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1181  Economy / Gambling discussion / Re: How much have you won/lost on bitcoin gambling ? on: July 31, 2018, 11:34:33 AM
it is just natural to be a bad game at all. Things are quite stupid here with no basic and legal logic. Everyone knows we would be getting in just to lose money so why to go in.
It is not only about how much you made in profit or if you lost. It is also how much time you spent on it as well. People focus on the profits or losses yet they fail to take into account the amount of time you spend on casinos which actually costs entertainment value. If you have lost 10$ per day of gambling maybe that is not so bad ?

I mean you could have gone to movies and spend 2-3 hours there and spend that kind of money, so lets not forget the money "lost" as also a money "spent" on entertainment. Gambling problems are arising only when we do give more importance on what we are getting back from gambling. When we treat gambling as an another way to find entertainments and not bothering about how much we are winning or losing then gambling cannot be a stupid thing and we will not have the feel like losing at all.
1182  Economy / Gambling discussion / Re: thinking quiting after lose on gambling. on: July 31, 2018, 10:56:33 AM
do you experience that after losing on gambling that you thinking you will quit gambling for good and never come again to gambling but then next day you are already positive  that you could win in gambling?

that happen to me a lot when i lose in gambling but a could never leave gambling. Cheesy
Do not be low self disciplined. Do not laugh at yourself, don't just cave in, don't give up. Try to not play as much as you can, you may return but in the end the more you do not gamble the better for you. So, the point here is not to just quit cold all together but postpone your return as further as possible. Some people give in because they know they will come back to gambling, well what of it ? Even if you return, giving a break is better than just caving in and going back to it right away.

It is not easy to quit gambling, instead I came back to gamble again to gain again what I lost. Revenge is the correct term. After losing i don't think of quitting.
Then what is the final thing here with your gambling activities ? I believe no one could be successful in taking revenge against gambling. Instead of revenge, we must develop a habit of accepting the whatever results of gambling. If we are mature enough to do that then there could be some happy end will be possible for the gambling activities.
1183  Economy / Economics / Re: Does Bitcoin had a back up by real money? on: July 31, 2018, 10:10:53 AM
I just wonder how bitcoin really works on local exchange around the world because if you will going to need a real money and you have bitcoin definitely you can sell your bitcoin and exchange it with real money in your local to be used. Well if all people around the world would exchange their bitcoin holdings is it possible because bitcoin is being back up by real money?
"Real money" lol. What is real money ?
I mean you think the money in your bank account seems more real than the bitcoin you have ?
You can cash out your money in your bank account into cash and you can cash out your bitcoins into cash from a bitcoin ATM as well. How real is the money in your bank account ? Whats different than bitcoin ?

You can have a debit card and go spend that bank money anywhere? Well you can join somewhere like xapo or coinsbank and get a debit card and spend your debit card anywhere you want as well. Bitcoin IS REAL MONEY.
1184  Economy / Economics / Re: If Bitcoins aren't tied to a conventional currency how did they get so valuable? on: July 31, 2018, 06:24:15 AM
If Bitcoins aren't tied to a conventional currency, how did they get so valuable?
Bitcoin is the peoples money. People are giving it a value because they rule it themselves. It is not like traditional government money where government can affect the prices. Hence this causes bitcoin to be up or down, expensive or cheap, whatever the price of bitcoin is actually decided upon what people value it. The value of it comes from the chances of not being tied to governments or corporations and having your own currency that you can call yours without anyone meddling with it.

All things in this world get their value based on demand. This demand is being decided by the supply. This is one of the core concept of every economics which applies to bitcoin ecosystem too. You sound like a school boy, go and educate on this from wiki pages before asking any more doubts from this community.
1185  Economy / Speculation / Re: Should I continue hodl my Bitcoin? on: July 30, 2018, 03:35:38 PM
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
Yeah you should hold your bitcoin as long as you can because the price today is very low and if you sell your holding you will lose your investment. The future is bright of bitcoin and the price will grow again in the future. You just need to be patient and cool. Crypto investment is for long term and especially these days are not for sale besides for holding.
Holding is not making bitcoin any more value than lack of sources. I know there are less bitcoins in the market because of all the holders and lost coins and so forth but still if you just spend your coins on something with bitcoin you are telling that seller that you would rather use bitcoin than fiat currency, also if you provide people with bitcoin payment option on whatever you are making money and offer them some sort of discount than you are telling even more people to get bitcoin so they can pay you less. All of this creates a bigger world than just you that uses bitcoin. As per the trend of last weeks, bitcoin started to show positive side which may last months to year when considering the money inflow capabilities from most other investments. Hence continuing bitcoin holding is highly recommended.
1186  Economy / Speculation / Re: Mike Novograts to CNBC: ‘I Think Bitcoin’s Price has Bottomed’ on: July 30, 2018, 09:29:18 AM
We can't trust the economicts in this market, they have too much to lose if bitcoin is going up and becoming more stable and adapts to regular life of everyone. Unlike most other markets, bitcoin market is still undergoing havy manipulations by institutions and whales hence these economists and their predictions.

