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17621  Economy / Gambling discussion / Re: Fifa Confederations Cup 2017 discussion and predictions Thread on: July 02, 2017, 02:00:38 PM
After betting the whole tournament against Germany, I will today bet for a victory in the regular time for Germany. The team is more mature than I expected and Chile has already been defeated in the group stage. In addition, the success of the U21 in the European Championship yesterday gives probably extra motivation and thrust. Odds for Germany are currently at 2.43

Where on earth are you getting 2.43 for Germany? The best I could find was a 1.5. Even Chile has it at 2.1. I've got to go for Germany here but am not betting on this match. Confed Cup wasn't kind to me and I might just get a bit emotional with in-play.

If anyone from the UK wants to try ladbrokes, they've got a 20/1 new customer offer for a corner to be awarded (guaranteed win almost, right?) in this match. You get a free bet if you lose too...
17622  Bitcoin / Bitcoin Discussion / Re: Africa Isnt Ready For Bitcoins on: July 02, 2017, 01:50:44 PM
It really depends on what sort of impact you want to have. It's too easy to say Africa and forget what that can mean. Your 18% population who own smartphones are concentrated in a few countries, and in a few major urban areas. The Humaniq project and Stellar Lumens are two crypto projects I know are working in Africa, and both in Western Africa (my guess is Nigeria is the most ready) but even they cannot possibly hope to "change" things with crypto.

You have to spend time there, do research there, and be serious about practical implementations vs policy. You can't just say Africa without any context.
17623  Economy / Economics / Re: How to double your money using BTC? on: July 02, 2017, 11:00:10 AM
Adjust your perspective. Investment returns that reach double figure (in terms of percentage) annually are considered extremely good. Anything approaching 10% PA will be considered very good. Crypto has shown amazing potential so a 100% return within a year is plausible. Conservatively, you can and probably will reach this if you buy BTC now and wait out a few years for what most people will agree is enough time for its value to double.

If you're going for trading, then look at it this way: aim for a weekly 1-2% returns. That should get you double in a year or less, on compounding rules.

Sage advice? There is no easy way. Persist with investing your money into crypto as an asset and you won't be disappointed.
17624  Economy / Trading Discussion / Re: So I want to get into trading. on: July 02, 2017, 10:49:00 AM
If you're really just wanting to get into trading then you already know the obvious: you need to get BTC. Its price will be almost negligible for you at the moment and these are why:

1. You want to trade crypto, and it is their values against BTC that you will be wanting to look at. BTC's fiat value is not important. In fact, most alts rise and dip against fiat in the same pattern that BTC does.
2. You want to gain BTC from trades, not fiat. Focus on this first. If you make enough profit on BTC, whatever fiat value it loses would be offset. If fiat value rose, you gain that much more.
17625  Bitcoin / Bitcoin Technical Support / Re: Secure desktop wallet in student dorm on: July 02, 2017, 10:02:34 AM
There are some very simple things you can do to literally hide your things - in addition to normal security like password protection and encryption. I used to just rename the extensions of my most important files (very small usually and wallets are the same), to say, .bat. Archive them all into a zip, and rename the zip extension to something else.

A bit inconvenient but I got used to it. If they can't see it, they won't know what to look for.
17626  Economy / Gambling discussion / Re: Pacquiao VS Horn (Boxing) on: July 02, 2017, 09:27:22 AM
Wow. I was just moments away from putting a wager on Manny but held back. Throughout the fight I was regretting it, and even the result still had me puzzled, but there is little to question that Horn won it, maybe a little less fair and a little less square, but a good win in his camp.

A little sad though, I feel like Manny got riled midway somehow. I hope we haven't already seen his best behind him. Am from Borneo, btw.
17627  Economy / Service Discussion / Re: Level 2 Verification - Incomplete @poloniex on: July 02, 2017, 09:10:14 AM
I guess what would be really nice right now will be to see some sort of announcement from them to address this backlog. Everyone is suspecting that they are deliberately limiting withdrawals and if even half its users are withdrawing slowly like me, they're going to lose a lot of liquidity in coming weeks. The simple solution would be to hire more support staff. It can't be such a hit to their profits.
17628  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS]: Japan Ends 8% Consumption Tax On Bitcoin Today on: July 01, 2017, 07:49:16 PM
Wasn't surprising to learn this, since the Japanese government has been very receptive towards Bitcoin. It's still good news, nevertheless. Perhaps buying Bitcoin on local exchanges there can be a lot cheaper now, or at least move towards global market prices. Nakamoto, if he were ever Japanese, would approve.
17629  Economy / Service Discussion / Re: Level 2 Verification - Incomplete @poloniex on: July 01, 2017, 09:16:49 AM
I've had the exact same problem as you. At first, the site wouldn't even let me upload my documents for Level 2 and I left it alone for some time. Just over three weeks ago, I tried again and opened a support ticket. I received a reply within hours, but the response was misinformed (they thought I was asking for Level 3, despite screenshots and clear title). I updated the response and said I only wanted Level 2. The ticket hasn't been updated since.

