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5061  Economy / Economics / Re: Bitcoin after several years? on: September 01, 2018, 08:34:23 PM
For me, I think Bitcoin in coming several years will be exchanged with something more way efficient that it and would be useful to use in any way like transactions and paying things.

I think your vision won't come true. Bitcoin will remain to be the first and the most well known cryptocurrency and will in time reach 1% adoption worldwide. This will give it the value of over 100 thousand USD per coin. I'm sure of it.
5062  Economy / Economics / Re: Should there be a tax on capital gains? on: September 01, 2018, 08:31:21 PM
IMO, capital gains is like double-taxation. You already pay your tax on your income and then invest your savings to the stock market or real estate. And when you get a profit out of it, you again end up paying tax.

I agree the tax should be a fixed one based on the amount. An easy to understand single tax preferably a property tax not an income tax because people can have no taxable income. You can collect cans and bottles or get paid in cash. Drug dealers, bums, gun traders and smugglers don't pay taxes. You want to spend the money on something like a car or a house, you can pay taxes.
I think that both income tax and capital gains tax should disappear.
5063  Economy / Economics / Re: Please, we should not totally eliminate fiat currency on: September 01, 2018, 08:25:16 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


Fiat would never be eliminated in any aspect of the economy. It plays a vital role in the economic growth and people knew it as the only currency to be used directly and easier around every corner of the world. Digital currency might be on trend but it can't replace fiat that easy.

Never say never!

Fiat can in time disappear because people don't need it. It's the form of payment imposed on us by the governments. Will the governments change their mind and allow us to get rid of fiat? Probably yes if they knew that we'd switch to a centralized cryptocurrency.
5064  Economy / Service Discussion / Re: Thoughts on Honeyminer? on: September 01, 2018, 08:21:36 PM
Core i7 4th generation with no dedicated graphics. Around 10 cents worth of satoshis a day, already uninstalled.

If this is what the application is capable of I'm not seeing a great future ahead of them.
Even if it were to be 50c with a god graphics onboard it's like nothing when you have to add fees and the power  bill. What will a good computer be able to mine? If it's $10 a month or less nobody is going to run it. I think it's getting popular now because people don't know the real numbers and want to try it out but the results are disappointing.
5065  Economy / Service Discussion / Re: Why after all this time is 'crypto journalism' so shit? on: September 01, 2018, 08:12:13 PM
There's still not that many people with knowledge of cryptocurrencies so they have to hire anyone willing to do it. The typical recruitment process gives you points. Since you can't have much experience in cryptocurrency journalism (there are almost no pro cryptocurrency journalists that got fired from their previous jobs) you're getting points for interest, presence, any previous experience in journalism. News sites like Coindesk are full of writers who don't know much about cryptocurrencies and are paid to look for news elsewhere and rewrite them. News from China are translated from Chinese outlets, news from India are from Indian outlets, news about plans of companies like Bitmain are rephrased tweets. He said she said articles based on gossip.
5066  Other / Beginners & Help / Re: HODL Reminder: Bitcoin Halving is just around 650 days away on: August 26, 2018, 08:07:20 PM
Why hodl if you can sell and get more coins by the time halving happens. Even if you're waiting for a trend reversal and not even thinking about distant halving it's still better to leave the market when it's heavily bearish. If you sold at higher prices like 8000 or 10000 you shouldn't buy now and wait for clear signs of reversal. I think there's a bigger chance that Bitcoin will go to 5000 before going up to 8 or more.
5067  Economy / Gambling discussion / Re: Gambling site access and italian regulations on: August 26, 2018, 07:59:33 PM
You don't blame the Italian government for making this kind of regulation and restrictions, could be that gambling are seriously affecting their youth negatively and putting restrictions in gambling sites are the only way to cut this down. There are also other countries that put this kind of restrictions on gambling. The only way to make this better in the nearest future is for gambling sites to put regulations and run in a way that will favor the government and them.

