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221  Economy / Speculation / Re: Bitcoin is bullish longterm on: June 13, 2020, 09:45:12 AM
for long term it is certain that Bitcoin is very promising, all technology experts have also stated that Bitcoin will be an evolution of a currency,
so saving Bitcoin is not wrong  Wink
All the analysts are supporting bitcoin but the government isn't supporting it not even a little bit. They like the idea of block-chain behind bitcoin but not the idea of a decentralized currency as then everyone will be independent and money won't be centralized and out of control of government which they can't afford.

So in future anything can happen, either the government's would make bitcoins holding, possession and dealing an illegal thing or either they would regulate the bitcoin industry.
222  Economy / Gambling discussion / Re: What are your recommended ways of gambling. on: June 13, 2020, 08:47:12 AM
It has been almost a year with crypto gambling but I feel I am still a newbie in gambling. I have not made big profits here but I had lost few of my campaign pay outs which makes to think like that I am doing something wrong and I must learn something before continuing with my gambling.

It would be too good if you share how you are surviving with your gambling. I read everyone is facing losses like me (not sure how true that is) but I do see some 25 to 100 people are online in most of crypto gambling houses; among continuous losses, no one could bear to gamble more. It means, am I missing out some trick? I tried auto dicing but I read manual dicing will be profitable but how patients crypto gamblers are to play manual dicing with least base bet?

If you have some tips which helped you to gamble for years, please share here. I have limited budget but want to gamble for longer duration even I will not make profits.

In order to control my losses and to lose only how much I can afford to lose, before I play I am already alotting a certain amount to it. If that amount is all gone, then stop. But if I am winning and that amount is increasing that is the time that I have to judge at what amount will I stop cause I am already lucky that I am winning so I do not want to lose the wins I've got.
You should make a seperate account on the gambling website on which you gamble so as to transfer the amount of money that you have won to that account. What I do is, I always decide first the threshold amount that i must win and then i transfer that amount to my other account on the gambling website and then i can play with the rest of the funds, if I win then it is my luck and if not then what is the reason to be upset, I already am having a backup plan which is my second account.
223  Bitcoin / Bitcoin Discussion / Re: Moving large sum of bitcoin on: June 12, 2020, 06:13:05 PM
I just googled the address, and apparently, it belongs to Bittrex ~
If the address is owned by Bittrex, I don't think it is surprising news to know big numbers of bitcoins. Bittrex is a big exchange and potentially to have that amount of BTC. However, it is interesting to know why they moved the big numbers of Bitcoins. Will they move it to a safer place? or have the intention of price manipulation? Not sure to answer this,.  Grin
Bittrex was also involved in the price manipulation of Tether and bitcoin lawsuit against them in the past and the proofs coming were actually convincing me that they were responsible for price manipulation and unfair practices. I don't think that Bittrex would again try to do this kind of thing again with such huge supply of Bitcoins and tether in their hands. Maybe they would be moving these coins to an offline wallet so as to make them more secure and less prone to attacks.
224  Alternate cryptocurrencies / Altcoin Discussion / Re: What old coins are you still holding? on: June 12, 2020, 04:16:12 PM
Alongside a lot of coins that I got from airdrops on the forum I hold bitcoins, ethereum, bitcoins cash in my wallet along with waves. Ethereum have made me a lot of profit as I was one of those who invested in ethereum before it's price took off.  I really am upset about waves as it used to be a lot higher in value and I was greedy and though it would go higher than that and held on it but it was a wrong decision on my part and I paid the price.
225  Economy / Economics / Re: How long this crisis will be? on: June 11, 2020, 06:56:24 PM
Yes contact with other people is impossible to eliminate. Another, the way of paying coins and bills. We know that money is dirty due lot of hands touches it. Online transactions are not yet implemented by all of the stores and coins/bills are still the major mode of payment which is prone to spreading of virus.

