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521  Economy / Economics / Re: Can virtual wallets be confiscated by courts? on: November 30, 2018, 05:54:34 AM
I am just curious and have been googling on whether the law has rules about virtual wallets. Maybe I am just not really familiar with the technical terms so I do not understand well. Or I just didn't use the correct search terms.
To give an example, if you have debts or have to pay for alimony or something of the like, are virtual wallets included in your assets to be seized or something?
According to the summary of this article: https://www.acamstoday.org/real-considerations-for-law-enforcement-in-seizing-virtual-currency/
"The bottom line for law enforcement is that they cannot seize virtual currency if they do not recognize it and do not know where to look. Even if evidence of virtual currency is found, unless law enforcement is equipped with the knowledge and the tools to take secure possession of it, then it will not happen and criminals will keep their ill-gotten gains."
So does that mean that the law will not touch your virtual wallet in case of debt, for example?

Theoretically no, but in practicality it can be. The difference is can they prove you have bitcoins, if you are using something like coinbase for example and give your KYC information to them and make money and so forth, they will ask for your taxes and if you do not provide them that they will try to confiscate something from you, starting from more "real" stuff but can work their way into coinbase as well.

Nothing like that has happened as far as I know but doesn't mean it can't be. However if you are using something without any name that means nobody really knows you have bitcoins anywhere and they can't confiscate something they don't know about. Charlie Shrem recently got burned about it because he failed to pay a million dollars in back taxes whereas he bought a bunch of stuff with bitcoin. Nobody could trace his bitcoins but it is obvious he has some.
522  Economy / Economics / Re: Fire in the market: Bitcoin is below $4000 on: November 30, 2018, 05:22:41 AM
The market starts scaring the shit out of me. What the hell is wrong with the cryptocurrency market? What on earth is going on in the cryptocurrency market? I used to justify the recent market crash as a 'fake dump' but now it starts freaking me out! So, where do you guys think is the next bus stop for bitcoin? I'm thinking isn't this beyond 'hash wars' or Bakkt launch fake dump by the whales?





I believe bitcoins has bottomed out and it won't be crossing the resistance level of 3k, also the effect of Bcash war and Bakkt not launching now seem to fade away. This is a typical bear market phase which has paralysed bitcoins, and instead of moaning start acting and accumulate it. I believe it's only matter of days before a rally comes to bitcoins, as it always has happened after bottoming out.
I think the saddest part is that we are no longer shocked by the movements. I was expecting the below 4 thousand levels to be temporary and whenever it reached anything under 4 thousand the price would skyrocket back to a normal level, not like 10 thousand levels but about 5 thousand at least because under 4 thousand really makes it worthless to mine however if it stays like this for a long time people will stop mining and the difficulty will drop which brings another problem, easier to stay at these price levels compared to going back up.

Hence I think we should not be really accepting these prices, we should make the prices go higher enough to make it worthwhile to mine coins so we can actually stay around those levels, if we accept these prices it won't be going up anytime soon, either we react quickly or we stay here for a long time.
523  Economy / Economics / Re: How do you feel about market regulation? on: November 30, 2018, 04:52:14 AM
Personally I'm ok with crypto currency regulation. This just means that people with vested interests in crypto currency would be protected by tje law and by extension will be prosecuted if found of fraud or any criminal activities involved in such in return for paying taxes. But the thing is it should be pro crypto currency and not just getting taxed without any protection.
I`m ok too with crypto regulation, its transparent, available to all, easy to use, you cant compare benefits from decentralized system supported from all the people for people with centralized system where handful of people decide what is good for everyone, that handful of people is richer every year, while everyone else suffer from that kind of system, that has to end very soon.
It can be a bit of overdone at times. The difference between regulating stuff like stock markets and bitcoin is that bitcoin is decentralized and not tied to anything and loved by the people who would like to stay as anon as possible. For example I have never given any information about myself to any crypto place at all, I know there must be some people who can figure out who I am by searching hard but I want it to be a bit of challenge instead of giving it to people myself.

Hence when you try to regulate something like bitcoin it becomes a question of decentralization. Is something decentralized when regulated? If it is regulated, how can we call it decentralized? Bitcoin was suppose to be a global money for the people instead of one countries rule but people pay taxes with it, if you are paying your taxes, how is it decentralized?
524  Economy / Trading Discussion / Re: To-do list in a bear market on: November 29, 2018, 05:49:32 AM
'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?
As the old saying goes, "Keep Calm and Carry On". When you panic and react to the market you only make the whales happier. They do want you to panic and sell your bitcoins so they can gather more from lower prices and get richer when the price goes up.

