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221  Local / Others (Pilipinas) / Re: Merit and New rank system in Bitcointalk on: January 25, 2018, 07:10:37 AM
Ok siguro ang meriting system, para maiwasan talaga ang mga nagppost ng mga walang kwentang post sa forum, ang magiging problema lang natin dito eh kung sisipagin ba talagang yung mga nagbibigay ng merit?
Ok lang sana kung lahat sila active, like for example in our case, Full Member, we need a lot of merit in order to became a Sr. Member
Very hard na makapag post ng ganung kadami, mas mahihirapan pa kung walang mag mmerit sa kanila even though maganda or informative naman ang mga sinasabi nila.

Kung lubos naman na maganda ang post mo, marami ang magmemerit sayo siguro. If it's informative enough, then marami ang pwedeng mag merit sa kahit iisang mo lang na post or reply. Wala namang limit sa pag merit sayo kaya sa kahit isang post mo, posible na lima o sampu na ang mag merit. Wala naman sa dami ng posts yun.

Iniisip ko lang na baka mamaya, dumami ang gumawa ng bagong threads para lang magkaroon ng merits. Pero kung informative naman yung mga threads, then ikagaganda pa rin ito ng forum.

Ang downside lang na nakikita ko is mahihirapan yung mga hindi magaling sa english and grammar. Baka hindi sila bigyan ng merits sa ibang sections outside of local.
222  Other / Meta / Re: Merit & new rank requirements on: January 25, 2018, 07:01:26 AM
This might not be fair for new people, I don't know if others will ever consider to give merit to newbies. Guess I had to been registered here like 1year back to get some kind of "good" positions. Juniors and newbies are often treated poorly and seen as funny guys around, not taken seriously.

Would that mean that there's going to be some kind of discrimination for the newbies and juniors, and they won't end up ranking up since no one would give them merits anyway? Well I guess if a newbie/junior is able to post with high quality, they'd be given a merit regardless of their rank.
223  Economy / Gambling discussion / Re: Gambler's mindset! on: January 24, 2018, 11:38:05 PM
I have tried to think what goes through my mind when ever I am trying to place a bet. I think something strange do happen to me and that is I always have this thinking that what if I lose, how am I going to feel! I have never want to lose in my mind I want to win always but I think this is impossible. Gamblers here did you always want to win all your bet? If you win all how will the gambling company makes profits?

Of course a gambler mindset is to win the game. Every gambler go to gambling site to have profit. Although your not so sure because it's itheir you win or lose but every gambler is ready to face the real thing that they gonna win or lose. But even though they always lose the game they out to go back in gambling because they're hoping for their winnings. Be positive so that you earn positive. ThaTs the best mindset of a gambler.

It's normal to always want to win whenever making a bet. Like in any other game, it would be everyone's goal to win. Although that there are some gamblers there who just want to have fun and are in it for the entertainment. They may not even be interested by the money or winnings, and only see it as an incentive. It's good to be competitive and to have a mindset like however don't take it too far as you may even get to the point of desperation. There's nothing wrong with always wanting to win but some people have lost control because of this kind of desire, so don't let it get to you.
224  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you do when you are over 50% lose on your trades? on: January 24, 2018, 11:14:30 PM
Cutting a 50% loss is too much.. Instead, just forget about that trade and focus on another opportunity for now.. You can check on it from time to time in case price has improved.
Bouncing back from 50% loss is not impossible in crypto market trading world, you can clearly see that some coins rebat with 100% gain on its price based on my little experience on trading, I'm not that good or expert with this kind of trading but I manage to witness some coins pumps over 100+ percent like bitcoin and eth over a short period of time. Holding the right coin is the key for you to cover all the loss of 50% because if you manage to hold some useless coins from PD and scammer groups then you may have to shift to another genuine crypto.

Yes, not all coins that have over 50% would mean that it is a shitcoin. With this kind of market and considering the nature of altcoins, it's quite possible to recover from that. You may be surprised by how fast the market moves.

