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1781  Bitcoin / Bitcoin Discussion / Re: Bitcoin is unique to man. on: October 17, 2020, 03:27:23 PM
Bitcoin is not the first digitalized currency. It is rather the first decentralized digital currency.
 
How interesting to know and Its worth basically comes from being the first digital currency that has no human organization or authority to control. It’s has so much become common that anyone can buy,sell or receive it .

This technology is indeed revolutionary. But given how "young" it is, there are still limitations especially to some countries wherein there are restrictions regarding selling and trading not only Bitcoin but also other cryptos.


Bitcoin isn’t just safe to keep your funds but it keeps you in charge of your funds. despite the fact that bitcoin is a decentralized currency many human organizations and Authorities still seek for it and use it a means transactions (sending and receiving).

Keeping your funds in the form of Bitcoin is not always advisable or is not really necessary. keep in mind that the market value of Bitcoin is volatile. There is always a risk of 'losing' money whenever there is a sudden downfall on its market price so be cautious of putting all of your funds into it. As what I have mentioned above, there are still limitations on its use as a currency or towards transactions. Authorities may not be seeking for its usage but more of its regulation.
1782  Economy / Economics / Re: Trump and imf boss want to print more money on: October 17, 2020, 02:45:25 PM
If one country would print more money, the price of goods will also go up. There would be a sudden increase in GDP but to how I see this scenario is that, the situation is still the same, right? The only change is that people will have more money and the price of goods will also be high. Please correct me if I'm wrong. And if things might be caught off guard, there is a chance for hyperinflation to occur which is still possible even if it's U. S. we are talking about. This happened to a country before, and if I'm not mistaken it was Venezuela.

I have read an article before that doing so would make a country rich, and one country close to this possibility is U. S. given its influence accross world market.
1783  Economy / Speculation / Re: What is the 50% rule? on: October 17, 2020, 12:40:20 PM
There is a rule in technical analysis called (50%).And it is called pullback.
Whenever the price reaches a peak, it can go down to 50% before the pump.
The same thing will happen again in falls.

Bircoin went to $1200 and then dropped to $180.
Bitcoin went to $20k and then dropped to $3300.

Those both were about 85% drops in price. That is what Bitcoin does. If next ATH will be $150k it will drop back to $25k.
But given the inconsistencies, I think it is enough to tell that things will not happen as expected. We have seen instances wherein expectations are not met by the reality in this industry. Things could always go the ither way around when it comes to the market price simply because it is in nature of the market value of cryptos to be volatile, thus, patterns won't work. Things occur without a warning. If its market value will be able to reach its ATH again or even acquire a higher market value, what will happen next is a two sided situation. Its price can go higher, or fall in a sudden BUT without certainty of its "stopping point". What I am pointing out is that, strategies do not work in such way as it is meant to be, in this market.
1784  Economy / Gambling discussion / Re: Anyone betting on "Electronic Leagues"? on: October 17, 2020, 12:06:20 PM
I'm so much not a fan of this virtual or electronic games especially with the fact that, your predictions are entirely subject to the programs put in place by the programmer to generate the outcomes on each games. It makes predicting so difficult and in a matter of an minutes, your chances of winning or losing a lot is relatively high but, I'll stress on the losing as it has been my case the few times I e tried them. No doubt a lot of other persons do understand certain options to stake on that comes rather frequently but, not measuring a teams strength based on the quality of players they are supposed to add just don't help my predictability and it's so uncool to me. But then, it is fun as it makes betting never to be out of season.
I guess we do all have our own peferences. ESL won't be popular for no reason, more likely it is because there are players who are interested or are fond of playing such games.
..your predictions are entirely subject to the programs put in place by the programmer to generate the outcomes on each games.


It's not entirely a pure luck game since users have to make a way to get the best play.


Not sure but this could be a reason why others are into this game because they are more likely having a "grasp" regarding the outcome of the games than to just wait and rely on their fate. As I've mentioned above, preferences are simply subjective ;one could be going in the left side, and one could be on the other way around. In my case, I am into watching sports but not interested putting money into it.
1785  Economy / Economics / Re: Bitcoin will replace oil and Gold on: October 17, 2020, 11:18:09 AM
Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.


