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9761  Bitcoin / Bitcoin Discussion / Re: Even more Confusion now, Bitcoin Core has been created on: May 30, 2018, 04:20:46 PM
Well apparently it seems that BTCC was created to mock the ideologies of BCH and to mock Roger Ver as well. It doesn't seem to produce any form of hatred and negativities toward BTC but is rather spewing sarcastic remarks towards BCH's way. I don't think many will be fooled in buying BTCC thinking that it's he same BTC they know and the devs also advertised that they are the cooler cousin of BTC rather than an enemy.
9762  Bitcoin / Bitcoin Discussion / Re: 3000 Bitcoins ATM worldwide !!!! on: May 30, 2018, 03:04:56 PM
I'm in on getting the word out for bitcoin, especially if it will help the adoption grow on a global scale, but honestly these ATMs are only situated mostly in North America and Europe, with a few operational machines in Asia and Australia. The distribution of the ATMs is still centralized on these locations since ATM owners and operators know that it wouldn't be profitable to place them on places where there isn't mchcrypto action going on. Hopefully though in the near future, these ATMs would still be operational and that is a proof that people really use these as an easy way to procure BTC.
9763  Economy / Speculation / Re: Bitcoin still a buy despite recent losses on: May 29, 2018, 07:15:56 PM
They see the current drop as a buying opportunity rather than a time to sell everything. Optimism reigns supreme within the market despite the fear-mongering and lack of positive news circulating eithin the market. Most of the people buying think that this is their chance to get in just in case another crazy bull run happens while others think that this price range would never be seen again short-term. Whatever their reasons are on being positive despite the heavy blows in the price, it's surely faith that's the main mover for them.
9764  Other / Beginners & Help / Re: Do We Need To Change Bitcoin Logo ₿? on: May 29, 2018, 01:18:57 PM
It should remain as is, since it is the logo in which people knew bitcoin about. Also, changing the logo would be the least of the concerns this community and devs are concerned about. There's no practical reason in changing BTC symbol/logo apart from an ideology that bitcoin should be different from your normal currency/fiat. We may get there in the future, yes, but for the meantime, directing our efforts toward something more valuable is still the most practical use of energy and resources for the development of bitcoin.
9765  Economy / Economics / Re: Philippines Welcomes Fintech Companies on: May 25, 2018, 07:02:56 PM
The government is just being practical and shows other potential investors that they are welcome for changes and innovation as long as it doesn't promote illegal activities and create jobs for the people. I for one believe that this step will help other Fintech startups and investors to gain confidence in establishing their business in the Philippine soil. Though the Central Bank of the Phils. once released a memo regarding crypto scams such as ICOs and ponzi schemes, the country still remains positive om crypto enthusiasts and services that wishes to bring their business here.
9766  Bitcoin / Bitcoin Discussion / Re: bitcoin mining geography on: May 25, 2018, 06:23:29 PM
The provinces of China are the hotbed for the miners right now due to its strategic location: cold temperature, ample amount of geothermal and hydroelectric power + low operating costs. Places with cheap power automatically comes to the list of places to establish a mining operation, but one must also consider the overall climate since it will help you decrease your power costs in the long run. Iceland is one of the best places right now to get your mining farm on its feet since, like the rural parts of China, power is cheap, climate is good, plus overall operating costs gives you a nice leverage in the mining game.
9767  Bitcoin / Bitcoin Discussion / Re: Another bad news for Bitcoin on: May 25, 2018, 05:12:24 PM
Any successful trader who never held cryptocurrencies in their lives that come and make some negative comments about it shouldn't be listened at. It's like they're giving a review to an item which they don't like because they have one that they use and they are paid to use it. These comments are irrelevant no matter how successful one might be in investing if they don't fully understand the concept and dynamics of cryptocurrencies. Sure it's a new tech and it's volatility raises red flags, but the mere fact that people invested so much onto it and built services around it already justifies that people want it to stay.
9768  Economy / Trading Discussion / Re: Master the trading on: May 25, 2018, 04:43:51 PM
I don't think there's a definite time-frame for an individual to master the art of trading. Most traders I know took years of practicing and actual trading yet they still aren't confident enough to bet on their skills and make decisions on their skills and analysis alone. Studying the markets and how it works isn't like studying a single event and expecting the outcome to be always the same that's why it's really hard to really master trading. You might get some good hints and good days but to not make losses? That seems to be quite improbable given the dynamics of the global markets.
9769  Economy / Speculation / Re: As bitcoin plunges, mega-bull Tom Lee stands by his $25,000 target on: May 25, 2018, 10:57:11 AM
I wouldn't really take a single man's analysis and predictions too seriously and I'd still seek for any unbiased analysis. Die-hard bulls often tend to get too biased on their predictions and they forget to become realistic and consider the current market conditions. Also, for all we know, this guy could just be masking up the overall market sentiment and urges people to buy more so that he/they can sell on the poor people. There's too many reasons on ignoring the fact that the bearish sentiment is stronger than the bulls' and staying bullish despite the overall crash with no signs of rebounds any time soon.
9770  Economy / Economics / Re: Wise thing to do with your savings. on: May 25, 2018, 10:11:30 AM
I'd go against any time-deposit schemes since one, if in case you have had an emergency situation and you can't get any cash immediately and two, you literally won't earn anything significant off of it, really, and it's better off allocating that 20% into your emergency fund or invest it into something else. I'd only take it to a cryptocurrency investment if I know I still have the means to spend once an emergency situation happens, or my expenses aren't that high and I have spare money to spend. But for minimum-wage earners, I suggest keeping it for emergency and just try to invest whenever you have something extra.
9771  Bitcoin / Bitcoin Discussion / Re: 'Bitcoin' hacked - on: May 25, 2018, 09:01:48 AM
We all know that bitcoin can also be a target of such an attack--it's not even far-fetched as of this moment if all big miners collaborated and replicate what happened to Bitcoin Gold. However, due to Bitcoin Gold being a relatively smaller coin compared to its giant brother. such attacks are easy to perpetrate knowing that there isn't much hashing power directed in mining the coin. Also, why would the miners do such knowing that the mines they'll coin might lose value tragically overnight once people found out about the double-spends?
9772  Economy / Speculation / Re: BTC price moved by emotion and mood! on: May 24, 2018, 11:17:22 PM
In part, yes, especially if there is a selloff happening. Most newbies and weak hands tend to give in to their anxiety and emotion especially if they see that the price is tumbling down rapidly and they can't do anything but sell and cut losses or endure the pain. During rises, the hype and short-lived euphoria (or FOMO) dictates how far the push will go. With the last bull run, we see the prices reaching up to $19k a piece, and that's purely fomo starting $10k. It's no surprise that emotions really take cryptos to new heights and lows even without real economic reason.
9773  Bitcoin / Bitcoin Discussion / Re: Is energy consumption going to hold bitcoin back? on: May 24, 2018, 10:26:33 PM
I don't see bitcoin going PoS within the next couple of years, but the possibility of that happening is still high considering that most people are already advocating for greener energy sources and eyes bitcoin for its power consumption. Right now, PoW ensures that no one could alter the integrity of the whole network since the hashing power is distributed around the world, though the downside is its huge energy consumption. On the other hand, PoS, though greener, tends to favor those who have huge wallet balances on creating new coins, thus centralizing the power of the network. Either of the two has its own pros and cons, and PoW IMO wins the tale of the tape by a slight edge. The future development regarding bitcoin's features and whatnot could hopefully solve this question regarding the switch of algorithms.
9774  Economy / Trading Discussion / Re: We had big three buying oportunities in last 6 months ! on: May 24, 2018, 09:32:46 PM
Anything below $7k is really a great opportunity in buying since we may never see these price levels once Q3 of 2018 starts. Last year, Q2 2017 also exhibited the same signs and price movements. I'm not saying that this is a replication of the 2017 run but it certainly paints a nice picture of what might happen along the way. $7000 still holds strong despite the continuous selling pressure posed by the bears which could mean that this is the lowest we can go within the next few weeks. Buying would be advisable, though once the support levels @ $7000 is broken, we might see yet another trip to $6000. Tread carefully.
9775  Economy / Economics / Re: Best ways to serve Country Economically. on: May 24, 2018, 08:47:52 PM
In your opinion, what are the best way to serve country economically?
In my opinion following ways should be considered.
1. Better and free education system where everyone can get better education to achieve his/her goals.
2. Proper usage of governments funds in urban and rural areas for infrastructure.
3. Building new industries and companies to create more employment opportunities.
4. Better and free health policy for everyone.
5. Better law and order satuation so that foreigner can be attracted to invest in your country and pay you taxes and give employment opportunities.
6. Raising high standard of living by reducing inflation.


