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2681  Economy / Trading Discussion / Re: Why not decentralized exchange..? on: February 22, 2020, 10:17:10 PM
I can think of a number of points why not DEX:
-harder to use
-less popular
-smaller volume, bigger delay between trades
-you rarely know who really operates them so many people will chose a known operator that claims to have insurrance from some anonymouse person

2682  Bitcoin / Bitcoin Discussion / Re: Crypto whales hacked, lost $15M BTC and $30M BCH on: February 22, 2020, 09:29:28 PM
That twitter account does not have much credibility. I remember it posting fake news about Chinese president banning cryptocurrencies a few months ago and that coincided with that first dump belo 10 thousand dollars in 2019.

I wouldn't call that news bad for BTC or BCH. He was careless if he kept everything on a single address with only a phone numbre protection. SMS verification is an old system that was popular before authenticators and hardware wallets were made. It may be good for your bank where there are rollbacks but not your crypto.
2683  Economy / Gambling discussion / Re: Which is easier, stop when you are winning or stop when you are losing? on: February 22, 2020, 07:50:00 PM
Usually it's easier to stop when you're losing because you have some money on your account or in your pocket and if that runs out you will stop whether you like it or not.
~

I disagree with this. Losing their balance on a gambling site don't stop people from gambling more and more. They simply deposit another amount, which is usually bigger than the previous one, because they want to recover their losses. And if they don't have money of their own, they borrow it. It is called "chasing losses", and it's a real hell, if you ask me.

On the other hand, for those gamblers who only play with money they can afford to lose, indeed losing their balance means stop for the day. And although it's the majority of gamblers, I don't think we are talking about them in this topic, because for them it's not hard to stop at any time, regardless of whether they are losing or winning.

I said that when you run out of money you will stop whether you like it or not. You won't be able to deposit anything if you're out of money. Borrowing may work for some people but who's going to offer a credit like to a broke addict? This may work once but then you're on the blacklist and it's all over.

You've said it yourself that the majority stops when they lose what they have on their casino balance or in their pockets. For most people this will be a signal to stop.
2684  Economy / Gambling discussion / Re: About Compulsive gambling. on: February 22, 2020, 12:08:11 AM
I suggest that if you feel that you are like that, you may visit some professionals to help you.

I didn't get a professional help for that, but on other things. I blew my rent and almost lost my apartment. That was a wakeup call for me and i just replaced that addiction with more healthier ones. But i guess my trading style gives me similar rush as gambling too.

This confirms that an addict will eventually get dragged to the bottom and this may be the point of reversal for him or the end. You can meet many recovered alcoholics who went through this. They lost everything and when they were out there living on the street they came to their senses and turned their lives around. It's the same with all addictions.

There's a rule that if you won't change your life nobody will do it for you. You have to want it yourself.
2685  Alternate cryptocurrencies / Altcoin Discussion / Re: It doesn't look like on: February 21, 2020, 11:36:40 PM
It doesn't look like Bitcoin is going to go over 10k plus till May gets here, I think what we will keep seeing is rise and fall between 8k and 10k, the best way is to keep taking profit, buying low and reselling over and over, Im just worried what will happen once halving is over and the Almighty Halving Hype died off, there is nothing making the price surge presently than this upcoming halving, what do you think?
This is a good advice that will work until it no longer does Wink

You will maybe manage to do it once or twice but the third time you'll be so confident it works and go all in and BTC will explode and catch you with your pants down. Many have tried and many have failed to make money by repeating the same trades.
2686  Alternate cryptocurrencies / Altcoin Discussion / Re: I have some funds to invest-- How do I make a good decision? on: February 21, 2020, 11:24:07 PM
you can choose a top rank coin in coinmarketcap in my opinion top 1-10 is not bad to make long-term investment so it depends on your taste you want to choose which coin suits you, I myself still maintain ethereum and tron

It doesn't work like this. Market cap isn't the only indicator you should be looking at. The most important factor is utility.
If a coin does nothing and is only a fork of a fork like BSV it can have all the market cap in the world and it will still be a vulnerable shitcoin that brings nothing ne to the table.
The only reason for its value is that it was forked from Bitcoin and some people believed that Craig could be Satoshi.

Don't choose coins at random because they have a high market cap. First and foremost get some BTC then invest the rest in the coin that you think might be important for the ecosystem.
 
2687  Bitcoin / Bitcoin Discussion / Re: US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer on: February 21, 2020, 10:56:17 PM
I'm not that fluent in English as you can see, that's why I was posted this here, I not sure if DoJ are considering illegal all type of coin mixers in general, or this is only for this particular case, where it is clear that those mixed coins were involved in money laundering?
How you guys getting this?

I think this was connected to the case of money laundering via mixers. It's not mixing that is illegal but mixing illegal funds is. I know it may look weird but the law is weird in this way.

