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4201  Economy / Exchanges / Re: Sad news - Coinbase is leaking your information on: November 08, 2019, 02:26:17 PM
Coinbase is sharing information about your account with third parties, which may include information such as: how often you open the app, which devices you open it from, and what the IP address of those devices is. Absolutely unacceptable behavior.

Source: NY times https://www.nytimes.com/2019/11/04/business/secret-consumer-score-access.html

Oh this is actually surprising! I mean, one of the things on why I heavily recommend coinbase is due to their security and reliability. Back when its website was hacked and thousands of coins were scammed, some got reimbursed by the site which is something that is unique to their system.

Upon knowing that they leak my information online, I am convinced that I should replace and switch to my local wallet instead as this may cost and endanger my identity/personal life in the future.
4202  Economy / Speculation / Re: Where will this fluctuation end ? on: November 06, 2019, 11:54:36 PM
Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ? This slow drift of bitcoin's value is really confusion.

The price fluctuation will continue as long as Bitcoin remains decentralized and free from any government or third-party control.

Its price is determined by the law of demand and supply due to the number of people who are willing to pay for such price. In addition, the price is also dependent on external factors (e.g. political agendas, country prohibitions, etc.). Due to this scenario, expect its price to heavily fluctuate from time-to-time and use this as an advantage either for short or long-term investment.

4203  Economy / Marketplace / Re: Why do whales move Bitcoin around from wallet to wallet? on: November 06, 2019, 03:26:30 PM
Are they splitting the coin up into smaller wallets so they do not keep all their eggs in one basket?  Any other reasons why?

Well that could be one possible reason on why they allocate their resources into several accounts for security reasons or because they have multiple large transactions. I mean, if I were to own significant amounts of BTCs, I will never be too sure in which wallet I should store them (definitely a physical wallet!).

Another reason could also be a manipulation or control in the market as movements of large amounts of bitcoin tend to startle the market and cause effects on its price. At the end of the day, whales would do anything that would gain more BTCs at their end.
4204  Bitcoin / Bitcoin Discussion / Re: BTC, why do some people just get it, others really don't? on: November 06, 2019, 02:08:41 PM
Simple, manipulation and control by the media in stigmatizing digital cash in general.

In my country, digital cash has been viewed negatively due to the recent scams and hacks of people done in the internet. In addition, the scheme of networking evolved where it affected most digital cash in which people associate with cryptocurrencies.
If you do not show any proof that one is actually earning from it, they will stick to their belief without even listening or exercising the effort to validate their claims.

Not to mention, when the price of bitcoin skyrocketed to $20,000, many people impulsively invested and purchased it. Due to the dilemma where its price dropped, people viewed it as a "scam-investment".
4205  Economy / Gambling discussion / Re: Impact on gambling on: November 06, 2019, 01:05:44 PM
If others are selected, does it indicate that these things do not affect the winnings at stake?

We are not talking about any loss or dependence on gambling here.
We are just explaining the meaning of gains, or more accurately, the meaning of gambling wins and that this is not a random occurrence, but rather an occurrence of some of the factors mentioned above.



No matter what game you play in the casino, only LUCK revolves around everything. Although experience and knowledge may give you an upper-edge compared to players who are relatively new on the game, if luck decides to screw you over, then there is nothing that you can do.

The problem with gambling also stems from the greed of people especially when they are on a winning-streak. Regardless of the result though, most people would just gamble and try their luck once again to continue the streak. But if they experienced a loss, they will try to recover their losses and ONCE again gamble. This creates an endless illusion and cycle wherein a player gets stuck and gambles until their resources are gone.
4206  Economy / Economics / Re: Bitcoin: "Maybe Is a Partial Store of Value" on: November 06, 2019, 12:25:34 PM
<snip...>

The value of bitcoin is determined by the people who are willing to purchase it at a given price. Due to this scenario, the law of demand/supply dictates its price on the market given that it only has a limited supply of 21 million (which by the year 2140, all bitcoins will be mined out).

