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8081  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC will hit 500++ on july 15 2019 on: September 09, 2018, 06:46:15 AM
There is no specific date when the litecoin hit that price. But for sure this year and even this year that coin is possible to become thousand dollars each litecoin and I hope that is really happen to earn more money.
Yes that is right, It is not fixed to say anything about bitcoin or any other altcoin price in advance, we can only work on speculation but cannot predict as 100% correct. Litecoin is no doubt good for investment, because still it has still god potential to increase its price.
There is no doubt that the potential is there and from the current development, even with the Lite pay; it is just about time that things would possibly change for the best. Nevertheless, I am not of the opinion that due to the fact that something happened in the past in a particular manner means it would happen again in the future in the same manner. It might!

But, the fact remains that no one knows and it could just end up being a lucky guess but would not want to bank on it. Probably, 2019 will be a good year for crypto, but time will tell.
8082  Economy / Speculation / Re: Bearish again? (Back at $5500) on: September 08, 2018, 10:35:45 AM
I think that this time we will linger at around 6000 and below will not go. The market is talking about growth and bullish trend at the moment. The global correction is about to come to an end !
What is the growth trend that you are talking about? The market still has no significant adjustments, bitcoin is like being invisible control. This cycle is not over yet.
I really do not know the market talking about growth and bullish trend that he is referring to. This is still the bear's market and people are failing to realize that.

It is not about creating FUD, it is just something that is simple and plain. The demand so far sucks, and this is because of the mindset people have over just getting rich overnight, and with less concern of the major benefit they stand to gain in making use of it for transactions, and hence, has increased the speculative nature of the market.

As far as I can see, this market is not done with the downtrend, and there could still be lower lows to come.
8083  Economy / Trading Discussion / Re: Common Errors of Trading on: September 08, 2018, 08:08:31 AM
Exactly, that's the main problem for traders.
I always have problems controlling my emotions so that everything becomes different in direction with the plans that I have made beforehand, especially when I have benefited but always feel lacking and desperate to take greater risks and lead to losses.
Emotion control is normal when you are starting first, but it should be something that would disappear eventually as long as you keep learning and practicing. The only reason why emotions will keep coming forever is if you are not learning and you keep repeating the same set of mistakes over and over again while expecting different results. It is not gamble, it is trading and you require great deal of knowledge to be able to do things right if you want to make the best of it.

I'm so guilty of number 4 and 6, not cashing out early has turned me to a much stronger holder
Holder of what ? Most people here do call themselves as long term holders still they are holding some random coins which must be having very less chances for getting bumped. Probably another common mistake Wink.
8084  Economy / Trading Discussion / Re: How to learn cryptocurrency day trading! on: September 08, 2018, 07:33:59 AM
everything is very simple. I think that you need to start by trying to lose your deposit on any crypto-exchange. in this case you will learn to trade very quickly.
Trying to lose your deposit? Was that meant to be a joke? If you want to trade, you should never even bring about the quick aspect into the scenario because it does not work that way. Rushing to start trading without being patient enough to have the proper knowledge it takes to be able to trade the market effectively is one of the reasons why so many people who want to start trading fail and end up losing a lot of their capital.

Learn the basics, get a strategy that suits you from all that you have learned, and then practice this strategy until you perfect it before even starting to make any move on the real market, Learning from experience is best when you are simply trading with no real money and you are either paper trading or demo trading.

Still, there is no point learning from experience first without learning from the books as you will get confused and frustrated so fast. You need to be able to learn all that is important to learn about analysis, the use of indicators and every other part to trading when it comes to money management, before even making any solid move at all.
8085  Economy / Economics / Re: How to Retire in Your 30s With $1 Million in the Bank on: September 07, 2018, 07:11:30 PM
Apparently I am doing FIRE, well doing it a wee bit early though Cheesy.
I have stopped working around 2017 January or so, ever since than I have not worked for anyone ever again and I have been supplementing my income with some freelance work but aside from that I have saved some money aside and trying to not touch that as much as possible.

