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3221  Economy / Economics / Re: Bitcoin in Economics class? on: July 07, 2017, 07:55:22 AM
Teaching of bitcoin related topics is not something I see happening over here anytime soon because its just by default for anyone who wants to teach about a topic should have adequate knowledge about it which is something so lacking in the current set of lecturers available in higher institutions of learning we have here coupled with the stereotyped nature of their teachings. But at the PhD level, there might be some discussions.
3222  Economy / Speculation / Re: Nasdaq Stocks can crash ... at level of 80%. on: July 07, 2017, 05:56:53 AM
When it comes to the issue if trading stocks or commodities to me, there is no crash rather its about winning and losing while some people who lose will shout crash, others who win will continue to make noise about making the most intelligent decision they could have whether by default or by artificial influence. In the case of NASDAQ, I believe there are still some big manipulators its just for anyone trading to be smart about when to either leave or stay
3223  Economy / Speculation / Re: Bitcoin prices may hit $1 billion - Fox Business Speculates on: July 07, 2017, 05:31:59 AM
Yes, you are reading it right, it is not million.
Very interesting, while reading it I just recalled what some folk said when PayPal directors speculated for $1 million.

Like me, you also will love to read this twice : https://www.cryptocoinsnews.com/fox-business-speculates-bitcoin-price-reach-1-billion

After reading the article, I cannot but conclude that's its just an expression of thought and assumptions and from there several analogies were made without any basis just from the figment of their imagination. In as much as this would mean a lot of improvements but I don't see it happening anytime soon.

3224  Economy / Speculation / Re: Japan ends 8% consumption tax on bitcoin Today on: July 06, 2017, 10:26:29 PM
Good BOOST for monday.

The boost won't be that big. Japan still isn't the leader in trading. Also, somebody should investigate how their Bitcoin businesses are really doing.
I suspect there could be big interest in the currency but only out of curiosity and very little real use.
No matter how small, its still a boost imagine what relief this would bring to someone who wants to cash out bitcoin after he had paid fees to the miners, then wait for longer time for it to confirm, only to now pay another  whopping 8% on the same cashing out now this is no longer applicable, then I tell you its a good relief for the Japanese people and the signalling effect might eventually roll over in due time.
3225  Economy / Speculation / Re: Are declining stock markets good or bad for Bitcoin? on: July 06, 2017, 08:04:37 PM
In the past few days many stock markets have fallen worldwide. There are many voices that expecting a strong correction and a coming bear market. I wonder if falling stock markets are good or bad for Bitcoin. Normally, money that is no longer invested in stocks is to flow into other assets. Bitcoin with its rapid rise would certainly be attractive. What do you think?

From the way I see it, every situation presents its own opportunity and lessons the opportunity this gives us is to those who had wished that when the prices falls they would buy, now is their time while the lessons learnt from it is on the basis that, it will not always be on the positive side, and the negative side is always around the corner.
3226  Economy / Speculation / Re: Is it too late to buy bitcoin? on: July 06, 2017, 04:00:15 PM
From what I have read so far, it seems everyone has agreed to just one position which is that its never too late to buy bitcoin because of several reasons. For me, the moment the majority stops believing in bitcoin that will be the day that it will be too late and those who have held longer up to that point will be the ones to bear the losses that will likely accrue. But since the day is not here now, the door is still open to anyone to the extent you can afford.
3227  Bitcoin / Bitcoin Discussion / Re: Bitcoin about the free world, but not for us in the Middle East! on: July 05, 2017, 08:50:05 PM
My contribution to this is that, what you are facing is and why the restriction to people in the Middle East is probably the same reason why some ICOs will willing not accept citizens from a particular country and the same reason why some gambling sites will refuse making their services available to some countries and its not unconnected with the laws of those country. All exchange sites wants to make money and would be happy to see new sign ups everyday but they prefer to disallow that than to have a running legal battle with the agents of government which might eventually bring an end to the project they are running.
3228  Other / Politics & Society / Re: Virus Petya has not stopped. on: July 05, 2017, 07:16:31 PM
Ukraine said that they stopped the next attack of this virus. She was supposed to start in an hour. The cyber-police seized the servers of the company which is engaged in software for filing reports to the tax office and had about 500 thousand customers. Be careful, maybe not all sources eliminated.

