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561  Bitcoin / Bitcoin Discussion / Re: Where do you invest 60 BTC? on: October 30, 2019, 01:37:04 PM
Two things;
- divide your bitcoin into 2, half for your savings, bitcoin's price will rise higher in the years to come.
- BTC30 invest your bitcoin into some businesses, retail shop, properties, boarding house, anything that might catch your interest and at least isn't too difficult to learn.
If a business could run without your attendance, then your investment is working.
562  Economy / Speculation / Re: Do we still expect a repeat of 2017 ? on: October 30, 2019, 11:30:14 AM
We can't expect bitcoin to be bullish like in 2017 till the end of the year, considering 3 months left until the beginning of 2020, bitcoin probably can reach $10,000-$12,000 according to some TA that I've seen which seems more likely to happen as bitcoin price still above $9K level.
563  Economy / Service Discussion / Re: Are you interested in having a prepaid card? on: October 30, 2019, 09:49:34 AM
Basically, we were wondering what is the % of people that would be interested in having one? How many people actually already have one and what do they like/dislike the most about it?

It's good to have more options in the market to make it easier transact using bitcoin. I can't say how much the percentage,  but you will find out as time goes on.
How long bitvalex-exchange has been operating in crypto sphere?
I found that currently, bitvalex has 2 team members, CEO Nick Iliev and Founders Gary Guerassimov, how many employees?
564  Economy / Economics / Re: So much for cashless society: cash is gaining in popularity on: October 30, 2019, 06:11:23 AM
it can't be generalized, there are cashless society and citizens in some countries always use cash in their daily lives. Both have advantages and disadvantages on their own.

Quote
If people need less cash to pay for stuff, why do they want to hold so much of it? The answer, it seems, is that they’re turning to currency as a store of value.

If paper money being used as a store of value, it means people believe in the government to maintain its value, but it has proven that the value always declining slowly.
In the end, it just the individual perspective and fundamental understanding of economics, then people will decide where to store their wealth.

565  Other / Meta / Re: Is Cøbra still Co-owner of http://bitcoin.org and http://bitcointalk.org ? on: October 30, 2019, 03:20:55 AM
To my best knowledge: Yes!

~forum's domain is controlled by me. Should theymos disappear, I really have no idea who to even consider as bitcointalk.org's legitimate leader (even more so if there's widespread disagreement on the topic).

If the treasurers and forum staff are interested, we can collectively sign a contract agreeing on some sort of process to agree on a person to lead the forum should theymos disappear, and pledge to obey and follow that persons instructions in order to avoid splits or multiple organizations/sites claiming to be the real BitcoinTalk. Is that a good idea?

Since theymos became the only head administrator left to maintain the forum to date, it's his right to lead the forum, if the treasurers and forum staff have to choose, I believe it will be that way.
But I do agree if there is a contract agreement between you Cøbra and theymos, it feels like both of you are not close, better if you two be a friend or cooperation partner.

I never really hear any feedback on this arrangement from anyone though, the little feedback I have got so far suggests people appreciate that multiple parties have differing levels of control over the forum. The forum is not my top priority since I focus more on bitcoin.org, so if anyone has the feeling they would prefer theymos being fully responsible for bitcointalk.org, it would be good to at least hear that opinion expressed.

Theymos should respond to this.
yes, it's better to have different levels of control over the forum, I like the forum to run the way it is now.
I really appreciate you Cøbra (Jeff Garzik) as a person who has invented the forum's name "bitcointalk", bought the domain and most importantly "trusted by Satoshi". Hence, you deserve to have the title a "forum's founder", side by side with Satoshi.
a question; are you the one who (have the right/created) this account ?? > https://bitcointalk.org/index.php?action=profile;u=1

1. I don't know him personally. He was made a forum and server admin back in 2010 because he had proven himself trustworthy and was able to spend time working on it. Bitcoin.org and bitcointalk.org domains are owned by someone trusted by Satoshi, while theymos has management rights. I resigned from the management, because I'm not active in the community and don't want to be involved in the politics. I don't want to say too much about the debate, as I'm not that familiar with all that's going on.

and finally bitcointalk.org. Fun fact: The name "bitcointalk" was invented by Jeff Garzik, and he's the one who bought the domain.
566  Economy / Speculation / Re: Bitcoin Price Could Surpass $15,000 This Week: Max Keiser on: October 29, 2019, 11:59:19 PM
Similar to Tom Lee, the skeptical me would speculate that Max Keisler has surrendered and has sold some bitcoins with good returns. He might hype bitcoin later again after he buys the bottom hehehe.


