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1041  Economy / Speculation / Re: Bitcoin is forming a bubble and that is an indisputable fact on: June 03, 2017, 03:15:01 AM
Even if we consider that valuations are high, the question is when (if ever) will this bubble burst?
I don't consider a 20% drop in price as a bubble bursting. This bull run looks like it could continue for a long time.
1042  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is BTC's high fees one reason why people trade with other coin "bases"? on: May 29, 2017, 03:30:38 PM
Actually people don't care about fees. This problem will be also solved ultimately.

A lot of people do. I certainly care about fees. High fees can kill microtransactions.
If I want to tip somebody a dollar, it doesn't make sense if I have to pay almost the same amount in transaction fees.
1043  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Dollar on: May 29, 2017, 03:28:14 PM
Coinmaster.com (never heard of it) just called me to invest in IPO of crypto dollar. They had a terrible sales pitch on how great the crypto dollar will be.
They couldn't even tell me what the crypto dollar made it so great xd. All they said was IPO IPO IPO and that it will become the third largest currency after bitcoin and ethereum.

Has anyone else been contacted like this? Grin

Nope. They could get into trouble by using the word "dollar" in their name. The users of Liberty Dollars got into trouble because people could get confused about the coins being "dollars".
They shouldn't be saying IPO IPO IPO. They should atleast be saying ICO ICO ICO.
1044  Economy / Speculation / Re: Poll: Bear trap or Bull trap? on: May 29, 2017, 03:20:44 PM
I think it is a bear trap, but this trap isn't going to close quickly.
There will be some consolidation at these levels and then we will see the next bull run.
1045  Economy / Speculation / Re: How do Stocks and Bitcoin correlate? And Gold on: May 28, 2017, 06:55:53 AM
Hi there!

Stocks and Gold seem to negatively correlate

What i am just wondering about and wanting to find out:
Does anyone know

How do Stocks (eg S&P 500) and Bitcoin correlate?
How do Gold and Bitcoin correlate?

Bitcoin probably has zero correlation to all asset classes. Hence it is a nice asset to have in your portfolio.
It offers some diversification. You can have a look at this CNBC article.

http://www.cnbc.com/2017/05/18/looking-for-portfolio-protection-here-are-two-things-to-buy-right-now.html
1046  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: May 28, 2017, 06:53:22 AM
amazing arsenal performance
with champion premierie league arsenal player impresive and win 2-1, but one player chelsea receive red card

Was a surprise result, but Chelsea have an away goal, and next game Arsenal will have home disadvantage, so Chelsea still is favorite. I don't think Arsenal will be able to hold a draw away from home

Yes, Arsenal didn't make the top 4 in the premier league and Chelsea of course topped the table. Chelsea did fight well to equalize with only ten men on the field. But this lasted for only 3 minutes with Ramsey giving the lead back to Arsenal again.
All in all, a nice ending to a tough season for Arsene Wenger.
1047  Alternate cryptocurrencies / Altcoin Discussion / Re: Chat app with 300mil active users to launch token sale via ICO on: May 27, 2017, 04:17:20 AM
When a lot of blockchain-irrelevant companies issue their own tokens, the bubble will be out of control.

That will be when the bubble will actually burst. In this case, because of the large userbase, the token might have some traction and gain value.
But if all internet companies start issuing tokens, people will just stick to using BTC/fiat.
1048  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: May 27, 2017, 04:13:04 AM
This FA cup final should be intresting to see as boty teams in a good form as Arsenal got 8 wins from the past 9 games in all competition but they still not very convincing also with some problems in defenseas they got some players injured and others suspended while Chelsea are in form as well after 7 wins in a row . Wenger will try to save the season as always with a Trophy while Chelsea is looking to add their second title for this season so I expect an open game here and a lot of goals fromboth sides so we should get both teams scoring and over 2.5 goals.

I think it will be a low scoring affair, with Chelsea scraping through 1-0. Arsene Wenger may not have his contract renewed and this could be his farewell match. The Chelsea team is on a roll and I think they will be difficult to stop in this match.
1049  Bitcoin / Bitcoin Discussion / Re: Small fortune, now which country ? on: May 27, 2017, 02:13:45 AM
Guys, i made a small fortune in altcoin/bitcoin. In which country should i settle ?
I have no wife, no kids, just a girlfriend, iŽm free to go wherever i want (sheŽll go with me).
But it has to be a bitcoin-friendly country.
I have no intention to buy lambos, just a peaceful life.
Thanks.

Oh, and my age is 53, that makes a difference too.

