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321  Economy / Economics / Re: Have you ever thought of bringing back the Middleman - but decentralized? on: December 21, 2018, 09:23:41 AM
In this article, we cover different approaches for Blockchain Governance & Dispute Resolution, a topic that is getting more and more relevant as we are on the road for Blockchain Adaption. Oath Protocol evolves to become the standard in this field. Not only do we propose a decentralized and transparent authority to resolve disputes (bring back the middleman) but also connect Communities and thus actively contribute to accelerate blockchain mass adaption.

Check it out and leave us a comment.

https://medium.com/oathprotocol/the-lay-of-the-land-in-blockchain-dispute-resolution-and-governance-designs-9b97b0e469b8

If it is so decentralized then why we should still need those middle man if we can directly send anything from person to another person?
322  Alternate cryptocurrencies / Altcoin Discussion / Re: Spending and buying back cryptos drives the price back? on: December 20, 2018, 01:55:04 PM
We are all down by what Bitcoin's price is now today right?

I have read from this article https://coincentral.com/spending-to-revive-bitcoin/ that by holding Bitcoin alone and not spending it will only worsen more the price situation being experienced by almost all cryptocurrencies today. Since mostly what almost all are doing now is they are just keep on HODLING, not touching their assets. I somehow believe it since just by holding our bitcoin and not spending it waiting for moon will surely do not make any volume in market that makes it just stagnant. So its somehow better spending right?

As what our famous crypto forefather has stated before also; HODLing is not what Nakamoto envisioned ten years ago. Bitcoin’s purpose was, and still is, to replace the state-backed and monopolized fiat currencies. It seeks to give people power over the currency they use. It’s only by spending Bitcoin that we give it intrinsic value. As time progresses, this will push the currency back to one of its primary use case.

What are your thoughts?

I just don't think it works that way. We need more people inside crypto before we can really the prices go up and I think is based on the people who uses it.
323  Economy / Trading Discussion / Re: Hodler, you motherfucker. on: December 20, 2018, 01:26:30 PM
It all started so innocently. Why not give crypto a try? All the guys at work are talking about it. Shitcoins, ICOs, Tethers, Smart Contracts. You wanted in. It was the Next Big Thing, you fucking idiot.

So you put a little money in the crypto market in 2018. How do you feel today? Portfolio in the red. You don’t even want to look at it. Hodl, they all said. It will come back after the FUD, they all said. And now you’re numb, and depressed, and can’t even afford a bottle of Jack to drown out the pain.

You’ve learned (hopefully) that hodling is bad.

Hodling is like prayer. A lot of people may believe in it, but it doesn’t fucking work. Your assets aren’t protected by God, and they do not respond to the intensity of your beliefs. No matter how hard you believe, crypto-assets just do whatever they do. The market and the universe remain indifferent to your convictions.

In the world of poker, there’s a saying: “If within the first 10 minutes, you can’t spot the sucker at the table, it’s you.” So you’ve been pwned by crypto, Mr. or Mrs. SmartyPants. Somebody else is having a nice Christmas this year with your (actual) money.

But every failure is a learning experience. Hopefully you’ve learned something too. Most successful investors eat shit at the beginning. You know why? Because the ones you’re trading against have already eaten it, and they know how to avoid the same mistakes.

Stop Wasting Your Fucking Time

The biggest mistake most amateur “investors” (actually gamblers), make is to fail to value their own time. Like that guy at the office who always boasts that he’s up big money at the weekly poker game. If he had been installing Ikea furniture in his spare time, he’d probably have more money, and at least not be in liver failure from the constant drinking. This is not an investment strategy. It’s just work. In the gambling world, they call it “grinding.”

At a certain point, having more money doesn’t buy you the one thing you will continue to value above everything else: your time. This is precisely the difference between an investor and a gambler: and investor values their own time. A gambler doesn’t. Now, if you’re a degenerate fucking gambler, please, continue to check the crypto market every 5 minutes, and hodl like your life depends on it. There is always an inside straight that you can draw towards.

Go ahead. We’ll wait.

3 Kinds of Stupid

I don't like to generalize, but I’m going to do it anyway.  I think that there are essentially 3 kinds of people in the crypto market right now: Hodlers; Panic Sellers; and Traders.

