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21  Economy / Gambling discussion / Re: The key reason for gambling on: December 11, 2018, 01:19:39 PM
Some people are just happy to just met people from the casino and some are just fond of playing without thinking about how much money they lose just for the sake of entertainment. And there are some other people that who gamble only for the sake of profit so you can't just tell it if don't know the reason of why they gamble.
No, there are many gamblers who actually do not have any proper reason for their gambling. They simply spend some money on daily basis for their gambling still they cannot state one particular reason why they are gambling because they are not getting a satisfaction level of emotion with their gambling activities as they are not finding the exact result from gambling so they keep trying to find that.

They mostly do gamble just due to the got introduced to it and they do not know how to avoid it. They are finding some soothing from that environment, that could be the one reason but definitely they cannot state that. When you do not have one proper expectation from gambling like that could be making profit or finding entertainment or anything similar to that, how you can justify your gambling activity's core reason. They gamble because they are aware of existence of such a place and their financial situation is also allowing to do so. No other proper reason for sticking with that.
22  Economy / Gambling discussion / Re: Make money with martingale applied to dice game ? on: December 11, 2018, 11:55:44 AM
First of all never trust an online dice game that they will not roll 33 or more times always a lower or a bigger number because they can do that and screw you because they are computer software controlled. They don't have a memory of how many times it rolled a lower or a bigger number and do not care about statistics at all.
The randomly generated sequence will always be UNPREDICTABLE hence you cannot say "that cannot happen" or "that can happen". 33 or more times of consecutive up or lower may happen to me at the same time that software may not generate same set of things to you, because, it is based on some algorithm of random number generation. Purely in other words, ANYTHING MAY HAPPEN. That is the actual reality and happening with most of online dice gambling houses.

Martingale is dead from a longtime, it is just an old myth in the gambling scene, you cannot really apply any strategies to win in gambling, it is just luck that matters.
A mathematical thing cannot go dead, I am sorry. It may not be useful for you to crack profits. That's all. When luck matters  in an environment, you cannot be depending on something to get your preferred results. When moment of luck is highly randomized, your results also will be randomized. Simple Wink.
23  Economy / Trading Discussion / Re: Groing your trading balance with 3,778% in 1 year by only 1% profits daily on: December 11, 2018, 10:07:34 AM
A well composed OP to make more innocent investors to get convinced. But I just want to ask how easier to get 1% of your capital as profits on daily basis. Just looking back to my trading career, it is not an easy task compared to how it is actually sounding. Because, profit of 1% is also a big thing comparing to making losses. Many people here are sharing about losses in trading but you are probably misguiding this community with the very least figure.

Any consistent profits like even 0.05% of 0.01% also will be leading to a big amount after some period of time. All we need is consistent profits which is the actual catch here. You cannot perform consistently with trading as fluctuations are always NOT predictable and you may get struck at any time.

It means, you may make 1% profits for some five days and then on 6th day you may make 10% losses. Even professional traders also making losses. Consistency is the dream for every trader.
24  Economy / Trading Discussion / Re: which is easier 1-2% a day or 20-30% per month on: December 11, 2018, 09:05:47 AM
Ok neither of these are easy but as a long term strategy to do think its best to day trade and try and get 1-2% a day or invest in a couple of coins and try and get 20% over a month
In my experience, both are not easier. Yes, you cannot be sure about making some percentage of returns for your capital on day to day basis from trading. At the same time, you may expect some good returns on monthly basis but that also not an assured one as no one could predict about how you will be performing for a month as producing consistent performance with trading is a very big challenge for any level of trader.

Your question should be "which is wiser" rather than asking about it is easier one. Because, targeting some profits on monthly basis will get you to actual what you are looking for. We all know that day trading is always profitable one as short-term predictions will not work all the times for any trading pairs. But, position based trading may get more chances to fetch big profits. As of now, I believe you cannot target for monthly profits but you may go for long term holding like holding for three or four months so that you can get more than 30% profits also.
25  Economy / Trading Discussion / Re: How do I find quality traders? on: December 11, 2018, 08:28:22 AM
My question is where do the quality traders hang out? What motivates you to join a new exchange?
I just wanted to answer you based on the perspective how I am selecting any exchange. Only the availability of a new coin is the core reason to choose a new exchange. After the news of one new coin/token gets listing out into an exchange, I go for search to find out what are the exchanges are available for that particular new asset.

When two or more exchanges are available for the particular new asset, I will be choosing the most popular one rather than going for a new one. I'm always afraid of clearing KYC. It is kind of allergic to myself as I value my privacy more than exposing myself to them for the sake of withdrawing few dollars.

