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5021  Economy / Trading Discussion / Re: Why not decentralized exchange..? on: March 21, 2020, 06:04:20 AM
decentralized is a little difficult to use, while centralized is easy to use. I think this is the only reason for which there is not much volume.
Usage difficulty is again subjective. Some advanced users are comfortable with the tits bits and like to use every option to vary their trades for the sake of experimentation. Though every UI seems difficult at the first time use, it grows on you with time.

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You know how important the user interface is
Even with a poor interface a CEX can be run easily. BTCAlpha is a mediocre design exchange but it is enough to do the trades while going to Etherdelta for the first time will be hectic for the trader. These things get better with usage from that person and not important when comparing CEX with DEX. The bigger question is the trust issue of DEXs and shutting down of DEX on exit scams - what happens to the money which was on site's wallets then?
5022  Economy / Economics / Re: How many people have been panic selling? I didn't. on: March 20, 2020, 08:21:37 AM
I am also not interested to sell my bitcoins at this time until if there is a real need to sell for medical expenses or something like that.
Dont hesitate to sell some bitcoins for expenses. You should not compromise on investments vs necessities. The health always comes first because only if you are alive and healthy can you invest properly.

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But I am seeing many of them were interested to buy bitcoins now in my friends' circle but myself neither tried to sell or buy at this time. Building a strategy form myself to recover from the profit loss for the past few hours.
If you have spare cash at hand and not drawing any money from any emergency fund then it can be a good time to buy coins at this time. People have sold to cover expenses so you have to be careful how much you spend but dont compromise like I said.

After every natural disaster make sure to keep 2-5% of daily earnings into an emergency funds or more if you are able to. These things are necessary to survive properly.
5023  Economy / Gambling discussion / Re: Crypto gambling websites need to add self-control functionality! on: March 20, 2020, 08:18:54 AM
Maybe it's been useful for some and actually I once use that feature in my nitrogensports account, I prohibited myself from accessing the dice game because I always loss money on that game and it really work well, and that time I was afraid to create a new account as I don't want my main account to be compromise.
If you can stop yourself from accessing the account then you dont need to block your account.

The casino does not force a player to play. It is a service provided by the casino like any other service like a merchant. The habit of gambling is present in every human and thus it is important to control that. Casinos will always be there because running one is a flourishing business but self control comes from self and not by other people.

Of course the casinos provide a system to allow you to stop but in order to keep your hidden desires happy, it has been made in such a way that it is circumvent-able. So the bottom line is that you have to control yourself.
5024  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exchanging altcoins for Gift card on: March 20, 2020, 08:11:57 AM
Believe me you aren't going to see a fair rate that's why I don't like exchanging gifts card to coins or vice versa, the rate is always too much, last time I used paxful I lost my card and never received any coin
You should complain to Paxful if they have any customer care system or any trust system. Otherwise post about this in the "Scam Accusations" section and you might see some help coming in from other users of this forum.

To the OP, I dont think there are too many merchants accepting altcoins directly. You can try using shapeshift after passing their KYC/AML and then using it to convert to bitcoin. You cannot expect to get every new ICO coin to be listed on every merchants payslip, but bitcoin has a higher chance of being there as well as the top 3-4 altcoins.
5025  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying low selling high ain't always successful on: March 20, 2020, 08:09:17 AM
In fact, people trend to choose new coins because these are more profitable coins and people will be very interested when a new news comes out.
Compare it to the IPOs of stock market. They attract value from venture capitalists who will buy them at premium and then sell once they get listed. Its profitable but thing is that IPOs get listed at a specific time and there is no discussion of having to look out for an exchange to list them. ICOs get some bad points here if you compare.

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However, in investment I often consider very carefully before deciding because not all new coins can increase prices well during this time and depend a lot on this market. Of course, if it were me, I would sell the old coin and choose a new coin because if the old coin cannot rise, you will continue to live in misery.
You should not think that a new coin is going to b big in future in this sector. This is because already the sectors are saturated and not being able to develop something that has an inherent market is common. It takes time to make a system popular enough for common people to use everyday and this wont happen in a 2year scheme.

Hence if you want to trade, do it with the older well established coins. Buying low and selling high is always going to work provided you are doing it properly.
5026  Economy / Scam Accusations / Re: Loan Default - theyoungmillionaire u=1180530 on: March 19, 2020, 07:25:27 AM
Even if a thousand "Sorry for your loss" messages are posted here only the lender knows how sad and painful this process is.

Having to message your borrower once a while every week to remind that person of the repayment date and amount and slowly seeing the signs of life go away from their contact source is painful deep down. I know this because I was once a lender on another forum.

You cannot trust anybody on any site regardless of how well known or well trusted they are. You can only trust on collateral, though my intention is not to demean the lenders giving out non collateral loans because I know that people rarely come up with collateral and you have keep your business running.

