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941  Other / Meta / 1st April update? on: April 01, 2018, 06:18:10 AM
Just found this thing. It seems to be a 1st April forum feature. Does anyone have the same thing? Is that a random numbers or they are somehow based on forum activity? Also what means "f" in fMerit? Fucking merit? Cheesy  And why da helldo I got only 2 imagination?
Thanks for the feature and sorry if I've missed the thead that is already discussing it (if there is one).
https://imgur.com/a/pdw5r

UPD: Thanks for the link. Locking this thread. Sorry Smiley
942  Economy / Economics / Re: THE BULLSHIT EU'S PRIVACY LAW on: April 01, 2018, 06:10:26 AM
These law may be causes some disadvantages to blockchain organisations like some exchanges in Japan or Binance in China might delay their operation movement plan to EU, but
The usual buisinises are working for years with this resulations and they feel fine. All those foreign marketplaces, payment systems like PayPal etc. Why should it make some sort of special harm for crypto related businesess while they are acting the same way?

- It totally conflict to the blockchain core feature. For example, the law says that users can revise and delete their data if necessary. But in blockchain, demolishing a block after it has been built is mostly impossible.
What kind of information are you storing on blockchain that you will prefer to delete with a legal support? I doubt that your request to hide all information about your money transfers will be approved by your bank or any other payment system.

- This law totally exhorts to the centralized data storing companies like Facebook or Google, where they can easily collect and control users' data, and abuse it for their profit in a "reasonable" way.
Companies like Google can do this because of their monopolistic position on the marker, which is obviously backed by some laws (but not this one).
943  Economy / Trading Discussion / Re: MOST PROFOUND THING YOU LEARNT SINCE YOU JOINED CRYPTO TRADING on: March 31, 2018, 10:10:58 PM
In my case the most profound thing is that crypto trading is not that special as many people think. By trading I understand the process when you buy crypto with a leverage in order to sell it in a particular point (by stop loss or take profit), that is usually less then 1 day. When you hold your position for a long time waiting for a pump then this is more like investing.
Crypto trading in some cases may be less attractive and profitable then forex trading. All this crypto volatility may be easily compenssated with a higher leverage on forex but in exchange you will get more stable market that won't suddenly dip if someone in chinease government say anything about crypto.
944  Economy / Trading Discussion / Re: Resources to learn crypto trading? on: March 31, 2018, 04:52:40 PM
Next time try to scroll this board a little bit. I believe that I already been posting this ling not so long ago.
You can get inforbetion about TA from any reliable forex course. There is a lot of information in the internet but the problem is to find something structurized that will gather everything you need in a single place. I advice you to take a look at babypips.com
There are also many forex brokers that have fiat pairs. You can try to open a demo account there to try yourself in crypto trading. They have only major pairs but crypto exchanges don't have demo version at all so it will still be a good choice to pracrice yourself.
945  Economy / Trading Discussion / Re: MARGIN : should or not ? My share about Margin on: March 31, 2018, 01:18:13 PM
Quote
8. MARGIN IN THIS MARKET SHOULD ONLY BTC AND TOP COIN

With this point I can say that this is only made for the people who has got big bucks in the deposits. Also, I am good holder and I will never accept myself selling the BTC and top coins so quickly as you have mentioned in your tips.  Tongue
What should stop me from depositing 100 USD to bitfinex account and start trading? Ofourse while trading major pairs they won't get x2-4 pumped per day but this will be more serious type of trading on more stable and established market that will allow you to use your skills and manage your risks. The amount of your initial deposit doesn't matter there.

