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161  Economy / Trading Discussion / Re: Which way is best risk free profit for you in crypto world? on: October 29, 2018, 03:04:10 PM
We know that four way to cryptocurrency income such as Invest ico, mining, trading and Airdrop-bounty. If you wish, you can do any of that.

If you want to mining or invest in ico and need a lot of money, it has cost-effective risks and have also profits. And if you want to do trading then you can start trading only if you have some money. Here's a little less risk and have also profit.

If you do not want to take a risk then you can start the bounty. There is no risk here only you will have to work on time and you will get your payment at the end of the job. As a payment, you can get cryptocurrency and convert them into meaning by selling them. So, I think Bounty and airdrop is very good for earning risk-free cryptocurrency profit.

There is no such thing as a risk free profit in crypto and in other financial place. Everything has a risk and we need to handle it before it ruins us.
162  Economy / Economics / Re: What exactly needed from Crypto Currencies to Drive Positive Economics! on: October 29, 2018, 02:14:12 PM
Its been a while since crypto currencies are now existed but all we know that there has been completely misuse or what can we say, misleading approach towards the crypto.

Chronologically,

1) Bitcoin started at the first and made its way from testing phase to reality with the help of blockchain. The coded coin got little attention at the first.
2) Bitcoin wasn't even recognised in the news properly. It was just fun for the tech lovers and new technology enthusiast.
3) People who were engaged in it ( believe tiny fraction of population whose engaged today) has some interest because they believed in it.

One of the stories that I found from the 2009 article stated that, 
Quote
Analysis of energy usage indicates that the market value of Bitcoins is already above the value of the energy needed to generate them, indicating healthy demand. The community is hopeful the currency will remain outside the reach of any government."
where people used to think its profitable currency to mine. And that was but obvious back then. Energy was not much needed as all you had to do was to engage your desktop with the network.

4) However, this went well only for the next two to three years until the 2012 by the time more people got engaged and thought about it as more or less trading asset, store value, something that can give money for the HODL process and much.

5) Seeds of such thoughts got sown by many and thus it was the very first time when crypto took completely alternate future for themselves.

6) With ETH platform up rise and generation of smart contract tech more and more coins started to exist and thus it became very usual thing to invest in them and drive all of the national money into blockchain.

7) This is the first time when Government, Financial Institutes, Stock-Forex Exchanges and Central Banks got trapped into circles of blockchain and crypto created such ways.

Cool None of them even interfered with the blockchain until they started to burn their own businesses due to crypto investments which was made by the people. The public ledger was now subject of interest for such institutes around the globe.

9) Not so far until 2016-2017 huge scams started to happen around the crypto sphere and thus most of them started to see worst side of the crypto use. Money laundering, drugs supply, black market emerged with great power and thus shook the real world market.

10) Now this is something which created devil thoughts in Governments Agenda where they are responsible for banning or abolishing the crypto.

11) Crypto currencies are now no longer entertained with the same energy as they used to be back ago.


Thus, it led bitcoin and others to kill the market and drive economics to worst situation rather than taking to positive one.

Conclusion :

- There needs an anticorruption out throw so that crypto currencies can only be used for the products and services that are legal one. This will help circulate the real world money within the nation under taxed portals and thus will keep healthy circulation all the time.
- It wont digest the taxes, it wont stop the national development.
- Government will help crypto currencies to go public for the sake of using new technology and more open sourced information.
- To recover the money entered into the crypto sphere, there needs a system which can bridge the gap between crypto and real world banking itself which is approved by the government themselves.


Many people rushed to go inside the crypto space because they see a lot of gains from it and they been hype to enter here, so that it basically to drive a positive economics to people.
163  Bitcoin / Bitcoin Discussion / Re: What do you want to see for Bitcoin - A stable or a volatile market? on: October 29, 2018, 01:35:01 PM
The question is very simple as the subject line says,

Do you want to see a stable bitcoin market price or a volatile market price?

Please cast your vote and give us the reasons for your choice!

I know such kind of topic can potentially attract a large number of spam so I have kept it as self moderated! Any invalid reply will be deleted!



