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7921  Economy / Economics / Re: Crypto currency may not disrupt the Trillion Dollar Global Market on: December 09, 2018, 10:47:12 AM
The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.

This is why crypto may not have any impact over the global Economy whatsoever.
If we are going to go with the word disturb, it already has. There are already banks and investment firms who are trying to adapt to the new system, there are companies who charge 3% for any transaction you might want to do and people will select those less and less in the near future, there are banks who can transfer your money from one country to another easily without charging that much, even from one bank to another bank.

Hence, bitcoin managed to disturb the money transfer systems, there are blockchain companies now who are disturbing the way data is stored and they are using blockchains p2p system to keep those information and data in there forever no matter what happens to the location they are based, and also making it reachable anywhere they want.

Basically bitcoin and crypto managed to disturb a lot but just not as much as we really hoped.
7922  Economy / Economics / Re: Does USA-China War Begin-Huawei CFO Wanzhou Meng Arrested on: December 09, 2018, 08:41:49 AM
We are looking at things at a major plot point because media makes things so much worse and bigger than what they are but we are missing out on small stuff. Do we know why she was arrested ? It suppose to be about selling things to Iran which is illegal in USA because of sanctions. Hence, it means if the Chinese wanted to make money by selling stuff to Iran and and not care about the sanctions that USA put into place than they were willing to do something illegal.

I understand Huawei is a big company and china doesn't want any of its citizens to be prisoned in there but in a normal case if a regular boring citizen of china went to USA and killed someone they would be jailed too, both illegal both dangerous, bot have consequences. Just because it is not murder but breaking of sanctions doesn't mean its less illegal.
7923  Economy / Gambling discussion / Re: U.S. Taxes on Bitcoin Gambling on: December 07, 2018, 12:09:37 PM
The question is two parts, do we talk about the casinos in USA or the people who are from USA and gamble on a foreign casino website. Now, I doubt there are places in USA that allows you to open a bitcoin casino, I think it is illegal for people to have online casinos there, last I remember there was a ton of trouble going around about poker websites years ago and most of them got shut down and had to relocate to some offshore country like caracao or something. Hence ever since those times no online casino would prefer USA anyway.

Moreover, if you are from USA and want to gamble that means your taxes depending on your honesty, since USA can't really check your gambling like they do with trading, they will have to rely on your honesty. Exchanges give your information to government so you HAVE TO pay your taxes there but casinos don't give a damn about government so you can not pay a single dime if you don't want to.
7924  Economy / Speculation / Re: SEC delays decision on ETF again on: December 07, 2018, 08:58:04 AM
I don't get why the market is reacting to this news like they are reacting right now. It was suppose to be decided on 29th of December if I am not wrong and and postponed about 2 months later from that date. This is not some year long huge deal, its just 2 months and it will be really early of 2019 when this happens.

Whats going to happen the price will go back up in a month to redo all of this again? What did people think they can hold their coins right now and sell after it gets accepted but decided 2 months is a long enough time to sell and rebuy to wait again? Why not keep it and not sell it for another 2 months before the price goes back up ?

I really don't understand people and their overreactions, market is going down for no reason and people are idiots to think this has too much difference in bitcoins life span.
7925  Economy / Speculation / Re: Yet another worse scenario a head of BTC on: December 07, 2018, 07:54:29 AM
The more we wait the lower bitcoin is going because of speculative news, there is nothing that really makes the price go down aside from market decisions and supply/demand rules.

Right now, there are more people who want to sell and get out of bitcoin than people who would like to buy, actually not even "people" but more money sold than more money bought. It has happened too many times in a row and there is absolutely nothing going on neither.

