etc. How many XRP will be destroy permanently, per day...?  Grin Grin Grin

I am sure we won't see all 100,000,000,000 XRP circulating in the market.

3) Economic growth. The cap won't be ~ $75 Trillion as of today anymore. Grin Grin Grin

What do you guys think? I'm in my wet dream as a XRP holder and I will do so in a really long term. Let's see what will happen 5 years from today. Thanks. Grin Grin Grin

One more thing, I noticed most XRP haters have a very similar thought to Microsoft haters. I will tell you that, I love opensource and all. I even use Ubuntu before I purchased the Surface 4 Pro and found out that Ubuntu is not major enough to use on touch screen device and battery consumption issue too. In the end, I will use what works best for me whatever it's close or open system. Now, I am holding BTC, ETH, and XRP to diversify the risk.  Grin Grin Grin

Yeah, I know. We are talking about the purchasing ability of $75 Trillion as of today. Of course in the future the number will be greater because of inflation.

I think your choice of cryptos to hold is an optimal one. BTC, ETH, and XRP are the most promising crypotos imo.
1773  Economy / Exchanges / Re: BTC lending on Poloniex on: May 27, 2017, 07:03:59 PM
I had a few bitcoins lending out through Poloniex BTC lending (have been doing this for a while and generated steady growth). However, this morning I noticed that all "My active loans" were suddenly empty and that my overall balance had dropped about 30%.

I downloaded the Lending History, but it did not show anything strange. Only the loans that ended regularly and generated the remaining BTC in balance.

I thought, either somehow those BTC are still active loans, but not showing or I just lost 30% of those coins because a number of lenders were not able to repay?

UPDATE:
Uf, it's sorted out (my stupid error in administration  Embarrassed ). Thanks for the help everybody and sorry for the confusion. It is also a reminder for me that when participating in lending/margin trade it is good to keep a very close eye on in and outgoing transfers. The information that you can gather afterwards is limited. Yet another crypto lesson learnt.

I want to mention that there was NO error of Poloniex or system glitch (what I suspected at first). No blame there.


I'm glad to see the UPDATE because it would be really sad if thinghs like you described were happening on Poloniex. Also it's good to see you haven't lost anything.
1774  Economy / Speculation / Re: After the Correction...Will Bitcoin Fly? on: May 27, 2017, 06:05:50 PM
There are now many crypto analysts who are predicting that after this necessary correction which saw Bitcoin took some beating and is now in the $1800 - $1900 in many exchanges, Bitcoin can be reaching as high as 6K. Though I don't believe that it can reach the 6K level soon but I want it to reach 3K before the end of this year.

I believe that Bitcoin can fly soon...as in the past so will it be in the future!

Bitcoin is already recovering from that $1800 - $1900. It is over $2,000 almost on on every exchange listed on Coinmarketcap and it is $2,700+ on the Korean Bithumb, Coinone and Korbit. I don't know about 6k but I think 3k+ by the end of this year is pretty much possible.
1775  Bitcoin / Bitcoin Discussion / Re: RANSOMWARE impact on: May 27, 2017, 03:32:23 PM
After days passed from the attack till now I think it wasn't that big even the income that the hackers got from users that paid to recover their files wasn't really something big if we compare that with passed attacks, am I right ?

As far as I know from Wikipedia more than 230,000 computers in over 150 countries were infected and the hackers were paid around $126k. Since they were demanding $300-$600 it means that not more than 420 victims paid the ransom.
1776  Economy / Economics / Re: Possible big Crash coming within 10 days on: May 27, 2017, 02:55:02 PM
Price fluctuations and the increased volatility is common with the cryptocurrency as well the bitcoin. So no matter whatever is happening around with the price, till the technology is widely spread and the price gets retained. Panic is a major problem that makes a collapse in the entire network. Based on this I hope it's good to hold rather than selling.

I absolutely agree, selling now is crazy. Many people were hoping bitcoin would fall a bit from that $2,800 to have the opportunity to buy it cheaper and now they have that opportunity. It's time to buy/hold, but definitely not to sell.
1777  Economy / Gambling discussion / Re: Is winning at Sports betting actually possible ? on: May 27, 2017, 02:32:24 PM
I am just an amateur gambler and bet on sports. i saw this thread today on the forum of a tipster ajaxmoor and he is destroying his picks. i think he has more than enough wins i have ever seen in a row. If tipsters can predict games like that how are sportbooks not losing money ? is it just luck ?

Yes, it was just luck. You can win many times in row and still it means nothing. Well, it means only that you were lucky but it doesn't mean you will be winning in the future. Also sportsbooks are not playing against gamblers. Gamblers play against other gamblers and sportsbooks charge fees.
1778  Alternate cryptocurrencies / Altcoin Discussion / Re: Monaco Visa ICO - tomorrow - latest scam? on: May 27, 2017, 02:15:26 PM
Hi Everyone. I saw my video was already posted, but here was my quick research. https://www.youtube.com/watch?v=BUBC8_orpXc


I saw a registered company called Fortis Limited in HK and I will do a bit more research on it.

The irony is that some viewers reported this is a monaco visa card ad that plays before my video, the irony.


It is a very nicely made video and it has amazingly 4,500+ views in less than two days. Good job!

I think anyone who wants to get an unbiased info on Monaco Visa ICO should spend 10 minutes on watching it.
1779  Economy / Speculation / Re: We're reaching $3,000 soon! on: May 27, 2017, 01:56:04 PM
I think that it's fair to say that the OP jinxed Bitcoins movement. Well done OP.

Hahaha, you are joking, right?  Smiley

Many of us were thinking $3,000 is not far away. And even now I think OP was not far from the truth. We just have to rethink what does "soon" mean.  Smiley

Keep calm and Don't panic sell. Bitcoin will be back in its full glory.
1780  Economy / Economics / Re: panic selling on: May 27, 2017, 01:30:06 PM
^ Most idiotic comment ever

Why would anyone hold stuff which will fall?Huh?

I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.

Or they could have sold them at $800 and bought back in at $200, which is what bitcoin ended up dropping to. People who were selling at $800 in 2014 were ultimately right for a long time, and had plenty of time to buy in at far lower prices. The point is nobody knows the falling price is a temporary thing. Bitcoin is not guaranteed to go back up, not now and not ever.

You'd be right if they really bought at the lower prices, but I doubt that. Having burned their fingers once with bitcoin they would hardly buy it again even at $200. That's why I'm saying they'd better hold it until now.

Btw today we are experiencing another big panic selling and it's a pity that many people will lose their money if they bought at $2,800+ and are selling now. If they will buy at lower price back that's okay, but most likely those for whom it was their first experience with bitcoin, will never buy it again and will be always thinking of BTC as of a thing with which they lost their money.
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