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661  Bitcoin / Bitcoin Discussion / Re: Is it wise to hold Bitcoin for a long time or sell to meet a need of life? on: January 30, 2018, 08:02:23 PM
I have already been in a situation like that and I chose to sell a part of the held amount. If you ask me now if it was a good deal from financial point of view I would say no, because I could have made much more profit just by holding the amount I sold, but on that past moment it was wise to sell the BTCs to diversify my investments and to decrease the risk of putting all my eggs on the same basket.

Also, with the profit I made from Bitcoins sale, I could introduce myself in a new activity, opening my horizons.
662  Economy / Micro Earnings / Re: freebitco.in an actual scam on: January 30, 2018, 04:31:14 PM
FreeBitco.in's house edge is indeed very high compared to other casinos, but doesn't matter where you play, you will always hit a long loss streak, consequently losing all your money... It's gambling, it's Dice game, that is how it works for the players. And it doesn't mean the casino is cheating you.

Just stay away from the Dice tab and don't worry too much about lottery. Use the safe features of FreeBitco.in (faucet and investment) and you will be fine.
663  Economy / Economics / Re: Deflation on: January 30, 2018, 04:26:17 PM
I can be saying something wrong, but isn't deflation a good thing? Let's think from the point of view it just makes things balanced, it's a natural event that shows the market what is needed and what isn't needed anymore on the market... So you won't produce something that others are already producing, you will have to find a new product/sector to work with.

In my opinion what isn't a solution is to incentive people to spend more money than they have and to incentive the population increasement without control (common weapons to beat deflation). What do you think?

Deflation in fiat money makes more people save money instead of investing. Why should millionaire invest money in any business, when value of his money is growing for nothing? It causes worse economics in country when no one is investing, and when we go further, prices will go up instead of falling long term in deflation what will make more people poor. Very low inflation is also very good for any country. It's about money used everyday and about masses.


Ok, but what makes people save money instead of investing? Where does the problem start?

But when we talk about value holder, like gold or btc (this is how I treat btc at this moment with this price and those fees, value holder) deflation is good because everyone wants to buy and no one wants to sell, there is no way to create it and it makes price to rise. So inflation can be bad or good, same deflation, depends on currency we use and the way we treat it, spendable money or value holders.

So you are saying in asset's market the deflation pushes prices down, but it's fastly pushed up again as the number of buyers (demand) increase instantly and the disponible coins (supply) is limited. Different from real economies, deflation doesn't break asset's market.

Then the problem isn't deflation itself, right? The problem is that people don't have interest in buying or investing on their local businesses and stuff when the prices go down for any other reason.
664  Economy / Speculation / Re: 1 Bitcoin = $100. Best buy on: January 30, 2018, 05:17:05 AM
why?


He mentioned the law, so he means that if a big government like the US government would be to go on a press release and claim that Bitcoin is completely banned on all of the US, the price would collapse, and this would most likely happen, but not even in this scenario it would go as low as $100, precisely because there is a ton of people wanting to get at $1000.

And no, $10000 is not exaggerated, BTC is so cheap, $20000 is cheap, $100000 is cheap.
Even with the great power that the government of the US holds, the American public is very sensitive to any kind of ban, they are going to wonder why the government is banning something that cannot be bad for your health the same way drags can, they are going to use to excuse of crime, but this runs the possibility to provoke the Streisand effect, the more you ban something the more people want to see it.

I agree. Americans respect individual liberties a lot, especially if the subject is related to free market society. If Bitcoin is going to be banned I believe USA will be one of the last countries in the world it will happen... And even if it was banned, Bitcoin wouldn't lose so much price. Only a total censorship could prevent people to deal with Crypto-Currency, consequently making the currencies prices decrease, just a ban warning isn't enough to stop anything.
665  Economy / Economics / Re: Deflation on: January 30, 2018, 04:41:10 AM
I can be saying something wrong, but isn't deflation a good thing? Let's think from the point of view it just makes things balanced, it's a natural event that shows the market what is needed and what isn't needed anymore on the market... So you won't produce something that others are already producing, you will have to find a new product/sector to work with.

In my opinion what isn't a solution is to incentive people to spend more money than they have and to incentive the population increasement without control (common weapons to beat deflation). What do you think?
666  Economy / Speculation / Re: Can Bitcoin get to drop to $5,000 and below in 2018 on: January 29, 2018, 10:28:20 PM
Governments have the temporary power to decrease Bitcoin's strength. They can do this by introducing flash rules on their countries, rules like banning exchange's accounts at banks (in parcery with banks), putting regulations on Crypto enthusiasts, banning Bitcoin. When this happen the demand decreases fast and temporarily, especially if it's a big country, responsible for a decent traffic in Crypto world.