Anybody who believes the word of government and act on it is probably not ready for the effected change because most times when they speak, they are probably doing damage control and keeping the public calm while they go about fixing the issue itself. And this case is not any different because what I see is government wanting to show they are on top of the situation because it will be unheard of if government with all the facilities and infrastructures available to it could not tame such menace.
3229  Bitcoin / Bitcoin Discussion / Re: Bitcoin is working fine! No change needed! on: July 05, 2017, 06:53:37 AM
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

If we do not accept new developments in bitcoin then we will still be suffering from transaction logs. If you remember last month there is a 200k plus pending transactions on the mempool, this implies that the current hashpower cannot comply to the demands on bitcoin. Thus it is necessary to increase the blocksize so we can make the transactions much more faster and with lower fees. If we do not accept new developments in bitcoin then companies will not trust bitcoin since it is unstable due to problematic network cause by blockchain overload. We need to increase the blocksize to bring back bitcoin into the mainstream and to attract big companies to adopt and join.
This is exactly my point because as individuals we can still cope with the time lags between sending and receiving likewise with the high transaction fees because we have come to understand the basic technicality surrounding such situations but for companies who wants to make profit and make life easier for their customers, I doubt if they will have such patience and the irony of it is that, the set of people that can pull the kind of response we want in the place that matters when it comes to government institutions are companies considering the volume of transactions they will be doing on a recurrent basis.
3230  Other / Politics & Society / Re: When did the 4th of July become so commercialized ? on: July 04, 2017, 09:26:32 PM
Yes it's a celebration, we have to consume stuff like beer and hotdogs; and watch fireworks.

BUT

I was in Home Depot and the employees were covering prices for a Fourth of July sale, like it's black Friday or something...when did this happen?


I guess in America it's a slow crawl to commercialization of everything holy or revered.


In America, we have a "go out and spend" events/holiday almost every month

Please add to:

Jan - New Years Day
Feb - Valentines Day, President's Day (was G Washington's B-day)
March - University Spring Break, [got to be something else...please add]
April - Elementary and High School Spring Break, Secretaries Day (YES...Secretaries Day) - also Jefferson's birthday (old)
May - Memorial Day Sales / Mother's Day
June - Father's Day
July - 4th of July
Aug- Vacations and Back to school
Sept - Labor Day Sales
Oct - Columbus Day sales
Nov - Thanksgiving Day (Black Friday - big one)
Dec - X-mas (big big big)



For non-Americans is it similar in your country ?

I would have been happy if what is happening over there is happening over here as a result of the celebration of Independence Day because it actually shows that even in the face of difficulties, US citizens have one day, they get to do a uniform celebration which is something that is not common in all countries. Commercializing it is just to make it more encompassing rather than a situation where people just get to sit at home and watch TVs or even go to work because they cannot affprd to stay out of work for that one day.
3231  Other / Politics & Society / Re: Did the Philippine government lied? on: July 04, 2017, 07:06:48 PM
When it comes to the issue of government one of the qualities one wants to look out for is how they manage information. The populace are always eager for the truth but in actual fact they are not ready for the truth because most times the truth always cause more harm than good and also because of their own selfish agenda, they keep the truth from the public. In this case, it could be true that the Philippine government lied but then in other to really decide whether its right or wrong there is need to understand the basis for such conclusion.
3232  Bitcoin / Bitcoin Discussion / Re: MOST COMMMON METHODS HACKERS AND SPAMMERS USE TO STEAL BITCOINS on: July 04, 2017, 05:36:54 PM
For our own protection, can everyone discuss HOW HACKERS AND SCAMMMERS STEAL BITCOIN

These tips we can all use to stay safe and not get ripped off.

Here is my #1 tip for NEVER getting bitcoins stolen.

1. NEVER TRUST ANYONE OR ANY WEBSITE

I recently found out a way and stole 7.5 bitcoin. (I'm no proud of it, I just am a broke mexican).

You stole 7.5btc in which you are not proud of but yet you still come here, create a thread and flaunt it then look for ideas on how to make more people cry over their hard earned resources. It would be better if you would share the idea you use so others be more careful as well. I have been a victim and I have learnt my lessons which a lot of people have been scammed as well.
3233  Bitcoin / Bitcoin Discussion / Re: 1 August 2017, Does everyone think it is effect to bitcoin price or not? on: July 04, 2017, 04:52:37 PM

Thank you for this reference because even before opening the thread, I had been getting annoyed of the number of times this questions has been asked with several responses only to see this again but I am not surprised a newbie did this if it had been otherwise, I would be seriously furious about this. Grin
3234  Economy / Speculation / Re: Any long term HODLers increasing the BTC stash by trading? on: July 04, 2017, 04:29:31 PM
I am a long term HODLer and believer in BTC.

