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321  Economy / Gambling discussion / Re: Gambling in E-Sports on: June 30, 2018, 07:20:11 PM
The game that makes the most money nowadays is clearly Fortnite. I don't know what is making this game so famous, it is rather insane. I would like an explanation. I have played it myself, I find it interesting that there is a system to build ramps, floors, ceiling and putting traps and so on, this seems pretty hard to master, but other than that is a regular shooting game with rather poor movement.

The top player in Fortnite is someone called Ninja and he is making around $500,000 a month streaming it on Twitch, this is crazy. He may become the first billionaire gamer ever if Fortnite survives beyond a fad.
322  Economy / Gambling discussion / Re: FIFA WORLD CUP 2018? on: June 30, 2018, 07:09:22 PM
Currently is going match between Uruguay and Portugal. The game is promising to be hot and active. Who will meet with Messi on the airport: Suarez or Ronaldo?

Im having a great time watching this match, it's a decent one but it lacks a bit of more action for Portugal because if they don't wake up soon I think Ronaldo may meet Messi on the way back home.

Also was sad to see Messi getting destroyed by France but I already predicted that.

I think Portugal can comeback in the next 45 minutes.
323  Economy / Services / Re: [NEW] 🚀 Sportsbet.io 🚀 [Signature Campaign] 🚀 [Full] on: June 30, 2018, 07:07:01 PM
Payment recieved, good campaign, good manager.
324  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin back to %43 dominance, altcoins down on: June 29, 2018, 04:37:09 PM
https://coinmarketcap.com/charts/#dominance-percentage

Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years.
When we are facing a bearish trend and then the majority of altcoin holders are converting their altcoin to the bitcoin, if we will be facing another bullish trend and they are repurchasing their altcoin again.
I'm not getting any surprise for that becuase this is an old scenario.

Well, I have heard that story both ways:

1) "When bitcoin goes down, people sell their altcoins for bitcoin"

and

2) "When bitcoin goes up, people sell their altcoins for bitcoin"


I have seen both scenarios play out, sometimes they apply and sometimes they don't.
325  Alternate cryptocurrencies / Speculation (Altcoins) / Bitcoin back to %43 dominance, altcoins down on: June 29, 2018, 02:40:13 PM
https://coinmarketcap.com/charts/#dominance-percentage

Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years.
326  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is crypto a cult? on: June 29, 2018, 02:12:50 PM
It's literally the opposite of a cult. Cryptography is based on MATH. You can't have belief in math, it's just freaking math, how it is a cult?

Bitcoin is backed by cryptography, math, hashrate, nodes, this creates what you would call a belief in the system, but this belief is fundamented in very tangible things (contrary to what most idiots would argue about Bitcoin not being tangible).

You cannot simply draw a parallel of religious cult with a technology.
327  Alternate cryptocurrencies / Speculation (Altcoins) / Bullish article on zerohedge on: June 29, 2018, 02:00:25 PM
https://www.zerohedge.com/news/2018-06-28/malekan-2018-shaping-be-tipping-point-institutional-embrace-bitcoin

Just saw this bullish article where they hint at institutional money coming in 2018. It's possible, since they would only get at the best possible scenario (lowest possible price). They are probably waiting for despair to kick in, which could happen if we go way below $5000, then they will go all in and absolutely destroy any shorts, they will put a long that will last for ages. If they are smart they will start thinking in terms of BTC and not USD, so the sell pressure shouldn't be high. Any government not stacking up BTC still doesn't get the memo. 2018 could be the last year we see 4 figure prices ever, 2019 if bear market is extended to try to extract as much BTC away from noob's hands as possible. Get your fiat ready.
328  Economy / Speculation / Re: It's not too late to sell on: June 28, 2018, 04:17:09 PM
It goes both ways: one could say "it's not too late to buy" and both statements would be correct, since we cannot know what's going to happen next.

What do we know is that we are going to see Bitcoin hitting 6 figures during the next decade, so why would anyone even attempt to risk not buying now only to wait for a sightly cheaper price? it's not worth risking missing the boat. Buy now, and if it goes down, buy the dip. In the long term you'll be winning.
329  Economy / Speculation / Re: Will bitcoin stay above 6k $ on: June 28, 2018, 03:49:38 PM
We may be seeing miner cost of production theory at work. A LOT of people are convinced $6k is a key point in which miners are not going to let the price go lower, so this is starting become a very solid bottom, people are eventually going to PANIC BUY and that will result in the realization and acceptance of the fact that we are not going any lower, triggering FOMOs.

