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261  Economy / Economics / Re: Each country has its own crypto currency! on: October 19, 2018, 08:53:04 AM
Recently, news about the fact that countries are beginning to develop their stablecoin is often heard, so it is quite possible that all countries will soon work with cryptocurrency!
in future it will lead to that, but i think it takes a long time, considering there are still many countries that are not ready to accept it. and i think for a country that knows BCC first, it will prosper if BTC is permitted in all countries
No, there are around 5000 crypto coins available in the crypto world which is well available all over the world but the problem is that due to the interference of government crypto currencies did not achieve that much popularity which it deserves.

People are enjoying and have a great time with these crypto coins both as investment source as well as payment mode furthermore it is tax free which is a another great benefit to people. However, people where government has implemented tax over these crypto coins are not so comfortable but still its high potential profit making makes it better than any other source.
262  Economy / Economics / Re: Good business is a business that begins, not questioned continuously on: October 19, 2018, 08:16:12 AM
Well it is true. Both planning and execution are beeded for a business to be successful. If one fails the other fails also and the whole system collapsee. But then again there are success stories where they opened a pop up store because that is all they had and eventually grew to a international multi million dollar company.
Building a business forecast before executing your business model is very important along with questioning your whys! Besides, the more perfect your model is, the more successful it would be if you take the start.

Majority of the new people in the market who wants to invest but somehow could not is just because they lack the initiative that is very crucial for starting any business. Until you do not have that courage to loose the money you look forward to invest, you might never start.
263  Economy / Economics / Re: Sick and tired of the cryptocurrency bullshit!!! on: October 17, 2018, 07:35:20 AM
It maybe true that the market right now is pretty much red. But think about it this way, comapared to last year, almost every crypto currency has increased significantly. Besides, this could be a great opportunity for you to beef up your portfolio and buy more coins and wait for the bull run to begin. I think last quarter or beginning of the 2019 quarter.
It is always funny that when people are complaining about a red market, I have always loved every part of a market, whether red or green. Red is just a chance to buy a lot back lower as far as I am concerned, and no one should ever expect that a market would just keep growing nonstop without at least having some corrective moments.

Left for some, they would always want to keep seeing moons over and over again. People who are always sick, tired and depressed in situations like this are people who I feel do not even have any long term goals or plans for life, because if they do, they should know better to focus on the long term and buy the dip than whine for reasons only best known to them.
264  Economy / Trading Discussion / Re: A tip for choosing the exchange. on: October 17, 2018, 06:48:16 AM
I guess fees are not only the concern the crypto currency exchanges what should be more concerning is security and safety of the funds that we are trading over them. Now at any point we will always be holding more than 1000 USD over the exchanger with different coins and tokens. Thus it must be a secure exchanger and we better not be victim of hacks and leaks that keeps happening these days.
For me it doesnt matter if the fees are 0.1% or 0.05% by using their tokens because thats just tiny fraction of the what we are trading and thus it should not be very concerning for us at all. Thats just my thought regarding the crypto currency exchangers.
You prioritize security rather than fee issues. I guess that's also a rational reason. As long as we feel comfortable, I don't think there will be a problem. Long term traders do not feel the impact of the fee though. I may have the same thoughts, because I also do not trade too often. And I usually choose to use an exchange that has stood for several years and has proven its credibility as a good exchange. I'm worried about some things because of the emergence of too many new exchanges.
Main point I look at when choosing an exchange (which I rarely do, I have been in crypto for 6 years now and only used 3 exchanges total for altcoin trading and only used 1 exchange for local fiat cashing out since I started) is the trust aspect. If you see the news there has been a lot of people who complain about their money being stuck on some exchanges.

Coinbase is one of the biggest exchanges in the world and they have been the unicorn of startup world in silicon valley and started a new shop in ireland as well to go global but in reality there has been a lot of complaints on reddit where people talk about how coinbase kept their money without a warning and people had trouble getting their money back until they complain to SEC or similar places.

