Most countries like to have control over the money used within their borders. Bitcoin and other crypto-currencies challenge this authority. What Would Happen If Bitcoin Were Declared Illegal in the USA?
If Bitcoin were considered contraband would its black market value increase like some illegal drugs or would the value fall? What economic principals would be at work in this scenario and what type of logical arguments make sense?
USA know the implication of declared bitcoin and crytocurrencies illegal as this will push bitcoinist to black market. From my studies I find out that bitcoin might be use to determine world power in future as Russia that declared it illegal before now adopted wait and see approach. China and Japan on their own are developed more blockchains and invest millions of dollars in it. If usa declare bitcoin illegal and Russia, China,Japan and other developing countries legalize it in future? The price will soot up and those countries that have invest in it from beginning will use it to bargain world power. |
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There are many websites that provide trading platform and available cryptocurrencies. I do use yobit and poloniex to technically analysis the market. My fundamental analysis sites are: reddit.com/r/bit, reddit.com/r/bitcoin and coindesk. But remember, what matters most in cryptocurrencies trading is not discovered of market trends because bitcoin and altcoins price fluctuations and are very volatile. Bitcoin and altcoins traders should spend much time in looking for coins volume as this is what determine price movement in cryptocurrencies world. This morning from coindesk, bitcoin price has raised to $938 and marketcap.com is showing higher volume in bitcoin.
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To be a successful traders both in commodities, forex, bitcoin or cryptocurrencies generally you most developed your skills and knowledge in the following keys areas:
1. You must know that trading has a mind on its own therefore, you most know the principle of money management in trading. I did not take this into consideration from beginning.
2. Buying when others are buying, selling when others are selling. This a very big secret in trading.
3. Never abandon your strategies because of loses.
4. Don't increases lots size because you are losing.
Thanks! very good advice. one question. what exactly do you mean by "money management"? most skillful traders focus on one aspect of their trading life and that is survival. Trading money management is how you manage inflow of risks capital in trading in other to survive in the market. An experiences traders analysis and technically place a trade or open a position based on the principle of survival the have in place. Skillful traders don't click sell or buy except their have calculate the lots size, where to exits if they're making profits and where to exits if they are making loses. Your money management principle enable you to survive in trading after a large loss and still remains in business. To the skillful survived is the first task after that makes profits. |
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To be a successful traders both in commodities, forex, bitcoin or cryptocurrencies generally you most developed your skills and knowledge in the following keys areas:
1. You must know that trading has a mind on its own therefore, you most know the principle of money management in trading. I did not take this into consideration from beginning.
2. Buying when others are buying, selling when others are selling. This a very big secret in trading.
3. Never abandon your strategies because of loses.
4. Don't increases lots size because you are losing.
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your first thing that you did was gambling and that is not an investment and you can not make money that way. you got lucky one time and made some small profit, but it won't last.
and what you are asking is about investing in a cloudmining website, and from what you said (giving GHS for free) it seems like you have found a scam Ponzi scheme (most cloudmining sites are scam) and your answer is no, do not invest in that. if it is free and pays you enjoy it but do not give your money to them.
Agree on both, gabling is not investment and giving money to scammers is not investment also. I would be more cautious in future. Best investment and safest investment for bitcoin is to hold it. Thats it. I want to like you did '' to hold bitcoin '' but I am always afraid when I saw the price on market when broke a lot do you have any suggestions to withstand fear to sell? To make it in life you most be patient to do something worthwhile. In bitcoin there are many ways you can have a good return on investment. Though, there are many ways you most understand that ponzi investment is not one of the way. My advice to anyone's interested in making money through bitcoin are: 1. Purchased mining tools and software. Go into mining you will need to calculate your costs like electric, cooler, e.t.c 2. Trading bitcoin with other altcoin. You need to develop your skills and knowledge on forex trading, formalized yourself with both technical and fundamental analysis. |
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Just 8 men own same wealth as half the world Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.
Oxfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.