The use of Fiat does not actually affect the spread of the coronavirus as much as it is written about. But I agree that the number of operations with Fiat should decrease. But this is perfectly handled by credit card payments and contactless payment methods.
You are wrong my friend. A lot of bank notes were contaminated with corona virus but don't know about any case due to an infected bank note, but surely there would have been transmission by bank notes as well. Even there were many videos of people spitting on the banknotes from india and then throwing away those in open in order to spread the virus. Also a report was also there in which the bank notes were being sanitised by the government for making them safe for use. But still digital payment methods should be preferred at this time and if you are ordering something online then you should pay in advance instead of opting cash on delivery, it will be better for you.
226  Economy / Trading Discussion / Re: Crypto traiding speed on: June 09, 2020, 05:37:41 PM
I used to think about crypto transaction speed. And sometimes it's an extremely long procedure to see it done. Maybe, it's one the main reason, why the crypto traiding hasn't conquered the whole world. An interesting article explains this situation https://cryptogeek.info/en/blog/blockchain-transaction-speed. It says that there are some risks and difficulties which are stopping the exchanges from really fast transactions. I hope some exchanges are able to resolve that issue. I used to trade a bit and I see that some btc or eth operations could take days to finish. Wha'd you'll think? How to escape from long and slow transaction?
The problem is the fees that you pay for your transaction to propagate through the network. All the miners are after the transaction fees that people pay for their transactions, so the pools are always adding the high priority transactions to the blocks first and then the transactions having comparatively low priority comes. So if your transaction is having below average fees then it can take days to get a confirmation or maybe it will get rejected and will come back to the sender address. So pay a little above average of you want your transaction to be processed within an hour and you will be fine.
227  Economy / Speculation / Re: BTC Price might drop now?! on: June 09, 2020, 04:32:40 PM
It could be, the decrease of trading volume will be the most noticeable when talking about the possible drop. People are still following the halving trend wherein in a span of 6 or so months after the halving the price tends to slow down a bit before it will initiate a good run.
Nevertheless, the chart is showing some strong signs of the possible Bitcoin drop. It will be a good thing for those who wish to have a good buy.
Bitcoin trading volume drop shouldn't happen right now, during the market shifts always the trading volume increases in the case of bitcoin. The price drop will be a very rapid one of we get the rejection now at the resistance level, the support at $9500 level can also break after the rejection which can cause further fall below $9k. And many of the technical analysts are also saying that this is the most crucial moment for the bitcoin price, if it goes up then $15k is easily achievable but if the downtrend starts then $5.7k is the next level to look for. I am hoping that the pice would only go up, fingers crossed.
228  Economy / Gambling discussion / Re: [DISCUSSION] How to overcome a big loss in gambling? on: June 09, 2020, 03:45:44 PM
I tend to cry for a long time after loosing big and then take a long rest or maybe go out and have some movie time after loosing big in gambling. After that the next day I make my strategy on how to break even and make up for that big loss. But I always keep in mind that it's just gambling and losses come around it's no big deal, even if I won't be able to break even then also my life won't end here and I'll be having many opportunities in the future too.
229  Economy / Economics / Re: Counter-Strike Skin Economy on: June 08, 2020, 05:59:20 PM
The problem with this is that the stickers and capsules are only worth anything whilst the game are still being played. As soon as a new version of the game gets released or replaced by some super cool game, the price will plummet. We saw this happening with games like Starcraft I and also Broodwars etc.

Yes, the online games last a lot longer, because a loyal community are built around the game ....but as time goes by, new players stop playing it and the older players thrash newbies in the game as soon as they join.. and then they leave.

There are simply too many new games being brought to the market, so gamers are spoilt for choice. These skins/capsules/stickers should be ported to newer versions of the game and between different platforms for it to keep it's value.  Tongue

That's exactly the main risk I see here, too. Riot Games, the developers behind League of Legends, just recently released their new shooter Valorant. Could be another strong competitor to Counter-Strike. But on the other hand I totally think that Valve will do everything possible to keep the system running as long as possible (maybe even transfer the skins to a successor if they ever release a newer CS version?). They earn millions from the 13% commission due on every sale in the community market.
Counter strike skins market is a pretty huge one and a rich source of income for the company and they will do everything to protect that. That's the reason why gaming companies are so competitive in releasing new updates and they always listen to the player feedback as they know that it's the players that should be served, if they do good service then their players will also support the company.
Also many a times there are skins that are very cheap in price but when a streamer or pro player starts using it in their game then the demand for that also increases so does the price.
230  Economy / Gambling discussion / Re: Las Vegas Casinos are open - end of the Pandemic era. on: June 08, 2020, 04:40:50 PM


So Latvia and UK opened ahead of Las vegas according to your post here?

https://bitcointalk.org/index.php?topic=5254075.0

Hope the next to operate is Las Vegas because there are too large amount of money that the government might earning this pandemic because of the stop operation of these casinos.

