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81  Economy / Speculation / Re: Bullish Strategist Tom Lee Blames Bitcoin Futures for Recent Market Sell-Off on: June 16, 2018, 10:19:57 AM
But how does the bitcoin futures market have an impact? Is it psychological, coincidence, or something else? I reckon it should have an impact if there are real bitcoins delivered after the contracts expire.
Since bitcoin futures is a contract to buy or sell bitcoin at a specific point of time(at a specific price), it somehow affects bitcoin one way or another. Nevertheless, I don't see it as the real reason for the recent market sell-off because the volume of its trade is not that significant anyway when compared to the total supply of bitcoin. I'd say that the current bearish trend is a normal occurrence for the market when some people are securing profits(by selling).
82  Economy / Trading Discussion / Re: Need Some Advice!! on: June 16, 2018, 08:35:59 AM
He seems to have blocked me on social media and iphone so I have no clue to do anymore.
You can try talking to him personally though it will be hard to do that because he might try to avoid you. If he doesn't talk to you within days or if he is hiding from you, then you can first try to make an appeal to a suburb/village justice that operates on where he lives to help solve the problem at hand before taking it to the judicial court. You can also move on if you don't want to complain about it.
83  Economy / Speculation / Re: Bitcoin - Breakthrough at the 2018 World Cup in Russia .Yes or no ? on: June 15, 2018, 09:59:42 AM
what the Bitcoin experts say !! the BTC course at the football world championship will rise. If so, how many dollars?
I think it wouldn't really affect the market because online betting using bitcoin is a common thing even way back in 2016. Nevertheless, let's say that most of those who would like to bet on it use bitcoin as a medium for betting. For sure price will rise a little but not so much that it would reach 9800$. Even if that is the case, I expect that bitcoin price would go back to normal after the football world championship after those who won the bet sold it.
84  Economy / Trading Discussion / Re: Experts Reduce End of Year Forecast for Bitcoin. on: June 15, 2018, 09:03:59 AM
Who’d be a crypto forecaster?
Back in January, experts had Bitcoin pegged for a value of $43,370 on average by December 31.
They are not crypto forecasters because those who post articles about their crypto forecast are either no-coiners who are paid to shill certain coins, forecasters trying to shill their stash in order to gain a hefty sum or profit, or just somebody who posts unrealistic predictions in order to gain more visitors for their articles(and they get paid a lot for that). That's why they are eager in doing so even if their past predictions didn't happen.
85  Economy / Speculation / Re: Is the decline in the Bitcoin price OUR fault? on: June 15, 2018, 08:21:38 AM
Yes, the price increase to $19 000 was spurred on by speculative greed, but we should have grown faster to sustain that progress.
I think the decline in bitcoin price is not anybody's fault, because it is a given that anything that is purely driven by greed/speculative greed will sooner or later collapse and for bitcoin, the consequences of that greed, is the declining price we see today.
I think everyone of us is to blame, because we should work harder to, :
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Help people to invest in Bitcoin. <Open that wallet and give them some Satoshi to play with.
I agree that we should work harder to do those other things that I have omitted in the quote, but it is not our responsibility to ask merchants to install a bitcoin ATM in our area because they will do that when they like whether we ask for it or not. Also, it is not our responsibility to give people to some satoshi to play with. They will use bitcoin if they like and if they don't want to use it, they will just dump that satoshi you gave or use it in gambling.
86  Economy / Economics / Re: Cryptocurrencies as alternative mean of payment to fiat money (master thesis) on: June 14, 2018, 10:14:39 PM
Never forget to include satoshi’s paper. He talks about creating a P2P cash system, and central banks are left out of the equation. It must be on your introduction and/or first chapters.
He would also need to include some counter arguments that side with fiat and define it. He might also need to discuss what are the current problems of using fiat money and the dangers of a cashless society in his chapter 2 and a little bit on his chapter 1. Here are 2 articles that might help you to do that OP:
https://blockonomi.com/fiat-currency/
https://www.financialsense.com/contributors/ron-hera/fifteen-fundamental-problems-with-fiat-currencies
87  Economy / Speculation / Re: TRIPLE BOTTOM CONFIRMED??? on: June 14, 2018, 12:35:00 PM
I'd say that we are near into seeing a triple bottom pattern but I don't expect the market to become bullish at the moment just because of this pattern(unless whales let it happen). Bitcoin cannot be predicted using price chart patterns unlike others, so don't expect much even if triple bottom formed fully(that will be seen when bitcoin reaches 9500$ price ranges again).