I already own my home and I only need the small amounts for the grocery store costs and that is about it. Firing does sound great because you do not work for other people and have less stress and always doing whatever you want but know that you will have to live a lot more modest life than sometimes you are comfortable with, there are times I do yearn for more money.
8086  Economy / Economics / Re: Will crypto solve socioeconomic problems? on: September 07, 2018, 06:33:44 PM
That is really true ,one of the socioeconomic problem is the financial crises ,many married couples are on fight and misunderstanding with each other because of financial problems, and I believe cryptos can help it partly ,through joining cryptos but depends on the interest of the parties concerned in joining cryptos ,for I trully believe it can help this socioeconomic problems.
One thing I still believe is that not everyone will have access to it due to some limitations most especially when it comes to technology for some underdeveloped worlds. Sure, it has the capability of enriching early adopters over time which I believe could at least bring about some creation of jobs, funds for other investments and so on and so forth.

Moreover, I do not think crypto on its own will solve all the problems as there would still be some limitations and from some of the examples we have seen so far most especially with Venezuela, we sure know the angle the governments are going with crypto, which does not look like a way of solving socio economic problem.
8087  Economy / Gambling discussion / Re: What makes the best sportsbook? on: September 07, 2018, 09:12:33 AM
I think odds are. One of the big reasons why onehash is as big as it is, because they do not arrange the odds, you bet against the other people about sportsbook and who will win, of course it makes the odds volatile and changing constantly and sometimes it means you can lower odds on some games but in the long run there are some games where you know the winning team and get x2 of the odds compared to other places.

Aside from odds the parlay is a good option, I do not want to bet on just one single match and want to bet on couple matches together for a bigger win if I can, that option is missing in some places so that is a big plus as well.
8088  Economy / Gambling discussion / Re: Martingale and Roulette on: September 07, 2018, 08:00:56 AM
Martingale is risky method even though you will use it for different games while gamble then possibility to lost you money will pretty much high and gambling required luck then i suggest to you do not use that method and just gambling as usual because i'm pretty sure most of people here already the victim of martingale method so don't ever use that if you don't want lost your money immediatelly
There is actually no single strategy that is not risky at any point in time and if what someone wants to be concentrating on is the provabial fair path, then, they should watch out when the system would be ready to hit them huge no matter their strategy.

I have never seen anyone with a strategy that has not eventually come out to tell you how the lost it all eventually relying on such strategy.

Just like Fatanut pretty much placed it, on a long losing streak, you are going to be losing more than you are winning and in this case you are sacrificing so much for so little, which is what I see gambling as. There are so much great ways to make money in life for someone who is smart; gambling should never be one of them.
8089  Economy / Gambling discussion / Re: Bitcoin Casino Question on: September 07, 2018, 07:14:38 AM
Any new online casino coming into this space right now must be willing to come up with something a whole lot unique than just what is being done normally which would probably attract gamblers. I really do not see most gamblers these days hopping around since they are already loyal to the site they are used to. It is a huge competition, and to be able to make it as an owner, you must be ready to think out of the box.
Thinking out of the box !
That is absolutely one way to go if you really want to make the best from this space right now.

It is not about just owning a bitcoin casino, it is about drawing the attention of gamblers to your platform and we all know attentions is hardly hard to draw and you must be ready to come up with something totally unique from what others have been doing, and be ready to do it right so no one will end up playing a fast one on you to beat you to it.

Loyalty is something that is hard to gain, and if you want to draw people out from where they are already comfortable, you have to do something out of the ordinary.
8090  Alternate cryptocurrencies / Altcoin Discussion / Re: The quality of the bounty has dropped very badly. on: September 07, 2018, 06:21:29 AM
I think bounty campaigns are an integral part of the marketing campaign of any ICO. You do not have to pay any kind of cash but can increase the hype of the project. So, It is foolish not to make a bounty campaign to increase the hype of the project.
It is, and it will always be an integral part of marketing campaign for most projects.

So far, it has been known as the cheapest way of pushing the idea and the product out there to potential investors and we have known how it has really helped in the success of so many project.

Quality of bounty dropping is practically based on people who are just joining everything they see and forgetting that this is a decentralize space and there will always be scams, so in that case, it is better you pick a project that is worth your time, no matter how little they are.
8091  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Tether vs Bitcoin price on: September 07, 2018, 03:03:05 AM
I don't think there's a particular relationship between USDT anew bitcoin.
The amount of USDT in circulation appears to have an effect on price of cryptocurrencies, it's not a steady pattern, but the higher amount of USDT created rises the price
It is normal for some to always look for a reason why the market is down but in the real case of things, market is down because traders and people are selling more than buying, and I do not think we should be looking for more explanations than that. USDT is a centralized currency that is backed by fiat of USD equivalence. Printing more out is just a way to compensate the demand and since according to the team, it is backed by real funds, then I see no reason why that would be an issue for any market.