Today it went down because bitcoin ETF that was suppose to decided on 29th of December was postponed and market reacted to it, well there was nothing that changed for today ? Why did it drop when something 3 weeks from now became 2 months from now ? There is no explanation but people keep doing this and market gets swinging from bottom to bottom.
7926  Economy / Trading Discussion / Re: What crypto-pairs are best? on: December 07, 2018, 06:40:43 AM
the most important pairs are Bitcoin and Ethereum. These are two fundamental currencies, without which I see no sense in the exchange.
I agree these  currencies are the base and always making some big movements by giving enough rooms for any trader to buy and sell but only with some accurate predictions. I mean to say without proper analysis you cannot trade both bitcoin and ethereum. You must need big knowledge and predictions capability. But, if you take some new coin, which is being backed by some good project then trading it will be very much easier as it will be having uptrend for sure.

The market is down, its good to trade on other alts, though having some trial and error on what to trade among new coins listed in different exchanges.
When the market is down, the truth is you cannot any pair with confident. Because, almost all the trading strategies are getting failed now a days hence staying away from the market is highly suggested as of now to secure our capital. When there could be no best pair for trading, it would be much better to stay away.
7927  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think altcoins will be used for in the future. on: December 06, 2018, 04:41:27 PM
I never really considered it in too much detail but honestly vendor machines look like the best possible options out there.

First of all if you can manage to implement bitcoin payments (or any other coin you want as well) there is a big chance it is already automated for everyone involved, they just pay via some QR code scanning or something and get what they want after the money is sent (you don't have to wait for the money to arrive, as soon as you see it sent just give the item from the vending machine). This way people would just pay with their phones and get what they want via vending machines very quickly.

Considering there are a lot of vending machines all around the world, just one system that can turn them into crypto accepting machines would really hit so great and the first company that does it will become rich probably.
7928  Economy / Trading Discussion / Re: Which Websites do you use to get your Trading news? on: December 06, 2018, 03:58:17 PM
I second cryptopanic.com , that and reddit is the greatest source you can find. Just check /cryptocurrency at reddit and check the cryptopanic hot topics everyday and there is nothing in the world you would miss.

You can find everything there and than some, there are even chats there that people can talk about the news, I registered just for the purpose of replying to someone and before you know it I was writing stuff there all the time.

Having some news aggregate type of website where people talk about the news in general is much better than someplace like ccn where there is just pure news all the time. I know "news" is the important part of those websites but to me the most important part is to see how people react to those news, the hype, the disappointment, the anger, the happiness, those are what makes it better for me.
7929  Economy / Economics / Re: Fire in the market: Bitcoin is below $4000 on: December 06, 2018, 01:09:09 PM
It looks as if 4 thousand is the bottom, whenever it goes down further to 3800 or so levels it goes back up, I think it even looks like a good trading point and some of my friends did it this time around, they purchased bitcoin from 3800 and sold at 4180 or so. I think the price is having a good resistance to dropping below 4 thousand dollars and not going any further down anymore.

Not like it can't, we know bitcoin can drop significantly when something huge happens but for now it looks stable at around 3.8 and 4.2 levels. The question in my mind is that when the "shorting" started a lot of whales took advantage of that, will it be the same when Nasdaq starts their ETF as well ? Will rich people bet on bitcoin dropping ? If that happens than we can see even further drop than this one.
7930  Economy / Economics / Re: Crypto adoption on: December 06, 2018, 12:14:19 PM
Do you guys think that since this american stock markets are getting into ETF and basically making bitcoin more and more legit every single day would help the shop owners or stores to start accepting as well ?

I mean there was a lot of talks about steam getting bitcoin and there was Microsoft and all that (we still have Expedia I think) and maybe if the stock markets have bitcoin in it there will be more like that ? I mean I really hope to see bitcoin to be at least accepted as an online payment option on all big places, apple accepting bitcoin for your online shopping would be a great start and amazon as well, that type of stuff would really make bitcoin get heard a lot, more than the price increase we all need a place to spend bitcoin in order to make it actually worth something.
7931  Economy / Economics / Re: The harmful affect of a continuous downward movement of the Bitcoin price. on: December 06, 2018, 06:37:47 AM
The biggest one is the number of people who are interested in bitcoin. There are people who are interested in bitcoin at one point or another who leave after they see that bitcoin is only dropping in price. Anyone who got interested in 2018 has already left, that's just one year that people got interested and left at the same time.

