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9201  Alternate cryptocurrencies / Altcoin Discussion / Re: Protect your coins and buy a hardware wallet on: May 08, 2018, 04:06:46 PM
I wish the whole system was alot simpler for end users, if we are aiming to become a global currency and system of exchange for all people rich and poor.  We need useability and accessibility to achieve those aims, overcoming FIAT is not beating the negatives it has but also some of the positives FIAT has which is this ability for anyone in the world to use it easily.

If crypto cant beat this current standard how can it talk about replacing it really long term.  Obviously theres the technical stand point, lots of clever people in crypto but I dont agree with just putting down those new people or just technically non proficient.   We cant afford to exclude anyone or be elitist about this.  So yea mistakes were made but I dont really want to blame the common user for it especially.


I think there are some good Chrome extensions to help joe bloggs avoid the phishing scams.  Here is one of them but there is a long list somewhere I will try to post back on that:
https://chrome.google.com/webstore/detail/https-everywhere/gcbommkclmclpchllfjekcdonpmejbdp?hl=en
9202  Economy / Gambling discussion / Re: Gambler's mindset! on: May 08, 2018, 03:47:59 PM
Quote
I have tried to think what goes through my mind when ever I am trying to place a bet. I think something strange do happen to me and that is I always have this thinking that what if I lose


Risk / reward response relates to basic human behaviours.    Thats a large part of why gambling is hard to master, it varies which age and experience some I think.   One of the best things to do if gambling is to involve and raise your experience, not so much winning but lowering your chances of losing greater amounts with simple mistakes or emotionally reactive betting
9203  Economy / Gambling discussion / Re: bitcointalk tipsters index on: May 08, 2018, 03:10:58 PM
Excellent index and resource, I've put them all on my watchlist for later.   I'm very interested in the esports gambling as its still very new so not always that well covered but theres so many games it  probably need more then one person to be covering across all regions especially.    I find its very possible to turn a good profit judging the various factors in play, high risk but good reward also.

The 3rd from last link is missing the :
http://bitcointalk.org/index.php?topic=2119744.0

should work as that

jeremypwr
https://bitcointalk.org/index.php?topic=516941.0
9204  Economy / Gambling discussion / Re: Why gambling is portrayed negatively almost everywhere? on: May 08, 2018, 03:06:10 PM
In trading industry, you bet on your speculation and in gambling industry, you bet on your luck. In both trading and gambling, there is a risk of loosing money. So why trading is seen as a good way of making money and exactly opposite for gambling?

I belive it is just a social taboo about gambling and we need to rethink our stand towards gambling. It is just another legal business. What's your view?


Trading is viewed more positively as it creates a market and has a society benefit to providing active prices for goods.  Sometimes that price is available day or night for any type of holding, it knocks onto the investment and innovation in a country possibly.
Also most obviously, alot of governments are in giant amounts of debt.  That debt has to be serviced and supplied by a market and with many traders requires to actively give pricing for both buys and sells at the needs of anyone with capital to invest.

So there is a large bias to finance in many countries due to this need.   Gambling can actually be part of that eco system by providing tax revenue so I dont know it should be viewed negatively, at least as far as government revenues is concerned.   

Quite a few people over gamble, take too much risk.  Again I think this is bad in finance terms and leads to bad markets and obviously in gambling its not a good scenario either and its possible to lose control.   I dont view any gambler negatively if they stay on top of things and are able to take time out when needed.
9205  Economy / Gambling discussion / Re: To quit gambling is to quit yourself on: May 08, 2018, 02:21:18 PM
Gambling can become a kind of avoidance to certain feelings and people get hooked on the instant rush of a win and reliant on this to avoid other negatives in their life.    The addiction is especially negative where it starts to create or add to the negatives that they were trying to avoid to begin with.  Where someone steals to gamble perhaps, they are on a downward spiral.  
I do think these people need help to realise they have made a misstep and need to turn back and go a different direction, there are some groups which try to help but its hard to unlearn bad habits like this.

