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1901  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: September 24, 2019, 09:06:24 PM
I'm scared for this season as Juventus fan.

The team is strong but we need time to adjust to new coach Sarri idea of the game.
In the time the Inter of Conte is running, the hope is they will be stressed and tired during the hot part of the season otherwise this year Juventus could lose his throne.

It's even foolish to think for a Juventus fan that because of a hot weather could make Juventus give up their throne from the rest of the Serie A teams. The Juventus you have this season is still the Juventus you have last season the only difference is you got better by adding De Light, Danilo, and Christian Romero to the team and if you look at the significance of the three signings you will see that Juventus is trying to improve their defensive end which is sort of the finishing touch as they already have a world class offensive position.
1902  Bitcoin / Bitcoin Discussion / Re: Big drop in hashrate on: September 24, 2019, 08:32:17 PM
It's really sad to think that a few days ago someone has posted that the hash rate is at its all time high and timed with the news about how BAKKT can be good for the industry I was really all up for it and then today I just saw one of the worst days ever since the bear market we have seen that started late December 2017. Of course that big dropped on the hash rate had triggered the price drop and we all know it decreased the market confidence of the people trading. I don't know the reason why it dropped that fast but I just hope we recover from this season before its too late and it triggers another big reversal in the market.
1903  Bitcoin / Press / Re: [2019-09-23] CEO of largest alternative investment firm vows not to buy bitcoin on: September 24, 2019, 07:41:44 PM
~snip~

It is of course his opinion and he's welcome to it but I find it very strange that anyone that's ever gone anywhere near the tech world isn't thinking about the miserable and risible failure of intranets vs the internet when it comes to 'blockchain' vs any system secured by a proper cryptocurrency.

Even if it made me sad no way would I discount the option that's being worked on by the most skilled people that clearly will have some sort of future no matter what. A two year old with a head injury can point to most 'blockchain' being DOA.


If you are thinking about blockchain outliving Bitcoin I don't think that it will go their too far since I still see a bright future ahead for the whole crypto industry. We are only seeing news about billionaires exploiting the blockchain technology but that is not the only news we see related to crypto. We still have developments from regulations and countries wanting to embrace the crypto industry and those are still plans about growing it. Blockchain might be on a faster pace but I don't think Bitcoin is that far behind from it.
1904  Economy / Trading Discussion / Re: Getting too emotional while trading crypto on: September 24, 2019, 06:52:27 PM

I would like to disagree with you on this part of your article. Too me colors on trading charts cannot really be labeled as for "pro traders" or not it really boils down to personal preference of each trader, the more they are comfortable with their own chart the more they'll get used to it. Like myself I'm more used to seeing green and red bars on my candlestick charts since it is what I am used too. Other than that your article really has no solution on avoiding emotions overcoming with your trade, you just basically described each common emotions but not how to overcome it.
1905  Other / Beginners & Help / Re: 10% ROI every day offer? on: September 24, 2019, 04:35:26 PM
That is a scam. First of all there is no such thing as a fixed return on a very volatile market even portfolio manager in markets that are stable cannot give a fixed return on fixed period for their client. Don't be fooled by this kinds of scams you will just lose all your money, the mode on where they have contacted you is another red flag since they have approached you through Telegram where known scammers hangs out. Its good that you have second thoughts on putting money to them and you have posted your concern here,  at least you know scams happen now on every platform.
1906  Bitcoin / Legal / Re: BitLicense Abolish. on: September 23, 2019, 08:19:23 PM
~snip~

I don't think that its true. Even if I do disagree with the whole BitLicense requirement thing a regulation is way different compared to a law created by their lawmakers. Regulations can be quickly imposed by any department part of the government as long as it involved them in fact regulations don't even exist if they don't create one. If the executive branch (the president) can create executive order (EOs) then also regulators can create regulations. It's the same thing what the US SEC is doing imposing and creating regulations involved in the crypto industry, Chino's argument is really wrong given on this situation. The better approach would be targeting the regulation itself on how it is unjust for the New York citizens involved or want to be involve in the industry.

The SEC is not creating new regulations. They are only applying existing laws like the Securities Act and Securities Exchange Act. These laws were loosely written such that cryptocurrency-based securities still fall under SEC jurisdiction. The same goes for the CFTC, IRS, FinCEN -- they issue guidance regarding existing laws but they don't write new laws.