New and better data on the distribution of global wealth – particularly in India and China – indicates that the poorest half of the world has less wealth than had been previously thought. Had this new data been available last year, it would have shown that nine billionaires owned the same wealth as the poorest half of the planet, and not 62, as Oxfam calculated at the time. https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world If eight people has hold the same wealth poor people has on earth is a great inequality. What this means if it true is there will ever be war on earth. The poor masses' has been brain wash by the social media, radio and tv that they arm are the reason there is Government but in this report I think it is better we should not have Government. Leaders all over the world are pulpy to the wealthiest of the earth. The Rothschild control 95% of the central and treasure house around the world. Most war been fight on earth today is for the evils interest of those evil man to keep their fellow human beings in forever slavery and poverty. God is watching us. |
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Well done on the new site. This site shall inherit the investor's flame...
We shall see if a slice of BK investers pops up on BD bankroll. I sure hope some will. Interested to see where we are headed with the site. I am pretty much in love with the next site but of course looking forward to more games... 300bt! I think people like us who do not have love for gambling should start developed such love. A win of 300bt is not easy with trading or buy and hold it might not be possible. The only thing I hate in gambling is the risky aspect of it. From my little finding, in gambling you are either make it or losing it. Remember gambling is a very risky venture and never invest money you cannot afford to lose. |
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Hi Guys, so I have made few bitcoins (less than 1 though) over the past few months and I have been quite frustrated at the slow rate at which i have been mining them. Anyways, i came across this trading platform that's promising 100% on my returns after 100 hours- Budget Financial https://www.budgetfinancial.net/faqMy question is, has anyone heard of them before? I don't wanna lose any money. Thanks. My guidelines for investment are: 1.Everything worthwhile take times to grow and because of this any investment that has short time of return and high percentage of return is not worthwhile so don't invest in it. 2. It most not be hyip. Most high yield investment if not all are scam they will you great promise but short time life span. 3. The return on investment most not be more than what the conventional Banking are paying on fixed deposit. |
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What is the best bitcoin trading site? any why? I've came across a few but haven't decided on one yet. I plan on documenting my results and sharing with everyone. Ive already came up with a list of best places to buy. Thanks in advance for your feedback. thanks. Those your list are very ok for trading platform. Platform only contribute little for successful trading as you can easily google them, reviews those site, come up with your own judgement. But what traders should be concerned is the knowledge, skills and information needed to trades professionally. Be it commodities, margin or leverage trading, forex and cryptocurrencies; trading market are the same- same fundamental and technical analysis, same emotions, same indicators and same platforms. |
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Greetings!
While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?
Trading is a very risky venture and you most know emotional implication of trading. In trading you are either making profits or losing. Part of skills needed to succeed in trading is emotional control skill, as most traders thought theirs strategies has power over the market. Trading be it arbitrage, forex and betting has it own mind and it can decide to change or move against your strategy based on what it think. Experience has shown that money management principle is the only way you can control your emotion. Remember loses is part of successful trade and expert treat trade in that way. |
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Arbitrage trading is not only making money from differences of the price of commodity it's deeper than that. For you to succeed in arbitrage trading you most have a commodity or cryptocurrencies and a dollar or your local currency. When you buy bitcoin for example from peeve at said $900 then transfer the bitcoin to poloniex when dollar to bitcoin is $980 then convert you bitcoin at poloniex to you dollar, you make your $80 including fees. Arbitrage is a technical games and I will advice you to develop or buy a bots that will trade for you.
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If you read between the lines, the best thing to happen would be all user funds (fiats) would be stored via third party custody. However the “third party custody” is in direct contradiction against the regulation requirement released by PBOC and other regulatory authorities in 2013, which asked financial institutions and payment processors not to provide customers with service directly or indirectly related to Bitcoin. Hmm - this sounds like a problem. it's not a problem, as the only problem cryptocurrencies has currently compared to fiat money is volatility and fluctuations of price due to margin traders who wants to makes money. The pboc has come up with a more genuine guidelines for bitcoin and other cryptocurrencies. Though the discussion between okcion, bitcc and others exchangers with people bank of china impact the market negatively, but the over all benefits will be more than negative impact in the long run. Let keep folding our hands and see how the event will unfold some days from now. |
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Op for your information, margin or leverage trading can be analyzed in three different ways. Technical analysis are those analysis which comprises using of leading and laging charts indicators. Fundamental analysis are those analysis that use news data in analyzing the market. Sentimental analysis are those analysis use to know what others traders are thinking.
