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241  Economy / Economics / Re: Blockchain and Medicine in Africa on: July 04, 2018, 01:59:36 AM
The application of blockchain to medicine is helpful in Africa. Procurement of personnel and other medical equipment is needed by the people of Africa. We will know how the blockchain technology will be developed. I hope this will continue, not just in Africa but other poor countries

Blockchain technology would be a big help to prevent counterfeit drugs being sold in the black market. But then we should take into account first the most basic problem in Africa which would be lack of needs like clean water and technology too. They would have a hard time using blockchain technology if they would not have a stable connection to have the transactions. Regarding the medicine, some private companies take advantage of the opportunity to deliver counterfeit drugs because more often than not, it cannot be detected but through blockchain technology, there would be transparency and the transactions can be traced.

This is the article related to the situation of the medicinal sector in Africa. http://allafrica.com/stories/201711160493.html

As I quote:

Quote
Nevin said NAFDAC has pioneered several authentication technologies targeted at fighting counterfeit drugs. He said on the back of technology adoption, circulation of counterfeit medicines dropped from 40 per cent in 2001 to 16.7 percent in 2015. The economist said a new mandatory method called "mass serialization," often combined with "track-and-trace" requirements, is becoming the worldwide standard for regulators in securing the supply chain.

 
242  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto is far more than an investment venture on: July 03, 2018, 01:56:45 AM
Many people who entered the crypto ecosystem within last year ending thought it was a 'get-rich-quick' venture and so they didn't understand the true meaning of what they joined. I don't believe crypto was made mainly for investments to give back 100%,500%,1000% and so on within some few days. Every coin has its unique purpose far more than just trading or investments...
The downtrend for the past six months opened their eyes to the reality that it is not a get-rich-scheme because ever since the meteoric rise last December, the price has been in a downtrend. The market may already reach the bottom and now heading towards a new trend again but we can see that those who are in it for the long term are the only ones who remained in the market and those who only joined for quick profits has been burned and I think they left it months ago maybe not returning again.

Those who've been in crypto for long years do understand this technology better and they seem to still encourage us to hold on. I think we should follow suit and appreciate the crypto ecosystem in totality. Anyways, sorry to everyone who's lost money by investing blindly, but what we must know is that, crypto is far more than an investment platform. Let's keep on promoting projects and spreading the good news to others. The future will be bright.
Those who have been in the space for the long term or OGs know the market better than the newbies and they are the one we should follow because they know more often than not what is actually happening. We just need to look at the bigger picture and view the market for the long term. Newbies panic but those who have been in here for some time already has their positions in place because they have experience it before and learn from it.
243  Economy / Economics / Re: Is cryptocurrency help to expand the world business? on: July 03, 2018, 01:26:01 AM
I think cryptocurrency will create a flat world. Promote the transnational business as well as circulating money is better without going through the cumbersome banking system.

Cryptocurrency would be able to get rid of the banking system so there will be no additional fees involve and transaction time would be faster because there is no need for approval and a whole lot of documents required just to send or receive money. One of the problems of the businesses when they have international transactions is the exchange rate because they may incur a loss or a smaller profit when the exchange rate change and there are many charges in banks too but if cryptocurrency would be use then the only deduction would be transaction fee and nothing else.

This would even be better if the basis is already in cryptocurrency and do not need to convert to fiat because there is already stable value so one do no need to worry about the fluctuating prices anymore. Using cryptocurrency would be a big help for businesses to expand worldwide.
244  Economy / Trading Discussion / Re: The market is so positive (100% HODL) on: July 02, 2018, 12:14:36 PM
it is a good news summary, thanks for sharing. I have bought coins from a few days ago and I am still holding it now. I am happy to buy when the cheap price a few days ago I hope the price will continue to rise after this

