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4361  Other / Politics & Society / Re: AMERICA PRESIDENT WHO YOU PREFER? on: May 31, 2016, 09:30:20 AM
My problem with Trump is that he has gone bankrupt four times. That speaks to poor business skills. And Forbes believes that he isn't worth what he is pretending to be worth, and that's the real reason he is refusing to release his tax returns.

He's no Bill Gates when it comes to financial acumen. And not sure it is a good thing to have someone who tends to bankruptcy to be in charge of an economy as big as the USA's. He tanked his own companies, he'll tank the American economy.
4362  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: TOP alt exchanges on: May 31, 2016, 09:26:41 AM
Just look here: http://coinmarketcap.com/exchanges/volume/24-hour/

The higher the volume, usually the better.

This. If it is a high volume exchange that charges fees, it will be profitable and less likely to close down.
4363  Economy / Economics / Re: Does the next halving really matter that much? on: May 31, 2016, 06:58:29 AM
It matters from the point of view of those who trade bitcoins. Speculators like to coincide pumps with news, that way noob investors believe that the price move is down to the news, and buy. A pump in the absence of news just looks like a pump.

In the old days there would be a pump on every altcoin when it got listed on Mintpal or Cryptsy - that event was the "news" and the gullible usually bought as a result.

During the lead-up to the Litecoin halvening, there was also a pump, though the pump fizzled out a few weeks before the halvening (the price had risen so rapidly that many long-term holders couldn't resist selling).
4364  Other / Politics & Society / Re: EU exit could add two years to austerity, IFS says on: May 31, 2016, 06:48:06 AM
I am not much surprised. The Brexit referendum is just a few weeks away. We will see more of these scare-mongering tactics, as the date approaches. The establishment never thought that the referendum will be this close. The latest opinion poll from BMG Research has 45% favoring the Brexit, while 44% are opposing it. Too close to call.

From what I've gathered from talking to people, a lot of the "don't knows" will actually vote Leave. They just don't want to declare their vote outside of the polling station because they don't want to get into arguments about it.
4365  Economy / Speculation / Re: Bitcoin's a fad and it's on fire... higher than a fantasy, like a singularity... on: May 31, 2016, 06:44:27 AM
Keep in mind that when those were made, there certainly was a bubble: from $20 to $240, then crashed to $80.

But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.

Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.

remember the last pump 230--->500 then dump to 430, same thing will happen, but with a smaller size in the pump

so maybe not 800 as a new target but only 600-700, definitely not soemthing that will crash hard ad return to the first point when dumped...

The Chinese exchanges seem to have a higher value than the western exchanges - if there is genuine capital flight going on then it makes sense that people would buy on the Chinese exchanges and sell on the western exchanges for dollars. The sell pressure on the other side of getting your money out should ensure that it doesn't quite go to the moon.
4366  Bitcoin / Bitcoin Discussion / Re: Argentina Tops List of Countries with Greatest Bitcoin Adoption Potential on: May 31, 2016, 06:40:52 AM
They've removed capital controls from Argentina - so it is interesting that the bitcoin adoption hasn't abated. I guess the Argentinians don't quite trust that things will go back to normal and are clinging to their alternatives to protect themselves.
4367  Bitcoin / Bitcoin Discussion / Kaspersky Labs: Bitcoin Involved in only 3% of All Online Scams on: May 30, 2016, 04:23:33 PM
http://www.newsbtc.com/2016/05/30/kaspersky-labs-bitcoin-online-scams/

Quote
Contrary to what most people believe, Bitcoin is not a big part of these financial scams, though. Albeit 3% of survey respondents indicated they had lost Bitcoin funds in the process, the primary culprit were online scams or fraud, followed by data leakage. Additionally, losing funds through a financial organization ranks higher than Bitcoin losses as well.

The most worrying scams are fake emails allegedly coming from established financial institutions, such as banks. But there are also fake emails and messages from retail sites, and the number of phishing pages asking for financial information seems to be increasing as well.

Looking at the figures a bit more, it turns out the average loss was US$283 per person, which is quite high. But over one in five people lost over US$1,000, which goes to show how enticing and convincing some of these scams can be. Luckily, over half of the affected users managed to get their stolen funds back, albeit nearly one in four never saw a dime returned to them.
4368  Economy / Speculation / Australia to sell £8m of seized bitcoins on: May 30, 2016, 04:11:32 PM
http://www.bbc.co.uk/news/technology-36412487

Quote
A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June.

The 24,518 bitcoins will be sold mostly in blocks of 2,000 - each with a value of about £680,000.

Ernst & Young, the firm organising the auction, said the bitcoins had been "confiscated as proceeds of crime" but did not elaborate on the case.

