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721  Economy / Gambling discussion / Re: Klitschko vs Josua Info and predictions on: May 03, 2017, 12:55:58 PM
Boxing haters will never learn. Boxing will never disappear, it is a legendary sport. UFC is the new fad that needs to prove itself to last as long as boxing did. I think it will, because it has a growing fanbase, but the UFC fanboys that call boxing dead need to wake up and smell the coffee. Boxing champions are making more money than all the UFC fighters combined. The big money is still in boxing for a reason.

I can't wait to see Conor get exposed by Mayweather so they will understand the sweet science of boxing.
722  Bitcoin / Bitcoin Discussion / Re: LN+segwit vs big blocks, levels of centralization. on: May 02, 2017, 10:47:51 PM
Derivatives are useless. Bitcoin has objective usefulness:

There's a difference between having an objective, and realizing it. 

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I don't see how you can put it at the same level of derivatives.

Because crypto is mostly a greater-fool game with a delusional grandiose story behind it that can, at first sight, sound exciting and not entirely improbable (replacing fiat / replacing contracts and law / ...).  Like derivatives, but with a nebulous underlying: "the world's payment system", or "the world's legal contractual basis" or something of a kind, rather than a more economically tangible underlying.  Yes, in principle, crypto could do useful things.  Derivatives too.  They are invented to hedge risk.  But most of the time, they are financial gambler's instruments.  Like crypto.  Yes, you can also use it to pay something if you really insist, or to run a smart contract, or to rent disk space, or to have prediction markets, or to reward blogging or .... But that's not what it is principally used for and traded for.  It is used and traded essentially to buy low and sell high ; to be a fool, and find a greater fool.  Sometimes you win, sometimes you lose.  It are essentially gambler's tokens ; like derivatives.


I never bought into crypto replacing fiat, because that would mean governments no longer exist, and I don't see how that would happen. I also didn't buy replacing contracts and law with code, which is why I think the whole ETH thing is, fascinating yes, but in practice a big bubble.

But BTC? it's as "simple" as being able to store value outside of the system and move it around. Is this vaporware? nope, it already works, has been working for 8+ years and working. How the fuck is this the same as toxic derivatives?

The price goes up and down due supply and demand, the facts remain tho: BTC gives you the unique opportunity to move value around and store it in a way that no other asset will allow you to.
723  Bitcoin / Bitcoin Discussion / Re: LN+segwit vs big blocks, levels of centralization. on: May 02, 2017, 06:26:59 PM
But if you get paid in BTC, you have a bigger incentive to buy with BTC. For example, the small amounts I get from the sig campaign, it's pretty tempting to spend them on small purchases like a videogame. In steam, it's easier to pay with BTC than to pay with the regular credit card purchase. I have to get my credit card out, put the date and pin, get the card of the bank to put the 4 numbers to verify the purchase, and I need to load the credit card if it's not loaded so it takes a bank transfer too. It can be a mess. With BTC is just a click, of course, a click if you don't first have to buy it, then it's just stupid.

Yes.

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To take advantage of BTC, you need to be paid in it, so the circle is closed.

But this is the vicious circle: bitcoin will be handy money, when bitcoin is handy money.  This is a "symmetry breaking" problem, in a way: once you're in one equilibrium (that of fiat), it is essentially impossible to flip to the other equilibrium (that of bitcoin), because there is a huge "mountain of inconvenience to go from one equilibrium to the other one, but on top of that, bitcoin is entirely designed to be deflationary, which is, by itself, a "repulsive" for being used as a currency (you don't want to SPEND something that will grow in value, do you !).

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But anyway, BTC will never be a proper mainstream payment system without segwit and lightning network, until then it's a better gold, and that makes it undervalued.

I don't see it as "gold".  I see it as a financial speculative product, like complicated derivatives, that are too complicated to try to have any fundamental analysis of, and just play greater fool games with.  The stuff the financial world is fond of, and has already cupboards full of it, 10 times the world economy.  The kind of thing that exploded in 2008.  This stuff is not under valued or over valued, as it is a speculator's token.

It is zero at t = 0, it will be 0 at t = t_something, and in the mean time, it goes sky high.


Derivatives are useless. Bitcoin has objective usefulness: to move wealth from A to B across the globe, open 24/7, no borders etc. It has unique features.
The fact that other cryptos exist don't change the fact that bitcoin has the strongest network effect that gives you a peace of mind knowing it will not get delisted the next morning from an exchange, and this will only grow the longer bitcoin is alive.

