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7081  Economy / Speculation / Re: the increase in the price of bitcoin is getting better. on: May 03, 2019, 06:50:01 PM
I think this is because people are braver nowadays compared to what we used to be and that helped us get into higher prices much more quickly. We have stayed around 6 thousand dollar levels for months which allowed people to bring their averages down and than we went down to 3 thousand dollar levels which really helped them to get it really low.

So right now, people are buying bitcoin and increasing the amount because they know what bitcoin could be (we hit 20k once why not again idea) and what they are at on averages so the more bitcoin you have the more profits you will have when the price goes up enough. That really shaped the future of bitcoin, if we didn't had a terrible 2018 there would be only few people who profited from that 20k but now we will have much more people profit from another 20k if we can hit it.
7082  Economy / Economics / Re: bitcoin goes down, no new rich people anymore on: May 03, 2019, 06:10:18 PM
I think if we focus on the "ha ha" part of OP it is clear that the intentions are people who got rich thanks to bitcoin are still a target for people who have not become super rich thanks to bitcoin.

There are people out there who envy people who made it big thanks to bitcoin and they want to see them go down and lose all their money, why would someone be rich when you can't be rich, that is their thought. That is why anytime bitcoin goes down we see these kinds of people who come up and say "what you feel now! ha ha" but this one just reacted a bit on a bad time since bitcoin is on a decent bull run for the past month.

If he did that during January when bitcoin hit as low as 3400 or so from 20 thousand dollars of previous year than he would have been at the right moment but today we are on a big run so its not the proper time to do this.
7083  Economy / Trading Discussion / Re: what to do, if an exchange disables trading for certain currency? on: May 03, 2019, 05:36:58 PM
The simplest choice is to check out if there are any other places that allow you to trade that coin and withdraw that coin to that exchange and trade it there. Simple as that.

Moreover, it gets more difficult when you find out that there are no other places you can trade that coin or all others are now horribly low that it wouldn't even make sense to trade since it worth peanuts to you.

It is a very tricky subject in that case since some coin that got delisted by an exchange must have very little volume to get delisted, exchanges make their money from that volume and trades so removing a coin is not an easy task and they are literally saying "we don't need the money from allowing trade of this coin" so that means if it gets delisted it must be not on the right path at all.
7084  Economy / Trading Discussion / Re: Price of alts when BTC pumps on: May 03, 2019, 04:41:06 PM
I believe the increase in alts follow bitcoin a bit late, for example if bitcoin goes up suddenly than the bitcoin price of an altcoin goes down because dollar value stays the same but than the bitcoin value of it increases as well to reach the previous prices so the dollar value increases as well. You can't expect them to be increasing all at the same time in a unison but you can expect them to catch up with bitcoin given enough time.

I just feel like there are less big coins now, in 2017 there were hundreds of coins that went up in price and diluted the market but now there are maybe 20-30 good coins left while others are not cared about too much which is why this time around its easier for other coins to increase since the market is not diluted as much as it used to be .
7085  Alternate cryptocurrencies / Altcoin Discussion / Re: Is patience really a personal business in Crypto? on: May 03, 2019, 03:52:02 PM
I think just patience wouldn't be enough, you need to know how much patient you need to be as well. Someone who buys bitcoin from very little and now holds a lot of bitcoin when the price is high is still holding but you don't know when to sell it neither, maybe he made a million dollars profit from holding but maybe he will make another million if he waits another year ?

So, patience is a great virtue in crypto world but all alone it wouldn't solve any of your problems at all. You have to actually know when the money you profited is enough and you should be starting to focus on other stuff as well. You can't really make billions of dollars from bitcoin so if you ever pass a level where the money is good enough to change your whole life than you need to withdraw it.
7086  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum goes to the top! on: May 03, 2019, 03:28:48 PM
I see price growth and ethereum charts getting better. Although it is difficult to reach $ 200. Well, this is a good opportunity to start buying ethereum. Is this a good idea for now? Let's discuss it. Thank you in advance.
To what top? Number 1? Like as in more than bitcoin? That is super impossible right now for ethereum, specially right now. I think the best case scenario for ethereum is to stay at number 2 or 3 for another while and try to not get destroyed by all others that are following it.

