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4281  Economy / Trading Discussion / Re: Does trading fees really matter ? on: October 13, 2019, 07:08:39 AM
Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

Trading fees would matter especially if you do it on a consistent/daily basis. The values may be relatively small but it accrues exponentially once you do trading as your main line of income. That is why most traders need to look for an exchange that has low fees. Remember that anything that deducts your income matters in the long-run.

That is really a big factor to see when you are in trading. We're not in trading to makes gains just to pay for the fees but for us to save more.
Traders will never take used trading exchanges that have high fees but they are more considerate with those who can give them free or of a small amount.
Many reputable exchanges save those cause they remain at low which it helps to keep their traders stick to them.

I agree. There are others that seldom trade and just HOLD their resources. In the contrary, day-traders suffer the burden of paying these fees due to their nature of trading daily.
4282  Economy / Gambling discussion / Re: Do you think Voodoo works in Gambling Games? on: October 13, 2019, 04:37:40 AM
I have always heard of people who win games with voodoo(charms/certain spiritual power).I know Voodoo is everywhere. They are said to use it to get accuracy in their predictions, permutation, casinos, throwing of dice etc while this will help to reduce to the bearest minimum their risks of loosing.
So, Do you also think this is true?

All of these are without factual basis and purely superstitious beliefs made by people to rationalize their situation. But if you think that it helps you in gaining your confidence in gambling, then why should others stop you from doing so?

Every person has their way of blessing themselves with luck including this one. Voodoo and other witchcraft are can be very difficult to comprehend and explain but based from my experience, so far, it does not do anything.

Lol this sounds funny, but on a serious note, if voodoo is really real then this is possible for those that can do it ::)but since I don't believe in it as I have only seen this on TV I will say this is not possible.



Some people made-up stories to rationalize their situation and to just give them the confidence boost they needed. If they feel like witchcrafts or spells may help them with their luck then we just let them be. If it helps them, then why would I intervene?
4283  Economy / Gambling discussion / Re: How Often Do you Bet on Politics? on: October 12, 2019, 12:13:31 PM
I am not aware that it is possible to bet on politics. Normally, what I bet are on e-sports, casinos, and sports but I never encountered anyone about betting about politics but it seems predictable and relatively easier especially if you are aware of the current events.

I would love to have the opportunity to at least try to bet on our politics (in the Philippines) and would like to know if there are anyone interested in such.

I am not interested in politics at all...so I also don't bet in that shady political stuff.
Never even opened a bookie to check odds for some elections.

Politics are all about connection and news. If you are aware of the current events (or if you have any connections inside!), then this may give you an edge against your opponents. Unlike gambling in casinos, politics heavily rely on data about the people but this is also subject to manipulation caused by the very politicians themselves, which makes it uniquely interesting!
4284  Bitcoin / Bitcoin Discussion / Re: Alt coins better or stable during bitcoin lot of movement on: October 12, 2019, 08:42:16 AM
There was a time that the price of bitcoin was directly proportional to the price of altcoins and vice versa. But these depend on factors especially considering that most countries prohibit BITCOIN specifically. It is highly advisable to always check the market price, trend, and data before purchasing so you could foresight which coin to invest in.

Regardless whether or not the price is increased/decreased, purchasing bitcoin for HODL can be a good investment. You may also do day trading on bitcoins or altcoins depending on the results.

It does not mean that altcoins are not good for long term holdings. It all depends on what kind of altcoins you are holding right now. Last 2017 I happened to purchase a lot of altcoins (I will not mentioned the name of the coin) and last here it goes up in value and guess what I earned 40k$ of profit from selling my holdings with a start up capital of 40$. So what I mean is that not all altcoins are bad for holding, we have also altcoins in top 10 at coinmarketcap and those are good to hold such as ethereum, ripple, dash and many others.

There are notable altcoins like XRP, ETH, and Litecoin that show positive trends in its prices. I would suggest ETH for long-term though and others for short-term.
4285  Bitcoin / Bitcoin Discussion / Re: A Fully Decentralized World is Possible? on: October 12, 2019, 07:12:03 AM
Can we truly have a fully decentralized system? For example, we control our own money, properties, internet etc. If we can, how can we achieve this and what obstacles can we face? I want to control my money and I don't want my government to control what I see on the internet. There are ways of overcoming some of these but the whole internet is coming from the ISPs. We may have a satellite(Elon Musk) for internet which makes the decentralization easier for us.

