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4501  Economy / Trading Discussion / Re: Chasing the bull run on: May 06, 2020, 09:00:00 AM
We need strong technical analysis. Chasing the bull run wis a tricjy strategy and we can't really say if it's really a bull or a bull trap.
I consider it to be a form of trading, sort of like a reverse shorting of the market.
And to trade using any strategy one needs good technical and fundamental analysis of the market in order to read it's movement and each also comes with its fair share of risks and would surely not work every time. Make sure to use the basics of trading:
•Practice, do not dabble into it.
•Invest what you can afford to lose.
•Manage your capital.



This topic has been extensively discussed, so I'll be locking it now to prevent hackneyed replies. I may bump it in the future if any new info pops up. Thanks for all the contributions.
4502  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: May 06, 2020, 08:28:18 AM
Why would they not celebrate? Games have been played behind closed doors before and they just play as normal. England played Croatia behind closed doors a couple of years ago: https://www.bbc.co.uk/sport/football/45786472
I believe @$Crypto$ meant that there would be no group celebration among teammates with them huddling around and holding each other. Contact will be limited as much as possible and any unnecessary one would have to be cut off, such as; hand shakes between players and coaches before kick-off and during substitutions et al. It's going to get some getting used to for the players, but after weeks of solitary training, they should get a hang of it.
4503  Other / Meta / Re: Why Same MERITED Rankers send Merits to themselves? on: May 06, 2020, 06:02:38 AM
Asides from the effect of airdropped merits, those high ranked members were once newbies and they rose to that rank by earning merits. Merits are not given to ranks, there are legendaries who have not earned a single merit. As long as you keep dropping useful and relevant content, you'll get some. If you have a target you are pursuing then you may need to find a niche board and learn everything about it; this could be politics, mining etc.

while others spend merit based on both post quality and ranks (percentage of post quality/ranks may be vary).
I am averse to this, it's like meriting a shit post of a HQ poster cause they usually post good content. If a post is merit-worthy by your subjective standards, it should be merited.
4504  Economy / Economics / Re: Is Bitcoin the future of the global economy or just another commodity like Gold? on: May 05, 2020, 09:58:27 AM
but will it really bypass the need?
That's the reason I put that part in italics.
The Bitcoin network is primarily designed to connect individuals and enable then transact directly. But with the growth of Bitcoin and the inclusion of other factors, we have seen a growing number of platforms intended to connect buyers to sellers, streamline the transaction and protect both parties, such as; centralized exchanges, escrows, payment processors etc. If you use any of these, it's no longer a trust less exchange as one needs to rely on the trustworthiness of the exchange, or the escrow provider. 3rd parties have jumped on this opportunity already.

If you want to bypass this, you can use direct OTC (Over The Counter) trades and decentralized exchanges.
4505  Economy / Economics / Re: Is Bitcoin the future of the global economy or just another commodity like Gold? on: May 05, 2020, 08:43:43 AM
So my question is, is it really the future of the economy? or just the "new gold"?  Undecided

It is a digital asset, built on a P2P platform, giving holders autonomy over their funds and bypasses the need for a 3rd party. What it has shaped to be at the moment and what it would be in the future depends on lots of factors. Bitcoin is not regulated; so there's no road map or set agenda planned for it. We have Bitcoin improvement proposals which are proposals aimed at improving the network to keep it running efficiently, but not a plan of what it would be in the future.
Whether it would be used as a store of value or a (global) staple currency is yet to be seen and we cannot predict it.

I would suggest you move this thread to the economics board. You can find the option at the bottom left hand of this page.
4506  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: May 05, 2020, 08:31:50 AM
You can't say that the number is low when those players are getting interacted with 4x people around them.
Maybe now they have 10 cases but in two weeks those cases might be 40 and so on.
I hope that Italy will be in a better situation as every player that comes from another country stays for 14 days in quarantine.
I didn't mean that number is low, I meant that if another league had a low number; like one isolated case, it would be unfair to continue the league if that team has to play without their top player, and there's also the risk of contractions. I hope italy would be proactive in handling any situation and put the health of the players ahead of any other factor.
So the success of the season resumption should be dependent on a situation where there is absolutely no case.
4507  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: May 05, 2020, 06:43:49 AM
Players of Juventus that are coming back (CR7 just landed minutes ago) must observe 14days of quarantine. Not a big deal Juvenuts is the only team in Italy with a private Hotel. (normaly open to fans but now closed for obvious reasons)
It looks more likely that plans to restart the league are being pushed through, let's hope everyone involved turns out fine and all players are negative when tested, I read that Germany discovered about ten players who tested positive to the virus. Even if the number is low, it would be unfair to teams to have to play without their top players in such a situation, cause I believe the league would do a lot to finish the season if they resume.
Players returning is just a small step, there's still a lot of processes to be done before there can be a kick-off for any game in Italy.
4508  Economy / Trading Discussion / Re: Rebalancing a portfolio on: May 04, 2020, 06:53:02 PM
I guess my question is for general trading/investing. Do you store all your assets on the exchanges in order to trade them?
An exchange wallet is not meant for storing your assets, it's like a wallet you dip into when you walk into a poker house; only keep the amount you're actively trading at that time. Due to withdrawal fees, it may not be profitable to always withdraw every time you're taking a short break from trading, but if you're going off for longer than a day or two, I'll advice you withdraw your holdings.

