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7361  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: July 20, 2019, 02:43:12 PM
Banning Bitcoin all around the world would be a terrible turn for free speech and choice, just general freedom of citizens.  I hope we never take this turn and I do doubt it for more then a country or so.   A ban on Bitcoin has been an ironic positive indicator seems like, didnt I read China is now allowing it.  I dont know what to believe but people are more important then politics, always Iam certain of this.   Its important Bitcoin is useful to ordinary normal people.

https://i.imgur.com/uCeecod.png
I noticed this offer on the site, just after I deposited like .025 BTC.    If someone wants to lend me .05 BTC so I can get a free ticket and obviously the universe wants me to win this Lambo.  I guess it has to be a deposit of this size not multiple cumulative
7362  Economy / Speculation / Re: Do you like to see Bitcoin prize stable between 10K-20K? on: July 20, 2019, 06:49:41 AM
Stability is a bonus for usage and encourages greater populations of users.   We should all appreciate a steady price around long term average nothing too erratic and scary for people
   For the long term if you ask me is 10k BTC amazing, I'm saying its bonkers good anywhere near here.   People worry too much about the small detail when its the broad brushstrokes that count.



Price looks to appreciate to 11,000 over the weekend, I believe Sat and Sunday has a unique kind of light to them that will allow this more easily then during the week.    We might resume below 10k come monday and the week itself with more mainstream news and volume mixed in.   On this chart to be seriously positive we need to close about $11,200 on a 4hr bar to prove something more positive ongoing.
7363  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: July 20, 2019, 06:32:48 AM
I wish Senna had retired and somehow found justification for it.    Theres no dishonour is walking away at your own choosing, I just think some cannot retire no matter what as they need the experience and it is ingrained within who they are.   I salute anyone who makes the best decision for their long term.
7364  Economy / Gambling discussion / Re: Thoughts on Video game gambling addiction? on: July 20, 2019, 04:02:52 AM
Quote
That loot box makes the game more interesting,

The loot boxes contain in game items, its really optional every time I see it and even if you do require it or feel like you do for aesthetics then the best bet is to buy it directly from a players market I think thats possible.   Effectively it is expensive and equates to DLC I think.
   You have to consider at what point do we legislate the idea of free choice, people can play the basic game just fine and be at zero disadvantage vs those who open loot boxes.   I dont believe in banning them but perhaps a better limit on amount opened would be best.
7365  Other / Meta / Re: 278 profiles merited (by me) in 30 minutes – What’s got over me? (v 2.0) on: July 20, 2019, 12:05:11 AM
I go the opposite way, I only award say 5 or more if its a coder or someone who works behind the scenes but isnt a big forum poster.   Anyone who is regularly posting should be fine with say 1 or 2 merit as they have a multitude of posts to gain attention and be awarded merit.   Also its just necessity, I dont want to run to absolute zero merits really/
   Merit system is naturally deflationary imo.
7366  Economy / Speculation / Re: What the Effing Hell is Going On!?!?! on: July 19, 2019, 08:39:55 AM
then we should be aiming at $140k or above.

I just cant believe that, not without a world entirely different from now.   Sorry I'm a cynic and I'd never tell someone they are absolutely wrong in such an estimate but I dont see it that easily.

exstasie I concur, its trying to break out right now.    Very hard to decide but I opt short with with stop loss not far above from here.   Of course the market wants to hunt these stop losses and it just burst upwards and then quickly came right back



Close on the 4hr bar below $10,400

7367  Economy / Speculation / Re: BTC - Pump or Dump on: July 19, 2019, 08:36:22 AM
The title is incorrect, same as the nonsense about ponzi schemes.  Bitcoin has a utility, maybe not so much to a millionaire but to a world of common people the little bits are all they have and if Bitcoin has a purpose for them it has a standing and demand at many prices that are not just speculation.


7368  Economy / Services / Re: [OPEN]LiveCoin.Net Signature Campaign | Hero/Legendary Members | Weekly Payments on: July 19, 2019, 06:58:12 AM
Btctalk name: STT
Btctalk URL: https://bitcointalk.org/index.php?action=profile;u=124876
Rank: Legendary
Current post count: 4797
BTC Address : bc1qae0squck4ztnsym04zts6q9dsvfshynjj9hlzn
Merit : 1133

I sent a PM earlier to clarify something
7369  Economy / Economics / Re: Reminder: Goldbugs are a joke on: July 19, 2019, 06:52:21 AM
Quote
Bitcoiners consider gold to be shit and a horrible asset overall, while gold bugs refer to Bitcoin in the exact same way. I don't see anything wrong with it.

Both camps are emotionally connected to their investments.

I dont like gold but I do own some because its I think its necessary, now and in the future certainly it will be part of currency used globally.    Its not emotional for me really, chemically its unique and its justified on a few different perspectives.

