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2481  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum] UTXO based POS Smart Contract Platform|On Coindesk & Bitcoinmagazine on: January 28, 2017, 03:27:54 PM
The thing that awaited the public is ICO, with good reputation and notifications from various companies like Baidu, Alibaba, Tencent, NASDAQ and more, I believe there are no investors are hesitant to put their money in the Qtum project. I also have set up some BTC to buy Qtum coin.
Yeah i think so, because the dev not just give promise for us. This can be evidenced since some campaign before ICO release, they always deliver what they promised, I like this.
Yes true, commitment is the thing that makes us and all investors are confident about the future of Qtum coin. What Qtum have said and certainly will be realized, the one thing I wait besides the ICO is mining, hoping soon to get the full way of mining Qtum coin.
Confidence can not be bought with anything. So, i hope Qtum dev not make we, who are believed with their project disappointed soon. And Qtum users not run away if something happen so.

Qtum is a trusted project. No doubt about that. and Confidence can be bought by Escrow in case of Crypto Currencies. one more thing which makes this project trusted is that it is initiated by china investors and Chinese are most honest nation currently in the world.
Not really, there are bad and good people everywhere on the surface of the earth! With what everyone can already see in terms of commitments and investments, it goes without saying that Qtum developers are here to make great impacts in the industry after the order of Satoshi Nakamoto.

@ Qtum, nice update there, want to suggest, the Crowd sale should cut across major exchanges and not just the Chinese exchanges, Qtum is already a global thing!
2482  Economy / Economics / Re: How did Bitcoin start to price increase? on: January 28, 2017, 02:55:10 PM
I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictate its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
2483  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin overcome Paypal? on: January 28, 2017, 02:21:48 PM
Paypal has been playing the "almighty" for far too long! They dictate what part of the world to use their services, whose account gets frozen under flimsy excuses and many businesses have had to close down on account of that and they have been answerable to no one. The emergence of Bitcoin, which is truly a global payment system is such a great relief to the unbanked and neglected sojourners on planet earth.

In the first place, paypal is no match to Bitcoin and if they were to have started same time, Paypal would have been history by now. All the ride it had on the wings of ebay was because desirable was nowhere to be found, so available became desirable. However, Bitcoin have handed us the power to our own banks and transact with just anyone in the globe without anyone else to approve, look down on you or the size of your pocket. The straw left for Paypal to hold on to is the provision to reverse a transaction, but that is also a double edged sword and in little or no time just as water finds its way, the massive drift from Paypal to Bitcoin would become obvious.
2484  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Really The Future Of Money? on: January 28, 2017, 07:34:24 AM
Bitcoin is considered to be the current currency even today. We can shop with Bitcoin. We trade in Bitcoin stock exchanges. We can exchange services for BTC. I do not need to wait for the future. Even now bitcoin has become a valid currency.
yes from now it is a currency but with the sentence 'the future of money' we mean that in the future everyone will prefer bitcoin as their money for every transaction. None of the business will like to see to dollar or any other currency for their international currency.
Am afraid that is not really what is meant by Bitcoin being the future of money! What that simple means is that Bitcoin would become a model for future money and most other forms of payment would recognize it as one and take a cue from it. The authorities are well aware of that and the main reason they are trying to undo Bitcoin, is because they are without doubt that Bitcoin have what it takes to relegate their local currencies to the background, if not the museums!
2485  Economy / Economics / Re: Passive Income on: January 28, 2017, 06:55:44 AM
In my opinion the best definition (or objective) of passive income is when your money generates more money for you. For example, you give money to a business that needs funds and they pay you dividends every month. It is a passive income without a hard work. 
Yes this is a good example of how passive income can be generated - getting your money to work for you. However it is not entirely without hard work, raising the money to invest in some businesses, no doubt could not have come without some hard work. The thing with generating passive income this way is that what income one gets is directly proportional to amount invested. Nevertheless, even they come in pennies, they do add up overtime.
2486  Economy / Economics / Re: US Debt at $19,959,943,400,000 will $20 trillion make the news? on: January 27, 2017, 08:13:17 PM
In theory, if the US economy improves and the salaries and wages for the locals increase, people will have enough disposable cash to buy better products. They currently buy cheap Chinese imports, because they cannot afford the better products.

Do not underestimate patriotism in the USA, people will pay $1 extra for something that has been manufactured locally. If imports of these goods are stopped, people will have no other option than buying the goods that are on offer.

Local manufactured goods, increase job opportunities and this puts more money into people's hands.

