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7101  Economy / Speculation / Re: China mining decision May 7 on: May 06, 2019, 09:41:04 PM
The biggest point here that could result with something slightly bad for us is the fact that for a few days a lot of hash rate will be gone and until next difficulty adjusting period the transactions will be slower and more expensive, just for a while and nothing big.

After that the difficulty will be readjusted and we will continue like nothing happened and we won't even care about it, as long as price doesn't react to that small changes for a few days then we won't even realize china banned mining at all, literally go as our day like nothing happened without noticing. Considering we have managed to work segwit into the code and now lightning network is used in many places mining isn't even that important right now since people can send/receive money much more easily than what we used to do before those two.
7102  Economy / Speculation / Re: When will we see another Bitcoin 4 week boom such as in 2017? on: May 06, 2019, 09:17:35 PM
I guess we will never see something that quick ever again. It could totally happen if we can break some barriers right away because the resistance is always strongest closer you are so if you can break the first 2-3 resistance in a big whoop then the next resistance is much simpler to break and the next one is even simpler so if you rush going up it is becoming easier and easier.

However, people realized one thing that if you go up that quickly the resistance becomes easy however support becomes non-existing as well which makes price fall much quicker as well. So, instead of going high fastly and then going down fastly as well they go up slow by slow but they do not go down fast anymore which makes us stay at current prices much better and go higher with some support with us.
7103  Economy / Speculation / Re: the increase in the price of bitcoin is getting better. on: May 06, 2019, 07:57:18 PM
we all can see for ourselves at the beginning of 2019 until now the price of bitcoin seems to always experience a good price increase, but if at the end of 2019 the price of bitcoin can reach $ 50000, what do you think?
That is the sad part of telling someone buy bitcoin. You never know what they will think of how it works. Like how in the hell me telling someone to buy bitcoin and that person buying bitcoin and bitcoin dropping in price could help me make money? How could it be somehow my profit? I mean if maybe I sold them bitcoin myself and then had fiat myself while they had bitcoin and the value dropped I would totally understand. However, when they buy from an exchange how could technically I benefit from their loss? I can't.

Moreover, people who have no idea how bitcoin works and then go buy bitcoin because of a suggestion without ever wondering how it all works then blaming you for the loss is really disheartening to see. There is no way to make to look up and learn how it works now.
7104  Economy / Speculation / Re: Another uptrend has shaped up trying to break $5600 again on: May 06, 2019, 05:53:41 PM
I think we have managed to hit second biggest day in bitcoin history as transactions. I couldn't find some sort of top 10 type of deal and I have been checking it on blockchain itself but from what I gather even our peakest of peaks we have been on average 300k or similar, we had one other day that was 490k transactions but right now I see that may the second had 450k which is insanely high if I am seeing it right.

This of course has something to do with ease of transactions now, back in the day it was much more slower and much more expensive to do the same things we can do right now and its easier today but its still a marvel that we have broken those numbers at almost 6 thousand dollars and I can't think of what we will be like next time we reach the 20 thousand dollar levels.
7105  Economy / Gambling / Re: Casino Faucet on: May 05, 2019, 05:53:31 PM
I think if you go into poor enough countries it is quite possible, electricity is not that expensive in some of the third world countries because of the method electricity is produced and honestly in countries like USA it is super high because companies know you have a higher purchasing power so they abuse it, same medicine that costs 0.10 cents in third world country (even less sometimes) may cost 100 dollars in USA (literally seen one myself) because they know USA citizens can afford it.

So, if you are in a third world country with cheap life and literally 100 dollars a month is above living wage you can just keep on grinding it forever to make money and you can be very lucky time to time to actually pull of couple big wins that will set your life straight.
7106  Economy / Gambling discussion / Re: Best sports betting sites on: May 05, 2019, 05:02:38 PM
When Directbet.eu close its doors.I have no other bookies to choose from on where to play.either;

Sportsbet.io
Nitrogensports.eu

Might not best but I do prefer whose been here on the market for number of years.
Check out peeps place and his grading, it is seriously showing all the positives and negatives of all sportsbooks that we know off, if you are looking for a "new" one then there could be some that is unranked in his calculations because he depends on his playing experience in places but also takes into consideration what we say as well so it is literally user ranked so if you want to play in a newer place and peep hasn't ranked it you can play and notify him afterwards about your experience so that he can rank that as well.

To be honest with you without even looking at his ranking you can just safely assume nitrogensports is the best crypto gambling sportsbook, it has super advantages over all other places and has been running for a long time perfectly without any issue.
7107  Economy / Gambling / Re: How to win in Freebitco.in on: May 05, 2019, 04:23:21 PM
If you are playing on freebitcoin to win than you are missing out the idea of what gambling is. Gambling is entertainment, if you want to have fun and enjoy gambling couple of rolls than that is fine but if you are trying to win money and shocked when you lose all your money I am sorry but you have no idea what gambling is.

For example, I just bought 10 tickets for golden ticket thing they are doing right now for the lambo giveaway, I know there is a HUGE chance I don't win but hey at least its fun to think that I may actually get 200 thousand dollars for that 10 tickets, I am not going to be pissed at the fact that I lost when I lose but I am going to be enjoying all the way to that loss anyway. Learn to have fun gambling and not focus on the money so much and you can actually get some fun out of it.
7108  Economy / Economics / Re: Just a friendly reminder.... on: May 05, 2019, 03:51:53 PM
I think the fact is that fiat doesn't have to be backed by anything, it could literally backed by the governments and not the federal reserves. "Federal" reserve is literally a private bank that is getting its power by the government and it doesn't matter which president or which party is in power because they all control the federal reserve the same way and not differently, by using it to empower their nation over other nations regardless of what happens to the citizens of their country.

