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4301  Economy / Trading Discussion / Re: Trading vs. Investing. on: May 05, 2020, 08:19:10 AM

So if you want to earn more money, you can do both things, the more, the merrier, if you are a beginner, then don't invest and trade significant amount of money because you may fail from it, you should do research first before doing that because it is not a simple thing, you should have an excellent knowledge and skill to be successful in both methods.

Everyone wants to earn cash and I can go out and say that every one wants to have a financially stable life, I can't disagree with that. But one thing I advice for people who wants to trade and invest, and it is to try other forms of investing such as mutual funds or stock market, they are safe investments although there is a taxation involved but it can still help in making a diversified sources of income, investing solely in cryptocurrency isn't bad but you can't dividends when you invest in them unlike stocks or mutual fund that gives dividends which is different from your main investment, it is your profit for owning a part of that company. I am saying this to not put on a hate in cryptocurrency, I am merely reminding people that there are options that is equally worth it.
4302  Economy / Trading Discussion / Re: Starting as a Trader and Trading Bitcoin on: May 05, 2020, 06:15:43 AM
I think starting your trading journey would be to learn all that you can about trading and the nook and crannies of it, learn from succesful people and follow their advice but not blindly, you are to learn but also use your common sense. Remember to not put your eggs in one basket, making diversity in your investments in your trading, this makes sure that you will not suffer a big loss when you start trading and lastly, all I can think of as a smart trader is be patient, no man could ever strike a gold at their first hit, it takes time and effort. On a side note, do not focus all your effort with just trading, do it together with other things, you can work your day time job and trade, it makes you have a stable source for sustenance and not pull out your investments when push comes to shove.
4303  Economy / Economics / Re: The drying oil on: May 05, 2020, 03:31:10 AM
The only oil price that has dropped was the American oil company and I think the reason for the negative prices is the fact that they are still producing oil and amping up the price resulting in a high supply but with the pandemic spreading the demand was so low that they can't recover the expenses for the oil production, one thing to note about is the fact that the negative price of oil does not mean that they are going to pay you for getting a barrel, they are paying for the storage. These sudden dump of oil price is expected because there is a pandemic which obviously will put some businesses and industry on halt, it was unfortunate that the oil industry is affected too.
4304  Economy / Economics / Re: Just a remark about Bitcoin, Gold and Water... on: May 04, 2020, 12:55:41 PM
Bitcoin is not really a necessity, in my opinion bitcoin does not compare to water. Imagine that if we were stripped to our most primitive, do you think bitcoin will have a place in our survival? What I am getting at is the fact that there are things that will be left out at desperate times. When it comes to similarities the most obvious is that both is limited though technically different because seawater can be processed to become potable hence putting it on a paradoxical position and makes bitcoin limited and water unlimited but that is all that I can think of. Water is needed to sustain a function in human while bitcoin is not, if I understand what you are saying about the cloud thing, in a sense it is not really cloud that the bitcoin came from, it was just a technical jargon that has no connection to bitcoin.
4305  Bitcoin / Bitcoin Discussion / Re: Will the cure of COVID or CBDC BOOST BITCOINs price this year 2020 on: May 04, 2020, 11:05:01 AM
There is no evidence that the prices of bitcoin in the market coincides with the pandemic and that means that a breakthrough about the corona virus vaccine will not ride the same boat as the fluctuation of price in the market. I can see the angle that you are trying to see, the pandemic affecting people, people can't go to their jobs, businesses can't function without people, with most businesses close economy suffers and then market is affected because economy flow is on halt, cryptocurrencies are part of the market, I get it but it is all just coincidence. But coincidence have been in history for a long time, one good example I could think of is the 1838 novel titled "The Narrative of Arthur Gordon Pym of Nantucket" by Edgar Allan Poe, there is part in the story where a fellow named Richard Parker was eaten by his fellow crewmates because they got shipwrecked and they are going to die of starvation. In 1884, a 17 year old named Richard Parker was killed after the yacht he was on was destroyed on their trip to Australia, he was also killed by the people he was on the yacht with. As you can see it was just a coincidence like what is happening right now but I do not entirely say that all the happenings in cryptocurrency is not affected by the pandemic maybe it is too infinitesimal to mention.
4306  Economy / Economics / Re: Get ready for more tax. Save your BTC! on: May 04, 2020, 09:12:24 AM
That is the most rational thing that any government should do, maybe raising the taxes is a good thing, we really need that recovery since the pandemic made a halt in economic function. Sure it can cripple people when there is a sudden tax raise but I think that it is up to the government on how they will approach it. I agree that reserving your bitcoin is a good thing because at the very least, you will have a safe haven to go to when things get tough.

