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4661  Economy / Trading Discussion / Re: Trading, gambling and binary options. Which one you prefer? on: February 29, 2020, 05:51:47 PM
If we have to pick one of these, I would say gambling is a lot more fun than the other options. I don't know about binary too much so I can't really say what it is or why I wouldn't pick it, simply I just don't know that one. Between trading and gambling tho is the fact that I am not good at trading neither, I am not capable of doing any decent trading personally so it is basically like gambling for me as well.

However, when I am gambling I do not gamble dice too much and I prefer to gamble with sportsbooks which allows me to at least study and know what I am betting on which allows me to profit a lot more. Otherwise there is really no other difference between trading and gambling if you don't know what you are doing.
4662  Economy / Trading Discussion / Re: So are we in bullish times or Not?? on: February 29, 2020, 05:17:55 PM
Why you have been seeing such a news is because of the halving that will be taking place on May. And moreover if you check the price has been quite bullish, though the main bull run has not started. I don’t know what you are expecting when bull is mentioned, if you think that the price will keep going up every minute then you’re very wrong because that’s not how it works.

Bull run takes place randomly and when it happens the price will go up to a certain point and when it reaches that point it will stop and stay at that point for quite some time with a little fluctuation. That’s how it works, but there will be more of increase than the decrease there is in the market.
4663  Economy / Speculation / Re: Will bitcoin hit 15K in 2020? on: February 29, 2020, 04:27:23 PM
I guess the ability and the reality doesn't have to be the same. Don't get me wrong I think bitcoin will be over 15k by the end of this year as well however I am nobody so what I think doesn't really matter since I am not an expert or veteran or famous, yet I know the capability of bitcoin to go up and with halving done in May there will be enough time to recover from that and go a lot higher by the end of the year almost 6 or 7 full months and that is seriously enough time for bitcoin to go up in price like crazy.

Now it can, but will it? We may not know, we are talking about how bitcoin CAN be 15k but we are forgetting bitcoin CAN be 5k as well, it has a capability of going to 15k as much as 5k too.
4664  Economy / Speculation / Re: S&P took quite a hit today on: February 29, 2020, 03:53:17 PM
Media is a double edge sword, you may not want to watch regular mainstream media on television to get your information which you are definitely right because they are doing whatever type of news their owners want and that's it, they are not doing anything that is real or truth because that usually doesn't work out for the news neither so they are basically just focusing on the lies that would help them.

However, do not forget that there is no central organization that checks the facts of youtube channels neither so they can very well make fake videos and fake facts and make you believe in something that doesn't exist as well. Not saying the video you watched is like that but there is always that risk and you should always be careful.
4665  Economy / Speculation / Re: Bitcoin needs to be in a bull market before the halving on: February 28, 2020, 04:26:24 PM
It doesn't need to do anything but if we catch the halving on a bull that could potentially create some sort of wiggle affect that bitcoin may continue to go up thanks to it as well. I know that sounds unlikely to some people but when bitcoin starts to go up in price and something that will make it go up happens while it is going up usually 99% of the time the going up process goes for longer and longer and the price breaks a new yearly high. That is exactly what happened last year with the price going up but right after having the Libra talks helped it keep going up instead of stopping after a while.

So, the price doesn't have to do anything, it could even go down after the halving or before the halving but if it does end up going up (which I believe it will) we will see a longer bull all the way into the summer as well.
4666  Economy / Economics / Re: agriculture and bitcoin on: February 28, 2020, 08:42:51 AM
Please teach me how could I use a crypto for developing agriculture in my country?
Do you mean cryptocurrency or blockchain? Cryptocurrency is mainly for the purpose of transaction and investment.
So, if you’re referring to cryptocurrency there isn’t really much that can be done about it apart from investment.

You can create an online platform that will let people in your country to be investing on your farms with cryptocurrency and after the period that was set they will get their money back with the percentage profit. Then apart from that, blockchain can be used in few ways in agriculture like tracing how the agricultural products are being distributed to the consumers. There are lots of ways that blockchain can be useful in agriculture, as for cryptocurrency it’s just investments.
4667  Alternate cryptocurrencies / Altcoin Discussion / Re: What happens when everybody buys the bottom ??? on: February 25, 2020, 08:35:05 PM
Well, when something "bottoms" out that means it will probably either dead or it will go up, bottom up is not the end of the coins, dead is the end of the coins. So for example when bitcoin was around 7k this year that was actually "bottoming out" as well, it wasn't dead, it wasn't like STQ or whatever, it just bottomed out and it went up after that and today it is around 10 thousand.