88  Bitcoin / Bitcoin Discussion / Re: LN settling to main chain would cause bottleneck in blockchain anyways? on: June 14, 2018, 11:54:31 AM
I however find it quite difficult to even imagine what would be needed in order to make Bitcoin scale properly.  
I'd say that it is still too early to worry about things like that. IMO, the community still got a year or more to make bitcoin scale properly to be able to handle the number all of visa's txs because it needs to be legalized more by other countries who still are not paying attention to it as of now(and I suspect that the least amount of time bitcoin needed to catch their attention is one year).
89  Bitcoin / Hardware wallets / Re: Hardware wallet vs Software wallet on: June 13, 2018, 10:06:39 PM
I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base.
Those software based wallets that got hacked most of the time is compromised because of it's users itself and IMO software wallets can be as secure as a hardware wallet if you have taken enough actions to secure your wallet. Better yet, try storing your coins in a paper wallet. IMO it is almost as secure as a hardware wallet for long term hold, it is also cheaper.
90  Economy / Trading Discussion / Re: My first experience was Zero profit 1000% loss on: June 13, 2018, 12:56:49 PM
I hope to get better in my quest, it hurts though but I'll be fine some day
Don't worry mate you will surely get better in trading as you learn new lessons every day and you will someday reach the point wherein you make good decisions most of the time and profits from your trades. Just always remember that something that is not yet sold, despite a dump is not a loss because it might go up again anytime in the future. Also, remember to not lose sleep because of thinking about the money you lost and will lose in your future trades since there are always risks involved when trading.
91  Economy / Speculation / Re: $50K in 2020? No. More like $5K in 2020. on: June 13, 2018, 11:33:29 AM
Back in 2014 people were saying the same bullshit about how they lost money and they were saying how price is going to be back down to $10 by 2018. the funny thing is all of those who were saying this have been buying bitcoin when it was worth $200-$400 while telling others to sell. now we have the same scenario where bitcointalk is yet again filled with idiots who are talking about the doomsday
That must mean that history is trying to repeat itself here but I wonder if it will succeed or not? Nevertheless, I believe that bitcoin can reach greater prices beyond the next block reward halving if "history did repeat itself.
HODL they said
Buy the dip they said
That's why it is important here to NOT LISTEN ON WHAT OTHERS TELL YOU and decide on your own if you will hold or not. Most of the time, they are doing the opposite of what they are telling you, so do the opposite at your own discretion.
92  Bitcoin / Bitcoin Discussion / Re: Regulating agencies are quiet now! Anyone suspicious? on: June 13, 2018, 07:59:44 AM
Are they the ones which are busy accumulating now ?
I think those regulating agencies are not busy accumulating bitcoin at all, it's just that there is less attention to crypto in general right now when compared to the attention it got when it was near the all-time high. For this reason, they don't see any point in taking action now(because they believe only a few people are getting involved in crypto today) making them think that most of the people heed their warning.
93  Economy / Speculation / Re: Bitcoin $21,000 in year 2030 on: June 12, 2018, 12:39:02 PM
i think he is either kuwukduck himself or saw his post history and took lessons Cheesy
He is not an alt of kwukduck IMO because kwukduck post about bitcoin's doomsday like there is no tomorrow for it, whereas OP here is still predicting that bitcoin will rise to $21,000 in 2030. He might have took some lessons from him though.  Grin
Bitcoin fell from $7500 to $6700 today. If bitcoin goes to $21,000 (new high price) it will be in year 2030 only
It would be unwise to think that bitcoin price movements will be that slow. Considering the past movements, I think it can be achieved earlier than 2030. Maybe the target price can be reached by the year 2020-2021 after next block reward halving that will happen in 2020.