Despite what you’ve read on Reddit, it’s not really a complicated science. Why do you think Wallstreet is run by a bunch of frat bros who could barely balance a checkbook before they were entrusted with a slide rule, your grandma’s pension fund, and a fat baggie of Colombian cocaine? Trading is fucking simple. Buy low. Sell high. Rinse. Repeat. The less emotional, the better.

Trust me, I’m an economist. We’re never wrong.

Because it’s not a complicated science, I made a simple backtest that shows the difference between a holding "strategy" (that's not a strategy) and a super simple trading strategy (ie: an actual fucking strategy). I didn't consider panic sellers simply because they’re idiots, who never make the right decisions. Never panic sell! Actually, do not buy crypto, fiat, or stocks if you are driven by fear. And most people are driven by fear.

My assumptions start from an investment of $13,000 made in January 2018 when BTC-USD price was $13,000 and therefore you would have had a balance of 1 full Bitcoin. Awesome, let's see how the two investors would end their 2018!

Holder (I really hate the word Hodler as I really hate your species):

You’re basically a flat Earther, Tesla Model 3 loving, over-paid, under educated, millenial dumbass. That’s you. You lost 76% of your capital in less than a year. Good job, idiot. Go on Twitter and tell your friends to do likewise. Maybe next year will be the year. Or not. Delete your account. 

Trader:

It's been a hard year, but you made it. You have a strategy that includes stop-losses and sets a profit appetite. You set 10% stop losses so you sold your BTC when the price was $11,700. You bought again when the price dropped to $10,000 so you had 1.17 BTC now (still not profitable but better than before, right?). So you felt confident and kept placing orders to sell and to buy strategically. If you did as I did, you should find yourself in the table below.


Yes, I am 10.97% up right now. Yes, I made profits during a bear trend. Yes, I am not the only one (whoa!). How I did it? I spent no more than 10 minutes per day in front of my laptop and used a trading bot to place orders as I wanted. "As I wanted" means "as I meant to trade" and not "as a friend of a friend told me when I was drunk in a pub".

Managing your wealth these days is a question of doing simple homework, and not listening to bullshit.  Stick with a strategy, do not panic, and (especially) have the right technology to execute it all. If you think that you can outsmart Goldman Sachs with your excel spreadsheet downloaded online and suggested by an investment "Guru", I have a bridge to sell you. Anyone who sells you their investment advice isn’t smart enough to play the market themselves. You’re the one getting played instead.

In 1613, my hero, and the first real economist Antonio Serra said that the quality of people is one of the key factors that will determine the wealth and poverty of a nation. The quality of the people is mainly determined by their common sense and by their ability to survive during difficult periods. You, holder, are the ruin of a beautiful ecosystem. You are the curse of Bitcoin economics. You, holder still have time (maybe) to change your stupid mind, even just to try and to demonstrate to yourself that you can be smarter.

STOP HOLDING, TRADE.

I love you.



I might agree with you. For me, holding sucks because a lot of people telling you to do it and also a lot of people are following it and it resulted to a lot of loses.
324  Bitcoin / Bitcoin Discussion / Re: It's 2040, the last bitcoin was just mined... on: December 20, 2018, 01:23:00 PM
What might the miners do at this junction?

Sure, they still get transaction fees. Would those escalate?

Might there be a reason to move to non-ASIC hardware?

Or a reason to change the reward algorithm?

I think when that happens only some miners would be left to do it like those big companies and I think a lot of people will start to use Bitcoin and that would be enough for the miners.
325  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] [PAYMENT IN ETH] iOS Android devices required. on: December 18, 2018, 04:54:10 PM
reserve fo filipino translation
326  Economy / Speculation / Re: How/Why to Buy Bitcoin in 2019 on: December 18, 2018, 05:53:15 AM
Hi all,

As you all know, the 2018 was one of the best/worst years of Bitcoin and Altcoins. As a result of that, we have find out that there are hundred thousands of people who has lost a lot of their funds by trading. Therefore, we as a consultancy company prepared a detailed analysis based on the most common trading failures during the 2018. During this post you will find the summary of analysis that aim to give an idea about how to trade in the 2019 if you are still interested in trading for future. The purpose of sharing the analysis is to prevent the same mistake occurs.

Premise: We assume that you have been experiencing in a good way if you didn't invested all of your money at the ATH. The most important part is to prevent to have the same mistakes in the upcoming year/s.
These are several reasons for losing the money.