If Bitcoin would be stable. You can't have a good amount of trades in a short amount of time again. But in order for us to use Bitcoin as a payment method it has to be stable.
164  Alternate cryptocurrencies / Speculation (Altcoins) / Re: WHEN WILL WE BE OUT on: October 28, 2018, 01:32:13 PM
The current market dispensation does not favour those who have invested in ethereum when the price was $700. The price is currently less than $400 leaving those investors at loss.
When will the market start to rise again.

Time well come that markets will rise again, but those manipulators are still waiting for everyone not aware of everything to go out of the market.
165  Economy / Trading Discussion / Re: Education for Cryptocurrency trading? on: October 28, 2018, 01:03:05 PM
Hi

Did anyone find a good place to get a crypto trading education?

Freemium or Premium...

I know some platforms offer it for free (very basic) and there is also Udemy but I am looking for real traders that offer something price-worth:)


The best way to make yourself educated in trading crypto is yourself trading it. You can learn from it by losing but lose only a small amount of your money first.
166  Economy / Economics / Re: You Can Now Keep Your Bitcoins In A Bank on: October 28, 2018, 12:20:03 PM
Quote
Crypto receipts!

This is the most perfect thing I have ever read about the blockchain:

Quote
Citi has developed an instrument it is calling a digital asset receipt. It works much like an American depositary receipt, which have been around for decades to give US investors a way to own foreign stocks that don’t otherwise trade on US exchanges. The foreign stock is held by a bank, which then issues the depositary receipt.

In this case, the cryptocurrency would be held by a custodian, with the so-called DAR issued by Citigroup, the people said. The bank would alert the Depository Trust & Clearing Corp., a Wall Street middleman that provides clearing and settlement services, that it issued a receipt, one of the people said. That lends an important layer of legitimacy and gives investors a way to track the investment within a system that they’re already familiar with, the person added
.

I want to cry. I want to give those paragraphs a hug. I have written, more than once, about the complexities and inefficiencies of having pretty much all U.S. stocks held by DTCC. “It’s enough to make you wish for a blockchain,” I once wrote. A secure, open, permissionless, immutable record of who owns what, one that doesn’t require investors to trust either a bank or a central Wall Street intermediary or to rely on those intermediaries’ old-fashioned systems: That is a core dream of the blockchain, a central appeal of cryptocurrencies.

And then here is Citigroup Inc. looking at investor demand and concluding: Yes, sure, Bitcoin is great, but what Bitcoin investors really want is to hold Bitcoins in the form of receipts issued by a giant bank and registered at DTCC. That’s where the real innovation is! That’s what the people want! “Take this blockchain away from me,” they cry, “and give me the old system that I know!”

A claim that you sometimes hear is that the blockchain will revolutionize back-office processes — settlement, custody, etc. — in the financial system. But look at the actual experience of cryptocurrency custody. The main story of institutional investment in cryptocurrency these days is a story of custody, broadly speaking: Large institutional investors want to get access to Bitcoin, but they do not want to own actual Bitcoins, themselves, on the actual Bitcoin blockchain. They want Bitcoin exchange-traded funds, or Bitcoin futures, or Bitcoins held in custody by regulated crypto exchanges or traditional big banks, or, sure, crypto depository receipts, why not. Everywhere there is a blockchain, a trusted central intermediary — often a bank or other old-school Wall Street middleman! — springs up to make it useful. Does that tell you anything about the prospects for blockchains to replace central intermediaries?

I confess, though, that it goes the other way too: “Two financial technology companies won New York state approval to issue cryptocurrencies pegged to the U.S. dollar,” the Gemini dollar and the Paxos Standard, “creating more regulated and transparent competitors to Tether and other so-called stable coins,” which are in turn competitors to … the dollar. If you want to hold your Bitcoins through a bank, you can, but on the other hand if you want to hold your dollars through a blockchain, you can do that too.

https://www.bloomberg.com/view/articles/2018-09-10/keep-your-bitcoins-in-the-bank

....