I personally feel that going towards this direction of being fully decentralized, we may feel the opposite of what we are expecting. The purpose of the government is for the general welfare of the people and for the benefit of the country so we cannot disregard their duty.

A decentralized currency may be considered as one example that can be beneficial but other aspects like properties, healthcare, etc. are best left to the government for their regulation and control. Imagine living a world with freedom on actions- which may potentially be chaotic in the long run.
4286  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥 [ANN] PLANCHAIN 🔥 Intellectual Property (IP) Asset Management Platform 🔥 on: October 12, 2019, 03:33:58 AM
Hi,

Are there any updates on when you would be posting the all the links for its social media? Also, please provide a website with all the necessary information about the project. Posting insufficient details about the project without any solid or concrete plan would not make this attractive or anything.

Thanks!
4287  Local / Pamilihan / Re: Bakit kailangang magingat sa application na pinapainstall sa mobile? on: October 12, 2019, 03:24:26 AM
Just to give one concrete example, alam niyo ba yung FaceApp? Yung application na nakakapag pakita ng old-age na picture mo?

Ang nangyari pala, yung FaceApp ay kumukuha ng pictures na nakalagay sa phone niyo (walang permission) at inuupload nila ito sa database at system nila. Although ang sabi ng Apple na yan pa lang daw ang nakukuha nilang impormasyon, baka meron pa din ibang naeextract na information ang app na ito sa mga cellphones natin or any technological device na nakainstall ito.

Mahirap talaga sa ngayon mag-hanap ng mga application na nag gagaurantee ng 100% privacy and security kaya dapat pa rin mag doble-ingat sa lahat ng mga dinodownload.
4288  Economy / Economics / Re: Which currency will dominate the crypto market? Please vote! on: October 12, 2019, 02:21:05 AM
There is a fine distinction between USD and cryptocurrencies as their nature is the anti-thesis of each other.

USD is regulated by the government and CENTRALIZED in nature. It is the main currency and medium of exchange of people residing in the USA with the Central Bank governing and controlling its supply in the market.
On the other hand, cryptocurrencies are DECENTRALIZED in nature having a limited cap and supply depending on the person who created such currency. Currently, cryptocurrencies are seen as an alternative option for payment but it cannot be regarded and viewed on the same field as currencies.

Excluding tokens and currencies, the cryptocurrency that will dominate the market will be BITCOIN due to its price and control in the market. Although there are altcoins that are on the green, the price difference of bitcoin compared to others is overwhelmingly significant.
4289  Economy / Gambling discussion / Re: Crowded Casinos - Play or not? on: October 12, 2019, 01:00:23 AM
For me crowded casinos is not good to play because you cannot focus on the game you want to play.  wherein due to some ppl that keep watching on your back , and sometimes can distract during the game. So much better to play on quit place in my opinion.  wherein you can focus and no other things that cause distraction. And so that you can avoid losses on it as well.  Because  it's very annoying actually if the place is very crowded and there are some ppl whispering on your back.  Lol.

It depends on the situation if you are a person who loves/likes to socialize with people while you are gambling. In some cases, gambling in a crowded casino may boost your morale or confidence especially if there are people who are cheering on you (although this happens when you bet large amounts of money). Not to mention, betting in a crowded place increases the risk of danger/violence due to a number of people present.

Betting in a casino that has a few people may be beneficial but this highly depends on what kind of individual are you with regard to your attitude.

4290  Bitcoin / Bitcoin Discussion / Re: Should Fiat currencies still exist or be replaced by Crypto Currencies? on: October 11, 2019, 04:15:33 PM
Time and time again this question was asked several times already and some still think that cryptocurrency can totally replace fiat in terms of being the main medium.
Unfortunately, it cannot considering the circumstances that each is facing especially the factors that are needed to be taken into account.

Fiat will always remain as the main medium of exchange among countries. The value of currency primarily depends on the number of gold reserve the country respectively has and its economic power. Fiat has been accepted by all as the main medium of exchange and the government has been trying to regulate its supply/demand depending on the need of the country.

