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461  Economy / Gambling discussion / Re: You cannot win in gambling on: October 16, 2018, 06:20:25 PM
It's gambling, you lose some and you win some. Luck will always be a factor in gambling. If luck is on your side on a particular moment then take advantage of it cause it will not last long. In gambling your loses is much higher than your winnings so don't think gambling as a main source of living.
Let me rephrase that! It is gambling, you win little and you lose big. That is the plain truth and even sometimes when you manage to peradventure win big, it all totally depends on your lucky stars because it is usually something hard to come by and that now depends on whether you end up blowing it all away by continuing with the gambling or you are able to put some sense in your head and walk away with your winnings. Human mind though, they always want more and that is what usually put them in trouble at the end. A lot of people already have that mindset of using gambling as their main source of living and that is pathetic.

sometimes, you will lose all the money you have because you are too greedy to chase the money. But you cannot recover in gambling because you don't know when the luck is coming. But still, you can enjoy the game although you get to lose Grin Be careful because you can become addicted to gambling and you will lose everything.
That is always the thing that most of the time end up happening and I agree with those who said, even if you manage to win a lot, you can still always end up blowing it all away. The possibility of losing everything is a lot bigger than winning something substantial. Gambling is a game of luck and as long as you are just doing things without knowing what the future is going to bring, you are subjected to just taking a side blindly and in that case, you can only be lucky to get something good and that luck is not something that is easy to come by naturally.
462  Economy / Gambling discussion / Re: Does this sound realistic? on: October 16, 2018, 08:44:02 AM
When they are ready to lose their money to get more money which is the first mistake of the people because gambling is not like investing or doing business so where we cannot make money from our skills we just need to rely on the luck.Its okay lets decide their fate by themselves.
Right, which is usually the first mistake most of the time for people who tend to gamble a lot; as they look for things they possibly cannot find, like trying to gamble for profit.
For heaven sake, people should realize that gambling is not an investment where you will certainly get some profit from your investment if you do things well, this is a game of luck and really what the OP said is a whole lot realistic and if people can have such a mindset towards gambling, I am sure, we would have less addict in the gambling space.
463  Economy / Speculation / Re: Bitcoin Price: Wait for Clear Bull Trend before Buying More Cryptocurrency on: October 16, 2018, 06:44:52 AM
I always love great research journalism. Thanks for that Cheesy

Dude both said not to buy bitcoin and also said it could reach $25k ? This is the same people that keeps up saying "always knew what the price would be here are the examples". Dudes make "it will go down" and "it will go up" estimates constantly and than after couple years of doing "both sides may happen" type of topics they return and find the correct ones and just make a page of how they "knew" the price would do and hide the ones that stated when they said the other ways as well.

You can literally make a page of how they never knew what the price would be as well because they always talk about the both possibilities.
464  Bitcoin / Bitcoin Discussion / Re: Pacquiao Vs Mayweather 2 on: October 15, 2018, 06:45:26 PM
I agree that the money involved in these things are insane but I feel like it may not be as much as what it was at the first one, it might be more or less but I feel like it SHOULD be low considering the fight between them first time was a boring strategy match and not a real true boxing.

People around the world tune in to watch fights to see who beats the Bejeezus out of who but Mayweather just turns boxing into a chess game somehow and so far at the 50 fights he had no one figured that out and almost all of his opponents are tired by round 4 or 5 by trying to punch him that they get tired at the end rounds so he either knocks them down or wins by decision.

The trouble with all of this is that it makes a fight that is not fun to watch anymore so if they gonna fight for money they will get their money but hopefully less than the first one.
465  Alternate cryptocurrencies / Altcoin Discussion / Re: What business industry will benefit the most from cryptocurrency? on: October 15, 2018, 06:06:30 PM
If more and more companies start accepting bitcoins and altcoins as payments, which sector do you think will benefit the most from it? The first thing that came to mind is supermarkets, simply because it is the one that most people frequent to. The other thing I could think of is the automotive industry as well as real estate. But what do you think?
Definitely insurance and real estate business. I do not know what the real estate governmental part is called but the place that keeps the records of which part of the land and which flat and what not owns by who could really be imported into blockchain systems and you can keep a record of who owns what real estate and so forth via that system very easily.

Just give the ownership to someone on that system and if you want just change it on the chain itself. Would make a worlds difference for them. For insurance as well, you can make insurance claims and so forth via blockchain systems.

As long as insurance is kept on the blockchain there is no gray area, all records are there, what you have used and what you haven't used and all things in between will be kept there. It would be definitely amazing for these both business models, already been tried to do so far and it looks promising.
466  Economy / Economics / Re: Bitcoin is one of the saviors. on: October 15, 2018, 04:30:31 PM
we certainly hear a lot of people whose their lives change 180% because of Bitcoin

based on https://www.livebitcoinnews.com/venezuelans-turn-to-bitcoin-and-online-gaming-to-survive/
when government policies make them miserable, they find ways to survive.

