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901
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Economy / Economics / Re: is it possible that the bitcoin was created by governments?
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on: April 27, 2020, 09:10:48 PM
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I guess that times like this now are ideal for different speculation and conspiracy theories. Howe, I've heard so many different theories about Bitcoin creation and who the Satoshi was but that some government is standing behind that is rather unusual.
If that was true don't you think that the path of Bitcoin would have been completely different, probably it would have been institutionized from the begininig, regulated and in service of government benefit.
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902
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Economy / Gambling discussion / Re: Why most gamblers can never hold onto big bag?
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on: April 27, 2020, 03:18:00 PM
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Can you specify what's the exchange rate of ETH at that moment?
You mentioned your friend started at $100 usd and manage to have a balance of 24 ETH, so we can't tell if that amount is big enough already that would make him stop as you don't mentioned on your post. If we based on the current price or let's say we will price 1 ETH at $150, then your friend would have cash out $3600 if he have stop.
but like the famous song, don't count your money while you are still on the table, there's a lot of counting time after you gamble.
It means you only win if you made a profit when you stop.
In an addicted person, that difficult to advice them to stop on the usual habbits. They don't even think about what future might bring, if there's money then it'll have to be spent and didn't even bother losing it with gambling. Once a winning profit comes, they'll become unstoppable and more aggressive. That aggressiveness control the tempo so instead of quitting they choose to continue and try much harder, thinking that they will continue to win more and not being bothered that luck may passed them out and the next thing to happen is losing everything again. Addicted gamblers don't have the right mentality in terms of when to quit and how to take advantages of certain situations, they are only care of keep pushing forward. Yea, but that is typical nistake many gamblers do. After they lose big time they think the next bet will be the wining one and they will cover complete loss and make profit above that. That is, of course, wrong and in most cases only takes them even deeper into loss. Such a feeling that every next time will be win takes you over so easy and if you don't have enough selfcontrol you are lost. |
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903
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Economy / Speculation / Re: What this Bitcoin halving bring? Does the Bitcoin price go up or down?
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on: April 27, 2020, 11:52:07 AM
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This seams to be eternal question, will Bitcoin rise or fall after the halving. So far I noticed that many users expect for Bitcoin price to go up but to my opinion both scenarios are possible.
No one can't actually tell what halving will bring to us and even if the first effect will be the price rise, to my opinion that will not last to long and the growth will probably not be as strong as many expect.
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904
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Economy / Trading Discussion / Re: Exchanges WITHOUT KYC?
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on: April 26, 2020, 05:44:53 PM
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Honestly, I don't know why are people so.afraid of KYC. On certain extend I can understand they are afraid for not knowing where their data might end but if you use respectable exchanges that shouldn't be a problem. KYC is also here to protect the users and since is legal obligation, by searching for exchange without KYC you actually ecpose yourself to risk to make business with exchange that is not legitimate and law compliant so also without legal protection if something goes wrong.
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905
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Bitcoin / Bitcoin Discussion / Re: John McAfee 2020 Prediction
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on: April 26, 2020, 12:30:32 PM
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Honestly, I almost believe this guy on 2017, I entered and was new at crypto that time but now I think this guy is a clown. Those influencers are not effective anymore and they are just telling things they want to, even if they have no basis at all. Now his promoting monero, etc. Maybe he is being paid for it or wants to be paid by it? Predicting is not bad, but if you made a wrong prediction and you are paid for it that is totally bad. If I am not mistaken this guy promoted some project and it went scam.
Every serious Bitcoin user stopped to follow so called Bitcoin experts like this guy long ago. Like you've said they say whatever they like and that is usualy not connected with any facts or true situation on cryptocurrencies market so everyone who listens such predictions and analysis might get completely wrong decisions so it's better to just ignore it. |
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906
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Economy / Economics / Re: Inflation, printing money and Bitcoin
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on: April 25, 2020, 06:00:00 PM
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Printing money will get crisis for world economic and bitcoin become good solution how your money value keep touch with higher price without get inflation value. Many moment money is have lower value after several years later and bitcoin keep going on higher price without know anymore with inflation.
That is not going to happen. Not any serious country in the world will print the money to fight the crisis because anyone with any brain at all knows that brings opposite effect. Fiat money will not disappear and people will not lose faith in it so Bitcoin needs to find its own independent way to be more prosperous, not to count on fiat failure. |
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907
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Economy / Micro Earnings / Re: Are this kind of satoshi surveys legit?