The problem with bitcoin is the people who bought during 20 thousand dollar times, do you really think the rich people bought bitcoin at 20 thousand dollar levels? No whale actually bought during those times at all.

Also another trouble is the people who sell under 4 thousand dollars, who sells bitcoin under 4 thousand dollars full on knowing that bitcoin can be 5+ quite quickly any time. Why would you even consider that as an option? Hence I think we got rid of the 20 thousand dollar people but do not be scared of these prices and just keep calm.
525  Economy / Trading Discussion / Re: There is no magic in trading on: November 29, 2018, 05:17:03 AM
Its almost poetic. I however do not think that this was a hurdle we needed to pass before we can rise up again. This wasn't because of some market trouble and all that. This was done by some rich bitcoin whale who wants his own coin to rise up in the prices and sells his own bitcoin stash to supplement his own coin. Hence when you think of moving from one peak to another peak and you have to go down that hill first, this is not that hill. This is more like unforeseen avalanche of sorts.

Yeah you do need to go down a bit before you climb back up higher but this is not a climbing down, this is under a ton of snow because of an avalanche that was caused by someone yelling too loud or something. Hence the writing is amazingly poetic and I love it but not really what is going on right now.
526  Economy / Trading Discussion / Re: Panic? Where are the volumes? on: November 29, 2018, 04:45:44 AM
Such a big movement and there are no volumes of large ....What can it say?
There are almost no sellers on the market.It remains to collect the crumbs.

We all panic and cut loss is the right answer, no volume no profit we can get. Many trader/ investor fix their strategy by cut loss not easy for them but they don't have any reason to keep stay. There's no buy or hold anymore because every day the price goes down. Our asset doesn't have value anymore, don't complaint just leave the market.
Volume is even worse right now. People are afraid to get into bitcoin right now, even people who wants to sell and get out are afraid of the price going back up and correct itself one day and the people who hold are afraid the price will go down even further and no one really wants to buy bitcoin unless they are huge whales.

The volume being so low brings a lot of troubles with it because when a rich whale like Craig decides to sell all their coins the market collapses a lot faster because of the low volume.

When the volume is 25 billion dollars and someone throws in 500 million dollar worth of bitcoin nothing really happens because thats daily change in the volume but when it is 2 billion dollars like right now it kills all the possible moves and makes it go down in lightning speed.
527  Alternate cryptocurrencies / Altcoin Discussion / Re: Help me to take decision. on: November 28, 2018, 07:44:28 AM
You still give up, investment is not for you. You are more like a gambler than an investor. Such questions should not be heard by others, which will make you bankrupt. The current cryptocurrency is not the cryptocurrency market of 2015.
Anyone who is giving up right now is actually not ready to invest at all, or does not have the patience of an investor. It is pretty simple, a lot of people sold out on apple stock a long time ago with the feeling that there is no longer hope and here we are, as we see so many people today regretting that move.

When you basically know that there is a future for something, I believe the whole patience factor is something that will most definitely work out on its own, but if you are the type who is always in a hurry for everything, then that is where the problem starts as you will end up missing out eventually and definitely will be a regrettable one.
528  Alternate cryptocurrencies / Altcoin Discussion / Re: This bloodbath shows that more than 95% altcoin holders were just speculators on: November 28, 2018, 06:56:42 AM
We already knew that people who are interested in bitcoin are usually people who are trying put their fiat
currency into crypto currency and take out more fiat currency in exchange. That is not what bitcoin and crypto is, I have been saying this for 5 years now, yes it is important that bitcoin price goes up because we want people to get to know bitcoin and that is the quickest way for it but that happens only if you buy bitcoin, when you start to sell your coins price only drops and nothing else.

People should realize that there are more to crypto currencies than just putting money inside and taking more money out of it. I am sick of this understanding that we are in a stock market type of deal, we are not! We are in a revolutionary thing that could change the whole world only if you could stop thinking about your profits for a second.
529  Alternate cryptocurrencies / Altcoin Discussion / Re: You can start all over again on: November 28, 2018, 05:57:35 AM


 Yes, of course we can start from the beginning if we want to seriously jump in the crypto world, don't be affected by market conditions that have not been stable, still think positively for the future the results will be achieved if you are serious about finding results through this cryptocurrency
If I could start all over again I would probably focus on eth a lot more then I focused on bitcoin. I really didn't studied ETH at all and I was really around when it first came out. I remember going with ethereum classic those days and leaving that for some other stuff and never looking at ethereum.