The problem starts with this. Bitcoin, Gold, and Oil are different in many aspects including their function, price and usage accross countries. There is indeed an emergence of Companies and countries adaoting this technology but that doesn't make any sense to just set aside these two natural compounds. Keep in mind how greedy many countries are towards these minerals and they are not doing such things just for nothing. This is an enough reason why they won't leave these minerals behind just because blockchain technology arose. Bitcoin and other cryptos are really profitable as an investment but governments will more likely put their time in something which would generate "assured" profit, not to mention how volatile the market price of cryptos are.
1786  Economy / Economics / Re: Show me shops where i can spend crypto ...crypto is useless... on: October 17, 2020, 10:33:39 AM
Cryptos are not useless. There are indeed areas or countries wherein most of the services are not accepting such technology as a mode of payment, but that doesn't define its usefulness. Majority of the people who are in this industry are making use of cryptos full potential. Some are able to use it in order to experience convenience regarding online transactions, they are the lucky ones at some point. But to those who are living in countries wherein cryptos are not yet being widely used or accepted by their governments, most of them are using cryptos as means of investment because of its volatile marketvalue, which I think is very beneficial for the investors. Who knows, right? What if someday cryptos are globally used in every transactions? Let us all wait and for now, be patient.
1787  Economy / Gambling discussion / Re: Do you read the TOS of a gambling site? Honest answer please. on: October 16, 2020, 04:20:57 PM
Most of the time, I do not read Terms because it is quite tiring to see how long the terms are. What I usually do is to check a gambling site's background and reputation just to make sure nothing would go wrong because I doubt most of the gamblers do read such thing, so I do anticipate issues if there are any, which will be surely discussed. But I do not suggest others to do so, ofcourse it would be better than to just agree just because it is quite a hassle on your side. But let us all make it a habit to do so espeally on sites involving money because problem may arise, right?
I always read ToS on website/services where money is involved. Something I'd suggest everyone to do.
More people should better be, not only on sites involving money but to all of the things asking you to do so. It is quite a form of a contract if I would be asked and content should be understood by the audiences.
1788  Economy / Gambling discussion / Re: Question: Is there any websites where I can gamble crypto under 18? on: October 16, 2020, 02:55:22 PM

Edit1: Thanks for everyone replying, I have decided to not online gamble as now I know it is illegal, so to people who was wondering my age, 15.

Gambling is addictive, keep that in mind. If you are fifteen years old, where will you get your money to gamble? If it is from your parents, then there's nothing to argue here. They are more likely not working eight hours a day to support you with such activity. And likewise if you have a job for some reason, because you should be using it on things that would benefit you for a long run.

Just to site a reference and for you to understand it more, here's an example study of why there is a restriction.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2945873/

Actually there are more which validates the claim of not allowing minors to gamble. The main thing is "addiction". Anything that would be too much is not advisable. Regulation won't be enough because there are things wherein once you are exposed to it, avoidance becomes a problem.
1789  Economy / Gambling discussion / Re: Any p2p LUDO, Carrom, 8ballpool game with Bitcoin on: October 16, 2020, 02:18:08 PM
I'm looking for Ludo, Carrom or 8 ball pool which have BTC payment option and can be played with another person on the other side. I have not seen one yet. If there's any, please share your experience.
And why don't anyone develoo such a platform? I think there are a lot of fan of 8 ball pool and it can be a popular one if it would allow playing with bitcoin.
Maybe, it is because majority of the gamblers are more into cardgames, slots, dicegames and such. Gambling games of the above mentioned are not that popular in my opinion and that might be the reason why developers are also not pushing or giving that much support to games of the likes. It would be interesting to be honest but ofcourse, the majority of the 'consumers' would be more followed by the developers or gambling sites. Being a trend setter won't be that easy in this industry. New players are more interested in traditional gambling games and they are looking more towards bigger rewards among gambling sites rather than the kind of games being offered.
1790  Economy / Trading Discussion / Re: My speculation regarding Bitcoin will hit... on: October 13, 2020, 01:52:25 PM
I doubt this because right now the bitcoin are having a struggle with the market mark of 11.3k dollars if the bitcoin already reaches over 13k or 15k I will not agree with your prediction coming within over an 18k market price of the coin.

Also, it's better if you make a supporting statement regarding with your prediction so some of us give an idea of why it will reach or not because today just say the bitcoin falls to 10k again the number of chances of this kind of prediction may happen because the market of the bitcoin is volatile.

1791  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Covid 19 on: October 12, 2020, 04:20:13 PM
Well, investment with bitcoin is a good idea but you know that the market of the bitcoin is volatile.

It depends on your business too if does it fit with the bitcoin.

I think if your business is related to the world of technology and does apply for online payment and cashless transaction I think this is suitable too because during this pandemic the people don't want to make contact with other people instead they just want to make all of the transactions more cashless to prevent interaction.


Because of this covid, some of the people are having problems regards with the money I think one of the best things you should do too is to save your money.
1792  Bitcoin / Bitcoin Discussion / Re: Bitcoin Not User Friendly Yet on: October 12, 2020, 03:49:05 PM
Today it's too hard to introduce the use of the bitcoin because there are a lot.of people telling this is a scam but if they prove it they don't have too much idea regarding this.