I have been adding to my position since 2013. and sold 0 BTC over time.
Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.

I had no problem holding BTC when it crashed from 900$ to 200$ but I would have mental issues if I converted 1 BTC to 2400$ and had to buy again at 2500$ thus diminishing my BTC stash.

Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.


Its always something of concern in which it will be so hard to take such decision but there are two ways to go about it;

1. Sell and say bye-bye to bitcoin and just just your massive return on investment by that you would have made tons of percentage returns.

2. Just sell the one you have at this price and wait till when price crash next (if it eventually happen) then buy low and keep long-term again.
3235  Economy / Speculation / Re: ...was that the dip ... now the bubble on: July 04, 2017, 02:34:23 PM
it kinda feels this way.....

As at today when it comes to the issue of bitcoin, I feel the dip has happened in already and right now what we are facing is stability which the next direction could either be a further dip or a bubble as you have rightly suggested but nothing is certain. I prefer the position we are facing currently where price is increasing at a mild rate rather than the other way round that will attract the speculations that could further do more damage at the end of the day.
3236  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When will ico bubble burst? on: July 04, 2017, 11:57:49 AM
A lots of new ico coming everday.Abundance can reduce the value. Every ico wants to get as much as they can.Do you guys think this ico bubble will burst soon?

The only thing that will affect the ICO market is a general scenerio that will affect the crypto ,market just like the recession that affects the stock market where going to the market to raise funds became a futile exercise. But in this case, in as much as people are looking for opportunities and new intelligent projects are coming out, after scrutiny, its found to be worthwhile, then the market is not close to been burst. Opportunities abound for every to cash in and cash out but doing carefully is the key.
3237  Economy / Economics / Re: Can Bitcoin Volatility Be Controlled? on: July 04, 2017, 10:23:59 AM
At the moment the volatility cannot be controlled because to me, bitcoin space is still evolving and that is the reason why everyone needs to move with the tide in other to benefit from the current phenomenon. However, in the near future when the penetration has reached a maturity stage, it wont be be controlled due to the lack of a central body but would rather be predictable because at that point, the entrants and moneybags will not be able to swing the market with a lot of margin due to the enormous spread that would have occurred.
3238  Other / Off-topic / Re: What will the world be like in 100 years on: July 04, 2017, 09:33:51 AM
What will the world be like in 100 years ?
What will happen?
And will everything be the same as in the movies about monsters?  Grin

In 100 years, a lot would have happened if anyone of us is lucky to live that long. I see Artificial Intelligence taking over, I also foresee a large break through in the field of medicine where it might even be possible to travel back in time or even live forever. In the field of science and technology, I see machines taking over most jobs and lives become more easier to live, In the field sports, maybe people wont need to be in stadiums to play football again among several developments that would have happened to humanity at the same time a large erodement of value system and morality is equally at stake.
3239  Other / Politics & Society / Re: Trump "Overrules" Cabinet, Prepares To Unleash Global Trade War on: July 04, 2017, 08:40:46 AM
The earlier President Trump identifies that United States cannot stand in vacuum the better for everyone because those who signed the policy of free trade were not stupid at the time and were sure its for the overall benefit of the American populace to make sure they get their goods at reasonable prices in which inflation will be kept at bay and also a lot of compromises would have been made by both parties involved. This among other reasons why the other cabinet members are against such decision but since he was the one Americans voted for, I am sure they will ask him in the next four years whether they have fared better or worse.
3240  Economy / Gambling discussion / Re: Which Sport is the easiest to wager/win on: July 04, 2017, 07:03:49 AM
Soccer in my opinion is the easiest to wager and there are many games of soccer avaliable all season so you're spoiled for choices in soccer and can always bet on a different game if one doesn't go in your favor and try to recover from an earlier defeat so that makes it easier to win.
I don't know any other game that is easier to win than soccer because anytime I have to play, I am sure to win no matter how small the odds are I prefer that than to go for higher odds in which I am not familiar with the teams playing. Another reason is because I place the bets and just come back anytime I feel to know if I have won or not without having to do any verification or otherwise.
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