The problem is people do not understand how much is enough and when to stop greed is a bitch, but I believe everyone should be able to control it rather than hide behind it. I believe everything can be done in a reasonable manner and it can be healthy just what is a reasonable manner depends on person to person. I think it's high time people take responsibility for their actions.
yes, I agree with you. people still chasing their winning money without knowing that actually, they are winning much money. they never satisfied with what they can get in gambling and this makes them continue the game. it is natural since we are human and want to get bigger from something but if we don't know about the risk behind that, then they need to be prepared to get what they did. This is why addiction is a problem. When people are addicted, they have no control of themselves. All rational thought goes out of the door. I don't think that it's natural or human nature to continuously seek for pleasure. That's the problem with pleasure seekers -- it's like nothing ever satisfies them anymore. The law of marginal utility should be applicable however with people suffering addiction it seems like there's no end to it. It only worsens as these people seek to satisfy their thirst for pleasure. |
|
|
|
I absolutely agree with you. I even think that there are only two options for the current Chinese government: realize its mistakes and rectify them or stand down/be overthrown. People of China, poor and rich, show that they want to live in a free world, which gives much more opportunities than living in a totalitarian state.
I bet most of the Bitcoin holders who buy real estate in foreign countries would not do that if they could live the life they want to live in their native land.
Revolutions happen when population is both angry and strong, and I think the Chinese are neither: too much people are indoctrinated by official propaganda and opposition is too scared and small to succeed. If necessary, China will repeat Tiananmen scenario easily and will suffer to repercussions. The only realistic scenario for change is if the government will weaken over long periods of time, like it happened with many empires and totalitarian regimes of the past. And Bitcoin can be a part of this process, by undermining the economic control of their government. I think that the Bitcoin holders invested not because they felt oppressed in their own country but because it's simply a good investment. We can't argue that the Chinese government is somewhat controlling, but I don't think it has come to a point where it deprives its citizens of their rights and would make them revolt for wanting to live in a free world. China is a control freak but I think they are able to compensate for their citizens. They just simply want to have total control and they're enjoying the power they have as a massive state. Bitcoin may not do so as much as pierce into their power. |
|
|
|
It will be the good news for the people in Philippines.This will enable the new people to inverse in bitcoin. It increase the demand of bitcoin in the market.If all the country ,start to regulate the bitcoin or make bitcoin as a legal tender.It will impact the price of bitcoin to the moon.
I believe on that too, regulations is what we need and we all know a lot of people are waiting for this kind of news from their own government. Making cryptocurrency as a legal tender needs more time but I'm sure we are heading to that. You're very negative... "why we say we don't like government interference", what do you mean by "we"? Maybe YOU and not us. If the government did not interfere in these 3 exchanges, do you think they can operate? Who will issue their licenses, the NPA? There are still 70 companies that have already applied to operate in the Cagayan Economic Zone, is it not the government that will approve their application? If there's no government interference, where and how did they apply?
They really need to go under the legal procedure so they can operate legally in the Philippines, let's all be positive about this and hope that this will run smoothly. I don't see why there's negative feedback from the government interference. The actions of the Philippine government are actually favorable to crypto users. This is better than the country declaring a ban. These licenses issued by CEZA actually legitimizes the business of these exchanges. This may even encourage and attract more investors since there are exchanges which have licenses. This will reduce the shady nature of crypto. Surely, this will pave the way towards better adoption of cryptocurrency in the country. |
|
|
|
Noted: Cryptocurrencies, in particular, have been extremely popular in the Baltic states and digital assets have broad acceptance in states like Estonia, Latvia, and Lithuania. There is a great variety of merchants that accept bitcoin payments for coffee, apartments, bars, restaurants, hotels, specialty shops, clothing stores, and massage parlors.
and Now Samsung in Baltic states gets into the business, although they cooperate with CopPay to convert crypto into euro, imagine if Samsung will accept bitcoin payment in global scale even though through a partnership with several fintech platforms. But of course, bitcoin need more acceptance and regulation will play the role to set it up.
I am from Riga,Latvia. And this is a big overstatement regarding the wide acceptence of cryptos. This is very rare adn I would say that not much different then in other EU countries, I have to note that the ICO number could indeed by higher than in other regions. Regarding the Samsung shops, I was rather suprised that there is even offical Samsung shops. After this article i checked , there are 2 of them in Riga, i will probably check them out and check the possibilty of crypto payments- how they work in reality. If that were the case, may I ask whether there are many crypto users within your area as well? It would be strange if there is wide acceptance if cryptos is not so popular nor widely used. I don't see why other merchants would bother into adding crypto as a payment if people within the area don't use it so much anyway. Although this would add to good promotion for crypto. Also, why would Samsung make the move of accepting crypto as a payment if it's not so popular within the area? |
|
|
|
This doesn't have a perfect data, from the usage around the globe I believe around 25% of the people were aware about cryptocurrency. Among them around 5-10% continues using it, while the rest stays in fear as it is decentralized. Only the people who have profited as well known about the technology have the clear understanding that decentralization is the one that makes cryptocurrency perfect.
