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5621  Bitcoin / Press / Re: [2017-09-30] Morgan Stanley's James Gorman Offers Rational Words on BTC on: September 30, 2017, 12:16:30 PM
It's funny how US financial institutions are more and more popping up to share their *opinion and thoughts* regarding Bitcoin. It's clear that Goldman Sachs, which is quite surprising considering their reputation, is the absolute bull amongst all. It's not only words coming from Goldman Sachs, but also very accurate predictions, which on the other hand makes me feel that they have something to do with all of this. It's quite impossible for anyone to accurately predict the market like Goldman Sachs did, unless that entity is a serious market mover - they definitely have deep enough pockets for that. One way or another, they all have their motives for how they publicly think about crypto in general - manipulation is the end goal.
5622  Economy / Trading Discussion / Re: time for trading on: September 30, 2017, 11:42:55 AM
The volatility is too big leads to a problem, you can not easily choose the right point to buy or sell. And of course if you're buying or selling the wrong timing, you lose very fast cause as you said they changed big for everysingle 5 minutes. Actually in this case, you should do anything when it happens.

Volatility leads to problems for people not understanding how to trade this market properly. Solid traders are prepared for whatever level of volatility that comes their way, and the more severe the volatility gets, the more profitable their trading sessions become. People quite often underestimate trading because they look at the charts and see that the market has bounced up and down, but at the moment they are going to dive into trading, they suddenly don't know what to do anymore. Everything that they end up doing, will be nothing more than a blind guess/gamble, and that's exactly how people land themselves into big losses - there is no way you can keep depending on luck endlessly.
5623  Bitcoin / Bitcoin Discussion / Re: South Korea Bans ICO's/Your Opinion on: September 29, 2017, 08:54:47 PM
Fantastic! It's a scam fest that has been going on for far too long now. ICO's essentially are a great way to attract capital if done properly, but in a market that till this day is still massively under-regulated, it has been abused by con artists in such a way, that I can only be glad that something is being done to stop this. Setting up an ICO and investing a few thousand bucks to make it all look nice and crisp is insanely easy, where after that you can walk into a Ferrari dealer to order yourself one of world's most desired sport cars. It's beyond insane how empty projects in some cases manage to collect millions of funds in just a matter of 24 hours. But then again, why do these scam ICO's manage to successfully obtain millions of funds? Yes, it's the greed and stupidity of those delusional people blindly investing into everything they can find.
5624  Economy / Exchanges / Re: Yobit Support on: September 29, 2017, 08:29:03 PM
How you decided problems with Yobit? Maybe someone know about social account of Yobit holders or support?
I have tickets without any answers: #157099

Contact Yobit through the forum by sending him a PM -> https://bitcointalk.org/index.php?action=profile;u=406594
Or send Yobit a PM through Twitter -> https://twitter.com/YobitExchange

It seems that the support staff isn't at all capable of providing solutions, which might explain why it takes insanely long for problems to be solved. That gives me the impression that there is only one entity being able to solve problems, and that's the operator himself. All other staff members can only provide people with support in form of advice - they don't have any authorative positions there. It's an experimental exchange that has grown far too big throughout the years, and that definitely shows - there is no intention to hire professional staff.
5625  Economy / Exchanges / Re: ***Warning: Visited Poloniex' "Corporate Offices" ***These Are My Findings*** on: September 29, 2017, 07:59:11 PM
Have I received my funds? Yes, And I go in detail in post number 6 about Poloniex's "magic secret" to getting help. At least it has always, finally, worked for me.

They haven't responded to me in well over a month, and I fulfill all criteria. My issue isn't deposit based, however.

That shouldn't matter. People waiting for a response regarding a deposit not showing up, cash out requests being stuck for weeks, verifications not being looked into, etc, everything points at Poloniex simply not giving a damn anymore about their customers. It might be because the owners have full pockets due to the massive previous volumes they were generating, or they are facing serious legal issues in the background that people here aren't aware of. Poloniex has always been a top exchange, but they for whatever reason got messed up big time - this definitely isn't an exchange I would people advice to join.
5626  Economy / Economics / Re: China's influence on bitcoin is becoming insignificant. on: September 29, 2017, 11:54:44 AM
I agree, China wanted to control Bitcoin and maybe wants to regulate the usage upon entering their country, that was why they wanted to ban ICO's and exchanges but I know for sure they will go back and still invest in cryptocurrencies. Time will only tell and they'll be back for more.