My suggestion to OP if he really is determined to hold for long term is to avoid letting his emotions get to him. A 50% loss is huge, and he may resort to panic selling if he ever he suddenly feels depressed and the need to cut his losses. Just continue to hodling if you truly believe that this coin is worth for long term investment.
225  Economy / Trading Discussion / Re: ICO investment Risk on: January 23, 2018, 10:05:12 PM
I just work on bounty at this moment.But every person have a dream.I have a dream.I want to make a big investor.I want to invest on ICO.Can anyone explain me, Have any risk involved invest money on ICO?

Nothing with high profit potential comes without risk. If there is anything if world that can give you a lot, then it probably has some risk associated with it. If you don't want risk, then don't get into all this, because ICOs are not always successful, and if you invest in one and it gets failed then you probably will lose you capital.

As they say, high risk comes with high reward. It's true that there's high potential in investing in ICOs because in fact, you get to buy at a whole lot cheaper price. However, there is the probability of losing your money and investment because not all ICOs are legit or sometimes the coin never makes it in the market. And even if it does, there's no guarantee that it would be of high value - your coin may possibly depreciate after some time because some ICOs are created just to pump and dump a coin and once the developers have already profited, the project is abandoned and coin is no longer of use.
226  Economy / Speculation / Re: When will the market pick up again?? on: January 23, 2018, 09:55:41 PM
The market so far has been down for the year. When do you feel the market will recover? Too much FUD going around with negative news floating around. Will Bitcoin go down further to USD 8-9k??
Short term speaking I wouldn't see bitcoin go down under $10k. We have already tested the support two times and both times, we came close to crashing under the $10k figure but on both occasions stopped just short of it.

So what we can conclude from last week's crash and this recent correction is that $10k is the main support right now, and based on that support we can slowly recovery to the price levels that we saw late last year.

I'm still quite optimistic about bitcoin this year, there are still going to be some events and outside influences that will make price somewhat unpredictable, but the general trend is going to be up, and then stabilize.

By the end of the year, it wouldn't be a surprise to me if bitcoin settles above $20k, just like it has settled above $10k this year. If you see it crash below $8-9k, you should probably accumulate some just for the future, since it is dirt cheap.

I would agree with that. The recent price correction was a test to see how low bitcoin would go, and it won't be going any lower than $10K. The support for bitcoin has proven to prevent it from getting any lower than that. Without the recent FUDs, the market has already been recovering from the correction however it has gone down again. It may rise again after awhile unless some event were to occur which would cause another disruption.
227  Bitcoin / Bitcoin Discussion / Re: Fees are killing/have killed Bitcoin.... it is sad but true. on: January 23, 2018, 09:49:46 PM
These transaction fees has surely discouraged a lot from the use of btc and has left the others with nothing much to do. There is hope on the imposition of the lightning network, and the use of segwit addresses has alleviated it. If the transactions fees and long confirmation time were not given a solution, it would definitely make it hard for bitcoin users from utilizing the coin.
228  Bitcoin / Press / Re: [2018-01-22]How Scammers Are Using Fake News To Screw With Bitcoin Investors on: January 23, 2018, 09:44:37 PM
Fake twitter accounts are blatant attempts to manipulate the markets. But there are a lot of other attempts as well. Sponsored articles in the guise of 'news' attempt to push up the price of coins. Last year, every now and then there were rumours about China 'banning' bitcoin, which resulted in price crashes. The rumour mongers then got an opportunity to pick up cheap coins.

The thing with the use of social media is that everything may seem legit making anything that is posted sound real. Just with a few twitter accounts may fool a lot of people and the use of this could spread a lot of information in a short period of time. What's also sad is that some people actually believe in what they read first before even verifying first whether it's true, victimizing them of the fake news that has been spreading about.
229  Alternate cryptocurrencies / Altcoin Discussion / Re: What's the next step in your life after you have gotten rich with Cryptos? on: January 23, 2018, 01:45:47 PM
What are you going to do? Quit your job? Take a long vacation? Or maybe retire?
What's your next dream? Huh
If I'm given a chance to get rich with crypto then the first thing I would do is to diversify those money that I do get.Making leverage incomes so that those funds wont be easily vanished on a matter of time. Be wise on spendings on businesses so that you would really be hard to fall again on your previous state.As long you do know how to handle and let your money grow then you would able to do whatever you do like without even doing nothing. Leverage or passive income is my main target.