How were you able to come up with those numbers? It's hard to tell just how much of the world is aware of and is actually into using crypto. Just in this forum, there's already a fair amount from various different countries who are aware and actively use crypto, but there's still many people who aren't in this forum to consider. I don't think that only the people who have profited fully understand the concept of cryptocurrency. Actually, there are people who have profited but don't actually fully understand what bitcoin or cryptocurrency is. Some may have just bought btc back when there was a hype over it but do not comprehend the technology behind it. I know of some people, on the other hand, who know about it but didn't buy or haven't profited in any way. They know about the concept simply because they are interested in technical stuff. |
|
|
|
Practice makes perfect if you are a chess player  Professional gamblers can have so many ups and downs in one month's time that the stress alone will make you quit if not the losses. I think the only way to consistently beat the bookies is arbitrage betting. Mathematics can't fail you at the end of the day. Everything else is gambling. People can not predict with certainty the outcomes of events they have no full control over. Otherwise all the statisticians and analysts would have been winning all the time and all the houses would have been out of business by now I think if a bettor waged on every favorite in Russia from start to finish they would have ended in the red because stats lie. Performance can change, player fitness can change, injuries can happen and there are other factors that can alter the outcome of competition. I am trying to say that there is no clear-cut 100% working formula for success when luck is involved. Hard work is necessary in every field of life. If you work hard in gambling, definitely you will eat the fruit in shape of winning money. Regular gambler spent a lot of time in seeking tricks and tactics and then become gambling experts. Nobody can use good tactics from the very first day. You will have to work hard to become gambling specialist. Winning the bet will be easy for you. Something tells me that there are a lot of gambling addicts out there that think they're doing 'hard work', while in reality they're just fooling themselves. There are very very few professional gamblers who actually manage to make a living out of gambling. Whatever the game may be, sports betting, poker or blackjack. For the majority of people it's a lot better to put your hard work and effort in something else, before you end up getting addicted because you've convinced yourself you're a professional player. I think that these people convince themselves that by playing even more, the chances of winning will get even higher when in reality the number of times you play is not correlated to your chances of winning. In fact, it's possible that there are some gambling games which are rigged and which reduce your chances of winning the more you play. Why would a gambling company increase your chances? How will they profit from that? They will be at a loss if players were constantly winning. There's no hard work involved into gambling. This isn't like basketball or chess where hard work plays a part a contributes to your winnability. |
|
|
|
|
It's just a matter of terminology.
A Signature campaign is what you call a way of promoting an ICO or Gambling site or mixer service, here in btc talk forum, by hiring members to post regularly. It's called a signature campaign because the participants are made to wear signatures in order to advertise. The participants are usually paid in btc.
Bounty is used for campaigns which promote an altcoin in tokens. Usually there are many ways of promoting available in a bounty campaign. There's Twitter, Facebook, Youtube, Reddit and even Blog campaigns. A signature campaign may be done under a bounty but if it's paid in tokens then it will still fall under the category of a bounty campaign.
|
|
|
|
|
I don’t see how it will stop corruption. Corruption is rooted from greediness and I believe that politicians will continue to become greedy despite of the presence of cryptocurrency. How will that stop them from abusing their power and authority? They don’t fear crypto because they actually have the power to declare a ban. You probably heard some negativity from them because of how much money it generates and they’re probably just jealous of the people exploiting it when they’re the ones who should be able to exploit it for money.
|
|
|
|
Forget this old man. There is nothing he can do. His paymasters will only be left in disappointment because he won't be able to achieve anything. The forces behind Bitcoin are far greater than him.
Exactly his words mean nothing its empty talk. everyone who needs to know about bitcoin will do their own studies and find out the truth. Well, congressmen are actually in a seat of power. They have authority and influence so what they say and do actually affects a lot, especially the public. If he gives a public statement saying how bad bitcoin is then this could generate bad publicity esp for those who are gullible. Funny how congressmen are actually supposed to represent the people yet bozos like this choose to accept bribe money and be used as a puppet. Such a shame. |
|
|
|
weird price claim. it managed 20 grand based on the usual suspects. so he's saying if it infiltrates every market and attracts every potential buyer it's gonna double from there? that doesn't seem very realistic or ambitious to me. we're probably at 5-10% of market saturation right now and that might be massively overstating it.
