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361  Economy / Marketplace / Re: For god's sake, stop lestening to mainstream Media and wake up people... !! on: February 27, 2019, 09:14:58 PM
There are reasons why people look up to these geniuses, and that’s because they have been into similar fields for a long time and they have been very successful in it. So, everyone now believes that what they are saying is the truth and when they tell people not to buy they will all not buy. All these people are doing these forgetting that no matter, they are all supposed to have a mind of their own.
362  Economy / Economics / Re: Cryptocurrency lending business. on: February 27, 2019, 07:23:12 PM
I have seen a lot of them popping up recently and there are also a lot of people that are now using cryptocurrency to borrow loan, but I don’t really know how that works. But, I think most of these cryptocurrency lending platforms have their own wallet and you will have to fund that wallet before taking any loan. Though the good thing about them is that there is no collateral. And lastly, I don’t take loans, I don’t like it.
363  Economy / Economics / Re: Why we want btc etf and bakkt? on: February 27, 2019, 04:30:55 PM
The most logical answer to these is to be more legit and more professional nothing else. They will not bring anything new to bitcoin that we do not already have, this is just a PR move for people who are interested in bitcoin already. It is kind of like selling stuff on ebay for a while and not making enough to declare anything but after a certain while when you make a ton of money you let the IRS know and that is how you become a legit business.

Yes, there are responsibilities that come with it but now you are not a garage sale type of person but a business, that is what bitcoin is after. We can continue being like this forever but the more governments get into this the more laws will be for bitcoin and that would mean dealing with bitcoin will be more common than ever.
364  Economy / Economics / Re: Bitcoin Whales have accumulated thousands of coins in last 2 months on: February 27, 2019, 03:53:42 PM
This should also show us that the future is bright. These whales know something we don't know (probably) and they are betting on the price of bitcoin going up which means that if whales trust bitcoin why shouldn't we? That is at least the approach I would have, why wouldn't we really invest into something rich people do, isn't that what we have always wanted, to be on the same platform as the wealthy ?

If we are in the same train as the whales that is all we need to level the playing field and considering bitcoin is bitcoin for everyone involved we can mimick the moves of a whale and profit the way he does. When an oil company pays the president to deregulate the oil companies so they could profit more we miss out on that chance but when rich people pay the president to deregulate bitcoin users so they can profit from bitcoin, we can take advantage of that as well.
365  Economy / Economics / Re: Are off shore bank accounts worth it? (US citizens) on: February 27, 2019, 03:27:10 PM
On the topic of high interest, yes you can get higher interest in other countries but its mostly their own currency and not dollars. Which means you are betting against the fiat of that country vs dollar while getting the interest. What if you put your money into a country where their national currency lost more in value than the interest gives you against the dollar ?

In that case you wouldn't be making money at all, hell you would be losing dollars in that case. That is why it doesn't really make sense to put your money in any other country just for the interest.

Nevertheless, if you invest into those countries that is whole another topic, USA companies do make decent amount of return but they are also high entry barrier places whereas an investor could have a ton of stock from some offshore company and could reap the benefits when profiting.
366  Economy / Economics / Re: JP Morgan’s new digital ‘coin’ is not a cryptocurrency, or even a stablecoin on: February 27, 2019, 02:49:12 PM
It is not a "coin" , that is what the whole topic is about, I don't know if people are commenting without reading but its not a coin, it is not even a token. It is just blockchain system that is built to transfer money around easily.

I mean it is great way to utilize blockchain and I kind of understand why, not like they were sending money in big money trucks before but now we at least know that blockchain is much better technology than whatever other digital system they used until now.

IT department probably came up with this and they showed how it would be cheaper and easier to transfer money around and gave a projection of how much they could save and considering it is insanely cheap it was some big number so the head of the company realized they could profit from this move and gave the green light.
367  Economy / Trading Discussion / Re: Panic selling and postpone from trading, which one is the worse one? on: February 27, 2019, 08:52:43 AM
In order to stand out among all, one of the most critical and important thing a bear market investor can do is to keep away from being frenzy. Panic selling is virtually an emotional response to fear and rarely involves proper reasoned and patient analysis.
Without doubts, a trader must avoid panic selling. It is kind of improper trading. Instead of collapsing our own trading plans by emotional failures, it would be always better to quit for the day so that new opportunities may rise up in next days. Delaying will not hurt in crypto markets unlike most other markets. Hence, I strongly believe, a trader must opt for postponing rather than closing orders out of panic. This cannot be a general solution for all the situations but it will definitely handful for most of the situations.
368  Economy / Trading Discussion / Re: What do you need in A Cryptocurrency Exchange ?! on: February 27, 2019, 07:56:15 AM
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
I am always having secondary thoughts about sudden change of terms so that I might need to clear KYC with my exchange. I mean I just want assurance that I never need to have any KYC clearance as long as I am dealing only with cryptos and not fiats. I'm not sure that any exchange is providing such guarantee that they will never look for KYC when we will trade only cryptos without touching fiats parts.

