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1  Economy / Trading Discussion / Re: Practice trading on: October 03, 2017, 02:38:23 AM
Trading is not really that hard to understand, its really all chart reading and controlling your emotions. Everyone else buys and sells, reacting to the news or a rumor or some price move or a friends hot tip or or who knows, could be any combination of things.. But one thing is for sure, its all written on the chart and if you learn to read the charts you can easy start to multiply your money.
2  Economy / Trading Discussion / Re: Bittrex or Poloniex. which one do you like to trade? on: October 03, 2017, 02:33:12 AM
If these two were my only choices, I'd go with bittrex. I actually am using it, but then I consider all value stored at exchange as null unless converted back into fiat. Damn, even some banks in where I live are known for refusing transactions from exchanges and closing your accounts. Basically, unless it's in a cold wallet or cash in your hand, there is no real value. When shit hits the fan, exchange will screw you over.
3  Economy / Trading Discussion / Re: I quit trading on: October 03, 2017, 02:29:00 AM
I am not much of a day trader but more of an investor. I see a difference. If my current investments don't work out for me then I will find another way to reach my goals. If I fail I hope others will learn from my mistakes. If i succeed I wish to show people that things can be possible even if against odds. My intent for the video was to let people follow my path as I explore this highly technical world as a none technical person. I honestly expected that people on this thread would have more faith in this whole thing.
4  Economy / Gambling discussion / Re: Why is gambling so addicting? on: October 03, 2017, 02:07:15 AM
The media and advertising agencies understand the psychology of gambling and often portray a stylish, sexy, fashionable image of gambling. In film and TV, we see characters enjoying a night at the casino or an afternoon at the races. There is often a suggestion of 'high society' and attending at 'a place to be seen'. Gambling is accepted as part of this country's culture and as such is widely articipated in (with varying frequency) by the majority of the population. Some young people are introduced to gambling by learning to play card games with their parents at home, maybe we go the bingo with friends on a Friday night or meet after school at the amusement arcade.
5  Economy / Gambling discussion / Re: What did you buy for money won? on: October 03, 2017, 01:56:17 AM
Usually money won will use to pay my needs, my girlfriend and my debts. I would enjoy the life after a stress bet with the House. So actually it's depend on the won money too, cause i can buy for me something valuable like a smartphone or a tablet or a modern fashion watch . There is only gambling can earn money but many ways to spend those won money.
6  Economy / Economics / Re: So, you want to be rich? All of you ? on: October 03, 2017, 01:33:04 AM
I make pretty decent money. Sometimes it's tempting to assume that I make more than people I know due to the way I live vs. the way they live. And sometimes I feel bad when I run into people who are throwing thousands of dollars at something ridiculous just because they want to; like the guy I saw putting 5k on a roulette table.
But then again you never really know unless you can look at people's bank accounts. There are people who make more than me and are just way more frugal (because honestly I'm really not frugal). And the people spending big cash may very well just have huge debt. The guy at the roulette table could be gambling his last 5k (or is embezzling funds from his company for his gambling habit).
7  Economy / Trading Discussion / Re: Dividing your salary. on: October 03, 2017, 01:22:53 AM
I'd say up to 5% if you can do it.? Take care of all your needs first,? or else you'll end up having to sell and it may not be at the price you want.? ?I'd get into a retirement plan too, if you can.? Crypto is way more risky and bitcoin is at its all time high.? ?You say we're heading for the moon, but we may already be there.
