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861  Economy / Marketplace / Re: Is there interest for bitcoin gift cards? on: February 04, 2018, 04:52:00 AM
A prepaid Bitcoin gift card isn't that kind of useful because you could just send some in his wallet as a gift. It could be applicable with a design but the thing is it could not prove its usefulness. A disposable wallet could be great where that will be your temporary wallet as of the mean time, but prepaid gift card where you can put it in your wallet is not that practical because the Bitcoin transaction itself is continuous and it is processed by the miner. Unless there is a server in the Bitcoin network that holds all these prepaid or credit funds that will be enabled once the prepaid code is activated with the use of internet, but it still all leads to the same concept that you're sending it to someone's wallet where you can just do it simply using Trezor or Ledger as it is a solid wallet for Bitcoin and any other currencies.
862  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitconnect scammed ? on: February 04, 2018, 04:39:41 AM
It is obvious to be a pyramid or ponzi scheme from the multi referral system that will invite such amount of investors to invest and the referral person will receive bonus. Doesn't it seem obvious that it isn't just the fluctuation in the price in the market that the Bitconnect is trying to take advantage at? I mean we all know that cryptos are naturally unstable and that is advantages that everyone uses to get profit. Since it was a really popular exchange site, the owners expect a lot of investors in it where the owners will also make the "promised return". In fact that loan or investors are paid in BCC not in Bitcoin from their deposits in the exchange to earn. It is like that it is one way trade where you will still need to convert back to earn your profit. The owners were only basing on the tokens used in exchange into their loaning program where that is the instrument that investors are needed to use in their investment.
863  Economy / Economics / Re: Privacy vs Regulation and goverment actions on: February 04, 2018, 04:17:02 AM
If the government has the time to invest their money into cryptos then I think aside from regulating or banning it, they will make their own crypto that might have connection with the fiat currency and the majority of the function of the coins these days. If the government will really support these coins, then I think they will plan on doing something new about it in fact that it will not just be at the regulated price and economy, not just in the security of each transaction but they might even make new technologies that could provide widespread function. New functions like a technology or a gadget where you can buy services inside. These situations depends because cryptos either end up dead or dominant in a country depending on how the government perceive its usefulness in the economy. Government might think that it functions the same as credit cards and debit cards because they're both an instrument for online transaction.
864  Economy / Economics / Re: Why do you want high price of bitcoin after all? on: February 04, 2018, 04:07:53 AM
Everyone asks for a high price in selling, even me. Is it greed? No, I don't think. Is it due to competition? I think yes. We all go for the high price in the market in the role of seller not a consumer. It is normal part of the economy to be honest, because the competition and competitors are the factors that also makes up the market itself. In Bitcoin market, we all have the word HODL because we all wait for a high price to sell nothing else. We all wait for the rich investors to buy even at its high price, because we all know that there are large Bitcoin holders out there and they're the one the uplifts the price because of the large investments they made. I even have the thoughts that the competition in this cryptomarket is really complex. It is not just us, the sellers, that competes to each other to sell at a high price and the maximum margin of the rise. We also have external competitors outside the cryptocurrency such as the government that will regulate its price leading us below the margin of our profit. There are also FUDs that varies in sources because they are all happening worldwide. These FUDs that wanted to promote their local bank instead of these future currencies. The other coins also became its competitor. In general, each one of these are the ones we always try to avoid because we all wanted to reach the maximum price that Bitcoin can be as the time goes on.
865  Economy / Trading Discussion / Re: Don't look at btc every five minutes on: February 04, 2018, 01:39:17 AM
Lol. I was like reloading the google page with a search of "btc to usd" every minute. It kinda itches me to think that it is going down sometimes, but I was shocked suddenly when it reached around 9k. But nothing could make me sell it at a low price. I know it will all regret and greed in the end. I will lose all the opportunity of selling some of it at a high price. It is a long-term investment to be honest, so making observation at the price in even a second won't be worth. You could be starting the selling process right now, but as you process it the price will always move. You never know how much you lost during the selling. Only sell when it is jumping up and not going steady.
866  Bitcoin / Bitcoin Discussion / Re: Buying lots of Zcash (ZEC) on: February 04, 2018, 01:23:17 AM
Zcash, in my opinion, would be a great investments especially for large firms what gains a lot of net profit in their operation. I mean they could invest in there and use it for transaction since Zcash is focused on the privacy of the transaction that will help avoid such stealing in the transaction since Bitcoin hacks aren't really avoidable due to the popularity it already reached. Since it is stated in the internet that Zcash's transaction is mostly controlled and audited in user's control, it is more reliable to make transactions there since it is under your discretion. User's also can still use the traditional privacy of transaction which is writing it in the blockchain as how most of these transactions were done. However it is kinda a bit of prone to money laundering since you can't track someone's transaction unless they allow it to be written in the public. I suggest that this currency needs an authority to watch over these transactions in case of frauds happening there.
867  Bitcoin / Bitcoin Discussion / Re: Bitcoin - 2 SCENARIOS on: February 03, 2018, 03:59:08 PM
Bitcoin as a currency possesses a lot of possibilities especially in the current situation that it is still developing and gaining a lot of investors. In the network, it still has a lot of possibilities that can be used by other consumers in the market such as lower fees in faster transaction. We all know that most miners prioritize the transactions that are paid with a high fee. How about a network that will control all these transactions? We all know that Lightning Network is one of those. We need to stabilize the transactions even more. There are over 37k unconfirmed transactions by now and it is really quite scary because we never know how much it could affect the future use of Bitcoin. When large companies start to use this like today, Microsoft, how much could it impact the company when all those money written in the blockchain starts to get unconfirmed. It will still be confirmed, but there could be situations where it is needed the most such as for income taxes. It will be a major impact to the company to not pay these obligations in time.
868  Economy / Trading Discussion / Re: 4 factors that could destroy your Trading on: February 03, 2018, 06:53:16 AM
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.

