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6141  Economy / Economics / Re: What makes a Fiat worthless? on: October 27, 2019, 02:57:17 AM
Well, its a matter of perspective to be honest. Fiat is still quite useful to us now since its a nationally accepted medium of trade in the world. On the other hand, if you look past its usefulness, for now, it is actually riddled with holes. The fact that the government freely reproduce fiat leads to national debt growing ever so much and we don't actually have the capability to pay it off, leading to a huge negative on the debt. There is also the factor of corruption, wherein the end, the government is at hand. Plus, there is also inflation to think about. I honestly thought money was just money in the past but ever since being part of this community, I've seen a lot of how the background of money works and whoa, I was lied to. By quite a lot not gonna lie.
6142  Local / Pamilihan / Re: (HYIP) LASON sa imahe ng Crypto on: October 27, 2019, 02:02:00 AM
To be fair, lahat ng scam is nakakasira sa image ng crypto. All types ng loss regarding sa money na napupunta sa crypto is kinasisira niya. And we can't really do anything about it since walang nag cocontroll sa crypto kaya pag dumarami rin yung mga users, dumarami rin yung mga hackers. Its kinda both the negative and positive of crypto at times talaga hahah. Kaya nga concentrated yung mga warnings and tips sa mga users themselves since most of the time, pag nawalan ka pera, it probably is your own fault na lang. Crypto is good, don't get me wrong. Pero yung fact na decentralized siya is what makes it scary sa eyes ng mga non-crypto enthusiasts/users.
6143  Economy / Speculation / Re: Let this rise be a lesson - Bitcoin isn't strongly tied to anything on: October 26, 2019, 12:57:39 PM
Yea. Pretty much we can relate it to everything we want, to new releases, inconceivable updates by companies, new creation of exchanges and such but movement is strictly still related to.. well.. how it wants to move. We can derive a lot of possibilities but the answer will always remain a mystery. Although we could still assume movement prices to recent events since it could potentially move it, but at the same time theres a risk of it not being able to move the price.

In fact Bitcoin strongly tied to the world’s biggest nation, China. it's suddenly rising today because Xi Jinping announced that China wants to dominate the blockchain industry and they want to be the leader in blockchain. This might be the biggest news in the history of blockchain. so the increase of volatility is expected after the dampening of volatility which was happening on the weekly and monthly.