Besides, people should not complain about tax because those taxes you hate are the stimulus packaged that helped you in the time of pandemic, that is just my opinion though, so feel free to disagree.
4307  Bitcoin / Bitcoin Discussion / Re: Crypto Now Legal In India? on: May 04, 2020, 06:49:01 AM
Good for them adopting the cryptocurrency, I can understand the worries their government have about the use of bitcoin for illegal purposes but it would be pathetic for me if I ignore innovation and change, nobody can stop that. This is a big step for cryptocurrency being acknowledge by governing authorities and getting an approval, but I believe that it should not just lie with the government, the people should also participate in this innovation because they are the driving force on why cryptocurrnecy was first created. Sadly for my country though there are no regulations and any grounds putting cryptocurrency legal or illegal which is kind of sad because people are stuck on a limbo whether they should completely trust cryptocurrency or not.
4308  Economy / Gambling discussion / Re: Online Gaming and Mobile Sport Betting May Be Legal After Covid-19 End??? on: May 04, 2020, 05:32:09 AM
The questions:
1. What's about in your country? Are online gambling and sports betting legal?
2. Is there any possibility that this prediction will really occur, more and more countries are legalizing online gaming/gambling and mobile sports betting?
3. How is it related to online gambling that uses cryptocurrency as one of the transactions manners? Will there more and more sites offer online gambling like this?
1. Online gambling and sports betting is legal, in fact it has been legal ever since the boom of e-sports, remember the time when Solo was playing for RoX and he got banned for throwing the game, they banned him instead of apprehending the gambling site which means that it is legal. Sports bet is legal too, in my opinion making the sports betting online is better because it reaches more people and it makes the sports less inclusive because anywhere you are, you can bet on it and I do not see any problem with that.
2.  The possibility is high because it will benefit the country, though I do not believe that it will be a worldwide legalization because there are Muslim countries that prohibit gambling altogether.
3. I think that more sites will be integrating that system in the future because business as far as it goes needs to expand and textbook innovation of expanding your business demographic is the most trusted and effective way to grow your business.
4309  Economy / Gambling discussion / Re: All your entertainment things must have an external limiting feature, agree? on: May 04, 2020, 04:19:20 AM
Why should we put limiting features? Wouldn't it defeat the purpose of entertainment, if you are in a stable mind condition in the first place then that means that you can stop whenever you want, this is a paradoxical solution for a simple problem in my opinion. If you put your self on the shoes of a gambling entrepreneur, would you want your customers to stop playing when the condition is that you will get less revenue for your business? If the answer to that is yes then that means no one is going to do it, besides that is how they earn a lot by playing a lot means they are getting more revenue and they are sane enough not to do it.

I am quoting this one because this takes the cake.
Casinos have nothing to do to control or limit our excitement.

We are the ones who need to adjust and not them.