If you based the price depending on its history, you can see that its price continuously increases/decreases depending on external and internal factors. While some claim that Bitcoin is a whole bubble, others see it as an alternative method for investment. But one thing has not changed, the price still continues to rise.

I would say that holding bitcoin can be a good store-of-value especially if you consider the long-term aspect of its potential and applicability in the future. Not to mention, we are only experiencing and enjoying its face-value and we have yet to see the blockchain be implemented in our transactions.
4207  Economy / Speculation / Re: Bitcoin will reach $100k within 5 years from now on: November 06, 2019, 04:02:07 AM
<snip....>

What's your opinion?  Huh

Well it is indeed possible but giving a time-frame of only five (5) years? I doubt that reaching that kind of price will happen in that given time-frame. I would say that once the remaining bitcoins left are mined-out completely, then we can expect a significant boost on its price as well as the transaction fees increasing.

People have been speculating about the price of bitcoin reaching considerable large amounts but we must always consider factors that affect its price before reaching to this kind of conclusion.

My opinion for this condition, it's hard for that span of years to see Bitcoin reaching that price. That was too expensive for everybody, and yet 5 years is too short before the developed market established a good marketing approach. Long term for $100k might take 10 to 15 years before we see this projection comes to reality.
We do not really know what it is going to happen, while now we accept as fact that bitcoin came close to the price of 20k back then you would be hard pressed to find too many people that predicted the price of bitcoin could grow to those levels that fast, even the current prices are incredibly high to me, so 100k in 5 years is not outside the realm of possibilities but I admit that it will not be as easy as some may think but even if that happened in 10 or 15 years that is fine with me since I prefer to hold my coins anyway.

When its price reached $20,000, almost all people lost their pants and started impulsively purchasing bitcoins then its price dropped suddenly. I can only see reaching this kind of price when its total supply are mined-out completely.
4208  Alternate cryptocurrencies / Altcoin Discussion / Re: If You Died Tomorrow, What Would Happen To Your Crypto? on: November 05, 2019, 08:42:12 PM
This is actually an interesting question as it delves deep into the usage of cryptocurrencies as an inheritance asset. Although the problem with it is that, no company/organization has created such institution wherein it considers the inheritance aspect when the owner dies leaving his/her valuable BTCs (or any cryptocurrencies) remain at his/her private wallet.

I think the best solution would be to inform your relatives or loved-ones about your private wallet and try to teach them the basics of everything. Always be ready with a contingency plan!

Funny as it may sound, the truth is that if many die, their asset will be gone and not transferred, this is because the first rule about wallet is keeping it safe and not disclosing it to a third party. It might surprise you that the one person who knows it might not be careful using your private keys, so, many people will only give out their private keys when they know they are about to die.

Like what I recommended above, it is advisable that you tell your close relatives or immediate family about the existence of your private wallet and the funds inside it. Anything can happen at the spur of the moment and leaving your precious assets without anyone owning it would be a total waste.
4209  Other / Beginners & Help / Re: Will Bitcoin ever Become Physical coin ? on: November 03, 2019, 01:35:48 PM
I doubt it. The whole idea behind cryptocurrencies for being digital is for the sake of convenience and regulation on the internet through the blockchain technology. In addition, there should be a country representing the value of bitcoin as being a physical coin means dealing with transactions all over the world. If some countries do not recognize it as a legitimate currency, it would only create future problems especially on its transactions.

Actually there are already bitcoin coins circulating though there are minimal like casascius coin that have value same or more than BTC currently prize. But if having bitcoin coin like our fiat coins is not needed as it will not perform it's purpose of being decentralised, so it's better to have btc in our wallets than actual coins.

Well those coins are purely collectibles and do not hold any value at all (except for its price on the market) as it does not represent bitcoin completely.
4210  Economy / Trading Discussion / Re: Long Term VS Daily Trading on: November 03, 2019, 03:04:33 AM
<snip...>

Daily and long-term trading are both efficient methods of earning income overtime especially if you posses the experience, knowledge, skill, and data to foresee the upcoming future and market trends that may happen. But these two are distinct and carry with it their respective risks.

