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201  Alternate cryptocurrencies / Altcoin Discussion / Re: Useless altcoins must remove from the whole crypto market on: November 19, 2019, 02:10:09 PM
I don't think there is a way that we can use to remove them from market. They will only be there just that their trading will continue to reduce. Don't forget that some invested in these shit coins and they also have the right to have them in the market even if they are worthless.
You are right. We cannot wipe out failures or scams from the market. Everyone has the right to come up with a project and launch it in digital coin market. The only way to demotivate useless stuff is by not getting involved into them. Once investors will stop paying attention to them, a decrease can be seen certainly. In my opinion, old coins should be top priority of every investor.
202  Economy / Gambling discussion / Re: Gambling Addiction at its Worst! on: November 19, 2019, 01:32:52 PM
today I've got $ 200 start with $ 5 yes already withdrawn 2 hours ago
but when you have no other activities, gambling is like continuing to call to try again.

and what do I get after that?
Yesss I lost everything in just minutes  Angry greddy and addict its totally worst !
Problem with heavy gamers they will keep listening to the lust of gambling. Even getting the chance to win and make a good use of the money, but instead they will keep coming back and play thinking that luck will always be there to help them win. Only people who have a good balance with their emotions can quit with good benefits. Controlling greed is a tough job but once you get over it then you will have the chance to earned decent profits.
We cannot blame them for such behavior. These people either hold the belief that gambling can make them rich or they want to make money without putting real efforts ever. Once they will understand how impossible and unreal this approach is, naturally they wont play gambling a lot. Then they wont have any difficulty in taking control of their emotions and greed, in this matter.
203  Economy / Economics / Re: Asset backed cryptocoins? on: November 19, 2019, 12:49:54 PM
when there are assets that have cryptocurrency support it is very difficult to happen because for now cryptocurrency still has no legality that can make cryptocurrency can be used for all payments in the world, so no one can provide a clear guarantee of cryptocurrency because it still does not have support from governments throughout the country.
Or we can say that bitcoin still has to be legalized by majority of the world. However, you can find examples of companies that are actually selling their products and services in exchange of bitcoin and other altcoins. It is just a matter of time before digital currencies of decentralized nature will be legalized by governments, even if they wont want to. The reason would be mass adoptions of digital coins.
204  Economy / Economics / Re: finding investors on: November 17, 2019, 06:23:40 PM
Getting investors is not an easy work. Before you start any project you need to have a connection in the field that you're about to start up your business. And cryptocurrency is not a project that works offline and it would be difficult for you to start it up offline.

Even online it's going to take a lot of effort and you will have to be able to convince potential investors and let them know why they should consider your project ,if you can't convince them by giving them reasons why they should invest then they are not going to invest. Take yourself as an example, I don't think you will agree to invest your money in any project you have no understanding of, you will prefer to invest in a project that seems legit.
With the present competition in the market and fear of scam, it has become a tough task to launch a new project and convince people to invest in it. The market is 80 percent scam so investors also have valid reason to not try new options. Why would they when bitcoin and good altcoins are here to help them in improving financial health. The only working way is perseverance, not giving up in hard times.
205  Alternate cryptocurrencies / Altcoin Discussion / Re: Is True Decentralization a Myth? on: November 17, 2019, 06:04:24 PM
We may not get complete decentralization from cryptos but we can get more freedom of using it compared to the current fiat,Why this is happening because we choose decentralized platforms to by cryptos which are working under the regulations of governments so they need to follow the laws from government so they seek for consumer details which makes the system not to be completely decentralized.

If everyone buying cryptos from decentralized platforms then this may change.
I don't know what decentralization can be exactly other than what it is now in case of crypto currencies or bitcoin, to be very specific. Decentralized means owned by no one, having no central authority or server. Altcoins are a bit different than bitcoin in this case. There are so many of them, all varying from each other. If it was possible to control crypto currencies, then China would have already taken over bitcoin.
206  Alternate cryptocurrencies / Altcoin Discussion / Re: Is worth to invest in dogecoin? on: November 17, 2019, 05:49:30 PM
Dogecoin is one of the coins that exists for a long time already and it is a community based coin.

