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4601  Economy / Economics / Re: panic selling on: March 11, 2017, 04:33:51 AM
What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

never panicked in the trade as a result of her would be fatal, loss in front of you if you panic, there is quiet when the price rises there are times when the prices will fall will probably take a long time to ride again
Focus is what you need in trading, you will do the right thing all the time when you are well informed with what you are trading. Mostly those who panic  are people who are not making a good research about bitcoin.

Just recently the value of bitcoin has drop very fast and if you panic that time you will lose your money because as we can see not, the price is climbing back again and we are in $1,200 once again. It's a game of the clever people, be one of them if you want to stay trading longer.
Of course there is a huge effect on Bitcoin when it comes to price. You will see that even if it is not Bitcoin if there is a panic selling going on the market is controlled by sellers therefor making the price to go down, if the buyers control the market the price would go up. It is vice versa. Furthermore we need to find out what causes the panic selling to know if it will recover or not.
4602  Economy / Gambling discussion / Re: 2016/17 NBA Season on: March 09, 2017, 12:43:46 PM
The Timberwolves showed that there is still hope for them to make it into playoffs. With a 107-91 win against the Clippers you know they have a caliber to defeat a playoff team. Also for people thinking that Rose is better than Rubio think again he got a triple double recent and know with a double-double in this game with 12 Assist. The bench also have help a lot now with Lance Stephenson back with the organization.
4603  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bank??? on: March 07, 2017, 03:51:25 PM
I don't know how it will work for any of us. A Bitcoin Bank that provides interest to us? Maybe it is some kind of an impossible thing because Banks need to handle the volltility of Bitcoin. A Volatile money means it won't be profitable to banks because no customer is willing to accept that kind of currency.

a bank is not just offering profit, there are lots of other services they offer too. such as storing money, giving loans, giving ways to spend it such as credit cards, checks, ... some of these services would be stupid with bitcoin but many may like it.
also the volatility is not an issue when you just work with bitcoin meaning you receive bitcoin and pay bitcoin
Yeah it would not make sense to us Bitcoin Users depositing out Bitcoin to a Bank. It is like putting your money into nothing. A Bitcoin Wallet has all the functions that you are looking for a bank except for loans and interest. However the growth of Bitcoin is greater than any interest that a bank is offered. If I were you having your Bitcoin in your wallet is much better because you have full control of it.
4604  Bitcoin / Bitcoin Discussion / Re: Bitcoin is treated a stock on: March 06, 2017, 05:08:44 PM
It is common sense Bitcoin as a currency can be treated as a stock even all fiat currencies is treated like a stock which they have FOREX (Foreign Exchange). If you mean a stock which has price differences from ups and downs then everything that has demand can be treated as one simple as that. Bitcoin is no different than fiat currency, the only difference that I see is that Bitcoin is more volatile than Fiat.
4605  Economy / Services / Re: Byteball Signature Campaign(accepting local posters) on: March 06, 2017, 04:40:55 AM
I would like to re-apply in this campaign Yahoo  Smiley

Btctalk Name: Theb
Rank: Full Member
Current post count: 158+1 (159)
Btc address: 16vZj4UcMzpgNomEHSVdUJArrwA9GKp4Dy
Wearing Avatar  : Yes

Hoping to get accepted after you have cleared a few slots after the post count  Smiley
4606  Economy / Services / Re: Byteball Signature Campaign(accepting local posters) on: March 05, 2017, 12:39:14 AM
I would like to apply in this campaign Yahoo Smiley

Btctalk Name: Theb
Rank: Full Member
Current post count: 156+1 (157)
Btc address: 16vZj4UcMzpgNomEHSVdUJArrwA9GKp4Dy
Wearing Avatar  : Yes

I hope I get accepted
4607  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Chain of Points - Transforming Loyalty Into Rewards - ICO LIVE!!! on: March 04, 2017, 02:07:37 PM
From what my understanding with Chain of Points ICO is they are launching an altcoin which is named POINTS which will function as a reward system to the consumers who buy to them. The question is what rewards will the consumer get from collecting POINTS? Because I am still on the verge of finding out.  Huh
4608  Economy / Economics / Re: bitcoin provide income on line? on: March 04, 2017, 01:35:30 PM
Most services that pay out in bitcoin deal with it. For example, a bitcoin sales network would pay it's support staff in bitcoin, simply for convenience. I don't imagine a coffee shop owner paying their workers in bitcoin. It's just illogical.
I guess that is what a normal procedure would do. A Bitcoin Ad Network receives income via Bitcoin currency. I don't think that that network will pay anything other than what it receive from the start. Also Bitcoin Networks are almost an online operation with online staff in different countries. The medium they expect to be paid is on Bitcoin currency, they don't expect to get paid in Fiat.
4609  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is not supported in some countries? on: March 04, 2017, 07:38:25 AM
Many countries even do not understand the basic of bitcoin. So they avoid it. In my place I have seen that people invest in new thing, as they are greedy, without knowing the business. What if a gropu of people start to promote hoax and sell btc at $2k per coin in a place where people have zero idea about btc. Some of the people will buy btc and what later ? They will face a great crisis. That is a real reason why some of the countries still avoid BTC. It is a safety  measure or precaution
you are right. basically very many countries that do not understand about bitcoin. they just think about the evils that would occur if the receiving bitcoin. but, they do not see the possibility of that happening that bitcoin could save the financial condition of a country.