In day-trading, it is necessary that you have the sufficient capital to fund your trades every day. It is also advisable that you set your profit/loss limit or cap before trading so you could prevent unnecessary losses. In long-term trading, the risk is relatively low but it carries with it the longevity in realization of profits.
4211  Economy / Gambling discussion / Re: Donating the Gambling profits on: November 01, 2019, 01:49:34 PM
Unless I’m a gambling virtuoso who earns millions a month then no, I wouldn’t donate my whole earnings. I might donate a couple hundred dollars to the needy but let’s be real here, gambling profits would likely go into booze, leisure things or even back to the gambling house again, but never directed to charitable institutions and the likes. Sure there are gambling events that donate most of the earnings on charities but for the laymen, the common degenerate gamblers, this wouldn’t happen.
Only the rich gamblers are doing this kind of thing. Donating their profits to those in need.

For sure, most of the gamblers who are gambling online or offline are either the average people or poor (greedy) people and they don't have the power to donate their profits to those in need because they really need it. Most of the gambling profits are either spent for food, pleasure or putting it into gambling again.

Although I do not donate the proceeds I earn in gambling to charity, I always make it a point that I treat my family members or buy them something unexpectedly. Like what I have mentioned before, all the income that I earn from gambling, I consider them as something that should be quickly disposed as they might be a bad omen if I keep them long.

In all honesty, it is actually a good practice if people were to use their winnings in buying something that would benefit others than just gambling it again in the casino.
4212  Bitcoin / Bitcoin Discussion / Re: Bitcoin is difficult to accept in countries on: October 31, 2019, 10:24:54 PM
The rejection and acceptance of bitcoin depend upon several factors which cannot be easily implemented. With its anonymity and decentralized factor which strip the power of government of control and tracing over its transactions, you cannot expect that it could be easily accepted. But despite this huge hindrance, there are other countries that accept its utilization with regard to its implementation. Basically, they see that the merit outweighs the burdens.

4213  Economy / Economics / Re: What should I convert my money into? on: October 31, 2019, 05:50:46 AM
A good store-of-value(SOV) currency depends on its long-term reliability and security. Others may state that bitcoin can be a good SOV due to its limited supply and high price which makes it valuable in the future, while some may argue that it lacks security and collateral. What is essential is that you diversify your current fiat and allocate it to different investment platforms available (e.g. gold, stocks, cryptocurrencies, etc.).

Is there a need to convert your money into USD? If there is, then go ahead and convert some. Only a little portion will do, just to support your day to day needs. If there is none, then I would recommend that you choose Bitcoin instead. USD is no better than any other fiat in the sense that all of them are going to depreciate. Bitcoin is going to explode in value. So if you are looking for something where you can store your money and will make profit in the long term, it is going to be Bitcoin.

This is actually true. USD has been dominating the market ever since time immemorial and its value is increasingly overtime. Bitcoin can be considered but you should only allocate the value that you are willing to lose as it has a huge risk connected to.
4214  Bitcoin / Bitcoin Discussion / Re: China Has Something to Do with Bitcoin's Price Increase After All on: October 30, 2019, 11:32:00 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.

China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works

Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.

Of course China caused a significant impact on the increase of bitcoin's price in the market.

Be reminded that the price of cryptocurrencies depend on various factors (e.g. political agendas/prohibitions, financial situation of countries, acceptance among countries, etc.) especially considering that China has the highest population which makes them the perfect candidate for miners and users. Along with its prohibition or acceptance, it will determine the outcome of the price in the market.

Before its announcement, the price of bitcoin was sitting around $7,500 and after Xi Jinping announced the acceptance of bitcoin, not only its price increased but also the stocks overall.
4215  Other / Politics & Society / Re: Best way to combat the cartels: Legalization of Drugs on: October 30, 2019, 06:13:41 AM
Just to give an insight about the drugs in general, I would like to share some information about the War on Drugs in the Philippines and why it cannot be extinguished.