Even though it is existing for a long time, it's main purpose that is has been created is to just tip other people. It is just a meme coin and for me, I don't see any reason for Dogecoin to hold. I'm using it just for transfer purposes because of its low transaction fee and fast transaction speed.
the advantage of dogecoin is that it is a low-cost transfer and is very necessary for crypto users who now complain of high transfer fees for many types of coins. but even so having a doge for investment purposes still has good potential and will be one of the potential coin destinations in the future
Just because the charges applied on doge transaction is a bit lower than other coins, that does not make it better than all other coins certainly. If investor will make low fee of transactions his top priority, then I am afraid he is going to miss the best chances of gaining giant profits. Instead of investing in dogecoin, more beneficial would be to invest in bitcoin first. If it has higher transaction fee, then is has also the highest benefits and value.
207  Economy / Gambling discussion / Re: How to restrain yourself at a small loss and not spend money. on: November 17, 2019, 03:05:44 PM

I can advise every gambler to make a paper wallet and wd anytime a part of the winnings to it.

A wallet where you can lock funds for a X time should also be great but don't know if that exists.

What for? this will just make things more worst than ever, you cannot lock a person in prison without him thinking about escaping, same goes to the gamblers, if that wallet do exist, let's just say it does, even when they lock it up, they will think for another way to have extra cash for them to play gambling while they are waiting their funds to be unlock, doesn't change anything at all.
You have a point there, it is not the money but the gambler’s determination to play that is the root cause. Locking away amounts wont do any god at all. Actually, this can make gambler frustrated too by having money but unable to use it. He will go for borrowing from others. So the problem remain unsolved ultimately. The only way to restrain oneself is by understanding the dangers this activity has.
208  Economy / Gambling discussion / Re: Why are you gambling? on: November 17, 2019, 02:42:30 PM
6.Other- What is the option, explain us a little better?

I've tried gambling before, but didn't go out well for me, that is why I quit on playing it once I've realized that I don't have any future on it (I can't rely my future on it). My reason why I don't play gambling even it is fun, is because the addiction of it, that includes our money in the story, our time is also being wasted alongside with our money if we are losing, so what is the point of continuing if you don't win, of course none, that is why it is important to have a time for yourself to think about what decision you should make once you noticed that you need one, before it is too late.
Good to hear that you save yourself on time. You cannot rely on gambling for your future. It is nothing like an income source. Majority of gamblers try to make living out of this activity but eventually fail. It is just a game of luck. Not only this, at times house is also against you. So what are the chances to win against two powerful opponents, luck and house. Due to the money involvement, it become a lot addictive.
209  Economy / Gambling discussion / Re: Longest Break You Have On Not Gambling on: November 16, 2019, 04:02:09 PM
It's hard to take a break from gambling if it's become a habit, what's your Longest Break You Have On Not Gambling, in my case my longest days of break from gambling is 30 days when I take a vacation from a place when there are no casinos, and no internet connection.
I always observed my break in gambling or soccer betting at the end of all european league that is towards the middle of may annually being an ardent soccer lover I have interest in prediction of soccer games especially EPL where I can easily predict some games although I am not a gambling addict even as an habit because I am always cautious of my stakes.
Sports betting is skill based gambling. Even if you were an addict to it or played this a lot, there is nothing wrong. As you are a big fan of soccer and hold a sound knowledge regarding teams, you can easily predict the outcomes of matches. With this, you can win bets too. Still if you are not involved in risking big money, it is appreciated. Make bets for fun purpose only. This is the right way to gamble.
210  Economy / Gambling discussion / Re: The secret of gambling? on: November 16, 2019, 02:35:28 PM
Oddly enough, there are certain secrets in games, and this primarily concerns card games, when a professional player has a very good memory.  In other cases, a gambler who makes a profit shows only his luck thanks to his result.  But if you take this seriously, then you can talk about secrets in your activity if we are talking about cryptocurrency trading, and not in relation to gambling.  Trading is experience, professionalism, which give rise to the secrets of success, but the success of gambling, this is knowledge of the game process and luck.

You mentioned good memory. You must be referring to card readers or card counters? I have actually read that book Bringing Down the House. I suppose it was partly based on true-to life events. I also believe there is such a thing. But such is not a secret. Anybody may try to study card counting and perhaps learn such skill. However, I also believe that it takes a genius to hone such skill. No wonder why the card counters on that book were coming from MIT. Average minded individuals might not be able to develop it.

