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341  Economy / Economics / Re: Making local community currencies liquid and bringing them on-chain on: June 26, 2018, 01:56:50 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.
342  Economy / Economics / Re: 5904 banks frauds in 3 months in India on: June 25, 2018, 06:13:38 PM
India will face huge problems due massive overpopulation and will be lacking water supply in the future:

https://www.zerohedge.com/news/2018-06-18/water-wars-india-facing-worst-crisis-its-history

If you haven't seen it before, then I recommend you search for crazy train videos in India there is massive amounts of passengers hanging out of the train.

But even more insane is the markets next to train rails in Thailand:

https://www.youtube.com/watch?v=MENjFkEAj9g

There are pretty crazy places in this world, hard to believe that is a functional market. They are still there so someone is buying.
343  Economy / Economics / Re: Making local community currencies liquid and bringing them on-chain on: June 25, 2018, 05:52:13 PM
Bancor recently launched their initiative to alleviate poverty through blockchain. What are your thoughts on this?

https://venturebeat.com/2018/06/18/bancor-launches-blockchain-platform-in-kenya-to-enable-community-currencies/

I wish we could see africa rising and evolving out of what is certainly a shithole currently, specially in places like Ghana. A global currency would bring them into the global economy, but it must be affordable for them to use it. On-chain transactions in Bitcoin are too expensive for poor people, but thanks to Lightning Network, they will be able to participate.

I think we don't need further blockchains or tokens, just BTC with LN will be able to make BTC usable for poor people too. They will be able to sell their scrapyard resources all over the world for better deals, they just need someone smart to set it up in there for them and there is always someone smart that will find about it, even if living in a hellhole like Ghana (go watch Ghana scrapyard documentaries in Youtube).
344  Economy / Speculation / Re: BTC will not perish on: June 25, 2018, 05:18:08 PM
Bitcoin is too resilient to perish though there are fluctuations in the prices on the market. Market will soon stabilize in no time.Do you believe that?

I do not believe that bitcoin will be stable in the future. I'm even worried that it will go down this year. The market can recover in the next year, or never.

Bitcoin can NEVER be stable if by stable you mean compared to the big fiat currencies of the world, for simple reasons that include it not being used in the world economy widely and constantly.

We need to grow to massive levels, we need Bitcoin to be $1,000,000+ each to find some sort of natural balance, but still, the price swings will be wild just like in the Berkshire Hattaway class A. There are moves of $10,000 up and down in there but overtime the % of volatility went down.

That is a reserve asset. If somehow all governments start adopting Bitcoin as actual currency too and not as settlement asset like gold, then it may get stable, but we cannot control Bitcoin's price with inflation injecting more supply on it to tame it so it's just not going to be possible against fiat currencies. We need to live in a world in which 1BTC=1BTC for that.
345  Economy / Economics / Re: Digital Money = Cashless Society on: June 25, 2018, 05:11:25 PM
What most people don't get is A CASHLESS SOCIETY IS INEVITABLE. It will happen and it would have happened with or without Bitcoin. Governments didn't need blockchain technology in order to "launch their own private coin". The dollar is already an electronic currency, they will just remove the (tiny) amount of physical cash in order to destroy any hopes of financial privacy for individuals.

Bitcoin will go to $1,000,000+++ when cash is removed because Bitcoin will be the ONLY WAY to have financial privacy in a post-cash society.
346  Economy / Speculation / Re: Watch Tone Vays desperately trying to keep the price going down on: June 25, 2018, 04:42:30 PM
The market has bottomed and this is how proper trend reversals look like, but Tone Vays, trader with a big following, claimed $4900 as the best case scenario for a bottom.

I predict that he will start FUDding as much as he can to not be wrong. He was wrong at $7500 being the bottom for 2017 (we know it was $20k) and he will be wrong with the 2018 bottom again, even if he did a decent job at predicting a bear market longer than a lot of other people were claiming.
Predictions are mere speculations from a personal point of view either he got it right or wrong it does not really matter at all to me l. What is important is that the price will grow higher and stronger. That'ss count the most

Well it counts a lot to me specially if you are selling seminars and charging 0.1 BTC hourly rates for technical analysis lessons.

In the forum we are free to speculate but if you are charging money for your trades you better have a track record as good as possible otherwise people will start doubting your method.
347  Economy / Speculation / Re: Bitcoin might rise soon on: June 25, 2018, 04:30:52 PM
I don't think that we've bottomed yet.

$6.7k support previously was broken, and right now we're seeing the $6k level as support. While as much as I want this to be the end of the bear market, there simply hasn't been enough time for prices to fully consolidate at the moment.

More likely than not we'll see another dip under $6k, and people panic selling, making the prices go to anywhere between $3-5k as it bottoms.

But I do think that this is the time to start buying. We're very close to the bottom of the bear market here, and you'd be a fool to not start gradually accumulating while prices are so low and take advantage.