Italy or Spain. The weather is good. Europe in general is Bitcoin friendly.
If you retire to the country side, you can lead a peaceful life.
1050  Economy / Speculation / Re: Price going below 2k$ on: May 27, 2017, 02:10:27 AM
Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

It is just profit booking by some traders. If you look at how fast we went to $2800, then you shouldn't be worried about the $400 drop.
If you are a long term holder, you needn't even bother looking at the price every day.
1051  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH maybe easily be replaced by ETC on: May 26, 2017, 05:14:06 PM
ETH = mutable, centralized, inflationary, pos

ETC = immutable, decentralized, deflationary, pow

What matters is who backs ETH and who backs ETC.
Vitalik Buterin backs ETH. There is a lot of active development on ETH.
ETC is nobody's child.
1052  Economy / Speculation / Re: Are you enjoying the crazy Bitcoin price rise? on: May 26, 2017, 05:12:36 PM
Oh this is true. The bitcoin will soon be considered as fixed form of digital asset, if we see it this way then the transaction of the bitcoin will become too low as compare to the other digital currencies. Those who say that the bitcoin is a digital gold will find their comments true about it.

I hope bitcoin prices are getting ready for another rally and that may last up to $3200 levels. This must be a right time to realize how worth the decisions of holding bitcoins for life and I am honestly enjoying it a lot.

We have come a long way and I am not greedy. I will enjoy the ride and be happy, whether Bitcoin settles at $2200 or $3200.
I will just hold for another few years and then cash out.
1053  Economy / Gambling discussion / Re: Europa League/Champions League Lounge on: May 25, 2017, 02:00:33 PM
Sadly Manchester won. I would have liked Ajax won, but I think the recent attacks at Manchester made United players want to win. Mourinho, with this win, has become the sole trainer ever to win more than one time both Europa League and Champions League.

It was an emotional win for Manchester United, after the terrorist attacks. They took the lead pretty early and added to their advantage in the second half. Manchester United and City have pledged 1 Million pounds to help the victims of the terrorist attack.
1054  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Alphabay will accept Zcash <<-- HUUUUGE PUMP coming :) on: May 25, 2017, 01:56:19 PM
Is being added to an illegal market a good news for the coin?
2-3 years ago definitely, in 2017 I don't think so.

It is. It indicates wider acceptance of the currency. At the end of the day, it will contribute to additional demand.
Bitcoin being used in dark markets doesn't take the sheen of Bitcoin.
1055  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple is in major trouble on: May 25, 2017, 01:46:21 PM
There are banks which are quitting the R3 consortium too. Looks like the banks want to have their individual, patented blockchain applications.  Tongue
Ripple had a great run so far, for a currency which is not decentralized. Now, I guess it will come down to Earth.
1056  Economy / Speculation / Re: Will there be an epic dump? on: May 25, 2017, 01:44:04 PM
There definitely will be pull back, but trying to time it is out of the question.
For all you know, Bitcoin could first rise to $5000 and then crash to $4000.  Wink
1057  Economy / Gambling discussion / Re: Europa League/Champions League Lounge on: May 24, 2017, 04:32:05 PM
Much more than a final for Manchester United. They will play for the first time in the UEFA Europa League. They want to win the cup and be in Champions League groups. Ajax is a young team. They've been pretty good up here. In the final, I believe that the experience will be overwhelming. A very important game for Mourinho.

I agree with you, this is the most important game for Manchester, only a win here can keep things going for Mourinho and his team. They struggle a lot in the premier league, and they weren't that brilliant on the group and playoffs phase wither, so I don't know how this will turn out. They are a very experienced team, and have a very experienced coach, so I also think that will probably state the result here, but they sure are under a big pressure, since they are paying the "entire season" on this game.


Manchester United will win this evening because it has the strongest players, it must go to champion's league, and why it will want to dedicate victory to all Manchester people after the terrible terrorist attack.

Manchester United will be wearing black armbands, for solidarity with victims of the terrorist attack. A minute's silence will also be observed.
Manchester is the more experienced side and with so much at stake, I expect them to win this game.
1058  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you see alts have chances against Bitcoins? on: May 24, 2017, 04:28:14 PM
We can never know and understand how things happen here,
Its possible that we wake up one day and the BitCoin price will drop while all the money will move to the altcoins.

The question is which currency will be more useful, and which will be able to be acknowledged by the regulators.

Highly unlikely that it will happen overnight. It is not impossible, but it will take time.
For example, we have seen Bitcoin dominance drop from over 80% to less than 50% over the past few months. The change will be gradual, like this.
1059  Alternate cryptocurrencies / Altcoin Discussion / Re: I am sad for my ETC on: May 24, 2017, 04:21:09 PM
:'(I sell my ETC last night,what's the fuck?
I am worried about the bubble too big, so I sell it
but,it's raise to the moon,but I still on the erath

Did you convert it into BTC or fiat? If you converted it into BTC, there is still hope. BTC is rising, even if the increase is not comparable to ETC.
If you converted it into fiat, you must be happy with the profits it has netted you.

1060  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [MNE] Minereum Speculation on: May 24, 2017, 04:19:13 PM
Hey Team,

First post.. long time lurker.

I have been looking into Minereum recently and would like to see what ya'll think about its future.

A little background;

Self-mining, smart contract platform built on top of Ethereum. It will take 47 years to hit the theoretical coin limit, with a finite amount of coins released during that time period. Dev team seems eager and communicative and the platform looks solid.

Thoughts?

Is it listed on any exchange? I couldn't find it in the top 200 on coinmarketcap.
Plus, the first post that you make is about Minereum speculation....
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