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6261  Bitcoin / Bitcoin Discussion / Re: The ugly side of Bitcoin on: August 22, 2019, 05:04:28 PM
As a Bitcoin user with more than two years experience, I don't think that this is an issue which we can ignore. As the mining difficulty increases, it is going to take more and more power. Either we should reduce the electricity requirement for mining, or we should move to a different mining algorithm. This may sound ridiculous, but PoS algorithm suits Bitcoin much more than PoW. 
6262  Bitcoin / Bitcoin Discussion / Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 on: August 22, 2019, 04:56:06 PM
You should sell when market at bullrun not otherwise lol

The problem is that users get greedy when a bull run occurs. They will wait for more and more gains and when the dump occurs they will be reluctant to sell those coins at lower levels. But what happens is that once the bull run is over, the bearish phase will become more pronounced during the next few months. Most of the users will be forced to sell, once this phase is set in.
6263  Economy / Gambling discussion / Re: I don't know how to trust a gambling site nowadays! on: August 22, 2019, 04:47:46 PM
Why nowadays when there's a gambling site that offer a bunos on your first depost it seems like scam?  Especially if the bunos is to much than your initial deposit.

And also whe all knows mostly gambling site nowadays are using KYC.  but why when there's a promising site that doesn't require  kyc it smell fishy as well?  What did happen to this world?  How to trust again on this kind of sites?

KYC is not mandatory in all the countries, and gambling sites have taken advantage of this and set up websites in jurisdictions where the regulations are more relaxed. And regarding the initial deposit bonus, many of the sites have such promotional offers. But there are riders attached with this, such as a requirement to gamble at least 10x of the deposit amount.
6264  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 22, 2019, 04:40:09 PM
Jasprit Bumrah may get a ban after posting a controversial pic using his Twitter account. Some of the users have commented that it was "indecent". The BCCI may take up this matter.

BTW, I was surprised with the Australian fightback today. Right now, they are cruising along pretty well, on 136/3. I expected them to go down meekly, in the absence of Steve Smith. However, Warner regained his form unexpectedly and scored a half-century. Marnus Labuschagne gave him good support and as of now he is just 2 runs away from a fifty.
6265  Economy / Gambling discussion / Re: Cricket match prediction discussions on: August 22, 2019, 04:30:31 PM
Isn't 20 million population is not enough to find only 11 players for the team ?  These are mere excuses. If the cricket board is responsible and players are given good incentives and chosen on merit, I feel no issue why a good team can't be developed.

Also I see that in neighboring countries of srilanka they have T20 domestic series like  IPL, PSL , BPL  and I never knew why srilanka can't start such tournament ? it will help them find new talent and also generate good revenue too.

20 million looks minuscule when compared to 1,350 million for India, 200 million for Pakistan and 165 million for Bangladesh. Their population is even lower than that of Afghanistan and Nepal. Also, domestic cricket is concentrated in and around Colombo, where the population is only a few millions. And if you remember, they tried the SLPL a few years ago. It flopped and was never tried again. 
6266  Bitcoin / Bitcoin Discussion / Re: Burn Satoshis coins to end the threat of prices crashing - Paxful Founder on: August 21, 2019, 05:11:50 PM
Ray Youssef don't have the authority to make that decision and he should STFU. Even Satoshi can't make that decision, since Bitcoin is a decentralized currency. At the most, he can appeal to the mining pools, to reverse the transactions through a 51% attack. But I don't think that the mining pools will approve such a request. Even if they approve it, I don't think that it can be implemented.
6267  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin market dominance rising fast? on: August 21, 2019, 05:04:57 PM
Does it really surprise anyone? Before the ICO bull run started, the Bitcoin dominance was above 80%. The ICOs and the emergence of new coins took the dominance below the 40% level. Now since most of the ICOs turned out to be scams, the dominance is going back to the previous levels (i.e 80%). Right now we are at 69%, but I think 80% will be attained by the end of this year.
6268  Bitcoin / Bitcoin Discussion / Re: Bitcoin The King Of Crypto on: August 20, 2019, 05:21:51 PM
Everyday new coins are being listed, and despite that the Bitcoin dominance is rising continuously. UNUS SED LEO was listed just a few months back and now it is the 12th largest cryptocurrency in terms of market cap. Competitors may come and go, but Bitcoin stays there forever. Those who had put their faith in Bitcoin are now smiling, and those greedy users who wanted 1,000x returns in two months are crying.  Grin
6269  Bitcoin / Bitcoin Discussion / Re: Every time I sell Bitcoin pumps... Has BTC been good or bad for You??? on: August 20, 2019, 05:12:41 PM
If you think too much about the past, then you will never taste success in the future. I have seen a lot of people regretting their decision to sell their coins (including myself  Grin). So whatever losses you have incurred, just forget about them and move on. I am 100% sure that you will not only be able to recover them, but to profit from the future trades handsomely.
6270  Economy / Gambling discussion / Re: Betting feature at exchange on: August 18, 2019, 05:26:30 AM
I have been saying this for quite sometime now. Emerging crypto ventures should concentrate on their main expertise for at least 2-3 years before trying to diversify. Exchanges should concentrate on their platform and make it more secure, before they jump in to gambling. A lot many of the users are afraid to use the exchanges now, as every now and then the news comes out of some exchange getting hacked. We have gambling sites that accept deposits in cryptocurrency if we want to gamble. We don't need the exchanges for that.

