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5421  Bitcoin / Bitcoin Discussion / Re: Beware of nocoiners on: March 11, 2019, 05:47:42 PM
Why do we care what others say? Don't we have our own perspective of what bitcoin is and what it could be ?
If we as users use bitcoin for the right purpose and encourage others to understand what it could be and make use of it then who do you think will be able to stop the exponential growth of bitcoin.
What bitcoin can be in future depends on what we do with it now. So instead of asking others, listening to others' perspective about BTC, make your own perspective about it and strive with all your heart to make it possible.
5422  Other / Meta / Re: The nice thread thread on: March 11, 2019, 02:44:28 PM
But how many such threads are you going to add up in the post. At some point it will stop and this thread will be lost somewhere in the vast ocean of threads like any other thread.
Well, according to that logic why do anything at all?  I find a lot of the stupid threads and nonstop drama to be tedious, but just because a thread is eventually going to die out--which most of them that aren't the Wall Observer thread--that doesn't mean they shouldn't be created in the first place.

That said, for the life of me I cannot think of a warm & fluffy thread aside from Jet Cash's own coffee lounge one, and especially not a recent thread that fits the bill.  Lately there's been a lot of trolling and repetition of arguments that never fail to fall upon deaf ears.  You know what I'm talking about, too.  The only thread I can think of that's just a little bit light-hearted is the "posts so bad, they're good" one. 

This tends to be a forum for money-hungry people, and in addition there are all sorts of different people and cultures represented, so it sort of makes sense that there aren't many threads with people just talking about "nice" stuff.  On top of that, we all know how many members are just here to earn money from sig campaigns and you know damn well that they just want to crank out whatever the maximum number of posts is for the week (and usually in a language they don't fully understand how to use) so they can go about their business in real life.  Even if you had a thread that had a tone of positivity, it would probably get ruined by sig spammers in no time.  Anyway, give Jet Cash a break.  He's trying to call attention to whatever the feel-good aspects of the forum are.  Good luck, JC.

I wish I would had this point of view while making the post. Thanks for changing my mind (merited for the same Wink ). Keep up with the good work JC.
 
5423  Other / Meta / Re: Zero To Hero in under 4 months. (My Merit Journey). on: March 11, 2019, 02:17:09 PM

Anyway, good job ranking up.  You do make good posts, which is why you've earned all those merits and were able to rank up.  Though Meta doesn't get as many "how I earn merits?" threads lately, I'm sure the question hasn't been answered to a lot of lower-ranked members' satisfaction.  They see it as almost impossible to earn enough merits to get past Jr. Member, and a rank like Legendary must seem unattainable without buying an account.  Those folks ought to take a look at your post history and take note, because you're one of a few examples of someone being able to earn those merits and achieving a relatively high rank. 

I do agree with you but only partially. Anybody who has good knowledge about crypto and blockchain could earn merit and gain a higher rank on this forum.
But what about those people who are new to crypto as well as this forum. Assuming many people who start as newbie don't have enough knowledge about crypto(which is one of the reasons for them signing up on this forum) find it difficult to earn merit and hence it becomes almost impossible for them to attain a rank like Hero/Legendary.
Though it is not impossible but it sure is difficult as it would require a lot of time, effort and constant passion towards crypto.
5424  Other / Meta / Re: The nice thread thread on: March 11, 2019, 01:50:42 PM
I understand that you are fed up with the community crap and you want to direct forum users to some 'good to read' threads.
But how many such threads are you going to add up in the post. At some point it will stop and this thread will be lost somewhere in the vast ocean of threads like any other thread.
So, what is the point of doing this ? Not that I am against it or something but you could do a better thing instead.

You could find out threads that are valuable to the crypto community and to the forum and list them in your thread saying that these are the threads which I think are valuable and should be merited.
Anybody who thinks it should be merited will do it and others will at least get knowledge from those threads.
5425  Bitcoin / Bitcoin Discussion / Re: How are you going to secure your bitcoins for your next of kins? on: March 10, 2019, 05:13:20 PM
I had thought of this but am waiting for the right time to implement it. What I thought was to keep all my wallets' private keys in an archived password protected zip file.
I would then keep that file on a safe place with 2 backups of it in other places and share the password and file location in the form of a riddle only that person can solve who is close to me.
Obvious that I would phrase the riddle in such a way that the person who is close to me can easily get what am trying to say.
5426  Economy / Speculation / Re: Bitcoin number of transactions all time high?? BEAR MARKET IS GONE! on: March 10, 2019, 02:19:09 PM
Looks like we are out of bear market!