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blockchain technology that allows people to gain the full monetary benefits of gold on a digital platform
I cant agree, they are two different asset types.   Oil is fungible mostly but just about everything that might be a capital asset, used as proxy for money has various pros and cons to it.   Bitcoin is very convenient and far more tradable in tiny bits but its not a replacement for something physical and unique.

Diversity is best, dont own one thing or even one sector.   Owning housing and the land is still a good idea despite various drawbacks and costs to it.   Hopefully we can do all of them at some point, I dont blame people for sticking with only crypto as they have very little and its the most explosive from being so new.  
 Anyone who opposes crypto which encourages involvement, while then recognising the vast majority of the population dont keep proper savings or assets is not a capitalist.

Thermos sets his bug bounties in gold I noticed - https://bitcointalk.org/index.php?topic=309785.0
7370  Economy / Speculation / Re: why Bitcoin sudden dump, when it will bounce again... on: July 19, 2019, 04:35:01 AM

So Facebook is about to ruin crypto  Cry
I'm not exactly going to disagree but a basic principle would be good currency is not diminished by the existence and current power bad currency might have.      Every product has to justify itself, find a way to do so in order to be valid.    Seems like the fight will go on for people to retain actual ownership of their own assets without forfeiting control to central bodies and ultimately debasement.



Price rises well but is on a ceiling with 8 day average.   Seems an ok place to take a stance, observe the direction for significance we find from here.   Close on a 4hr bar is confirmation I want to see if we get past blue line
7371  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What is best PoS coin to invest into right now? on: July 19, 2019, 04:30:34 AM
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It is unique in that all the blockchain databases are stored on their Masternode network of currently over 2100 nodes. This keeps the wallet itself super lightweight and fast as the MN's keep the various chains synced and the wallet just has to connect to the MN's:

I take it the wallet itself remains decentralised while able to still use a multitude of currencies, thats my primary concern with anything engaging like this.   Obviously it looks great, I like the colour scheme even but retaining control of my actual wallet contents is first thing I have to double check.   
7372  Other / Meta / Re: Security bounties on: July 19, 2019, 04:12:44 AM
I will speak to someone next week who does this vulnerability testing professionally.   Maybe he will tip me if he has a trick from work and manages to do anything :p


Is there any plans to increase the bounty awards?
They increase every day so long as the gold price does


Sorry, but what is XAU exactly?
https://www.xe.com/currencycharts/?from=XAU&to=USD&view=10Y

XAG is silver

https://www.xe.com/iso4217.php#X

Is there a particular reason why amounts are in Troy ounces of gold? I know the US is running a risk of default, but I do not see the dollar devaluing so much as to justify using Gold as a "stable" currency.
The forum is internationally based could be one point but mostly I think of Dollar as the pre nixon standard of being fixed to gold hence its always reasonable to offer gold long term especially to an international audience.   If I have no liabilities in dollars then the gold could be preferable, dollars do depreciate over time and this topic is years old.   Honestly everyone should keep a little gold, maybe I'm biased or maybe people forgot +10% interest rates, etc. I havent.
7373  Economy / Gambling discussion / Re: Celebrities you probably don't know were(are) aggressive gamblers on: July 19, 2019, 03:29:49 AM
Doesnt surprise me that much, high stakes is literally the nature of their film themes half time.   They could even argue as an actor that the experience of gambling helps them develop character for roles they might play, hence it should be a tax write off as an expense!

Sports players, again the nature of their job correlates to high stakes instant action and I can see the cross over.   Some in sports are not allowed to gamble because of the issue of conflicting with game results, but casino tables is fine of course.

Look at this guy, you think he dont enjoy a gamble  Cheesy

7374  Economy / Gambling discussion / Re: What's the *easiest* profitable betting strategy? on: July 19, 2019, 03:06:02 AM
Your point with Matched Betting (Bonus Arbitrage) is valid but with my experience in betting over time, I've come to realise that there is no best strategy in betting. If a strategy works cool for you today doesn't mean tomorrow it will be same, its all about luck, although smart work also helps a great deal. 

Eventually the arbitrage will not work with free bonus as the companies withdraw their offers.    If you use it alot they pick up on the sporadic usage of the account and its no longer possible, also many of these offers are for brand new players not so much the people who continually only use offers.
Its tricky with alot of small print to it apparently but nice to start for sure.
7375  Economy / Speculation / Re: why Bitcoin sudden dump, when it will bounce again... on: July 18, 2019, 03:53:25 PM
you can't "fully decentralize" a network where the token is centrally backed with custodied assets. libra is backed by a basket of assets like fiat currencies. what happens if those assets collapse in value? what happens if powerful governments like the USA shut them down or freeze their bank accounts?

not to mention that KYC is required from the get-go for every user. full AML controls. your account can be frozen or transactions reversed because there's only a few dozen validators on a permissioned network. how else do you expect them to comply with the USA nanny state laws? fully decentralized my ass!

