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5461  Economy / Economics / Re: Advice on how best to protect your capital on: August 19, 2019, 12:06:07 PM
How to prove ta project in not Scam?


That is difficult to prove the project will be a scam or not, and there are no exact indicators to determine a scam. But it will prove in the middle of their journey, and they will get a slowly moves in the project, they will hard to survive in the market and in the end, they will scam their investor and their participants. Many projects are hard to get listed on the exchange, and usually, after the project has finished the first phase of the token sale, they will delay giving the reward to the participants.
There are still some projects that you will easily spot out from the beginning through our research, that is if we are the type that do research, it is not every scammers that you see are that smart and you could sense from some of the things related to them that they are scam, in fact from their team, you will know if the project team are going to be smart and if they have the potential of developing the project to a performing one.

For the ones that are not easily spotted through research, we will surely know as you said, this is why it becomes necessary for investors to just be patient and then wait for the project to be launched first before getting to buy from the exchange market, at least through the exchange they are even listed on, you will know if it is a quality or low project.
5462  Economy / Speculation / Re: Bitcoin Bearish short term but Bullish long term on: August 19, 2019, 10:13:16 AM
We should look at the bigger picture here, what we have seen is just a minor correction, that what's been happening since we made a run from April-Aug. There will be times that we thought that the bears has taken over the market again. And the next thing we know, the bulls are back and people started to FOMO again. So I would not be surprise to see roller coaster ride and then investors taking the opportunity for every dip to fatten their wallet.
Keep your heart and your wallet bigger because price has moving nature so when it falls you will have to show how much your heart is stronger and when the price Will be high it will give you chance to full your wallet . Market rise and fall does not have fixed time any time price can change just be calm. And wait.
Investing in cryptocurrency is really for the people that have a very strong heart really because if you dint have, many people will just be falling sick when they see the price of bitcoin grow today, and by the time they wake up next day, they see that it has declined, and they will be filled with regret of not taking action, but as someone who is strong like you want them to be, they will only try to spot out their own mistakes from it and understand that it could happen at any time and to anyone because of the volatility of the market.

Most investors just need to make sure that they invest in coins that will not go out of function in future, once a project is still active, volatility would not be much of a problem because the volatility will not be there forever.
5463  Economy / Speculation / Re: Bitcoin Declining. on: August 19, 2019, 08:51:29 AM
Bitcoin lost a little from that year 13800 high but price is still above 10k what is really incredible.Bitcoin halving begin between march and may 2020 what is very soon
We will have some pump and dump until bitcoin will goes parabolic and make new ATH
Nothing to be worry about some correction and hype or fud to hype or decline price
There is one common thing I just usually tell my friend when I invite them into bitcoin investment, I made them choose between being a trade or an investor, and as an investor, they have to understand that they will need to stay with the market for at least 10 years because that is when bitcoin will develop to the fullest, and I think that has been helping them.

When my friend sees bitcoin fluctuation, they find themselves not having any panic because their goal is for future, which Is how I see my btc investment too and don’t bother myself with all these short decrease, no matter the decrease we have now, imagine where bitcoin will even be in 5 years’ time, I know that the last ATH will even be the lowest by then, so I just don’t stress myself about all the declines.
5464  Economy / Gambling / Re: 🎲EOSBet.io - Licensed Casino Platform 🎲Provably Fair 🎲NOW ACCEPTING BTC ₿ on: August 18, 2019, 04:19:19 PM
Only way to calculate is to know how much people actually lost as well, because in reality 500 million won doesn't mean 500 million withdrawn, that is why we are calculating 500 million but also 507 million, in reality it could be 500 million won but also lost as well, someone who won a wagered on a bet could do another bet and lose that as well, that means if you win 100 bucks on a bet but then lose it next round that is zero profit to you while website could claim 100 dollars won.

34 billion looks ridiculous of course but at the same time think about how much has been mined so far, you can calculate the wagered amount there and see how much of house edge they are on right now and how much they are away because house edge is the average and doesn't have to happen on the spot. Calculating the mined bet tokens would be the easiest way to calculate how much wagers happened so far.
5465  Economy / Speculation / Re: Bitcoin Declining. on: August 18, 2019, 09:37:48 AM
Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k


Roll Eyes

Bitcoin declared "dead" many times, China banned it, social attacks everywhere, tried to be co-opted by the mining cartel/top merchants, and losing a few hundred points under $10,000 is scaring you?

Buy the dip, AND HODL. Cool
Lol, bitcoin is a living ghost already, there is nothing that can ever kill that cryptocurrency again, in fact many government are already giving up on fighting It and looking for ways for which they can make use of it, the stubborn and proud governments like that if China and US, rather than accepting it, they are thinking of creating their own cryptocurrency which they should expect will fail and will never be accepted as much as bitcoin will always be accepted.