Putting a limit is totally useless. It will just result in a much more aggressive approach when doing gambling.
4310  Economy / Gambling discussion / Re: Best platform to practice poker on: May 04, 2020, 02:28:57 AM
Have you tried youtube?
He has point when you want to practice poker, but things will not progress when you are just watching videos and learning the concept about it, you need first hand experience, there are apps in phones that you can play poker although you are playing with bots it is still a good practice because you are playing against an AI and that will hard because they are not thinking like a real human poker player, if you want to up the ante then you can assemble some of you friends who can play poker and play with them, there will be bets though but I don't all of friends want to play poker for money but when they do it is just a small stakes where 100$ is too much, remember that gather friends that play poker and can put up a fight in real games because it will really help. I think that being knowledgeable and experienced should go hand in hand when it comes to improving your skill.
4311  Bitcoin / Bitcoin Discussion / Re: You own a decent amount of Bitcoin, How would you increase it on: May 03, 2020, 12:23:31 PM
So how would you increase your bitcoins?


Good option:

Step 1.  Get a job.

Step 2. Get paid from employer.

Step 3. Buy bitcoins.

This is the most realistic approach in my opinion but I like to add the fact that while you are saving bitcoin, you can work and use your salary to create another cash flow, remember do not put all your eggs in one basket. On the flipside though, if I have a decent amount of bitcoin then I would put it in a investment and let it work for you, I don't know any better use when you do not want your bitcoin going stale in one place, then letting it be invested in a business or something will help you financially because that would mean that you will get more cash flow with less work.
4312  Bitcoin / Bitcoin Discussion / Re: Will bitcoin be the ideal currency of the future? on: May 03, 2020, 10:59:17 AM
  • It is decentralized, no one controls it.
How can currency be ideal if it is decentralized, bitcoin will never get the ideal currency because it is not a controlled by the government and it is its selling point. Imagine a scenario where it is not centralized then countries could just simply take an action by banning the usage of it in their domain, so no, decentralization is not good if bitcoin become an ideal currency.

  • You can send/receive the currency really quickly.
That thing is I disagree with that, if you want a fast transaction wouldn't it be the same as physical transacction, I think what is needed that an ideal currency is somethig that can't be duplicated for illegal use, tampered with, can leave audit trails if in case stolen and secure.

