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9041  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2018, 01:25:27 AM
Do the Bartman ?      This cartoon 'kid' is like 30 years old by now



Seriously what does this formation relate to, the transition from west/europe over to Asia and back again ?   Reminds me of a phase change on a transformer or something.


A trader told me BCH is bullish medium term apparently, set to do well.  I thought that was mostly previous due to the fork and speculation on that, any reason for more demand on it recently?
9042  Economy / Speculation / Re: BTC will drop to $1000 --- you have been warned. on: June 05, 2018, 01:20:54 AM
You have been warned!



ah, the weekly "bitcoin is a bubble" thread. i was wondering when someone would post it. Wink

This is relatively positive, he just says lower price and with a sharp upturn at the end.   If this graph was a ski slope it would be the ski jump event Cheesy

The proper conclusion to a bubble is not a rise at the end but a pop to the bubble which means all structure and economy is lost completely and unrecoverable.  The protocol being compromised would be the fitting pair to that graph or price outcome.

The big note that should be added is price varies by the currency used in exchange.   Dollar has a massive depreciating cycle to its value also, that inversely makes massive falls in BTC far less likely while dollar also is losing value.  Always consider both sides to a price exchange, dollar will not stay level in value
9043  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2018, 12:55:44 AM
^^ Well I'll jump in that one with a theory at least.   The last uptrend from a bottom came with momentum backed by 50ma on 4hr bars and we just regained that.  (it was overhead since we turned back down)  So I'll venture momentum is there so long as we stay above this 'thin blue line' at least long enough not to trip up like an awkward skipping rope fail.   
I write seeing its on the line and I could be disproved shortly after but it was fairly reliable previously.    200 DMA is still overhead and more reliable overall, flattening but not negative

9044  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Blackcoin [BLK] | The Original Proof of Stake Coin | No ICO | No Pre-mine on: June 05, 2018, 12:37:25 AM
^^ it could be ok for especially small holders who anticipate growth and want to hold and come back later.   I would have to echo its risky to expect a website to just continue fine, I would be alot richer if that had not been a problem repeatedly in the past even big websites.  It breaks the golden rule, simply respect decentralisation.

(You can't mine BLK at all, it's pure stake)

If we go back 4 years, the very start or IPO if you like for BLK there was direct mining (long over and completed pow phase) but now POW is unused unless we are talking in slang for staking (POS) which does give extra BLK to users/holders (miners if you want to label it comparatively like that).   Its possible people would confuse the two.
   The old bitcoin wallets used to be able to 'mine' new coins but to do similar with BLK you'd have to have a balance of BLK in the wallet first place to stake and then you get a kind of interest is how I see it.   I wouldn't argue too much if people want to start calling it mining.    BLK isnt using GPU

The other thing would be to mine completely separate blockchains and then buy or exchange the mining proceeds into BLK.  Good idea because it can be staked and staking will not interfere with operation of a GPU so it could be considered similar to mixed mining in a rough way.

this video is interesting and mentions POS.  I did not know the staking original idea predated bitcoin usage
https://youtu.be/6xIq0FdmsIA?t=1572

See I dont agree with this guy exactly but he isnt using absolutes and mentions big known problems to me which is good for starters even if the conclusions are 'meh' as he says.    The big deal is staking is more efficient then all the energy used up by bitcoin and I think that could be make BTC secondary even.   Most economies are centred around competitive markets and efficiency, it will matter but maybe BTC improves
9045  Economy / Gambling discussion / Re: How gambling can effect the economy of a country [Part 2 - Macau] on: June 03, 2018, 09:44:08 PM
I think macao could be having issues with this--with organized crime. And so perhaps that is why china is attempting to distance themselves from some of those things. To cut down on their influence. But we will see how things go, hopefully they will go well.


Biggest difference from China to USA is the use of capital controls.   China does not allow free exchange or usage of its currency by citizens and of course its not a democratic country where such things will be allowed to profit the individual over the central governments usage of the countrys capital to its stated agenda.

