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6221  Alternate cryptocurrencies / Altcoin Discussion / Re: hodl no shitcoins for future altcoin season on: August 25, 2019, 04:43:15 AM
2017 is in the past now and dont expect shitcoins will bring you profit like it did in the past,you have to review your portfolio and make sure that every tokens and coins you holding are worth been hodl.
Try not to pick coins because they are mineable or they have actualized POS,coins without genuine use case will bite the dust additional times and lose esteem,this is 2019 and crypto world is reshaping, make the smart move

I would classify 99% of the altcoins as shitcoins, because they are either copycats of the already existing coins, or they don't have anything unique about them. Back in 2017, a lot of the inexperienced users rushed to invest in cryptocurrency and some of them made investments in shitcoins without proper research (and in the end incurred heavy losses). That scenario is not going to repeat, so please invest smartly in good coins.
6222  Bitcoin / Bitcoin Discussion / Re: Banks are offering Negative interest rates! will this help BTC on: August 25, 2019, 04:32:03 AM
See.. the bankers are really intelligent. Fist they are taking steps against physical cash by cancelling the high denomination notes. Then they are forcing you to store your money in the banks, and here they are robbing the account holders by implementing a negative interest rate. I don't know why anyone would agree to a negative interest rate, when the retail inflation remains in positive.
6223  Bitcoin / Bitcoin Discussion / Re: Is this how we regulate Bitcoin? on: August 25, 2019, 04:28:44 AM
Regulation? HELL NO. If BTC were to be regulated it would just be calleed USD.

I agree 100% with your post. Being a decentralized currency, Bitcoin should not be regulated. If you do that, then it will become a centralized currency just like Ripple (XRP) or the Dollar (USD). I have no issues if the exchanges or gambling sites have to undergo regulations. But for now, let's leave Bitcoin and the other cryptocurrencies outside its ambit.
6224  Economy / Economics / Re: Crimes involving crypto have risen on: August 25, 2019, 04:10:13 AM
In fact, these are statistics, as far as I know, in the middle-end of 2018. But then there was hype, and scam projects were much easier to deceive people.
Now the situation has changed quite a lot and theft of funds has become much less.

Not really. Every now and then, I am hearing about fake projects. The scammers have just turned to their attention to the IEOs from the ICOs. Even now there is no dearth of investors who are ready to invest in such shady projects without any proper research or study. In terms of absolute value, I would even say that the theft of funds have increased.
6225  Economy / Gambling discussion / Re: Humans Gamble since 3000BC, and Governments still try to ban on: August 25, 2019, 03:58:47 AM
Here in Brazil casinos are illegal, but we can have lottery tickets, some private lottery and we are in a mid term about online gambling, we don't have any kind of regulation (and this is one of the best thing about crypto casinos, because it's different in the law, at least here)

I think every person should be responsible for their money, and there's no problem with gambling if the casinos or campanies have their own regulations

If all types of gambling are illegal, then online gambling (including sites that accept cryptocurrency) is also illegal. You won't face any issue unless you win some really big amount. But if that happens, it may be a headache to fill the tax returns. You can't say that you won the amount through gambling. They'll just send you a tax notice with 100% or 200% penalty.
6226  Economy / Economics / Re: 21.08.2019 $ 250 billion transaction record BTC on: August 25, 2019, 03:53:36 AM
What sort of BS is this? This data is entirely inaccurate and I just checked Coinmarketcap to confirm it. On 21st August, the total cryptocurrency trade volume (24 hour) was $49 billion and around half of that came from the altcoins. From where did you got this $250 billion figure, when the actual figure was less than one-tenth of that amount?
6227  Economy / Gambling discussion / Re: Tyson Fury vs Otto Wallins on: August 25, 2019, 03:46:13 AM
Betfair and Paddypower both having odds of 14/1 for Otto Wallin. If you bet BTC0.01 in favor of him and in case he wins, then you'll end up with BTC0.15. It looks very lucrative. But now let's come back to reality. Does anyone in this forum thinks that Otto Wallin has more than 0.01% chance of beating Tyson Fury? Heavyweight division lacks good contenders. This is going to be another one sided fight and Fury is going to mop the floor with Wallin.
6228  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 25, 2019, 03:37:08 AM
Day 4 is going to be an interesting day as England are in with a shot of winning the match if Ben Stokes can stick with Root. Hazlewood will be the key to Australia winning as the pitch doesn't look like its doing much now but Hazlewood seems to get the ball in the right places to take wickets. We should see a result on day 4 as I can't see it going into day 5 and if England get the win it would be a huge momentum swing in England's favour for the rest of the series.

In my opinion, both the teams have almost equal chances now. England have scored close to 50% of the target and they still have 7 wickets on hand. For Australia, the pacers are taking the wickets and bowling well, but the spinners have failed miserably (I had suggested after the second test to replace Nathan Lyon). We'll get a result today, but it is almost impossible to predict.
6229  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 24, 2019, 04:10:51 PM
The partnership between Denly and Root has now crossed 100 runs. Australia should get worried now. They should not allow this partnership to grow further. Their biggest disadvantage now is that their spinners (Lyon and Labuschagne) are not at all looking effective. The pacers are bowling their heart out, but this is the 4th innings and they need some support from the spinners.
6230  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Ethereum survive below 0.02 BTC per coin? on: August 24, 2019, 03:58:53 PM
The price is below 0.0185 at the moment and Ethereum is still living. I don't understand the people who say to the milestone coins like ETH, XRP etc. that these coins are going to die because of  bla bla bla......