It's pure market manipulation combined with an attempt to buy time in order to come up with even more controlling/stricter regulations. I am quite confident that we'll see Chinese exchanges return their operations back to normal at some point. After exchanges, the speculation around miners in China having to shut down as well are starting to boil - it's obvious that the first attempt to crash the market hasn't resulted in success for the entities behind all this. If people stop focusing only on China and finally disconnect themselves from that country, then everything they come up with won't have any affect on the market anymore. Let them force through whatever regulations that they feel is necessary, let them ban crypto entirely, we shouldn't give a damn about this.
5627  Economy / Speculation / Re: Bitcoin trend starts to climb? on: September 29, 2017, 11:16:43 AM
it's because korea have banned ICOS there and it affect the market a little bit , maybe korean citizien are cashing out their money but its just temporary just like when china regulating ICO
We'll soon will see bitcoin price rising again after this chaotic moment passed, just calm.

I would love to see a total ICO ban being implemented world wide, and not just in a few countries. The ICO market has grown into an absolute scam fest, and this is something that needs to be ended immediately. I am not against ICO's in general, but this market needs to be reorganized and heavily regulated before it should be allowed again. Other than that, the market doesn't seem to be affected at all - the ups and downs the market experiences right now is just normal volatility. Overall, the market has been performing better than I expected it to do, and that with everything that happened recently.
5628  Bitcoin / Press / Re: [2017-09-28] In Venezuela, 1 Bolivar Now Equals 1 Satoshi on: September 29, 2017, 10:36:47 AM
Perfect example of what's wrong with this world. Currently it's Venezuela, but eventually every fiat currency in the world will end up exactly like this; a status where the value of a single fiat unit has absolutely no value. Bitcoin offers a way to obtain financial freedom, and a way to escape this on debt based system, anyone not utilizing Bitcoin while knowing it's an available option, will have to accept to consequences of not having done so at a later point. Even the wealthiest countries in the world aren't exempt from going through the same difficulties at some point in the far future. It would be cool to see a picture of how much 1BTC equals in VEF paper bulk. I can remember having seen such a thread quite some time ago, but it was just 0.01BTC worth of paper bulk if I'm not mistaken.
5629  Bitcoin / Press / Re: [2017-09-29]Japan's FSA approves 11 companies as operators of crypto-currency ex on: September 29, 2017, 10:00:46 AM
Nothing to be surprised about since we know how open minded and well willing Japan is in terms of crypto currencies. Funny thing is that no matter how positive the developments are in Japan and South Korea, people still focus on a non contributing country such as China. Even if Japan and South Korea combined approve hundreds of exchanges in the same way, China just need to fart one time, and a whole lot of idiotic panic sellers will ruin everything in a matter of days. People in this market need to grow up or just withdraw themselves from trading and investing in crypto - it's for their own safety. The only thing they are doing is burning through their capital.
5630  Economy / Trading Discussion / Re: Is China still going to ban bitcoin exchange in China on: September 28, 2017, 10:24:37 PM
Those news already passed and china won't make any speculation any more with ban.

Not? I think you should look back at how things have gone in the past with Chinese garbage announcements. Yes, once they have reached their boiling point they slowly vanish, but they'll return - that's something we have experienced far too often to not take it seriously. As long as there are enough empty headed chickens selling their coins like mad every time China farts, they will keep repeating this and thus continue to buy up your discounted coins, and sell them back to you at far higher levels later. People for once should ignore China and understand that they no longer are the central crypto hotspot in Asia. Everything that happens in this market is pure market manipulation, people still have to figure this out.
5631  Bitcoin / Bitcoin Discussion / Re: Do we need to pay income tax if we earn through Bitcoin or Altcoins?? on: September 28, 2017, 09:53:34 PM
I sure with the existing rules and regulation everyone who makes money trading should pay the tax as long as you convert them to fiat currency you are obliged to pay your tax and if not you would end up in trouble at a later time as you would be forced to pay fines for not filing your taxes properly.