Greed, in opposed to patience, is what ruins the market these days. After reaching a assumed profit, they will start to sell all their coins. They expect profit nothing else. I know that it is a common goal to earn a lot of profit in completion of a stable life, but this kind of trait which is greed kind of ruins the market in the way that when a trader starts to sell and sell his coins, other people doesn't get the opportunity to sell to a profitable margin. It is in fact part of the competition and we can't deny that even us were guilty to it. In competitions, you can never stop those. However trading at bulk prices could be sometimes helpful, because it will be all burst profit and the market doesn't circulate in your business and the consumers only. Others can have the chance to sell.

- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader.  Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.

FUD Fest you called? Everyone fears the zero value in the market, especially to large investors that has a large capital in trading. They tend to sell more and more of their coins while the market is falling slowly. They fear those news regarding the closure of exchanges which just really means regulation at the first place. In fear trait, it is with lack of comprehension at the news. The recent India FUD news is one of the example that causes fear. I think many of them sold their coins after hearing that news but the real thing is that the government was just not allowing the cryptocurrency as payment due to illegal activity. It didn't state that it is illegal and will be banned. I wonder how many Indians have regretted their decisions when the FUD was clarified.


- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses.  If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.

Regret from the trait of becoming a greedy trader. You can never see it until it is too late. I was like this to be honest. When the Bitcoin almost reached 20k USD and I sold around 14k. I didn't got it because its too late. However because of instability, we can't even blame ourselves sometimes due to fear  that the price might fall and we assume that is the peak of the price.