Also there is another reason, Chinese whales usually do their pump and dump around December, in preparation for their Chinese New Year celebrations in January. nothing about bitcoin has changed except a rising hash rate, which equates to strong miner confidence in BTC price growth over the next six months until the halving.
You can't really say that since there's no proof. Even if BTC did increase as china announced its strong support for blockchain development, we could also say that it was due to me taking a coin out of my wallet right? Even if you say there's a difference in reputation, there are also a lot of events that are made by other famous personalities or companies.
6144  Local / Pamilihan / Re: [NEWS] Bakkt sets new all-time high in trading volume as Bitcoin price soars on: October 26, 2019, 12:14:05 PM
Ngl, I totally believed kay Bakkt na maaffect niya yung BTC not in the short run but rather in the long run. Never expected na after just a few weeks mag popopoff siya bigla ng ganito. Maganda naman siya kung tutuusin, naoverhype lang talaga siya ng mga tao kaya super high ng expectations nung lumabas siya. Although di ko masyadong icocorrelate yung pagsoar ng BTC sa kanya. May part or reason na dahil dito oo, pero alam naman natin yung market, its pretty much unreadable. Meron ding usap usapan na si China ung nagpasoar kay BTC, yung pagrurush ng China sa blockchain tech. All in all, masyadong nag soar si BTC in a few hours, so I expect na mag sstabilize siya around 8.5k or so bago mag move sideways sa chart. I believe na maiinfluence pa siya more ng Bakkt in the near future though.
6145  Economy / Trading Discussion / Re: TRADING TOOLS? useful/useless on: October 26, 2019, 11:51:07 AM
In general, well, you could call these so called tools as helpful. An example would be tradebot which you can set aa to which time it buys BTC or time it sells BTC. It is entirely dependent on your way of life or how you invest in determining if these tools are helpful to you.
You can depend on these tools, but it's a lot better if you create your own with the same concept that you would like to ensure a 100% accuracy in what you want to happen.
6146  Economy / Speculation / Re: Bitcoin's Latest Rise Was Manipulated? on: October 26, 2019, 09:58:51 AM
Well, we can't really be sure about how the price pump suddenly happened. Could be as you said, china's involvement, some said it was Bakkt and some said whales' manipulation of the market. One thing could be sure though, such sudden pump would see a stabilization in the near few days since it seems such pump has no foundation to stand and retain its position. I'd expect it to go back to less than 9k and stabilize its price there.
6147  Economy / Speculation / Re: Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes on: October 26, 2019, 07:54:37 AM
There are links of China news regarding this, but how come it became too fast to take effect in cryptocurrency prize. We're not sure yet what's really behind it but this shows how cryptocurrency can be in just an hour when people uses it or if true the news about China then when government accepts and gives credit in cryptos innovation.
I also saw some news regarding the correlation between something happening on China vs USA in crypto which caused the price pump but im more inclined to believe the news about Bakkt when comparing the two. Some threads have been discussing how Bakkt reached a new high in its trading volume which may have indirectly caused the pump.
6148  Economy / Gambling discussion / Re: Problem gamblers what can we do to help them help theirselves? on: October 26, 2019, 05:12:37 AM
We should post a sticky I think in the gambling section explaining gambling in details,I think to explain the risks of gambling more than the benefit of it.Everyone can add content to the sticky as long as is following the strict guidelines of the sticky post creator.There are a lot of resources to build a good sticky post on gambling risks so I will leave this to better post writers than me,I think this idea should help many gamblers here read before they decide to gamble.
I doubt gamblers would recognize such risks or even bother to read them since they believe in themselves that they already know what gambling is. It's kind of like how you know smoking is bad yet you still do it. Kind of a form of stress reliever and enjoyment for themselves. Sadly though, gambling is most often, if not always, seen as something negative which is why gamblers themselves have this same mindset even though they do this themswlvss, causing them to incur addiction to themselves.
6149  Local / Pamilihan / Re: [NEWS] Bakkt sets new all-time high in trading volume as Bitcoin price soars on: October 26, 2019, 04:05:58 AM
Marami rin kasing nadisappoint sa Bakkt dahil sa walang immediate effect sa market agad agad nung pagkarelease but alam naman natin na long term effect yung pwedeng mangyari sa case ni Bakkt. Medyo nakakatakot pa rin though na paniwalaan yung sudden pump kasi masyadong sudden without any possible clues na magpupump ng ganitong price bigla. To be fair naghohope pa ako na magdrop para makapagstock pa ako ng coins but it turned out otherwise hahah. Hopefully, bakkt could still show the same results sa future para isa rin siya sa makakatulong na makapagpush si BTC sa another ATH
6150  Economy / Speculation / Re: [2019-10-24] Bitcoin price doesn't care about manipulators and is up $1200 in 2h on: October 26, 2019, 03:07:09 AM
Oscillators are running high on the 1-hour and 4-hour time frames. So in the short term we're probably in for a pullback off $8,800. I do believe now that $7,300 was the bottom of this correction though.

I'll be more confident in that assessment once we form a higher low on the 4-hour, and after seeing how the next trading range develops. I'd prefer to see bulls hold strong in the $8,000s......that would make for an epic bear trap!

Dripping back below $7,700 would be a very bearish sign. That possibility is still there. There's a major decision point coming soon.
And we're already in the 10k bro. Guess the pullback didn't happen then. I'd expect one though since the pump was seriously way too unnatural with how it jumped to 10k in less than a day from 7300$. Luckily, this shows that the news regarding quantum supremacy were  not enough to affect the market and the drop to 7300 was just temporary due to a sudden dump ny a few traders.
6151  Economy / Speculation / Re: Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes on: October 26, 2019, 02:22:37 AM
That was really bloody surprising. I expected a pump but in the ends of November or start of december. No one expected a pum from 7500 to 10000 in a matter of hours and I was honestly shocked when a friend told me about it. This may have some shady background about it, not sure about it though. It's way too unexpected for the pump to suddenly happen without anything shady happening about it.
6152  Economy / Economics / Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption on: October 26, 2019, 01:36:51 AM
I was thinking this is a big turn over but basically they just want to create their own currency or something similar by adopting blockchain as soon as possible, and probably they will use the decentralized word in order to save their centralized products.

