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781  Economy / Trading Discussion / Re: 95% OF YOU Will Fail Trading: Learn how to overcome this stat on: March 13, 2019, 08:02:09 AM
If everything was so simple then that 95 % of traders were not losing money. Those advices will just help you to minimize your loses. It doesn't mean that following this tips will make you a profitable trader.
There always will be about 90% of traders that are losing money. Without them the price chart would look like a horizontal line.
782  Other / Politics & Society / Re: Putin's hand at the White House on: March 13, 2019, 07:51:41 AM
I remember the hysteria of Democrats during the previous US elections where they were claiming that Trump is a Russian spy and he is totally controlled by Putin.
Now when the time is coming to the next elections we gonna see more of such news. Just wait and you will see in newspapers that Trump is a Putin's android or even Putin by himself with tons of make-up (and the real Trump is held somewhere in the basement of the white house).
783  Other / Politics & Society / Re: Is Macron's tour of Africa too late? on: March 13, 2019, 07:19:30 AM
Both France and China are willing to use African natural resources. It will not cause any development of African countries. Then why should we care about France here? Situation from Chinese point of view is more interesting.

And answering the main question of the thread:

Quote
Is Macron's tour of Africa too late?

No, he is always welcome in Marseille and many other French cities.
784  Economy / Economics / Re: Bitcoin has no practical use and could be damaging to the economy! on: March 13, 2019, 06:56:00 AM
One was able to pay hospitalization, the other have been able to buy for him a house and lot, others have been able to buy a car to get to his job early, and so many other things.. See how people even made bitcoin atms and for just a simple reasoning bitcoin becomes useless and damaging? I think this guy has to wake up...
What features of Bitcoin allowed those people to buy a house? Maybe blockchain? Fiat money are so centralized that people refuse to sell property in exchange for it?
The answer is simple: some people just got lucky and became wealthier because they earned some BTC by doing some simple online stuff (it is mostly about India). Money gave then an opportunity to buy a house and not a bitcoin by itself.

Even with the efforts done by the inventor Satoshi Nakamoto and the people who supported bitcoin around the world, still these guy from EY says there was no practical use for it and the deflationary model can only give damage to the global economy.
I would be very glad if some Indian genius will show how deflationary economy will work.
BTC is not dangerous for the global economy just because it will not play an important role in monetary supply of any country.
785  Other / Politics & Society / Re: The death of cash on: March 11, 2019, 02:03:23 PM
If some government issue its own cryptocurrency on blockchain then it might be considered as electronic cash but I don't feel like someone will do that. For now BTC also can be counted as a mix of electronic cash and gold but it is still pretty far from being cash.
Governments will have more control over cash flow on its territory and lower costs for emission of new paper money. I don't see anything that should stimulate them to make a new kind of cash.
786  Other / Politics & Society / Re: Countries where you can easily open a bank account and cash out your crypto on: March 11, 2019, 01:37:27 PM
In some EU countries you may be able to open a bank account even if legally you should be at least a tax resident of that country. In come countries banks care about the rules, in other not even within EU. My friends faced with banks in 2 countries:
1. Poland. Account was opened in a single visit to bank. Everything works fine.
2. France. Bank refused in the account opening even when a non-eu person had legal permission to work there. Even general rules there is a real massacre.

The process is different in different countries but imho you can legally cash out your crypto in all countries ofc if you are not trying to do this in North Korea or Iran. So it is easier just to use your local bank unless you are trying to evade taxes. Then you will get caught anyway.
787  Economy / Trading Discussion / Re: You better invest in Bitcoin now not later and here's why (bullish signs) on: March 11, 2019, 01:16:25 PM
I think you should stop using the word "invest", and state that it is speculation. Investing in crypto is the purchase of domain names and site building, or the starting of crypto projects. Just buying coins is speculation.
So if I follow your logic then I can say that people that are buying stocks in order to hold it for several years are not investors but speculators. Which imho is not correct.
Under speculations, people usually understand gaining profit from price fluctuations on a smaller period while investing is gaining profits on longer terms. So hodling BTC can be called investing and if you are going to sell your BTC stock in a few days (or within a day) after purchase that will be speculations.
788  Bitcoin / Bitcoin Discussion / Re: Ernst & Young Launch Tool for Filing Crypto Taxes on: March 11, 2019, 10:01:52 AM
Here is the news link directly from EY website and I am proud to say that I am an alumni of EY and had served them for 4 years in India!

https://www.ey.com/us/en/newsroom/news-releases/news-new-ey-caat-technology-facilitates-cryptocurrency-reporting-and-compliance

The sad part is that, this CAAT tool is only for the institutional clients those who can afford to have a costly consultant like EY. Also if I am not wrong, KPMG is planning to launch a similar tool in coming months. The war for crypto accounting has just got a little more hotter!