If one dollar is one dollar and backed by USA government than you can trust it more than you trust gold because believe me if there is one thing usa cares about more than spending trillions on useless wars that is their power over all other countries and they won't let that go for some non backed paper for sure.
7109  Economy / Trading Discussion / Re: Central Banks in the Age of Blockchains on: May 05, 2019, 03:16:43 PM
I think at least IMF is smart to know that they can't be left behind in this war and when there is a chance to send millions of dollars in a minute for just couple dollars it is impossible to not check it out. If these banks and funds spend thousands upon thousands of dollars and have insane amount of paper work to actually do what they have been doing and find a way to actually make it faster and cheaper it would be insane to not look at it.

Think about each country having some sort of crypto currency they all use with IMF, and than IMF helps them out by sending that crypto instead of money and they could cash it out to pay off their debtors which could be recouped by debited countries and payback the IMF, that would literally make this whole months long scenario just doable in a day.
7110  Economy / Trading Discussion / Re: How to receive your salary in Bitcoin? on: May 04, 2019, 11:38:51 AM
My goal is to avoid taxation, which in my country is absurdly abusive.
I doubt it will not be possible unless otherwise you are getting paid in bitcoins from your employer directly. I checked twice that you have not mentioned that which country you are from. Because, people here may get you better solution only from their own experience and for that they might need to know where you are from exactly.

With respect to my country, I believe I cannot hide my bank transactions hence anything hit my bank account must be subject to taxation. But, I am able to convert my bank balances into bitcoins easily (in P2P way).

One simple solution might be (if your country's taxation rules are similar to my country), you may buy bitcoins using bank transfers with multiple sellers and you can claim those transactions as business expenses so that you may not need to pay taxes for some big portion of your fiat salary.
7111  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto integration into existing products and services. on: May 04, 2019, 11:10:10 AM
It is good for existing companies to implement crypto into their existing business model in possible ways, because we already have a lot of companies that have made name for themselves, just imagine facebook adopting cryptos as a means of payment for ad or adding a reward system to their platform via crypto, this way people will believe more in crypto than when a startup just comes up with a new project that haven't been done before, people will still have doubt including you.

Crypto integration would be the fist step whereas final step might be adopting bitcoin as means of payments. Other than payment methods, blockchains are evaluating in all business domains as distributed computing and distributed data handling are being achieved in more reliable and consistent way through blockchain technology.

Crypto integration might turn as a inevitable transformation for business in near future, it seems.
7112  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this really better than Bitcoin? on: May 04, 2019, 08:20:05 AM
Is this really better than Bitcoin?

I just saw this thread of Mayapreferred https://bitcointalk.org/index.php?topic=5126669.0 and this https://www.fatbtc.com/
They are better than Bitcoin? Is it good to invest with them? I want to know if anyone invested already?
What kind of comparison is this, you didn't even compare bitcoin with ethereum that is a bit closer to getting to btc in market volume, and you compare btc with a coin that is not so popular, I have never heard of that coin until now, how sure am I that you are not just shilling the project and you are part of the persons who developed that coin, as long as keep seeing btc attached to the name of this coins, I will never take them serious because I see it as just an act to make money for themselves and have no reason whatsoever to create a working project around the bitcoin network.

That Maya Preferred coin is announcing that they are having bitcoin and litecoin as back up but usually we do not ask for any back up but a working concept or real life product. But, these are all none of context here as there would be no enough reasons to compare that shit things with bitcoins imho too.
7113  Economy / Gambling discussion / Re: Which gambling sites offers investment on: May 04, 2019, 07:30:27 AM
While we are talking about "investments" do you think casinos who do not accept investments use your deposit as a "free capital" for a while, I know they can't do it for a long time but how many people actually deposit and withdraw all the time, there must be some amount that is barely ever touched considering while someone withdraws others deposit so there is always money in the casino.

They have the advantage of house edge so maybe some of them do lose a lot of money on some whales but pay that whale back with the amount they actually don't have themselves but use the deposited amount of the gamblers and hope that they will not withdraw until someone loses the same amount as well and just fill that bucket up with new deposits and losses until they are at break even once again ? I know it sounds like ponzi but they are still winning 1% all wagered on average so they could actually pull it off.
7114  Economy / Gambling / Re: BLOCKCHAIN. The Future of Online Casinos? ✅ on: May 03, 2019, 07:49:10 PM
The ease of building crypto casinos do help with the future of all online games as well. People are having trouble depositing and withdrawing from gambling places all the time in fiat world and because of the laws and banks and all other problems they have to really work hard to put their money in games and take the money out since it would create insane amount of legal problems, whereas you can start a crypto casino today, I am not kidding there are scripts everywhere and that place would allow you to play any game you wish and all gamblers would have to do is send their money to a bitcoin exchange and than if they win more withdraw their bitcoin in fiat form from that exchange.

It is just simply impossible for bitcoin gambling not take over all of online gambling one day.
7115  Economy / Speculation / Re: How do you see cryptocurrency 10 years from now? on: May 03, 2019, 07:16:32 PM
I have seen a commercial yesterday that showed that if you use your banks app you can actually pay anything via QR code on the POS machine which means instead of carrying your credit card or debit card with you all you have to carry is your phone which we already carry anyway.

Now that really changed my perspective on bitcoin as well, if we have that technology for banks today why not have the same thing for bitcoins as well, there was just few exchanges for bitcoin at first but almost all countries have their own exchanges today, so if someone actually makes an app that pays with bitcoin thanks to QR code thing and the receiver gets fiat to their bank account than that app will be SUPER hyped and everyone will start to use it everywhere which will make adoption super fast and all other countries will see how that was done and replicate it as well.
7116  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.
7117  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.
7118  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.
7119  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 .
7120  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.
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