I guess he wanted to make a prediction that can come true in the next few years, even regardless of Bitcoin's mass adoption, because $40,000 can be achieved through speculation and some adoption. $40k in 10 years should be ridiculously small of Bitcoin, since emission will be very low and its technology would be hugely improved. He is probably still considering a scenario where Bitcoin gets outlawed and can't get mass adoption and trading volume to sustain big prices. Considering that he’s someone who hasn’t been in the crypto scenario for such a long time and that he’s a public figure, his prediction is actually quite humble. Better to be a little safe rather than make reckless assumptions of something he’s not so familiar with. That would really tarnish his image if he sounded like a foolish child who believed that bitcoin will become $1,000,000 in a short period. He even sounds more believable than the others who post in speculation. |
|
|
|
No one can track your transaction and personal information because your personal information isn't required, unlike the reverse situation with fiat money. So Bitcoin seems to be a perfect tool for money laundering.
What do you mean? There’s still KYC. Many other service providers or exchanges require you to provide identification. I don’t know where to make your transactions but I have been providing ID’s to my wallet service provider when I cash out. Also, transactions can actually be tracked. The reason why money laundering can be done thru BTC is because the authorities don’t look into it or track it regularly as compared to the use of fiat or banks. |
|
|
|
Hello everyone, for those who don’t know this article defines what a market cap is: https://cryptobriefing.com/market-cap-is-just-one-way-of-valuing-crypto/In short, it refers to the total dollar market value of a company’s outstanding shares. Commonly referred to as “market cap,” it is calculated by multiplying a company’s shares outstanding by the current market price of one share. The crypto community and finance sector commonly use this term so its better to understand this term. |
|
|
|
How do you guys spot scam betting sites ? Which are the red flags with those kind of sites and do you believe the rating/review sites or they are mainly paid like the ICO review sites ?
There are two kinds of scam gambling sites for me, the first one is the tricky one and the other one is the trying hard one, so what's the difference between those two? here it goes. The tricky one is that it is just the same gambling site to a legit one, you'll not notice that it is just a scam if you are just a naive person who is playing gambling on random gambling sites but if you are going to inspect the whole gambling site you'll notice that "Oh wait this is just a scam" while the other one is that you could easily notice that something was off already, misspelled words, the site is a complete trash, and the whole site is just trashy. Don't forget the third type which is a well made scam. Creators of these sites put a lot of money and effort into the site, have campaigns, people hired to promote them, a professional team. They usually even start as a legit site but then modify something to start scamming people or disappear just like that. It's almost impossible to avoid them. But don't worry, they are rare. Exactly. The cases you've mentioned are so rare that they are not worth even mentioning. With that kind of logic you can end up trusting nobody, even with great reputation. It's enough to avoid sites with bad reviews or without any reviews at all. No need in poisoning your life with ungrounded suspicions. I personally trust reviews and ratings on the Internet although I'm aware that some of them can be fake. I think it depends on how good you are in using Google in general. They do say searching up on Google is pretty basic but doing it actually would really be tough yet choices would still always vary on your decisions in the end basing on your analysis and to that kind of logic that had been mentioned where you do already come to a point that even reputable or good ones you do still able having the suspicion you would really be just like on a man that trust no one.Sometimes it do good things but applying it strictly would still have negative effects just like missing out on good opportunities. IMO if you are oversuspicious it only ruins your life because every time you are going to do business with someone there's always a thing or two in their behaviour that may look "suspicious ". Although I think that this approach has to be applied to total strangers in real life and to new or unknown to anybody places in the Internet, it is not necessary to suspect someone with good reputation in potential scamming behaviour. But what if this person with good reputation gets their account hacked? Or suddenly encountered problems. I still think that you can’t be too protective of yourself and you will need to be suspicious of everyone, including those with good reputations and even with your friends & family. sadly, there’s still the chance you’ll get betrayed even by those who you trust so I still think being oversuspicious is not so bad. |
|
|
|
This morning Bitcoin's price has risen to more than $ 7,000, which is fine. This is a signal for the market to go up in the next one or two months
Let's not get our hopes up and get excited over the increase of price. We can't tell whether this will continue. Maybe not for now. The price may have gone up but I think that were still experiencing a bear trend. There are no indicators that the market will turn bullish although its a relief for the price to have gone up. Many have also speculated that by the -ber months (September/October etc.) the price will actually go down. Many are expecting to have an ATH by December just like what happened by 2017 but its too early to tell and things can still go around at this point. |
|
|
|
As we all know crypto currency is the next generation digital / virtual currency now its time to shift from fiats to crypto. We need to implement a procedure to introduce online crypto payment system just like VISA which will save lot of transaction fee for customers and also the transaction speed will help in getting money quickly which is very important in businesses.