It could lead BTC to $5000, but it's unlikely at this moment. BTC has too much strength near $11.000-$10.000, it's the currently support.
The little fishes enthusiasts can do nothing about it, they don't have decision power. If they are able to find a gap on the system it's already too much.
667  Bitcoin / Bitcoin Discussion / Re: Will cryptos be so volatile forever? on: January 29, 2018, 08:25:12 PM
A simple system based in supply and demand is always unpredictable, but the chances are at volatility side.
So we can expect it continues volatile forever, unless the market finds a perfect balance naturally.

What makes the currency interesting for most people at this moment is the speculative characteristic, with stability it would lose this characteristic and this public would go away... On the another hand a new group of people would come and start accepting it on their stores, businesses and really using it for payments in a daily basis (because the stability characteristic), so the price would increase again... Then the speculators come back and it continues in a looping.  Cheesy
668  Bitcoin / Bitcoin Discussion / Re: Bitcoin is creating money out of thin air on: January 29, 2018, 05:37:31 PM
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.   Angry
That is exactly what fiat does right? The biggest difference is that the rate at which bitcoin is creating new money is slowing down, and it will eventually reach zero and no new coins are ever going to be created, but this is not the case with fiat, fiat generation is only going up as time goes on we only need to have a look at the US dollar supply to understand that.

Yes, that is what fiat does. I believe the difference is that Bitcoin has a maximum limit everyone knows (21.000.000 of coins), while fiat can be infinite if the authorities wish, they just need to print money all day long. Bitcoin is exactly the opposite of fiat, it's simpler, but has more structured rules. That is very beauty: At same time it's less complexed and bureaucratic it's more well designed and elaborated!
669  Economy / Marketplace / Re: The most stable coin" USDT" ,have the possibility of collapse?? on: January 29, 2018, 04:32:01 PM
The most stable coin ,have the possibility of collapse?

This question Troubled me for long time,Thanks for answer Smiley

Yes.
What are the reasons to think so? I saw people writing that tether is not used as much as it seems to be used or something like that, but is not this coin the safest one among cryptocurrencies, since it is regulated and backed up by dollar? I guess this coin can't make one earn profit as well as lose anything. It is just kind of an electronic version of dollar which works like a cryptocurrency. I can understand why people hate it ideologically, but I don't see it possessing any real threat.

I didn't understand it too. In what situations could Tether colapses? It's a stable currency, always following Dollar's price, good to move your trading profits into this to avoid fluctuations and losses. Do people here mean there isn't any guarantee Tether will keep following Dollar's price and may fail like a scam or it will colapse only if Dollar colapse as well?
670  Economy / Speculation / Re: bitcoin price speculation on: January 29, 2018, 05:01:38 AM
On short term I don't have many hopes to see BTC rising. The situation is stable near $11.000 and I'm not convinced it's going to change soon without any solid reason. In my opinion we depend an upgrade in Bitcoin to see it skyrocketing again, Lightning Network would be nice, but then I don't know if it will happen on medium or long term. Some small events like governments regulating, banning Bitcoin can affect the price too, but they are unpredictable.
671  Bitcoin / Bitcoin Discussion / Re: Why do many people who don't know bitcoin denigrate and attack bitcoin? on: January 29, 2018, 03:42:58 AM
it is simple, because of money!

there are two groups that i have seen so far attacking bitcoin. one is the banksters who fear for their future. they do understand bitcoin very well and that is why they don't want it to succeed. they are alive and strong because there have been no alternative to banks but now there is...
the other group are the ones who want to make profit from bitcoin because they hold some small or large amount of it. they attack it at specific times so that they can cause some sort of panic and be able to buy more of it! bitcoin has a small and limited supply after all.

This is definitely the answer to this situation. In any aspect that involves power over something, those who are considering themselves as the rulers will most definitely eliminate the threats to stay at the top just like in politics, business, etc. They will manipulate everything for their own benefits and it has been happening even before btc came so there's really no surprise that those banksters are doing their best to destroy btc's credibility. Good thing there's still plenty of people who see the truth out of all the lies the detractors have spread.

And only aware minds can protect Bitcoin against so many threats and defamations. These powerful guys have full confidence they will keep rulling everything by keeping a population majority they need in ignorance forever! It worked very well by some time ago, but with mass internet adoption happening on the last years this mightiness was threatened.

Alternative sources of information appeared and many woke up to reality. Those who still defame Bitcoin for ignorance do this because they want to be on the ignorance, because at this point information is accessible for everyone.
672  Economy / Economics / Re: What determines the after ICO price? on: January 29, 2018, 01:20:23 AM
The fact is that demand and supply will determine the currency's price after ICO. But the point is, what would make the demand increase? What would make people have interest in buying, holding and using this currecy? Pure speculation?