I had a lot of eth stored in my poloniex account at one point, more money then I could ever dream of but sold all of it for dead cheap as soon as I got them. It is the biggest regret I will ever have. Could had millions of dollars during the all time peak and even if I didn't sold those days and either waited for it to drop or sold earlier I could still have hundred of thousands of dollars for couple cents.

Now I do not look at coins and say "I wish I bought bitcoin back in 2010 and sold now" type of guy but I literally had ethereum and sold it for dead cheap, it is different then wishing you bought because I had it.
530  Economy / Economics / Re: Recent crash on: November 27, 2018, 06:21:40 AM
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.

What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?

I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.

I think it is just a temporary thing for now. I do not think the price could stay like this for a long time. The reason I believe its temporary is the amount of sellers in the market right now, it is not as much as it used to be and the amount gets lower and lower everyday.

This hash war thing that happened and caused all this drop is almost over now and I do not think they are selling anymore, which means they will not be here to keep the price low when it goes back up. Plus the miners at bitmain will start to realize they can now start selling their mined profits a lot higher and they will remove their sell orders as well.

All that combined equals to people who would like to buy bitcoin at these prices but people who are not willing to sell at these prices which will make the price go up very soon. Probably by next week.
531  Economy / Economics / Re: Warning - The price will drop more on Black Friday! DO NOT Panic. on: November 27, 2018, 05:32:08 AM
Just a little reminder for the Bitcoin price watchers! The price will drop slightly today, because a lot of people will be buying some goods and services with some of their bitcoins. These bitcoins will increase the supply of bitcoins on exchanges and we might see a little drop in the price as a direct result of that.

So DO NOT panic, if this happens today.

We hope that people will be motivated by merchants to buy at a reduced price, if they use bitcoins as the payment option. This will balance out the over supply of bitcoins, when there is a increase in the demand for coins.

So Bitcoin merchants, offer some of those large discounts to people who only use Bitcoin as a payment option and see how the price will increase.  Roll Eyes

Hope this makes some sense.  Tongue
It makes incredible sense. I did see a little drop in the price today and I didn't really considered the black friday reasons for it. Probably people have been cashing out bitcoin for days now in order to get their orders in for black friday deals. They might even continue to do so until cyber monday is over.

Cyber monday is not something we should forget about neither because people who are into crypto are the same people who are into cyber stuff as well and would take advantage of the cyber monday prices. I think it is genius that you figured this out because even though I knew both things (bitcoin price dropping AND the black friday existing) I never put them together and realized one caused by the other. We will have to wait until next week on tuesday and afterwards to see what will happen and how much it will recover.
532  Economy / Economics / Re: would you give your fingerprint or eye scan for a fair money supply? on: November 27, 2018, 05:00:59 AM
I am creating a money supply which distributes duration to addresses but need a way to verify each person has only one account

would you give your fingerprint or eye scan for a fair money supply?

see https://en.wikipedia.org/wiki/Time-based_currency
I wouldn't give my name. Literally just my first name. Whenever I join an exchange or get a new coin and what not if they have KYC I get away from that as further as possible. I am not sharing my first name with anyone for a chance to trade my coins, there is no way I would give my fingerprint or eye scan for money supply. You would have to convince me that I will not have to work ever again in my entire life to allow doing such a thing.

I literally do not deal with phone sellers even if I like what they are selling and instead go to the store myself to get it if I like the product instead of ordering from the phone. You should not underestimate the privacy issues people have with the current world before you try to start something that makes it even worse. Look at facebook, they have been under investigation for a while even when they do not have any fingerprint or eye scan type control.
533  Economy / Exchanges / Re: Do you think that crypto exchanges are dead? on: November 24, 2018, 06:20:59 AM
One thing you need to know is that ideas never finish. When you think this is over, that’s when you will start to see plenty of new ideas. And of course, some ideas might be similar but they will always try to do something new and a bit different than the old one. And when you see the new style of which they have chose to display that same old idea, you will prefer it than the other. So people never run out of ideas.

