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481  Bitcoin / Bitcoin Discussion / Re: "First they ignore us, then they laugh at us, then they fight us, then we win" on: April 03, 2018, 11:55:34 PM
I can’t say that we are fighting however the quote is very relatable. Most have chosen to ignore bitcoin at first and when there was a hype just last year, they have been laughing because they are quite certain that people will lose their money with crypto. Now that many are profiting, this is when we win. They may as well be jealous of those who have profited, but they have chosen to ignore us and even laughed at us in the attempts to show it to them. Now it’s our turn to laugh.  Grin
482  Bitcoin / Legal / Re: Why has China declared war on bitcoin and digital currencies? on: April 03, 2018, 11:52:28 PM
China’s government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
Its kind a hard to tell where the stance of Chinese Government is heading at this moment. They are showing signs to embrace blockchain technology but they are uncertain with cryptocurrencies, maybe this year the game will change and their tone against crypto will be more welcoming.


I won’t call it an ‘embrace’. They may have not totally banned crypto, but they want control adn regulation over it - which is not a surprise. They want to have and utilize crypto, but they want it to be under their control and regulation. They will benefit and profit from crypto however their government will not allow such a decentralized wntity to run free within their country, not under their watch at least.
483  Bitcoin / Press / Re: [2018-04-03] Kazakhstan to Ban Trading Bitcoin as Well as Other Cryptocurrencies on: April 03, 2018, 11:32:35 PM
It seems that there are just plans of banning it yet no action yet has been made. For a country which is conservative, it's not going to be a surprise if they choose to ban cryptocurrencies. Perhaps they want to do so to avoid any involvement with cryptocurrencies since they want to ban any transactions, even just the purchase and exchange of crypto to their national currency. It's possible that their country is not yet ready to deal with crypto and has chosen not to have any affiliation with it. This is going to be at the disadvantage for the users within their country unless they find a way around it.
484  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think Bitcoin Cash will take place of Bitcoin? on: April 03, 2018, 11:27:03 PM
Hardly likely. I've seen this question over and over again especially during the hype over bitcoin cash and the answer remains to be a resounding 'no'. Bitcoin is very much different from bitcoin cash and in many areas, they will not be the same thus it is not likely to replace bitcoin. The price of bitcoin cash may have been doing well but this does not mean that it is going to replace bitcoin. Even when prices are good, bitcoin is far off from being like other altcoins.
485  Economy / Service Discussion / Re: Will exchanges have learnt anything from this bubble? on: April 03, 2018, 11:22:43 PM
It's normal to experience some difficulties especially with the nature of this kind of market. It's part of business to sometimes experience some losses especially for something as volatile as bitcoin. There may be some now which choose not to adopt BTC because of how risky it is for them to lose their money and after the hype last 2017, it has died down. All exchanges may do now is adapt to the situation. Having a coin which is popular may still be beneficial for them even if the price goes down significantly.
486  Bitcoin / Bitcoin Discussion / Re: New regulation in Thailand on: April 03, 2018, 11:15:48 PM
Just recently, another country has declared to impose tax for crypto trading as well so it's not surprising that they have followed suit. Other countries may do the same as well. There has been some negative feedback over it because nobody likes paying taxes but overall, I find it as beneficial for crypto-users. It is better than having a ban and the country is actually taking steps toward accepting crypto in their country. It may discourage some users within the country but I think trading will continue to take place especially if it is profitable.
487  Economy / Trading Discussion / Re: Still HODLing? There must be better way! on: April 03, 2018, 11:10:07 PM
I have read the article but didn't understand almost everything I think lol.
So the article is just suggesting balancing your portofolio, which is like diversity (?) which is one the golden rule while investing.

Investing $5,000 and split into 5 cryptos ($1000 each = 25%) and then change the value of these same 25% to 20-22-24% ?
..with a fixed amount of time between each rebalance.

Is it this?

Something like that... the OP's articles is a total mess and made with a sole purpose to advertise his 're-balancing service ' shrimpy.io/

I wouldn't fall on this.

Rebalancing is simply a strategy that realigns your portfolio with your target allocations. This means if you want 25% of 4 different coins, after a rebalance you will have 25% of those 4 different coins. Between rebalances, the percentages may drift, but after each rebalance your portfolio will be aligned once again with your target.

It's extremely simple and has beat HODLing by a large margin over the last year.