Please check number of transactions for the Bitcoin. Very close to all time high.
If this is not proof of adoption for some people I don't know what adoption should be like.

https://twitter.com/vradovic/status/1104489493229264896
Well I don't think that the number of transactions correlates to the BTC price because there can be many reasons as to why the transaction volume has been increased.
Many people have already stated the reasons of increase in transaction volume and the real reason can be any of them. The bear market has already gone though.
The bottom was near $3400 after which the price had started to increase. We are just holding the price now to near $3900 since we have a strong resistance at $4000.
If we break this resistance then the price will further go up to next resistance level and who knows before breaking that one we might face a small correction too.
5427  Economy / Trading Discussion / Re: Help with trade profit calculation needed on: March 09, 2019, 01:14:07 PM
If I bought $100 worth of BTC currently as a price of $3943.
At what price can I sell the BTC I bought to realise a 2% profit increase.

Sorry folks, my brain feels like it's blocked today. I can't even think well enough to do this simple math  Grin
Any help will highly be appreciated  Wink
Well it's quite simple. If BTC is at a price of $3943 and you need a 2% profit then $3943 * 2% = $78.86
So $3943 + $78.86 = $4021.86

Let us also include an average trading fee of 0.25% which will make the price to $4031.91 and this must be your price to sell.
5428  Economy / Trading Discussion / Re: Is there any reason to day trade anything other than bitcoin? on: March 09, 2019, 01:09:41 PM
Serious discussion please.

Obviously some alts can have significantly bigger gains than bitcoin when it comes to long term and bull runs, the last bull run from 6k to 10k for example, sure bitcoin was strong, almost a 2x but some of the top alt coins did more than a 2x even 3x. However that's only long term.

Short term I don't see any reason to trade anything other than bitcoin, especially knowing how little volume some of the other coins have, even top 10 alt coins, for example stellar only has 33m volume. So my question is, what's the point of trading stellar, for example, instead of bitcoin? You know that even if you are a whale and trade a lot, you wont be moving the market as much, if you have 1m and you trade stellar, that's already huge and we all know the 33m volume is probably not even real, a lot of it from bots trading.

It's also much easier to follow bitcoin because, well, the whole market follows bitcoin. Bitcoin dictates where the market goes.
First of all, short term or long term doesn't make a difference. If the coin is potential then it will rise no matter what the duration is. It might fall down but at the end it will surely rise.
According to me altcoins are good for short term trading while bitcoin is good for long term since it's volatility sometimes breaks bitcoins volatility.
I have seen coins going down in price in short term as well as long term and this proves that crypto market is really unpredictable.
The best thing to do would be to diversify your investment into potential coins so that if bitcoin doesn't rise but the altcoin does, then you at least get some profit rather than nothing.
5429  Bitcoin / Press / Re: [2019-3-8]Jack Dorsey: Twitter CEO Buys $10,000 in Bitcoin Weekly on: March 09, 2019, 12:44:17 PM
Jack Dorsey has been a bitcoin supporter since the beginning and has been in bitcoin related controversy too. Buying bitcoin worth $10k weekly must turn out to be a really good to him especially now since the market is bearish, he should be getting more amount bitcoins compared to a bull market. He must be a real player because he is investing the money he earned from his app into a highly potential asset.
I wish I could buy BTC at such volumes  Tongue
5430  Economy / Service Discussion / Re: PayPal SCAMMERS - Warning on: March 09, 2019, 12:31:34 PM
I am really disappointed to know this happened to you. I thought Paypal was doing a good job in the market which is why I never read any complaints about it anywhere.
I kind of knew that Paypal was against crypto and hence didn't support any such transactions but this is kind of bullshit that Paypal is blocking payments for crypto to related transactions.
Why would Paypal invite a loss to itself by blocking payments ? You should definitely read their policies and terms and conditions and find out if they have mentioned this anywhere.
If they have not then you are free to make a complaint against them.
5431  Economy / Service Discussion / Re: I would like some help on: March 09, 2019, 12:17:19 PM

First of all sorry for my English.