It takes a few seconds for them to change their nature and whatever problem the borrower may have fallen into does not change the fact that they ghosted their lender. This is tough for a lender who is also has to do an internal conflict of being a stern loan shark and being compassionate to their borrower because they are the customer.

Flag supported.
5027  Economy / Trading Discussion / Re: Cryptocurrency trading with flash loans on: March 19, 2020, 07:17:47 AM
This kind of loan transaction is uncertain,because until now almost all lenders requires proof of properties as collateral including sign of contract so its new which is unfair to other company.
There are companies allowing you to get a loan with cryptocurrency as collateral. Maybe in future we will see companies giving bitcoin loans for fiat deposits as collateral just like the banking system does. People need these loans for trading so there is a market to develop on here.

why not try Margin Trading? You can borrow funds and you can trade more than the amount that you have on your account. It is a different concept but the results were the same. I haven't heard a crypto exchange that offers that kind of services but some wallets like NEXO offers loan services but it needs crypto collateral.
The OP did not respond but I think this was what they were asking for. Leverage trading and margin trading is what was could be made out from the OP. Even then a loan shark's loan to trade is also possible.

But the more secure option for a loan shark would be to ask the borrower to borrow from the broker, that is margin.
5028  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH price, bears took control? on: March 19, 2020, 07:13:20 AM
Yes you are right but not totally right, how? Not only ETH is affected in this case, even Bitcoin was affected other good coins were also affected, so i see it as a thing associated with bear market, which is, when it sets in, hardly is any coin spared.
It is because bitcoin is the major source of money for buying and selling the altcoins. Entry of fiat is limited here and thus this association.

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Furthermore, being the numbers 2 in the crypto market shows the team is doing something right.
This is a flawed opinion. The one you are seeing as number 2 or number 1 or whatever is because of the market price and volume. They are not an indicator of the usefulness or development of the coin.

Whether one coin will be worth buying in the future is questionable if there is a sudden increase in price as well. Though for ethereum maybe a mid term sell would be a good option. So for that this is a good time to buy and keep in stock. Same goes with bitcoin.
5029  Economy / Gambling discussion / Re: Longest Break You Have On Not Gambling on: March 19, 2020, 07:09:32 AM
Playing gambling everyday is still good ,
Is it good or bad is a personal moral decision. Economic effects of gambling for long is bad and so are the health and social problems.

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they have streotyping when we know a player play everyday and we think and judge them like addict but the true addict is they play everyday plus they using more money and they lend money to others too.
In that way no one can be declared as an addict. The points in favor of being an addict outweigh the the points against against it. Nobody wants to shame others by calling them an addict but the important thing is to identify your addiction and control it.

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Vacation is really important to relax yourself.
This is debatable. Some people actually go on a vacation to gamble as a mode of entertainment. This is for the casual gamblers who are not addicts and doing it once a year for fun.
5030  Economy / Gambling discussion / Re: For those who wears a signature of gamble service campaigns on: March 18, 2020, 06:57:25 AM
It is everyone's wish whether anyone plays or not. I myself have lost by playing, only one who has good luck can play. Everyone can try luck, if luck works, then keep going(playing)
The money earned is the member's to keep. How to spend it is their choice. Because many of the members here are also gamblers they are going to sign up on the casino and spend some money there. This should be a pretty normal phenomena because the person advertising it knows the pros and cons of using the casino and thus they are making a informed choice.

Bitcoin use is maximally on gambling and trading. Very less use in daily necessities like groceries and merchant payments. That can also correlate to campaign earnings being spent maximally on gambling.
5031  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the new method of "Initial offering" this year? on: March 18, 2020, 06:49:41 AM
I mean does it really matter? Grin

There will always be a initial blah blah blah offering to offer to the hungry investors ready to give their money to scammers and allow them to buy lambos instead of investing their money in bitcoin for their own lambo. Blame them for being stupid, not the scammers because they know what they are doing since a long time now.

Just change the name of the system and fool the noobs who are wannabe get rick quick ones. Sucks to be those people who put in 100$ in a 100 projects and then expect 100x returns.
5032  Economy / Service Discussion / Re: Banking issues on: March 18, 2020, 06:46:51 AM
The banks have to keep track of who is selling and buying these assets. Things are better though in UK and US than many other countries while some have actually banned to use of cryptocurrency and its trading in any form. The main risk is that of possible criminal activities like money laundering that does happen through the abuse of the pseudo-anonymity provided by bitcoin.

However banks also want customers and as long as we are doing these things in the legal manner there should not be any raised red flags. It can be a hassle but trust me, you would not fall into trouble as long as you comply with what they have to say.

Local users can give you a more detailed "crypto-friendly banks" in your country if you need to change banks.
5033  Economy / Service Discussion / Re: How to convert Indian Rupee INR to AdvCash or Payeer???? on: March 18, 2020, 06:42:57 AM
Your best method would be to ask in the Indian local board. There we have some trusted users who would be willing to do a trade. You should use an escrow anyway because there is always a chance of a scammer trying to rip you off or the risk of the of the other party in case you try to reverse the cash payment.

