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1  Bitcoin / Bitcoin Discussion / Re: What happens with my crypto when I die? on: June 05, 2018, 12:50:07 PM
Your Crypto won’t know you’re dead. So they’ll just wait patiently, living undisturbed on the block chain. Incurring value.

4 years after you pass, you will be worth billions. But not one will ever know...
2  Economy / Speculation / Re: Is it too late? (To buy Bitcoin now) on: June 04, 2018, 08:41:55 PM
Don't mine, it's a waste of energy and resources unless you spend thousands of dollars on special hardware. Diversify your funds over a few projects. Do your own research, don't trust anyone on here.
3  Bitcoin / Bitcoin Discussion / Re: Will bitcoin go under regulation on: June 03, 2018, 10:28:30 AM
Bitcoin will be blamed for financing terrorism
All Bitcoin users will be retrospectively tagged with the terrorist label

Selective prosecution will be used to deter Bitcoin use, as per the old Chinese saying "Kill the chicken to scare the monkey"
4  Alternate cryptocurrencies / Altcoin Discussion / Re: New to Crypto, Any Advice? on: June 03, 2018, 10:27:00 AM
Charts with lines and arrows are crap (sorry to you chartists out there). This isn't like dealing with stocks. You cant project earnings, look at financials, etc. People will constantly look for trends, some of which may actually be true, but the majority of people are just making a case for people to buy in to a specific token. This is a 24/7 365 industry, and it acts as such. It's always changing and trying to predict successes is like herding cats. I love day trading stocks and charting is a huge help to me there...not so much here.
5  Economy / Web Wallets / Re: What are the best bitcoin wallets? on: June 01, 2018, 04:12:10 PM
Just buy a hardware wallet. It's a small investment that you should really get
6  Other / Off-topic / Re: How wars can affect Bitcoin? on: May 29, 2018, 01:52:21 PM
Depends on the Warcoin ICO. Could be moon.
7  Other / Off-topic / Re: Best country for Tourism in Africa? on: May 25, 2018, 09:11:04 PM
South Africa, Namibia, Botswana, Tanzania, Kenya, Ghana are all good introduction countries. I'd also recommend Swaziland, Lesotho, Malawi, Uganda, Rwanda. Ethiopia is one of my favorites, very different culture compared to rest of Africa.
8  Other / Off-topic / Re: Reincarnation on: May 24, 2018, 12:04:00 PM
If I come back with a different body, and absolutely no memory of a previous life....what difference would it make? Can you even say it's "me"?
9  Bitcoin / Bitcoin Discussion / Re: Future of bitcoins on: May 24, 2018, 09:12:58 AM
Nobody knows the role that blockchain technology will play yet. The scene has been overrun with a get rich quick mentality but it's true benefit is yet to be seen.
10  Bitcoin / Legal / Re: Criminals and Bitcoin on: May 23, 2018, 11:18:42 AM
This argument is the lowest form of debate by tulip lovers and politicians who want to scare you into supporting their anti bitcoin laws.

Criminals use whatever enables them to succeed. The USD is the most used currency for money laundering and crime.

The world should ban burner phones? Why don’t they ban guns before bitcoin? Or getaway cars?
11  Bitcoin / Bitcoin Discussion / Re: What is the reason why we really need Bitcoin? on: May 23, 2018, 10:59:28 AM
I find that most people buy bitcoin to simply to increase their wealth, and as such few understand the true value behind Bitcoin. For those that are unsure why Bitcoin is important let me give you a very brief explanation.

Bitcoin is a form of money that is censorship resistant

This means that no one can control your bitcoin, close your account, force you to provide documents, deny you an account because of your age, sex, religion, or race. It allows anyone, or any computer program access to the economic system. It is the ultimate form of digital and accessible monetary freedom that exists today.

In the end I salute those that buy Bitcoin for speculative reasons, because in the process they support an asset that exists the greater good. I just hope most of them learn why Bitcoin is important during their journey.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: New to Crypto, Any Advice? on: May 22, 2018, 08:45:25 PM
Don't buy coins on Coinbase, link you bank account and buy using bank transfer on GDAX.
13  Bitcoin / Bitcoin Discussion / Re: Why Media is negative about Bitcoin? on: May 22, 2018, 08:26:50 PM
The hatred/fear of Bitcoin is not ungrounded. The older generation of fund managers and major investment entities look at Bitcoin as a threat. And crypto is a threat. A huge threat to an established regime of control and power.

As we saw with the TARP bailout our financial system is manipulated as needed to keep the established power structure intact. Wouldn't it have been great if the financial sector's losses were not socialized and their profits kept private? But their losses were socialized. And they will be again. This is the order of things.

Crypto could upset the balance of power in the world. Therefore the old fuckers must destroy it, if they can. So don't be shocked or put off when they come with regulation and legislation in order to try to end it.

Technology has already upset the balance of a few other industries in such fundamental ways that the Warren Buffets of the world have to take this seriously. One example of this is Amazon. We have legacy brands that are dying out. Sears, JC Penney's, Macy's, even Walmart is feeling the sting. Another industry is the automobile/power generation sector. If Tesla can pull off its transformation of the power grid and auto industry then there could be a major upheaval. In the same way that shopping malls are dying out quickly we could have power plants going offline permanently with barely even a passing glance from John Q. Public.