I think in Tether people are just looking to find reasoning and causation which is not there. People like to look for a scapegoat and a lot of times they fall on Tether.
Yeah, that is the problem here. Market goes down and people are wondering why the market is going down and even if they end up finding irrelevant things which could have been a coincidence but in reality, cannot affect the market, then, they just say it anyway. I see nothing here that depicts what the OP is saying to be right. The market just wants to go down, so deal with it and focus on the things that matters.
8092  Economy / Economics / Re: Bitcoin Deflation and Its' problems on: September 06, 2018, 04:47:04 PM
Often times, new system is some kind of change that is hard to adopt. It is true that when new and especial system were about to introduced in our economy widely.
It is normal to always see adoption pretty fast.
Internet, Artificial Intelligence and so many other technologies have been in existence for quite a while now but the technology is still being adopted gradually after so many years and nothing rapid.

Infact, I am surprised that bitcoin has been able to attain this stage at this early period which I still believe is just starting anyway, but as time goes on, we will get to see if deflation ends up becoming a problem or not, but for now, except for the fact that it would encourage HODLing than it being utilized as a currency, I really do not see much problem with it.
8093  Economy / Economics / Re: Central Bank of Crypto-Currency on: September 06, 2018, 03:51:02 PM
It is indeed hypocrisy of the highest level. Rather than looking at things that are relevant and necessary, they are busy coming up with things that really does not even sound like those who have a clue of what they are doing. It is insane to be thinking of central bank of cryptocurrency when indeed everyone is their own bank and have full control of their money.

Of course, that shows how much they just want to keep being in control and in the center of everything, so I am not surprised at how ridiculous they are.
Its not just the hypocrisy here, a central Bank for crypto isn't necessary anywhere. Crypto isn't meant to be dealing with an whole economy to be honest, it hasn't reached that point of maturity where it can help control an economy. Crypto is still in its early years, and countries should rather focus on things like, I don't know, recession? Like, your country is fucking dying, but bitch I am going to open a central bank for crypto. I am not pointing this towards to India, but at Venezuela and Iran(?).

This world is dying. We have fucking jackasses like Logan Paul,John fucking McAfee,Alex Jones, Donald Trump etc getting richer and richer, whilst at least 50% of the world is in recession.
Jackasses indeed I must say. It is just appalling that the same set of people that are put there in the first place to make the world a better place are the same set of people trying to frustrate the efforts of making the world a better place for their own selfish reasons.

I do not expect anything backed by the government not to be controlled anyway and since according to the OP, what brought about this is the first place is India creating their own rupee backed cryptocurrency and having a central bank for digital currencies which the latter is the most absurd thing I have ever heard. This shows set of vision-less leaders with no iota of doing something tangible for the benefit of others than themselves.
8094  Economy / Economics / Re: Next SEC meeting on: September 06, 2018, 12:22:43 PM
I think we are giving too much power to USA, I mean sec is just about one country and the ETF is also about one country, these are all USA dealings and for some reason no matter what we do crytpo gets interested in what the USA is going to do and the price is moving according to USA inside deals.

I mean it was the same way on 2008 as well because when the house mortgages were leveraged by the banks there were countries that collapsed economically. I mean why would a whole huge country goes into economical crisis just because some bank in USA leveraged mortgages ?

Well the biggest reason is that people want that american money and when they couldn't this is what happens.
8095  Economy / Speculation / Re: What will be the maximum price of bitcoin in your opinion. on: September 06, 2018, 08:37:03 AM
Do you have any specific year on where it will reach that maximum price you have given?

If that's your opinion at least add some reason why you think bitcoin will reach that amount soon. You didn't gave any particular reason, you don't have any specific date and you don't have any technical analysis on how its going to be possible. Much better if you will support that statement you gave.
I really do not see any reason any one can give on why they think the maximum price would be exactly how it is, because they have none and no one knows what the future holds and I am sure the OP actually stated that. Bitcoin will hit the maximum price it is going to hit whenever it feels like and that would totally be based on how people and users perceive it in the long run.