If even coinbase is doing this than it means you need to be really really careful with exchanges, thats why I usually try to do my job quickly and try to get out quickly and not hold too much funds in any of them but if I am going to do it I try to select the best known and trusted ones.
265  Economy / Trading Discussion / Re: Exchange account management with professional trader. Need advice on: October 17, 2018, 06:08:32 AM
What do you think about the idea of giving access via API to your exchange account to a professional trader (who shows profits even in this hard times), who will manage it and receive some % from your profits? Is it a common practice to do so? Do you know someone who tried this approach?
How did you come in contact with the person? Have you met with them or just a random person? You really need to check all that. I have once received a mail from someone who claims to be a professional trader, but the only thing that seemed suspicious to me was how he got my email, cause I’m very sure I never gave out my email to anyone like that, so it’s likely to be scam. It’s your choice, if you think he’s legit and will help get you some profit, then go ahead.
Those are actually the questions the OP should really be asking himself at this point which I am pretty sure from the way he sounded; he possibly just bumped into some stranger telling him to drop his API. Rather than even giving a stranger your API, why not just make use of bots instead.

Sure, bots may have their own flaws too sometimes,  but one thing with funds is that you can only trust yourself, but as long as you give someone an access to your API as a person, you give the person full access to trade your funds and in that case, you are screwed when it gets to the wrong hands.
266  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do people believe and invest in fraudulent ICO? on: October 16, 2018, 01:34:20 PM
As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?

They invsst in the scam ICOs because they do not know how to look for a good ICOs they just invest and invest just to have money they do not think what will happen if they just invest and invest without looking and checking out the ICOs carefully.
Basically, I would say most people actually lack the knowledge and the enthusiasm to learn their environment before even getting into anything and that is what has affected a whole lot of people when it comes to making ICO investment decisions.

This is an unregulated space and the issue at hand is that a lot of people want to get rich fast and they are so gullible that the scammers are using that as an opportunity to get them since they really do not know how to play their card when it comes to due diligence before investing in any project.
267  Economy / Trading Discussion / Re: When to trade altcoins? on: October 16, 2018, 01:00:09 PM
Just make sure to choose the right token when it comes to altcoin trading. Only choose those which has high volume because the volatility is quite good for high volume token. When trading, it's best to combine bitcoin and altcoin. Stick only in bitcoin is no good, and it's the same for the opposite. Combining will result in bigger chance to earn profit. However, as you know trading is quite risky, even for the expert. So do your trading carefully, don't be easily influenced by others. Feel it with your own tempo.
Asides from even choosing the right coin, you need to access your level of knowledge in trading the market first. Do you know how to trade? What indicators you make use of as well as your strategy when it comes to buying a position, selling and stopping loss. They are the major important factors you need in a market, irrespective of the market you are trading.

One thing I have always known is that, if you tend to not use some signals with altcoin market to know the possibility of a reversal, using bitcoin alone will not help. Sure, bitcoin movement always have a lot to do in most cases, but you also want to be sure, this is something that you are most definitely looking at some indications for bullish movement in altcoins as well before making any move.
268  Economy / Economics / Re: Why Malta is the most favored Location for Crypto Exchanges? on: October 16, 2018, 12:29:19 PM
Malta AND Cyprus, both have amazing tax haven laws that allows you to have any type of website you want and easy to open one up in couple days plus pay very little to sometimes even no taxes for the profits you make, this one would you prefer if you were a new business, a quickly established cheap option or a months of regulations with high taxes ?

Why would I select to open a company in USA, UK, France, Germany or similar and be strictly followed and pay insane amount of taxes when I can bring my business to Malta and make boatloads of cash right on day 1 without worrying about government putting its nose in my business ?
Everyone already explained why malta is a favored location but we are also forgetting one other place. Limassol crypus. Those dudes are making a killin from taxes by the porn community and I think crypto is moving there small by small, for example all the exchanges near there is based on cyrpus and owners are making it work somehow. All the known porn websites like xhamster is based on limassol and there are a lot of online gambling casinos based there as well. The country is a stable one and there hasn't been a problem there since 70's hence there are a lot of business investments easily done there.
269  Alternate cryptocurrencies / Speculation (Altcoins) / Re: INS speculation. Will it rise again? on: October 16, 2018, 06:56:12 AM
Indeed! I've just checked my portfolio and the price has gone up more than an 11%!

If it wasn't for this little good surprises it would be much more difficult to bear these almost insta-dumps in the crypto market. I don't plan to sell them neither, when I decided to jump into INS's trains it was because I had some good feelings towards the concept, the team and their plan, so let's give it time.
More than 11% is not even a pump. Most of the altcoins are actually trying to gear up for a bullish movement, so INS is not an exception. As long as it is not being used in real life for anything, I can just assume everything about it to be speculative, therefore manipulative.

