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441  Bitcoin / Legal / Re: India and Pakistan on: April 13, 2018, 02:56:42 AM


This is bad news for people who are into Bitcoin and cryptocurrency in India and of course any bad news in a country as big as India can be bad for the whole cryptocurrency as well. Though there has been no major negative reaction generally speaking this news is still bad for all of us. While I am still hoping that soon India can open up their market to cryptocurrency, we have no choice but to respect the government's decision.
Indian governments opening up to the crypto market after the recent statement release by RBI seems a hard thing to believe. Rather one thing that is foreseeable right now is Indian government declaring a ban on the crypto currency. As far as Indian government is concerned, political leaders and decision makers are totally against the crypto market. They are in no way in a mood to give a green signal to the crypto market.

Right you are! This is what happens when the entire system is controlled by uneducated politicians. I am sure if Mr. Rajan continues to be our chief governor, India would have adopted crytpocurrency for better use. But now the country is being ruled by a political party who are busy building temples than hospitals and schools. So we can't expect anything better for us. We have to live with this fact that India is still not a developed country even after having a trillion dollar economy.

But hey! Weed and drugs are also banned in India, but we have abundant supply available. So who cares!!

It's sad how there's so much potential for India's economy to develop however based from your remark, it seems like the government is in the hands of incompetent rulers. Instead of utilizing crypto to possibly help the economy move forward, there is now a possibility that the Indian government will declare a ban. Perhaps in the future they will begin to ease up on cryptocurrencies, after all there are many smart people in India.
442  Other / Meta / Re: Finally! 101 merit and 84 activity!! Celebration Post! My thoughts on merit. on: April 12, 2018, 06:41:17 PM
Congratulations! This post of yours should inspire others, especially for those who have been struggling (and complaining) how hard the merit system is and how it prevents other users from ranking up. The tips you have provided may serve as a guide for those who have been whining about how unfair the merit system is since they don't receive any merits. You're genuine passion for cryptocurrency has been key to your success, which has been lacking for those who have been desperately begging or fishing for merits yet fail to do so.
443  Bitcoin / Press / Re: [2018-04-12] Research Paper Declares Bitcoin Compliant With Shariah Law on: April 12, 2018, 06:40:15 PM
Great news for the Muslim crypto users. The Shariah Law is very strict and even though it may be traditional and old, the Muslim still follow it even to this very day. I'm not so familiar with it but I have even heard that there is a penalty for those who steal, which is a violation of the Shariah Law, will have their hands chopped. So as you see, it's important to determine for the muslim whether a matter is compliant to their Shariah Law or not otherwise they may violate their law and/or religion.
444  Economy / Trading Discussion / Re: What makes a successful trader, not a gambler? on: April 12, 2018, 06:02:23 PM
People often mistake gambling to be similar with trading because of the risk of losing your money while in reality, there are some differences such as its method and the fact that it takes skill and analysis to trade.

I'd have to disagree with one of OP's points, which is that gamblers place orders without consideration. While some gamblers really don't, there are some of this who take things into consideration before making a bet. It may take purely luck (and not skill) to win in gambling but gamblers also consider some factors before betting.

the most important thing is having a brain and knowing how to use it!

everyone starts from zero and works their way up towards becoming an "expert". the difference is that when a good trader makes a trade no matter the result they will gain some experience and the next trade they make will be a better one and little by little they will grow.

a gambler, however, makes a trade but the result doesn't matter to him. if he wins he just becomes happy and if he loses he becomes sad. he doesn't waste any "brain power" to analyze what went wrong or right that led to the loss or profit. that is why not everyone becomes successful in trading...
Having knowledge of what we do is a must. The risk of our transactions will just depend on how we sort things out. Gambling more depends on luck than on skills that makes it differ from trading. We should do finalization whenever we want to trade our coins and know why the market moves that way , it may just due to fuds that makes the loss.

Also, when you lose a trade you may analyze the factors which made you lose unlike with gambling which is randomized. Even when a gambler sustains numerous losses, he won't learn ways to avoid losing in the future. Gaining knowledge about gambling won't make you win more, but education of one's self will help you in the field of trading/
445  Economy / Speculation / Re: Expected predictions on: April 11, 2018, 03:57:09 AM
No one is going to be able to accurately predict the value of btc in the future or any other coin for that matter. People can only speculate. Even with all the predictions, there will be unforeseen events that will occur and may affect the prices as we know it. It's sometimes good to have a projection of the price and to keep updated of any activity or event which may contribute to the movement of the price.
446  Other / Meta / Re: Merit sources should be increase in no. on: April 10, 2018, 03:54:05 PM
I sometimes spend hours trying to find posts to leave merit.  Trying to find intelligent, helpful posts around here isn't the easiest thing to do.  I don't think lack of merit is the issue, at least for me.