Max Keiser’s Twitter feed fell silent on September 23, and is to date, yet to resurface. There was no indication that an extended break was inbound in any of the 48 tweets and retweets posted by the account that day. To say Keiser is prolific on the platform is an understatement, which makes the subsequent silence all the more puzzling.

Has Max Keiser literally run out of things to say? Or did something else happen which stole his Twitter mojo?


Source https://bitcoinist.com/wheres-max-keiser-4-weeks-and-zero-twitter-activity/

Has Max Keiser's week already passed? I reckon that he might be competing versus Tom Lee as the most inaccurate, comical and most hated human bitcoin price predictor in the cryptospace hehehe.


Easier to say but harder to admit mistakes as bitcoin didn't reach $15K.
We know bitcoin has great potential, but let's be more rational regarding predict the price because bitcoin's volatility makes it easier to pump and dump it, we have seen bitcoin price increase thousands of dollars a day and vice versa.
Nevertheless, it just a prediction, someone can be bullish or bearish, nothing wrong with it, people should not take it too seriously due no one knows the future for certain.
567  Bitcoin / Legal / Re: Can We Expect A Legally Compliant Bitcoin Bank Soon? on: October 29, 2019, 10:37:55 PM
In the bank you can file a loan with your bitcoin or crypto as the collateral.

All it would take is a few violent moves and the bank is totally screwed. There's no way loans and crypto will ever work smoothly together.

What most people will want is a bank that seamlessly interacts with fiat and crypto. Since such a bank would be a little fish in a big pond it would be bullied out of business.

Loans and crypto still work very well all the time, at least in this forum Cheesy if someone can't pay his loan, then the collateral is taken or negative trust, the same thing will be applied if there is a bitcoin bank, yeah collateral works., finally the debt must be paid.
Since the bank serves for fiat currency and bitcoin in another path, so we just have crypto exchanges offers to buy and sell cryptocurrencies that cooperate with the bank.
don't know if there is someone or a community tried to create one, hmmmm but it will still be linked to the conventional bank for fiat currency, right?
568  Economy / Exchanges / Re: Egold withdraw in yobit works on: October 29, 2019, 06:22:19 PM
wallet maintenance often occurs when the exchange is doing an upgrading about a particular coin.

but the one that we don't know is how long will yobit complete the maintenance?
because i think there are many coins that have the same status with EGOLD

Exactly, there are some coins which can't be withdrawn due to yobit's wallet maintenance, Egold, BNB, and EOS for instance. I've asked about yobit's eos wallet and the support said;
"EOS-coins moved to a new blockchain, the integration which is not ready at the moment. We will announce the completion of the work on Twitter"
The problem is we don't know how long it takes until the wallet works again, so I've decided to sell my eos.
569  Economy / Speculation / Re: The Price of BTC on: October 29, 2019, 04:08:54 PM
Every asset price is determined not only by fundamentals, balance of the company, or whatever metric. The price is determined mostly by investors expectations about the future.

https://www.investopedia.com/terms/m/marketsentiment.asp

For example, even if you metric is correct, but there is a strong felling that energy prices will go down, or that bitcoin will be banned in US, the price will fall.
The metric is necessary to establish a rational base price. Any deviation from the base price is irrational and shouldn't dominate the market.

