Crypto is not just about profit. It's the new technological revolution. If we don't stand for it now, the world would go back many years. The faster the world embrace crypto, the sooner would we move to a better world.
I do agree with this but also the price for Bitcoin, ETH anything really is reliant on US dollar and perceptions that also go with that. What can appear as weakness in the price can also relate to flows in the dollar between nations of the world, the Dollar index has recovered some this year in 2018 where in 2017 it mostly fell almost as a certain trend the whole year. That recovery for US dollar is seen as lower pricing and possibly also demand in usage of BTC. Longer term I do think the dollar index will continually fall until they solve a budget deficit and are able to tackle their long term debt overhang on the economy. Crypto is not likely to be reversed to nothing as almost every participant acknowledges, however some think the technology can be centralised and controlled by one entity with value dictated rather then a free market with decentralised processing. The price variation is partly on confidence which protocol will do best but also about development still ongoing by those competing for the market revenue I think. I would advise not to wait for a bottom price or a top price, spread out your buys and sells so you can last the distance like a marathon. The factors to success are far beyond us as individuals, past the horizon we see and so we must last till this whole process of change is clearer to far more people then just us on the forum discussing hopes and dreams ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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A state-run cryptocurrency goes against the very principles of why cryptocurrency was developed in the first place. It doesnt have to be that way really, the government could launch but not force the standard to be centralised. We didnt used to have this modern banking setup of national banks which dictate all the others, it used to be that each region would have a separate bank with its reserves and security to it, even separate interest rates I believe. That forced competition between the banks for customer deposits and helped keep the money in favour of the public I agree Petro does not seem to be this decentralised standard however it could do some good still I believe. If it opens the country even a little to the idea that this free exchange of crypto can be a positive force in an economy helping to facilitate business and trade to the benefit of society then it could achieve some positive even if unintended
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Im interested in the switch over for Ethereum, I did think it would be this year actually because of the costs of running the POW network. ETH is not a cheap coin to send and use and thats a bit of a negative for it in comparison and growth also. Do you have a source for the conversion being delayed, ETH would really shine a big spotlight on all POS coins I think. It would lend alot of credibility to have one of the biggest networks now using a different confirmation protocol to Bitcoin that is far less costly. Too bad if its going to be 2019 instead
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It won't happen.
Smartphone for bitcoin mining? you are just destroying your phone.
Smartphone as digital wallet, you can simply download an app / wallet and that's how you make it as your wallet.
I dont know about destroy but the power consumption would be far too much to justify. Also heat, alot of these phones cannot handle the heat they producing if used 100% every hour. However its not impossible in some alternative way like proof of stake would be possible. Its not encouraged to do so for staking because to carry around your asset worth on a phone would be fool hardy and make that person a target. The POW reason is that mobile phones are just not that efficient vs normal circuits which can be cooled and stressed to a greater limit. The biggest thing about a mobile phone always is its unplugged mobility and communication and I agree that is a great asset that could be used in a network. Its most commonly used in social networks only informally but I dont think its impossible to have some security improvement occur from distributed mobile users
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Taxation is theft. Period.
Its redistribution and some say the first step to socialisation of a society. People dont agree to pay taxes, its part of the burden they bare on birth really. USA by the numbers is the poorest nation to have ever existed, every citizen owes $70,000 in US treasury debt from the moment they are born till they die. Other nations you can at least start off at zero but here the continual taxation is required to balance the debt; its not optional ! Even a baby pays taxes if you include the sales tax and tariffs levied on the goods they require to live. Thats the sadest thing about taxes, its often quite unfair in its burden on the poorest people who are least able to avoid it. A very rich person will not receive their income directly, the rich person will own the company that pays the taxes. The company will be able to schedule its taxes over 6 years and balance losses against profits and so in sum total pay nothing quite often. yet the rich person as owner of the company will be able to benefit from its ongoing balance sheet however that is arranged. The fairest tax is not to deny all money to the state but only allow the luxury goods to have a sales tax on them. In this way your average Porsche owner is voltunteering to pay his government budget for that year with a 20% or 30% tax on his luxury sports car. He gets to feel special and drive a mostly useless fast car in city traffic and society benefits from his wealth and the whole nation is better off. Taxing babies or the poorest people on items such as heating or food and clothes is the way in which the poor are restricted disproportionately.
