Bitcoin Forum
July 11, 2024, 06:12:23 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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] 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 ... 610 »
9101  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
9102  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.
9103  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.
9104  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

9105  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
9106  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.
9107  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.
9108  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
9109  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
9110  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2018, 02:04:37 AM
Quote
Sure. Basically I don't think bitcoin makes a very good reserve asset. It isn't nearly as well suited for a base of the liquidity pyramid as gold is.

Bitcoin isnt a reserve asset but its easily possible to argue against gold as the ultimate store of value also.  However gold has a track record of 5000 years or more which is hard to argue with.
On balance Bitcoin has to be rated as transactional, it is not the unchanging inert store of work done that gold represents.   Bitcoin is technology that certainly has to adapt and improve or it will be replaced.

Quote
What if it is built on assumptions that turn out to be wrong?
Gold could suffer from the idea a meteor full of it suddenly becomes available.   Again it seems unlikely as we've had many thousands of years for this event of over supply to occur, meteor mining is possible in future but I dont see the market for gold is changing.  Hence its a reserve, where as BTC is very much a changing and dynamic market.   BTC is a growth market, a part of competitive capitalism and must provide increasing utility or suffer devaluation.

All of these views are altered by the irregular distortion of viewing the world through US treasury debt prices.   Gold or anything will appear to be rising greatly while dollar itself is sinking and failing to return value to holders and users in its circulation which is the entire world.
Its possible for prices to rise while value is falling and we may not realise for years this effect is occurring, markets are inaccurate and suppressed in any correction by new money continually produced.



I back any mention of Exter's triangle and I do think deleveraging follows this process.   We will eventually set on this path regardless of new money, they cannot undo this it will burn out like a bad clutch and fail.
9111  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2018, 01:28:00 AM
Closer to the truth is everyone makes mistakes, I prefer the Socratic approach if we are exchanging ancient Greek insults.  But you know what happened to him, cant win

Speaking of guild of thieves, here is article running through of what happens when people sacrifice personal liberty to serve 'the greater good'
"One of the world’s great oil producers obliterated by the sheer greed and incompetence of a ruling party hiding beneath a veneer of Socialist ideology."
https://twitter.com/cate_long/status/999795980819226624
https://twitter.com/AKurmanaev/status/995366617642127360


BTC price in my rough view is in a bit of a netherworld, beneath the ice.  It hit 7700 as a top which is less bullish then I hoped at 7900 but its not doing much beyond sideways.  So its forming up to make a greater move in future.
Going sideways after a regular downtrend is positive. 7537 to draw a line in the sand to watch I think is reasonable




9112  Economy / Services / Re: [CLOSED] Receive 0.0025 BTC for your review of a new bitcoin mixer BESTMIXER.IO on: May 24, 2018, 05:32:50 PM
Bumping the thread to add my review, I found the site easy to use with no catches and simple to discover any details without having to pay till absolutely sure.   Very good design.



I tested the site and found it completely straight forward and streamlined to use.  I tend to hesitate alot when using any site to check addresses and fees but with the calculators given along the way its very clear how much crypto will be deposited to your exit address when sending a mix amount.
The confirmation of receipt of the deposit is also good, if you leave the page open its good to know its all worked out.

New parts I noticed was the improved mixing option in line with variable fee slider.  Here is a small summary shown:


I chose the Gamma Pool for my mix as its not alot extra and raises the security level easily.   The other option that should be used for best use is two deposit addresses after mixing, I noticed this helps raise the mix level.   Also I selected a 2 hour delay as this was the shortest time still giving the best quality mix level.  However its also an option to mix instantly if you need this with some reduced mix security compared to the delayed option of 1,2 or more hours.   I think the main option to use if in a rush is the 2 deposit addresses option rather then just using one.

I'm happy to see Segwit is given as an option as that has helped crypto lower fees quite a bit since it came in.

I downloaded the guarantee text document and sent it to myself for safe keeping on a 2FA email account.  Its a good summary and its best to reuse the 'BestMixer code' given for lower fees and improved security in the future.
Overall, I love how the site looks and works and its very fast with no catches or difficulties that I encounted.
   You can easily just check the website and process, do a dry run with no cost till certain of your choices.  Only when completing the process with a deposit is there any fees for using the site and so its easy to investigate and decide for yourself.

A good simple site to keep bookmarked for quick use is my conclusion Smiley
9113  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2018, 04:28:48 AM
'Bull Trap' is too simple.   It should reach 7900 objective and then maybe it sells or not but it goes upto that level because thats a significant price point.   I think of it being magnetised, we have to confirm 7900 to be properly bearish but if it breaks up from there we are far more bullish.    Traders should bid it up to that point then take their profits because the doubtful part is more risky and harder to profit on
9114  Economy / Speculation / Re: BTC Moving towards 6000$ on: May 24, 2018, 03:36:16 AM
Never think in straight lines only, a profit would be far too simple to make if we just moved in an obvious up or down.   Problem is the market whips back on a complacent market as soon it presumes we go down or up.   Way harder is viewing the overall trend without alot of noise.