Do you agree with Bitcoin is one of the saviors and are there any of us who have saved their economic lives since focusing on Bitcoin?
and honestly, I'm one of the people whose economic needs have survived because of Bitcoin  Grin
Escape from the bullshit being waved from the fiat system, the fact that I can make transactions all over the world without having to fear what the government will come up with tomorrow when it comes to policies that helps no one, and for the fact that I can have a proper store of value as against fiat that keeps deteriorating over time, then absolutely, there is a huge advantage and benefits to go around.

In the cases of Venezuela and some other hyper inflated countries who are fighting to survive the economic turmoil that has been bestowed on them by the government and their bad policies as well as their crazy corrupt practices and monopolies, I guess this is just more like saying, we are all taking our freedom back and that is what threatens them mostly.
467  Economy / Economics / Re: Data is the new oil energy source on: October 15, 2018, 01:15:19 PM
More and more people are realizing how powerful data is and need to be protected. Data is the new oil, and companies like FB and amazon are the new petrodollar oil champions in the world. Fortunately, blockchain provides a reliable way to break these islands of data and create a world in which data can be liberated by sharing data while still maintaining the same ledger or its original ownership, allowing creators to be rewarded.
This makes all the sense in the world. Back in the day oil was what ran the world and the companies like standart oil was so big that government had to interrupt it and divide it into many little pieces and even today those companies when combined together worths over a trillion dollars.

However, now apple is that big and amazon is a close second with samsung making headlines everyday. Facebook literally doesn't sell anything other than ads on their website and whatsapp is probably not making a single cent with instagram only few ads. These companies use your data as the income, they worth billions of dollars because you give them your data.
468  Economy / Speculation / Re: Bitcoin going towards the dark on: October 14, 2018, 06:32:05 PM
People love overreacting, yes, other than this I am not observing anything else.

Bitcoin has been above $6k for the past 5 months or so (except short periods of dropping to $5.8k but it didn't stay there for too long) and considering this how could anyone think bitcoin is not doing well ? Do you need something to go up to say it is doing wel l? Or not dropping below a certain number no matter how much whales try (there was a 100 million sold just recently) is not good enough ?

I think we are doing insanely well and building a great base to bounce from. The fact that bitcoin reached $20k while it started out at $3-$4k prices gives me hope for our future considering we are based on $6k+ right now which means we can reach even further if any bull comes.
469  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do investors want to buy ICO even they know there are a lot of scammers? on: October 14, 2018, 05:29:04 PM
I think the main point is that they trust the ICO to do well before they think if they are scammers or not.
I have seen many people invest into ICO's without even checking who the team is behind the project. If you do not check who the team is and even if you check and do not know what the team behind has done so far in their life than you have no idea what you are investing and there is a huge chance of getting scammed.

Whenever I invest on any ICO I try to find the team members and try to see who they are and what they have done with their life and what they achieved and if they look like they are really good guys that managed to make big things happen before this one than I invest. For example if Vitalik is part of a ICO one day I will definitely try to wait for him to say something about that ICO and not accept that he is part of it just because the website says so.
470  Bitcoin / Bitcoin Discussion / Re: Pacquiao Vs Mayweather 2 on: October 14, 2018, 04:35:32 PM
Mayweather hasn't had a proper fight for a while now and Pacquiao has been fighting more frequently than Mayweather but we have seen the fight already, we know what will happen, why would we think anything different would happen in this one ?

We know Mayweather is an undefeated champion with iron lungs and can go 12 rounds like a breeze without a trouble, his stamina is unparalleled in any sports and he can beat down his opponent for 12 rounds, whereas Pacquiao has been going for senator job and playing basketball and what not.

The only reasonable person who can beat Mayweather right now would be a young fighter that has been KO'in everyone recently, anyone on their performance high, people like Pacquiao can't compete anymore.
471  Economy / Gambling / Re: Stake.com | The Most Popular Bitcoin Casino | ETH & LTC Accepted! 👽 on: October 14, 2018, 11:04:32 AM
Will you add any more new games to the website ? So far it is getting a bit boring to play the same games over and over again, I mean I understand I have played dice game for years now Cheesy But somehow blackjack and others doesn't give the same vibe, I feel like I can gamble on dice for hours but whenever I gamble on blackjack for half an hour it gets boring, I know it sounds silly but I just wanted to know if there was any chances of adding any new games.