I don't see how you can put it at the same level of derivatives.
724  Economy / Gambling discussion / Re: McGregor vs Khabib, who would you bet for a win? on: May 02, 2017, 03:42:42 PM
Khabib is in better shape, and if you ask me, I would say Khabib is better fighter, but McGregor will have help from referees so it will not be easy for Khabib. I hope Khabib will win, couse I can't stand McGregor any more
I can understand the fact that you hate Conor Mcgregor and it is difficult to put together a match between Mayweather and my opinion is he should come back and fight as he is wasting his youth and performance by taking a longer break and what i did not understand is that what help does McGregor got from referees,Khabib is one of the biggest test in Conor's career without a doubt,if he could stuff his take down then it will be a different story.

The Mayweather fight is closer than ever. He has the chance of making close to 9 figures in a single goddamn night. What would you do? It's obvious Dana White will never be able to pay him that much. He will probably never make as much money for the rest of his UFC career. Anyone that had the opportunity to share punches with Mayweather for 75 million+ would do it. The guy is like 5'8'' 145 lbs, you aren't risking your life fighting Mike Tyson. Sure, he is a boxing genius and you can get hurt, but you aren't going to die. Conor just needs to stay focused and do his thing. He knows he can't lose. If he loses the fight (which is the likely outcome) hes getting 75+ million and his UFC career remains intact because boxing is not UFC. He can go back with UFC and continue fighting.

If he wins somehow, then it will be the biggest upset ever and he becomes a legend.

Win/win. Mayweather is risking much more.
725  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Real User Case Alts do you HODL for Long? on: May 02, 2017, 01:39:15 PM
The answer if NONE. I learnt my lesson back in 2013 - alts either pump and crash for good, or they go up and down in massive occilations. My advice is that if you have bought an alt and it's in good profit, take those profits.

There's good money to be made in the speculative world of alts. As BTC moons, alts will go really cheap. Sooner or later, BTC will correct, then those alts will go up. Once they go up and you get a good profit, you sell. Result: You end up with more BTC. Now you wait for the next moon, when BTC goes high as fuck again, buy more cheap alts, rinse and repeat.
726  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Real User Case Alts do you HODL for Long? on: May 02, 2017, 12:51:01 PM
Im going to buy some LTC, hoping it gets going down so I can buy more. Reason: segwit enabled, lightning networks, real use case to make fast payment transfers.
POSW: Real use case to stake tons of coins at the same time, and some of those shitcoins sometimes pump so Poswallet will be a good tool for speculation.
ETH: People love to pump it from time to time.
727  Alternate cryptocurrencies / Speculation (Altcoins) / BTC breaks $1400 barrier, altcoins going on the red on: May 01, 2017, 05:13:49 PM
Im looking at poloniex right now and all altcoins are going red. Meanwhile BTC keeps going up. Is this the end of the ongoing altcoin bubble? How high can BTC get? Will this all stop once SEC rejects the ETF approval or this pump goes beyond that?

Anyway, might be a good idea to have some on Poloniex, if LTC goes below 0.01 I will get a good position there again, im not risking to buy above that. BTC may go parabolic to hit something ridiculously high and alts may drop to the floor.
728  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether: not even a scam on: May 01, 2017, 03:50:45 PM
Tether was fine until some exchanges like Kraken hate it. Tether to the moon! I expect a Tether pump soon.

What do you mean by Tether pump ? Doesnt the price stays the same ?

Im not sure if that guy is that dumb or just trolling.


Anyway, im done with so called "digital dollars" that supposedly stay pegged with the dollar. Everything tried thus far has been a failure (anyone remembers nubits?). I wish there was a way to do this so you don't need to get fucked by the taxman if you want to go to fiat temporarily to profit from a bitcoin dip, but all those "cryptodollar" coins keep crashing eventually.
729  Economy / Gambling discussion / Re: McGregor vs Khabib, who would you bet for a win? on: May 01, 2017, 02:52:51 PM
Would you support Conor McGregor with your money for a win or Khabib Nurmagomedov?

I think this fight will happen, it's unavoidable. Khabib will possibly fight Tony Ferguson before, but he will win Tony im sure of that, will remain undefeated, then McGregor vs Khabib will be the greatest UFC fight ever.

It will probably will happen after Mayweather vs McGregor.

I think I willl put my money on a Khabib win, but im not sure.

I would put money on McGregor to win for sure. At that weight he's pretty much unbeatable & think he'd destroy Khabib.

KO within 3 rounds.

Well depends on the weight. If  Khabib decided to start competing at WW instead of Lightweight due to it being a far less strainful weight cut, then Conor would have to go up as well. Khabib is a bigger dude so Conor would have the advantage of on LW. At 170 LBS Conor gets destroyed imo.
730  Economy / Gambling discussion / Re: Klitschko vs Josua Info and predictions on: May 01, 2017, 02:05:12 PM
I don't even know why Vladimir klitschko decided to make this fight in the first place, he's past his prime and if I was him I  wouldn't let boxing retire me. Round 11 humiliation is worse than round one or two where you can blame on something technical but this proves he can't withstand Joshua any day and he's better off hanging those gloves.