It's basically impossible to know. Markets bottom and most people just don't see it coming. Some people stay in denial for years about market reversals. There's people that still think the S&P500 didn't bottom in 2008, they stay in denial for years. If BTC starts going up there will be people in denial for years too waiting for that $3-5k bottom that never came.
348  Economy / Speculation / Re: Are you afraid of the market now? on: June 25, 2018, 03:38:03 PM
Just look at the $20,000 peak and you will see a healthy correction, not a flash crash. It was just a bubble naturally bursting and getting rid of all the noobs that rushed into the december FOMOfest.

Now that we are starting to slow down in the way we go down, this means there's increasingly less bear pressure and most noobs have gotten shaken out. There's still many noobs holding coins that need to give us their bitcoin but it will take some time, and maybe bullish pressure is enough to raise the price from now on without further lower lows.

We may have bottomed in February while most people haven't realized it yet. No matter what, just buy the dip and hold.
349  Economy / Speculation / Re: Watch Tone Vays desperately trying to keep the price going down on: June 25, 2018, 03:30:39 PM
He strikes me as a bit of a silly sausage but it's awful premature to call a bottom. I don't think we're close to the point of maximum pain by any means, especially when there are so many shitcoins right up there. I'd be waiting until autumn before I was confident of a particular phase being fully over.

Well I agree, we might go under $5000.. but still, theres a chance we will not and we will be under a triple bottom scenario playing out and this would mark the end of the bear cycle.

Remember that MOST PEOPLE DO NOT REALIZE A MARKET HAS REVERTED YET. When they realize, the price went way up and they missed the perfect entry point.

This also doesn't change how HE CALLED $7500 AS 2017 HEIGHT!! Imagine you sold and miss all these gains. I doubt he will admit he was wrong on a sub $5000 bottom just like he didn't barely admit how wrong he was with the $7500 peak.
350  Economy / Speculation / Watch Tone Vays desperately trying to keep the price going down on: June 24, 2018, 05:50:30 PM
The market has bottomed and this is how proper trend reversals look like, but Tone Vays, trader with a big following, claimed $4900 as the best case scenario for a bottom.

I predict that he will start FUDding as much as he can to not be wrong. He was wrong at $7500 being the bottom for 2017 (we know it was $20k) and he will be wrong with the 2018 bottom again, even if he did a decent job at predicting a bear market longer than a lot of other people were claiming.
351  Economy / Gambling discussion / Re: UFC FN 132: Cerrone vs Edwards Info and Prediction Thread on: June 24, 2018, 04:19:54 PM
I stayed up and watched almost the entire card. Its crazy how much athletes continue to improve and the overall skill level of MMA fighters continues to climb higher.

The scorecards for Donald Cerrone vs Leon Edwards say 48-47. Realistically I think 49-46 or 50-45 in Leon Edwards favor would have been more accurate. Edwards battered and beat Cowboy the entire fight whatever silly and inaccurate things commentators had to say about it.

Song Yadong, Shane Young, Petr Yan and Jake Matthews were the best prospects fighting on the card imo. Song Yadong was especially impressive.

Looking forward to Cormier vs Miocic. I guess the UFC wants Jon Jones vs Daniel Cormier 3 and so they have Cormier fighting up a weight class to ensure he holds the belt until Jon Jones returns.

I knew Jon Bones would come back for a third fight against Cormier. Dana White knows these 2 together are money making machines even if Jon Jones keeps fucking it up. I guess this is the last chance for Jones tho, if Jones screws up again in the drug tests then Dana is going to start looking incredibly stupid after saying how "Jon Jones is out of the UFC forever" again.
352  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: June 24, 2018, 04:02:27 PM
Alonso demonstrated that he is the best pilot when he won LeMans recently, he just needs to win Indy 500 and since he has already won Monaco (or alternatively, a World Champion of Formula One) he will get the triple crown. I hope he gets the opportunity to have a competitive car for another shoot next year, he deserves a better car already.
353  Economy / Gambling discussion / Re: What is best practice for gambling?? on: June 24, 2018, 12:42:20 PM
The best advice you can take when gambling it's a very similar one to trading on the markets: Never try to take a vengeance against the odds, just like you can't attempt to take a vengeance against the markets when you have a bad trade.

This means, when you lose, don't get mad and gamble out of fury, this fury will enter you into a insanity spree and you will end up losing a lot of money. In trading, a lot of people fall for the same trick. The best victory sometimes it's knowing when to retire and come back stronger another day.
354  Economy / Gambling discussion / Re: UFC FN 132: Cerrone vs Edwards Info and Prediction Thread on: June 24, 2018, 11:44:17 AM
As a casual fan I can only recognize Cobow Cerrone, OSP and Tyson Pedro, I have honestly no idea who the other guys are so I will be abstaining from gambling on this one. My number one rule is if you dont know the fighters don't even get involved.