Economics try to make money of stocks and forex and derivatives and if people make their own money than we may not need wall street ever again, bitcoin is here so that more people can have a share of the pie in the market. It is not like dollar where even couple bucks can change the life of some african family yet some companies spend thousands of dollars on paper costs.
1187  Economy / Economics / Re: Cryptocurrency is a trending topic all over the world? on: July 29, 2018, 02:34:54 PM
Cryptocurrency already existed a few years ago but it's just not widely known because its value is still low. But I think this year many people are interested in using cryptocurrency, not only in some social media even in many popular movies that talk about cryptocurrency that's really good i think.
Really getting famous even despite the huge downtrend in the first half of this year and I believe it would still get more interesting than this as time goes on. One thing I have noticed however is that a lot of the mentality about getting rich quick has reduced so much, while some are still wallowing in self-pity due to their losses, some are still taking advantage of even the dip at this moment.

The good thing is that cryptocurrency and blockchain in its entirety is being discussed more often as the days go by. It brings new people into crypto space which again works on a way to make people to talk more about this. Yes, it goes more cyclic nature which may not end even bitcoin prices staying at current levels itself.
1188  Economy / Economics / Re: "Study" Shows Ethereum is More Decentralized Than Bitcoin on: July 29, 2018, 01:44:38 PM
It can be true, it is really a hard decentralized coin and has a lot of features that works a lot better than bitcoin in total and I do believe ethereum will get a lot bigger than this and even rival bitcoin in the future if this keeps going with the ICO deals and all. However Bitcoin has been around a lot longer and have you seen any 51% attack that killed bitcoin ?

Have you seen any centralized issues that caused bitcoin to collapse ? Even the crooked miners tried to take over bitcoin but failed and created their own worthless bitcoin forks. As Mr. Satoshi is being anonymous, I am understanding all the decisions and regulations within bitcoin environment is being executed through consensus not by a single person's opinion. As long as those consensus are happening transparent and as per majority's will then we never worry on this issue by comparing bitcoin with ethereum.
1189  Economy / Economics / Re: Is small business ready to sell for cryptocurrency? on: July 29, 2018, 01:13:20 PM
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
It is not small business' that needs to be ready to sell for cryptocurrency. It is the providers that needs to get ready for it, you need to create a system for the small business to easily accept bitcoin and easily sell it to fiat for paying back their own providers as well. Small business needs ease of use and ease of selling, unless you provide these two to them they will not consider taking any of their business to crypto at all. It would just make their lives a lot harder.

I can say yes they can if they they know how to manage it and if everything is settle and have been agreed thereis a chance  for this small business to grow and expand and can use bitcoin too.
Adopting cryptocurrency must be a very small part compared to a business. Now a days, cryptocurrencies payments options are available with proper processors who will take care of all the hassles of handling a new payment system. Hence, I too believe more businesses will start adopting bitcoins in coming days given that their governments have positive or neutral stand against cryptos.
1190  Economy / Gambling discussion / Re: Criteria of a good gambler on: July 29, 2018, 08:31:20 AM
A good player is not someone who constantly wins, but the one who plays on a large, goes to the last to win.
You must be wrong like most other people here. There are thousands of gamblers here who never bother about winning still they all could be considered a step ahead like best gambler. Yes, how you manage your gambling life alone will be deciding ether you are a good or bad gambler and not just your winning counts.
Loss is part of gambling and the earlier a lot of people started knowing that, the better. There is absolutely no way anyone can actually think that gambling is a way to win a lot of money and not end up being an addict since at some point they will end up losing a lot anyway and instead of accepting their losses and moving on, they try to find ways to recover their losses while thinking luck could help them out. Unfortunately, things do not work that way.

There could be two category of gamblers : self-satisfied gamblers and good gamblers into others eye. Because a self-satisfied gambler must be a good gambler to his heart but the criteria must be different from others. When we spend less and limit everything with gambling then every gambler must be a good gambler on their own and for others too.
1191  Economy / Gambling discussion / Re: Deposit Altcoins and withdraw bitcoin? on: July 29, 2018, 05:58:18 AM
Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.
I am not sure if the question is intended to look correct or shady at all. I mean if you really want to know there is none and there should be none but also why would you ask that.

Is it because you want to not hassle with exchanges or something ?
You can clearly change any coin to anything on your exchange as well, why would you expect to casinos to do that for you ?

