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4681  Other / Beginners & Help / Re: if my account has positive trust is it value pushed up? on: August 21, 2015, 05:04:58 PM
does the admins dont have any problem with this account trades ?

its fine with them as far as i know.
regulating account trades will be more of a problem as sellers will find other ways to sell it whenever they get caught

People have been openly trading accounts for a long time. See https://bitcointalk.org/index.php?board=93.0

One of the main reasons is to attempt ROI on a signature campaign. People buy accounts, enroll in a signature campaign and post to get their money back.

But as more and more people doing that the value of the account decreases, its just supply & demand.

If it continues, then it will push down sig campaign rewards aswell ,not only account value.
4682  Economy / Economics / Re: How do they calculate XBT exchange rates? on: August 21, 2015, 04:58:53 PM
I was having a look at this: http://www.xe.com/currencycharts/?from=XBT&to=KZT&view=1M

If Kazakhstan has no bitcoin exchanges then how do they work out those rates above? Is the dollar used as the standard?

Probably they use the dollar.

So if BTC/USD = 231.7
   
And USD/ KZT = 252.09

(you need those 2 pairs exchange rate to calculate the following)

Then BTC/KZT =  231.7/ (1/252.09) = 58,409.25       ----------->   (1 BTC = 58,409.25 KZT)

or BTC /KZT = ( BTC/USD) / [1/ (USD/KZT)]  = (BTC/USD) / (USD/KZT) =   (BTC/USD) / (USD/KZT) =BTC /KZT
4683  Economy / Economics / Re: Price has inertia, bitcoin price has upward inertia on: August 21, 2015, 04:48:33 PM
Random walk theory indicated that most daily buyer and seller actions cancel each other on the market, so long term wise the price would be stable without major change in market condition, e.g. price have inertia

Another explanation: Most of the people have no idea if an exchange rate is right or wrong: Why should gold cost 35.5K dollar per 1000g? No one knows, it is just a price they get from the exchanges, and they suppose this is the right price decided by market supply and demand

However, once they have this price information, when price rise fast, they will see it is more expensive now, they profited quickly, they will sell some. And when price dropped, they will think it is cheaper now, and buy some. Those actions will keep the price balance at a stable level


Bitcoins exchange rate can rise dramatically during a major rally. However, when the rally is over, it will usually stay at a much higher level, even without all the capital inflow support from the rally

This is because: When exchange rate is rising, mining margin is getting bigger, miners will add more hash power, that will raise the difficulty, and raise the cost of the coin, and the price become more reasonable

However, when rally is done, exchange rate is falling, there won't be same amount of mining power going offline, simply because they have already ROIed, or not everyone will sell their coin immediately for profit/loss. As a result, the network difficulty and the cost of mining now stays at a much higher level than before, which created a "it cost much more to mine now" feeling for every one, so people are less willing to sell

I found out that most of the people's market decision is based on their psychology, and cost is no doubt the most strong psychology support for valuation. This is not saying that the difficult and cost would never go down, it is just they don't go down as fast as they go up

Bitcoin price has upward inertia, as in a more math language, positive expectancy of price increase.

However the variance, is huge (due to imbecile development team's inability to reach a compromise), which and other events, black swans, causing bitcoin's price to always hit back 200€

I start to think that deliberate sabotage is happening , i mean what is the chance of coincidence?

First MT GOX, then SILK ROAD, then BITLICENSE, now the BLOCK SIZE? Man fucking saboteours are fucking up the bitcoin price deliberately!
4684  Economy / Economics / Re: Price stability on: August 21, 2015, 04:40:06 PM
Looks like the 5th scaremongering thread in the "Economics" sector.

Well I already told my opinion in the others, but what I tell here is this.

There is a liquid market depth for bitcoin, and if any imbalance is found (too much sellers), it will be balanced by market forces, and big whales will buy up all coward's sell orders (who panic-quit from bitcoin) and then they will hold bitcoin cheaper at a better price.

Just when bitcoin reaches 10,000€ don't cry like a baby that you sold at 200€, because we told you so that this is just a market manipulation to remove weak players from the game.
4685  Economy / Speculation / Re: Bitcoin Just Crashed on: August 21, 2015, 04:37:02 PM
Damnit another scaremongering panic thread. Guys just grow some balls, if you are so scared and panicked about bitcoin price going down, hit yourself with a bucket of cold water, then wipe it with a towel.