Should bitcoin use SHA512? Or something even stronger?
I think that there is no problem with that, what we need are more secure wallets or focusing more on the innovation of technology towards security.
4313  Bitcoin / Bitcoin Discussion / Re: MY BLOCKCHAIN WALLET WAS STOLEN 0.39070099 BTC !!! on: May 03, 2020, 09:34:22 AM
Does your country have a cybercrime division, they can help with that. If money is involved I think that is the best course of action. Though your situation looks hopeless, atleast follow up with the authorities, any help will do at that situation you are in, this cases reported can help in improving their operations for apprehending these people. I can empathize with what happened to you, I think that this kinds of problem is very prevalent because cryptocurrency is a technology that is still on its early phase so problems arise out of these that could hurt people. Heed my advice about reporting these to the authorities it surely helps.
4314  Bitcoin / Bitcoin Discussion / Re: Beware of fraud crypto analysts! on: May 03, 2020, 07:56:50 AM
If you want a legitimate crypto analysts, social media is not a go-to place because anyone can say what they want to say there to gather people and make them your followers, there are sites where you can hire crypto analyst though I don't know any. This is the reason that influencers are shone on in a bad light, there are people willing to lie just to gather these clout. My advice for you guys is that whenever someone on the Internet gives free analysis about something be it stock market prediction or bitcoin skyrockets next month, be wary because they indulge the fantasy of people getting a benefit, do your own research it is not that hard, read some article from your trusted sites.
4315  Bitcoin / Bitcoin Discussion / Re: Here is why Cryptocurrency future in India is in danger on: May 03, 2020, 06:19:43 AM
I do not think that that will stop people from using cryptocurrency in their daily lives, remember that the more you try to cage people the more they will struggle to find a way to get freedom. These statements about making cryptocurrency will only stoke the flames, plus wouldn't it be the fault of the government if they cannot control or keep up a pace with it. These kind of things are just politically motivated maneuver, and it depends on the people if they are to be swayed by these words or make the rational approach that cryptocurrency is the future. I believe that cryptocurrency is an unstoppable force. Maybe adjusting their laws to make sure that they can benefit from cryptocurrency is a the best approach I can think of.
4316  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency crime in Netherlands. on: May 03, 2020, 05:22:35 AM
This is a big news regarding cyber crimes, making people aware that there are scams like this helps in creating general awareness that prevents further victims of this kinds of scam, not only does it make people aware but also the authorities and the technologies that they use for apprehending offenders is catching up to the standards real fast when it comes to cyber crime. Spoofing can be a really dangerous because websites can be easily duplicated, investing in it is requires large amounts of funds and risk to make the spoofed website more convincing, we can't blame people for falling for it though because they might be long time clients in the website and they trust it so much that they do not see something strange. The thing that we can do as an individual is spreading information about this kind of cyber crimes to as many people as much as you can, nothing beats being knowledgeable.
4317  Bitcoin / Bitcoin Discussion / Re: What if BTC never reaches all time high? on: May 03, 2020, 04:26:38 AM
If bitcoin does not get to all time high then wouldn't it mean that it will have stable prices and we will never have to worry about large dumps at the price but we also do not get a large skyrocket that most investors and traders wanted, I hope that day will not come because if not many, some traders will get out of the trading scene. Plus I believe that the future of bitcoin is bright because it is still a young technology and a pioneer at the same time, we can always expect that it will reach all time high, a little faith would not hurt. Remember the time when they did not believe it would be worth $1 then it was worth more than that then they said it will never go up, they never rode the hype train and now they are regretting it.
4318  Bitcoin / Project Development / Re: Anonymous Cryptopayments API for Developers on: May 03, 2020, 03:24:23 AM
Does it work like cryptocurrnecy tumblers? If yes, wouldn't it be hard for you to establish your project because you can almost do the same with those tumblers, and what makes yours unique from the other.
How do you plan to get an income from this because it looks like it is only a bridge for anonymous payments, do you get commisions or are you putting ads, cause that helps a lot.
One last thing I can think of is how can the receiver get the payment when there are no sign up, this might be a problem in the long run because there can be mix-ups, I hope you can put a unique identifier for receiving payments like two way encryption where the sender and the receiver carries one key and the payment will never be valid when there is no activation from the both parties.
4319  Bitcoin / Project Development / Re: bitraiser | Darknet site for money raising on: May 03, 2020, 02:06:36 AM

1. You create a money pool describing the purpose you need money and what contributors will get in return.
2. Users make their contributions if they interested.
3. You do what you promised, share results and close your money pool.
4. Contributors vote and if their votes are good, you get the money.
The feel of this site is like a Kickstarter or Indiegogo, if I am wrong then ignore but your rules sounds like those crowdfunding websites and I do not trust those site, these smells fishy. Your three rules are contradicting the fourth rule and I think it is strange, for people to vote for it when they already pledged money on your project, wouldn't that make approval projects hard because it is hindered by vote. I also think that putting it in the darknet is pretty strange, wouldn't that limit the demographic you want to get in your site, unless it is a funding projects for something which is not conforming the social norms.
4320  Bitcoin / Project Development / Re: New Bitcoin-backed telemedicine website! on: May 03, 2020, 01:10:00 AM
We accept payments via bitcoin, and certainly we verify all our doctors. That board certification is very recent, as he’s actually co-partner on the site. I’m sorry you have concerns, but we’re serious about providing the best experience with fully qualified, legitimate doctors.

If your doctors are legit, you should update their info with links leading to the proof

I'm rather disgusted by the gatekeeping that came out near instantly. If you want Bitcoin to be successful, the worst thing you can do is make it a hostile community. I am more than keen to listen and address concerns; but many won't. You need to be constructive, or you're just making a shithole that no one wants to waste their time with.
Scams have been prevalent in this forum and I think it is a safety measure that people are trying scrutinize your website, I do not agree that all posted projects here should be scrutinize to tiniest bit but when it involves some form of payment and especially with your site also involving medical health, this matters are personal please do understand that there will be skeptics.
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