the truth is Margin created for them who want to gamble.
nothing more than that.
Margin was created to increse your benefit. It is normaly used in more traditional markets for obvious reasons. Imagine how much money should you have on your forex account in order to benefit from 0.1 cent movement.
Trading is a process when you need to show your skills and minimize your risks while in gambling you are relying on your luck from the very begining. If you concider margin trading as gambling then you should probably never try yourself in this field.
946  Economy / Economics / Re: Bitcoin Mining Costs Throughout the World on: March 31, 2018, 12:11:02 PM
The calculation of direct mining costs is inaccurate when you are including unstable countries yo your rating. For example in Iceland and Quebec miners are less likely to get some troubles with the law. In this countries they can be sure that their field of duty won't be counted as illegal, they won't be unfairly charged by the government and they can work and develop their business without any worries. Their property and their rights will be respected.
Meanwhile Venezuela is one of the most dangerous countries in the world (don't remember the exact place, it was somewhere in top5 of the most dangerous countries). Beside the chance that socialistic government can "nationalize" your  business you can always get robbed or someone can break into your house and kill you in order to obtain your highly expensive equipment. You won't just face a legal threat but also a physical. If you are trying to calculate how attractive are such countries then you should also count those issues.
947  Economy / Economics / Re: Japanese IT Giant Fujitsu Launches Blockchain Center in Europe on: March 31, 2018, 11:15:46 AM
Okay. I got your point! Well, we can't predict if the fujitsu will run a cryptocurrency because it may or may not. But up to now, we can consider that it will not affect us much. Probably, if the Japanese company will launch their own token and ICO, that's the time that all of crypto enthusiast will be benefited.
Hopefully they won't launch their own cryptocurrency. What's the point of creating a new coin in order to sell it for the other coin and accept as a payment for your services? If they need to accept crypto then they may just accept bitcoin but they don't have to because they are probably fine with fiat. They may concider to gather some funds via ICO but why? It is already a huge and established company. They won't bother themselves with this crypto stuff in order to recieve a couple millions.
I hope that they won't create their own coin because market is already full of such useless garbage. Cryptocurrencies need wo show the world that they are really worth something.
948  Economy / Trading Discussion / Re: The market is not designed to be predictable. Or is it? on: March 31, 2018, 10:13:27 AM
Just hold your positions fellas, you don't lose anything until you sell.
I already imagine how some traders had opened positions with a leverage, holded them since 8k, removed stop losses in order not to lose because "you lose when you sell" and got all their deposit burned with a red fire fueled with leverage. I hope that anyont who read this topic will be smart enough not to follow most of the great advices from this forum. This must be another important rule for all newbies.
949  Economy / Trading Discussion / Re: day trading for quick profit on: March 30, 2018, 06:06:33 PM
It depends on the initial abount of your deposit. With 1 BTC those 50$ could be earned by catching a small fluctuation during the day even without leverage. But this will be more about your luck then experience, suck movements can be really fast.
The other important thing is that your income from trading will never be fixed. Even if an experienced trader will make a chart that will show the growth of his deposit then it will never be an upcoming line. With your deposot sometimes you can get +1-5% on one day and then lose even more during the next week and then get back to the positive balance. Trading is not a job with a fixed salary.
950  Economy / Economics / Re: Japanese IT Giant Fujitsu Launches Blockchain Center in Europe on: March 30, 2018, 02:33:21 PM
As we can see in above article, we will notice that Japan slowly integrates the blockchain technology. And it is a good news for us crypto enthusiast that Japan, one of the most advanced and developed country in the world is moving towards the innovation of cryptocurrency.
That means absolutely nothing for us. Blockchain and cryptocurrencies are different things. For example some company can store its data on decentralized blockchain for better safe but they won't have to use cryptocurrencies and we will not benefit from it. The technical progress is ofc good but I can't find anything super usefull here. In some cases mass adoption of blockchain can even harm crypto. Foe example: companies hire blockchain devs to develop their own data stuff. That  burst salaries for this kind of specialists (salaries ale already high in this field) and it will be way more expensive to develop any crypto related projects without strong financial basis.
There can be even more negative sides, that's just the first thing that came to my mind.
Why is it absolutely nothing? Where does the cryptocurrencies alligned? Cryptocurrencies used blockchain technology. All of projects I've seen had their own blockchain technology.
Yes, they are both different in terms but they dynamically function as one. Blockchain technology as well as cryptocurrency are interconnected with each other. There can be no cryptocurrency without blockchain technology.
Don't say it is absolutely nothing because you don't know the future. In addition, why does the company will store they data in a decentralized blockchain? They will store in a PUBLIC ledger?
Because it is different blockchains. For example a company can create their own decentralized data center to lower their expences. It is not necessary to use cryptocurrencies for that (unexpected, yes?). In this case it will be the same as if people in china  start using spoons, according to this logic the "adoption" of the technology should somehow benefit me. You should have cryptocurrency to use blockchain.
