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9621  Economy / Economics / Re: Bitcoin in Economics class? on: July 07, 2017, 04:13:04 PM
If the professor is bitcoin enthusiast, then I think he can inject some discussion it in his class or even require some of his students to go and research it. But for most of professor who are not into bitcoin, I doubt bitcoin will be touch as subject matter. Bitcoin is still in its infancy and only a small percentage of the population knew it. Maybe in the next decade or so we may need more class discussion specially in economy.
No we can see many university professors are working on altcoin projects as consults and advisors on different aspects of cryptocurrency systems. Bitcoin enthusiasts are everywhere hence must be there in academic levels too. That is the reason already some universities in Europe and North America are having blockchain technology as an elective paper. Yes, bitcoin and blockchain technology already became subjects for students.

But to evaluate the effectiveness of these must need some time but we can be sure it will help many students get into blockchain technology and those people will take bitcoins and entire cryptocurrencies into new levels for sure.
9622  Economy / Economics / Re: How can we push the actual use of Bitcoin ? on: July 07, 2017, 03:27:54 PM
I and many others just hold their bitcoins and wait till it gets worth more. But that is not how a currency should work. A currency is meant to be used in daily trades for groceries and so on.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?
When a commodity will be having a bright future, how we can expect people will be spending them ? This is what actually happening with bitcoins, people are into investment mode with respect to bitcoin, it might take more time for them to switch over to currency mode.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?
No one can define the actual use of bitcoin as currency. Probably the actual applications of bitcoin in should be two and the people are doing perfect already. Yes, the people who are using bitcoins for both investments and as currency. But, I agree the percentage of people who will be using bitcoin as currency must be significantly lower. But we can hope it will improve in coming days.
9623  Economy / Economics / Re: How can we make more money? on: July 07, 2017, 12:28:29 PM
I have new strategy and that is to invest in dice sites bankroll and also advertise potential good sites for trading and also trading ,poker freerolls and advertising poker sites and also signature campaigns,other investments sites are only ponzi scheme and you lose your money.
Bitcoin is overpowering the internet by storm. Many well reputable sites have already started or have shifted to their payment options to bitcoin already. It involves many poker sites as well which do their dealings in bitcoin. As a result it is more profitable to the customers. So, let’s take an example of some places where in Singapore there are 10,000 merchant accept bitcoin. And Now hotels are also accepting bitcoin as a payment method in Bangkok.
9624  Economy / Speculation / Re: Should long term holders sell before August 1st? on: July 07, 2017, 08:56:06 AM
If there is a sharp spike occurring before August 1 (i.e BTC over $5,000 per coin), then the users can consider converting a part of their BTC holdings to fiat. A correction is likely to follow, and they can buy back their coins at a lower rate.
No. Every now and then bitcon proposal to improve the system of called bitcoin improvement proposals-BIP are presented. On august 1 BIP148 will be presented and some speculate may be forced to be implemented.

Some people who do not completely understand this are just confusing this with a big change and making the bitcoin holders afraid of august 1st. But if you take necessary precautions which are provided by many people online and are simple to understand you will be far away from getting your bitcoins in trouble.
9625  Economy / Speculation / Re: Next Milestone for bitcoin?? on: July 07, 2017, 08:24:16 AM
As we see bitcoin start rising again what you predict about bitcoin's price by the end of 2017?? I predict bitcoin's price will be in between 3200$ to 3300$ by the end of this year.

Bitcoin is on the rise again, however, it is difficult to predict its future. Event 1/8 will be the effect of changing the whole bitcoin. Grow or collapse, continue or branch, there are so many things that we can assert its future.
It’s not much difficult to predict the rise in prices of bitcoins in future.
Let me tell you how it is possible to predict the prices of bitcoins in future. First look at the rate of increasing price of bitcoins and then calculate its average rate and then predict estimate price for any time in the future you want.

It is clear that there is growing and confident future for bitcoin currency. Because its price is higher than its reputation. And as soon its reputation increase globally its price start challenging the buyers and comfort the sellers.
9626  Economy / Speculation / Re: Could Bitcoin price increase to $1 Million one day? on: July 07, 2017, 07:53:21 AM
Some said it will.  What do you think?

