Probably just a question of size I think, I doubt Apple look into every project submitted with equal time.     I cant see a point to blocking a simple wallet, its not like it would enable exchanging to FIAT money or some greater concern of regulation.   Unless it included advertising or something they objected to, I imagine they control that virtual real estate quite closely.    Apple has profit margins of upto 70% partly by guarding access to their userbase from simple open competition, ie. pc repair is something they try to avoid.   

I agree with that, even the bears get tired after a while.   The bear dont walk around on two legs all day, he drops down, eats a bit and maybe even takes a nap     Even the most fierce trend does not continue without rest or reason.   

Theres enough reasons for the bulls to take over for a while.   I believe however we will consolidate in this area generally though, again no rise goes without some selling.  Both trends have to renew in order to continue.
So I think 7400 to 7700 area is where it could come to more of a rest.   It would be bullish to pullback and consolidate in this area before challenging any ceiling higher

Its nice in adding credibility and Blackrock after buying out Barclays is the worlds largest investment operator I think but I'd also be a bit more cautious in optimism as any bank will try to play both sides.   
I wouldnt just assume they will be investing, they may just also be looking for ways to short the market or just add the headline idea of crypto while just collecting customers details to sell other products.

Also I think this recent rise is more down to a BTC ETF being possible then Blackrock which is a company that would still need to retail that product.   The ETF is likely to be used as a trading option for various operators on stock markets so it'll be quite highly used.     

I still prefer if people used BTC directly, just these funds to hold indirectly for the purpose of gaining a price is not such as big deal to me.   I see BTC as enabling finance in areas with no reliable banking, that'd be a massive change and represent genuine growth if it were to happen and engage people otherwise not connected.

Sorry for commentating again so often but the Europe is socialism theme has been said for decades and EU keeps on going anyhow.    Its not really tending towards extremes quite that much, the politics certainly appears that way but overall the countrys are mixed in their purpose and aims.   Germany is one of the worlds greatest exporters for example, any interference with control of that industry operation would not likely be tolerated and lead them into an obvious loss.   So long as they retain the ideas of democracy I would not fear Europe will become this negative or extreme any time soon, I dont see this as a trend increasing is my point. 

The biggest warning of a socialist move imo would be in the interaction between banking debt, government debt and the ECB.   Done correctly the debt is bad and some defaults should occur, this reorder is necessary.   If that common order is disrupted, it favours unrest and possibly this idea of seizing assets to favour the common good.  That path leads to ruin as Venezuela has shown most recently.   If all these governments' budgets were in surplus I would not think this possible at all


https://i.imgur.com/xwjwc4c.png
Quite an obvious barrier upwards, 6800 as mentioned a few times.    Indicators are neutral seems like and 50 day moving average flat.   This is just the April low, on balance nothing especially bullish required to challenge this area rather then retract as if it were a solid ceiling.   I would guess we surpass it and in doing so there is a bit of a rush upwards, 7400 to 7700 being the most obvious target which is a previous channel trend and a previous ceiling.   I dont think it would go past that without selling, consolidation.

This recent higher daily low area was quite good reason to be positive now I think



I'd agree in plain numbers but for a nation, its people are its most valuable asset and the best source of growth possible.   People are exponential in their capacity for productive gain, to not favour the good health of your nation as much as possible could be considered the worst form of malinvestment.

Saying that, only basic health care in line with advances over decades is that feasible.  Cutting edge, high cost health care should probably always be private.

I'm a massive fan of simplicity tbh, the smallest thing in iteration can lead to great things.  The answer is far more likely to be correct when it doesnt require a long justification and explanation.   But its no good forcing either side, most of us dont have perfect clarity it takes time I guess

Quite funny there the definition is almost contradictory 

Yea seashells of a special kind were used for hundreds of years apparently.   I dont know the full positives & negatives to that but it worked well enough to convey value over wide areas and trading apparently.  Jim Rickards mentions this and a few other standards while still criticising Bitcoin he acknowledges it is money.