The New York state governor can make executive orders, but the DFS cannot. I am no expert on New York constitutional law, but I see no obvious reason why Chino and his lawyers are wrong.

Agencies, like the FDA, EPA, OSHA and at least 50 others, are called "regulatory" agencies because they are empowered to create and enforce rules -- regulations -- that carry the full force of law. Individuals, businesses, and private and public organizations can be fined, sanctioned, forced to close, and even jailed for violating federal regulations. The oldest Federal regulatory agency still in existence is the Office of the Comptroller of the Currency, established in 1863 to charter and regulate national banks.

Just a quick search just confirms on what I am saying that agencies part of the executive department can not only enforce regulation but create them as well it is call "rulemaking" under the Code of Federal Regulations they can create their own regulation as long as it abides the current and existing laws of the USA or in a particular state. The regulations they make have the full power to act as a law since it abides by them as well if they aren't stepping any law with their regulations it is deemed allowable for their country. You can check out different answers in Google but you will see mostly the same answer that they are in fact rulemakers.
1907  Bitcoin / Press / Re: [2019-09-23] CEO of largest alternative investment firm vows not to buy bitcoin on: September 23, 2019, 07:24:32 PM
This has been the view of a lot of big companies ever since Bitcoin become head of the news, all they see is the technology running it but not the asset itself. Since Blockchain is a free technology and no one owns it this big companies exploited it and tried to create one of their owns and now you will see a lot of patent wars because of them creating their own versions of it. Stephen Scharzman is not alone on viewing cryptocurrencies like this he isn't the first one to take advantage of it. But I personally end up seeing this as an acceptable reason on why they are not interested in the crypto market since they already know the risk and billionaires like him are not really in for it like Warren Buffet who is always open in his views about Bitcoin as an investment.
1908  Other / Meta / Re: Should a post be deleted from poor grammar? on: September 23, 2019, 07:08:10 PM
If the grammar mistake is beyond comprehensible by the majority of the members then I think it's really a good candidate to be reported to the mods. The point of posting here in the forum is you want your message to be seen by others and the good part of it is they need to understand what you are trying to say but if your grammar is very bad then nothing can be taken from your post, it will be considered a worthless post. @OP how does your "friend" even know that the reason why it got deleted was due to bad grammar? If a mod has deleted your post there is no reason why it got deleted so I just guess that your "friend" here is guessing its just due to grammar, his posts that are being deleted might just be irrelevant to the topic he is posting it.
1909  Economy / Economics / Re: INFLATION IN THE UNDERDEVELOPED COUNTRIES on: September 23, 2019, 12:51:53 PM
You can't particularly blame the countries itself but the ones running it for putting their own country to the ground. One of the recent events is the countries who have fallen to the Chinese debt trap that led to China controlling the asset of their own country from their unpaid loans. This wouldn't really happen if this countries are smart enough not to accept the terms of China. Other mistakes underdeveloped countries are doing is overprinting their own fiat currency further devaluing it in its process. If only the government is smart enough they will know printing more money isn't really the solution to anything .
1910  Bitcoin / Legal / Re: BitLicense Abolish. on: September 22, 2019, 08:45:12 PM
Quote
One of Theo Chino’s attorney main arguments is that NYDFS, as a regulator, can only regulate. The NYDFS is not entitled to “invent” regulation. “[Regulators] can only act within the framework of a statute, law, that has been passed by a legislature,” says Ciric.

This is generally true -- regulators are part of the executive branch. They have authority to interpret and enforce the law, not to write it.

I never paid much attention to the procedural details of the BitLicense implementation. I always assumed it was championed by the DFS but ultimately passed by the legislature. Is that really not the case? Shocked

According to Wikipedia, the DFS -- a non-elected body -- just created new law. That doesn't seem legitimate:
Quote
On July 17, 2014, the department released details on a proposed "BitLicense", which places regulations on any company or person that uses cryptocurrencies residing in New York.[7] The proposed regulations were officially published in the New York State Register on July 23, beginning a 45-day comment period.[8][7] On February 25, 2015, a revised proposal notice was published, beginning another 30-day comment period.[9]

It came into effect on August 8, 2015.