(The estimated 2017 GDP in the US is $19.4 trillions.  If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions.  Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
It is possible.We could understand that if we had said that one bitcoin would be worth of @2900 in future when its price was just $1,they would have laughed at us saying that its highly impossible.But now that impossibility has become a reality.So,one day when most people know about bitcoins,there would be an ever increasing demand for bitcoins.But there would be no more new supply of bitcoins.So at that time,price of one bitcoin may become even a million.
Yes! Eventually this I going to happen over a long course of time. This obviously seems impossible to even imagine but everybody has witnessed from the past that the btcoin rose from $1 per coin to $3000 per coin. At that time even this goal would have seemed impossible, other than that bitcoin doesn’t even have a competitor, nothing stands in its way to more success so it is completely possible that bitcoin will rise to 1mllion dollars level.

In recent times there is another interesting speculation on bitcoin's future value like reaching one billion dollar levels but I believe that must be too early to go for speculating on that.
9627  Economy / Speculation / Re: BTC sudden price fall? on: July 07, 2017, 07:33:09 AM
The sudden fall is because of the news about Bitcoin splitting some are panicking for that is the reason they sell their coins. The news about splitting isn't clear yet for me because last time i heard though the pools are in favor of the split but the core developers of Bitcoin are not participating.
Yes some newbies have got panic and started selling their bitcoins as usual.Once again,a great chance for big whales to grab more btc before its price rises.Also,we could see bitcoin price recovering a little immediately after a fall.It is mainly due to the continuation of buy orders since bitcoin has users nowadays all over the world.
At some point they need to learn the lesson that bitcoin is at its strongest when facing great pressure, right now is the moment to buy, you could wait a little bit to get a better price but the moment to buy is now, this is not the right moment to sell for the simple reason that segwit is going to be activated soon and with that the price will skyrocket.
As of yesterday and today bitcoin price has increased and there is no negative change happening. Negative fluctuations may have happened in the past but they are minor as compared to the success of bitcoins.

If you see the rice going down the best option is to hold your bitcoins until price again rises. You can see many graphs on the internet which represent the price of bitcoin at different point of times is past and those graphs clearly show that if prices drop and you hold your bitcoins you will not be in loss as they are not going to drop forever.
9628  Economy / Trading Discussion / Re: What is the Biggest problem you have with trading / exchanging? on: July 07, 2017, 06:46:34 AM
I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

i got really bad problem bro, when i bought some altcoins, it continued to dump and when i sold some altcoins, it continued to pump.
i know im still a newbie, but this is really bad and sad lol .
You itself knew that you don't have a perfect understanding about the market. So directly don't get into the trading. Learn about the do's and don'ts of bitcoin and altcoins trading. Gradually start with a smaller amount and this will make things better when you go on further trading.
Yep, it’s always more safer to enter crypto market with small investments. Being new to crypto trading, it is an act of stupidity to start buying and selling with large values. Furthermore, we should have sound knowledge about market fluctuations and strategies to deal with unfavorable circumstances.

As discussed earlier, many people face severe problems in handling emotions. Never let your emotions overpower your mind. Trading is a slow process of making massive profits but it demands patience and courage.
9629  Economy / Trading Discussion / Re: So I want to get into trading. on: July 06, 2017, 08:54:53 PM
Obviously, I need BTC to get in but it seems like everything is high right now.  Should I wait till BTC is < 2k? Or ETH < 200? I'd like to get in and start trading alt coins.  But for me to maximize my profits in USD I need to wait till BTC is at a reasonable cost.  Or do you guys see it climbing to 3k in the next couple of months?


I think the bitcoin price is still unstable is still likely to go down or up, but if you have interest to trading with bitcoin can start from now to buy it. I think if have ability to trading it seems no need to wait bitcoin price down.
And buying a few bitcoins does no harm since you are gonna trade and you will accumulate bitcoins only, I mean even if the price is a touch high than the expected price but you will earn your profits in bitcoins too so you can easily compensate there.
I have been trading a lot and recently bought 0.1 bitcoins for trading too and I don't regret since the price has got up only and I have got some fine profits with my trading too.
9630  Economy / Trading Discussion / Re: Where should i invest 45 BTC risk free on: July 06, 2017, 08:28:52 PM
May be just put into your cold storage and wait for the bitcoin pump to occur. Grab the interest that you got as ROI after few years. That would be risk free for sure.

Although I see some posts here that invesment in bitcoin is not risk free I agree with you, because I think we can say it's 99% risk free. But you have to hold your bitcoins for that. If you invest them in a business it won't be risk free at all.
Of course, bitcoin is best to invest with least risk of loss. Bitcoin has no comparison in this regard. The longer you hold your bitcoins, the greater are the chances of making immense profit. Keep all bitcoins you have in your wallet and wait till the values go up. Maximum are chances there that values will pump in August.