My guess right this moment is a long term trend up will have to be confirmed at least as a ceiling before we can become more bearish or get this 6000 target downside people are thinking is likely.    I dont see BTC is especially negative but who can tell what all around the globe feel about BTC right now.

Here is a couple of examples below of the trend line sloping upwards and how BTC price reacted to it.    The bottom price in Feb and April, the important note is right now we are below this uptrend.  I believe we will return to $7900 before any great selling

 
9115  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2018, 02:45:37 AM
Thanks for the info but you're off topic. The topic of this forum is the descent of bitcoin and how much money we can commit to eternally hodling for the team and it isn't about alternative investments.

I dont think he is off topic especially, it relates to dollar and world reserve currency.   A large part of that is related to oil sold globally in dollars even when its not in a transaction related or involving USA, thats part of what backs USD as continuing as world reserve currency.

If that trade did alter substantially it'd be a big tide change.  It doesnt have to be beneficial for gold or anything but presumably it lowers the worth of dollar if no longer used so much as a world reserve currency and likely it promotes alternates.   

I reckon all of that economic change does relate to BTC, its a globally traded currency and its very convenient over the alternatives.  So good its avoiding capital controls and upsetting various regimes.   I dont know if Satoshi ever mentioned any of this directly or even in passing, its a massive coincidence for BTC to appear around the events at that time though.


Has the price become affected by news of BTG under a double spend attack.  Its bad publicity, I know its not a problem for any good network but it just sounds bad and upsets the appetite of some newer players in a market possibly.

7900 is a long term trend, I presume even if bearish overall we confirm that area first
9116  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Blacknet (formerly BlackCoin) | Original research | PoS | No ICO on: May 23, 2018, 09:09:44 PM
Not sure what is the point of keeping coins on an exchange when you could get a good return by holding in a wallet and staking.   Traders sure but holders I cant see why lose those easy gains Undecided
9117  Economy / Speculation / Re: BTC Moving towards 6000$ on: May 23, 2018, 07:13:54 PM
There is a long term uptrend in place since April 2017 and presently trend is at 7850.  I dont think such a long term standing trend would be idly crossed without alot of negative volume.   

Theres no special reason for the sell off right now just impatientance, fear as always.   Im short term bullish just on the basis we recover the 7850 trend and confirm it likely as a bottom.  If it should prove to be a failure of this trend then this confirmation comes later imo
9118  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Blackcoin [BLK] | The Original Proof of Stake Coin | No ICO | No Pre-mine on: May 23, 2018, 06:34:36 PM
When you first startup I think Blackcoin it allows you to specify the directory you want to use, select somewhere far more accessible then the users files or whatever  (which are basically hidden).    So you need to remember where that is.

Or later on you can specify directly where you want the files to be placed.
    Create a shortcut to the lore-qt.exe and place on desktop > properties > target > -datadir=D:\Bootstrap-directory


Or if none of that is helpful then try Blackhalo which is the same network just a different approach/client to reach the same place, I think the bootstrap also works with this.
https://blackcoin.co
9119  Economy / Economics / Re: help a newbie understand a loss please on: May 23, 2018, 05:11:25 PM
I believe you have to sell before end of the tax year to claim the loss.   There is nothing to stop you then buying it one day into the next tax year.    This detail might vary by country so you will have to double check but I think its true most places
9120  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 23, 2018, 05:00:40 PM
I officially bull trolled myself out of a once in a lifetime opportunity to make something of myself. That is so me.

AMA.

Common problem, optimism is profitable but also costs.

Might be a silly side note but guano or bird crap is a highly profitable commodity.  Fortunes have been made on such things and it is basically finite in high concentrations as its usually based around bird colony's which takes maybe hundreds of years to accumulate.    Other types useful for agriculture you can mine from the ground would be potash which is a big deal in Canada, it probably is very much finite and a historic accumulation.   Since we have definitely have world population growth with greater agriculture needs as more populations progress to meat eating its definitely a bullish market.
But people wont invest in that scenario, all they see is crap.  No optimism is a fail.

Failure to invest correctly in required markets for the future is also a function of a biased market.    If the government puts a subsidy under housing for example it means other areas are neglected despite being more productive long term, society as a whole becomes poorer while we chase our own tails.  
 Biggest example I can think of right now of this would be Venezuela, investment they do require for oil refinement of their gigantic but 'dirty' sulphur heavy oil is lacking.  Epic central government and political dictates means efficiency failure caused their business to fail and this country has the worlds largest known oil reserves.    They could be as rich as Norway if able to utilise the locked away wealth.
  The people starve for the elite, its so sad.   I think this effect is true at least in part in every country, luckily we retain democracy in most places.

7725 to beat nearterm as a positive marker.   7537 support, 7814 target upside
Pages: « 1 ... 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] 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 ... 610 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!