Then go into your garden and start meditating for 1 hour, then come back, and it will be alright.

In any case dont hit that red sell button, because then you are just part of the problem, and big whales will buy up all scaremonger coward's sell orders, and enter into bitcoin in a cheaper spot.

It's obvious that it's a market manipulation.
4686  Economy / Speculation / Re: PRICE DOWN on: August 21, 2015, 04:33:38 PM
I like how people are scaremongering, and opening up 10 threads about panicking when bitcoin price is down.

Look guys, it has already happened before, some coward weak players are exiting, so what? Bitcoin will never die, because the fact that so many people are panicked, just proves that people are very interested in it, thus after they hit themselves with a bucket of cold water, the price will go up Smiley
4687  Economy / Economics / Re: Alright , Time to Dump or Time to Buy ? on: August 21, 2015, 04:28:41 PM
Alright guys ,
the situation right now is not the best situation we ever had to be honest , I bet that this is because of the BitcoinXt and investors are afraid on their money and why not they have all the right for that right ?. What do you guys think people should do right now dump and just save their selfs since they can ? or simply buy right now because it's not going anywhere lower then this .

Lol are you joking?

Its time to buy in my view, since you will pray later that bitcoin price would stay low, once this baby kicks in, it will reach 10,000$ + ,and you will never see it this low again.

This is a gift from nature so that those who could not buy before, can buy now!

the likelihood of a $10,000+ value is more absurd than the price going further down below $200.  Repeating it over and over doesn't really help, it mostly gives noobs false expectations and makes people even more upset when they lose money dealing with btc.

It is not, considering that currencies around the world start to implode, i think its a  modest expectation.

China is devaluing their yuan, all chinese people losing 3% of their savings in just 1 day is pretty absurd, and they deal with 1 billion people.

Not to mention about stock investments vanishing, that in nominal values equals to trillions of dollars.


So bitcoin losing a few million $ is nothing compared to trillions of $ vanishing from all around the worlds stock markets, thus bitcoin is still much better than any other fiat.
4688  Economy / Economics / Re: Alright , Time to Dump or Time to Buy ? on: August 21, 2015, 03:16:46 PM
Alright guys ,
the situation right now is not the best situation we ever had to be honest , I bet that this is because of the BitcoinXt and investors are afraid on their money and why not they have all the right for that right ?. What do you guys think people should do right now dump and just save their selfs since they can ? or simply buy right now because it's not going anywhere lower then this .

Lol are you joking?

Its time to buy in my view, since you will pray later that bitcoin price would stay low, once this baby kicks in, it will reach 10,000$ + ,and you will never see it this low again.

This is a gift from nature so that those who could not buy before, can buy now!
4689  Economy / Economics / Re: Is it better to save money or invest it? on: August 21, 2015, 03:15:00 PM
Keeping money in a bank is gambling , not saving, anymore. (due to risk of bail-in is bigger than yearly interest)

Putting money in stock market is now free money generation, not investing (since there is no price discovery, and the central bank will buy any drawdown in price)

So its an upside world today, and I hope people realize the real meaning of the words "invest" and "save", because in this economy its not what it first looks like.
4690  Economy / Economics / Re: What can greece central bank do? on: August 21, 2015, 03:11:23 PM
Not to brag here but did anybody noticed Helleniccoin's massive increase?

http://coinmarketcap.com/currencies/helleniccoin/

About 10000% increase this week, looks like some greek guys are really getting into crypto (perhaps their central bank buying it? JK. Cheesy )
4691  Economy / Service Discussion / Re: Is there any game site to earn bitcoin? on: August 21, 2015, 03:08:36 PM
I saw tons of people working on decentralized games, for example MMO trading games, or roleplay games, but where cryptocurrency is the internal currency.

So when you play the game and earn currency inside it, you actually earning real money, which can be exchanged to BTC, and then to fiat or whatever.