If there is a tariff on the Chinese goods, then either the people will purchase more American made goods, or they will continue to buy the Chinese goods (at an increased price). In both the cases, the US treasury is going to gain.
The thing to effectively resolve all that is to get the cost of production cheaper and I don't see the possibility of that. China parades cheap labour as well as cheaper electricity and then a devalued Yuan, all that culminates in  making their exports quite attractive. Besides the best way to make indigenous companies more efficient is not by protecting them from external competitors, but by getting them to be more competitive.
2487  Economy / Economics / Re: How can we make more money? on: January 27, 2017, 07:56:28 PM
To be successful in trading, you need to know risk management. It is possible to earn money using the right investment tools. But you have to have a certain capital for investment.
Risk and money management is indeed what makes the difference in trading and these only comes through consistent learning and practice. Loss is a common occurrence in trading and majority of traders are caught in the web of chasing their losses, but experienced traders would rather settle down to position sizing than to throw their good money over bad money. For those traders with no plan or strategies at all, ultimate loss is the fate that awaits them.
2488  Economy / Economics / Re: I have 12 BTC in my Account, How should I invest this?? on: January 27, 2017, 05:57:11 PM
strange advices, guys. Why should he hold his btc if he can trade and speculate with them on exchanges? He can double them in a year i think. This is crypto, where speculation is a life.

To trade successfully you should know exactly what you are doing, it's not that simple. By trading you can double what you have in one day theoretically, but in practice you will be risking a lot for that purpose and will most likely lose. Holding, on the other hand, gives you profit in USD without risking to lose everything.
Furthermore, trading would entail moving and lodging the 12 BTC in an exchange site and personally I have witnessed two exchanges going under with people's deposits and news of hacking, of exchanges is seemingly commonplace these days. So aside the risk of losing to trades not going a trader's way, there is also the risk of an exchange disappearing with the 12 BTC. However the coins could be safely held in some wallets until the price meets the expectation of the holder.



2489  Economy / Economics / Re: US Debt at $19,959,943,400,000 will $20 trillion make the news? on: January 27, 2017, 05:05:59 PM
It has a high probability it will hit the news, this is a "milestone". Wink

It will hit the news, but nothing will be getting done about it. It will just hit the news and people will forget about it until 30 trillion dollars is reached, then they'll get it on the news again, they will forget, they will bring it back for 40 trillion dollars... and so on ad infinitum. There is nothing that's going to change. I wonder if the system can work as it is now under any amount of debt. People just seem to not give a fuck about it. Everyone acts as if there will never be any consequences.
Well the only change to expect is an increase in the size of the debt this time, four years because the so called civilization was built on a web of credit and that will never be fully settled. It is not something that is peculiar to America, but rather a global myriad of money creation out of thin air. To the community and the cryptoworld at large, that should be good news as that is actually one of the ills Bitcoin came to address in the first place. Much more persons are going to lose faith in their local currencies and come running to embrace Bitcoin and some altcoins and that would further boost the value of Bitcoin.
2490  Economy / Economics / Re: What is your best investment strategy? on: January 27, 2017, 04:30:01 PM
However, as time went on, people realized that Bitcoin had great chances of success in the long run, especially after solutions such as SegWit and Lightning Network were presented last year.
This year, it is possible that some ICOs and altcoins will be able to make some profit, but it is likely to be something on a smaller scale than in the last few years.
I mostly agree but ICOs/ITOs/DAOs are getting more and more attention, isn't it?
It means that a market will grow and more money to come to invest.
I think you have to be smarter in selecting and choosing coin ICOs/ITOs/DAOs potentially has a high price. because there are many shitcoin, promoted as ICO so that owners get the advantage,
The first thing is to identify if the project solves real-world problems. If this type of information is not clear in the developers' proposal, it is very possible that the project is no more than another way to get money from people lacking experience or people in a hurry to make a quick profit.
One more thing is to evaluate the financial commitments the developers are putting forward:
1. are they running a signature campaign, bounties,etc
2. are they willing to pay for the campaign with Bitcoin, which shows seriousness, but offering to pay with their own coin that is still in the making is a red flag;
3. no escrows means something is not straight somewhere;
4. changing terms middle stream  or not sticking to it, is a sign of ineptitude and lack of organization to manage the project;
5. open source code is a plus
6. putting all your eggs in one basket isn't good enough even if you are a hen.
2491  Economy / Economics / Re: Blockchain adoption by banking sector on: January 27, 2017, 04:05:30 PM
All Corporate business will some day be using blockchain technology.

The blockchain allows for easy, verifiable, transparent, and easily auditable transactions. It eliminates the opportunity to "cook the books". It makes transaction-heavy business easy to keep records of and audit.

It's something we should all celebrate. Adoption of the blockchain is good for bitcoin, it legitimizes bitcoin.
Indeed the blockchain technology is the answer to "trust and security" that have been very evasive but so much needed in ever facet of human endeavor. Bitcoin and its technology - blockchain is a masterpiece and worthy of celebration, but the banks and governments are opportunists and only after what they perceive as the juicy part.

