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8141  Economy / Marketplace / Re: about the price of cryptocurrency on: August 28, 2018, 05:06:06 AM
Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.
Correct, for bitcoin there is only one point of reference and that is bitcoin itself, no other coin is at the same place, even if there are some other good coins in the market, there is no coin that has the adoption, popularity or the appreciation of the community that bitcoin has and to be honest I do not think we are going to see another coin at the top of the market anytime soon.
I always tell people, as long as bitcoin is the first, development is not going to halt, and support keeps growing with real life usage, then we will understand that altcoins have always been a distraction all along as a lot of them will end up taking the hit as the demand for bitcoin starts soaring pretty high. It would take all those things that I mentioned lacking in bitcoin to see any coin overtaking it.

Like sadlife mentioned, bitcoin is just its own competition, and every other alts are just trying to tag along. Moreover, the price of cryptocurrencies is just based on how much demand they are creating into this community and how many new people that they are attracting to invest with them. Hence, I am not seeing most other altcoins are not extending their applications up to real time scenarios, bitcoin may enjoy its dominance for hundreds of years also.
8142  Economy / Economics / Re: Reason why other ban cryptocurrencies on: August 27, 2018, 05:01:05 PM
In addition to these factors the use of cryptocurrency is prohibited by government  due to high fluctuations so the government fears that fluctuations will affect the country's economy
But I believe they just ban it because they do not understand the whole concept, the people higher up who are doing these banning and outlawing and all that just doesn't know what crypto is and they are banning because of the bad news they have heard some time ago.

If someone with a bit of knowledge of bitcoin and crypto in general has a shot, they probably will be delighted to put regulations on bitcoin. Think about it, governments are always looking to make extra money, so why not just make money from putting some taxes on the profits of people on bitcoin ? Think about it last year when bitcoin went up everyone paid a lot of taxes, now those people are not making any money but government already made a profit from those people.
8143  Economy / Economics / Re: Different between Cryptocurrency and Banking sectors on: August 27, 2018, 04:24:20 PM
Saving money in a savings account is like putting money in a pocket with holes. Banks only give you interests that are lower than the inflation rate. It‘s how they make money. You are better off investing in ventures (Crypto currency) that give a return higher than the inflation rate.
Well, crypto currency is a method of investment for many people and for the original purposes a way of buying something a currency a "money" to be spent. Banks are... well a company ? They literally have nothing in common. Maybe you can invest your money to banks and they can give you savings accounts and with that you can make a return but in most of the world it is really low and you can invest your money to bitcoin as well, maybe that is their shared point ?

Honestly this feels like comparing bitcoin with apple pie or something, just because they both involve finance why would you think they have anything in common ? There is very little overlap between these two and doubt will ever have any overlap in the future neither.
8144  Economy / Economics / Re: How much important bitcoin for entrepreneurs? on: August 26, 2018, 04:31:33 PM
It is not just purely entreprenuial however I think it is more innovative side people that take interest in bitcoin for their bussiness.

Considering the bigger the company gets the lower the chances of them putting their business at a risk or at least gets harder to change stuff that causes bitcoin to be not a huge part of their innovation focuses. However, the newer people who go out and try to be entrepreneur and start business has more wiggle room and they try to approach business as quickly and greatly as possible which means they do try new innovations than not and sometimes that takes bitcoin to attention as well.
8145  Economy / Economics / Re: Some tips for newcomers to the cryptocurrency market on: August 26, 2018, 02:03:14 PM
  This market is a market that is manipulated. We have miners who verify transactions, have additional insider trading floors, ICOs, pump and dump assemblies, sharks and whales, things they do. is to make a profit for themselves rather than anyone else. With a person you do not know, do you think they can withstand heat? There may be people who are really good but no one can say anything, preferably not one.
  Second, the cryptocurrency market is not like the stock market, in cryptocurrency we have cryptography, blockchain technology, market psychology, economics, etc., and many other applications can be applied to the field, So when someone says they are expert in the field of cryptocurrency, get them aside.
Do not react too quickly, never invest on a hype and wait it out, even if you are going to buy something for sure, sleep on it and wait for the next day, if you did your research and know what you are going to buy and you are sure for it and slept on it and the next day you are still interested on that than you can buy it.

Before all of this if you buy on a hype and get the feeling of you are going to become rich you will be sad for a long time. My friends who made the most of crypto world have consistently be the ones who took the smaller gains instead of waiting for the 10x or so returns, they just get that 5% and leave it alone.
8146  Economy / Gambling discussion / Re: Dota 2 - The international 2018 on: August 26, 2018, 12:54:31 PM
I was hoping for a og and eg final but psg has been great thus far and actually has a great shot at winning it all at this point.
As someone looking from outside (I do not play the game myself, just a fan of watching people who know what they are doing) it is insane to think the prices are so high.