Trading site can really be dead if no users,traders and investors use their site like the btc and alts will not move or will not grow so they will force to close their site still i think we have a lot of good trading site here for investment so you can avoid to not use the not good trading site then if you not really trust some trading site you can use some wallets here like coinomi,hardwallet and more like save your btc and alts there that you use for investment
Not having new ideas is not even it. I think any new exchange would be able to compete with the others if they do the right thing and offer good services to traders and investors. People like to try out new things despite that most of them are afraid that it’s likely to be scam, but when they try it and see that it is safe then they will start to spread word about it. But I’m not the type of person that goes from one place to another, once I get what I need I will just stick to that.
534  Economy / Trading Discussion / Re: Learning day trading on: November 24, 2018, 05:37:31 AM
How are people learning how to day trade? What are you methods?

Personally I've done the signal groups etc but found them very hit and miss. I'm not good enough to do my own TA (and can TA really help for day trading - no idea?).

Only method I've found that I find works was taught here: https://discord.gg/nCmjwmQ

It focuses on getting in and out of v.high volume coins as they naturally fluctuate.

Cheers!
Trading is not an easy thing to do and you also need a lot of money before you can start trading. I have seen a lot of people ask questions on how much they need to start trading and to be sincere you need big money to start  that’s why it is not meant for everyone, cause when you don’t have much, you will be limited on the number trades to take.

As for how to learn trading that’s no longer a hard thing cause there are lots of articles online to help you learn everything you would like to know about trading.
535  Economy / Trading Discussion / Re: THE NEXT MARKET MOVEMENT. UP OR DOWN? on: November 24, 2018, 04:58:52 AM
You have seen how fast things can change in cryptocurrency, that’s why it’s highly volatile, cause you’re not sure what follows next, within one hour everything can change to be something else. Maybe it’s best to just hold. The price dropped quickly to $4,000 within an hour  that means it can also increase with same speed in an hour. Let’s see what happens in December, and that’s just a week and few days to go.

The market is still going down and it will take more days to come before bitcoin will be bit stable.  I don't think bitcoin is death as many people new investors are about to form.  Bitcoin is going to makes another bullish trend in 2019. It has happened like this several times and I believe that this bearish market is a correction that will create another opportunity for new people to come into the market.
Of course this is not the end for Bitcoin, but stop relying on what happened in the past to predict what will happen, it might not be the same. Some people are just too ignorant and due to they are hoping for the same thing to repeat itself, they just neglect their money and saying it will increase, later they come back to disturb others on how they have lost their funds. Best to withdraw early if you can’t wait and when it gets low and becomes stable, you can buy then and hope for an increase.
536  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: November 22, 2018, 06:45:19 AM
How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
Somethings are quite impossible to change, maybe it’s time we stop fighting over Bitcoin and banks which one is to stay. By the way, even if you decide to make use of cryptocurrency, that still doesn’t change the fact that banks will be there, cause every cryptocurrency exchange are relying on banks for storing the company’s funds.

When you want to buy Bitcoin, you pay through your bank account, do you ever ask yourself where those money goes to, do you think they just disappear into the air? No they don’t, they go into another person’s bank account. So you can’t change anything.
537  Economy / Economics / Re: Blockchain will help Economy. on: November 22, 2018, 05:58:21 AM
Blockchain was imagined as an approach to guarantee the dependability of the digital currency Bitcoin. It is a genuinely basic idea, an advanced record that record all exchanges that happen inside its framework, much like any firm or individual monitors their funds. The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it.
This has expansive ramifications crosswise over numerous businesses. Not exclusively will it cut expenses and enhance proficiency by evacuating outsiders, it additionally considers far more noteworthy adaptability by giving exchanges which are an unchangeable reality, which can encourage the sharing of accounts. For instance, blockchain can enable companions to share protection, or neighbors to have a similar vitality contract and guarantee that everybody pays for precisely what they utilize.
The one thing I like about Blockchain is being open. When it comes to Blockchain there is nothing hidden, everything is just open and you can see where the money is going out from and where it was sent to. Everything can be traced. But even with banks there is still every possibility to do the same, the only difference is that bank records are not open to the public, except to the bank itself.