While your point of view on metrics might be true and I agree if there is a rational base price to avoid massive dump, but it isn't the case for bitcoin price, yes it can be a reference but we know the price mostly defined by the market.
Not only bitcoin, everything in this world, the prices determined by two parties (buyer and seller), even for something precious which holds higher value like a diamond or luxury cars, if no one wants to buy, it means nothing "0" in the market.
If bitcoin price set by hash metric, then its price will always rise up since there always more people who want to become miners and more ASICs add to the network.
570  Other / Beginners & Help / Re: TRYING TO KNOW MORE ABOUT TRADING BECAUSE THAT IS WHAT I PICKED INTEREST ON. on: October 29, 2019, 02:52:38 PM
For the first thing, just learn about the coins you might be interested to trade, such as bitcoin, usdt, bch, eth, ad so on.
I have been following some people in this forum, twitter and tradingview site who give their thoughts about the market situation and provide TA including the charts, you may want to pick whoever you believe have the best prediction. For example, just check this one; https://bitcointalk.org/index.php?topic=5146383.0 his predictions are pretty good.
He said;

I'm often asked about what to start with in trading
Start with math! 📊

Right position size is a significant contribution to your success. Explore:
https://optionclue.com/en/best-articles/positionsize/

571  Bitcoin / Bitcoin Discussion / Re: Survey on Bitcoin ownership on: October 29, 2019, 01:50:37 PM
Example:
2 our of my friends hold some bitcoin or altcoin or 6 out of 12 relatives also hold some coins, I live in Bartovia Tongue
But put a bit more spirit in it.

I thought about doing it on google sheets but I really can't stop that from getting abused by somebody bored so..this is it.
I'm seriously curious about those numbers and if the mentioned percentage are reached even when centered around a bitcoin.

Oh, and please be honest about it.


I live in a small city in Southeast Asia, will tell in pm if you ask my country.
just two of us, me and my friend. He told me about bitcoin and here we are.
Mine, mostly in bitcoin (more than approximately $500) and still trying to accumulate more, a little bit of bch, eth, eos, and waves.
Those altcoins are the way to obtain more bitcoin. Hopefully, could add BTC0.1-BTC0.2 by the end of the year.
My friend, ummm he holds mostly in ETH and a small portion in btc (more than approximately $1000)
572  Bitcoin / Press / Re: [2019-10-26] John McAfee Doubles His Bitcoin Price Prediction on: October 29, 2019, 10:28:27 AM
Nothing will happen in 431 days later, neither eat his own dick nor bitcoin reach $1 million, forget about $2 million.
The best price I expect is bitcoin be able to reach the ATH $20K, even though there is a possibility that bitcoin can reach a higher point like $50K.
It's great if bitcoin rise up to $15K by the end of the year, but I've predicted bitcoin at $10K on December 31st.
573  Economy / Economics / Re: Fiat currency value and Economy debt on: October 29, 2019, 08:16:16 AM

During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted

So in my opinion Bitcoin Can Go up like 100k to 500k.  Even 1 milj.... But at the end it will crash. 
And after crash the fiat currency Will have biggest purache power.  Crypto Will be zero. 


Just in your fantasy, it's in real life, come on..
Some of your imaginations will not ever happen.
Nevertheless, I do agree about bitcoin has the chance to reach $100k to $500k but will not crash to zero.
Fiat currency's value depends on the government regulation maintains its value, it will have bigger purchase power if the economics grows positively and the price of goods and commodities goes down.
574  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency in the next financial crisis on: October 29, 2019, 06:24:50 AM
   
Therefore, in such a doomsday situation you have to come up with a situation in which you can trade with people in order to survive. There are two solutions I can come up with, either using precious metals such as Gold & Silver or using Cryptocurrency. Considering that fiat currency is useless, Cryptocurrency might raise in value so that it can be useful as a means of trade as long as the Internet still exists which will most likely be the case.