With this lightning technology which will solve the speed and scalability that has always been discouraging people in making use of it for payment, many merchants now will start accepting it as payment currency for what they are into, and this coin will finally become a global currency on its own.
5466  Economy / Speculation / Re: No Friday Feeling For Bitcoin As It Falls Back to Four Figures on: August 18, 2019, 09:11:05 AM
That is not uncommon for bitcoin, the price will always shuffle between those four figures and five figures, and even if the bull run we expect will come, it cannot grow more than five figures, Asia or others, there are other factors that can add to the development of bitcoin, and that can come at any time.

This rise and fall is juts the corrections that we know will happen, the only thing we don’t usually know is the extent of the stay of these corrections before it becomes over. We just need to have someone that will put in the market at a particular dip and put so much that will cause the value to surge and have some people too out of FOMO invest.

The challenge I just do see is that we have too many traders in the market and anytime there is someone to force the market up, they are always pulling it down.
5467  Bitcoin / Bitcoin Discussion / Re: Will the Lightning Network save bitcoin? on: August 18, 2019, 07:01:35 AM
Weather you like it or not, the Lightning Network is an interesting solution to the scalability problem Bitcoin is currently facing.
For now, you are right, the lighting network will really bring all these problems we have faced in bitcoin such as speed to an end, but will also affect so many altcoins in the market.  Most people that are in the cryptocurrency market will always opt in first for bitcoin as method of payment and also for investment, but because of the challenges of scalability and then the challenge of the speed for bitcoin transactions.

Many altcoins are being consider because they have very fast speed, but if bitcoin can cover that area too, people will definitely shut their mid away from those altcoins to bitcoin, and bitcoin will continue to gain dominance and more users while altcoins market may completely be dropping and got worse than this, so lighting network as solution to bitcoin will surely be a disaster to the altcoins.
5468  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Becoming More Available? on: August 17, 2019, 06:51:54 PM
I don't think it's becoming more available because in the past almost all the exchanges let us move big amounts without knowing our identities, and now almost all exchanges ask for official documents to create an account, this makes things hard for a lot of users.

But we see more exchanges nowadays and more people involved, and i would say all of them had to do big research before joining to BTC.

I'm seeing it as a positive sign that exchange are starting to implement KYC as they are just complying with the government regulation.
Bitcoin will be more available if people are confident in using it and they will only be confident if they know the government are regulating it and they will feel secure that way, without government intervention, people using bitcoin will be at risk of getting scam.
There has really been a very great development in the cryptocurrency industry of recent and It is very surprising to see that new Zealand has implemented bitcoin and would fully legalize it come 1st of September to the extent of even trying to make it a coin that could be used to make payment of salaries, this is really a welcome development and it means that bitcoin is becoming more available, and like you said, many government as also imposed the use of KYC to some of these exchanges, which also means that they are beginning to pick so much interest in cryptocurrency gradually.

We could also see the case of china too is planning to release their currency too in cryptocurrency, so bitcoin wit time will really be a coin that will be most accepted worldwide.
5469  Economy / Speculation / Re: Is Now the Perfect Time to Buy Bitcoin? on: August 17, 2019, 05:36:11 PM
I am even still of the opinion right now that we could even deep lower than the $9300, and that would really be a very big chance for buying back, because of where the price of bitcoin is going to be in the next 2 months will be really an amazing one, so whatever dip we see now should also send signal to us as an opportunity to buy back.

Although not many people will have that opportunity to buy back though because of financial constraints, but for those that are still financially okay to buy back, there is nothing wrong in taking that risk, it is a risk that is really worth it and one that will make whoever took it really smiled, most especially those that are trading in a short term, they will always look for such dip to buy low and then sell high when they have profit.
5470  Bitcoin / Bitcoin Discussion / Re: Understand this - Bitcoin is not a commodity it is a working product on: August 16, 2019, 04:24:35 PM
With due respect, Individuals like you have changed the CORE reason Why Bitcoin was created? Trading was secondary part and replacing Fiat was the core reason why Bitcoin was created. Now, it is considered more like a quick way to earn Fiat and become rich.
Yeah right, people are turning the system away from the original reason why it was created, and I feel like before anybody would back his or her argument up as regards the subject matter, they need to first go back to satoshi's whitepaper and read the first paragraph and then some other paragraph that followed it, they will see clearly where he stated the main purpose of bitcoin, and like you said, it is to actually serve as alternative to fiat, not to completely replace it because I am sure that by now, if he had written in the whitepaper directly that the purpose is to replace fiat with it, then the coin would have been in a whole lot of trouble from world’s leader now, but it is you and I  that knows that as the system gradually gets adopted, there is possibility of it replacing the fiat in future.
5471  Economy / Gambling / Re: Primedice.com | Creators of Dicing 🎲 | 29 Billion Bets | 112+ BTC Jackpot! on: August 16, 2019, 03:22:25 PM
Does anyone in the team know when you guys will return the faucets? It makes no sense that because of bunch of abusers the faucet has been totally gone forever, it should come back soon with a solution to abuse. For example don't give people any bitcoin faucet and only give like 1 dogecoin faucet which would be like "we do not want you to ever withdraw but here is some if you want to play a bit" because nobody will ever make 1 dogecoin into something major after all.