It's not only if you convert your coins to fiat, but also if you gain profit from trading solely crypto versus crypto. Important thing to focus on with regulations being stricter every year, is that while we don't know it, the exchange in question might be sending all our trading information to the government. I haven't paid any tax over my gains at all since I bought my first Bitcoins in 2013, so I gave my local government a while ago a call to ask what their stance is and in what category earnings through crypto fits, and it should be pointed out that I was happily surprised to find out that the tax over my gains sit below 1.5%. Negative aspect of me declaring everything I hold in Bitcoin is that my overall wealth increases significantly in the eyes of the government, where the ~1.4% tax I already pay over my fiat wealth will now result in the government gaining more from me. Lips sealed
5632  Bitcoin / Press / Re: [2017-09-27] Russian Regulators Disagree on Crypto Regulation, Postpone to 2018 on: September 28, 2017, 01:25:23 PM
That's why I said that I take everything with a bag of salt. They always contradicts themselves to a point that it seems they are just talking nonsense and riding the popularity of bitcoin.

All Russian related crypto news should be discarded by default - they have done nothing to prove the public that their words hold value, so how are people supposed to take their words serious? It has been going on for a few years now, and there doesn't seem to be an end to this nonsense. I am glad that there are other countries doing that what is right, and properly implement the required regulations that this market so badly needs. Some people see regulations as a bad thing, but it really isn't - it's something this market needs to grow further.
5633  Bitcoin / Press / Re: [2017-09-26] Ex-Fortress Billionaire: Crypto Market Will Be 'Largest Bubble of O on: September 28, 2017, 12:55:55 PM
All cryptocurrencies have the signs of a bubble. Someday it will burst.
The only moment this "bubble" will burst is when crypto in general has been deemed obsolete by whatever newer technology/tool, and its demand plummets to the absolute bottom. Great thing about Bitcoin is that it can be updated throughout the years in order to allow itself to cope with the increased demand, and the need for whatever other features being built on top of this protocol - Lightning Network is a great example. People should see the difference between a bubble that is growing larger purely because of greed, and a tool that increases in value due to legitimate demand. I am as bullish as ever, and I am quite sure that we'll see this market grow to far higher levels than people think is possible right now.
5634  Economy / Speculation / Re: Is PayPal now feeling the pressure from Bitcoin? on: September 28, 2017, 12:17:12 PM
People were surely complaining about the fees. That's basically what stopped me from using paypal. They have their own transfer fees and conversion fees on top of it if you're receiving a foreign currency. It's strange that people are still using them when they're so expensive. The market is changing so they will have to change too or get devoured.

People go for the payment option that offers them speed, convenience and a wide level of acceptance - PayPal nicely fits in that category. I have seen plenty of people complaining about PayPal for various reasons, but yet they continue to use that service, because as I pointed out, it enjoys a wide level of acceptance. Basically any webshop here allows people to pay with PayPal, and if you see people selling stuff on the local market site here, they also happen to accept PayPal in most cases. It clearly shows that despite the annoyances of PayPal, people aren't willing to ditch it for something else. As long as that isn't changing, we'll see PayPal remain a market leader as payment platform.
5635  Economy / Economics / Re: Bitcoin successfully defeated China on: September 28, 2017, 11:32:07 AM
Chinese people are smart and they will not use the token or coin that their government will produce because as you can see that bitcoin has a lot of great features and if the token or coin of the government own crypto will not have a better features or at least the same feature of bitcoin then it will not receive or get long lasting supporters.

It highly depends. If you look at the large portion of the average joes, they highly value anything coming from their government, because their government is the only entity to be trusted when it comes to issuing a new currency. I often see how certain news channels 'describe' Bitcoin, but then explicitly points out that Bitcoin isn't issued by the central bank like is the case with fiat, and that exactly there lies the danger. Roll Eyes You can bet your money on it that a whole lot of these average joes take this very seriously - for them the government is the central point of everything. It's a damn shame that people don't have the balls and self respect to step out of this system.
5636  Bitcoin / Press / Re: [2017-09-25] Forbes: Why China's Ban On Bitcoin May Be Temporary on: September 28, 2017, 10:37:13 AM
I hope they will ban forever, this way, they will be out of crypto-currency forever and can't control bitcoin prices.

