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8201  Economy / Economics / Re: BITCOIN IS NOT BUBBLE!! on: August 04, 2018, 10:10:53 AM
The ones who say this thing that bitcoin is a bubble are not fully aware of the nature of this bubble, it is very much different from rest of the bubbles as it has this capability of rising high even after going down. All you need to have is some good knowledge regarding the things which can then help you in thinking of a way which can help you in making maximum profit from this bubble.
I do not think anyone believe its a bubble aside from some people who have no economics knowledge and just talk on a FUD sense because they lost on getting in on early. Those people who call bitcoin a bubble also are the same people who keep saying "I wish I invested back when it was $100" or so. I have been in bitcoin world for over 5 years now and ever since I started I have seen many people calling bitcoin bubble and every time they call it a bubble bitcoin rebounds back and breaks the ATH levels. So not worry and just carry on.

At the beginning of the Internet, many people said that it was a bubble. Isn't this Internet a bad thing?
The term bubble is being used with the sense of "something is growing big without proper reason for its growth". If something is growing along with proper back-up, that is the actual growth which is just the opposite of bubble. Internet has proved its worth over time hence it is not a bubble.
8202  Economy / Economics / Re: Are we really heading towards another financial crisis? on: August 04, 2018, 07:35:07 AM
It all depends on what you call a crisis, are we going towards another financial crisis like 2008 ?
I doubt that, the financial world is a lot safer these days because they know that there will always be a crisis and they are smarter today than they were in 2008 because for the first time in history they got bailed out by the teeth of their profits and they really screwed up insanely so they can't really give out another problem like that.

They really needed this long bull run in order to fix everything but one more big crash and they will not have any money left to continue what they are doing right now, financial business' really want to make money for themselves before anyone else and another crash will destroy them so they will not risk their own pocket for the sake of making more money, they rather keep making decent money than risk their money.
8203  Other / Archival / Re: Do i need a license if i want to create a crypto gambling site? on: August 04, 2018, 06:41:01 AM
Depends on how you want to run with it. If you want a legit business you can't have a business with no licenses, however there are billions of websites in the world that has no licenses or even pays taxes, they work like that until they get caught which actually hurts even more than actually starting out legit.

Now this is just for regular websites that makes money on adsense or whatever, you are here telling us that you want to create a casino for crypto and you do not want to have a license, now those types of websites exists as well however they do not make any sense what so ever considering you are dealing with other peoples money and there is provably fair everywhere, you might as well get a license too so you can be an actual legit website.
8204  Economy / Gambling discussion / Re: 2019 NBA Pre-Season on: August 03, 2018, 04:58:56 PM
Embiid has always been a bit too much type of guy but unfortunately no matter how good he gets and how awesome he plays he will never be MVP levels of good. The game just evolved away from the big guy and there is no way it comes back thanks to embiid. Embiid is a great force down in the post but the game is just too quick to allow embiid to have the time he needs to play with the ball.

Shaq had that hakeem had that all the big greats had that, they didn't had the game fire too quickly in the shot clock. We need to see a way of changing the way sixers play and whole league needs to not adapt to what sixers are doing in order to even put Embiid on the discussion. Right now we had a russell westbrook who made a second tripple double season in a row that lost to james harden on mvp race. Winning mvp is that much hard.
8205  Economy / Trading Discussion / Re: What is the best exchange ? on: August 03, 2018, 04:24:10 PM
Best exchange kinda depends on what you want to do. If you want to just purchase bitcoin than your own local localbitcoin or exchange websites are the best options because it creates a great ease of use for you and makes it a lot faster and less stressful to get it. If you want to do daily trading and profit from buying and selling than binance has been great for everyone because it has great volume and it has a lot of coins which would mean decent options to trade daily.

Moreover, if you want to invest and just keep it there for future uses than having coinbase or even (I know it sounds silly) freebitco.in can actually be great. Coinbase because its one of the biggest out there and freebitco.in because it has %4 or so interest rate for keeping your coins there which is a first in bitcoin as far as I know.
8206  Economy / Trading Discussion / Re: Resources to learn crypto trading? on: August 03, 2018, 12:01:34 PM
So i was thinking to test if technical analysis and trading strategies could be profitable with crypto. I would of course test everything with "virtual funds" first then move on to the real markets.