The total prize pool is said to be 25 million and the winner is taking 11 million home as the prize. Let me breakdown to another example, euro league, the second biggest basketball league in the world is not giving out that much money to basketball clubs for winning the cup, teams do not even make that much if you put ticket sales and merchandise, most basketball teams are getting smaller because they can't pay millions to their players and decided to just get smaller contract players instead. This is bigger than euro league, the second biggest basketball league in the world.
8147  Economy / Gambling discussion / Re: Win-win bets strategy in roulette on: August 25, 2018, 12:01:34 PM
I am still shocked and surprised every single time someone comes up and says they found a way to win in gambling.
There is no way of winning on gambling because you are playing against a house edge that tips the advantage towards the casino itself.

Because of the zero on the roll there is no way you are at an advantage while gambling on roulette, you can try any strategy you want and you can bet however weirdly you want but in the end house always wins on the long run because there is a house edge. You need to find a place with negative house edge to find a winning strategy and that just doesn't exists at all.
8148  Alternate cryptocurrencies / Altcoin Discussion / Re: Future of BITCOIN CASH ? on: August 25, 2018, 07:24:31 AM
Are people really using BCH . It's Market value has drop almost 85% from it's all-time high value.
So many BCH but about 60% of all is controlled by only 67 wallets .

The  payments have also  slumped to $3.7 million in May from a high of $10.5 million in March. Bitcoin payments totaled $60 million in May, down from a peak of $412 million in September.

What are your thoughts on BCH's future .
Dead. Just dead. Bitcoin cash has no future at ALL. Anyone that has bitcoin cash just sells it, pure etc treatment. The only people who really care about bitcoin cash is the creators they created it because they wanted bitcoin to go for more a "miner friendly" ways so they can make ton of money, and the moment bitcoin team rejected it and no one in bitcoin blockchain followed their chain they just left and created a joke coin, they do truly believe bitcoin cash has a future because they are delusional but in reality bitcoin cash is bond to die off and not come back anytime and never. Probably if Roger Ver decides to pump it again then it may test its previous stable levels of 0.180 BTC to 0.220 BTC levels otherwise it may keep falling as everyone else may panic sell from their claimed stash.
8149  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it safe to invest all my savings in cryptocurrencies on: August 25, 2018, 04:03:23 AM
Cryptocurrency is a wise choice if you are prepared to take the risk. But it is not smart to invest all of your savings into crypto. Do not take too much chances coz you might end up with nothing. Play it smart and don't get too excited. Start off investing with what you can afford to lose. Don't gamble too much especially with your entire savings coz no one really wins in gambling.
But as per the rule of diversification, we should not go for with all our saving even what ever assurances these crypto currencies are giving to us. I mean we may go for investing up to 80% of our saving into crypto market and the rest should be kept as a liquid fiats so that we may make use of them at any emergency needs. When cryptos are coming up with its own risk levels, we should never go with all our saving then managing unexpected expenses may end in borrowing.

I would not advise to go all in on any one asset class.  Try precious metals, stocks and fiat along with crypto for a bullet proof way to not lose all your wealth if we hit a rough patch.  As one of these goes down the others will go up. 
Compared to your mentioned investments categories, only cryptos are good to produce more returns. To stick within diversification principles, we may go for investing with more portion into cryptos and smaller portions into others and we must keep some saving to lead a happier life even in urgent needs.
8150  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Invest in altcoins today or maybe later? on: August 24, 2018, 02:41:42 PM
Base on what I observed,  since market turns red and I think this the best way to invest in altcoins because I’am positive enough it will go up sooner when bullrun hits the mark this bear months. Do you also plan to HODL coins for so long? Your ideas are pleasurably accepted and do you agree to invest now or maybe later?
Investing in today's market is as good as it gets. Even if you invested a bit back you would still be alright.
Yes, altcoins all dropped, yes bitcoin itself dropped a lot. However, you are missing the point that people are who decide what these coins are worth, not some big corporation or some government sector deciding the prices. Hence, YOU are the one who decides which coin worth how much, a coin is valued only at what people think its valued. If you buy now, it will go up, by you I don't mean personally you, I mean all of you.