So, bottoming out could mean two things, I talked about the first one like how bitcoin went down but then went up and didn't go further down, that is bottoming out, there is also the ones like you talk about, it goes down so much that it literally can't go down any further, it became so low that it is less than 1 satoshi, it is less than one etoshi it basically is gone, those are bottom outs as well.
4668  Alternate cryptocurrencies / Altcoin Discussion / Re: What are the best project for investing in 2020? on: February 25, 2020, 08:05:57 PM
I would say the best ones are the ones you know of . If you have 1 bitcoin you have to ask yourself how did you get that 1 bitcoin? Consider how you got it and if you could replicate that, even if it is your regular job that brought you this, could you do that at the side as well to make more?

If it is something you can do more that is the perfect way to make more money. If you insist on doing something different, you have 1 bitcoin why do you want something else? You know of bitcoin obviously which is why you bought it, are you sure you will know the other coins as well as you know bitcoin? Whatever you do, make sure you are doing something you are 100% certain you know what you are doing, if not then stay away from that and move closer to stuff you can be certain about.
4669  Economy / Speculation / Re: BTC restoring faith in bull run. on: February 25, 2020, 07:52:28 PM
Bull never went anyway tho? All these people who think just because we dropped a bit that means the bull ended or somehow even bear started (?!) are just trying to convince themselves about it, all the stats, all the community emotions, everything shows towards even a bigger bull run. The halving is just around the corner and I am sorry but nobody would be willing to sell their coins just as it is getting more valuable.

Inflation is dropping, the scarcity is increasing, miners are pushing, why would anyone sell at that moment? Price could go down of course when someone sells because of an important reason but you should look at what the general market is doing and not one time movements, one big whale maybe sold a lot to drop the price and accumulates lower? Who knows.
4670  Economy / Speculation / Re: Tom Lee 2020 Bitcoin to 30k on: February 25, 2020, 07:19:02 PM
This dude keeps saying higher and higher prices and for some reason people still make news about it. I mean do we really need to get one more article about tom lee? Should he be asked what he thinks bitcoin will do once more? Whenever you are in doubt what tom lee things (which nobody ever wonders) you can just 3x or even 5x the current price and that is exactly what he thinks bitcoin price will be like.

When the price was around $3k to $5k he was asked and he said $15k, now he is saying $30k, I swear to god if we ever reach to $20k price once again and he was asked what the price will be in the future, he will give a $60k to $100k answer to that as well. Dude is constantly bullish on bitcoin and always gives a 3x to 5x answer to the future of bitcoin prediction questions.
4671  Economy / Speculation / Re: Scammers move 12k BTC - dump is comming? on: February 25, 2020, 06:42:19 PM
That is the issue here, we do not see too many bitcoin hackers and scammers getting the punishment they deserve which causes them to continue scamming and hacking. If they had some sort of jail time or something like that in the nations they did it, we would see a lot less scammers and hackers, but since they get nothing, we gonna keep getting these type of people constantly.

Crypto not being too much of a legal problem for us and being unregulated and decentralized brings problems like this to the table, you are free from government most of the time unless you are a super rich person and that results with them being free from government as well. But when someone has 1 bitcoin and nobody knows about it, unregulated and decentralized system is good, when someone steals $12k that's a whole different topic.
4672  Economy / Trading Discussion / Re: How to choose correct coin for Day Trading on: February 25, 2020, 08:25:37 AM
In my opinion you can choose a coin that has a high 24-hour volume on an Exchange, my experience is that we can get quick profits by day trading with coins like that. If you trade on Binance then look at the top what coins have high volume, then choose it.
Choosing based on volume is the thing, I guess most traders are following because when a coin is having decent volume then it may not get dumped/pumped suddenly. But, volume along with more number of trades alone will give you exact right coin for day-trading because some devs will manipulate their own coin by showing big volume with the help of shit exchanges. In that case, we can easily figure out them by checking how many trades happened in last 24 hrs.