There is a MASSIVE amount of fiat waiting to enter Bitcoin after all the FUD we've had since the crash, they are just trying to fool you (once again) that "it will keep going lower". They want that ideal entry point but they may not risk it and enter the market at current price. It's dangerous selling now hoping for that $3k entry point to double your money, it's doable? yes, but good luck, personally im not risking it.
330  Economy / Gambling discussion / Re: FIFA WORLD CUP 2018? on: June 28, 2018, 03:38:41 PM
I think Argentina will go far now Messi is back on track for scoring goals.
I think Maradona suffered a health scare last match with him being pulled out on a stretcher after they won.

Could be because of this Roll Eyes


Yes, Maradona (once again) didn't control his alcohol intake, most likely, I hope it wasn't cocaine. He has said he was tired and wasn't related to him drinking, he said he didn't take any drugs.. I can't believe that given past precedents.

What I can't also believe is Germany is out of the tournament... insane, first time in ages that Germany is out.
331  Economy / Gambling discussion / Re: Really! Where is the fun at? on: June 28, 2018, 03:28:34 PM
I like betting on sports, because it makes it more exciting than simply watching without no consequences. When you bet on your team or when you bet in a fight it makes it more intense because there is money on the lane.

I personally don't find any entertainment value in online roulette and so on, that is too dangerously addictive.

Physical casinos are still fun in moderation, if you go with friends and don't drink too much so you don't do anything stupid.
332  Economy / Speculation / Re: Bitcoin comes around on: June 27, 2018, 02:07:56 PM
I do not remember exactly what happened in the past years as the OP says. I only have my own analysis if bitcoin prices will not fall lower than $5k and stay at current prices ie in the range of $6k I'm sure bitcoin will recover from now even though we have to wait much longer until the market returns completely recovered.

I would like to see the price going lower than $5000, just to see how miners react to the fact that (supposedly) the price would be lower than production cost of a single coin. What would they do? Would they mine at a loss, or would they try to influence the price into being higher than this hypothetical $5000 floor? For now it seems to be working, Bitcoin refuses to go lower than that price range.

Depending on the rigs and the region some big miners are located, they are already mining at a loss.
In the last episode of the Bitcoin News Show a guy with the name Andrew form the company Hut8Mining said the average price for many miners to be profitable is in the 6000-7000 range. His company however, due to long term agreements, still has plenty of room. He said price could to $2000 until they start to mine at a loss.
So we are already in a tough price region already, from the point of view of many miners.

But these guys possibly don't have the influence and resources to attempt keeping the price higher. I don't see Jihan Wu from Bitmain running his machines at a loss for a long time, they will attempt to keep the price up. He knows many whales with resources to pump the price and make a floor there.

If the price is kept for enough time above that range people will just assume it will never go below there and FOMO will naturally kick because everyone is just waiting with fiat to get in Bitcoin. All these people that learned about it but didn't buy yet want to own some, but they are just mad that they didn't buy cheaper, so they will end up getting in.
333  Economy / Gambling discussion / Re: FIFA World Cup 2018 Russia - the Journey on: June 27, 2018, 01:46:31 PM
Messi's goal was amazing, the way he balanced the ball, excellent control while in motion then the aim to score it between the goalkeeper's hands, insane. Maybe Messi can recover from all the criticisms he's had, he was falling into pressure, let's hope this is the beginning of a better Argentina.

I would like to see Portugal vs Argentina to see Cristiano vs Messi, that would be awesome for all football fans, even if your country is not involved in the match.
334  Economy / Gambling discussion / Re: FIFA WORLD CUP 2018? on: June 27, 2018, 01:11:00 PM
Im so happy to see Argentina finally getting some good moments and scoring goals to pass on the next rounds.

This world cup is going to be one of the best because teams are very even, I have no idea anymore who the favorites are. Portugal, Spain, Argentina, Germany, England, Brazil... all the strong teams are there for eighth finals, I think im not going to gamble a lot because it's just too even. For example Russia is not a typical favorite but it's risky to bet against the host of the championship because they are very motivated to win and do well specially in the eyes of lord Putin.
335  Economy / Speculation / Re: Watch Tone Vays desperately trying to keep the price going down on: June 27, 2018, 12:43:29 PM
He's prolly fudding cos of his prop bet with poker pro Doug Polk.  Lol.  The bet is if BTC goes below 6k USD Tone Vays wins, if it doesn't Doug Polk wins.  The bet is for 10k USD.

I'm not sure what the terms are, but BTC already went below 6k a couple days ago.  If Vays already won, maybe he can stop fudding now.  Lmao.  

doug polk officially lost and is now proposing double or nothing at 3 grand.

since this vays guy has been talking up, or down, his position for so long i doubt he's gonna give it up. and there's a still plenty of time left for him to be proven right.


Tone Vays has said that the best possible scenario was $4900, but the likely scenario is actually below that, worst case scenario being $1300... so the bet should have been $4900.

