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9741  Bitcoin / Bitcoin Discussion / Re: Bitcoin can never be be mainstream, because bankers and corporations.... on: June 01, 2018, 08:52:09 PM
I have studied bitcoin economics deeply and as we all know its very fascinating, but since the begining of paper currency THE BANKERS and CORPORATIONS have got o strong and are so much used to suck easy blood of generals that i dont think they will simply allow bitcoin revolution to pass, atleast there will be a WW type of bloodshed globally in order to this system to come into force completely.

It's true that bankers have a lot of power in terms of control and whatnot. Ever since banks were established, they literally just limped the helpless and trashed the needy by making some policies which destroys the average man's financial state while they still rake in profits. Although I want bitcoin to take over the global financial system and replace fiat completely, it simply isn't going to happen, but it still can exist side by side with other established currencies.


another thing USD is so volatile against bitcoin that people are so much worried to switch to bitcoin revolution, because in there mind everything is pegged with USD/FIAT, which i think is artificial.

People will always think about fiat as the end result of their crypto investments/profits since it is the only currency that is globally accepted, and the fact that you cannot use bitcoin for basic day-to-day transactions like buying groceries, paying for gas etc. If bitcoin can be widely used, I somehow think volatility will come down and people will keep their bitcoins as is.

--

In the grander scheme of things, bitcoin might seem too little to make a dent in the global financial system, but at least it's making some innovations on technology and helping people understand that they don't need to rely on banks to handle and safeguard their money. It (bitcoin) is making a change, albeit slowly yet steady for most people who knows it and use it.
9742  Economy / Trading Discussion / Re: How to HODL the right way on: June 01, 2018, 08:08:38 PM
This is simply bankroll management if you'd ask me, though an efficient and effective one. This prevents one trader from chasing and cutting losses since the trader only has a small percentage of his bankroll on the line. Also, getting a definite day to collect profits--whether it's a win or a loss--is a pretty good idea since you will not be regretting anything if in case the prices go up or down since you'll do it regularly. It also prevents you from making impulse decisions that may affect your profits and result to a loss. Reinvesting your profits is also a good idea if you don't need the money yet as it further increases the potential return on your investments especially if the asset is performing good.
9743  Other / Beginners & Help / Re: BTC in Mother-Russia on: June 01, 2018, 07:49:50 PM
To be frank, there's really nothing you can do if your government tries to restrict its users to use bitcoin or other crypto for that matter. If you have a booming crypto-related business in Russia but the government isn't too keen on what's happening with the cryptomarket and tries to inhibit its growth, you have no other choice but to cross borders and establish your business elsewhere. It's normal that some countries wouldn't like crypto to flourish since they only look at the negative implications of the innovation. I couldn't blame them though if they are doing this to protect their citizens from potential frauds and scams
9744  Economy / Economics / Re: Cryptocurrency wallets: Can they be hacked?? on: June 01, 2018, 07:19:48 PM
The only time these wallets can be hacked is if the user's security is compromised or is careless enough to give out private details on his wallet. Technically speaking, these wallets are pretty damn secure, though exploits can still be employed to get something out of it. There are times when viruses and malicious files on a machine where wallets are stored sifts through your machine's files to gather information regarding your wallets, bank acocunts etc. If you're careless enough, you might download these types of files and voila! Balance is gone. But if a hacker tries to crack a private key, that is theoretically impossible as one needs a huge amount of processing power to achieve such.

Just keep your machines secured and, if losible, encrypt your important files plus back up your data so when the unexpected event happem, you still have something to fall back to.
9745  Bitcoin / Bitcoin Discussion / Re: Regulation of Bitcoin on: June 01, 2018, 05:16:19 PM
Personally I don't think regulations would harm bitcoin in the long run given that people also need to find some sort of legal assurance if in case they decided to dive in the world of cryptocurrencies. Short-term, bears would make a fuss out of it to make it look like regulations spelt the doom for cryptocurrencies when in fact, it will actually do more good than harm. Long term, you'll see developments in services since consumer protection would probably be in place, helping consumers out if in case a 'hack' takes place. Price-wise, this isn't much of a concern unless regulations placed are unfair and don't help the consumers in any way.
9746  Bitcoin / Bitcoin Discussion / Re: How Far Are We From A Fully Decentralize System on: June 01, 2018, 01:41:11 PM
On my understanding, when you say 'decentralized system', you are referring to anything that runs P2P without any central authority mandating it, and bitcoin is a perfect example of that definition. The production of the coins are carried out by groups of miners all over the world and no authority ordered them to do so, they simply started hashing right away. Using it however is a different thing. You cannot say 'decentralized' or  'centralized' on usage since people have their own choice whether or not to use their coins in a single event, service or product, so your view on a fully-decentralized system is somewhat wrong.
9747  Economy / Speculation / Re: Would BTC shake off an ICO shite implosion? on: May 31, 2018, 11:24:43 PM
Up until now, I can't grasp the fact that a lot of people still see bitcoin and ICOs as the same entities when in fact, ICOs only use the shadow of bitcoin's success to advertise their (scammy) offerings to the public. If in case the crackdown for ICOs continues, I doubt bitcoin will be affected too much. It might get involved in a day or two since both belongs to the crypto market, but afterwards it would recover and simply shake everything off as what bitcoin used to do with these sort of things.