Right now, there are so many coins that is basically doing what ethereum has done that ethereum lost its unique sense right now, its no longer something that is super new and rare, its something quite common and that dropped its price a lot and its not going up as much as some of the other coins that is rivaling ethereum. I feel like coins such as bnb, tron, eos, neo and all that really took a bite out of ethereums market share and grew from there onward. I hope all of them goes up of course but it doesn't look that bright for ethereum anymore.
7087  Economy / Economics / Re: Asset multiples at highest since two previous global crashes on: May 03, 2019, 06:54:31 AM
The difference here is that tech bubble happened so quickly and didn't had a history behind it, it was brand new and everyone got attracted to it so it went up super quickly and it went down super quickly as well, people thought that they could find the one in a billion amazon like stock and get rich super quickly, it failed.

Something different happened in 2008 when the banks got super greedy and they mortgaged housing loans but that wasn't enough so they bounded them together as well and sold that too and than like that wasn't enough they bonded those bonded ones again and sold that too, which made the margins so thin that even the smallest one would cripple the market, AND LIKE THAT IS NOT ENOUGH they put horrible not paid mortgages into good ones to get rid of them too.

Now stock market does look like it increased way more than it should but at least its a really legit system and even if it falls it can rebound back easily. That is why they are not similar to previous two bubbles.
7088  Economy / Economics / Re: Crypto Market ‘Bullish’ in Wake of Bitcoin’s 20% Surge on: May 02, 2019, 05:38:38 PM
even though most of the indicators are showing positive with the new update from bitfinex and tether investigation  we may expect bitcoin prices may come down to 4500 dollars thereafter again accumulate and price pump

You should check and visit Bitfinex, Bitcoin is currently being traded at $5,650, It is higher compare to other exchange so i don't see any reason for BTC to go back down to $4,500 USD.  We have no other way to go up to $6,000 Mark before the month ends

We had all already seen that, let's call it, inconsistency

It happened when Bitfinex had been cut off from the banking system and people couldn't withdraw fiat (only on an individual basis). Such discrepancy typically means that people are trying to withdraw their funds via cryptocurrencies no matter what the price is. I can tell you what might happen next. If things continue to develop along this path, expect limits imposed on withdrawals up to a point where all withdrawals are disallowed altogether. They will start to tell you all kinds of bullshit (like what Craptsy did), but in actuality it means just one simple thing, that the exchange is bankrupt
I think not being able to withdraw fiat is not a huge problem in the bitcoin world today. Thankfully there has been surge of bitcoin exchanges recently and that trickled down to local exchanges as well, even in many third world countries there are at least couple of options to choose from to turn your bitcoins to fiat.

It is changing fiat to bitcoin that has been an issue and that is the reason why we dropped from 20 thousand dollars too, not having the ease of fiat to bitcoin at any time.

Bitfinex not being able to allow people to withdraw fiat is fine, people could use another exchange just send their bitcoins from bitfinex to that exchange and the problem is solved, hell they could even do localbitcoin to change as well and that is open to whole world so its quite easy.
7089  Economy / Economics / Re: If you could make any economy/token/currency what would you make? on: May 02, 2019, 04:37:47 PM
I would personally create some sort of mobile app coin, like it doesn't even have to be on computers or it doesn't have to be on anything else, I would create it as proof of stake so that people with most of the amount could get more (would help price go up since people will want to buy more) and since its on apple store and google store it will be on almost all phones and all tablets which would make it easier for companies to accept payments.