For your question poloniex and yobit.net provides you with candlestick charts and if you want to use candlestick in analyzing the market and you are comfortable with it, you need to know how it works. The best and close to accurate candlestick signal for exists and entry signals is pin bar, you can google it to see how it works.
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Holders of gold will be more higher than holders of bitcoin. Most countries central bank used gold as capital reserves. Bitcoin is a child before a full growth man compared to gold. Gold has been in existence from the time immemorial and it market value keep on increasing. Bitcoin price from inception keeps fluctuating because of manipulation from major exchangers. But if countries legalize bitcoin in years to come expect it to be the best investment of our time because, of its decentralization.
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Thank you very much mr. Yahoo. I have received payment for last week. May the good lord keep on strengthening you and bitdouble.io. Once again I am grateful.
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Zhongnan Construction (SZ:000961) announced that the company plans to contribute 297 million yuan(~43 million USD) to set up Zhongnan Constrcution Blockchain Agricultural Company in Shenzhen. Along with Beidahuang(SH:600598), the new branch company will set up a joint company to build a agricultural product trading platform and financial platform on the basis of the agricultural data, and establishes a supply and certification traceability system based on blockchain technology for agricultural products. The Zhongnan Company invest 299.99 million yuan, holding 80% stake in the joint company, while Beidahuang invest 1 yuan to hold 20% shares. http://news.8btc.com/china-company-to-build-worlds-first-blockchain-farm-with-iot-dataPrivate blockchain is like...... https://www.youtube.com/watch?v=t0gqSXEJz0E Am happy that more china company are investing in blockchain. Chinese are the major shareholders in most of the blockchain and crypto currencies' around the world. Remember, that Chinese own up to if not more than 50% crypto currencies investment and because of this any little positive fundamental issue from China move the bitcoin altcoin market in a fluctuations level. |
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I see a lot of people hard to find work, supposing they know bitcoin they would move to seek bitcoin, because now it's been worth the bitcoin.
What do you think about it, between a job and bitcoin for a future better?
To me bitcoin is playing the same role a fiat money has been playing after batter trade. Money has been playing the role of exchange for goods and services, measurement of value and that is the same role bitcoin is playing in our societies today. Bitcoin is playing the leading role today because of it's decentralization and fees. If you are rendering services for bitcoin, see it as if you are exchange that services for money as bitcoin is money but in crypto form. |
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After a pull down from over$1100 to $750 the bitcoin market or price has remained in normal currencies recovery mode. The price has a steady progressive and tranquil movement. As am posting bitcoin is trading at $898 and to me, it is a good development. The enemies of bitcoin what it to full completely as it happened in 2013 but bitcoin has developed and got stronger for now than then. I specifically expect bitcoin prices to be above $2000 by the end of 2017.
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Very nice and powerful analysis from op. If am in were Electricity is lower, mining altcoin could have been a risk free options for me. But for now trading seen the only options. I Think why many people are losing in trade is due to lack of adequate skills and knowledge needed in trading. Professional traders seen the multiple daily fluctuations in the price of bitcoin and others altcoin as a great advantage but the newbies see it as great risk. professional traders makes profits either the market is going up or coming down and the newbie traders wish the market should be going up and never come down.
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If you are thinking about using bitcoin as payment gateway than you don't have to worry about securing bitcoins. As bitcoin itself is secure if you don't share your private key with anyone else or store it online.
There will be some security concerns if you use web wallets to store large amount of bitcoins and don't enabled enough security features those wallet provides. Better to use paper wallet or hardware wallet (trezor, keepkey etc) for better protection. Search about how bitcoin paper and hardware wallet works to know them better.
Your Account is secured if you don't share your I.d and password with any one. If your company what to used bitcoin as a mode of payment then the following questions come to mind. 1. How many people will be entrust with the bitcoin wallet password and I.d. 2. Has the company been hacked before as this will tell if the company information is venerable. |
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