People who went to MIT and such institutes are not the only geniuses f the world. They are either lucky enough to take exams of these big names or they are just more devoted and passionate ones. Perseverance is the difference between leader and follower. You can find enough tutorials and articles regarding this skill and learn it from the scratch. The question is how long can you stay to learn.
211  Economy / Economics / Re: The Risks and Rewards of Cryptocurrencies on: November 16, 2019, 01:34:09 PM
Do you want people to put on headsets and listen to this podcast for 28:33 minutes? why would people do that? I think you should listen to the podcast and then summarize what they said and post in this thread the summary you made

I would love to know your thoughts about where we are going and how you think the landscape will change.

if enter a lot of money in the crypto market, I believe that the volatility will not be very high as it is today, at least we will not see high increases and followed by very large falls

Partially yes, a lot of money can make the price more stable for cryptocurrencies. But where get these all money? The most controversial thing that people don't want to invest in cryptocurrencies by high volatility and fix this volatility could a lot of people with a lot of money Smiley
A lot of people join with crypto to be faster rich person, they think bitcoin and altcoin are the best way how to get much profit in short time, maybe many people lucky by choosing an altcoin and get much profit, when you make mistake with get bad coin you have waiting more than one year for getting back your investing and stop for dreaming much profit.

And that is wrong thinking. Bitcoin and altcoins are not the way to get rich over night and as soon as some realise that they end up deeply disappointed. If you are smart and experienced trader and investor you can make decent profit over reasonable period of time but it's not likely that you will become rich. Dealing with Bitcoin you are exposed to risk all the time and occassionaly you will make some mistakes too, so that should you count on.
He is not a expert because experienced traders know the risk factors and rewards. The current market is rapidly moving so pump and dump will happen so every traders are disappoint one time, But they can manage all the time because volatile currency is a great earning platform but few times it will moving backwards.

It's right to say the market is moving fast to go down or up at a shocking price. So you should continue to monitor every time you have invested coins. now all feels vulnerable.
Market is volatile but not that much as you are saying, at least not at the present moment. Everyone knows about the current situation. Bitcoin is going through a dip and so is the whole digital coin market. Moreover, it is just bitcoin that fluctuates a lot in all types of time. So the bitcoin holder that are basically day trader are supposed to keep an eye on the changing values. Other can take a break.
212  Economy / Economics / Re: Crypto Scams are a global issue on: November 16, 2019, 01:07:51 PM
Crypto, Fiat, or any other form of scam is a global issue.

We must understand that people are always phishing wherever they can, so scam happens everywhere, with crypto, with fiat with retail with anything you can think about Smiley)

It just sad that people are trying to attached scam only to bitcoin in fact it happens everywhere, crypto or not. Whether we like it or not scammers are all around and that it is our responsibility to check if a project or an investment is a scam or not.

We also have to remember that there will be no scammers if people are very vigilant and careful, scammers exist because some people are easily scammed.
People who blame bitcoin for creating problem of scam are simply haters and they cannot really help themselves from talking nonsense. In no way, bitcoin forced scammers to fool people around and snatch away their money. It has rather helped thousands of investors by making them rich and financially stable. As humans, it is our responsibility to stay safe and protect all sorts of assets from criminals.
213  Alternate cryptocurrencies / Altcoin Discussion / Re: Saving for a House! on: November 15, 2019, 11:32:01 AM

I think if you have made a good profit, you should spend 5% savings because this is a very safe way for all investors. I usually convert to USDT and hold for a long time to be able to use this money in the near future because the stable coin never changes in value. Each person has different saving strategies and holding some top coins is also a very promising option.

Of course, it is necessary to be clear in the division of capital and always follow the original plan because if you are not careful, you will lose your savings when investing.

Setting aside for savings is really a good idea, during the time I gave my all in in crypto and I lost fund, I learned from it and it was my biggest mistake that I ever made, so for me, we should have fund for emergency purpose, for investment, for future, and for disbursements (daily needs, for monthly expenses) that is what I am doing now, budgeting well my fund, with that I am saving.
If you ask me, I think saving in the form of digital currencies is much better than simply keeping the paper money in bank accounts or personal lockers. The saved amount will increase with time. Though banks also have insurance policies but those cannot be as beneficial as digital coins are. The only point that should be taken into account is, the digital asset should be a potential one.
214  Economy / Trading Discussion / Re: Do Not Trade By The News, Follow The Price Action on: November 15, 2019, 11:07:04 AM
Yes, but to be more convincing, I recommend that everyone should learn about Dow's theory.
He once said that prices will reflect news, not prices.
Think about it, when there's good news, before insiders bought many stocks / coins before you caught up. Trading with news is also risky when you choose not the right time to buy, we can also lose a lot of money.

