Bitcoin Forum
June 01, 2024, 10:21:16 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 [286] 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 ... 383 »
5701  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Manipulation of cryptocurrency exchanges. on: July 06, 2019, 04:27:06 PM
I think they are kind of right, I think it should be done too. I mean think about it, you probably know some coins that rarely ever get any volume, they are done and nobody trades them, if you have 50 thousand of that coin whereas the daily volume is like maybe 5 thousand at best, you will have to spend a lot of time and lose a lot of its value until you can manage to sell it, what normally would make you 0.3 bitcoin if you could sell it at market price will take you a month and would return 0.15 at best.

So, as you can see that is the small scale problems with low volume, when it comes to top of the list like bitcoin and ethereum all exchanges should make these kinds of fake volumes so it looks like bitcoin is still interesting or even if its interesting make it more exciting.
5702  Economy / Speculation / Re: somebody pulled the flush yesterday on: July 06, 2019, 03:41:22 PM
I think the difference between panic sellers and whales is that whales can afford to lose and they are eating up that risk to make more money while panic sellers are usually people who are getting into bitcoin with money they actually shouldn't and whenever it gets low they are definitely risking all of their livelihood so they get out as quickly as possible to keep themselves from going broke.

Not because whales are smart and panic sellers are idiots, if you give one of those panic sellers thousands of bitcoin and say trade this then they will do the same thing a whale will do, so its not the fact that whales are smart but your trading habits change in a second when you happen to find a lot of money to trade. I have met with whales and panic sellers and the case was always like that.
5703  Economy / Speculation / Re: Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021 on: July 05, 2019, 06:53:17 PM
this may be the last halving to have a significant effect.
You mean by upcoming halving, we are going to have supply under 10 BTC for every 10 min and by 2024 halving, we will have supply under 5 BTC means negligible supply compared to original supply of 50 BTC ? It means after this upcoming halving that we are going to have only demand against almost zero supply (a supply which is only enough for satisfying less than 10% of demand) ?

Halving may NOT lose its significance over reduced supply as supply is happening for every 10 minutes and this short time frame (compared to Gold mining or Crude oil production) may still bring enough significance to all upcoming halving.
5704  Economy / Trading Discussion / Re: Did you earn from the lastest bull run of BTC 3k4-8k3?? on: July 05, 2019, 03:07:16 PM
Did anyone bought BTC at 3k4 and sell BTC at 8k3 for real? How many percentage of profit did you earn from the recently bull run??
Did anyone ask your self why you always miss the train and then regret and decide to fomo?
Let's disscusion about our mentality in trading. It's really a problem for all the traders, especially the news one.
Professional traders in this group please give some advices. Thanks!!!!!
I think it is not about greed anymore, its just common knowledge plus how much money you need. First of all if you have enough money to just live and not touch your bitcoin then why would you cash out your bitcoin. I seriously think bitcoin is something that will get bigger and bigger with time, not that many people deny that fact, yeah maybe we will have years like 2018 on the road but don't you think by 2030 the price of bitcoin will be way higher than right now?

Even if it goes up and down until then? Which means if you can live without your bitcoin money, there is literally no reason to cash it out. A person with the knowledge that in 10 years bitcoin will worth more and he doesn't need to cash out for something should be keeping his bitcoins safe and not cash them out, its not greed, its common sense.
5705  Economy / Trading Discussion / Re: Don't FOMO in if you don't have what it takes - PATIENCE! on: July 05, 2019, 08:59:31 AM
There are tons of people like this, I have met with someone who literally sold NANO when nano was under 1 dollars and right now its not way higher than that but its at least a bit above but the idea is that why would you sell something you lost 80%+ value of ? I mean isn't it obvious that you will probably make at least some of it back.

Look maybe you won't profit from it, maybe you will have to wait a lot or at the very least maybe you will lose a bit, but nothing in the world would make me sell at 80%+ loss unless I have to pay something urgent and I have no other money left. That is why I keep seeing these type of people who sell when they are down because they can't wait and think it will go down further and I just feel very sorry for them, I have a friend who has been keeping his SYS for over a year and he hasn't sold, I respect him a lot.
5706  Economy / Trading Discussion / Re: AVOID trading at all costs, unless.... on: July 05, 2019, 08:16:10 AM
I think "trading" could be difficult but investment is not and some of the people here mistake what investment is and what trading is. I mean trading is buying and selling something to make a profit and for their full information that is what investment is, if you buy bitcoin right now and sell it 4 years later that is still buying and selling and making a profit so they think that is trading too. That is not trading, that is literally investment.

So, if you are new and want to buy something and not look back for years then you can totally do it, if you are new and want to trade that is risky as hell. I had a friend who bought from peak 20k times even though as the only person he knows that deals with bitcoin I told him not to because he would have to wait years. He didn't listen and bought anyway and sold it when it was 8k or so, I mean even if you are new and gonna do something, at least listen to your veteran friends.
5707  Economy / Gambling / Re: ♨️🎲 WINDICE.io 🎲 Choose your lucky number 🔰 Progressive Faucet💰 Jackpots 🎁❤ on: July 04, 2019, 04:40:51 PM
I think 80 million wagers is not as big as you guys make it out to be, its the time they have managed to hit it thats huge.

