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3421  Economy / Economics / Re: Cryptocurrency Banks: needed? on: January 24, 2018, 04:48:14 PM
The primary functions of a bank are holding and transferring money, but they can also perform a variety of other functions because of their ability to hold and transfer money. Now that cryptocurrencies give everyone the ability to hold and transfer money, the dominance of banks will come to an end.

Still, the demand for banks is likely to continue though it will take a different form.
3422  Other / Beginners & Help / Re: Crypto Trading why? Any help here please! on: January 24, 2018, 03:13:48 PM
Ive traded stocks. Ive traded forex.  ... Im confused as heck though.

I don't why you are confused. It is no different than regular currency trading, and you can always trade for USD when you are done.
3423  Bitcoin / Bitcoin Discussion / Re: Bitcoin gambling as investment? on: January 24, 2018, 07:52:30 AM
It seems like an obvious scam to me.

How do you know they will gamble with your money? They could just keep the 90% and say you lost.

Anyway, why can't you gamble it yourself? Do they claim to have a system? If they claim to have a system, then it's probably a scam.
3424  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I invest in Hedgeconnect ICO ? on: January 23, 2018, 10:56:01 PM
No. It is very simple. If you need to ask strangers on the internet, then you should definitely not.
3425  Other / Beginners & Help / Re: decentrex.com refund issue, Please someone help on: January 23, 2018, 01:53:15 PM
This is a Bitcoin forum. You might find better help in an Ethereum forum such as https://forum.ethereum.org/
3426  Other / Beginners & Help / Re: Pump and Dump groups on: January 23, 2018, 01:33:04 PM
If only people would understand that it is the members of a pump-and-dump group that are the intended victims of the pump-and-dump scam.
3427  Economy / Economics / Re: Bitcoin is useless on: January 23, 2018, 01:23:58 PM
I agree with #1-#4, but #5-#8 are a stretch.
3428  Bitcoin / Bitcoin Discussion / Re: How to explain BTC values to co-worker on: January 21, 2018, 12:48:29 AM
A bitcoin does not provide income, so it's value is based on its utility. Because Bitcoin basically has no utility right now, the current value of a bitcoin must be the discounted value of the future utility. In other words, if a bitcoin will be worth something in the future, it must be worth some fraction of that now.
3429  Economy / Exchanges / Re: is bitfenex a scam on: January 20, 2018, 08:46:19 AM
Bitfinex has been around for many years, They are not a scam.
3430  Other / Beginners & Help / Re: Is localbitcoins safe? on: January 19, 2018, 08:34:16 PM
Hello, is selling on localbitcoins safe? Seller with many feedback could have bought that account.
And when he sends it via bank transfer is that possible from him to ask for refund? And bank send him that money.
Please help, want to sell bitcoin but I'm afraid to get scammed.

Buying bitcoins on localbitcoins is very safe as long as you stay in the escrow system.

Selling bitcoins on localbitcoins can be risky, mostly because transactions through most online payments can be reversed and Bitcoin transactions cannot. I would recommend becoming very experienced with using localbitcoins before selling, and then being very careful with online selling because newbie sellers are targeted by scammers.

When I sold bitcoins on localbitcoins, I only did face-to-face transactions with cash to avoid getting scammed.
3431  Bitcoin / Bitcoin Discussion / Re: How can I buy a cup of coffee with LN if I don't already have a channel open? on: January 19, 2018, 08:23:35 PM
In a way, opening a channel is like buying a prepaid debit card. You pay a bunch of money up front and then spend it wherever LN is accepted.
3432  Bitcoin / Press / Re: [2018-01-19] Main news. Briefly. on: January 19, 2018, 08:12:09 PM
This forum is for posting links to articles about Bitcoin.