Gambling is related to direction of monetary flow and I think they do make alot of effort to stop any flow of capital from Macau outside the country too easily.   I think I read the ATM machines have face recognition in some effort to stop any industrialisation of money movement occurring, its all monitored to aid central control.  Of course I think China overall would be better off allowing free movement and usage but its probably also the case it would remove power from government which they oppose, capitalism and democracy are related imo.
9046  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 03, 2018, 09:24:23 PM
BTC 7724 resistance to overcome, stuck to the ceiling like a fly at present  Grin

https://www.youtube.com/watch?v=hpq7HqviCxw

The weird thing is they all seem to be of the same conlcusion

..."There is buildings on the moon"...

more conspiracy, who knows


Amazing footage, not seen it done that clearly before.   There is a hand held photo camera which can zoom in on the moon, maybe a few hundred to buy.   Theres a reflector left on the moon which returns a signal if you use the right type of light spectrum to shine at it.  As far as actual visible object, I guess they are too small and the flag would need to be lying flat and far larger.  So the angles are wrong.

The moon is quite boring afaik, its just similar composition to the earth except exposed horribly to the elements of all kinds from outer space.   Never heard anything special about moon dust brought back.
Did Mars drilling ever return new elements of any kind, I followed really only the initial landings 25 years ago.  Principally its been about engineering to me not so much physics discovery, but I know little :p

Anyway the main point I was going to mention is the sun dying off or cooling down is not a near term likely phenomena.  The far more probable event before that is a solar spike or storm that would be similar to an EMP nuclear blast on the earths atmosphere.
Hopefully its a low probability but its a million times more likely then a big fall in Sun activity.   This would at the extremes lead to the loss of electronics on earth, its not an unprecedented event, I'll just go find the wiki link for previous
https://en.wikipedia.org/wiki/Solar_storm_of_1859

Quote
The now-standard unique IAU identifier for this flare is SOL1859-09-01.

A solar storm of this magnitude occurring today would cause widespread disruptions and damage to a modern and technology-dependent society.[2][3] The solar storm of 2012 was of similar magnitude, but it passed Earth's orbit without striking the planet.[4]
Quote
[northern lights] Auroras were seen around the world, those in the northern hemisphere as far south as the Caribbean; those over the Rocky Mountains in the U.S. were so bright that the glow woke gold miners, who began preparing breakfast because they thought it was morning.[6] People in the northeastern United States could read a newspaper by the aurora's light.[11] The aurora was visible as far from the poles as south-central Mexico[12], Queensland, Cuba, Hawaii,[13] southern Japan and China,[14] and even at lower latitudes very close to the equator, such as in Colombia

The difference from 1859 to now is obviously we rely on sensitive electronics.   The positive is that I think we could predict this storm in time to save or shield alot of the equipment ?     I think the whole thing is worth mentioning in terms of possibly globally changing events and related to finance and clearing systems.
9047  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela on: June 03, 2018, 09:02:24 PM
coups, endless lies, insults, mafias to any kind of physical, economical and psychological aggression you can imagine. Petro and the people around it are tougher than you can dream, i'm afraid.

For 20 years we've read and seen this insults on the mainstream media, social media and from the people parroting the media, billions have been spent to destroy Venezuela and Chavez... but the violence from the US and the wealthy opposition has been beaten over and over again, peacefully, while the popular support of chavismo has resisted. With the Petro we've seen the same intolerance and arrogance of the colonial brainwashed white men who think they know it all and actually know very little: that makes it even more clear to me that Petro will succeed.


To be fair, even normal size ICO often take far longer then expected from initial idea to full wheels on the ground working enterprise.   Whats usually quicker is the token people can flip, but all the workings of an actual business behind that takes far longer.

I dont know this is the case with Petro but if it really is an ambitious project that will encompass an entire country then thats going to take far longer then a cardboard facade prop up ICO token.   Its possible they are progressing and putting in the workings, people are speculating negatively and positively on this and PTR is not being traded ?  which is frustrating for many no doubt, are they behind schedule officially yet or was it left open.