Honestly, I never bother about what are the trading fees and what are the extra features on exchange is offering. Because I'm not the continuous trader only to convert my new assets into btc/eth/ltc, I need for exchanges.
26  Economy / Economics / Re: Time zones and price behaviour? on: December 10, 2018, 06:35:38 PM
No matter how little amount of people are interested in USA (there is a good number but not as high as some third world countries that have 40%+ interest) the amount of money is the more important part of this discussion and USA has legalized and regulated crypto investments far earlier than any other major country and that has resulted with them having the most say in the price volatility.

One big whale in usa trying to get out would result with higher swings than thousands of people from another country trying to buy that. Hence, time zones of USA is the one we should be focused on a lot more than any other country. Another important part is that USA has different time zones but east side has Wall Street and New York which is the financial capital of the world and that means Eastern Standard Time is more important than any other time zones in the world.
27  Economy / Economics / Re: The mentality of an average wannabe investor on: December 10, 2018, 06:01:17 PM
The problem with investing in this market is that people who have not been interested in bitcoin longer than 1 year is seeing only the worse part of bitcoin. They have seen it go up once and they have been in a bear market ever since. This causes them to think bitcoin had a faulty move upwards and going back to what it should be to begin with or even going to die off. That is the wrong type of thinking but thats all they have seen in the past year.

People who have been around far longer like me does know that bitcoin tends to do these kinds of silly moves upwards and downwards but in the end the long term projection has always been high. Even during the worst times if you wait enough it goes back up, we remember what happened in 2014 and afterwards, it took YEARS before it got back but when it did the all time high of 1400 became 20 thousand.
28  Economy / Speculation / Re: Will BTC Bull after Christmas? on: December 10, 2018, 05:30:36 PM
after all that had happened, December was a decline in the price of BTC which was completely destroyed, and the sockets are now far beyond predictions,
some predictions say BTC will be bull early in December, but in the first week of December BTC has experienced a price decline beyond predictions,
Is the prediction that there will be a bull After Christmas will occur?
or will it fall further down?
There is no significant reason for it to go up after christmas, there is no point of it happenning unless something major other than christmas happens. Last year prices went down after christmas so there was no correlation between price going up and Christmas. Hence, I do not really believe that price will have any sort of change just because of it, maybe something major happens in crypto world and that changes a lot of things for us and it just happens to be at around the same time but standalone christmas doesn't have any sort of power to do that itself.

I think it will take at least another 2-3 months before we see a bull run, maybe it will go back to over 4 thousand dollars during that time but a proper bull run that sees us back above 6 thousand dollars can only happen after major stuff and that will only happen after the SEC deal which is 2-3 months away.
29  Economy / Speculation / Re: Bitcoin price Manipulation, the impact of Bitcoin SV. on: December 10, 2018, 04:21:08 PM
I don't think what happened was a "manipulation" but more like a crazy person doing silly stuff to promote his own coin. Obviously, Craig is a lunatic but is he a stupid lunatic or a smart lunatic we can't really tell, no one can really tell the difference on both of those things but him trying to write Arabic after the hacked satoshi account wrote in Arabic was a pity mistake that showed how idiotic he could be so I doubt he has enough mind to "manipulate" the market himself. He just sold a bunch of coins (tens of thousands of coins to be exact) which affected the market badly for all of us and dropped the price since there was not enough buyers at the time.

Ever since those times people have been selling because they want to get out and there are not enough buyers to balance things out.
30  Economy / Economics / Re: Consensus Algorithms of Blockchain/Dag on: December 10, 2018, 11:12:00 AM
Consensus algorithms are the basis of the Blockchain / DAG technology; they are like DNA without which the blockchain / dag would have no reason to exist, losing its characteristics peculiar and unique.

In this article we have collected all the algorithms that make possible what today is the Blockchain / Dag; useful for beginners but also for the more experienced, because it can give an input and a different view on the many cryptocurrency that there are, as well as the mere knowledge of the algorithm and the Coin itself (link to the site of each currency)
https://hackernoon.com/consensuspedia-an-encyclopedia-of-29-consensus-algorithms-e9c4b4b7d08f     continuously updated


I did not think they were so many   Grin
Seriously though I would never imagine blockchains to be this much innovative at all. I mean blockchain itself, the first ever blockchain system that bitcoin had was the epitome of blockchain for a long time, litecoin was also a close second as well, there was something like "namecoin" or whatever that people mined at the same time while mining bitcoin those days and those were it.

