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1481  Economy / Gambling discussion / Re: Did the use of online gambling increase with crypto moneys? on: May 15, 2018, 07:20:41 AM
I'm not sure it necessarily increased on the absolute scale, but certainly there has been a movement to switch from fiat to digital based online casinos. Bitcoin and other cryptos offer so many benefits that are hard to ignore, so there's no wonder casinos are starting to wise up.
in fact I am one of the gamblers with fiat money that has switched to casino criteria and bitcoin, with bitcoin I can more freely to open and anyway without limitations, let some casinos set high betting limits that could be advantageous for double bets

Exactly, through fiat money sometimes it is not possible for us to spend more money for bettings. Through cryptocurrency we can have plenty of time to gamble in 24/7 basis, so online makes more comfortable to people who want to gamble daily when they have free time.
Totally a stupid step to take, seriously. I want to question such people that please tell me don’t you love yourself ?
Don’t you love your family ? Don’t you love your hard-earned money that you are easily ready to ruin this ?
I think we must review this decision of even thinking of gambling and when you think of going for casino along with bitcoins or crypto, believe me you are the most stupid party.
1482  Economy / Gambling discussion / Re: How much have you won/lost on bitcoin gambling ? on: May 15, 2018, 04:44:59 AM
If the market falls, that does not mean it is going to remain the same forever. This market has declined like hundreds of times so far but every time, it not only recovers but improves its status. For a person who has achieved his set target and I hope that target was not a small one, it is good to sell out some of his coins and if there is a prediction of boost, he should wait for a little longer.
Yeah, and that is the good thing about the market anyway. Although, this is a little bit of diversion from the main topic, and with respect to the market falling, I am sure you must have forgotten that you already missed a chance for profit which was exactly what Chris was trying to drive at. As long as you do not have a set target for profit, then you are likely not going to be having it or just have to wait longer for it to hit it again.
1483  Economy / Economics / Re: Why do people think everyone is a scam? on: May 14, 2018, 12:01:46 PM
It is the way life is as everywhere is filled up with scammers and that is a way people can only try as much as possible to guide themselves from scams. You would act the same way as well.

Not all offers may be scam but at least for a new business and a new offer, you have to be able to find something to prove yourself that you are not a scam and as long as that cannot be done, you should not just expect anyone to fall face flat for your stuff without having to question the authenticity.
1484  Economy / Economics / Re: Government Furious on: May 14, 2018, 06:42:21 AM
As we see in practice, not all countries negatively regard bitcoin. Some countries still took it as a means of payment and actively use blockchain technology. I believe that with the correct and reasonable use of bitcoin and its technology, you can achieve great success in the development of the country.
Imposing tax collections will be restricted to the use of exchange, so let's face it, tax collection is something that cannot be easily achieved by the government across board unless this is the case.

However, it is a simple fact that a higher percentage of users are still going to be making use of exchanges anyway, so I do not see how this should be a problem in tax collection. Now, regulation is imposing KYC to be done in most of the exchanges, which I believe would make it easy to track down every user with respect to taxes.
1485  Economy / Economics / Re: What are the challenges for investment with Small capital? on: May 14, 2018, 05:10:14 AM
Don't expect high returns in 3-6 months, Invest your money for long term to get high returns through power of compounding.
Yes. With small capital is that you are going to be limited in your decisions since you are just going to be in the small scale zone in the mean time until you are able to grow from the little you can start from. Now, all these things take time and patience as well as dedication.

Once you know you have an objective to achieve and you have it all planned out, there is just no way you would not do good. It may take time, but someone who is smart with plans, should be able to overcome all the challenges in between.
1486  Other / Beginners & Help / Re: What I Should Know Before i Start Trading Cryptocurrency on: May 13, 2018, 04:56:58 AM
The first thing you need to know about trading cryptocurrency is that there is no guarantee of any sort that you will make money as a result of trading. In fact you may lose all you have while trading. Know what you are doing and be safe.
if you dont have enough coins and brain to rule the market - be prepared to loose. Or just dont be surprised when it happens.
More than the number of coins, it is brain that can save a person from losing money. It is only possible if a person gathers good amount of information regarding his coins and trading. He must pay a close attention to the changing market daily and whenever there is a prominent boost or fall in the price, he should sell and buy coin respectively. In addition to this, courage and persistency with patience matter a lot.
By brain, I assume knowledge which is very important for any trader to be able to make good decisions when they are trading any coin.