One more important thing, trading is never risk free. You have already made nice profit. I have a piece of advice for you to buy as much bitcoins as possible for you and keep them in wallet. Good luck.
9631  Bitcoin / Bitcoin Discussion / Re: How did you first hear about bitcoin? on: July 06, 2017, 07:12:49 PM
I first heard about bitcoin early in 2013, an online friend was promoting it and I asked him about it a little, did not seriously consider it or buy in at the time and was merely a "small talk", Heard about it again in 2016 rise and this time I joined in, Missed allot of profit for not getting in when it was VERY cheap by today's standards.
Same is the case with me. I have noticed that in most of case, our friends are those who tells us about bitcoin. May be because friends discuss about making money with each other and make plans together of being rich.

Since I am a student, I was studying. My friend told me about the bitcoin. At first I thought he was joking when he told me that you can be a millionaire with a bitcoin. I didn't take it seriously. After some times had I had enough money, I just mustered up the courage and made a mind of gambling and taking the risk.

I invested in bitcoin, held it for 4 years . Recently I sold the bitcoin to a trader for the three times to which I have bought. I earned a lot. Now I want to risk more just because of the profit I got from this.
9632  Economy / Gambling discussion / Re: How to control greed on gambling? on: July 05, 2017, 07:58:42 PM
Most of the gamblers will get greedy if they have won big amount in beginning and at that time it will become very hard to control the greed as everyone will hope to win bigger and will continue to gamble and very few gamblers would be having that quality to control their greed.
You are spot on because greed starts from the moment we win anything significant in gambling. No one in this world wants to work hard for money and when we will with gambling we feel like its the easiest thing in the world.
For myself I set my limits like if I reach 50% of the profits of what I have deposited ( 1.5x )  ,I will just cashout my money and not look back for the day. And I won't deposit more than 0.025 in a single day at all and weekly max is 0.1 bitcoins.
9633  Economy / Gambling discussion / Re: Do you set up limits for yourself? on: July 04, 2017, 09:22:01 PM
We all know that gambling is not only a fun but also potential danger. So are you limiting yourself somehow when gambling? DO you use casino's instruments to prevent you spending more money?
Or do you just limit yourself by setting a certain amount of money to spend? Or you don't limit yourself at all?
Basically there are two ways, either deposit only what you want to set as a limit for that day or if you get tempted nd just deposit more then basically create one more wallet which you fund via your main wallet and then just deposit from your gambling wallet.

I have seen a lot of people make two accounts also on gambling sites like username and username_bank one for their playing and one for their savings.
9634  Economy / Trading Discussion / Re: Trading is unpredictable job. on: July 03, 2017, 09:03:32 PM
There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?

I can't completely accept with your conclusion that trading is unpredictable.  If you know what trading is all about am sure you will accept that trading is predictable. If you say trading is not predictable, it means there is no difference between trading and gambling. But there is a great difference between the two. The only thing you need to be successful in trading is a good knowledge of how it works, which I will recommend you Google babypipschool.
Gambling and trading both are ways different from each other. It is very simple to explain and to understand the difference in them. In trading you don’t lose all your money while in gambling you have a chance to lose all your money.
Trading unpredictability is up to the market like most of the traders may have invested in bitcoin, ETH, Doge or ripple or in many other alts which dropped its price and caused loses to the traders but still they didn’t lose all.
9635  Economy / Speculation / Re: is 2017 the new 2013? on: July 01, 2017, 03:12:23 PM
I do not think that 2017 is the new 2013 for the reason that the situation is very different.  There is already several countries that acknowledge bitcoin as money and some even accept that bitcoin is money and can be use to purchase stuff.  Aside from the the user base today is different than that 2013. And people are more knowledgeable today than way back 2013.  Aside from that, there are already major company that is involved in bitcoin that brings more demand to it.
Yes I agree that the 2017 is not either way a 2013. The bitcoin at that time and now were in a different situation. Today’s bitcoin is the one with a lot of supporters and users with a backing of several countries acceptance as a currency.

The bitcoin at that time back into 2013 was not supported by such a large number of users. There are many strong and loyal supporters of the bitcoin who believe in the bitcoin and its future.
9636  Economy / Speculation / Re: Are we going to 5,000 $/btc ? on: July 01, 2017, 02:49:27 PM
Segwit pump could lead the price to $5000. The hype will be real within one month.