I do think this very simple view of bitcoin via a picture (3D model format even?) is really important for mass adoption, not the QR code or the super long address.   Even the phrase mnemonics is not really it, people need a handle to be more comfortable with Bitcoin.   That'd be a game changer, slightly over looked or undervalued in the effect it would have to common use.


Bitcoin price accumulating it seems, its back into a positive phase now I think.  I wonder if that could be a very lazy way to trade it, just buy when its above a 7 day average or so and sell before it loses that momentum.   Not sure but would make a good virtual trade to try out.   We all know Bitcoin when it runs is extremely capable of gains so just hoping onto that positive move is probably quite smart for those of limited means especially who cant just hold and forget.
I'll give credit to nictrades here from twitter for underlining a while now that Bitcoin had broken a negative trend.    However markets still thinking about it imo, has to go above 6800 so not exactly vibrant action imo either


Its done that way on purpose, its a form of tax effectively.   The difference in value generally credits in the governments favour who issue that currency without cost, restraint or any redress from the population using it which is the entire world.      
1% PA lost over the course of your working life, results in a 40% loss of value roughly [0.99^50].    If you saved your pension in cash you'd be a poor man

I'll argue against this just because I think it leads people to the conclusion capitalism is evil.   Capitalism wants to produce as many guns as possible because its profitable and they want to sell them widely as possible, maybe creating power imbalances.

I'd say its not the companies competing for business which is creating the imbalance with this buildup of ammunition and war technology.  I think it goes back to the governments and their noncompetitive control of economies and spending of GDP within that nation.
I've owned a few defence related shares before (anyone with a company pension probably does) and most of their business revolves around gaining the confidence of large government spending  budgets.   Thats make or break for them to get a cut of that pie that only a centralised government has the power to hand out.

The population of Saudi Arabia given a choice to spend their own money would be looking for aircon technology far more then weapons.   Defence is an easy argument but setting a war with neighbouring or even distance countries is more likely the powerplay of politics and doing so while spending money which is not their own.  The War is destructive and on a very personal level there is little gained from violence, most people feel this way imo.    Government which has no interest in making a profit is most interested in war which results in no gain for the participants, the basic logic that war is loss goes way back and it definetly seems true in the nuclear era.

I'd go with what Ron Paul says on this subject probably, I think as he saw both sides of the war, spending and funding by government of the military business sector.

By that measure England won the world cup in 1986 based on some bloody awful referee decisions.   On that basis I have no choice but to concur.    The whole way some fluky decision can change the whole game is displayed in the idiots who roll about on the game like they are five years old.   '86 broke my heart and never had as much faith in the game to deliver a dream result since.   Most people will not forget Croatia's achievement anyhow

Saw this posted in discussion and figured it has relevance to the ongoing case for Proof of stake over POW
It does seem to me like cost to operate will be an issue at some point to challenge the success of POW coin like BTC or ETH

https://bcfocus.com/news/ethereum-co-founder-vitalik-buterin-comes-up-with-seven-difficult-questions-for-the-cryptoverse/18297/

DPOS white paper comes after BLK but I have read any POS usage criticised in a similar way



BLK new coins only turn out in a small amount to BLK holders via active wallets forming the network.   Theres no possible ASIC use, the capital requirement mostly comes from holding the BLK itself not 3rd party manufacturing like ASIC technology.
The last mining done on this protocol was over 4 years ago now and then it was only briefly distributed in this way, the thread is new/remade but the BLK coin is not even slightly close to new


Yea I can see that would be the case in theory and anyhow it will interesting to see.    This concept reminds me of this real event from pop history, again no value is lost by this action but still you got to agree its kinda unbelievable:
https://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Quid

https://i.imgur.com/Cpklx7E.gif

If its a friendly match after the world cup ended I'd view it like that, I can remember Germany winning the world cup and then losing to Wales.   It was an away game but still doesnt make much sense except in that context of just a casual game.   For this game 3rd or 4th does still matter to them and I expect a good match and effort by both teams, this is the highest place for England in a generation and there is alot of pride in the team to do their absolute best especially as they want to be viewed well for the future team selection.     For respect I think the World cup far exceeds the Premier League

Take a positive from your walk home.  People are moving so fast in modern life, so occupied with doing something else while they are travelling, maximising their attention in every possible moment they miss the simple calm thoughts that are required for a good direction in life.