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on: April 25, 2020, 10:45:51 AM
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Usually, when the company pays people for surveys, it's mostly because of the information they are going to get from you. There are a lot of cases where personal data is being sold to the highest bidder to a specific type of niche, hence the survey. I don't usually trust things like that anymore because of the fact that there's personal information that can be collected. I don't know, that's just my opinion on these things.
Such surveys are always a risk. Many companies who conduct them don't inform people ptoperly about data security and privacy and some don't even care as long as they get paid for it. But that is very risky because at the end the data might get abused and at the end you find yourself in big troubles. So, be very careful what you get involved in. |
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908
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Economy / Speculation / Re: Bloomberg report Bull run
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on: April 24, 2020, 04:59:53 PM
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People would actually believe what they watch in TV, well, hopefully we will see a bull run but I tell you, I am also ready if the price will dump.
Looking at the movement of bitcoin now, I can really tell that we are doing well, in fact, today, another small bullish run and hopefully it will start to step on $8,000 prior to the halving schedule.
Yes, many people bellieve what they see and hear on TV so they might fall for this. However, we are not having bull run, not yet. Such a small decline in price, although positr, can't be called bull run and it's yet to see if the positive trend will continue or it's just a question of the moment. |
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909
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Bitcoin / Bitcoin Discussion / Re: Will bitcoin be the ideal currency of the future?
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on: April 24, 2020, 10:51:27 AM
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It could be but there should be a 3rd party to facilitate an easier transaction.
It's true that bitcoin is decentralized and no one can hack its system, so this is safe and will exist if people will continue to use it.
the price does not matter if its use for online currency, but directly it's not as fast as other payment system, they will beat us, so like I said, we need a 3rd party so people would adopt on it.
It's not only about the speed of transactions, that is.just one part of problem that needs improvement. To be used as a currency and to be fully accepted and adopted in financial world Bitcoin needs regulation, it needs legal security. Without that it will be not accepted neither by businesses or individuals in larger scale. People don't like to use something they don't trust. Also, currently only small number of people in the world is using Bitcoin and cryptocurrencies in general. We need to change that in order for Bitcoin to become a currency of the future. |
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910
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Economy / Gambling discussion / Re: Has this period killed your desire or exited it
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on: April 23, 2020, 08:10:44 PM
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Actually now I have more time to bet but I don't have enough choice I would like because I miss sports betting. So I'm looking forward to period when sport events will be alive again.
But for some players this also might be dangerous period because of too much free time and nothing else to do they might spend too much time on betting and thus develope addiction so control and other activities are necessary.
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911
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Economy / Speculation / Re: Is Covid-19 a cause for BTC price drops?
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on: April 23, 2020, 05:57:45 PM
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To my opinion COVID-19 isn't direct cause for Bitcoin price drop but due to the whole crisis that it caused it also affected the Bitcoin price. It's actualy the closed circle and domino effect so.cryptocurrency market couldn't escape it. In global crisis that we are heading to, no one can't be spared.
Some will see Bitcoin as a safe heaven for the escape from crisis but some will lose the trust so people will act different and at the end that will all affect the price of Bitcoin too.
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912
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Economy / Speculation / Re: Is Bitcoin creating panic again?
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on: April 22, 2020, 09:01:21 PM
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I don't have the impression that we are having panic present although some users probably are under strong influence of COVID-19 situation, deep recession that we are heading and bad overal economy and social situation. That and lack of patience as well as real need for money due to job loss or similar might cause urge for selling but I don't think that at the moment this is mass activity.
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914
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is better than your bank!
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on: April 22, 2020, 01:53:40 PM
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I wouldn't put things so plain and simple.
Everything has its advantages and disadvanateges and so it's with Bitcoin and banks too.
Of course that we all would like to be free from banks and be our own bankers but we have to face the truth.
Bitcoin is still not accepted enough and regulated, very small number of people in.the world is using Bitcoin and other cryptocurrencies and it's not even available to everyone.
So in situation like this we still depend on fiat money and need banks and thus it's not so easy to say what is better.
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915
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Economy / Trading Discussion / Re: Why is everyone expecting continuous growth?
