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8781  Economy / Speculation / Re: Final pump before full capitulation? on: December 21, 2018, 10:05:41 AM
I'm also inclined to think that this is just pure manipulation at play and no real movement from the bulls are happening. We can go sub-$3000 for all we know just like how we went to $3100 from a $4000 footing just a few weeks ago. As for BITMAIN, they're just doing their thing to stay afloat and relevant amid the blows it took when the price crashwd hard. You got to keep a headstrong mindset if you want to bounce back, and going IPO is the way to go, at least for them.
8782  Economy / Exchanges / Re: Coinbase rewarding users in 0x coins for reading educational content on: December 20, 2018, 09:47:45 PM
the way i see it. if new to crypto they pull you in with "lessons that pay" but require you to signup to their 'pro' exchange to claim the prize

I am still surprised no one has come up with a good educational site.

There were quite a few good educational sites back in 2014 that I happened to frequent on and one of them is CoinLearn. I don't know if it still exists but on that site, you get to chat with other 'learners' discussing things about bitcoin and crypto in general while also being rewarded just for being active. For me, you don't really have to pay for these lessons, or seek for 'lessons that pay' if you really want to know about crypto. A simple research IMO is already sufficient to enrich one's knowledge without the false promise of getting something in return. These promotions are just like free trials that asks for your credit card that will bill you once the free trial is expired.
8783  Economy / Trading Discussion / Re: [VIDEO] $174 mil dollars entered crypto in last month via stable coins on: December 20, 2018, 08:11:33 PM
Buying in to the crypto market using stablecoins is one thing, but apparently more and more money is flowing into crypto via OTC trading, and that's what's more interesting. $174-M is a small amount on the grander scheme of things, especially in a $100-B market cap of cryptocurrencies, but that doesn't mean it won't make any difference. People who want to stay safe whilst diving into the world of cryptocurrencies would look at stablecoins, and these coins might be the tools that could potentially trigger another bull run and at the same time, a catalyst for a massive crash should something 'fishy' happens in the future (hacks and the likes).
8784  Bitcoin / Bitcoin Discussion / Re: IF you were/are living on BTC/Crypto. Is buying mining equipment dead? Take Poll on: December 20, 2018, 06:53:36 PM
Knowing myself to be an unenthusiastic lad about maintaining a lot of hardware I know little about, I wouldn't buy ASICs to earn more bitcoin. Aside from that, seeing that the heydays of mining has long been gone, it's very difficult to risk the money into buying equipment unless you're a huge miner who has deep pockets and would be able to run hundreds of these little babies. I'd love to get me a couple of S9s, but knowing that these machines are power hungry--and the power rates here are extremely high, sometimes reaching $0.25 depending on where you live--it's not an option to make money off of them. GPU farms are better, but then again the altcoin market is unstable and would easily crumble with just a few movements from sharks.

