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1601  Bitcoin / Bitcoin Discussion / Re: Did bitcoin lose its value? on: October 18, 2020, 02:00:42 PM
As far as I know, Bitcoin's market value is not dependent to fiat currencies. The price of it is more determined by the demand and supply just like the any other things being sold to the masses, perhaps. The difference of its market value is its degree of volatility which is multiple times higher than the value of gold, as an example, as well as fiat currencies. More likely, the reason is regulation. Bitcoin is decentralized which voids the idea of regulation making its price not dependent to anything in the "world market". Feel free to correct me because that is how I understand its market value.

In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd?
I don't think that is the reason why the market price of Bitcoin is having resistance at that point of this year.
If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.
This would be another case then. Since USD is being the main basis of exchange in the world market, what happens in its value might reflect to ther fiat currencies.
1602  Bitcoin / Bitcoin Discussion / Re: We don't do it in Bitcoin! on: October 18, 2020, 11:41:38 AM
This is disgusting in our perspective but if you were in the shoes of the same person, there is a whole new thing going on. Most smugglers are poor to the bone and they do not have any means of doing an honest job because they either are not given the oppurtunity to do so or they are oppressed by many that they can't get a decent one. We all judge people by their actions which is a fallacy itself, I was once like that but then I am the same as anyone, I have intentions and those thing do not show that is why it is easy to judge them by action. Regarding smuggling bitcoin, you just need to have a paper wallet that looks like the size of other coin and you are set.
Doing so will embarass themselves and that is quite true. People do things because of a reason and in this case that is probably avoidance of taxation. It just cahes to see the frustration of people just because of 'money', that is how hard earning money is, nowadays. Bitcoin is not yet regularized to most of the countries and with that being said, it is free of tax at this moment.
Bitcoin is traceble too. Not the best solutions to avoid taxes
It can be traced by I doubt that is enough to be taxed since it is decentralized.
 

Anyway,I wouldn't stick anything valuable in my ass,even if the tax rate is 50%,not 18%.


I hope you can still say that if ever you will be in that man's shoe. That is more likely due to frustrations. And that is sad to hear such thing happens on things aside from drugs.
1603  Economy / Economics / Re: Government slowly open the economy, will it make the pandemic worst? on: October 18, 2020, 11:16:06 AM
It is more like a gamble if I would be asked, in the side of the government from doing so. They would choose to allow activities that fuel the economy because according to them, they do not have the power to still cover the debt without giving permission to the businesses to operate. In my point of view, there is a mismanage with regards to the taxes in some countries which makes them incapable of coping up with such pandemic. Why? Other countries do manage to do so. Is it because those countries are bigger? Well, I would say no. I do live in the same country by the way. Philippines has the highest income tax in South East Asia and that is enough to validate this claim. Corruption is worse in our country.

Going back, to answer the question, yes it would make the pandemic worse. People are havibg no discipline because they are more concerned with this thing called "freedom" not knowing how responsibilities work.
1604  Economy / Speculation / Re: What could be the impact of the US election on currencies? on: October 17, 2020, 04:54:53 PM
One thing is for sure, regardless of who will be the winner, the aftermath will make an impact to currencies. The actions of the elected individuals will be the catalyst of the "change" whether it would be good for currencies or not.

Either 1 of them will win the result will still the same since for sure they will look at the economic growth of the US after this pandemic hit so hard on them, although we will see some little changes since they have different strategies but for sure in the end I think they will pursue on what trump did if Biden win or continue to improve if trump will also win.

As you mentioned, the strategies of both sides are different.
And this creates a difference in the economic cycle as well as the presence of bitcoin in society.
We are unaware of government policies, and we may wake up one morning to see that bitcoin trading is banned! Undecided
Such thing is possible depending on the following "regulations" to be made once their term started. Let us just hope that the person who will win the election would give betterment to the economy. Right now, people in U. S. has no full control of the outcome but the consequence of the outcome will generate another outcome and that is guaranteed.
1605  Bitcoin / Bitcoin Discussion / Re: bitcoin investment stage on: October 17, 2020, 04:10:09 PM
If you say that bitcoin's 10k price is like an ICO's pricing stage, then does that mean that bitcoin will crash back down in the long term like how pretty much 99% of altcoins ICOs did? 🧐





techically every coin is ico and every stock is ipo. as far i undestood its just some coin has more support and bigger community and utility can go bigger and go longer.
This is quite correct. A coin having large community of users will be able to stand longer in this market than to those of the majority of ICO tokens wherein projects are temporarily active, which is the most observable difference of Bitcoin from ICOs. Community of users won't be enough, there is something in Bitcoin which keeps its market price, and that might be its reputation as a digital currency.