There's a possibility that the majority of casinos around the world will follow opening their casinos, of course, they need permits coming from the government where they are located, they will give Las Vegas as one of their examples why they should be allowed to open, gamblers are eager to play and government needs revenue or taxes are another reasons why it should be open.
Everyone knows that Las Vegas is a party City and everyone around the globe goes there for the sole purpose of having fun and partying so casinos and boose are the biggest source of taxes for the government and they will do everything in their control to restart this economy. Casinos will be the number one priority on their list of things to reopen.
But the pandemic isn't still over as there are still tens of thousands new cases coming in USA itself on daily basis, so still it is a major risk to not follow social distancing.
231  Economy / Speculation / Re: Bitcoin to $150K and Ether to $9K on: June 08, 2020, 03:46:44 PM
if it is true then people will get rich, if Ethereum gets to $ 9,000 means altcoin can also go to New All Time High, but when will that happen?  Grin
This is too good to be true in the short term, but I have read an article stating that by the end of 2021 bitcoins price will reach $100k and this will only happen if bitcoins will break the current resistance of $10,300. After the resistance will be broken then we can say that bull market is started and the price of $100k would be achievable, which will mean lots of profit for those that have invested now or will invest below $10k.
232  Bitcoin / Bitcoin Discussion / Re: The average cost of sending a Bitcoin transaction is now just a little over $1. on: June 08, 2020, 03:27:20 PM
I came across some interesting data today from Bitinfocharts that suggests transactions on average cost $1.083. Having a low transaction fee is arguably an important factor to the growing adoption of Bitcoin and it's great to see that the transaction fee has lowered especially after the somewhat high fees after the halvening. I personally still have friends and family that are unaware of the low transaction fees for Bitcoin and are still using platforms that charge much higher than Bitcoin's fee so it's always good to remind those unaware of Bitcoin's transaction fee.
The network is having very few pending transactions and the traffic is also not that much, at times when the traffic is very high we have to send the transaction with high fees which is double the current recommended fees. Now the bull market is coming against and the popularity of bitcoins will again rise once it pass the $11k Mark and then we can see the rise in transaction fees again. So this $1 transaction fees is just temporary according to be. But still it's good to see that cheap transactions are back now.
233  Economy / Economics / Re: There's no way this is a "V-shaped" recovery... right? on: June 07, 2020, 03:22:19 PM
Perhaps a little off topic as not directly crypto but think it's important anyways to discuss the overall economy and how it may affect crypto.

So as those in tune with the stock market know, essentially we saw a high of 3340~ (SP500), a low of 2170~ (March 17th I believe) and then currently we are flirting with the 3000 barriers today (looks like either this week or next week it might break it).

The economist in me is screaming unprecedented debt, balance sheets, potential negative interest rates, unemployment claims, etc.

But unlimited QE, buying of junk bonds and equity, seems to have created this huge divergence between the usually rational market and it's underlying economy.

I'm young so this is my first real depression/recession I've experienced and really understood what's going on but those that were around for the 2008 GFC or Dec 2018 V shape recovery - does this feel different? What are your thoughts?

How has your asset allocation of stock,bonds, PMs, crypto changed? Are you more cash heavy right now? When do you think we'll the next leg down?
The stock market is recovering the losses but the economy isn't recovering yet. I guess this is because of the stimulus provided by the government, people are investing with that money and as they are spending the money so somewhat economy is getting back on track due to which The stock market is rising, and most probably people are also investing leftover money into stocks as well.
234  Economy / Economics / Re: Some Strategies to Face the Next Crisis on: June 07, 2020, 02:57:10 PM
I think that saving is the best thing to do to deal with the next crisis. The Asian, they never lose a lot of money during crisis since they always know how to protect their money and assets. On the other hand, Western people love to spend money as much as they can and use a lot of credit cards to buy luxuries, high-techs, and useless goods. There are many things we can learn from China and how they cope with this crisis.
Yes most of the american households are in a total debt if you see, they always are buying a lot of expensive goods that they can't afford with credit cards which are easily available to those who are salaries and most of the people of Western countries live paycheck to paycheck and that's the real problem. If you are saving a little bit of your salary then that comes handy when you are facing a crisis situation and also you should save for rainy days so as you won't have to take a loan in that situation.
235  Alternate cryptocurrencies / Altcoin Discussion / Re: How much have you earned in one year on: June 04, 2020, 04:37:01 PM
You can see that the full member does not earn as high as the other ranks on the forum. Higher level members on this forum should provide their testimony on this issue.
Yes you are right, the higher rank members are paid twice or three times more than the low rank members and it is actually a good way to stop spam posts, because if the payment would have been the same then people would have created numerous new accounts made for the sole purpose of draining the signature Campaign or bounty campaign funds dry and also that the established members are better in doing jobs than the newly registered ones.
236  Bitcoin / Bitcoin Discussion / Re: One mistake and l have lost all bitcoin on: June 04, 2020, 03:59:56 PM
                         1.How did I lose my bitcoin?
       I learned about the ETHBull and ETHBear Token which is the 3x leverage token of the FTX exchange. The price of ether was then below $ 100

                          At that time the price of ETHBear was $ 30 when I invested.Then the price of the Ethereum was around $ 120. At the same time, I panic and I made all my investments on ETHBear in the face of huge profit. 


                2.Big mistake of my life Angry Angry  Angry

    this investment was done at the behest of a youtuber which proved to be a big mistake in my life.Now I have thought that do not invest at the behest of others.
 
  When I lost my entire BTC, I felt very bad, please do not do it.     