That said, I'm still working on the Level 1 daily limit and it doesn't seem to have caused any issues. I have started moving out my balances, however. Just losing a bit of faith in the way things are going.
17630  Bitcoin / Development & Technical Discussion / Re: DagCoin: a cryptocurrency without blocks on: July 01, 2017, 08:47:46 AM
Dagcoin will start their 3 month Pre-launch period on July 1,2017. And believe me I know all the details on how and where to buy dagcoins on pre-sale before it goes to exchanges. Just inbox me i'll give you details.  Wink


hmm what is this coin? new comptetitor for byteball/iota/rai?

please tell me it will have a better name and marketing than those three hideous coins/wallets

So you're one of those who believe good names and marketing maketh a coin good? What's so hideous about byteball and its wallet anyway? I've actually really grown to like it - and you only need to see the growing number of apps being used within the byteball wallet to understand what's so attractive about it.
17631  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash is safely scaling to 300+MB while Bitcoin can't even get to 2MB on: June 30, 2017, 10:03:27 PM
DASH number of unique transactions per day:  about four thousand.

Bitcoin confirmed transactions per day:  about 230 thousand.

It's not the block size, it's the maximum block size.  DASH is also a younger project with very few transactions, so the blockchain is very small in comparison.  Not to mention that in DASH, full node users are rewarded, while in Bitcoin they're just volunteers. 

I don't think it's a fair comparison.

Plus, you don't know that it can't get to 2mb.  While they're not actually signalling for the code yet and they might not carry out with the hard fork anyway, it seems like shitloads of pools are supporting SegWitx2 right now.

That's the point a lot of people are missing out. They're not making fair comparisons. It's a matter of scaling and they aren't putting these comparisons on the same scale. If anyone wants to see a non Bitcoin crypto try to grapple with tx rates, they don't have to look far. Just the number one alt.
17632  Bitcoin / Bitcoin Discussion / Re: Craig Wright Threatens Bitcoin Community in Surprise Conference Speech on: June 30, 2017, 04:22:24 PM
Fantastic. He will step up and stop poison segwit and Core from destroying bitcoin. This is great news for bitcoin all around. Very bullish news. Satoshis vision will not be stopped!

I'm perhaps one of the least knowledgeable in this area, but did you read the article? If we can trust the integrity of the reporting and believe that at least half of what was reported was true, I really don't see how Wright is in any way supportive of Satoshi's vision (I assume you refer to the whitepaper). The only way this could possibly be argued for is if one took the second last line of that whitepaper (voting with CPU power) at total face value and removed all context.

P.S. Roger Ver's comment on the article: has a point.
17633  Economy / Gambling discussion / Re: Would anyone be interested in doing pool betting on the English Premier League? on: June 30, 2017, 03:49:02 PM
Ok. I added you. I'm surprised not many other tipsters have joined up. If they were truly great tipsters they should have a big advantage in this sort of tournament.

I agree with you, I don't see many of the tipsters who were sponsored by Sportsbet a few months ago. I see there are a few great tipsters like CarlesPuyol and Betadviser but I am surprised to see Joca97 and ajaxmoor which are truly good tipsters are missing this tournament. Maybe you need to bump this thread a bit more, me too I only saw this yesterday and immediately applied to join.