Looking at what blockchain became today, not only the different styles of blockchain and different ways of mining but also how they could be used to improve our day to day life with the new innovations just blows my mind. How amazing is it that people can actually improve something that already improved something so quickly. Bitcoin is not some old traditional legacy thing, it is cutting edge technology compared to everything else but when compared to some of the new systems, it looks old already.
31  Economy / Economics / Re: How can blockchain shake up the accounting industry? on: December 09, 2018, 05:17:07 PM
First of all the blockchain we are constantly talking about is the greatest database ever, if you can manage to create a database for accounting that is capable of calculating everything for you and keep that in a p2p storage without ever having a chance to get lost, that worth a lot.

As everyone knows that accounting is a huge business and there are a lot of billion dollar and more companies in the world of accounting and all of them have already built their amazing databases and software so it would be hard for blockchain to break into accounting.

Blockchain is a great choice for business' that are having trouble with software and blockchain provides a new better version but accounting is already working with great IT solutions hence it would be hard to replace something that is already working as intended, why fix something that is not broken.
32  Economy / Speculation / Re: Crucial time for bitcoin! on: December 09, 2018, 03:50:11 PM
So probably some of the investors who use to believe bitcoin are now decided that bitcoin is scam bynselling their bitcoin holdings. Many are dumping already starting to believe that bitcoin will going to end soon. Just basing on my experience I bought high when BTC worth 6K USD expecting that it was the baseline for its market price. However, it was wrong when it has drop for more  and now bitcoin has gone crucial times and it seems that scamming activity is mostly like to happen. It has not been adapted for widely use also globally so we could notnexpect something to happen for bitcoin like speculated bull run. This is just a work of a scammer that is so rich now! What do you think?
We really are in a crucial time its true. We can either make or break from here. Either we are going to be really huge and skyrocket from these prices and will look back on these prices like "I wish I bought more when it was low" or we are going to be going further down and really break everyone spirit and the volume will be low. Still, going down has worse results than what can be gained by going up.

First of all, if it goes further down there will be less interested people and there will be less coins because some will die and it will be harder and harder to go back up. However, if we go up even though that's great unless we reach something like 30 thousand dollars quickly, people who see the price going up will still be careful about it fearing a drop in price eventually because they are still afraid.
33  Economy / Speculation / Re: SEC delays decision on ETF again on: December 09, 2018, 03:14:40 PM
I am not too sure if this is a bad thing or not. I know prices got affected by this but in reality maybe they couldn't find a reason to reject it and wanted to postpone it to take a look at it again to find any mistakes or problems with it ? I mean think about it don't you think if they had a cause to reject it they would postpone it, if they were going to reject it and had a reason to do so they would just reject it right away without taking extra time for it.

Since, they postponed it that has to mean they couldn't find a reason to reject it and trying to look for it. Not that SEC wants to reject it but it is clear that rejecting something is easy but accepting it takes time since it could mean bad things if they accept something bad hence they need to be really careful. That is why I think this delay is great for us and shows promise of getting accepted.
34  Economy / Speculation / Re: How likely do you think it is we see triple digits in 2019? on: December 09, 2018, 02:43:43 PM
Inspired by two equally bold and opposing calls in the Chessnut's 'Critical Level's' thread (85% and 20%), thought it would be interesting to see what anyone else has to say ...
Poll closes in 23 days, unless target hit earlier  Wink
Triple digits as in 999 dollars or less ? I doubt we will ever see that, I mean I do not want to say there is 0% chance anything like that ever happening because this is bitcoin and a lot of stuff that we said will never happen has happened but that is a really big drop in price after such a big drop.

If the price wasn't dropping this fast this soon I would say there is zero chance but since the drop became very quick the only chance of something like that ever happening is if a big whale like Craig decides to sell a lot of bitcoins once again. I doubt they will do that now though, it was a risk at 6.5 thousand as well but definitely worth it for him since he used that to get his own coin out there but right now after all of this happened it would be a financial suicide.
35  Economy / Economics / Re: ETF rejected on: December 09, 2018, 12:33:22 PM
As they said in the SEC, it can be approved tomorrow and maybe in 10 years.

Exactly, there is no deadline set so the decision could be made anytime.
That is why it's important not to rely on that and not to expect too much from ETF. To be honest I don't think this will influence market in some very significant way so don't base your decision and strategy on that, it doesn't make sense.
Definitely not. Initially the plan was to make people rely on ETF decision thus to manipulate thr price but as we go along the way people are getting used to it so the recent denied decision was like an air that passed by. And besides we have more great news that coming in 2019, we should look forward to this. Adoption is real thing now.

https://www.coindesk.com/7-southern-eu-nations-unite-to-take-lead-on-blockchain-adoption
Yes, For anyone who will open this topic up in December 2018 and forward, this "etf rejected" is the old one not the new one and there is still time for SEC to decide on the next ETF. Saying that I still think they are playing with us like cat and mouse.

First of all, I have always said that even getting rejected by SEC about the ETF is great because it shows how much we matured and the market is becoming more legal and legal every single day which is great for bitcoin.

