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3801  Alternate cryptocurrencies / Altcoin Discussion / Re: What if crypto becomes centralized like the Internet in the future? on: August 29, 2019, 04:33:29 AM
You can see that this is already playing out really in the cryptocurrency space also, as we have so many centralized companies, even the so-called decentralized ones are just hiding under the name, but they are actually operating a centralized platform.

We already have very rampant centralized projects and to me, it is not a bad news, it is better, it would only continue to make people see bitcoin for what it truly is , bitcoin will be the only decentralized coin as there would be no one to compete with it, and when other platforms are all struggling for users, bitcoin will continue to grow its user base naturally without putting much efforts to it, and Ethereum is another project that I know can manage to get an expanded community also in future.
3802  Alternate cryptocurrencies / Altcoin Discussion / Re: Does scalping is the best way to earn when trading on a bearish market? on: August 29, 2019, 04:05:08 AM
trading using scalping or short-term methods such as this can provide benefits and can also make you lose, you can lose when you are stuck at expensive prices and you are easily affected by the conditions of the exchange, you can get profits in large quantities if you can control patience when doing this method.
The more reason why it is always necessary to always watch out for peak period, as long as the scalping is not done during the peak period, I think it is very safe, it is when you buy when the price is already going to All time high that you get stucked, but no matter how long you get stocked on a particular price, it would always be corrected.

Another thing that is dangerous with scalping is leveraging on it, because that one will definitely make the trader to lose out at expensive price and when the price is correcting, unlike when you trade normally, the worst would be to just hold it down there until the market balances back again now. Scalping is very interesting when you know how to maneuver your way.
3803  Economy / Economics / Re: What is behind the past few days of rally? on: August 28, 2019, 06:01:32 PM
There are rallies and bears going around all the time, you have this insane idea that bitcoin price has to keep going up, some people think like that, like bitcoin owes them some increase, it doesn't. Bitcoin could go from 10 thousand to 5 thousand to 20 thousand all the time and there is nothing we can do to stop it from doing it. Hence sometimes there are rallies and sometimes there are not and that is how the nature of bitcoin shapes up.

There is no need for a reason to rally honestly, bitcoin can do whatever the hell it wants and we would just watch it and be incapable of stopping it. If it wants to rally it will, no news no person no logic will stop it from rallying if people just get hyped and start buying all at once. That is why stop fighting it and just go along with it.
3804  Economy / Economics / Re: Future and current Humanity, Bitcoin, Gold and Fiat. on: August 28, 2019, 05:13:26 PM
I already wonder why the dollar is still the world currency and is popular without being backed by gold or another recognized asset.

This your curiosity I think is also in the mind of many. I think in my own opinion the reason I could adduce is because US dollar is one country that has done so many humanity project including allowing different regions of people into there country, that means the medium of financial exchange has to be in dollar. That begins to build to up in different spheres of life including international trade and exchange. Apart from being among the world powers, US tend to play a big brother role etc. I think they have a liberal mindset. My thinking , might be wrong well...
Says who, probably you are from America, that is why you are making all these statement, because if you know what trump is doing to other countries you will not be saying this now, it was when Clinton and Obama was still in  power that I could attest to all these that you are saying but ever since trump assumed power, it has been really hell for most countries and they are becoming unfriendly day by day, which is why their dollar might be losing value very soon and probably china will take over.

Recently, I heard that Nigeria was going to dump the coin and then partner with china to use Yuan if not because their legislative never approved it, by now, the dollar would have become like a toilet roll in their country same as it will be in my country soon.
3805  Economy / Economics / Re: 21.08.2019 $ 250 billion transaction record BTC on: August 28, 2019, 04:43:18 PM
If one person owns this kind of amount, what do you think that the person will still be doing in the crypto currency investment, the only thing he will just be making use of crypto for is either to pay for things or move some little amount of money through it but he can never ever put in such big amount of money when he knows the effect of what such huge amount of money will be.

We have so many people that has already placed order down at some certain amount, and the moment the money pushes the value of bitcoin to that, the trade will be executed making the price to drop even below the price such person bought and he will be the one losing, his $250 billion may later turn to $150 billion if he is not fast in moving it out immediately.
3806  Economy / Gambling discussion / Re: The secret of gambling? on: August 28, 2019, 03:41:06 PM
I don't know how long you can find out the secret because I don't think that the secret will come to many people since in the gambling we need to get the luck. But maybe if you can try hard, in the future, you can get the secret, but still, that is not worth for your money because I think you will lose much money before you can get the secret. I prefer to let it go and don't have any hope to get the secret because if I can get lucky, then I can win the money like other people's get.
If There was a specified time, I know that many will be willing to wait till they get this strategy but the painful thing is that it doesn’t exist. Let’s stop hoping on something that is impossible, no one will create room for that. There are a lot of successful gamblers that didn’t have to wait on secrets and our case will not be any different.

