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461  Economy / Economics / Re: Starbucks drops hint at plans to accept Bitcoin on: August 21, 2018, 11:50:44 AM
I can't wait until these big things happen. Think about it, if facebook buys coinbase, if starbucks accepts bitcoin and if ETF gets accepted. All three of this happens and we are looking into something incredibly different. A bull market like no other, the price of bitcoin could be so high that we will have to manually do math to double check if we are seeing the price correctly. These are HUGE news for a market as small as bitcoin. Starbucks has places all over the world and if they accept bitcoin that is free advertisement for bitcoin for all over the world that would make people who never heard or never interested in bitcoin to go check out bitcoin.
462  Economy / Economics / Re: Isnt it time to give up cryptocurrency ranking on: August 20, 2018, 12:15:17 PM
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.

with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.

this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
I don't know it still shows me as a total how one coin reacts to bad/good markets compared to others. I do not like the "ranking" part neither but coinmarketcap has a lot more stuff than just ranking those coins. Even in some sense the rank or order of coins being listed with coinmarketcap has no meaning as they do follow the amount of network by multiplying number of coin circulation with price of one coin whereas many corporate coins like ripple are highly manipulating with number of circulating coins, it makes it not the exact thing we need to consider for ranking or for sorting out.

For example I can open one up right now, see all red and than see just one green and check what coin that is, check why it is green on a blood red market and see something I may like. Or I can do the opposite, check a whole green market and see one red, check why its red and maybe sell if I have any.

Coinmarketcap offers so many stuff than just ranking coins, its wrong to assume ranking is a pissing contest, it is not, it is a way of showing which coins are actually working and which are not.
463  Economy / Gambling discussion / Re: What is the highest lost you have made as gambler? on: August 20, 2018, 11:09:38 AM
One of my friends has just lost $10,000 in football gambling and I have been trying to encourage him.  I will like to find out how much you have lose in gambling and how did you manage the loses. I know many has makes some profits from gambling and some has lost significant amounts of money as this market is a very risky one.
Depends if you ask me in dollar value or bitcoin value ? If you mean bitcoin than the biggest I lost was 2.2 bitcoin back when bitcoin was cheap, it was easy to gather that much bitcoin back when I gambled. I remember gambling with 0.1 like it was nothing. However if you are asking in dollar value than highest I lost was $1000 bet on a poker, I did not put up thousand
dollars on poker, I gradually won that amount from others and than lost myself so I don't know if it counts, not my own money but I could have just said "enough" and get out but I did not. Which I think should consider as mine.
464  Economy / Speculation / Re: $10million in 2023 possible? on: August 20, 2018, 10:36:47 AM
At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving — due in mid-2020 or in 644 days — will see the block reward reduce from 12.5 BTC to 6.25 BTC, while What’s On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023-quoted by wilma woo.

These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.
If one bitcoin becomes 10 million dollars, it will be more than any other investment type ever in history of the earth.
There are roughly 18 million bitcoins in the world (lets assume it stays this way because we can't exactly calculate how many it will be in 2023 and I am really tired Cheesy ).

If 18 million bitcoins worth 10 million each. That would make the total market cap of bitcoin into 180 TRILLION DOLLARS. I am not kidding, that is one hundred eighty trillion dollars, no I did not put one extra zero anywhere. To put into perspective NYSE is the biggest stock market in the world with 20 trillion dollars and NASDAQ as the second at 8 trillion dollars. Do you really think that bitcoin alone itself can worth 10 times the amount of NYSE ?
465  Economy / Speculation / Re: A.I. and value of the Bitcoin! on: August 20, 2018, 08:25:15 AM
In my observation, there is no "AI" that is actually artificial intelligence in the whole world as of now. What you call "AI" is actually just machine learning. Machine learning is not something scary learns that humans are the biggest problem of the world and in order for the world to continue existing in peace the humanity must go. No, that is movies.