Moreover, you are afraid it will go down even further, so you don't buy it, when you don't buy it, your fear comes to fruit and it does go down. If you say "omg bitcoin is going to $2k", well it very well might be, if you say "bitcoin will be $50k" and act accordingly, well it just might!
8151  Economy / Marketplace / Re: Do you wish to have physical notes, coins for bitcoin? on: August 24, 2018, 11:14:06 AM
The most popular reason why bitcoin is in demand is because of how flexible a virtual currency to get around the world.  Well, if you do a physical or tangible thing of bitcoin, that will be same as local money on your pocket for sure. Also, bitcoin price is not so stable value like your tangible money on your pocket so think about it man. Just adding some thoughts on this thread.
Just because of having bitcoin in physical format, we cannot assume that bitcoin must have only a constant or stable value. We can use physical bitcoins in the same way in real life how we are using right now online. Bitcoin's volatile nature of value is not a barrier to have a physical form to it. Gold is being used in physical form but its price is also daily fluctuating then why not take bitcoins into physical form. Everything will be possible in crypto-world then wny not just the physical form Grin.

If you want to see bitcoin in paper form then the purpose of creating bitcoin will get shattered.
No. It will not. Already physical coins are available everywhere. But when you are using physical bitcoins, you need to refer its value online or from somewhere else where the most recent prices are available to get the exact value of it. Other than this, there will not be any other inconveniences are possible especially having bitcoins similar to fiats.
8152  Economy / Marketplace / Re: Bitcoin - a financial pyramid: true or myth? on: August 24, 2018, 10:31:09 AM
I use to take the look about the bitcoin is revolution of financial service and payment tool. After digital emergence banking corporates really fooling us worst in part with the consumer fee, merchandise fee and etc.

Cryptos are really will not allow others to earn money with your money. You can pay the amount to the other end with the direct deal of the wallet but financial institutions will not allow that to happen.
Yes, bitcoin is gaining its value just because of its application to real-world not just due to promotions nor hype about future value. People do believe that bitcoin will have great future because of it's usage into our daily life and that is the reason they are buying it and making more demand for it.

All the commodity in this world are gaining their value based on this concept. This is all the basics of every economics is working. Some commodity will create demand due to its applications and based on its supply it will get its final value.

We all must understand that bitcoin is not gaining its value just because of some people are buying and selling it for higher prices than their buying price level. There will be no guarantee that we are going to sell our bitcoin for higher rates than our buying rates. But a typical permit scheme is working based on the assurance of someone will get you more value than your buying levels. This must be the basic difference between bitcoin and other ponzi schemes. We all must understand this fact and we should not compare bitcoin to bubble or pyramids.
8153  Alternate cryptocurrencies / Altcoin Discussion / Re: How to navigate the bearish market on: August 24, 2018, 09:30:04 AM
There is no assurance of anything in crypto. Tomorrow BTC may go up or go down. Your alts may go up or down, no one can say. I can say in case of mine, I tried many ways to maximize my profit or to minimize the loss.
The nature of bitcoin's volatility makes the entire crypto world has nothing assured. I mean bitcoin's trend is deciding everything and coping up in this bearish market will be easier if we hold only highly reputed coins. Only for the holders who have bought some random coins may need to struggle now and face huge unexpected losses in this bear markets. Before investing, we must take enough time to study about a coin and its future plans. This is the only way to handle this bear market. If you hold a good coin then you can easily pass up this bearish markets.

if you are certain about further fall of price and you are already in profit, you may sell to buy back at cheap later. But again no one can see the future.
Many people do suggest that. Selling now in losses and then buy back when more cheaper prices will be available. But, it will be pure gambling in my opinion. First you may loss for your trade  which had been already done and there will be no assurance market will back to rise after some more fall.
8154  Alternate cryptocurrencies / Altcoin Discussion / Re: Know when to stop a HODL/HOLD on: August 24, 2018, 06:27:44 AM
Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.  
I never worry on cutting losses as I do invest with only highly reputed coins hence I do not bother about potential losses which is the reason why I never think about exiting from the downfall market. I simply hold my coins among many potential losses as I am sure about near future's bounce back. I am talking about only very few coins which I am holding them for years.

Sometimes you don't rely on the word HOLD because sometimes it is also a trap especially to thus altcoins with no future and be dead just a few months or years, sell your holdings when its right.
When you avoid investing with those altcoins which has no future then you can reply on "hold" all the times. Yes, where you invest will decide whether you may go for holding or not. Investing with some random coins and then simply waiting with your holding will not make any sense but will lead to big big disasters eventually. Make investments wisely that is the first and "all" part. If we do that part more accurately then 99% of our worries and struggle will get eliminated.
8155  Alternate cryptocurrencies / Altcoin Discussion / Re: Too High Bonuses: A Sign Of Scam Projects? on: August 24, 2018, 05:42:01 AM
It is important for people to know that, not all projects that steal money and disappear are scams and a lot of projects just offer huge bonuses to entice people into investing in their platform.