I saw the fight last night and this was far from humiliating. Wladimir Klitschko fought really good and showed he can take damage and recover. It was a really close fight but finally the younger fighter won.

I would like to see a rematch, but I think Joshua is going to get destroyed by Tyson Fury if he gets in shape.
731  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What coins that HAVENT already been pumped to death are worth a look? on: May 01, 2017, 01:37:28 PM
PoSW, iEx.ec, STRAT maybe could go higher... I don't know. Some of those will pump to $1+ dollar, it's just a matter of holding the right bag at the right time and you make some crazy gains. Just don't get caught in the dump.
732  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Predictions on the next PIVX, POSW, INSANE, etc on: April 30, 2017, 05:52:37 PM
PIVX and INSANE are too pumped. POSW only had his first pump and now has corrected 50%, still at $0.1 ish so there's plenty of way up.

PIVX is past $1+ and will not go lower than $1 I think.

I have no idea what INSANE is, i'll look it out.

Overall POSW good gamble to see if it goes $1 within the next few months.

Get some PIVX too in case it hits $5.
733  Economy / Gambling discussion / Re: Klitschko vs Josua Info and predictions on: April 30, 2017, 05:13:18 PM
Damn I can't believe I missed this one. Anyone made some money with this? I was going to bet on an AJ win, apparently Klitschko got KO'd. Next fight is Tyson Fury vs AJ for sure. I wonder if Wladimir is now retiring? after this he is not going to get a rematch with Tyson.

Im going to watch the fight and see how that KO went.
734  Alternate cryptocurrencies / Speculation (Altcoins) / Re: PoSW may be the rare opportunity to get rich by entering early on a coin on: April 30, 2017, 04:11:30 PM
There are some rumors of this entering Bittrrex/Poloniex eventually. There's the argument that they will not add it because it's competing against their service. I think it's bulllshit. Poswallet's service is to stake tons of coins at the same time, taking the same risk as you take by having opened positions in an exchange. Poswallet's exchange is irrelevant and doesn't pose a risk for bigger exchanges. Bigger exchanges will find an incentive to add POSW to profit from fees from the increased volume and that's all they care about. People aren't going to stop trading in those exchanges to trade in Poswallet's exchange.

So yeah pick some of this thing and pray to saint satoshi. Just like a penny stock investment. Whale pump groups love to pump sub dollar coins with similar coin supplies to this one, it will eventually get an epic pump, it may be tomorrow or 1 year from now tho.
735  Economy / Gambling discussion / Re: McGregor vs Khabib, who would you bet for a win? on: April 30, 2017, 03:26:23 PM
Would you support Conor McGregor with your money for a win or Khabib Nurmagomedov?

I think this fight will happen, it's unavoidable. Khabib will possibly fight Tony Ferguson before, but he will win Tony im sure of that, will remain undefeated, then McGregor vs Khabib will be the greatest UFC fight ever.

It will probably will happen after Mayweather vs McGregor.

I think I willl put my money on a Khabib win, but im not sure.

All my future bets will depend on the odds provided by sportsbook. If there is worth to shot to whom ever it will landed, then that's the time I will consider my picks. No way I will just support my favorites without expecting a decent return. They didn't know me after all lol.

About the Money Mayweather and Notorious McGregor, although there are negotiations and the progress is clear, I never think this will happen. If does, it's all about money that's why I considered promotions ande hypes today as part of their advertisement.

It will happen (the Floyd Mayweather vs Conor McGregor one). Actually I think as of right now there's higher chances to see the Floyd vs Conor boxing match than the Khabib vs Conor MMA one, simply because whatever the outcome is for Conor, he will make so much money that I think he will become complacent and will simply retire. Why should he risk it with Khabib? honestly Khabib can fuck him up real badly if he goes to the ground. Conor can KO him no doubt, but Khabib is too good in the ground and can break his arm or something.
736  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How much will LTC correct? on: April 30, 2017, 01:48:22 PM
My stop loss just saved my ass so I didn't lose any money, but I didn't sell any, so I didn't make any profit on this ride. My stop loss was set at 0.0105, went to sleep hopping it wouldn't go this low but it just fucking did. Is this a return to mean in order to continue a smooth growth? whales accumulating for 2 weeks before segwit is actually functional? we will keep stagnating until we see actual features being added and BTC continuing struggling to scale to cater for micro transactions?

I don't want to get in now and find out it's at sub 0.01 tomorrow. I know it will go up in the long term but I don't want to see it stagnate until it finds a bottom.
If BTC drops, LTC will surely drop even more. It's not a great idea to get into LTC at this point considering the high price.