We need people to see this as a long shot and a long term benefit to society and not just some 6 month investment experiment. Without that long term look for us, we are not going to reach anywhere with this. Hence the downward movement is hurting bitcoin not only in price but also for the future, if 2019 happens to be a better year we will see some interest once again but people will always remember 2018 and be cautious about bitcoin and its price.
7932  Alternate cryptocurrencies / Altcoin Discussion / Re: Will waves price touch $5 by the end of this 2018? on: December 05, 2018, 06:07:33 PM
Waves recently launched apps for android users. This news has an impact on its price. Price already pumped more than 100% last 3 days. Do you think Waves will hit $5 within this December 2018? Please explain your opinion.
Let's take consideration of BTC value rather than considering USD value (because USD value is purely depending on how bitcoin is performing but in my opinion, BTC value will indicates the actual performance of waves). It was really a marvelous run to see waves jump from 25k satoshi levels 59k satoshi levels in bitterx. I have been watching it from 80k satoshi and bought some 2k waves when the prices trading around 70k. I guess in coming days we may have one wave to value more than 0.001 BTC as more development news are coming up. Really excited to watch more jumps.

To answer OP, when waves values around 0.001 BTC and BTC values around $5k levels then you will have waves prices around $5 and it may go up to 100x too in coming months as I am expecting 0.01 BTC values for one waves as BTC also may peak into new ATH in coming months.
7933  Alternate cryptocurrencies / Altcoin Discussion / Re: Which wallet do you use for storing ERC-20 token? on: December 05, 2018, 04:40:27 PM
Which wallet do you use for storing your ERC-20 token?
Metamask. The fact that I can store my coins on a google chrome extension really shocks me to this day. Not that metamask is the only one but the idea is still very new to me. I have been in bitcoin and crypto for years now and every time there is a new feature that comes up I still find it incredibly weird and it takes time for me to accept the innovation.

The fact that my money is on my google chrome extension called metamask and I can use it by just clicking a button is marvelous. Think about it, back in the day you needed to have a credit or debit card that you put on paypal and buy something (and before paypal you had to directly use it on whatever website you are on and had to trust them) and after that bitcoin came out so you had to just send money from your wallet, now there is a chrome extension that allows you to just click and its paid. Its amazing.
7934  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto currency is suppose to turn the middle class into rich people on: December 05, 2018, 12:51:39 PM
Crypto currency is suppose to turn the middle class into rich people why is that changing now? People got scared of crypto? It's easy money mix in with bankruptcy money. The future is in our hands. Don't be scared . If u know this forum exist , we will have lots of money come 3 years
No, it doesn't. Who keeps on spreading these false things about bitcoin I have no idea. Bitcoin doesn't care if you are rich or poor or middle class, the purpose of bitcoin has nothing to do with bitcoin price. Crypto is not here to provide you money, it is not something that you buy right now and get rich later on, people are not making this ground breaking technology on blockchain so you can get a house, that is not how any of this works.

Crypto is here to shake the finance world from the core and make it more decentralized so that there is a finite amount of money and that would create a non-regulatable coin that would not be controlled by any central governmental power. The purpose is to create a coin for the people, not the middle class people, not the poor people but people in general which includes rich people as well. Learn what crypto is before you make suggestions about it.
7935  Economy / Speculation / Re: Bitcoin Price Will Hit New All-Time Highs in 2019: Quoine CEO on: December 05, 2018, 12:20:53 PM
Everyone makes up a new estimates all the time, every single day when you check the news there is a new person making a new estimate or some old crypto dude changing his past estimates and so forth. When will we really learn that there is no single person in the whole world who can estimate the price of bitcoin in the long run. There could be some people who say the price will go up or down and eventually be right but after couple of correct runs they will be wrong as well.