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I dont mind using one of animated avatars even with a tag for yourself. I often play online with a few types like web hosts / server admin who might be interested possibly. I'll stick it in my profile elsewhere, just need it to be reasonably small file size and like 120x120 or 100x100 format and I should be able to use it a few different places and if anyone asks I can send them your way.
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Any POS project that has survived the bear market is a good coin to invest imo.
There are quite a few lesser known coins, I would argue 'best' is also about price and that unknown gem vs its potential to grow in the market. I know ENRG is organising energy contracts to allow a more efficient transfer of clean recyable type energy production and consumption between users and producers in a free market. There is a carbon tax in Europe where this coin is being developed but to some extent the idea is applicable all over the world and POS networks generally are more distributed then POW because of its low cost threshold. I'm not sure if this fiscal year into 2019 could be the start of something for POS based blockchains in having such a large efficiency and cost advantage over POW. I dont believe many people are hedged ready for the idea that POS is alot less of a burden to its blockchain users in terms of its cost, while also retaining the same decentralised security. Even if all people do is realise this benefit and hold 5% of their crypto in POS coins it would surely boost many of these small capitalised markets many times over. People talk about surviving the bear market but POS is very lean and mean and able to do this many times over. This could be making of its sucess imo
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I thought that was the whole deal with the futures based ETF that it could have a better chance then this winklevoss ETF which is old news by now. I'm not sure just that decision is an impact on the market exactly. Its out of the channel at the moment though and taking a negative view but still within a bullish move I think 7725 would be the target downside for it being significant news to produce some selling. It should already be anticipated and not significant imo but its a measure of strength also I don’t consider a one-off pilot transaction for a nominal amount as major. Let’s see if we get some adoption.
Maybe its major in potential and he is declaring the fact it even took place as the first footstep, hence major but yea it has to be a regular event and useful to those companies as a tool. Then its Major ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Any idea BTC could be within the range of traffic conducted by commerce daily is fairly big if it were to happen. However its got a long way to go as the SEC says, still small on the world stage The SEC noted that more than three-fourths of the volume in bitcoin occurs outside the United States, and that 95 percent of the volume occurred on non-U.S. exchanges.
The bid-ask spreads varied widely across exchanges, the SEC said. The volume in bitcoin futures markets are small: 20 percent the volume of platinum, and 2.5 percent that of silver.
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FOU5wi4u.png&t=663&c=rtaeJLtyqkDmJw) Im looking to sell a steam account with many games attached, I've been approached by a buyer who wants the URL only hence this thread. I'm willing to transact just the URL on a non hassle transaction basis via bitcoin of course.I will list the games available on the account later, they include PubG and CSGO which is many years old and MG rank. Let me know if interested. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Please check my trust for sales history with steam account I've sold the URL for the account separately as buyer is an extremely high steam level and just wants to add that to his collection The games library for this account is quite massive but the main ones I play are CSGO and PubG. I'm not bad at CSGO but PubG I'm awful at so far though its a very good game, I might also be selling my graphics card later and it requires at least a half decent card, say a nvidia 960 or better would be ok I think. I've sold a steam account before on this forum previously for GTA 4 in that case with additional games listed but this time I have included in the library far more games for people to play. Please take a look and decide if this suits your shopping list. Let me know any questions or requests for details. This is of course a STEAM account for the service provision of these games in full, nothing is a demo its all the full games playable. Asking price is 0.0055 BTC ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FrY9E12J.jpg&t=663&c=8aOfTEZ-np_Znw)
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I am curious to know if someone continually invested a lot of time in studying a game involved in gambling, further if he had played the game a lot to understand the intricacies involved, then can we call him an expert in that gambling game? If we do call him an expert then we clearly differentiate his experience and expertise from that of a novice. This clearly shows that the person is capable of winning more as an expert than the novice who really does not have the in-depth understanding of the play.