Economics recession is different from doomsday, fiat will still worth something as long as a country still has something as back up such as gold reserve.
The most important thing should be the agriculture industry to provide enough food for citizens.
Doomsday will happen after the nuclear war, which means the internet will go down i.e vanish, so does bitcoin.
in this case, even gold will lose a lot of its value, food and clean water are the 2 most important commodities, that's why if you watch National Geographic where some people prepare for the doomsday, they built fortresses, equipped with weapons in order to protect themselves and their food supplies from others.
575  Bitcoin / Bitcoin Discussion / Re: From financial debt to financial stability- thanks to bitcoin on: October 29, 2019, 04:59:51 AM
I used this topic since I wanted to share my experience before I engaged in bitcoin. In 2013 I lost all of my savings when I joined AMAN Features. AMAN Features is a pyramiding scheme in guise of a trading investment that took billions of pesos around the Philippines. Because of that I was full of debt, after year I got married and at the same time my wife gave birth to my son. My debt has increased again and because of the interest from the debts I can only take home 10$ every 15 days to feed my family. Of course that was not enough and so I again applied for some loan from a different individual so I can provide the needs of my family especially my 1 year old child. In 2015 I was lucky to be hired as a regular employee but because of my debts my salary just went to the loan sharks. At the same year I look for online jobs but I failed but what I encountered was the bitcoin faucets online. I started collecting faucets and I am earning half a dollar per month. My mother, brother including my wife were laughing and they told me that my eyes will just get painful and I will not earn something, it is not worth it they said. Finally in 2016 I did some affiliate marketing and one of the owner of that company noticed my talent and hired me to be a part of their company with my salary in the form of bitcoin. With my salary I started doing trading while doing signature campaign and guess what by the fourth quarter of 2016 I actually paid all of my debt. Right now my journey from being drowned in debt was exchanged to a financially stabled life, my family is now eating good food, I can send my wife to college including my child, I now have a simple house worth 14k$, I bought some appliances clothings.

Without bitcoin my life was a mess, I was full of stress. But bitcoin changed my life and here I am now a financially stable individual. Though I am not a millionaire but I am no longer in poverty.

Whats your bitcoin life changing story?

The essence of the story;
- do not trust the hype pyramid scheme
- do not invest all your savings, don't put all eggs in one basket.
- do not loan for something unnecessary.
- do not loan from loan sharks.
- believe in bitcoin

I appreciate how your life changed because of bitcoin, even though I don't have a sad story, thanks to my parents but at least I'm no longer asking for money from them.
576  Economy / Economics / Re: Bitcoin Buyers Club on: October 29, 2019, 03:44:10 AM
I've been tossing around the idea of starting a group of people who are committed to buying Bitcoin every month. Can be a small portion, like 5$, or however much people can afford (I suppose it would make sense to use higher amounts for fee reasons, though). I myself have set up a monthly wire transfer from my bank account to Coinbase and a recurring purchase of Bitcoin every 1st day of the month. This is really simple, and you keep investing and $-cost-averaging your BTC purchases.

Who's in?

I created a Google Form where anyone who wants to "join" can do so: https://forms.gle/rjD81677yipAVhtaA

This is too risky and not sure if this will work out in this volatile environment as what you are planning involves money from a group of people.

No, it's not risky at all if you know the price fluctuations and plans to hold for the long term, at least we know bitcoin will reach over $20K next year or in 2021.

you will be held responsible if things don't go well because most of them might not invest small amount due to the transaction fee as you have already mentioned and there are some people who might be concerned about their anonymity as well.

No, he's not responsible to anyone or anything.
People who decide to buy bitcoin at their own discretion, @grintsch doesn't compel anyone to join the club nor he holds other's bitcoin.
You simply buy bitcoin and keep it in your wallet.
577  Bitcoin / Bitcoin Discussion / Re: China Has Something to Do with Bitcoin's Price Increase After All on: October 28, 2019, 10:44:02 PM
This is really good, but I have doubts that China will support Bitcoin.

Of course they won't support it. They may give attempting to control it or subvert it a try within China.

A Chinese bank just bought into Bitpie, the biggest Chinese Bitcoin wallet - https://en.cryptonomist.ch/2019/10/28/china-merchant-bank-buys-bitcoin-wallet/

At the very least that likely means attempting to bring Bitcoin users into their surveillance, or rather more than they do already.