Many ICOs try to replicate successful ones and end up being scammy if expectations weren't met. ICOs would be put to end soon. Other cryptos might be affected but it will only be for a short while.
9748  Bitcoin / Bitcoin Discussion / Re: US investigates Bitcoin Price Manipulation ⛔ Who is Spoofy on: May 31, 2018, 09:38:56 PM
There are tons of traders who do this and tons of platforms wherein this is very evident. As what franky pointed out, if a user can match what is indicated on his/her buy/sell order, he/she can do it as long as he/she likes since you can cancel trades anytime and no one is restricting you to do that. Idk what kind of investigation will the US do, but I'm pretty sure they'd scour all through the user's trading history and do some extensive scanning. They would find something, that's sure, though I don't know what kind of crime would the perpetrators commit (if there's any) since spooking is really a vague (and somehow accepted) trick in trading.
9749  Economy / Speculation / Re: Throwing money to garbage no more! on: May 31, 2018, 09:19:11 PM
If you believe investing in bitcoin is like throwing money in the garbage, then better not touch it or go near it and just stay in the sidelines. One must first assess his/her financial capabilities before throwing money into an investment he/she isn't sure if it will be profitable or not. Most of the time, people think it's stupid to invest in cryptocurrencies is because they lose their initial investment due to poor research and lack of basic understanding on how the market works. if only these newbies invested time and not just money on crypto, they wouldn't be leaving a negative remark but rather learn from their mistakes.
9750  Economy / Speculation / Re: Right time to buy bitcoin "again" ??? on: May 31, 2018, 08:49:30 PM
You can't time the market and no one can exactly predict what's gonna happen within the next few weeks/months. While you're at it, I suggest buying when there have been some declines in the price and try to average your buys in order for you to have a good position in the market. In that way your funds will be ready in the next few months if the price indeed starts to get wacky and crazy. As for me, anything below $8000 or $7000 is a solid buy, considering that we haven't been below $6000 even if the bears are pushing so hard.
9751  Economy / Speculation / Re: Rotchilds and Wallestreet stopping the market rise ? on: May 31, 2018, 07:50:22 PM
I wouldn't wonder if they are already in the market controlling it at will whenever they like and wanted to, but this is yet another conspiracy theory IMO. Anyone can enter and leave the market freely without making any noise--unless they wanted attention or let others know that they are in--so there's a possibility that deep pockets in Wall Street and the Rotschilds are already invested and involved with the trading actions happening in the market. As for the previous rise, I would say that it's pure FOMO which lead us to $19500, and partly the Gox trustee's fault why it burst so fast since he just downed thousands of bitcoins in an exchange in one go. Manipulation has always been in private and public markets alike. Some of it are just too subtle to notice but others are obvious, just like the fancy spikes without any clear reason in bitcoin and other cryptos.
9752  Bitcoin / Bitcoin Discussion / Re: General Publics Perception of Bitcoin? What are your experiences? on: May 31, 2018, 07:28:07 PM
I've heard all the countless insults, name calling and belittling made by my friends to bitcoin when its price is below $1000. Normally, these people would mock me stating that I should divert my energy and time into somewhere else that could be of help to me or for us. When the news broke about bitcoin crossing $1000, these same people started to get curious, while I still try to stock all the coins I can get while it's cheap. Right now, these dudes are still trying to get in and familiarize with the bitcoin and crypto-ecosystem. What was once a scam and a shady piece of computer code became riches and gold to them that they want to have. Most people look at the face value of things and judge right away, and the same people would regret it when it's too late. Good thing I still kept my first few bitcoins since 2014 and sold when it feels like the price is gonna burst.
9753  Bitcoin / Bitcoin Discussion / Re: When comes big institutional money into crypto market? on: May 31, 2018, 07:03:26 PM
For all we know, institutional investors and deep pockets are already meddling with bitcoin after the first ATH. Methinks that they might be the main reason why we managed to cross the then psychological barrier of $10k which, to many is quite impossible to cross, let alone achieve. Also, it would be quite unusual for big money to ignore a booming and ripe-for-the-picking investment which is bitcoin. They might be around every now and then, especially when they hype the hell out of the coin and have already had a good position in the market, only to leave once they dumped everything into the hopefuls' sorry faces.
9754  Other / Beginners & Help / Re: WARNING SCAM AIRDROPS!!! on: May 31, 2018, 05:53:46 PM
Most newbies in the cryptocurrency world often get baited by these sort of programs that lead them to think that it's easy to acquire money with crypto. Turns out, they are the ones being tricked into giving their personal details because ICO/airdrop operators could sell these into advertising companies that net them a good sum of money or worse, be used in nefarious activities such as identity spoofing and credit card fraud which is the norms nowadays. I suggest people to stop supporting such kind of schemes and just work their way up to gather a sizable and decent amount of crypto to play with.
9755  Other / Beginners & Help / Re: How the value of BTC determined. on: May 31, 2018, 05:31:27 PM
Supply and demand is the major reason on the fluctuating prices of bitcoin, though I'm pretty certain it isn't exclusive to that. You also need to take into account the recent news surrounding the crypto ecosystem alongside other foreign events that may affect crypto in general. Traders' sentiment towards the market (well technically this still falls under demand) also affects the daily ups and downs of the price. If traders think that the market is in for a slump, they'd sell, price lowers; if traders think the price will go for a run, traders buy, price increases.
9756  Economy / Economics / Re: Bitcoin and Economy on: May 31, 2018, 04:23:17 PM
We all know that the development of a certain country comes from the taxes of its citizens