My question is where do i find the most trustable and high quality resources to teach myself? Are there any free or payed courses online? Maybe youtube channels or blogs that specialize in crypto trading?
You are in one of the greatest places for that, bitcointalk has been as old as bitcoin and it has been providing with new information (good or bad quality) forever. I think you need to really memorize everything you read here, you can then go check reddit as well because that has a lot of promising information there as well and you can check cointelegraph for the coin of your choice or just learn whats new in the crypto world and so forth. However no matter how many places you check the biggest currently happening information will always be here, you need to check the topic of whatever you are interested and people will say whatever they think of it.
8207  Economy / Trading Discussion / Re: What do you think, will BTC again jump in December? on: August 03, 2018, 10:49:03 AM
I think, that will a BTC in next one or two months going down but, no so much, and then coming next jump. But this time, I think it will take longer and maybe will come also a new record resault. I will appreciate an expert comment.
It will be never known what bitcoin will do and when it will do it. Lets face it after all we have went against in bitcoin prices that in the end we are not really feeling anything when something happens. For example will you ever be surprised if bitcoin went to 5k tomorrow ? Or will you be really surprised if it went to $9k tomorrow ? We are talking about a difference of 100% change from $5k to $9k and yet both would be really possible for us and we wouldn't be even slighly shocked from that.

Yes, we would get really hyped and happy if it reached to $9k however we wouldn't be surprised. I think we need to calm our horses on trying to predict bitcoin prices for like 3-4 months later, thats not remotely possible.
8208  Alternate cryptocurrencies / Altcoin Discussion / Re: Have $10k to start gambling with altcoins. What the best way to start? on: August 03, 2018, 07:58:40 AM
Hey I'm new to that crypto game and wanna make some money  Grin

Have bought into BTC and have sent it to bitfinex now and wan't to start trading and investing later.

A friend of me who is in the game for while told me that almost all coins are crap and I should hold only BTC and maybe Monero but not now because prices are still too high.

I'm thinking now about to short Ripple, IOTA, Litecoin and Ethereum.

So my question is what is the most worthless shitcoin that make me the most money with shorting and how low can it go?
$10K is a big amount to "gamble" with altcoins, if you are interested in investment and what not I suggest you start with stocks first, stocks are a lot stable and they do not make you rich overnight but they are not "gambles" that you can lose your money right away, you will have a chance to win some small amounts or lose some small amounts but nothing major like we have in crypto world.

You can read some books that will teach you how to trade stocks from professional retired hedge fund managers that has done this for decades. As soon as you feel like you are ready for crypto because you have done well for yourself in stocks than you can try to research all coins you see and check out what does what and decide yourself.
8209  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not panic on: August 03, 2018, 06:46:25 AM
Recently I have observed that for every pump or increase in price of bitcoin, there is no corresponding increase in the price of altcoins

Even though this causes a lot of people to worry, it is best as it prepares altcoins for self dependence and it also limits manipulation of altcoins

Soon enough both bitcoin and altcoins will be non dependent on one another totally
This can't be said enough, you can see bitcoin going down a bit but we have seen it going up and down so much that just panicking on the first drop is really insane. Just wait it out, we had so many drops in the market that we are down insanely compared to December, either December was just too much to handle for us or we are just going thru one of the worst days of crypto world and I really really really do not believe crypto world can get any worse than this.

Yes, this is actually the rock bottom for crypto in total so we are staying in the best days of bitcoin purchasing (and all other coins), if you invest smartly on coins that you can actually trust than it will skyrocket when a proper bull run happens even if it doesn't reach all time high prices it can go a lot like x3 or x4 before it even reaches the all time high price.

I dislike the fact that we are so down however I enjoy the cheap coins to buy, just wish I had some more money to get into it a lot deeper.
8210  Economy / Gambling discussion / Re: Does this sound realistic? on: August 03, 2018, 06:16:42 AM
Maybe if there was some sort of limitations on gambling websites on how much of your bankroll you can lose on one day but that is just bad business practice, why wouldn't they allow you to gamble all your money away if you are not responsible, you are losing your money and they are taking that money as a business profit.

All the above, if you can create an imaginary limit and just gamble accordingly and leave when you lose certain amounts than you can actually have a shitty day but still leave with small amount lost. You can come back on next day and keep doing whatever it is you were doing and the results could be a lot better. In gambling nothing sound realistic as per when I was sharing few of my gambling moments, my friends have teased me back how that was possible. Similarly, only gamblers do feel the pain of all the gambling problems and for the outside people, they are just jokes and unrealistic.
8211  Economy / Gambling discussion / Re: Best crypto gambling for UFC MMA? on: August 03, 2018, 05:23:28 AM
When I checked last time, onehash provides mma fights at least I remember seeing connor mcgregor vs someone there. Sportsbet.io also provides mma if I remember correctly. These are truly one of the top notch bitcoin sports betting wbesites out there, you can't go wrong with selecting these websites. I like onehash a bit more over other websites because they do not give their own odds or anything, you basically bet against other people.