Nonetheless, it is an altcoin and we all know how volatile altcoins can be and I have seen some altcoins on binance actually doing great and holding up despite the market going down, but whichever way, anyone who believes in the long term of any project at this stage should be trying to get in for the long run.
270  Economy / Economics / Re: Factor to Consider on: October 15, 2018, 09:43:10 AM
What are the factor to consider that would affect the price changes or price elasticity of the Bitcoin? This is what I have read:

1. Bitcoin supply and increasing/decreasing demand
2. Bitcoin in news: Influence of media on garnering negative and positive publicity
3.Bitcoin users and developers influence the rise and fall of price.
4.New technological changes to Bitcoin

For discussion for the above mentioned. You can check this link: https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894

How about you? can you add more factor that can affect the price of the bitcoin? Comment below.
Demand and supply is what causes the price to either rise or fall. Other things you have mentioned on your list are the factors that can either trigger a decrease or increase in the rate of demand and supply. Take for example – bad news. When people hear or read bad news they are forced to withdraw and that leads to a decrease in the rate of demand while supply increases, when it’s a good news, then imagine it the other way round.
271  Economy / Economics / Re: Differences between the developed countries and developing countires on: October 15, 2018, 08:52:07 AM
The developed countries are the nations with has already a more advance technologies in their countries and the economy is booming and continue to growing fast, while the developing countries are finding ways and means ,like new technogy yo help develop their countries and the economy is not yet very stable ,but so are developing,
These developing countries, sometimes we don’t really have to blame what people are doing there. You just have to blame their government. Majority of the leaders in developing countries are criminals and they never focus on doing something good for their country, rather they are only interested in their own pocket and their family riding private jets and latest cars. If their leaders would change and put more effort in building these countries, then they will change for the better.
272  Economy / Economics / Re: The US dollar is gaining strength on: October 15, 2018, 08:06:46 AM
For now earning a dollar is much better due to high value in the market, like what said of one member our own fiat is now falling down vs the value of dollar but more people are enjoying of what is happening due to they are earning with dollar.
Same thing that is happening where I live. People who are earning dollars never complain when the value of dollars is getting higher than our country’s currency. But to me that’s stupidity. Although I earn in dollars I still wouldn’t be happy when I see my country’s currency falling.

Whether you’re earning in dollars or not, it will affect you as long as you’re living in that country. As the currency continues to fall, it doesn’t make things cheaper, rather things will start getting cost as crazy.
273  Economy / Trading Discussion / Re: is 10% a week posible on: October 15, 2018, 07:25:59 AM
I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward.
I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this
Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day.
What would you recommend and is it achievable long term
You have a good plan, but this is a very risky investment and you don’t know what will happen next. None of us are here to make loss and some people even come with plans of making more than the 10% a week, but at the end of the week it is never what they expected.

You just to be focused on minimizing your loss, and making profit of course, but learn to minimize your loss and don’t leave it till you have everything, unless you had plans for that.
274  Economy / Trading Discussion / Re: 20 Rules Followed by Professional Traders on: October 15, 2018, 06:43:13 AM
I really like this. There are people who till now they don’t know all these– some people still goes with the crowd till now and they never learn to trade with their head which is really bad for them. When loss occurs, accept it, profit doesn’t come at all times that’s why it is a risky business.

If you make a mistake, try to learn from your mistake. One of my friend who I once introduced to trading, decided to quit just because he lost once. That’s what happens when people keep on expecting profit only and counting their eggs before they hatch.
275  Economy / Trading Discussion / Re: I have a large number of Asian Bitcoin buyers, do you want to cooperate? on: October 11, 2018, 01:18:57 PM
In China, Hong Kong, Japan, etc., there are many buyers who want to buy more than 10k BTCs to find me to act as an intermediary.

But there are not many sellers on this side. Is there any way to find more real sellers?
Those people can simple go to many of the exchanges and just buy themselves, there is no need for a middleman for purchasing. Think of binance, bittrex, poloniex, coinbase, bitfinex, cryptoia, kraken and many more with the addition of localbitcoins as well.

If you want a trusted website to buy over 10k worth of bitcoins you can just use binance but be careful to buy slowly because if you purchase all of a sudden two problems will occur, first they may get suspicious about the activity level and second the more you buy the more you pump the price and will need to pay premium.
276  Economy / Speculation / Re: BTC will reach $50k this year as predicted? on: October 10, 2018, 12:52:50 PM
I used to think that bitcoin can do that and I believed in people who kept saying bitcoin will go up in price by that much but not anymore. I do not think bitcoin can reach to 20k let alone 50k it is impossible to me. As long as we have this "short futures" that whales make money by keeping bitcoin low we will not see a big increase.

