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61  Economy / Economics / Re: Markets See Massive Sell-Off, Bitcoin Dips Below $5,600 for the First Time 2018 on: November 15, 2018, 12:11:40 PM
Even USDT is down. This must be in connection with the stock market crash and dollar gaining value. I see no other explanation for every coin including stablecoins moving down in value despite there being no bad news, no FUD, and the possibility of BAKKT and ETF. When nobody knows what's going on it looks staged and manipulated, but let's give them time to make something up.

Tether being down is easy to figure out. Mass amounts of people and funds are leaving the market. They transition from BTC/ALTS in to tether and then they need to sell their tether. Because so many people are selling their tether the price falls just like any other coin.
62  Economy / Economics / Re: Young people will drive Bitcoin adoption more than the older generation. on: November 13, 2018, 09:13:39 AM
We know that younger people these days are used to everything being faster and more efficient, because they have been exposed to technological innovation from their birth.

The younger people entered this world at a much faster pace than the older generation and they are being bombarded with choices like no generation before them. They are also used to instant gratification, because technology has enabled a world where things happens almost instantaneously.

Bitcoin is just another technology where things are done more efficiently and much faster than the traditional options available and the younger generation are drawn to these technologies, like a moth to a flame.

Bitcoin should be applied to all services where there are a need for more speed and efficiency, to draw in the younger generation that are constantly searching for that.

Do you agree? Let's discuss this and see if we can target the correct demographic with this technology.  Cool

I agree about the younger generation being used to and expectant of more. However I would have to disagree about bitcoin currently being faster and more efficient, at least in all scenarios. For many situations traditional banking systems are still more efficient, until bitcoin is widely accepted and used it won't surpass that.
63  Alternate cryptocurrencies / Altcoin Discussion / Re: Woman Arrested for $450,000 Crypto Heist on: November 13, 2018, 09:10:15 AM
My first thoughts exactly when I read that. A 56 year old man and a 23 year old woman, hmm... Sounds like someone was probably thinking too much with something other than their brain and paid the price. As bad as it sounds, I think both are at fault, the woman for taking advantage and the man (if is the case) for being so gullible.

The same scenario is repeated many times I suppose. This is not the first time I heard a rich guy fall for a (supposably) beautiful and attractive woman. Probably a rich woman can fall for an attractive guy too, just the classic sexual attraction thing. Still, $450k was a huge amount. If I had that money, I'd probably save it for myself and never tell anyone I have that.
When it comes to woman this is usually the common weakness of man.  Cheesy
Speaking out things which aren't really needed to be spoken off which would really leads into loss because someone do took advantage of it.

I guess that it's just human nature to think that you're the exception to the rule, people often are blinded and believe that it's true love in their case and that it's different to all of the other stories they've heard of elsewhere. But similarly I would do the same, age difference or not, any decent fortune I had would be kept secret until I could truly trust someone. Even then it would be on a need to know basis.
64  Economy / Speculation / Re: how will bitcoin reach one million dollars? on: November 12, 2018, 10:02:20 AM
going from $0.001 to $20000 was 1,999,999,900% rise. now you are arguing that 10000% rise is too much?! besides it has nothing to do with the percentage of the rise. when you look at the numbers like this of course you will be confused. instead you should look at it this way:
the cap is at 21 million bitcoin so there can't be any more. and there are billions of people around the world who are slowly adopting bitcoin and want a portion of it. as the supply remains fixed and the demand grows the price goes up with it. the fact is the unit that bitcoin has ever used is "satoshi" not "bitcoin"! and we should talk about 1 satoshi's price instead. 
right now the adoption is less than 1% of the world  and as that grows the price goes up.

Considering just previous percentage growth is also a naive approach, there are very few things whereby growth is constant, as growth happens then growth inevitably slows until it reaches a maximum possible. While you're right there are many people left who are not invested in to bitcoin, you also need to consider that the price is being determined in USD and there are only so many USD to go around. $21tn is a lot of USD just to be 'invested' in to bitcoin. I say invested like that because I understand that a $21tn market cap doesn't actually mean there are $21tn dollars behind it.
65  Alternate cryptocurrencies / Altcoin Discussion / Re: Woman Arrested for $450,000 Crypto Heist on: November 12, 2018, 09:57:50 AM

Thank you!


I wonder how that account was stolen or hacked so that it can be prevented as well as the platform of the account. I can also think that the account maybe was compromised by a former lover as revenge or gold digging lol. Maybe I'll just google the direct link to know more of the detail.