I don't think that its true. Even if I do disagree with the whole BitLicense requirement thing a regulation is way different compared to a law created by their lawmakers. Regulations can be quickly imposed by any department part of the government as long as it involved them in fact regulations don't even exist if they don't create one. If the executive branch (the president) can create executive order (EOs) then also regulators can create regulations. It's the same thing what the US SEC is doing imposing and creating regulations involved in the crypto industry, Chino's argument is really wrong given on this situation. The better approach would be targeting the regulation itself on how it is unjust for the New York citizens involved or want to be involve in the industry.
1911  Economy / Gambling discussion / Re: Andy Ruiz vs Anthony Joshua II on: September 22, 2019, 07:58:20 PM
Anthony Joshua is really eager to prove himself that he is in top of the heavy weight division, which I think is a big mistake from his side. I know that AJ wasn't himself when he fought Andy Ruiz and having this rematch to the man who defeated him won't increase his chances of claiming the throne back, he needs to assess where he is in this division and the only way to prove that is to fight other boxers in the top 10 preferably the ones who talked trash to him when he got defeated like Deontay Wilder. With this move he looks like as if he has no way to go. To a lot of people maybe now they are all saying that the 2nd match win is on AJ's side which I think would be the wrong guess, one advantage AJ has is he already knows his mistake and let us just hope he takes advantage of it.
1912  Economy / Service Discussion / Re: Purchasing ASICS from BITMAIN on: September 22, 2019, 06:49:51 PM
Ordering in their website is pretty direct and you can even choose what carrier you want it to be shipped with they won't be the ones directly shipping it to you, the tracking number is what you will need to see how your parcel is going to you. What you need to worry about is the taxes it will bring once it arrived to you, I've seen a lot of mining equipment issues in the legal section of the forum and different countries or states in the U.S. have different taxes so be prepared for one if you have any taxes related to imported goods. Mostly if you are living in the U.S. some states issue taxes to imported goods when you sell them, so if you think of selling the ASIC miners you bought even if you already used it you will also be subject to tax.
1913  Economy / Reputation / Re: What if anyone copy-pasting the same message over and over? on: September 22, 2019, 05:48:40 PM
It may violate a rule like what actmyname said but I don't think it can be considered as plagiarism in any point. Plagiarism would only take place if he isn't the original person who have created that post and by the looks of it he is the only one posting his repeated messaged, even if he reposted it several times already there is really no plagiarism that took place. Remember plagiarism is copying another person's work without any reference towards that person. Just report the rule violations he had made and don't report it as plagiarism.
1914  Economy / Speculation / Re: The recession is going to pump the price of Bitcoin? on: September 22, 2019, 05:18:07 PM
If other markets are hit and the same people are liquidating all their assets (including crypto) then I think there is no industry that won't be affected and that includes the crypto industry. In a recession there is really no safe haven that is built to stand it because what is affected is the people around it not just the market within. If a lot of people are needing some cash on their hands right now then there is really no choice to go but to liquidate all their assets. The turning point in any recession is of course if you have an extra cash lying around for investing, buying it in the recession is good but of course the profits will have to wait after the recession is over. I just don't see in any kind of scenario where only the crypto market is bullish during the recession.
1915  Bitcoin / Bitcoin Discussion / Re: Why will BTC halving stimulate price growth? on: September 21, 2019, 10:17:35 PM
Most people will say that it is because the supply will be affected after that but the price growth involved in BTC halving is always about the hype around it, why? Because a lot of people are expecting it to go up and it triggers a FOMO. If it's about the effect of the supply then Bitcoin won't just go up instantly but in the previous halvings we saw Bitcoin just went up on a short time frame and in that case its more about the FOMO involved rather than the supply being cut, so if the hype stops then expect it to either consolidate or go down. I know halving is a good news for us but really don't expect that everytime Bitcoin goes into halving it will just go up because of it. Because really you still don't know where will it go really or when the price rally will stop.
1916  Economy / Trading Discussion / Re: Bloomberg Terminals on: September 21, 2019, 09:34:24 PM
It's more suited for people involved with the stock market and the global markets around it but do you really need to pay extra for a little to no advantage in the crypto market? If you look around you all your essential needs on learning and basing a trade are all for free. We have charts from tradingview as well as technical analysis found in their community we have several news sites where you can see a lot of news involving crypto we also have subreddit pages in general for crypto as well other cryptos having their own subreddit pages. And last we also have this forum where you can see a lot of things related from crypto from news to technical analysis. With the things I have said I doubt that even paying for a Bloomber Terminal software would beat the information given from what I have said. Be practical and don't spend extra on something you can't use in the market.
1917  Other / Beginners & Help / Re: Bitcoin Privacy - How easy it is for someone to find all your wallets addresses on: September 21, 2019, 08:46:50 PM
Walletexplorers won't help other people identify your personal identity but it will only help you connect all the addresses being used in one wallet, that is why this has been a big tool for alt account hunters linking bounty abusers in the forum. It may link members here and their alt accounts but it can't show you anything about the identity of the owner of that wallet. As long as you don't use your address publicly or is not tied up to you in anyway on any KYC process then the addresses you are using will remain anonymous and can't be linked to you.
1918  Bitcoin / Press / Re: [2019-09-17] Bug on Kraken Let Users Buy Bitcoin at Levels Below Market Price on: September 19, 2019, 08:10:40 PM
Every platform's trading engine is different so it makes sense that they don't have the same problems.

