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41  Economy / Gambling discussion / Re: Cricket match prediction discussions on: December 06, 2018, 03:51:32 PM
India are 9/250 which isn't a very big total however Australia bowled very well today and I would have them just in front at this stage of the game. It will be interesting to see how Australia bat on this pitch as it did look like the ball was slow coming onto the bat.
No. For Adelaide, this must be a very good score and now India may bowl out Australia within 180 runs too. Hence, I am not considering Australia just in front this stage.  I am predicting all these by considering the India's pace attack and the weakness in Australian batting line up. It may get holed up at any time as India has variety of bowlers to make them struggle. I am still considering India is the favorite for this series and definitely for this first test after scoring a decent total on day one.

Australia in peril of losing this series by 2-0 or 3-0 at least. India may cement their number one test ranking for ever just due to this series.
42  Economy / Gambling discussion / Re: What causes a person to become intensely addicted to gambling? on: December 06, 2018, 12:45:01 PM
I bet that there are lots of people who've gambled their entire life without getting addicted whatsoever.
How we may say that is not an addiction ? Is this statement is not contradicting with what most gamblers here stating ?
I mean most gamblers are sharing that gambling is giving them ONLY losses. If that is true then continuing with gambling for entire life must have a reason which might be addiction.

Quote
How many people buy weekly lottery tickets? Would you say that they're addicted to gambling? Even if they spend the same amount of money every week and it does not cause them harm in any way?
Engaging with lottery is a clear-cut indication of addiction. See, buying lottery in seconds and then waiting for the result is justifying that you are enjoying your way of gambling ? They might have started for chasing down their early losses and spending same amount or limited amount will not indicate that they are not addicted.

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It's almost impossible to make these kinds of generalized statements, you'll always have people that have a completely different reaction to long-term exposure.
Probably you have mistaken that addiction as a negative one. A teacher who is engaging himself for various education related activities also gets addicted with his activities. I have seen many teachers who are unable to stay at home after retirement.

Now, go back to your statements. Doing something for entire life must have some reason beyond why that is existing. There are CLEVER drunk-addicts like they do drink very small amount for every day but they never lose their conscious also they are able to hide this activity from family members. Could we call them non-addict ?

Trying out lottery tickets must be a pure way of gambling. Because, it is being practiced only for the reason of winning some big money. When keep trying it, a gambler will always get greedy but due to available resources they may limit themselves for weekly once or any like that that. We may term them "CLEVER" gambling addicts.
43  Economy / Speculation / Re: 600k BTC - who is this? on: December 06, 2018, 08:25:14 AM
There are so many unknowns about this all together. Are they an exchange ? If they are that would make a lot of sense, they could be just doing some cold storage moving all together to segwit address however do we know if they are an exchange or not? Also if it is just couple people, even at 2012 times that is a lot of money to shell out on bitcoin, not that people didn't do it but even Winklevii twins who have been outspoken about their bitcoin holding doesn't have that much bitcoin.

Considering Craig was given 1.1 million that is the biggest possibility, maybe its him? If it is someone else than it means there is 1.1 mil at Craig, 400k at Winklevii and 600k here which comes down to 2 million bitcoin all held by just 3 owners. That is not a good news for us at all.
44  Economy / Speculation / Re: Yet another worse scenario a head of BTC on: December 06, 2018, 07:06:01 AM
There are weak supports even further down the line because if the price is closer to one support line that gets heavier and heavier over time whereas the support for something like 1900 doesn't need to be strong since the price is so far away from it. If the price was about 2200 dollars right now you can be definitely sure that the support line for 1900 would have been much stronger than what it is right now.

The point I am trying to make is that the closest support line is always the heaviest one there is and the further down it goes becomes weaker. Same with resistance, if the price somehow magically went up to 18 thousand dollars right now, it is easier for it to go to 19 thousand dollars however it is incredibly hard to go back to 6.5 thousand which it was just a month ago.
45  Economy / Economics / Re: Who is really hopeful about the future of Bitcoin and why? on: December 05, 2018, 04:44:41 PM
I am not really hopeful about the price because as we can clearly see bitcoin is insanely volatile and it will not be providing us with any ease of mind in the future. Even if the price reaches to $100k one day, there is nothing stopping people selling their coins and making it go back down to $40k and losing 60% of their investments.