Trading is not an easy thing to embark on, because there is always going to be some tough decisions to make most of the time, and considering the fact that the market can be highly volatile, it is also necessary to always take that into note. Therefore, the complexity of the market requires some great level of knowledge to be able to pull through any trade without any form of emotion.
1487  Economy / Trading Discussion / Re: which coin safe for trading? on: May 13, 2018, 04:16:24 AM
If it was me, I would invest in XRP coin. I have invested in this market for some time and I appreciate the XRP coin quite well so I can invest. Currently it is down over 10% and I will buy it to hold.
Wrong route to thread on. I hope you understand what you are saying really considering that XRP is actually a centralized coin with a lot of shady things that may be going on with it and even if you should be considering holding a coin, it should not even be XRP at all.

There are so many other decentralized coins that you can hold to give you better profit based on its demand and usage over time. Asides that, choosing a safe coin to trade should not be the main idea, what is important is, looking for a good strategy to trade.
1488  Economy / Trading Discussion / Re: Bitox.io new decentralized exchange on: May 12, 2018, 02:19:11 PM
We used custom design, upgraded many aspects of frontend and backend. Also improved smart contract. We did used ED open source part. We plan do develop iOS and Android apps by the end of this year. So hopefully you will like it.
Nice one. It is a good thing and I am impressed that we are starting to see a lot of developers beginning to concentrate more on decentralized exchanges even when I feel we still have a long way to go but it is a start. I have a question though, with the way security has been a challenge across board, how are you dealing with this? What are the things you have in place not to be on the same side EtherDelta some months back ?

Most decentralized exchanges to me have not really ended up having optimal performance to that regard, and volume wise as well; I hope you will be able to beat all this.
1489  Economy / Gambling discussion / Re: Why gambling is portrayed negatively almost everywhere? on: May 12, 2018, 08:51:57 AM
I also compare gambling with alcohol and drugs addictions. When you cannot leave anything easily it means that you are addicted of that thing. As I am smoker and I cannot leave smoking, it means that I am addicted of smoking. The same is wig gamblers. They are addicted of gambling and as it is a worst thing the society think gambling addictor bad people.


Interestingly, there are medications to cure gambling addiction as well. There are certain medications that can benefit these individuals. Generally, the prescribed medications belong to the class of selective serotonin reuptake inhibitors. But, you must take professional advice before taking these as the dose may differ depending on your current situation.
It is all about the game of mind. Nothing else can be done rather than to make your mind aware of the damages created by gambling in the past. Mind is a powerful machine and it really knows better and can differentiate between good and bad. It can inform us about the goods we are doing and likewise the bad we are even intending of. So just listen to it and make ourselves determined on that.
The same mind that some gamblers find very hard to control and let their emotions get returned by their gambling habit until they eventually get addicted. The problem is the level at which people get addicted and then irresponsibly make people around them suffer for their stupid actions.

We really cannot blame gambling itself even though if we really want to face fact, it has brought more harm than good over the years, but I really blame those who just cannot keep their head and mind in one piece and let the impulse from gambling out rule their emotions until they finally become a gambling puppet.
1490  Economy / Gambling discussion / Re: 5 Mental Responses That Will Make You Lose Money on: May 12, 2018, 06:40:39 AM
I think one of the most common reasons why people lose money, is because they think they can beat the house. These sites have

a house edge for a reason. Your chances of winning something increase with every percentage that the house edge is lower than

the previous sites you gambled on. So you will have to compare gambling sites based on their house edge to increase your odds on

winning something. Gamble for FUN and you will lose nothing, because you would have spend that money on other entertainment

in any way. Do you lose money when you pay for a movie?
You are not wrong bro, but I always wonder whether they think the house edge is there for charity purpose for them to think that way. The main essence of the house edge is to make money at the detriment of those who are greedy enough to be looking for what they cannot find in gambling.

Personally, I expect people to always see gambling as a way to pay to have fun which you can be lucky to win something in the process if your luck deemed it fit, but people usually do not always get it.
1491  Economy / Gambling discussion / Re: Shyness in gambling on: May 12, 2018, 05:38:50 AM
People should not comfortable when it is not legal in their local areas and this makes them to feel shy. Even though they have intention to gamble but by bothering about they feel shy playing gambling. So it is always good to quite if you feel shy about gambling.
Not being comfortable for going against the law in your country which you know it is a huge offence is different from being shy. Apparently, what you are doing in that case is trying to watch your back so you do not get nabbed by the authorities. Being shy however, may be something that is applicable to someone who is just hitting a casino for the first time until he is able to start mixing with others, but that is all I can actually think of with respect to being shy.
1492  Economy / Economics / Re: Stock Market and Bitcoin on: May 10, 2018, 06:46:19 PM
Imho, while the principles are the same, there's one big difference: crypto market is not regulated.
The result is that pump and dumps or other forms of market manipulation is still there and can burn you.
One pretty huge difference that if someone does not take note of can really make things not to go well. Trading the cryptocurrency market requires a lot of attention and smart decisions knowing the level at which this market can really suck up someone's fund if care is not taken. The market is known for a high level of volatility and a 247 running market that is decentralized, and all these are factors to always take into consideration before trading this market.