You can go to grocery store, you can ride a taxi, you can go to cinema, you can go do anything and pay with your phone because except your wallet phone is one thing we are not leaving at home. Of course, charging is an issue so if your phone runs out of battery that needs a solution, I don't know how but that would create a problem so I don't know how that could be resolved but mobile app payments are really the future here.
7090  Economy / Speculation / Re: Bitcoin is going steadily up, don't you think? on: May 02, 2019, 04:01:56 PM
These steady markets really bringing people back too, I mean most people in bitcoin world during the peak left (okay maybe not most but most who newly joined got back out) so this increase is like another chance for them and I have seen that we have broken the most transactions in a day record top 10 and now we hold like the 8th spot and 10th spot in April of this year so it must mean we are once again seeing a lot of increases as well.

Since we got segwit and now lightning network too the transactions are much cheaper and much faster too so its getting that much easy to get those new people back in. I don't know if that is true, maybe I am totally wrong since I am making this up but I feel like people are coming back to bitcoin after months of pessimistic movements.
7091  Economy / Speculation / Re: Would you be satisfied with steady, gradual rise of BTC price? on: May 02, 2019, 03:36:25 PM
I guess that would be both good and bad accordingly to how you manage to do it. If the price is gradually increasing but so slowly that its insane how slow it is than it would make sense but if its increasing too quickly than where could it land? Like will it be 100 million dollars per bitcoin at some point ? So yeah, gradually increasing is good if its going like 5%-10% a year but anything above that is not sustainable for a long period of time.

The decentralized version of the market that keeps going up and down helps us a bit to actually make the market fair for everyone involved, it is never known what it will do for a long period of time, and that is why its incredibly valuable when it goes up since you might have gotten it before it went down instead and you are lucky it went up.
7092  Economy / Gambling / Re: Casino Affiliate Programs on: May 02, 2019, 02:44:04 PM
You can register as many people as possible with some bot programs so just registering for rewards are never a good idea and never a sustainable thing. You would have to be crazy to pay people for just registering on your website. For example exchanges do that because they do not actually give you money but they give you "trade fee discount" basically where they give out like 5 bucks and than they charge you trading fee on that 5 dollars until it runs out.

What could be the same idea for casinos, give you free rolls every time you register someone ? That is why I think casinos only give out the affiliate amount when your affiliate bets some money, it could never happen and it could be very low amounts but you have to keep looking for affiliates to register and play, in affiliate world you can't just stop getting more affiliates, you have to keep trying forever.
7093  Economy / Gambling / Re: Bitcoin Casinos on: May 02, 2019, 02:13:26 PM
I believe it is the bankless part that really attracted the people. After all you could gamble without bitcoin as well but how would you deposit money into places if its not legal where you live? You would have to find some sort of middleman where you can send the money and they could deposit to your gambling account and so forth. Its not really that easy to achieve and that is why bitcoin became bigger because it solved that problem. You could just buy bitcoins and gamble anywhere you want and it would have no problems at all.

Normally, if you are doing something simple like say buy a banana and want to use bitcoin that may be harder than fiat because in fiat you just give couple bucks and move on however in gambling it was already harder and bitcoin made it easier so of course casinos took bitcoin much faster than grocery stores.
7094  Economy / Scam Accusations / Re: Betcoin.AG fraud on: May 02, 2019, 01:37:26 PM
The issue here is that yes there was a problem with betcoin.ag once upon a time and nobody disputes that but this person complaints about something once happened and not currently happening as of right now.

So, the question becomes how long will we put the casinos in negative until all that is past and now they are true, now if it happened 10 minutes ago we would still assume that is bad, but we had problems dating as far as 3 years ago, would you still condemn a place for what they did 3 years ago and manage to even re-tribute that positively and improved themselves ? Has there been an issue in the past week for example ?

If a place is bad than yeah we would all put negative trust on them but if a place had an issue back in the day but improved themselves and now better we can't keep a grudge for this long.
7095  Economy / Gambling discussion / Re: How much capital I need to be the House on: May 02, 2019, 09:12:05 AM
This depends on so many things that we can't start to actually put a price on a casino. First of all is the creator a developer ?
If he is a developer than we can remove the developer cost, if not we add developer cost. Is the creator a designer ?
If he is we can remove that if not we add that. Is he marketer ? We... well you get the point so there are so many things that goes into building a casino that house actually could have 100's of things that change the price.