And if you just use a part of the assets, does it yield a lower profit?
As I said above you keep what you're trading with, if you buy 1BTC to trade with actively at a time then you deposit that on an exchange. If you hold 50BTC, it doesn't make much sense to deposit all that when you only plan on trading with just 1.
4509  Other / Meta / Re: Multiple delete in activities section just like that of message section on: May 03, 2020, 11:18:55 PM
I don't think it is necessary to implement an option to delete multiple posts at a go.
Except one wants to reduce their activity level, I don't see any other use for it. Posts are public, unlike messages and deleting your part of a discussion (without any reason) would leave a gap in it, it could also hint at an account having changed hands and the new user starts to clean up the old user's posts.

There are also some technical barriers to this; ability to delete posts vary in different sections: in some you have to wait for a certain amount of time to be able to, also threads cannot be deleted by the poster. The current system is working fine imo.
4510  Economy / Trading Discussion / Re: Chasing the bull run on: May 03, 2020, 10:08:45 AM
Instead of chasing, we must focus on catching the opportunities. I mean chasing may lead to buying at higher prices but catching at dips will save by not needing to pay excess money which might have occurred due to FOMO.
Different traders adopt different strategies, admittedly the safest investment option is buying at the bottom and selling at the top (or close to it). This however takes a lot of patience and some weak hands may end up selling at a loss should the market go red. Chasing the bull run requires less patience, but more technical analysis and a higher risk.

Therefore, we should always think fast and some mix of intuition if you do tend to buy on a rising market.Always target out for corresponding target then make yourself out if you are gaining.

It do always have the risk so it will all vary on how you deal with moving prices.

I agree it needs quick action to execute, i.e, being a fast follower of a trend. It has a higher risk and less reward than hodling for the long term, but it's a rinse and repeat strategy.
4511  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: May 03, 2020, 09:13:06 AM
<snip>
Pjanic would be a perfect fit for Barcelona's style of play. However I doubt Juventis would be willing to let him go, except they include a swap deal to replace that position. I also don't think Barcelona can afford such a deal when they have a packed midfield at the moment.
Rakitic or Vidal are expected to be part time players by next season, so would Pjanic be a first team player or a part time player?
4512  Other / Beginners & Help / Re: Don't be a victim of those claiming to have fixed bets on: May 03, 2020, 09:00:53 AM
These sort of scams are rife on telegram, offering one or the other shady deal promising guaranteed returns, while a lot of people would be able to recognize this scams at a glance, there are some who are vulnerable due to greed or lack of knowledge, reason why they still send random unsolicited messages.
I made a thread some time back on protecting your contact details. You reduce the risk of being exposed to scammers if they can now easily contact you on various platforms and link your identity thereby tailoring the scam to your interests.

Also manage your social accounts to limit the contact you can have with people you do not know. Telegram/discord both have security options for that.
4513  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: May 02, 2020, 06:25:17 PM
In that case, Liverpool would lose their Champions League title.
It would be a great injustice but nothing is yet certain or decided.
It would be unfair to Liverpool supporters should have waited so long for a premier league title to finally get so close to the finish line and see it blown away. But I don't think it would be an injustice, it's a very delicate matter involving the lives of millions of people indirectly, and that has to be put into consideration, and the league champion has not yet been mathematically decided.

I think some Liverpool fans would rather not be awarded the league and have the respect of all the other teams as the best team of the season, than to be handed a title which would be challenged by rival clubs for a long time.
A decision would have to be made soon by the league, to ease the nerves of the players and club supporters.
4514  Economy / Trading Discussion / Chasing the bull run on: May 02, 2020, 09:18:14 AM
Over the last couple of days the market price of Bitcoin has risen by over 20%, carrying some altcoins along with it; Ethereum, XRP, Dogecoin and some other currencies also spiked up in price. With the upcoming halving and the general economic situation, there appears to be a general bullish sentiment about Bitcoin, and this is attracting a lot of investors into the crypto space. As a new investor you are faced with a number of questions; "What price is best to buy at?" and, "What price is best to sell at?" being at the top of the list.

