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5401  Alternate cryptocurrencies / Altcoin Discussion / Re: The main factors pushing the ICO market down on: June 18, 2019, 10:27:35 AM
I think there are couple of stuff, one is definitely people thinking they won't earn as much as they used to from ICO (or it could be STO/IEO doesn't matter) and since they think they won't be making too much profit and even maybe lose money they decide not to invest neither, wouldn't make sense to just support a new coin with your money without making anything in return.

The second and the biggest I believe is that the regular coins that already exist were low already, so people decided to buy them and wait instead of investing into unknown coins, why would you risk your money into a coin you have never heard before when bitcoin went from 20k to 3k, just buy bitcoin and wait.

The idea is usually similar to when interest rates goes up in real life, business tend to keep their money in bank interest for guaranteed profit instead of becoming bigger companies by hiring more people and opening more stores.
5402  Alternate cryptocurrencies / Altcoin Discussion / Re: What Can $50 Million From Banks Add To The Crypto Industry? on: June 18, 2019, 09:30:47 AM
Depends on how they use it, if they spend it all at once to buy bitcoin than we will see a spike in bitcoin price and than anything could happen, it could continue to go up or it could have a correction and go down. However, if they spend it small by small and than sell it small by small they could potentially make a huge difference, buying 50 million dollars all at once and than selling 500k per day until you recoup and rebuying again type of method could make a whole lot of difference.
5403  Economy / Speculation / Re: Has the dip passed? on: June 18, 2019, 07:56:37 AM
Depends on what we mean by the dip, there are many dips in the crypto as of right now, the 3k times were a dip, the 6k times were a dip and most recently 8k was a dip. Now you may think that we are at 9 thousand dollars right now so the 8 thousand dollars should not be a dip but honestly whenever we drop thats the price we hit and will we ever see those numbers again is a valid question and the answer is we probably will.

However, the other ones are different, will we go under 7k ever again? I am not sure, is there a possibility? Yes but does that mean we will? No. I think thats a unlikely but probable number. However those 3k times are looong gone, if you ask me we will never hit those numbers ever again, it will be way too long to fall from all the way here to there.
5404  Economy / Speculation / Re: Summary Present Day > July 2022 on: June 18, 2019, 07:21:25 AM
I think there won't be too much of a change in the history sense from today to 2022. I am not talking about "no change" as in the price will be same and everything will be same, I am talking about the past 3 years happened and the next 3 years will be the same as the last 3 years. That is at least my idea, maybe it won't be like that, maybe it will be a lot different but to me the fact is that we had a very wild 3 years shows that how much more wild can it get?

I am pretty sure it would be as wild as the past 3 years and it won't be calm but it can't get any more wild. Hence in 2022 the price will be a lot more but until then we will have many ups and downs in price that would make new all time highs then make yearly lows to eventually go up again and down again.

above analysis still valid, bear 5 could be many years long if activated at $10-12k. Bear 5 does not include good alt projects, so it could actually be a mixed bull bear scenario aka flip.
5405  Economy / Gambling discussion / Re: Is anonymous betting a desired feature? on: June 17, 2019, 03:20:52 PM
In online gambling sites in our country that is already registered in the government, KYC is really need and I agree with it. However, I like to gamble without sending my personal information to other people so I'd choose the online gambling sites that doesn't require KYC to gamble. Crypto gambling sites doesn't need KYC to gamble and that is the one I'm using in gambling right now.
In as much as a value my information and I have fears of losing it to the public but I would rather play on a kyc site than to gamble on a site that does not pay attention to  kyc because my money is more precious than the information which I am sure would be protected by the site.

I am aware that KYC is an important element when it comes to daily operations of gambling operators, and there are regulators in the industry that regulates this. The robust KYC system a company has in place is what enables them to have a very clear data base of their users and hence their license being safeguarded. So, wherever you a playing in a site that does not provide KYC be sure that you stand a chance of losing your money soon since the site is not licensed.
5406  Economy / Gambling discussion / Re: 2019 NBA Season on: June 17, 2019, 02:40:12 PM
Do not forget that when Celtics and nets made a trade for future picks in exchange of old stars the nets actually made a great improvement for one year but then they became very bad whereas Celtics became very good without even tanking because they had picks from nets that would give them good picks anyway. So, this could be the same, AD is a good player but Lebron doesn't have too much time left, he is what now 34-35?

He has maybe 3 more years and then he will retire so if they can't put a decent team together "next year" is not an option anymore. They need to become champions this year or at worst next year, after that their window of opportunity closes. Meanwhile pelicans will have zion + ingram + lonzo + whoever else plus 5 picks from Lakers to build around on top of their picks so they don't even have to tank to get better for the next 5 years.
5407  Economy / Economics / Re: Mining in the cloud vs simply buying bitcoin on: June 17, 2019, 10:16:46 AM
The cloud mining that we used to have is not the same of what we have right now. Currency cloud mining operations are mostly scams and there are very few ones who are legit doing it but they cost so much and the running expenses are so much that you will not make any profit.