I'm hoping for it as well. There are so many signs that the market is doing good because of this news. Good news appear when the market is bullish while bad news appear when the market is bearish. It seems that the one who controls the news want people to buy because of this kind of news. It has been a long time since I see multiple good news because every time there is good news this past few months, it will be buried by multiple bad news. This is the time to buy and if you can see some bad news nowadays, it seems not so significant anymore. A recent hack in a big exchange even has a little effect on the price.
245  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: A large part of the bounty Scam on: July 02, 2018, 02:01:58 AM
hey, mate, what nonsense you wrote! i don't know your way to choose signatures, but I can say for sure you're doing something wrong. in my opinion less than 40% is scam

Maybe more than half of them are scam as what I have observed in the forum. There are some ICOs that are not scam but they seem like scam because their ICO is not successful since they weren't able to reach their softcap that's why they just decided to return the investors money and not push through with the project so all the bounty hunters work are in vain. It is part of being a bounty hunter that's why one should choose the bounties he would promote so that his time would not be wasted.

Yes, this is true. Recently we find lots of scam bounty. I have joined lots of campaigns and I found more than 10-15 of them were scams. My concern is some of them were managed by well-reputed bounty managers.

It's part of the risk because there are times when a reputable manager didn't review the project very well and turn out to be scam and some even just turn a blind eye about it that's why a reputable manager before receive a bunch of negative trust because he knows that the team deceive the investors and he still continue to promote the project.

246  Economy / Gambling discussion / Re: The way to win in gambling on: July 01, 2018, 11:18:05 AM
That's the point, It's not always feeling lucky but when you know how to use that confidence when playing gambling, if you know when to play smartly and you are always calm and think properly, most of the time those who feel that way are also aggressive forgetting that inside gambling we don't know when luck will come with us, we also needs to understand and study the flow so we can change strategy and keep our money in good position.

There is no holy grail strategy that you can use to win in gambling but playing smart will do. Knowing when to stop and be contented with the outcome of the game or bet would be the way to avoid being bankrupt and be addicted to it. You can only do this though when you view gambling a form of entertainment and not a source of income because when you do so then you will tend to be greedy and end up losing more money because you want to get back what you lose and may be full of emotions and will not be able to decide rationally.
247  Economy / Economics / Re: A cryptocurrency with volatility can't be used as money on: July 01, 2018, 11:06:39 AM
This argument actually gives a justice because no one feels the loss later on However, governments in a country must be ready to support the existence of the system so that smoothness in doing every transaction using bitcoin can be done without any obstacles at all.

We would be comfortable using cryptocurrency as currency in itself if we wouldn't worry about its value in terms of fiat. If we are buying our needs in terms of cryptocurrency and the merchants buy and sell too using cryptocurrency then they wouldn't worry anymore whether its value will go up or not in terms of fiat because their profit is computed in coins and the fiat value wouldn't matter anymore. For now, all merchants do not adopt cryptocurrency yet that's why those who will accept it will have a problem in the volatility.
248  Bitcoin / Press / Re: [2018-06-26] Breaking New Ground: South Africa Gets Its First Bitcoin Atm on: July 01, 2018, 01:51:42 AM
It's a business that needs to make money, but more importantly, it first needs to get its initial investment back. On top of that, there are very expensive licenses that need to be renewed annually in order to legally keep operating them. I'm quite sure that if there are decent volumes being generated consistently, the fees will end up going down. I can see banks at some point use their existing ATM infrastructure to totally destruct the business model of all these Bitcoin ATM's. There has been a Slovenian bank that actually did it, and I can definitely see it become a common occurrence everywhere in the world later on.