You're on the right path!  Smiley

The title does seem like it's a loaded question but if that were the case, then I'd choose to invest more as well. I'd probably indulge a bit from the gains that I've got, then I would continue to make some investments. Diversifying is ideal especially in order to expand my investments. From this, I would wish to rely on passive income then just relax for the remaining of my days. Charity is also an option, because I've always wanted to be able to return once given the chance.
230  Economy / Speculation / Re: my prediction is always wrong on: January 23, 2018, 01:31:12 PM
Keep an eye on the news. Not everything is technical analysis. Korea (a big player in the Crypto world) has had further discussions re future of bitcoin and how I may be regulated in the future. The last 2 major slides have directly followed news from Korea and the last recovery came after Korea back tracked on their 1st comment to ban exchanges. Now they are proposing to tax exchanges (which should probably already be happening) and also to require exchanges to notify the tax authorities of transactions that happen on the exchanges so that they can monitor the movement of Won for tax purposes (which to my understanding already happens in the states or at least now can happen post that decision re coinbase). If on the other hand Korea follows Japan (a HUGE player in crypto) and regulates exchanges and doesn't do anything to excessive I can image that Btc will have another huge run that will prop up many Alt markets (looking at you Icon).

I was also wondering what caused the bitcoin price to drop again so suddenly just when it was beginning to recover until I saw the news about Korea. Even with expectations for the price so finally steadily go up, when events like this occur it causes a disruption. Korea has been a huge player and anything that's been happening there has caused some effect on the price. It's best to be updated on the news because events like this may occur and may cause a change on the price trend.
231  Economy / Speculation / Re: This is the way on: January 23, 2018, 01:56:04 AM
HODL works until it doesn't work and then you're screwed.

Exactly. Hodl'ing makes sense, sure. But for something like 100 years like the op is joking about, or even just a decade, it's impossible to know where bitcoin will end up. I don't think it's a good idea to hold until the end no matter what, especially if some altcoin comes out that improves on bitcoin. Blockchain technology will probably be here to stay, but bitcoin, everyone can be a little skeptical about. I think it'll be here for a while, but I just don't think it'll be a super long time.

Just imagine hodling for a certain number of years only to end up with nothing because the value has depreciated or crashed - then you're really screwed by then because you have wasted time and effort to keep the bitcoin for all that time. It's hard to know when the end is so I think hodling just for a certain period of time like 5 or 10 years is already ideal since you would surely gain some profits already by then.
232  Alternate cryptocurrencies / Altcoin Discussion / Re: Real purpose of altcoins on: January 22, 2018, 11:39:02 AM
Man got to pay his bill mate, people always find a way how to make money. So my point is diversity make market more colorfull, the more alt the more variation of coin you can trade, every coin have its own purpose also have advantages and disadvantages

That's true. I'm guessing that a majority of the coins were created in order to generate money for the developers and traders - not only for the purposes that it's supposed to serve. Some may be useful enough to last longer than others such as the success of ETH.

It's true that not all these coins will survive, some will lose it's value eventually and people won't use each one and the question is only when. This is the struggle of a trader because no one may ever know until how long is the life of a coin.
233  Economy / Trading Discussion / Re: Crypto faster and cheaper?? on: January 22, 2018, 11:20:53 AM
I just made a purchase using Bitcoin today.
The receiver has yet to receive the Bitcoin sent over an hour ago.
And...I was charged $17 in fees (using Coinbase) to complete this transaction!!
How is this digital currency the "thing of the future"??
If I had paid with credit card, my purchase would have been final in seconds with no additional fees.
What is the real advantage of this voodoo currency??

Yeah exactly, BTC used to be fast and cheap but right now people outbid eachother to get into the next block so the fees are very high. There is Lightning Network coming to cure the issue but that can still take a long time. The problem you describe is why BTC forked and there's now BitcoinCash which still lives up to the ancient promise of BTC's low fee and fast transactions.