It means absolutely nothing for me because they are not using cryptocurrencies. I shouldn't see the future to know that.
951  Economy / Economics / Re: Japanese IT Giant Fujitsu Launches Blockchain Center in Europe on: March 30, 2018, 12:07:39 PM
As we can see in above article, we will notice that Japan slowly integrates the blockchain technology. And it is a good news for us crypto enthusiast that Japan, one of the most advanced and developed country in the world is moving towards the innovation of cryptocurrency.
That means absolutely nothing for us. Blockchain and cryptocurrencies are different things. For example some company can store its data on decentralized blockchain for better safe but they won't have to use cryptocurrencies and we will not benefit from it. The technical progress is ofc good but I can't find anything super usefull here. In some cases mass adoption of blockchain can even harm crypto. Foe example: companies hire blockchain devs to develop their own data stuff. That  burst salaries for this kind of specialists (salaries ale already high in this field) and it will be way more expensive to develop any crypto related projects without strong financial basis.
There can be even more negative sides, that's just the first thing that came to my mind.
952  Economy / Trading Discussion / Re: WHALES DIDN'T SELL THEIR BTC. (ANALISYS TABLE) on: March 30, 2018, 09:15:27 AM
Well, to be sure about the sellings you need to compare this kind of data with the market cap and 24h volume. People can hold their BTC in multiple wallets but I'm totaly sure that most people are hodling now. Many serious investors enter the market when Bitcoin wassomewhere over 5k. Dont think that they will sell in losses. I'm also curious how many coins do you need to move the price down during the dips when the volume is low af.
953  Economy / Economics / Re: Trump: "Amazon Pays Little Or No Taxes, Puts Retailers Out Of Business" on: March 29, 2018, 10:13:19 PM
President's concerns are reasonable but the situation around the postal system is not totaly clear. If it totaly works on governmental money (it seems like that from the president's words), which make the prices lower then the obvious solution for the problem is to erase the welfare in this field and bring more competition. If Amazon will have to pay the full price it will definetely slow down their expansion.
954  Economy / Trading Discussion / Re: Suggest some resource for learning trading. on: March 29, 2018, 07:13:24 PM
Take look at school of pipsology on https://www.babypips.com/
This thing is mostly about forex trading but all the stuff about technical analysis is absolutely the same on all market. On this websie lessons are structurised and explained in understandable language. You may skip some parts like intro and start from TA part if you are in a hurry but such knowledge will be usefull anyway. This is the basics that will help you to start on day trading.
The knowledge about Sentiment analysis is mostly comes with experience so you can just learn TA part while monitoring the markets and reading some crypto news.
955  Economy / Trading Discussion / Re: Attendance of crypto-exchanges dropped by 50% on: March 29, 2018, 06:23:52 PM
All these comparisons are not accurate. A person that gathered this data slightly manipulated the numbers. Such things should be analyzed on the continious period of time. Most indicators (in crypto, statistics, economics, anything else) can't grow all the time and they usualy have their peaks and lows. No one should look only on peaks, tey are simply not stable. It will be more informative if you campare the amount of todays visits with the visits a year ago. Then it will be more informative. I'm pretty sure that today crypto trading is more popular then it was a year ago.
956  Other / Beginners & Help / Re: Tether as Debt Security. And Tether Rich List on: March 29, 2018, 11:52:39 AM
Hm, why  Poloniex is also listed on this list (on the full version) while they don't have USDT pairs for a pretty long time? Polo doesn't have any fiat pairs for now. Also those 230 mln tokens on the treasury doesn't seem to be a part of the market. It seems like they store it in order to provide another "loans" if it will be needed.
You can also notify that they stopped creating new tokens after the investigation was started.
P.S. If CFTC will make their own audit and decide to erase Tether then Bitfinex will be probably shut down as they have the same people behind it. Think about it before making  a deposit on your Bitfinex acc.
957  Economy / Economics / Re: Bitcoin Manipulation Cartel — Price Suppression is their Goal on: March 29, 2018, 09:41:02 AM
All those actions against Bitcoin and cryptocurrencies sometimes really seem like a coordinated attack but everything is much more simple. It is a psychologocal stuff. I remember Warren Buffett in one of his interviews saying like "Those cryptos are shit, my bank is way better. If cryptocurrencies are somewhere better then we gona work on our bank system to beat this shit. Use banks." Not literally those words but heavoided all disadvantages of the bank system saying that they will fix it while BTC will die.
That seems like a pure psychology. You have a billion worth business, you are working really hard to promote it and become more competitive and then appear a bunch of people that criticize it. It is obvious that bankers will take defensive position and start critisizing cryptocurrencies. It is not needed to create a cartel.
958  Economy / Economics / Re: Do “penny coins” really have more potential? – a brief analysis on: March 28, 2018, 08:12:59 PM
So market cap doesn’t say anything about the potential of a coin.
It does. I'll try to explain.
Lets take a look at ETH. The coin is supposed to be a currency and a fuel for purchasing tokens on Ethereum platform if there is 1 mln coins worth of 1$ each and the current demand on ICO tokens is worth 1 mln then the price will remain at 1$. If some more ICOs will be released then the price will also go up. But if the supply will be 1 bln with the same demand then the price of 1$ won't be backed and will go down pretty fast. Current market cap helps us to determine the potential fpr further growth. If the MC is 1bln without any strong usage of this coin then it is less likely to do at least x2 while low caps can moon.

