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7101  Other / Beginners & Help / Re: Blockchain and Social Media on: November 04, 2019, 05:45:21 PM
If this is like steemit but a better version with a lot of actual content and striking conversations then sign me up. Steemit used to be a good platform to share ideas and thoughts about almost anything until the content posted are half-thought and doesn’t make you think twice anymore. Many social media platforms focused on blockchain and crypto have come and go, and I don’t think someone has had the actual formula to make it work like a charm just yet.

Sign me up, mainly for the memes and discussions lol.
7102  Local / Pamilihan / Re: Usapang Security: Tignan kung compromised ang email niyo on: November 04, 2019, 05:17:09 PM
Sa generic kong email at semi-generic password for years, wala pa ni isa ang na-pwned based dyan sa website na ginagamit niyo pangcheck. The key is to never enter your emails on websites and services na hindi niyo naman gagamitin ng matagalan o pang trial lang. Gawa kayo ng email na disposable then move on after you get what you want. Personal emails should be prized, and dapat laging may second layer of security para dito, say 2FA and what not. Extra seconds man sa pagbukas ng email, added protection at safeguard na rin sa accounts natin ito.
7103  Bitcoin / Bitcoin Discussion / Re: What makes you trust bitcoin related services? on: November 04, 2019, 04:33:33 PM
It varies depending on what type of service do they offer. For casinos, must have is the provability of the fairness of their games and their withdrawal/deposit system. Customer support is a factor too, and if they failed on this side of the service, usually it makes me want to go turn my back and just forget that they exist. Same for all the other services. If they failed on customer relations, they might as well fail on other aspects because they don’t listen to the customers’ concerns and would likely not want to change or improve what’s weong on their service.
7104  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin disappear? on: November 04, 2019, 04:05:14 PM
No matter how many times the governments try to invade bitcoin, they can only try and control the third-party services and providers but never bitcoin itself. Sure they can cripple the industry by sending out unfair and unjust regulations from across the board, but ultimately the choice of the masses will prevail and we’ll see the effects of restricting access to bitcoin once we’re there. Valuation would only improve more and more and the governments would fail to stop bitcoin since underground economies would still exist and would surely flourish.
7105  Bitcoin / Bitcoin Discussion / Re: How does the adoption of China affects the crypto market and blockchain industry on: November 04, 2019, 03:34:54 PM
Not that I’m saying that these projects would be highly political but it seems that everything would be as is described here and given that Xi Jinping also expressed that ‘they’ which, I assume would be the communist party, would be taking care of approving the projects and whatnot. The blockchain development in China might be a cut-throat competition due to the strictness of everything but the effects would be massive IMO as soon as projects start rolling in—price wise and adoption wise.
7106  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Solve Chinese Banking, Household Debt Woes? on: November 04, 2019, 02:18:53 AM
China’s debt spiraling out of control could not be helped by bitcoin IMO, as they want to continue battling USD for the prime spot on world markets as the global currency. And again, bitcoin is not a savior of currencies and distressed economies. It just so happened that its properties are somewhat aligned or complementing some of the socio-economic problems of the world that’s why some see it as a makeshift solution to their problems.
7107  Economy / Economics / Re: Bitcoin Whales Are Selling BTC Before Market Crash: Peter Schiff on: November 03, 2019, 06:52:43 PM
While the dude may have differing opinions on bitcoin from the rest of us, he's actually talking some sense when he said that bitcoin whales are selling off firstly before everyone else noticed. Usually the whales are the market movers, and tend to do the first move before everyone else follows suit. It's a rather crude observation but he's correct and there's nothing wrong with it, although the difference is he tends to end at that notion without giving out some positive credit to the crypto market.