These are all the duties of the government: to ensure that the funds are being used into its proper expenditures and assure that the citizens would have better quality of life. As for the citizen's part, I guess actively supporting locally-made products would be the first step. Next is using the local currency actively on trades so as to stimulate the economy. Paying the right taxes would also help in improving the country's economy, too, if the public officials aren't corrupt. In making the economy grow, mutual efforts should be present from its government and its citizens.
9776  Economy / Economics / Re: The Crypto Apocalypse on: May 24, 2018, 07:27:14 PM
A few percent change on a given crypto's price is somewhat normal given the volatility these coins are expressing ever since a lot of people flooded the cryptospace. We have had worse runs and corrections in the past yet we still managed to get past through it. The series of impending bans from China, crackdown on ICOs and multiple negative comments and statements of billionaires toward bitcoin and crypto somewhat added to the fire and selling pressure. Overall though, we're still in a good shape, with the bullish sentiment remaining in the background while the bearish mood seem to be taking control subtly.
9777  Economy / Economics / Re: Us government has start probe in manipulation in value of cryptocurrency . on: May 24, 2018, 07:03:31 PM
In a relatively unregulated and globally-active market, why would the US spearhead the probe into illicit trading? This means they already have interests on the said market and are looking for ways to tax the exchange operators hard alongside the users. What I want the US to do is a major crackdown on illicit ICOs as they're the ones who's causing major trouble in the cryptospace right now, and market manipulation will always be there no matter how many investigations and probes they'd do. Also, have a peek on traditional stock markets and see whether market manipulation is present or not.
9778  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin isn't a legit currency. on: May 24, 2018, 05:45:41 PM
A store of value means that the function of an asset that can be saved, retrieved and exchanged at a later time. In the long podcast on Youtube by Paul Vigna & Michael Casey: ‘The Age of Cryptocurrency’, they explain what a decentralized currency is. Bitcoin is an atrocious store of value and one of the reasons why is because of its constant hacking attacks and other security problems. This is mostly because Bitcoin is decentralized, which means that there is no central authority that can stop any Bitcoin transaction or any hacking attempts.