Stock market is a regulated unlike bitcoin which is yet to be regulated
Regulation alone will not differentiate these two markets for any trader here. I guess all bitcoin trader must have experienced stocks trading or at least forex trading. The common essence of analysis must be same across all types of trading.
1493  Economy / Economics / Re: As Altcoin Popularity Grows So Does Crime; Is Regulation Keeping Up? on: May 10, 2018, 05:51:32 PM
Here's a nice read on the growth of cryptocurrency vis-a-vis the attacks that seem to hinder it also:

"Since they first hit financial markets, and moreso as their popularity expands, cryptocurrencies—specifically the decentralized digital technology that underlies alt-currencies—have also been a lure for individuals looking for an efficient way to hide their identities, activities and illegal financial transactions. Even as the number and types of tokens proliferate, certain alt-currencies have also become the aiders and abbetors of criminal activity, darkside coins if you will."
It really doesn't hinder cryptocurrecy, it's just that some people are afraid to try out decentralized online currencies, or what we call cryptos because they have been used to using centralized mode of payment. What also hinders crypto is the fact that it can only be used when there is an internet, which some people doesn't have access to. What needs to be figured out for now is how cryptocurrencies can be used offline without needing the internet connection.
This is not about cryptocurrency as a whole. This is about completely anonymous coins like Dash, Monero and the rest. The thing here is that whether we like it or not, this is something we cannot expect those who are so full of shit called scammers and criminals will definitely be polluting the space with this dark coins and we cannot just sit and think everything will just keep moving the way they are without some regulatory interventions. I guess satoshi must have seen this one coming to have made bitcoin pseudo-anonymous.
1494  Alternate cryptocurrencies / Altcoin Discussion / Re: Centralized coins on: May 10, 2018, 05:21:14 PM
Governments are putting up with cryptocurrencies because they can't effectively fight with them. This is evidently not the case with centralized or private money like Ripple or whatever. So there is no reason to think that such currencies will ever be able to take over cryptocurrencies like Bitcoin and friends. As soon as they get traction, they will be destroyed.
I wonder why anyone will even think anything good can ever come from something that has the main possibility of being controlled and manipulated anyway. If we wanted something centralized, I guess we would have just decided to stick with fiat rather than investing in a currency that some group of people who are behind it can just get it imploded anytime they feel like.

Like you have pointed out, I believe and will always believe that centralized coins suck and they will always be shitty for the obvious reasons which are being experienced by us for years. Those centralized coins survived till now because we do not have any options to get rid off them. But, after the introductions of bitcoins, things will definitely change for the betterment of every human of this planet.
1495  Economy / Economics / Re: what is the future of virtual currency like bitcoin ? on: May 10, 2018, 03:14:25 PM
The future of digital currency especially bitcoin is still unclear but one thing that's i think is sure is that it will exists even for centuries to come. With more people are already know about bitcoin and cryptos, i think that the demand will always continue too.

Well saying that it will exist for centuries is basically saying that it has a clear future. I believe in crypto and bitcoin and it will likely shape in a way how our future transactions would be done. Blockchain is bigger though and that i am sure will be the future
It's future depends on how we accepted and give importance to it. With almost a decade of existence and making a difference in every peopIe's life, it has proven so much of its remarkable qualities. It makes wave from across the world in bringing quality of life and offering big opportunities. Though its economy is young but still more are in development to have it become a wide place for investors and users. I don't think it's future will be pointless if we all work together for its progress and expect for more innovation to come, while number of people participating will be increasing. Nothing is impossible in unity and positivity.
I believe there is already a huge importance attached to it as every day we keep seeing new users and investors popping in to see the real value that it brings generally for the world at large. The future is great but it has to come with real life usage as a currency as that is the way we can get a sustainable value in the long run.