On the other hand, cryptocurrencies have no innate value as they solely exist in the internet. In addition, a limited supply of 21 million in circulation would bring chaos and manipulation to the person/organization who has the majority of coins. Lastly, the government of each country must adhere and view it as the MAIN medium before it can be implemented and applied.
4291  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you sell your entire crypto right now with 500 percent profit? on: October 11, 2019, 03:28:29 PM
I am really curious about this question. To be clear, if there would be an opportunity to sell your tokens and make x5 right here and right now in exchange for promise to never invest in crypto again. How many people are ready to sell their tokens/coins at the moment and never come back?

If that were the case, it would actually depend on my current financial situation but I will either cash out 70% of my total resources and keep the remaining 30% for investment purposes.

A 500% profit would be a dream to most investors especially to those who HOLD ever since they purchased it at a low price. Some investors even withdrew most of their resources at a 5-10% profit realization and 500% would mean everything to them. But it is essential that you keep at least a portion of your coins JUST IN CASE the price increases further.
4292  Economy / Gambling discussion / Re: Gambling risk is higher when we are on Bear Market? on: October 10, 2019, 02:52:54 PM
<snip....>

In this given scenario, John has two (2) options: either to invest the remaining funds and HODL; or gamble everything with the risks involved.

The decision would highly depend on the immediate need or emergency situation of John if he needs the money right now. Remember that in investing, the results may vary depending on your luck and the situation on the market. Unfortunately, he bought the bitcoins priced when its price skyrocketed ($18,000) but since it has dropped significantly, he can either invest it again OR gamble everything.
4293  Economy / Economics / Re: Can Blockchain Replace Banks? on: October 09, 2019, 09:15:58 PM
The creation of blockchain came with possibilities and predictions of a future where intermediaries could be eliminated entirely. It is capable of executing millions of transactions within seconds at a lower transaction cost and requires no centralized authorization.

With the blockchain trend going on as strong as the moment, is it possible that blockchain will replace banks any time soon in the future?

More here: https://www.hb-wallet.com/post/2018/12/20/can-blockchain-replace-banks

The creation of the blockchain technology has the the potential to replace banks in a way that it eliminates the need for a third-party in handling all of our transactions.
Think of it in this way: all of our transactions will be reflected in a public ledger which cannot be changed or altered by any person making it absolute. This prevents people from committing fraud and dishonesty in every transaction as it is protected. Although it this aspect answers one part of the bank, it cannot answer the portion where it helps the economy and the people by providing interests to investments.

Fiat will always be preset in the market no matter what the situation may be. To shift from a digitlized form of medium would require tremendous effort from all countries which needs to adapt to the change.
4294  Bitcoin / Bitcoin Discussion / Re: wait, who owns the market? on: October 08, 2019, 06:18:20 PM
Bitcoin was created by Satoshi Nakamoto and he set a maximum limit of only 21 million coins in the internet. Currently, there are 17.3 million bitcoins in circulation in the market. Due to its limited number of supply, the price of bitcoin can be considered as inflationary as the price increases when the demand increases.

Unfortunately, there are no other means of increasing the maximum set limit as only its creator- Satoshi Nakamoto, has control of everything.

The control of the market stems from the person/organization who owns majority of its supply in the market. They have control and can potentially manipulate the market by playing the law of demand and supply.
4295  Local / Others (Pilipinas) / Re: [Off-Topics] Pilipinas on: October 08, 2019, 09:54:03 AM
Ang hirap naman kung kumpulan dito yung mga topics eh, ang hirap naman basahin din kasi kung sino sino bigla din mag post. I hope naman sana makapag request.
Tapos na ang Season1, masusundan pa kaya? Atska Good News sa ilang anime lover dyan, Upcoming na S2 ng Mahouka Koukou no Rettousei...
So tell me, ano pang mga inaabangan nyo?
OnePunchMan, ShokugekiNoSouma at 7DeadlySins akin isama nyo na din siguro Dr. Stone at Sword Art Alicization S2

Oy ayos ito a! Seryoso, siguro naka ilang ulit na ako panuorin yun S1 ng Mahouka Koukou no Rettousei at yung movie na nirelease nila last year ata? Isa pa siguro na inaabangan ko is kung magkakaroon yung Oregairu ng S3. Ibang klase kasi yun story-telling at yung mag-depict sa kada character kaya sana mag-release na sila.