869  Economy / Trading Discussion / Re: Risk Management on: February 03, 2018, 05:17:38 AM
When we're talking about risks, we're talking about decision making. There is no way you could eliminate risks because you're not the only entity in the market. As a simple components of the market, there are buyer, sellers and government(situational). These three all three are what manipulates the risk or decision you're taking. You can't stop nor control any of these components in the market because they're the one that makes up the market not just you. However if you would like to reduce the risk you're taking, you can manage your investments well and don't go all-in in a single currency. Invest in a lot of coins in the crypto market, so when a dip in price happens you're not all losses, however you should have the thought of the significance of quitting the market when you even know that it is unstable. Why would you sell in a crash, if that is just a normal phenomenon? In the first place, you shouldn't really need to invest in the crypto, if you're just gonna sell it all in that particular event.
870  Alternate cryptocurrencies / Altcoin Discussion / Re: Never be herded like sheep by the wolves...... keep your BTC and wait. on: February 03, 2018, 04:59:40 AM
In such concepts in the market where it manipulates our psychological traits as the market makes a certain reaction. Such as the grand dip it made today, it is like we're in the middle of deciding whether to sell, buy or wait. Market will try to manipulate us same goes to the competitors in the physical financial firms, where the market will drop and the competitors of the Bitcoin will spread out FUDs to try and manipulate our minds to sell and lose hope. It is in fact that the " tamed sheep plague" is a virus that keeps spreading in the market where they get hunted down by these wolves, where in fact this is the panic selling that I am talking about. People that will panic sell is continuing to increase in rate because of the fear that majority of the people will quit the market and cash out all of the deposits and investments.

This applies to btc only and I would not say this applies to people that have invested into icos with no functional product and no real unique use case. Those could be dumping for good im afraid and i would not be shocked to find those huge ico projects that have nothing to show for the millions of dev funding and millions more they extracted from traders after are not being dumped right now as they feel the SEC on their asses. Imagine those millions of dollars trying to get out into fiat ..........that would give btc and eth a big smack down.


It is quite applicable into situations of investment in ICOs and the project itself could be the sheep also because the BTC is like its mother cryptocurrency, meaning that the finacial resources of the projects could also be allocated in the Bitcoin currency and not just on the coin their made because the project itself could be a disaster after the failure of the project.
871  Bitcoin / Bitcoin Discussion / Re: Truthful information comes from india on: February 03, 2018, 12:51:36 AM
Such a little mis- informative news or what we called FUDs causes such major impact in the market. Sometimes it is also in the misinterpretation of people at the news itself that causes these FUDs. It is also sometimes it is in the news itself that causes this. Saying that "eliminate the use of cryptocurrency" is quite a scare already to citizen of the said country. Even I misinterpret this kind of news although I don't panic because I know it will be lifted up soon. News should provide a detailed news about the cryptocurrency because it can either end up the worst to the public as there are many users now in the cryptocurrency market. For some people, understand each detail in the news because your panic doesn't prove anything helpful in the market. It is quite shocking that these news caused a major drop in price, as India is one of the most populated country around the world.
872  Alternate cryptocurrencies / Altcoin Discussion / Re: First to reach 1 Trillion $ on: February 02, 2018, 04:14:27 PM
Bitcoin is what I had voted. It is the nearest thing I know that will reach the market cap price of 1 Trillion in some year. It will be kind of difficult to catch up with Microsoft right now as microsoft has already left so much legacy and popularity these days that's why many investors are really interested in buying their bonds or stocks. Bitcoin, which is unstable, could somehow catch up with Microsoft soon enough as it already reached 150 Billion USD and it is still rapidly gaining investors. Bitcoins just crashed these days so it might prove difficulty in catching up.