Hiding someone in your house is legal. Hiding a criminal can be illegal depending on the crime and your knowledge of it. Hiding a fugitive whose face is in the news is illegal and they won't even ask if you knew or not. They'll assume that you knew.
This mixing case is similar.
2688  Bitcoin / Bitcoin Discussion / Re: 0.28 bitcoin to be in the 1% of richest bitcoin holder on: February 21, 2020, 10:48:49 PM
earning this 0.28, in my opinion, will be difficult for most of the users.
Earning is probably the easier part. I think this BTC0.28 is achievable in one year or two for an average investor assuming bitcoin remains around $10K. The problem is that most of us are too impatient to sell or too weak to hodl.

If bitcoin surges, those figure will quickly change. Owning BTC0.28 would probably land you to 0.5% of richest bitcoin holder.

This is achievable if you are that average signature poster. Even for bounty hunters it's doable in a year if they invest their time in the right projects.

To think that just 4 years ago people were making a whole Bitcoin every month posting in campaigns and doing various other jobs on the forum. 8 years ago you could get a Bitcoin for free by claiming faucets or taking part in giveaways. Whet we used to understand as the elite is changing every year.

I hope that by the time 0.28 makes me an elite I'll still have strong will and have that much because it's going to be worth a lot of money at that point.
2689  Economy / Gambling discussion / Re: Is gambling a threat or fun? on: February 20, 2020, 08:27:40 PM
Saying that gambling is a threat to gamblers because they might get atddicted is like saying that watching tv or playing computer games is a threat because you can get addicted.

People get addicted to almost anything: eating, drinking alcohol, smoking, narcotics, painkillers, sex. Does it mean all these things are a threat? Maybe they are if you're mentally ill and cannot control your urges but not to normal people.
2690  Economy / Gambling discussion / Re: After losing did you feel you must return the soonest to win back your losses? on: February 20, 2020, 08:03:16 PM
Yes there's this feeling of being defeated and most of us want to fight it by coming back and winning your money back. It's the same feeling when you lose a game, any game like chess or some computer game and want to try again thinking that now you know how to do it and you won't leave it like that with jus 1:0. In our mints 2:1 is always better than 1:0 because you didn't go down without a fight.

I try not to come back but the feeling is strong Smiley
2691  Alternate cryptocurrencies / Altcoin Discussion / Re: Resist all temptation to fomo on: February 20, 2020, 06:28:36 PM
Fomo is good because it's just another explanation of greed and greed is good. You want to be greedy as an investor and you want to keep your money on the move. Those who don't never win. You can sit and wait until; you're old or chooose wisely and invest.

There's always something worth investing on the market you just have to find that hidden gem!
2692  Bitcoin / Bitcoin Discussion / Re: Craig Wright: A Very Wrong Person on: February 19, 2020, 11:07:18 PM
5. Craig Wright was sued to court by Dave Kleiman's brother, because he knows for a fact that Craig Wright is Satoshi and is trying to claim half of he's Bitcoin fortune. Craig Wright did not want to be put on this spotlight he was forced into it.

LOL. Craig was stealing money left and right, borrowing then not giving back. It's already proven that he owes it to the Kleiman's family. He's only trying to prove that he was the founder to make it look like he was sharing it with Kleiman not that they were both testing a system made by someone else (Satoshi). If he would manage to prove that he made Bitcoin he wouldn't have to pay but he can't do it because he's not Satoshi and no fairytales of a mysterious courier with his private keys will not help him win the case.
2693  Economy / Gambling discussion / Re: Assess your gambling addiction level. on: February 19, 2020, 10:59:39 PM
With all honesty, I'm level 0.

I sometimes gambe once and forget about it for a month. I have so many things to do that I'm never bored and have enough money to live by so I don't have to treat gambling like a way of making more money or anything like that.

I'd say that if a person thinks about gambling all day he's not lvl 1. You should think of something in between the current lvl 0 and lvl 1.
2694  Economy / Gambling discussion / Re: Don't be a hypocrite and admit that you are a gambler on: February 19, 2020, 10:21:48 PM
When you were a kid in school, you gamble in your exam when you didn't know the answer. Should I mark option A or B or C?
This isn't gambling. This is choosing when you have nothing to lose. If you don't choose any option you will lose anyway and chosing one at least gives you 33% chance to get it right. Gambling is when you have a choice not to gamble and walk away not losing anything and not winning anything. Not marking an answer in your test is losing and walking away is also losing.

Quote
Gambling should be for fun, not for getting rich.
People should be kind, courts should be fair, nobody should go hungry...

What's the point in stating the obvious?
2695  Economy / Speculation / Re: Tone Vays Stands by $4K Bitcoin Price Pre-Halving Prediction on: February 19, 2020, 07:12:58 PM
i just want to say something that some people may have forgotten already that relates to this topic. not so long ago lots of people were also standing by their $1000 predictions claiming that price should fall down that much even when it was rising every month setting a new record. it was 2018 and 2019 by the way...