My favorite example of technology killing a legacy industry is Kodak and other film cameras. Film used to be ubiquitous. Now it is utterly gone. No more film production. No more film processing. No more film cameras and very very few digital cameras being sold. I grew up around film cameras. My family had a 35mm, a Super 8mm, and several 110 cameras. We had flash bulbs. We had a Polaroid. Every household had several film cameras and rolls and rolls of film taken, processed and placed into photo albums every year. But now there is nothing left of it. Kodak is just as gone from our culture as the rotary dial telephone.

This is what strikes fear into the spirits of the power brokers. They don't want change. They don't want to be on the losing side of history. Something as simple as the creative use of prime factorization, if left to its own, could make the government money just as irrelevant as the flash cube. If that happens then the Federal Reserve loses it's influence and their control of the financial system will be lost.

So in my mind, if crypto currency is allowed to continue to blossom then there is no other outcome but a loss of power for the Federal Reserve. They WILL stop cryptocurrency IF they can.
14  Economy / Economics / Re: Is bitcoin really anonymous? on: May 18, 2018, 12:22:39 PM
I'm probably about to spout shit but if anyone can correct me if I'm wrong this would be appreciated!

So bitcoin isn't 'anonymous' in a sense. You can see where bitcoin moves between wallets etc. It's a case of who owns the wallet can be kinda anonymous. As for coinbase, it's not really a wallet it's kinda like a large pool of bitcoin and they say you have x amount of it. Similar to Paypal, you don't actually have the money they display it's in one of their main accounts. As for your personal information and IP, all that kinda stuff is protected by some form of the Data Protection act (for the UK, some equivalent for their country etc). So they are inclined to keep that data private and secure.
15  Economy / Speculation / Re: What does the future of bitcoin look like?? on: May 18, 2018, 10:30:41 AM
Lighting network, faster transactions, lower fees, increased adoption, more media coverage, a bunch of new easy to use exchanges, Samsung ASICs production resulting in more competition and cheaper mining equipment, regulation potentially resulting in more institutional money... Looks great.
16  Economy / Trading Discussion / Re: Coins good for trading? on: May 17, 2018, 10:41:47 AM
I've made a good little chunk on KBR. Seems to quadruple and then slowly decline over a week or so then bounces back up.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think if Facebook releases its coin? on: May 17, 2018, 10:17:30 AM
If FB coin happened I'd probably buy in early, ride it up, and then sell it all off never to return. I am skeptical that facebook would even release a coin.
18  Economy / Economics / Re: Is bitcoin really anonymous? on: May 16, 2018, 08:49:26 AM
This isn't really anything to do with the currency, it's more a question of how anonymous the internet is; but, it is the key question regarding BTC vs XMR.

How big an issue it will be to our customers is unknown. To your average Indian merchant, it's probably not an issue; you can de-anonymize big transactions but your average ham-n-egger will slip through. Chinese whales need to pay attention.
19  Bitcoin / Bitcoin Discussion / Re: Iran bans banks from using cryptocurrencies on: May 16, 2018, 07:54:05 AM
Doesn't matter, they can't buy anyway. All exchanges have them on a "dont and cant" list of country.
20  Economy / Economics / Re: Some advices and references for a newbie? on: May 15, 2018, 08:46:21 AM
Find a project that you really believe it will rise in the long term. Check out the market cap, the project team, roadmap, current state of the development, and worth of the market they are trying to cover. What are the problems they are trying to solve, and who are the competitors. Doing proper research will make you feel more confident when holding. Check also if the coin has fixes total supply and what percentage of the total supply is in circulation to predict future inflation. You can find a lot of useful information about the coin on https://coinmarketcap.com/ . If you click on your desired coin under tab/markets you can see list alt-exchanges where you can buy it. Another useful website is http://coinmarketcal.com/ where you can find dates of interest for various coins.

Most of the alt coins are trading on exchanges with altcoin ->BTC/ETH pairs. So first you need to obtain BTC or ETH. Coinbase is the most popular choice for that purpose but I would suggest you https://www.bitstamp.net since they have lower fees (0.25% compared to 1.5%). Another option to lower down fees is to use GDAX from Coinbase. With GDAX, if you're "taking" an order (meaning filling an existing order in the order book), the fee is 0.25% for Bitcoin and 0.30% for Ethereum. However, maker fees (meaning placing a limit order on the order book that may or may not be filled) are 0. After you bought BTC you can transfer it into BTC wallet on alt exchanges and start trading. Some of the popular alt exchanges are Binance, Bittrex, Bitfinex, etc. I prefer binance since they have the lowest fees (0.1% compared to 0.25%/0.2%). I also grew quite fond of their user interface. Check out advanced mode. You can use this referral link if you like https://www.binance.com/?ref=10196951 I would also recommend to use 2step verification for logging in.

Don't buy at all-time high if the price was rising too suddenly. I usually search for the dip for the coins that I believe in long term. Rule of thumb: all cryptos are pretty much influenced by BTC. When BTC rises suddenly most of them fall. When BTC falls down suddenly most of the cryptos fall. When BTC is stagnant or has a slow steady rise, alt coin flourish. And last, remember to take part of your profits when it's skyrocketing. Usually, there is a correction after sudden increase. Just holding, without taking the profit is still haunting me with my NEO (Antshares). It's always good to take profit to increase your stack. Have fun and good luck trading/investing!
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