1) There is only 1% of taking profit from Pump Groups; You may only be successful in few times by attending the Pump Groups but you will lose most of your funds later on. (internal monolgue: I was almost rich, so I should have the risk few more times...)
Comments: I am sorry, but you can't. Pump is the regret.

2) FOMO is another regret.
Yep, you are right. Another crucial problem with trader is that they do never pay attention what percentage a coin has increased and they just tried to get in to get some profit. However, the people who bought quiet cheaper, start to sell and they dumped on new comers
And of course most of the traders do not pay attention about the possible reasons for the increase and they just buy as a result of FOMO. And in most cases they don't have ay information about the project. They buy, because some others did.
Result: Wait for month.

3) Investing in Shitcoins.
It doesn't mean that you are going to be rich if a project offer you ERC-20 or ERC-721 tokens or any other platform based tokens. More technical information is needed.

4) X number of investors.
Ok, it's obvious that most of the investors invest on any kind of projects by checking the numbers of investors and if there is a crowd they just send whatever they have. They started to share The project SikCoin has X number of investors, therefore these people can't be wrong and that's why they should invest in.
Result: Regret.
Because it's not difficult to fake the numbers.

5) ATH in not appropriate to buy an asset.
Some of the investors, decide to invest so by considering the last several days which an coin had an sigificant increase. Therefore, they believe that the coin is going to rocketing. Why? Because they have bought it.
Wrong. They will again dumped the coin that bought before couple of days from you to buy and of course cheaper.
Result: Regret and waiting for couple of months.

6) Lack of Research before investment
Most of the traders do not research before investment, they do resarch a bit after investing and try to figure out what's going to happen if there is any price dump on the market. If you don't make your own research appropriately, then most likely ou are going to lose your funds.

7) Lack of Vision.
If you are not well-informed about coin that you have invested, you're likely to sell before increase in price or sell after dump. We have seen people arguing as waiting for x100 to sell a scam coin. In this case there is no any way for trader to sell at x100, By waiting even the investor miss some chances of selling x2 at any time. MAKE A PLAN!

8 ) Following the FUD.
As a result of lack of research, investors are selling their coins after some manipulative news that can be called as FUD. Then, the investor figures out that it was FUD/manipulative news but it's a bit late; investors already sold out with quiet cheaper thatn few hours after dump.

9) Following Influencers and copying their investments/shared coins.
Of course, it is vital to follow significant influencers who are wised or well-informed. It helps, indeed. However, it doesn't mean that people should copy whatever has been shared to their portfolio in manner of seconds. In these kind of scenarios most of the people are going to lose their funds as a result of lack of research and experience.

10) Team's nationality/citizenship;
Do not invest in any project by only paying attention to the team' nationality or their citizenship of X country. Being a citizen of any country do not legitimize what will happen in close future about price and value of the coin/token.

These are mainly what I have realised and wanted to share with you all; and would like to hear if I have missed any significant other possible reson/experince, feel free to add more.

✨2019✨

You should always try to accumulate crypto since the prices are becoming cheap enough for us to gain a lot in the coming next bull run. You should buy at any price with any little amount you can.
327  Economy / Economics / Re: What will you do in 2030? on: December 18, 2018, 05:41:09 AM
Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place. What grinds my gears is economists saying immigration is the solution and they will pay our retirement funds. This is insanity.

Anyway, do you have a portfolio that makes you comfortable about the future? we are definitely on our own so be sure to have some passive source of income for the future. Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.

No one could really know what would happen in the next years to come, but I guess crypto would be still here but I won't count on it and would diversify my investments to other financial institutions.
328  Economy / Speculation / Re: anybody buying some Bitcoin lately? on: December 18, 2018, 05:16:35 AM
It's at $3,500.  How low can it go? 

I bought more at $3600 and $3400

What's your sweet spot?

Are you waiting for under $1000???

What are you all waiting for? Roll Eyes

I do buy Bitcoin every now and then what ever price it is. Because somehow I think Bitcoin would really go up tremendously and people would never realize that.
329  Economy / Trading Discussion / Re: Binance traders are making more money than other traders on: December 17, 2018, 11:44:10 AM
I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

You could really make a good profit from Binance since it has the most volumes for all the traders in all over the world. And it has also have a lot of coins to trade with.
330  Economy / Economics / Re: Bulls are Retarded on: December 17, 2018, 10:33:53 AM
Let's take these one by one. First of all, 1 trillion dollar market cap is not something unheard of, it has done that previously and it is still quite possible and even at a 100 thousand dollars the marketcap is still lower than nasdaq and nyse combined, that is just two american stock markets that pass bitcoin marketcap even if it was 100 thousand dollars per bitcoin and we have hundreds of stock markets all around the world whereas bitcoin is a global thing not an american thing. Hence, it is possible to reach those levels, definitely not easy and definitely not anytime soon but theoretically possible.