Sorry


There's still the advantage of no middle man and sending to anyone in the world P2P, can't do that with a creditcard.
As you said the implementation of lightning network will take care of the confirmation time in future but right now you have to wait for the transaction get confirmed.And coinbase still using legacy address that's why the fee is more and the waiting time also more.You can use some pther wallets which supports segwit address then you transaction will get confirmed soon than normal coinbase transaction.
But right now bitcoin is the only crypto currency facing this kind of issue but there are lots of other crypto currencies available so we can use them now to make purchases and transaction will get confirmed in seconds.

But you need to understand the credit card payment is a third party who pays your money for someone which means someone is controlling your money but in bitcoin you are the only person who can decide what to do.

Also, there's decentralization. People opt to use this rather than credit cards because they feel more secure with the lack of a third party. With credit cards, it's still controlled by a different company. Unlike with bitcoin which only utilizes the blockchain. The transaction fees and confirmation time may be a hassle now but once there's lightning network, bitcoin will be king again. Eth is now preferred and other alts because of the lower transaction fees and faster confirmation.
234  Economy / Economics / Re: why bitcoin is banned by the government on: January 22, 2018, 09:13:48 AM
Bitcoin banned by the government because the decentralized nature of the cryptocurrency makes it hard to control by the government. Some of the concerns also are they will hard a time to control the criminal activities and tax evasions. They believe that the unregulated markets could also pose major financial risks to the economy

Something that's out of the control of the government scares them and the only thing that they can do is regulate or create a ban. Although bitcoin does not exactly equate to criminal activities or tax evasions, perhaps the government is wary of money laundering through the use of bitcoin. Along with that, government's have been warning it's citizens of the risk of losing your money by investing in bitcoin. Perhaps to avoid this, some have decided to create a ban instead.
235  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Ponzi scheme? on: January 22, 2018, 08:55:42 AM
For those who don't understand the blockchain and the bitcoins, they all think it's a ponzi scheme.
There is no need to argue with them, because time will tell them the right answer: they are all wrong, and perhaps in the future they will buy back bitcoin and cryptocurrency.

Probably because there are numerous ponzi schemes out there that is associated to bitcoin. Those who don't know enough about bitcoin and did not directly buy bitcoin have fallen victim of ponzi schemes. Also, the "promise of great returns" from bitcoin has made others think that it is a ponzi scheme. Their lack of understanding and knowledge about bitcoin has led them to believe so. Obviously so, it's not a ponzi. It may be associated to a ponzi scheme but bitcoin in itself is not a ponzi scheme.
236  Economy / Speculation / Re: Can Bitcoin get to drop to $5,000 and below in 2018 on: January 22, 2018, 08:33:07 AM
The power of the government and their regulation

The government look at this way : bitcoin causes money laundering and scam to happen more frequently and tracking people or organization involve in such case is hard to pursue, banning and regulating bitcoin can prevent this thing to happen and they can protect their people from such events.

vs

The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations

The people look at this way : The government always manipulate things, we want something that is decentralized to have more freedom, when it comes bitcoin, people who are aligned with bitcoin always say something negative about the government, nevertheless its always about the profit and with the regulation the profit will be lessen.

Even with these kind of views, the government regulations won't be enough to kill bitcoin. Yes, it has created some kind of impact back when South Korea and China has made some actions but as we can see, bitcoin is recovering. The great number of supporters for bitcoin has allowed it to remain at this certain price level and even with all the FUDs, it was resilient and able to recover. It's possible for the price to go down at $5000 but I don't think it will seeing this kind of support and recovery.
237  Economy / Economics / Re: how can the beggars access Bitcoin? on: January 22, 2018, 05:37:09 AM
Beggars are not necessarily illeterates or people without formal education that cannot comprehend basic information and the moment that is settled, there is no issue at all. Beggars ask for donation and if you are willing to give instead of them giving you either their bank account or their bowl, they give you the wallet address and that also mean the same thing depending on how comfortable the person giving is.