I mean maybe find another solution if you don't like mine but whatever the end result is and whatever solution you figure out I feel like it makes no sense to remove faucets. You are basically giving the faucet power to stake and telling people "there is dice on stake too, go play there, we are closing primedice soon" because you are sending everyone there.
5472  Economy / Gambling / Re: 🐺WOLF.BET - Provably fair dice game 🎲 $1,000 Daily Race💰7-day streak bonus🔥 on: August 16, 2019, 08:49:44 AM
Actually you can't do what people want exactly the same because there is tons of players out there and if you are going to hear them and do ehat exactly being told then your site does not have any chance of being survive on this industry. You should actually take it as part of the correction and thats all. By developing your site into a better one of course coming your your team not from others and thats what make an each site unique
Yes I believe, of course you can't do everything that is said to you because there will be some silly ones but usually a critically important feedback is very vital for the life of a casino. If you listen to sensible feedback than you will have a roadmap in your hands given to you by the gamblers instead of trying to find out what you should improve. How do we know that owner would be better at improving the website over the feedback, we don't and neither does the owner himself, hence if you see a feedback that makes sense to implement or fix or whatever than that would be great addition to the casino.

So yeah, you can't listen to ALL feedback but people in charge who can decide on what direction the casino will go should read all feedback and pick the ones that make the most sense to do first.
5473  Economy / Economics / Re: What is the best advice you ever heard in case of investments and all on: August 15, 2019, 06:16:54 PM
I think the best one has to be "do not invest your money into stuff you do not understand". I think it was Peter that said it but many great investors says the same thing including the almighty Warren Buffet as well.

You have to understand what you are putting your money into to really know what you could expect, if you are putting your money into something that you have no idea about than something you do not understand could happen and you could lose money however if its something you understand than you can at least know what to expect and can be prepared for bad stuff to happen if it looks like it.

I personally never really put my money into construction business for example even though its a big business in my country because I never really understood it, but I always put my money into banks because I really know how they work and what I can expect.
5474  Economy / Gambling / Re: 🚀 Sportsbet.io - Main Club Partner of Watford FC ⚽ Fun. 🏀 Fast. 🎾 Fair. 🏆 on: August 15, 2019, 04:40:11 PM
Anybody got lucky with last nights game? It was an insane one, I am not gonna lie after Chelsea got beaten that badly to Manchester united I was half expected them to get destroyed by Liverpool today and for a while it looked like that, we all know as a team for the past 10+ years they have been known for their defense but honestly it looked like Liverpool was attacking every single minute for the first 30 minute or so, it is a marvel the game didn't become like 3-0 in the first half right away.

However, after that something just clicked with Chelsea and until like 50th minute or so they played very well on offense as well, I honestly wasn't expecting this result, I would say maybe barely beating Chelsea would have been sensible but penalties was really shocking to me, even after getting scored on extra time they managed to make a comeback.
5475  Economy / Gambling / Re: 🎲EOSBet.io - Licensed Casino Platform 🎲Provably Fair 🎲NOW ACCEPTING BTC ₿ on: August 15, 2019, 04:09:13 PM
Also when you are giving out money to gamblers its not like you are giving away free money, I mean I understand the notion that "we have given half a billion dollars to winners" is more like we are a company who didn't scam anyone and gave the money but that was literally the money they earned so why would it matter.

Plus, we have no idea how much of that was big whales or actually gambling purposes, I am pretty sure there is a ton of people who put max they can on wager amount and play for the highest odds of winning just to basically farm bet token as much as they can. Hence, half a billion dollars is a great marketing tool but lets not kid ourselves and say that its something unique, there are tons of places that have done this and marketing about this looks like "we haven't scammed anyone!" and nothing else.
5476  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: August 15, 2019, 03:22:38 PM
I doubt they didn't buy a single one of them, if they got it for free you would have to wager like crazy to make that much wagered and get that many tickets, I mean its still possible of course and if you say you checked it than you are of course right since I haven't checked it but Jesus Christ in order to make 477 bitcoin wagers in total, that is insane amount even for a whale, we are talking about half a million bitcoins wagered in dice (or hi/low whatever its called), I am not saying it is impossible but even if this dude did it I am pretty sure there are others who didn't do the wagered amount and just simply bought the coins directly to have a chance at winning.