Offering too high bonuses is one of the major reasons why some ICOs fail.
Ideally i believe presale bonuses should not be more than 30% and the purpose of presale should be for a project to meet its soft cap, so presale allocations should be capped accordingly.

Offering too high bonuses either locked up or not will still cause some form of uncertainty for investors and prompt weak hands to dump.

Projects that offers 50, 70 or even 100% bonuses should be a no go area for investors.
MLM , for sure MLM Shocked.

I had met with someone who was trying to convince me that this new coin he was promoting will be the best coin ever to exist (first sign of scam, you are not going to crack top 2, btc and eth is there to stay) and the only way to buy into that coin during their ICO was to buy from other people.

Hence, you basically own that coin and than you have chance to sell to other people and you will get more of that coin if someone buys from you, the number of coin increased by just selling to other people. Multi level marketing way of making an ICO on a new coin shows how horrible it is if you ask me. Never go for that kind of stuff.
8156  Economy / Gambling discussion / Re: Do these gambling sites make good money? on: August 23, 2018, 06:00:07 PM
And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.
Everyone thinks all these casinos are making millions of dollars worth of profit everyday but in reality those are just the big ones. I mean yeah of course primedice is making a killing on profits probably but do you think a website that no one heard also makes good profits ? No. They are one hack away from devastation.

Hence, if you look at primedice and see millions of dollars they are making and think "I should start one myself" than you are in for a bad time, it would require YEARS and insane amount of dollars to even become remotely trustworthy and get some wagers from anyone.
8157  Economy / Gambling discussion / Re: Bitcoin Casino Question on: August 23, 2018, 05:15:09 PM
If you have to ask this question, obviously you are not ready to start your own website.

If someone asks how much they need to start a gambling website, they are not ready yet. I had my own dice website once, there was this moneypot script that allows you to start your own dice website and I agreed with a developer friend of mine, paid him well and made that script into something good looking and started it, it kinda got traction a wee bit but in the end when there are websites that spends x1000 of your earnings into advertisement, there is no way you can start your own and get more people because people tend to flock to the biggest names, which as a gambler myself I do it too.

Hence, if you are new you need to have a huge bankroll just for advertisement let alone anything else.
8158  Economy / Trading Discussion / Re: HODL is not advisable! on: August 23, 2018, 04:23:23 PM
I think we seem to have just made some big profits from trading, holding only when we buy coins at the bottom or dip and if we really support their project and trust the project team, we will really hold it because we support our project expect a good long-term position.
Hold is one way of investing, why would anyone keep others from holding, who are you to judge their investment strategy, are you a person that came from the future ? Have you seen what happens to world in 20 years ? If so can you please tell us if the world ends or not ? If you are not from the future please do not tell people what to do. You think "holding" is bad because you probably got in at $20k and now looking at a bad price. I remember when bitcoin was 150 dollars, should I have sold it back than ? Should I just kept buying and selling for 6+ years ? No of  course not, holding is a legitimate strategy and anyone can do it.
8159  Economy / Trading Discussion / Re: Why Neo is going all the way down? on: August 23, 2018, 03:33:41 PM
The correction on neo coin is not only on NEO. Every other coin is going down as a result of the market. The market is not in a good state  and every coin on coinmarketcap has been affected including bitcoin.
Yes, everything else goes down as well, people mistake their favorite coins will be exception however it is not. When all altcoins go down, ALL altcoins go down, some of them do not stay up. Even ethereum which is considerably bigger version of NEO went under 300 dollars and it was over like 1000 thousand dollars at one point, that is almost 30-40% drop in price for the biggest altcoin out there, so thinking smaller and worse version of ethereum not going down is a dream. Neo is just an altcoin like many others and when they go down it will go down as well.

Do not put too much pressure on any coin, they are not special, they are not unique, they are just part of the bunch.
8160  Economy / Speculation / Re: Investing on BITCOIN for 1 year... Will it good or bad? on: August 23, 2018, 12:42:09 PM
No one can really tell you what the bitcoin price will be in one year, no one has a crystal ball that tells the future, everyone here who tells you to do it or don't do it are doing it via just their assumptions.

I however will tell you another approach, why not instead of investing on bitcoin for 1 year, you try to invest into multiple sources, I do not know how much money you have but considering it should be something decent in order for even making it an "investment" than you can divide it.

Buy some big company stocks like apple or berkshire hathaway or even some banks or insurance companies. After you got some of them buy some index funds for safety, than buy something like gold or whatever for traditional investment and than get bitcoin with the rest of it. If you divide your investment into multiple sources of income than you will have safety net. If bitcoin goes x10? great. If it goes down? Too bad but you are still fine.
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