Machine learning learns how to play go or what not and react according to the moves and what happens. Check machine learning mario on youtube and you can see a great example, it makes mistakes and learn from them. Machine learning can't predict price movements but it can definitely study it well and since it is a machine it will have no "emotions" to trade so it may have better results than human but there is no way it can go %100 prediction because there are unexpected things that happen all the time in bitcoin market.
466  Economy / Speculation / Re: Reason for bitcoin Price Drop? on: August 19, 2018, 04:40:47 PM
Probably the biggest reason is the whales trying to make double money on price drop. They gather bitcoin when its low, they purchase shorts and bet on bitcoin going down or staying down and than if the price starts to go up, they sell their bitcoins which causes a wave effect and price drops again, they get more on the dip and make more on short futures from the betting on low price of bitcoin. That way they both win on the short futures they just wagered and make money on selling high so bitcoin price doesn't go down. Its a win-win situation for anyone with some money in their bank accounts.
467  Economy / Speculation / Re: Is Bitcoin a bubble? on: August 19, 2018, 08:39:03 AM
The reason many people think bitcoin is a bubble is because of its sudden boom. J p Morgan CCEO says it’s a bubble because bitcoin is a threat to many financial institutions. Warren buffet says it’s a bubble because he has billions of dollars lying around in a bank. There will always be bad news in the market but the truth is bitcoin is real and it is the future.
Let's take Morgan CCEO's statement for discussion. We must agree financial institutions are in danger due to bitcoin. But, financial institutions and central banks are not working for common people's welfare but sucking hard work for hundred of years. Wealthy people becomes wealthier whereas poor becomes poorer due to these our existing systems of financial institutions and central banks. Bitcoin is definitely an alternate to these systems. Then bitcoin is obvious threat to these systems.

People who call bitcoin is a bubble must have not understood the real concept of bitcoin and why it is here and successful for years. Bitcoin is booming to attract people to adopt it. One day bitcoin may get stable value and people start using it as a momentary system only then these people may stop calling it bubble.
468  Economy / Economics / Re: Bitcoins and a country's economy on: August 18, 2018, 07:00:31 PM
Although bitcoin is not that an "official" currency yet, one can say that a country having most of its citizen engaged with a trending, highly-anticipated financial support that should help the country's economic and trading aspect to boom and improve.

We say this, thought of this, but in reality it is hard to imagine how can bitcoins fuel and power up a country and its economical stabilization with almost all of its citizen engaged with it? First of all, it is not an official currency which will give problems regarding to the trading and cycle of currency within a country. And lastly, the management and utilization of it is also a problem.

So, how can we say that the bitcoins are a support to a country and its economy? Is it even possible? How will that happen?
I live in a country that has its fiat currency very volatile and currently horribly undervalued and bitcoin has been great to us. Even tho bitcoin has been dropping like mad, it has been going up because against the dollar our currency went down which caused bitcoin to go up because bitcoin is valued with dollar. I think having that fall back option of bitcoin helps us more than we assume. I have been paid in "dollars" and with bitcoin and out of the two I will always select bitcoin, because if bitcoin goes up, my money goes up, if bitcoin goes down my money goes up anyway because dollar increases in value against my fiat currency.
469  Economy / Economics / Re: The whole market is going down. Any particular reason for that? on: August 18, 2018, 04:47:59 PM
Guys whole market is going down rapidly. Especially see the ETH price. it is crazy.  But I didn't see there is the specific case except  ETF. Can anyone guess when will be market recover? 
People taking their money out. It has been months of no movement upside and people are not happy about it and they are growing tireless and people eventually need the money and they need to cash out or just simply they do not want to be in this anymore and they leave. That leaves bitcoin with less volume and that little volume makes it easier to speculate and manipulate and that causes bitcoin to go down because there are not enough people invested in it.

When money leaves a market than usually the price goes down as well, first people leave altcoins and to bitcoin, than they leave bitcoin and to fiat currency. All of this causes market to go down all together.
470  Economy / Gambling discussion / Re: Do you think you are a gambling expert? on: August 18, 2018, 04:03:13 PM
I just want to know how you feel when you get a big win from the gambling you play, I know that feel is definitely fun.
But, do you feel or ever assume you are a gambling expert after you get a big win?
Then what kind of gambling has made you think of yourself as a gambling expert?
No. I am not an expert gambler because i still can't make a good strategy for me to win a huge prize in gambling, but sometimes i have the chance to have a win streak in playing poker.
But I believe I am in a way. Not in a way to actually make money from gambling, if you are gambling on a pure luck game (like dice game or roulette or something like that) there is no way you can be "expert" and make money from it, not a chance. The house edge will make sure you are losing at all times. However if you are talking about poker or blackjack or even sportsbets than I can't say much because people can be experts on that. My expertise is to actually gamble whenever I want with a limit and stop when I can, I honestly believe that being able to stop when you want requires expertise in gambling, it took me a lot of time and money to develop that but now I can do it.
471  Economy / Gambling discussion / Re: Criteria of a good gambler on: August 18, 2018, 03:20:40 PM

Most of the gamblers are not succeeded in gambling because they do not play gambling with limit, they play with everything they have, even if they will make a lot of money but still they are not going to stop it for the time, they try to make more and more money from gambling which in last cause a big lost and nothing else.