They like the transparency, trust and cost effectiveness that blockchain technology brings, but they dislike Bitcoin and instead wants to tweak the same technology to develop an altcoin, that would provide for them the control that Bitcoin denied them of. At any rate and whatever they do, Bitcoin is here to stay and a copy could hardly be better than the original.
2492  Economy / Economics / Re: How did Bitcoin start to price increase? on: January 27, 2017, 03:44:30 PM
The same way everything else acquire its value, the law of supply and demand. Fortunately bitcoin is a limited supply. So if new demand arises, the price will easily rise too. Unfortunately, the volume is still low that whales can still manipulate the price by dumping and pumping bitcoins.
Yes the law of demand and supply is actually behind the rise in the price of Bitcoin. Total supply of Bitcoin has an upper bound of 21 million coins and that is already too little for the entire globe. Then as much more people from different countries are getting pissed off with their local currencies and Bitcoin obviously offers better and unprecedented options, the demand for it keeps soaring and so its value. As a matter of fact, the projection is that as more and more people come to adopt Bitcoin, the demand would increase even further and that is sure to make Bitcoin much more valuable.
2493  Economy / Economics / Re: Passive Income on: January 27, 2017, 03:31:19 PM
The time spent on this forum ever since I got wind of this website has all time worth it and it has been and will also continue a source of passive income to me. Passive income is just necessary in this time where there are opportunities to earn something doing what you do normally rather than wasting away precious time surfing those website that adds no value to you and even serve a drain to one's income...
There is a marked difference between earning an income and earning passive income. In the case of the signature campaign here, it belongs to earning an income and not passive, because you don't get to earn a dime unless you have made some posts and satisfy other conditions. If you are required to make a minimum of 15 posts in a week and you ended up with just 14, you get paid nothing at all, as the income you get paid is tied to the work you did satisfactorily.
2494  Economy / Trading Discussion / Re: Software for Trading on: January 27, 2017, 07:50:21 AM
Op, are you talking about technical analysis indicators, trading robots or trading platforms?. For technical analysis indicators, pivot point or Fibonacci indicators are very good in analysis price pattern and trend direction, you can find them on matatrade platform for free. But if I will advice you as a trader, leaned, trading or market action used candlestick bar analysis for entry and exist signal. You can even developed a personal bot based on this strategies and make it big using your bot to trade for you.

Yeah. I'm looking for technical analysis indicators, but I'm investigating other topics you're talking about.
I think it's best for MetaTrader software. Would you recommend these things for a newcomer?

Is there a difference between candlestick bar analysis and technical analysis charts? Are they different things?
They are different in my own view since they do have different signals on each category but seeing their uses they are completely identical because they would indicate the price movement of bitcoin but i could say trading forex and bitcoin is really different and i could say that because i do use to trade on both things.

I do not know much about these subjects. I have not been in the forex markets before.
Are theoretical information about Forex valid within the bitcoin markets? Is someone specializing in Forex markets an expert in the bitcoin market?
It is good to know you are interested in learning to trade in the first place, but from what I can perceive, you seem to be rushing it and I will suggest you slow down a bit and straighten some dark shades to be better equipped to handle either the forex or cryptocurrency markets. A place like Here is more or less what you need to take you in the hand and get you up and running from preschool to graduation and the best news is that it is all free!
2495  Economy / Trading Discussion / Re: How do you manage ur emotions? on: January 26, 2017, 09:40:36 PM
For trading, I try to stick to a system/plan and stick to it. It helps to take the emotion out of it because there are set buy and sell points rather than doing it by feeling.
That is right, sticking to a trading plan is one such ways to put a check on emotions, but by saying a trading plan, it doesn't mean just about anything goes as sticking to a strategy or trading plan that is a sure loser, would only exasperate a trader's already battered emotions.

Another way to check emotions in trading is by deploying a bot tailor built to trade some strategies a trader is conversant with. Most traders have dashed their trading expeditions for using generic bots, they knew next to nothing, what it does or how it goes about trading. Before you surrender you trading account to a machine without any form of emotions, you may want to be sure you do not hand over total control to them.
2496  Other / Off-topic / Re: Who controls the Bitcoins? on: January 26, 2017, 02:48:27 PM
I don't find it hard when I started with bitcoin, we all start from newbie but our dedication will help us learn this things easily. It's not hard now because the information if free, it's written all over the internet and it's like a public library with comprehensive information on it. If one cannot understand that, then there's no way he can comprehend bitcoin easy.

