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6621  Economy / Trading Discussion / Re: About trading in websites on: June 07, 2015, 08:22:40 AM
It is not clear enough if the price in the buy order and sell order is in euro or USD so I'll assume that they are in euro to make it simple and It seem pretty sick to sell it at 10 euros while there are someone buying at 220

Mr. A will sell his 2 BTC at the price of 220 and 210 , so he will get 430 euros for 2 BTC minus the trading fee from btc-e. The system doesnt allow you to sell the price lower than the buy order in the order book even if you intended to sell them for 1 euro

Mr. B will buy his 2 BTC at the price of 230 and 240, so he will spend 470 euros for 2 BTC plus the trading fee from btc-e. The system will automatically execute your buy order at the lower price since there is an order at 230 and 240 for 2 BTC .

Im actually not sure if the system would automatically execute the lowest price offer, ive seen once btc sold at 100$ when the price was like 800$. As far as i know when you try to sell for a lower price a warning will pop up telling you but you can just deny it and sell at whatever price you want

Thats because there is a low supply for the buy order. If you intended to sell 2 btc at the price of $5 for example and there is only buy order of 1 BTC at the price of $99 and the rest of the order is at $10, Some will be sold at $99 and then some of your order will be sold at $10 instead although the price is still floating at $100 (for example)
6622  Economy / Economics / Re: Buying Bitcoin on margin - this could explode the market (and bank accounts) on: June 07, 2015, 08:18:44 AM
Think about it, the price is driven by supply and demand.

The price is driven by suppy, demands and also manipulation from the traders

Margin increases demand instantaneously.

Margin increases demand but also that each time a trader buy then that means that there will be a time that he will need to sell it shortly which makes them neutral and wont affect the market at all. It is not like someone is holding after using this, someone is planning on short term which involve buying and selling simultaneously

The downside of margin is that the people that use it can end up upside down, broke, in a very short period of time if they make the wrong position.

It is a double edge sword if you dont know how this things work, in the end most people actually broke themselves with this if they are not accustomed to the way of how daily trading is. It is not about buying and holding, it is about buying and selling it back for either profit or loss at X percentage
6623  Economy / Trading Discussion / Re: About trading in websites on: June 07, 2015, 08:11:47 AM
Hello,


Imagine this is the order book on btc-e:


SELL                                  BUY

1 btc at 230            1 btc at 220
1 btc at 240            1 btc at 210
1 btc at 250            1 btc at 200

now, in same time

mister A put a SELL order of 2 btc at 10 euros      AND     and mister B put a BUY order of 2 btc at 250

at what price mister a will sell his 2 btc?
at what price mister b will sellbuy his 2 btc?

in advance thanks

It is not clear enough if the price in the buy order and sell order is in euro or USD so I'll assume that they are in euro to make it simple and It seem pretty sick to sell it at 10 euros while there are someone buying at 220

Mr. A will sell his 2 BTC at the price of 220 and 210 , so he will get 430 euros for 2 BTC minus the trading fee from btc-e. The system doesnt allow you to sell the price lower than the buy order in the order book even if you intended to sell them for 1 euro

Mr. B will buy his 2 BTC at the price of 230 and 240, so he will spend 470 euros for 2 BTC plus the trading fee from btc-e. The system will automatically execute your buy order at the lower price since there is an order at 230 and 240 for 2 BTC .
6624  Economy / Economics / Re: Bitcoin trading strategy on: June 07, 2015, 08:01:05 AM
-snip-

Are you really believe that you will get $50 per bitcoin until your payment time is up? And now the price of bitcoin is just around $224-$225 so I dont think the price will hit until $274-$275 so it is pointless to do that kind of trick

There is nothing wrong with that, he is simply stating up example so he can indeed put up any number into it but he forgot the vital point that a skilled trader wont even wait for a 10 % increase to sell it, it will be around 0.5-1 % to execute the sell for them

