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8981  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [GNT] Golem Speculation on: October 12, 2018, 10:27:27 AM
Sideways after a decline is often a good call.   Before .000045 near term there is possibly some resistance looking further back to spring, at .0000268



short term that is where its topped for this moment, have to see how it develops vs that speed bump

8982  Economy / Economics / Re: Alternative currency ( paper money ) on: October 12, 2018, 09:35:13 AM
Its mostly seen as illegal to use undefined or self issued currency not minted by the government of that nation.   I've heard of a few cases where people just turn out plain metal discs and have gotten into trouble because it was seen as a kind of counterfeiting operation that undermined the tax regime.

If you want to use currency outside of your own countries, its better to take up the established currency of a sovereign nation.    In some cases you can hold a gold or silver coin that is still widely traded and accepted as valid.     I realise some will argue its perfectly fine in theory but in practise it raises eyebrows and some alarm.    Just carrying around large amounts of cash can cause forfeiture for example which is not exactly fair but common as an offfence because of the drugs trade unfortunately
8983  Economy / Gambling discussion / Re: What is better in poker: bluffing or playing only with good cards? on: October 12, 2018, 09:30:56 AM
Im not sure a profit occurs so often without bluffing some and of course you dont know the oppositions cards so theres always going to be guessing as to if the position is strong enough anyway.   Isnt it always the case that your good cards is only relative to the other players, so its impossible to judge precisely.
8984  Economy / Economics / Re: Why Cryptocurrency threatens governments on: October 12, 2018, 09:22:36 AM
It could be argued everything is a possible threat to government because not everyone votes or supports what a government of a country stands for.     The base line is the government power only comes from support of the people.   If a standard or utility is derived from this technology that benefits the people then its fair to assume that support and benefit will be passed on for support of the government which allows and encourages that technology.

I really have to disagree then for most advanced progressive countries they look towards technology as something which creates wealth for their citizens and enables a work saving economy beneficial to all.   The majority of governments do not see crypto as a threat even in USA where I expected opposition as they required the financing of dollars to service debt, most in politics seem to realise crypto is very popular with the people and not a threat overall.     The bad press mostly comes from just general apprehension of change I believe
8985  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: October 12, 2018, 09:16:10 AM
Yet, you do not have any problem taking the money that was suppose to go to people using the faucet?
NEWS FLASH:  Freebitco IS NOT A FAUCET SITE.  It's a casino.  Faucet sites do not let you LOSE your faucet earnings, 
It qualifies as both, theres no obligation to gamble the faucet proceeds.     Also this logic is flawed from presuming the loss when it could easily result in a win.     This site has been running for so long its hard to criticise when you could have used it every day and kept the proceeds for all this time and withdrawn or accumulated interest even.   I dont think its a negative they do more then one thing and the gambling is why they are able to continue running the faucet for so long, it must be one of the longest running faucets out there.
8986  Economy / Economics / Re: Is Bitcoin preparing us for the fourth Industrial revolution? on: October 12, 2018, 09:12:00 AM
We are gradually moving to the fourth industrial revolution era where three super internets converge with a digitalized window renewable energy internet and a digitalized automated GPS and soon driverless road, rail, water, and air all ride on a platform called the Internet of Things. I think without bitcoin (Cryptocurrency) the actualization of the fourth industrial revolution would be incomplete? Guys, what do you think?



Its long been speculated we cannot rely on a currency based in just one country which is the current system with most global trade done in dollars.    Bitcoin or some online secure standard is very likely to be part of what takes part of the business done worldwide though I also think we see normal FIAT national currency based in asia partly and also some return to use of gold backed value exchange.
8987  Economy / Economics / Re: The US dollar is gaining strength on: October 12, 2018, 09:06:33 AM
The US dollar is undermined long term by trade and fiscal deficit.    The strength of the dollar relates to rising rates right now but long term its easily observable at the top end of its range



The reason I do not expect strong dollar long term is that so much of the US treasury debt is financed short term not long term.   This means raising rates increases the government debt costs on every rise short term.   There is no surplus currently which would be required to undo this effect, I believe it would cause significant upset to reduce budget spending at this point.   The most likely outcome is a dollar weakened by excess supply to service that long term debt.

This in turn raises the prices for many assets and likely means BTC does not face the apparent headwind its had for much of 2017
8988  Economy / Speculation / Re: 2014 vs 2018 on: October 12, 2018, 08:40:09 AM
How can crypto go back to the good days? I fear it's only going to get worse from here, and what made crypto cool is gone forever. Wtf is the value in it now with no anonymity, no way to transfer it freely around exchanges, no volatility opportunity to increase wealth, US citizens being locked out - I think this scene is dead man walking.