8  Economy / Economics / Re: Do you use a Bitcoin debit card? on: October 03, 2017, 01:14:12 AM
That would be great, if all places accepted bitcoin payments. I've been using Cryptopay when traveling and it has been working great. So until every store accepts btc payments I guess we're stuck with 2% transaction fees. Just using a card in my country's currency would result in a conversion fee larger than that. Xapo for now is not the best anymore when fees of them are really high
9  Economy / Gambling discussion / Re: Benefits from Gambling on: October 03, 2017, 01:08:45 AM
If you want to win big and constantly, you need to start a gambling business. No other way around. You cannot take a bigger cut of the gambling pie unless you are one of these companies. Even the most successful poker players and sports bettors cannot compete them in profitability. Yes, these businesses are not one-man shows. Plenty of people work in the gambling venues, from dealers and odds compilers to marketers and public relations staff. They are real businesses with business plans that guarantee them a profit for offering a service to the public. That service is entertainment. Because that is what gambling is.
10  Economy / Trading Discussion / Re: Stocks or crypto ? which has great future? on: October 02, 2017, 12:30:52 AM
You can make a good deal in both and lose a good deal in both. Stock market is at an all time high, cryptocurrency market is at all time high(s) more or less. However, the cryptocurrency market hasn't yet fully 'matured'. I'd say there is much higher potential upside with cryptocurrencies at the moment. With that said the stock market is probably more stable.
11  Economy / Trading Discussion / Re: Btc = you make me tired on: October 02, 2017, 12:30:02 AM
ya they are mostly noise nowadays. how things have changed over the past few years. bitcoin had a vision and a strong ideological allure to it but that allure is being drowned by power grabs and greed. it is money after all but it is a shame the first iteration of cryptocurrency is suffering so much.
12  Economy / Economics / Re: You should never trust banks on: October 02, 2017, 12:26:34 AM
In my years of banking experience I've seen plenty of financial advisors who were qualified, trustworthy and always acted in the best interest of their clients. I left the bank a few years ago because I saw fewer and fewer of these people and it became solely about selling a product and making a profit. If you are seeking their help - visit a few and ask as many questions as you can.
13  Economy / Economics / Re: Cashless society on: October 02, 2017, 12:23:05 AM
I think the main reason most people don't like this is that everything becomes traceable. From a top down perspective, that's great! Increased public revenue, impede criminal activities, increased economic control (negative interest rates), etc.
The problem is that the vast majority of people place a lot of value on their privacy, and even more that dont trust their government, much less a central bank. And I see there point, this is something that could theoretically be abused.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Vs Bitcoin Cash on: October 02, 2017, 12:20:04 AM
Bitcoin Cash pros: A big argument for Bitcoin Cash is that because it allows for much larger blocks than Bitcoin Core, this will allow greater throughput (~24tx/sec max) & less backlog as well as lower fees. This lets Bitcoin Cash scale more and their argument would be it is more useful for peer to peer, for commerce and just everything. Additionally it does not include Segregated Witness (SegWit) (which some view as a positive since some see SegWit as less secure or having legal issues).

Bitcoin Cash cons: Against Bitcoin Cash we have arguments like it is more centralized due to small less well known development team and due to fewer people running Bitcoin Cash full nodes and higher cost to run a full node. It does not (yet) solve transaction malleability (SegWit) and so existing Lightning Network (LN) implementations won't be run on top of Bitcoin Cash at this time.

Bitcoin Core pros: Established large development team, robust network of nodes (less centralized), transaction malleability fix (SegWit) allows current Lighting Network to run on top of it. SegWit allows for double the existing transaction throughput of the current Bitcoin Core limit of ~3tx/sec to ~6tx/sec max once enough people are using SegWit style transactions.

Bitcoin Core cons: Even with SegWit transaction throughput is limited. Centralized control of development from Blockstream and very small group of prominent devs that effectively have control over changes. Some toxic developers. SegWit some believe is less secure or can lead to problems (this is of course highly disputed). Reliance on unproven solutions like LN to increase throughput/scale beyond block size limits.
(Note also that the Bitcoin Core chain may undergo a further hard fork later this year when SegWit2x forks off that chain. But no time here to describe those implications.)
15  Economy / Gambling discussion / Re: Do You Go to Land Based Casinos? on: October 02, 2017, 12:19:13 AM
I live in Hong Kong so I pop over to Macau every once in a while. It is a soulless fucking shit hole. There is absolutely nothing to do there but gamble. They do have some very nice restaurants, but other than that, you can't compare the nightlife of Macau to Vegas.