Just like what other users have mentioned, a better analogy would help. We do get the point. The market price of Bitcoin is volatile, given that companies are getting their interests into it, there is a tendency for the market price to increase eventually which would seem that the $10k usd, in this case, is an ICO price only due to the increase in demand. What made the analogy quite sketchy is the fact that what happens most of the time is that, after the ICO, the price of a token is on downfall direction which is somewhat in contrast with what is more likely to happen with Bitcoin's market value eventually. Still, the thought is there.
1606  Bitcoin / Bitcoin Discussion / Re: Bitcoin is unique to man. on: October 17, 2020, 03:27:23 PM
Bitcoin is not the first digitalized currency. It is rather the first decentralized digital currency.
 
How interesting to know and Its worth basically comes from being the first digital currency that has no human organization or authority to control. It’s has so much become common that anyone can buy,sell or receive it .

This technology is indeed revolutionary. But given how "young" it is, there are still limitations especially to some countries wherein there are restrictions regarding selling and trading not only Bitcoin but also other cryptos.


Bitcoin isn’t just safe to keep your funds but it keeps you in charge of your funds. despite the fact that bitcoin is a decentralized currency many human organizations and Authorities still seek for it and use it a means transactions (sending and receiving).

Keeping your funds in the form of Bitcoin is not always advisable or is not really necessary. keep in mind that the market value of Bitcoin is volatile. There is always a risk of 'losing' money whenever there is a sudden downfall on its market price so be cautious of putting all of your funds into it. As what I have mentioned above, there are still limitations on its use as a currency or towards transactions. Authorities may not be seeking for its usage but more of its regulation.
1607  Economy / Economics / Re: Trump and imf boss want to print more money on: October 17, 2020, 02:45:25 PM
If one country would print more money, the price of goods will also go up. There would be a sudden increase in GDP but to how I see this scenario is that, the situation is still the same, right? The only change is that people will have more money and the price of goods will also be high. Please correct me if I'm wrong. And if things might be caught off guard, there is a chance for hyperinflation to occur which is still possible even if it's U. S. we are talking about. This happened to a country before, and if I'm not mistaken it was Venezuela.

I have read an article before that doing so would make a country rich, and one country close to this possibility is U. S. given its influence accross world market.
1608  Economy / Speculation / Re: What is the 50% rule? on: October 17, 2020, 12:40:20 PM
There is a rule in technical analysis called (50%).And it is called pullback.
Whenever the price reaches a peak, it can go down to 50% before the pump.
The same thing will happen again in falls.

Bircoin went to $1200 and then dropped to $180.
Bitcoin went to $20k and then dropped to $3300.

Those both were about 85% drops in price. That is what Bitcoin does. If next ATH will be $150k it will drop back to $25k.
But given the inconsistencies, I think it is enough to tell that things will not happen as expected. We have seen instances wherein expectations are not met by the reality in this industry. Things could always go the ither way around when it comes to the market price simply because it is in nature of the market value of cryptos to be volatile, thus, patterns won't work. Things occur without a warning. If its market value will be able to reach its ATH again or even acquire a higher market value, what will happen next is a two sided situation. Its price can go higher, or fall in a sudden BUT without certainty of its "stopping point". What I am pointing out is that, strategies do not work in such way as it is meant to be, in this market.
1609  Economy / Gambling discussion / Re: Anyone betting on "Electronic Leagues"? on: October 17, 2020, 12:06:20 PM
I'm so much not a fan of this virtual or electronic games especially with the fact that, your predictions are entirely subject to the programs put in place by the programmer to generate the outcomes on each games. It makes predicting so difficult and in a matter of an minutes, your chances of winning or losing a lot is relatively high but, I'll stress on the losing as it has been my case the few times I e tried them. No doubt a lot of other persons do understand certain options to stake on that comes rather frequently but, not measuring a teams strength based on the quality of players they are supposed to add just don't help my predictability and it's so uncool to me. But then, it is fun as it makes betting never to be out of season.
I guess we do all have our own peferences. ESL won't be popular for no reason, more likely it is because there are players who are interested or are fond of playing such games.
..your predictions are entirely subject to the programs put in place by the programmer to generate the outcomes on each games.