What gambling requires is consistency. I think we should just call consistency the secret of successful gambling. We find out that we are improving and getting better by the day with our games, this has been my new discovery and I have been making some very good wins of recent and it was never that way.
3807  Economy / Gambling discussion / Re: Are you guys started to gambling with cryptos or fiat money? on: August 28, 2019, 03:08:28 PM
Since I joined cryptocurrency and the moment I learned about gambling with the use of crypto and with just logging in to a site, I start gambling with cryptocurrency. Without doing KYC and without reaching first the age of 21 and above, you can gamble online. But, I never stop gambling with fiat money. The way I am gambling with fiat money is with friends, we are playing some games like color game app in play store, poker, sometimes boxing match, basketball game and many more.
I was below 18 and was very passionate about gambling, had friends then that were way older and already gambling and making money and I couldn’t just wait to get to the age to join that league but that’s the point my friend told me about cryptocurrency gambling, that I could gamble even though I was underage. It was too good to be true, I immediately registered on one of the gambling sites and luckily for me, there was nothing like KYC the, I played and won and have ever since been gambling.

Cryptocurrency gambling is truly amazing and it is the reason a lot of gamblers can play anonymously and happily. I may not have played with fiat but I am convinced that crypto is more advantageous.
3808  Economy / Gambling discussion / Re: What withdrawal fee do you consider as fair in gambling sites? on: August 28, 2019, 02:26:33 PM
Upto 0.0002btc seems to be a fair amount for withdrawal. These days most of the gambling websites aren't charging any big fees on withdrawal. Most of the time before withdrawing funds I used to go for a roll on dice or other games to compensate my withdrawal fee.
For me the amount needed for withdrawal is not really the problem, the idea is to successfully withdraw and also the web sites should be made friendly enough to enable us make wins when necessity lol. It might sound funny but this is exactly what I feel at the moment because the experience I have few days ago have left me speechless and out of words. I lost all the money on that site and until now I cannot explain what went wrong.

If that site made their withdrawal limit even 100k And I won and withdrew safely it wouldn’t mean anything to be but the withdrawal was 10k, which was not bad but I still lost all my money.
3809  Economy / Gambling discussion / Re: How Often Do you Bet on Politics? on: August 28, 2019, 10:41:59 AM
I have never in my life placed a bet on politics. I wanted to bet on Hilary Clinton to win the elections vs Trump a few years ago and we all know how that turned out so it is a good thing that I didn't. For those who like politics and have inside knowledge it can be a good opportunity to make a nice bonus.
You are so lucky that you didn’t, I have someone that lost his money on that election. It was crazy. We all called Trump a clown and a business man that is not fit to be the president of but then the end result was amazing and today he is doing so well as the president.

I also don’t gamble on politics, it’s quite risky but comes with big rewards, aside the risk, I am not really very good with politics, I don’t even enjoy the discussion but those who are will definitely make money from here. Politics gambling is most definitely among the most played and most profitable gambling, I have close friends that have made money from this gambling and it is impressive.
3810  Economy / Gambling discussion / Re: I don't know how to trust a gambling site nowadays! on: August 28, 2019, 08:29:02 AM
Personally if a gambling site is offering a deposit bonus, I first check what kind of terms they offer for that and if it has a high requirement for me to be able to attain and withdraw, I don't use it and I just let things be. Usually, only newly-erected sites are the ones offering such bonuses to attain a following from a lot of people early on in the game, and those well-established ones have some kind of bonuses every now and then but not as lucrative and crazy as to what these new sites offer.
I have seen a lot of gamblers that immediately register and start gambling on new sites without even going through the terms like you do and this is foolishness displayed to me. It’s possible that some scam sites are actually not scam as tagged but the ignorance level of players made their money blow into the air.