Summary: Citibank has created something they call a "digital asset receipt(DAR)" which could allow purchasers of bitcoin to have banks hold their coins. The details aren't clear. There isn't much information posted here about minimum purchasing amounts or who digital asset receipts will be marketed to. Its nice to see innovation and new offerings for crypto enthusiasts. Although I have a feeling these digital asset receipts might come bundled with $100,000 dollar minimum investments and cater only to high(er) end demographics.

I would guess some would opt for DAR's if they could provide insurance on bitcoins and crypto up to limited amounts.

That is a good start. I hope that they could also accept different kinds of coins in there someday. This is good since we can sue someone if our coins got lost.  Grin
167  Bitcoin / Bitcoin Discussion / Re: How to prove source of funds 4 bank? on: October 28, 2018, 11:47:52 AM
After transfer BTC to banks account finally, they frezze my account and asked to provide documents, source of funds. From my crypto wallet, funds where transferred to banks account, so I transfer to my self. What documents could be about BTC source...?

That may be hard for us bounty hunters and traders. But you should try to make them understand where all of our funds comes so that they will not freeze our accounts. You should try to make a document regarding from where you get all of that. There are things such us trade history in exchanges to show them.
168  Economy / Trading Discussion / Re: How is a day of a crypto trader? on: October 27, 2018, 02:09:12 PM
Hello everyone,
I'm new to the crypto world and have been trading for 2 weeks. I have a job in Marketing and trading is a way for me to earn extra money. I often focus on trading after work because I am quite busy at my office.
I'm very curious about how's your day going? anyone here is a full-time trader? When do you start trading? Do you look at the screen and read all the time? And if it's not too private, can you estimate how many percentages of profit you earn a day? ...



I am currently a trader without any day job so it is kinda boring for me since I don't need to watch the charts all day. But sometimes I go out and play sports.
169  Economy / Economics / Re: Money Is Political, Not Technical on: October 27, 2018, 01:51:29 PM
This truth really struck home as I read this piece by Dr. Steven Englander, a big thinker and expert in currencies and macro-investing who has worked in the Fed, Citi, Lehman Bros., the OECD, etc.

At the center of his conclusion that Bitcoin and cryptocurrencies have no real value proposition is that the top Western currencies have no store-of-value problem.  True, the US is not Zimbabwe, or Venezuela, but is a bright person like himself not aware that a dollar or pound is worth a small fraction of itself decades to a century ago?  Somone else could be forgiven for the oversight, but surely someone of the stature of Dr. Englander should know better.  At least when he writes a long and thoughtful piece like this.

Which brings me to, really, my pet peeve.  We all talk about the technical features of this money or that.  Electronic vs. physical.  Inflationary or deflationary.  Even transactional speed and cost.  But truly, the only things that really matter are political.  (That is, after a money satisfies the basic requirements, which is not a problem here.)

And I'm not even talking about how money affects the distribution of benefits to different political constituents, whether it benefits debtors vs. creditors, etc., etc.  That is a good topic for another time.  I'm talking about something deeper.  Money is political in the truest, most precise, and widest sense of the word.  And the political dividing line is not between left and right, but between the top politicians and bankers, and everyone else.

Money determines how much goes to the elites and their allies, and how much goes to everyone else.  In the service of the political goal of maximizing benefits for the former, all things tend to get distorted.  Not only is the economy twisted into producing too many luxuries for the beneficiaries by providing unstable employment to the rest (because, after all, luxuries are bought, or not, at the whims of the lucky.)  All the mainstream commentary we hear, somehow, only reflects what the elites want us to think.

According to what we now have to call mouth-pieces of the elites, somehow, people always chase bubbles, and always get hurt, because they're irrational, and there's nothing anyone can do about it.  Central-bank money creation is *never* a driving factor.  No, never.

We're living in a lie, and the earlier we wake up to it, the better.  What officials and mainstream media and academics tell us must sometimes be dismissed with: it's just politics.

Yeah, it seems so. But for some people they don't know such stuff like this and they ought to believe that the Government is fair with them.
170  Other / Archival / Re: Is the world really waiting for a global decentralized money? on: October 27, 2018, 01:33:57 PM
Is the world really waiting for a global decentralized money?