Sports bets and gambling in Poker would appear to be linked to a buildup on experience and studying patterns to wins. Better knowledge of the odds then the bookies can set themself can occur possibly, this is the dream scenario for those who build up a vast knowledge of an entire sports league. I really support anyone who knows their stuff when betting like this, size doesnt matter it becomes a personal battle of your skill vs the wider perception of strength of both teams. Poker also is between players with the more the experienced veterans recognising types of players I think, though I dont play it as much as I wish. One day I'll have the team to enjoy it more hopefully ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I made a rash bet like that once but also I had a sidebet to hedge however I was tired and got my numbers wrong. The main bet was too large and my sidebet didnt really compensate for the my mistaken confidence in that particular sporting team winning. Which is unfair as they had only just won a great match and somehow they messed up the next one which I still dont know how.
However the joke after that was that was the main bet firm actually went broke and disappeared with my account so wiping it out and winning elsewhere on a sidebet was the best outcome though I didnt realise at the time. I withdrew my sidebet winnings in bitcoin and because bitcoin went up alot I have no regrets though at the time it was my worst loss!
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'Bitcoin with value of 100,000 euros inevitable' Yesterday, 4:30 PM in NEWS
The bitcoin will get a value of one tonne. That says Mike Hutting, owner of BTC Direct, in the weekly crypto update. Although there is also another, slightly less positive scenario possible for the Bitcoin. People say things like this for gold or silver or any commodity (lithium? whatever) but the main problem is the price moves like that because of its measurement in Euros or dollars often. Gold will goto $10,000 per troy ounce but I've no idea how much it will buy at that point it may even be less then now though imo Im bullish on a variety of alternatives to political currency. ECB has run out of bonds to buy for their Quantitative easing program, thats a horrifying extreme they have reached in monetary policy where they control entire markets as the sole determiner of value and price. Its nothing close to capitalism then and we cant really rely on accurate pricing via Euro or Dollar long term. It'd better to go on living costs, like the BigMac index if you ever heard of that one for the pricing globally of a standard burger and how that varies and every country has its variation with USA seeing the cheapest cost I think. Over time I imagine the world changes to some other bias though USA does have growth, where as parts of Europe and Japan have negative demographics, falling working population and China has this problem also after halting their family sizes to 1 child for almost 40 years which certainly strains natural growth. Bitcoin pricing remains bullish, within a channel upwards. Target is roughly 8400 but as every low and pullback is higher priced then the last its not seemingly negative at all right now
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I think finding the bottom was about seller exhaustion and reseting all the people who had hoped for an easy quick game and as a mirror of that were also willing to dump it on the way down having failed in that objective. After a while the supply left is just the more longer term holders who are more widely distributed, patient and willing to wait on any price the market throws out there.
Or from a purely numbers look, this area was very viable for a turnaround as far closer to an average for the past year. We have the 200 day moving average in this area now and we are on the underside so I would think we have to do battle with that measure before being especially bullish. Just out running a negative trend is good for price recovery but long term alot markets look at this 200 day price for a sign of the likely direction.
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I was just reading on this from an interesting twitter link posted in another thread. It will not be decided in the short term, there is a number of ETF being considered but the main ETF in contention is apparently a Futures based ETF and this will not be decided ultimately till end of Feb in 2019. So theres a while yet for speculation on the viability of this avenue. Regardless of that its always going to be more important for Bitcoin population and usage to be rising, all this speculation and exchange hopping about on price is just a side show. I hope the utility of Bitcoin is going to become more widespread really and it continue to be refined for greater usability https://twitter.com/jchervinskyhttps://twitter.com/gaborgurbacshttps://twitter.com/fintechfrank
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Great info on the ETF process, that guy sounds like a real asset to everyone in crypto. Though I guess this was already obvious to some, he explains it well ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fyo1U2Xo.png&t=663&c=FXaXApA0M8evxw) Worth pointing out: 1. VanEck was first to file for a futures based ETF. So maybe its more viable being based on futures which has its own regulation and I think increases margin requirements based on volatility. I've held ETF based on futures before, because really holding a warehouse of corn or whatever even for investment companies is not viable so thats a normal avenue. However I was also told it was a product for advanced investors only and I was restricted from basic access to Futures based ETF which could be how BTC ETF is labelled. Sure, that's fine in theory. But I can't imagine the SEC will approve the first ever bitcoin ETF without taking all the time allowed by law.