One expert said the authorities had chosen a "safe" time to sell.

Australian newspapers have previously reported that 24,500 bitcoins were seized by police in the state of Victoria in 2013, after a man was arrested for dealing illegal drugs online.

It looks like they waited for the price to rise before setting up the auction...
4369  Other / Politics & Society / Re: Edward Snowden Demonstrates How To "Go Black" on: May 30, 2016, 03:43:03 PM
He keeps criticising random people who have done him no harm. For example he was pontificating on Britain a few months ago, but what has Britain done to him? He was also waxing lyrical about the Panama papers - but carefully refrained from mentioning that they showed Putin looting Russia on a colossal scale.

Are you sure that the Brits did him no harm? The MI6 was actively collaborating with the CIA to arrest him. They even sent teams to kidnap Snowden, although their attempts were not successful.

And regarding the Panama Papers, a few of the Russian officials were named in the list, but Putin's name was not there. Pro-Western oligarchs, most of whom are now based in London (Mikhail Khodorkovsky for example), and living under the British protection are the ones who looted Russia. Putin banished these demons from Russia and recovered a part of the money stolen by them. Still... there is no point in arguing with you. Your arguments are similar to someone complaining about the prevalence of pedophilia and at the same time giving refuge to James Alfred Cooper or Earl Bradley.

And what about the offshore company set up by David Cameron? Why you are keeping silent about that?

Cameron didn't set up an offshore company. His father had a company in Panama - because he was trading goods in Panama. Completely legal and above board. If his dad wanted to avoid tax he'd have moved to Panama as well (which would have given him an exemption), but didn't.

Russia is a mafia state - and Snowden by his silence is condoning it. His fan boys don't like it but his silence on the Russian mafiosi stuff undermines pretty much every thing he says. I wouldn't be surprised if they were paying him to spout stuff knowing it will all be lapped up by his uncritical "true believers" who badly want to believe that Obama is a great satan while simultaneously believing that when Putin loots Russia it is because he loves Russia and Russia is better off looted.  Grin

You guys are mirror images of those lefties who rushed to defend Chavez while he was looting Venezuela. Even the arguments are identical - Obama and the USA were the Great Satan and the Chavistas were looting Venezuela to save it, etc etc.
4370  Economy / Speculation / Re: Bitcoin Price Surges Towards $500 Mark on: May 30, 2016, 03:32:04 PM
It is down to capital flight from China - which is why BTC is higher on the Chinese exchanges than the western exchanges. Litecoin being used to move money too...
4371  Other / Politics & Society / Re: Edward Snowden Demonstrates How To "Go Black" on: May 30, 2016, 02:05:58 PM
I wonder how Snowden copes with being spied upon by the FSB/KGB. Because they are undoubtedly watching him closely. Notice how careful he is not to criticise Putin - he is scared witless.

He has no reason to criticize Putin. Putin has not done him any harm. On the other hand, if Putin didn't helped him, then Edward Snowden would have been dead already, just like the tens of thousands of other whistleblowers from the Western nations. And I agree that the FSB/KGB spy on suspects. But what about the FBI? As Snowden revealed, they spy upon almost every single resident in the United States.

He keeps criticising random people who have done him no harm. For example he was pontificating on Britain a few months ago, but what has Britain done to him? He was also waxing lyrical about the Panama papers - but carefully refrained from mentioning that they showed Putin looting Russia on a colossal scale.

The man is frit, and that undermines everything he says. If he was really into transparency and honesty, he'd be calling out Putin as well. But he doesn't - either he is happy for Russians to be looted in a way that Americans are not - or he's plain terrified of Putin. If he is terrified, how do we know that the things he is saying are his real thoughts and he is not being made to say them because Putin has him by the short and curlies?
4372  Bitcoin / Bitcoin Discussion / Re: KNC Miner Declares Bankruptcy – Chinese Competition Too Tough on: May 30, 2016, 01:49:00 PM
The CEO of KNC has given an interview in swedish:

http://digital.di.se/artikel/knc-miner-grundaren-kina-har-fordelar-som-vi-inte-kanner-till

And there is this choice comment in it:

Quote
"We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back. Either they don't know what they are doing, but that is not very likely at this scale or they have some secret advantage that we don't know about"
4373  Alternate cryptocurrencies / Altcoin Discussion / Re: Why bitcoin still the best than altcoin? on: May 30, 2016, 01:11:10 PM
The price of bitcoin at the moment is down to capital flight from China. They don't have many other coins on chinese exchanges, apart from bitcoin and litecoin. Litecoin's price is also rising...
4374  Other / Politics & Society / Re: Edward Snowden Demonstrates How To "Go Black" on: May 30, 2016, 01:08:44 PM
I wonder how Snowden copes with being spied upon by the FSB/KGB. Because they are undoubtedly watching him closely. Notice how careful he is not to criticise Putin - he is scared witless.
4375  Other / Politics & Society / Re: Germany Tells EU to Divert 10% of All Funds to “Migrants” on: May 29, 2016, 05:26:13 PM
The problem with this is that Merkel didn't consult the other member states when she issued her invite to the migrants. There was a treaty in place - the Dublin accord, and she just tore it up. And has created massive problems for front-line countries like Greece through which people are tramping to get to Germany.