I'd give the man a merit if I had any left, Libra is not going to be anywhere close to a proper crypto currency.  It'll be of some interest from its basket of currencies and diverse population, it could even have an effect on wider finance.   I dont think its going to be that important to crypto exactly, maybe in perceptions.

We seem to be a long way from talking about BTC finding a bottom price, Libra is not the reason for BTC price direction.   Surely its not just jumping off headlines.

Quote
Is there is any technical analysis to find?

yea BTC has turned around just here.   The most important factor I can see easily is the 50 day moving average, thats around 10,000.   We keep that and its a positive development vs recent falls.
I'll name some levels to measure its progress in this recovery by



So the blue line is just 2 day average but the yellow line is the 8 day and I count that as far more indicative of a positive phase to BTC pricing medium term.   If we recover $10,800 and confirm above that on a 4hr bar BTC has done well.
On the left of the chart, 11,000 is the previous top and old daily trend now at 11,200 and that would again be another important rung on the ladder to say BTC is stable and likely to keep rising again medium term.
7376  Other / Meta / Re: Do not post off-topic replies on: July 18, 2019, 03:29:01 PM
Its ironic that the post removed is not given any context when stated as deleted usually.    I'm just trying to understand why a little better, so I'll repost here the mistake I made that required moderation and maybe its obvious to someone.   Maybe its someone just hammering report but I doubt its that simple.


The OP thread title is 'Re: What will happen if the all countries convert to cryptocurrency?' and the OP post is:

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?


I responded:
Quote


My reasoning was SDR and the IMF head has discussed use of blockchain as an alternative to national currencies.   Its just talk right now but failure is rarely planned, it could happen.    It would not be proper crypto as its centralised but most people would associate and consider it relevant to the OP topic I thought.   I could have posted a source alongside my post, do I need to do this more to justify my opinions perhaps.

The only national cyptocurrency I've heard of really is Venezuela and its a country under sanctions and press restrictions, I didnt mention it as its an opaque situation sadly.



Another topic I have no context for, I posted and had removed this post and again I'm not sure of the mistake.   I dont care about arguing the point especially but if anyone sees my mistake so I dont repeat it I'd appreciate the detail:
Quote
7377  Economy / Gambling discussion / Re: What importance is kyc In gambling section on: July 17, 2019, 11:55:03 PM
Seems like the wisest route is to preempt a surprise check for documents or whatever by clearing the account to begin with, dont play big money till thats out of the way to avoid the possible freeze of the account.   It would be best if companies themselves suggested or allowed for this option.
   I dont see why its a thing anyway, if the account were funded via card especially then all they have to do is reverse transaction to remove themselves from any responsibility for source, handling of cash from unknowns or laundering legislation.   Its common place in finance to always reverse card transactions back to source, hence the balance in net is a zero transaction and any blame for movement of funds remains with the account holder.
 
7378  Economy / Gambling discussion / Re: You cannot win in gambling on: July 17, 2019, 11:30:08 PM
The only way to win in gambling is if you enjoy the game, simple as that.  You will lose every time if the only reason you play is for money, thats my take.   My ultimate reasoning is your health far out weighs the purely numbers of monetary concerns.   If you gamble enjoy it, relax a little and can walk away from tables with a loss without major regrets just having appreciated the experience and chance of riches then you are good.  
   Obviously if you went and did something like sports it could be argued its a healthier past time, however I'd also be wary jogging in traffic like I see some do or theres always gym fees and costs and a negative to just about any activity.   You can win in gambling just like you can do better in life by finding a reason to enjoy what you are doing, pretty simple take but think I'm right.   Of course a lucky win is nice bonus
7379  Economy / Speculation / Re: why Bitcoin sudden dump, when it will bounce again... on: July 17, 2019, 10:38:29 PM
Quote
Bitcoin facing another bear market suddenly

In Bitcoin terms this is quite a small pullback.  It rose alot and naturally some were only in the price for the fair weather and depart as soon as it looks be more challenging.   Its not really what I would label Bear market just yet.

I'm only especially bearish at this point if we go past 6000 and its not providing support at all.  Thats a long way from here, just profit taking so far.
7380  Economy / Gambling discussion / Re: Top teams predicted to win 2019 Rugby World Cup on: July 17, 2019, 10:28:17 PM
I will say Wales as my home team, I do think they have the determination to improve and knowledge of how to do it.   However I dont believe they will succeed without improving their chances and upsetting their opponents via more successful drop goals.
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