My first thoughts exactly when I read that. A 56 year old man and a 23 year old woman, hmm... Sounds like someone was probably thinking too much with something other than their brain and paid the price. As bad as it sounds, I think both are at fault, the woman for taking advantage and the man (if is the case) for being so gullible.
66  Economy / Speculation / Re: Bitcoin less volatile than Standards & Poors. on: November 10, 2018, 10:01:22 AM
This is only a short term period, volatility will increase again with time and then it will be much more than the S&P. The last 6 months are not exactly the most representative period for both of Bitcoin and the S&P with one enjoying near record lows of volatility and the other the opposite. I don't believe that adoption has anything to do with lower volatility, I think it's decreased interest and futures playing their part.
67  Alternate cryptocurrencies / Altcoin Discussion / Re: Woman Arrested for $450,000 Crypto Heist on: November 10, 2018, 09:50:07 AM
Can you link the actual news article? Crypto theft seems to be a hot thing lately, I guess that the majority is from phishing. Before long the Nigerian email spammers might transition to targeting crypto when they realize it will be a much better prospect than telling people their long lost Nigerian prince cousin has died and left them $1bn but they must first pay $1000 to access it  Grin
68  Economy / Trading Discussion / Re: How to learn trading? on: November 09, 2018, 11:21:36 AM
You can't ever master something like trading, you need to immerse yourself in it, study relentlessly and also practice all the time. Be prepared to make mistakes and make losses at times, it's all part of the learning curve. I'm not a trader myself but I've watched enough videos and read enough resources to know that the biggest mistake you can make is to think you've made it and you know everything. Never stop learning.
69  Economy / Trading Discussion / Re: Can this guy really be more than 90% accurate on EVERY single trade? on: November 09, 2018, 11:17:23 AM
90% correct speculation seems a bit hard to achieve, but I believe there are some people capable of doing it, if you want to become good in trading then you need to learn by yourself not by following some signal, but if you want to try to see the accuracy of the signal then go ahead, maybe you can learn something from the signal

This. I could be right 99% of the time but I'd barely make a cent, whereas alternatively people can be right 50% of the time or even less and make a very handsome profit. I would say to always stand on the side of caution and remember that if something seems too good to be true, then it probably is.

True but if I can do 3-6 percent all day then I am solid but I do hear your point.

That's 3-6% profit, that would be great. That's different to accuracy of trades/decisions. For example. If I do one trade and I make $1000, and another trade I lose $50. I've made $950 but have an accuracy of only 50%. Alternatively I could do 10 trades, on 9 I make $50 and on another one I lose $500. I've got an accuracy of 90% but have lost $150. I know which one I'd prefer.
70  Economy / Trading Discussion / Re: Can this guy really be more than 90% accurate on EVERY single trade? on: November 08, 2018, 09:24:36 PM
90% correct speculation seems a bit hard to achieve, but I believe there are some people capable of doing it, if you want to become good in trading then you need to learn by yourself not by following some signal, but if you want to try to see the accuracy of the signal then go ahead, maybe you can learn something from the signal

This. I could be right 99% of the time but I'd barely make a cent, whereas alternatively people can be right 50% of the time or even less and make a very handsome profit. I would say to always stand on the side of caution and remember that if something seems too good to be true, then it probably is.
71  Economy / Trading Discussion / Re: Tether and Institutional Investment on: November 08, 2018, 09:22:41 PM
You can say that FUD will be a strong instrument for other newer stable coins creeping in but their moves are really alarming for investors and the whole community of crypto itself. But I think even if they fail or everyone left their tokens an alternative will still rise since man investors will need to secure their position once and for all when the market is in chaos.

Best case scenario no other stable coins will replace USDT if anything bad happens. It should act as a wake up call for people that it only brings problems. In the ideal situation people are just able to trade fiat/crypto without the need for any added complication from stable-coins.

I can fully understand the ongoing infatuation with stablecoins, from a hedging point of view. But these instruments will always be backstops. Temporary solutions until the actual asset itself becomes mature to the level desired (maybe this temporary in our relative view means decades, maybe our lifetime).

They will fail, simply because they are backed by or pegged to currencies whose years are already numbered. Other stablecoins may last longer, pegged to baskets of currencies, pegged to precious metals, whatever. But the fact is, their shelf lives are already limited by the very currency they depend on - which are all part of the old world that must give way and collapse under their own designs.

You're speaking of a time when bitcoin/crypto replaces fiat and there is no longer any need for a stable coin because there will in fact be no fiat to peg the coin to? I do wonder how the crypto market would respond to only having crypto/crypto pairs that can be traded.
72  Economy / Trading Discussion / Re: Tether and Institutional Investment on: November 07, 2018, 01:08:50 PM
You can say that FUD will be a strong instrument for other newer stable coins creeping in but their moves are really alarming for investors and the whole community of crypto itself. But I think even if they fail or everyone left their tokens an alternative will still rise since man investors will need to secure their position once and for all when the market is in chaos.