But isn't bitcoin capable of storing value and can also be exchanged at a later time? Take a glimpse at the price back in 2014 and look back now, bitcoin managed to hold its value plus add more into it, and right now it still can be changed to fiat. Is that poor store of value for you? Also, being decentralized doesn't make bitcoin's store of value atrocious; you might be mistaking the services that are built around bitcoin that are constantly getting hacked and hacked every single time. Banks also face the threat of hacks, but does their fiat and asset make it an atrocious store of value?

One of the reasons why Bitcoin is so popular is because people can stay anonymous and make transactions without people knowing who they are. The downside of using a decentralized currency is that people can do illegal things anonymously and get away with it. And also, Bitcoin’s exchange rate has no correlation at all with any other big currencies like the Dollar, Euro, and Yen. This makes Bitcoin extremely risky to use because it is tethered to any other currencies so its’ value would change constantly. This shows how terrible of a store of value Bitcoin is and why it cannot be a legit currency.

No, bitcoin isn't popular because of the pseudo-anonymity part: the ability of bitcoin to gain huge amount of value in a short span of time is what garnered people's interest onto it, much to the dismay of some institutional investors and financial magnates. As for bitcoin's exchange rate, how about USD which also has tens or hundreds of currency pairs around the world?  Wouldn't it also be risky to keep since it's also tethered to other currencies and its value would also change constantly. Do remember that the USD isn't backed by gold since the 1970s, and that alone, I think, makes USD a terrible store of value.

Tons of people are jumping on the “Bitcoin Bandwagon” without doing their own research on it, and they’re going to lose a lot of time and money because of this. They need to realize that Bitcoin is not a legit currency because it fails to be a unit of account, medium of exchange, and a store of value.

This same thought has been said numerous times already, and most people still come into bitcoin and use/trade/invest it. The reason? Many people are doing this as well, and they know so well that it's not gonna flop overnight since most people (and the higher forces in the background) wouldn't permit this.
9779  Economy / Economics / Re: What happnes to BTC,if the oil price goes up? on: May 24, 2018, 03:57:16 PM
No connection whatsoever. It's like asking what will happen to steam trading cards prices if the prices of bread went up which doesn't make any sense IMO. Surely, some investors might bank in to oil within the next months as they expected the price/barrel to rise, but that wouldn't really affect bitcoin in any way since it's not like a huge percentage of investors here are oil traders. Stock traders, on the other hand, might give it a go and try their luck on the oil trading market, but those bitcoin traders right now? Certainly not going to give a damn, given that it's ripe for the pickings again considering that we have entered yet another buying opportunity.
9780  Other / Beginners & Help / Re: Bitcoin Forks on: May 24, 2018, 03:45:20 PM
Forks usually happen when there's some form of disagreement between two developers/parties and either of the parties think that their version of the coin is somewhat better in terms of feature and development. Once a fork is initiated, the coin's community will then decide which one really is the better coin version by dedicating their hashing power into it. After a consensus is made, the coin who got the most support will continue living up to its coin's name, while the one who lost will be an altcoin. They usually are safe and sometimes you can earn some extra cash on the side off of it. Just remember to transfer your coins to a new address first before using your private keys to claim the forked coin.
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