No thats not really the case, the base protocol is improved if anything.    I was trading around 2014 just the same and the failure of a major exchange at that time seemed more negative then now, again it was not a failing of the protocol.
Peer to peer the crypto space remains just as able as previous years.   Centralised sites of trading is always its own risk and benefits but not a description of overall sucess or usage for BTC.   

Another point most important is that USA is not BTC, this is only one country and to me BTC was always about the billions around the world who especially do not benefit from the current banking system.    The attractions for someone in the west who can transfer instantly was always more questionable but a cheap to use network in many other countries is often not there and BTC continues to have a good base case for usage
8989  Economy / Speculation / Re: This is the big crash of 2018. on: October 12, 2018, 08:34:49 AM
The bitcoin market moving in line with stock market sell offs does not make much sense as they are totally two different asset types and not related.   The only section of that could make sense is if you examine the relationship to dollar and realise that Bitcoin price is mostly observed and traded relative to the dollar currency.    
Recently we have had a rising Dollar index and the common perception is that dollar will continue to be strong with a Federal reserve raising rates, the objection I have to this scenario is that inflation is rising and so the interest rates are purely in line not counteracting that depreciation of dollar worth.

We do not have a strong dollar and long term its very unlikely as debt is payable largely at this moving interest base rate.     Most likely is continued inflation and lagging rates which do not compensate.    So if dollar is not strong there is not especially a good headwind to either stocks or Bitcoin.

Whats most likely is that Bonds fixed at various rates of return begin to reduce in price, which means a capital outflow from that asset class. Bitcoin could easily benefit from this future liquidity as it has no fix to US dollar and is a globally traded asset not tied to any one economy or fiscal regime like US dollar treasuries
8990  Economy / Speculation / Re: This is the big crash of 2018. on: October 12, 2018, 08:06:07 AM
Thats a very long term chart just based on the presumption of a continued increase to supply:demand ratio (halvening etc.)which has roughly worked so far but cant be assumed always.   Just going on that we're below the curve and so arguably in an area to buy rather then sell overall but thats alot of confidence required to think we'll always respect that trend long term.  Also we've stayed a year or more underneath that curve previously, not everyone can hold their breath that long
8991  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO on: October 12, 2018, 07:53:26 AM
The problem with alot of the networks even these newer ones is their overall cost of operation and confirmation.   If the cost to process everyday is too high then you start to exclude the widest population, the most casual users of that crypto that might otherwise hold a bit of your coin.    Since we got many billions in the world who have zero direct interest in crypto but might get involved if it was seen as useful online as a type of payment or value exchange, I think thats a big deal.   Just being popular today with speculators I dont rate so much as they will just move on, I much prefer if its possible able to include everyone to some extent.

8992  Economy / Speculation / Re: This is the big crash of 2018. on: October 12, 2018, 06:45:19 AM
This a normal move for what has already happened in 2018, its not doing anything new in this break.   Some are even optimistic on a better recovery from support here, like the the price I'm pretty neutral on that recovery and not expecting anything till we turn the moving averages upwards alot more.   Both 200 and 50, on the daily bars setup here is 50 on blue line and the higher priced is 200 up at 7200.   



The 200 day moving average is not especially negative but we are below it.  When its both rising and the price is broken above 7200 or so then I think we can be alot more optimistic.   This current sell so far hasnt meant that much, just a reset repeat
8993  Economy / Speculation / Re: Current BTC price below 8K on: October 12, 2018, 06:40:48 AM
Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

Its broken out of a triangle down to support and then is rising from that support.  I'm told 6600 is a good target for that bounce but overall I wanted a break upwards not this reset and rewind which overall is not gaining anything overall.   Here is a chart showing that support line -

8994  Economy / Economics / Re: Smart people support Socialism. on: October 12, 2018, 12:20:23 AM
The wealthy people sabotaged the attempts at socialism.  They wanted socialism to fail around the world so they can keep their wealth and continue to dominate poor people.

Sabotaged is not a great description because any system which is going to encompass an entire country is going to require resilience and stand the test of time over many generations in order that we can draw the conclusion it has a worth and basis to value it within the laws of a country.
If socialism is that easily hijacked by a small but well funded section of society then it appears it does not qualify as safe to trust for the many millions who must work and sleep under its banner through all the stages of their lives.