Gambling is pretty serious over there. A single minimum bets on the blackjack tables of the big casinos such as the hardrock or the venitian are usually $500 HKD ($65USD). This seriously sucks because most people can't afford just sit down and fuck around/socialize/have fun for a few hours at the tables.
16  Economy / Trading Discussion / Re: Anyone predicted this new little dip in btc? on: October 01, 2017, 07:41:16 AM
I'm just curious cause i thought that btc price would go up at around 4500 value. I traded these days at the 3850-4100 values and now i'm "stuck" in BCC.

yes it will go down for a while and i think its just correction before its back to increase. we can reach $45xx but we need to waiting and after we break the barrier, the price will go up more. i think if you don't sell right now, you can waiting for another high price soon so you can make profit too. just be patience once more time and don't be panic.
Regardless of the cause (you're possibly right, possibly wrong; but either way I think the effect will be the same), I've been holding on to a little spare fiat that I was going to buy more BTC with. The plan is to time it to get an even better deal than if I were to buy right now.
The interesting thing is that if there's enough people doing the same as me right now (seems likely), that reduces the buy pressure pushing the price down and once we do all jump in, it should rise again with a decent strength/speed. Some will then sell off for their 'quick profits', but there's enough hodlers out there (me included) that it won't just keep yo-yoing up and down.
17  Alternate cryptocurrencies / Mining (Altcoins) / Re: Browser mining? (Nimiq, etc) on: October 01, 2017, 07:37:10 AM
Who needs cryptocurrency-mining Trojans or worms, when you can infect someone via their web browser? That seems to be the thinking behind a new wave of cryptocurrency malware that’s loaded via websites and runs while you have a page open. In some cases, this may be the result of malware infecting a system, but in others, it’s a deliberate decision that’s being used to juice profits.  The Pirate Bay — a website for torrenting software, video, music, and other content that no ET reader has, or would ever consider visiting — has been caught running a cryptocurrency miner on some pages.
18  Economy / Gambling discussion / Re: Investing in Bitcoin Casinos are really worth it? on: October 01, 2017, 07:33:55 AM
The biggest problem with Bitcoin is that if these people decide not to give you your coins back, let alone your interest... there is absolutely nothing that could be done about it. It's all done instantly now... So the second a site doesn't give your money back its game over. They take everything or nothing. I'm saying it's generally binary, the moment an investor can't take his money out he tells the world on the Bitcoin talk forum and the site either needs to pay or it will have to shut down as a scam.
19  Alternate cryptocurrencies / Mining (Altcoins) / Re: Can you mine via a desktop browser on: October 01, 2017, 07:32:10 AM
Cryptocurrencies are digital or virtual currencies that make use of encryption for security. As they are anonymous and decentralized in nature, one can use them for making payments that can’t be tracked by governments. As crypto-mining has gained popularity, the website owners are now using cryptocurrency mining scripts to use the CPU power of the visitors for earning profits. This has also inspired some developers to come up with methods to block cryptocurrency mining in the web browser via different methods.
20  Economy / Economics / Re: Which one is good, trading or investing? on: October 01, 2017, 07:30:41 AM
When it comes to wealth creation in equity market, investing and trading are the two genres of the field. However, investing and trading are very different approaches of wealth creation or generating profits in the financial market. Imagine, today, you and your friend bought equal amount of seeds to sow in your fields but you sold them to someone in a day because you could earn profit. And your friend sowed the seeds and let them grow for a few years till they gave new seeds. He sowed the new seeds and continued this for years and sold a lot more seeds eventually than were bought. By investing his seeds he would have made profit quite different than what you made by trading your seeds. This is simply the difference in investing and trading. To learn the same in financial markets, let’s learn 5 key differences between investing and trading.
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