The Manilla case is especially terrible and suggests he should have got help a long time before somehow.
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Investigators discovered Mr. Carlos’s identity early Sunday morning, after interviewing the taxi driver who had picked him up near his home in the San Lazaro neighborhood of Manila and driven him to the casino.
So pathetic, dont be a dumbass like this with no respect for anyone or yourself even.   It takes a bigger man to just admit a mistake, quitting or whatever I give way more kudos to anyone who can handle themselves even as a loss.
9206  Economy / Gambling discussion / Re: Shyness in gambling on: May 08, 2018, 02:13:49 PM
There is a huge difference between shyness that a person feels when he first enters in a casino and the one he feels when he enters in some more respected game or place. Let me clarify a bit more, for a newbie gambler It Is more like, “oh, I should not be here” or “this is so embarrassing”, basically a feel of guilty and shame while let’s say, a new football player may fear his first entry into the filed but he will be satisfied.

Yep its actually very relevant to someone even slightly new I think.  Some have the confidence to go ahead and make mistakes no matter what but alot of people will not realise being overly careful or concerned with avoiding mistakes could be the mistake itself and the game is lost from excessive apprehension and trying to be 'careful'    Gambling itself is all about judging risk well, not just winning but also not being afraid to lose initially I think thats a problem to get past.

  I hear similar stories in investment or gambling, some have the mindset they must always win
9207  Economy / Speculation / Re: Hold or Sell on: May 08, 2018, 01:59:49 PM
Can I suggest a third option ?   The whole reason Bitcoin has a value to me is because you can Use bitcoin and this then requires people to actually buy the bitcoin, enabling the ideas of sell or even just holding to decide later.

I'm not just talking about trading and deciding when to sell but the real purpose of Bitcoin is to convey a secure value especially in difficult or otherwise unfeasible transactions.    So buying very small amounts with bitcoin might be more possible then otherwise.  I like that Bitcoin this year has dropped the fees back to super cheap levels where you use it to buy or even donate, give some value to anywhere.
I would suggest this as a good option, maybe you find some bargains this way on much smaller items then trying to make a profit exactly.

So long as Bitcoin is useful in this way then it will knock onto overall value as the population applicable to the economy of Bitcoin rises and the value is probably going to rise as supply is lower then the rising demand.   Forget numbers for a second, is Bitcoin useful in this way if so then you can keep on using, holding, selling and buying it and hopefully you will gain overall Smiley
9208  Economy / Speculation / Re: Will Bitcoin continue to rise? on: May 08, 2018, 01:42:47 PM
Speaking of the rise, near term we are on the underneath of the momentum or moving average since the bottom.   



The blue line being what underlined the general move and came below it some.   Price action now needs to confirm above 9074 as support in order to make progress .    Its quite possible for this to happen however, above there is 200 day moving average which far out weighs this thin blue line of just since the April bottom.  Its quite normal for short term trend to give way to longer term pricing and we need more time to build a case for a move higher.
9209  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 08, 2018, 01:34:09 PM
Governments are not the people. Nation states are horrible. Stalin could never have existed in a municipality.

Jay, stop trolling.

I think everybody is on drugs tonight. Is it?

Not everyone needs drugs to reach that level, even smarter to realise its near disaster for some to partake in those additives when they are already 100% proof.  Alot of creative types go down a horrible road when they fail to understand this about themselves I always think its a waste.

Regarding, why many of us are into bitcoin, that is likely going to vary too... I understand that bitcoin has a lot of libertarian origins, but that mere fact does not mean that everyone subscribes to the seemingly vacuous anti-government views of that many libertarians seem to spout out in criticizing the current system.  Sure, there are problems with the current system, but merely getting rid of government does not seem like it is going to solve as many problems as it causes.

 Furthermore, we might not even need to bring politics in the discussion at all in order to see benefits in bitcoin

Politics dominates economics now so its slightly impossible to avoid some convergence of those topics.      The dollar reserve system (globally) is subverted by its black hole centralisation to an overly powerful government force that has no limits to its budget and has lost a need to justify itself to its people or other nations.   Not that Im against this particular government or either side of the aisle but that the system itself is off kilter is increasingly not beneficial.    That is ingrained in Bitcoin I think, I dont see how you can be long term involved and not have noticed that at some time or another.  Its generally true that the common working man is becoming poorer for the same work done, central government is becoming larger with greater debt.  Theres a noticeable trend occurring not really reliant on personal opinion or bias.