Maybe some sort of slot machine type game? Also I see stunna as "adviser" to primedice and stake, wasn't he the owner of these websites ? What happened was there some sort of big acquisition by some company or something ?
472  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think abot ico new projects? on: October 13, 2018, 04:22:35 PM
Although there are many new ICO projects every day, I don't think most of them have any value, because they may just be for fraud!
A whole lot of them actually adds nothing to the space and the only thing they are basically good for is pump and dump and to also get the scammers behind it richer. We have a lot of ICO coming up recently though with pretty good ideas as well, awesome product, great team and then future prospect and I feel at the end, it all depends on each investor to be able to filter out the good ones from the bad ones, so as to be able to stay safe and minimize the risks of investing in scam projects. Until this space gets regulated, it may be hard to see some sanity.

To be successful ico needs to has very good developers what are real professional with long term experience
Do not look advisers there is possible to rent them
Success of an ICO or any project will be depending on a lots of factors and we could not narrow them down here in discussion. But, a true and unique project will find its success when it will get promoted here. Yes, just a good product alone will not be enough but promotion also a big determining factor.
473  Economy / Economics / Re: How will blockchain affect the taxing system? on: October 13, 2018, 02:52:46 PM
Peer to peer transactions will be a hard thing to track down, let alone be able to get taxed, so one way or the other; this would affect the taxing system. The only spot where taxation may actually be applicable is when we get to see people making use of the exchanges.

In the long run, most exchanges will be regulated anyway and as long as you are making fiat deposits and withdrawal, you will definitely get taxed. Judging from the fact that exchanges are centralized, and apparently, everyone's activities can be monitored, and in that case, it is more like you being subjected to capital gain tax. Still, here we need to take note of how popular those decentralized exchanges are becoming day to day. I guess, governments may need to think about switching over to new type of taxation rather than just taxing on income stream nor taxing while transacting.

Just taxing all the citizens with some flat fee (every month or year) might be a solutions for governments in long run Wink.
474  Economy / Economics / Re: Universal Basic Income Is Silicon Valley’s Latest Scam on: October 13, 2018, 01:28:57 PM
Universal basic income is not a scam, its a challenge.

The world is getting as automated as possible while the population is increasing insanely. Of course, with time people might stop populating because of the economic troubles however as we have seen with Syria the more troubles you have the more inclined to populate you are, Syrian refugee's have been populating quicker than they used to when everything was relatively okay.

Now that population is increasing, the automation by machines are getting more common and unemployment rates are through the roof and salary prices are not matching the livable wages, whats there to left? Well just letting the people live on a universal basic income with no one in the world needs to work and everything is done by machines, of course that's a challenge, that won't happen easily but its still a distant possibility.
475  Economy / Trading Discussion / Re: When to trade altcoins? on: October 13, 2018, 07:51:42 AM
If something has fallen a lot recently it is exactly the same, start watching from afar before trading. The best time to trade something is while its standing still without a move or when its just going up but hasn't gone up too much.
That depends on your style of trading anyway but most of the time, whichever trend the market is in, your knowledge and strategy on how to deal with each market is what would determine if you will thrive or not. Actually as a day trader, it is always a good time to trade when the market is trading within a range sideways and you are always in a good position most of the time when you are trading a bull market as even that time, a small child will even be able to call a signal. It takes someone who is very professional and has a huge experience to be able to take advantage of a bear market actually.

At the current market a big NO.
I do not even think anyone at this moment would want to be trading the altcoin market with how volatile they can get most especially when there is a great instability in the market with bitcoin trying to find a direction. Like you said, in this current market, it is really a very difficult time to trade altcoins, but at least in a bullish market which seems an easy one to achieve and knowing that the altcoins have more potential to move up than down, it is always very easy to trade such a market at that time. Everything still balls down on the knowledge of each individual anyway and how they are able to make a trade effectively without adding any form of emotions.
476  Economy / Trading Discussion / Re: Reason why crypto market bull run on: October 12, 2018, 07:04:42 PM
It's all FUD and FOMO dynamics, if there's great news you see the price quickly spike, similarly if there is bad news it crashes just as quick (or even quicker recently).

Right now there is a whole load of FUD, so the market tends to crash more often than it rises. When there is no FUD or FOMO the market relies on simple supply and demand, which tends to gradually push up the price due to the scarcity of BTC and the growing market size.
That is what happens most of the time in a highly speculative market when all the assets are driven based on speculations and nothing like real demand or real life usage and that would always be a challenge to see manipulations being a norm for the whales until we start seeing the main thing being a possibility as mentioned.

