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17681  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?
17682  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?
17683  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.
17684  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?
17685  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.
17686  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.
17687  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.
17688  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?
17689  Economy / Gambling discussion / Re: Getting started with sports betting! on: June 29, 2017, 10:01:48 AM

I insist on Sportsbet.io as they have the most extensive betting lines compared to all other sportsbook (excluding Cloudbet ,too many problems with them so I don't recommend). Even directbet did not had that many betting lines compared to Sportsbet.io. Its the only one sportsbook I am using at the moment for my daily betting and occasionally Nitrogen.

For live play maybe they are not the best though.

Sportsbet is very, very decent but you still have to scout around to find a bookie that's suited to the type of betting you like. The more familiar I am with a team, the more I tend to favour sites with good in-play betting with specials. 2 seasons ago, I made very good profits from in-play betting on Sturridge scoring, and last season on Liverpool scoring first, for example.

Bitcoin sportsbooks are a bit poor in that, at the moment (unless someone knows of a place I don't?).

17690  Bitcoin / Bitcoin Discussion / Re: Tipping homeless people with Bitcoin paper wallets on: June 29, 2017, 07:43:58 AM
I don't always have a stomach for first-world responses like these... my guess is if you wanted to help homeless people, you'd give them assistance in addressing their main problem: not having a home. Maybe once that's out of the way you can start with the crypto tipping. Or have I just gotten too old to understand hipster altruism?
17691  Economy / Gambling discussion / Re: Joca97 & Ajaxmoor's Big Challenge thread with a giveaway on: June 29, 2017, 07:29:22 AM
Missed out on tennis, but I took a risky Parlay on the Confederation Cup. Just thought that the combined 5x odds on a Chile and Mexico progressing was too good to resist. The first part of that went my way without Ronaldo even reaching his PK. You guys looking for a chink in Germany's team to exploit for bets?
17692  Bitcoin / Bitcoin Discussion / Re: Is bitcoin transaction fees fair? on: June 29, 2017, 07:12:37 AM
Fees have definitely evolved and there is so much evidence to show that it has no correlation with price. Two days ago, the network was BELOW 2,000 transactions and I would have loved to test a 5 sat/byte tx but was unable to access my wallet then.

But today, I made a transaction with 35.9 sats/byte and it confirmed in exactly 60 minutes - at a time when there were about 11,000 transactions. I paid about $0.47 cents for almost $900. That's just over 0.05% of my total. I chose a time that the network was relatively free, I chose to transact one chunk rather than several. And my fee corresponded to those environments.

https://blockchain.info/tx/ab7b64a65de124ef55c2e09747a9c8dc433af8d4097cba8acf8d5469edbb8610

That's fair to me by any measurement.

I'm not sure how you achieved this, because 35 sats/byte is definitely very low even when fees were at 0.0001 BTC per transaction basically for any size. Did you use a transaction accelerator or something? I pay like 300 sats per byte and my transaction still doesn't get confirmed within first 3 blocks.

maybe you're just super lucky. But more likely than not, you used a transaction accelerator.

No I did not. Check the Transaction ID and the block. It was mined by Antpool. The only way you can get them to "accelerate" your tx is to pay them or get someone you know on the pool to include it. To my knowledge, the only free acceleration offered is that of ViaBTC.

As I said, time transactions when the network is light. Check with bitcoinfees.21.co to see how low you can go. At the time I didn, 31 sats was enough to get it within 4 blocks. And the estimation is very accurate as I've experienced.
17693  Economy / Gambling discussion / Re: Fifa Confederations Cup 2017 discussion and predictions Thread on: June 29, 2017, 07:06:43 AM
Great prediction here - for both of us  Wink
What a show by Bravo! Three consecutive saves, each one more impressive than the other.
And what a shame for Ronaldo who waited to kick the fifth penalty which never came.
I'm gonna bet on Chile to win the final against Germany. This time it will end in 90 minutes, I believe.

Nice prediction guys! I posted here that I had a parlay on both Chile and Mexico to progress, for a very nice combined 5.x odds...  I actually was very pleasantly surprised by Bravo last night, so maybe Chile will surprise us all today. And yes, no shootouts, please. Two good goals, perhaps in added time.
17694  Economy / Economics / Re: What is the fair value of a currency? on: June 29, 2017, 06:25:43 AM
Interesting definitely, but I'll admit I'm not academic enough to make use of it. If I understand correctly from comments, you use this model on DASH and find that it's priced way below its fair value - therefore a calculated investment. You also mention hypothesis, so why not gather evidence now, from DASH and a basket of others priced below fair value?