Capitalism is not centralised and does not have this bias to serve government as its arbiter.   Ultimately it should represent competitive free markets, where success is determined by innovation and efficiency.  Getting rid of government would not be the same as requiring it to be justified and hold a balance sheet capable of surplus.  Wherever you stand its dangerous that government is incapable of returning a surplus right now, it must be capable of this to repay a debt and if it cant repay a debt then its not crypto who will pose any threat but government itself will collapse inwards.   I suggest standing well back and do not be reliant on something failing this badly even if it makes you sad to see it, I think its quite inevitable.

Quote
Central planning is dangerous and not antifragile
Not even a political view, its probably provable in engineering and all kinds of different subjects.  True as a general principle.  Politics is a diverse subject, its the luxury of an advanced society true since the Ancient Greek system but we risk losing that freedom and diversity if the system fails so badly because people would not tolerate alternatives and competition was deemed dangerous.


Some comparison views.
https://twitter.com/CNBCFastMoney/status/993607620064882690
9210  Economy / Trading Discussion / Re: How do I stop panic selling cryptocurrency? on: May 07, 2018, 02:53:20 PM
anybody who does that is doing the rest of the market a kindness because they are giving them the big discount that they were hoping for.

Forced selling or irrational crowd type moves like sheep is a kind of weakness in the price.   A weak price is like thin ice, yes it allows movement down but also we can move back up considerably faster then hard resistance scenarios.

This is ideal for the proverbial whale looking to turn a good profit and make a splash on an exchange order book.   Its something they look for and I agree at the end of negative trends there will be this kind of failure of logic where people just lose their nerve.

I would suggest use of crypto is best to avoid selling, so dont just hold it like a lottery ticket.    I really dont agree with approach especially if its money you actually needed to pay bills, thats just too worrying.
BTC can utilised in businesses that regularly transact and need the free float of coins to help their business stay liquid.  Sure there is some added risk but alot of business like gambling related BTC is fairly time proven to turn a decent revenue and profit
9211  Economy / Economics / Re: BITCOIN HALVING? on: May 07, 2018, 06:22:33 AM
I wouldnt say nothing to do, there is a secondary effect.   We are still seeing a reduced supply from the last half block reduction and that is part of the market expectation of lower supply now pretty much.
The supply from exchanges or sellers is from older coins not newly 'minted' coins but I guess there is some comparison in coins available in supply vs demand

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this happened I think last year when I was fairly new to btc. it was a very good time to stack up on btc

No it was the year prior to that, 2016.   I was there and the price rose but then fell after the half as people expected too much.    About 6 months after we started seeing the beginning of this larger BTC gain.   The half block effect is a tailwind, it adds to a gain rather then being an immediate direction.
9212  Economy / Speculation / Re: Just sold all my BTC because on: May 07, 2018, 06:08:44 AM
This market does not have the steam to break 10K
Will buy back in when things are making more sense.
Bitches are buying ETH and Bitcoin Cash
BTC dominance is going down hill
A Bear Market could be triggered if BTC goes below 9520 according to one analysts. it has already done that today: Tread carefully and use stop loss if you recently bought in!
When you sit and see BTC go down 450 USD in a day you need to ask yourself WHY? Whales didn’t do it is called market sentiment. The whales spiked it 1000 USD in 5 minutes not long ago and caused this mini rally!

Prices alone dont trigger bear markets, we can ping off any price and it might be quite momentary and insignificant.     BTC is far too volatile to call it like that, volume consensus could be a trend but we have to talk about that globally not just one country or even section of the world.   BTC actually takes a while to form a new trend I think.

Well done on your timely sell but as a trade I also think you should be buying in this area.   To expect more then 10% so quickly is a bit much, the market doesnt move easily in straight lines and BTC especially is volatile which makes calling a larger trend quite hard.   Average 200 day is still rising, thats a fair measure
9213  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2018, 05:57:17 AM

Yet we have known since Adam Smith that the hidden hand of the marketplace will ensure that the optimal solution is arrived at by letting prices find their own equilibrium. This has been more formalized in more recent times in that the price and quantity of a good will be set at the point where the demand/price curve and the supply/price curve intersect. Further still, dead losses are incurred any time production quotas are enforced. Given this, why do you assert the utility of a production quota on transaction throughput? Why not trust miners to set the tx throughput supply to maximize profit under the demand and supply curves?