People are always busy expecting bull run, wanting to get rich pretty fast and that is something that would always affect them in the long run as they tend not to get the need to focus on the long term most times. But for someone who can at least trade effectively, they tend to have a better chance to accumulate more in the market but for now, FOMOs and FUDs are just means to drive the market the way some people please.
477  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The price plunged down today? on: October 12, 2018, 04:48:41 PM
This is the same scenario I have seen being played out throughout the last seven or eight months to me nothing has actually changed. Bitcoin will rise for a few days then give back all of the gains in a few hours but it usually remains above $6,100 at all times.
Actually for a fact we are still in a downtrend and the bears actually still have an upper hand looking at the big red candles on the chart, but that still has not changed the fact that we are still in a still position at the moment with no direction clear enough to know how the market is going to be moving onward but we only have to just wait and see actually how things would get eventually.

There is a whole lot of chance to see bitcoin go a little bit downward to the support within the formation we are in sideways and hopefully we pray it holds again and we go test the $6800 resistance and still a lot more upward to break anyway. At this point, the market requires patience.
478  Economy / Speculation / Re: What the price of Bitcoin will be reached in 2019? on: October 12, 2018, 11:54:17 AM
no one can guarantee the price will reach $ 10000, but indeed it is our hope. we can see at this time price is back dump, after some time the price is stable. Hopefully the bad conditions will soon be over
Actually no one can guarantee anything at the moment as we are just simply in a world where nothing is predictable and so far so good, the only thing we can do is to be taking advantage of now for the future sake. The price of bitcoin in 2019 is something that would remain a puzzle and we will somehow just have to wait to see all the pieces put together before we even know what we have at hand, but for now, we just have to be patient, knowing that whichever way, at some point, the market will recover and we will get to see better green days which only those who are seeing this time as an opportunity to accumulate will be the ones to enjoy it mostly in the long run.

2019 will be a better year, whether it brings an opportunity to buy lower, or an opportunity to see some huge profit, but all depends on how we take advantage of now.
Please do not predict about "another buying lower opportunities", honestly no one here heartfully need that (maybe people outside this community may long for that). 2019's third and fourth quarter will be definite good but cannot say anything about first 2 quarters.
479  Economy / Gambling discussion / Re: A banking app helped me beat my addiction on: October 12, 2018, 08:09:53 AM
After reading this article, I would say the main character mentioned in this article does have strong determination to fight against his own gambling addiction, if a person who is seriously addicted to gambling does not even have a strong perseverance and determination to quit gambling, I believe this banking app would not be able to help much too. This story shows how scary it is when someone became seriously addicted to gambling, they could end up paying debts for their whole life due to their gambling addiction, and basically their life would be ruin if they are not able to step out from it.

I kinda agree with this, there definitely needs to be a strong will to quit their addiction, otherwise they'll just find other ways to get money.
When you're a real gambling addict, you need the help from your family/partner as well to help you manage your money.

An addict will do whatever he/she can to get more money. They'll lie, steal or find money somehow and this banking app wouldn't stop them if they really wanted to get their hands on money.
That said, I do think it can be a very helpful tool for someone who's determined to quit gambling.
Yeah, quitting gambling is actually not an easy task on its own for someone who is addicted, so we have to take that into consideration and to have gotten to that stage, one way or the other for the person, there must have been a moment that would have really taken them aback to check on their life and see that things are not actually going right and in this case, this guy mentioned the death of his mother was the major factor that even sprouted it in him.

However just like barcode said, it is still all about the strong determination and I agree with what you said that an addict will always go to any length to just want to satisfy that urge, which I believe even as much as this tool can be helpful, it would take the person to even be ready to want to help him or herself.
480  Economy / Trading Discussion / Re: Will bitcoin reach $100,000 in two years? Bitcoin statistics and predictions on: October 11, 2018, 06:15:30 PM
today we see prices returning dump. of course this will make people panic again. for that we must not be affected by the bad news that happens, so it does not worsen situation, and hopefully this difficult phase will soon be passed
The price is actually unstable, which is one of the reasons why you need to always be careful in the market such as this at the moment. Markets are always usually unpredictable and there is actually no way we can know what the next minute even holds, let alone 2 years from now. I believe however that so many things would change for good and there would be a lot of development which I want to assume that in such case, the chances of seeing good growth in that length of years is possible. However it is though, patience is all we have to imbibe as a culture.

Its only a prediction. But everything is possible maybe we will just wait what Will happen Smiley
At the end of the day, we do not have any other option actually than to just wait to see how things would be actually. Bitcoin has shown most of the time and as well as every other market that nothing can be predicted and it all depends on how conditions turn out favorable or not. At the end of it all, the market will always do whatever it wants to do at its own time. No one can tell what is in the future actually and if we could, I am sure a lot of us would have been crazily wealthy by now, but all we can do is to hope for the best and be optimistic.
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