Hence, no matter what the price is bitcoin will always be a dangerous investment. However I am really hopeful about the future for the technology. Fiat and the banks had their time and with this improvements on finance world thanks to blockchain and many amazing new coins, the world will be a better place for all of us.

The amount of debt in the whole world will start to eradicate soon and when it goes below enough we will all start to live a bit better off.
46  Economy / Economics / Re: Block Chain eliminates regulators on: December 05, 2018, 12:59:40 PM
Regulations are really killing it lately. I mean the regulations giving to exchanges and how it should be run is really limiting the anon part of the deal. We are forced to give our information if we want to do any decent amount of trading and I understand that there could be some money laundering going around in bitcoin but exchanges are really giving everything governments wants from them.

Look at all the casino world, online casinos are doing the Malta route or similar no-nonsense places in order to avoid those type of regulations, maybe exchanges should start looking at that kind of stuff as well. With these heavy regulations the market can't really take off because really rich people are afraid of joining bitcoin while staying hidden. Regulations should only apply to new ICO's which really needs regulations to begin with.
47  Economy / Speculation / Re: Bitcoin Prediction to hit 100,000$ on: December 04, 2018, 04:35:26 PM
I know it looks like it would be impossible for now however that is the most realest number we can reach.

I do not mean right now or anytime soon but for the foreseeable future 100 thousand dollars per bitcoin looks like the highest we can reach before the economics collapse. It will be around 17 trillion dollars to 18 trillion dollars in bitcoin marketcap and that is even though incredibly higher than what we have right now still looks like the max cap compared to all other worlds stock markets and commodity markets.

If the price reaches anywhere close to 100 thousand dollars ever, I will sell all my coins that I have and will sell all that I will ever earn without keeping any of them in my wallet. At that point people will start to realize it is not going anywhere higher.
48  Economy / Trading Discussion / Re: The Most IMPORTANT Bitcoin Trading Tip on: December 04, 2018, 03:56:32 PM
https://www.youtube.com/watch?v=xNQ5QJ1G9iU

The best investors are only right 40% of the time, but they're smart enough to recognize a bad investment and cut the losses early.
There is a big difference between volatile markets and markets like stock market.

For example, a good hedge fund manager called Peter Lynch wrote books about how to invest, it wasn't a pretty book and it was basically a regular person trying to be a writer so you read a lot of needless Jibber jabber along the way but if you shorten the book to summarize it than you get something like "value investing" that Graham and Buffett have been doing for years, he just made it easier to understand and gave you a recipe.

I have followed that rule on the stock market for the past 9 years and have been making about 16%-20% profits yearly ever since than.

Moreover, you can't apply that to crypto since it is incredibly volatile and there are no investors and recipe like that for it so far. Hence there is no correlation that you can draw between the two.
49  Economy / Trading Discussion / Re: Blood everywhere on: December 04, 2018, 02:13:58 PM
Investors like big whales do wait for this type of opportunity where the market falls so that they can buy in bulk and make quick or short term profits during this time. Even if they get 500$ per btc they buy in huge qty so their total profit is very big which is helps them to earn big profits. Also if bull run happens it is lottery for them as they can make couple of thousands easily on per btc.
We cannot blame only whales for such a blood bath in crypto markets. But I agree that whales trigger and then all of us are following them. Why not we just learn from these whales, I mean why not we also make use of this downfall by buying for making some big profits. Not just whales, we are also able to control this market in some levels if we unite ourselves.

Continuously buying will help anyone to average their buying price levels as no one will be able to buy at exact lower price levels. I have seen many veteran people here are suggesting always to keep buying whenever we do find considerably lower price levels. I must say this also one of the biggest buying opportunity for all of us. We must keep buying at every blood bath so that we can technically beat those whales.

By considering few technical analysis, I am confident about bottom has already arrived for the time being hence we no need to worry more but we must take action for making use of these wonderful buying opportunity to ensure some big profits in coming months.
50  Economy / Trading Discussion / Re: How to know if someone places a big order on: December 03, 2018, 04:26:05 PM
https://twitter.com/whalecalls this twitter address basically lets you know of all the big moves that happens in crypto world.
I do not think it has all the coins you can look for but it has some of the big ones. Bitcoin is the most common one but I have seen ethereum and XRP there as well and I think LTC too.