Normally back in the day the idea was basically similar to ICO or any crowdfunding, a company would build an equipment for mining and they would need more money to build something even better, so lets say they can make 2 dollars per machine a day, they would rent it out for 1 dollar and get 0.5 for maintenance but would sell it to you for like 3 months or 6 months in advance so you pay upfront which they then use that money to build a machine that would make them 4 dollars not 2, so you rent that in advance whereas old machine becomes worthless before the time runs out and they would use that to build an 8 dollar machine and continue like that.
5408  Economy / Economics / Re: what will happen to bitcoin in india on: June 17, 2019, 09:18:04 AM
I have a friend in India and talked to him about the options and he told me that there are many countries that take Indian residents without a visa or anything, some of them have regulations like you require to go back to your country every 90 days which would be very difficult but some of them have great deals like going back only once a year.

There are of course countries like Somali and what not which he would not consider but there are great places as well which they could potentially leave the country for. I mean think about it if the country you live in doesn't support what you do and the country that welcomes you with open arms and allows you to live there then why would stay in the same country? Would only make sense to leave and go to that good country as an option.
5409  Economy / Economics / Re: Why the global currency cannot be 100% internet based and if we will have one on: June 16, 2019, 05:38:03 PM
There is no way we are not going to have one currency globally. I personally believe it may take years and it may take a lot of power and issues but in the end we all gonna end up with the same money all around the world and the big candidate is dollar or euro.

Look at euro for example, it is the same currency in many nations and all of them use the same currency without any problems at all, of course there are economic issues risen from the same currency thing but I am sure that is worth the loss in its profits. If 20+ nations could use the same currency and switch borders without care and basically live like a whole nation together then why not make it for the whole world ?

Maybe we can do 5 currencies total instead of just one to start with and see how it goes but currency for each nation is silly and will be done very soon.
5410  Alternate cryptocurrencies / Altcoin Discussion / Re: Russia wants to make a Transaction Island Using Cryptocurrency on: June 16, 2019, 10:51:10 AM
This will be something very small and wouldn't make a global affect on the world, they can try and that is always great for crypto since the more attention it gets the higher the price will be but just because Russia will test this out doesn't mean it will become something huge in the end.

We have Malta and panama which support crypto gambling heavily yet its not a global thing yet, why would having a Russian island for the exchange be any different than them?
5411  Alternate cryptocurrencies / Altcoin Discussion / Re: hardware wallets safe? on: June 16, 2019, 09:11:25 AM
I think they are, I mean if you pick the market leading ones they are pretty safe. Like if you get nano ledger s or trezor they are pretty safe but they are of course lacking some small coins as well since they do not support a lot of coins, however if you deal with only the big ones they do support like as much as 20+ coins so you should be fine.

My friend had a ledger nano s he used to have and he lost it for a lot of months but he still had his key phrase with him he found that so he was not even worried, anyone who got his ledger nano couldn't break into his wallet and take his money out so he knew he was still secure. Of course he found it after couple of months in one of his bags Cheesy but it was still showcasing how great security of it was when he wasn't worried about the potential of all his money at someone else's hand.
5412  Economy / Speculation / Re: On short-term traders on: June 16, 2019, 08:13:54 AM
I don't know how you can calculate someone as short term neither, now lets consider the day trader, that person is buying and selling coins probably inside an hour and do that couple of times which means he is definitely a short term trader, lets consider someone buying today and selling next year that means he is a long term trader (or someone who buys and sells when he retires which I plan to be) but what is the number that divides short term and long term? Is there a mid term as well? Like maybe 3-6 months, if its longer than 3 months its mid term but it has to be less than 6 months as well?

I don't really know what short term is but between people who buy and sell in an hour and people who buy and sell in a week are different kinds of people so I am not entirely sure if I can call them the same thing.
5413  Economy / Speculation / Re: Bitcoin about to go really high on: June 16, 2019, 07:32:25 AM
It really did, we are seeing bitcoin increasing once again, it is always a happy day when I see bitcoin going up, I have missed seeing bitcoin at these high prices, it is close to $9.3k now which is the top we have seen in 2019, lets hope in few days we can break the biggest of 2019 price as well.

I am sick and tired of waiting around and I want to cash out finally but I promised myself I won't do that unless I see my profits double and in order to reach that I need to see bitcoin at least above 12 thousand dollars or need to see ethereum above 400 dollars and I am not sure which one is more plausible right now. Whichever happens first I will be withdrawing my savings and would like to finally spend it on some stuff I have kept waiting for months and now they are really becoming urgency because of how much I waited.
5414  Economy / Speculation / Re: A Saving Plan on: June 15, 2019, 03:36:49 PM
My new saving plan involves not just spending less but earning more. We all have jobs that we go to and work and make money which helps us survive and usually covers either barely the living expenses or sometimes it doesn't even cover that but I am lucky that my income covers just about the amount of money I live, sometimes not even that but mostly it covers it.