Are you sure that this might happen? $10,000 is that making sense? May be around $1,000 I still believe it but $10,000 I still can't believe it what will happen if the price has going there

Nothing wrong with having speculation though some people loves it actually and also that most people that hold BTC for long term actually have the same opinion about that. Mostly because it is driven by the past perfomance that the price shoot up to $1200 which they believe might happen again after some halving or atleast few tenth years
6625  Economy / Economics / Re: Investing in Bitcoin vs. Index Funds (and the FIRE concept) on: June 07, 2015, 07:46:11 AM
So, based on this, what is better to invest in - Bitcoin, or Index Funds? Do you believe Bitcoin can manage to appreciate a solid 7%/year against the dollar at least, 4%/year in real terms? Is it too volatile?

Definitely index funds. The value of BTC is very volatile right now and it is showing a sign of price declining day by day which most people doesnt notice. Not saying that index funds is the better option for this but I am intended to say that it is indeed the better option for now comparing it to BTC

The value is being manipulated by trader ,one day you could wake up and see that all your BTC would be worthless overnight and the other day you could see that the price increase by X percentage. Another thing is that in order for index funds to lose it worth overnight would be that if the world is going into the war once again but I doubt that going to happen though so Index funds would be the better option for now
6626  Economy / Economics / Re: Is it better to save money or invest it? on: June 07, 2015, 06:40:57 AM
Saving is a dumb way to make money off of interest rate, banks will always make more.

Of course it is and so does the other type of company that offer you an X percentage for investing on their company. If the operator/company doesnt make more than what they promise to give you then they wont be making anything at all.

First, save money for three years to support yourself during investing money on any business.

Three years isnt needed for investing. Getting investment doesnt mean that you need a big chunk of money here, instead there is a lot of smaller investment that you can get i.e an oz of gold , although what you get in return for your investment will be in a small amount but atleast it is something rather than nothing for waiting for 3 years.


always try to double your investment

Bad idea, you dont try to double up what you invest in this case but more likely consider each investment to have an exit plan instead. The simple rules will be

Code:
get investment -> get a profit -> exit -> repeat the process

Otherwise you will be swimming in delusion of constantly wanting to get a big chunk of money without even getting an actuall profit for your investment because every investment got its own risk, you might not always get a profit but maybe a loss instead
6627  Economy / Micro Earnings / Re: how much can you make weekly? on: June 07, 2015, 06:29:30 AM
They were never intended to be a stream of BTC income.  

For faucet collector, No. For faucet owner it is indeed a stream of income, considering the oldest faucet is still alive until now, freebitco.in, I believe the owner do get a constant income from it

Signature campaign will be forever

Every good things come to an end, signature campaign is coming to an end as well considering how many people are pissed off due to the constant spamming throughout the board . It is just a matter of time when will it be coming to an end though

trading is much more lucrative yet (if you are successful at it, of course)

Each time someone "wins" on trading there is someone else who lose in it . Trading could be the answer to a constant weekly income , considering it is actually not hard to be able to gain some profit in trading, it is just a matter of timing for the execution of your buy and / or sell
6628  Economy / Gambling / Re: MiniDice - Simple Dice for Quick Rolls - Moneypot Secured - Open Source on: June 07, 2015, 06:14:55 AM
this is the first time i have heard of the 'moneypot' wallet...interesting !!

Moneypot isnt really only a usual online wallet , more or less it is a suitable wallet for gambler and also a risk-free bankroll provider for developer to start their own gambling site which you can read more about it here https://bitcointalk.org/index.php?topic=1020726.0. Developer gets 50 % share of the house edge each time a player wager on the site so its a complete win-win for developer
6629  Economy / Gambling / Re: FIFA WORLD CUP UNDER 20!!Discussion!! on: June 07, 2015, 06:06:46 AM
guys bet on brazil and over 2,5 goals on that game

This seems to be an easy match before the game but the North Korea defences lines seems tiugher than what it is predicted, Half time now and the score is on draw 0-0

Im bet for germany now with almost 1btc,..

my heart beat stopped for a few second when Honduras make same score 1 vs 1..
hope both of team make alot of goal, because i pick over 4.5 total goal Grin

It seems you are winning big for this, the final score is 5-1 so it is a 4.5 over

I am going to try Brazil over 4.5 goals instead.