There are many projects coming to the market and showing it's potential to grow bigger in the market mate. If you want to use the button now to get any day today products. You will get the daily products on purse.io website other than this you may find many website which accepting Bitcoin for usage. I don't think that now is the time to shift from fiat to crypto. Crypto still has a long way to go and fiat is still more convenient to use. In terms of payment, I would still prefer to have fiat over crypto because I won't be able to utilize crypto for regular usage. If I go to a small market tomorrow, I may not be able to use my crypto to purchase since small enterprises will have a hard time adopting and accepting crypto as payment. There are many readily available online stores which allows you to use bitcoin such as suggested but I don't think it would be enough to totally eradicate fiat just for the moment. |
|
|
|
In reality celebrities will have more influence to people then regular individual and it is a proven and tested way to advertise something, just look at the products that some Hollywood celebrity endorses it will be used by their fan all over the world just to imitate them. Same goes into cryptocurrency if people new that a celebrity is involved in it then the will take interest into it.
I agree, it's a good news to the market. It has more influence than a regular individual, because celebrities have their fans. And I agree that when a celebrity makes a video and shows the product that he use, then his/her fans will buy it too, not just to imitate them but to believe that the product is legit and real. It's a good news if numbers of celebrities endorsing are increasing, because it will pull a lot of people to join crypto too. Hiring celebrities is not a new marketing strategy, it’s usually done because it’s very effective. I think this strategy will make more people interested in crypto, since not many people are aware about it. Celebrities have influence over the public strong enough to sometimes make them purchase a product, so its possible to make others get involved with crypto as well. |
|
|
|
My question is mainly how to do the marketing if you are launching a new crypto currency step by step ?
Signature campaigns are always good considering how much traffic this website gets and it's not very costly. You can always go the facebook/ google route but that will be much more expensive. The best thing to do is build a community driven project so that supporters will do the advertising for you because they hold the coin and are passionate about it. I think signature campaigns take a lot of money. You’ll actually need a large budget to conduct a signature campaign because you’ll have to pay a campaign manager and its participants. If you have bounty campaigns, on the otherhand, this would save you a lot and give you plenty of promotion and advertisement as well. The coverage is pretty wide since it covers Facebook, Twitter, Telegram and many other forms of social media. Social media gives plenty of coverage so it’s a good marketing strategy. |
|
|
|
In trading, you do not need to fly in the clouds and dream, you must always be ready and be informed by reliable news that affect the price of various assets. The platform Trade.io plans to provide such data to its users.
No one person who is serious about the cryptocurrencies will dream much about getting the fast profit. If you enter the market, you must understand that you will have rises and falls, and it is a very hard job. I think before entering this market people must know that this market is not stable and pump and dumps are common. Then only they can control their feelings if the market turns red or else they will do the panic trade. I think no one is 100% perfect in this crypto trading even the trading experts can do many mistakes. I guess acceptance is key. People fail to make good decisions because they have been waiting for a perfect trade. Instead of gaining profits, this makes them miss good opportunities. It’s not all the time when you will meet your expected/ideal price so once it hits close enough, that should give a good trade. With this kind of market, we should expect that its hard enough to have trades that are not 100% perfect. |
|
|
|
Most peoples right now using bitcoin as investment. Its happen because many government still prohibit and ban bitcoin if used for payment. Because of that reason, many peoples and investment firm using bitcoin as an investment
Other than government bans, I think that people use bitcoin as an investment because of the lack of adoption. For now, there’s not much areas where you can use bitcoin. There are even some countries where bitcoin is not accepted as a payment system so I don’t see the point of using it as a medium. Also, fees are high so it’s not that favorable to use btc. It’s much more profitable to have bitcoin as an investment instead. It’s possible that btc as a medium will be more possible in the future. |
|
|
|
In theory, this can happen. But for Bitcoin's current situation, it's hard to overcome $ 20,000 this year. Because in 2018, the number of participants investing in the cryptocurrency market has fallen sharply compared to the end of 2017.
The shenannigans with the high fees at the end of last year (where in some cases people were paying $1000 in fees to move coins) really damaged bitcoin, and we haven't recovered from that. It will take a couple of years for the bad memories to fade. That was a nightmare. Almost no one wanted to make any transactions during that time because of the high transaction fees. They were really crazy, the fees didn’t make it worth it to make a transfer. It has made others think that bitcoin would no longer progress due to those kind of fees unless a solution is made. Along with long confirmation time, bitcoin is rendered nearly useless by then. It’s a good thing it has changed for now even with a lower price. |
|
|
|
|
Show Posts
