Bitcoin Forum
July 11, 2024, 05:59:51 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 [455] 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 ... 610 »
9081  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 06, 2018, 05:00:51 PM
and yet Im not following Luke Dash on twitter, my mistake.   We should have an official list for twitter resource/news, the platform allows lists to be shared.  My own list is very loosely collected though and not double checked

https://pbs.twimg.com/media/De4nfriUYAAImnh.jpg
well luckily I dont take everything I read unquestioned so I dont have a problem with the random feed, clearly he has a method there somewhere.  I've heard quite a few denounce democracy on the basis of poor education and misdirection of the masses.  I think its probably the best system though its path might be ironic and failure is a natural process within that.




Drawing in a support line on the daily which I think relates to finding a bottom here.  Was the top early November and has had weight in previous action similarly I think
9082  Economy / Speculation / Re: bitcoin $50K by 2018, $100K by 2019 on: June 06, 2018, 04:49:49 PM
Brothers, the correction is now finished at $7K.
The bear was trying to push bitcoin below $7.5K but they couldn't. Whole market is green today.
Institutions are pouring into the market with their money.


I'll swap memes with you.    The bottom is a process not an event, we see it in rear view maybe but rarely ahead.    So theres uncertainty for sure still, nothing is free of risk.

'The Bear'   is not one person, we are all the bear and we are all the bull.    I really hope one person isnt this market or I've completely misunderstood its potential.   We all have doubts, that part is my bear :p

Institutions are mostly tied to the dollar economy, which is leveraged and liable to recede like a tide.   I dont really look to them for growth, more likely and far more true is they look to us for growth.    The biggest growth comes from the smallest participants, its ironic but a recognised phenomena.   I do hope Bitcoin is about the small guy, is we have more of those type I'm optimistic Smiley
9083  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 06, 2018, 04:41:31 PM
Lots of barts.  Reversion to mean more then any breakout move seems to be the case still



Quote
It is still 100% impossible to create a decentralized digital currency, i.e. anything remotely resembling a Nash equilibrium instead of just a power vacuum to be completely monopolized.
Oh what basis is it broken, I thought Nash was about game theory in competitive markets which would include variation not the idea of perfection or declaring impossible absolutes

9084  Economy / Services / Re: BitDice Casino Signature Campaign [WILL START 1 DECEMBER] on: June 06, 2018, 04:12:46 PM
Thanks for the spot
9085  Economy / Gambling discussion / Re: Why gambling is portrayed negatively almost everywhere? on: June 06, 2018, 02:22:04 PM
It is destructing individuals and it is damaging the societies where humans live. This gambling has been a destructive element of our society and unfortunately, even being illegalized in so many countries, still people are gambling at different levels. There isn’t much strong recovery or establishment policies for implementing such laws that prohibits people to not to go for gambling.

lol you are going way over the top there.   Alcohol is legal most places yet is a form of poison and dehydrates a person in even small amounts, yet society continues anyway and derives some benefits.  Gambling is part of life because everyone must take risks in what they do , this part is normal.    To have a gambling industry for sport or entertainment is not destructive, there is no certain conclusion there.

The main deal is not to anything to excess, alcohol, gambling even food can be a negative if you develop negative habits.   All in moderation are fine to take part in.
9086  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2018, 11:18:34 PM

Gold is isolated from direct factors of economic growth but silver is an industrial metal

Gold is an industrial metal too. It is inside of almost every electronic device there is.

Yep but modern manufacturing doesnt require alot of gold apparently, its become far less though I should look for a source.

Heres a couple of pie charts, showing how silver is almost like an oppisite in its industrial emphasis.   In a way its good to have solid uses but also it provides interference to the price when recession occurs




We're back above the MA blue line for BTC momentum, its flat but generally seems constructive with higher lows.   Sideways after a fall can surprise some by effectively being a positive I find, still hear people being negative when its not going down. 
9087  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2018, 03:17:33 PM
I'd expect a fakeout first, a last call for a sell, people give up.  Then you have the bottom and a rise, market usually tries to trick us many times

Silver bugs never respect the lesson the Hunt brothers learned the hard way. If you want to diversify your portfolio buy gold. Silver bullion is a poor store of value and will remain so while gold is not.

Gold is isolated from direct factors of economic growth but silver is an industrial metal so I agree they are not twins, its a weak relation

The Hunt Brothers had a giant counter to their plans, a strong and capable Federal reserve.   This is like the biggest most relevant point to knowing this history, compare Fed and Fiscal debt and perhaps trade balance to now.    In the 1980's the Fed raised rates to 15%

Thats a giant return for simply holding the debt of the country you live in and pay taxes to.   Its not a hard bet to just side with that, of course the FED got control.    Silver was not in use enough to be a challenger plus the Saudis do sell oil in dollars, thats a big backing plus everyone else.

So the situation now is the FED cannot ever raise rates this high.   The average term of debt owed over 20 trillion by government is just 4 years.   Raising rates this high would mean every cent spent in the white house budget would be interest payments.     Its an insolvent situation, same deal as you read with Greek or similar spikes.

What is going to happen this time is the debt is repaid with newly printed money.  The path of least resistance, I dont have to be anti government, anti anyone this is just the gravity of the situation, water rolls down hill and the economy is going to be shaped by the simple dynamic of too much debt and a weak Fed policy vs inflation.

Knowing history is great indicator to the future but various factors have developed further since then.    So far as I know people expect a strong Fed to control the situation just like previously but its impossible when there is a fiscal deficit and no possible surplus to repay debt.
9088  Economy / Gambling discussion / Re: thinking quiting after lose on gambling. on: June 05, 2018, 03:05:03 PM
The best time to quit a gamble would be after a win not a loss to be honest.  However if you no longer have a strategy to proceed with and especially if not having any fun then sure, just dont come back without fixing those two things first.    I think quitting without the resolve to alter a situation can just mean people return without a better attitude and do not do any better.  A break can be productive also Smiley
9089  Economy / Gambling discussion / Re: Online Gambling Versus Traditional Gambling on: June 05, 2018, 03:03:16 PM
Theres nothing certain in addiction, the vast majority of players are completely casual.  This effect is over estimated, most do not believe in the game to this extent.    Quite a few expect to lose but just like the idea, similar to a fairground sideshow.   How many get addicted to that, not many because most dont try to win that hard or celebrate that massively on every victory.

Thats the big thing really, if you play the game as intended just as a small distraction from life for an evening then its going to be fine.    Arguably going out to a casino is far more of a wider experience and entertainment.   Online you might more easily meet the hardcore who have to win or dont have any fun then maybe your point is closer to true
9090  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?
9091  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
9092  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

9093  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
9094  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.
9095  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.
9096  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.
9097  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
9098  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.   
9099  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
9100  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
Pages: « 1 ... 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 [455] 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 ... 610 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!