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on: April 21, 2020, 07:53:13 PM
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I'm not expecting continuous growth because I'm aware how Bitcoin it's functioning. But I.guess some users are hopless optimists, especialy now in time of crisis and they just wait for that trigger that will push the price high.
Bitcoin is volatile, market is unpredictable and we have to be prepared on both scenarios, rise and fall. To my opinion currently there are no conditions on the market for continuous, steady growth and for a while the situation will remain as it is, price will continue to fluctuate but it will hardly cross 8000$ very soon.
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917
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Bitcoin / Bitcoin Discussion / Re: PETER SCHIFF WAS RIGHT: Again... If Bitcoin does not go up on good news....
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on: April 21, 2020, 10:46:16 AM
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Bitcoin a digital gold is just one of the examples people use to explain it to people new to Bitcoin, and it is indeed a digital Gold because the price dumped recently in the name of Coronal virus doesn't make it not so. Bitcoin is better than Gold, We have had 10 years now, how many of these year has Gold or Stock market actually beat Bitcoin gains, I can only think of one.
I don't think that Bitcoin can be compared either with gold or stock market. These are totaly different assets and are functioning by totaly different rules. Yes, some use them to better explain Bitcoin to others but I don't think that gold and stock market are good examples, people might get completely wrong pictures about the value, market and risks. Cryptocurrencies have its own features and rules and thus should be presented, even with risk that people are not so delighted at first. |
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918
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Economy / Speculation / Re: Bitcoin Price to hit $400k a prediction by an analyst *face palm*
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on: April 20, 2020, 07:59:59 PM
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One more exaggerated prediction, that is how this sounds to me.
Yes, the world has entered the nee global crisis and no one can't tell how long will it last and when will it end. In such circumstances many beleive that Bitcoin might get an extra value. That is possible and the price might go on the rise again however don't expect some huge jump over night. To reach 10000$ will be quite a challenge again.
Also, don't forget that the opposite scenario is possible too and the price might fall as well.
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919
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Economy / Gambling discussion / Re: CORONAVIRUS IMPACT ON SPORTS GAMBLING
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on: April 20, 2020, 04:33:28 PM
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This topic is very interesting. The big question is, how can we have any sports gambling without any live sports? Now this is not something that can be done with the past matches, or the tournaments that may happen in the future. For sports gambling, you need real-time sports events. And perhaps the only event that is ongoing right now is the Belarusian Premier League.
There is chance for some sport events to be held at the end of the year, some are only postponed with hope that things will slowly get back to normal However, for majority of sports this year is lost, as well as for sport gambling so the choice is very poor at the moment. Personaly I'm not interested in gambling in past events, that mskes no sense. |
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920
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Bitcoin / Bitcoin Discussion / Re: Bitcoin declined 3% as the coronavirus spread in italy
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on: April 20, 2020, 12:38:11 PM
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I think we should not let ourselves be affected by this article.
The fact that Bitcoin kept on staying at $10K last month amidst the coronavirus means it is not related to it at all. We are talking about Bitcoin increasing amidst the price meaning it is affecting the price positivity and then when the price fell we will be talking about the pandemic affecting the price negatively, I mean, it is just a coincidence. It fell 45% last week and a 3% fall is the main thing? No, Bitcoin is just volatile because of this fall. They can just say that it fell because of what's happening in Italy. Oh yeah, the price fell after I posted this, I think it is affected by it.
This volatile behaviors really affecting the market, negative news pays it impacts and we can't blames those who are afraid from losing money. This decline is not because of the issue from italy but consider the major part of the world is really being infected and many people are trying to survive from this pandemic virus. And, no. I don't think the pandemic really affects the price of Bitcoin. People are panicking, caged at their houses and just going out of their cages to buy essentials that could last until the pandemic stops or when the government says so. I can't even cash out some of Bitcoins right now since money remittances are jammed pack with people receiving money from their loved ones from other countries. Just read the PlusToken scammers that are putting their scammed Bitcoin into mixers, that is the real reason of that dump. This situation with pandemic influence all parts of our lives because it has domino effect on multiple areas. Probably in some way that affects cryptocurrencies market also but at this moment it's hard to tell exactly how and in what extend Also, people are afraid many have lost their jobs and many will so it's understandable they need some kind of alternative for their finances. Some think Bitcoin can be solution but they are too unsecure to hold so they sell. On long term that might affect the price of Bitcoin too. |
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