But, not all the exchanges are showing how many trades happened in last 24 hours. This may be the catch to traders to mislead them toward manipulated coins. It is always better not to go for day trading and even if you go just day-trade bitcoin against fiats as it will always have plenty of volume.
4673  Economy / Exchanges / Re: What do you guys think about Bitfinex? on: February 24, 2020, 08:02:55 PM
I guess when I look at this, I do not see a "scam" website, they are doing whatever they are doing publicly and not hiding it, they are telling everyone that whatever happens to them the customers will pay for it and they are totally fine with that, what happened after the 36% deal? What is going on right now?

There are still people who use it, which means maybe they do not scam anyone but basically have a bad business model that some people prefer. I mean if they did this secretly somehow or they basically did anything like take everyone's money, pay their debt and leave with all the rest of the money be in Bahamas or something that would be a scam but considering they took just what they needed and then simply continued operations, I can say I would never use it myself but I do see why people see it as a bad business model rather than a scam.
4674  Economy / Trading Discussion / Re: Why not decentralized exchange..? on: February 24, 2020, 05:33:31 PM
Probably the rate of collapse of decentralized exchanges higher than centralized exchanges. If you notice, even centralized exchanges are getting hacked or exiting by scamming traders money. So, failure of exchanges are happening everywhere not because of decentralized.

Comparatively, the centralized exchanges are new to our crypto community and we are not getting big business people to serve us  in the form of decentralized exchanges and this could be the reason why we are having frequent failure of the decentralized exchanges. As far as I am concerned, after the big success of ethereum and its smart contract features, we started to be having decentralized exchanges.

So, we do not need to worry about frequent failures of decentralized exchanges because it will take time for building some highly reputed decentralized exchanges to serve us for long periods like how coinbase is is doing for years and another good example is bittrex.
4675  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 24, 2020, 01:25:39 PM
Here's a cool little strategy I'm thinking of using: I currently have upwards of 3500 reward points.

On the rewards page, I'll redeem 600 RP for the 50 lottery tickets/roll bonus. I'll free roll every hour at least 12 times in the next 24 hours, giving me 600 lottery tickets in addition to the 300 lottery tickets I already have. Plus, that also adds 120 RP to my 2900 remaining RP, which adds up to 3020.

Using this strategy, it would be a significant boost to my lottery ticket count, and I could repeat the same strategy for the next 5 weeks to get 600 additional lottery tickets every week, boosting my chances of winning the lottery for 6 weeks running. At least one of them has to be the lucky one, right? Let's find out!

From my experience, no. Since the price for 1 ticket is just 1 satoshi, sometimes I succumb to the temptation of buying a thousand or two of them, but I've never won in the lottery, never took the 10th place even. And this is not surprising, because even with 20,000 tickets your win chance is still smaller than 0.01%.
I have done something similar back in the day and that was definitely worth it. I however did 2 reward + 1 free btc thing back to back for 3 days instead of doing 1 reward and 1 free. That way I built my reward points higher and spend the extra on the free btc, I both increased my reward point numbers that way AND also had the free btc thing as well increased so I was capable of profiting while still getting more rewards.

It required a lot of on screen time though so I stopped, I was doing 13-15 times a day which required me to be in front of my computer every day all day and that is not something so easy, I am a freelancer so I had a chance to stay at home and do this but even with that it got so boring that I felt in the end it didn't really worth the work I was putting in.
4676  Economy / Gambling / Re: Stake.com | Crypto Powered Sportsbook and Casino | 🎰 🏀 ⚾ 🏈 🎾 🥊 🎲 on: February 24, 2020, 08:55:08 AM
For 30 thousand dollars you could go to Paris for a week and vacation there and come back while visiting great restaurants and historical things, for 300 dollars you could have a decent weekend at wherever you are, so it is not "tiny amount for a rich person" when it gets bigger since if you are super rich there is still other stuff you could do with that money, which is why winning is still quite important.
Very true. Some people think that rich people are not blown away by amounts like $30K which is true in some cases, but this applies to the minority based on what I have observed. Majority of the them still go crazy when they win such amounts.

Majority of them earned money through their own hard work which is why they tend to value every single cent(Eg: Bill Gates), but a minority of them treat such amounts like nothing(Eg: Rich kids who never earned anything).