Based on what the OP said on what he thinks, that only would be totally bent on fiat failing and then the only available option is to utilize bitcoin. Probably by then a satoshi might be equivalent to a dollar, who knows?
8096  Economy / Speculation / Re: Price in the Market on: September 06, 2018, 08:07:00 AM
Very hard to know when the value of coins will pump or dump but some traders used the graph of the value to determine the good time to buy and sell their coin. But that is only their basis but its is not 100% sure that they decide base on their graph still they taking a big risk to invest.
Asides from the fact that it is hard, it is impossible to predict exactly how the market will turn out.

It is indeed a guess work and the only thing applicable in this sense is that you are using some tools to assume the movement of the market and then betting on it which in most cases, you are also having at the back of your mind, that things may not actually go as planned and this is where the stop loss comes to play.

No one, no matter how professional can know how market is bound to end up but we can only make use of the knowledge we have to do the best we can.
8097  Economy / Exchanges / Re: POLONIEX is driving me crazy- What should i do? on: September 06, 2018, 06:12:35 AM
I was also frustrated 😤 during the time I applied for verification before.. I sent messages to support many times coz I wonder why its always error and coul even see the button for uploading photos until I asked someone's help and he told me to click desktop site coz I'm using phone. and that's it I able to submit successfully and get verified. If u are using phone try to use desktop site so u can see all clearly..
I also had the same issue for a whole day but while using desktop, I was able to compete verification pretty fast months ago. It may not even be the platform with which you are using to access and upload the documents and it could be anything.

Support on the other hand is a bit bad so you may not get quality response, all you have to do in this case is to keep trying and make sure you cross check what you are uploading.

I guess in my own case, I changed my document from driver’s license to International Passport and it got accepted. Not sure if it was the desktop or the change of document that aided the verification, but what is important is to get it accepted.
8098  Economy / Speculation / Re: Can Bitcoin price worth more than $100k in 2018? on: September 05, 2018, 04:02:33 PM
I have always defended the fact that we can not know what bitcoin can do and we can't predict what the bitcoin price would be in an hour let alone what it will be in the next 4 months but truth be told I think $100k is an insanely high amount to achieve.

I mean $100k would make the bitcoin about 2 trillion dollars and the whole market is not 2 trillion right now and the volume is just 12 billions, for that to happen there needs to be 100+ billion invested in crypto all of a sudden and that is more money than most countries gdp so I doubt there will be investments at that size even with couple of whales getting into it, maybe not even if ETF started working.
8099  Economy / Speculation / Re: If bitcoin were more than 100K, how much you would buy? on: September 05, 2018, 02:17:11 PM
If i am just a new investor in bitcoin having a price of 100,000$, i think i will only buy a small slice of it because i could not really afford to buy a whole of it. I am going to hold it, let it grow up higher and if the price is already right for me, then i will sell it  right then.
I think not many people have a bitcoin when its price is $ 100,000. At that time only rich people could afford to buy bitcoin, so hardly imagine bitcoin going to have such a day. I am not confident I will buy more bitcoin at that price (even a small slice of it) and wait for higher price.
This is why I do not understand why people in the forum do not take advantage of the current price of bitcoin, the price is very low and I do not think that we're going to see the current price for a very long time, all of those people complaining about the price of bitcoin being too expensive right now are going to have a hard time in the future when bitcoin reaches six figures and they cannot afford to buy a whole bitcoin anymore.
One thing about a market is that it will still have its own fluctuations even at that $100k and the same way some of us are buying now when compared to the value some bought even as at 2010, is also the same way people who are just stepping into the market will start looking forward to buying by then even though what most people will now be looking for by then could be some undervalued market instead but as far as this market is already being utilized as a currency and a general means of payment on a large scale, people will still buy even at $1m at least what they can afford to buy.
8100  Economy / Speculation / Re: Warren Buffett on buying bitcoin: 'That is not investing' on: September 05, 2018, 01:18:48 PM
I kinda incline to agree with warren buffet because of two main reasons.

First of all he is a value investors so when he invests into something he neeeds to calculate how much the stock worth in value and how much is the price so he could invest directly considering the price and value and if the price is lower than the value he grabs his check book and writes a big fat check to buy some of that companies stock, secondly he is really old and his way of investing has worked for him for decades now which means he doesn't need to check the new investing methods for people that are 50 years younger than him.

Students buy crypto and they are 20 year olds, warren is 80+ years old, that is 4 times the life difference so why would warren go into something that is new tech? So I agree that "bitcoin is not investing" but I agree that "bitcoin is not investing FOR HIM".
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