Companies from big 4 are working only with companies and the government. I am not surprised that they are not making any tools for private usage. Even if they did all those  things about connections to multiple exchanges sound too complicated for personal users and small businesses. Especially considering that most of private users are not using cryptocurrencies on a daily basis and their annual "crypto volume" is not that big to have a separate tool for that.
789  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM malware on: March 10, 2019, 09:29:37 AM
Why should users even care about that? You are not storing your private keys in any Bitcoin ATM and you are not risking if someone hacks this ATM. All cash inside it belongs to the ATM owner. Even if malware will replace receiving BTC address into the wrong one then your money still have to be ensured. At least this is how it works with traditional ATMs.
790  Bitcoin / Bitcoin Discussion / Re: Bitcoin lightning torch reaches Iran on: March 10, 2019, 08:06:11 AM
The problem is that Iran suffers not because they don't have access to some source of payment to buy some goods from abroad. Even if they buy something with Bitcoin then the seller will immediately get under the US sanctions and probably go to jail. It will not help Iran to avoid international sanctions.
It should work the same way with and without LN. Transaction speed doesn't really matter with international transactions.
791  Bitcoin / Bitcoin Discussion / Re: Shower thought on the state as a Bitcoin holder and government subsidized mining on: March 10, 2019, 07:28:07 AM
First of all the Swiss Government is trusted so much because they have proven their reputation over decades and their business is resilient to any political and military conflicts. Personally, I don't see any reason why they should give up now and loose everything.
Also, nothing tells us that any major country is going to use BTC as a reserve. Why? There is plenty of safer ways to invest money and a government supposed to pick safer ones to be resilient to significant BTC rate changes.
792  Bitcoin / Hardware wallets / Re: New Crypto Hardware Wallet Fits Your Phone’s SIM Card Slot on: March 10, 2019, 07:07:07 AM
It seems like there could be some better way to insert hardware wallet into cell phone. I also got 2-SIM phone but it is not the latest flagman and it doesn't have much memory so I have to use this 2nd slot for SSD card. Considering that I use SSD more often than cryptocurrencies I probably won't use such wallet if I get one.
793  Economy / Speculation / Re: Bitcoin number of transactions all time high?? BEAR MARKET IS GONE! on: March 10, 2019, 07:00:49 AM
The amount of transactions is not really related to the condition of the market and does not show a real demand in bitcoin. As you see, the number of transactions is growing while the bitcoin price remains at the same level. In this situation, the only thing we can get is increased miner fees.
794  Bitcoin / Bitcoin Discussion / Re: Galaxy s10 Blockchain Mode Won't Include Bitcoin? on: March 10, 2019, 06:54:51 AM
This question may sound stupid, but...
Why people even care about the built-in Samsung wallet? Almost every major crypto wallet have apps for android and ios so is that a big problem to install one? IMHO that news are way overhyped.
795  Economy / Trading Discussion / Re: LERN TO TRADE BITCOIN FOR DAY TRADERS on: March 10, 2019, 06:47:47 AM
As it was already mentioned, you better move this thread to trading discussion.
You can check this website, they have some good step-by-step lessons: https://www.babypips.com/learn/forex
This is mostly related to forex but everything related to technical analysis can be related to every kind of charts. No matter if it is forex, crypto or stocks.
796  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Back to the Future story :-> on: March 10, 2019, 06:40:31 AM
Unfortunately, Tesla is too bad (starting from the product and ending with production and management issues) and Elon Musk is a doubtful and overhyped businessman.  While traditional auto concerns are making better cars.

I don't agree with that. I know a few people that do own a tesla, and they are extremely satisfied with their car, and the service they enjoy from the dealer. It's way to expensive for me, but if I had the funds, I would definitely get a Tesla myself.

Tesla is like Bitcoin in terms of people doubting it. I like how open minded and adventurous Elon Musk is. We need more people like him in the world, more people who don't blindly follow that's what's available already, but actually look to improve the world. It might not be perfect, but it's a start, and without these people things would look a whole lot different.