I think a country will know all things related to bitcoin. Both the gain or loss of legalizing bitcoin in their country. I think that a country does not accept bitcoin because they think the risk of a bitcoin is greater than the benefits. Thus, they decided not to accept bitcoin, especially for countries that have not developed. Bitcoin could cause corruption or other clutter. Thank you
And if you think of it this way, most of the countries who banned Bitcoin in their country are developed countries China and Russia to name a few. Both of which are powerful countries and I guess they know what Bitcoin can do if supported by the government. Many things such as money laundering and also Holding of the cryptocurrency all of which will create an imbalance to their economy, it is better safe then sorry.
4610  Economy / Economics / Re: Make money from money on: March 03, 2017, 06:51:06 PM
I'm not used to the fact that my money is just lying. They are constantly in circulation. It's all in order to increase my capital. Through my profits from the investments have a good income for the month. At the same time I do not have to work hard

It's the smarter thing to do, never let your money stop, make your money work for you while you sleep, so you can enjoy it when you are waked.
However the harder step when talking about "make money from money" is to find a trusted and rentable investment to start. Many investors finding good offers and possibilities don't tell other, don't give hints to others to make the investment full profitable without concurrence.
How about investing your money in gambling sites, I'm pretty sure you can get what you are expecting, they will give you a good return but you need to put a bigger amount for better income. You know there is no free money in this world and we need to take risk if we want to succeed.
Using our money to make money is always the best option and to reach financial freedom,  so think of a better idea where to invest.
Investing your money in casino bankrolls is a good idea but you must be careful of researching every single casino you want to invest in since you will be trusting them with your coins and although the probability is low a casino owner may decide to exit scam.

it's not a good idea imho, you are risking your bitcoin too much with that way, it's better if you invest in something that is less risky, like real life busines, or sell stuff for bitcoin
Well I respectfully disagree, bitcoin casinos give good profits in a monthly basis, and while there are risk this can be minimized by choosing the right casino, also investing in a casino gives you way better profits than what you may get in a bank or any other similar investment.

I do not agree with the fact that you can win a good profit thanks to the casino. You have to be lucky to hope for it. I'm calmer and less risky to trade than gambling
Dude you don't invest in a casino, you gamble in a casino. I don't think that it is a good strategy for you to earn on a monthly basis because clearly you don't know what is the meaning of investing. Investing your money takes a lot of plans and decisions before you execute the strategy also it woll require time for you to be able to see a profit from it.
4611  Bitcoin / Bitcoin Discussion / Re: Difference between Bitcoin and real money? on: March 03, 2017, 05:07:14 PM
Bitcoin is a store of value because it can operate without government.
Money don't.
You are thinking in fiat not in money, money used to be independent of governments, anyone with gold and silver could create their own coins out of those materials, but then the governments decided they were not trustable and created for themselves the monopoly of coinage, with the terrible consequences that has carried out.
Actually the government is just trying to protect their country's economy, what do you think will happen if a foreigner enters the country with a lot of gold and silver and decided to buy everything in that country? Of course it would be disastrous it will be a country owned by a foreigner who can control everything in it. Also a currency of a country os a reflection on how they are doing economically it is their indicator of success.
4612  Economy / Economics / Re: Why have Bitcoin instead of cash? on: March 03, 2017, 02:17:12 PM
Bitcoin is always better than cast according to me because-
1) It is easy to handle.
2) using it saves a lot of natural resources
     Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
    I.e - if we have cash in bulk govt can ask us for a justification
    We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
I disagree with your statement a lot. Bitcoin is not easier to handle compared to Fiat currency, you have many issues with it one big one is the waiting time for your transaction to be confirmed. Also if Bitcoin is easier to access why does businesses still prefer the use of Fiat currency? Because Fiat currency is easier and most convenient to use compared to Bitcoin.
4613  Economy / Economics / Re: Big Crash coming on: March 03, 2017, 05:44:58 AM
has much to say that soon bitcoin crashes will happen, but I guess it's just to say to people who feel panic when the price of bitcoin down. Well, I do not believe it. besides, bitcoin will surely have a high price, and stable.