Back in the day bitcoin price going up was easier because those whales collected bitcoin from low prices and when they had enough they started to buy at once and that created a hype and than the price went up. Now they use less capital to bring the price lower and still make more money from that.
277  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it the start of the bullrun already? on: October 09, 2018, 12:21:18 PM
I don't think this is the beginning of a bullrun. I also have coins in my portfolio that have grown a lot, but this does not mean that the market is recovering. Most likely, these were artificial pumps to attract new investments. I think it's worth focusing on larger currencies like bitcoin and ether.
I think it is getting there close by close but at least the falling down has stopped which is a very important step. Bitcoin was 20k at one point and dropped to 6k we know all of that however we should be glad that it did not dropped to 2k or whatever prices. This means it got stuck at 6k, there was a lot of people who talked about how the price will fall even more and cried "WE ARE DOOMED" but we did not. Which means that the price at least stabilized here and I am hoping that we can see a future that the price will be going up, unfortunately for all of us we do not know when that will happen.
278  Economy / Economics / Re: Smart Passive Income on: October 09, 2018, 11:22:04 AM
I have an idea for a website that will attract many visitors.
I will need to put a lot of effort to build it,
but then it will run (almost) by itself.

What will be the best way to convert it to some passive income?
Advertising? Affiliates? VIP registration?
How much should I expect to earn from it?

The first thing that you need to think is how to promote your site after it's online. It is the hard part for every site owner because they need to attract visitor day by day. And if they can do this for at least three months, then they can add some advertising like Google Adsense or something like that so the site will give some profit for you. Affiliates can work if you can find a good product that many people were looking for and you can use any affiliate website to choose the product.

It is difficult to say how much you can earn because it depends on how many visitors that come to your site and click the ads in that site. But I know that one website that has thousand visitors can give a nice profit at the end of the month so you can make passive income especially if you do not stop to promote your site.
I think passive income is overstated. I do not believe any money you make is passive at all. Even real estate where people think you just simply collect rent from others is not really "passive" in a way. You still have to find people to rent your space and you still have to make sure you are getting paid by them and they are not late every month.

Now that is of course less work than most other jobs but it is still work and it puts your income in jeopardy if you do not follow up on that. The only passive income I know is putting your money into savings and just let it incrementally rise up there but even that's too little to worth anything.
279  Economy / Economics / Re: Companies that are scary on: October 08, 2018, 01:23:51 PM
I'd think facebook is scsry for me because i myself am a heavy user of it and almost all my apps are synced up to it so I don't need to enter my passwords all the time. That being said, there is alot of pertinent dta there about me. Although this data in itself is not important, but combined with others, it's dangerous.
Amazon is the most scary company in the whole world. You can talk about oil companies and finance companies all you want but regulations are getting tighter and tighter for them, the more mistakes they do the more punishments and taxes they are getting and after 2008 the finance world has been getting much more careful and conservative whereas after BP oil breach on ocean the oil companies are much more careful as well.

Yet here is amazon, whose workers DIED on company work, whose workers pee on cups so they don't have to go to toilet, whose workers have feet problems from walking 12km A DAY EVERYDAY. I mean amazon is as horrible as it gets, there are many other stuff that casts a bad shadow on them as well.
280  Economy / Trading Discussion / Re: [Guide] Best/Top Crypto Exchanges: Fees & more on: October 08, 2018, 11:55:03 AM
Binance all the way!  My second  exchange I started trading on is Binance and ever since then,  I have come to enjoy it. To me, it has always have an easy interface and navigation making trading easy. I first started trading with Bittrex but the issue of incompetent support unit made me migrate to binance and I have not regretted doing so.
The important thing about exchanges in bitcoin is the trust they make as well, just the fee is not enough. Binance has been a great website for us because it has low fee's , it creates its own token for lower fee as well, they have been providing more and more coins as well and just listen to their users for which coins to add next and they also have been getting attacked by everyone and yet they have not crumbled so far which means they are trustworthy. There were many times where binance was attacked and they have done amazing defensive precautions to keep their customers safe and sound. I love binance so much.
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