It's not entirely a pure luck game since users have to make a way to get the best play.


Not sure but this could be a reason why others are into this game because they are more likely having a "grasp" regarding the outcome of the games than to just wait and rely on their fate. As I've mentioned above, preferences are simply subjective ;one could be going in the left side, and one could be on the other way around. In my case, I am into watching sports but not interested putting money into it.
1610  Economy / Economics / Re: Bitcoin will replace oil and Gold on: October 17, 2020, 11:18:09 AM
Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.


The problem starts with this. Bitcoin, Gold, and Oil are different in many aspects including their function, price and usage accross countries. There is indeed an emergence of Companies and countries adaoting this technology but that doesn't make any sense to just set aside these two natural compounds. Keep in mind how greedy many countries are towards these minerals and they are not doing such things just for nothing. This is an enough reason why they won't leave these minerals behind just because blockchain technology arose. Bitcoin and other cryptos are really profitable as an investment but governments will more likely put their time in something which would generate "assured" profit, not to mention how volatile the market price of cryptos are.
1611  Economy / Economics / Re: Show me shops where i can spend crypto ...crypto is useless... on: October 17, 2020, 10:33:39 AM
Cryptos are not useless. There are indeed areas or countries wherein most of the services are not accepting such technology as a mode of payment, but that doesn't define its usefulness. Majority of the people who are in this industry are making use of cryptos full potential. Some are able to use it in order to experience convenience regarding online transactions, they are the lucky ones at some point. But to those who are living in countries wherein cryptos are not yet being widely used or accepted by their governments, most of them are using cryptos as means of investment because of its volatile marketvalue, which I think is very beneficial for the investors. Who knows, right? What if someday cryptos are globally used in every transactions? Let us all wait and for now, be patient.
1612  Economy / Gambling discussion / Re: Do you read the TOS of a gambling site? Honest answer please. on: October 16, 2020, 04:20:57 PM
Most of the time, I do not read Terms because it is quite tiring to see how long the terms are. What I usually do is to check a gambling site's background and reputation just to make sure nothing would go wrong because I doubt most of the gamblers do read such thing, so I do anticipate issues if there are any, which will be surely discussed. But I do not suggest others to do so, ofcourse it would be better than to just agree just because it is quite a hassle on your side. But let us all make it a habit to do so espeally on sites involving money because problem may arise, right?
I always read ToS on website/services where money is involved. Something I'd suggest everyone to do.
More people should better be, not only on sites involving money but to all of the things asking you to do so. It is quite a form of a contract if I would be asked and content should be understood by the audiences.
1613  Economy / Gambling discussion / Re: Question: Is there any websites where I can gamble crypto under 18? on: October 16, 2020, 02:55:22 PM

Edit1: Thanks for everyone replying, I have decided to not online gamble as now I know it is illegal, so to people who was wondering my age, 15.

Gambling is addictive, keep that in mind. If you are fifteen years old, where will you get your money to gamble? If it is from your parents, then there's nothing to argue here. They are more likely not working eight hours a day to support you with such activity. And likewise if you have a job for some reason, because you should be using it on things that would benefit you for a long run.