But not everyone is dedicated especially when he is new in BTC. Alot of people are open-minded to hear about BTC, but will not dedicate their time to do their research simply because they are not convinced that it worth their time. These people need good reasons to spend time on reading about BTC. We need articles that raise their motivation in the positive meaning.
Many people here are already beclouded by their desperation to make money off of the community that seem not to realize that the community wants them to be well versed in Bitcoin and cryptocurrency, so they can always find their ground instead of these groping in the dark that a number of members are posting about Bitcoin without an iota of commitment. Let's stop behaving like mercenaries and play out own bit to sustain the community and Bitcoin, which binds us all.
2497  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Really The Future Of Money? on: January 26, 2017, 01:04:56 PM
I believe the technology of bitcoin is the future of money.  Unfortunately, what will probably happen is central banks and such will create their version of bitcoin, controlled by them, and then that will replace bitcoin in the normal economy.  they will try to marginalize what they cannot control.  I know Bank of Canada and bank of England all have interesting papers on blockchain tech and bitcoin. 
Blockchain technology is no doubt the foundation for the future of money and that explains the attraction from almost every field of endeavor - the big banks and government agencies inclusive. We know the governments are not at home with Bitcoin as is, because it robs them of the control they cherish to death. Adapting the blockchain to bid their wishes is something to be expected, but the fact remains that Bitcoin have opened people's eyes to the modern slavery the governments subject people through their worthless piece of papers, we call money, at any rate, they will only succeed in taking the horse to the stream, but drinking from it, would be a matter for another day.
2498  Economy / Economics / Re: Passive Income on: January 26, 2017, 12:08:06 PM
You could lend BTC at Poloniex. The profit is small but at least it has profit.
Yeah that is also a passive income but it will not be worthful for a person to live with with that he will also need to do any hard work to earn some more money to support his family and if he have a high amount of capital to lend then I will suggest to start a business with that money it wil give a profit for generations to you and you will not have any fear of defaulters.

Passive income doesn't necessarily have to come like heavy drops of rain, what matters the most is that the tap keeps dripping after the initial hard work. I am seeing this prospect at Poloniex as much more reliable than the conventional lending of money, because at Poloniex, it is entirely passive income and much more secured. one can make a business out of it, by raising some huge amount and investing here at moderate rates and that is sure to be better than the ridiculous interest banks offer on deposits.

Technically, I agree with you

I never loaned out at Poloniex, and it may in fact be more profitable than the "ridiculous interest banks offer on deposits" (though this remains to be seen). Nevertheless, you forget a very important factor, namely, that Bitfinex was doing exactly the same, and most likely they had started marginal trading (since that's what lending at an exchange comes down to) even before Poloniex. So, on the whole, I wouldn't be that fascinated at this form of passive income, and still less consider it as "much more secured"
There really is no risk free way to make even a dime out there and living itself is enough risk! When it comes to investing and especially online investments, the rule of the thumb is always to never invest whatever you cannot afford to lose, because that chance to lose it all is ever present. We do due diligence to filter out prospects that are less risky and lending at exchanges as Poloniex is one such businesses. The only instance a lender can lose, is if the site is hacked or if the site becomes insolvent, other than those two, it is a win, win situation for lenders. The system automates the process and it is structured in such a way that defaulting is made impossible.

One of the beauties of Bitcoin and cryptocurrencies at large is that they have made micro-transactions very possible, so anyone can start right away to test how this way of making passive income works even with pennies than having to save the rest of one's life to come up with capital. So go try it for yourself!
2499  Other / MultiBit / Re: Help... why is my bitcoin transaction from blockchain taking over 24 hours? on: January 26, 2017, 10:11:04 AM
I had a transaction yesterday with the normal fee, I have been paying all the time but it took over 12 hours to come through, which wasn't funny. On making some inquiry, got to discover the network was overloaded and the advice was to include higher fees. Now for over 30 minutes, I placed another transaction with 0.0005 BTC fee and still no confirmation. This is certainly not a healthy development for Bitcoin and it can create the room for another coin to take center stage, if not quickly and properly addressed.
2500  Bitcoin / Bitcoin Discussion / Re: Filthy scammers, cheats, hackers, thieves, conmen, fools and protestants. on: January 25, 2017, 08:19:08 PM
This community is poisoned.
You are missing the point here. It is not bitcoin community. It is the human kind, people are poisoned. Money is root of all evil. And humans would do anything to earn money.
Bitcoin, or cryptocurrency in general, is just a new tool for them to achieve that. When there is profit on the line then you will see scammers, cheaters, thieves waiting to rob you.
We need to accept that this world is not ideal place - just don't blame our inventions, it is humans who misuse them.
I agree with every point you made except that your take that money is the root of all evil doesn't quite agree with the message of your post! Money of any kind is good, money is a servant and goes wherever it is sent. Any evil that gets in between, if you check again, emanates from humans. The heart of man is exceedingly treacherous, let's keep Bitcoin and even the fiats out of this, we are our problem!
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