If you wish to change your coins from eth or ltc to btc, just use exchanges and whatever you end up with use that to wager on sportsbooks. I have tried to covert my bitcoincash into bitcoin in bitsler but it is the features only available for higher level of gamblers and not for irregular gambler like myself.
1192  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Alt coin are bleeding badly on: July 28, 2018, 05:33:11 PM
Until there are some new capital investments in this market. Then the price of altcoin will increase again. Stay in the current state. It is difficult for altcoin to go up as investors are investing heavily in Bitcoin. Makes the altcoin price drop
Generally, there is no doubt that we all want to be optimistic and also hope we get to see the best from the market, but the truth at this moment is that everything about this market is uncertain and it tends to show the possibility of being hit by the bears pretty quickly. This is more like a fake bounce to me as well, and until I get an otherwise move above the current resistance around $8800 that does not look like the bulls have the potential to squash out of the way, then the downtrend in the short term is pretty much intact.

When bitcoin will be tied out then we can expect the money flow to be turned into altcoins. I guess that turn may occur by next week. But at the same time, I am too afraid of more bleeding from altcoins by this week end whereas bitcoin is known for sharp rising by week end.
1193  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Predicting a real rise in 2nd half of 2018 on: July 28, 2018, 03:44:20 PM
This bull run has taken a lot longer than I originally thought it would.  Oh well, it pays off to be patient.  Most experts are still predicting a 50k+ bitcoin by the end of this year so don't be too sad.

It is a very high target that bitcoin hit 50k+ by the end of this year, but we do not need to forget that the rise to the recent all time high of 20k was in three weeks. There can happen a lot of things so I hope that we see a new ATH.
$50k may not be really a high target as market has turned into up trend in last few days. The thing is that people expect something huge in the short term, but they do not know that technically there are something’s that are not just possible unless of course the market reacts to a very strong news that brought about huge demand for the space and mass adoption which could actually see us get the sell-walls squashed to the upper side and even tend to increase the FOMO rate as well.

I am also expecting prices to stay positive in coming days of this second half of the year which may land bitcoin market into half of $100k zones too. It may sound unrealistic as per current price levels but probably possible by considering the magics we have experienced in late 2017.
1194  Economy / Trading Discussion / Re: Bitcoin prices are controlled. Accidentally or intentionally? on: July 28, 2018, 12:49:22 PM
There are clear boom and boost cycles in Bitcoin, they are useful to shed out all the noobs and leave only the strongest holders that know what they are dealing with. There's a lot of people holding Bitcoin that don't deserve to hold Bitcoin because they don't understand it, so these will be forced to panic sell. Governments and whales will keep stacking up on coins, then they will declare it world reserve currency and then the noobs that sold will complain that Bitcoin is controlled by a small elite.
That is usually the idea normally and that is intentional. Whales play with emotional manipulation which they can easily read from the charts, they know when people are getting highly greedy and they know when they are getting panicky and so many people trying to avoid the market not knowing what is next and they take advantage of all that. It is a normal thing to see and most especially in a decentralized space, and trying to understand that helps.

When a new investor gets educated about the futures of bitcoin then he may go for investing into bitcoins wildly which may result in huge pumping and the vice versa also true. Intentional pumping are known as whales manipulation more frequently in crypto environments.
Accidental manipulations are common for any markets and we have nothing to do with them. But, intentional manipulations should be prevented but that is becoming a big challenge as crypto markets are basically unregulated markets hence whales find it as their playground.
1195  Economy / Trading Discussion / Re: What you should do when you lose most of money? on: July 28, 2018, 08:58:21 AM
It is very easy to learn but it takes time you have to start hanging around in the market and start viewing at the charts for a long time and try to analyze what is happening in the market, and also you should always know that the markets are different from each other for example what works for stocks does not necessarily work for bitcoin and it doesn't work for altcoins.
Each one of them requires a different set of experience and different specification.
However the way you made that money at first, try doing that once again. If you lost money that means you also made money, in order to lose it you first find it. Find that money again do whatever you previously did and you are golden. That has been what I keep doing, I make money and if I lose it than I keep making money and try again.

My nano investments have been steadily going up considering the price went down I keep investing in order to drop the bought averages down and whenever it goes up I plan on getting out very quickly as soon as possible. If we have chosen the investment after big study then we may go for holding them for infinite time period when the market goes against us.
1196  Economy / Trading Discussion / Re: Learning Crypto trading as a beginner on: July 28, 2018, 07:39:40 AM
I don't believe in investing in only one coin. Diversification is key to spread risk and maximize profit.
Crypto baskets are something worth considering.
That is actually one part of trading and not all part of trading and those are just even some principles one should pay attention to anyway when it comes to trading. To learn, you just need to get in tune with how to do series of analysis as much as you can study and then practice them bit by bit to see which strategy is going to suit you better with experience. The thing though is that if you are ready to learn and dedicated to it, you will indeed get better over time without rushing anything.