I can't wait for UFC 226, Stipe vs DC will be a war. Also UFC 227 with TJ Dillashaw and Cody 2 will be big. I will for sure bet on these.
355  Bitcoin / Legal / Re: Is the attack "51%" legal? on: June 24, 2018, 11:35:37 AM
I don't think even double spending is fraud. I mean it is obviously fraudulent activity, but im not sure if any government at all has made laws regarding the double spend case since crypto is such a new phenomena.

I think there is nothing illegal per se, the only law is the protocol itself. It wouldn't hurt if governments made it clear for miners that if they attempted a %51 attack they would go to jail tho, but the protection against %51 attack should come from incentives not to do so within the crypto system itself and not depending on the protection of a government. So far Bitcoin is the only coin that has that, the rest of coins are fucked.
356  Bitcoin / Legal / Re: Countries with No Bitcoin Taxes on: June 23, 2018, 07:11:19 PM
Im not sure but someone mentioned recently in another forum that they were from Portugal and they were able to cash out with 0% fee in there. It's hard to believe because a country of the European Union you would expect at least some taxes even if lower in some places than others.

What is interesting is knowing if you cash out in a low-taxes country, then you will be able to come back to your native country and buy real estate there? Or will they claim that you should have paid taxes in your country and you will get in trouble? And also forget about bank secrecy anymore. If you cash out in another country chances are your local country will find out eventually, specially if you buy real estate. My recommendation is to just pay your taxes, but try to keep track of your tradings and payments and put them into an excel file or something, if you can't prove the origin of funds you cant buy the nice house when BTC reaches $500,000! im already having problems keeping track of transactions, it's so difficult. I lost some trades in Cryptsy!
357  Bitcoin / Bitcoin Discussion / Re: True Bitcoin's Lovers fight for adoption and tech development on: June 23, 2018, 06:02:49 PM
The people selling clearly weren't here in 2013 when the price crash was way worse than we are seeing nowadays. Anyone that understands Bitcoin has 100% confidence in it and knows it cannot fail. Every 10 minutes is another win for Bitcoin, the network continues working despite what institutions are saying about what Bitcoin is or isn't. Bitcoin doesn't care about the SEC labeling it or not a security and Bitcoin doesn't care if it's or not banned by any living or dead president. And that is why Bitcoin is valuable, and that is why it will keep recovering forever after every crash. Let idiots say once again that Bitcoin is dead, and it will be back with a vengeance every time.
358  Economy / Economics / Re: Tax on the crypto currency! What do you think? on: June 23, 2018, 04:39:31 PM
I think it is not realistic to be deaf in the country for every citizen, how much he owns crypto-currencies. Yes, and still recover the tax from it. To be able to collect taxes, the state should control the system itself, where the crypto currency is actually used - and this is not realistic for a single country. Scales are too huge.

It's obviously not possible to control cryptocurrency flows and therefore tax them accordingly, but they can easily track every single dollar/fiat/whatever currency that's collaborating with an exchange, then see how much fiat you spent in a single currency.

When you want to cash out to buy real state or something, you will need records of all of your trades and crypto accounting, so try to keep track of that. I have lost some of my history in trading due dead exchanges and now im worried about that. This has happened to a lot of people and I wonder what they did about it.
359  Economy / Gambling discussion / Re: FIFA World Cup 2018 Russia - the Journey on: June 23, 2018, 04:32:10 PM
Belgium did great, 5 - 2. Tunisia did also pretty decent, the difference in level is was too big in this one, Belgium was pretty offensive and this opened some opportunities for Tunisia to explain these gaps and find 2 goals.

Overall a good match from spectator POV.

At this early stage my TOP 3 are:

Germany
Brazil
Spain

Germany has always solid players, Brazil will recover I think Neymar will get better, Spain will also start showing a better game similar to 2010 and will have a chance. I leave Argentina out unfortunately.
360  Economy / Gambling discussion / Re: FIFA WORLD CUP 2018? on: June 23, 2018, 03:59:53 PM
Yes there is still opportunity for Argentina to advance to the next round. If and only if, Argentina were able to qualify for the round of 16, I consider supporting them for the rest of their game. Remember Portugal on EURO 2016? They had a bad start but they were able to win the event. Maybe the pattern will be repeated by Argentina in this world cup.
Unfortunately, patterns don't exist in football, every match is different, every team is different, and every competition is different, so we can't really compare that Portugal with this Argentina. I think Argentina is going to qualify to the RO16, but I don't see them winning the whole thing, they've been looking awful so far.

the Belgium defence doesn't exist and this point will make them lose easily in the next games.
Their shaky defence is going to be crucial in the knockout stages against any decent team with good attackers.

Argentina is already out after Croatia :



Nothing realistic can happen for them to continue, also Messi is destroyed, he is getting humiliated by Cristiano and it's showing how Messi collapses in pressure when he plays for the national team. He is too comfortable in Barca and it's just going to be sad to see Messi never win a World Cup. Without a World Cup Maradona stays the best ever or at least the best Argentinian player ever. You have to show some versatility, winning always on the same team is not enough. I hope some miracle can happen for ARG.
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