I agree with you and this is a mistake that we did in gambling games and we should be aware to not make the same mistake. it is better to make a limit in the gambling game so we can avoid getting loss all of our money and we can leave the place with the money insides our pocket. maybe we can try our luck in the other day and who knows we can win the games with easily.
But in general, a good gambler can stop when they want and will have a limit and will never go beyond that limit. This took a lot of my time and money but I managed it in the end. I can play when I want and I can stop when I want, I can gamble for $50 for a whole day and if I set the limit at $50 then I will never gamble $51 not a single chance for that. I will stop and leave my computer before I go and bet another single cent over it.

If you can get that self discipline than you can become a good gambler as well. Keep calm, don't panic, do not get cocky and play it like its a "game" not like your whole will change in a second, it probably won't.
472  Economy / Trading Discussion / Re: Coinbase Wins Patent to Secure Bitcoin Payment System on: August 18, 2018, 02:08:07 PM
Coinbase files patent to protect the bitcoin payments and make it more secure for customers. The patent also includes an API key allowing other firms to design more such payment networks.


https://coinpedia.org/news/coinbase-wins-patent-secure-bitcoin-payment-system/
Well this is another move by coinbase to get acquired. They are heavily working towards getting an exit strategy and finding a bigger company to overpay them. Facebook bought whatsapp for like 19 billion dollars, coinbase knows that and they are working for that. I know making money by millions every single day is amazing but having facebook buying your company for billions of dollars would result with huge amounts of money RIGHT NOW compared to making smaller amounts each day.

With that kind of exit they can start a huge ton of different new companies if they want to or just retire and relax for the rest of their lives. Look at the owners of whatsapp or instagram or even early facebook employees, they are living the life. Coinbase is just working towards getting bought out with these kinds of patents and moves.
473  Economy / Trading Discussion / Re: How to start trading on the crypto exchange? on: August 18, 2018, 12:29:53 PM
Hello guys, how to start trading on the crypto exchange?
I would like to hear the opinions of professionals people.
Trading cryptocurrencies is not what you will learn from this forum and it is also not something you’re going to learn in a day, you will need to go through series of training from a professional to know how it works, so I don’t think it’s something anyone here would have time to explain.

But, if you want to start trading, you first of all find a good exchanger ,get your money that you plan to invest on crypto trading (maybe $100 or so) and then for the training before any other thing,  cause the training is very necessary so you will understand what you’re into and how it works
474  Economy / Trading Discussion / Re: I'm trying to buy some bitcoin or litecoin on: August 17, 2018, 04:16:08 PM
I'd like to buy some bitcoin or litecoin (ltc because less sharp ups and downs) but i'm having trouble figuring out the best way to go about this. I'd also prefer to do so anonymously... I could use some help. I live in the middle of no where basically so I doubt anyone out here would have some to trade in person. Any help is appreciated.
The most anon way of doing it is via cash on localbitcoins. If you find someone you can trust , meet with them and give them cash and they give you bitcoin to your account that you use on some exchange or even a dice casino or sorts, that is as untraceable as it gets. Now I am not saying that is untraceable because I know internet and I know people so if someone wants to they probably can find you anyway however at least you make it really harder for them and only the great ones can find out.

Do it this way and you can get bitcoins or litecoins or whatever you want via cash as an anon who noone knows that has any bitcoins at all.
475  Economy / Trading Discussion / Re: Is technical analysis vital? on: August 17, 2018, 03:34:34 PM
Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?
It is not the only vital part but it also can't be not cared about. You do need to check the technical chart analysis and it is a really important part of the puzzle but you also need to check the news, check the development, check the team, check the historical prices, check the community, check how hyped people are. After all of that and only that, you can know for sure if the coins is a true proper coin or not. You can assume it will have shorter term results with chart reading but that is only giving you one piece of the puzzle, you need all parts of the puzzle in order to really see the whole picture.
476  Economy / Economics / Re: Can Amazon Integrate Bitcoin? on: August 17, 2018, 12:38:49 PM
It seems like a corporation the size of Amazon who are talking about flying a drone to your house to make a delivery could certainly accept Bitcoin.  The question is do they want to ans are they allowed.  
Every company has its own beneficial aspects and objectives that lead them to business success. People are now requesting such companies to take part in bitcoin development by accepting it as source of payment. Some companies really had made the choice to work in bitcoin but mostly aren’t interested or they might be afraid of loss from bitcoin due to its fluctuation. But let’s see what happens.
Can they ? Yes they can. Will they ? I think it would be really hard to achieve considering how many stuff they are selling and how they need to pay others as well.