(I tend to view BTC as a de-facto real world currency & real money already Wink )
4692  Other / Beginners & Help / Re: Did you earn some bitcoin today? on: August 21, 2015, 03:06:25 PM
Not today, today was a really slow day, I`m still working to get some referrals to my faucets, but its slowing down.

Besides my sig campaign is running well now, its a really good paying one!
4693  Economy / Economics / Re: Economic Devastation on: August 21, 2015, 03:04:09 PM

You said you were leaving  Huh

Earlier you said the real problem is low IQ people. Now you say it is centralization. So if only high IQ run the world, then centralization is the only possible outcome. So why are you bothering to even talk about what can't be fixed in terms of your logical basis.

That should give you a strong hint that your logical basis is flawed.

Scientific method is something you appear to not understand well. You quote a correlation between IQ and personal income. First of all, you should learn that correlation doesn't imbue causality, i.e. there can be other factors which may be at play and the correlation may not hold in every scenario past, future, and circumstantially. Secondly, if low IQ people are more numerous (hey its your assertion not mine!) then mathematically a higher number of lower income people can potentially have more economic impact thant a lower number of higher income people.

Things like that is where you diverge from reality. And there are many, many more instances where you've run aground and apparently didn't realize it.

Typical of you, just insults, and more insults.

My point was there that "power corrupts" ,yes that is the main issue.

The side issue with IQ is just natural law, you cannot do anything about that, that is irreversible natural behaviour.

But that in itself would not be an issue, if High IQ people would be moral (most of them are, yet the real powerful ones aren't), thus if they have power, atleast use that in a moral way.

Sure it can corrupt people if they have huge power, but there are the others who can stop them.


When a billionaire runs amok and starts to destroy things, it's not the little people who will stop him, but the other billionaires (preferably the ones with higher morality). Thing about that.
4694  Other / Beginners & Help / Re: Best way to earn Bitcoins? on: August 21, 2015, 03:00:45 PM
i think the best way to earn bitcoins from giveaway, faucets, trading and sport betting



True, but may I add also that altcoin giveaways are more easy. (BTC giveaways are banned in this forum anyway)

So basicaly you look for a brand new altcoin, and either look for faucet or giveaway from the dev. They usually give away some amount to newcomers.

Then just wait a few days , weeks until it gets to an exchange, and then change it back to BTC
4695  Other / Off-topic / Re: Let's talk about how hot Asian girls are. [NSFW] on: August 21, 2015, 01:41:58 PM
most of asian girls are wife material unlike..hmmm i dont want to continue this..i know that others felling will be hurt..

Wife material? Nah

More like harem material, I would like a harem of 50-100 of these beautiful girls Cheesy
4696  Economy / Economics / Re: Bitcoin or gold? on: August 20, 2015, 07:14:47 PM
I am sorry but I think you are mistaken, it is not racism being the reason why bank transfers are high. Don't think africa as a black country, africa is pretty big bro. The very reason why transaction costs are high is because the country itself charges that amount from its people, it then treats this transaction fees as a tax and uses the money they receive for whatever they do. The govt does that because they need more money as tax, not because they black Tongue

It is still a discrimination, black-on-black is also a discrimination, not necessarly a racist one ,but some other sort.

The point I was trying to make is that bitcoin doesn't discriminate you in any shape or form: no racial,no sexual, no religious, certainly no political, and no other type of discrimination is here, so it's the ultimate form of financial liberty in my opinion.

After all discrimination is a pretty big issue nowadays, yet nobody realizes that their own currency is their biggest enemy.

setting the drama apart, I think people don't want change, and they're rather scared of it. On the other hand, people who buy btc only buy it to make a good profit, very few want to nurture btc and help it grow to the potential beast it can be. The community needs to be stronger and people need to believe what they say, not just write because they are part of a sig camp Tongue

Well i`m here to feed the beast Cheesy

But joke aside, profit is relative, some people want a quick 1% profit, some want a 100000000% profit, and since the latter takes longer time, they will hold it, and nurture it in the process,

I dont think that if BTC reaches 10,000$ everybody will just dump it. It's more likely that if it reaches 10,000$, people will be proven that this coin will be here to stay, and people will hoard it even faster than before, especially wallstreet whales will get very interested.

So with this fueling it can reach 1,000,000$ easily of course only time will tell, but I feel that after next year's halving we will see serious movements in the price.