They are just starting so they need to have high fees first for them to get a Return on Investment but after the adjustment period and more people use their service then I am pretty sure they will adjust the fees. As for the banks, they would definitely do something about it as they can see a flourishing income opportunity so eventually they would have an ATM that would serve those people with lower fees so that they can get the share of the market. It would be good for the market though if this would happen as more people would be entice to buy cryptocurrencies and for others who don't have an idea about cryptos be aware of it.
249  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Famous Japanese economist says Bitcoin will not see 20,000 again on: June 30, 2018, 12:55:50 PM
This article has it merits and can not be overlooked.
It means that if ALTs can not decouple from Bitcoin in regards to price ALTs will never see the high prices again!
Sad news for me but the story makes sense!
If you couldn’t short sell gold it would probably be worth a lot of money: Think about it!

https://news.bitcoin.com/japanese-economist-explains-why-another-bitcoin-price-surge-is-unlikely/

I did not read anything about bitcoin not going back up to $20,000. He just said that a rapid price surge is unlikely to happen again because there is bitcoin futures and some can short-sell the market. According to that economist, if the price of bitcoin stays this low, it would be positive for bitcoin because it is cheaper than sending money though a bank then which would make the cryptocurrency attract more people to use it. If the price keeps going down then it would be useless to short-sell anymore because they wouldn't make money so bitcoin needs to go up for them to short-sell it.

I believe that there are investors who are waiting in the sidelines and just waiting for the market to be bullish again. Those who are short-selling will just choose long then when the trend of the market reverses. I am positive that we can reach new all-time high this year or next year.
250  Alternate cryptocurrencies / Altcoin Discussion / Re: Can any other crypto replace bitcoin? on: June 30, 2018, 10:51:24 AM
I think there is no crypto currency which can replace Bitcoin, at least in our nearest future.
The most successful and valuable altcoin right now is Ethereum, but it is far away from replacing Bitcoin despite its high potential and value.
Bitcoin will keep its first position on crypto world for several years, most likely.

You're right. At least for now, bitcoin would be the one dominating the market because it is the cryptocurrency that has the most supporters. Although its technology is what we say the most basic in terms of blockchain technology and it has many flaws, still it is the most famous of them all and people still want to accumulate it and make it as their long term investment.

Maybe one day, like ethereum will be able to get as much supporters as bitcoin then it will be the one that will dominate the market. It has the highest price as well so people especially the newbies wanted to get a share of it. Bitcoin also has cards so it is easier to use unlike other cryptocurrencies.
251  Economy / Trading Discussion / Re: What Does Day Trading Means? on: June 30, 2018, 02:53:45 AM
By the word itself day trades,  obviously you earn by trading daily or short term even if you get a little amount by it, you can still earn a decent amount if you stake a huge amount of money to buy coins and used it for day trading but it is also the riskiest thing you might do. Day trading became possible due to the high volatility of cryptocurrencies.

Day trading is a term use in trading markets wherein you would be opening and closing a position within a day but since cryptocurrency is a 24/7 market, there is no specific time as to when a market opens and closes so it is up to your time then how would you time yourself in day trading. Some people like day trading because they can scalp some trades and immediately have some profits but the opposite may happen as well like you can quickly incur some losses especially if you are just new to the market and do not have money management.

With a volatile and unpredictable market like today, I think day trading is the best and safest option at the moment. You can see that bitcoin prices are constantly adjusting and causing altcoin to adjust, as the market is in a downtrend in the long-term downtrend so you should trade short-term so that you can preserve interest. when the price of bitcoin suddenly drops.

Holding a coin in a bear market is an eye soar especially when the coin is going down every day that's why some prefer day trading and taking profits from time to time or loss if the market is not in their favor but at least they are preserving their capital. Holding is a good option when you are in a bull market but in bear a market, I think day trading is better but it is more risky too.
252  Economy / Economics / Re: Tax on the crypto currency! What do you think? on: June 30, 2018, 02:28:54 AM
I dont think that taxes on cryptocurrency is necessary because people who are interested on investing bitcoins are already paying transaction fee's so taxes are not necessary because the fee's can already compensate into this taxes.

There is a difference between a fee and a tax. Transaction fee would be paid to miners while the tax would be paid to the government for your obligation as a resident or citizen of the country because you are enjoying the benefits of what the government has built. It is the blood of the government and it cannot function properly without tax (funds) so if you want to help your government then you should pay your tax properly but due to corrupt government officials, we are just disappointed when our money will just go to an individual's pocket.