I think the world isn't prepared for it though. There are still so many people that isn't aware of Blockchain and people tend to really on FIAT.
171  Economy / Economics / Re: What are the odds that the government/banks will truly create their own coin? on: October 26, 2018, 04:25:58 PM
We've all seen this phrase before: that the government and/or banks will more likely to create their own cryptocurrency, but what are the odds that they really will? How can we be sure that these two sectors will create their own coins eventually and will it even change the game if they do? If they did, will it not threaten bitcoins and altcoins because the common people who haven't heard of bitcoin before might choose to use these bank/government-created coins instead? Do we really need more coins?

I think soon they will and probably we will never going to use a single currency for the whole world and people will only create such coins for themselves to use.
172  Bitcoin / Bitcoin Discussion / Re: Social Media to Crypto on: October 26, 2018, 04:12:37 PM
What are your thoughts on these 2 factors when it comes to Bitcoin and other cryptos.

1. How does Social Media effect Cryptocurrency?

2. How does Cryptocurrency effect Social Media?

Your thoughts on both , this could be very interesting.

Well I think that social media isn't affecting much about crypto expect for those who knows about it though. But sometimes when all people knew about Bitcoins bull run everybody goes crazy about it.
173  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Greedy Bounty Managers on: October 26, 2018, 03:58:13 PM
To all greedy bounty managers this message is for you. You know we, bounty hunters, have allocated our time and effort to do our tasks in exchange for rewards. We have done our job so we have right to receive our salary. Why are you so greedy? You wanna become rich fast? And then what? You have all the money in this world and then what? Money is not everything.

Sometimes that isn't their fault since the bounty managers are only aware in managing people on joining the bounty and their stakes. The project itself and the owner of that project in held responsible for any distributions.
174  Economy / Trading Discussion / Re: How did you start trading? on: October 26, 2018, 03:33:49 PM
Hello traders! 

I would like to know how you started trading? Any interesting articles,
videos or guides that you found helpful before you started?
Can you share your opinions and experiences please?



I started from scratch. First, I was introduced to a investing site called "MMM" then I have accumulated Bitcoin there. ( Bitcoin was cheap that day ). Then I was curious about trading and started doing it in Bittrex.
175  Economy / Economics / Re: Tell us about your experience on: October 26, 2018, 03:22:28 PM
Friends  Wink
I want to share your experience with you.
Since the first time I got to know cryptocurrency I initially did not believe that cryptocurrency can help my economy, after I did it in various ways to work, finally now I can meet the economic needs of my family.

On the other hand I also read articles that they can also provide loans to help others.

And in this forum there are also people who provide ways to help their economy.

Quote
It can surely help the world economy in the following ways;
* Increase job opportunities as people can work from home and get paid in BTC which will benefit both the employer and the employee.
* Provide flexibility in online payments.
* Eliminate the need for exchanging fiat money as BTC can be used worldwide.
* Can benefit e-commerce websites in various ways.
These are just a few ways BTC can help to grow the world economy and I am sure there would be plenty much other ways which I can't think of right now.

Now, what about your experience? let's share experiences.
May you also succeed with cryptocurrency  Smiley

Cryptocurrency really had helped me a lot about my financial life. It gave me a lot of time for myself and it gave me a lot of money from past years. And it is also convenient since if I got to earn some Bitcoin or other coins then I am not taking some money from my own country.
176  Bitcoin / Bitcoin Discussion / Re: Are we still "Early Adopters"? on: October 25, 2018, 05:30:38 PM
I'm glad to know your opinions about that...


Try to image 10 years from now...It will be comparable with 2009 "early adopters"?

Yes we are! Currently the price of Bitcoin is so cheap than a million dollar per Bitcoin. Just imagine if it does happen and everybody would be too late to buy from this price.
177  Alternate cryptocurrencies / Altcoin Discussion / Re: Leave emotions at home on: October 24, 2018, 08:38:33 PM
Sometimes when we are making investment and turns out that it is not good, or turns out that it is a little way off, we should not play by our emotions and make a backup plan and improvise possible move to withstand losses. Because emotions will never help you. In this system, cryptocurrency should not be played lightly by our emotions, instead proper decision with the presence of mind is needed.