Coins such as Ethereum and Ripple are not going to die out all of a sudden, as they have tens of billions of USD in market cap and millions of users. But if you check the historical exchange rates, acceptability and daily trade volumes, then you will reach the conclusion that these currencies are inching towards a slow death. They are losing market share to Bitcoin and the stablecoins.
6231  Alternate cryptocurrencies / Altcoin Discussion / Re: What if Ethereum replaces Bitcoin someday? on: August 24, 2019, 03:41:20 PM
Ethereum is having its own issues right now, such as the volatile transaction fee and issues with security. On top of that, the usage has declined ever since the ICO bust. First let ETH sort out its issues. After that we can talk whether it will be able to overtake Bitcoin or not. Personally, I don't see ETH coming anywhere near BTC in the next 10-15 years.
6232  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 24, 2019, 03:26:57 PM
Joe Root and Joe Denly building a very crucial partnership for England now. Nathan Lyon remains out of form and the Australian captain has brought in Marnus Labuschagne to try his off-break. It is going to be extremely fifficult for England to score another 260 plus runs that is needed for a win, but they need to bat sensibly now and try to survive against the two in from bowlers (Pat Cummins and Hazlewood).
6233  Economy / Trading Discussion / Re: OKEX vs Bitmex on: August 24, 2019, 02:31:45 PM
Okex is best exchange for now according to the coinmarketcap. I'm surprised why many people use Okex because earlier I consider Binance will be the best but if we really look at the total market of Okex it was the highest, so we can't deny that this is best of the best exchanges.
Okex has never had a security problem and this exchange always has great stability when trading. I personally like to invest in Okex because of the low cost and huge liquidity, so many big projects are concentrated here and it makes many investors earn big profits. Compared to other exchanges, I think Okex deserves to be in the No. 1 position because this exchange has never disappointed any investor.

The fact that no one has hacked the exchange before is not a guarantee for protection from future robberies. We used to think the same about Cryptopia also, and everyone knows what happened to that exchange. Another exchange that never got hacked was BTC-e. But in the end the feds got them. With such high wash volume, I am sure the feds will get interested with OKEX sooner or later.
6234  Bitcoin / Press / Re: [2019-08-23] Bitcoin Miners Are Heating Homes Free of Charge in Frigid Siberia on: August 24, 2019, 02:25:03 PM
The devil is in the details. Electricity cost in Irkutsk is around 1/10th of that in the United States and other developed nations. So in case some individual decides to start Bitcoin mining, he has to worry only about the capital costs. The electricity charges are going to be negligible. But setting up a mining farm in such remote regions can pose a big challenge, in terms of logistics and transport.
6235  Bitcoin / Bitcoin Discussion / Re: Im sick and tired of this Bitcoin on: August 24, 2019, 02:19:26 PM
You invested in the wrong asset at the wrong time. I have seen similar threads posted by another user, who was bitching that the HST token in which he had invested became worthless. Same as your case. Before investing in any little-known token, you need to study the project really carefully. I don't think you have done that. Had you invested in Bitcoin at that time, then you could have got 200% to 300% returns in 3-4 months.
6236  Bitcoin / Bitcoin Discussion / Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 on: August 24, 2019, 02:08:03 PM
It is OK, since no one has been able to predict the Bitcoin prices with a great deal of accuracy till now. So you don't know when the prices are going to up or down. You can only make assumptions, based on the number of users and the changes in demand and supply. The number of users are indeed increasing, despite the bearish phase that we had in 2018.
6237  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 24, 2019, 02:01:53 PM
England in deep trouble right now and they have lost two crucial wickets (Burns and Roy). Joe Root and Joe Denly are trying to build some sort of a partnership, but my prediction is that Australia will be able to pull this off by today itself. 57 overs of play remains and their pacers are on top form. Lyon is looking not very threatening and if the English batsmen can score some runs against him, then they could build a good 3rd wicket partnership.
6238  Economy / Economics / Re: Bitcoin believers/investors are foolish or low IQ people ? on: August 24, 2019, 12:40:16 PM
I invested in Bitcoin for the first time in 2017 January. Back then the exchange rates were around $900 per coin. As of now, my returns stands at more than 1,000%. I have never got this kind of returns from any other asset, and I have tried my luck with bullion, real estate, equities, mutual funds and government bonds. And I don't think you can call someone who could get 10x returns in 2 years as an idiot.
6239  Economy / Economics / Re: Crimes involving crypto have risen on: August 24, 2019, 12:23:54 PM
This is the sad truth of ICO in 2017.
Shocking no one, study finds almost 80 percent of ICOs are scams

That's definitely the reason why the market pump and resulted to a big correction in 2018, those scammers started to sell their assets after they saw the opportunity to get a good ROI. The last ICO success was only brought by the hype of BTC's  bull run, or should we say the FOMO.

Th first stages of ICO was good, we have a lot of legit projects that until now are still in exchange with good liquidity, but as it grows, scammers sees it an opportunity of them to ride and they had the success that time at the expense of the newbie investors who rush to invest without making a research.

The Bitcoin community should also bear some amount of blame for these scams. The community did nothing when all these ICOs went on with their fund-raising campaigns, despite the shady intentions of the ICO promoters. The majority even opposed regulations. Even here at Bitcointalk, it is very easy to start ANN/Bounty threads, to advertise the ICOs.
6240  Economy / Economics / Re: WHY 21 MILLION BITCOIN CANNOT SERVE THE WHOLE WORLD on: August 24, 2019, 12:16:12 PM
That is why right now the Bitcoin community should start adopting mBTC or milli-bitcoin. 1 mBTC is $10.10 today. One satoshi is still less than one US cent so I think everyone can still own bitcoins, just in the lower decimals.

I'd go for mBTC. Satoshi is having very low value now and I don't want it to become the unit in which the prices are denominated. But we need to create a name for mBTC, just like we have Satoshi. And we need to create a unique, short name. There have been proposals to rename mBTC as BitCent and BitPenny, but I don't like those names. Let's have something unique.
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