Jack of all trades, master of none (credits to Robert Greene).
6271  Economy / Economics / Re: Can not believe 5 years ago you could of bought one whole bitcoin for this much! on: August 18, 2019, 05:01:29 AM
When I got my first BTC from Localbitcoins in January 2017, the exchange rates were still below $1,000 per coin. I don't remember the exact price, but I guess it was somewhere around $900. I paid a premium of 5%, so the end price was $950. I still remember the nervousness I felt while making the investment, but now I feel that I should have purchased more coins back then.
6272  Economy / Economics / Re: Can a Stock Market Crash affect Bitcoin? on: August 18, 2019, 04:53:48 AM
It is difficult to predict. Bitcoin was not in existence when the last time we had a crash in the stock market (2008-09). But there were similar incidents in the past, such as the Cyprus financial crisis and the savings bank haircut. A lot of people had predicted that the Bitcoin prices would rise following the Cyprus crisis, but nothing happened back then.
6273  Bitcoin / Press / Re: [2019-08-15] Hong Kong Is Paying Higher Prices for Bitcoin Amid Political Unrest on: August 18, 2019, 04:10:55 AM
I am more worried about the cryptocurrency users from mainland China, who had registered to the exchanges in Hong Kong. After China outlawed the crypto-to-fiat trade in 2017, many of the users from mainland China had registered to various exchanges in South Korea and Hong Kong. With the relations between China and Hing Kong getting tense, these users may be left between the devil and the deep blue sea.
6274  Alternate cryptocurrencies / Altcoin Discussion / Re: Scammers ruin ICO fund raising on: August 18, 2019, 04:02:58 AM
If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

You can't really say that IEOs are safer than the ICOs. The current situation of the IEOs remind me of the situation of ICOs during mid 2017. IEO is still a relatively new concept and there is a false sense of security among many of the cryptocurrency users regarding it. But looking at the overall structure, I can foresee serious issues with IEOs in the near future. I have seen little known exchanges listing 25 IEOs at the same time. When you have that many, the quality will obviously go down.
6275  Bitcoin / Press / Re: [2019-08-17] Nobl Research: 25 Million Americans Are Considering Buying Crypto on: August 18, 2019, 03:56:12 AM
This is in line with this news:

https://www.cryptoglobe.com/latest/2019/07/cryptocurrency-exchange-coinbase-hits-30-million-user-mark/

They haven't given a country-wise distribution for the users, but I guess anywhere from one-third to half of all the users may be residents of the United States. So the figure of 25 million given by OP looks quite possible. That would mean that around 8% of the US population are either crypto users, or are planning to use crypto in the future.
6276  Alternate cryptocurrencies / Speculation (Altcoins) / Re: what is happening now? on: August 18, 2019, 03:46:15 AM
hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

If you remember what happened in 2017, you will get answers to your question. BTC went up by 20x in 2017, but the hype propelled altcoins to much higher levels. Ethereum went up by 100x, and many of the lower ranked altcoins gave even more returns. Some of these alts became like inflated balloons. What happening in 2018-19 is a correction, so that these overpriced alts and tokens come back to their fair valuation.
6277  Economy / Gambling discussion / Re: Cricket match prediction discussions on: August 18, 2019, 03:38:46 AM
This is just an excuse. Who is stopping the rest of the teams from playing good cricket ? I know that Big 3 (England, Australia, India) has a lot of budget for the cricket and is favored by ICC, but then the others teams can come up with good players and proof they are not less than other players.
A recent example of NewZealand to reach World cup final and give England a tough time is a perfect example that any team can come up , if they are good.

It is not going to be easy. First of all teams such as Sri Lanka and Bangladesh doesn't even have a proper domestic structure. In Sri Lanka, the national players are directly selected from the clubs in Colombo and provincial cricket is not that strong. The same with Bangladesh. Dhaka clubs still hold the status of domestic cricket.

I am not sure for the internal structure of the asian teams as I do not live there but who is responsible to change their domestic structure ? You think the Big 3 will come to them and ask them to change their structure ?  These nations have to change their domestic structure themselves and remember srilanka also did win the world cup once and it was not by any accident.  This means THEY CAN DO IT.

Yes. Sri Lanka won the world cup in 1996. But their growth stagnated after that. They have a very limited player pool, as the total population is less than 20 million. On top of that, most of the domestic cricket is concentrated in Colombo. You will find very few domestic players from the Northern province or the Eastern province. SLC is projected to receive $115 million just from the ICC for the 2015-23 period, on top of the sponsorships and TV deals. I don't know why they are using this money to improve the quality of domestic cricket in the island.
6278  Bitcoin / Bitcoin Discussion / Re: Bitcoin The King Of Crypto on: August 18, 2019, 03:28:50 AM
I guess most of the altcoin promoters have dumped their holdings and exited the cryptocurrency market. If you check the altcoins outside the top-10 list in coinmarketcap, you can see that the development activity has almost stopped completely. These guys profited from the altcoin bull run in 2017-18, and now they have vanished with all the money they could accumulate by selling their shitcoins.
6279  Alternate cryptocurrencies / Altcoin Discussion / Re: Holding multiple altcoins on: August 18, 2019, 03:20:20 AM
I am still holding my tokens and altcoins in MEW and exchange wallets. The multi-asset open source wallets doesn't look secure enough for me. And after the recent price crash, the net worth of my alts have gone below $500 (from $3,000 a few months earlier). Now there is no point in purchasing a hardware wallet to store these assets.
6280  Alternate cryptocurrencies / Altcoin Discussion / Re: invest? gambling? or trade again? on: August 18, 2019, 03:06:47 AM
The advantage with Bitcoin is that there is no mandatory requirement that you should invest it somewhere. On the other hand, you need to invest your fiat savings, because they are vulnerable to inflation and the purchasing power will go down if you just hold fiat in your savings bank account. Bitcoin is not affected by inflation, and therefore you can just hold the coins in your wallet for long term without bothering about a decline in the purchasing power.
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