Capitalism on the other hand is on the simple basis of free enterprise, available to all through human ingenuity.  At present most western countries compromised capitalism with over 50% of GDP caught in a super structure of government, thats not free enterprise


8995  Economy / Gambling discussion / Re: Popular Betting Strategies on: October 11, 2018, 10:26:43 PM
I dont disagree exactly but this site seems to be a lighter then directly giving out some system that would work for certain.   No bettor should assume they can read something and acquire a certain device for winning, its always going to have to be a personal buildup of knowledge and good practise.

This is the same for any guide to 'how to'  actually interpreting that into a personal method is another step beyond that.   In this case I think its just padding out ideas on betting or even just winning mindsets roughly, seems to me its alot of reading and also digesting required which is no sure win for sure and to their credit I dont see them implying that exactly

http://sportstatist.com/4-betting-lessons-from-sir-alex-ferguson/
8996  Economy / Gambling discussion / Re: How many hours a day are you spending on online gambling? on: October 11, 2018, 08:08:49 PM
Depends on the screen setup, its good advice especially for anyone on forums like this with all the white space in view to adjust your monitor setup.   There is a danger of a mostly white background screen of being a similar experience to staring at a light bulb for hours, of course its tiring and really not good practise for just before bed and keeping a good schedule.    That idea is quite widely recognised now and windows comes with a night schedule to reduce or change the colour spectrum towards a less harsh mix in the evenings.   

I dont think its default though, shouldnt be too hard to find its under display options.  right click on your desktop background for that.     Apple does do it by default I think.
Blue light would be the option given on a monitor, sometimes theres a switch to flick over day and evening use but windows will go by the time.
8997  Economy / Gambling discussion / Re: How many hours a day are you spending on online gambling? on: October 11, 2018, 07:31:30 PM
In terms of sports betting, I spend less than 10 minutes a day on most days and its my main source of income lately

I have at times spent the whole day doing sports bets because I was given the opportunity to put on alot of 'free bets' and also I liked watching most of the games so didnt mind taking so long.   When I say whole day just off and on I guess but I took up the whole schedule.  
Unfortunately that site no longer exists but I hope esports betting will come back and become more popular again and who knows I might get the chance to do it again depending if I still enjoy watching the games as I dont really do it for some big money thing just nice to guess your teams potential just right and double your money maybe more on a string of bets
8998  Economy / Gambling discussion / Re: Online Gambling Versus Traditional Gambling on: October 11, 2018, 07:17:04 PM
I'll take the drinks if they free of course or cheap Cheesy   The casino can be nice if its local and convenient to get to but alot of online gambling I think is coming from people who do not have time to take a trip out to a casino or area where its legal to bet, lots of places its not legal to bet though we've seen alot of advancement in laws recently.
Online is so much less hassle, depends if you want the night out or not.   I'm more of a gambler in my slippers and armchair lol

8999  Economy / Economics / Re: Smart people support Socialism. on: October 11, 2018, 06:56:48 PM
Einstein supported socialism.

Pyschos like Trump support capitalism.
I myself grew up in the USSR. I know well the ideology of socialism, and from today's position I can say that socialism is just a utopia, an unfulfilled dream of idiots. It seems that it was just a dead end development of society. It gradually distorts values and unofficially introduces a double morality.
Unfortunately thats not an uncommon experience of socialism.   Socialism is great until it runs out of other peoples money then its a failure.    Main problem with this whole argument would be assuming Trump represents capitalism when he commands one of the largest most subsidised and unbalanced governments thats ever existed.   USSR fell over because they ran out of other peoples money, mainly their countrymen where as USA famously commands the world global reserve currency system and is able to print as much as required at will.  
  That too will work until it doesnt, right now its obviously not balanced because of such large deficits and trillions in debt, likely impossible to repay.   The debt of each USA citizen amounts to 70,000 each which does not appear to be a system which can continue.   My point being Trump also represents a failed socialist experiment
9000  Economy / Services / Re: Free fixed match on: October 11, 2018, 12:43:08 PM
Pays to be sceptical especially something for nothing type deals.   Strikes me as similar to stock picking tips where the tipster disappears when wrong but claims credit if it goes up
There is no such thing as a fixed game. Those who have info about fixed games surely won't give it to others. The more people bet on some event, odds drop. Nobody is that stupid.
I've read rumours of fixed matches being arranged regularly and its always possible in any sport, its happened most publicly in Cricket afaik but the information being widely available makes the advantage drastically reduced surely.   I thought the thread must be talking about fixed odds
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