Nah, this is something that won't happen. If they end up banning Bitcoin entirely, they will never have the same level of control in comparison to when they are heavily regulating the crypto market. China is just buying time in order to get their 'business' done where they will implement far stricter regulations. All information about every satoshi or penny that people deposit in their account will directly be played to the Chinese government - this to grant the government every bit of information about whatever individual, and that's exactly what they are looking for. If we look at how the market responds to every announcement coming from China, then it's safe to say that the problem isn't China itself, but all the people falling for it - no one is forcing you to sell your coins like there is no tomorrow. People think that China is the main country in this market, and that's something they have to let go. Let China do whatever it want, why do we need to drag the entire market down just because of that? It doesn't make sense.
5637  Economy / Trading Discussion / Re: Stocks or crypto ? which has great future? on: September 27, 2017, 10:24:00 PM
Being an investor in both the assets, I think that stocks as well as crypto have great future. The stock market will go up as long as the crude oil prices remain low. And crypto will go up as long as the Bitcoin user base continues to expand.

Problem that I encounter when looking at the stock market, and my previous stock trades, is that stock trading is looking like a useless practice when comparing the returns with everything I make with Bitcoin. Why should I pump $10,000 into whatever stock to gain like 5 to at best 10% anually, if I can gain like 50-100% from Bitcoin's volatility alone. And then we still have the increasing price as bonus on top of that. In that regard, people are far better off putting their capital into Bitcoin rather than putting their money to sleep in stocks, because that's exactly how it feels. Why drive a Toyota if you can drive a Ferrari? Doesn't really make sense to me.
5638  Economy / Speculation / Re: is bitcoin bubble? on: September 27, 2017, 03:18:05 PM
Do you still believe it is a bubble?

People don't have the ability to see Bitcoin's usefulness, because they are here just for one thing, to make a few quick bucks whilst investing, or whilst participating in signature campaigns. They don't understand what the effect is of the constantly increasing demand - they just open whatever chart, see that Bitcoin was below $1000 last year, and almost touched $5000 this year, so it has to be a bubble. No matter how much explaining people here do, if the will to understand Bitcoin and its market aren't present, it won't have any impact on them - they will remain ignorant. We'll see news sites, self claimed experts, ignorant chickens, etc, keep repeating this bubble talk even if we're hovering above $10,000/$50,000 levels - it will never stop.
5639  Economy / Speculation / Re: Chart of the Day | Bitcoin Above $4000 on: September 27, 2017, 02:39:53 PM
I wouldn't be surprised if this is the start of btc going back to the 5k level, granted there is resistance to break through but I have a feeling some good news will be coming soon.

Everything is possible, but I highly doubt that with the November hard fork in mind. The only thing that will make us smash through that level again before the actual hard fork takes place, is when miners distance themselves from this hard fork, but that's likely not going to happen entirely considering that we have a few malicious miners to deal with. After the dump below the $3000 level earlier this month, we managed to recover all the way till $4122, but +$4100 didn't manage to hold, and in the same way I think current levels won't be maintained for long. And what is 'good news' that you feel might be popping up soon? Aside from more miners pulling back from that hard fork, there isn't any news I see have much importance.
5640  Bitcoin / Press / Re: [2017-09-27] Back Above $4,000: Bitcoin Eyes Next Major Price Hurdle on: September 27, 2017, 02:12:03 PM
All these forks have just one intention, and that's gaining millions and millions of dollars instantly. Firstly we have seen an obsolete shitcoin called Bitcoin Cash come to life, and now we'll potentially have another one pop up, and perhaps even one in November... Roll Eyes If this 'Gold' fork starts to look like its going to get initiated, I am fairly sure that we'll experience the same result as with Bitcoin Cash, and that's people buying up more coins in order to have more of these shitcoins waiting for them in the other chain. I still haven't cashed out the BCC's being connected to my 2013 cold wallets, and I am not sure if I ever will - the only thing that will make me do so if the BCC price for whatever reason jumps up to +0.2BTC levels again, but that's not likely going to happen.
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