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781  Economy / Gambling discussion / Re: Oscar Awards 2019 Betting on: January 24, 2019, 04:58:05 PM
Didn't know you could place bets on the oscars but this shouldn't of surprised me considering all of the other crazy bets I've seen.  There could easily be corruption with the voting members, this is very different from a sports match because this has a predetermined outcome that may leak.  

On a side note, I'm not a fan of the oscars, they never award comedies and its a crime that Johnny Depp still hasn't won.
782  Economy / Services / Re: [OPEN] BetItAll Signature Campaign | Earn up to 0.0002/Post | Sr./Hero/Legendary on: January 24, 2019, 04:49:20 PM
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783  Economy / Economics / Re: Is government the most influential factor that affects Bitcoin price? on: January 24, 2019, 01:46:38 PM
The government has very little to do with the price movement of bitcoin.  It boils down to whales, exchanges, adoption and hype.   Bitcoin was already able to hit 20k without governments being involved much.  People like to over complicate the reasons for the recent market crash, regular  people simply lost interest in bitcoin and there is not enough buyingp ressure to absorb all the dumped coins by miners.
784  Economy / Economics / Re: LESSONS FROM CRYPTO MARKET on: January 22, 2019, 12:50:12 PM
Well now is the time to buy up as much crypto as you can.  IT is usually best to do the opposite of what others are doing.  The saying is "be fearful when others are greedy", but this is easier said than done.  Trying to catch a falling knife is very difficult so you want to average in your buys and never go all in at a certain price.
785  Economy / Services / Re: [OPEN] BitBlender Signature Campaign | Up to 0.0003BTC/Post | Member - Legendary on: January 22, 2019, 12:45:17 PM
I see the spreadsheet has 2 open hero/legendary slots.

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786  Other / Meta / Re: Why were my threads moved? on: January 22, 2019, 01:44:30 AM
I stopped posting in the mining section because my posts kept getting deleted.  They were on topic and not spam but for some reason..............
787  Other / Ivory Tower / Re: Will precious metal coins return as everyday currency? on: January 21, 2019, 06:35:42 PM
You can just create endless forks and coins.

But you canīt force people to buy your endless forks.

Price is determined by supply and demand. You can make an ilimited supply through forks, but there will be no demand for them, so the price will be zero (or close to that, like almost all of those forks).

On the other hand, as bitcoin supply is limited and it is widely used across the world, mined by thousands/millions of computers, thousands of transactions per day, etc, it is valueable and has some demand.

Why wouldn't there be demand?  I remember people said ethereum was a scam and called it worthless at the beginning. 

As much as people hate bitcoincash its still a top 5 coin so there is obviously some demand.  Dogecoin is a memecoin copy off bitcoin and still has a huge marketcap.  Not sure why you are saying there will be no demand.  Even ripple a true shitcoin which isn't even a real crypto is worth billions.
788  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2019, 06:30:42 PM
A few interesting factoids and opinions:

Davos: the backlash
Corp profits above pay trend for a while. Author thinks that it should go back to trend.
https://www.bloomberg.com/opinion/articles/2019-01-21/davos-the-backlash-against-fat-cat-bosses-is-coming

An opposite opinion: why a few have so many?
Pareto law as an explanation (J. Peterson):
https://www.youtube.com/watch?v=-k_FfS1kHfY

Finally: tax collection employes supercomputer/service
https://www.wnd.com/2019/01/big-data-meets-big-govt-new-irs-spy-software/
Quote
It could also flag a person whose tax return shows relatively low annual income but whose social-media posts indicate something entirely different.

Integration of all three:

If the trend would become toward more taxation (as Davos article predicts), then the rich would probably employ crypto in some form, hopefully, bitcoin.
Bitcoin is dealing with high gini already, so it won't be a problem to absorb a $ trillion or two or ten.





this chart is old but it represents the wealth inequality trend It has gotten really bad over the last 10 years.

I'm sure most of you are wealthy enough or libertarian enough to not be concerned about the younger generation and lower class.  Millenials can't even afford to purchase houses,  most of the new wealth created is getting sucked up by the top.  Baby boomer generation could at least work a normal job and have a good life but today things are upside down.  The thing is this can't go on much longer before the inequality gets too out of hand and with job automation getting worse.  Will eventually be revolution unless things change.
789  Other / Ivory Tower / Re: What is bitcoin's largest obstacle to bitcoin adoption? on: January 21, 2019, 06:18:31 PM
I don't think bitcoin will take over the world like some people here believe.  I do think it can continue to make massive gains but we need to look at this from an average joe point of view. Regular people do not want to be held responsible for their money and have to be their own bank.  Once you crypto is stolen you are not getting it back.  Also most people do not care about decentralization and will do what the government tells them to do..  Crypto will continue to grow but not on the scale that some believe.
790  Other / Ivory Tower / Re: Will precious metal coins return as everyday currency? on: January 21, 2019, 06:14:39 PM
Sorry paxmao but I can't buy into the whole limited bitcoin reasoning.. Other cryptos are holding value quite well and there will be more in the future with better technology.  You can just create endless forks and coins.