The walk could be considered a negative, you had to expend more energy to get home and maybe you were hungry and thirsty by the time you arrived.  Or it could also be a negative, some exercise, some time alone to consider your overall strategy in both life and also your past times like gambling.

It could easily be you gained from what you saw as a negative event.  All depends how you handle it and your frustrations maybe.    Alot of things in life can turn out ironically, we are greatest in our recovery not so much just winning and being lucky.   Hopefully you get what I mean.

I do think its best people only spend what they have spare, so this forced time out by walking home was symbolic perhaps and you took further time to collect your thoughts and come back stronger

Its the average price over the year that probably matters most.  People often look at 200 day average and also 50 for these reasons.

Heres the reaction by price to some support today, the targets overhead are 6500 and 6800.   Measure it negatively by the supportline just underneath current action I think, this price relates to the late June recovery so we do not want to lose this while retaining a positive price attitude 

1.   This was security of 3rd party sites not the protocol

2.   Perception matters such as confusion on failures in security being associated with the operation.  That is a large part of growth, perception and practical experience

3.   This one is just politics and ultimately Bitcoin should transcend such factors and in this it is a strength not a weakness.  Politics is in potential a negative for every personal freedom, BTC must be a positive to be of use


Heres a similar article I read laying out feasible dynamics, might be of interest:



https://www.bloomberg.com/view/articles/2018-07-11/bitcoin-looks-more-like-gold-than-a-currency?utm_campaign=socialflow-organic&utm_content=crypto&utm_source=twitter&utm_medium=social

Bitcoin is quite unique as a commodity.   They arent going to produce more in reaction to any greater demand, almost every other product or commodity you can think of will also see people increasing production.

So what happens with fixed regular supply but irregular demand is the price is likely to jump around more.    The price can certainly rise alot more just because supply will not reach demand, we just need that condition where all available supply is exhausted from selling.  Ironically I think some people are more likely to sell the lower we go, funny that they would have got more to sell higher but they will sell near to the bottom which is where demand becomes greater because every person who was going to release supply into the market is no longer on the sidelines.

Its a process of time and also the price activates peoples fears.  However Bitcoin the product is not changing by the price it goes to, its essentially the same thing not diminished.  I believe the fees levied against it did more harm to the product as it reduced the available participants to only the largest players.

Maybe previous damage must be unwound before we can see that recovery.    If Bitcoin is efficient it should continue, thats the bottom line I think.   There are billions of people out there who are really not rich in money but have alot of potential in their hearts, skills and talent they carry with them.   If bitcoin can enable the potential of human beings, even the poorest and as a product it does this better then other competing ideas like the Dollar or bits of gold then it will return stronger from this fall.  Its not just numbers but utility that matters in the story longer term.

As a bottom price that is nothing because the bottom is usually quite brief and not traded by a vast amount of people.   Just a spike down to 4975 as a reversal would be not be a big deal.    It really depends on how it reaches that price.

If we gradually descend then I see the upwards movement after as being much slower also.   I was actually expecting a lower price but also a short duration so not as quite as bearish as just reading the number alone.  I think the context of the price movement probably matters even more

I think its likely to first rest at 6100 area even if negative from here.    I think more likely is that it goes up first and confirms the previous pricing as a ceiling, that gives more confidence to the bears to sell or even add shorts to bring it down and gain themselves a profit.   Shorts tends to be very cautious about getting trapped in a rising price so they'll hop onto resistance as a good launch point for negativeity and a failure to rise through it could help their case.



