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1801  Bitcoin / Press / Re: [2017-11-27] Bitcoin - Too Far Too Fast? on: November 27, 2017, 04:12:04 PM

I am torn, because my thesis of 'ease of adoption' seems to be playing out and in general it is a long way from being fully played out, which by itself is supportive of greater price appreciation.  But, at the moment, my concerns are winning out and I'd be taking some chips, or bits, as the case may be, off the table.


There isn't much scope for 'ease of adoption' when fees can go 5x the normal fees when few big players decide to manipulate market. I'm referring to the event happened two weeks ago, when an activist group (mostly miners) tried to mainstream BCH in place of BTC. The fees went to 0.002+ (~$19) then. Now if someone adopted Bitcoin, will he consider spending $20 while making transaction!!
But this must not be confused with price rise. Bitcoin is now the most lucrative asset to add in portfolio for traditional investors and they doing so at large scale. This will continue next year too. So on investment aspect, Bitcoin is still too Far due to entrance of new class of investors.
1802  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin need to be taxed? on: November 27, 2017, 03:41:43 PM
Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job? 

Doing contract killing gives you income but is it job? Do we tax Killing Bounty income?
Earning Bitcoins isn't come under economic jurisdiction of most of the countries. You can send, receive, hold, trade as many Bitcoins as you want to. But where problem actually comes is while converting them to fiat money. As according to law of all countries, when you sell or buy Bitcoins, such activity will be considered economic one. Depending upon your countries laws, you have to pay tax.
1803  Economy / Economics / Re: Cryptocurrency as the Imperial End-game on: November 27, 2017, 02:25:14 PM
The global empire is tired.  Its real economic output is being surpassed by new, rising powers.  It has issued so much debt that there's no hope of really paying it back.  Its people are used to the good life and are less productive than before, and its prices are too high and can't come down without a disaster.  It has been hit by financial crisis after financial crisis.  Everyone in the know is saying the empire's days are numbered.

But the empire has one last trick.  It manages to get the bankers and politicians in all major economies to change their monetary system so totally that the empire is suddenly much wealthier.  (Don't ask me why those countries agreed to it!)  The empire lasts another half-century in splendor and comfort.

2010s America?  Good guess, but it was 1870s Britain.  Britain talked the US, Germany and France into abandoning silver as money and using gold exclusively.  The Bank of England, which had gold but not silver, suddenly got rich, relatively.

Perhaps, the reason why the US and Germany foolishly abandoned silver was , like Napoleon said, bankers have no loyalty to their countries.

We've seen this movie before.  Substitute cryptocurrencies for gold, and gold for silver, and it's the same script.  More or less.  I suspect it will end the same way.

Cryptocurrencies won't contribute to the reconstruction, rather they will further degrade the global economy. Why?
No doubt everyone wants to see his nation growing and strengthening but not everyone can contribute to that hugely. It is always government or banks that take steps in the field of economic reforms. But if we substitute the concept of state's money to people's money, government or banks will no longer be the biggest player in economic construction as cryptocurrencies are already distributed among group of people.
The current holders will become new ultra-rich and non-holders will become poor. As a result, economy will crack drastically.
1804  Alternate cryptocurrencies / Altcoin Discussion / Re: RECOMMENDABLE EXCHANGE on: November 26, 2017, 06:53:37 PM
I'll suggest you use bittrex, I've been using bittrex for a few years, and I'm sure till now bittrex is one of the best exchange sites.

Really! I have listen many users complaining unnecessary ban from Bittrex. How can we leave our thousand of dollars worth of cryptocurrencies on a site which can ban our account without any notice! I don't want to wake up any morning and see my worthy crypto assets get locked with shitty red message!

On above of that, I am still unable to understand why Bittrex made it compulsory to verify account even if we only interested in crypto-to-crypto exchange. It is understandable in case of fiat-to-crypto exchange or vice-versa due to legal compliance but clearly an arbitrary decision if exchange is restricted to cryptocurrency ecosystem. Are they selling our data to some companies and making more money? Who knows!
1805  Bitcoin / Press / Re: [2017-11-26]Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption on: November 26, 2017, 06:16:31 PM
Many still say that Bitcoin tremendous rise is BUBBLE! But I am pretty sure these prices aren't bubble anymore and backed by real adoption. However, the rapid increase as we seen in 2017 may not followed in 2018. Reason, if someone invested in Bitcoin back in Jan 2017 could have already made 9-10x of the investment. But such returns aren't longer possible. On whole, Bitcoin charm as high-yielding investment will start to dim with rising price. And sooner or later will result in downfall of demand. Hence Bitcoin is now in paradox state.
1806  Economy / Trading Discussion / Re: Altcoins and the road to recovery on: November 26, 2017, 05:34:32 PM

This pattern is so familiar with (decent) altcoins right now that I'm just a bit unsure of what the best strategy is:

1.) Stay in the trade and hope that 33% btc value loss is recovered or
2.) Exit the trade without much loss in most cases and trade elsewhere (I guess I also need to get over my attachment to certain altcoins).