I haven't heard that yet, most traders golden rule is to buy the rumors and sell the news, which is for me is wrong, better to check the price action. Most experts are not doing a lot of technical analysis, they are just relying on the price action of a certain coin/token. It's a wrong way to buy when there is a rumor such as they will list on Binance, or in any top exchange, unless proven and confirmed then that's the time we can buy and not just because of rumors, as people can easily manipulate and can easily share that whenever they want just to hype.
It is in human nature to make big with less efforts. Majority does not want to go through the labor of doing research on own and doing technical analysis or reading the price flow. They will simply depend on others for their own decisions and earnings. This is not the way of successful people. In order to become successful, we have to make our own way. People should focus on actions rather than words.
215  Economy / Gambling discussion / Re: Longest Break You Have On Not Gambling on: November 15, 2019, 10:45:00 AM
There's also been times where I've stopped gambling because of somewhat large losses, though those losses have been reasonable and I wasn't ever risking money I needed for vital daily expenses.
I experience this many times, and sometimes I can stop, sometimes I can't.

Though I am not gambling the money for the food or the basic needs but still it would hurt us gambler if we loss a big money since we are not gambling to lose, we do it with positive thinking that we could somehow bag a big win, but since this is gambling, we really can't ascertain our win here, so always be realistic with whatever happen especially when losing.
After my last time of playing, a several of months ago I stop playing gambling well, it becomes a lesson for me I got little addicted in playing gambling games online at first just for fun but eventually it will get severe, so I proved that even a gambler from the start treat gambling as entertainment can get addicted when the time goes by without realizing it and yea its hard to stop from playing specially if gets addicted. Well, thankfully, it's been months, maybe six months I'm not playing, and I guess I can extend it more.
If you have really decided to leave gambling or actually done it, you have done a big favor to yourself and your money. Even if the whole intention of a gambler player is to have fun and entertainment. Still he goes addict with time because the excitement and thrill that gambling offers is hard to shake off. As a human, we want to experience that again and again. If you can’t control yourself, best is to stay away.
216  Economy / Economics / Re: Why Bitcoin is not that good as currency? on: November 15, 2019, 10:28:54 AM
Money needs both inflation and deflation.

Economies always have deflationary and inflationary assets. People often overlook this. Gold, real estate, moat, competitive advantages are some examples of deflationary assets. Inflationary currencies serve as a medium of exchange. They are used for transactions. Bitcoin was created in response to the 2008 economic crisis. It exists and thrives because of quantitative easing, a type of inflating monetary policy.

Bitcoin wasn't created just because of the recession way back 2008, It was created to be a mean of payment taking advantage of emerging technology we also had back then. Bitcoin wasn't suppose to solve recession in a single place and was created to be a currency which we have now as investment coin seen by ordinary people as digital gold. However there are country who talked about their monetary policy in regards with cryptocurrency, Malaysia, whose government wants to limit cash transactions to make a stronger financial integrity.

Crypto just deletes the inflation side of money. That's why it is so dogmatic and doesn't make much sense.
No, cryptocurrency only lessen the inflation side of money. You cannot delete inflation, what happened after cryptocurrency was introduced is that it lowered, it just lowered the inflation.


As far as we are surrounded by corrupt governments, we can never ever get rid of problems like inflation and hyperinflation. They control our economy and change the value of paper money as per their desires. While we are using paper money, it is impossible to completely get rid of economical crisis. If digital currencies can lower the inflation by bring introduced, they can wipe it out too by replacing current money system.
217  Economy / Economics / Re: Would you use FB's Libra? on: November 15, 2019, 09:52:47 AM
Facebook launched Facebook Pay and I think this is preparation for the launch of Libra. I think people will enjoy using both of these services, as shopping through apps, sending money to each other and many other features that Facebook provides are very convenient. However, the future is more for Libra, because this payment system will be based on cryptography, which makes it extremely convenient.
Convenient, only if people choose to use facebook, other than that i think it would be useless in another platform. Though they have Libra coins which i think can be used as a crypto asset but that's just it. Nonetheless, it might as well just the same in any other cryptocurrency that would turn into a stable coin.

No doubt for this one to be a stable coin yet it had been mentioned earlier about this matter.I don't see any relevance for this coin to be used outside apart from facebook itself.