The reason why is because of the rumors they hear about the bitcoin that this is a scam but the truth is not.

If you want to share the use of the bitcoin I think the very catchy thing to tell them is they can earn with the bitcoin, it's safe and it's transparent for sure someone caught their curiosity about this kind of topic.

But I think the elders don't want to join with the bitcoin because they are afraid of changes and they don't know most likely the risk-takers are the teenagers.
1793  Other / Beginners & Help / Re: Help, from a beginner on: October 12, 2020, 03:09:08 PM
Good day and welcome to the community of bitcointalk

Before anything else you just need to visit our Meta and read the meta and other introduction guidelines and also visit our beginner and help board to see about the things, you need as a newbie member.

Our forum consists of different boards you can always visit depends on what you are interested in.

We have the Trading discussion and altcoin discussion this is just a few of them.

Also try to visit the thread suggested with the other members.
1794  Other / Beginners & Help / Re: Begging for merits is not a good idea. on: October 12, 2020, 02:34:37 PM
Begging of merit is prohibited right here on our forum and if the merit sources and other members think that you deserve merit I think they will give it to you it's better to change your perspective right here on the forum like just spamming bounty campaigns and doubting to earn the forum is huge there are a lot of topics and threads that you can learn and helps you to increase your self.

This post made my day. It's just like how to earn 1000 merits in just one week.
1795  Other / Beginners & Help / Re: Be careful during use escrow service from the forum. on: October 12, 2020, 07:58:48 AM
I haven't tried yet using an escrow with the use of cryptocurrency transactions. I think it's very risky if the scammer makes an introduction with your profile and using a telegram account and not directly makes a private message first right here in bitcoin talk. I think the other party does not know something regarding this forum so the only proof given by the scammer is just your profile.

I think these steps must be followed.
1. Find an escrow
2. Direct message here on bitcointalk
3. Wait for them to respond
4. Make a deal
This is safer than directly on the telegram.
1796  Other / Beginners & Help / Re: I want to learn on how to distinguish merit looking and a helpful post on: October 12, 2020, 05:46:44 AM
I think all of those are depends on you mate because we have different insights, likes, and dislike into a topic if you think that member deserves to have merit you should give them, we are just common members unlike the merit sources so you need to respond to the merit you are giving.

Most of the time I'm giving merit to someone who efforts their thread and contents you can easily see if that person gives all of his/their ideas and share it with another member.

There is no specific rule in giving merit you have right to choose who you want to get your sacred merit lol.
1797  Other / Beginners & Help / Re: How do people earn money from Crypto and in this forum in general? on: October 12, 2020, 04:10:54 AM
You ready visited on our market place there are a lot of things you could join to earn right here on our forum.

Also, why not mention the Auctions board this is good too right? I often visited this board just curious about what they are auctioned.

Also aside from the marketplace, you can join into Campaign management if you want but I think it takes a hard time with your competitor because there are a lot of reputable campaign managers right here like Hhampuz, yahoo, and more.

But if you don't want to can go to the altcoin sections if you want to seek altcoins. Again we are prohibited from going a shit here. Good luck mate.
1798  Bitcoin / Bitcoin Discussion / Re: People Say btc is Not ponzi but its look like ponzi on: October 12, 2020, 12:52:26 AM
The bitcoin will not and never been not a Ponzi even the creator of the bitcoin does not promote the use of the bitcoin instead there are a lot of them become interested in the use of it.

What is the reason why bitcoin says becomes a Ponzi scheme?
There are a lot of reasons.
One of these is the common thing nowadays which is YouTube and other social media scams.

Next is the invitation and promoting a scam.
They are using the Bitcoin itself or just the name of the bitcoin to encourage different people to invests with them.
1799  Bitcoin / Bitcoin Discussion / Re: Where do you store your seed? on: October 11, 2020, 03:40:01 PM
I think the best thing to store your seed is on the tangible things like in notebooks or any kind of thing you can write on it because today there are no safe on the internet all of them can easily access your information and even your computer so if you want to keep it safe its better if you do this.

Also most of the time the cryptocurrency wallet we are using is giving a note regarding the storing of your seed phrase.

AFAIK when you are trying to create a default wallet on your electrum with the use of their app or .exe they give you a note to store your seed not through online.
1800  Other / Beginners & Help / Re: New members Increase Position on: October 11, 2020, 03:21:26 PM
If the other higher ranks will notice that the post of the new members is construction and helpful I think they deserve merit. Also, most of the time if a new member post a thread and if they think something suspicious right there like plagiarism we are not going to entertain this kind of post instead we will immediately take an action to report and give a penalty.

We have different merit sources right there so take it easy mate let them think if it deserves to have merit.

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