Psychology plays a 'greater' role in price = Yes x 2

The development of the coin and PR matters, not the psychology. Nothing will get pumped just  because of low price.
If that 30c coin had the supply allowing it to reach the market cap of BTC it would be exactly as difficult to influence its value.
It doesn't matter how much money you need to move a single unit. What matters is the part of the whole supply that you'll be able to move. You can keep buying or selling a million coins per day and it won't matter if the supply is in billions. At the same time if you could sell 1 million coins on the Bitcoin market, with a supply of 17 million, you'd be crashing the value within a day. I don't see anything to argue here, it's all simple math.
You are mostly right but imho the exchange volume plays more important role. For example during the dips more people are hodling their coins. At those times you don't need to buy the % of the total supply, just some of the currently treded coins. The whole supply probably won't be in the market.
959  Economy / Service Discussion / Re: LocalBitcoins.com Forcing me to Quit? VERY DISAPPOINTED! on: March 28, 2018, 03:59:49 PM
Lol, the OP is unstopable. He keeps creating new threads: https://bitcointalk.org/index.php?topic=3207297.0
Why are you so concerned about your KYC? What kind of data protection are you talking about? The service should protect your data from thieves, not you from the service. This rules are not just legal, they were enforced by the government.
I would like to tell you a secret. Your ID is not valid without you. No one can use it for you and if anything happen without your permission you will be totally refunded without any problems. The other thing is that you should think how many people already have access to your ID data: your employer, your university, huge amount of state departments etc. There are thousands of people that have an access to your ID. This kind of information is not worth anything.
960  Economy / Trading Discussion / Re: "The 1 million dollars story" or fraud from Okex/Okcoin on: March 28, 2018, 02:33:58 PM
Da hell means "and the least 900 ETH (around 1 million USD) we will take"? With all those fishy things it feels like you can fill the legal complaints to this exchanges in order to block them or solve the issue. Why no one is doing it? Can you withdraw the rest of your balance now?
Also from my own experience I can point out that chinease sometimes have problems with english, even when you are contacting the support of decent services. There might be still a chance that you've misunderstood each other.

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