In most cases I think so, but there could be some reasons with people would use that currency. Maybe to gamble at a special casino, to earn interest over the held amount, to use inside an online game... These are some ideas a developer could use to boost his currency's demand after ICO, consequently increasing its price.
673  Economy / Marketplace / Re: Hacking is the Big Problem on: January 28, 2018, 11:47:54 PM
What I do: I set a "threshold" at exchange's balance. Let's say I start trading with 0.01 BTC. I keep trading and I let this money there without worries (it's risky, but I choose to take it). Once I hit my set "threshold" it's time to withdraw. If you are too afraid, split your coins among some trusted exchanges or always withdraw your money after a day work. These hacks rarely happen though.

Each one has his own strategy to store money, try to find the best for you.
674  Other / Politics & Society / Re: What should be done to eliminate corruption? on: January 28, 2018, 10:04:13 PM
The historical roots of corruption, probably probably hike back to the custom to make gifts to gain favor. Expensive gift isolated person apart from other applicants and contributed to the fact that his request was fulfilled. Therefore, in primitive societies a fee to the priest or leader was the norm. As the complexity of the state apparatus and strengthen the authority of the Central government, there were professional officials who, by design of the rulers, had to settle for a fixed salary. In practice, officials sought to use his position to secret of increasing their income.

The first ruler, on which remained the reference as the fighter against corruption, was Urukagina — Sumerian king of the city-state of Lagash in the second half of the XXIV century BC Despite the significant and often severe punishment for corruption, it did not lead to the desired results. At best, he was able to prevent most dangerous crimes, however, at the level of small bribes embezzlement and corruption were widespread. The first treatise with a discussion of corruption — "Arthasastra" — published under the pseudonym Kautilya one of the Ministers of Bharat (India) in the IV century BC In it, he made a pessimistic conclusion that "property of the king cannot be, at least in manner, has charge of this property."


Interesting story... I think you touch a main point: To give gifts to gain favour. Usually gifts are sent to someone more powerful or influent than you in your realm. I believe we can't live in society without organization, so the authority is needed, but without supreme power.

And the only way to make things fair would be to have a decent authority, someone honest and fair on the command, so he would be an exemplar person and wouldn't accept corrupt behavior from the side of his subordinates. The citizens would have examples to follow and wouldn't have reasons to justify their corrupt behavior as we see in many societies.

There isn't a way to eliminate corruption, but if there is punishment with justice, it's already enough.
675  Bitcoin / Bitcoin Discussion / Re: What will happen IF the Lightning Network succeeds? on: January 28, 2018, 08:32:14 PM
1. Will other Alt coins <like Bitcoin Cash> also add SegWit and the Lightning Network, levelling the playing field once again?
Any AltCoin can try adopting the same technology to compete with Bitcoin, but if Bitcoin and any other currency offers the same features, Bitcoin will always have the advantage.

2. Will PayPal and Banks develop their own Blockchain technology with Lightning Network or just buy their way out of trouble, like they did with Ripple?
I believe it's unpredictable at this point, too early to say with sure. It's a strategical game and there isn't a solid plan yet. Crypto-Currency is something very new for them yet, precipitate actions can make decentralization stronger, what isn't their goal.

3. Will Governments come down even harder on Bitcoin, if Bitcoin becomes more mainstream?
I think so. The adoption just needs to increase a bit more and the persecution will start strong... Regulations will come sooner or later for those countries which don't have it yet. The success of Bitcoin represents the defeat of paternalistic governments and ironically a menace for Bitcoin's enthusiasts.

4. Will the traditionalists abandon Bitcoin and support other Crypto currencies where Block size upgrades are still used? <Following the supposed Satoshi vision?> Will those Alt coins still be able to compete and eventually survive?
Only if Satoshi comes in public and tell people to invest in X AltCoin. I doubt it would happen. AltCoins will keep existing and having their spot on second plan in Crypto-Currency world.
676  Economy / Economics / Re: Imagine that economy that we know it today is not needed.... on: January 28, 2018, 04:04:29 PM
You mean a society where money isn't needed anymore, profit isn't a goal anymore?

In a material world I think it's impossible to happen. What makes the big engine move are the necessities each one of us have to live decently. A society without these trades between people is a dead society, where nothing more is produced (technology, knowledge, discussions...). In a place like this Crypto-Currency wouldn't even be created...