Big crash has already happened but not to all bitcoin users but to specific bitcoin users only. Those individuals were the individuals who doesnt trust in bitcoins and sold their bitcoins when the price deflation occurred. They didnt know that bitcoin will climb up again in value and will continue to climb up. So to the non believers of bitcoin the big crash in your investment has happened when you decided to sell your bitcoins at a lower price.
I don't call crashes on what is happening to Bitcoin, But they are major corrections in which happened last year from 900$ to 500$ and recently from 1100$ down to 700$. A crash on Bitcoin absolutely won't make its price to recover fast. Last month we see that from 700 a piece it generously increase from there on and now is stable at 1200$. But I am seeing another correction soon.
4614  Economy / Economics / Re: Is it profitable to run a Bitcoin faucet in 2017 on: March 03, 2017, 05:03:28 AM
As much as they're worthless for users, they can be profitable now since there are a lot of new people interested in bitcoin. It will be profitable as long as there are new people coming.
Its not only about having new people coming to the site but also people who will stay and still use your site. Having a well planned layout will make your faucet site successful from having thresholds it will make claimers claim all the time just to reach the goal which means more traffic, also having a referral system will work as long as it won't run dry your faucet. Goodluck many faucet sites fail within a month because of not having a good strategy.
4615  Economy / Gambling discussion / Re: 2016/17 NBA Season on: March 02, 2017, 04:34:25 PM
A great win today for the Timberwolves as they have beaten the Utah Jazz 107 points to 80. They pretty much dominated the game in which many thought they might lost again. Right now the Minnesota Timberwolves are battling 4 teams for the 8th Seed of the Western Conference. I hope that they will get in so that the they will experience what Playoffs is really like.
4616  Economy / Economics / Re: Make money from money on: March 02, 2017, 12:46:38 PM
Investing can be a double-edged sword in the sense that it is both subject to risks and yield. But if you study carefully the risks associated with an investment, you would know how much risk you can take and how much money you are willing to invest. For me, I only invest my money in things that I am really familiar with. Like in stocks, I only choose companies that have a long history of stability and profit-making.
You are right with that. However companies that are stable and has a steady income tends to yield low results, sometimes companies who have room to grow tends to pay a lot better. For an example what will you choose a 39 year old former MVP or a 19 year old player who has a lot of potential? If you are looking for the long run then obviously you will pick the younger player because the older play will retire anytime soon. Same in stocks the most potential is the one who has a lot to gain.
4617  Economy / Economics / Re: The future of the paper money on: March 02, 2017, 12:15:17 PM
There is no way for paper money to disappear completely.  Although we are heading towards paperless and digital era paper money will stay in some amount and people will still use it but soon probably there will be situation that majority of people would use credit cards and with time digital currencies also.
I don't think it will happen in the future. Right now paper money might be safer in a vault in a bank compared to some kind of e-currency circulating online around the web, which is vulnerable to hacks and scams. Also for the government's purpose it will be hard for their part to know what people are really earning because all of the transactions are now online which will promote the use of money laundering. Bad Idea
4618  Economy / Economics / Re: panic selling on: March 01, 2017, 05:31:28 PM
The value of btc will drop if this happens like a regular stock market crash
 

Even bitcoin will drop for sure many of the members here would buy more of it, or it will be a huge volume of buyers of bitcoin will take that opportunity to buy lots of bitcoin. You know the basic rules in trading buy at small price,lol...
Panic selling always happen. Usually it starts when a person or group of persons shorted anything from one price at a big volume, from that point other people will start to think that there is something bad that happened and they will follow shorting the asset. It is a normal phenomenon that happens when people want to take profit because they think the price is high enough and then when the price starts to fall they will buy again at a discounted price.
4619  Economy / Services / Re: Chain of Points Signature Campaign on: March 01, 2017, 04:44:42 PM
Hello Yahoo I am now ranked as a Full Member can you please Update my Profile. I also have change my Signature on it's respective rank. Thank You.  Smiley
4620  Economy / Economics / Re: Is it better to save money or invest it? on: March 01, 2017, 03:06:34 PM
Invest knowledge and brain is the first things we need to invest, after invest knowlege we can find business partners for doing business and try to expand business to many places that can let everyone own it, somethings like UBER, Air bnb and Grab......
Save money is a must, we should save money and use our money in the right place, money management is very important, we should learn from now.
I don't think it is easy to get a business partner if you are not well know or you are not close to the person you want to tie up with. I think the first to thing you need to do to be successful is have a really good friend who has the same ideas or can share suggestions on how to improve it. Building a relationship early on can make it easy for you to have a business partner. Knowledge comes only to second as you share with your partner with your thoughts at the same time they share theirs also.
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