Bitmex, a very large exchange has been dealing with "overload errors" for quite a long time now, with no intention to solve it. That's way worse in my book.

Binance "losing" 7000BTC were CZ has requested a roll back of the Bitcoin blockchain, now that's amateurish. If that wasn't enough, hackers managed to game their withdrawal system multiple times. For an exchange that controls over 400,000BTC that's scary.

Coinbase this year has paid out $30,000 to someone as bug bounty, which is quite a big deal since they usually hand out amounts in the $100-$1000 range. It was severe enough for Coinbase to not disclose what that bug actually was.

I'll understand it more if the issues are not trade related like delays in withdrawals or bugs that don't change the tides in the market but this one is really suspicious to begin with. Market orders are supposed to be matched at the current offered price while the "bug" Kraken has lets you match the orders way below the market value which if abused by a lot of people can change the price in the world market. Other "bugs" I have seen are inflated volumes and fake bid orders where both numbers can influence the market as well. I'm no computer geek but this kinds of bugs shouldn't be undetected for this long and the crypto exchanges having this kinds of problems are lucky enough that authorities are not questioning every hiccup in their system. 
1919  Other / Meta / Re: Is this concerning? This could be a conspiracy too. on: September 19, 2019, 07:40:46 PM
It's similar on some successfully appealed permaban users get their appeals approved since the plagiarized post they made was posted when they were just newbies.

I don't think any appeal has been approved if the plagiarism has been already proven. Moderators are very strict on plagiarism. Even if a user has plagiarized some years ago, the ban will be permanent and the appeal won't be accepted.

  • Plagiarism: If you copy some text from somewhere, then you should have a good reason for it, and you must link to the source. Doing otherwise is plagiarism. Changing a few words around doesn't matter. If we find that you plagiarized, then you absolutely will be permanently banned, even if we find it years after you did it.

Where are you getting your facts at and are you even aware of what is happening in the forum? Here is a good example of how a member who had plagiarized was given a second chance to post in the forum again. I am talking about ChiBitCTy and he was one of the first ones to be lifted unbanned due to plagiarism, now he can post in the forum but still is signature banned for about a year since his ban got lifted meaning that he can still post but without wearing any signatures. Banned accounts now here in the forum can be unbanned by having an appeal for the account and you should convince theymos that the account has contributed positively in the forum because it is a case by case basis according to him.
1920  Economy / Economics / Re: $175 billion just printed and the Bitcoin price goes down! on: September 19, 2019, 07:14:48 PM
More like a correction to me rather than a bear trap but our views is headed in the same direction that Bitcoin is headed to go up. I do think that there is no connection of Bitcoin going down because the US has printed more money it's just 175 billion dollars spread out in every market and it covers everything to the point it won't have any effect in ours. Like I said this is just a a correction since we have been consolidating for so long and Bitcoin has just decided to take a first move in the market. The price did bounced well in the trend lines and we are now back up again at the 10,000$ level it may not have removed its loss today but  I think it's better than not recovering some of it at this moment. We are lucky that we had a correction as it also made the RSI oversold which is a good sign at the 10k level, we might see some early push in the coming days.
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