Other than this I am always want stable and highly secured exchanges from hacking attempts but that will not be possible for any business because they are also not aware of how strong the hackers will come against them.
369  Economy / Trading Discussion / Re: Gaining quick profits or keep holding? on: February 27, 2019, 07:01:28 AM
As we all generally know that short term trading requires lots of time and dedication to be invested in it also bearing it in mind that you must essentially be buying and selling a handful of crypto virtually every day. To round this up, I will advise holding for long term in order to give room for huge profit and at the same time enable an environment for other sources of income.
To just get rid of all the hassles of quick profits making process, most traders are adopting long-term holding tactics. If you look for peace of mind along with great profit-making opportunities then you must go for keep holding regardless of how quickly you see profits from your trades. I never look for gaining quick profits even I have disappointed with my strategy many times still I am following long-term holding alone because bitcoin must be a good example and great reason why I am still preferring keep holding.

In recent time, I bought waves for 35k satoshi and in 3 to 5 weeks of time itself it raised up to 110k saotshi but I opted to continue my holding and right now it is reading around 70k satoshi. I am still in profit zones but I target for big things in next 2 to 3 years of time.
370  Economy / Speculation / Re: BITCOIN 1 MILLION in the end 2020? on: February 26, 2019, 07:28:29 PM
well is this true?,or just another nonsense?

source : https://www.facebook.com/CryptoMinerUK/videos/398644187551622
I love McAfee for this reason. Yes, the reason of thinking similar. 2020 may not be a year where we will see one million dollars for one bitcoin but it may not later than 2023. By 2023, the mining rewards will go less than 4 bitcoins per block and demand for new bitcoins will rise up in exponential. This supply and demand may meet in millions. I am always preferring to think in extravaganza way hence my speculation about bitcoins before 2040 would be one billion. Do not ask me for calculations as demand from world wide people is always beyond any analysis.
371  Economy / Speculation / Re: Here we go. Bitcoin ripping through $4000 on: February 26, 2019, 04:48:48 PM
We are still not that far away from 4 thousand dollars even tough we fell a bit. I mean its still not in a good spot, we need the price to go over 4.5 thousand dollars if not over 5 thousand dollars to call it a bull but consider bitcoin was 3400 just couple weeks ago I would call this increase a win. Even after falling from 4200 or so price range we are at 3800 which is more than the 3400 it used to be.

I know we are looking for a bigger increase but that will have to come at a later time. Knowing and loving the "not bottom" prices is as important as looking for a bull, as long as we are not dropping I am happy, price should always be at least this high and not go any lower and even that would be fine with me because the other option is bitcoin going down under 3400 and I am not really excited about that.
372  Alternate cryptocurrencies / Altcoin Discussion / Re: Got burned! goodbye easy money! on: February 26, 2019, 03:56:51 PM
"Still, it is precisely when most people lose hope, stumble and falter, that the greatest opportunities arise. The night is darkest before dawn. But the dawn is coming." - Beniamin Mincu CEO of Elrond Network

Check out a great article on making sense of the crypto winter and some vision for future: https://medium.com/elrondnetwork/vision-roadmap-milestones-bde4542a3047
I am a firm believer that any project that goes to ashes doesn't have to rise as a phoenix, however bitcoin is not like them. There are companies, coins, stocks hell even currencies like whatever Venezuela is using that goes to waste never to return again however I see bitcoin differently.

I believe bitcoin is something that will be in our lives for decades unless something major happens and for something that will be around after decades of trading the price can not stay at the same place and it will have to increase eventually to gather more money into it and it will take more money into it the longer it stays and the more money it takes the higher the price will be.

The price could be lower than you expected or at least its low comparatively speaking to 20 thousand dollar times but it is still at a solid price for the future profits to be made.
373  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: BitSocial - a platform for earning and effective AirDrop tool! on: February 26, 2019, 08:15:56 AM
Honestly I am not a big fan of airdrops and free giveaways as they are not worth for the time and efforts taken to collect them. Literally there are no airdrops but they are the rewards for few social media participation as now a days almost all the airdrops are demanding to subscribe their telegram channel at least and some projects require up to 10 different activities to eligible and to maximize the rewards.

What are your selection criteria to a list a new airdrop program into your channel ? If you are recommending all the projects which are conducting you to spread the news, I guess you may not sustain for long term as most of airdrops become just a shitcoins/tokens after getting listed on exchange. If you filter out airdrop programs based on potential, your channel may become a huge hit.
374  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible if we build a blockchain without a coin? on: February 25, 2019, 04:08:14 PM
There are plenty of examples of this, you do not have to make the blockchain with a coin but you can in fact make it with other stuff as well. Take cryptokitties for example, it is using the ethereum blockchain for the existence but could it be done via their own blockchain without using any other coins blockchain ? Sure they could, instead of coins we would have kitties and that would be the end of it.