This doesnt seem like it, they are currently on 0-0. High chance that Brazil win but the score will be hard to exceed 4 goals in total

Any thoughts about Nigeria vs Hungria?

Hungaria seems to be a better team to bet on in this case but the score currently is 1-0 with Nigeria leading on it
6630  Economy / Gambling / Re: Hufflepuff Making 2k BTC On PrimeDice Nov 2014. March 2015 Update: He Cheated on: June 06, 2015, 07:42:02 PM
AFAIK hufflepuff was a mod of primedice; so he can easily know his server seeds etc. Also it was obvious to gain attention to primedice...

No he was not a mod. Basically mod is just usual player than stand up for the PrimeDice community which means that they are an outsider. Even if he was a mod, he has no access to the server seed because no outsider has the access to it.
Stunna doesnt even trust other person to handle the support section which means that there is no doubt that only he or edward have the access to the server seed
6631  Economy / Economics / Re: Bitcoin trading strategy on: June 06, 2015, 06:17:48 PM
-snip-
Of course, you can also lose a lot of money this way: if the price goes down instead of up, you will lose ten times the price movement. This is what makes margin trading so risky – it is potentially extremely profitable, but can also be very costly.

Good example Unless you forgot that a skilled trader wont even wait for the price to increase by 10 % then sell it after and to mention that there is a way to actually profitted from using this strategy, which is called as constant percentage execute. Skilled traders are always playing with the market like a bot (if they are doing it manually ) , with that said before doing it , they have put in a limit of each buy or sell.

i.e 1 % each time which means that whenever the price shoots above 1 %, they will constantly sell it for 1 % profit instead of above it for safety practice and also do the same thing whenever the price drop (cut lose)

Heard of this saying :

Code:
It is better to get something rather than losing 

P.S : my own saying btw  Tongue

As a matter of fact, this is actually needed for daily trader. Having either good or bad news will bring on the hyping even more active , which you can check from btc-e trollbox regarding how they react due to the KNCminer coins being moved.
Also if you remember correctly on how the news of several months ago regarding paypal accepting BTC is leaked, people are buying like crazy but somewhat the price is going back to where it was weeks later. News do have slight effect for the price but the thing is due to the market being manipulated, we could not even predict wether the X or Y news will bring an impact or no the market

i dont buy direct from exchanges i buy for a resseler that plays with market soo lets say the btc worth around 300 dollars that users charges me 50 dollars above and done...even if he bought btc low or high the user just got some income and always add a rate above the current rate of btc on that day .I dont buy direct because most exchanges ask too many details about the trader and allow wire transfers as credit card and i dont like it.


This is another way a trader profitted from the market though. It is somewhat less risky and much highly proffitable also that it is much more less time-consuming, which you can even check from the currency exchange board whereas most people accept at -3 % stamp rate and sell them at +3 % stamp rate (more or less ) , thus this generate a 6 % overall profit for them

Actually most BTC/FIAT exchangers do ask some question especially your identity since it is involving FIAT though and actually it is a normal procedure around
6632  Economy / Economics / Re: Government & Bitcoin on: June 06, 2015, 05:47:09 PM
Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us.