Manipulation is rampant in bitcoin, and if you deny it wholeheartedly and only applaud the gains and not the losses, then you're clearly deluded.
7108  Bitcoin / Bitcoin Discussion / Re: How Did China Dominate Bitcoin? on: November 03, 2019, 06:12:17 PM
We know how business-oriented the Chinese are, and when it comes to capitalizing on things they knew they have a huge advantage at, they do it extremely well and improve whatever it is that needs improving. They might not be the masters of being original nor craftsmanship and whatnot, but they know so well how to make things profitable for them, and that's why they rushed into the creation of their own miners and established huge farms that will outgrow and outnumber those of the West. They aren't the ones who made mining this big, but they competed against the likes of Avalon and other names on the West until they took over the whole mining scene with a blast.
7109  Bitcoin / Bitcoin Discussion / Re: Another day, another Faketoshi on: November 03, 2019, 05:58:39 PM
They don't earn from something when they say that they are Satoshi though they still keep on pushing their agenda like crazy. Well some people might believe what they're saying, especially the gullible ones but the backfire of what they're doing is ridiculously greater than the rewards they might be reaping currently. I'm not at all worried that these guys are making a clown of themselves as long as they're doing it at the expense of no one, I'm fine with it.
7110  Economy / Economics / Re: Anyone else remember this? on: November 03, 2019, 05:18:11 PM
now it is delisted from the DJIA index
GE got delisted from the Dow?  Wow, I wasn't aware of that and I'm not kidding.  They've been on that index forever, though I had read they were having some problems and were selling off some divisions.

Has been for quite some time now, and yeah, the notion that everything is "too big to fall" certainly is negated by the likes of GE being de-listed from the Dow.

--

The general attitude of the young ones today when it comes to work is that they want more freedom of time in their hands all the while getting that dollar on their pockets, that's why the gig economy together with freelancing has been flourishing for almost a decade now. Not that no one really wants to work on a rank-and-file position anymore, it's just that it's too constricting on the creativity and freedom the young lads believe that they should have in working.

That's why tons of multi-billion companies are now employing the aid of robots and automated machineries on their production line, with the clerical position also being replaced with automated processes. The human ingenuity cannot be replaced by machines that are programmed though, that's why some of these companies simply crumble since they lack the innovation from true people working for them.
7111  Local / Pilipinas / Re: [Tanong] Technical Analysis on: November 03, 2019, 04:21:41 PM
Bago ko naisipang i-take ang post-graduate degree ko e full-time trader ako, hindi nga lang ng bitcoin solely kundi pati na rin altcoins last 2016-2017. Ang sakin lang eh nalaman kong best time to trade talaga ang Western time dahil mas mabilis ang turnaround ng positions at mas mataas din ang liquidity kumpara sa time natin dito sa East. Also, naging habit na rin ang pagtingin ng kung anong nasa news at pag-skip ng ilang araw para mag-trade lalo na't wala namang price action ang nangyayari at magfofocus sa ibang bagay na kailangan ng pansin ko. Hindi naman dapat araw-araw kang mag-trade; check mo muna kung optimal ang conditions ng market at i-assess kung magiging mataas ba ang volatility o hindi tsaka ka magdesisyon kung tutuloy o hindi sa pagte-trade.
7112  Economy / Speculation / Re: One more dump before halving? on: November 03, 2019, 03:35:15 PM
A lot of scenarios are actually possible pre-halving, and having a huge dump before it materializes is one of them. We've seen it happen a lot of times, only for the price to climb back up after the exact event happened. This happens so as to make way for deep pockets to have an immense amount of profit at the end of the hype, and if you are a regular trader who appears to not know what's happening or read something between the lines, you might be missing out a huge payday weeks after the halving concluded.
7113  Other / Beginners & Help / Re: Faked-account of Electrum. Look to learn & to be more careful on: November 03, 2019, 03:01:10 PM
Good thing that the mods are swift enough to nuke such names and impostors very easily, else newbies might get distracted and victimized by the said account. Just a public disclaimer, Electrum doesn't have any wallet support or any representative here in this forum nor do they plan in deploying such any time soon. Also, all info that one needs to know about the wallet is already posted on their site, therefore all people that downloaded  their wallet only need to read what's in it and they're done.
7114  Bitcoin / Bitcoin Discussion / Re: More Debt, Buy Bitcoin on: November 03, 2019, 11:00:37 AM
That's why most banks have halted or prohibited people from buying bitcoin using credit cards because they know that it'll only add to the problems that they have created themselves together with the governments. While I believe that it's high time that we deviate from using dollars and at the least stock up on some important assets, we do know that banks losing money in their vaults would mean lots and lots of troubles than we already have, so we're kinda in a stalemate situation wherein we're just waiting for the implosion and would just try to pick ourselves from the dirt after all is said and done. That debt isn't going to clear itself; there has to be a catalyst before it's wiped clean on the slate.
7115  Bitcoin / Bitcoin Discussion / Re: What are the advantages and disadvantages of BTC/LN and BSV? on: November 03, 2019, 10:17:27 AM
Hello, I'm new here. And I want to learn more about bitcoins, so I have some questions.