Just to site a reference and for you to understand it more, here's an example study of why there is a restriction.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2945873/

Actually there are more which validates the claim of not allowing minors to gamble. The main thing is "addiction". Anything that would be too much is not advisable. Regulation won't be enough because there are things wherein once you are exposed to it, avoidance becomes a problem.
1614  Economy / Gambling discussion / Re: Any p2p LUDO, Carrom, 8ballpool game with Bitcoin on: October 16, 2020, 02:18:08 PM
I'm looking for Ludo, Carrom or 8 ball pool which have BTC payment option and can be played with another person on the other side. I have not seen one yet. If there's any, please share your experience.
And why don't anyone develoo such a platform? I think there are a lot of fan of 8 ball pool and it can be a popular one if it would allow playing with bitcoin.
Maybe, it is because majority of the gamblers are more into cardgames, slots, dicegames and such. Gambling games of the above mentioned are not that popular in my opinion and that might be the reason why developers are also not pushing or giving that much support to games of the likes. It would be interesting to be honest but ofcourse, the majority of the 'consumers' would be more followed by the developers or gambling sites. Being a trend setter won't be that easy in this industry. New players are more interested in traditional gambling games and they are looking more towards bigger rewards among gambling sites rather than the kind of games being offered.
1615  Economy / Trading Discussion / Re: My speculation regarding Bitcoin will hit... on: October 13, 2020, 01:52:25 PM
I doubt this because right now the bitcoin are having a struggle with the market mark of 11.3k dollars if the bitcoin already reaches over 13k or 15k I will not agree with your prediction coming within over an 18k market price of the coin.

Also, it's better if you make a supporting statement regarding with your prediction so some of us give an idea of why it will reach or not because today just say the bitcoin falls to 10k again the number of chances of this kind of prediction may happen because the market of the bitcoin is volatile.

1616  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Covid 19 on: October 12, 2020, 04:20:13 PM
Well, investment with bitcoin is a good idea but you know that the market of the bitcoin is volatile.

It depends on your business too if does it fit with the bitcoin.

I think if your business is related to the world of technology and does apply for online payment and cashless transaction I think this is suitable too because during this pandemic the people don't want to make contact with other people instead they just want to make all of the transactions more cashless to prevent interaction.


Because of this covid, some of the people are having problems regards with the money I think one of the best things you should do too is to save your money.
1617  Bitcoin / Bitcoin Discussion / Re: Bitcoin Not User Friendly Yet on: October 12, 2020, 03:49:05 PM
Today it's too hard to introduce the use of the bitcoin because there are a lot.of people telling this is a scam but if they prove it they don't have too much idea regarding this.

The reason why is because of the rumors they hear about the bitcoin that this is a scam but the truth is not.

If you want to share the use of the bitcoin I think the very catchy thing to tell them is they can earn with the bitcoin, it's safe and it's transparent for sure someone caught their curiosity about this kind of topic.

But I think the elders don't want to join with the bitcoin because they are afraid of changes and they don't know most likely the risk-takers are the teenagers.
1618  Other / Beginners & Help / Re: Help, from a beginner on: October 12, 2020, 03:09:08 PM
Good day and welcome to the community of bitcointalk

Before anything else you just need to visit our Meta and read the meta and other introduction guidelines and also visit our beginner and help board to see about the things, you need as a newbie member.

Our forum consists of different boards you can always visit depends on what you are interested in.

We have the Trading discussion and altcoin discussion this is just a few of them.

Also try to visit the thread suggested with the other members.
1619  Other / Beginners & Help / Re: Begging for merits is not a good idea. on: October 12, 2020, 02:34:37 PM
Begging of merit is prohibited right here on our forum and if the merit sources and other members think that you deserve merit I think they will give it to you it's better to change your perspective right here on the forum like just spamming bounty campaigns and doubting to earn the forum is huge there are a lot of topics and threads that you can learn and helps you to increase your self.

This post made my day. It's just like how to earn 1000 merits in just one week.
1620  Other / Beginners & Help / Re: Be careful during use escrow service from the forum. on: October 12, 2020, 07:58:48 AM
I haven't tried yet using an escrow with the use of cryptocurrency transactions. I think it's very risky if the scammer makes an introduction with your profile and using a telegram account and not directly makes a private message first right here in bitcoin talk. I think the other party does not know something regarding this forum so the only proof given by the scammer is just your profile.

I think these steps must be followed.
1. Find an escrow
2. Direct message here on bitcointalk
3. Wait for them to respond
4. Make a deal
This is safer than directly on the telegram.
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