But the thing is, not all beggars will have access to the internet or to a device that would allow them to access crypto or the internet. Of course a beggar would foremost prioritize food or shelter before even thinking about gaining access to the internet in order for them to have bitcoin. They would rather have something to eat than a mobile device or even BTC. However, if btc were the only available currency and means to survive, then it may change. Society would be a whole lot different by then.
238  Bitcoin / Press / Re: [2018-01-18] 5 Reasons why Januasy`s Price Slump is Nothing to Worry About on: January 22, 2018, 05:27:05 AM
I never thought that the Chinese Lunar New Year,might have an impact over the btc price.Perhaps millions of chinese people sold a part of their crypto savings in order to buy some gifts with fiat money. Grin
Cryptocurrencies are more consentrated in Asia,compared with the rest of the world.The biggest exchange platfroms are located there,most of the crypto mining is still located in China.This reduces the worldwide stability of the crypto industry.I wish that crypto mining and trading will be distributed equally among most of the countries worldwide,not in only one or two big countries.

I never thought that big occassions can also have an effect towards Bitcoin rate, davis196. It was only during the Christmas holidays when I first experience a solid dip from the rates reaching almost $20,000 and crashing as we near Christmas and New Year. Knowing the big role Asian countries play in the crypto world and how much they value occassions as such, its  surprising how it can greatly affect the market. But as the news state, there are many factors affecting the growth of Bitcoin and at this season, it can be considered a natural occurence for Bitcoin to experience a decline. We should know this as it has been proven consistent over time.

If you guys are not Asian, you wouldn't understand how people in that region really celebrate holidays specially New Year. Its a festivities that everyone is looking for that's why there are really a lot of dumping during this time because we all need fiat's. Although last year, we didn't see similar activity if I'm not mistaken, but times have changed now. And I would agree with the article, it covered what we have suspected all along, that this dump is attributed to those factors. We can't really stressed enough how the Asian market plays a big role, so I sudden sneeze causes a domino effect on the price of crypto's in general. But again, this is just a short term in the economy. Bitcoin is slowly regaining and building momentum.

Asian countries are known to be very traditional and even though that the Chinese Lunar New Year sounds like just a regular holiday, asians take their holidays very seriously. Even in modern times, they still strictly follow customs and traditions. Because of the large volume of crypto-users in Asia, it has created an impact along with how it coincided with other events such as the price correction plus other FUDs.

Right now, we're seeing a steady rise and recovery for bitcoin, after having went through the rough price drop. It was but expected for bitcoin to recover with all the supporters still present. There are still a lot who believe that this is a long term investment.
239  Economy / Trading Discussion / Re: How I handle crypto regret on: January 21, 2018, 05:49:32 PM
Takes time , I had it on my mind for days. Thinking those coins I sold at the wrong time, but the other side of me; telling me you really can't tell what will happen to the market , You gained that's enough. move on to other coin and hodl! I learned to hodl now and not panic. Regrets really happen when you missed a rally or missed the chance to ell at high but nah! I keep telling myself I can't predict all the things and be contented with your gains and accept your loses.

It's better not to overthink. It'll just stress you out, and there's nothing for you to do anyway. Even if you incurred a loss or missed out from buying a potential coin, then there's always a next time for you to profit. You can learn to be more careful of your decisions and to keep updated so that you won't miss out the next time around.

There's no other way for you to recover from a loss but to learn from your mistakes and experience. At least now, it'll help you make better decisions in the future.
240  Alternate cryptocurrencies / Altcoin Discussion / Re: Sell all alts for Bitcoin while it's down? on: January 21, 2018, 05:41:08 PM
That's a mistake most have done and it's the complete opposite of what one must do. In order to profit, you should buy LOW and sell HIGH and not the other way around. Apparently, some have been pressured whenever the price goes down and feel the need to sell because they fear of losing. When the price goes up, people buy because of FOMO or having the fear of missing out, which shouldn't be the case. You should buy when the price dips then sell when it goes up. Although BTC has gone down, you should have also used the opportunity to buy when the alts had gone significantly done at the same time.
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