I hope so it'll be in one month but I'm still having doubts on that time frame. Seems like it could lead to the price of $5000 probably by end of this year, but we'll never know it could be after August 1 too.
What would be the reason for that? even if the year ends in $3000 it would be remarkable, especially for the fact that the graphs show the sustained growth that lately  had, there is still the possibility that the price falls until 2000 or 1500 maybe before it recovers at the end of the year.
Yes the bitcoin price is currently down, but I'm sure the price will stay above $ 2,000. It is impossible for bitcoin prices to reach $ 5,000 in a week, a month, or in the near future. To achieve that bitcoin takes quite a long time, so it's still impossible. It's still too far to think of it and maybe I agree if the year ends in $ 3000 it will be remarkable. Bitcoin will reach $ 5,000 that's for sure, but be patient.
I am also optimistic about the price of the bitcoin that it will not come below the range of $2000 even if the segwit hard fork goes negative the segwit if went positive it will have a great impact on the price of the bitcoin and if it don’t reach to $5000 it will reach somewhere near to this price. Anyway I am confident that the Bitcoin price will not drop more the 10% it things went wrong.
9637  Economy / Speculation / Re: Bitcoin price after 1 August - Down 50% on: July 01, 2017, 02:36:22 PM
I believe a persistent chain split would be a disaster for Bitcoin and will almost certainly lead to one of the altcoins taking over Bitcoin's role. Probably Litecoin as it is the closest cousin to Bitcoin in spirit, which is why I have diversified part of my coins into LTC a while ago. I don't see Ethereum taking over, it's just too centralized and can't scale nearly as well as LTC can. Also Ether supply has no limit, which is a no-no.
I have the same opinion. I'm afraid that the date could affect everything in the bitcoin world. Buying some altcoin as an investment is a good thing, it can keep us awake if the bitcoin price has drastically decreased. Some altcoin does have a good prospect, I think litecoin, etherum, ripple and stellar have the same chance to be top altcoin.
Yes, there could be an opportunity for many of the Alts to take a place but I seriously think they still can’t take over the bitcoin. The price of the Etherium, LTC and ripple may grow high but I don’t expect them to counter the bitcoin and its price at all.

There are many people currently converting their bitcoin to fiat and to the Alts but still the ratio of converting bitcoin to fiat is high. In my opinion people will buy the bitcoin again but once the hard fork filth is over.
9638  Economy / Trading Discussion / Re: Beginner: Where to move forward on: July 01, 2017, 01:06:55 PM
However is strongly recommended to do your own research before investing any penny.
Yes, OP may get some overview idea from here but final decisions should be taken based on own responsibility along with research and analysis.
Because I do not think there will be no need to move away from bitcoin investments as bitcoin is alone having more guarantee to get good returns compared to any other cryptocurrencies. But diversifying must be a good idea but it should be done only by own decisions.
9639  Economy / Trading Discussion / Re: can you expain trade strategies? on: July 01, 2017, 08:56:30 AM
When you can buy cryptocurrency at a low price and then sell it at a high price then you have successfully done trading. There is no special strategy in trading, for me the most important thing is we can get profit. Because doing a good analysis but only bring a little money then it will not mean.
If there is no special strategy in trading then definitely you will never able to buy at lower prices as well you will never able to sell at high prices. Only through strategy you will come to know when will the high and low prices do happen.
I don't think so. You don't need strategy for you to be able to buy low and sell high since it's more on instinct and effortless since you just need to wait so you can buy low and sell high. However, applying strategy would give you a better trades aside from buying low and selling high.
How you can be sure the low or high price are occurring and we can make use of them ? Strategies are here to give us double confirmations. Continuously watching may give you some clear idea but cannot be accurate all the times, when you are entering a position by assuming as a low price then after you made the position also, prices may fall further to make you hit stop-loss.

I do not mean this will not happen when we will be using strategies, still the possibilities may shrink to less than 25% compared to going without strategies.
9640  Economy / Trading Discussion / Re: crypto currency trading Pump and Dumps complete guide on: July 01, 2017, 08:34:19 AM
Nice one really put up some effort in explaining it,
Thanks for sharing it for us and informing us about it really helps us, as a newbie in trading.
Don't be fully convinced, in my experiences it would be much better if we are not getting into such practices of manipulations by simply staying away from low volume trading pairs. Simple key is, they all can pump and dump only with low marketcap coins and with the coins which are having low daily trading volume. Instead of risking my capital with those pump and dump way of trading, staying out definitely secure my capitals.
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