It was basically there that I saw the 30 thousand bitcoin sold during the hash war crisis times and the bitcoin price went down and it was this twitter that I saw big whales collecting like 5 thousand bitcoins a day for a while so they could take advantage of the price drop we have right now. You can check it anytime you want constantly because it shows whenever something happens instantly, I think they have some api type of deal with big places that shows it on twitter directly.
51  Alternate cryptocurrencies / Altcoin Discussion / Re: Should ICOs be regulated on: December 03, 2018, 02:58:50 PM
Regulations may give better results in short-term but we can be sure about what will happen in long term as this may kill core concept of entire crypto-currency world; decentralization. The high level of scam you have mentioned could be avoided if you do your own research and analysis. Hence, asking for regulation is not good in my opinion.
You got everything right. But, most people here are not ready to spend their valuable time for their research and analysis but relying on other people for choosing bounty programs or else coming here for regulations and other things like getting paid from bounties in BTC or ETH. Both in short term and long term, regulations will kill this healthy environment. It means the real people who are all having very good concept but not having enough funds definitely will get affected due to regulations.

I would very much like startups in this market to start to be regulated as there would be much less fraudulent projects
You can easily avoid those fraudulent projects if you are aware of few methods on how to filter out them. That is not a big science but no one here is ready to learn those methods but asking for something impossible nor something completely against our crypto world. Really shocking Shocked.
52  Alternate cryptocurrencies / Altcoin Discussion / Re: In an altcoin project, how many coins is too much? on: December 02, 2018, 06:20:05 PM
I have seen coins with about 500 million supply. I don't mean anything until 500 million is alright but if it is 500 or more it might be too much. I think the max should be around 210 million coins which is fine if you ask me and it also depends on how well the coin was made.

For example, it is alright for dogecoin to be whatever it is, I don't know the max for dogecoin but I am sure it is 100 gazillion or something since you can get thousands of it for couple cents. That is fine for dogecoin because there wasn't really any "finance" logic behind it when it was first created, it was created to be a joke.

Reddcoin was about the same, when it first came out it was about reddit to begin with and was for upvotes and downvotes and of course the more the merrier. There are few like that but they are exceptions not rules.
53  Economy / Speculation / Re: Why does the Bitcoin price keeps nose diving? on: December 02, 2018, 05:47:39 PM
Thank god at least it stopped going any further down. It was looking really ugly for a while there and when it dropped initially to $5.6k I was glad it stopped but than it dropped even further to $4.8k and I was getting scared and than it dropped to under 4 thousand and I was feeling like we were going downwards to 1 thousand dollars per bitcoin prices.

I am really relieved right now that it looks like it stopped, I hope it doesn't happen again, at least not until we get up a bit more. This is really looking like something huge and we were really not doing well for a while there. It doesn't seem to be nose diving anymore but we are still not clear out of the water yet, we need to make sure we get a bull run (even a small one) before we get another drop in the price.
54  Economy / Speculation / Re: Decline until the end of the year? on: December 02, 2018, 03:54:50 PM
Friends, the market capitalization suffers from huge losses, do you think the "Great Depression" of cryptocurrency will last for a long time? Will you do something until the end of the year, or you wait for growth the next year staying with your portfolios on hold?
Unless something changes the price will not drop any further but I doubt it will go any higher neither.
It will probably stay between $3800-$4300 prices and not move any further down or up between those prices.

We just need to hope for the best and dream a day where a rich whale says its enough and buys a bunch of bitcoin all at once. A single person (or even a group) buying 50 thousand bitcoins all at once would mean a lot of money for the market and the price will go up soaring sky-high.

So, we can't really expect anything to happen until the year is over but we can at least hope for a savior to come in and change the markets, without a drastic thing like that happening there is no chance the price will move. However 2019 looks a lot more bright even on the first month so that is something.
55  Economy / Economics / Re: why bitcoin price fall down? on: December 02, 2018, 02:59:48 PM
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls
I doubt most of bitcoin users are 15-29 year olds, not a single chance. First of all, I am out of that bracket by a hair but everyone I know are out of that age bracket as well.

In reality most people who are interested in bitcoin could be 15-29 year olds but the real investors with money are not those people. First of all how much money can a 15 year old have to invest into bitcoin to begin with ? None. That is why most of the bitcoin users must be more like 25-40 year olds, probably even closer to 30-40 year olds.