I am of the opinion that all gamblers should learn to read before betting, read information and read more on detecting the tricks of scam sites. There are still genuine sites out here and they are numerous, definitely more than the scam sites, so I see no reason why gamblers should still fall victim of gambling sites. I might be talking out of ignorance since I have not been scammed, but I believe It’s possible to prevent it.
3811  Alternate cryptocurrencies / Altcoin Discussion / Re: We need regulation pretty bad on: August 27, 2019, 12:42:48 PM
Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.
Having a certified blockchain developer would still not stop scammers from doing what they need to do because a blockchain developer will not filter the project he is to develop, he will only be consulted to develop the project which they might not even know the intention of the business owner, so they will simply do their job.

The only major part where I would agree with you on having certified pro developers is the aspect of low quality projects, we have so many low quality project that if we had the touch of a professional developers, those project would have been the talk of the town, and with a qualified developer, we would always have projects with real use case being released. These are part of what should really form any regulation policy.
3812  Alternate cryptocurrencies / Altcoin Discussion / Re: Bullrun time is the best time to trade on: August 27, 2019, 11:34:23 AM
When a bull run comes, almost all coin increase together, and that will make us confuse to decide which coin we want to sell. But unfortunately, we are still far from the bull run, and the price now is only up and down without we can predict with the right. But this time is a good time too to trade because we can pick one or two coins to trade. We can buy at a low price and sell at a high price but it still difficult to select the right coin because it seems, many coins want to increase together.
Once we are disciplined and not greedy, it would not be difficult to which coin we want to sell, and it all depend on the faith we have ion the coin, there are some coins that has been stagnant for too long, and the moment we see an increase in them, we have to sell the half immediately without delay because we don’t know when they will get back to the bear market.

For bull run, it is just based on what we decided to believe not that there is a proof that bull run is fixed and has to happen, because if it is meant to follow history, now that bitcoin is already on bull run is when altcoins too ought to have really followed, but I understand that they have their own season, so we give them the benefit of doubt and wait for their season, and if it comes, that would be the best time to trade most of them.
3813  Alternate cryptocurrencies / Altcoin Discussion / Re: Gigantic max supply is bad on: August 27, 2019, 10:54:47 AM
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
These are the projects that claim to have a better solution to bitcoin, and they don’t know the main reason why bitcoin created a limited supply and this limited supply of bitcoin is what has been helping it till date. Look at ripple, with all their position on the 3rd place in the market, their value is still not growing, and this is because they have such unlimited supply.

Take a look at binance, binance also applied this method, to burn tokens, and we can see its working with the real products that they have. So all this gigantic supply is really not worth it. What majority of these people needs is actually to burn those tokens and see how the coin will start to appreciate seriously and how stable the coin will also be on a very high price. When I see some project which such big supply, what I do is just to ignore them immediately.
3814  Bitcoin / Bitcoin Discussion / Re: The collapse of the system on: August 27, 2019, 10:12:36 AM
One of the reason why bitcoin was established is to have some sort of corrections to the lapses of the fiat system, and that is why it is said to be alternative, so in the event that the fiat system collapses, bitcoin can still be used, and this is the main reason why government needs to start considering the bitcoin payment system as really an alternatives because if the traditional financial system collapses now, what backup does government have? No back up or whatsoever.

I guess this is why the guru satoshi had to also put the system together with the anger has against the disorganized banking system, which is to help them reshape the banking system if they fully implement and adopt it, if financial system collapses now, only the crypto community will be exempted.
3815  Bitcoin / Bitcoin Discussion / Re: Are banks scared of crypto on: August 27, 2019, 08:18:33 AM
Banks are not and won't be scared of crypto as long as the volatility will remain very high in this domain.

Imagine how would it be for you to be paid in crypto, this month you receive 1000$ and next month 500$. Would you still prefer to be paid in crypto or fiat?
Initially at your comment, I was wondering what the relationship between banks and volatility is, but when I think of it deeply, you are actually right, I think that is why bank will want volatility to remain.

I was explaining the process of bitcoin payment to someone yesterday, and he was quite interested, but also threw this question to me, and I told him because of volatility, he could wake up and see that his money received had double by two and at the same time, he could see that the money had also decreased by two, and he has to wait for long to get it back which discouraged him a little bit about the payment part but was really interested in making it as an investment, but we still have to consider stable coins, that is why they will be necessary for such payment, and a time is coming also that bitcoin too will become a stable coin, so whatever volatility that is giving banks the courage will disappear one day.
3816  Bitcoin / Bitcoin Discussion / Re: Short Story: Bitcoin Apocalypse on: August 27, 2019, 07:45:53 AM
Interesting story and could be one of the future scenarios for Bitcoin.