Second thing is, the 50 dollar transaction thing, last time bitcoin went up we were not prepared for such a rise and right now with segwit and lightning network we are more than ready for something like that, all exchanges and wallets are ready to have bitcoin at 100 thousand dollars and still capable of paying low amounts of fee for transactions.

Speculators part is definitely true, I have nothing against that, if it was something fundamentally disturbing the market we wouldn't talk about the price to begin with but since we focus on the price that means speculation is not only a whale thing but its for everyone. So, you are right on that one.

Although all of those things matter I know that it would somehow reach those goals and would make the market grow instantly when all people will come back to the market.
331  Bitcoin / Bitcoin Discussion / Re: What Should I do if my bitcoin has been stolen, and where should i complain ? on: December 17, 2018, 10:22:31 AM
Hi Friends, actually one of my BTC address from Zebpay account having almost 0.01550 BTC has been hacked and the amount has been stolen just few days ago. The amount was not quite big for me, but i really fear about the security of holding the BTC in exchanges and now even in wallets.

I Just want to know is there any ways i can get back my BTC back to my account and also is there any website or authority who can help me out in getting back my stolen BTC, let me know about it. Also let me know what safety measurement should i take while holding my BTC in Exchanges. Thanks in advance.

Since Bitcoin doesn't have any company or any group who controls then it is up to to take care of your own funds. Besides the address where you can tract your funds from where it is stolen, you have nothing to do else with it.
332  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do developer find it difficult to pay bounty hunters on: December 16, 2018, 12:46:18 PM
Looking at the situation at hand now in cryptocurrency bounty hunting case, we could all see that bounty hunter has turn to a cage of war between dev and hunter these days and that really gives me concern.

Doing bounty does mean that bounty hunters are useless or something cause the way and manner developers are handling hunters now gives a very wrong signal and I see this technology as a way forward for all not a mix to scam people or get rich over night.

Though the technology is decentralized and more why we are having issue as the developer can't be sue or sue , so any bounty that hunters participate in is not a contract as we do have a clause in the terms which says " the team can change the rules any anytime " which make the whole contract useless and not legal as both party have right to decide what is good for the project after the first agreement is sign and if there must be a change them there must be an agreement between the two party not that one party will just decide on what he think will favour him alone and will now point out to the clause that say " they can change the rules anytime" 

Imagine a project who lock bounty reward for 90days base on agreement and even after that time they never release it and keep posting the hunters.

Imagine a project that assign 3% of the total supply to hunters and only used 1% and after the hard work of the hunters completing the task stipulated in the rules , the team change the rules and reduce the reward from 1% to 0.07% , like the real reward is 1M and was reduce to 70,000 for all bounty hunters .

Allowing this type of things happening and going Scott free is dmagi g the image of this great technology and making it look to newbies as a scam when many are still agitating and we that are in this space still give them chance to bad mouth our great community which I think need a very urgent attention to curb all scam project .

I think it is because when the project was a success and it raised so much than expect, then devs usually are getting greedy about it if they want to share it to the ones the helped them achieve it.
333  Economy / Trading Discussion / Re: Don't love any Alt coins. on: December 16, 2018, 12:40:30 PM
Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

Of course, people often see it as a safe haven to stay at their coins and end up losing it. If I have to join a bounty and get my salary I would sell it immediately.
334  Economy / Economics / Re: Bulls are Retarded on: December 16, 2018, 12:31:07 PM
As the title says, I firmly believe that Bitcoin bulls have something wrong with them. Now, I don't actually mean the insult. What I mean is that people who are hoping the price shoots up to $100,000 are morons.

They have no regard for the market cap

People who say that it'll shoot up to $100,000 have no concept of market caps and size. They seem to think that since a bubble happened two times, it will happen again.

You should be able to differentiate between a $1,000,000 marketcap and $1 trillion market cap. Most Bitcoiners are unable to do so. They believe in it rising to infinity and beyond because of previous movements.

That's not how the market works, dummies!