Communists "dreamers" want people to believe a perfect equal society would be a solution for everything, but that is impossible as people aren't equal. Each one is unexampled and the decisons this person takes in life will decide his success or defeat. If everyone is equal by forced ways, the honest and the dishonest will have the same value on this society. The worker, who produces, and the vagabond, that only consumes, will have the same value and tools disponible.

So why would anyone want to work hard and develop something on a society like this? People won't appreciate it...
Why to work in a society like this? Just to survive?

We are in this world to thrive and to be fair with each other. Voluntary trades among people are necessary and vital for the progress of our existence.

maybe I'm not right but in my surround, the one who "work hard for financial stimul"are not the builders of society.
 They to much cycled on their personal(family) needs, but the one who know, why, and what for they are doing what they are doing, and can be free out of financial stimul,they are much more active...and yea many of them are social activists or have social oriented business.


What do you mean by "the builders of society", the proletariat? And those "working hard for financial incentive" are the bourgeois?

I think everything Crypto-Currency doesn't need is a "Class Struggle". The truth about this is that everyone is fighting for power, control and money. These activists, social groups, just use the poors as their meat shield on this battle, but once they reach the power, there won't be any equality, they will become unproductive nobles ruling a chaotic miserable society.

On the theory everything is always beautiful, but on practice always failed so far... But they are always prepared to try again saying this time will be different (and it always end with people trying to run away to foreign neighboor countries).
677  Economy / Economics / Re: The impact of bitcoin on the financial stability of a country on: January 28, 2018, 05:08:19 AM
Bitcoin holds more than 51% share in cryptocurrency market. If we see popularity of bitcoin in last five years it may affect the economy of any country. Bitcoin`s rising price attracting more and more investors all over the world. These investors are pulling money from their traditional investments and investing it in bitcoin currency. Similarly they stopped using fiat currency in their day to day life. As a result circulation of fiat currency get disturbed so as the economy. As a result Indonesia and other countries banned bitcoin currency completely from their economy by giving security and stability reasons. In future many more countries can ban or regulate bitcoin currency.

How could people have stopped using fiat on their daily life if there are only about 100.000 businesses in the world accepting Bitcoin as payment? We can't live without fiat. Bitcoin boosts countries economies a lot when people convert their Bitcoin profit to fiat. You are putting money in circulation in your country, the government should feel proud of their people and not ban Bitcoins.

Bitcoin is unstable and doesn't guarantee any stability for your country, if using it as store of value, but on the individual life it has only advantages.
678  Bitcoin / Bitcoin Discussion / Re: Fighting the Laziness problem in the central banks worldwide on: January 28, 2018, 02:53:42 AM
I don't see they refusing to work with Crypto-Currencies, I believe at this point everyone reached to the conclusion Crypto-Currency is unstoppable, the point is that they will want to work only with Crypto-Currencies they control or have big influence over it.

Ordinary people can continue using the Crypto-Currencies they want, the problem is when people need to convert the digital currencies to fiat...

omg you damn low IQ noobs why dont you get it:

people are lazy they still dont work for cryptos they are morally wrong,

morally misguided, they gonna burn in hell for this allah will punish them

just repeat if you want your cryptos beeing worth something.....


we need a forum wide outrage, why can you all work as a bitcoin sect in tandem promoting bitcoin over all other forks and coins although they are sometimes 100% identical but not insulting people beeing lazy not working hard enough for cryptocurrencies?

whats wrong with you?



I'm not getting what you mean...

Do you want the end of fiat system? Do you want everyone moving their funds to Crypto world to broke the banksters who control the financial system on the countries?

Or it's my IQ or you aren't making yourself clear enough...
679  Bitcoin / Bitcoin Discussion / Re: Fighting the Laziness problem in the central banks worldwide on: January 28, 2018, 02:23:00 AM
I don't see they refusing to work with Crypto-Currencies, I believe at this point everyone reached to the conclusion Crypto-Currency is unstoppable, the point is that they will want to work only with Crypto-Currencies they control or have big influence over it.

Ordinary people can continue using the Crypto-Currencies they want, the problem is when people need to convert the digital currencies to fiat...
680  Bitcoin / Legal / Re: Countries with weak economies can use cryptocurrency instead the dollars. on: January 27, 2018, 09:52:36 PM
It's upon to each country, it's possible, and only advisable if the country has nothing to lose. Bitcoin as reserve unit is too unstable. I believe the main idea of a reserve unit is to have stability on long term, something that Bitcoin doesn't guarantee us. What would be a smart idea for weak economies is to use Bitcoin as reserve unit, but not only Bitcoin, splitting the total budget among some investments. Like 10% in BTC, 60% in Dollars, 20% in Gold, 10% federal securities...

Decreasing risks like an investor do on his personal life.
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