Good luck trying to create more precious metals, it requires a lot of effort to mine and there is nothing like gold.
791  Bitcoin / Bitcoin Discussion / Re: Bitcoin is simply too difficult to buy to gain acceptance on: January 20, 2019, 01:52:48 PM
Why do you need acceptance? Do you really believe in Bitcoin??
Don't be a fool. Most of us mine and trade bitcoin here is to make profit, not to use it as real currency. Right now in bear market, I do short selling, just like stocks. Either way, I make money from it, and that's enough.


This is ad but true, the majority of people just buy bitcoin to make a profit and not to conduct commerce.  How many stores in real life are accepting crypto payments? Not many and if they do its a middleman service like bitpay which converts the coins instantly to fiat money.  This isn't necessarily a bad thing though, bitcoin is better as a store of value anyways and can capture some of gold's seven trillion marketcap.
792  Economy / Gambling discussion / Re: Have you been able to resist? on: January 20, 2019, 01:33:43 PM
I see gambling as a fun side hobby and I don't let it consume my life.  I treat it as any other entertainment expense like  movies, video games, cars.  The only thing I was truly addicted to before was an online video game that I won't name.  I always had to play everyday or I would get very upset, thankfully that only went on for a short period of time.
793  Bitcoin / Bitcoin Discussion / Re: Better Than Bitcoin? MIT and Stanford Academics Claim To Have A Faster Crypto!! on: January 20, 2019, 01:25:59 PM
Lol, there's a lot of coins right now which is far more superior than bitcoin and yet bitcoin still remains the king. I guess it's one gauge though, but if you're building a coins and want it to be quicker than bitcoin and thinking that you can overtake it, then you fail already.

There's much more to it I guess. And it will really take some time before we can witnessed a coin being supported by community more than bitcoin, imho.
You can have the best technology in the world but without advertisements and a strong community the coin will essentially be worthless.  Bitcoin has such a massive advantage because of its first mover advantage.  I see so many projects claiming to be the new bitcoin but it never works out and most likely never will.

Projects that claim to scale with many transactions per second are centralized.  A centralized database for crypto is pointless, the whole purpose is censorship resistance.
794  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 16, 2019, 06:12:42 PM
The 21 million limit and block reward reductions are not set in stone. All it takes is consensus and these things can be changed.
795  Economy / Economics / Re: what should consider before investing in a coin? on: January 15, 2019, 09:19:48 PM
People here calling ICOs worthless are completely wrong.  Ethereum started as an ICO and if you invested at the start you would have gotten over a 1000x return on your initial investment.  There are still good projects out there but you have to be willing to do the research yourself and not blindly follow opinions of others.
796  Economy / Speculation / Re: Why BTC to Under 1K$ soon on: January 14, 2019, 12:45:24 PM
Since lot of people are in Panic they will start to sell their BTC with loss , Market will be red more than ever before,
So this is how It work:When BTC 2.9K$ Panic will be started, Downtrend will be slowly started too. Price will be dropped to 2.5K$ - 2K$ than Next wave of Panic will be started and price will be fallen to 1K$ and it will stable at 800$.

I doubt you even believe what you are saying.  If you do I would like some proof of you shorting at this price so you can back up your prediction.

I'm sure you know that bitcoin can spike up at anytime without hesitation and you are just trying to cause panic and make noobs sell for cheap.
797  Economy / Gambling discussion / Re: I LOST OVER 10 BTC IN GAMBLING IN 2018 on: January 11, 2019, 04:55:02 PM
I lose my money to gambling and many people too. I suggested to the people who are playing gambling must better if they are going to use their extra money so incase they will be lose it in playing gambling you can still have money too and if you are lucky you can win and you can have many cash for sure. Im so sad that you lost 10 bitcoin in your money but it's your decision to play .

10 bitcoin is only about $40k which is a lot to most people but to big gamblers it is nothing.  The big casinos in Vegas are comping players that lose millions in a single session.  These guys don't even flinch from losing a couple million.  I guess its all a matter of perspective,  $100 seems like a fortune to a young child but to a normal adult it won't buy much.
798  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH and XRP - For top 2 position on: January 11, 2019, 04:40:25 PM
They may flip spots every now and then but Ethereum will end up being the dominant crypto.  Eth has a much higher daily volume than xrp and the eth network handles a lot more transactions.  Ethereum is also used as a trading pair along with bitcoin on nearly every exchanges.  Additionally companies are looking at putting stocks on the Ethereum blockchain which will raise adoption even more.
799  Economy / Gambling discussion / Re: Do you remember your first sports bet? on: January 11, 2019, 04:11:46 PM
Yeah it still fresh in my mind. My first Sportsbet was the World Cup Final 2006, France vs Italy, where the legendary Zinedine Zidane headbutt and Materazzi trashtalk happen. I was just a teenager back in that day. I don't know if betting as a teenager is illegal or not in my country, but I register on the betting site using a fake birthday of course. I bet $50 and that was a lot of money for me in that time, and fortunately, I won. I forgot how much I won, but that's really feel good.

That was a great final! I remember watching that game like it was yesterday.  It was a total shock when Zidane decided to headbutt his opponent.  Zidane is an all time great but he really should of had better composure than to do something so silly which ultimately costed France the title.
800  Economy / Services / Re: Stake.com Signature Campaign - Up to 0.035 BTC a week on: January 11, 2019, 03:46:51 PM
I'm looking for up to 3 new people to join the signature campaign. Specifically looking for people who are willing to greatly pass 25 posts.
I will be posting a lot Smiley

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