Sorry. Get ready to wait. I would expect them to just deny it early if anything but its normal for them to use all time up apparently. 8594 is the 200 day moving average overhead, I didnt realise we had come so close to it now. 50 DMA is rising and also short term we are in an ascending channel. I guess the market will recognise and pay most attention the 200 DMA and we'll react to the price. Passing it would be very bullish but I dont think we'll do that at first glance, however we are more positive now then I had thought would be the case https://i.imgur.com/0XBB3VB.jpghttps://twitter.com/gaborgurbacs
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A country of just 4 million people winning the world cup? That would have been historic... BTW.... around 20% of the world population reside in my country and we were not able to qualify for the tournament. On the other hand, Iceland (with a population of just 300,000) managed to qualify.
How did Iceland do that, its not even the size of a large city in population so they must have some amazing strategy or training in place there. Or was it purely lucky and poor performance by the opponents along the way ?
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it is best to live in Switzerland, they say that there is the highest standard of living.
Switzerland is famous for its strong currency and city state government. Basically that means their government is limited in its size and spending, excess taxes are actually returned to the citizens not spent as a bonus. They have no nominated capital, I think that probably says alot. I'm trying to think of another country as decentralised as this ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) They also have a better economy then many places and export alot which goes back to that strong currency and the ability to live as you wish as the nation is not in debt or bound in favour to others. Strong exports = good living standards at an accessible cost to the population. Apparently this was true of USA decades back and coincidentally USA was the worlds largest exporter at that time
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I like the idea of a self contained regulating contracted game but thats too high a fee, both charity and dev fee should be more like 1% each. Actually this would likely raise more money for both as it will increase the likelihood of popularity and success long term. And or as this is a game that might get alot of views, it might be tied to advertising in some way as a way to subsidise proceeds or reduce this dev fee https://dappvolume.com/dapp/566/the-button
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We dont want it to move like a rocket, its more volatile when moving fast in either direction and that rapid change is actually a source of instability and can cause reduction in usage. We actually want a steady progression or stabilisation of Bitcoin pricing so that many companies and users can plan their ongoing usage. The greater the population and regulars users of Bitcoin then the stronger the framework that takes it higher. Getting to the moon is expensive, I would rather we just build a great bridge and its a very usable thing far into the future ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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It seems to me that gold is kept by those who are afraid of mastering new technologies. It is better to invest in bitcoin and other promising coins to get more profit.
Thats not quite how it works, gold is a hedge. Think of gold as an anchor, its not intended to be an entire holding but it has a great use in providing balance in range of assets held as wealth. Gold is not productive capital, it is purely just an inert deposit of value that has held in demand for hundreds of generations of people. Like Buffet would say stick to the classic products the price of gold rises every year, it is because of the higher demand and fewer resources. the amount of gold on earth is limited. whereas bitcoin although the amount is limited, but bitcoin fluctuates! the price may change at any time, and can not be predicted. I think that's it.
Demand for gold rises in line with world population growth and the supply for gold also is increasing because it is related to mining technology and efficiency which has improved greatly in the last century. Looking at all the gold mined in history, most of it came from supply found in the last hundred years. I dont rely on gold being a limited resource but its outpacing world growth so in effect its very steady as a market. Bitcoin has no supply growth, its deflationary because supply is dropping as the protocol progresses. The only future supply of bitcoin will be the holders of yesterday. So these two markets have different dynamics
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