Or any other advice & suggestions would obviously be welcome.

You aren't alone with whom this happened. It is clear you bought in pump. On the basis of my past experience, I can say if you bought in pumps and wait for long without selling coins, you can't see that price again in future.
For example, I bought BURST when it was 600 satoshis, it went to 900 but I resisted to sell, soon enough it started breaking and fall below 100. Now there are recurring increase in price but it never go above 200 sats. Therefore, I suggest if your bought coin isn't of big cap then don't keep it for long, sell and move on! It won't gonna touch 600 sats again.
1807  Economy / Economics / Re: Where Will The Digital Economy Take Us? on: November 26, 2017, 04:35:08 PM
What will happen with Blockchain technology in the next 50 years?

Although for digital assets generated from Blockchain technology like Bitcoin and other coins, it is difficult to predict future due to their highly-volatile nature but Blockchain Technology individually is a horse of long-run.
Best sector where we can see Blockchain grooming is Banking. Few banks already adapted blockchain in their operations. Recently India's Central Bank is planning to launch financial model based on Blockchain. It is most economical technology when it comes to data remittance or transfers. Along with that, it can also be used to launch Bank-oriented Cryptocurrencies. Banks can offer their cryptocurrencies to users and it can upcome as new form of bank deposits. Also Banks can use them as security for taking loans from different sources.
(Are you thinking of E-Coin from Mr. Robot, no I am not talking about that.  Grin)
1808  Alternate cryptocurrencies / Bounties (Altcoins) / Re: Bitcoin Bullet Twitter Campaign || Earn Dogecoins + Free Twitter Re-Audit on: November 26, 2017, 03:49:02 PM
Thanks for participating guys. This is close now. Any new submission below this won't be paid.
I am quite busy these days so it will take around 2-3 days to pay all and to run re-audits. Please cooperate, everyone will be paid.  Wink
1809  Bitcoin / Bitcoin Discussion / Re: once all bitcoins are mined on: November 26, 2017, 03:43:06 PM
Hello!

i was wonderning, how much time do you think it will take for all the bitcoins to be mined? And once all the bitcoins are mined how will that affect the price?

If we think technically and in accordance to halving theorem, whole Bitcoins can never be mined because the numbers can never become zero. But if we addon the feasibility aspect, after 124 years from last halving, rewards will drop below 1 satoshi hence it will become zero profitable to mine any further. Thus mining will stop there and some 0.00000xx BTC will left unmined.

Now coming to prices. Current supply is ~80% of total Bitcoin which is very low according demand of Bitcoins. Adding 20% more to it or stopping it here won't affect the ongoing demand much. Hence there are several other factors having huge impacts on Bitcoin prices already. In such scenario, I don't think stoppage in increasing supply would impact price much because it is going to be very slow and gradual process.
1810  Alternate cryptocurrencies / Altcoin Discussion / Re: Next Altcoin to jump, currently under $5 on: November 25, 2017, 05:57:47 PM
What do you think the next altcoin under
$5, that will jump to 10 or 20?
EOS, Raiden Network, Power??

If you are serious long term hodler, my bid will be on STRATS. It already had a roller coaster ride to 0.004 BTC few months ago and can go back to 0.002+ within 3-4 months.

It is too early to predict future of POWR. No doubt coin has a huge potential and backed by invincible project but still it is currently under $1 which is already 10x of what it was initially. Expecting 5x from now doesn't seem real. But even so including that coin in portfolio won't sad you.
1811  Alternate cryptocurrencies / Bounties (Altcoins) / Re: Bitcoin Bullet Twitter Campaign || Earn Dogecoins + Free Twitter Re-Audit on: November 25, 2017, 05:04:54 PM
Sir I have a question about the free re-audit of twitter, Does it include the removal of fake followers? or just a pure re-audit on the twitter account?  Huh
Thank you sir  Smiley

It's a pure reaudit of twitter account. Twitter Audit Pro allows option to remove fake followers for only one account per subscription so it won't be possible.