Well, BTC usually drops when there are risks of hard fork, or other scenarios such as drama about the blocksize, fees and so on. LTC has no drama, it's just chilling on it's own, with freshly locked in segwit.

Now the question is, will this countdown have an impact on renewed hype for the next 2 weeks?

http://litecoinblockhalf.com/segwit.php

Buy now and sell on activation? or nobody will give a fuck about this?

Accumulation with some possibility to buy cheaper. After Segwit there will be a lot of news, that will drive price up. It rests while XRP, ETH, ETC etc. getting hype and pump.

The real question here is if we will test below 0.01 again or we will get another leg up after this triangle formation is over. And let's not forget technical analysis gets destroyed by single tweets, but right now we have segwit on lock_in so at least we aren't prone to miners trolling anymore, that gives me a peace of mind to re-enter LTC again.

I want to take a strong position so im just waiting to see if I can enter a bit cheaper. I just can't fucking believe I nailed the bottom with my stop loss and now I have to re-enter again at a higher price.
737  Alternate cryptocurrencies / Altcoin Discussion / Re: have you ever held a stupidly high percentage of a coin's total supply? on: April 29, 2017, 04:34:00 PM
the only people who can answer "YES" to this question are either the coin creators who premine the shit out of their coin and hold like 90% of the supply or the whales who are manipulating the price and hold a large portion of the coins, mostly the shitcoins at higher than 50% percentages. and none of them will even answer and reveal themselves!

the rest of us small traders who you can find on bitcointalk are never stupid enough to go that big in an altcoin that is going to cost us a lot.
and besides i believe that if you can buy a large portion of a coin's supply that means that coin is not really worth investing in! price goes up when they have a good distribution and a good adoption.

You never know when a coin is going to get pumped into ridiculous volumes by whale groups, so those that are holding coins since the beginning are able to cash out slowly over the next weeks, even if peak is already lost, the price will be much higher than baseline due organic growth after attracting new investors, so you are able to cash out slowly without crashing the market.

I've never been a whale, I would like to tho. Im sure the people that bought PIVX worth cents are now celebrating. That POSW coin seems like a decent gamble to try to do that, they got their own exchange so worst case scenario you'll still have that place to exchange the coins (no risk of total banishment due delisted everywhere)

Just hold the damn right coin and get rich, we all dream about that.

Hopefully a strong new project can make us rich, until then it's all a gamble.
738  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How much will LTC correct? on: April 29, 2017, 03:59:04 PM
My stop loss just saved my ass so I didn't lose any money, but I didn't sell any, so I didn't make any profit on this ride. My stop loss was set at 0.0105, went to sleep hopping it wouldn't go this low but it just fucking did. Is this a return to mean in order to continue a smooth growth? whales accumulating for 2 weeks before segwit is actually functional? we will keep stagnating until we see actual features being added and BTC continuing struggling to scale to cater for micro transactions?

I don't want to get in now and find out it's at sub 0.01 tomorrow. I know it will go up in the long term but I don't want to see it stagnate until it finds a bottom.
If BTC drops, LTC will surely drop even more. It's not a great idea to get into LTC at this point considering the high price.

Well, BTC usually drops when there are risks of hard fork, or other scenarios such as drama about the blocksize, fees and so on. LTC has no drama, it's just chilling on it's own, with freshly locked in segwit.

Now the question is, will this countdown have an impact on renewed hype for the next 2 weeks?

http://litecoinblockhalf.com/segwit.php

Buy now and sell on activation? or nobody will give a fuck about this?
739  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins with "Lightning Network" support on: April 29, 2017, 03:34:42 PM
Your mistake is only asking what coins will support Lightning Network and not asking what coins have segwit and will get LN support because that is the thing. You need segwit enabled to profit from the features of LN at its fullest.

In this sense, LTC is the coin that is best positioned.
740  Economy / Gambling discussion / Re: McGregor vs Khabib, who would you bet for a win? on: April 29, 2017, 02:24:00 PM
It depends if the odds are one sided like 75-25 i'll probably go with the underdog/khabib here or just go with the under total rounds for this match. I don't know much about ufc but I sometimes bet on them mostly underdogs just for fun. About mcgregor vs mayweather I don't think it's happening if it does it'll probably take more time.

I think Khabib will be the Underdog. Conor McGregor has never been the underdog for years. It will probably be more even than recent matches, but no way Khabib isn't the undergod, Conor McGregor is the biggest name in the UFC.

The only way Conor McGregor can be the underdog is in the Mayweather fight. I think people betting a win for McGregor on that night will become rich if he somehow wins.
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