You also need to consider the business that are established within a certain country's soil are obliged to pay taxes to the government and isn't exclusive to the working individuals/citizens of the society. The taxes of the citizens contribute to a large portion of a country's budget but it isn't the only source wherein the government get its funds from.

and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

Wrong. Places like the US tax their citizens who engage in crypto-related activities, so as some countries in the EU. If ever a country has 80% of its citizens engaging in crypto trades, I know for a fact that before it goes widespread, the government would already have imposed tax rules regarding that so no one would ever use crypto as a safe haven to launder money and a means to evade tax.

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

I hope so, but on the way things are right now, it seems quite improbable for the said scenario to happen even in the coming 10 years to happen. People only use bitcoin to amass more fiat whether we like it or not. They just use bitcoin as a stepping stone for fiat riches and nothing else, so with it, they'd probably ditch bitcoin after they've milked it well enough.
9757  Bitcoin / Bitcoin Discussion / Re: What you need to know before investing in crypto on: May 31, 2018, 02:49:12 PM
That's actually true seeing that the recent busts related to crypto investments are bosses of the NewG scams and other similar ponzi schemes. The people who fell victim in these scams are the ones who were lazy enough to blindly trust large sums of money on other people without doing background checks and checking sources. Most people nowadays are looking for quick and easy money, which, at most times lead them towards something that will take their money away instead of profiting. With the cryptomarket gaining a lot of attention due to the gains it offers, many scammers use the term in order to lure people who look for the same opportunity but don't know how to start.  If only people would take time to read before spending money on such, I don't think there would be people who'd fall for such tricks.
9758  Bitcoin / Bitcoin Discussion / Re: Can we know specific bitcoin is stolen goods? on: May 31, 2018, 02:11:33 PM
Every bitcoin that has been used in any transaction would carry a 'taint' with them, so no matter where theae bitcoins land, they'd always carry this 'taint' that somehow makes the coin movement traceable. In order to obfuscate the trail, some people use mixers most of the time in order to mix their coins and receive fresh ones. Anyway, going back, no one will ever know or bother to know where the money comes from. Besides, if the money came from some nefarious activity, the owner couldn't claim it as it's not the present owner's fault if the original owner of the money lost it during a theft. I'd accept tainted payments any day since it is still regarded as money. They can't do shit about it once it lands in your pocket legally.
9759  Economy / Speculation / Re: Broke my heart. on: May 31, 2018, 01:02:46 PM
Korean and Chinese exchanges are notoriously known for manipulating trade volumes to make it look like a huge activity is present in an exchange/certain coin. Also, I wouldn't even bother if bitcoin falls on such rankings. Do note that it still is the number one coin when it comes to market cap and as such, it will always have the traders willing to play with it.
9760  Economy / Economics / Re: Is india going to uplift the ban on cryptocurrencies? on: May 31, 2018, 11:10:43 AM
AFAIK the RBI only released a memo stating that all banks under their regulations wouldn't be able to entertain trades made to and from crypto exchanges, so there's no outright ban regarding that. If the majority of the countries around the world start to accept bitcoin to meddle with their local banks, I think India would somehow gain an idea on how to use such an opportunity to their advantage. Right now, they don't see that allowing these type of trades make money, and potentially create some jobs if a foreign investor decides to establish his/her own exchange on the Indian soil. I guess we'll have to wait for things to develop but in the mean time, it seems that they aren't interested in playing ball with crypto exchanges.
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