If you want to post a list of headlines from articles about cryptocurrencies, you will probably be more successful in the Altcoin Discussion forums.
3433  Other / Beginners & Help / Re: Is my understanding correct? (blockchain, ICOs, implementation, and arses) on: January 19, 2018, 02:47:27 AM
A coin exists only in its block chain. You can't have a euro block chain, for example, because euros would exist outside of the block chain.
Yes, I know that. My question is how certain blockchains (coins) can gain value by being turned to RL purposes.
Again, how could a bank (for example, and again referencing XRP) use an existing blockchain for the transactions they are already carrying out in a particular way.
If I could mentally bridge the gap between the idea of the tech, and how it's actually implemented by adopters, I could apply this knowledge to researching coins/applications that I would support.

Other than markets discovering a price through supply and demand, a coin gets its value from promises -- Chase promises that they will give you $1 for each "Chase-USD" ripple token. Tether promises to you give you $1 for every USDT. Oh sorry, Tether makes no such promise, so i have no idea how they get away with it.
3434  Other / Beginners & Help / Re: Is my understanding correct? (blockchain, ICOs, implementation, and arses) on: January 17, 2018, 10:53:24 PM
A coin exists only in its block chain. You can't have a euro block chain, for example, because euros would exist outside of the block chain.
3435  Other / Beginners & Help / Re: Pump and Dump on: January 17, 2018, 04:56:05 AM
If pump and dump comes from traders, it shouldn't be illegal....
... what will happen to them if they were caught and said that they're part of the group that pumps and dumps?
It's difficult to determine if certain pump and dump in prices were actually orchestrated...

It is clear that many people don't know what a pump-and-dump scam is. That is unfortunate, because their ignorance may lead them to join a pump-and-dump group, not knowing that they are the intended victims.

Pump-and-dump is not a rise in price followed by a fall in price. That is the result of a pump-and-dump.

If I quoted you, please read this:

"Pump and dump" (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements...
3436  Other / Beginners & Help / Re: Hi My 2018 holdings.. please validate its good or not on: January 17, 2018, 04:44:14 AM
I am holding below coins. please let me know its good or need to add or remove the coins.  i have only one month experience in this filed, its very difficult to finalize my portfolio. please help me here provide your valuable inputs.
  1. Mothership
  2. Publica
  3. minex coin
  4. icon
  5. Cybermile
  6. ATMChain.
  7. Funfair

Well, it's not looking good for you.

1. Mothership: -24% today, -45% since 1/14
2. Publica: -19% today, -71% since 1/9
3. Minex coin: -24% today, -67% since 1/9
4. Icon: -27% today, -44% since 1/9
5. Cybermiles: 25% today, -62% since 1/9
6. ATMChain: -24% today, -49% since 1/9
7. Funfair: -30% today, -60% since 1/9
3437  Other / Beginners & Help / Re: Does a paper wallet that was created need to be activated somehow? on: January 17, 2018, 04:23:53 AM
I recently created a bunch of paper wallets by downloading software and creating some addresses while I was offline.  That said, do I now need to activate these addresses somehow?  (I guess I'm kind of wondering how the exchanges will know that my addresses actually exist if I created them while I was offline).

There is no activation. Addresses are not registered or activated or anything. They are just used.

What are you trying to do? I don't know why an exchange would care if your paper wallets have bitcoins or not. If you want to send bitcoins to a paper wallet, you simply enter the wallet's address where the site tells you to.
3438  Other / Beginners & Help / Re: Email for coin on: January 16, 2018, 07:11:19 PM
  • Should I use 1 email for all or 1 coin?. Eg: 1@1.1 for Bitcoin, 2@2.2 for Ethereum, ... or allinone@email for Bitcoin, Ethereum, ....
  • Should I use Gmail or secure email like ProtonMail, Tutanota for coins?

Just as it is safer to use a different password for each account, it is also safer to use a different email and user-name for each account. This applies to all online accounts, and not just cryptocurrency accounts.
3439  Bitcoin / Bitcoin Discussion / Re: Best trading strategy on: January 16, 2018, 07:00:00 PM
In my opinion, TA is astrology for speculators.
3440  Economy / Speculation / Re: Bitcoin headed to $100,000 in 2018 on: January 16, 2018, 06:43:25 PM
It looks to me like it is headed to $10,000 in 2018.
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