So tl;dr: I wouldn't risk it, and just keep the BTC, thank you.
8785  Bitcoin / Bitcoin Discussion / Re: Mike Novogratz: “Bitcoin is unlikely to fall even lower” on: December 20, 2018, 06:00:40 PM
I wouldn't be trusting Novogratz for my positions any longer, knowing that the guy have predicted and called several things that did not went well (remarkable one was bitcoin isn't going anywhere but up). Like any other predictions, his is not hitting the right targets, and if some of them did, it's obviously just a lucky strike but nothing out of the ordinary. He's just like the regular guys like us, trying to guess what sort of movement would bitcoin get next and hoping that each guesses hits the right movement.
8786  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin - are we hitting the highest value? on: December 20, 2018, 05:10:16 PM
I've been a holder of dogecoin since 2014, the year when Josh Wise bore the name on his NASCAR run. Prior to that, price has seen 150> satoshi due to a pump, so no, this is not dogecoin hitting its highest value in 2018. A small bump in bitcoin would also cause some bumps on other crypto as well, so I would not be enthusiastic and ecstatic for some percent gain on my beloved alt. Also, I don't hear any more developments and projects going on for dogecoin so it's hard to really relate the price bump to anything doge-related.
8787  Bitcoin / Bitcoin Discussion / Re: China's plan to sideline bitcoin on: December 20, 2018, 04:26:56 PM
If they have the great firewall implemented when the internet was booming, they can also have their own coin to control and monitor people's spending! Strict domestic policies on China have helped the nation progress to where it is right now. Not that I'm a supporter of such but whatever works for them is good, albeit somewhat disregarding their own citizen's opinion regarding the matter. This, I think, would just be another version of a stablecoin but backed by the government's own fiat. A centralized coin is a no-no for me, but if it works for China, then good for them.
8788  Economy / Speculation / Re: ichimoku cloud says 3100$ is the cheapest bitcoin will ever be on: December 20, 2018, 03:45:53 PM
While the patterns seem to indicate a sign of growth, I'm still not buying it, or at least I'm not convinced that we're already out of the bear market. It needs more than just breaking the current resistance IMO, though there had been a lot of shorts that had been closed in the past 2 days of trading. Even then I'm still expecting yet another crash before a sideways movement for the rest of 2019, with a potential bull run starting by 2020, and until then these picture are just projections and assumptions.
8789  Economy / Economics / Re: Canada warns its citizens to only buy marijuana with cash on: December 20, 2018, 03:11:37 PM
Considering how many issues have surfaced regarding companies selling private data of their customers, I'm not surprised that Canada has issued a warning to its citizens. Not that the world is still against marijuana or anything, but then again it could be one of the grounds that a citizen might not enter another country's territory or be framed-up for cases involving 'illegal drugs'. Bitcoin and crypto could shine on this particular area and might cause another push on the price should 'potheads' unite and use bitcoin/crypto for their transactions.
8790  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Blockchain and the dream of new money on: December 20, 2018, 02:09:28 PM
Great video, and it's not really those same videos overly-praising bitcoin for things it cannot solve, or things that aren't really done by bitcoin. More importantly, this tackles things that are really pushed by bitcoin to be changed e.g. how people handle money and how cheap, secure and fast money transfers can be. The video also tackled scams and things that falls within the same line, which I think is good since the public also needs to be educated with the potential dangers looming within the bitcoin ecosystem.

Thanks for the share. The documentary is very transparent albeit some lack of information, but then again this is not a technical documentary but rather just a brief sneak-peek into bitcoin and its strengths, alongside its weakness.
8791  Economy / Economics / Re: Global Debt Hits $184 Trillion and 11.4% of it is From the US: Big Bubble? on: December 20, 2018, 01:17:52 PM
As long as the bankers keep on printing money and the government keeps on approving them, the global debt will hit higher numbers and would just implode from within. Idk why this system is allowing to produce more debt when nothing is ever being repaid and the government just allows printing more money to cover up for the blunders along the way. The Fed had shifted its interest rates higher recently but I don't think it's sufficient to prevent the implosion from happening that would mark yet another recession.
8792  Bitcoin / Bitcoin Discussion / Re: Canadian Privacy Use Bitcoin to buy Cannabis on: December 20, 2018, 12:04:38 PM
On the CBC news this morning there was a story about protecting your privacy when buying Cannabis from retailers. Using a credit card may impact travel plans. The best obvious option would be that retailers and online retailers accept Bitcoin to protect buyers privacy.

Canada is a known country which is friendly for cannabis users, but yeah, I don't think other countries would be too welcoming to Canadians who may have had taken their hits at the bong prior to visiting their own land. Idk how other countries would do the background checks specially on card transactions but I guess it's better to be safe than sorry.

Funny thing is if government run online retailers accept Bitcoin to sell cannabis, are they the new Silk Road?

If it's legal on their own country, why would it be the new Silk Road? Also, it would be highly improbable for the government to create their own retail of cannabis using bitcoin as they would be under hot water once other media outlets found out about this, but it's never impossible. Roll Eyes
8793  Economy / Economics / Re: Fake Crypto News Of The Day: "Why Neo-Nazis Love Bitcoin" on: December 20, 2018, 10:13:11 AM
Lol, they are trying so hard to connect bitcoin to extremist groups, and to think that the anarchist and libertarian mindset of most bitcoiners are linked to neo-nazis is plain stupid and wrong. What do they know about bitcoin, or what do they even know about these ideologies? Anything that doesn't go within their society's norms, or anyone that deviates from the current societal standards are tagged negatively which, to me, doesn't sound fair at all.

Quote from: The Guardian
But extremists view the decentralised, deregulated currency as more than a means to make money. “It’s also a political statement,” believes John Bambenek, an American cybersecurity expert who built a neo-Nazi bitcoin transactions tracker. “If you believe the banks are part of the Jewish world conspiracy nonsense, well, then there are only two ways to make financial transactions: it’s either cash or it’s bitcoin.”