Does anyone know how to create scripts?

The days I try to create more without success.

I would like a script for freebitco.in where it would be quite simple.

When entering the site, click on the box of the recaptcha and then on roll, wait 60 minutes and refresh the page, starting all over again.

My recaptcha when click is already released, I did this with imacro however it is necessary to leave the page open at all times, different from a script.
I have recently tried automating freebitco.in myself but I failed while doing the recaptcha thing. Freebitco.in also has a button called 'Play without captacha' which upon clicked shows the number of reward points that will be deducted from your account to roll without any captcha. I tried to automate this too but I don't know why my code fails to process this. I had done the automation to Selenium Webdrive which is used to automate web applications. If you want I can share my code with you but you will need to download the pre-requisites before running the code. PM me just in case you need the code.

P.S: I guess Freebitco.in is really good at identifying bots and it will be difficult for you to continuously get earnings from the website for a long time.
5432  Bitcoin / Bitcoin Discussion / Re: Accounting fro Crypto on: March 09, 2019, 07:32:39 AM
According to me, this would just benefit the accountants since an addition of a new currency would increase the amount of work and jobs in that country.
Crypto was recently restricted in my country but before that people used to trade crypto in large amounts and hence needed private accountants to manage their investments.
I know a friend who had an accountant who would manage his crypto earnings apart from his fiat earnings. So crypto is like a boon for accountants.
5433  Bitcoin / Bitcoin Discussion / Re: How to Get Rich Quick - Bitcoin on: March 08, 2019, 03:07:55 PM
Ok, it is not what you are thinking. Bitcoin is not a Get rich quick scheme, but the UK series "How To Get Rich Quick - Season 1 episode 3 includes some footage of a rich entrepreneur, Dave Fishwick, creator of Bank of Dave, discussing Crypto currencies as one investment option to become rich.

Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.

I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there.  Wink <It is also not focusing on Crypto currencies, but all the methods that can be used to increase your wealth>  Cool

Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.  Roll Eyes

Well I think that this post would have made more sense when the price of BTC was at around $15000 after falling from $19k .
People were dumping shitload of money into bitcoin those days which had lead to a sudden surge in price. People did not understand that it is not a get rich quick scheme and later bitcoin fell down to $15000.
This made people realize their mistake. I guess people should believe in the technology before investing in bitcoin just for the sake of money.
5434  Economy / Trading Discussion / Re: Is it possible to double capital in 2 months? on: March 07, 2019, 04:48:41 PM
I've been in trouble and now I have a lot of debt
Can I double my capital in two months because if I do not pay I will die or be imprisoned
Please help me I think I am a professional but I am nervous now I can not trade well  Huh
Doubling the capital is really a tough job since we have to make constant efforts to get constant profits in all our trades.
Bear market is the toughest enemy towards gaining profits through crypto trading and we cannot expect to double the capital amount in a bear market.
I would definitely not invest in crypto if I were in your place. You should rather find an alternative to this. I guess none of the investments would yield you 100% profit within a short time.

The best thing for you to do now would be to get loan from somebody you know or get a loan through collateral and deal with the situation you are in.
Later find a solution to pay back the loan and this time find some job instead finding a shortcut to getting money.
It might sound silly though but by doing this you are buying yourself more time within which you shall get opportunity to clean up the mess you are in.
5435  Economy / Trading Discussion / Re: Wrapped Bitcoin (WBTC), Why it's just another total disappointment. on: March 07, 2019, 02:54:52 PM
~snip~
We will wait and see, but as long as that direct decentralised swap between BTC and WBTC is not possible. Then intention of the project is as good as nothing and most people won't really pick interest in it.
This is exactly why I did not give much time on researching on this project. Wrapped Bitcoin (WBTC) as the title said when I started reading the article on cointelegraph made me really excited as I though it would be something new and might be something worth investing in. I read the article and idea of making an ERC20 tokeb\n bacjed by BTC ob 1:1 ratio sounded like a good approach to me at that time.
Little did I know that the Atomic Swap between BTC and WBTC won't be a possible thing as of now. This made me disappointed and since then I didn't make any effort in reading more about the project.
5436  Economy / Economics / Re: Cryptocurrency companies still can’t open bank accounts on: March 07, 2019, 02:37:05 PM
Despite the increasing legitimate cryptocurrency uses, its continued association with illicit activities and anti-money laundering compliance costs makes banking for cryptocurrency companies hard.