Unfortunately, BTC posses no threat to the economic system for now. It is still treated as a stocks and not as a currency, the value of it is still being manipulated and it will be years from now before the goverment will be taking about this threats seriously.
Basically the government could do nothing about it since it is a decentralized currency which means that any government wouldnt be able to put up anything to restrict it , best thing they could do will be banning and it will be absolute pointless because all you need is a simple internet to access your BTC (beauty of crypto world)

there is another thing they can do(and probably is the best thing for us), instead of banning it they will propose something alike, like their own centralized coin, to steal users from bitcoin, by offering more security and better regulation, while leaving bitcoin as it is

many will just choose the gov coin and leave bitcoin to criminal basically...this could damage bitcoin enormously

Interesting, unless you forgot they got their own "centralized coin" already which is called FIAT in the shape of physical coin like a penny and this is just like changing FIAT into the shape of crypto FIAT which is highly unlikely going to happen because it serves them no more benefit then using FIAT itself

But why they need to collect tax from bitcoin?

By putting some tax on it, it will then discourage people to use it. People tend to avoid tax so if this is going to happen then their motive will be either discouraging people to use it by putting a high tax percentage on it and/or collect some extra profit from the people who use  it (likely going to happen)

I'm not sure if people prefer to any crypto coin that be provided by government, since government won't make something that can't give high profit something back to them.

Exactly, corrected some part of it

So if they really make that, the fee will be higher.

Or it will be no different than FIAT at all unless the digital part
6633  Economy / Economics / Re: Is it better to save money or invest it? on: June 06, 2015, 05:40:19 PM
Invest because your money can grow up when time passes

You forgot that when some time passes there is also a chance that inflation might happen and thus by that time the interest that you earned from your investment will be nothing but dust instead.

and it can secure your good future

Investing doesnt mean that you are securing your future with because there is a risk to everything you do. Putting your money in the bank got some risk as well and it is a bogus mindset to think that you / your generation will be a billionaire by 100years from now if you are getting some investment

but savings accounts generally earn a lower return than investments.

approximately up to 7.5 % interest value and it depends on the digit that you are putting in as well as the timeframe for it, goes higher with the increasing timeframe though. Actually the interest seem fair considering it quite safe depending on the other type of risky investment
6634  Economy / Gambling / Re: FIFA WORLD CUP UNDER 20!!Discussion!! on: June 06, 2015, 03:34:14 PM
I am going for Honduras @14.5 just for fun by placing 0.02.If somehow Honduras wins that will be amazing.Sometimes is more good to go far underdogs as if somehow Honduras succeeds to goal first all the odds will be different than now.

Basically it is a waste to bet 0.02 on it. No doubt with it, If an underdog like U20 Fiji could even won against them then I dont see a chance of Honduras to win against U20 Germany as the team beat up U20 Fiji with an outstanding score

Brazil: 1.13
Germany 1.19

parlay: 1.34

Is it worth?

No doubt it is an easy win for both of this team, you might want to put in Brazil -1 and/or Germany -1 for it to make the odd much higher . Brazil is guaranteed to win this match and the Germany will be facing with Honduras that lost 3-0 even to Fiji the underdog, that should hint on how bad their defences line is

I've made an parlay with Germany and Brazil also; both over 2.5...

Standard is also good.

I think all these options are worth betting on...

Compared to any outcome for Barcelona - Juve...these are almost 'guaranteed'...

This "easy" game should be a bless for most gambler and also It is not a gambler intuition to bet on a high standard game like Champions league final. As a gambler, one should bet on the game that have an edge for him not over him, betting on a match that has an unpredictable result like this indeed is very risky

FIFA not confirming any investigation on the Fiji vs Honduras match

-snip-

This is what FIFA always says, basically they are conducting it secretly because if they do announce it to the public than it will be harder for them to investigate this also that, saying they are investigating on this matter will indeed leave a bad impression for the world cup and they might not want it. Another scenario will be that they will conduct an investigation after the worldcup
6635  Economy / Gambling / Re: FIFA WORLD CUP UNDER 20!!Discussion!! on: June 06, 2015, 01:31:48 PM
I am going for Honduras @14.5 just for fun by placing 0.02.If somehow Honduras wins that will be amazing.Sometimes is more good to go far underdogs as if somehow Honduras succeeds to goal first all the odds will be different than now.