Now there is also the global Currency Exchange section of this forum where people from different countries visit to check listed trades but be sure to use an escrow there and never send first to the other party.
5034  Bitcoin / Bitcoin Discussion / Re: Beware of fraud crypto analysts! on: March 17, 2020, 05:14:04 AM
I think it doesn't make sense of successful traders to share their 'secret sauce' to many people thru Youtube right? So I don't know why there are people who still followed this so called experts trade and presented itself as if they are really doing good in their trading. I wouldn't even put 1 sat for those who claim to share their trades and help others become successful.  It's all scam!
You are correct. The fact that people believe such things said by self proclaimed people is a sign of stupidity of the people using crypto. Now there are some people whose prediction may end up being correct but these are luck by chance things and not always based on any fundamental or technical stuff.

Often the stuff said is just paid promotion of a project. If it is about an altcoin then one can be fairly sure it is such a propaganda. Better to always do your own research before investing.
5035  Economy / Gambling discussion / Re: Gambling is like day trading ? on: March 17, 2020, 05:06:12 AM
So we can say that short term trading or day trading is much better compared to gambling. Since it requires skills to do good in short term trading then with gambling.
This is somewhat debatable because trading does not some knowledge and skills to be able to make money. Now if you are talking about spot trading then these points apply. Again in options and futures you are literally gambling on the prices and placings bets for your predictions.

While the whole point is to make money you can see that long term holding is like a bank deposit getting interest when you sell your held stock. So that is a safer but less rewarding method.

Hence It can be considered as both a skill based speculation and a gambling method.
5036  Alternate cryptocurrencies / Altcoin Discussion / Re: Ins, a ghost coin ? on: March 17, 2020, 04:56:17 AM
I think OP is talking about INS ecosystem which was a marketplace for products of different companies ranging for soap and detergent to groceries. They had an ICO in 2017 if I am not wrong and then changed their name to Insolar and denoted by the ticker XNS.

They have a token swap described here:

https://medium.com/insolar/updated-and-improved-ins-to-xns-swap-terms-9a23e9ac02e0

Not sure if this was what the OP meant. Waiting for their reply.
5037  Economy / Scam Accusations / Re: Bounty hunters will never learn on: March 17, 2020, 04:49:47 AM
try to pay attention to the social media of the project team that you promote usually they have other photos, I usually use a search on google images and there are some images that are not displayed in search engines because they edit and make images feel different in search engines
They have grown to know better you know. Scammers are cunning so they know how we research to prevent being caught. What they do is modify the fake team image in such a way that the pictures yield zero search results on search engines.

Thing is the fools will always be fooled because human stupidity has no end.

Now the only way to stop being scammed by them is to stop investing in ICOs and stop hunting any bounties provided for them. If you are willing to take the risk and the anxiety thereafter then they can do as they wish.
5038  Economy / Gambling discussion / Re: Gambling: process vs outcome on: March 16, 2020, 04:11:11 AM
Even if how long you play, you cannot skipped for the process and directly go for the outcome. Even in gambling, I personally believe that the process is important because this is where you can see and where you can get a hint of the possible outcome of your game.
If it is a game like dice you cannot know the outcome of the game obviously because that would change the house. Of course for the gambler the playing induces the rush and often that is the good reason to play.

But the procedure will never give you any hint of the outcome but if you know something other than that do let us know. I am sure everyone will be curious. Because a game of chance that can be gamed will be interesting to know and will not exist for a very long time. Grin
5039  Economy / Service Discussion / Re: Do you prefer to buy bitcoin or do bitcoin mining? on: March 16, 2020, 03:56:03 AM
Bitcoin mining is considered a thing of the past, not a good option it takes a lot of time knowledge and money to mine Bitcoin now when if you buy you can do whatever you are doing and just look at the price from time to time.
I would not call it a thing for the past because the professional mining companies are doing it everyday, maintaining their rigs and upgrading their equipment. Maybe hobbyist miners are no longer here and this is normal considering the number of miners required to keep up with the difficulty.

Price checking everyday is a thing but it one of the things that a miner accepts before starting mining because price changes are an inherent part of this market.
5040  Bitcoin / Bitcoin Discussion / Re: How to improve the usability of bitcoin? on: March 16, 2020, 03:46:00 AM
This happens when others are convinced of the value of bitcoin well and buy it and financial dealings with it, as the establishment of new projects based on the use of bitcoin as a means of payment in exchange for obtaining some commodities contributes to strengthening the use of bitcoin and digital currencies in general and I see that this starts spreading in the current era.
It's all good but we don't see projects end up doing so much when they already promised some of it. Every project that said would enhance the acceptance of bitcoin ended up being a pump and dump of their own shitcoin. Maybe one or two were good but that's almost nothing compared to what failures we have seen.

The use of bitcoin again primarily comes in gambling and trading. So it's mostly the speculation markets. This may change and more merchants may accept it in future.
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