As far as adversities, I see every economy as challenging itself as naturally everyone wants to profit from exchange of value.   Either the whole exchange system is positive and participants gain in some part on average or it throws itself off kilter and diminishes and alternatives once again take over.
9048  Economy / Gambling discussion / Re: Why gambling is portrayed negatively almost everywhere? on: June 03, 2018, 08:07:13 PM
Kidding aside, but Maybe bacause movies make a great influence on the peoples thinking about gambling and casino. Almost all the action movies ive watched has a casino scene which has gun fight scenes and most people there are illegal doers. Another thing is that, people who loses money has a high temper and can do anything even killing people. Other than these, i dont think there are more.
Literally theres a movie called casino depicting horrific events, to some extent did actually occur near Las Vegas in a period organised crime had 'better' control over the place while also being incredibly violent apparently - https://en.wikipedia.org/wiki/Anthony_Spilotro

But the end titles for Casino is one of my favs too -  https://www.youtube.com/watch?v=6jN_8mp-g78

Gambling relates to high drama quite easily, thats part of the attraction,  negative and positive therein
9049  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: June 02, 2018, 05:25:00 PM
1 satoshi = 1 dollar would seem impossible but I would rate it far more likely then that for a variety of reasons, ask me if you are not aware of how that happens.
    Do not limit your horizons and believe its impossible, we are all sitting at the tail end of a generational change to the dollar reserve system.  Its very possible for crypto to be part of that and if you aint got much to your name by way of cash dollar money then the wisest thing to do is follow opportunity and possible growth.    You know already crypto can grow a hell of alot and I do not think the story is over.   
9050  Bitcoin / Legal / Re: Are You Afraid of KYC? on: June 02, 2018, 02:51:51 PM
KYC requiring documents and then fielding a deadline before I could provide the documents was a problem for me.   The worst thing was I had already secured a positive balance which on this deadline was wiped out, making KYC a way to lose all value accumulated in that project.    This seems quite incorrect and exploitative practise, KYC is a responsibility a company has to field correctly not a way to forget debts.  Legal compliance is not the fault of the participant, since globally laws vary considerably its impossible for each person to know exactly how the process will go and should not be subject to any loss because of arbitrary deadlines.

I hope we can get agreement across the industry that KYC is not a way to wipe out balances owed
9051  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: June 02, 2018, 02:36:10 PM
He will not get anything from FreeBitco. The people invent these games to make you belief that you will win. But unfortunately you will loose at the end.

You could argue gambling is not a productive activity for you, but it is optional and if you have gifts elsewhere then go that way and hopefully you will do well.  But nothing is certain in life ?

If the faucet was free to begin with, there is not much to complain about.   Would be nice to have caught those faucets in the early days paying out 5 bitcoins a time :O  but lack of foresight in taking that up myself is my own fault. 

 This place being around a long time is great for the little person because they will take a long time to get alot of BTC or have to wait a long time for BTC price to rise alot and it becomes a nice figure.    I'd rather see a site like this around forever then a newer site pop up and disappear with peoples free balances also no longer available
9052  Economy / Gambling / Re: BITDICE - 🎲🎲🎲 Treasure Chest Is Back! 🎰🎰🎰 on: June 02, 2018, 02:29:34 PM

So how can this token profitable for you guys if there is no pump and dump? I believe everyone is holding it and hope there is a pump right? But how about if there is dump instead of getting pumped? Do you think that investors will still holding it again? And btw what do you mean long term profit? Are you thinking that it is a profitable because of many adopters out there? Because of 70% token already distributed? What is the purpose of this token anyway?

The token is not the business, its just form of capital related to the funding of business.  Sounds like it could be called a royalty share, if there is a regular payment related to revenue then its a speculative asset.  The company could buy back its own token but it would be reducing its capital by doing so, the positive offset being they would also retain that royalty share.

Capital appreciation of the token value isnt a concern compared to its returns over years.   The market capitalisation is usually more relevant then just prices, if the price drops then the yield is rising and it should be more attractive to buyers.   I like the idea of the high yield over an inflated asset value, that would mostly benefit sellers of the token but the yield is good for buyers.   

Nice we have such options available, beats holding crypto with no return at all
9053  Economy / Speculation / Re: Would BTC shake off an ICO shite implosion? on: June 02, 2018, 01:45:48 AM
I was perusing an article the other where the little fella specifically named ICOs as the doomed dotcom bubble
Are they separate enough markets these days?

The dotcom bubble itself has a relation to the wider market so its an indicator for BTC but not a determiner.  There is a ratio between ETH and BTC which can just reduce in value and I dont think it has to be a drag on BTC any more then other crypto standards. 

