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1801  Bitcoin / Bitcoin Discussion / Re: What's Core's stance on the upcoming 2MB block size increase in November? on: July 23, 2017, 11:38:56 AM
BIP91 is miners agenda and should leave no one in surprise if 101% of them supports it. By and large it's to enlarge their pockets and not a care in the world for the users of Bitcoin.  Question to answer is, "Was Bitcoin made for miners or users?" Obviously miners are to render a service and get paid for it, so they don't decide for users. The Bitcoin core are about to prove to the cartel of miners, they are not indispensable and the world can actually do without the best man.
1802  Economy / Trading Discussion / Re: Advice please on what to do with my coin on: July 23, 2017, 07:48:21 AM
Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

If you don't need to use that money for something else then the best option is waiting more till the bitcoin's price increase enough again. You never lose any money unless you sell your coins. Just wait more and be busy with something else so you won't have to think about your bitcoin often.

Good luck.
The price of Bitcoin have mow rallied and it's for you to decide if to take profit or to keep holding. More important is to stay abreast with the market and be well guided, though the price of Bitcoin have proven to be resilient and always bouncing back, it's however not enough to conclude it would always stay so, thus suggesting that whatever price might not be good enough for buying Bitcoin.
1803  Economy / Exchanges / Re: I want to invest $200K to set up an exchange and I need your help on: July 22, 2017, 09:57:31 PM
This seems doubtful, a newbie account, asking for advice about how to open an exchange and that has 200000 every month to spare, it is too good to be true and when that happens most likely it is.
A newbie only signifies a newly created account, it does not tell anything about one's experiences and exposures as you can equally  see a number of newbies making meaning contributions in their posts, while couple of high ranking member drift off tangentially from topic on hand.
1804  Economy / Gambling discussion / Re: do you use analysis when play gambling? on: July 22, 2017, 01:20:31 PM
Just want know how much the gamblers who use analysis when play gambling and what kinds of gambling game? And do you think it is needed or not making analysis on gambling game or it is depend on lucky. Thanks for share your opinions and experience.
it is better to be analysed so that you will know the strategy that is working and the one that is not working.

I agree it is always better to have thing analyzed than just betting randomly.  Analysis is greatly needed in sports betting since we need to compare competing teams, environment, conditioning, fatigue factor and alot more.  Without analysis we will be clueless on any gambling games we are playing and that includes luck based games like dice, roulette, slot etc.
Although the analysis is better than random betting but there is no guarantee that can make you win the bet. as an example we are comparing teams that will compete but there any odds we need to choose before made a bet and i think that's can make us confused to decide whether to choose a strong or weak team. so my assumption even though we do analysis but still needed luck to win.
But with proper analysis, one stands a better chance for winning than does aimless shooting in the dark. It is possible to create some advantage with analysis then couple with some good money management,winning opportunities become less rare. If one is playing dice game for instance with chance of  70%, what it really means is that out of 100 bets, there is a likelihood to experience 30 losses in any order. Analysis would help a player on how to survive, atleast 30 consecutive loses. The ability to effectively deploy that would certainty create more winning opportunities fora  player. Not having good enough bankroll  and patience to stay with plan is usually the constraints most player face and not that analysis do not work.
1805  Economy / Gambling discussion / Re: From faucet to thousands on: July 22, 2017, 11:52:47 AM
I usually turn Bitvest's faucet to 250k or 300k tokens by just using 1000x multiplier ( which many people do ) and then I try to gamble using them to reach a million tokens which gives 10% in BTC . I have succeeded in this like around 10 times Smiley Its possible but it takes hell lot of patience.

I know it sound do-able but i cant imagine the amount of patience that you have in order to pull that out. I am happy for you that you manage to get btc out from nothing at the start. Keep it up and when bitcoin skyrocket to another high price, these btc can means a lot.

Faucet is easy work but it is full of lazy and time taking work. Believe me when i did it then sometime i felt frustration because i have no too much patience, and working on bitcointalk is much better than faucet. Also i am not understand that why people like faucet? May be they want some free mind work.  