Read more here: https://www.unblock.news/news/cryptocurrency-companies-cant-open-bank-accounts
This has been an issue since the beginning of the rise of cryptocurrencies. Since cryptocurrencies are anonymous and had been used for illegal activities and terrorism, banks have strictly restricted people from making any crypto related transactions from their bank accounts. Crypto has been developed over the years and has been adopted by many companies. It has been regulated in many countries now.
Now it depends from country to country where crypto is legalized or regularized and only such countries do not restrict people from making crypto transactions. Only banks from such countries where crypto is not legalized or regularized restrict people from making crypto related transactions.
5437  Economy / Economics / Re: Reason of Next Financial Crisis on: March 07, 2019, 02:28:33 PM
Reason of next economic crisis can be here

 US officials say they will investigate the risky $1.6 trillion 'leveraged loan' market
 Looks like deja vu from 2008 but much more bigger
 
Bank of England Governor Mark Carney compared it to the subprime mortgage crisis of 2007.
 https://www.businessinsider.com/leveraged-loans-fsb-inquiry-into-16-trillion-market-2019-3?r=US&IR=T

The $1.6 trillion market has recently seen lending to companies with lower credit ratings occur at much greater levels than previously, leading to a proposed review later this year, FSB Chairman Randal Quarles told the Financial Time


The FT wrote: "Regulators could act if their findings point to actual hazards in the market for leveraged loans
I am curious what way regulators will deal with that.
But if that will happen bitcoin can be alternative

The US economy is about $21+ trillion dollars in debt as of the end of 2018 and that is a really huge amount of money.
The amount is so huge that when the debt crisis occurs, U.S. won't be able to repay the whole amount and will probably drown in it.
This will severely affect the world economy and bitcoin has pretty good chances to be adopted at that time.
This is definite to happen but it will take years for it to happen and we can't say what the amount of debt will the U.S. economy hold at that time.
5438  Economy / Economics / Re: Blockchain or Business Model? on: March 07, 2019, 02:03:35 PM
Artificial Intelligence as we say it today, was started in the early 1930s by Alan Turing but it became popular only in the late 1980s.
Machine Learning started way back in the 1990s but it became popular only recently.
Blockchain started in the year 2008 and is growing rapidly. Businesses have started using the Blockchain technology but it will take time before the majority of businesses adopt it.
It's obvious that Blockchain has a wide variety of use cases and hence it must surely be used by many businesses in the future.
5439  Bitcoin / Bitcoin Discussion / Re: Ways to relieve stress from "crypto" scammers when all you value is bitcoin? on: March 06, 2019, 03:31:54 PM
Well there is a difference between trading shitcoins and trading altcoins. Investing in coins that increases your portfolio isn't a bad thing.
We can definitely invest in 'Altcoins' rather than shitcoins to increase the portfolio value of our investments.

Good post by the way. Also, it creates an awareness for the newbies. Unfortunately I didn't get such posts in the beginning days of my crypto trading.
If only I had knew about pump and dumps earlier, I would have saved a few coins.
5440  Bitcoin / Bitcoin Discussion / Re: Bitcoin Trader Brutally Tortured on: March 06, 2019, 02:06:36 PM
A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:
Quote
It is not so easy to find the identity and locality of a person through a bitcoin address. I wonder how the criminals would have got the exact location of the crypto trader. I guess that the crypto trader would have done KYC in some airdrop/ICO/website through which the criminals would have got to know the locality of the person. Another possibility is that the KYC of the person would have been shared on the dark web from where the criminals would have got his locality. We all know that there have been so many ICO scams and airdrops of shitcoins which asked for KYC details from the investors. The possibility of the crypto trader investing in such schemes would have lead to this incident. This is the reason why many people opt out when it comes to submitting KYC for crypto purpose. Also, it is better if we don't publicly announce that we hold cryptocurrencies since this would be like an open invitation for hackers and criminals.
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