                                  Thanks for all


The YouTubers always invest in the coin before making any video about it so as to get a profit when other people panic buy the coin that they suggested in the video. And in a huge number of cases if they are promoting any ICO then also there are high chances that they are in it for sale of profit like that from a referral link to that project so the more number of people invest in that project, higher is the amount of money they earn from that ICO.
237  Economy / Trading Discussion / Re: Don't trade what you can't risk loosing on: June 02, 2020, 04:17:38 PM
You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.
That is what happens if you jump straight into anything without calculating the risks involved in it. The person should have tried to trade with a small bankroll and then if he would have gotten good results then gradually would have started increasing the amount of money per trade. He didn't do his own research and paid a hefty price due ignorance in the first place.
238  Economy / Speculation / Re: Bitcoin Dominance rising again. What is happening? on: June 02, 2020, 03:31:51 PM
The truth is simple - altcoins were in a bubble, much bigger bubble than Bitcoin was, realistically there's no way more than a dozen of coins can co-exist - the point of money is to be universal, so just like the US dollar is welcomed everywhere in the world, Bitcoin is the king of crypto. Tons of altcoins were claiming that they will dethrone Bitcoin, but when investors started realizing that it was a lie, those coins started losing their value.
I guess the developers of the altcoins aren't as perseverant as the developers of bitcoin are. All the altcoin developers do good in the start and then if the altcoin doesn't perform well then they lack interest in that project and try to find another project to make some money.
Also as the price of bitcoins is increasing but the Altcoins are at the same price or many of them are in negative so people are loosing their interest in altcoins and are selling their alts to buy bitcoins.
239  Economy / Economics / Re: Did COVID-19 Bring Any Positive Sign? on: June 02, 2020, 02:59:49 PM
The whole world is now passing a crisis moment. COVID-19 has broken down the economy. It has taken many valuable lives and made the world’s medical treatment helpless. The question is,  Did COVID-19 bring any positive sign? I want to describe some points which are being possible by dint of this Culprit Corona.

    • Environmental Improvement:
The environment is passing the happiest moment now. The level of sound pollution has decreased tremedously. The amount of led and carbon-di-oxyde in the air are decreasing in the tolerable stage. The ozone layer is repairing its scratches. The environmental eco-system is being tighten.   

    • Tightening Family Bindings:
People were busy in their job or business. Very few times was possible to spend with family. Now maximum people are staying at home and passing most of their time with family members. As a result ties of the family bindings are being stronger.

    • Enhancing Online Business and Marketing
We know world COVID-19 has stopped the activities of industries, firms and businesses. People are now being motivated to involve in online business and online marketing which is beyond the affect of any culprits. Online job and marketing has increase tremendously than before

    • Creating Digital Employment
Corona Virus enhances the area and opportunity of digital employment. People are now engaging in different online jobs. Many self employed activities have also been created that help to increase the digital employment.   

    • Expanding the Knowledge and Use of Technology
As people are now passing idle time, many of them who didn’t involve in technological attachment are trying to familiar with digital world for online shopping, online business, online news, social contact etc. They are using computer, internet, web browsing and other technologies. In this case, I say, corona is expanding the knowledge and use of technology. 

    • Expanding the Crypto World
To use the present lazy time, Many people are seeking different online platforms to invest their fund. Many of them has already invested in cryptocurrency. Many governments of the world are thinking for advancement of digital currency where cryptocurrency has a priority in the line. So, Corona is helping to expand the crypto world.

I expect to add your valuable opinion.
I guess now the companies would start using work from home philosophy as it is beneficial for the workers to avoid the heavy traffic in their area and do their work from the ease of their home. Also the digital means of payment will be a major success now as people will tend to avoid hard cash as a precaution against spread of Corona virus.
People will also start to avoid large gatherings like concerts and movie theaters, so I guess the platforms like Netflix and Amazon prime video and other streaming services will still be getting huge number of audience just like now.
240  Bitcoin / Bitcoin Discussion / Re: Extremely Low Oil Prices Might impact Bitcoin Mining Industry on: June 02, 2020, 02:30:17 PM
Have you ever watched this video on youtube? He stated some arguments concerning the effects of low-cost Oil or Oil prices dump to bitcoin mining. I am somehow convinced when he said that the U.S. has 12,000 barrels of oils per day, and might be an opportunity for cheap power which might be taken advantage of by miners to save electricity bills.

Imagine right now that the rewards for miners have been halved, most of the miners might think of quitting the industry but they learned how to utilized and take advantage of these oil prices, it could turn the table for them to start fresh and keep their mining rigs up and running making the bitcoin network more efficient.
The oil prices have been on a decline from a long time like more than 3 to 4 months but the electricity prices in the US are still the same, so I don't think miners will be able to take advantage of a low price of oil because they directly can't buy oil and produce electricity, they rely on the government and companies for electricity but they are too greedy and won't lower the electricity prices for general consumers.
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