However, Bitcoin might continue to exist without needing any supply extension. 21 millions are more than enough as the subdivision is one satoshi 1/100000000, suficient for daily transactions.
The supply we need is quite much more than enough for us, and if we are to look at the way bitcoin was designed, it was designed to have a limited supply in other to control the problem that we are having presenting with over printing of money by the government that is making some people have more than what they can spend, and also, bitcoin is to assist fiat which is why it is called to be an alternative coin.

From these, I am not sure that bitcoin is designed for everyone, it would have been impossible for bitcoin to be used by everyone because of the number of people that we still have not exposed to technology yet, those ones will have no choice than to continue to deal with fiat, and you can see the argument point that fiat may never really be replaced.
3817  Economy / Economics / Re: Crimes involving crypto have risen on: August 27, 2019, 06:57:33 AM
In fact, these are statistics, as far as I know, in the middle-end of 2018. But then there was hype, and scam projects were much easier to deceive people.
Now the situation has changed quite a lot and theft of funds has become much less.
This recording is certainly very disadvantaged for many people because it is very visible that the cryptocurrency industry has a risk that is indeed quite large as we now observe where there are many potential scam projects so indeed we ourselves must be careful if interested in investing
People would only need to be careful same way we are being careful with fiat also, because fiat system is the worst when it to scam rate, and we still have many people that still has not got burnt, the way we are careful is also the way we will be careful with crypto investment also. All these are there because it is still a very young system, and as we continue to move further into more development, there will be so many things that will be put in place to control this.

We have already had the implementation of kyc which is already doing its own work, and sooner than later, as government are beginning to accept crypto now, they will also come up with series of idea that would control the misuse of the cryptocurrency for illegal purposes and these figures will reduce.
3818  Economy / Economics / Re: US economy - The media says we shouldn't be afraid on: August 27, 2019, 06:15:01 AM
Maybe at this time the US economy is growing but the US economy is still likely to decline and experience a recession in the next year. For me, I will invest in gold because gold is less likely to be affected by the impact of this global recession. Just look at the US-China trade war yesterday, gold prices skyrocketed.

Another thing that makes me believe that a recession will occur is my suspicion of Trump's words to make peace with China. I am sure that the US has failed in the trade war this time, they have created their own boomerang. Well the global recession is still very high for me and I will try to invest in a safer market.

https://www.nytimes.com/2019/08/15/world/asia/donald-trump-hong-kong.html
If they are making moves to make sure that the recession does not occur, I don’t see why it should still happen, like I once said to someone, yes they know that the economy is getting bad and they will never come openly to declare it to the world being that they are respected and being that they are giants of the world, we could see signs of it from everything that trump was trying to implement by making sure that they spend less, and also making sure that they generate more money, and we could also see how he has been so strictly about some of the illegal foreigner in their country, so I believe trump is doing everything possible to ensure that the recession does not happen, and if he has to make peace with china, then nothing wrong.
3819  Economy / Economics / Re: Future and current Humanity, Bitcoin, Gold and Fiat. on: August 26, 2019, 06:01:41 PM
This was a loooooong read, I understood maybe half of it and I didn't get most of it I am not going to lie. However, for the parts I can understand, this is a Canadian problem that you have to split your orders, in other countries they add the tax in the price, so lets say you will buy something for 2 dollars, the owner of the shop pays for the tax, so he is not selling for 2 dollars, he is selling for 2 dollars minus the tax and the buyer just pays 2 dollars.

I have heard similar stories in USA as well, you see 9.99 as price of something but when you go to cashier you pay 12-13 dollars or whatever the tax is. Hence, I think the problem of split bill or whatever could be solved via just adding the tax into the prices, that way shop owner would pay the tax, not the buyer.
3820  Economy / Economics / Re: Bitcoin currency stability on: August 26, 2019, 05:22:23 PM
Media has been doing this for decades now. The difference is back in 90's people didn't know if the media was telling the truth or was telling a lie, there was no way to fact check them or really go into detail yourself so you had to believe them or just not believe them all together, you couldn't pick what was true and what was a lie.

Nowadays tho we have social media and everyone has internet in their hands which means they can watch the news or check what media is saying and they can talk with other people and see the differences. People have opted to do their own research on many topics and provide proof to others about it which means there is no more lies fed to people who do not want to, you can still be an ignorant person watching TV all day and believing the media but if you are even slightly smarter than that you can check if what you are told is true or not.
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