I agree the article was not meant for educational purposes. Educational articles generally don't seem to create enough interest. You are welcome to see our other articles we've published on other topics: https://medium.com/@ShrimpyApp. However, there is nothing to fall for. It's simply a free application that anyone can use to rebalance their portfolio. It's as simple as that.

Shrimpy Team

I believe that this is no longer foreign to most traders. The article would be informative and educational for those who have no idea of the concept yet and may utilize it as a strategy. Some don't know the importance of diversifying their portfolio and choose to just focus and one good coin.
 
However, this cannot be compared to HODLING. HODLING is totally different from this because by principle, you don't do anything with the coin when you HODL - you just simply store it in a secure wallet for a very long time then eventually sell once you're satisfied or have profited enough.
488  Bitcoin / Press / Re: [2018-04-02] Is it True that Anyone Owning Bitcoin, Also Own Links to Child Porn on: April 03, 2018, 11:04:40 PM
The subject question is absolutely absurd. I do not think it is ever logical at all.

Let us put it this way. We all know that traditional fiat currency has long been used and abused by criminals worldwide due to illegal drugs. Now, does it mean all people that use traditional fiat currency have links to illegal drugs? NO.

So you see, WE people should be careful of what we are saying because it surely affects other people's lives. It is irrational to generalize things, much more when it relates to sensitive issues like that of child pornography.

I totally agree. People have exaggerated over the matter and have been spewing out fire just because the matter involves child pornography. Some even suggest that bitcoin will no longer be used because of this news.

It is simply a dark side of the use of bitcoin, just like almost in all other things. Such as in fiat which has a dark side and from time immemorial, illegal activity is being done under the nose of authorities through fiat. It cannot be said per se that the use of fiat in itself is illegal just because illegal activities are made with it.

People can choose to access the content through the use of the blockchain, and this is when people is breaking the law.
489  Alternate cryptocurrencies / Altcoin Discussion / Re: Stop Crying about Crypto! on: April 03, 2018, 10:56:53 PM
It's their fault for buying into something they're not aware about. Had they known the risks, they wouldn't be shedding any tears.

It's not surprising that there have been some who are crying about BTC now because there are those who chose to buy bitcoin during the hype even when they do not know what bitcoin is. They simply bought it because it was said to be that they will gain profit and become rich by buying it. They now cry because the price has gone significantly lower than their buying price and now they have lost their money and they don't know why.
490  Economy / Speculation / Re: Why we may be stuck in the current range for long on: April 03, 2018, 10:52:22 PM
This is a bad thing for self-proclaimed "professional" traders blindly expecting short squeezes and new highs

The bad thing is people that only read half of what is right in front of them. I never said I expected it, I said it was one of two things that could happen. Closing your eyes to one side of the market is equally dangerous as everything is possible and you need to weigh the probabilities.

it's very nice when a person blindly believes in a crypto currency and does not even suspect about possible risks. Everyone who decided to link their destiny with the crypto currency should understand that he will always be at risk of losing his money or on the contrary get a good profit .

Well it's not going to be like this forever. Though i'm also not the type to go all in on crypto, i also think that in time, this market will make big differences in the lives of holders and believers. It just depends on how long you can hold your ground in times like these.

As I see it, there is a vicious circle of sorts. For Bitcoin, or any other coin, for the record, to gain traction in the real world and commerce, it needs to be cheap both in terms of transactions and just cheap in terms of price. Otherwise, people will be hoarding it but that will obviously lead to higher prices. But higher prices of a coin don't match the requirement of being cheap. And we seem to get stuck forever in this negative feedback loop.

Traders won't be able to gain any profit without this circle of sorts. If the price doesn't go up, then it won't go down and vise versa. Some people seek for stability but if we go for this, it's not going to be as healthy and this might make bitcoin die. Others think that stability is better than experiencing frequent fluctuations of the price however the traders I able to profit from this volatility. It may seem bad for traders to blindly expect for the price to rise however this comes with the risk of trading.
491  Bitcoin / Bitcoin Discussion / Re: Girls in crypto? Guys and Girls weigh in. on: April 03, 2018, 10:44:30 PM
I'm not really sure if I personally see any barriers that are holding women back from joining the crypto community.
For the most part, I think that our community is pretty welcoming to all people, so maybe it's just that cryptocurrency doesn't really appeal to to women?