It's not the number of merits. Increasing the number of sMerits won't do a thing if there's no meritorious post to be merited or if the threads are filled with spam posts. What OP may have been trying to say is that the current number of Merit sources may not be able to cover the threads and grant merit to the posts which deserve it since there are numerous posts in a day. If there were more merit sources, then it may be possible to find more posts to be merited among the threads.
447  Bitcoin / Press / Re: [2018-04-08] ICOs aren't scams, but a financial instrument on: April 10, 2018, 02:06:28 PM
Probably just an attempt to clean the name of ICOs. Even when described in a different way, we can't escape the fact that many have been victimized of fraudulent ICOs and even up to this day, there are still scams among the ICOs. Instead of being a financial instrument to be utilized by it's developers, it has become an instrument to fool investors and users. It's sad how this is supposed to be a way to financially enrich both the developers and investors however is abused by others.
448  Economy / Services / Re: BITPLAY SIGNATURE / AFFILIATE CAMPAIGN | FULL MEMBER + [3 weeks] on: April 10, 2018, 10:42:13 AM
Bitcointalk name: orions.belt19
Bitcointalk account URL: https://bitcointalk.org/index.php?action=profile;u=1024712
Rank: full member
Current post count -(including this one): 747
449  Economy / Speculation / Re: Is this a good opportunity to buy or huge risk to lose money on: April 07, 2018, 01:59:26 PM
I am 50/50 on this.  Is it a good chance to buy and we won't see 6k again or is it a huge risk and it might crash to 2k or even to nothing.   Are people buying now or just watching and waiting.  There does seem a big volume of Bitcoin changing hands today compared to the last couple of weeks.  Are they buying or selling.  Why has it gone down so much at the moment.  So many questions and few answers.  I think it's looking a very risky business at the moment.
The possibilities that you are going to lose all your money by bitcoin crashing to nothing are zero, even a crash to 2000 seems very unlikely, you need to understand that the technology of bitcoin is still as strong as it was in the past so there is not a reason for a crash so big to happen, however if you do not trust in bitcoin then it's better for you to not invest in it or you are going to panic when the price goes down again.

Not really. Anything is possible, even for bitcoin to crash. It’s possible for even banks to go bankrupt or for fiat to totally lose it’s value even. Not to spread any fud or negativity, but I just wanted to be practical and realistic. All investors should prepare for the worst and anticipate if a crash occurs. If you invest everything and then shit hits the fan, then you’re in for some trouble.
450  Bitcoin / Legal / Bitcoin as property on: April 07, 2018, 05:23:04 AM
According to this video, https://www.facebook.com/cnbccrypto/videos/1688689147880991/

Bitcoin is considered as property and therefore whenever you sell your BTCto cash, there are two transactions. You first sell the ‘property’ to cash value then what you gain from the sale is used as cash. These transactions are therefore taxable.

For HODLers, if you cash out it in less than a year then it would be considered as income so there’s tax for that. If you hodl for more than a year, then IRS will consider it as 20% capital gains.
451  Economy / Speculation / Re: are you happy with long? on: April 06, 2018, 03:02:32 PM
After hearing the other success stories, especially from early adoptors, how long term or hodling has made them rich then it would definitely make the others happy as well. So long as it’s okay to wait and you don’t need to spend the money you have invested, then long term investors will remain to be happy. Market dips like this shouldn’t affect them if they’re in for the long term. They must be happy since they anticipate in the future when they get to enjoy their financial gain.
452  Bitcoin / Legal / Re: Facebook Scandal and what it means for Bitcoin on: April 06, 2018, 02:59:23 PM
The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.
You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

The requirement of KYC is actually starting to become controversial. Not many are happy with having to provide their personal information, and they don’t understand why it is needed. Scams are made and information are phished through some of these airdrops or ICOs. This can’t be avoided so the same scandal may happen even in the world of cryptocurrencies. As users, we must be cautious and know how to protect our personal data.
453  Alternate cryptocurrencies / Altcoin Discussion / Re: Twitter banned advertising crypto currency on: April 06, 2018, 02:44:57 PM
I can see this affecting bounties in a positive way for people who participate in the signature or facebook/telegram ones.  Now that Twitter has banned active ICO bounty-hunting users I think we'll start seeing bounties being handled differently or with a slightly larger split for the other media types.