Now, I am looking into some other stuff like airdrops and bounties and all other methods where you work to earn income from crypto and I will make those income into my savings plan and will not spend them, that way I can just put that extra money aside without withdrawing it at all and instead of spending less (which I can't really do) I would be earning more to put aside some money for the future, usually for emergency stuff.
5415  Economy / Gambling discussion / Re: 2019 NBA Season on: June 15, 2019, 02:29:21 PM
People who say the raptors victory wasn't as deserved as it could be are all idiots, this is basketball and injuries happen specially when something this obvious it was already expected. I can tell you that warriors also could have lost to spurs few years back if Kawhi didn't get injured because of Zaza Pachulia but I can't because they did become champions and nobody remembers the injury but remembers the ring.

20 years from now nobody will say warriors were too injured to win and it was a lop sided game, they will only remember raptors getting the cup for the first time ever and this was the first time in history when a team from outside of USA won the cup, literally the champions are not from USA anymore, for a whole year Canada will be the NBA leader until the next cup.
5416  Economy / Gambling discussion / Re: Justin Bieber VS Tom Cruise - UFC Fight on: June 15, 2019, 01:14:20 PM
Pleaaaaseee make this a reality, I would love to see them fight, I mean I hate justin bieber as much as the next guy but I also hate tom cruise as well, so this fight would be fucking amazing. Anyone could win this but I would love to see them go toe to toe for rounds after rounds bleeding incredibly and all bruised up, after they are so exhausted and tired that they can't even move anymore one of them finishes the job, that would be sweet sweet entertainment for me.

I think the fact that they will be punched in the face itself is amazing, like without context without ufc, just someone punching them in the face is amazing, so to think that they will be in the ring fighting would be x100 times better. I know Tom Cruise is by far the superior fighter here and would probably get it with ease but I hope it will take a long while.
5417  Economy / Speculation / Re: Which way will it go? Which trend will it follow? on: June 15, 2019, 11:54:54 AM
It is obviously going up. The main reason for bitcoin to go up right now is that there are more people who believe bitcoin will go up, its a paradox I know but that is how bitcoin works. The more people think bitcoin will go up the more bitcoin goes up, its all in our heads and the more we buy because of the potential profit, the more we profit as well. It is a weird system and totally unheard of anywhere else in the world but its still our system so I love it.

Normally, in any other economy like the fiat has with banks they do whatever they want, they don't care if something is falling they can still profit from it and they literally bet on stuff that is going down to go up like crazy people and when they are wrong they get payments from governments to fix their own problems.
5418  Economy / Speculation / Re: Where do you think Bitcoin will be by the end of 2019? on: June 15, 2019, 08:40:05 AM
I think it depends on if another rally happens or not. Bitcoin price is fragile right now and it could be affected by anything so we are not really sure about what will happen so anything said on this topic is purely speculations and assumptions. The reality is that if someone with a lot of bitcoin sells their coins then the price will fall but if we collectively start to rally again then we can go up too.

My only hope is that there is a halving coming up next year and the difficulty of mining is going up again so combining those two facts together the miners will not be selling for cheap which could increase the price a lot, since there won't be many sellers at these prices the amount is given to increase. However remember last time we fell, the difficulty dropped as well which is why anything could happen.
5419  Economy / Trading Discussion / Re: Day trading! The good the bad and the ugly on: June 15, 2019, 07:51:34 AM
Who the hell gets addicted to day trading. I personally tried it and I feel like all day traders are crazy people, unless its your full time job and you have to somehow make money to put bread on your table there is absolutely no reason to check all those small numbers and charts for whole day, you should be at least getting a breather once in a while.

I do not like working in an office with my suit on neither and I work at home freelancing but its still a lot better since I have a chance to do my job whenever I want, like it could be morning or evening but I get to choose when I will work, that is why I like it, day traders are not like that, those guys glue their face to the screen and check every single detail of every coin and then do moves according to that, its crazy and turns people into little machines.
5420  Economy / Trading Discussion / Re: Over the Counter (OTC) Cryptocurrency Trading - Explained in Details. on: June 15, 2019, 07:01:53 AM
What is the difference between Dex or P2P and OTC? I am not really familiar with the differences but in my country there are places called exchanges where you give them one currency and they give you another currency, like regular exchange but as a store instead of digital.

There you can give them bitcoin and they will give you any currency they have on their list, or vice versa where they give you bitcoin. So, I doubt that is considered OTC by your standards and called something else but I don't know why, over the counter is where you literally exchange bitcoins without digital exchange and no deposits or withdraws required, you just give one currency and they give another currency without involving a third party. If anyone explains the differences of OTC/P2P/DEX, that would be awesome.
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