If you earn some income from cryptocurrency trading or any activity then you should pay tax too but I doubt that all pay their taxes because it is not directly traceable yet as to who earn an income so you have a choice to declare your income and the applicable tax as well.
253  Economy / Marketplace / Re: Encouraging People to Stay on: June 29, 2018, 10:27:19 AM
The only coins that are not going to grow anymore are all of those coins that are useless, coins like bitcoin and ethereum are going to keep growing, many people think those coins just grow because they are popular but it is the other way around those coins are popular because they are useful and when something is useful and it keeps improving its technology then growing prices are the consequence.

If the coin are used for their actual use case then it would become valuable in the future. Those coins even though they have low value for now would be still in demand in the future because they have actual use and will be helpful for the people while those coins that are just for pump and dump would end up being worthless. There are thousand of coins that are in the market now and some are weird coins just by seeing its name and you know that that is just another sh*tcoin. This type of coins in actuality is worthless because it has no real demand while those that have good fundamentals will eventually flourish.

As for encouraging people, you cannot just easily convince anyone to stay especially if they already feel hopeless in this cryptocurrency market. They will eventually come back when they see that they made a mistake with their decision.
254  Bitcoin / Bitcoin Discussion / Re: Can Blockchain Survive Without Bitcoin on: June 29, 2018, 10:01:17 AM
I think Bitcoin and Blockchain have been created together, although several platforms have used Blockchain, and from all the synergies with Blockchain, Bitcoin is the most successful.

Blockchain technology is the backbone of bitcoin and it is how the technology was introduced to the world. One usage of blockchain technology is cryptocurrency and there are other things that blockchain is applicable while cryptocurrency needs blockchain technology because it is where it is base from so in other words blockhain technology can exist without cryptocurrency while cryptocurrency cannot exist without blockchain technology so blockchain can survive without bitcoin.

Absolutely yes, Bitcoin is just one of the numerous applications on blockchain technology, the fall of bitcoin will never affect blockchain techs as it's the future technology.

That's right. Even if bitcoin falls, the technology is there and there are already many innovations that has been made that would improve the performance of bitcoin. There are first generation, second generation, and third generation cryptocurrencies.
255  Alternate cryptocurrencies / Speculation (Altcoins) / Re: All Altcoins -10%+,Is it time to buy? on: June 29, 2018, 01:43:07 AM
I don't really know if it's a good time to buy or not but seem like downward trend is not ended yet and cryptocurrency market keep falling, Bitcoin price has dumped to under $6k and seem like you should wait a little bit more cause I think it's not the lowest price for altcoin so you still can get better chance to buy altcoin Grin

Better wait for the time when the market is somehow showing bullish signs because you may just catch falling knives when you buy now. You want to buy the low but every time you buy it, it goes deeper so better wait for the time when the bears are already exhausted so that even if you weren't able to buy with the lowest price, you still have a chance to be profitable as long as the price is in upward trend already. Trend is your friend is what they say so it is not really advisable to hope for a reverse in price when it is downtrend unless you know how to play it.
256  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Tactics When Market is Falling on: June 29, 2018, 01:23:32 AM
I will buy more coins if the price is falling and after that you can sell it if the price goes back into it normal price even if it will take some time to hold. But it will be worth it if the price goes up againts it normal price.

Given that you have funds then you can buy more but when you don't have any funds anymore then you can just choose to cut loss and buy back lower or you can just firmly hold and then wait for the time you will have profits. Personally though, I would choose to cut loss because that is what my trading strategy that when the price reach to point wherein that is my acceptable loss then I would just sell it and then find an opportunity to buy back lower when there is already a bullish sign.

It is correct to put stop-loss, but I bought for a long time and it does not matter that now the price has fallen.