Imagine where we could have been right now if we had more people like Elon Musk a decade or two ago. I have nothing but respect for this legend.
And this is the best feature of Tesla and Elon Musk. They have a huge amount of followers and they are successfully turning their faith into money.
Tesla is not getting revenue for many quarters. They can't organize a decent production because of many different management issues and they don't produce as many cars as they promise for a long time. The company is alive just because they are getting huge money from the government, banks and their huge army of followers via stock emission and pre-payment for cars, or features that were not yet even added into production.  Actually, this is why Tesla stocks are considered as speculative while traditional car makers are starting a production that works fine from the start. I don't know why I should think that Tesla will finally make a decent production and overtake the other car makers.
797  Bitcoin / Bitcoin Discussion / Re: How blockchain is changing social media and the internet on: March 09, 2019, 03:52:20 PM
I don't think blockchain is having any significant impact on the way we share social media content whatsoever. The only significant impact, as far as I can see, has been in the financial sector. I'm open to having my mind changed, but from my current vantage point, only blockchains based on tokens like BTC/ETH/XMR currently matter in the world.
Do really you know what are you saying? just because you can't see it, doesn't mean it isn't there.

Blockchain are already shook the world of Internet and it's just a matter of time until this big social medias migrate their data using it.

Blockchain was only overhyped thru social media. It did not change anything inside social media.
You can see that major social media for the last time are banning everything they can and trying to censor everything that they think can be related to terrorism, hate speech etc.
Everyone is thinking about how to ban "harmful" information and not about the free speech and remaining all content originally unchanged.

The title of the article should be more like How could  Blockchain potentially chance social media and internet. Right now none of those 5 ways presented there seem to be applied in our current world.
Neither of Facebook, Google, Netflix, or any other  big company is using Blockchain so until they are actually going to develop their services based on that, Blockchain cannot do much to the internet.
Most of the centralized platform will surely not support Blockchain but they are designing their things just like it and guess what Blockchain is the key to Web 3.0

No.
798  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Back to the Future story :-> on: March 09, 2019, 03:26:11 PM
1. First of all, it doesn't seem that bitcoin will rise that much. Most people still not willing to use it and probably will never start.
Peoples who are not willing to use it now doesn't mean that they won't use it in the future... let's keep it for the future.
There will always be two kinds of peoples for everything in this world; with a positive mind and with a negative mind.
Currency is not growing just because its users got a positive mind.

The currency still exists because its users got a positive mind. "Positive" is much stronger than the "Negative".... can you see that?
Bitcoin rate is growing because people are buying. There is a lot of HODLers that are not doing anything but having a positive attitude. Unfortunately, the currency rate is not growing just because they are doing nothing, smiling and thinking that they will become rich in a few years.
799  Bitcoin / Bitcoin Discussion / Re: How to calculate the bottom of Bitcoin? on: March 09, 2019, 11:00:28 AM
Will BTC continue to fall? Does it have no bottom? I think BTC has a bottom. How to calculate the bottom of it? I have a little thought about it.
If the price of bitcoin is lower than the mining cost of miners, then the miners are greatly reduced. BTC will be attacked by 51%. It is not accepted for all Bitcoin holders. Especially whales. The mining cost of a miner may be the reserve price of Bitcoin.
The absolute bottom is 0. I'm sure that no one will pay me just to give me his Bitcoins. Everything else is just a combination of sentiment and technical analysis.
Imho mining costs are not the bottom price simply because not BTC sellers on exchanges are miners. Also, ICO investors at some point can realize that they have to fix their loses and sell tokens lower then they got it. The same thing could work with miners.
800  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Back to the Future story :-> on: March 09, 2019, 09:55:10 AM
If you look at a price chart since the first block was mined you’ll see that the exponiental trend is actually upwards, always upwards over time. The price of 1BTC will probably reach six figures in the next 5-10 years, I hope you have a pile of coins otherwise you’re going to be full of regrets.

Unfortunately, it does not guarantee that Bitcoin price will grow that high.
I also have some BTC savings but as I said It is better to be realistic without any blind faith in wealthy future that will come from nothing.

there is no guarantee and there is no faith. they are both extreme sides of the same coin.
what we have is speculation. bitcoin has been performing very well in the past 10 years with a solid adoption growth that has led to a constant growth of it which is partially visible on the price charts and if you ignore the overly excited parts which lead to bubbles and then bubble burst bear market dumps, you can clearly see the solid rise over time which is similar to an exponential rise that is speeding up.
There is a guarantee that deflationary currency (in our case Bitcoin) will never overtake fiat currencies and will never be the main payment method.
This solid rise does not say anything about future Bitcoin adoption and the way of crypto market development in the future. I'm also a crypto lover but lets be frank, the fact that BTC performed good at the past time does not say that we will be able to buy some valuable shit for 45 sat.
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