So if bankers are Jewish, does that mean that anyone who does not use cash are neo-nazis? Nice analogy and great thinking.
8794  Economy / Speculation / Re: This Huge Price Increase on: December 19, 2018, 08:33:55 PM
I am not buying this recent rise too, knowing that many have been lured just a few weeks ago when the price climbed back to $4000 only to lose its footing and slid back to $3200. Good thing I haven't bought anything in the past few days though I'm somewhat amazed that the price has gone up for a few days now, knowing that a lot of people could already be on their vacations and no one would be trading during the holidays. If this continues up until the end of the year, we now know that 2019 would be a blast given the number of lined up launches and expected activities for the said year, but I'm not calling it done yet.
8795  Bitcoin / Bitcoin Discussion / Re: What Approach Will The US Use To Stop Evasion of Sanctions? on: December 19, 2018, 07:48:11 PM
The US is trying so hard to constrict the growth and the movement of money on Iran. This is not about sanctions anymore but outright bullying on the US' part. Good thing though cryptocurrencies are there to at least help the innocent Iranians do something for their own which requires outside trades from their countries. Shifting to a blockchain-based currency isn't a guarantee that something will work for Iran, but it's a good option. After all, Venezuela is a prime example of how the normal citizens cope with everyday life using bitcoins albeit the continuous pursuits of the government to shove petromoneda on the asses of its citizens.
8796  Bitcoin / Bitcoin Discussion / Re: Belarus Implementing Complete Cryptocurrency Regulation on: December 19, 2018, 07:05:53 PM
From what I gathered, Belarus would be a free-for-all cryptohub in which services and organizations from any nation can come to and start their own crypto-related business. This will drastically boost up the interest from foreign players if their tax policies aren't that aggressive and it would surely drive the economy of Belarus forward. I wonder how many foreign players would want to come to Belarus to take advantage of this crypto-friendly policies on their HTP as there are many services and exchanges that are offshoring some of their offices and headquarters due to unfavorable operating conditions from a certain country.
8797  Economy / Speculation / Re: The bear market is over on: December 19, 2018, 06:03:56 PM
Too soon to call it over as we don't even get a solid footing on where we're at right now. The rise can be over within a few days similar to what happen on 3rd or 4th of November so I wouldn't really bank on this rise as a reversal on the current market trend. Bulls aren't that strong yet to make another push or breakout albeit the fact that some shorts are already out from the order books. I would put it as a normal volatility movement and not really thinking that this is something special.
8798  Bitcoin / Bitcoin Discussion / Re: Using bitcoin without internet on: December 19, 2018, 04:28:27 PM
https://bitcoinist.com/blockstream-satellite-bitcoin-no-internet/

Kinda like telemetry, I think, but this one processes more data and has more capacity compared to its predecessors. This is really an excellent news considering that there are still some parts of the world in which internet access is prohibited or not that reliable and stable. This could potentially change the game for the mining industry and travelers should they find themselves in a remote area that accepts bitcoins (this could happen) and without cash but only bitcoins on hand. As the article states, one only needs a USB device and a receiver to relay transactions and receive data from the satellite, and I just hope that it's not that expensive so as to really help change the shape of sending money wherever you are, literally.
8799  Bitcoin / Bitcoin Discussion / Re: REASON FOR MARKET RECOVERY on: December 19, 2018, 03:41:40 PM
I don't believe and see this as a full-blown market recovery but rather a simple uptrend that's normal every now and then. We have had a similar run back to $4000 just a week or two ago and we climbed back down to $3200 after the short stint. It's great that the $3700 resistance was broken but apparently the push is now losing steam and is going down back to $3600. We need more from the bulls before we can call this a market recovery, but until then this is just a normal fluctuation.
8800  Bitcoin / Bitcoin Discussion / Re: Blockchain and Healthcare: Use Cases Today and Opportunities for the Future on: December 19, 2018, 03:15:36 PM
This has surfaced for a few months now, and I'm quite surprised that they are considering blockchain to handle such data. Doctor - patient confidentiality is one of my questions regarding this idea of employing the blockchain technology on handling medical records. This can get quite tricky since you might need to employ a few layers of protection before you can access a patient's records, and a simple database could do the trick without having to confuse people working with the data. Let's see how would the engineers change things for the benefit of the people, as I still have doubts on how would this work in real-life scenarios, especially handling healthcare data.
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