Some might say its a positive as it reduces competition to BTC as the main standard.   I think that might be true longer term after the fall in price of ETH.     We are basically talking about deleveraging of value as ICO Enterprise does not return the growth in value promised and so ETH overall is less in demand with excess supply from some of these funds unwinding.   Thats an excess of ETH, so BTC will just adjust in its multiple.
9054  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2018, 01:35:35 AM
Capitalism is not centralised, thats an important distinction I think does matter and references the disparity BTC has with the current global reserve system.   Politics should not overshadow free markets like it does currently, we dont live in a Royal charter economy anymore but many in business feel restricted from expansion.    Also very large government (50% GDP) hands a massive advantage to the largest of companies.   Economies of scale I think relates there, however the fastest growth required especially to rebound from recession comes from the very smallest of business enterprise.
   Real capitalism is an equal partner to democracy in its effects on a country if done properly but that leadership is not there currently seems to me.

 If crypto is somehow closer to capitalism then we'll appreciate in value or at least have a sound basis to increase population of participants further.   Capitalism is a system proven to work over hundreds of years vs the Federal system which is a century at most or 40 years since no ratio of backing to its activities


BTW dont directly quote someone who is highly likely to be on ignore lists, it means they appear to people who dont want to repeatedly be reading that.    Me, I dgaf about trolls

Quote
people like to pretend that communism and socialism are different things,

The political horseshoe I recognise there




Topside for a bearish outlook is about 8050 and support at about 6500 perhaps, broad estimates but price is doing very little for a while now.
9055  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2018, 08:30:28 PM
What happens to your $100k in google stocks when $100k is worth a tank of gas?

In general, stock market cap reflects the value of owning a portion of the underlying company. It consists of customer lists, processes, people in positions, machinery, real estate, furnishings, inventory, raw materials, ...

Accordingly, if we reach a day (not inconceivable) when a tank of gas is $100k, that formerly $100k worth of Google stock is likely to be worth $200m post-inflation bux.

Yah exactly, this isnt a hypothetical.   We're all quite young in terms of knowledge of various economies and monetary systems but it should be very well documented what happens when a cash standard falls apart.   It happened dozens of times even in modern history most recently the Russian rouble replaced prior Ruble at 1,000 to 1.  Everyone gets wiped out, the asset holders are the now famous billionaires hence many citizens resent the concept of 'democracy'   or capitalism.  It rarely occurs in a fair way, probably wont be fair in the West either when chaos ensues

If you want to talk about  silver or gold bugs
well I think it relates strongly.  Crypto is an extremity very far from a normality still now, if you are in crypto you are on the cutting edge of some phenomena dismissed many times over.  What exactly is driving its usage, growth is a part of supply and demand behind order books to exchange pricing?
   Dollar was linked to gold within memory, its not a nonsense reference its an ongoing reference to value.  The Swiss currency till about 2000 had a direct exchangeable link, in theory alot of economies and national exchange systems had a relation to gold or at least trade in real goods.   Now we have an excess of debt and promises to pay a bond with a suppression of rates to that linked to political and military power.    

Its not really a bug to mention such possibles being a strong influence on Bitcoin.   If you purely trade 5 minute bars on a graph then sure its not really relevant but BTC often moves in quite large spikes like a richter graph, it relates to seismic moves not unrelated to dollar and generational changes in the world.   To me this isnt a conspiracy theory, its an under-discussed dynamic in all lives


Alan Greenspan - former FED Chair and fiscal bear on these issues -  https://www.youtube.com/watch?v=qr-gdjTiG2M

Its not an outside opinion, I dont even like gold personally Im not that keen on that kind of thing, I love tech far more.    just those ideas are relevant pretty sure

9056  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2018, 02:22:18 AM
Quote
Is 40% to 70% allocation an Over-allocation into BTC?

I believe that my current allocation into BTC is about 75%

Yep basically thats how becoming over balanced would work out.    I generally say 1% in gold helps alot, its heavy it counter balances alot :p  but most people over estimate their free capital.  By free I mean you have it to save for like ten years as capital not money before a bill comes due.

Some dont subscribe to the idea of capital allocation and balancing so thats really upto the individual.  Taking more risky routes could pay off but the point is to avoid the risk, also thats losing some of the gains quite possibly.


If you go younger, in the 40-50 yr old range, you find a lot of guys that are just flat out hostile towards Bitcoin, like it threatens their very way of life or something. You should of heard the vitriol that my (former) Accountant was spewing about Bitcoin in 2013.