94  Economy / Economics / Re: Sweden Tries to Halt Its March to Total Cashlessness on: June 12, 2018, 11:05:15 AM
There are defintiely going to be drawbacks to a cashless world in which centralised payment services dominate. Essentially means that both corporations and governments can track exactly what you're spending, and there would be no privacy whatsoever.
Those who will be able to track your spending are not only limited to corporations and governments, any average joe with enough knowledge in crypto can also track it as well depriving one with privacy(if one declares his/her wallet address).
Cashless policy is the way and the better everyone key into it, the better. In a country in which its almost impossible to eradicate corruption, the way out is to stop how people touch cash.
Stopping people to touch cash will also not eradicate corruption because there are still loopholes that politicians can use to do the same thing with a cashless society. One of the ways to do it is by using mixer services in order to anonymize their transactions in a decentralized crypto.
95  Economy / Economics / Re: Would blockchain technologies continue Its development without cryptocurrency? on: June 12, 2018, 08:58:15 AM
Blockchain can continue its development without cryptocurrency but it will be used to reimagine a business' industry particularly in the finance sector(banking and money remittance). Nevertheless, crypto will also develop side by side with blockchain technologies to improve decentralized payment system(since it's foundation will improve) in order to be used in peer to peer transactions more efficiently.
96  Alternate cryptocurrencies / Altcoin Discussion / Re: My jokecoin and shitcoin collection on: June 11, 2018, 10:44:11 PM
Those shitcoin and jokecoins definitely are good picks but I suggest you add doge in your collection. IMO dogecoin is one of the best joke coins out there that got real world use cases if ever cryptocurrencies become mainstream (which is to be used as a token for gambling). Albeit it's bad real world use case, it has something going for it that helps sustain its price making you less vulnerable to loss while collecting shitcoins.
97  Economy / Trading Discussion / Re: Buy in or opt out? on: June 11, 2018, 12:37:22 PM
would you buy in or opt out?
I guess I will opt out for now because of my analysis and from it, I speculate that bitcoin will reach 3580-4000 USD price range(and will only buy when it reaches this point) and it will be its new floor price. My analysis was based on the saying that "history will repeat itself" and from thinking that way, I calculated the percent of loss bitcoin suffered from the last dump after Mt. Gox incident. Either way, if it doesn't happen it is still a win-win for me because I already hold some bitcoin in my wallet.
98  Economy / Speculation / Re: Can you hold my hand? on: June 11, 2018, 08:04:19 AM
I might be the biggest proponent of "buy the dip" as a strategy in the forum. I always do it, and my resolve in the belief that Bitcoin will reach a 6 figure price is still strong. But sometimes seeing the price go down hurts.
If that is the case then just simply wind off for a while. Go out and travel, or do anything that will help you relieve yourself from stress caused by a bearish trend after buying the dip. It also would help if you will stop looking at prices for a while and take a breather if you already used up all of what you can afford to lose. If you cannot follow my advice, then simply ignore your emotions and remember this advice given by the post above this:
imagine next year (for example) that price is $50k, of course, you would want to have bought all your coins at the very bottom but we all know it is not possible. would you honestly mind that you bought these dips and price went lower?
99  Bitcoin / Bitcoin Discussion / Re: Shit engineering on: June 11, 2018, 07:21:38 AM
Is is any coincidence that both Cole and Corem are small blockers and Wu is a big blocker?  Wu understands this shit - that's why he is not bankrupt like those other two buffoons.
Cole and Corem being small blockers isn't a coincidence because they haven't used their heads well in order to succeed. If they have exerted more effort maybe they would also be a big blocker like how Jihan Wu is now.
I can not say that Wu is smarter than the two guys.
Wu is definitely smarter than those two because he made good decisions in order to gain support from his supporters.
100  Alternate cryptocurrencies / Altcoin Discussion / Re: If a project didn't reach soft cap will there still pay reward for bounty? on: June 10, 2018, 11:27:37 PM
Of course yes that's the benefit of the participants get the reward from bounty as bounty hunter's and wait until the rewards have value in the market cap
Unfortunately, there aren't any tokens that will be distributed if a project is unable to reach their soft cap because investor's money would be refunded and the project wouldn't have anything to pay bounty participants. That's why some bounty hunters carefully analyze a project first before joining into it since their effort would be wasted if ever the project didn't reach softcap.
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