I have to disagree about "fair value being what people are willing to pay". If that were so, fair value of BTC is ~$2,500 on average on exchanges, ~$2,700 in India and ~$3,000++ in some countries? Fair value is not highest bid.
17695  Bitcoin / Development & Technical Discussion / Re: Segregated Witness legal flaw and its probable technical solutions on: June 29, 2017, 06:10:52 AM
Quote
Craig Wright: he officially gave up being Satoshi, it is more than enough to leave him alone to rest in peace.
NChain: Who is he?
LOL.  No he didn't.  He's still pretending to be Satoshi. He created a nchain to spread his fraud-- including these absurd attacks on segwit, fraudulent patent threats and so on-- to a larger audience.  It's an nchain propaganda piece that you " Recently [...] read" and are repeating.

I guess, u mean this - http://www.coindesk.com/the-risks-of-bitcoins-segregated-witness-problems-under-us-contract-law/

Note that, Jimmy Nguyen is chief intellectual property, communications and legal officer for nChain. Interestingly, Jimmy Nguyen is Vietnamese and Craig Wright's Tulip Trust trustee was a Vietnamese lady Uyen T. Nguyen. Rings bell? Wink

I like building connections myself but I can't see how two Vietnamese can be linked to each other other than their citizenship. Nguyen is as common a name in Vietnam as Mohamad is in the Middle East. Speaking of Vietnamese links, I've noticed quite a few alts being launched with a handy number of Vietnamese women named on their teams. Enjoying the Mr. Wright spillover?
17696  Other / Off-topic / Re: BitcoinTalk Addict.. on: June 28, 2017, 06:15:29 PM
I'm not an addict. I have an account about 8 months old, I have only just reached a thousand posts, and my total time logged in is only 8 days, 21 hours and 54 minutes. I would venture after a year, that might reach 10 days. That will be barely 3% of my total life in one year spent on this forums. Worth it? Yeah? Addicted? Not quite:p
17697  Economy / Speculation / Re: downtime soon ? on: June 28, 2017, 11:18:32 AM
1,000 BTC being dumped? There's an hourly demand for 100 BTC on loans on Poloniex alone. If they're auctioned, it'll also be private and not on exchanges, so there won't be any effect on the market. Even if it were sold on an exchange, any spike or dip would be limited to a few seconds, minutes at best.
17698  Economy / Speculation / Re: A big old correction going on... on: June 28, 2017, 09:55:18 AM
I sold a small amount today, 0.1 BTC, when I'd planned to do it yesterday. Real life needs, what can we do, huh? The 24-hour wait seems to have been worth it as I got about $25 more today than I would have yesterday. Big old correction may not be over so quickly, but there's a lot of life left at this mid $2,500 stage.
17699  Other / Off-topic / Re: Would you give bitcoin as a wedding gift? on: June 28, 2017, 06:40:03 AM
My first instinctive answer was "yes, why not?" but after more reflection, I'd rather not. I don't know anyone who would accept the Bitcoin and want to understand its value. I can only imagine several likely outcomes if I were to give crypto at a wedding:

1. They forget about it in the blitz of other presents and under the fog of honeymoon bliss.
2. The hassle of learning how to use it makes them put it off.
3. When they finally decide to properly use it, they've lost the private keys.

Hmm. I am cynical about crypto after all...
17700  Economy / Economics / Re: What will happen if we use a one currency only? on: June 28, 2017, 06:18:59 AM
This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.
The experiment of the euro has been a completely failure in my opinion, they tried to impose a single currency to different nations with different needs and we are seeing the consequences of that terrible mistake, I would not like to live in a country in which politicians are risking the future of the people in order to try to make an experiment work.

Issues of sovereignty aside, economically, the Euro has both successes and failures, but is not mature enough to conclusively be called "complete failures", no matter how hard the Euroskeptics will wish to be proven correct. It isn't the only regional currency to have been proposed, and I was surprised more countries were against this single economy concept. The UK held out, but with Scotland possibly out of the picture, the pound has taken a heavy battering.
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