In a recent episode of On The Record, Vays spoke with Murad Mahmudov on all things crypto, revealing that he’s 85% certain that Bitcoin has not yet made a true bottom.
In fact, Vays believes that there’s a 40% chance that the true bottom will be between $1-2K and that there is a 10% chance that Bitcoin will go under $1,000.
https://sludgefeed.com/tone-vayes-sets-1800-for-bitcoin-bottom/

I have only one thing to say about his prediction: it's hyperbearish and completely wrong.
2696  Economy / Speculation / Re: Interesting fact: When Bitcoin reaches $100 000... on: February 19, 2020, 05:36:45 PM
Here's another interesting fact for you. USD is inflating and BTC is deflating. 100 years ago people were earning $5 a day, now they're earning $50 and they can't even buy same quality products their grandparents were paying $5 for.

If the question is when maybe by the time it happens 100 thousand dollars will be the value of a cheap new car or a motorcycle, like 10 thousand is now.
2697  Bitcoin / Bitcoin Discussion / Re: A question about withdrawing BTC on: February 19, 2020, 05:23:54 PM
btc_love, conversion of BTC to fiat in an anonymous way is something that is increasingly difficult to achieve. Countries around the world are introducing anti-money laundering and so-called terrorist financing measures, which also applies to crypto transactions to a large extent. If you bought crypto legally and made KYC, then it doesn't really make sense to sell it anonymously.

On the other hand, if you want to remain completely anonymous you can use the direct buy/sell method on decentralized crypto exchanges, or to find persons for face to face transactions, which of course has risks to which you must be prepared.

Big Brother is always watching, and he has bigger eyes every day Wink

It's not difficult if you exchange for cash. You can exchange to fiat in a bitcoin embassy, or a normal face 2 face currency exchange. I've done that. There are facebook groups, or you can ask around and meet some bitcoiners in your area and trade with them. Also, stores that accept BTC are a pretty anonymous way to sell your coins.

Anything where you have to show your ID, go through KYC or share your IBAN will not be anonymous. That doesn't mean anonymous trading is hard.
2698  Bitcoin / Bitcoin Discussion / Re: RIPPLE CEO goes on CNN , attacks Bitcoin on: February 19, 2020, 05:00:12 PM
They give this guy 21 mins of airtime, and he basically says that China "controls" the Bitcoin blockchain. Some other gems in there too.

https://www.youtube.com/watch?v=-Ag6kxco4kk


Look look who's talking about controlling the coin  Grin .
Ripple has been releasing new coins out of thin air for a long time now. This basically proves they are the ones who are controlling their platform.
Bitcoin is decentralized with limited supply and hence, it's way better than XRP.

And don't forget about theprofits they are taking from it. The whole Ripple foundation and their board of directors is earning millions of dollars by dumpingtheir shitcoin on the market.
They were promissing people deals with banks, XRP being accepted as a value transfer coin of centralized fiat banking. It was to allow banks to use the benefits of cheap crypto transactions without the anarchistic views of decentralized crypto.
Years later - nothing. No deals, no banks using it and the price at 10% of what it used to be Wink
2699  Bitcoin / Press / Re: [2020-02-16] China Shows Why Bitcoin (BTC) Is Important by Quarantining Its Bank on: February 16, 2020, 11:09:56 PM
There are statistically more bacterias on banknotes and coins than in the toilets but they never quarantine. Not even talking about contaminated banknotes with cocaine and a vector of diseases such as hepatitis C. Is it difficult to invent banknotes than can be washed in the washing machine (I use sometimes Chlorine on coins^^)

China did the same during the SARS crisis but it's a waste of time/resources to me, and the argument saying Bitcoin can't be contaminated is subjective.

I could call a bitcoin contaminated, not with a virus, but when it's labeled as a tainted bitcoin.

This is true. I also read that there's more bacteria on your average keyboard and mouse than on your toilet seat because that is usually cleaned often (in most houses once a week) and how often do you wash your keyboard or mouse with a sanitizer? Once a year? Never?

The most dirty places at home? Not your toilet, sink, bathroom floor, not even your desk, but the things you touch every day and almost never clean with detergents like door handles and light switches. You touch them every day when you come home and most of your visitors also do.

Flu viruses die on dry surfaces. They spread well from person to person because the air we breathe out is moist but they die fast in our cars and on paper notes. Are they using panic to stop flow of cash?
2700  Economy / Speculation / Re: One satoshi for $1 dollar will occur someday on: February 16, 2020, 10:58:11 PM
Only answer that makes sense. 1 satoshi at $1 pins Bitcoin at $100Million. Not gonna happen unless some major shit happens. Probably not in our life time. Maybe our grandchildren's lifetime, but nobody knows the future.

Bitcoin is that major shit. It's already happening, dice are rolling, cards are in play.

I see one real scenario for OP’s predictions to come true: we must not calculate in US dollars but in Zimbabwean dollars. In this case, everything is real  Cheesy
Seriously speaking, the option described by OP is impossible - the commissions on the network will be unrealistically large.

A Bitcoin is worth 3.6 million zimbabwean dollars if you count the price of BTC at 10 thousand USD so it's long past 1 million per Bitcoin Wink
You need to find a more suitable currency to fit the value.
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