But while trading we cannot focus on multiple coins, that is the reason most investors do go only one or two coins. But while investing we may follow multiple coins effectively as per how I do manage more than 25 altcoins along with bitcoins.
1197  Economy / Speculation / Re: Selling bitcoin is a stupid decision ? on: July 28, 2018, 06:51:57 AM
It is not stupid if it is needed. If you need money and you have an expense that you need to pay, cashing out is as valid point as it gets. However if you are selling bitcoin because you are fearing that "bitcoin is dead" or whatever the FUD of the day is, than yeah it is stupid decision. Bitcoin will never die, it will live forever either as a payment method for all of us or it will live in history books showing what started this financial freedom movement.

Simply, we sell some bitcoins from our saving for a life's need. But selling out all our bitcoins due to someone's predictions must be a stupid decision. We first understand what the potential are hidden within bitcoin and how far it may get explored in coming days. When we will have a clear idea on these then we will never try to sell our bitcoins.
1198  Economy / Speculation / Re: Bitcoin for $1 Million !!! In ten years? on: July 28, 2018, 06:01:08 AM
Two analysts believe bitcoin's recent spike comes from an increase in trading volume in Asia. Mati Greenspan of eToro and Clem Chambers of ADVFN argue that the trade standoff between the United States and China has turned investors to bitcoin. As the standoff threatens the value of Chinese and American currencies, Asian trades - especially in Japan and Korea - have increased investment in bitcoin as a hedge.
Yeah even the investor understand the valid points of why bitcoin has a value, yet so many people here keep talking about how bitcoin can go down or can go up and how they can make money from it and so forth. We need to stop caring about what bitcoin price will be and start considering what bitcoin stands for, in return bitcoin will become stronger and its value will get higher. We can't chase the money, money will lead us to where it already belongs in today's finance world, we need to follow ideas, that will take us to the promised land.

I think $1 Million for 1 Bitcoin is too much but anything can be possible when we are talking about bitcoin.
Some 2 to 4 years back people were talking about $10k for one bitcoin is too much and impractical but now we are having prices around that. As per my research and analysis, bitcoin may have one million dollar value in next 2 to 3 years of time.
1199  Economy / Economics / Re: Tax on the crypto currency! What do you think? on: July 27, 2018, 03:14:45 PM
It’s good to pay tax, despite that most of us are living in countries where the government are not doing what they are supposed to be doing for the citizens and for the country. But as for Bitcoin and other cryptocurrencies, I don’t think anyone of us here would support the idea of paying tax to the government just for making use of Bitcoin.

People that usually bring up these idea of paying tax are just stupid and creepy government workers. Makes no sense to me, we shouldn’t pay tax for Bitcoin, the one we are paying in our countries are already enough, we can’t be paying double tax.
What is being paid when it comes to tax totally depends on each country and how lenient they are when it comes to tax. It is not like tax is not already compulsory in most places, so rather than users reducing as a result of tax they have to pay on bitcoin, they will rather see the need for the value nonetheless. This is applicable as well to converting to fiat anyway as capital gain tax, but whichever way, the only thing that is going to aid the growth more is for government to be lenient with taxing the crypto space.

Personally I am ready to pay tax for the money I do get from cryptos and definitely not for all my crypto value. I believe no once could come to know how much I am saving in cryptos. Hence, I guess I may move on as per I prefer among any government regulations against cryptos along with taxation on cryptos.
1200  Economy / Economics / Re: Elevator down and stairs up for BTC? on: July 27, 2018, 02:28:49 PM
I loved Dec. but now the bear cycle came down on us so fast like an elevator. So what does that mean for the near future are we taking the slower stairs back up for BTC?

I'm glad we had double-digit growth couple days ago, but now it's like so slow and not just busting through $9-$10k.. what the heck BTC.

What are your thoughts, elevator down and stairs up or not?

We are still in the bearish trend but its good that bitcoin is slowly recovering in the last 48 hours. But its still a long way to go for that 5 digits again but at least we have seen it bouncing back and maybe preparing for a break out run. July seems to be a good month for us and again this perhaps is a good sign that we might see the price goes to $10K-$15K in the next couple of months so stay tune.
Remember the last year when we took the elevator and the price rise to 20K in just a matter of weeks. So it has to come down as fast as it has gone up. Going through the stairs means there is almost zero percent chances of bitcoin going to fall again and this is what all the bitcoin investors want.
Probably you are referring to consolidation period.
Trust me, we are not even there yet and a lot of people will be so bored during this moment of consolidation than what you are seeing now. This is when I term as the long term accumulation period though.

For now, the chances of us going down more than moving up is higher and if there is going to be any up movement for now, it sure will be some little move upward and nothing too serious since there is a lot of uncertainty in the market and smart moneys will be totally out for now.
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