Lastly, isa sa mga pinaka inaabangan ko is yung S2 ng Re:Zero. Naririnig ko super dami na daw plot-twist sa visual arts at LN pero wala kasi ako access kaya hindi ko mabasa.
4296  Economy / Gambling discussion / Re: Dice - A small mistake emptied my wallet. on: October 08, 2019, 07:00:03 AM
I pity for your loss as it was an honest mistake on your part. From this experience, I hope that before you bet that amount of bitcoins, you should double-check everything as it will be very costly on your part if this situation happens again.

Another thing, I hope this experience does not affect your mindset since most people try to recover their loss by gambling again and then the endless cycle continues. Move on and grind again to earn that much bitcoins.

I hope you will be more careful next time.  Wink
After the erroneously experienced this is the line that you should always remember and you must learn of what of you have done.
Gamblers are human that possibly made a mistake unless you are an AI robot that only had zero percentage of doing mistakes.

Just like when I was playing poker before, instead, my decision is to fold my cards but my lazy fat finger chooses the check button and it ends up losing to me.

Situations like these, we tend to take it for granted until all hope is lost and we suffered the consequences. That is also why double-checking everything is the key towards preventing mistakes that would be very costly in the long-run.
4297  Economy / Economics / Re: Why Bitcoin is not that good as currency? on: October 07, 2019, 07:47:14 PM
The problem comes with the limited supply that bitcoin has.

The majority who owns most of the supply of bitcoin has the power to manipulate and control the prices in the market. In addition, having a currency which the government cannot control through the Central Bank may be potentially problematic in the future. Not to mention, relying on a digital currency where most people lack the access to such is destructive and prejudicial to them.
4298  Bitcoin / Bitcoin Discussion / Re: Future of digital money depends on smart phone technology and people's knowledge on: October 07, 2019, 10:25:16 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.

And what do you think about my opinion?  Wink

I would like to add on your list some factors to consider before the world shifts the fiat system to digital currencies in the future:

  • Acceptability - the world cannot just shift to a digital currency if the governments of some country do not accept it as the new medium of exchange;
  • Adaptability - due to economic discrepancies among developed, developing, and underdeveloped countries, this would significantly prejudice countries who have different priorities regarding their current economic and financial state;
  • Technology of the medium - if the world were to shift to a digital currency, it must agreed upon what kind of currency would they reproduce. Since everything that exists in the internet is subject to scams and hacks, the technology behind the currency must be absolute and unalterable for the convenience of everyone.


Contrary to what everyone is saying about bitcoin replacing the traditional fiat system, this will not happen anytime soon as the supply of bitcoin is only limited to 21 million. Meaning, people who own the majority of the coins can control and manipulate the price on the market.
4299  Economy / Services / Re: bustadice signature campaign(Full) on: October 07, 2019, 09:27:36 AM
Bitcointalk name : qwertyup23
Rank : Sr. Member
Current post count : 1591
bustadice Name : qwertyup23
Wear appropriate signature : will update if I get accepted!

I am willing to take member spot sir yahoo!
4300  Economy / Gambling discussion / Re: Why Choose Lottery Instead Of Anything Else? on: October 06, 2019, 05:34:07 AM
Lottery is a unique game if you ask me. The rules are simple, just beat the odds and win the price. You can play it several times but the cost will pile up and there is no guaranteed that you will win next time. But what encourages people to continue playing lottery is the great reward they will get. Imagining that your one-digit bet can make a million worth of money is what makes people love lottery.

The way you explain it, it's like saying "it's for stupid people who can't think!", I can't say I totally disagree with that though! Roll Eyes
I understand the point people who play often make though: "I know it's extremely unlikely that I'll win, but I spend only a few cents sometimes".

Stories like these are what encourage people more to do the lottery. Although the chances of winning are like one in a million, the reward is definitely attractive to make someone bet continuously and consistently. The lottery is not the problem but the addiction that comes with it. There are others who sacrifice their resources to gamble, prejudicing their priorities in their family or at work.

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