Basically it is a waste to bet 0.02 on it. No doubt with it, If an underdog like U20 Fiji could even won against them then I dont see a chance of Honduras to win against U20 Germany as the team beat up U20 Fiji with an outstanding score

Brazil: 1.13
Germany 1.19

parlay: 1.34

Is it worth?

No doubt it is an easy win for both of this team, you might want to put in Brazil -1 and/or Germany -1 for it to make the odd much higher . Brazil is guaranteed to win this match and the Germany will be facing with Honduras that lost 3-0 even to Fiji the underdog, that should hint on how bad their defences line is
6636  Economy / Gambling discussion / Re: BEST FREE SOCCER/FOOTBALL BETS #1✔✔✔(W290/L90)PREMIUM PICKS FOR ONLY 0.01 BTC!!! on: June 06, 2015, 01:26:15 PM
but what worries me the defender of Juventus could not withstand the onslaught of suarez, Neymar and messi

The only way they will stop Barcelona's trio will be either defending hard by having atleast 9 players defending the 1/3 of the pitch or play a rough game to stop them. Basically most Juventus defender are slowish, that means their defender will maintain their position including their fullback eventhough they are counterattacking

P.S : With this, actually it will be a good bet to bet on the booking odds instead, Juventus has a huge chance to make a lot more booking or another option would be betting on cards over X though
6637  Economy / Economics / Re: Government & Bitcoin on: June 06, 2015, 07:04:02 AM
Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us.

Unfortunately, BTC posses no threat to the economic system for now. It is still treated as a stocks and not as a currency, the value of it is still being manipulated and it will be years from now before the goverment will be taking about this threats seriously.
Basically the government could do nothing about it since it is a decentralized currency which means that any government wouldnt be able to put up anything to restrict it , best thing they could do will be banning and it will be absolute pointless because all you need is a simple internet to access your BTC (beauty of crypto world)

6638  Economy / Economics / Re: Is it better to save money or invest it? on: June 06, 2015, 06:55:56 AM
well the risk factor of investing its relative acording to the amount to be gain if you have a 5 % risk of profit and investment you get 5% profit

Where did you get this calculation from? Basically investing is actually risking a whole lot (100%) to gain a small interest out of it and it is not risking X percentage to get X percentage in return that would basically make you earn 100 % interest out of it which of course ponzi sites do offer 100 % interest and it is not investment though

in my opinion you safe 80% and invest 20% low risk

Not actually low risk, basically the risk will need to be calculate based on the investment itself. It depends on what / where will you put your investment on. Putting 1 % of your entire money into high risk investment is indeed a high risk choice despite it is just a 1 % of your money
6639  Economy / Gambling / Re: girlbtc.com™ || onevsone || elephant v.s. tiger v.s. mouse || check your luck on: June 06, 2015, 06:37:20 AM
strict rules:
anyone challenge himself from his another account will not be count as wager.[/color]

Because you are getting into trouble in the past determining about people using multiple account for your giveaway ( incident with halevivi/amiryagot), I will suggest that it will be better if you adjust the rule into that the wagering process will be counted only if you challenge the admin.
Having this strict rules will be pointless if someone use up a TOR nodes to make a multiple account and challenge his/herself since you wont be able to determine if they are the same person and ofcourse it will be easily abused in the end
6640  Economy / Gambling / Re: BetterBets.io - Bitcoin Casino ★Unique Luck Forging★ Powered by Moneypot.com on: June 06, 2015, 06:30:25 AM
Some thoughts after seeing vindyne hitted a 9000x payout earlier. Basically it would be better if there is an auto adjust to 9900x multiplier if a user intended to put on atleast a 5000x multiplier because the number needed to be roll will be the same ( <0.01 ) thus it will be pointless to do a 5000x multiplier if you can do a 9900x with the same requirement number

P.S : I had much fun with the stress testing yesterday ! Im waiting for the next one to come Smiley

P.S 2 : Keep on rolling for your $150 raffle tickets Smiley
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