We should blame them because they are restricting people's freedoms. The government should help us handle our affairs, take some burden from our shoulders. We are paying them and they are making our lives more comfortable. That's their purpose. If they're blocking access to sites that are giving people pleasure and allowing them to have some fun it's starting to get bad.
Thank God we have VPN Smiley
5068  Economy / Speculation / Re: BTC: 2014 & 2018 comparison on: August 26, 2018, 07:56:21 PM
Seems that it is time to re-stock Wink

It can still go a bit lower. As you can see there's quite a bit of space between the two lines on the chart. It can keep going down until it touches the bottom in a month or two.

I also think that we shouldn't compare both charts because the timelines of every bear market are different. If you compare all big rallies of Bitcoin the bear markets lasted longer each time.
5069  Bitcoin / Bitcoin Discussion / Re: Where is 600 billion? on: August 26, 2018, 07:53:23 PM
I think it's back in fiat waiting to get back into cryptocurrencies or if it doesn't play out well it will leave the crypto scene and go towards something else like stocks. Many people who sold in bear market is still waiting for a good moment to go in. A confirmation of the reversal will be that sign for sure. Maybe some of this money is in futures?
5070  Economy / Economics / Re: Which form of investment has highest ROI? on: August 26, 2018, 07:32:32 PM
Real estate usd to be great. I know some people who were buying farmlands and converting them to construction areas with water electricity and sewer systems. Dividing the land into smaller patches and roadways and then selling to people as fully prepared construction land ready for housing. You could literally make millions on those deals but not anymore. The population isn't growing as fast and there are so many houses on the market that less people want to build a new one.
5071  Economy / Economics / Re: Crypto chip sales plummet on: August 26, 2018, 07:13:26 PM
Nvidia is not selling chips for mining bitcoin.
Those are all used for GPU mining, and GPU mining profits are crashing down.

The demand is gone, on a site listing similar to eBay but just for our country, I've counted last week more than 100 ads selling between 6 and 100 GPU rigs with all that you need to start mining.
With a 1080TI making ROI in 25 months, I doubt anyone is still interested in them.

Back in December, you couldn't buy a damn video card, everything decent was only available for pre-order, now every model is in stock on all websites.

That's what people should understand. The lack of interest in chips has nothing to do with bear market. GPU mining was slowly becoming unprofitable anyway and their 100m predictions must have been based on the value of cryptocurrencies growing beyond the 2017 ATH. They made their predictions on the last 6 monts of 2017 and projected the profits onto 2018. You can't do that if you want reliable data.
5072  Bitcoin / Bitcoin Discussion / Re: Crypto is dangerous.... on: August 26, 2018, 07:08:39 PM
Why are you generalizing and saying crypto is dangerous even though all you were involved with was some altcoin? Cryptocurrencies don't influence your life and decisions. They are nothing but inanimate objects that can be used by everyone in whatever way they want to. If you tripped on a rock, would you say rocks are dangerous?
5073  Economy / Gambling discussion / Re: Gambling vs. "leveraged" trading on: August 26, 2018, 06:53:17 PM
It has similarities as you don't have full control over leveraged trading either. But leveraged trading is not based on pure luck like most of the gambling games. I don't think it could be considered as gambling.
So when do you start calling something gambling? When you have 10% control? 5%? 1%? If you analysed gambling you'd know that some games are 100% luck but some are only 50% or even less. Are some of them gambling while others are not?
In my opinion if there is some amount of luck involved it's gambling.
5074  Economy / Economics / Re: how many coke cans you can buy with one dollar in your country? on: August 25, 2018, 08:25:12 PM
I've been travelling around Europe and in most Euro countries you can usually buy 3 for 1 euro, which is a bit more than a dollar. So In europe, depending on a country is something like 2,5 cans per dollar. Of course it depends on the can. I've seen vanilla coke in Germany for 1 Eur per can! That's not even 1 can per dollar.
5075  Bitcoin / Bitcoin Discussion / Re: ETFs are gone, now it's Bitmain IPO? on: August 25, 2018, 08:19:22 PM
ETFs aren't gone yet. we got rid of some of them, but there is still shitshow to come Cheesy
I  say shitshow because I seriously doubt that SEC is going to approve any of them and as they get rejected we may see some drama and some panic sell. although I am not able to say how big that drama and panic is going to be but there certainly will be some of it.
I also doubt that Bitmain IPO has any impact on bitcoin price. if you have any arguments against it I would love to hear them, of course anything except "it is bitmain and it is big in mining bitcoin".