The reason BTC price rises so much is unlike most commodity markets the supply is fixed and not subject to oversupply as much as a normal market that will increase production to match the increased profit available.   
I like the general point about freedom of production but I think its more reliable to keep a quota of blocks in this case, security is the main purpose that must be served

Quote
Scaling will have to come from second layer solutions.
I prefer this as it should increase stability and support and also I think it promotes innovation and creativity, any failures of those ideas occur off the main chain.  Leaving BTC to be the most regular reliable central blockchain


 9231 support & 9909 ceiling, both fib lines seem a good match to action recently.
9214  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela on: May 07, 2018, 05:12:18 AM
Venezuela doesn't have far too much oil if you take into account dwindling production, internal consumption, obligations from oil-for-cash deals and its need for foreign currency. A deal with India with a discount of 30% would mean that either internal consumption is reduced further, obligations of oil-for-cash deals are not fulfilled or sales with 100% payment are changed to sales with only 70% payment.

I see your point but India is an important client to establish.  I've thought this for 20 years maybe, the growth potential of this country is gigantic and I believe the majority of the country is under 30 years old.  Contrast that to most ageing western markets and its quite easy to say India could easily be a large part of the world economy in future.   They need the energy and growth from a number of sources, Venezuela is probably correct to make a strong move to be part of that.   
But yes it is some burden to offer that discount, economies of scale requires efficiency in order that having such a large trading partner is an advantage.  Crypto can offer some of that efficiency I think but obviously hydro carbons are a complex chain requiring alot of refinement along many points in order to call it a significant success in total.   I agree its not a simple situation but India is an ideal trading partner to have on the books.
9215  Economy / Trading Discussion / Re: What are common mistakes and problems of the traders? on: May 07, 2018, 04:56:20 AM
I can enumerate some of the mistakes of problems that I myself have experienced since I am an trader but not pro  Grin Grin

1. Lack of patience
2. Emotion first before strategy
3. FOMO or Fear of Missing Out

Yep I can agree on all those, basically it comes to one thing where the market is controlling you not vice versa where you are using the market to take part in a trade on your own terms.   Somehow even with this knowledge its hard to stick to your own defined terms of engagement.   It really is better to just wait for your own opportunity then try and chase or enter in a bad way you are not actually comfortable with.

I would add over exposure, as a new trader try to learn with lower amounts.  The gain being experience mostly, dont be driven just by the difference gained in your favour also the gain is increasing confidence and knowledge.    All markets repeat themselves in various ways so its good to build up personal involvement not be overly committed immediately.
9216  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela on: May 06, 2018, 02:55:29 AM
[UPDATE] Maduro stated that the Petro has collected 3338 million dollars (or equivalent). He also said that this money comes from negotiations with large companies, not small-medium investors.

It is unclear whether the negotiations with large companies (like Indian importers) participated in the ICO like everybody else or used different channels. In my opinion it's likely that these negotiation use different, high level channels.


You call it negotiation? Maduro just pushed companies into buying coins...

LOL international law... share the bottle mate Grin
I have to agree, they can exchange worth in any medium they feel like.   India could use gold if they wanted but they use it as a reserve.    They could send over cattle for the oil if it was agreed, theres no law on this that I ever heard.   Crypto is a quick transaction if nothing else.   The sanctions are USA and EU based not UN ?


Offering a lower price to facilitate trade would be the oldest form of negotiation there is.   Comparative advantage would be that Venezuela has far too much oil and India has far too little for their population, its a natural dynamic they would both benefit from this trade.  Many will argue Venezuela needs badly to improve efficiency problems
9217  Economy / Speculation / Re: 2018 good year or bad year for Cryptocurrency ? on: May 06, 2018, 02:42:42 AM
Do you predict crypto to get to new highs or the opposite ?
I speculate a sharp decline on Cryptocurrency specially  Bitcoin this year.
Call it a inner feeling.



No you already know the answer to this question.   If your frame of reference is years then 2018 compared to 2017 and prior 2016 then BTC is now doing stellar, just the fact we are around 10,000 or even if it was half at 5,000 is massive for bitcoin.

People get overly focused on just near term horizon but overall bitcoin is making good advancements.  Not even just price but overall the protocol has become more capable and able to convey global transactions.  I'm optimistic so long as the development is going forward positively which I believe is the case.
9218  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2018, 01:54:59 AM
^^  One of the tweet links posted includes a phishing type scam where its duplicated the appearance of the Elon Musk account (verified blue tick also) along with a request QR for funds on a lottery in the name of Candy he mentions.    Kinda sad

When he speaks like that its not especially appropriate for a CEO, I dont personally care and I hope the guy has fun or otherwise whats the point.  But as the head of Tesla he is doing harm quite probably, refusing finance questions, etc.  Tesla shares should probably half in valuation to be realistically priced, I expect quite a few dont appreciate the lax attitude and its crappy the scammers are piggybacking off him like that also.  I couldnt spot any category to report scamming, it might be an obvious scam but it'll catch people I have no doubt.  