When I first played there I saw great amazing odds and played a game for a high odd and than when the game was over I went over to check what I got and I didn't see anything major, so of course as confused I went to talk and learned that you play against other people betting not against the house so odds change until the game starts, doesn't matter where you got in, it matters where the bet was closed.
8212  Economy / Economics / Re: Upcoming economic crisis - crypto safe haven like gold or not? on: August 02, 2018, 04:00:35 PM

There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?
It is because bitcoin is facing a valuation against dollar and not with it. For example when bitcoin falls down in price altcoins follow, thats correlation. However bitcoin is going against the dollar and not with it. So when dollar goes down that means bitcoin will go up because you bet against each other. That is why most people are bullish on gold and bitcoin, same idea.

If you invest in bitcoin for a long term in the end even if your purchasing power doesn't get better, the amount of dollar you get rises because when dollar gets devalued, bitcoin gets more valuable against it, so in 10 years bitcoin will most definitely be higher than this price however it is important to know how higher, will it affect our purchasing power or not.
8213  Economy / Economics / Re: To be or not to be. What to invest in? on: August 02, 2018, 01:41:34 PM
Even today the best options are still the big coins. Those big guns are here to stay and they will not go away anytime soon so we will have to check them out at first. No other investment options are not returning back as how crypto currencies are doing. If you calculate from bitcoins down in the beginning of 2015 to ending of 2017, I am sure no other options will match that ROI.

Coins like bitcoin, ethereum, litecoin, dash, ripple and coins that big, if you invest in stuff like that you may have some big swings because they do get affected a lot and prices drop or goes up really quickly and swings are high however they are the ones that will eventually go up as well, price will recover for these coins and they will increase in the long term investors so if you really want to invest in something, invest on the top coins.
8214  Economy / Trading Discussion / Re: Do you actually think major coins will be live in 2025? on: August 02, 2018, 12:23:31 PM
In my personal opinion only few coins like bitcoin, ethereum and few other coins will last that long, all other faster then bullet, partnership coins,and many other shitcoin will die. what you think?
I believe major coins that are in top 10 or so right now will be alive in 2125 let alone 2025, I am very bullish on the futures of the coins, now yes EOS and so forth might not be really around and might be overthrown by some other coin however coins that are also very old like bitcoin, ethereum, ripple, dash and litecoin will stay because these coins have been providing us with steady results ever since they came up years ago.

Specially bitcoin, it will never get old and it will never be outdone by any other coin, and its only 7 years or so away from 2025 so we are not that far away, it will be around and it will be really expensive compared to prices right now. Bitcoin will certainly make 2025 as one its another great year but not sure about most other coins which are living only due to hypes and not due to real world applications.
8215  Economy / Trading Discussion / Re: Simple Bitmex tool to check buy sell volume on: August 02, 2018, 11:53:19 AM
i found a good but simple tool to check bitmex buy and sell volume. This is visualization of Bitmex trades volume that separates sell from buy orders. This tool is only to determine realtime buy sell volume
https://yagowns.github.io/tugofwar
This looks great I wish it was not just for the moment you join but you could also check previous times as well, I would love to see some sort of like weekly or daily or at leas hourly results without having the website open at all times. However no matter what it is still better than nothing, ever since I opened the red has been ahead of the curve and beating green for a while now, I think this shows one of the reasons why the price is going down, the regular "there are more people selling than people who are willing to buy" which makes sense however we don't know why people are not buying. This is great but can be improved on as well, I think with improvements this can become a huge website in crypto space.
8216  Economy / Speculation / Re: Bitcoin price resilience on: August 02, 2018, 10:29:26 AM
Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.
It was going incredibly well and stayed up for too long.
I was honestly starting to believe that bitcoin will have a new rush of people getting in and altcoins will increase following and we would have a great bull run just because bitcoin prices stayed up for so long than one morning I wake up and BAM ! In the past bitcoin has ignored many such big factors and stayed strong and claimed up new peaks on its own.