People who are not old enough to retire and still think of ways to have easier retirement and also people who are not too young so they have some money saved up to actually invest into something like this. Careers take time to bring you some place where you can actually make more money than you can spend and help you save some aside, without a proper career ladder steps taken you won't have too much money.
56  Economy / Economics / Re: US Government Working To Target More Iranian Bitcoin Users on: December 02, 2018, 02:26:40 PM
I seriously do not understand what USA is trying to do with Iran at this point. I mean I understand they are feeling like they are the "police of the world" and all that and I am really glad to see that they are trying to do this without violence this time because it would have been horrible for all of world if there was another war going on between USA and middle east but honestly they do not have to do any of this, they can seriously just say "I don't care" and move on.

This whole economical warfare is not going to help anyone at all, there is no "winning" in a war like this, you are just going to let some Iranian people have worse life because two governments are not working together like one of them wants? You are literally destroying a countries economy and affecting millions of people just because you do not like the president of a country? That's really really wrong.
57  Economy / Economics / Re: Crypto adoption on: December 01, 2018, 02:27:40 PM
We do really go fast lately on adoption. I have seen Ohio state news first which is great that a state in USA (one of the biggest finance countries in the world with UK and China) started to accept bitcoin like an official payment method.

After that I just saw that NASDAQ and NYSE aims to start bitcoin ETF on their platform so people could buy and sell depending on the price of bitcoin, which will bring in a lot of money and volume into our market.

I know we were hoping for adoption like "I can now go and get a loaf of bread with bitcoin" type but I guess bitcoin is much bigger in commodity market now compared to currency market and that is why we are seeing rapid adoption in bitcoin at higher levels first before we can see it in lower places. That is still a great news considering it will make it a lot more legit this way.
58  Economy / Trading Discussion / Re: Bottom is in !! on: December 01, 2018, 12:25:42 PM
It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom...
I want to show you my top 3 scenarios, which I believe are most probable.
[im g]https://pbs.twimg.com/media/DtE5bQ-WwAArGgx.jpg:large[/img]

Atm I still believe we are on scenario A. ... yes price went lower, but unless we break 3600, and drop down to 200 weekly moving avg, which is atm at around 3150, i still believe we are in A...
We will never know what the bottom is until it happens. This could very well be the bottom however it doesn't mean it must be.

Some rich person like Craig can wake up one day and say I will sell another 30 thousand dollars to disturb the market and we will see another bottom even further down than this one. Hence, we will never have a clue on what the bottom will be or will not be. We have seen a lot of drop recently that nobody really expected, just a month ago people were saying that 6 thousand dollars was the bottom, now that we have moved further down people are calling this a bottom, what if we drop to 2 thousand dollars next week? I can tell you what will happen, people will call 2 thousand dollars the bottom. Do not look for the bottom, get as much as you can afford on all prices.
59  Economy / Trading Discussion / Re: Looking for the fastest way/tool to transfer fiat currency between exchanges on: December 01, 2018, 11:52:34 AM
According to my experience, there is nothing faster than SEPA. I also use wire transfer option on cex (https://cex.io/) because it doesn’t charge any fees. 3 days to transfer fiat to exchange is rather quickly. Usually, the intervention of the third parties slows down the transaction process. On cex it takes from 3 to 5 days to transact fiat.   
Yes. I guess this is where the stablecoin lacks.
I mean normally between two exchanges the fastest way to exchange money is using either crypto currency (which you do not want) or using stablecoins like USDT in order to make the transaction faster. If the two exchanges you would like to exchange the currency doesn't give you the option to deposit or withdraw USDT or anything similar to that (USDC for example) than it is lacking both on USDT part and for exchange as well.

USDT should be capable of helping you with stuff like that because that's the whole point of that token whereas the exchange should allow you to do that in order to get more trading from that type of currency and more trading would equal to more profits (they would probably profit from the withdrawal as well).
60  Economy / Speculation / Re: Don't Be Fooled By The Price Dump! Here's the Real Deal on: December 01, 2018, 11:15:40 AM
After price dump comes a price pump is as wrong as it could ever be. There are literally thousands of coins that has gone down ever since they were created and never recovered.

Bitcoin could definitely be the exception to that but it is financially proved that price can go down and never go up in many stuff. There are literally tens of fiat currencies that have went worthless over the years and never recovered no matter what. So, never assume anything will be pumped right after it was dumped. Could bitcoin be pumped after this dump ?

Yeah, sure it could be but that doesn't negate the fact that price has been going down for about a year now without ever going up. Any person who got into bitcoin because the price went down will be still losing money from these dumps. Just react to whatever you want but never assume anything will go the way you want it.
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