Sometimes your emotions can't be left out all of it to trading or investing. We still have a little of it even we don't want to make it happen by making decisions through our emotions.
178  Economy / Trading Discussion / Re: Proper TA for day trading on Bitmex on: October 24, 2018, 08:13:42 PM
Greetings to everyone in the space.

I have been following a lot of crypto analysts and have become very interested in doing this for myself. I have learned quite a bit about chart patterns and indicators by watching them and reading whatever related material I can come across.

What is truly frustrating though, is how these analysts never seem to disclose how exactly they know what points to enter, exit, what leverage to use, what range place a stop loss and what is a reasonable profit target. Additionally, I’m not sure how to analyze charts by timeframes ie 1 hour, 4 hour, daily, weekly.

My goal is to be able to do this semi full time. Actually, to start I'm just trying to make back what I lost following a so called "pro trader" (full tragic story here https://forflieslies.wordpress.com/2018/10/09/the-truth-about-forflies-sami-loyal/)  I am not aiming to become a millionaire with this endeavor, just to make modest yet steady income like so many these days are doing. Can any of you experienced individuals guide me in the direction of some material that can eventually show me how to do this step by step? I have found that information unreasonably hard to come by.

Thank you for any advise you are willing to lend me


For me, there is not proper Technical Analysis for any of the cryptocurrency. Sometimes crypto revolves with news and manipulators for what would they be in mind to make the market be.
179  Bitcoin / Bitcoin Discussion / Re: Perfect Privacy? on: October 24, 2018, 07:47:49 PM
Just stumbled upon this article from Mike Orcutt. Man, this can leads to major discussions (eager to see it, though).

Perfect Online Privacy

True internet privacy could finally become possible thanks to a new tool that can—for instance—let you prove you’re over 18 without revealing your date of birth, or prove you have enough money in the bank for a financial transaction without revealing your balance or other details. That limits the risk of a privacy breach or identity theft.

The tool is an emerging cryptographic protocol called a zero-­knowledge proof. Though researchers have worked on it for decades, interest has exploded in the past year, thanks in part to the growing obsession with cryptocurrencies, most of which aren’t private.

Much of the credit for a practical zero-knowledge proof goes to Zcash, a digital currency that launched in late 2016. Zcash’s developers used a method called a zk-SNARK (for “zero-knowledge succinct non-interactive argument of knowledge”) to give users the power to transact anonymously.

That’s not normally possible in Bitcoin and most other public blockchain systems, in which transactions are visible to everyone. Though these transactions are theoretically anonymous, they can be combined with other data to track and even identify users. Vitalik Buterin, creator of Ethereum, the world’s second-most-popular blockchain network, has described zk-SNARKs as an “absolutely game-changing technology.”

For banks, this could be a way to use blockchains in payment systems without sacrificing their clients’ privacy. Last year, JPMorgan Chase added zk-SNARKs to its own blockchain-based payment system.

For all their promise, though, zk-SNARKs are computation-heavy and slow. They also require a so-called “trusted setup,” creating a cryptographic key that could compromise the whole system if it fell into the wrong hands. But researchers are looking at alternatives that deploy zero-knowledge proofs more efficiently and don’t require such a key.


There are no perfect thing in this world. If you are looking for a perfect privacy then I am afraid that it is does not exist. There would always be some in-perfection in this world.
180  Alternate cryptocurrencies / Altcoin Discussion / Re: The path may be rough on: October 23, 2018, 03:35:26 PM
The journey to making it big in the crypto space most times might not be smooth. Even virtually every success in life is not always on a bed of roses. There are challenges we need to overcome. There are times we gain and sometimes we loose. See these as just what you need to pass through and do not be perturbed.
Every experience has its lessons and blessings.
-Even if you have been scammed, get your lessons from it.
-If you lost your money in the cause of trading, try to know what made you to lose.
-If you made a wrong choice of ICO, know what lead to it.
-If your predictions never worked out well, consider the factors.
These and some other things are what make the crypto experience interesting.

Though, the path may be rough, you will surely get there.

I know that this crypto space would not be forever to me. I would be a businessman someday and would be more focusing on that, but still I won't try to let go all of my investments in crypto.
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