The money which you gain from hard work, you know the value of that money and hence you will never waste that money. The rich kids who are born with a golden spoon in their mouth, will never understand how hard it is to collect the money.
Same goes with gambling, if anyone win big from gambling, that is called easy money and they will not know the worth of that money.
I doubt the difference is like that when it comes to people who earned their money versus people who inherited that kind of money. Of course there is a big difference between those two type of people but we are talking about someone who wagered over 30 thousand dollars on a sports bet here, so I doubt there is much difference between him and anyone who spends their money without a care in the world, dude is basically one of them.

I doubt even today Bill Gates wouldn't spend 30k on a sports bet, he wouldn't wager it, he spends billions on charity but would refrain from gambling it. So this dude could be hard worked to earn his money or lucky to have his money but in the end he is a degen like us who likes to gamble as much as he can afford as well, the only difference is, he can afford a lot more than us.
4677  Economy / Economics / Re: Using of Blockchain in Election on: February 24, 2020, 07:49:10 AM
Yeah blockchain voting isn't a very good idea. The issue is that someone can get hold of someone else's keys or companies could ask their staff to hand keys over or something else like that - which may go unreported...
No government is going to implement these blockchain technology based voting system right away with the current-state where it is today. We have super brains and super cops to fine-tune the system from its today's state to possible "production-ready" state.

It is too early to conclude like "it has flaws hence it may get misused; let's stick with what we already have". Technology will self-reevaluate to make us adopt them without complaining till then let's watch or if possible let us contribute toward building them rather than criticizing.

I completely agree that deploying it in a large scale immediately is a horrible idea, but a few breakthroughs here and there could make them plausible in the future.
Yes, this is how we do have new systems and technologies. I strongly believe the concept is more important and making it practical/implemented will happen over the time by slowly eliminating all the pitfalls.
4678  Economy / Economics / Re: Gold vs. U.S. dollar on: February 23, 2020, 07:25:07 PM
I can sort of understand those situations and why gold lost its value but right now gold is not used for coins anymore and it is used for other stuff plus it is mainly an investment. There is no more black plague level of threat to humanity and even if there was the world is not bigger and more connected, so if something happens in China like corona, everyone else knows about it in the world and takes care of that before it spreads so it doesn't become black plague level of thing.

I doubt we will ever find a huge amount of gold anywhere that will drop its level on earth anymore neither. The only possible thing that could ever happen is if we master asteroid mining and get gold on some other system and bring it back to earth and that is easily decades more for something like that.
4679  Alternate cryptocurrencies / Altcoin Discussion / Re: Too scared to go for altcoins? on: February 23, 2020, 04:11:29 PM
I had invested in bitcoin gold and cash, but for now it seems I don't really want it even though their coinmarketcap ranks are pretty good and are widely used by the community/investors because there are many other altcoin options that can get a lot of profit. And maybe in the future there will be some other altcoin (bitcoin forks) that will appear. Cheesy
There already are hundreds of forked coins so I am not really sure if we would need any more forked coins in the future as it would only flood the markets with same specification coins. Many people trust these coins because they are been forked from bitcoin and they might even have a chance to make enormous price difference in the future markets but most of such coins might even have a dump anytime.

There are a number of other potential coins which have been dominated the markets since long time which can give us stable source of income so why to go for a riskier investment? I would prefer investing into ETH, XRP, TRX, ADA, etc rather than putting my capital into these forked coins.
4680  Alternate cryptocurrencies / Altcoin Discussion / Re: Reason behind ALTCOINS not bouncing Back on: February 23, 2020, 03:41:21 PM
In fact, there are many reasons and no one knows exactly what the reasons may be for this. We seem to have begun to forget that the market is unpredictable, and if now we are in decline, then literally in a week everything can change. And this often happened in history, we just forget about it immediately, because everyone cares only about what they can get now from their investments.
The high volatility nature of cryptocurrencies never allows us to find an exact entry or exit point. This is where majority of the traders are trapped but those who have spotted the exact entry point would always have profits if they hold enough with their immense knowledge.

The markets would quickly go down as well as it might quickly get pumped so we should never expect stable returns at least until we gain some experience and learn how to spot exact entry and exit points. Many altcoins have turned red which might be because of the price pump faced by bitcoins as it usually makes most of the altcoins follow the opposite trend. But once bitcoin stabilizes, we can see altcoins growing back again.
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