The biggest ETF is still awaiting decision. The ETFs that got rejected were smaller ones that weren't planning to buy Bitcoins. Even if they would get approved it wouldn't change anything because people would be sending them fiat money to bet on bitcoin's price, without even touching it. Who cares about someone somewhere betting fiat to get more fiat?
5076  Economy / Speculation / Re: Will Bitcoin continue to fall this year? on: August 25, 2018, 08:15:39 PM
I think it will keep stable until the end of september and after this it will start rising again.
I think it will all depend on the news. Bitcoin doesn't grow by itself. It depends on the economy. If ETF gets approved and there's no negative news we will go up. If not we could go as low as 4800 which would be in proportion to the 2014 and 15 bear market. Now we are still much higher when compared to 2015 lows.
5077  Bitcoin / Bitcoin Discussion / Re: Hard disk capacity will become a bottleneck in the development of Bitcoin on: August 25, 2018, 08:13:07 PM
Is 200GB a lot? It sure was in 2009 but now? I remember when I had my old computer with 15GB hard disk. That drive costed me close to 100 USD. Now for 100 USD I can get a 3TB drive. Times are changing. This is a quote from Forbes from over a year ago.
Quote
The list price for the 3 TB BarraCuda drive is $99.99, making the price per GB $0.033. This gives us a benchmark price for raw HDD storage today.
Generally it will cost you less than 10USD to store the whole blockchain on your computer. That cost will grow but not by a lot. Maybe next year it will be $12. Is that a lot? Not for me.
5078  Economy / Economics / Re: ETF rejected on: August 25, 2018, 08:05:20 PM
This ETF issue getting bigger and bigger. I think ETF will not make a contribution to Bitcoin's future. On the contrary, it can even suffer long-term damage. The important thing is that Bitcoin is very dependent on such news. It is not good.

Does anyone really give a fuck about this ETF issue anymore? I remember when the proposal was rejected for the first time (it was in January-February, 2017 if I'm not mistaken), Bitcoin crashed like 20% from 1200 down to ~900 dollars within a few days (though there were a few other factors at play back then). We all very well know what happened next. So I don't really think market is set to react somehow on the rejection since this is what everyone expected anyway. I wouldn't even call that pricing in simply because nothing has changed to be priced in.

On the other hand though, if such an ETF was approved all of a sudden, despite all odds, that would be a damn breaking news, and we would see prices go exponential faster than greased lightning.

I sure don't give a fuck and the market seems to be getting more immune. The first rejections caused huge dumps but the recent ones ended up in a short rally instead of a drop. I think it's good that more people realize we don't need and ETF to exist. Bitcoin is here since 2009 and went from a few dollars to 20000 without ETF.
It will rally again with or without it, but I still think that we will have it approved next year.
5079  Other / Beginners & Help / Re: How many dollars i must have to begin trading ?! on: August 25, 2018, 07:47:11 PM
I wouldn't start trading without at least 10k USD. If you want to know your limits enter with a low amount (100USD) and see how much you can make in a month. If you end up with 110 USD you'll know that it's possible for you to make 10% a month. I know that I would not make more than 10% especially in a bear market so I'd need to play with at least 10000USD to get get decent profit. The more the better.
5080  Bitcoin / Bitcoin Discussion / Re: Samsung says that smartphones are the safest way to store cryptocurrencies on: August 19, 2018, 09:33:50 PM
although it is indeed the safest way to store crypto assets
but still if the user does not store the passphrase or private key, when the user loses their smartphone they also lose their assets

You can always keep a paper wallet at home or have another wallet on another device so that if you lose the phone or somebody steals it from you will be able to move the money before they're able to crack the wallet. I wouldn't keep huge money on a phone. Some spare change for everyday use, nothing more.
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