When it comes to investing (in any asset) the ideal strategy would be; buying at the bottom and selling at the top. With the very high volatility in Bitcoin, those figures could be very wide apart. As at early 2019, the value of 1BTC was as low as $3400, as an investor who accumulated at that price, your portfolio would have registered an increase of over 160% in just over a year and still a lot of capacity to grow more. But for those who learnt about Bitcoin due to the activity caused by the spike in the price, there is still an opportunity to get into the market and profit.

Chasing the bull run
To chase the bullrun is to buy when the market spikes up enough to cause a FOMO and provide sufficient support for even greater prices. Such an investor would jump into the market at the start of a bullrun, to ride the waves all the way up. There are some pros and cons to this strategy;
•It typically requires less hodling time, than a long term investment, but;
•The market is unpredictable; a spike in the price does not always signify a bull run, and the investor is at the risk of experiencing a reversal in the market and seeing his assets lose value.

What did you think of this strategy?
4515  Other / Meta / Re: Is this not really paid bumping and encourage for spamming ? on: May 01, 2020, 10:17:55 PM
We've had cases of gambling sites crediting accounts on their websites for users to play games with and leave a review here on the forum with no fuss being raised about it, this case roughly falls in that area.
It could very well have been an attempt to generate activity on their thread and promote their project, but the forum rules are not explicitly against their activity, so I would rather not use the trust rating in this scenario.

IINM, that should be fine for Bitcoin-focused casinos or faucets. If it's altcoins, then it's a bannable offense. Just like the recent giveaway thread which caused several Legendaries to inadvertently take the banhammer.
I agree, but in both cases, the trust system should not be applied. Forum offences are handled by the moderators.
4516  Other / Meta / Re: Someone hacked my 2013 account, anyway to get it back? on: May 01, 2020, 02:28:10 PM
Did you include a secret question option when creating your account? You can try to recover the account using that, this action would get the account locked and the hacker would not have access to it while you wait for the recovery process to be completed.
Having a signed message is not a prerequisite for accounts' recoveries, but it will quicken the process and convince users to leave negative ratings warning users not to deal with such accounts.
4517  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: May 01, 2020, 02:18:34 PM
If people in Tesco's and Walmart can still have to go to work with each other everyday and be around the PUBLIC MASSES then I am sure there is a way they can test 30 people and have a fairly well controlled situation.
This comparison is not necessary, essential services have to be done regardless of the world situation, but this cannot be applied to every sector, judging by this every service with less than 30 people involved would make an argument to restart their business.
Both players, clubs, and fans are keen on seeing football resume but it should not be a gamble, you have to be able to ensure the players that their safety is assured and it would not have any ripple effect on the populace; some people could begin to reduce the relevance of the lockdown.
4518  Economy / Reputation / Re: Is it promote scam by asking questions with scam website? on: May 01, 2020, 01:52:56 PM
Any way, I'm not sure what can be done in such cases. These accounts is throwaway and no longer used after that post. Tagging them probably wouldn't help much.
Reporting the thread to the moderator is the best option imo, such posts has to be made in the wrong section to attract more visibility, so it can be thrashed or moved to the scam accusation board at the very least, such action would protect the vulnerable newbies who can fall for such scam attempts.
If it happened that it's an innocent question, the OP can have no complaints about it being moved to a more appropriate section where they're going to get better answers.
4519  Other / Beginners & Help / Re: Scammers are increasing on: May 01, 2020, 12:22:14 PM
The lack of background knowledge on Bitcoin and how it works is one of the reasons people fall easily for scams such as this. Newbies to Bitcoin would be willing to accept any idea sold to them about it, especially if it has the potential to make high returns for them. If you invest in what you don't understand, you're more than likely going to get scammed.

Reporting scammers' websites and social accounts is one way to reduce the scourge.
4520  Other / Meta / Re: Boards specific merit-sources may help better in identifying right contribution on: April 30, 2020, 05:01:41 PM
IMHO, if we implemented a boards specific merit-sources... We will see a bunch user only want to create thread or post in this board only and start refusing other boards because this board is easily to get merit than other boards.
This would not be the case if it was spread out across the various boards, if any user had equal opportunity to get merited in any board they post on, it would encourage them to post on more diverse topics. Lots of users avoid specific sections due to the low level of genuine interest in the content posted there (as many members have the sections on ignore) and this reduces the quality of discussions made there. Higher merit activity there could change that.

I don't think it is necessary to make it official that a merit source has been assigned to a specific board. Theymos has been very diverse in his merit source selection process, at this time we have sources who regularly frequent a variety of board, and they are knowledgeable on that section so would be able to pick out merit worthy posts easily. But they should not be confined to a specific board.
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