Google: 775 Billion
Microsoft: 717 Billion
Bitcoin: 162 Billion

It has a huge gap or difference to Bitcoin, but Bitcoin doesn't behave that much as these other two companies so it might be faster than we thought as it tries to grab the 1 Trillion Market cap. Microsoft was also speculated to reach that goal in 2020, from the start of the implementation of Office 365 making other people's document easier to process. It is really in demand that's why Microsoft's stocks is really continuing to grow.
873  Alternate cryptocurrencies / Altcoin Discussion / Re: For all Stratis holders (the first important ICO host on the Stratis blockchain) on: February 02, 2018, 04:01:28 PM
Stratis could build up a lot of possibilities on the blockchain since it was build up in C#. Investing at this project would be worth the results as it could possibly lead to more creation of blockchain technologies in mobile devices in mobile language/codes. It could prove helpful especially to those finance sector such as benefits agency that would want to use the blockchain technology. In making contributions in your insurance won't be that kind of difficult anymore as it is done in blockchain already. It is a BaaS project, meaning more and more companies could accept this especially to finance center like banks or loaning centers. Since it was developed from a Bitcoin node using C#, its framework could prove that it could be a stable project once it is implemented or succeed as a project. Definitely gonna invest to this coin.
874  Economy / Economics / Re: Inheriting Cryptos on: February 02, 2018, 03:21:30 PM
Like everyone stated, hardware wallets like we all know, Ledger or Trezor will help inherit the cryptos of the deceased person. However there isn't really a full  point of doing it because you can somehow link the wallets of your relatives by giving them the password to your wallet if you're on online wallet. The catch is the trust you will give is really risky if you do it early. Maybe in the future we can have some linked wallets that can successfully inherit the funds inside the wallet by showing required documents such as Death Certificate to prove the death or lost of loved ones. Right now it is by giving information required to gain access in your wallet. In software wallets, you can save your .dat wallet file in your flash drive with its wallet client then instruct in a notepad on how to transfer those funds and just hide it in your personal things then when the time comes they would just discover it and follow your instructions. It could prove helpful but we don't know if they can fully understand the wallet software itself.
875  Bitcoin / Bitcoin Discussion / Re: I'm taking a break on: February 02, 2018, 03:04:16 PM
It's fine to just take a break for a while. Make sure you're funds are in a hardware wallet or in a cold wallet because you never know what might happen to the wallet site you're storing your crypto coins at. MEW? Jaxx? It doesn't matter. Just keep it secured for a mean time and observe how would the price will jump next month which I'll be optimistic at. It's a long-term investment so why not, right?  It sucks that your vacation money is in the crypto. It isn't really worth now to sell. Patience is your best move right now. It will be a while before the crypto start to green again this coming month. I want to consider taking a break in crypto, but I would like to be updated on what is going on in Bitcoin on how much it develops right now technically. You should put your time and effort even more in your full-time job if you have one.
876  Bitcoin / Bitcoin Discussion / Re: Japan recent cryptocurrency hack on: February 02, 2018, 02:18:32 PM
In fact that action is really needed now on how much USD were stolen in the exchange. FSA recently made a raid in the exchange and it stated that it is to check how would Coincheck will react to the hack. This is a massive responsibility for the Coincheck as half a billion was stolen in the exchange. However I don't think that it is not just in the crypto exchange themselves where the fault leads the most. It is also on the users using the crypto exchange. Some people intend to put more than half of their coins in the exchange sites like they're really using it as a primary wallet. The ignorance from the vulnerability of hacks in the site is what leads to such massive disaster like this, but sometimes it is still on the site itself that isn't fully secured that makes this kind of disaster. Regardless of how it was scripted or coded or even designed, it is on the responsibility of the traders themselves that they put many funds in the exchange that is poses a high probability of getting stolen because we all know that these hackers are always active.  Now some people will start whining that they've been scammed in cryptos therefore ruining its image of the crypto especially Bitcoin. Sometimes it is not in the crypto or the panic sellers themselves that causes this market fall like right now, sometimes it is also on the irresponsibility of the users themselves that causes these disasters leading to less and less people that are likely to invest.
877  Economy / Speculation / Re: Keep calm, and take a coffee. A trader said... on: February 02, 2018, 11:14:16 AM
In fact that many people aren't really calm right now and are now overloading the banks right now for withdrawal.
There is no point of basing on your ideas or even speculation unless you have the control of the market which isn't applicable in Bitcoin since it is decentralized. However even if you follow the behavior of the market, you can't pretty much do anything if you're low on capital. You can just wait, but you're not doing anything helpful to repel a crash. We can predict as a guide but we can't fully follow our own instincts in the market. We can't control the market, as the market really controls us. In simple manner, that buy at low and sell at high.