I don't see faucets (from gambling) as a profitable way to earn bitcoins. Actually, the amount of time needed to perform this task is way tooo much and it's not worth it at all.
I did it once I think and decided to not do it again based from that one time experience. I've put a lot of time and I'm done with it. I'd rather grab my laptop and do some programming/watch tutorial videos and learn something new that might give me more chances in the near future.

if we only depend on the faucet from gambling site or other sites, then its not worth because the rewards is too small and its better to do other thing. today, every faucet site can not give big rewards for us because bitcoin price is too expensive so the owner don't want to spend much bitcoin. but i have a great experience from faucet in the past and now i only can remember as a great memory for myself and because from faucet i can earn bitcoin by free  Grin
If you're really out to have fun playing these games, you really cannot afford  out of pocket spending all the time, because it among other things puts a player under pressure to win and that is actually when losing becomes inevitable. After being a while with some dice sites - with several deposits, investing and other supported activities, it gets to a point where your daily faucets become reasonable to pursue any gambling fantasy you may have. Everything boils down to proper planning, there's no free money anywhere.
1806  Economy / Trading Discussion / Re: Fear Of August 1st on: July 22, 2017, 11:32:39 AM
Honestly i don't understand what actually do you mean.. Well bitcoin was stable few weeks ago with $2300 value but people are afraid about segwit or what will happen in august 1 that is why the price was drop until $1800 value but after beginning running segwit software by some miners its normally running this is what i heard from them and announce that segwit is running normally so it means after august 1 after activation it will running normally..
This is the reason the price was increasing fast until the price was touch back to $2700 value ..  but the fear after this month there are still people are afraid after august 1.
Yes the market was actually on a free fall, but got some respite when some miners started signaling for Segwit2x through BIP91. However, that is more or less a first aid, what a number of people fail to understand is that Segwit2x also proposed a hard fork to follow after 3 months of activating segwit, which would change the cords of Bitcoin and that where the BIP148 - UASF guys differ.

My decision was selling it. I really couldn't take the risk of sharp downs. I sold it out and started to wait for 1 august segwit. Carrying positions very dangerous for now.

By the way, what's the chart or system you used in the image? It's very cool.
Not a bad idea to steer clear of troubled waters especially if one does not have a lot of fund, however knowing that market price doesn't continue indefinitely in anyone direction can create a lee way to lay ambush for the market, buying at significant support levels and sell off at resistance levels, on and on till the storm be over. For now the storm is not over yet.

I use Fibonacci retracement and Bollinger Bands for charting the market, your can see how market reacts at those levels!
1807  Economy / Trading Discussion / Re: Fear Of August 1st on: July 22, 2017, 08:57:34 AM
What do you mean? Bitcoin price still persist over $2650 and where do you find it at $2300, on your trading desk?
That was on the 18/7/2017, price was $2300 as in the image and I actually bought some Bitcoin, because the signal to buy(bounce from 50% Fibo retracement level and oversold condition from Bollinger Bands) was strong enough for me.
 
Quote
Do not spreading fud news, bitcoin won't split into 2-4 coins, bitcoin still one and always be the one, consensus rule make it happen.
People or miners simply choose to signaling for segwit or not, if the hashrate on the deadline still not enough around 89%-95%, then it won't be activated. Let's see what will happen in August, but I'm quite sure bitcoin won't split.
Edit : For BIP148 Bitcoin, if garners >51% of the network hashrate, UASF supporters are victorious.
I don't see how that's spreading of FUD! Are you well aware that signaling of BIP91 was fast tracked to counter UASF that is billed for August 1st?  Notwithstanding that more than 90% of miners have signaled for Segwit2x and BIP91 locked-in, there is no consensus and Bitcoin core are still bent on BIP148.

Apparently Bitcoin is not all about miners, but users and companies that does business with it. With that, you don't require a mirror to see what is in your hand and it's certainly not a time for wishful thinking, follow the facts and you won't be caught up by any surprise.

http://www.trustnodes.com/2017/07/18/60-bitcoin-miners-started-signalling-segwit2x
1808  Economy / Trading Discussion / Fear Of August 1st on: July 21, 2017, 11:21:19 PM
On the 18th of July, after the market  hqd taken a plunge two days earlier, this was the picture on my trading desk. Looking at the picture and then the possibility of a split into 2 - 4 Bitcoin coins, what was going to be your decision? Do you think those indicators have anything to add in reaching a trading decision? In between when this shot was taken and now, market have moved from $2300 to Over $2700 and most likely testing $3000 before 1st of August!

1809  Economy / Trading Discussion / Re: Another opportunity to buy Bitcoin at Cheap price on: July 21, 2017, 10:48:09 PM
Many traders are selling off their Bitcoin because of what will probably happen on August 1. https://coindesk.com market index show Bitcoin trading below $2000 I think this is the best time to buy as the dump is see to be over at the moment. Having been following crytocurrency for quite some time now I see this as another way of dumping bitcoin lower so the professional and skillful traders to buy low and take profit when the price get to $2800. For your information, nothing serious is going to happen August 1.