I've only followed Joca/ajax for little over a month so that's not nearly good enough to compare even if am currently in profit - their style for football/tennis seems to be on over/unders as opposed to straight outcomes, which is perhaps why those types of tipsters won't take part here. Maybe update the pot amount/participants in the thread title?
17634  Economy / Trading Discussion / Re: CryptoСurrency forecast, my first experience is 71% good result, is it true? on: June 30, 2017, 03:03:11 PM
First impressions: very attractive layout that quickly gives you the top 5 on both sell and buy orders. Can I assume you use different strategies/analyses since you also categorise coins and assets differently? What would make this really interesting is a summary of how you arrive at the conclusions. Yes, we can see the "How we calculate our forecasts" but that's no different from any software or signal service. Understandably, you won't give away all your secrets, but surely a brief why?
17635  Economy / Speculation / Re: Will we ever see bitcoin lower than 1000$? on: June 30, 2017, 10:11:46 AM
Yeah. Even on dumping days of all crytpo, The lowest price that BTC dump so far is 2200$ each which is far from 1000$. I also read some news about giant countries having an interest to invest on cryptocurreny especially on BTC. On July 1, there are spme speculation that Australia will  invest on BTC and this might result to a huge pump.

These "dumps" are equalised by speculation. We're still experiencing a lot of new entrants - major players - dipping their feet into crypto for the first time in an effort to diversify from their conventional portfolios. This new cash is what's really keeping BTC on this buoyant wave. As this slows down, there's still every chance for $1000 levels, which would still represent good long-term value.
17636  Economy / Gambling discussion / Re: Fifa Confederations Cup 2017 discussion and predictions Thread on: June 30, 2017, 09:10:27 AM
It was all over with that German blitzkrieg under 10 minutes. Lost out on my parlay and on portugal... small consolation that I hedged a modest sum on Germany. I don't see Chile repeating the giant-killing feat at the final... Germany's for sure to take out their big guns and go for the kill. Any decent line odds for this final?
17637  Bitcoin / Bitcoin Discussion / Re: Bitcoin savings account? on: June 30, 2017, 07:37:03 AM
The only way you'd be able to earn some interest in a savings-styled account is by depositing your bitcoins with a centralised service that you'll have to trust to keep your deposit safe. As you can certainly see from the posts here, there are several that even I would rate as medium risk (as opposed to high and extremely high) simply due to their longevity and reputation. These range from exchangers like Poloniex and Yobit, to gambling sites like freebitco.in and bitkong. But at the annual rates of the latter (gambling), you're actually better off changing to fiat and depositing in a centralised bank which at least partially insures your deposit. Just hold and earn. Safest method.
17638  Bitcoin / Bitcoin Discussion / Re: How Bitcoin Does Versus Gold, Fiat and All World's Money on: June 29, 2017, 06:35:44 PM

“If the see-sawing rise of Bitcoin tells us anything, it is that people are losing their trust in money, and other traditional measures of wealth,” concludes Raul Amoros. “Let's talk again when the total value of all cryptocurrencies surpasses that of the world's supply of gold…”


With the ridiculous number of ICOs being pushed out daily, and the incredible amounts of value they then generate after tokens are created, this may happen a lot sooner than anyone realises. What we will realise, as well, is that this will mean very little in the grand scheme.
17639  Economy / Speculation / Re: Any proposition for an official "End of HODL" day? on: June 29, 2017, 03:08:22 PM
I believe there are rumours that the People's Party in some great Middle Kingdom somewhere entertain the same propositions... with their USD reserves.

Not sure the same theoretical effect would be observed with Bitcoin though. Flood the exchanges with cheap Bitcoin? There'll just be so many people waiting to have their fill... and then a great big population of adopters.
17640  Economy / Economics / Re: What is the fair value of a currency? on: June 29, 2017, 01:22:54 PM
If you were to use the model as an investment tool, there would be two usage cases in my opinion:
  • Finding currency pairs with a high speculation negative bias and buy them (similar to buying low P/E stocks).
  • Speculating on the intrinsic variables of a currency pair and finding a speculative fair value. If current price is below your speculative fair value, buy them.

Beware that the first approach can only be used in currency pairs which are not monetized (such as BTC/fiat right now). Don't use it with BTC/crypto, because it is already monetized and won't work.

Thanks for the explanation, this is very interesting that your take on fair value looks a lot closer to what I would have guessed is "reality", which is still below $500 after all these years. I might add to extra caution on currency pairs of crypto/fiat as I find that the majority of alts actually fall and rise in tandem with BTC/fiat, even if they could be expressed as crypto/fiat - or does this not matter at all when taking those values into account?
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