Then she said;
All I can say is this to me it's a sign of begining of the nationalization of Bitcoin/Cryptocurrency related infra in  mainland

Eventually, all things can be state-owned, or at least partially (mining, ASIC, exchanges, wallets, etc etc)
Link

However, it's nothing until proven to be true. I don't buy Chinese news regarding bitcoin, they can't control it, they can't control bitcoin users although they have banned major things related to bitcoin.
578  Economy / Speculation / Re: BTC 20,000 USD by the year end. on: October 28, 2019, 08:59:55 PM
Oh you mean that supposedly famous meme from reddit about 16k by October? Next we'll be pulling out that other subreddit from that time traveller that ignores he's already wrong on several counts.

Does anyone else here think 20k twice in the space of 2 years, without an actual "crypto winter" having arrived would be too soon?

Are you guys tired of accumulating at low prices? Wink
Am I de javu now?

look at this thread

https://bitcoinist.com/bitcoin-price-prediction-expect-price-to-double-by-the-end-of-2018/

Looks like this site is really love to feeling the bull at the end of every year consistently Grin

However i would say those three reasons is too general... especially speaking about the Chinese traders response on recent china president xi Jinping, it's just simply exaggerated and I believe the current price spike won't last for too long, so just be careful ... there might be a sudden fall just like yesterday sudden spike.

This is not gonna happen, 2 of the reasons aren't relevant to the increase in the price of bitcoin.
Bitcoin dominance isn't contributing to bitcoin price's increase or declining, it just shows how popular investing in bitcoin compared to other altcoins in the market.
There is no such thing like Chinese traders going FOMO, their government has banned cryptocurrency, cracked down exchanges and miners which makes it difficult for people to trade bitcoin. Sometimes you'll find articles from bitcoinist is not newsworthy with the poor quality articles and ridiculous points.
579  Economy / Economics / Re: Bitcoin Buyers Club on: October 28, 2019, 03:55:03 PM
It does not have to be a club. Everybody who is serious enough to build a treasure with Bitcoin will always set aside a tiny portion of his regular income to buy Bitcoin. And not just Bitcoin, it could be divided among solid altcoins as well. The better club is HODL club. Not everyone who buys Bitcoin is committed enough to HODL them for a long time. Many are emotional owners. They cannot HODL when the times are bad. HODL club is made up of stronger Bitcoin supporters.

Sure, I don't mean a club where people need to sign up. More like a board where people display their commitment by telling the rest of the world that they're investing in the long-term.

I'm not sure about pure HODL. If everyone just hodls, what happens to actual adoption? People should be spending at least a portion of what they buy every month to foster adoption, even if it's as little as buying a Cryptokittie or playing some other blockchain game.

So, this will be the board of people commit to buying bitcoin every 1st day of the month?
While it's a good idea for the long term but not really if you have to spend it to buy something when the price drop significantly, imagine if bitcoin price is $10K in the 1st day, then it drops to $8K a few days later, a bad idea to spend it at that moment.
Well, I prefer to buy bitcoin every month, not always in the 1st but whenever I think it's a good entry point, then hold it until an unspecified time. Usually, I will convert my bitcoin to cash in order to buy more btc after the price tumbled. Anyway, I'm in.
580  Bitcoin / Press / Re: [2019-10-26] Crypto Owners in US Have Risen 81% YTD on: October 28, 2019, 02:21:54 PM
What is completely wrong is the number, 35 million or one in every 7 Americans.

That would mean that 4 of your colleagues in school or high school would hold crypto, each family would have at least one member holding crypto, in every bar you enter there would be at least 2-3 holders...
Neh, it's impossible.

2,3 even 4% yeah, 14%, simply no!


Indeed, 36.5 million is simply impossible currently. 2,068 participants did not represent the actual 36,5 million, thus it's not even close to accurate.
I'm more curious about how did they survey the number of bitcoin adopters, it's better for them to check every exchange in the U.S.  although many people keep their bitcoins in private wallet.
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