That’s if the other social media platforms don’t choose to ban ICO ads as well. This is goig to affect ICOs because their range is going to lessen since they won’t be able to reach twitter. It’s not the end of the world for them however since there are many other ways for them to advertise other than through twitter. I imagine that twitter has done this out of the concern of their users and to prevent any other from getting scammed.
454  Economy / Economics / Re: Banks offering only 1.3% interest rates for Savings Account on: April 06, 2018, 02:40:09 PM
It depends in the bank, here in our country (Philippines) the range of interest in savings is .025 to 1.5% mostly the banks offer small amount of interest is commercial bank that is why bank is only hold our money for security and dont look for the income.
For now i prefer to save in bitcoin in short term than putting my money in the bank with long term to get an income.

Banks are not originally made for you to earn income. Banks are made to protect your money and for it be secure. Even if you earn a (small) marginal interest in your savings, you won’t actually earn that much. It’s sort of like an incentive for keeping your money in the account and for not spending or withdrawing it.
455  Economy / Trading Discussion / Re: Price alert tool on: April 06, 2018, 02:36:45 PM
Pretty cool. This will help the traders who don’t get to check the prices often, but short trade daily. There are some other apps which allows a trader to be alerted whenever a price reaches a certain amount set by them, and there’s also the option of auto-selling once the price has reached the desired selling price. These kind of features allow traders to maximize their time, and they get to do other things while they don’t always check the prices
456  Economy / Trading Discussion / Re: Do's for trade in recent downtrend??? on: April 06, 2018, 08:30:37 AM
I will choose to continue holding. If I sell it now, then my money will suffer. And I think it will go up in the near future and I am very optimistic about it so I will not sell it.

Obviously your decision is very good. I am also holding my all crypto currency and wait for pumping. I also optimistic that those will give me more profit.

For short traders, their strategy is to buy more coins while it is cheap and is experiencing a downtrend. For those who are in for the long term and are hodlers, they will choose to hold their coins even if there’s a downtrend. Obviously, what one would do during a downtrend would depend on what kind of investor you are. The best advice for both is to keep calm and refrain from panic selling when experiencing a downtrend.
457  Alternate cryptocurrencies / Altcoin Discussion / Re: I have been offered to become bounty manager for a ICO? My account is newbie. on: April 06, 2018, 04:19:35 AM
There's nothing wrong for a newbie to work as a bounty campaign manager so as long you know what you're doing. Your account rank level does not equate to skill. It's just important that you know that the tasks and functions of the manager and to pick your participants well. Your participants however may be reluctant of trusting you to pay them so I suggest that you get an escrow first since you're not as reputable.
458  Bitcoin / Legal / Re: Australia Lays Down New AML/CTF Rules to counter money laundering and terrorism on: April 05, 2018, 11:13:05 PM
It's not a surprise for Australia to take such action. The authorities would always want to avoid money laundering to occur within their country. So long as this does not deprive the crypto users and exchanges in their country, then I don't see any harm in having these rules. This should protect and safeguard their citizens and crypto-users in their country as well from said financial terrorists or potential scammers even.
459  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency adaption on: April 05, 2018, 11:08:58 PM
I think you mean adoption*. Adaption is when something changes in order to suit to an environment or new conditions.

As of now, several countries are choosing to adopt cryptocurrency and perhaps the other countries will do so as well in the future. If crypto were to be adopted in the business and financial industries, the the world of payment systems will be revolutionized as we know it. However, for crypto to be adopted by the mass public then a problem arises here because not everyone has access to the internet - which is essential for the use of crypto.
460  Economy / Trading Discussion / Re: 5 steps for traders on: April 05, 2018, 10:55:55 PM
4- Take the right vision about the whole situation:
You must have a global view of the market, and  the situation must  be studied well.

I think this is the most important which most people forget. When the price goes down even for just a little, they lose their minds and get worried of the money they're going to loss before even thinking about how the market works and how it is globally affected. People must first research and assess the market before making an investment, otherwise if they don't know see the global view of the market, then they won't understand why the price frequently fluctuates and is affected by global factors.
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