Merkel's actions can be perfectly justified. The European Union depends on Germany for most of its funds, and therefore the Germans think that they must have complete control over its policies and actions.The other "donor" nations such as United Kingdom and Belgium are either too small, or are not fully integrated in to the Eurozone to dictate its actions.

The European Union doesn't depend on germany for most of it's funds. That is another myth. Germany supplies about 25%, and Britain, France and Italy (smaller countries by population) supply about 20% each. The balance is made up of the tiddler countries (Netherlands, Finland etc).

So Germany is demanding 100% say on 25% of the funds. That's out of line.
4376  Economy / Exchanges / Re: Lending on Poloniex on: May 29, 2016, 05:23:24 PM
Its not total Save to invest at Poloniex. My friend have been using them for quite some time. To tell u the truth, current rates are not enough to cover the risk of potential default of the exchange. So Its better not to invest there. If not worth earning so less on the expense of your huge investment. So be careful.

I did inform myself on lending with their system, but when comparing the risks (which are quite high when it involves ANY form of margin trading)  vs the profit I decided it's better to let my spare btc be spare btc in my offline wallet.

The daily interest for bitcoin is just 0.02% at the moment. If you do a small trading, the profit can be 1%.

Well, pure lending on Polo s not profitable anymore. The rate s low cause of lending bots which have populated that market and keep it big time low.

It is because the bots auto-renew, and don't seem to distinguish between times when lending money is scarce and when it was not. I was lending Clams and getting good rates of about 0.3%. And then suddenly the auto-renew loans would be released and the rate would be back down to 0.01%. The thing to do is watch things, and when the money gets scarce and rates climb, offer the high rates for at least 20 days to lock in the high rate.
4377  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin on: May 29, 2016, 12:02:38 PM

but in value terms, with the available supply of 104,534,121,583 DOGE (104 billion) the price should be much lower than this.



This is a really dumb idea, but it keeps circulating for some reason.

If you have a ton of gold, should the price be lower if it is divided into 1,000,000 single gram coins vs. 35,274 one ounce bars?


Anyway, doge has the 3rd highest daily transaction volume of all the coins, right after BTC and ETH.


It keeps circulating because it isn't competing with bitcoin. Bitcoin might be like a commodity (gold) and Ether might be a platform for smart contracts, but doge is a pure currency, meant to be used. The large supply means that people don't hoard it. Most tipping is done in doge rather than bitcoin, it is perfect for real currency uses like buying a cup of coffee. Low fees and fast confirmation times too.
4378  Other / Politics & Society / Re: Germany Tells EU to Divert 10% of All Funds to “Migrants” on: May 29, 2016, 06:51:48 AM
The problem with this is that Merkel didn't consult the other member states when she issued her invite to the migrants. There was a treaty in place - the Dublin accord, and she just tore it up. And has created massive problems for front-line countries like Greece through which people are tramping to get to Germany.

If you do stuff unilaterally, then you should pay for it unilaterally. You can write cheques that you want others to cash without their permission.
4379  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin on: May 29, 2016, 04:55:34 AM
Useless one.
It will die slowly, 14% loss in one week.
I think, doge will see under the 35 soon

In dollar terms it is exactly the same as it was - it is tracking bitcoin's rise against the USD. The Doge/btc value always drops when bitcoin rises against the dollar, and rises when bitcoin falls against the dollar.
4380  Economy / Exchanges / Re: How responsive is Bitstamp to large cash withdrawals? on: May 29, 2016, 04:52:38 AM
Bitstamp is quite rigorous with KYC requirements (meeting American standards rather than the lower European standards, even though they are based in Europe). This is because their primary pair is BTC/USD and they have to be careful with all dollar dealings.

The bigger the amount you are withdrawing, the more questions they ask. Big withdrawals typically need a senior person to sign the withdrawal off, and that takes time, because senior people are generally pretty busy with other stuff.

Is there some reason you need to withdraw such a large amount in one go rather than lots of smaller amounts over time?
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