But I still don’t think cryptocurrency will be a good way to fight corruption. Banks will do better for me. I’m not saying any of them is bad, it’s still good if we have both.
538  Economy / Economics / Re: How the Bank works to make money? on: November 22, 2018, 05:17:16 AM
the bank's income that we know only relies on investor loans and customer savings, but in detail there are two mechanisms that generate for banks:
investment product sales
(fee based income)
sales of liability products such as savings & credit (interest based income).
You’re right, that’s the way they make money and I believe they are able to get funds enough to pay their workers and still have much left. For anyone who would like to read about how banks make money and how they functions, I can refer to this article on a popular site called INVESTOPEDIA

:https://www.investopedia.com/university/banking-system/banking-system3.asp. You can read everything you want to know about how banks make their money there.
539  Economy / Marketplace / Re: Why the market is falling and why not be afraid on: November 21, 2018, 08:01:36 AM
At present, the market is experiencing a global correction. Someone attributed to this the manipulation of large players, some think that the cartel wants to bring down the market, but that's what I think about this:
1)Earlier when the first crypto currency (bitcoin) was born, there were few about it, that was heard, there were only enthusiasts who were interested in the mine. Here they are the first holders who sold them for 1-10 $
2)Then the game involved people associated with innovative technologies, which had large extra money, that would buy them bitcoin at cheap prices from the first miners. Thus raising the price to $ 100
3)But since after such a surge in prices, the first holders sold all their bitcoins, bringing down the rate. I do not think that in the past years 2010-2014 these were corrections. Most of all it was the draining of the first players who were happy that they sold so dearly. And they thought that the bubble burst
4)But large holders, all bought out and dropped superfluous players. After that, a good news background started, carrying a missile called bitcoin far into space.
5)People have heard from all sides what bitcoin is and that it grows very fast. Without understanding the market, despite the graphics, people bought bitcoins, selling apartments and getting into loans. By that, they carried the missile far into space. But the day came when the big The holder decided not to wait any longer for the end of the galaxy, but decided to sell his bitcoins ...
6)And people bought everything and bought ... And when the buyers were over, the sale of those who bought not long ago began. Then the sale of those who bought at the top was started. Forming with this a snowball, flying down. And now those who did not dare to go to market, not having had time to click on the buy button for $ 20,000 sitting and rejoicing that they did not come here. Sometimes glancing at the low rate
7)But we know that such a low price is an occasion to buy crypto currency. I'm sure that there will not be such prices any more. When players who sold bitcoin for $ 100-200-300 pumping a rocket with fuel began to enter the game. TV to say that the bubble does not burst, but grows. And the race of those who will buy for expensive ($ 30,000-$ 50,000) from those who buy now will begin. The choice is yours when you buy ...
As for the recent fall in price, it’s all because of the dispute between the two CEO of Bitcoin SV and Bitcoin ABC. The two are really up against each other, and it’s all about the Bitcoin Cash fork. But I’m still not worried, no matter what they’re doing what would be the outcome.

I’m very sure that all these are just for the reason of putting price down and creating opportunity for the whales to invest millions of dollars on a cheaper rate. I will still keep on holding, I’m very positive that something good will happen next year.
540  Economy / Gambling discussion / Re: gambling ends on: November 21, 2018, 07:27:27 AM
There is no need to stop it neither. Gambling just should not be available at home that seems like the biggest problem right now. With the ease of use of online gambling plus the addictive side of gambling combined together makes everyone not stop themselves and gamble. Right now in our world the possibility of gambling at home and getting addictive to it is so simple it became a game.

My wife once found a game where she can be a character that is in a casino and play any type of gambling she wants with "game money" however I realized whenever her money ran out she bought the "game money" from the game itself. This is an approved and global playstation game that basically puts "game money" between the exchange and call it a "game" instead of literally an online casino. Yes las vegas should exists and monaco too and all those casinos however this online gambling craze needs to stop or there will be a lot more people who lose their money to gambling and become at risk.
I guess it depends on every individual whenever it comes to gambling, even when the accessibility to gambling sites have become much more convenience with the introduction of online gambling, I believe people could still find a way to restrict themselves from spending too much money on gambling activities with good self-control.
You know in most cases, it is always about how you are able to manage yourself and your emotions when it comes to gambling. However, the truth is that there would always be some cases where you will most definitely get to realize that you are either overdoing something way too much or it is beginning to have some negative effect on you which if you do not stop when the time is still right, it may be a bad thing at the end of the day. We all know ourselves, so if someone decides to stop today, that is their decision and they know what they are feeling or seeing before making that decision to do so.
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