Think about this, if they sell a book, they do not just get paid, they pay the author, they pay the worker, they pay the paper company, they pay the printer ink company, I can go on and make like "they pay the truck driver" and whatever but you get the point, they do not just pay the author, and if they sell with bitcoin than they can't convert quickly enough to not make a loss on it when bitcoin goes down. Hence its really hard for amazon to use bitcoin, maybe some digital stuff that is owned by them so they don't care about the price at all but why would they is another question.
477  Economy / Economics / Re: how does devaluation of national currencies affect the crypto ecosystem? on: August 17, 2018, 12:08:46 PM
as per title how you recon the market is affected by individuals in countries like turkey, venesuella, brasil, argentina, russia, china, india (etc) which currently experience major currency devaluations against the dollar? normally it would be rather common practice to hold dollars as a hedge against the central bank's fiat denominations. though in countries like india they prefer gold. so now that an alternative is present how much buying pressure would it create to perhaps affect the bitcoin trend?
That is exactly the only reason I believe bitcoin will definitely be higher than what it is right now.
Bitcoin will worth a lot more in the future for sure just because of two things. One is the mining will cost more because of halving, however this has nothing to do with our current topic in hand.

National currencies always devalues, look at house prices 50 years ago and look at them now. Look at the car prices, salaries, school costs, you look at ANYTHING and dollar lost value against it, burgers cost more today than 10 years ago. Now why wouldn't bitcoin be worth more against dollar over time ?
478  Economy / Economics / Re: Do you use cryptocurrencies in your daily life? Are they useful? on: August 16, 2018, 04:59:58 PM
I get paid in bitcoin. I have been in digital marketing for ages and for the past 2 years or so I have been accepting bitcoin payment and for the couple months my only customers have been the ones paying in bitcoin. So I have been "using" cryptocurrency in my daily life but for getting paid and not paying something. I have used fiverr to get some stuff done back in the day so that was me using it to pay but usually almost daily I get paid. I probably wouldn't be able to find these jobs if not for bitcoin so I am quite grateful for bitcoin.

Making use of cryptos for day to day life is highly country dependent. Before some one to two years back, crypto based debit cards enabled people to spend cryptos everywhere but after strict regulations from visa and mastercard kind of networks, now again we are longing for new technology to spend bitcoins for daily life again.
479  Economy / Marketplace / Re: Bitcoin - a financial pyramid: true or myth? on: August 16, 2018, 02:36:47 PM
Well, considering the fact that you only make profit when others are investing and make loss when people starts to withdraw, maybe you can call it a pyramid, but I wouldn’t call it that. No matter what you call it, the only thing that matters here is whether there is something that you’re earning. Unlike other systems or whatever they are, Bitcoin is very transparent and there is nothing hidden. You can make profit, same as there can also be some losses if your not lucky.

Lets consider the level-100th buyer of bitcoins like pyramid system. He will buy bitcoins for some $100 and then he may use it for some online shopping or maybe spending in physical shop also for same $100 (considering when 100th level buyer must be living by the year 2050 and bitcoin is considered to have less volatile similar to gold now). What is the losses to him or how we call bitcoin as a ponzi or pyramid system ?

If you observe, real-estate properties also gaining its value in the way how bitcoin is gaining now. A real-estate business is a  pyramid system ?
480  Economy / Speculation / Re: When Will the Bear Market End? on: August 16, 2018, 01:57:38 PM
I'm not sure there's going to be a mini-bull market in 2018, the market has been down for almost four months, and a rally should be possible.
I believe we are not in a "bear market" in some sense. I think we were in a bull market and the prices went up really high however it dropped pretty quickly. Remember what the prices were before December ? Well we are just going steady, there was just this one crazy insane bull run but than it went back down to real numbers. If you  consider it like "bitcoin was once $20k but now it is $6k" than you will be really sad and hopeless.

Nevertheless, if you see it like "bitcoin has been $6k for nearly a year except that one time in December when it skyrocketed and come back" you will feel a lot better because you shift the anomaly to $20k and not the bear market that dropped to $6k.
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