I think you guys think we are here to joke🙄🙄, 100 doge, just 0.2$ not even worth 1dollars for promoting ur twitter page??, count me out

No one forcing you or anyone to join, you can stay away. O Wait, let me guess, congrats you just made another shitty post for your signature campaign.
1812  Bitcoin / Press / Re: [2017-11-25] Bitcoin gets more popular in India. on: November 25, 2017, 03:13:49 PM
India according to me, has the best potential for Bitcoin, once the scaling issues has been sorted out. India has one of the highest unemployment

stats and some of the poorest people on this planet. They NEED cheaper transaction fees and fast global micro transactions. They have huge

informal markets and will benefit a lot from Bitcoin, WHEN the scaling issues have been resolved.  Wink
What you have to offer will be beneficial not only for India. It would be beneficial for all. But I do not see the possible solutions to the decline in prices for microtransactions. The miners do not want to lose profits. And the worst part is that they don't want to negotiate. We've all seen their attack on bitcoin.

It is indeed a solution for micro-transactions. How? All the big exchanges in India provide service of internal transfer where person can send money to other users without actually creating transaction on Blockchain. It is simple account-to-account transaction with zero fees and instant transfer.
When more and more exchanges open in a country, larger userbase which currently using international wallets or exchange solutions will turn to local exchanges. When majority is using such exchanges, exchanges can come mainstream as a payment gateway with option of internal transfer and people can use that as merchant service and send/receive payment instantly.

This is 6th major Bitcoin Trading platform in India in my knowledge, hence Bitcoin gonna have bright future in India. Welcome to next superpower of Crypto world.  Cheesy
1813  Economy / Economics / Re: The Real Reason for Bitcoin's Rise, Take II on: November 25, 2017, 02:36:47 PM
Let us take a different angle this time.

Western governments and central banks would like us to believe the rise of cryptos is due to supply and demand, and that they will not and should not interfere.

But would that make sense from the elites' point of view?  It might make sense to suppress cryptos and eliminate competition against the assets they issue, which are the basis of their power and wealth.  Call this case A.  It might also make sense to use cryptos to support their assets, by buying a lot early so they can (effectively) peg their money against cryptos in future.  Call this case B.  It would *not* make sense to let market forces decide the fate of cryptos.

For centuries, the Western elites have artificially suppressed the value of gold and silver.  (The 'gold standard' was just one of such schemes.)  Markets for money and key financial assets have never been free in modern humanity (with the possible exception of the Italian Renaissance at the start of this period.)  There's no reason to believe that, today, all of a sudden, they are.

Judging by the price movements and official actions recently, case B is looking more likely than case A.

To be a good detective, you have to think like a criminal.  To be a good macro investor, you have to think like the elites.

Case X:
When we say Demand Rise in Economics, it means greater urge for commodity from public due to reasons like increase utility, increased income, etc etc. But demand of Cryptos only based upon speculations (if not completely, then 99% for sure). Person buying Cryptos today has only one intention, to sell them for higher tomorrow. Hence Crypto market is nothing but a replica of Ponzi ladder. This explains simply why Bitcoin and other cryptos inflating every other day.
We do need add some utility in crypto market. This could ensure to some extent that crypto market won't fall down dramatically within short period during dim-demand days.
1814  Alternate cryptocurrencies / Bounties (Altcoins) / Bitcoin Bullet Twitter Campaign || Earn Dogecoins + Free Twitter Re-Audit ENDED on: November 25, 2017, 01:48:22 PM


Bitcoin Bullet is the Twitter Magazine for Bitcoin and Cryptocurrencies updates. It has been in operation from 2015 and till date shared more than 2.5K tweets. With 31K+ followers, it is a perfect platform for ICO developers to share their projects among large Crypto Audience.

This is close now


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1815  Bitcoin / Project Development / Re: Bounties and emerging business of the new era on: November 25, 2017, 12:53:15 PM
Great article! In the scenario where ICOs are increasing day-by-day and becoming hot among investors, it is important that they go through perfect channel of advertisements so to create maximum impact. Bounties are no doubt most effective way to marketize ICO and have become integral part of ICO launch.
I would like to add few points in addition to points in article,
  • ICOs should never promise amount in Dollars or other fiat conversions when they actually paying in tokens because cryptocurrenices are highly volatile instrument and may leave participants highly-unsatisfied if prices of tokens change drastically from pre-ICO to post-ICO period.
  • ICOs should have some funds for preliminary marketing so they can conduct some bounties in BTC. This on one hand brings more interest from bounty participants and on other hand enhance company's image as professional project.
1816  Economy / Exchanges / Re: Best exchange for crypto-currencys? on: November 24, 2017, 06:05:09 PM
I found etherdelta and hitbtc are more reliable and most of my tokens quickly listed in these exchanges either from Ico , airdrop or bounty these exchanges will take most of the newly introduced coins.