I would take the money and run tho, I don't think he is going to risk it, he will get the $10k win, but if he really believed in his prediction he would take the doubling bet.
336  Economy / Speculation / Re: Bitcoin comes around on: June 27, 2018, 12:21:09 PM
I do not remember exactly what happened in the past years as the OP says. I only have my own analysis if bitcoin prices will not fall lower than $5k and stay at current prices ie in the range of $6k I'm sure bitcoin will recover from now even though we have to wait much longer until the market returns completely recovered.

I would like to see the price going lower than $5000, just to see how miners react to the fact that (supposedly) the price would be lower than production cost of a single coin. What would they do? Would they mine at a loss, or would they try to influence the price into being higher than this hypothetical $5000 floor? For now it seems to be working, Bitcoin refuses to go lower than that price range.
337  Economy / Speculation / Re: Bitcoin comes around on: June 26, 2018, 03:36:05 PM
Back in February I remember a whole bunch of dudes saying buy bitcoin, it's an amazing price of $6000 and you'll never see a chance like this again, it will just go up from here and you will be kicking yourself. Then it did indeed start going up over the coming months, it even reached $11000, nearly double they were saying, you've missed the boat.

But look where we are now. We are at the same February low of $6000. My point is history, and prices, all repeat themselves. Opportunities do come round again. I can say to those people that said to buy in Feb that we are at the same point, and the same opportunity is there again.

(Or is it? I know a whole load of people are saying it's going to fall below $6000 and may even reach $5000. So there will be opportunities. Feb was not a special time).

Uhm, actually they don't. In february it went from 6k to 12k. After that it crashed again to around 6k, that time it only recovered up to 10k. This time if ''history repeats'' as you say, we would have to see a recovery lower than 10k, possibly 8k. Your argument is a fallacy.

The real pre-December bubble bottom was around September 15, in other words the $2992 ish dip, all the way up to $20000, so if we are able to sustain the current bottom, it would be way easier to reach $20,000 again and potentially go above it.

Look at the chart again and you'll see it only took two months. So in two months we can reach $22,000 ish again, we are able to sustain last February's bottom as the definitive bottom.
338  Economy / Speculation / Re: $10,000,000 by 2028 on: June 26, 2018, 03:17:25 PM
I am pretty much, aside from my house & one apartment I rent out plus around $60,000 in fiat savings literally EVERYTHING else I possess is in bitcoin.

It had better fucking work out long term, I don’t want to be slightly above average financially & that’s why I bought into bitcoin in 2014.

HODLING until mid 2021 at the earliest.


Why set a date?

Surely you should set yourself financial goals and targets and work off those instead?

Exactly, you have to have your own personal moon goal, not some sort of date, and you should be able to buy whatever you want with Bitcoin instead of thinking that you must sell it back to fiat, otherwise you sold too early.

2028 is two halvings away, so the price should have increase a lot. I actually think we can hit the first million during the next 10 years, but 10 million is huge, the dollar would need to somehow fall and then Bitcoin would need to be seen as the replacement for the status the dollar has (as reserve currency). Can this occur by 2028?
339  Economy / Economics / Re: Making local community currencies liquid and bringing them on-chain on: June 26, 2018, 02:46:57 PM
Anyway speaking of bancor, is that thing even viable? the price has been tanking since day 1. It's been one of the worst performing ICO's of all time. It seriously looks bad, look at the all time chart:

https://coinmarketcap.com/currencies/bancor/

It was basically crashing ever since it launched in june 22 2017 to december 09 2017... that was a hell of a bear market to start the project. Let's see if they can ever reach ATH.
I dont know that much about Bcancor, but according to my technical analysis, its not on bear / bull market. It's stabil, but have potential to going entering bull market soon or later.

Because it seems already hit the buttom.

With crypto you never know. It may seem like a steal, a perfect entry point, and it may end up being another trap into continued stagnation. I honestly do not understand Bancor. As far as I can tell, this is a project that aims to inject liquidity into all the tokens or create new ones with instant liquidity. I do not understand how they can do that in a decentralized, secure way safe from attacks that will plummet the thing to 0.
340  Economy / Speculation / Re: Are you afraid of the market now? on: June 26, 2018, 02:15:02 PM
I was always psychologically ready since august of last year to see a massive crash because I was sensing too much of a FOMO market. I could be able to tolerate $4900, worst case scenario, re-testing the MtGox bubble peak... if it goes lower, I may start panicking, but at that point, why even sell? it wouldn't be life changing money, and maybe you end up selling right at the bottom of the biggest dip ever, instead of buying at such prices which would never be retested again after recovery starts.

At this point, buy and hold, too late to risk losing a position.
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