So simply means that this one can be only used up in the platform but who knows if they do have those plans for it to be widespread on various services?
Logically, it should be used within Facebook dealings but let us just suppose that if Mark makes some sort of contracts with other big companies or even government to allow his crypto coin used as a medium for exchange, Libra will gain more power than it should possess. If he becomes determine to make Libra working out of Facebook world, he will definitely find some way.
218  Economy / Gambling discussion / Re: The secret of gambling? on: November 14, 2019, 03:46:48 PM
the secret in gambling in order to keep winning for me by enjoying what we are playing without thinking about losing and how much money you have spent.

Yes, we should enjoy the game than to think about the loss or win. Now, I can feel like that too because it's no use if I still think about how to win. Besides that, I don't have to imagine or pretending that someday, I will win the games. We should have fun from the games so we can release the stress if we have. Gambling will be good if we can treat gambling as entertainment and not for making money.
This is probably the secret of gambling. No need to rely on the money you spend on any gambling as an investment or as a guaranteed way to earn money. The only thing you can count on is a pleasant loss of time.

That could be true as we know that many gamblers still search for the secret, but maybe they don't know about how to enjoy gambling and never think about the result because gambling is only a part of life that we need to experience. While other gamblers still do that, some gamblers which know that gambling is only can be used for having fun will always enjoy the games. When we can enjoy the game, we will feel happiness although we will get a loss because our reason is not to win the games.
Yeah, that’s true a use gambling as soured of making money but along with making money, it’s important to enjoy it so that you will not get bored and lose at the end. In gambling, the only secret is to control your emotions and to spend a limited amount. Those people who spend without thinking just to become rich early and faster, just be wise and play with care.
Gambling can never ever become a source of income because of its random nature. Even in the best and most positive scenario, poker players and sports bet can bring more wins than losses as they rely on skills and knowledge. The factor of luck is not very effective in such forms. Other than that, almost all gambling games are pure luck based. So how can a person make money on regular basis with them?
219  Alternate cryptocurrencies / Altcoin Discussion / Re: ALTERNATIVES MEANS IN CRYPTOCURRENCY JOBS APART FROM BOUNTIES. on: November 14, 2019, 03:18:50 PM
This year is a difficult year for bounty hunters. Many scam projects and our work is not paid. Some alternative ways to get income from bounty one of which can follow the airdrop, but the rewards given are very small, then you can also follow the Campaign signature, but must have a minimum rank of members or at least SR. member, in accordance with project regulations. Bountyhive, bountyplaform and other bounty platforms still haven't produced.
That is correct. Bounties are no more a method to make money or we can say that it does not work as much as it used to be years ago. The main reason is scams. The market has more fraud projects than real ones. I would suggest him to come up with his own service and accept payment in the form of crypto coins and stat trading with it. Bitcoin should be the top priority. Bounties and signature campaigns are not the best option.
220  Economy / Trading Discussion / Re: Daily trade Vs long trade on: November 14, 2019, 02:51:34 PM
Everyone has different options but long-term investment seems safer than day trading. I have tried day trading in the past and the focus on charts makes it easy for me to panic and often sell if I lose more than 5% of my profit. I think day trading is hard work because you face daily risks and always focus a lot so just a small mistake will make you lose money.

Based on my psychology, long-term investment will be much better because there is no need to focus too much on price increases or decreases. It may take longer than expected but if there are high profits then I am willing to wait.
You are touching a very interesting topic, even if you have the skills to profit from day trading the psychology of the trader is more important because you do not have any time to really think about what you want to do or what you think about the market like you can do if you are a long term trader, you need to take decisions in seconds and if you show any doubt about what you are doing then most likely you will make mistakes and as we know that can be quite costly.
I think day trading is for those who have ability to take decisions within seconds without taking any kind of pressure of getting panicked. I am going to say that mentality which you called psychology acts as the fundamental principal in day trading. If the person is optimistic and having great patience along with as mentioned earlier great wisdom are the things required to make a day trader a successful trader.
There is no doubt that day trading demands all these things which are not easy to be present in one person at the same time. To adopt all these qualities and make them habit, the day trader is required to put significant efforts to mold his or her nature accordingly. But once he or she has acquired what is required, the person is not going to suffer from any major losses rather will make huge profits.
If a person is determined to do something, nothing can stop him. Nothing in this world is an easy task.  In order to make big achievements, big sacrifices are supposed to be made. It also depends on the individual. If someone finds hard to day trade or gets afraid of it, he should go with other forms that will work fine according to his nature. Pushing oneself is not right, pushing oneself in the right direction is what needs to be done.
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