878  Alternate cryptocurrencies / Altcoin Discussion / Re: No Facebook Instagram No Cry on: February 02, 2018, 10:04:49 AM
Outside cryptocurrencies, I have seen so many business firms that invites a lot of investors to invest or buy stocks in these social media sites. After few weeks, *poof* gone. People in these social media, either don't care about what is being advertised to those or they don't trust it.  Facebook isn't really the place you want to be when it comes to a strategic marketing especially in ICOs because that isn't really its main purpose or even the side purpose. It is technically used for just socializing.  I don't even have an Instagram and still I don't think it would be a great place to advertise such ICOs. Mark Zuckerberg doesn't really appreciate such spams and scams that's why he banned all those cryptocurrency advertisements. It is just okay that it is banned in those social media site because it might even ruin the image of cryptocurrency in front of people because new investors might invest in a scam ICOs and spread their words at their experience that this ICO is a scam. People from social media sites will now start more FUDs and more generalize crappy statements regarding cryptos and we all know that is much worse of a situation.


Facebook and Instagram bans Cryptocurrencies ads. I think they are nothing to cryptocurrencies. Facebook users are not great market. It is only few percent of ICO market. I think cryptocurrencies will not die because of them.

It could have been a great place to market before because it can be new from the eyes and interests of the investors, but it just ended up into many scams or fraud, that's why there are few percentage of ICO market there previously.
879  Economy / Economics / Re: Taxes and crypto. on: February 02, 2018, 09:51:34 AM
Taxes. Like they are the worst and the best at the same time. You're earning that 1500 USD that will be withdrawn to your bank account? Well let us cut it off a bit. You're gonna buy that PS4  you dreamed off for a long time? Well pay us first or you're screwed than what you can imagine. These things that we hate and would almost want to evade it almost make us have a misconception that these taxes in all of our earnings are all just for the bad. In every cash inflows we get in our wallet, there will always be an outflows. But everyone shouldn't be worried when those times arrive. We should be even more happy and proud. Why? What could have happened the worse from the action of the government other than putting tax in it? Ban it. I mean if government wouldn't regulate these earning we would get then it could also pose a risk for them due to people investing too much in the cryptos that might end up in a crash one day while these local banks are living in a silence. If we will pay our taxes in the future from the earning in Bitcoin or any other cryptos then see to it that it is for the good. It is the gratitude for the government supporting cryptos rather than banning it. And who knows how much more will government support cryptos in the future  Roll Eyes ? Korea installed a trading platform for cryptocurrency. It is a real-name trading and it would reduce scams.
880  Bitcoin / Bitcoin Discussion / Re: It's just feeling worse on: February 02, 2018, 09:25:43 AM
Just another day in Bitcoin. These FUDS are to be expect, in fact that we all should be ready for those because it has a lot of competitors aside from its other coins but also to some local governments that officially banned cryptocurrency. What you should be more worried about is the risks of bans in your local country rather than the price. There is nothing to worry about this. This is just pretty much how Bitcoin will always behave. It is in waiting, investing, promoting on how you can embrace its instability in price. There is no point of selling. It is just how people react on their worry to its crash. Believe me, they could have just used Bitcoin for profit and not a currency. If you are really one of those people that "really" uses Bitcoin, then these crashes wouldn't worry you. It happened a lot of times, so no use of panicking.


So are you gonna encash , ?

I don't see why not, but we haven't reached yet 20k as of now Embarrassed . I think I might need to buy more.
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