There is no indicator that could signal the best possible outcome neither because all signals fail when it comes to unexpected stuff. Who or what could have expected Craig to sell thousands of bitcoin all at once and crippling the economy the way he did ? No one and nothing. Do not believe this dude neither, he could be right, he could be wrong, he is just making it up based on nothing.
7936  Economy / Speculation / Re: Bitcoin Price Crucially Recovers From $3,700, Can $4,000 Hold in Short-Term? on: December 05, 2018, 11:50:20 AM
I was thinking the same thing, price keeps hitting that $3.8k levels all the time and hits back to $4.2k again. There is absolutely no way of knowing what will happen in bitcoin world however the price did the same $4.2k to $3.8k to $4.2k move back and forth couple of times now, not that it means it will do it again but none of us would be shocked if it did the same thing 3-4 more times right ? If it looks like fish and smells like fish its probably a fish.

I think if the price hits back to $3.8k once again this time it might break the $4.2k because there would be more people buying thinking "oh its $3.8k again which means it will be $4.2k again" and buy from $3.8k making the price go up much faster this time around. Predictability is the enemy of bitcoin so I am a bit worried as well.
7937  Economy / Speculation / Re: Guys calm down and relax. Its going to be fine. on: December 04, 2018, 06:35:55 PM
The potential is not the only reason why bitcoin will go up. I mean I agree that bitcoin is a relatively new thing compared to any other method of investment and it provides a lot more features to all the other ones however it doesn't mean the price will go up soon because bitcoin is awesome in its coding.

I think we can actually want both at the same time, we can hope to see bitcoin prices to go insane and reach $100k one day, that is still a valid hope for anyone to have however at the same time we can hope to see bitcoin getting used everywhere around the world and become something like an alternative to current payment options, at least more used than paypal to begin with. You can want both, to see bitcoin getting bigger in price and in usage.
7938  Economy / Trading Discussion / Re: Ways of making money in crypto currency on: December 04, 2018, 04:32:14 PM
No matter how much the market worsens if you have a talent that can provide you with crypto than you will keep on making money.

The biggest freelance earners are the coders and if you can learn coding a bit than you can start to look for intern type of jobs. Not that you need internship to start right away but it is a lot harder to practice alone and it makes it easier to work with other coders in a company and make something together (helps you learn git quickly as well).

Designers, writers, painters and many many other stuff works as well. So, if you can find a way to use your talents online, you can take that talent to someone who is willing to pay you in crypto and that way you can own crypto currencies without having to spend any money on them. It is the ultimate "I can't lose since I didn't pay" method.
7939  Economy / Gambling discussion / Re: gambling ends on: December 04, 2018, 03:54:18 PM
Gambling will never end. I know gambling and wagering numbers are getting less and less in crypto world lately but that is more about the price and how people have been losing money in crypto than the real gambling issues.

Nevertheless, an argument could be made about how it was a refreshing thing to use your bitcoins to gamble on a dice game early on and afterwards people were capable of playing casino games and blackjack and poker and sportsbooks. After all of that it was impossible to keep people away from gambling and we literally had a surge of wagering in bitcoin but that phase is going out of peoples minds slowly since it has been around for a while and people gambled and they lost and they have been moving away from it. That early stage of excitement is losing its interest as well.
7940  Economy / Gambling discussion / Re: What causes a person to become intensely addicted to gambling? on: December 04, 2018, 02:25:32 PM
Instant money is the biggest lure for people due to which everyone tries their luck in gambling. Some are sensible and if they know it is not going to be easy to win from gambling move away or just play for fun and other who cannot control them self help the casinos owners to make them money as they keep losing normally and still anticipate of winning big and continue playing it.
Yes, there could be thousands of reason for getting addicted to gambling but if we go for depth analysis, we can find out that sticking with gambling continuously is the only reason for intensively getting addicted. There could be different reasons for every gambler for sticking with gambling but all the reasons will definitely lead to getting addicted finally. Even people who are realizing what they are doing, getting addicted over time as they are engaging themselves into gambling continuously.

Mostly gamblers are searching for some reason to stick within gambling. This is kind of justifying their actions but they are ruining their health and wealth once they get addicted. Anything will cause addictions hence the reason is not important but not staying with gambling for more times, is the only solution to avoid getting addicted with gambling.
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