I mean if you have a casino that reaches 80 million in 10 years that is not that great, which means if you take it all by itself 80 million is not the achievement here since we applaud places that does it in 1 month but find it loser if they do it on 6 years. That is why I think we should focus on how quickly windice became big, they are not even 6 month old yet I think and they already broke the 80 million number, you can calculate how much big places like stake (which had the help of primedice) gets wagered daily and compare it to windice and you will realize that windice is as famous as the biggest ones out there and that worth a ton.
5708  Economy / Gambling / Re: 🎲 Dice on BTC in Telegram on: July 04, 2019, 08:06:09 AM
How do you do coding for this one? I mean to people who have no idea how a telegram casino is run, would you help us understand how you innovate and add or remove stuff from it? Because, to me it looks like this could be basically the security out there considering it is just a telegram bot basically, if you have a simple telegram bot then how can someone hack you?

There is no website to be hacked, it is just telegram, so in one way this looks like the best security out there and maybe if you explain that to us as well we may actually find something that no other casino has in security stuff. Of course maybe its my ignorance and I am very wrong, maybe its equal chances of getting hacked on telegram bot and casino website, who knows? I just never really understood how you code something for a telegram bot.
5709  Economy / Economics / Re: Issuing loans in Bitcoin, how we could do it on: July 04, 2019, 07:36:23 AM
There was a company that did something about loans with collateral and it was literally automatic. I know people are not really fans of doing it since they could literally just sell whatever they have if they were so much in need of money instead of give it as collateral but as a service for people who are looking for it that was a start.

You would for example get 100 dollars loan from them in bitcoin and give them 120 dollars worth of ethereum to them, they charge you lets say 5 bucks as interest and when you pay them 105 bucks back in bitcoin they gave you 120 dollars worth of ethereum back. Now, this makes no sense since if you need money you could just sell your ethereum instead of giving it as collateral but at least it was a start and you could have used it. Kabbage literally started out this way and became one of the biggest digital lenders in the whole world.
5710  Economy / Economics / Re: Decentralized Economy: What is it for? on: July 04, 2019, 07:05:24 AM
I think we are all sick and tired of governments actually having a say in our money supply and that seems to be the biggest issue. Banks and governments are controlling the financial world however they want and sometimes some idiot president of a country does something silly or says something bad about another president and whole nations go into economical warfare. There are not that many wars going on with actual guns, countries now fight with their economy.

Hence, decentralized economy makes sure no rich person cheats, no government official even the president can affect it badly nor any single person can cause any harm to millions of people. We all will be equals in economy, doesn't matter if we are rich or poor, doesn't matter if we are president of a country or unemployed teenager, we all get the same rules apply to us.
5711  Economy / Economics / Re: Is Tether Supply a driver of Bitcoin Prices on: July 04, 2019, 06:30:12 AM
Not just tether, that used to be true because tether was the only big one and people were using it to buy or sell bitcoin but still stay in the exchange without getting out but now tether is not the only one, hell with libra it will be even less tether involved.

However, if we are just purely focusing on all stablecoins it is a known fact that not everyone sells their bitcoins and cash out their money to their banks, we even had a time when someone bought bitcoin with 500 million dollars of tether ffs, which means there are actually a lot of people all combined that can affect the increase of bitcoin prices. That is of course not the only reason, there are tons of reasons why bitcoin goes up, this is just another one of those that we can consider as a reason for going up.
5712  Economy / Trading Discussion / Re: A pravobly fair exchange site? on: July 03, 2019, 04:36:04 PM
Provably fair probably doesn't mean what you think it means. Provably fair means it can technically be proven to be fair or not. Exchanges do not have anything they can provide a proof of being fair, hell exchanges don't have anything they have to be fair about neither.

Person A pays 100 bucks to get bitcoin and Person B sells 100 bucks worth of bitcoin, while they switch their positions the exchange takes a cut from them and keeps doing it for every single trade which makes them a ton of money, what is there to be fair about in this situation? If you mean less trading fee or withdrawal fee and all that then you can consider it cheap but not fair, fair is totally different thing.

I also would love to find something that would make exchanges provably fair that way we can know which one is the most fair one but that doesn't exist.
5713  Economy / Trading Discussion / Re: POSSIBLE TIME AND PERIOD OF THE YEAR TO TRADE on: July 03, 2019, 03:55:46 PM
Bitcoin doesn't really have that type of date that it increases, yeah the third quarter of every year normally becomes more active because people return from vacations and they return back to normal life and start investing once again but normally the second quarter is horrible in any investment tool because people tend to cash out for vacations that they normally can't afford but could cash out on investments and can afford that way but that didn't happen in bitcoin and it increased.