That said, I have a couple of female friends that are actively investing in crypto, so I don't think it's right to over-generalize too much...

The best thing you could do is just try to involve more of your friends, let them know what's interesting about crypto for you.
I'm also not a big fan of women-only or men-only channels, people of all gender/sex/orientation are welcome in the mainstream crypto channels anyway.

It is simply not in the line of interest for women. I find that most of them are not interested about it. Some get curious at first but lose interest because it's too "technical" for them. Bitcoin itself is not sexist. It's totally accessible to women as much as it is for men so there's no issue on that. It's just that women choose not to use it for themselves voluntarily due to lack of interest.
492  Economy / Gambling discussion / Re: The most precise definition of gambling? on: April 03, 2018, 04:28:07 PM
everything has been described previously and common definition gambling is same for each people and betting = gambling it all same because money and luck had very important role at there even for hundreds reply on this thread the answers will same however what actually suppose OP has been make this thread
yep it's a common definition but gambling we all know that if you heard gambling the first thing comes in our mind is betting money. but for me gambling definition is the place where you gonna waste all your money and don't make income from it. it is based also in my experience. the only getting rich in gambling is the owner of the casino or what ever betting games you're playing.

Yes I agree, In gambling we just waste our money and waste our time. So useless and yeah we just help the Casino's Owner to become rich and make us poor. We can't take any good point from gambling.

That's sort of a blunt way of putting it however there's some truth into it. Most people just waste most of their money in gambling at the cost of entertainment. Casinos and gambling games is already a business industry which has made many people rich, however has made many poor as well. Also, there is a dark side to this business as it is rumored to be a way for drug lords to launder their money. Some casinos were actually caught and has been closed down because of their involvement with drug lords or other illegal activities.
493  Economy / Trading Discussion / Re: day trading for quick profit on: April 03, 2018, 04:17:29 PM
$ 50 a day is good, but I think trading is not that easy, you get $ 50 per day but tomorrow is uncertain. maybe tomorrow you will lose $ 50 or more. very high risk on daily trading. but if you love the challenge, you can try it and good luck  Grin
Getting a daily profit in trading is a bad idea. We all know that trading requires patience and intelligence when investing. To earn $ 50 a day, you need to do a lot of work and that only costs you money.
Why do not you try a long-term investment strategy? The risk will be high but the amount of money you earn after a successful deal is huge.

Although it's not advisable to rely on income solely from day trading, some are actually able to earn that much on a daily basis, but those go for very experienced traders. They also experience some losses because it is not always when they are able to make a good sell. They have no control over the market so during the bad days, it's possible that they won't earn even a single dollar at all, or even incur some losses if the price goes lower than their buying price.
494  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Does participating from an airdrop got you big rewards? on: April 03, 2018, 04:03:28 PM
You won't get much from airdrops because they only give out in small portions and most of these tokens don't even have that much value even if they reach the exchanges. Some don't even make it to the exchanges, so the airdrops don't provide much value at all. Airdrops were said to be profitable in the past, however it's not the same now and most are just a waste of time because you won't really gain much.
495  Bitcoin / Bitcoin Discussion / Re: Vitalik Buterin: I agree that Bitcoin is better than gold on: April 03, 2018, 03:35:22 PM
I personally think bitcoin is not better than gold, not at least now! If I exclude the other uses of gold like making ornaments, still gold is an excellent investment choice for capital protection. That is the reason why you will see gold price goes up every time, when the stock market crashes. because investors trust in gold and move their funds to that asset just protect their capital investment. Bitcoin has not yet replaced gold in that and I doubt it will ever happen. Bitcoin's price is highly dynamic in nature which makes it an excellent choice for the speculators. But when it comes to capital protection, bitcoin doesn't even stand in the queue.

Most people would prefer gold over bitcoin for now because they are more familiar with it and it's said to be more secure. Also, the price of bitcoin is more stable as compared to bitcoin's, which scares most people into considering it as an asset. Especially for those who are traditional and not so open to what is foreign and new to them, they would rather opt for gold over bitcoin despite the said benefits of bitcoin over gold.
496  Bitcoin / Legal / Re: Child Abuse Content Found On Bitcoin Blockchain on: April 02, 2018, 06:41:12 PM
I don't see anything wrong with that. It is not the fault of the blockchain. If someone wants to send or receive the photo, he will find a way to do it. It seems to me that the opponents of cryptocurrencies using any excuse to discredit the system of cryptocurrency.