They're not concerned about actual usability

The last time Bitcoin shot up in price, any transaction cost $50 to do. A big speaking point for Bitcoin used to be that you could do small transactions for virtually no cost. This all changed once it shot up.

The ethos suddenly changed to being that Bitcoin should only be for large payments only. $1-2 payments shouldn't have any consideration.

When there are $50 fees, there will be less incentive to move money around, slowing down the Bitcoin economy. If there's no circulation and flow, how can Bitcoin be considered a currency? That leads me onto my next point...

Bitcoin is something speculators use to bet against other speculators

A high price is attractive for those in the game only. It doesn't help expand worldwide coverage. It's a turnoff, actually.

Who are the ones profiting from Bitcoin? It's the speculators.

When I look at Bitcoin from a practical point of view, I don't see $1 trillion worth of goods and services being passed through it. Russia and Australia have an economy of $1 trillion. Their total population can collectively only produce $1 trillion in value. What can Bitcoin do? Not even 1/50th of that.

If you have any "rebuttals", fire away.

They are not retarted, they just do know where to enter or not. They are simply smart enough to know everything about trading.
335  Economy / Trading Discussion / Re: Trading is a zero sum game. on: December 15, 2018, 10:43:44 AM
We have some of the most intelligent people in the world working on extracting as much wealth as possible from high volume trading.  For someone to gain money in the market someone most lose.  Imagine if we had these minds working on solving real world problems that would actually benefit society.  Just like gambling, trading is zero sum.

Living in this world is kind of making yourself and only yourself survive against other people to that every person in this world is trying to make out the best of it even when they know that they are stepping on someone else.
336  Economy / Economics / Re: Bitcoin price predictions from Twitter 5 years from now on: December 15, 2018, 10:34:49 AM
There's a lot of price predictions on Twitter, some more serious, some less, and some hillarious.


We could put together a list of predictions from people who are somehow important players in the crypto space.

Bobby Lee has a cool point (let's hope;):



If history repeats perfectly, then the current bear market for #Bitcoin would bottom out at $2,500 next month, in Jan 2019.
And then the next rally would start in late 2020, peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023.
Something like that?🙂

https://twitter.com/bobbyclee/status/1071100283638280194


Then that would be a long time since I didn't have any funds for me to accumulate for now. Maybe I should try to find a temporary job?
337  Economy / Trading Discussion / Re: bitcoins in physical stores on: December 14, 2018, 10:31:28 AM

There are many ways bitcoin could be used in physical stores.

Some guys here are planning on creating printed bitcoins, using QR code or stuffs like that.

An other possibility would be to do everything wia wifi, for instance using smartphones running a full bitcoin client, or using a web interface such as mybitcoin.com.

I personnaly think the best would be if each store could act as a bitcoin bank.  Basically you would have a bitcoin account in the shop, and you'll use with conventionnal banking-like transaction for every day purchases.  You would only transfer bitcoin something like say one in a month, just to fill up your account.   Such accounts could also use David Chaum's digital cash, so that stores could act like private money issuers.

I don't think bitcoin will put a end to banking system.  On the contrary, it will democratize it.


I am just wondering if what will they do about it when the price of Bitcoin suddenly drops and that price they got from the customers was at high?
338  Economy / Economics / Re: the future of crypto is good or bad on: December 14, 2018, 10:25:21 AM
I want to invest my savings into cryptocurrency. So I think about the future of cryptocurrency. what do you think? Do you think the future or cryptocurrency is good? Or do you think the future or cryptocurrency is bad?
Please help me, because I will invest all my savings. So if I make a bad decision, my family and I will be on the road to improve my economy.

I know that in the future there will be one person who would find a way to make good use of crypto, but for now crypto isn't that great since all people is just using it to more money.
339  Economy / Trading Discussion / Re: Would like to start trading. Looking for tips!!!! on: December 14, 2018, 10:17:27 AM
Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!

If you really want to learn trading then all you have to do is find out about basics about trading and learn even the support and resistance zone and that'll be fine.
340  Economy / Trading Discussion / Re: Which is better option for trading Bitcoin or stocks ? on: December 13, 2018, 11:39:09 AM
Hi guys , can you tell me which is better option for trading Bitcoin or stocks and how

It would be more useful to trade stocks rather than Bitcoin since it is not so volatile in stocks and you can only trade Bitcoin nicely if it is an uptrend.
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