Are you serious about HitBTC?
Their support system is totally crap. Suppose you send ticket today, you will get reply after 2-3 months stating apology for not replying to ticket and to submit another ticket!

Nearly all exchanges are crap. Suppose the price of a token rising quickly, what they will do, they will put red mark of deposit/withdrawal first of all. Then they will make sure that their pockets have been filled with profits during pumps. After then only, deposit/withdrawal gets enabled again.
All exchanges are hit by a chronic cancer i.e. Centralization!
1817  Economy / Services / Re: Bitcoin Bullet | 0.01 BTC Twitter Giveaway on: November 24, 2017, 02:28:23 PM
Hello web, I have some question/s since I bet still no one asks this and didn't mention on the OP on how you choose the future winners for this contest? is it through random.org? or whatsoever...

Hey,
I will be using a combination of random and systematic sampling.
Every fifth of the random winner selected from here will be awarded: https://competitionagency.com/tweetdraw/
Firstly the selected person will be checked if he replied to tweet manually, if he/she didn't, the script will be run five more time.
1818  Economy / Services / Re: Bitcoin Bullet | 0.01 BTC Twitter Giveaway on: November 24, 2017, 08:44:02 AM
So we don't get the amount now to try it. Or we wait til the 30th . So I can sign up

Winners will be declared on 30th

I want to ask, how many participants will receive the prize? or just one person.

Thank's Wink

There will be 2 winners.
1819  Economy / Services / Re: twitter bad follower removal on: November 23, 2017, 04:23:01 PM
is there such a service as a twitter bad/bot remover service?

if so, how does it distinguish between a bot account and someone who has not put in any details lol

please list here or get in touch with a price if it can be done or how to do it.

You can try Twitter Reaudit Pro service. That's best service. It can auto-detect fake/bot followers from your account and remove them.
However, it is not 100% corrent.

Actually true, I bought this twitter audit pro, and and it actually worked. Previously I have 39% fake followers, and now I have actually 0-1%.

But that doesn't guarantee it removes all fake followers. 39% fake followers were also based on result of Twitter Audit and new result is also based on Twitter Audit. One can't say it has worked 100% correct, both results may have errors or manipulations but as we have only one site to measure that, we have to go with it.

is there such a service as a twitter bad/bot remover service?

if so, how does it distinguish between a bot account and someone who has not put in any details lol

please list here or get in touch with a price if it can be done or how to do it.

You can try Twitter Reaudit Pro service. That's best service. It can auto-detect fake/bot followers from your account and remove them.
However, it is not 100% corrent.

This useful service.
How much cost Reaudit Pro?
Also I'm interested.. Will be automatic remove Fake/bot followers?

If you have followers upto 10K, you can go with Bronze subscription worth $5 per month.
For upto 100K followers, Silver Plan is $15 per month.
1820  Economy / Economics / Re: Some Bitcoin owners do not own Bitcoin. on: November 23, 2017, 04:15:32 PM

Having private keys or not don't imapct the supply of Bitcoins. In case of web wallets and exchanges, users no doubt only have representative value of bitcoin in their wallet and not real coins but those values aren't manipulative and web wallets or exchanges do have those Bitcoins in their cold or hot storage.

snip~

Again same thing, exchanges do have real Bitcoins with them equivalent to what users have on their representative wallets. There is constant influx/outflux on exchanges which ensures there is symmetrical cash (Bitcoin) flow on system. Which ensures in the case all users withdrawing Bitcoins, exchanges have enough to pay them all.

You've missed the point, which still stands. A lot of people who think they own Bitcoin actually don't at all. Until only you own the private keys to your wallet, you have absolutely no control over what happens to your coins, and no way of ever verifying if the exchange actually has your coins.

Sure, some exchanges can prove some of their actual Bitcoin balances, but in general most cannot reliably prove solvency. You must have not heard of all the problems with major exchanges to believe they have the system fixed.

And the point is, even if they do, you still have to trust that they will honour your Bitcoin withdrawals.

I did mention this yesterday... why I feel mass use and mass adoption is falsely expanded by a lot of newcomers who actually don't own nor use Bitcoin.

I agree keeping Bitcoins on exchanges is risky and doesn't guarantee you could actually take them out of exchanges and use them in open ecosystem. But still it isn't necessary that Bitcoin has to go via Blockchain everytime in stance of deal. It is ok if people trading it on exchanges. Exchanges themselves are the part of Bitcoin ecosystem and when people trade on exchanges, they are doing in closed ecosystem away from Blockchain, that's it.
Else, if exchanges are legit, you can't doubt on its solvency as there are real Bitcoins backing all the transactions on exchange that users add to exchange's private key held wallet during the time of deposit.
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