There are products for insurance, so instead of coins they use blockchain to store insurance and replaced coins with contracts or whatever the insurance policy is called.

Basically, I have never seen an "empty" blockchain, it is definitely required to put something in there instead of a coin but maybe empty is possible as well? Just never seen one. So you put anything you want in there replacing coins and you got yourself a blockchain.
375  Economy / Economics / Re: Quadriga CEO Death - Real or fractional banking? on: February 24, 2019, 07:01:07 AM
I still do not think the death is faked, I mean you can't fake a death that easily when you own that much money in a bank. When you die you die and there is a funeral and there is a corpse, in order to fake your own death there should be no corpse to begin with and no one should have seen you die at all. We just need to know how this person died and where he was buried or burnt and we need to know the reports from the hospitals on how he died and autopsy reports of his death.

Lets face it if there is only 1 person who seen him die and that is his wife then there is a big chance he faked his own death however if there are multiple people who witnessed his death then we can safely say he is really dead and the company was just not ready for something like this.
376  Economy / Economics / Re: On value dilution on: February 24, 2019, 05:55:50 AM
I guess there is a sweet spot in between. I mean bitcoin without altcoins wouldn't have gotten this much attention to begin with, so bitcoin definitely needs altcoins to exists, however it is also true that some money that could go to bitcoin is also diluted into altcoins which makes bitcoin not go higher with that money.

Now, if there was no altcoins that would mean bitcoin would get that money instead but at the same time if there was no altcoin bitcoin wouldn't get attention from some people who like altcoins more as well. That is why I think there is a fine line of "too many altcoins" and also "not enough altcoins", ethereum and litecoin and many coins like that are fine and should exists and helps people out but there are over 2000 coins which we do not use or need, they are useless to begin with and should be gone.

I believe if we had like 500 coins at max, that would be fine and help bitcoin, anything over is just pure waste of time and effort and money.
377  Economy / Trading Discussion / Re: What will you do when the market goes down? This is my advice on: February 23, 2019, 07:59:58 PM
My defense mechanism against going down is always buying more on the down side, when the price is going up I tend to not buy anything, I try to even sell my coins (I have multiple coins and if I see one of them go high too much I sell that, not all of my coins but just that coin) without really a bull look there is no point of keep buying during an increase, it is always smarter to just buy during going down and sell during going up.

So, if the market goes down that means time for me to buy more coins, if the market is going up then I sell so I will have capital to buy during the going down period. I wasn't always like this and bought while going up and sold while going down and I can testify that this new version is much better than the one I use to do.
378  Economy / Trading Discussion / Re: Buy ETF via paying in bitcoin? on: February 23, 2019, 02:16:58 PM
You mean bitcoin ETF ? Or just some ETF in general ? As far as I know there is no way to buy regular ETF of something else with bitcoin, that hasn't been out yet and the offer is not available from any company. However, bitcoin ETF will probably be capable of purchasing with bitcoin as well, it is not there yet and we are waiting to hear from SEC about their decision before we start but when it starts I bet it will be possible to buy bitcoin ETF with bitcoin.

It wouldn't make any sense to provide people with bitcoin ETF without giving them an option to buy it with bitcoin, that would mean they want the money from bitcoin hype but not actually support bitcoin itself and that would not end well for them. Buying ETF with bitcoin is a long way off tough, we first need bitcoin ETF before we can move on to other ones.
379  Economy / Trading Discussion / Re: I'm so happy to receive a reward on: February 23, 2019, 06:46:49 AM
There are lots of exchanges are providing such unofficial air drops. Stex (formerly stock.exchange) is one of them in present times .

In old days, poloniex and yobit was doing it intensively and yobit got 100s of free faucets on daily basis (not sure they are still keeping them alive).

Recently, TRX based air drop of bittroent tokens must have made many devs to think this way like airdropping some new tokens based on holding of their coins may trigger pumping of their coins. I do see this is a derived version of hard fork based air drops. Expect many more such a sir drops in coming days which definitely will include lots of shitcoins too.
380  Economy / Gambling discussion / Re: Gambling - Eating your Brain and Money on: February 22, 2019, 06:17:08 PM
It is obvious that op was gambling to win money not to have fun and win if possible.
I guess if you make gambling a career, it ruins your life and turn you into an addict.
But, it is proven that you will get addicted even you will be gambling to have fun and entertainment. Your purpose of gambling will not be a concern to get addicted because gambling just need you to stay for a relatively more time with it to make you a gambling addict. Only through addiction it will eat our brain and money. If you stay away from gambling or you are not regular to gambling then you can stay safer without getting ruined your life.

Addiction will be the result of continuous gambling and it will be possible for all the gamblers regardless of why they are gambling. You can see, fun seeking gamblers also getting addicted and unable to resist themselves to stay away from gambling even after reaching their daily limits.
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