Before President Duterte became president, his main advocacy was to eliminate the proliferation of drug usage by combatting drug users in a span of 6 months. This has been the whole agenda of his campaign with his famous tagline: Change is coming!, and people believed that he will fulfill his promise. It has been 3 years since then but the drug-war continues to dominate on the streets with extrajudicial killings done to most people living in the poverty lane.

Lately, he admitted that the drug problem cannot be fulfilled in his term but in fact, actually worsen when he steps down. Now, what would be the right approach to this kind of situation? Legalize drug-use specifically Marijuana or go hand-in-hand with cartels in a bloodbath situation?

No one really knows what would be the right approach but the fact that the government has been continuing with their operations and nothing has happened this past years say something about the whole situation.
4216  Economy / Gambling discussion / Re: TIPS FOR NEWBIE GAMBLERS ! on: October 30, 2019, 05:32:14 AM
<snip..>

The guide is very well-written and complete in itself which will make an excellent guide for newbies who are trying to gamble! Nothing is better than sharing your own experience to something since you know what it feels to be in their position before.

On a side note, if newbies are trying to gamble with the view of making it as an avenue of earning income, then it would be best to avoid gambling. People who gamble for entertainment are more likely to win than people who gamble for making it as source of income. The problem lies with the latter being stuck on a vicious cycle wherein regardless of the result, he/she will still continue.

Again, most will mention about self-discipline and control but these are all true. Oh one more tip, do not ever bring your card and just bring some limited cash!
4217  Economy / Services / Re: [OPEN] blender.io Signature Campaign | Sr./Hero&Legendary Members | on: October 30, 2019, 04:50:52 AM
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1022860;sa=summary
Current amount of posts (including this one): 1673 (including this one)
Amount of merit EARNED in the last 120 days: 21
SegWit BTC Address for Payouts: 3BMD1MTeBBm1cJDfYYrMWKxt7YZHtHcwL3

Hope to join your campaign once again, sir Hhampuz!
4218  Local / Pamilihan / Re: NBA discussion, betting and etc. on: October 29, 2019, 01:29:46 PM
Just on a side note, nakita niyo ba yung ball movement ng GSW kanina against Pelicans? Ang dami ko kasing naririnig na nagsasabi na wala na ang GSW ngayon sa playoffs pero contender pa rin sila.
Even if nawala si Durant, dito makikita yung pag step-up ng mga individual players nila at madami din silang malalakas na rookies.

Pero ang team na black horse ngayon na team siguro Dallas. Ang lakas ng tandem ni Kristaps at ni Luka, sana umabot sila sa playoffs this season.
4219  Economy / Gambling discussion / Re: What are your most common superstitions? on: October 29, 2019, 10:41:44 AM
For me, it depends on the person if they believe about the superstitions in gambling. But the common superstitions that I believe is the beginner's luck that I usually try in any games. Also, I believe in that color of the t-shirt that you wear or lucky clothes. The other things are numbers/ lucky number, especially in the lottery, the position that you are sitting, especially in poker/card games. But at the end of the day, it's your beliefs just entertain your self and have fun. Smiley

Just to add, it hugely helps me in gambling whenever I wear my lucky shirt. I mean, I try my best not to gamble whenever I am not wearing it. Last thing, before I gamble I make it sure that before I leave the house, I will toss a coin and the result will become my fate in the next few hours.

I mean, people see superstitions as useless but if it helps the individual calm or support them in making decisions then I would not judge them. At the end of the day, gambling depends on one's luck and people are free to think on what they think will help them win.
4220  Economy / Trading Discussion / Re: Best Cryptocurrency Exchanges on: October 29, 2019, 05:46:30 AM
<snip..>

Just a few notes before picking your desired exchange:

Please do note that before you choose your exchange, look for one that has the lowest exchange fees. All exchanges have fees in every transaction and this may cause a fortune especially if the exchange is relatively new.

Another thing, security is very essential and collateral. Ever since what happened to coinbase a few years ago, I migrated to our LOCAL exchange and put almost all of my BTCs there in order to prevent such from happening again.
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