Best case scenario no other stable coins will replace USDT if anything bad happens. It should act as a wake up call for people that it only brings problems. In the ideal situation people are just able to trade fiat/crypto without the need for any added complication from stable-coins.
73  Economy / Trading Discussion / Re: Tether and Institutional Investment on: November 06, 2018, 06:30:23 PM
Agree with the conclusions reached, Tether will loom over the market for the considerable future. Sadly there is little in the way of a solution to that, even if tether come out with near conclusive proof there will still be infinite FUD around them and even if they've got USDT backed 1:1 it doesn't mean that there is no risk with it.
74  Economy / Trading Discussion / Re: Can I still get wealthy through Bitcoin? on: November 06, 2018, 06:24:03 PM
Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?

Wealthy is a subjective thing but by most peoples definitions yes. Not only can you invest in bitcoin (which I still believe will turn out to be a very profitable investment) you can also explore other earning potential around bitcoin, for example offering skills related to bitcoin or learning those skills first before you can offer them. As far as the greatest inventions of the century I think it's a little soon for that and I might even say that the first smart-phone surpassed that already.
75  Bitcoin / Bitcoin Discussion / Re: Bitcoin Beats Twitter, Jack Dorsey’s Square Market Cap Reaches $30 Billion on: November 06, 2018, 06:21:04 PM
Something like this just shows the power of bitcoin/cryptocurrency. Twitter is used by a large number of the population each and every day yet Square which isn't that big of a player in the cryptocurrency industry has a larger market cap than it. Either way, oh to be Jack Dorsey.
76  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 🚀🔥[BOUNTY]Platio - Smart Banking Ecosystem🚀🔥 on: November 06, 2018, 06:18:09 PM
Hello, please recheck my stakes for the past week, I believe I have made enough posts in the period to receive stakes.
77  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you buy not top 100 alts? on: November 03, 2018, 12:12:33 PM
I have about 3/4 top 100 coins. BTC and ETH being the biggest holdings there. They are the best investments as they're highly profitable and safe, so few coins have outperformed BTC this year and none over the last number of years. These coins make up about 80% of my portfolio and the rest is in more speculative alt-coins which I have less of an expectation of profit for but more hope of a high return.
78  Economy / Speculation / Re: China on: November 03, 2018, 12:07:39 PM
Is it going to turn into the gold market, where the paper market dominates because of its superior volume?

Yes.

If there's one thing I've noticed it's a desperation to defer to authority no matter who or what is providing it. Sure, there are the hard core who develop, theorise and remain committed to its principles.

Everyone else wants more dollars and someone to tell them what to do.

That's due to the nature of bitcoin's adoption, with the rise of bitcoin and the money that's been made, it's unlikely that with so many people now involved they'd all be here for the tech rather than the money. As always people generally want as much money as they can get with as little effort as possible.
79  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency VS Traditional Financial system on: October 30, 2018, 06:11:23 PM
I think there's no point in drawing comparison between both digital currency (Cryptocurrency) and Fiat currency (Traditional currency). Yes it is well known that traditional financial system is centralized and we have been doing well with it till the evolution of digital currency. To survive in the world we are in, I think there's need for both because some persons still don't have an understanding of how Bitcoin and other Cryptocurrency works. Aside that, I still haven't been able to purchase anything in the real world with my Bitcoin. Rather I convert Bitcoin to Fiat.

People are fascinated with the idea of cryptocurrencies taking down the traditional financial system and replacing fiat so they fail to think of things in the way you just expressed. Neither one is better than the other in every way and therefore they both are important and need to co-exist. It's better just to be grateful you have something to suit your own needs than to be frustrated because everyone else doesn't place the same value on it or have the same needs.
80  Economy / Economics / Re: Economic crash in 2019! RE.1 on: October 30, 2018, 06:07:48 PM
We must know that the economy can be considered to be manipulative, but it is precisely because the financial crisis is unpredictable. When it comes, it is like a demon that swallows hundreds of billions of dollars.

Financial crisis is unpredictable but you know also that it is avoidable. Through the correct management of the government in their economy. It would be difficult if the economy is in crisis, so avoiding the crisis is the best way not to experience another kind of it.

If it was so simple then we would never have another financial crisis again. The best economists the world over have analyzed every past crisis in the hope of finding the solution to never having one again but each and every time they have failed. There is no perfect solution. It is just like anything in life that there has to be a cycle of boom and bust in order to ensure equilibrium. Look at the planet, every however many millions of years there has to be an ice age to erase all of the damage that has been done. Or how plants grow in the warmer months then die in the colder months only to regrow stronger and more spread.
i like your analogy. that means every incident will certainly rise again in the morning sun, and even brighter than yesterday. therefore we do not need to face a dark night. the fear spread by them will only make us panic

It's just to say that's there's an inevitability about it, it's like some economic gravity, what rises must always again fall at some point. We should prepare for crashes and learn better how to reduce their impact as well as how to make them less frequent but eventually there will be another one. Panic is never the answer, preparation and clarity are. The smartest people in the world know economic crashes and recoveries are inevitable but they still invest millions of dollars and an age of their time to predict them so that they can protect and grow their equity.
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