Why isnt that same person just as angry about bad accounting by central government.  The never ending monetary base expansion is self bias, since I dont operate in billions Im worse off from 'being outside'.    Do we all believe government can perfectly distribute this new money, of course it doesnt do so.

Heres a good link I saw that I think explains about how USD self funding works and inversely why Bitcoin is in demand as unbiased to a central point of failure (not that I think any system can be perfect not even gold Tongue )


https://twitter.com/WallSt_Dropout/status/981270850048577537

Quote
Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin.
Almost anyone can buy a gram gold.  In many places its tax free, compared to the lost freedoms after ww2 we do have that going for us now.   Most dont realise gold is not especially expensive  (unless you also believe oil will be going down by half long term )  missing the above effect which is increasing as QE unravels.



BTC is wavering on the first rung of the ladder above the previous low, in April.     Not sure what to take from that except its likely forming a longer term move
9057  Economy / Gambling discussion / Re: Why gambling is portrayed negatively almost everywhere? on: June 01, 2018, 01:50:03 AM
Not true really, some games are both luck and skill to manage the odds.  You cant say poker is all luck, but also it applies generally to all the games I think in terms of money management.

Also inversely, some trading is to some extent luck.   Its incalculable odds in many cases, you just rely sometimes on the right news breaking on that day or just a market trend that occurs and builds to help complete a trade profitably.    Again the main difference is money and risk management, knowing when your bet, gamble, trade has not taken off and should be cut loose.   Alot of people fail that final test imo.
9058  Economy / Gambling discussion / Re: Online Gambling Versus Traditional Gambling on: June 01, 2018, 01:41:50 AM
If you wanna compare then online gambling is better in all aspects
1. With online gambling you get the most important things which traditional gambling never had , a fair mark which ensures that your result wasn't pre determined
2. You don't have a huge house edge , casinos do have big house edge but in dice maximum a site should ask is 1% which is the industry standard
3. You can gamble anonymously in online gambling
4. You also have no tax policy in online gambling

But traditional gambling still has one advantage

If the casino refuses to pay your profit if you are in USA you can sue the casino and even ask for compensation

1. Casinos are regulated to be fair, subject to inspection for fraud.  Theres definitely oversight of any place handing some of their profits to government.   They'll check the physical operation of roulette wheels as well as books etc.

2. Online gambling has a lower cost overhead so I agree its likely cheaper far more often, especially for return customers.

Most online casinos I think should also be registered companies so the same rule of law is roughly there depending on jurisdictional especially with the recent change of US Federal law.
9059  Alternate cryptocurrencies / Mining (Altcoins) / Re: Baikal Giant-B on: May 31, 2018, 11:57:47 PM
Temperature input would relate to suitable ambient temperate , room temperature prior to active operation.   You'd be pretty uncomfortable standing in a room below zero or above 40c.   So operating it in sub zero conditions could be a problem by that advice I think, its possible it would lead to condensation and cause further problems.   Especially cold air can carry excess moisture into what is basically a kind of space heater with fine electronics also.    If your device is indicating operating at 45c thats fine, the actual input temperature must be far lower.  I cant think of any chips recently upset by such a low operating onboard temp
9060  Economy / Services / Re: BitDice Casino Signature Campaign [WILL START 1 DECEMBER] on: May 29, 2018, 05:46:40 PM
I'm willing to take a lower rank position till a spot opens at my own rank.  Let me know if thats an ok premise to join under Smiley

Username: STT
Rank: Legendary
Current number of posts: 3094
Bitcoin Address: 3HnKiDGKh27vaXbxbACdzoNYySxkiHJRPo

I can see Hero & Leg member applying as well. Haven't missed anything

I'm willing to accept the available rank positions.   It gets to be a pain checking the various threads for changing details so I'm willing to sign up as lower rank and any requirements necessary to qualify as valid on this campaign.   I have racked up alot of posts in Bitcointalk forum, many in the gambling sections and I've been a long term member of a gambling sig campaign going back to 2015.  I'd still be doing that but the group got taken over by new management so are not running in any sig campaign for now.   I've gambled alot with bitcoin over years and other crypto coins, I'm involved long term across the crypto community and have been a miner/user going back to early 2013, I think I can find reasonable areas of discussion.

If there is no applicable spot for me, I apologise for taking up any time
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