Quote
https://www.bloomberg.com/news/articles/2018-05-04/musk-hung-up-on-ntsb-chief-in-testy-april-call-about-tesla-probe

Just weeks before Elon Musk held his fractious conference call with Wall Street analysts, he hung up on Washington’s top transportation accident investigator.


Robert Sumwalt, the chairman of the National Transportation Safety Board, called the feisty builder of new-age cars and rockets on April 11 to tell him that blog posts by Tesla Inc. casting blame on the driver of a Model X for a fatal crash had gone too far. The NTSB had earlier warned Tesla not to make statements about the accident while it was being investigated by the board.

Sumwalt then said he was taking the unusual step of kicking the company’s representatives off the investigation.

“Best I remember, he hung up on us,” Sumwalt told attendees of the International Society of Air Safety Investigators’ Mid-Atlantic Regional Chapter dinner Thursday. It was his first public comments on the exchange.

Quote
Insert Quote
I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

Its not deliberate, just a confluence of selling occurs around simple round numbers.  Anytime the market unites on idea expect significance and action in that place, doesnt make it 'true' as such just some eddies occur in this area.      It might be the weakest form of resistance, hence why BTC looks quite bullish  despite the hesitation.
  I actually think the 200 moving average just above is going to matter alot more and confirming back above will be far more important.   The 200 moving average is still rising, not flat or declining which Im told is significant and adds positively to the outlook outside of short term.
9219  Economy / Services / Re: [43/50] Receive 0.0025 BTC for your review of a new bitcoin mixer BESTMIXER.IO on: May 05, 2018, 10:10:55 PM
my review :
I gave this a go, its actually very straight forward and no hassle design to use.    I'm naturally very cautious about double checking everything, especially with a new site I've logged onto.    In this case there is really not any excuse for apprehension as it doesn't even need logging into or any kind of catch or small print complication to the process.

Everything is laid out pretty clearly and sliders are there to adjust a couple of values which helps add a personal random factor to your mix very simply.   I did hover over the explanation briefly and its quite clear what each slider is doing and why and how this effects the mix strength or anonymous distribution over the blockchain.     I really do think every site should be like this for the masses of people out there who might have use of crypto but really dont want to have to be fluent in hexadecimal in order to use it, this is just point and click design and requires no prior knowledge or study to go through.

As far as criticism, I cant find much.  At one point I wanted to click back (but that wasnt possible) to double check my address but I realised after this isnt necessary anyway as the process involves a short text file giving strict details of the transaction including the LTC receipt address I was using.   At no point was I tied in or forced to proceed in any case.   There isnt a tricky time limit to race to meet, its simply a 24hr window and send when you feel like which is great as some places are slow to send out when I request it.    The delay in the mix is set with a slider so I also know when I will get the coins back, which is good.
It gives a discount code for return customers, the only idea I can think of quickly is the return code could be tied to random icon and personal phrase for security, personal recognition of the site.  Since theres no login that might not be relevant.

Fees are stated outright before sending with a quick calc on the address page so its certain what you will get back post mix.   I personally like the colours and layout, pages loaded fast, the confirmation of coins sent to mix was fast and its an ideal site design for me on 1080p desktop.

[I have received BTC as per OP, I actually used the site a few times now and it works well]
9220  Economy / Speculation / Re: Bitcoin price 10k $ on: May 04, 2018, 02:34:09 AM
10,000 is not the problem, its some of the obstacles surrounding it.   Heres my view on last look:



Whats really in this area is the 200 daily moving average, its just over 10k 
This is more relevant because it applies in every nations currency not just dollars so it holds a global reference.  Strong resistance over that is about 10400 which is both a long term trend and its also a Fibonacci line.   

The recent high now is higher then the previous high so its still a bullish movement so far as I can see.   It just accumulate a little more interest around here before crossing over some of those points higher, 10k is just a psychological reference its not important as the 200 day average.
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