Lucky for those who are still at a profit even when the price is already low. For those who have been in crypto market for a long time then what is happening is not new to them because they have experience it countless times and maybe bought bitcoin when it didn't reach a thousand dollars yet. But for those who bought near all time high or in December then they surely are frustrated now seeing the price keeps going down.
257  Economy / Trading Discussion / Re: Have we hit the bottom? I think so. on: June 28, 2018, 12:25:18 PM
That could be the case but from a risk management perspective, there is no reason to predict that. Support is holding here and you need to play what is happening on the chart right now.

If you are a short term trader then you can play the fluctuations from time to time. The bottom may have been already hit or the price may go down again but seeing the volume now wherein there seems to be exhaustion already from both sides, price may be in consolidation and in a few days or few weeks time, price may have signs of being bullish. There is a bullish divergence though which is a good sign of being bullish but then we cannot just depend on technical analysis alone because a lot of things that may happen which would trigger the price to dip more.

I can see the wall street chart from time to time and some of the crypto enthusiast that I follow and trust believe that we are already in the depression stage heading to disbelief and would eventually lead to new market cycle. I hope so that that would be the case.
258  Economy / Economics / Re: When will people feel comfortable using BTC ? on: June 28, 2018, 11:56:56 AM
I think this will only happen once most major stores will accept bitcoin and cryptocurrency. The reason why only few are using it is because there's only a few ways to use bitcoin or any cryptocurrency in paying. That is also the reason why people are seeing it just an investment and not as a means to pay same as with cash.

When people can see that their favorite shops are already accepting bitcoin as payment then they would be comfortable using it. Due to the volatility of the price, merchants cannot just easily use it because they still need to convert it and if they decide to immediately convert it to fiat upon acceptance then they would pay for the platform and their profit would be reduced so it is not ideal yet until such time when there is no need for conversion anymore because bitcoin would be one of the legal tender of payment.

People are still doubt due to bitcoin isn't accepted by any means of transactions local or online and also un-declared legalities of this coin in some country . If these could be change and the government's will give support into crypto definitely establishments owners won't hesitate to accept bitcoin as a mode of payment.

If the government would decide to support cryptocurrency then merchants would be comfortable using it. Maybe to encourage the usage of cryptocurrency they would give an incentive or tax breaks to anyone who use it then. This may take a while to happen because there are still some disputes as to the legality of bitcoin but when there is already mass adoption then it would eventually happen.
259  Bitcoin / Press / Re: [2018-06-26] Facebook is reversing its ban on some cryptocurrency ads on: June 28, 2018, 02:17:32 AM
They should just ban scam projects. And it is not so hard to know when something is just a scam attempt. There is a ton of them. But at least exchanges should be able to use Facebook to promote their services.

They can at least reduce or even totally eliminate the promotion of crypto projects that are scam because they require the advertiser to show some proof first that they are legit company and investing on them would be beneficial to the investors. Facebook doesn't want to be called out again because of an issue.

This would be a good sign that other sites that ban the crypto advertisement before would eventually reverse their decision like twitter and google and then cryptocurrency would have more exposure again. Crypto prices take a hit before because of these bans so I believe that this reverse decision would help to augment the price and volume and make people become interested in cryptocurrency again.
260  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: decentralized trading platform for Ethereum-based tokens on: June 27, 2018, 02:02:42 AM
Good list. Hope you can add some pros and cons on each exchange and rank them from best to least. I personally only use etherdelta and idex since that's the onely two that I know and this list of yours expanded my options.

I second this one too. Hoping you can somehow add a review to the exchanges or anyone who has experience to some of this exchange sites. I am expecting that this list will keep growing because some people do not want to get involved in centralized exchanges because of KYC requirements so decentralized exchanges is the go to exchanges for these people. As of the moment, I was able to use IDEX and Forkdelta but planning to use others too because some of the coins that I hold are only listed in those exchanges.

For IDEX, I like it more than Forkdelta because there is a warning ahead when you wanted to trade a coin like how much you wanted to buy and in what price compared to Forkdelta that when you click buy, it will immediately buy without any warning and the same applies to sell button. I like the interface of IDEX too compared to forkdelta but both these sites has some coins that would turn out to be gems when listed in big exchanges.
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