So long story short bitcoin is actually not like any other investment tool. One time it increased during fourth quarter, one time it dropped, one time it increased on third quarter, one time it dropped. It does whatever it wants whenever it wants and what time of the year it is doesn't really matter to it.
5714  Economy / Gambling / Re: BLOCKCHAIN. The Future of Online Casinos? ✅ on: July 03, 2019, 02:44:17 PM
Blockchain is the present of casinos not future.

I think there are tons of people coming in from other casinos that runs with fiat currency and the more they learn about blockchain gambling the more they are staying and calling up friends to invite them over.

So, right now blockchain is literally the present and future of gambling since there is no better method, there are just people who have no idea how bitcoin (or any other crypto currency) is used so they are just playing on fiat casinos but as soon as they figure out how they can gamble on crypto casinos with provably fair and blockchain helps they are coming here and not leaving.

So, eventually more and more people will come here, there are plenty coming from fiat to crypto but none going crypto to fiat hence why we will only get bigger.
5715  Economy / Trading Discussion / Re: Theoretical reason for the bullish bitcoin now. on: July 02, 2019, 04:34:07 PM
When I look at these charts I just can't avoid seeing all those ups and downs, there are so many ups and downs and people are still worrying about how even a slightest fall could be the start of another bear run or slightest up is the start of a bull run. Not all drops equals to bear run and not all ups equal to a bull run.

Maybe this one is one of those as well, maybe we did dropped a bit but that was just bitcoin doing what it does best and being volatile, maybe it will continue to go above 18 thousand dollars all of a sudden? Or maybe it will go back down to 8 thousand dollars who knows? Reading charts is not something for me but whenever I look at those I just can't believe people miss out on the biggest of the details like this, don't worry about all movements, some of them are just volatility and that's it.
5716  Economy / Services / Re: Fair.Poker Signature Campaign(Local Board Posts not accepted) on: July 02, 2019, 03:55:23 PM
Btctalk name     justdimin
Link to profile    https://bitcointalk.org/index.php?action=profile;u=559861
Rank                 Hero Member
Current post count   1935
Fair Poker username   justdimin
Wear appropriate signature    Yes
Wear avatar    Yes
5717  Economy / Economics / Re: The Central Bank of Facebook on: June 30, 2019, 06:09:37 AM
I guess they can do the copy of the same thing for themselves?
We are open to many other libra like stuff, as long as its crypto and in the blockchain realm we should all support it.

You can just hate facebook and not use libra at all but when its on the public and you want to talk about it I would say support it even if its a fake support because people who get into Libra because of the facebook name will be getting into crypto currency easier. Think about it which one is easier, going from fully fiat life to dealing with crypto a bit or going from some fiat and a knowledge about libra to a bit of crypto as well?

I would say libra would be our entry point for the new people, even old people can use libra to send money to their children whereas they will get to learn more about crypto thanks to it and we can attract them to bitcoin later on.
5718  Economy / Speculation / Re: New High... For Everything. What'll happen next? on: June 29, 2019, 03:03:58 PM
I don't know what the economy can sustain at this point and I am afraid to ask. I mean the world economy is getting to a level where rich needs to get richer to continue being rich, they can't just stop and exist as a rich person and not work or not make any new money, system doesn't allow that, a rich person HAS TO keep getting richer in this system.

How can they do it? Well simply just taking from the poor, a regular joe who works for a salary has to keep spending his money on the big corporations of big CEO's and keep spending his money to make them even richer, it is just the system. So, all in all everything goes higher and everyone is richer but for how long? How high can these get? Eventually it will collapse once again like it did in 2008, it has to repeat that and reset the market otherwise we will have a horrible inflation in economy globally.
5719  Economy / Economics / Re: Hong kong and China war can lead to possible Bitcoin popularity on: June 23, 2019, 09:09:48 AM
I am not entirely sure if it will be affecting bitcoin directly, China has their own opinions about bitcoin already and its known worldwide and Hong Kong has theirs. Just because there is a civil disobidience movement going on I am not sure it will affect it directly.

I mean of course there will be some money going out of China and coming into Hong Kong and people may use bitcoin for that but that would be very minimal for us, it would probably be too local as well so wouldn't probably affect the global market, hell it could be even more over the counter too so it couldn't affect the market since its not public transaction. That is why I think this is a very important political movement and I am %100 sure stopping China to be a dictatorship is an important thing but I doubt it will have too much affects on bitcoin.
5720  Economy / Trading Discussion / Re: Selling strategy on: June 21, 2019, 05:08:12 PM
I think we are scared to tell people when to sell because in theory we think that crypto will always go up, now we do not know the bottom but if you ask anyone they will tell you that bitcoin will never be under 1 dollar ever again, I mean ever, not even in 100 years.

However, if you ask them what the price will be in a month they will have hard time telling you what it will be, if you ask them what it will be in 100 years they will tell you it will be a lot higher than this. So, when you are buying there are numbers it will never hit again, it will never be 100 bucks, it will never be 1000 bucks, so when it goes down its right time to buy, however even if it hits 50 thousand dollars tomorrow there is no way we know when it will stop and be 100k which is why we can't really do great selling strategies.
Pages: « 1 ... 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 [286] 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 ... 383 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!