Wagered gives a good side possibility but doing it as a main purpose makes no sense to me at all, everything in freebitcoin that you get free should be side possibility and not main reason or goal.
5477  Economy / Gambling / Re: Stake.com | The Most Popular Bitcoin Casino | V2 & New games out now! 👽 on: August 15, 2019, 02:41:33 PM
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Yeah, that is why you should be either rich to make that kind of bet or if you are not super rich and just a gambling addict that not putting too much odds is the way to go, I mean what could you win from x4 if you bet with 8k and than lose, there is a bigger chance of losing than winning plus the house edge so you may run out of funds very quickly if you are not super rich, however if you are you can just martingale until you win and have some more money, that is the inequality of wealth, you can afford to bet 8 thousand and keep repeating in doubles until you win and get away with like 30 thousand later on for example however if you are not rich that is the only bet you can barely survive with and if you lose than you gonna end up with nothing in your hand to show for.
5478  Economy / Speculation / Re: Calm down. on: August 15, 2019, 12:58:52 PM
You get the value fluctuated every minute. But this has been happening for long and since inception and despite this all, we have been seeing great turn around and returns from crypto so it is a great thing to have the fluctuation but to the best thing what you can do is to invested when there is a down trend and when the market value of the coin is down.
Dips are always blessing in disguise to me, and anytime there is a dip, instead of joining them to panic sell, it is better that we just see it as blessing and then invest in the dip, whenever the value of the coin is down and then we buy at that moment, it would be impossible for us not to make profit from it even if it is going to be in a shirt term.

I think the moment we invest in a reliable coin like bitcoin, we need to learn to just calm down and continue to study the market every thoroughly for us to be able to make a decision that will give us a very great turn around on those investment coins. As we see some people complain and panic sell anytime that bitcoin goes down, some people are just on system every minutes looking to buy low and sell high.
5479  Economy / Economics / Re: Bitcoin Inception: what Nolan's movie can teach us about blockchain economics on: August 15, 2019, 06:13:18 AM
bitcoin was really meant to replace banks and this decentralized shit system, give people a more freedom but as alway, bitcoin get under the hand of masses (I amn't against making bitcoin popular but it has it's pros and cons) and as every nice shit, this thing got also abused and turned from it's path. A lot of people look bitcoin as an investment option, hold coins and do nothing (money freeze kills economy to my mind) or use it for bad things.
Everything in life has its pros and cons, even your existence has its pros and cons, but there is a leader that is always out in position to control things and ensure that the con of it does not really bring out any negative impact on the society.

The only con I have seen in bitcoin is that it is a decentralized system which created a coin that is being used for anonymous transaction, and if that is the case, I believe that government has too many gurus at hand not to find solution to that even if it would take a whole lot of time. So if this world’s leader sees bitcoin as a threat to some extent, they ought to have just simply regulated it if this system can just be regulated, the advantage of it would really be much greater than the disadvantage of it.
5480  Economy / Economics / Re: Did Satoshi ever mention anything about the taxing of Bitcoin? on: August 15, 2019, 05:20:12 AM
I think taxing of bitcoin is a new topic and I do not like the idea that we are stuck with what Satoshi's vision was, I can totally understand it for the first few years but he is no longer part of the project anymore and to be honest people decide the path bitcoin is taking and not satoshi anymore.

We do not have ethereum and vitalik type of connection which is honestly good, if vitalik comes out tomorrow and says he is no longer part of ethereum team and doesn't like it anymore then ethereum price will fall like crazy, bitcoin doesn't have that central figure that could ruin it in one day. So when moving to segwit for example we did it collectively and not just miners but exchanges and all other places using segwit address' as well.

Taxing is another issue we can handle collectively and not by some individual saying anything about it.
That would never be possible, because if you look at what the development of a country relies on, is it not strictly on taxes? The best way to fight cryptocurrency off the market is to make it fight tax. Government could still support cryptocurrency even if it will affect banks, but if it has to do with stopping the government from being able to get the one that really concerns them, then you should be ready to say a very big buy to crypto because the ban that will be placed on it will be bigger than the whole world lol.

I believe that even as a good citizen of our country, we should not evade tax even with the system of cryptocurrency because that is what will guard the future of our children, some of our children has gone to free school, courtesy of these taxes being paid.
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