Also we are getting closer to an ETF for sure, even if this one gets rejected there will be one that will be accepted soon, how many ETF can they reject before they will have to finally accept one because there will be no reason not to accept it. Hence, we just need to be patient and wait for our turn, when it happens we should not allow whales to dictate the market.
36  Economy / Economics / Re: Will people come back to gold on: December 07, 2018, 04:30:30 PM
Gold has always been a safe choice for an investor, it won't make you rich but if you keep on hoarding gold like Smaug there is a big chance that any economical crisis or any collapse in market won't affect you as much as other investors. Gold is more of a safe bet and would make you gain gradual slow profits instead of big leaps.

Moreover, many people believe the same thing that if you are investing into gold, you might as well just keep it at fiat and put it on a savings account, at least you will not lose money that way neither. I think people who invest into gold are mainly old people, they already made enough investments in their lifetime and since they are old they don't want risks. Young people and even middle age people go for riskier but more rewarding investments.
37  Alternate cryptocurrencies / Altcoin Discussion / Re: what solutions do make to cover Loss on: December 07, 2018, 02:47:00 PM
Personally , I lost nearly 1500$  from day trading. I do buy back theory now to recover the loss and invest on potential ico's. now i am going on a slowly steady way ,  if we get greedy then  we end up with nothing.

whats your solutions do you do for cover the loss?
Intensively diversifying your portfolio will help you to recover your losses but this is not a concrete solution for all the times. Moreover personally what I will do, definitely will move all my capital into bitcoin and will hold for ever to have multiple returns for my capital. This had happened to make life in early stages of 2016. I lost big money in forex trading but bitcoin helped me to compensate my losses.

But definitely never look for recovering your losses only through ICOs. Because, that is the hole where you have lost and definitely that is not the right way to recover your losses. Because in my opinion investing into ICOs, nothing less than gambling. But, investing into other reputed cryptos will definitely help you to recover your losses.

By reputed cryptos I meant, bitcoin and ethereum kind of high-volume trading pairs. I'm not going to give you any exact crypto names as you will be able to find whatever coin by simply looking into any exchange pairs and corresponding volume in last 24 hours.
38  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes you sure about next year? on: December 07, 2018, 01:09:03 PM
Research show what bitcoin mining for bitmain cost ~2k usd.
I think we can fall more in 2019 its safe
It is not mining that makes me sure, mining was costing about 5.8 thousand dollars or so (because of difficulty) and now it costs less, which means if needed be bitcoin mining difficulty could drop a lot further down and make the price go lower.

What makes me believe is that there are people out there who have been trusting on bitcoin going up, there is a whole market and community that waits for bitcoin to skyrocket one day, these people have been waiting since the last time bitcoin was 20 thousand dollars. It didn't do anything during 2018 and it is not looking like it will do anything in the next 3 weeks neither. So what we believe is that bitcoin and market should be going really high during 2019 after all this wait, we can't be waiting for this long for nothing, eventually it will have to go up.
39  Economy / Speculation / Re: Can someone manipulate the price of bitcoin? on: December 07, 2018, 12:38:43 PM
They have been manipulation bitcoin ever since it came out. There was no time in history that bitcoin was not manipulated at all.

In 2018 the biggest manipulation came from whales who realized that if the price went from 1 to 2 they would make profit but if it went from 2 to 1 and they short it at the same time they double their investment with the same amount of funds not needing extra money for it. Hence, they manipulated to drop since it was easier to drop the price of bitcoin instead of keep fueling the increases in prices.

Even to this day no whale is working towards getting the price higher, they keep talking but never put their money where their mouth is. Hence there is absolutely no point of thinking bitcoin is not manipulated. It is the most volatile, most unregulated, most dangerous but rewarding investment anyone can do.
40  Economy / Speculation / Re: BTC Falling to mid 3K Will it go down more? on: December 07, 2018, 12:06:59 PM
I agree with your speculation,the bear market seems like going to continue and causing more damage to the price, many speculators predicted that the price will fall down really low before it can stabilize, some said it can be around 1000$, and there are no other a lot of optimism in the market,so its kind of bad situation for crypto
But there will be very less possibility to break the support line around $3k zones. I am expecting prices will hold on this support levels. If there will be any positive news like approval of ETF or anything similar to that, we can be sure about positive trends in coming weeks. But, being neutral also will be dangerous as of now as more people will be losing their faith which may lead to panic selling as that is the core reason which caused this much dangerous so far.

By comparing the fall down happened in 2014 to 2015, I'm speculating positive trends hereafter. The market so far reacted very much similar to those time periods hence why not we can expect recovery also in the same way ?
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