I think its insane that bitcoin prices keeps plummeting one after the other whenever we get a bull run, not sure why this keeps happening almost all the time, people were bullish on the price as well and everyone was like me expecting good things to really happen on bitcoin but I suppose some rich people did not want that at all.
8217  Economy / Speculation / Re: Market has run down again on: August 02, 2018, 06:56:02 AM
Yes market down in month of july but now still stable.don't worry crypto markets always grow.
Not really. A drop in the value of only one coin in July market cannot be regarded as a drop in the market. Market runs down only when the coin looses its stability or the demand for a particular coin decreases.

Since the drop in the value of Bitcoin was recovered shortly after the fall was witnessed, we can say that the rising trend is more accelerated than the down trend. Moreover, the future of the crypto looks way too good because of the ever increasing demand.
I am not sure what caused it tho. I think the price is recovering a bit like you said and we can't just call it a return to bear market however we don't know what caused the drop at all. Hence we can't be sure what will happen next without knowing what happened before.

If the price goes down once again and than goes to $6k or what not we will just stay and watch like its some sort of horror movie. We need to figure out what causes this incredible drops so we can actually stop these from happening. We need to figure out who sells coins for what reason when these happens to actually participate before hand and get ready for these downs. However causes these sudden drops they do manage to keep it a secret for a good long time.
8218  Economy / Speculation / Re: Bitcoin Halving and price on: August 01, 2018, 04:16:30 PM
Here's an interesting price prediction that uses an approach based on the halving principle:

https://www.tradingview.com/chart/BLX/oKh54NhX-Bitcoin-Halving-and-Charting/

The Bitcoin network issues new coins every 10 minutes, but the amount issued is cut in half every 4 years. It started at 50, went to 25 in 2012, and is now at 12.5 new coins every 10 minutes.

This guy's prediction is based on that principle. He takes a logarithmic approach (which is why the chart looks different from what you usually see) and a statistical analysis (which I don't know much about)

What do you guys think?
One main thing we should not forget is the miners. Miners spend money on hardware and on electricity and on land and whatever else to mine bitcoins, which means it costs them some sort of money to actually mine those coins, when the halving happens miners will get a half the money they get and with an increased difficulty probably.

With increased difficulty and less bitcoins to mine you will see that miners will not sell their coins for cheap and put them at a high note, after bitcoin prices increase and reach the price miners are fine with selling than it will have hard time to go below that unless some whale gets them, even today when bitcoin goes down insanely it only goes down to miners break even prices, so we need to calculate how much it costs miners to get those coins when halving happens and we can be sure what the bottom is.
8219  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't bite more than you can chew on: August 01, 2018, 12:44:37 PM
This advice so general and foggy, so it is difficult not to agree with it Smiley
It is like: Lead a healthy lifestyle! Be positive! Don't kill your friends even if their jokes aren't funny! There are so many good advises, that they quite often contradict eachother. But as we already have this topic, I am going to add some from my side Smiley
Everyone before investing should create at least rough strategy and find yours comfortable level between risk and possible profit. Without it, it isn't investment, but just a gambling.
That has been said many times over around anywhere investment and gambling is talked.
Not just bitcoin, not just bitcointalk, not only about crypto, about EVERYTHING that involves making money. Because risk talking level should be under the control which means calculated and affordable (on the event of expected losses) risks are highly recommended.

You can invest what you can afford to lose, anything more than that and you are putting yourself in jeopardy. I have heard and read about people who buy bitcoin with their credit cards and even sell some stuff like their cars to get more money out of this "gold rush" of crypto price increases. Don't do stuff like that ever no matter what.
8220  Alternate cryptocurrencies / Altcoin Discussion / Re: why are you now joining cryptocurrency, where were you in 2009? on: August 01, 2018, 12:01:19 PM
Most of us here never believed cryptocurrency will come this far when btc was launched. We would have rubbished any idea to join cryptocurrency at that time.Now some of us are a bit late but we are still better off than those who will inevitably join some years to come.So we have generational thinkers,kudos to those who started the fight earlier and brought the industry this far.
I was in college and I have heard about it in 2009 from reddit if I am not wrong but I wasn't interested in it at the time because I did not know what I could do with it and saw it more like world of warcraft golds than real money.

Moreover, I did not consider the value behind it. I have joined in 2012-2013ish and even than I used it as a payment gateaway and just got paid and used that money in fiat. Never really even consider holding my coins until last year, I just spend what I get even if its 50 dollars or 5 thousand dollars, I am just like that. It results with horrible days in life like today but it also results in great days of life when you do crazy stuff.
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