This is done of course to avoid their citizen from using Bitcoin. Could be a good news while actually a bad news for long-term.
Indeed. They hurry up and chase their benefactors tails while banning them or shunning them from their own countries. China has already started the development of its own cryptocurrency and you can already guess how it would go once it is released since China is a country that is or would be monitored by the government 24/7. Plus, with their own cryptocurrency in the country, I'd believe that the government would start a strict crackdown on BTC users, stopping its growth inside China.
6153  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Has alt season started? on: October 25, 2019, 12:32:12 PM
I don't think so? The fact that BTC crashed shows that the eyes of the market is on it. And besides, the third halving is just around the corner. BTC will only attract more and more attention as the time between now and the halving shortens so I don't really think altcoin has a chance to squeeze itself in. Besides, its not only BTC that decreased in price, iirc, all famous altcoins had some losses in the market.
6154  Other / Beginners & Help / Re: I lost 1.4 bitcoin in a wallet so startign again on: October 25, 2019, 11:15:30 AM
Just start trading. Mining has now moved on from its early phase. As what others say, it is now the time where mining is a fight with regards to quantity, AKA how many mining machines you can provide. There's already a lot of miners in the world with most probably a lot better equipment than you. And even if the quality of equipment is the same between you and others, they still have the quantity to make up for it. I'd rather trade now instead tbf, I'd just have to wait and HODL till the right time.
6155  Economy / Economics / Re: Report: More Than 50% of the Worlds Banks May Be Too Weak To Survive A Recession on: October 25, 2019, 10:17:51 AM
Some banks are already preparing for it. the De Nederlandsche Bank or Dutch Central bank has hoarded gold worth around €6 billion. They've already stated that once the recession starts and the market crashes, they could fall upon the gold they have and start all over again. A recession would most likely happen since I have not seen any progress to reduce the global debt that the world currently has. On the contrary, it has increased more and more and made it most likely impossible to pay it back.
6156  Other / Beginners & Help / Re: Newbie on: October 25, 2019, 08:28:44 AM
You can also watch this video. The vid was posted in that thread and it covers the basics of getting started and the topics of each board in the site. It wasn't me that created it btw. I'd advise you to just visit some boards and threads and see how discussions occur between them and try to learn while your at it since that's basically what the site is looking for, to learn.
6157  Economy / Trading Discussion / Re: Where can I buy digital currency better when I only have $10,000 on: October 25, 2019, 07:41:45 AM
Since your starting up with 10k$, might as well go for BTC. It has a lot of potential to profit and the market has currently crashed. Its pretty much a great opportunity to buy low and sell high later on. Besides, a lot of others has already said, Suncoin looks dead. And there's no guarantee that it would still come back. Might as well go for the most famous and most probable one that could return profits, BTC. I'd suggest some famous exchanges like Binance when your buying them.
6158  Economy / Speculation / Re: BTC Plunging to $6K before Big Recovery on: October 25, 2019, 06:28:52 AM
Should we consider $6000 as the bottom of this ongoing dip?
Well, I don't think so cause in my side, I'd still want to get more coins before finalizing my entry to the market. Not gonna lie though, the dip was way too sudden and it doesn't look like its gonna stop anytime sooner. Although this could be considered good news since its kind of like the build-up before 2020 halving where we could expect a price hike that could probably exceed 10k$
6159  Economy / Trading Discussion / Re: WILL CRYPTO BOOM AGAIN? on: October 25, 2019, 04:20:41 AM
Why would you even compare BTC with Libra. BTC already boomed and will boom again in the near future. People have asked the same question before the last halving and what did they get? BTC boomed super hard, it reached 20k$. If we based our predictions solely from the past events, the next halving should help BTC boom a lot more and should be able to reach another ATH. Also, BTC has been in more in demand now compared to the past, and with the halving occurring limiting the supply released, Prices would naturally go higher right?
6160  Economy / Gambling discussion / Re: What are the best sites to play texas hold'em poker paying in crypto? on: October 25, 2019, 03:51:30 AM
You can try reviewing this sites indicated on the list. I just tried looking up on google and well, top search was coinpoker.com. Up to you whether you'd like to believe but I'd suggest looking up reviews and the like first. The list I linked earlier seemed legit since I found multiple sites that list them as top10 but I wouldn't guarantee it for you since I haven't really visited any of them.
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