Moreover, if the website is purely ready and just the house bankroll is the question that it could be as much or as little as you want since you can just limit the max win as little or as high as you want. If you have low bankroll you allow people to win max 0.1 bitcoin for example, or if you have high bankroll you can make it 10+ it all depends on how big you want to allow people to bet.
7096  Economy / Speculation / Re: Bitfinex massive spread on: May 02, 2019, 08:39:02 AM
Tether literally told that 74% of all their token is backed by "either cash or cash equivalence things" so literally not even %74 backed by cash let alone 1 to 1 ratio they used to promise. Now we don't even know what these things that equal cash are and even if we knew we still don't know how much of that 74% is that and how much of it is really cash. So, would you risk your money on something that is 26%+ not backed by the thing they said it was backed by ?

I doubt that and that is why I honestly believe that the spread happened, people really do not care about tether anymore and they will not risky their money for tether anymore. That resulted with everyone getting away and of course there was a spread when it was done and nobody even tried arbitrage because it was way too risky.
7097  Economy / Economics / Re: Big risk ,big results. on: May 02, 2019, 07:54:24 AM
If you limit your risk and have less risk that will equal to less reward as well. That is the smart way to go but the discussion is if you go out big you either win big or lose big. So yeah if you put less risk you either do not win as much or at least you do not lose as much as well and that is what everyone should do otherwise there is a big chance you are going to lose a lot however that is for people who are smart with their money. If you just put all your money into something huge and risky than you may end up with a lot more amount as well.

It is not common and its definitely not suggested but its at least "possible" and that is how some people become whales as well, they just take the huge risk for a big return and if it hits they become super rich and buy whatever they want.
7098  Economy / Economics / Re: What currency shall human use when colonizing Mars on: May 02, 2019, 06:59:29 AM
You do not understand what mars could be and how fast we are improving on transportation. Obviously it makes no sense to create a community in mars right now considering we can't even send humans right now and even if we can try and succeed it will take a lot of time to settle there and all that. However think about 50+ years from now when transporting someone from earth to mars (or vice versa) will become much cheaper and much easier and mars could be turned into earth like planet where everyone could live with some habitat just like earth.

I know its a dirt planet right now but if they can build some atmosphere and plant trees and all that it will become a regular planet like ours which than will become something quite easy to live on to. Do not think how things are today but think how it can be in the future and mars is a great solution for population problem.
7099  Economy / Trading Discussion / Re: Future of Trading, losers and winners. on: May 01, 2019, 06:16:10 PM
There doesn't need to be any "losers" in trading if everyone plays their card right and if everyone becomes a trading expert then they will use precisely this to increase the bitcoin price constantly. Say you buy bitcoin at 10 dollars, if you sell at 5 dollars you lose but if you sell at 15 you win money right? Well think of the person that bought at 15 and he sells at 20, well he made profit too.

Now, yes you are missing out on potential profits because you could have bought at 10 and sell at 20 but at the same time this way 2 people made profit. This can continue in an infinite circle where whoever buys sells higher and it keeps going higher constantly like that. Do not think that is impossible because its quite possible and that is why inflation is and it can happen here too, just not very quickly, it could take months even year to reach that level.
7100  Economy / Trading Discussion / Re: Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain on: May 01, 2019, 11:57:03 AM
This is basically fight of the pros and cons of both coins actually.

Ethereum itself may "look" slower but the reality is ethereum can hold on so much stuff and can do so much stuff and also still have so much volume that it is totally understandable why it is slower than binance chain.

Moreover, binance has its own exchange as well. So right now it depends on what they are fighting about, if its the spot at marketcap than binance coin will not be as good as ethereum for a long long time but if they are fighting for which chain is better for next ICO/IEO than binance could win that since they decide who will be published and they can pick the best ones and leave the worst ones to ethereum since there is no central organism to control which ones go to ethereum blocks.   
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