When it comes to liabilty, the burden may fall on those who attempt to send and receive the picture. They will be the ones who are at fault. I’m not sure how they will be prosecuted, however its a wrongful act that should be punished. The use of blockchain in itself is not wrong. Same goes with how pornography and other illegal matter is being used through the internet, however it’s not illegal to solely use the internet which does not concern with anything that is not illegal.
497  Economy / Trading Discussion / Re: Thomas Lee Tells Investors to HODL on During Bitcoin Slumps on: April 02, 2018, 06:05:44 PM
No one can accurately predict the price of bitcoin no matter how much of an expert you are, unless you’re an expert fortune teller. Holding of course is the only option for those who can’t buy and sell or short trade, because judging the price trend of BTC, it is likely that the price will be much higher in the future. Just for the past year, if you hodl some btc, you would already realize some profits. Of course, holding will only be profitable if you are able to convert your btc into fiat.
498  Economy / Gambling discussion / Re: Does becoming a parent changes the gambler? on: April 02, 2018, 05:51:09 PM
This was the discussion topic we were having last night, a bunch of gambling friends and one of them an expecting dad. There were counter arguments that his child also would turn out a gambler like he is.

The arguments were that it is his in his gene and that'll pass on to his child, since every one in his family was a gambler.

The counter argument was that the child would make a logical decision and genes won't play any part in this.

Which brought us to another important question what if turns out a gambler would they both play together. Would he be comfortable?

Amid this he walked out and texted me he didn't wish to gamble anymore, so wanted your views on this.

I think that in this situation genes do not play any role, it's all about upbringing. If the future father refuses gambling and will not show his child such an example, it is unlikely that the child will gamble only because his relatives are avid gamblers. If the child becomes a gambler, the reason for this will be the social environment in which he lives, rather than the genetic characteristics of his organism.

If he does become a gambler, he will hardly want to do it with his father. After all, both will understand that this dependence is not very good. I think they both will be uncomfortable and the situation will be awkward.

Other factors will come to play as well, such as the financial situation of the family.

Normally, a son of a gambler would feel resentment for their father’s actions, and would choose to refrain from gambling all their life with the thought that gambling has ruined their life. This would of course be different if he had a different outlook toward’s his father’s gambling, such as if it was their way of bonding or it has improved their life for the better. It all comes down to how the son will deal with it, and react to it after.
499  Economy / Service Discussion / Re: What do you guys think of ice rock mining on: April 02, 2018, 04:51:46 PM
They are using the many promotion channel such as Google and Youtube bro. I have seen their promo video on Youtube bro.
I've seen a video while watching some replays of my favorite show on youtube. It popped out on my screen so I noticed it. I don't know if that is a legit or not, they have showed their "Ice Rock" place where their mining rigs are put on that cave. Whatever they are offering if it's a cloud mining I will just stay away from any of them.
they promise an amazing roi, do you belive its legit
It's too good to be true, just as others said. ICO + cloud mining.
I have seen such video and i would say the place would really be entirely cool but i would doubt if they do already think off on how to avoid such moisture into their miners? Too much cold would really give negative impacts too.I have remembered before that they are making some ICO due to these kind of project where they do create cloud mining and been wondering where they do get those good rates? Clues anyone?

The video could just be a ploy to make it seem like its real. At first, I honestly thought that it was really cool of ice rock mining to set up mining rigs in actual mountains, making them lessen their costs on cooling - without any prior knowledge on cloud mining and how they operate. This made me think that they are able to generate that much profit because they are able to save, and that they have a lot of investors. They have enough funds to invest on advertismenets, just the other day I saw an ad on a social media site. However, it seems to be merely the tip of an iceberg and their “amazing” roi is already a red flag.
500  Economy / Economics / Re: [ASK] How are you going to handle too much debt? on: April 02, 2018, 03:43:46 PM
It’s a burden to handle debt. As much as possible, it’s advisable to avoid borrowing or getting a loan if you can but if you find yourself in a sticky situation then the best you could opt to do is:
Liquidate your assets. This may be painful but you have to pay your debts first or else you’ll drown in it in the future.
Find ways to gain extra income if your current main income is not enough to cover everything. Then lastly, be polite to your borrower and ask for an extension if you can.
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