I guess you are wrong on this part. Some of them are stack their bitcoin high enough and need to wait this time to dump so they will get much much profit. Although it is somehow prove this coin is ready to become mainstream but still people will try to sell high and buy low again and it will always continue like that forever so no matter how much is it worth if some them feel that this is time to dump they will always doing that

But you cant sell without somebody buying it, and the same amount of sellers will sell , as buy at 10000$, so its funny that you dont know how the market works.

A sell order is the exact mirror of the buy order and both need to be there in order to a transaction to get executed.

What matters is, the imbalance between supply/demand, so that either they bid the price up, or ask the price down. Cheesy
4697  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEEL ** High-Quality ** Healthy ** Happy ** HEEL -> !!! ICO ON NOW !!! on: August 19, 2015, 11:19:26 PM
Is this a foot fetish coin Cheesy

It sounds funny, but whatever, i might check it out at yobit Cheesy
4698  Economy / Service Discussion / Re: Is there any game site to earn bitcoin? on: August 19, 2015, 07:52:16 PM
Mhhh, if you say "normal" game I can advice you freebitco.in, it is the best faucet and you can earn a low quantity of bitcoin. Or, you can try some gambling game, like poker, dice, sportsbook, etc. But you have to consult this to the "Gambling" section.

Sportsbook looks good in my opinion, it is one of the most popular and profitable gambling out there.

But then again Poker is also a nice way to earn big bucks, some guys won 100,000,000$ from poker tournaments, so poker is definitely a hot one!
4699  Economy / Economics / Re: Economic Devastation on: August 19, 2015, 07:37:49 PM
It's also noted that nerds, are underisable for women, yet they have the highest IQ, so it's obvious why humanity is so stupid, because nerdness is not sexually attractive. So they wont reproduce.'

While big macho grunts with no brains are attractive to women, and they will have 5-10 children, so the gene pool gets downgraded.

This is incorrect. The selective pressures going forward will increasingly favor nerds over "grunts"

http://www.dailymail.co.uk/news/article-1375720/What-women-really-want--money-Research-finds-women-look-paid-job-partner.html

Quote
Women may say they are looking for tights abs or a sense of humor in their man, but he had better have a health bank balance to go with it.

According to new research published yesterday in Germany, more women are using money as overriding criteria for choosing their partners.

http://bigthink.com/dollars-and-sex/do-women-really-value-income-over-looks-in-a-mate

Quote
For women though, if the man in the bottom ten percent in terms of looks earns more than $248,500, they will prefer him over the more attractive guy earning $60,000.




Well there are 2 things women want and need:  attractive man & resources.

Now socialism provides resources for women so they are not necessarly inclined to rich people, so they only look for hot men.

It's for note that socialism favors alpha-males, because alpha-males can conquer women without money (because they can just live on welfare) and only with their muscles and attractiveness.

Beta males have lesser luck with women and mostly only get MILFS , then they have to have bigger income to pay your MILF girlfriend and her kid.

But we know that this socialism wont last for long, or it should not last long.


So if the economy gets free without welfare, then "macho" boys will need to get to work, and earn money if they want to get pussy.

While beta males, are usually intelligent and they will earn tons of money and then get even more pussy then alpha males.


There is rivalry between males too, so it's not a uniform world in any case.
4700  Economy / Economics / Re: Economic Devastation on: August 19, 2015, 05:35:22 PM

An interesting back an forth. This is a deep and complex issues that is complicated by the horrible history of eugenics.


They do not have the moral authority to do eugenics, but they will still do it, if they have the power to do so.

Socialism indeed messes up the gene pool, and low IQ people are subsidized to reproduce in masses, while high IQ people have 1 or max 2 children, some of them don't even get children.

It's also noted that nerds, are underisable for women, yet they have the highest IQ, so it's obvious why humanity is so stupid, because nerdness is not sexually attractive. So they wont reproduce.'

While big macho grunts with no brains are attractive to women, and they will have 5-10 children, so the gene pool gets downgraded.

===

Of course it's horrible to cleanse the population because it violates basic human rights, yet the current model is also unsustaineable.

So what will happen in the future?
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