I missed the opportunity. I thought about buying some, after they got around $1900 but decided to wait another day or to, to see how far they would go. Now they are back at $2300. I guess I will just keep holding them, but I definitely feel that I'm missing some good trading opportunities.

Guess many of us did miss that opportunity.
Too much ruckus about the panic selling that is caused will be the cause of the fork that is why buying bitcoin didn't matter. But Thank God I didn't go with the band wagon of the panic sellers and let it hold until now. Yehey! It is back.
I guess quite a number of people were trigger ready after the rebound from $1800,which happened to be the 51% Fibonacci level and again $2000 market level was supposed to be a psychological level. Not surprised mopping up got on the way shortly. Even in a massive selloff, market doesn't turn out a free-fall, there will away be checks and at these check points, tons of money can be made.
1810  Bitcoin / Bitcoin Discussion / Re: Bitcoin is instant way to get rich ? on: July 21, 2017, 09:50:05 PM
I think bitcoin is instant way to get rich but you need to consider your effort and you to work hard in order to reach that goal.
I see contradictions! If one has to put in lot of effort and work hard, then it has absolutely nothing to do with that word "instant." Instant would mean effortlessly  and no waste of time, but most of the money that have been made through Bitcoin is as a result of the value time adds to it, that is what HODL does and I doubt lazy people will find it interesting.
1811  Economy / Trading Discussion / Re: Advice please on what to do with my coin on: July 20, 2017, 06:39:13 AM
It is an another mistake you invested in a hyip scheme!
I do not think you need to cashout back because you already have lost all the investment you deposited!
Do not be panic, it was a lesson for you to understand the scammers
Now you are the one acting like a noob here. Op never said he invested in some hyip. By hype, he was referring to all the noise and buzz on Bitcoin from every direction. He obviously swallowed them hooks and sinkers and that explains the situation he is having. I think his nerves must have calmed  by now because a bottom to the price of Bitcoin seems to have been reached and a rebound is on course. If op took the advice given him here, not to join the FUDsters, he would probably be happy now. However the situation highlighted the fact that one has to properly equip oneself with right knowledge and skills in any business one intend embarking on to ever dream of success.
1812  Economy / Services / Re: [FULL] YOLOdice.com Signature Campaign on: July 18, 2017, 11:06:04 PM
Just noticed  that payment for 10- 16th July already received in my Yolo Dice account, thanks Ethan-nx and the entire management of YoloDice!
1813  Economy / Services / Re: Let's Build Together-Earn $100/Day On Steemit on: July 17, 2017, 09:07:20 PM
Sounds interesting! Until now have not been active overthere, but I think this would be a push! Going to follow all above, let's make this work!

https://steemit.com/@victorycoin
1814  Economy / Trading Discussion / Re: Another opportunity to buy Bitcoin at Cheap price on: July 16, 2017, 11:53:54 PM
There is no opportunity for me i bought at $2300 few weeks ago and thought it would rise but now it has gone to $1900 which I'm pretty sure very less people out there had expected this or had an idea about this fall. If you are looking for short term profit and bought at a higher price you will be in loss for next few weeks or even months but luckily for me i bought for a long term period for next 5 years so no worries. I would buy more now but unfortunately don't have the sufficient funds.
It is a pity you were oblivious of the fact that Bitcoin had been in overbought conditions a long while and as such only ideal for very short term trading and not to buy hodl except you got a deep pocket. In all honesty, technical analysis is essential for trading Bitcoin, though it may matter less for altcoims with small liquidity. Applying it, you may never buy at top again and be able to figure when a reversal is passed a retracement. If you can afford to hold out then go ahead, but if otherwise, will suggest you keep tab on Bitcoin FUD induced selloff, sell half your stock and buy again after a great dip. You either day trade your way up or effortleddly hold and  wait.
1815  Economy / Gambling discussion / Re: From faucet to thousands on: July 16, 2017, 11:08:07 PM
It's very hard to win thousands just using faucet. Some sites offers faucet but with low amount because you need to wager or level up depends on the site but making faucet to thousand you will need a good luck. You might trying hitting 9900x payout from day 1 and don't stop until you hit it.
It is really hard to win thousands of dollars with just faucet but if you are really having a lucky day then you could win those kind of money,anything is possible when it comes to gambling,hitting 9900x is really hard and never expect to hit that with faucets and i am sure all the sites have a limit on the number of claims.
Op was actually  looking  at making of hundred thousands of Satoshi and certainly not thousands of dollars from faucet claims.You would  be super lucky to accomplish the later, because even magic cannot do it. For thousands of satoshi, it's all possbile with sizeable faucet claim and some logic, because casinos are no Santa claus. Here are two instances, but don't ask me for the logic:

           

Today:
1816  Economy / Gambling discussion / Re: What is your reason to gamble? Fun or profit? on: July 16, 2017, 10:28:37 PM
I won't be bias anymore, I will always gamble just for the profit. And if there are times that I gamble only for fun, then that's just a bonus round.
I don't want to tell others that I'm only gambling for fun because it's just about entertainment or something like that.
We are all grown up and gambling is money, but it has two options it's either win or lose.
If gambling for fun actually translates to being indifference  to whether I win or loss, then I have no part in that! Am a mathematician and I play only roulette and dice as a challenge every time I play. What to call fun in it all, is that Bitcoin and cryptocurrencies in general have made it possible and easier to have the house provide the funds and not from my pocket.
1817  Economy / Gambling discussion / Re: Does experience matter in gambling? on: July 16, 2017, 09:59:26 PM
Experience is very important but I think also depend on what game, maybe if it is just based on luck and you just play with a small amount I think you should nothing to worry about your loses. Maybe if you are a real gambler and you wanted to win huge amount so you really need to spent more money/bitcoin then you really need a good experience for you to handle loses.

It may be important at some point but it wont really help you to win. If you actually think like this and could write like this then you are going to try and prove it, the fact that you didnt try it only means that you are not convinced as well that it will really help you to win the game, isnt it right?
It cannot help you to win but at least you've try and experience to play in gambling so that in the next time around you want to play you already know how to do it or to handle it.
If really experience has no role to play in winning a game then it's a wonder what would. A lot of things in life work in cycles, if you don't have the eyes for it, you may never know they even exist, but if you do and can spot one coming, you can save yourself some colossal damage and live to fight again and again. Why does driving experience matter for a driver, if it adds nothing to safe driving?
1818  Bitcoin / Bitcoin Discussion / Re: If there's a fork on: July 16, 2017, 09:39:22 PM
Calm the fuck down, so annoying to see so many fork FUDSTERS, if you create panic nobody will be better off.

Just relax and sit back and enjoy the ride.
I feel for newbies, the sucklings of Bitcoin community, all those not too enlightened or privileged to stay abreast with the show of immaturity going on around Bitcoin and especially for all the new converts to crypto-world. All these show of lack of order and sense of reasoning allowed to ravage the community can actually traumatize latest adopters and this was supposed to be a knowledge - based discovery! Is it a truism, that the more wisdom men claim to acquire, the more nitwitted they tend  Roll Eyes  Huh
1819  Economy / Speculation / Re: Is it too late to buy bitcoin? on: July 16, 2017, 08:39:28 PM
BTC Not to late to buy bitcoins but i suggest to buy bitcoins after the segwit in August 1. After that all things go back to normal so wait for it

Yes I agree it is better and would be better if we wait for that period to buy bitcoin.  We do not know what will happen on that day, August 1, the price of bitcoin could go up or it could drop.  If it will drop everyone will be happy and they will for sure buying bitcoins as bitcoins is tested.  It could give an income and if you have many bitcoins, it has the potential to make more and it will grow. 
In every business, to get ahead, one have to be willing to take some risk or one is sure to end up with average reward. Don't follow the crowd, they would always show your all the reasons why the sun won't shine! Rather take your time to make full assessment of the situation and then make informed decision and take responsibility whatever the outcome. This could as well be a one in a life time opportunity to board a lunar flight right from your door steps.
1820  Bitcoin / Bitcoin Discussion / Re: Do Banks fear cryptocurrency on: July 16, 2017, 08:00:54 PM
Banks fear crypto currencies surely, regarding its fast growing lastly they fear it will be the most used currencies worldwide and that's isnt compatible with the banking system interests.
Don't think the interests of banks are set in stones, they're known to follow profits where they can be made. If it were as easy, they would have already rolled out a number of products based on the technology, but their wings are clipped by the government agents - central banks.  Something worth noting is the fact that cryptocurrencies are digital assets and at one time or the other, a need to turn them to cash shall arise and that inevitably makes banks and fiats currencies indispensable in any complete cryptocurrency equation.
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