1: What are the advantages and disadvantages of BTC/LN and BSV?

2: Do you think BTC/LN and BSV can both survive in the long run, or only one can survive or none of them?

3: What is the goal of BTC in the long future?

4: Is massive adoption a goal for BTC in the long future?

Thanks


1. Advantages of LN is purely the fast transactions. Disadvantage? The whole thing being off-chain which tends to add some costs up in the long run. BSV, well, it's its own altcoin and I don't think I know it so well to discuss the pros and cons.

2. BTC/LN will probably get a chance to have its say on the whole bitcoin economy while BSV will just get pumped and dumped every now and then without much use-case.

3. Providing cost-effective and fast transactions, together with giving the masses a chance to be their own banks, of course. Always has, always will be--though of course there are some people who deviated from this thought and have used bitcoin as a primary source of income, but that's their individual goal.

4. Yes. Just imagine the applications it might see.
7116  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Big money moving in next year, means greater demand for DEX projects? on: November 02, 2019, 09:17:29 PM
DEX markets seem to be quite the hype right now, as opposed to what everyone is going for: centralization, legalization to the governments and whatnot. The idea of privacy has yet again been alive due to the multitude of issues surrounding it, and it's high time for devs to invent or to revive the idea without being too obvious that they're just in it for the money. Just like any other hyped-up ideas, the DEX altcoin markets will just die off in vain, as governments would surely be chasing over its legality and of course, whether they can maintain their volumes and the hype surrounding them or not.
7117  Economy / Speculation / Re: Bitcoin price would touch $16K soon- By Binance CEO Changpeng Zhao on: November 02, 2019, 06:56:35 PM
He's not wrong actually! Tom Lee of Fundstrat has been doing it for ages, predicting that bitcoin will be worth X in Y amount of years, but then only a few of it ever became true. It's easy to predict, it's hard for your predictions to ring true unless you're some sort of Nostradamus-apprentice. You don't need fancy graphs, deep knowledge in market movements, market sentiments and all of those traditional trading indicators and shizz they feed you on StockEx and Forex 101 if you're just going to predict the price.

$16k is doable. Heck, we bounced back from $3k to $10k in a year.
7118  Economy / Trading Discussion / Re: Crypto volatile again, Whats stopping you from trying Options Trading? on: November 02, 2019, 06:42:21 PM
Options trading is trading on the bare bones, which gives you less freedom on your positions and also where would you place yourself in the market. It is designed for noobs to at least get a taste of what it's like to participate in the real market. Now I'm not discrediting anyone who's making money off of it, it's just that it doesn't even let you get the skill to really trade on highly-volatile markets. Even if you get the greens for weeks, it doesn't mean that you're really good at it, it's just that your decisions happen to be on the right side of the guessing board.

I'd still pick the traditional trading methods over options trading any day.
7119  Economy / Economics / Re: China is able to do 50%+1% attack. It means, China dominating the crypto's. Or? on: November 02, 2019, 06:21:09 PM
One country might be able to get all the hashing power but that doesn't necessarily equate to them being one collective entity. Most Chinese businessmen would still think of profits over any other things any day, though some of them might even submit to the orders of the higher echelons but for the most part, the former becomes true. Sure, they have the most hashing power, but still the tech is way too crude to perform harsh attacks that could disintegrate bitcoin at its core.
7120  Local / Pamilihan / Re: (HYIP) LASON sa imahe ng Crypto on: November 02, 2019, 05:51:25 PM
Talaga namang lason ang mga investment scheme na ito sapagkat ito ang nagiging dahilan ng pag-iisip ng karamihan na ang cryptocurrencies ay isang avenue upang makakuha ng mabilis at madaling pera, ngunit ang totoo ay hindi. Napakaraming risks ang involved sa pag-investment sa lehitimong paraan at 'di hamak na mas marami rin ang kaakibat ng mga gantong klase ng scam schemes. Yung mga nauuna lamang ang may nahihita; yung mga nahuhuli ay wala at kadalasang naiiwanang luhaan. Madali lang naman makaspot ng red flags sa isang investment scheme, at naibigay na naman karamihan ng mga ito dito sa mismong thread kung kaya't nasa sa inyo kung isusugal niyo o hindi.
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