BTC can spike up quite easily so I believe they might wait momemtarily for 6,500 to at least be nearby before opting to take a negative view with borrowed money/btc.   Generally I see this action as negative so long as we remain below that blue line

The most optimistic view I've heard is we are just tracking sideways while we wait to break through 6800, this is the most important place to switch sides and go positive if you see the market mount this price hurdle

Why should anyone have to hide honest intentions to spend money they honestly earnt.   The only negative I can think of here is people who go into debt to gamble, then yea thats risky and should be avoided and it probably become too much of a habit and should be discontinued not hidden.

How I spend a wage packet is my business nobody elses.   If I want to spend my earnings on a bottle of whiskey and a pack of cigarettes and ruin my health a little its my business, in fact because of the tax people should be thanking me for my additional contribution to the country's endless budget fiscal spending.
If one guy isnt paying taxes like this, the burden will fall on others some of who had nothing spare.   There is zero to apologise for or hide imo.   Almost all sites allow players to ban themselves, if you have any regrets then go ahead and suspend your access to the site

I'm not sure if I should really reply to this thread or not but I guess any site can be questioned generally.    The basic point is for such a long term business they have more to lose then to gain by any dishonesty.  Reputation, recognition and trust is hard to accumulate and is a large benefit of the operation having been around for so long.  

The reason I'm posting is that I recently went to setup a new Fortunejack account. Its a requirement for this campaign so I go to do that but realise I actually already have an account.  I forgot but I've been around crypto for over 5 years this can happen.   So great, I log in and its got a balance even after all this time.  I'm pretty sure I haven't used it for donkeys years but the account is intact with a nice bitcoin balance left over from when I last used it.    If there was any dishonesty going on they could  just scan unused accounts and capture unused funds like this.     So I'm just mentioning it accidentally as a test, they have kept the account integrity for ages now.  

Didnt this just happen, I thought there was a massive change in the law recently or perhaps it was a court review and the dust is not yet settled.   Gambling is to be legal in every state or did I get that wrong ?

Billionaires influence is not as great as the governments need to raise tax revenue to pay its debt.  Billions is little matter compared to trillions on the line for government.   I think they want to avoid global competition and every crypto gambling by making companies able to operate across the whole federal jurisdiction of USA not just special areas and native lands.    Ultimately it would be a familiar story if that did happen, state lotto just aint cutting it no more.

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=124876
FortuneJack Username: STT
Current Amount of Posts (Including this one): 3246
What other platforms are you active on (Like twitter, reddit etc.):   I use twitter and many forums including Reddit and discord daily

I remember these from years back but the all aluminium engine Ive not heard of before.  Is that an asset for the older car, I've no idea how people decide whats going to be popular.  On another forum I know someone got a F40 in the last market crash, its price appreciation since equals its acceleration.   If it was me I'd want to buy a De Tomaso  apparently is easy to work on

The funny thing there is a classic cars are often tax free in terms of an asset appreciation or capital gains tax.   Im not sure about fine art and other things, there might be a few assets which are actually quite clever to hold for their long term value or at least ability to hold value over time.    If you happen to also love the car or whatever asset then its a bonus.   This is easily arguable in terms of diversification, so long as you believe the price is not inflated wrongly for some reason its personal judgement on that one.


Also I post because I saw very similar article just recently - https://www.bloomberg.com/news/articles/2018-07-09/vintage-porsches-683-gain-fuels-returns-in-carmakers-homeland


Also would help to know a good mechanic.   In terms of the Lambo meme, generally people refer to new cars which often is a heavily depreciating asset.   Not always it depends on production vs demand but usually not a good idea, imo kinda pointless unless you also have the race track




Judging by a ratio could be of some use.   I think they are arguing the total market cap is overvalued if considering an average ratio vs transaction value done since 2010