The main value of bitcoin is not just for it to be as a speculative asset which obviously would not help in anyway, but the main essence is to be used as a currency that curbs all the issue that fiat has brought over time and that is exactly what would make it more valuable as we move on.
1496  Economy / Trading Discussion / Re: Massive loss 40% underwater on: May 10, 2018, 02:44:40 PM
was afraid that crypto will be zeroed out,

And now you're asking what to do after you sold? Well enjoy your regrets, that's it. It's a loss, what're we gonna do about it. Your sold coins are now being feasted by a number of investors in the market. You let your emotions get into you that's why. Go back and start again. Learn the hard words, buddy. Remember that this is a large market you're interacting at.
I like it when people actually get what they deserved rather than try to sugar coat the words for them Grin; they really need to know what they are not just doing right. The problem with so many people is that they are looking for the quick and short term gains.

They have heard so much about bitcoin making a lot of people rich and they have forgotten how long some of these people have been investing and within those periods how it has been for them to still keep holding. Apparently, they always find it hard to get that into their thick skull.
1497  Economy / Trading Discussion / Re: How do you trade? on: May 10, 2018, 02:12:55 PM
Purchase low offer high that is the most ideal method for trading,if you are not following that manage then you can't gain while trading.I am not a merchant but rather I am holding bitcoins too.So when the cost tops up I will offer that on the grounds that there are more shot of cost fall after the quick cost increase.Then I will purchase more coins when the cost dumps.I trust the vast majority of the general population are doing in inverse direction,many of them willing to purchase when the cost increment and will offer when the cost falls.
Even if you want to purchase low, it is very necessary to still know exactly when you are purchasing, so you do not end up making a wrong purchase.

The mistake made by so many people is they believe buy low and sell high is all they need to make a trade, and funny enough, they do not know where to really buy or when to really be selling and that makes them to easily jeopardize their position in the market a lot. Learning is necessary as there are some analysis and indicators that will always be of help to make good decisions.
1498  Economy / Trading Discussion / Re: How I handle crypto regret on: May 10, 2018, 03:48:05 AM
I would just try to remember that I loose a thousand opportunities everyday, and so this is okay. I cannot handle all of them.
Some people do worry themselves on issues that doesn’t even make sense. You can see a newbie that joined in 2017 regretting why they didn’t buy when it was sold at the rate $1 or so in 2009. That’s just the worst stupidity. If you’re worried about that, then it’d best to fly yourself back to 2009 and do that. If you make mistake, you have made it and there is nothing you can do about it than taking correction. That’s why it’s always good to read and know from other people’s experience so you don’t also make the same mistake.

Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.
Yes, handling crypto related mistakes does not require any special skill as it should be handled how we do with most of our life's other mistakes. Learning a lesson and from that knowledge avoiding same mistakes are always effective for handling any regrets.
1499  Economy / Trading Discussion / Re: I don't care about the price now. Nobody knows how much my portfolio is worth on: May 10, 2018, 03:18:30 AM
That's also a good decisions by not looking the price for the meantime. Everytime I looked into the price I had the attempt to sell, but the market these days are not good. I just hold mine for the reason's price may climb at any moment.

To not look at the price of bitcoin is not going to bring you more tranquility, if you're like many people here you'll visit the forum every day, and when people begin to talk about what is happening with the price you will get curious, so not looking at the price it is not going to protect you from finding out whether the price is going up or down, what is going to protect you is your confidence in bitcoin.
Yeah, curiosity when it concerns your investment is normal and I totally understand that a normal and sane person will want to at least check how their folio is doing which I believe even the OP did to have known how much he is worth now.

Moreover, it is also important to understand that there is no point freaking out or panicking when you know what you are looking forward to and as long as the individual is not trading, I really do not see any means to ever make decisions to sell out at loss out of panic which a lot of people do from checking the price.
1500  Economy / Marketplace / Re: Cryptocurrency market to suffer from strong correction on: May 09, 2018, 07:10:39 PM
This is just a FUD alert.

This is nothing new and has hidden agenda like those news last year same as Jamie Dimon's claim of bitcoin being a fraud.

It's obvious that banks are suffering with crypto's now so they are trying to pull it down by making these misleading articles.
The banks are sure suffering it and they are scared at the way things are turning out rapidly which is the main reason why they are still trying to make every attempt to have a better position in this market so as to be in control. Those who want to give in are free to do so, while those who are smart will always know what to do at every moment in time. They always come back apologizing anyway on all the trash they have ended up saying which at this stage, no one really cares anymore.

I am sure that cryptocurrency market has already suffered enough for the level which may trigger another rally. Because no market will keep falling all the times and no market will keep rising all the time. Hence we never need to worry on any correction at this stage. Trend already got reversed. Now we are in rising phase.
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